BRICS Bridge: Unlocking a New Era of Currency Sovereignty and Revaluation

BRICS Bridge: Unlocking a New Era of Currency Sovereignty and Revaluation

Awake-In-3D   December 4, 2024

How BRICS Bridge is challenging traditional financial systems to redefine currency values across emerging markets.

The financial world is undergoing a transformation, and BRICS Bridge is at the forefront of this change. By leveraging advanced blockchain technology, BRICS nations are challenging traditional financial systems and reshaping how currencies are valued. This advanced initiative aims to foster monetary sovereignty, reduce dependence on the US dollar, and unlock new opportunities for emerging markets.

With its promise to streamline cross-border transactions and promote fairer currency valuations, BRICS Bridge could herald a new era of economic equity and innovation.

The Vision Behind BRICS Bridge

BRICS Bridge is more than a payment platform; it represents a strategic response to the financial imbalances perpetuated by reliance on US-controlled systems such as SWIFT and the hegemony of the US dollar in international trade. By fostering financial independence, BRICS Bridge aims to empower emerging economies with enhanced monetary sovereignty and reduced exposure to external geopolitical pressures.

One key aspect of this initiative is the potential to bring currencies from emerging markets into sharper focus. Through its integration of digital currencies and blockchain technology, BRICS Bridge provides a framework for transparent, efficient, and secure transactions, which is poised to influence the revaluation of participating nations’ currencies in the broader financial ecosystem.

How BRICS Bridge Could Trigger Currency Revaluation

1. Decoupling from the US Dollar

A central ambition of BRICS Bridge is to diminish dependency on the US dollar, which has long been the dominant reserve currency. For decades, the strength of the dollar has placed emerging market currencies at a disadvantage, often undervalued due to trade imbalances and external debt obligations denominated in dollars.

With BRICS Bridge enabling transactions in local currencies or digital equivalents, member nations can bypass dollar-based exchange rate constraints. This shift will lead to a recalibration of exchange rates, increasing the valuation of emerging currencies and reflecting their true economic potential.

2. Strengthening Intra-regional Trade with BRICS Bridge

By facilitating faster, cheaper, and more secure cross-border payments, BRICS Bridge has the potential to boost trade among its member states and partners. Greater trade volumes will drive demand for local currencies, naturally improving their valuation.

For instance, if Russia trades directly with India using the ruble and rupee through BRICS Bridge, it eliminates the intermediary role of the dollar. As these transactions scale, the ruble and rupee will result in more robust valuations, influencing regional currency markets.

3. Enhancing Financial Stability with BRICS Bridge

The ability to transact without reliance on Western-dominated systems like SWIFT mitigates the risk of external sanctions and financial isolation. This newfound financial stability is a crucial factor in the revaluation of currencies, as it increases investor confidence and reduces the risk premiums often associated with emerging markets.

For countries like South Africa and Brazil, participation in BRICS Bridge will safeguard their economic interests from the impact of geopolitical tensions, thereby bolstering their currencies’ standing.

The Role of Technology in BRICS Bridge

At the heart of BRICS Bridge lies blockchain technology, which underpins the system’s efficiency, security, and transparency. Blockchain’s decentralized nature ensures that transactions are immutable and verifiable, making it an ideal foundation for a trusted cross-border payment platform.

Additionally, the use of digital currencies and tokens further amplifies the platform’s potential. Unlike traditional fiat systems, these digital assets can streamline compliance processes by embedding regulatory checks within the blockchain itself, reducing delays and administrative costs. This efficiency not only strengthens trade relationships but also enhances the perceived stability of participating currencies, positively influencing their valuation.

Challenges and Uncertainties in BRICS Bridge

Despite its transformative potential, BRICS Bridge faces significant challenges. The United States has expressed concerns that such a system will undermine its economic influence and warned that cooperation with Russia’s financial sector will result in losing access to the dollar. These warnings underscore the geopolitical risks associated with implementing a multipolar financial framework.

Additionally, technical and regulatory hurdles are expected to complicate adoption. Differences in technological infrastructure, legal frameworks, and compliance standards among BRICS nations may complicate the system’s rollout. Addressing these challenges will be essential for the initiative to achieve its full potential and exert meaningful influence on currency revaluation.

A Comparison to the BIS mBridge Platform

BRICS Bridge shares conceptual similarities with mBridge, a multi-CBDC (central bank digital currency) platform previously overseen by the Bank for International Settlements (BIS). While mBridge aimed to explore cross-border digital currency transactions, the BIS stepped back after the project matured, citing its readiness for independent development.

BRICS Bridge, however, is distinguished by its explicit focus on reducing Western financial influence and fostering alliances among emerging markets. This unique positioning aligns the platform more closely with efforts to achieve a Global Currency Reset (GCR), where emerging markets play a central role in reshaping the financial order.

Opportunities for Broader Participation in BRICS Bridge

The success of BRICS Bridge will depend on its ability to integrate additional partners from outside the core BRICS membership. Nations like Oman, Saudi Arabia, and the UAE have shown interest in exploring digital payment systems and blockchain-based trade platforms.

• Oman could serve as a critical conduit between BRICS and Middle Eastern markets.

• Saudi Arabia has already participated in digital currency initiatives like Project mBridge, signaling its openness to similar collaborations.

• The UAE has invested in Distributed Ledger Technology (DLT) and CBDCs to enhance trade flexibility.

• Bahrain could act as a bridge for smoother Gulf integration, bringing additional trade and financial flows into the system.

Expanding participation will not only strengthen the platform but also amplify its impact on currency valuation trends across emerging markets.

The Bottom Line

BRICS Bridge represents a bold step toward a more balanced and inclusive financial future. By leveraging blockchain technology to enable direct, dollar-independent transactions, the platform has the potential to recalibrate the valuation of emerging market currencies, enhancing their global standing.

While challenges remain, the initiative underscores a growing recognition among BRICS nations and their allies that the time has come to reshape the financial order. As BRICS Bridge progresses, it will serve as a critical component of the wider initiative toward a Global Currency Reset, signaling a new era of monetary stability and equity for emerging markets worldwide.

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News, Rumors and Opinions Thursday 12-5-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 5 Dec. 2024

Compiled Thurs. 5 Dec. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Wed. 4 Dec. 2024 Holly: “GET RRRRREEEAAADYYY!!! I got a call telling me today that the currency exchange companies inside Iraq refused to sell dollars to anybody. Now they are only letting the Dinar stand up inside the country. Going international !!!!!!! The USD no longer exists inside Iraq. Money exchangers inside Iraq can buy USD but cannot sell them.”

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Global Financial Crisis:

Wed. 4 Dec. 2024: Breaking News: $980 Trillion of Cabal Money Purged from Banks Unleashes Global Financial Turmoil – amg-news.com – American Media Group

Wed. 4 Dec. 2024: Elon Musk and Senator Mike Lee just shared a thread showing US Government is using our Social Security to fund anything they need extra money for. Senator Tommy Tuberville CONFIRMS they spend our Social Security, “It’s all a scam — what happens, it comes up here, we spend it. This is all a scam. I mean, we got people that’s getting ready to retire that’s gonna try to live off $2k-$3k, Impossible. It’s impossible. Because what happens, it comes up here, we spend it. We’re $35 trillion in debt. We don’t have any money. We’re dead broke. And then taxpayers have $2 trillion in credit card debt. We are in huge trouble. In this body, we had better start figuring that out because we’re gonna have a run on this city here soon, and there’s gonna be about a 150 million people coming up here saying, where’s our damn money that we paid in?”

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TUES. 3 DEC. 2024 GEOPOLITICAL UPDATE: THE CALM BEFORE THE STORM …Gitmo TV on Telegram

The world is standing on the precipice of history. With the global economy teetering on the edge of collapse and election fraud rampant across nations, brace yourselves for an Earth-shattering series of events that will shake the foundations of the global elite. Here’s what’s coming:

MARK YOUR CALENDARS: Global Emergency Broadcast System (EBS) Alerts: Prepare for worldwide alerts starting Friday and Saturday, December 6-7, followed by an unprecedented global communication blackout for 10 days. This “Ten Days of Darkness” begins Sun. 8 Dec. and ends Wed. 18 Dec.

A Financial Collapse Like No Other: A global financial crisis is expected to unfold between Tuesday and Wednesday, 17-18 Dec. The old system is crumbling under the weight of its own corruption, and a new system is poised to rise from the ashes.

The Reckoning Has Begun: As these operations unfold, the world’s most vile elites are being dragged into the light, stripped of their power, and held accountable for decades of unspeakable chaos.

BRICS: THE CATALYST FOR THE New World Order: On Thursday, December 7, the BRICS nations unveiled their long-awaited global currency reset—a move that is already sending shockwaves through the global financial system. The old dollar-dominated system is collapsing, and the BRICS alliance is leading the charge to redefine the rules of international trade and power.

MONEY IS MOVING — BUT THEY DON’T WANT YOU TO KNOW

Top-Level Payments Initiated: Bondholders at Tiers 1 and 2 have already received their funds.

Secrecy Shrouds the Process: Non-Disclosure Agreements (NDAs) have been enforced to prevent the public from realizing what’s happening. The elites don’t want you to know that their grip on the financial system is slipping.

It’s Almost Your Turn: Tiers 3 and 4a/b (including the Internet Group) are expected to receive notifications to schedule redemption appointments at any moment. Your time is coming. Stay ready.

Red full post here:  https://dinarchronicles.com/2024/12/05/restored-republic-via-a-gcr-update-as-of-december-5-2024/

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

Walkingstick  Back in 2003 the reason why the auctions were put in was to stabilize the exchange rate of the Iraq dinar but it didn't work because of the thievery and stealing.  So we gave them the US dollar in order to do this but once again it got out of control.  Now on December 31 of this year these auctions are going to die...What will they use to maintain their currency stability?  IMO exactly what they've been teaching them...A basket of foreign currencies with a new exchange rate where the IQD will be paired against other foreign currencies, which they have already admitted to that they have...It means their currency will now be convertible in that basket with no restrictions...What would be an example of all of this?  The new lower notes.

Frank26  Question "Will there be taxes?  37% on short term - 20% on long term?" Yeah, that's about right,  somewhere in that ball park.  Ask a professional because I certainly don't know the exact tax code... Question "We had currency for a year or more and we decided to buy more, will we still have to pay 40%?"  Yes, every time you buy whatever you buy, your receipt verifies your time frame.  That's why your receipt is so important.  If you're ever audited you need to prove your time frame.  [Dinar Guru Note:  Consult your tax professionals to determine the right tax for your unique circumstances.]

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IQD Rate | BRICS Currency | Tariffs | Gold | Syria

Edu Matrix:  12-5-2024

IQD Rate has returned to normal. What a 100% tariff threat means and buying gold to secure yourself and your family, as well as the crisis in Syria. How Iraq and Russia play into the conflict.

https://www.youtube.com/watch?v=uJ1ZwtiTwmQ

Seeds of Wisdom RV and Economic Updates Thursday Morning 12-05-24

Good Morning Dinar Recaps, 

MISSOURI BILL WOULD BAN CBDCS, MAKE GOLD AND SILVER LEGAL TENDER

Missouri lawmakers have been trying hard to pass an anti-CBDC bill, and one of these days, they may succeed.

Attempts continue in the US state of Missouri to prohibit the potential use of central bank digital currencies (CBDCs). The state has seen several bills this year to stave off the digital currency, which does not currently exist in the United States.

Bullion yes, CBDC no

Republican Senator Rick Brattin pre-filed Senate Bill (SB) 194 on Dec. 1. The bill introduces changes to state law that would prohibit public entities from accepting a CBDC or participating in any testing of a CBDC. It also changes the definition of money in the state’s Uniform Commercial Code (UCC) to exclude CBDCs.

In addition to the provisions on CBDCs, the bill would require the state treasurer to keep at least 1% of state funds in gold and silver. It would also exempt the sale or exchange of gold and silver from the state capital gains tax and make gold and silver legal tender.

“The act declares that gold and silver shall be accepted as legal tender at their spot price plus market premium […] in the state of Missouri. Costs incurred in the course of verification of the weight and purity of any gold or silver […] shall be borne by the receiving entity.”

Massive legislative anti-CBDC push

The bill’s provisions on CBDC are similar or identical to those in other bills introduced in Missouri earlier this year.

SB 1352 would make numerous changes to the state UCC, including a prohibition on CBDCs. It is still in committee. House Bill 2780 would also ban CBDCs and affect a variety of commercial transactions. It passed a House vote and has been forwarded to the state Senate.

SB 826 concerned CBDCs alone and failed to pass. SB 736 and its companion bill in the state House of Representatives concerned CBDCs and gold and silver and failed to pass. Brattin had previously introduced SB 866, which contained substantially identical provisions with differences in wording. It died in committee.

Anti-CBDC legislation is being passed in an increasing number of US states. Louisiana and North Carolina have passed laws to that effect in recent months.

The struggle against CBDC has been taken up on the national level as well. The US House of Representatives passed the CBDC Anti-Surveillance State Act on May 23.

@ Newshounds News™

Source:  CoinTelegraph

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BITCOIN ENDORSED BY US FED CHAIR POWELL AND RUSSIA’S PUTIN IN HISTORIC SHIFT

In an unprecedented turn of events, Bitcoin received endorsements from two of the world’s most influential leaders yesterday. US Federal Reserve Chair Jerome Powell and Russian President Vladimir Putin independently acknowledged the cryptocurrency’s growing significance during separate events on December 4, 2024. Their remarks signal a potential paradigm shift in the global financial landscape, as Bitcoin continues to gain mainstream acceptance.

Jerome Powell Compares Bitcoin To Gold

During the New York Times DealBook Summit, Jerome Powell engaged in a  conversation with Andrew Sorkin about the role of cryptocurrencies in the banking system. When questioned about Bitcoin’s rising prominence and talks in Washington about creating a strategic BTC reserve, Powell outlined the Federal Reserve’s perspective.

“From the jobs that we have, what’s relevant is really two things,” Powell said. “One is just, you know, what role should crypto assets be allowed to play in the banking system. We try to keep the banking system safe and sound. We regulate and supervise banks, and we would want the interaction between the crypto business and the banks to not threaten the health and wellbeing of the banks.”

Powell added that the other task of the US Federal Reserve is consumer protection. “We would want the public to know crypto products and things like that. There’s sort of a consumer protection aspect of it. They need to understand exactly what it is. But we don’t regulate it directly and we don’t have that big of a role.”

When asked if he would ever own Bitcoin himself, Powell succinctly replied, “I’m not allowed to.”

Sorkin then suggested that BTC might symbolize people’s faith—or lack thereof—in the US dollar or the Federal Reserve. Powell responded by likening Bitcoin to a traditional store of value: “I don’t think that’s how people think about it. I mean, people use Bitcoin as a speculative asset, right? It’s like gold.

It’s just like gold, only it’s virtual. It’s digital. People are not using it as a form of payment or as a store of value. It’s highly volatile. It’s not a competitor for the dollar. It’s really a competitor for gold. You know, that’s really how I think of it.”

Vladimir Putin Highlights Bitcoin’s Resilience

On the same day, President Vladimir Putin spoke at the Russia Calling forum, where he discussed the diminishing dominance of the US dollar and the rise of alternative financial instruments. Putin emphasized the inevitability of new technologies like BTC in reshaping the global economy.

“The use of the dollar as a world currency gives the US a lot of money,” Putin stated. “Thanks to the dollar, the US continues to exploit other economies of the world for their benefit.

One thing is to prohibit the use of dollars and the other thing is not to use it. That is why we see (economic) processes with the use of other instruments.”

He pointedly added, “For instance, who can ban Bitcoin? Nobody. And who can prohibit the use of other electronic means of payment? Nobody. Because these are new technologies.

And no matter what happens to the dollar, these tools will develop one way or another, because everyone will strive to reduce costs and increase reliability.”

Putin also commented on the global shift away from the dollar: “Even the countries that are allies of the US reduced their currency reserves in dollars and in euros.”

Reactions From Community

The endorsements from Powell and Putin sparked immediate reactions from prominent figures in the cryptocurrency space. Vijay Boyapati, a former Google engineer and author known for his book The Bullish Case for Bitcoin, took to X to express his thoughts: 

“Jerome Powell calling Bitcoin digital gold is the biggest endorsement of Bitcoin yet, if you understand where financial power lies. Bigger than Fink or even Trump.”

David Bailey, CEO of BTC Inc and advisor to former President Trump’s team—who was instrumental in turning Trump pro-Bitcoin —also weighed in via X: “The Bitcoin Space Race is here. […] It couldn’t be more clear what’s happening. It must be a national priority to stand up the Strategic Bitcoin Reserve in the first 100 days of the Trump admin. We need an aggressive plan to grow USA’s proportional ownership of the Bitcoin supply.”

@ Newshounds News™

Source:  Bitcoinist   

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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“Tidbits From TNT” Thursday Morning 12-5-2024

TNT:

Tishwash:  Parliament session agenda for Thursday

The House of Representatives will hold a regular session tomorrow, Thursday, in which it will read the second reading of the amendment to the financial budget law for the years {2023, 2024 and 2025).

Reading verses from the Holy Quran

First: Voting on the draft law of the National Intelligence Service. Security and Defense Committee. Article 36 (The National Intelligence Service. Affairs).

Neutrality Second: Voting on the proposed law amending the first law of Passports Law No. 32 of 2015. (Security and Defense Committee) (5) Article).

Third: Report and discussion of the second reading of the draft law amending the first law of the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023 - 2020 - 2025) No. (13) of 2023. Finance Committee). 2024

Fourth: Report and discussion of the second reading of the draft law amending the fifth amendment to the Civil Aviation Law No. 148 of 1974. (Transport and Communications Committee).   link

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Tishwash:  Government advisor: The budget is hedged by the oil price at $70 and the deficit is 64 trillion dinars

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Wednesday, that "the federal general budget No. 13 for the year 2023 (the three-year budget) is hedged by the price of a barrel of oil at $70.

Saleh told Al Furat News Agency, "Any increase in oil prices, assuming fixed production and export quantities, will lead to reducing the hypothetical budget deficit gap of 64 trillion dinars."

He  explained that "despite the above, reducing Iraq's share of production within OPEC + is supposed to remove any potential glut in the supply of crude oil in the energy market, which leads to prices being higher than what is estimated in the budget and may even compensate for the shortfall in the quantities of oil produced that were reduced at the same time."

The House of Representatives is scheduled to begin its session tomorrow, Thursday, with the second reading of amending the three-year budget law.

Prime Minister Mohammed Shia al-Sudani, during his hosting of today's session, called on the House of Representatives to expedite amending the budget law. link

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Tishwash:  The Finance Committee decides to host Taif Sami to complete the amendment of the budget law

On Wednesday, the Finance Committee held a meeting at its headquarters to discuss the report on the draft law amending the second amendment to the Federal General Budget Law for the years 2023 - 2024 - 2025, No. (13) of 2024.

A statement by the committee stated that the meeting was held in the presence of its chairman and all members, and began by emphasizing “the exceptional efforts made by the committee to amend the budget items related to the costs of producing and exporting oil from the Kurdistan Region and the obligations associated with them.”

The statement added that the committee chairman "stressed the importance of setting applicable provisions and obligating the relevant authorities to implement them, while pointing out the need to obtain clarifications from the Ministry of Finance regarding the mechanism for financing the amounts and financial allocations."

According to the statement, the committee discussed the draft report of the second budget amendment law, reviewed and approved members’ comments, and held detailed discussions on how to calculate production and transportation costs, appropriations and contracts, in addition to the mechanism for managing accounts. 
 
The Finance Committee decided to host the Ministry of Finance to complete the procedures related to amending the law, while the meeting discussed the committee’s report on hosting the Ministry of Oil and the results drawn from this hosting.  link

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Mot . Finally! - MY Day!!! 

Mot: Earl and the vacuum

More News, Rumors and Opinions Wednesday PM 12-4-2024

Ariel:  Breaking News…

And So It Begins (For Real This Time)

For those who have always been confused by the “So It Begins” Mr. Pool images with the multi colored mountain Ice caps.

Ripple, the company behind XRP, has partnerships with financial institutions globally. If South Korea’s situation leads to a need for more efficient cross-border payments, Ripple’s technology could see increased adoption.

Political instability or emergency measures like martial law can lead to increased market volatility. Investors might turn to cryptocurrencies like XRP as a hedge against uncertainty.

South Korea is known for being one of the more crypto-friendly countries. Any emergency economic measures might include or affect cryptocurrency regulations, potentially boosting XRP if Ripple’s efforts in regulatory compliance are seen favorably.

Many people do not understand. XRP is positioned as a bridge currency for cross-border payments, directly challenging traditional banking systems. Its rise could lead to significant shifts in how countries handle international trade and currency reserves.

Think about it. In general If there was a significant shift in the cryptocurrency market, especially with a major asset like XRP, leading to financial instability or a perceived threat to the national economy, a government usually considers drastic measures.

If South Korea is integrating blockchain technology like XRP into its financial system, such rapid changes could cause market instability, prompting drastic measures to maintain control. But ofcourse mainstream news will not tell you this. But the signs are there.

The declaration of martial law could be aimed at mitigating potential unrest related to a sudden shift in financial systems or the collapse of legacy systems tied to the rise of cryptocurrencies like XRP. Which we are all witnessing at this very moment.

https://dinarchronicles.com/2024/12/04/ariel-prolotario1-and-so-it-begins-for-real-this-time/

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

Militia Man  Article quote: "There is a serious keenness to show the image of a bright strong disciplined state in front of other countries and other people."  They're going to stand up and be proud.  I think when they showcase their new currency, their real effective exchange rate and all the things that they've accomplished in the last few years...they're going to have a lot of people from other countries and other peoples of the world being congratulatory...

Mnt Goat   ...Remember there must be a Stable and Secure Iraq in order to conduct this process of deleting the zeros... Oh… and we know what the final outcome of this project is and it will lead to the reinstatement...It is early December and my CBI contact told me the committee in charge of this rollout of the newer lower denominations is still planned for soon.

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GOLD To Play Major Role in 'Stealth' Monetary Reset: Andy Schectman

Commodity Culture:  12-4-2024

Andy Schectman is seeing signs that plans for a monetary reset involving gold as a key component are underway, and this new system could be tied into both a BRICS currency and a Central Bank Digital Currency backed by physical metal.

Andy also discusses President Trump's hard line against BRICS nations trying to operate outside the US dollar, whether the stated gold reserves in America are really there and much more.

00:00 Introduction

 00:40 Trump's 100% BRICS Tariffs

04:52 How Much Gold Does the US Really Own?

09:51 Canada Has Zero Gold Reserves

11:48 Is Crypto Eating Gold's Lunch?

18:05 Tokenization of Gold and Silver

28:08 Would Peace Be Bearish for Gold?

30:07 Crackdown on Free Speech

37:55 China's Massive Gold Discovery

https://www.youtube.com/watch?v=31re-AIN9hU

Seeds of Wisdom RV and Economic Updates Wednesday Evening 12-04-24

Good Evening Dinar Recaps,

FED CHAIR POWELL VIEWS BITCOIN AS DIGITAL GOLD, NOT A DOLLAR COMPETITOR

Powell reiterated his remarks on Bitcoin being used solely for speculative purposes, not being a competitor for the US dollar.

The Federal Reserve Chairman Jerome Powell dismissed the notion of Bitcoin as a replacement for the U.S. dollar, instead framing the leading crypto as a speculative asset comparable to gold.

Powell shared his insights during an appearance at The New York Times DealBook Summit in Manhattan, emphasizing Bitcoin’s volatility and limited use as a form of payment or store of value.

According to Powell:

“It’s just like gold, only it’s virtual… It’s very volatile, it’s not a competitor for the dollar, it’s really a competitor for gold. That’s how I think of it.”

Powell’s comments come amid heightened speculation about Bitcoin’s growing influence in global finance. Crypto recently achieved a market capitalization of $1.92 trillion, surpassing silver, valued at $1.75 trillion, to become the world’s eighth most valuable asset. However, it remains far behind gold, which holds an estimated market value of $18 trillion.

This is not the first time Powell has used this comparison to address Bitcoin. In 2021, the Fed chair said that crypto is not useful as a store of value due to its intrinsic volatility, with Bitcoin being “essentially a substitute for gold, rather than for the dollar.”

Under President Joe Biden’s administration, the Fed is accused of being pivotal in Operation Chokepoint 2.0, an alleged plan to hinder the progress of the US crypto industry.

In August, following a Fed mandate directed at crypto-friendly Customers Bank urging tighter risk management and compliance measures, Gemini co-founder Tyler Winklevoss stated that the initiative “is alive and well.”

DeFi as ally
Despite Powell’s conservative tone toward Bitcoin and crypto as an asset class, Fed Governor Christopher J. Waller recently praised DeFi as an ally.

At the Vienna Macroeconomics Workshop on Oct. 18, Waller argued that intermediaries are still fundamental for the financial markets. However, he acknowledged that DeFi applications presented technologies that offer efficiency to traditional financial instruments.

He recognized the benefits of distributed ledger technology (DLT), tokenization, and smart contracts, which can enhance the speed and accuracy of financial transactions.

Moreover, Waller recognized at The Clearing House Annual Conference 2024 on Nov. 12 that central bank digital currencies (CBDC) are not helpful for payments, questioning whether the payments system has a problem that CBDCs could solve.

@ Newshounds News™

Source:  Crypto Slate

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RIPPLE’S RLUSD STABLECOIN SET TO LAUNCH TODAY, WHAT’S NEXT FOR XRP?

The highly anticipated launch of Ripple’s dollar-pegged stablecoin, RLUSD, is expected to take place today, December 4, 2024. However, Ripple is reportedly awaiting approval from the New York Department of Financial Services, according to local media reports.

What is RLUSD?
Ripple USD (RLUSD), a 1:1 USD-backed stablecoin, offers transparency and stability on the XRP Ledger and Ethereum. With the launch of RLUSD, Ripple aims to leverage both its stablecoin and native token, XRP, to enhance its cross-border payment solutions.

At present, Ripple Labs has warned investors and institutions to avoid engaging with any token claiming to be RLUSD or Ripple USD before its official launch to prevent falling victim to scams. Despite this warning, RLUSD is currently listed on the cryptocurrency data platform CoinGecko.

Since August 2024, Ripple has been beta testing its RLUSD stablecoin on the XRP Ledger (XRPL) and Ethereum’s mainnet. The firm has shared plans to gradually expand RLUSD to more blockchains and DeFi protocols in the future.

Will RLUSD Impact XRP Price?
Despite the RLUSD launch, Ripple’s native token XRP, has already gained significant attention over the past week. Furthermore, experts anticipate a notable upward momentum for XRP once RLUSD becomes available on exchanges.

Currently, XRP is trading near $2.55 and has registered a price decline of 2.55% in the past 24 hours. During the same period, its trading volume dropped by $28%, indicating lower participation from traders and investors amid a bullish outlook.

@ Newshounds News™

Source:  Coinpedia

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THE SURPRISING TRUTH ABOUT BITCOIN GOLD NOBODY TELLS YOU  I  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

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 12-04-24

Good Afternoon Dinar Recaps,

WHY HEDERA STANDS OUT: GOVERNANCE, INSTITUTION-FOCUS, TOKENIZATION, AND MORE—IS HBAR A SLEEPING GIANT?

▪️Hedera has been highlighted as one of the notable institution-focused distributed ledger technologies with incredible use cases.

▪️An analyst has spotted the formation of a golden cross, which could soon send HBAR to $1.

Hedera (HBAR) has been impressive so far, as it prints a staggering 669% surge on its monthly price chart and a 139% surge on its weekly price chart. At press time, the asset was trading at $0.329. However, its 24-hour trading volume has declined by 36%, with $4.6 billion changing hands.

Subjecting Hedera to critical analysis, crypto, and stock rating platform, Weiss Crypto has pointed out that the asset is backed by efficient technology and an evolving ecosystem that makes it exceptional amid competitors.

Firstly, Weiss Crypto highlighted that Hedera is one of the most “notable institution-focused distributed ledger technologies. According to the post, Hedera’s governing council is made up of 32 major financial institutions, including IBM (IBM), Google, Dell (DELL), Boeing (BA), and Deutsche Telekom.

On the blockchain, the platform explained that Hedera’s network is permissioned, unlike the permissionless blockchains. 

This implies that it only facilitates the approval of entities that can become nodes. Additionally, this makes it a perfect match for Real-World Asset (RWA) use cases. The post also highlighted its active involvement in asset tokenization.

Hedera is actively involved in tokenizing assets like commercial real estate, securities, carbon credits, and even diamonds. Through these applications, Hedera is positioning itself as one of the leading players in the adoption of blockchain technology for institutional use.

More About Hedera (HBAR

Hedera is strengthening its position in the Web3 ecosystem by sealing jaw-dropping partnerships and introducing cutting-edge solutions. Recently, NoviqTech strengthened its partnership with Hedera by acquiring an additional 490,622 HBAR tokens for $150,000, increasing its holdings to 1.5 million.

According to NoviqTech’s Chief Executive Officer (CEO) Freddy El Turk, Hedera has extensively contributed to the success of its Carbon Central environmental monitoring platform.

Our growing investment in Hedera is a clear testament to our belief in its transformative potential. Hedera provides the perfect platform to power Carbon Central’s mission of delivering unparalleled transparency and efficiency in ESG compliance and traceability and we look forward to deepening this partnership as we continue to invest in its ecosystem and align our innovative solutions with its cutting-edge technology.

Recently, CNF reported that Hedera has been integrated into the Federal Reserve’s FedNow payment platform via Dropp. As we disclosed, it would facilitate real-time payment with increased security and efficiency.

Ripple has also partnered with Hedera for USD transactions. However, Ripple is waiting for regulatory approval to launch its stablecoin RLUSD. 

Also, there has been growing optimism around the spot HBAR Exchange Traded Fund (ETF) filed by Canary Capital to the U.S. Securities and Exchange Commission (SEC). With the SEC chair Gary Gensler stepping down, this product could be approved and send the price skyrocketing.

According to analysts, HBAR is currently forming a golden cross pattern as its 50-day (SMA 50) trends above the 200-day (SMA 200) simple moving averages. A validation of this thesis could see the asset hitting $1

@ Newshounds News™

Source:  Crypto News Flash

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BRICS NEWS:  BRICS TO ADOPT BITCOIN FOR TRADE SETTLEMENTS?

In a new sit-down interview, BRICS Member Russia’s president, Vladimir Putin, sang praises for the recent growth of the Bitcoin cryptocurrency. Speaking on Russian TV, Putin said that Bitcoin & digital assets will continue to develop.

In the past, the alliance has revealed plans that align with the crypto industry, particularly surrounding its new currency under development. Indeed, BRICS proposed the use of Bitcoin for international payments at its 2024 Summit. Now, one of the bloc’s leaders, Vladimir Putin, says that Bitcoin is inevitable.

When discussing the potential regulation of Bitcoin, Russia’s president rhetorically asks “Who can ban Bitcoin,” before quickly answering “Nobody.” “These are new technologies, and no matter what happens to the dollar, these tools will develop one way or another,” he adds. As the world strives “to reduce costs and increase stability,” in Putin’s eyes, methods like Bitcoin are becoming more popular. This message is also eerily similar to that of the BRICS currency, one set to rival the US dollar upon launch.

The economic alliance has continued to find new ways to promote local currencies through its policies. Moreover, there has been discussion that cryptocurrencies could factor into that in a massive way. Bitcoin could be set to play a big part in the BRICS bloc over the next several years, especially after Putin’s recent comments.

BRICS Member Russia Recognizes Bitcoin and Crypto’s Potential

Furthermore, according to recent reports, digital currencies are now formally recognized as a type of property in international trade settlements. This falls under a new law that has now been approved in Russia by Putin. The president has jumped into the crypto scene by embracing digital assets for trade, including Bitcoin. 

Other members of the bloc: including China and Brazil, have also recently begun backing Bitcoin and crypto. Most notably, a bill was introduced in Brazil to develop a Bitcoin treasury reserve. The bill is currently being reviewed by Brazil’s government.

By establishing a legal framework, Russia’s legislation is expected to accelerate the adoption of digital assets within its financial ecosystem. Putin’s latest comments further reflect Russia’s strategic interest in leveraging Bitcoin for geopolitical and economic advantages.

 During the Ukraine conflict, Bitcoin was utilized to mitigate the impact of Western sanctions. Russia is also in talks to digitalize the Ruble on the XRP Ledger.

In the future, the digital asset industry, led by Bitcoin, will likely shake up the BRICS bloc and how it sees trade. As a result, de-dollarization could see a new level brought by cryptocurrency.

@ Newshounds News™

Source:  Watcher Guru

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TOP 5 REASONS TO INVEST IN IRAQI DINAR RIGHT NOW  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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How BRICS+ and Trump’s Policies Shape My GCR Prediction for 2025

How BRICS+ and Trump’s Policies Shape My GCR Prediction for 2025

Awake-In-3D  December 3, 2024

What happens when Trump’s America First agenda collides with BRICS+ monetary strategies?

The global financial system stands at a crossroads. With Donald Trump’s return to the presidency in 2025 and BRICS+ nations advancing gold-backed alternatives, the stage is set for a transformative shift in the world’s monetary order.

My GCR prediction for 2025 highlights how Trump’s America First policies and BRICS+ initiatives are reshaping the dollar’s role in global trade. Together, these forces signal the dawn of a decentralized, asset-backed economy, challenging the dominance of the US dollar and redefining the global financial landscape.

The Trump 2.0 Shockwave: Tariffs and Reshoring in 2025

President Trump’s second term ushered in sweeping changes to America’s economic and trade policies. Massive tariffs on imported goods targeted reducing the longstanding US trade deficit. At the same time, government departments, led by the newly created Department of Government Efficiency (DOGE), began slashing federal spending in areas seen as wasteful. These changes sought to make the US more self-reliant and reduce its dependence on foreign economies.

However, the consequences of these policies extend far beyond US borders. By curbing imports and reducing the flow of dollars into global markets, Trump’s actions inadvertently exacerbate a looming problem: the world’s excessive reliance on the US dollar. With fewer dollars circulating internationally, trade settlement became more cumbersome, creating pressure on other nations to find alternatives.

The Trump Administration’s combative stance against globalism and its emphasis on “America First” pushes foreign investors to reconsider US economic stability. In this environment, a coalition of emerging economies, led by BRICS+ (Brazil, Russia, India, China, South Africa, and new members), began accelerating their efforts to establish a multipolar monetary order.

BRICS+ and My GCR Prediction for 2025

For decades, BRICS nations have sought to reduce their reliance on the US dollar, often citing concerns over America’s ability to weaponize its currency through sanctions and financial restrictions. Under Trump’s leadership, these concerns deepen, leading to the creation of gold-backed digital currencies and a push for trade in national currencies.

China, the largest economy within BRICS, leads this movement. In partnership with Russia, it launched a gold/oil-backed offshore yuan, providing an alternative to dollar-based trade. This digital currency is rapidly gaining traction among BRICS nations and their trading partners, offering stability and security in a time of economic turbulence.

Additionally, BRICS+ has expanded its currency basket to include other major players, such as Saudi Arabia and the United Arab Emirates, which have shown interest in gold-linked financial systems. This marks a dramatic shift in global finance, as countries that once relied on the dollar for trade and reserves now look to alternatives rooted in tangible assets.

Key Drivers of My GCR Prediction for 2025

The convergence of Trump’s isolationist policies and BRICS+ initiatives creates a convergence of forces for the GCR. The dominance of the dollar, already undermined by years of quantitative easing and ballooning US debt, faces significant challenges from a decentralized and asset-backed monetary order.

One key driver of the GCR prediction for 2025 is the growing use of gold-backed digital currencies. These instruments blend the stability of gold with the efficiency of blockchain technology, making them ideal for international transactions. Their adoption is particularly rapid in energy markets, where oil-exporting nations like Saudi Arabia begin pricing crude in currencies other than the dollar.

As confidence in the dollar wanes, countries diversify their reserves, shifting from US treasuries to gold and other hard assets. This trend is amplified by Trump’s policies, which push foreign investors to reconsider US economic stability.

The Role of Currency Revaluation (RV)

A GCR prediction for 2025 will present a Revaluation of Currencies (RV) to reflect the new monetary realities discussed above. BRICS+ nations will recalibrate their exchange rates to account for their increased reliance on gold-backed systems. This will lead to significant shifts in global trade balances, as countries with strong commodity reserves gain leverage over traditional fiat economies.

For the US, the RV presents a double-edged sword. On one hand, the weakening of the dollar makes American exports more competitive, aligning with Trump’s goal of reshoring production. On the other hand, it diminishes the dollar’s purchasing power, leading to higher costs for imported goods, fueling domestic inflation and result in a significantly reduced US Dollar exchange rate against emerging market sovereign currencies.

Winners and Losers in My GCR Prediction for 2025

As the GCR unfolds, certain actors stand to benefit more than others:

• BRICS+ Nations: By diversifying their reserves and adopting gold-backed currencies, these countries gain greater control over their economic destinies. Their collaborative efforts position them as leaders in the post-dollar era.

• Gold and Crypto Markets: The demand for gold-backed digital currencies and stablecoins skyrockets, with the crypto market projected to surpass $10 trillion. These assets offer a safe haven for investors seeking refuge from fiat volatility.

• US Exporters: The dollar’s decline makes American goods more affordable on the global market, spurring a resurgence in domestic manufacturing.

Conversely, countries heavily reliant on dollar-based trade face significant challenges. Many emerging markets grapple with higher debt servicing costs as the dollar’s value fluctuates, creating economic instability in the short term.

The Bottom Line for My GCR Prediction for 2025

Trump’s second term accelerates the decline of the US dollar’s dominance, but it also catalyzes a broader transformation of the global monetary system. As BRICS+ nations lead the charge toward a decentralized and asset-backed economy, the world is witnessing the most significant Global Currency Reset in modern history.

The implications are profound, not only for the dollar but for the entire global financial landscape. While the transition is likely to be turbulent, it offers an opportunity to create a more balanced and resilient monetary order—one that reflects the multipolar realities of the 21st century. It will also generate significant exchange rate differential opportunities against countries still using pure fiat currencies.

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© 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

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https://ai3d.blog/how-brics-and-trumps-policies-shape-my-gcr-prediction-for-2025/

BRICS is Moving Forward to Create Dollar Alternative

BRICS is Moving Forward to Create Dollar Alternative

Gregory Mannarino:  12-3-2024

In a dramatic assertion, former President Donald Trump recently warned that the emerging economic alliance of BRICS nations—Brazil, Russia, India, China, and South Africa—poses a substantial threat to the dominance of the U.S. dollar.

Speaking at an event, Trump’s fiery rhetoric emphasized a growing urgency in response to BRICS’ ambitious plans to develop an alternative to the dollar for international trade.

BRICS, formed as a coalition of rapidly developing economies, has been making headlines for its efforts to redefine the global financial landscape. With its members representing over 40% of the world’s population and approximately 25% of global GDP, the bloc is increasingly seen as a formidable economic powerhouse.

Over the past few years, BRICS nations have been robustly advocating for a diversified monetary system, one that could potentially bypass the dollar, thereby altering the way international trade and investment are conducted.

Trump’s warning comprehensively reflects concerns within U.S. financial and political circles. The U.S. dollar has maintained its status as the world’s primary reserve currency for over seven decades, a position that has allowed the United States to exert significant influence over global trade and finance.

 A shift away from the dollar towards a multi-currency system could undermine American economic power, lead to inflationary pressures, and affect the ability of the U.S. government to finance its debt.

Economists have highlighted that if BRICS successfully establishes a viable alternative currency for trade, the ramifications could be profound. Countries may pivot away from dollar-denominated transactions, reducing demand for the currency. This scenario could lead to a decline in the dollar’s value and economic instability that could ripple worldwide.

Trump’s remarks underscore a broader narrative being shaped not only among his supporters but also among some policymakers who see the BRICS initiative as a strategic challenge to U.S. hegemony. His use of the phrase “All hell to pay!” reflects a staunch belief that the U.S. must not only recognize these developments but also take proactive measures to maintain its economic leadership.

In light of these developments, discussions surrounding U.S. foreign policy, trade agreements, and economic strategies are likely to come to the forefront. Lawmakers may face pressure to reassess relationships with BRICS countries and explore ways to bolster the dollar’s position globally.

In response to concerns like those expressed by Trump, BRICS nations continue to advance discussions regarding a common currency and the concept of trade in local currencies. Their recent meetings have underscored a commitment to engineering a financial framework that diminishes dependency on the dollar. This direction could potentially revolutionize how countries interact financially on the world stage.

As BRICS moves forward with practical steps to establish this alternative framework, it is evident that the geopolitical landscape is evolving. In a world increasingly characterized by multipolarity, the U.S. must navigate these challenges deftly to sustain its influence.

Trump’s warning encapsulates an evolving reality where traditional power dynamics are being challenged. The BRICS alliance could be a pivotal player in this transformation, igniting discussions on economic sovereignty and national security.

As the global financial architecture continues to change, the United States faces critical decisions on how to respond to emerging threats, ensuring its dollar remains at the forefront of international commerce.

The next few years will be crucial in determining the future of the dollar and the potential reshaping of global economic norms.

https://youtu.be/OGHgi8jjGjQ

Seeds of Wisdom RV and Economic Updates Wednesday Morning 12-04-24

Good Morning Dinar Recaps, 

CRYPTO COMPLIANCE ‘NO LONGER OPTIONAL’ UNDER AUSTRALIA’S NEW DRAFT GUIDELINES

Sweeping proposed changes would force most crypto firms in Australia to obtain financial licensing, which some worry could drive innovators offshore.

Crypto exchanges and firms dealing with digital assets in Australia would no longer be able to avoid costly licensing under proposed guidance from the country’s corporate regulator.

On Dec. 4, the Australian Securities and Investment Commission (ASIC) released a consultation paper on proposed guidance for crypto, placing many digital assets under the category of financial products requiring in no uncertain terms that most firms dealing in crypto must be licensed.

“It’s a bit of a wake-up call,” Kate Cooper, CEO of Australia and head of APAC at the Standard Chartered-backed crypto custodian Zodia Custody told Cointelegraph.

“Compliance really is no longer optional for the industry, and a lot of the players, both local and international [...] are going to have to really look at and take an audit of what they’re doing from a custody and compliance management perspective.”

In Australia, businesses offering financial services and dealing in financial products need an Australian Financial Services License (AFSL), while platforms facilitating the trading of financial products may also need an Australian Market License.

The new guidance would require crypto exchanges and many other crypto firms to get one or both licenses.

Some worry that ASIC’s draft guidance could hang crypto startups out to dry and cause an exodus of crypto firms from the country.

“Obviously, the bigger businesses will be better able to withstand all of that regulation, all of that legal cost, compliance cost that is associated with it. Smaller businesses may struggle,” Liam Hennessy, a partner at Clyde and Co law firm and adjunct professor at the University of Sydney, told Cointelegraph.

Joni Pirovich, a crypto lawyer, wrote on LinkedIn that the updated guidance will make launching in Australia “on par or more expensive than launching offshore.”

“From a timing perspective, Australian innovators that want to launch now will likely do so offshore. Those that are based here face a significant step up in compliance costs,” she wrote.

Block Earner co-founder and CEO Charlie Karaboga, who was sued by ASIC for offering an unlicensed crypto-yield product in 2022, said it was an “amazing direction around clarity” but shared concerns about his business, which has just 13 employees, according to Pitchbook.

“I think ASIC underestimates the requirements needed to be met for an AFSL,” Karaboga told Cointelegraph, adding that firms need to hold millions of dollars on their balance sheets.

“Asking us to hold that much money basically could kill all the startups like us.”

“What’s clear is that this guidance will have significant implications for pockets of the local crypto industry,” Swyftx CEO Jason Titman said in a statement sent to Cointelegraph. “We’re not aware of any other countries that regulate exchanges like bourses. Rightly or wrongly, Australia is going it alone.”

ASIC provides much-needed crypto clarity
The silver lining, according to the executives, is that the regulator has finally released much-needed clarity for crypto — even if it is harsh.

“It is a significant piece of regulatory guidance to the market,” said Hennessy. “Anything which gives regulatory clarity is a good thing for the market.”

ASIC is considering a significant expansion of what it considers a financial product or service, including stablecoins, native token staking services, exchange tokens and wrapped tokens.

On the other hand, memecoins, gaming-linked NFTs, Bitcoin  and Ether may be able to escape the classification.

“I think it is quite an expansive view that has been taken as to what constitutes a financial product in the market,” said Zodia’s Cooper.

ASIC has invited feedback on the proposed updates until Feb. 28, 2025.

“We want to promote the growth of responsible financial innovation while ensuring consumer protection,” ASIC Commissioner Alan Kirkland said in a statement. “A well-regulated financial system benefits everyone in the community as it supports consumer confidence, market integrity and facilitates competition and innovation.”

“We encourage all stakeholders to engage with the consultation process,” he added.

A final version of the guidance is expected to come in mid-2025 after considering the feedback.

@ Newshounds News™

Source:  CoinTelegraph

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XRP LAWSUIT NEWS: CAN GENSLER’S REPLACEMENT PAUL ATKINS DISMISS RIPPLE CASE?

▪️Paul Atkins Appointed SEC Chair: Trump selects pro-crypto figure Paul Atkins as SEC chair, sparking debate on his impact on crypto regulation.

▪️XRP Lawsuit Update: Ripple’s legal battle continues as the SEC appeals the ruling, while Paul Atkins' appointment raises questions on crypto policy.

President-elect Donald Trump has chosen Paul Atkins, a pro-crypto figure, to chair the Securities and Exchange Commission (SEC), according to reports by Unchained. 

Current SEC Chair Gary Gensler announced he will step down on January 20 when Trump is inaugurated. Atkins, who served as an SEC commissioner under President George W. Bush, is well-respected in conservative legal circles and among the Republican establishment.

One major case before the federal courts is the ongoing Ripple (XRP) lawsuit, in which the SEC claims Ripple violated securities laws by issuing XRP. 

In July 2023, Judge Analisa Torres ruled that XRP was not a security when sold to retail investors on exchanges but was a security in institutional sales.

The SEC initially sought a $2 billion fine against Ripple but was instead given a $125 million penalty. In October 2024, Judge Torres rejected the SEC’s request to appeal, saying they didn’t have strong enough reasons. Despite this, the SEC appealed to the Second Circuit Court, arguing the decision went against Supreme Court rulings.

‘Paul Atkins is not what Trump Needs’

John Deaton recently explained that Paul Atkins would be a very traditional choice, one that Wall Street would likely approve of. He stated that Atkins is someone who respects the SEC and its staff, but what is truly needed is someone who challenges the SEC’s actions.

Deaton believes the SEC has harmed investors, rather than protecting them, and that a change in attitude is necessary. While Deaton would support Atkins if chosen, he feels he’s not the right fit if President Trump aims to bring change to crypto regulation.

Attorney Jeremy Hogan mentioned the cons of Atkins’ appointment and wrote,

“He won’t be the bull in the china shop many in the crypto space want. He will make measured and deliberate changes. Overall, I give his appointment a B+ for the digital asset industry, and that was good enough to get me a law degree so, yeah!”

FAQs

Who is Paul Atkins and why is he important for crypto regulation?
Paul Atkins is a pro-crypto figure nominated as SEC chair by Trump, potentially influencing crypto policies and regulations.

What happened in the SEC vs Ripple case?
The SEC sought a $2 billion fine against Ripple but was given a $125 million penalty. The SEC continues appealing the decision in higher courts.

@ Newshounds News™

Source:  Coinpedia

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RIPPLE LABS IS ABOUT TO USE XRP TO TURN REAL ESTATE UPSIDE DOWN  |  Youtube

@ Newshounds News™

~~~~~~~~~

IRAQI PARLIAMENT MEETING TURNS INSANE!  |  Youtube  

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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News, Rumors and Opinions Wednesday AM 12-4-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 4 Dec. 2024

Compiled Wed. 4 Dec. 2024 12:01 am EST by Judy Byington

Possible Timing:

At any moment Tiers 3 and 4a/b (including the Internet Group) were expected to receive notifications to schedule redemption appointments. Bondholders in Tiers 1 and 2 have already received their funds, but are under NDAs. …Gitmo TV on Telegram Tues. 3 Dec. 2024

Thurs. 5 Dec: BRICS nations to unveil the Global Currency Reset. …Gitmo TV on Telegram Tues. 3 Dec. 2024

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Global Currency Reset:

Tues. 3 Dec. 2024 Bruce:

We got information over the weekend that we’d be going any day now.

We get our information from five different leaders and they are now under NDAs.

When you access the 800 number you will be transferred to a Redemption Center according to your zip code number.

Redemption Centers have the best rates, so be sure and exchange at a valid Redemption Center, not a bank.

You don’t have to have a Humanitarian Project to get the Contract Rate on the Dinar. Ask for the Contract Rate on the Dinar. It is much better than the front or back screen rates – way higher.

A lot of the Redemption Centers are no longer able to communicate. They had new NDA’s signed yesterday Mon. 2 Dec. and today Tues. 3 Dec. Some Redemption Centers have had their numbers removed.  

Iraq had a new rate on the Dinar last Sun. 1 Dec. 2024.

The entire country of Iraq is now functioning on the lower denoms. They are out and being utilized, with changed prices.

The Dinar rate in Iraq is very good but is supposed to go up tomorrow Wed. 5 Dec. 2024.

We’ve heard from four or five different sources that the new rates are supposed to come out tomorrow Wed. 4 Dec – on the Dinar, Dong, Rupiah, with exchanges on Thurs. 5 Dec.

Mon. 2 Dec. 2024: XRP, NESARA-GESARA, QFS 3.0, and the National Quantum Initiative Act: The Financial Revolution Uncovered! [MUST WATCH] – amg-news.com – American Media Group

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Tues. 3 Dec. 2024 GEOPOLITICAL UPDATE: THE CALM BEFORE THE STORM …Gitmo TV on Telegram

A Financial Collapse Like No Other: A global financial crisis is expected to unfold between Tuesday and Wednesday, 17-18 Dec. The old system is crumbling under the weight of its own corruption, and a new system is poised to rise from the ashes.

BRICS: THE CATALYST FOR THE NEW WORLD ORDER: On Thursday, December 7, the BRICS nations unveiled their long-awaited global currency reset—a move that is already sending shockwaves through the global financial system. The old dollar-dominated system is collapsing, and the BRICS alliance is leading the charge to redefine the rules of international trade and power.

MONEY IS MOVING—BUT THEY DON’T WANT YOU TO KNOW

Top-Level Payments Initiated: Bondholders at Tiers 1 and 2 have already received their funds.

Secrecy Shrouds the Process: Non-Disclosure Agreements (NDAs) have been enforced to prevent the public from realizing what’s happening. The elites don’t want you to know that their grip on the financial system is slipping.

It’s Almost Your Turn: Tiers 3 and 4a/b (including the Internet Group) are expected to receive notifications to schedule redemption appointments at any moment. Your time is coming. Stay ready.

Brace yourselves. The revolution is here. The time for action is now. Stand strong, stay vigilant, and be prepared—because the world as we know it is about to change forever.

Hold the line. The light is breaking through.

Read full post here:  https://dinarchronicles.com/2024/12/04/restored-republic-via-a-gcr-update-as-of-december-4-2024/

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

Militia Man  Article - The private Iraqi banks association met...They've made a decision to stay focused on using electronic payments for even the gas stations.  One of the things that's going to take care of is extracting small category notes off the street...It's working, citizens are opening accounts...

Frank26  Question: "In the past you said if the dinar comes out at $3.22 you'll dump all your dinar in one shot.  Do you still believe that?"  Yeah, because look at my age...This December 20th I'll be 69.  At my age, if it comes out at $3 something, shoot I'm going to exchange all of it because at my age I don't want to wait another year or two to watch it go up.  Why should I gamble for it to go into the four, five or whatever range.  I'm happy with three something.  I'm ecstatic with $3 something because I make money with money.  I don't 'use' money.  If you don't understand that statement then you might be in trouble with your stewardship...

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Why "$9000 Gold Is An ABSURDLY LOW PRICE" - Mike Maloney LIVE at Limitless

Mike Maloney:  12-3-2024

Mike Maloney, bestselling author and expert on precious metals, reveals why he believes that $9,000 per ounce of gold may be an "absurdly low" prediction in the face of unprecedented financial instability.

In this riveting presentation from Limitless, Mike dives into the alarming "hyper bubbles" forming in today's markets, predicting a crash that could dwarf 2008’s financial meltdown.

With political unrest, economic crashes, and even the risk of war looming, Mike explains how savvy investors can protect, profit, and prosper during the chaos.

Don’t miss this eye-opening session, packed with historical insights and essential strategies for thriving in turbulent times.

https://www.youtube.com/watch?v=MtdKlufo3C8

“Tidbits From TNT” Wednesday Morning 12-4-2024

TNT:

Tishwash:  Al-Sudani in Parliament.. The economic file is on the agenda and the numbers "highlight" the reality

Prime Minister Mohammed Shia al-Sudani will be a guest of Parliament today, Wednesday, at his request, for the first time in two years, as he will be under the dome of Parliament for only the second time as Prime Minister after the first time his government won confidence in October 2022, and while this hosting comes at the request of al-Sudani specifically, this means that he has a lot to show before the House of Representatives.

Although the talk about the situation in Syria and security in the region is the most prominent, as official statements say, the statements also indicated that the talk will include the economy, services, and the Sudanese government program.

It is well known that the space of "political bidding" in Iraq, especially in the past few years, is very profitable in the fields of economy and services, because it shows the political forces keen on the interests of citizens and some groups, so it is very expected that the parliament will witness talk and discussion about economic and service issues related to Al-Sudani's government.

Contrary to the sustainable crisis, non-oil revenues compete with oil revenues

When talking about the economy during Al-Sudani’s era, it witnessed many fundamental changes. In fact, some economic indicators were a “permanent blot” on the face of the Iraqi economy for 20 years, specifically non-oil revenues and the percentage they constitute of total revenues.

During the current year and until last September, non-oil revenues constituted 11% of total revenues and amounted to more than 12.4 trillion dinars, while oil revenues constituted 89%.

This percentage is absolutely unprecedented in the past years, when non-oil revenues did not exceed 5% of total revenues at best. In 2023, the percentage of non-oil revenues reached 7%, and in 2022 it reached 5%.

The second most persistent crisis is shaking up... Flared gas is declining

As for the flared gas, which is also one of the biggest economic crises in Iraq, the government has achieved an increase in the percentage of gas invested and stopped the flared gas.

Previously, Iraq was producing 2,700 cubic meters of associated gas per day, investing 1,500 cubic meters of it, and burning 1,200 cubic meters per day. Now, Iraq produces 3,000 cubic meters of gas per day, investing more than 2,000 cubic meters of it per day, and burning only 1,000 cubic meters, which means that the gas investment rate is 66%, while the burned rate is 34%, while in previous years the invested gas rate was between 50 and 55%, and the burned rate was between 50 and 45%.

Iraq exports derivatives, not imports them

In addition, the issue of exporting crude oil and returning to importing fuel and derivatives is one of the most problematic issues that were considered “shameful” for Iraq, as the second largest oil producer in OPEC imports oil derivatives, as Iraq used to import derivatives worth more than $3 billion annually.

Iraq was importing about 15 million liters of gasoline per day, 10 liters of kerosene per day, and about two million liters of kerosene per day.

But within less than two years, Iraq's import of kerosene and kerosene has stopped completely, and Iraq has even started exporting kerosene, while gasoline imports have decreased by about 70% from 15 to only 5 million, and it is hoped that gasoline imports will stop completely starting next year, with the completion of the opening of isomerization units in ongoing projects in some Iraqi refineries.

Years of debts... reduced by half in two years

One of the indicators that also worried Iraq was the debt file, but despite the fact that current and mandatory operating expenses increased significantly during the past two years to reach about 120 trillion dinars annually, and recording an actual deficit rate, the government balanced the borrowing story, so that external debts decreased by half within two years.

While external debt was about $20 billion in 2022, it decreased to about $16 billion in 2023, and recently decreased in 2024 to less than $9 billion.

Unemployment and employment crisis

 The government has also taken pivotal steps regarding the unemployment crisis and the dual pressure on government employment. The legislation of the Social Security and Workers’ Retirement Law is one of the most important factors in the balance between the public and private sectors. From only 19,000 insured workers, the number of workers registered in Social Security and Workers’ Retirement has reached about half a million workers so far.

The measures related to employment and facilitating project support caused poverty rates to drop from 23% to 17.6%, and the unemployment rate dropped from 16.5% to 14.4%, according to the latest survey conducted by the Ministry of Planning, which lasted from mid-2023 to mid-2024. link

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

Tishwah: Iraq's financial revenues exceed 114 trillion dinars in 9 months

The Federal Ministry of Finance revealed, on Wednesday, that the size of Iraqi revenues in the general budget during 9 months of the current year 2024 exceeded 114 trillion dinars, indicating that non-oil revenues amounted to 11%.

Shafaq News Agency followed up on the data and tables issued by the Ministry of Finance in December, for the accounts of January, February, March, April, May, June, July, August and September of the current fiscal year, which showed that oil is still the main resource for Iraq's general budget, reaching 89%, indicating that the rentier economy is the basis of the country's general budget.

The financial tables indicated that the total revenues for the nine months of the current year amounted to 114 trillion, 349 billion, 735 million, 335 thousand, and 311 dinars, indicating that the total advances amounted to 15 trillion, 796 billion, 51 million, 63 thousand, and 162 dinars.

According to the financial tables, oil revenues amounted to 101 trillion, 944 billion, 446 million, and 923 thousand dinars, which constitutes 89% of the general budget, while non-oil revenues amounted to 12 trillion, 405 billion, 292 million, and 412 thousand dinars, which constitutes 11% of Iraq’s general budget.

For his part, economic expert Mohammed Al-Hasani told Shafaq News Agency, "The defect of the Iraqi economy is that it is rentier and depends mainly on oil, and that Iraq has not activated the customs tariff that contributes to raising financial revenues properly."

He added that "attempts to support the agriculture, industry and tourism sectors in order to be a second tributary to oil were timid, and each sector did not contribute more than 4% of the gross domestic product," calling for "activating a number of laws that encourage the local and foreign private sector to enter the Iraqi market, including customs tariff laws, consumer protection and anti-monopoly laws."

In March 2021, the Prime Minister's advisor for financial affairs, Mazhar Muhammad Salih, confirmed to Shafaq News Agency that the reasons for the economy remaining rentier are due to the wars and the imposition of an economic blockade on Iraq during the past era, and the political conflicts we are witnessing today, which led to the dispersion of economic resources.

The continued reliance of the Iraqi state on oil as the sole source of the general budget puts Iraq at risk from global crises that occur from time to time due to the impact of oil on them, which makes the country turn every time to cover the deficit through borrowing from abroad or domestically, and thus indicates the inability to manage the state’s funds effectively, and the inability to find alternative financing solutions.  link

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Tishwah:  On the occasion of World Banking Day.. A call for a comprehensive review of the work of banks in Iraq

The Federal Ministry of Finance revealed, on Wednesday, that the size of Iraqi revenues in the general budget during 9 months of the current year 2024 exceeded 114 trillion dinars, indicating that non-oil revenues amounted to 11%.

Shafaq News Agency followed up on the data and tables issued by the Ministry of Finance in December, for the accounts of January, February, March, April, May, June, July, August and September of the current fiscal year, which showed that oil is still the main resource for Iraq's general budget, reaching 89%, indicating that the rentier economy is the basis of the country's general budget.

The financial tables indicated that the total revenues for the nine months of the current year amounted to 114 trillion, 349 billion, 735 million, 335 thousand, and 311 dinars, indicating that the total advances amounted to 15 trillion, 796 billion, 51 million, 63 thousand, and 162 dinars.

According to the financial tables, oil revenues amounted to 101 trillion, 944 billion, 446 million, and 923 thousand dinars, which constitutes 89% of the general budget, while non-oil revenues amounted to 12 trillion, 405 billion, 292 million, and 412 thousand dinars, which constitutes 11% of Iraq’s general budget.

For his part, economic expert Mohammed Al-Hasani told Shafaq News Agency, "The defect of the Iraqi economy is that it is rentier and depends mainly on oil, and that Iraq has not activated the customs tariff that contributes to raising financial revenues properly."

He added that "attempts to support the agriculture, industry and tourism sectors in order to be a second tributary to oil were timid, and each sector did not contribute more than 4% of the gross domestic product," calling for "activating a number of laws that encourage the local and foreign private sector to enter the Iraqi market, including customs tariff laws, consumer protection and anti-monopoly laws."

In March 2021, the Prime Minister's advisor for financial affairs, Mazhar Muhammad Salih, confirmed to Shafaq News Agency that the reasons for the economy remaining rentier are due to the wars and the imposition of an economic blockade on Iraq during the past era, and the political conflicts we are witnessing today, which led to the dispersion of economic resources.

The continued reliance of the Iraqi state on oil as the sole source of the general budget puts Iraq at risk from global crises that occur from time to time due to the impact of oil on them, which makes the country turn every time to cover the deficit through borrowing from abroad or domestically, and thus indicates the inability to manage the state’s funds effectively, and the inability to find alternative financing solutions.  link

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

Mot: .. ooooh lordy!! --- the Kids these daze!!! 

Mot:  .. Siigggghhhhhh - Maybe Next Year!!!! 

Seeds of Wisdom RV and Economic Updates Tuesday Evening 12-03-24

Good Evening Dinar Recaps,

TRUMP TAPS PAUL ATKINS FOR NEXT SEC CHAIR, MAKING GOOD ON HIS CRYPTO PROMISES

Atkins has been vocal in his support of the industry and was the first libertarian to serve as an SEC commissioner under President George W. Bush.

President-elect Donald Trump has selected the pro-crypto Paul Atkins to chair the Securities and Exchange Commission (SEC), according to three sources familiar with the discussions. 

One source specified that Trump has reached out to Atkins but is waiting on him to accept. By selecting Atkins, Trump is delivering on a promise he made to the crypto community during his campaign.

Spokespeople for Atkins did not respond to immediate requests for comment.

“President-Elect Trump has made brilliant decisions on who will serve in his second Administration at lightning pace,” Trump-Vance Transition Spokeswoman Karoline Leavitt told Unchained. “Remaining decisions will continue to be announced by him when they are made.”

Current Chair Gary Gensler, who announced two weeks ago that he will resign on Jan. 20 when Trump is inaugurated, has made himself a pariah in the crypto industry for pursuing what’s been seen as a policy of regulation by enforcement. 

Atkins will now need to be confirmed by the Senate, unless Trump chooses to pursue a recess appointment while the Senate is out of session.

Atkins served as an SEC commissioner under President George W. Bush and is widely respected in conservative legal circles and amongst the establishment Republican party.

Since leaving the commission he’s become outspokenly supportive of the crypto industry, having co-chaired the Token Alliance at the industry group Digital Chamber of Commerce since 2017.

As founder and chief executive of the consultancy Potomak Global Partners, Atkins has advised digital finance companies on regulatory compliance topics since 2009.

“Senate Republicans really respect the tradition of Commissioner Paul Atkins,” explained George Mason University professor J.W. Verret, who previously served on the SEC Advisory Committee, in a call earlier this month. “He was the first time anyone had been a true libertarian and SEC commissioner, and that was a unique thing.”

The team vetting candidates for the chairperson position reached out to crypto industry leaders two weeks ago asking for their preferences, demonstrating how much Gensler’s unpopularity has figured in Trump’s latest nomination.

Gensler was criticized for not establishing clear rules and guidelines for the crypto industry. 

Under his leadership, the SEC instead pursued a plethora of enforcement actions against crypto companies and protocols, including exchanges, token issuers, and NFT creators, for failing to register with the agency or disclose their work with what the SEC claimed were unregistered securities offerings. 

For his part, Gensler only clarified that he saw Bitcoin as a commodity, insisting that existing securities laws could be applied to other crypto projects, even including ether until the SEC approved spot ether ETFs.

Gensler had also developed a reputation for being difficult to work with. Atkins, by contrast, is known to find a way to retain strong working relationships with people despite ideological disagreements. 

“There was never a commissioner at the history of the commission that was more respectful and thankful of the staff at the commission,” said John Reed Stark, who worked with Atkins at the SEC in 2008.

Seizing upon the industry’s hatred for Gensler, Trump began promising clearer rules for the industry this summer. Framing crypto innovation as a key point of competition between the United States and other countries, Trump promised to make the United States a “world capital” for crypto in part by replacing Gensler. 

He also said that he would appoint an “advisory council” focused on crypto to help him fine-tune policy, and potentially establish a national bitcoin strategic reserve, in part by not selling bitcoin that the government has seized in various financial crimes.

Because of his support for the industry, numerous crypto entrepreneurs donated both cash and crypto to Trump’s campaign. People interested in crypto who prioritized crypto policy in their voting decisions, from industry leaders to retail traders, had also tilted towards favoring Trump in the months leading up to the national election.

@ Newshounds News™

Source:  Unchained Crypto

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FED RATE CUT IN DECEMBER? HERE’S HOW BITCOIN PRICE WILL REACT

▪️The market is anticipating a 0.25% interest rate cut by the US Federal Reserve in December.

▪️A rate cut could boost investor confidence, leading to increased investment in riskier assets like Bitcoin.

▪️The overall economic outlook, especially under a potential Trump presidency, could influence the Fed's decision.

The crypto market is buzzing with anticipation as investors bet that the US Federal Reserve will cut interest rates by 0.25% in December. According to the CME FedWatch tool, the chances of this happening have jumped to 74.5%, up from 66% just a few days ago. What’s driving this growing confidence? If the Fed cuts rates, it would mark the third reduction this year, and it could have major implications for the economy—and for Bitcoin.

What Could a Fed Rate Cut Mean for Crypto?

A rate cut lowers the cost of borrowing for individuals and businesses. When interest rates are lower, loans become cheaper, which can encourage spending and investment. For the stock market and riskier assets like Bitcoin, rate cuts are generally seen as a positive development.

Investors tend to feel more comfortable taking on risks when borrowing costs decrease, making them more likely to invest in assets with higher potential returns, like cryptocurrencies.

Currently, the Federal Reserve’s interest rate is between 4.5% and 4.75%, following two previous cuts this year. Another reduction would signal a more supportive economic environment, which could encourage investors to put their money into riskier assets like Bitcoin.

Experts Weigh In

Marko Papic, Chief Strategist at BCA Research, predicts the US Federal Reserve will cut interest rates in December. He also believes the US dollar may peak by mid-2025, driven by possible economic disappointments under Donald Trump.

At the same time, Federal Reserve officials are hinting at a rate cut. Governor Christopher Waller stated on December 2 that he leans toward supporting a cut, but the decision will depend on upcoming economic data, like inflation and job reports. New York Fed President John Williams has also mentioned that interest rates might be reduced gradually, though he hasn’t specified when this might happen.

Ultimately, the Fed’s decision will depend on the economic performance over the next few weeks.

Could the Rate Cut Fuel Bitcoin?

Bitcoin has already seen impressive growth this year, more than doubling in value. Many analysts are optimistic that Bitcoin could break the $100,000 mark by the end of 2024. With a possible rate cut from the Fed, Bitcoin’s price could continue to rise, benefiting from the increased investor interest in riskier assets.

With Bitcoin on the rise, the stage is set for a thrilling end to 2024, with the Fed’s actions playing a central role.

@ Newshounds News™

Source: Coinpedia 

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CRYPTO EXPERT SHARES TOP BOND INVESTING STRATEGIES | Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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