Seeds of Wisdom RV and Economic Updates Saturday Morning 12-07-24

Good Morning Dinar Recaps, 

FORMER NY FED PRESIDENT ARGUES BITCOIN COULD UNDERMINE USD, SUGGESTS PRIORITIZING REGULATORY FRAMEWORK

Bitcoin has recently surged past $100,000 following Donald Trump‘s election victory. Amidst broader market sentiments, the crypto community eagerly anticipates that Trump administration will prove to be pro-crypto and will stand behind his promise of a strategic BTC reserve for the United States.

Advocates believe it could serve as a hedge against inflation and a diversification tool in portfolios. However, Bill Dudley, former president of the Federal Reserve Bank of New York, has criticized Bitcoin’s role as money, describing its volatility and lack of income generation as its shortcomings.

As per a latest Bloomberg report, Bill Dudley, former president of the Federal Reserve Bank of New York, has expressed concerns over the idea of incorporating Bitcoin into the U.S. national reserves and argues that it would not benefit most Americans. He emphasized that such a move might not align with the nation’s best interests and could divert focus from more inclusive economic policies.

Can Bitcoin Undermine USD’s Status?

He noted that incorporating Bitcoin into the US national reserves could undermine the dollar’s status as the global reserve currency and primarily benefit specific interest groups rather than the broader American public.

Notably, Bill Dudley stated that Bitcoin is a weak asset, noting reasons such as price volatility, lack of widespread acceptance as payment, and slow and expensive transaction processes that make BTC a weak asset.

He also noted the risk of individuals losing access to their Bitcoin holdings and that, unlike traditional financial assets, Bitcoin does not generate income through interest or dividends. “Bitcoin is not connected to any cash flows like interest or dividends, and its price is driven purely by speculative demand,” he explained.

The former Fed chair also noted that the absence of an exit strategy for a Bitcoin reserve would make it a liability. “The government would end up holding tokens that produce no income, offering no real value to the majority of Americans,” he said.

Suggests To Focus On Comprehensive Regulations-

Notably, Dudley argued that creating a Bitcoin reserve for the U.S. would require the Treasury to increase borrowing, raising debt servicing costs or requiring the Fed to print more money, ultimately fueling inflation.

Instead of focusing on Bitcoin as a reserve asset, Dudley has called for the Trump administration to prioritize creating a robust regulatory framework for the crypto industry.

He stressed the need for clear rules to protect consumers, regulate stablecoins, and prevent the use of cryptocurrencies in criminal activities. “Crypto technology has the potential to improve the financial system,” Dudley noted. “However, without strong guardrails, fraud and abuse will continue to undermine trust and hinder progress.”

Market Optimism Prevails
Nevertheless, there is market optimism amidst expectations of a more crypto-friendly administration. Also, the nomination of digital asset-friendly Paul Atkins to chair the SEC provided the final boost as bitcoin surpassed $100,000 to record highs.

Recently, Trump nominated venture capitalist David Sacks as the White House AI & Crypto Czar, who is expected to push Trump’s crypto and AI pro-innovation plans forward.

@ Newshounds News™

Source: Coinpedia 

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GARY GENSLER QUIETLY SETS AGGRESSIVE CRYPTO CRACKDOWN IN MOTION BEFORE LEAVING, WARNS FORMER SEC OFFICIAL

SEC Chair Gary Gensler is orchestrating a last-minute push to cement aggressive crypto enforcement, with secret promotions signaling a looming regulatory crackdown despite leadership changes.

Former SEC Official Warns of Crypto Crackdown Despite Incoming Pro-Crypto Chair

John Reed Stark, former head of the U.S. Securities and Exchange Commission’s (SEC) Office of Internet Enforcement, has highlighted significant developments within the agency that he believes could impact the cryptocurrency sector.

“SEC Chair Gensler pulls off the first reverse Saturday Night Massacre,” Stark wrote in a post on social media platform X on Wednesday, referencing Chair Gary Gensler’s recent moves.

Stark addressed the SEC’s leadership transition and the calculated steps Chair Gary Gensler is taking to solidify the agency’s enforcement priorities before leaving office. “It looks like former SEC Commissioner Paul Atkins will be the next SEC Chair. A phenomenal choice,” he wrote.

Known for his pro-business approach, Atkins is expected to bring a different focus to the SEC. However, Stark pointed out that Gensler has been laying the groundwork to ensure the agency’s crypto enforcement efforts remain robust. “Meanwhile, current SEC Chair Gary Gensler is quietly working behind the scenes to lead the SEC from the grave,” he noted, adding:

Along these lines, Gensler just promoted three of the best, brightest, experienced and most dedicated crypto-enforcement lawyers in SEC ranks to senior executive positions—running the SEC’s Trial Unit and running the SEC’s Crypto Unit.

Although the promotions have not been formally disclosed, Stark claimed they are already finalized. He noted the secrecy surrounding the moves, stating: “Interestingly, the SEC has not publicly announced these promotions and seems to be keeping them quiet (which is unprecedented). But these well-deserved promotions are a done deal.”

Crypto firms, Stark warned, should prepare for intensified regulatory pressure even after Gensler leaves office on Jan. 20. He predicted:

The Stark reality is that it looks like the crypto-fight is on post-January 20th. So get ready for World War III on day one Chair Atkins, because these three crypto-enforcement lawyers, who are now in charge, are some of the best in the business and will not roll over easily.

@ Newshounds News™

Source:  Bitcoin News

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FINANCIAL REVOLUTION 2024: WHAT YOU NEED TO KNOW!  |  Youtube

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Source:  Seeds of Wisdom Team RV Currency Facts

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“Tidbits From TNT” Saturday Morning 12-7-2024

TNT:

Tishwash:  The region's salary crisis is worsening again.. Demonstrations return in Sulaymaniyah

Hundreds of teachers and employees demonstrated today, Saturday (December 7, 2024), in front of the Sulaymaniyah Court, protesting the salary crisis, which has been delayed for the past two months.

Baghdad Today correspondent said, "Hundreds of employees, teachers and instructors demonstrated in front of the Sulaymaniyah court due to delayed salaries, while they demanded an end to this crisis and reaching a final agreement that would lead to the delivery of their salaries without delay  link

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Tishwash:  Source: Iran resumes gas supply to Central Iraq

On Friday, Iran began gradually resuming gas supplies to power plants in central Iraq following the completion of maintenance work on gas transmission lines, a government source revealed.

The source told Shafaq News that electricity supply is expected to improve in the coming hours in central regions, particularly in Baghdad, Wasit, Diyala, parts of Al-Anbar, and other provinces.

The resumption came after a two-week suspension of Iranian gas supplies for maintenance, which had caused the Iraqi national power grid to lose about 5,500 megawatts of electricity, according to the Ministry of Electricity's announcement on November 24.

Notably, Iraq has relied on scheduled power cuts since the 1990s due to chronic electricity shortages. Residents often turn to private generators to fill the gap.

To supplement its needs, Iraq imports 33-40% of its gas and electricity from Iran. However, US sanctions on Iran have complicated payment for these imports, restricting Iran's access to funds for purchasing non-sanctioned goods like food and medicine.

In light of these challenges, Baghdad has been pursuing alternative energy strategies, including regional grid connections to secure stable electricity supplies without relying on fuel.

Iraq has also sought to diversify its gas imports, signing a preliminary agreement with Turkmenistan in August 2023 to supply gas for its power stations.

On the other hand, the United States continues to pressure Iraq to reduce its reliance on Iranian gas, despite Iraq’s status as the second-largest oil producer in OPEC.  link

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Tishwah:  Due to the Kurdish boycott, a representative reveals the reasons for postponing the budget reading 

Today, Saturday, the representative of the Al-Fatah Alliance, Walid Al-Sahlani, revealed the reasons for raising the budget paragraph, while pointing out that there are multiple points of view regarding the paragraphs that need to be amended.

Al-Sahlani said in a statement to Al-Maalouma Agency, “The Parliamentary Finance Committee requested to postpone the reading of the budget law for a second reading until the Minister of Finance is hosted.”

He added, "The Kurdish parties refused to enter the session because the budget paragraph was removed from the agenda."

He pointed out that "the Kurdish parties insist on presenting the budget without the need to host the Minister of Finance." 

He pointed out that "the majority of the members of the House of Representatives requested to host the Minister of Finance before starting to read the budget amendment."  link

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Tishwash:  Mazhar Mohammed Saleh: Iraq's economy, financial flows and trade relations will not be affected by events in Syria

The Iraqi Prime Minister's Advisor for Economic Affairs, Mazhar Mohammed Salih, confirmed the strength of the Iraqi economy, its financial flows, and its trade relations, noting that this economy has not been affected by the tensions taking place in the Syrian arena. 

Mazhar Muhammad Salih said in a press statement, “The Syrian economy is an economy sanctioned by countries, such as the United States and some other European countries, and therefore all banking relations (for Iraq) with Syria are basically unavailable.”

He explained that “trade with Syria is mostly border trade and consists of simple, natural civilian goods such as agricultural crops or something like that.” 

Regarding the impact of the events in Syria on the exchange rate of the dollar in Iraq, Mazhar Muhammad Salih stated that “the current events are in Syria, not Iraq,” adding that “the problems in Syria may affect some of the simple border trade known, or which is civil or related to the tourism sector, and some simple problems and disturbances may occur, but they are not major disturbances.” 

The Iraqi Prime Minister's advisor for economic affairs pointed out that "the Iraqi economy, by nature, has high cash flows from its oil trade and global trade with large trade sources, while the minor fluctuations that are taking place are nothing but colorful noise."

He explained that “the parallel markets usually benefit from any political event in neighboring countries, for example, to raise the price, and for speculators to benefit, so this is a temporary speculation that leads to very simple price disturbances, and has no relation to the Iraqi economy, and is called information markets, so what is happening in Syria at the present time will not affect the Iraqi economy, and our economy is completely isolated from the Syrian issue.”

Mazhar Mohammed Saleh stressed that “the country is immune and there is no fear for our trade because it is governed by the central policies of the state,” noting that “Iraq obtains its budget from major oil revenues, which strengthen the banks’ finances and finance Iraq’s foreign trade, not the domestic market,” adding that “the parallel market is a completely superficial market and does not indicate anything in reality about the Iraqi economy at the present time.” 

The Iraqi Prime Minister’s advisor for economic affairs stated that “the parallel market benefits from the neighboring unrest and does not pose any threat to the Iraqi economy and does not represent anything, and we are immune to what is happening in Syria,” explaining that “the problems in Syria are not new to it and have existed since 2011, so there is no fear for the Iraqi economy, which is immune and neutral from the problems of others.”

Mazhar Muhammad Salih stressed that “our policies are disciplined, so what is happening in Syria does not affect the overall economic situation, and an increase in the exchange rate of the currency by one or two dollars could return to its previous state quickly, perhaps through a single statement.”

He believed that “Iraq’s economic situation is secure, its oil policies are calm, its trade relations with the outside world are going well, and its cash flows from cash revenues are good and beyond reproach, and thus the economic situation is stable.”   link

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Mot: .. Guess What a Parents Fav Holiday is ~~~~

Mot: . Maybe if Ya Starts Now - You can Convince um!!! 

More News, Rumors and Opinions Friday PM 12-6-2024

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. 6 Dec. 2024

Compiled Friday 6,  Dec. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Thurs. 5 Dec. 2024 Gingers Liberty Lounge on Telegram: A Report from Jim Willie, stated that an Iraqi citizen he knows has redeemed his currency at the new international rate. Family, this is expected that Iraqi national citizens would have time initially to exchange before the rest of the world’s IQD holders will exchange. This also happened in Kuwait all those years ago with Kuwaiti Dinar RI/RV. Fabulous!

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Thurs. 5 Dec. 2024 Bruce:

On Wed. 4 Dec. three different sources indicated something was going to happen tonight that would make Tier4b move forward with notification.

Wells Fargo and HSBC have sent out to certain individuals in Redemption Centers a flash drive that releases the activation code. Those flash drives have been installed and will receive the activation codes from the Star Link System to begin the redemption process.

Redemption Center people were having to sign brand new NDAs every time they go into the Redemption Center.

Sources were saying that Tier4b will start this weekend.

On Wed. 4 Dec. the screens received new rates for 19 currencies that will move up in value and others that will go down in value.

We were told that the president had to be out of the country in order for this to happen. On Fri. 6 Dec. President Trump will be leaving for France and will be there over the weekend.

Thurs. 5 Dec. 2024: QFS Leaks: $21 Trillion in Hidden Assets Seized – Banks Collapse as Wealth is Redistributed with Asset-Backed Currencies; Blackout Attempts Fail to Protect The Cabal’s Hidden Fortune! – Gazetteller

Thurs. 5 Dec. 2024: Breaking the Chains: GESARA NESARA Activation Signals the Fall of Cabal – Military Executes Worldwide Arrest of 700,000 Sealed Indictments, New GESARA Law! – amg-news.com – American Media Group

Read full post here:  https://dinarchronicles.com/2024/12/06/restored-republic-via-a-gcr-update-as-of-december-6-2024/

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TNT:

Tishwash:  UN: Iraq today is more secure and stable and its government has succeeded in keeping it away from conflict

The UN Secretary-General's Representative in Iraq, Mohammed Al-Hassan, confirmed today, Friday, December 6, 2024, that "Iraq today is more secure and stable."

Al-Hassan said in a briefing to the UN Security Council: "Iraq, a country of civilizations, is capable of overcoming crises towards a more stable and brighter future."

He added, "Iraq succeeded in conducting the important population census, and I followed up on this with the Prime Minister."

He stressed that "the Iraqi government succeeded in keeping Iraq away from the conflict."

Al-Hassan pointed out that "Prime Minister Mohammed Shia al-Sudani worked to invest in multiple projects in Iraq to develop bridges, schools, and transportation networks."  link

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

Frank26   Someone right now can buy 1 million [dinars] …for $1,200, $1,300 but when the blessing occurs you’re going to end up spending a million to buy a million dinars.  No, I don’t think so.  But the whales and sharks will.  They’ll buy 1 million dinar for $1 million because they know as it floats it’ll go to $3 million and they made a killing.  That’s when the sharks make their money.  They smell the chum right now and some of them are moving but not as much as they will when it happens.   When it happens big boys play with big money.

Militia Man   Article quote:   “The fiscal year of government banks in Iraq ends the end of December each year where some financial operations are temporarily suspended to conduct annual settlements and close accounts.”  Those that think Iraq is on a different system and different time frames for their end of year…those that were saying April or March are wrong.  Fiscal year of the government bank ends at the end of December each year.

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Markets At Risk Of Serious Correction, Valuations ‘Out Of Whack’ | Moody’s Mark Zandi

David Lin:  12-6-2024

Mark Zandi, Chief Economist of Moody's Analytics, discusses the prospects for economic growth, the Fed's likely next move, and how financial markets are getting "off kilter".

0:00 – Intro

 0:35 - Fed’s next move

3:00 - Recession in 2025?

4:10 - Earnings outlook

4:40 - Asset prices getting overvalued

7:00 - Tax cuts and stocks

9:40 - 100% tariffs on BRICS countries?

13:00 - Markets are “increasingly off kilter”

15:00 - Stocks vs. bond yields

17:00 - Long-term equities returns

18:30 - Valuations are “out of whack”

19:40 - Policies that can trigger correction

21:30 - Real wages rising

22:30 - Credit card spending

24:00 - Quits rate

25:17 - Scott Bessent’s 3-3-3 policy

 28:00 - Tariffs and deficit

29:33 - Housing market

31:30 - How to avoid the next financial crisis

https://www.youtube.com/watch?v=ozUHll8ppX0

Seeds of Wisdom RV and Economic Updates Friday Afternoon 12-06-24

Good Afternoon Dinar Recaps,

XRP LAWSUIT NEWS: ATKINS WON’T DISMISS THE RIPPLE CASE, SEC VS XRP TO CONTINUE

Gary Gensler's departure in January 2025 could leave the SEC’s stance on Ripple unchanged, with Jorge Tenreiro playing a key role in the ongoing case.

As the SEC’s appeal deadline for Ripple approaches in January 2025, the transition in leadership raises questions about the future of crypto regulations.

Gary Gensler, the controversial head of the U.S. Securities and Exchange Commission (SEC), will step down on January 20, 2025, as announced by the agency recently. Gensler, who was widely criticized by crypto investors during his tenure, will leave just days before a major decision in the SEC’s ongoing legal battle with Ripple, set for January 25, 2025.

What Gary Gensler’s Departure Means for the SEC’s Ripple Lawsuit

However, despite Gensler’s departure, the future of the SEC’s approach to crypto remains uncertain. Bill Morgan, an attorney closely following the case, pointed out that the SEC’s new chief litigation counsel, Jorge Tenreiro, is deeply involved in the Ripple litigation.

Tenreiro, who will be the key lawyer in the SEC v. Ripple case, may continue in this role even after the confirmation of the new SEC commissioner, Paul Atkins. Morgan expressed skepticism about any significant shift in the SEC’s stance on crypto if Tenreiro remains in charge of the litigation.

Morgan warned against assuming that the SEC’s decision not to file its brief in the Ripple case by January 15, 2025, signals a change in approach. He said that Tenreiro would still be handling it.

Morgan wrote, “If Tenreiro stays in the new role it will not signal a big change in SEC enforcement policy towards crypto. Even if there is a change the SEC v Ripple Appeal may continue.”

Jorge Tenreiro’s Role: Will the SEC’s Stance on XRP Change?
In response, Marc Fagel, a former SEC lawyer, clarified that trial counsel like Tenreiro do not make policy decisions; they handle enforcement actions approved by the SEC’s Commissioners.

 Fagel asked whether there was any example of a new SEC administration dismissing a pending enforcement action, though he acknowledged that future changes could deviate from past norms.

As the January 2025 appeal deadline approaches, it remains to be seen how the SEC’s leadership transition will impact the outcome of the Ripple case and the agency’s overall approach to the cryptocurrency market.

FAQs

What impact will Gensler’s departure have on the Ripple lawsuit?
Despite Gensler’s exit, the SEC’s approach may remain the same, with Jorge Tenreiro continuing to handle the Ripple case.

Will the SEC’s stance on crypto change after Gary Gensler leaves?
Legal experts suggest the SEC’s crypto policy may not change significantly, even with a leadership transition and Tenreiro in charge.

What is the significance of the January 2025 Ripple case appeal deadline?
The Ripple appeal deadline in January 2025 is pivotal for the future of crypto regulation, potentially shaping the SEC’s approach.

@ Newshounds News™

Source:  Coinpedia

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RIPPLE TARGETING YEAR-END RLUSD STABLECOIN LAUNCH: REPORT

Ripple is pushing to launch its U.S. dollar-pegged stablecoin, RLUSD, by the end of 2024, though regulatory approvals and the holiday season could cause delays.

This sentiment comes from Ripple CTO David Schwartz. Speaking at The Block’s Emergence conference in Prague, Schwartz expressed optimism despite challenges.

“I’m very hopeful it will happen this year, but once you start running into Christmas and New Year’s, people are gone,” he said, according to The Block.

RLUSD was initially announced in April and will operate on both the XRP Ledger and Ethereum. Testing began in August, and Ripple has partnered with exchanges Uphold, Bitstamp, and Bitso, alongside market makers B2C2 and Keyrock, to ensure liquidity.

No release on December 4

One of the main obstacles is obtaining regulatory approval from the New York State Department of Financial Services

There was speculation that Ripple’s stablecoin would be released on December 4. However, the company addressed this speculation on X, stating, “Despite some rumors, RLUSD isn’t launching today. We’re working closely with the NYDFS on final approval and will share updates as soon as possible.”

@ Newshounds News™

Source:  Crypto News

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HOW TO OPEN A XAMAN WALLET: THE EASIEST STEP-BY-STEP GUIDE  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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I SPENT YEARS RESEARCHING THE RV AND HERE'S WHAT I FOUND!  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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David Morgan: Gold - The Monetary Hitching Post of the Universe

David Morgan: Gold - The Monetary Hitching Post of the Universe

Palisades Gold Radio:  12-6-2024

Tom Bodrovics, welcomes back David Morgan, founder of The Morgan Report, for a discussion centered around their recent interviews with Dr. Judy Shelton.

They highlight her advocacy for the moral obligation of money and her belief in an honest monetary system that fosters freedom and stability.

 Morgan believes these views align with his life's work. The conversation touches upon potential solutions for imposing monetary discipline on the government, including the idea of long-term gold bonds and a bimetallic standard consisting of both gold and silver.

The benefits of a bimetallic system include regulation of inflation, but its practicality is questioned due to the current market values of gold and silver.

Morgan also discusses the role of the Federal Reserve in the US monetary system, suggesting that commercial banks create most of the money through loans and advocating for the Treasury to manage monetary policy according to the Constitution.

 He expresses skepticism towards Central Bank Digital Currencies due to concerns over privacy and potential loss of control by individuals.

David Morgan shares his long-term perspective on investing in silver, emphasizing its importance as a form of financial security and potential return to being a monetary asset.

 He also discusses the industrial uses of platinum and palladium and expresses his bullish sentiment towards these metals.

In conclusion, Morgan advocates for self-reliance, fundamental human values, and focuses on the human spirit despite skepticism towards politics.

 David Morgan is working on a documentary called "Silver Sunrise" that explores the monetary system, stress, fear, and control related to money, featuring interviews from renowned figures like G. Edwin Griffin, Ron Paul, Ellen Brown, and Mark Passio, set for release early next year.

Time Stamp References:

 0:00 - Introduction

0:30 - Dr. Judy Shelton

6:47 - Silver Standard?

10:07 - Fed's Role & Ron Paul

13:48 - CBDC Concerns

16:35 - Trumps Cabinet Picks

22:54 - Silver Expectations

25:48 - China, Russia, & India

 29:06 - Platinum & Palladium

31:07 - Sentiment in Metals

33:42 - Silver Sunrise Documentary

38:15 - Holiday Wrap Up

https://www.youtube.com/watch?v=-9r150RBsHI

Missouri Currency Reform: A New Move Toward Gold and Silver Economy

Missouri Currency Reform: A New Move Toward Gold and Silver Economy

Awake-In-3D  December 5, 2024

Missouri takes a groundbreaking step toward financial sovereignty with its push for gold and silver as legal tender, challenging centralized control and advancing the currency revaluation debate.

In the latest move reshaping the future of state monetary policy, Missouri currency reform has emerged as a powerful response to the challenges of centralized financial control. By rejecting Central Bank Digital Currencies (CBDCs) and advocating for gold and silver as legal tender, Missouri is positioning itself at the forefront of the currency revaluation debate.

This legislative push not only strengthens financial sovereignty but also aligns with broader global trends favoring tangible assets over fiat systems.

Legislative Push: The Basics of the Missouri Currency Reform

Republican Senator Rick Brattin’s pre-filing of SB 194 on December 1 signifies the latest in a series of legislative efforts to define the state’s monetary future. The bill explicitly prohibits public entities from accepting or testing CBDCs, a move designed to curtail the influence of centralized digital currencies that many argue lead to increased government surveillance and control.

Moreover, the bill redefines the state’s Uniform Commercial Code (UCC) to exclude CBDCs from its definition of money.

Perhaps most notably, SB 194 advocates for alternative monetary systems by mandating that the state treasurer allocate at least 1% of state funds to gold and silver holdings. This provision underscores a commitment around a Missouri currency reform to precious metals as a hedge against currency devaluation and economic instability. The bill also exempts gold and silver transactions from state capital gains taxes and recognizes these metals as legal tender, providing citizens with a tangible alternative to fiat currencies.

The Broader Context: State-Level Resistance to CBDCs

Missouri’s legislative moves come at a time when resistance to CBDCs is gaining traction across the United States. States like Louisiana and North Carolina have already passed laws to prohibit CBDC adoption, and similar efforts are underway at the federal level, including the CBDC Anti-Surveillance State Act passed by the U.S. House of Representatives in May.

For Missouri, however, the legislative battle has been particularly robust. Earlier this year, multiple bills addressing CBDCs and precious metals were introduced, though not all succeeded. SB 1352 sought to overhaul the state’s UCC to block CBDCs and passed a House vote before stalling in the Senate. Other bills, like SB 736 and its companion House legislation, attempted to tie CBDC prohibition to the promotion of gold and silver but failed to pass. Despite these setbacks, SB 194 marks a significant initiative to realign the state’s monetary policy with principles of sovereignty and decentralization.

Precious Metals vs. CBDCs: Competing Visions of Monetary Policy

Missouri’s legislative efforts center on a fundamental conflict between two competing visions of the future of money. On one hand, CBDCs represent a digital extension of fiat currencies, offering increased efficiency and integration with modern payment systems. However, critics argue that CBDCs concentrate monetary power in the hands of central banks and governments, enabling unprecedented levels of financial surveillance and control.

On the other hand, gold and silver symbolize a return to monetary systems grounded in tangible value and historical precedent. By recognizing these metals as legal tender, this Missouri currency reform aims to provide its citizens with a form of money that is immune to inflationary pressures and independent of centralized control. This approach resonates with the principles underlying the GCR and RV, which emphasize the restoration of equitable value in global currencies and a move away from excessive reliance on fiat systems.

Implications for the Global Currency Reset

Missouri’s legislative actions reflect broader trends associated with the GCR. The inclusion of gold and silver in state monetary policy aligns with efforts to stabilize currencies through tangible assets, a key tenet of the reset. Additionally, the rejection of CBDCs reflects growing skepticism about the role of centralized institutions in shaping the future of money.

While the GCR is often discussed in terms of international agreements and global economic shifts, state-level actions like those in Missouri highlight the importance of grassroots movements in driving monetary reform. By taking a stand against CBDCs and embracing precious metals, Missouri is not only asserting its own financial sovereignty but also contributing to a larger conversation about the balance between centralized and decentralized monetary systems.

Potential Barriers and Strategic Opportunities for a Missouri Currency Reform

Despite its ambitious goals, Missouri’s legislative agenda faces significant challenges. The failure of earlier bills to pass demonstrates the difficulty of achieving consensus on complex monetary issues. Furthermore, the implementation of gold and silver as legal tender raises practical questions about verification processes, transaction logistics, and public acceptance.

However, these challenges also present opportunities for innovation and leadership. If successful, Missouri’s policies inspire similar initiatives at the national level, influencing the direction of the GCR and RV.

The Bottom Line

Missouri’s efforts to ban CBDCs and promote gold and silver as legal tender reflect a growing desire for financial autonomy and a rejection of centralized monetary control. In the context of the GCR and RV, these actions represent a significant step toward a more equitable and decentralized global economy.

As the debate over the future of money continues, Missouri’s legislative push serves as both a challenge to the status quo and a driving force behind financial reform. Whether or not SB 194 ultimately passes, it shapes state sovereignty, monetary policy, and the broader global currency landscape.

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© GCR Real-Time News

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Seeds of Wisdom RV and Economic Updates Friday Morning 12-06-24

Good Morning Dinar Recaps, 

WHO IS DAVID SACKS? AND WHY HAS DONALD TRUMP MADE HIM CRYPTO CZAR?

▪️David O. Sacks Becomes White House AI & Crypto Czar Under Trump's Administration.

▪️Former PayPal COO Brings Expertise in Tech and Venture Capital to Federal Leadership.

▪️Close Ties to Trump and Musk May Boost Fresh AI-Crypto Strategies for U.S. Leadership.

Former PayPal executive and renowned venture capitalist David O. Sacks has been appointed by Donald Trump as the White House’s first “AI & Crypto Czar.” This new role is part of Trump’s plan to position America as a global leader in artificial intelligence (AI) and cryptocurrency, two rapidly growing fields shaping the future. The announcement came shortly after Bitcoin reached its $100k milestone.

Why Trump Appointed David Sacks Only?
In a post on Truth Social, Trump announced Sacks’ appointment and highlighted his mission to create a clear legal framework for the cryptocurrency sector. However, Trump’s decision to appoint Sacks arose from his impressive track record as a tech entrepreneur and investor.

Sacks, a founding-era COO of PayPal and a key member of the “PayPal Mafia,” has built and supported some of Silicon Valley’s most successful ventures. His expertise in technology and finance makes him tackle the challenges and opportunities in AI and crypto effectively.

Meanwhile, some experts even hint that Trump’s decision to appoint Sacks is seen as a reward for his loyal support during the campaign. Sacks played a pivotal role in fundraising for Trump, helping to raise $12 million during a high-profile event earlier this year.

What Changes Could Sacks Bring?
David Sacks will focus on creating clear rules for cryptocurrencies to remove confusion and help the U.S. digital asset industry grow. His goal is to support crypto businesses and position the United States as a global leader in digital innovation.

According to Trump, he will “steer us away from Big Tech bias and censorship,” ensuring a balanced digital landscape that supports open discourse. Sacks will also focus on safeguarding free speech in the online space

Additionally, Sacks will chair the Presidential Council of Advisors for Science and Technology, guiding the administration’s policies on emerging technologies.

Sacks Close Ties to Trump and Musk
Sacks has been a strong Trump supporter of Trump, hosting fundraisers and rallying tech industry donors. He also shares close ties with Elon Musk, who has made waves in AI through his company xAI and chatbot Grok. This connection could bring fresh ideas and partnerships to the administration’s tech strategy.

@ Newshounds News™

Source:  Coinpedia

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PHILIPPINES COMPLETES WHOLESALE CBDC TRIAL

Today Bangko Sentral ng Pilipinas (BSP) said it completed Proof of Concept trials for its Project Agila wholesale central bank digital currency (wCBDC) along with participating financial institutions.

Specifically, the latest trial tested whether banks in the Philippines can pay each other outside of bank operating hours during evenings, weekends and holidays.

“Wholesale CBDCs are expected to enhance liquidity management, reduce settlement risks, and support financial stability,” said BSP Governor Eli M. Remolona, Jr.

“Insights from this project will guide the BSP’s CBDC roadmap. Our goal is to leverage new technologies to further enhance the efficiency and resilience of the national payment system.”

While the bank hasn’t yet released a report about specific findings, the central bank shared its plans earlier in the year. Many wCBDC trials are quite speculative, but this one is less so. 

The central bank plans to launch a wCBDC during Mr Remolona’s term, which ends in 2029. It is expected to be sooner rather than later, with 2025 or 2026 previously floated as potential timeframes.

Apart from out of hours payments, the wCBDC will potentially be used for securities settlement and cross border payments. The central bank is an observer in the mBridge DLT cross border payment system used by the central banks of China, Hong Kong, Saudi Arabia, Thailand and the UAE.

During 2023 the BSP assessed various blockchain technologies, selecting Hyperledger Fabric.

@ Newshounds News™

Source: Ledger Insights 

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HOW TO OPEN A XAMAN WALLET: THE EASIEST STEP-BY-STEP GUIDE  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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News, Rumors and Opinions Friday AM 12-6-2024

Ariel (@Prolotario1): Iraq and XRP, Exciting Times for us all

Dec. 5, 2024

2025 Budget
Oil & Gas
International Market
New Exchange Rate
Purchasing Power
Victory Day

Today THURSDAY session finishing what the PM ordered “ finishing the budget amendment “ pic.twitter.com/y4jLnize0A

— Majeed KSA (@majeed66224499) December 5, 2024

Home Plate Ladies & Gentlemen

“the few days remaining of the legislative term of parliament can be ratified the budget law – Article 12 – amended by the government and submitted to parliament,"

Already submitted to parliament to finish it today as what PM ordered them to do… pic.twitter.com/QMmeIo1aCH

— Majeed KSA (@majeed66224499) December 5, 2024

Breaking News…

Do you all know how epic this is?

This is akin to the parting of the Red Sea. Just as Moses stretched out his hand, and the waters of the Red Sea divided, allowing the Israelites to pass on dry ground, Ripple has now stretched forth its digital hand, creating a trustline of such magnitude that it shall lead the way for digital currency in a manner unprecedented.

Imagine, if you will, the walls of water held back by divine will, and now see this trustline as those walls, holding back the chaos of financial instability, providing a path of liquidity through which the future of transactions might safely traverse.

This act by Ripple could be seen as a modern-day covenant, a promise of prosperity and security in the blockchain realm, much like the covenant made with Noah after the flood, marking the end of one era and the beginning of another.

In this new era, 10,000 trillion RLUSD stands as a testament, a beacon of financial innovation, where the old ways of currency are washed away, and in its stead, a new foundation is laid for economic interactions worldwide. As the Israelites looked upon the Promised Land, so too might we look upon this financial landscape with hope and anticipation for what is to come.

10,000 TRILLION RLUSD TRUSTLINE CREATED BY RIPPLE JUST NOW
https://t.co/Le27ztWQ7I pic.twitter.com/FODtb9JT27

— SIRTRADESALOT (@COOLBREEZE_____) December 5, 2024

Iraq/Ripple/XRP (Important Read) Exciting Times For Us All

You all have to understand how monumental this is right now. Iraq has already moved towards a digital economy, including the adoption of Ripple’s blockchain-based application, RippleNet, for international money transfers. This trustline could enhance trust and liquidity in the global financial ecosystem.

If Ripple’s RLUSD is used as a bridge for transactions, it might provide a more stable and efficient pathway for countries like Iraq to engage in international trade, potentially easing the transition of the IQD onto the Forex market.

Iraq adopting Ripple’s technology engaging with RippleNet, this basically streamlines cross-border payments, reducing costs and time. Improved transaction efficiency might encourage quicker integration of the IQD into global forex markets.

We are on the cusp of a new dawn for this entire planet. And you just witnessed a major breakthrough today. Can you imagine how financially abundant life will be for you very soon? I’m sure the CBI is watching this right now.

𝙁𝙧𝙤𝙢 𝙏𝙝𝙚 𝙁𝙖𝙧𝙢𝙚𝙧𝙨 𝘽𝙪𝙘𝙠𝙚𝙩 𝙊𝙛 𝙒𝙖𝙩𝙚𝙧 𝙏𝙤 𝙏𝙝𝙚 𝙃𝙤𝙧𝙨𝙚𝙨 𝙈𝙤𝙪𝙩𝙝:

Do you all know how easy it is for the CBI governor of Iraq to come out and make an official statement that the Iraqi Dinar will not gain any significant value for American investors and have this entire train come to a screeching halt? All anticipation and aspirations can be erased in 2 minutes or less.

Do you know how significant this one question is for people who are calling this a scam? People have no clue that the CBI has direct contrast over the Iraqi Dinar that you buy for foreign currency exchange portals online that you are waiting to come our at 1:1 or higher.

The Central Bank of Iraq (CBI) has direct control over the Iraqi dinar through its monetary policies, currency issuance, and exchange rate management. The CBI is the sole authority that issues Iraqi dinar, ensuring all dinar in circulation originates from its reserves or authorized channels.

The CBI sets the official exchange rate of the dinar, which heavily influences its value on international markets and currency exchanges. Any revaluation or devaluation is entirely controlled by the CBI. The CBI conducts daily dollar auctions to stabilize the dinar and manage liquidity.

This process indirectly affects the supply and demand of dinar on global currency exchange platforms thar you purchase your Dinar from based on the links that you see posted in my comment section from my followers. The CBI monitors and regulates foreign entities dealing with the dinar, including international currency exchange platforms.

This is to prevent unauthorized transactions or market manipulation. This is really that simple people. Your hopes of gaining any significant (ROI) can be settled with one written or verbal statement directly from the source responsible for the supply & demand of this currency. Have you seen anything of the sort since buying?

What A Time To Be Alive

Do you see the future?
Do you see the life you want to live?
Do you see the abundance that will be available?

Because if you don’t today’s news should be a base point where your ideas for a better life actually has a sound mission statement that you can objectively carry out now that you will have the financial means to achieve it.

JUST IN: President-elect Trump says his new crypto Czar David Sacks will "work on legal framework so the crypto industry has the clarity it has been asking for."

— Watcher.Guru (@WatcherGuru) December 6, 2024

https://dinarchronicles.com/2024/12/05/ariel-prolotario1-iraq-and-xrp-exciting-times-for-us-all/

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

Walkingstick  The ending of the auctions is very significant and very telling...It was the reason for all this thievery, all of this profiteering that was the lifeline of the parallel market...This is an interesting moment and I think things are being built and put in possession for this stoppage because they said to the citizens, at that time it will be a financial turning point...What comes after the auctions?  Purchasing power. 

Frank26  Everything is in place for the monetary reform to be given to the Iraqi citizens.  The Prime Minister and Alaq are telling the citizens we are 95% done with the monetary reform.  We also know at the end of this year, December 31st, the auctions come to an end...It was the dollar that was keeping the Iraqi dinar stable.  What are you going to do when you don't have the auction?  When you cannot use the dollar anymore in your country?  ...You gave the dollar because the dollar had a very good exchange rate.  Now the dollar is taken away you need a very good exchange rate.  That is exactly what they are doing in my very strong opinion.  They're saying we're at 95%.  Where's the 5%?  IMO it's an awful lot of different things being requested by Donald Trump by Iraq...

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This Is What ALWAYS Happens Before A Superpower Falls | Richard Wolff

FreeInvesting:  12-4-2024

https://www.youtube.com/watch?v=QYGm44_vv7I

The End Game and More with Rafi Farber (Little by Little)

Miles Franklin:  12-5-2024

n this exclusive interview, Rafi dives into the current economic landscape, the critical role of precious metals in wealth preservation, and the larger implications of global financial trends on everyday investors. Packed with expert analysis and practical takeaways, this discussion is essential viewing for anyone aiming to stay ahead in volatile markets.

https://www.youtube.com/watch?v=-6fsa55Vax0

“Tidbits From TNT” Friday Morning 12-6-2024

TNT:

Tishwash:  The UN Security Council holds a special session on the situation in Iraq

The UN Security Council will hold a special session, Friday, on the situation in Iraq, and to review the latest developments in the country.

According to a post by the United Nations Assistance Mission in Iraq (UNAMI) on the X platform, the session will be held at (6:00 pm Baghdad time), and it is expected that the UN Special Representative, Mohammed Al-Hassan, will provide a briefing in the session on developments in Iraq and on UNAMI.

In July 2024, UN Secretary-General António Guterres appointed Mohammed Al-Hassan of the Sultanate of Oman as his new Special Representative for Iraq and Head of the United Nations Assistance Mission for Iraq (UNAMI), replacing Jeanine Hennis-Plasschaert .  link

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Tishwash:  Al-Alaq receives representatives of the Innovation Center at the Dubai International Financial Center

The Governor of the Central Bank of Iraq, Ali Al-Alaq, discussed on Thursday with representatives of the Innovation Center at the Dubai International Financial Center ways of cooperation in the areas of enhancing innovation and entrepreneurship, and adopting financial technology and artificial intelligence in the Iraqi banking sector.

The media office at the Central Bank said in a statement received by "Al-Eqtisad News" that "the Governor of the Central Bank, Ali Mohsen Al-Alaq, in Baghdad, held a meeting with representatives of the Innovation Center at the Dubai International Financial Center, during which ways of cooperation were discussed in the areas of enhancing innovation and entrepreneurship, and adopting financial technology, artificial intelligence and advanced infrastructure." 

The statement added that "the meeting reviewed opportunities to support innovation in banking systems and electronic payment solutions, and provide opportunities for emerging companies in these fields to enter Iraqi, regional and global markets."

He pointed out that "the meeting discussed developing training programs to build Iraqi capabilities to keep pace with global developments, enhance regulatory cooperation and adopt the best standards in the fields of financial technologies and banking technology."

The statement said that the two parties "discussed strengthening partnerships between the financial and banking sector, emerging companies and investors, in addition to interacting with universities and various institutions to support the next generation of Iraqi entrepreneurs, expressing their commitment to developing partnerships in a way that contributes to achieving the vision of the Central Bank of Iraq in building a digital economic system and a comprehensive financial system based on technology and innovation."  link

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Tishwash:  Ernst & Young reveals the completion rate of the Rafidain Bank restructuring project

The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, chaired an expanded meeting to discuss the project to restructure Rafidain Bank.

The committee for this project included officials from the Iraqi Ministry of Finance, the Central Bank of Iraq, the Prime Minister’s Advisor, and the Head of the World Bank Mission in Iraq, in addition to members of Ernst & Young as an expert auditor and consultant in the restructuring process.

The World Bank's Regional Director in Iraq, Emmanuel Salinas, explained the reality of work on this project, in which he presented the opportunities available within the banking work environment in Iraq and the mechanism for developing the restructuring plan in its operational and financial aspects.

While Firas Kilani, an expert in the restructuring project from Ernst & Young, explained that the project has made great progress since its inception in September 2024 and has currently reached 74%, and the next phase of the scope of work will be completed at the end of this month, moving to an advanced stage in this project.

The Governor of the Central Bank confirmed that the support of the Iraqi Prime Minister in this regard has positively accelerated the progress of the project, to reach important stages in the restructuring and development process at Rafidain Bank.  link

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Tishwash:  Honeywell discusses Development of Iraqi Oil Refineries

Iraq's Deputy Minister of Oil for Refining Affairs, Hamed Younis, reaffirmed Iraq's commitment to collaborating with reputable global companies to advance its refining sector. This aligns with the government's strategic program and directives from Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani.

During a meeting with Honeywell's Middle East Executive Director, James Moshi, and Iraq Country Head, Mohamed Al-Shabout, discussions focused on strengthening cooperation in refinery development. The meeting also reviewed progress on agreements made during Abdul-Ghani's visit to Honeywell in Houston, USA, last September.

The session was attended by senior officials, including the Director General of the Studies and Planning Department, Naseer Aziz Jabar, and the Deputy General Manager of the South Refineries Company (SRC).

In June, the Ministry of Oil signed a memorandum of understanding with Honeywell to develop oil refineries.

(Source: Ministry of Oil)  link

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

Mot:  Gunna redecorate!!!??? --- Wellll --- heres how Ya 

Mot: ................ A Dog Naps -- because ---- he loves so much

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

Good Evening Dinar Recaps,

BRICS NEWS:  BRICS: WHY TRUMP’S 100% TARIFF PLAY MAY FURTHER DE-DOLLARIZATION

With the president-elect targeting the BRICS bloc specifically, Donald Trump’s proposed 100% tariff plan may only further global de-dollarization efforts. The statement has been met with increased opposition from countries in the global south. Moreover, it represents another clear attempt at the West weaponizing the greenback.

If enacted, the tariff could be the catalyst for inciting continued efforts to abandon the US dollar on a global scale. Although BRICS nations have previously said that they would not seek to ditch the currency, Trump’s policies could drive a necessary recalculation of what would be best for these countries.

Trump’s 100% Tariff Could Mirror Sanctions, Drive Global De-Dollarization

Following his historic victory in the 2024 presidential election, the US dollar has remained a focus for Donald Trump’s incoming administration. Specifically, he has continually said that losing the greenback as the world’s currency would be akin to the country “losing a war.” Therefore, its position in global finances remains a focal point.

That led the incoming president to issue a stark warning to BRICS nations. “The idea that the BRICS are trying to move away from the dollar while we stand by and watch is OVER,” he said in a Truth Social post.

“We require commitment from these countries that they will neither create a new BRCIS currency to replace the mighty US dollar, or they will face 100% tariffs and should expect to say goodbye to selling into the wonderful US economy,” he added.

Yet, his recent statement only reinforced the reasons why nations are stepping away from trading in the currency. For BRICS and many others, Trump’s 100% tariff plan may only further de-dollarization. It once again shows that the United States wants to leverage its perceived power for its own economic gains and standing.

The imposition of Western sanctions drove Russia to initiate de-dollarization efforts through its BRICS alliance. The weaponization of the greenback saw the bloc further enhance trade deals. Ultimately, leading to the promotion of local currency trade.

That will only enhance under Trump’s tariff plan. Moreover, it will harm American industries. The current efforts to ditch the US dollar wouldn’t have the same effect on imports that the incoming presidents would. In the end, he may well be shooting his incoming administration in the foot.

@ Newshounds News™

Source: WATCHER GURU 

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ASIA-PACIFIC (APAC) CRYPTO ADOPTION 2024: KEY TRENDS AND INSIGHTS TO KNOW

▪️The Asia-Pacific region has seen a surge in cryptocurrency adoption, far outpacing the global average.

▪️APAC's crypto adoption is driven by real-world use cases and cultural acceptance, rather than just financial speculation.

▪️Countries with better regulatory frameworks are witnessing higher adoption rates and increased institutional interest.

The Asia-Pacific (APAC) region is undergoing a major shift in how people use cryptocurrencies. From financial centers like Hong Kong and Singapore to growing markets in Southeast Asia, digital assets are becoming more mainstream. In APAC, crypto isn’t just a way to make money—it’s becoming part of daily life, driven by people and culture, not just technology.

Crypto Adoption Soars Across APAC

A recent report by Consensus, titled “Driven By Demand: The People-Powered Crypto Movement in Asia Pacific,” shows that crypto adoption in APAC has reached 22% in 2024—nearly three times the global average of 7.8%.

Thailand leads the way with a remarkable 43% adoption rate, followed by the UAE (37%), India (32%), and the Philippines (31%). Countries like South Korea (28%) and Hong Kong (24%) are also making progress, while Japan (12%) and Mainland China (17%) are lagging behind.

A Tool for Financial Inclusion

The survey, which included nearly 4,300 participants from ten APAC countries, reveals that more than half of respondents (51%) see digital assets as a key to financial inclusion. Additionally, 37% believe crypto gives them more control over their finances without relying on banks.

This shows that, in APAC, crypto isn’t just about making a profit—it’s a practical tool for everyday use and fits well with the region’s culture.

Crypto’s Everyday Value

Over the past year, the attitude toward cryptocurrencies in APAC has shifted significantly. With fewer scandals and more local activity, trust in the industry has grown. Unlike in some Western regions, where distrust of traditional banks drives crypto adoption, APAC users focus more on crypto’s practical benefits for daily life.

Interestingly, only 18% of people surveyed said they distrust banks. This suggests that in APAC, crypto is seen as a solution to real-world problems, not just a reaction to traditional financial systems.

Race to Become a Crypto Hub

The report also finds that 69% of respondents believe clear regulations are important to protect crypto users. However, the report suggests that regulation alone isn’t what’s driving adoption—it supports the strong demand already present in the market.

Countries with higher adoption rates, like Thailand and the UAE, benefit from clearer regulations, which help the crypto ecosystem grow.

APAC Leading the Global Crypto Charge

Michael Lau, Chairman of Consensus Hong Kong, pointed out that APAC is setting the pace for the global crypto market. He highlighted how recent Bitcoin and Ethereum ETF approvals, along with more institutional investments, are positioning APAC as a leader in creating a more connected global financial future.

With its mix of cultural acceptance, practical use, and evolving regulations, APAC is not only shaping the future of cryptocurrency—it’s influencing the global financial system.

This people-driven movement proves that when demand meets innovation, real change happens.

@ Newshounds News™

Source: Coinpedia 

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ISO 20022: The Future of Finance, Explained  |  Youtube

Be sure to check out our Timeline and Roadmap with detailed information on the Timeline of the QFS from the beginning, to where we are now, to the expected LIVE date.

Check out the Timeline

Check out the  Roadmap

@ 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

They Have To Get This Right For America To Have A Real Chance

They Have To Get This Right For America To Have A Real Chance

Notes From the Field By James Hickman (Simon Black)  December 5, 2024  

On November 20, 1945, an international tribunal first convened in the Bavarian city of Nuremberg to prosecute key leaders of Nazi Germany for crimes against humanity. The Nuremberg Trials were a key aspect of holding individuals accountable for the brutal acts and genocide committed under Nazi rule.

High-ranking officials, including Hermann Göring and Rudolf Hess, faced charges, and they tended to grab most of the headlines. But plenty of lower ranking officers, and even doctors, faced trial as well. Naturally they tried to defend themselves by claiming they were “only following orders”.

But the Nuremberg Trials established a clear precedent that moral responsibility falls on the individual who committed the crime. “Only following orders” is simply not a valid justification for blatant wrongdoing.

It’s always dangerous territory to bring up the Nazis in any intellectual argument because it’s just so sensational. But in this case the analogy is an important one because we’re ultimately talking about accountability.

Bureaucrats and politicians in the US government commit outrageous, egregious acts of wasteful mismanagement on a daily basis. A lot of it is even deliberate.

And yet no one is ever held accountable. The conservative writer Thomas Sowell once argued that “it is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.”

People in the private sector pay for their mistakes all the time. Businesses who don’t deliver value soon find themselves without customers. Employees who don’t do good work find themselves out of a job.

But government officials have squandered trillions of dollars. They locked down businesses, forced experimental vaccines on children, censored free speech, and violated just about every right imaginable.

How many have been truly held accountable?

TO READ MORE: https://www.schiffsovereign.com/trends/they-have-to-get-this-right-for-america-to-have-a-real-chance-151850/

More News, Rumors and Opinions Thursday PM 12-5-2024

Gold Telegraph: Change is Happening in the Global Financial System

12-4-2024

China has announced a ban on rare mineral exports to the United States.

Again, Financial assets vs. Elements.

BREAKING NEWS: DEVELOPING COUNTRIES SPENT A RECORD $1.4 TRILLION TO SERVICE THEIR FOREIGN DEBTS IN 2023 AS INTEREST COSTS CLIMBED TO A 20-YEAR HIGH

You wonder why change is happening in the global financial system?

The BRICS nations collectively accounted for about $578 billion in United States imports. There is good reason for the United States to be worried about BRICS nations reducing their dependency on the dollar. The dollar currently serves as the economic heartbeat of America.

BREAKING NEWS: CHILE AIMS TO INVEST $83 BILLION IN MINING THROUGH 2033

This is the world’s biggest producer of copper.

“About 52% of spending totaling $42.96 billion is pegged for projects planned between 2024 and 2026…”

Source: https://www.reuters.com/markets/commodities/chile-aims-invest-83-bln-mining-through-2033-newspaper-says-2024-12-04/

Many Chinese metal importers have stopped buying United States copper scrap in anticipation of tariffs.

Finance vs. Elements.

China is the biggest importer of copper.

Russian President Vladamir Putin questioned holding state reserves in foreign currencies, citing risks of political confiscation. Countries around the world pay close attention to these types of comments. Gold.

Jerome Powell says:

“There is very, very broad support for the Federal Reserve to pursue monetary policy for the benefit of all Americans at all times.”

Thank you, Mr. Powell, for providing the joke of the day.

The French government has collapsed.

The world is a cold place, maybe that’s why I gravitate to gold. What can you trust?

https://dinarchronicles.com/2024/12/04/gold-telegraph-change-is-happening-in-the-global-financial-system/

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Ariel (@Prolotario1): Showed the Iraqi Dinar to a Capital One Manager

I was showing a manager at Capital One the other day all the accounts on X some who I know have Iraqi Dinar. On how people want this to be a scam more than they want me or my followers to be right about holding it for an ROI.

And this manager already has multiple SKRs from investors he is ready to manage once the new exchange rate is released. I live in the real world. Where results are real-time. Face to face contact with banking offers or services to help compound on your capital.

Online opinions remain a virtual remnants of ideas confined to a digital space that has no bearing on organic human interactions with tangible applications. This is something detractors underestimate. IQD is not a stock. Buying it will not raise the price.

Meaning nobody is currently marking up rates on X who are not selling this currency to you but only giving you a heads up on what will happen once the CBI decides it is the right time to reinstate their currency at parity level with the US dollar. Which is designed to level the playing field for all countries.

Source(s):
https://x.com/Prolotario1/status/1864432194032128123

https://dinarchronicles.com/2024/12/04/ariel-prolotario1-showed-the-iraqi-dinar-to-a-capital-one-manager/

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

Mnt Goat  As investors we all...should realize that there is a deal with China and Iraq on providing oil at a fixed price. This deal was brokered by the US Treasury and it included pre-selling some of the U.S. oil credits to China at a fixed price. But these are credits and these credits only materialize when we, as investors then exchange our dinar.  Yes, billions in oil credits...  I talked about these oil credits...when I described... how this RV would be paid for...

Frank26  Everything is in place for the monetary reform to be given to the Iraqi citizens.  The Prime Minister and Alaq are telling the citizens we are 95% done with the monetary reform.  We also know at the end of this year, December 31st, the auctions come to an end...It was the dollar that was keeping the Iraqi dinar stable.  What are you going to do when you don't have the auction?  When you cannot use the dollar anymore in your country?  ...You gave the dollar because the dollar had a very good exchange rate.  Now the dollar is taken away you need a very good exchange rate.  That is exactly what they are doing in my very strong opinion.  They're saying we're at 95%.  Where's the 5%?  IMO it's an awful lot of different things being requested by Donald Trump by Iraq...

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

"Markets HORRIFICALLY OVERVALUED As Insiders Head For The Exits" - Mike Maloney

12-5-2024

“If this is a measurement of the scale of our bubble…that is saying…this is horrifying.

This is absolutely horrifying. If this reverts to the mean, we are talking about a Modern Dark Age. And the informed people on the Titanic, are getting into the lifeboats right now.

That is what’s going on.” –

https://www.youtube.com/watch?v=LsY5dblyK9Q

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

Good Afternoon Dinar Recaps,

CITI, JP MORGAN, OTHERS COMPLETE TOKENIZATION SETTLEMENT TRIALS

Ten institutions completed simulated trials of the Regulated Settlement Network (RSN), exploring the use of a shared DLT network to settle tokenized transactions. It was an extension of previous trials of the Regulated Liability Network conducted last year, which included tokenized commercial bank money and tokenized central bank money on the same network.

This time tokenized Treasuries and investment grade bonds were also on the shared ledger, enabling delivery versus payment for wholesale transactions. The trials also explored interoperability with external DLT networks.

Securities Industry and Financial Markets Association (SIFMA) acted as coordinator for the institutions involved, which were Citi, J.P. Morgan, Mastercard, Swift, TD Bank N.A., U.S. Bank, USDF, Wells Fargo, Visa, and Zions Bancorp, led by SIFMA.

The group published three reports on the business, technology and legal aspects and will hold a virtual briefing on the RSN trials at 1pm Eastern Time.

The Benefits of Shared DLT Ledgers

Shared institutional networks for tokenized assets are attracting attention for several reasons. If a tokenized Treasury is settled using central bank money on the same ledger, settlement risks are eliminated almost entirely. Smart contracts enable automation and straight through processing. And always-on networks allow for settlement outside of working hours and batch cut off times. That could prove especially convenient to assist overseas clients.

Five thoughtful use cases each demonstrated different benefits. While immediate settlement of Treasury transactions is risk free, institutions prefer net settlement to reduce cash demands.

Today just 20% of repo transactions are centrally cleared, but new SEC rules will require a far larger proportion. Hence, one of the use cases ran a central counterparty (CCP) using the shared ledger that offered multiple settlement windows during the day. That allows firms to settle intraday and take advantage of netting.

While the RSN could become a major network, the group recognizes it won’t be the only DLT network. So other trials explored interoperability with non RSN networks, either using Swift orchestration or via direct APIs.

For example, Mastercard has its Multi Token Network (MTN) which tested payments between two banks using MTN. The interbank settlement was performed on the Regulated Settlement Network (RSN) using central bank money.

Meanwhile, RSN trials used the Canton DLT from Digital Asset. Deloitte assisted SIFMA in coordinating the project and Sullivan & Cromwell provided legal input.

Contributors included BNY Mellon, Broadridge, the  Depository Trust and Clearing Corporation (DTCC), International Swaps and Derivatives Association (ISDA), Tassat Group, and the non profit MITRE Corporation. The New York Innovation Center (NYIC) at the Federal Reserve Bank of New York participated as a technical observer.

@ Newshounds News™

Source:  Ledger Insights

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VANCOUVER MAYOR PUSHES BITCOIN AS RESERVE ASSET IN BOLD FINANCIAL PLAN

Vancouver is the latest city to join the discussions on adding Bitcoin to the government’s financial reserves. At a city council meeting on November 26th, Mayor Ken Sim submitted his notice of motion, where he plans to introduce his proposed Bitcoin bill on December 11th.

The city’s proposal is titled ” Preserving the city’s purchasing power through diversification of financial resources: Becoming a Bitcoin-friendly city. ” It aims to integrate Bitcoin into the city’s financial system and make Vancouver a “Bitcoin-friendly city,” using Bitcoin as a hedge against inflation and promoting economic development.

Vancouver Makes A Move Towards BTC Adoption

Vancouver Mayor Ken Sim is taking the necessary steps to prepare the city for the blockchain. 

As a Bitcoin supporter, Sim is pushing for widespread adoption to hedge against inflation and promote economic development. In a November 27th meeting, Mayor Sim filed a motion of notice detailing his plan to present the proposal to adopt Bitcoin on December 11th.

Under the proposal, Vancouver will transform into a “Bitcoin City” and authorize the city government to diversify its resources to include Bitcoin. If the council approves, residents of Canada’s third-largest city can purchase Bitcoin.

However, it isn’t clear in the proposal if Sim also authorizes setting up a Bitcoin strategic reserve, similar to the one being pushed by US senator, Cynthia Lummis.

Mayor Sim And His Campaign For Bitcoin

Sim is one of the country’s most vocal supporters of Bitcoin. During the campaign, Sim’s party announced it would accept cryptocurrency donations. He explained that their commitment to blockchain technology demonstrates their plan to accept crypto as donations. He also teased the electorate that he will push for crypto-related policies if he wins.

Sim became Vancouver’s mayor in October 2022. During his tenure as city mayor, he rarely gave speeches or talks on Bitcoin and cryptocurrencies. Interestingly, a book titled “The Bitcoin Standard” by Saifedan Ammous was seen in the mayor’s office during his interview with Global News on November 25th. Many observers pointed to this item in his office as evidence of the mayor’s interest in crypto.

Push For BTC Mainstream Adoption Intensifies

Today, Bitcoin continues to surge in price thanks to a growing mainstream adoption. Sim’s move to integrate Bitcoin into Vancouver’s financial system is just one of the many proposals reported recently. According to Jeff Booth, a blockchain author, Mayor Sim’s proposal aims to promote the adoption of Bitcoin as a reserve asset.

Aside from Vancouver, a few states and governments are working overtime to fast-track Bitcoin’s mainstream adoption.

 For example, the state of Florida plans to tap a portion of its pension funds and use it to buy crypto. Pennsylvania is also planning to set up a Bitcoin reserve. Then, there’s the city of Detroit, which teases a plan to accept Bitcoin as a payment option.

@ Newshounds News™

Source:  Bitcoinist   

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@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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