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Seeds of Wisdom RV and Economic Updates Friday Afternoon 12-13-24
Good Afternoon Dinar Recaps,
BRICS NEWS: BRICS ANNOUNCE CREATION OF NEW KEY ALLIANCE: WHAT IT MEANS
Amid the shifting geopolitical landscape, the BRICS bloc has announced the creation of a new key alliance that could have massive ramifications. Indeed, the economic alliance has seen its members come together to establish a new collaborative effort to focus on technological growth over the next six years.
The BRICS bloc has ramped up cooperation over the last two years. As Russia has navigated increased Western sanctions following its invasion of Ukraine in 2022, it has looked to its allies in the global south to continue fortifying its global position. That is poised to continue with the launch of this new alliance.
Good Afternoon Dinar Recaps,
BRICS NEWS: BRICS ANNOUNCE CREATION OF NEW KEY ALLIANCE: WHAT IT MEANS
Amid the shifting geopolitical landscape, the BRICS bloc has announced the creation of a new key alliance that could have massive ramifications. Indeed, the economic alliance has seen its members come together to establish a new collaborative effort to focus on technological growth over the next six years.
The BRICS bloc has ramped up cooperation over the last two years. As Russia has navigated increased Western sanctions following its invasion of Ukraine in 2022, it has looked to its allies in the global south to continue fortifying its global position. That is poised to continue with the launch of this new alliance.
BRICS Launch New Alliance With Massive GDP Growth Expected
The past two years have been massive for the BRICS alliance. It has grown from a five-member bloc to a nine-member collective and introduced a new 13-nation partnership association. Yet alongside its growth has been an ongoing and worldwide technology revolution. Now, the bloc has instituted a new initiative to take advantage of those changes.
The BRICS bloc has announced the creation of its very own AI alliance, according to a Reuters report. Indeed, Russian President Vladimir Putin announced that the country would spearhead plans to develop AI technology within the BRICS nations. The move will see the global south seek to better compete with the world in various emerging technologies.
Russia must participate on equal terms in the global race to create strong artificial intelligence,” Putin said at an AI conference in Moscow. “It is precisely the advanced solutions hat Russian scientists are currently working on.”
Additionally, Putin said the bloc will “invite scientists from all over the world to join in the collaboration.” Currently, Western sanctions have affected Russia’s access to microchips necessary for AI development. Therefore, it is once again turning to its BRICS allies to help it keep pace while the Ukraine war that is driving sanctions persists.
@ Newshounds News™
Source: Watcher Gurur
~~~~~~~~~
TRUMP TEAM EXPLORES CONSOLIDATING OR ENDING BANKING OVERSIGHT BODIES—BIG WIN FOR CRYPTO?
▪️Donald Trump’s presidential transition team is reportedly discussing the possibility of reducing the number of banking regulators, merging agencies, or even eliminating some entirely.
▪️With the potential consolidation or reform of the FDIC, OCC, and Federal Reserve, alongside the CFPB, the crypto market could benefit from a more streamlined regulatory environment, allowing it to flourish more freely.
Advisers to President-elect Donald Trump and officials of the Department of Government Efficiency (D.O.G.E), Elon Musk and Vivek Ramaswamy, are reportedly debating on strategies to slim down or even abolish key financial watchdogs.
According to a report by The Wall Street Journal, this discussion comes as part of a broader push to reconfigure the regulatory framework affecting the banking and crypto sector, which some in Trump’s circle view as overly burdensome. These advisers argue that a significant rollback of regulatory powers could foster a more business-friendly environment for cryptocurrencies.
In interviews, Trump’s advisers have raised questions about the feasibility of consolidating bank deposit insurance functions into the Treasury Department.
Additionally, conversations have included suggestions to combine various regulatory bodies, including the FDIC, the Office of the Comptroller of the Currency (OCC), and the Federal Reserve.
A significant opportunity has emerged for Trump to appoint a new leader to the Federal Deposit Insurance Corporation (FDIC).
Meanwhile, Brian Quintenz, a prominent name in cryptocurrency policy, is being considered for the chair position at the Commodity Futures Trading Commission (CFTC). Current FDIC Chair Martin Gruenberg has announced his retirement, effective January 19.
However, as he steps down, he faces considerable challenges. Republican House of Representatives member Tom Emmer publicly accused Gruenberg of being the “architect of Operation Chokepoint 2.0. and failing to protect his own employees”.
Emmer’s comment is based on a congressional hearing where Gruenberg testified about an investigation revealing a culture of sexual assault, harassment, and mistreatment at the FDIC during his tenure.
For context, “Operation Chokepoint 2.0” is an alleged and unconfirmed initiative suggesting that the U.S. government pressured banks to limit services to cryptocurrency businesses, which may have impacted crypto exchanges like Binance and Coinbase.
Deregulation: A Double-Edged Sword for Crypto?
Nic Carter, a partner at Castle Island Ventures, recently stated that Silvergate Bank likely would have survived if it hadn’t been forced into voluntary liquidation by U.S. regulators.
The bank paid out large fines to its regulators: $43 million to the Federal Reserve, $20 million to California’s Department of Financial Protection, and $50 million to the Securities and Exchange Commission (SEC). Carter revealed that an insider at Silvergate informed him the bank had to limit its crypto deposits to 15% to avoid regulatory repercussions.
Signature Bank and Silicon Valley Bank, both of which were known for their support of cryptocurrency, are additional examples of banks affected by the actions of the FDIC. These banks, which had partnerships with venture capital firms like Andreessen Horowitz and Pantera Capital, shut down in early 2023.
Recently, a federal judge reprimanded the FDIC for its lack of transparency regarding its oversight of banks involved in cryptocurrency. This criticism highlights the need for reforms in the agency.
Additionally, the potential dissolution of the Consumer Financial Protection Bureau (CFPB) adds another challenge for the crypto sector.
The judge’s comments arose during a Freedom of Information Act (FOIA) lawsuit backed by Coinbase, which questioned the FDIC’s redactions of “pause letters” issued to banks concerning their crypto activities.
By abolishing the watchdogs, it can allocate resources more efficiently and encourage innovation in the crypto industry. However, if regulatory changes disrupt the existing financial oversight structure, the crypto industry might find itself in a precarious position as agencies like the SEC, CFTC, and OCC vie for authority over various facets of blockchain.
This process could either clarify regulations or lead to confusion and instability within the industry.
With support from Coinbase and other major crypto firms, the election of pro-crypto candidates marked a pivotal moment for the industry.
The cryptocurrency sector invested over $119 million to support such candidates, resulting in the election of more than 240 pro-crypto lawmakers to the House of Representatives and Senate, a notable success for the push for clearer regulations and leadership in the US.
Coinbase CEO Brian Armstrong declared this as “America’s most pro-crypto Congress ever,” suggesting that the potential abolition of banking watchdogs would represent a substantial win for the crypto industry and could bolster investor confidence.
Additionally, it could enable cryptocurrencies to operate more efficiently, leading to real-time transactions, lower fees, and increased mainstream acceptance.
@ Newshounds News™
Source: Crypto News Flash
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CARDANO (ADA) JUST RELEASED DAEDALUS V7.0.0: MAIN CHANGES
Cardano's developer Input Output announced the release of Daedalus v7.0.0, an updated version of full-node desktop wallet software. Deadalus mechanisms are optimized for a new design of ADA delegation that is necessary for the upcoming Cardano Constitution referendum.
Cardano's Daedalus v7 is out: What changed?
Input Output Global, the development entity behind PoS blockchain Cardano, announced the release of a new version of Daedalus, its full-node wallet software. Daedalus v7.0.0 arrives with major changes of the ADA delegation mechanism.
The new release, which was revealed by IOG on Dec. 10, 2024, enables users to delegate their voting power to delegated representatives (DReps), as voting actors in governance mechanism.
Also, with Daedalus v7.0.0, ADA wallets can choose an automatic voting option (abstain or no confidence), ensuring that the Daedalus community has a voice in crucial developments for Cardano.
Daedalus v7.0.0 build is now available in mainnet, pre-prod and preview iterations. The team of IOG reiterated that the ADA community should be ultra-cautious about Daedalus-related scams.
ADA community to vote on Cardano Constitution in January 2025
Namely, Cardanians should always keep in mind that Daedalus full node wallet is only available for desktops. All announcements regarding "mobile Daedalus" wallets and ADA delegation in them are blatant scams.
Also, in the new voting tab, users can select their registration preference for each wallet held in Daedalus. Existing users will get a prompt to update via the Daedalus newsfeed.
As covered by U.Today previously, Cardano inches closer to the greatest referendum in years. In January 2025, the ADA community will approve or reject Cardano Constitution, an ambitious decentralization principles code.
In early December, Cardano's Constitution draft was approved by a convention in Buenos Aires.
@ Newshounds News™
Source: Trading View
~~~~~~~~~
FRIDAY NIGHT LIVE CONSTITUTION CALL
Discussions on our Constitution, your sovereignty, your rights, your jurisdiction, your citizenship, and your Strawman. Join the call whether you are brand new and know nothing of how we lost our sovereignty, original Constitution, and God given rights over the last 200 hundred years or whether you are a scholar on the subject. We invite all to join. We have two gentlemen, Mike Mason and Jim Silver57, who are well versed on our TRUE history and we invite you to join in the discussion.
JOIN US TONIGHT AT 5 PM PT, 7 PM CT, AND 8 PM ET
JOIN THE CALL HERE
Docs Link
Hear More Calls Here
To join the call you will need the telegram app Here.
Download the app on either your mobile phone or PC, then click the 'Join the Call ' Link above to listen and/or ask questions..
@ Newshounds News™
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WHAT DID HE SAY ABOUT LAW? | Youtube Short
Jim Silver 57 on:
History, Common and Civil Law, Jurisdiction, Language
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
Newshound's Podcast Link
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Q & A Classroom Link
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Thank you Dinar Recaps
More News, Rumors and Opinions Friday Afternoon 12-13-2024
Holly: For clarity
-it is happening
-it is real
-we can see it happening before our eyes
-the world is changing each day to prepare for this
-the financial world is slowly building speed with all the changes that have taken place
- don’t lose hope and keep the faith
But….-Reno is not on high alert nor has the green light been given….At least not yet…
It can happen any time, any moment. No one knows when exactly.
Holly: For clarity
-it is happening
-it is real
-we can see it happening before our eyes
-the world is changing each day to prepare for this
-the financial world is slowly building speed with all the changes that have taken place
- don’t lose hope and keep the faith
But….-Reno is not on high alert nor has the green light been given….At least not yet…
It can happen any time, any moment. No one knows when exactly. Based on the news, things are very promising.
Just keep living your life and doing plan A until plan B happens.
-Holly
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Gold Telegraph: The Fall of the Roman Empire Took 200-300 Years
Dec. 13, 2024
The Ministry of Finance in Russia plans to issue digital financial instruments for gold in 2025. The Finance Ministry believes gold can be used in international payments. BOOM. Things are heating up.
BREAKING NEWS: FLORIDA CHIEF FINANCIAL OFFICER ANNOUNCES HE’S LAUNCHING A STUDY TO SEE IF GOLD AND SILVER BULLION CAN BE USED AS LEGAL TENDER
Another one. The trend is getting stronger.
“The study, which will be conducted by the Florida Department of Financial Services, will focus on physical gold and silver in the form of bars and coins…”
Source: https://www.fox13news.com/news/could-gold-silver-become-currency-florida-cfo-patronis-supports-move
The fall of the Roman Empire took 200–300 years… Initially, currency devaluation was slow, around 1–2% annually, but one emperor sped it up, devaluing the currency 70% in just three years which set off the destruction of the empire. – Billionaire Pierre Lassonde
https://twitter.com/i/status/1867333360445505858
Mr. Lassonde shares his bullish outlook on gold for the next four years, drawing parallels to the explosive market conditions of the late 1970s.
GOLD TELEGRAPH CONVERSATIONS #2: BILLIONAIRE PIERRE LASSONDE. "The gold price will ultimately be decided not in the United States, but in the East." - Pierre Lassonde
https://twitter.com/i/status/1867307651031261417
Canada is considering export taxes on key commodities to the United States including:
1. Uranium
2. Oil
3. Potash
Hello Trade Wars.
The National Debt in the United States has increased by nearly $8.5 trillion since Janet Yellen became the Treasury Secretary. Under her leadership, the U.S. Treasury also launched a debt buyback program for the FIRST TIME in more than 20 years. Talk about a legacy of debt…
BREAKING NEWS: THE PRESIDENT OF THE EUROPEAN CENTRAL BANK CRITICIZES FRANCE AND GERMANY FOR CAUSING SELF-INFLICTED UNCERTAINTY IN THE EUROZONE
They are turning on each other.
“Christine Lagarde said the eurozone economy is ‘losing momentum…”
*************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man ...December 15, I believe remittance auctions will cease...That may be the last you see of the dollar auctions...They're pushing towards getting rid of the illegal market smuggling... Article quote: "Advisor to the Prime Minister Saleh confirmed again...that tightening the control over suspicious financial transfers reduces manipulation of the exchange rate and the stability of the national currency..." Cessation of these auctions of the dollar and the illegal trade, it's going to do wonders. That's their focus and they're not deviating...
Frank26 Parliament is so angry right now because they don't have the ability to steal like they used to. It's called profiteering. If the politicians cannot profiteer anymore off the currency, off of the exchange rate through the CBI, through the auctions, what are they going to do? Only two options - get lost or get along. The majority have decided to get along but they have lost some. They're just stubborn people...Politicians that realize they have no more power in parliament are leaving...Bye Sadr.
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LIVE! FED. NEXT PHASE. EXPECT BANK MERGERS, A CONSOLIDATION OF POWER, AND DEREGULATION.
Greg Mannarino: 12-13-2024
End of EU | Political, Economic & Social Collapse Accelerates Amid Massive Layoffs and Closures
Lena Petrova: 12-12-2024
New Monetary System ? | Steve Penny
New Monetary System ? | Steve Penny
Liberty and finance: 12-12-2024
Steve Penny discusses the potential reordering of the global monetary system under the Trump administration.
Penny will dive into how this shift could impact the markets for gold and silver, offering insights into the future of monetary metals.
In a recent discussion on Liberty and Finance, Steve Penny, a prominent figure from silverchartist.com, delved into the intriguing dynamics of the global monetary system, particularly within the context of a potential Trump Administration.
As economic conditions continue to evolve, understanding the underlying factors that influence precious metals is crucial for investors eyeing opportunities in gold and silver.
New Monetary System ? | Steve Penny
Liberty and finance: 12-12-2024
Steve Penny discusses the potential reordering of the global monetary system under the Trump administration.
Penny will dive into how this shift could impact the markets for gold and silver, offering insights into the future of monetary metals.
In a recent discussion on Liberty and Finance, Steve Penny, a prominent figure from silverchartist.com, delved into the intriguing dynamics of the global monetary system, particularly within the context of a potential Trump Administration.
As economic conditions continue to evolve, understanding the underlying factors that influence precious metals is crucial for investors eyeing opportunities in gold and silver.
The global financial system has long been characterized by a complex web of currencies and policies. However, with the ever-changing political climate, especially with the influence of former President Donald Trump, there are growing concerns about a potential reordering of this system. Penny posits that such a shift could have profound implications for the markets—especially for investors holding gold and silver.
Historically, precious metals like gold and silver have served as a hedge against inflation and economic uncertainty. When trust in fiat currencies wanes—often spurred by geopolitical events or significant policy changes—investors tend to flock to these tangible assets.
Penny indicates that a potential move towards a more nationalistic monetary policy under Trump could catalyze this trend, contributing to a renewed interest in the monetary metals market.
According to Penny, if the Trump Administration follows through on proposed changes to the monetary system, it could lead to increased volatility in traditional markets. Precious metals are often viewed as safe-haven assets during such periods, making them attractive for investors seeking to mitigate risk.
Penny’s insights provide a valuable perspective for investors considering their positions in precious metals. Understanding the potential for significant changes in the monetary framework under a Trump Administration can help them make informed decisions about their investments.
Furthermore, as market conditions change and new policies emerge, it is crucial for investors to remain vigilant and adaptable.
In the world of finance, knowledge is power, and with the potential for significant shifts on the horizon, this is one conversation investors cannot afford to miss. As always, preparation and proactive decision-making will be key to seizing the opportunities that lie ahead in the precious metals market.
Seeds of Wisdom RV and Economic Updates Friday Morning 12-13-24
Good Morning Dinar Recaps,
CRYPTO ADVOCATE FRENCH HILL PICKED TO LEAD HOUSE FINANCIAL SERVICES COMMITTEE IN 2025
As chair, Hill will oversee Federal Reserve, Wall Street, and crypto sector regulations amid growing scrutiny. Congressman French Hill has been appointed as the next chair of the House Financial Services Committee.
He will succeed North Carolina’s Patrick McHenry, who is retiring after a 20-year stint in Congress, including multiple terms leading Republicans on the board.
Good Morning Dinar Recaps,
CRYPTO ADVOCATE FRENCH HILL PICKED TO LEAD HOUSE FINANCIAL SERVICES COMMITTEE IN 2025
As chair, Hill will oversee Federal Reserve, Wall Street, and crypto sector regulations amid growing scrutiny. Congressman French Hill has been appointed as the next chair of the House Financial Services Committee.
He will succeed North Carolina’s Patrick McHenry, who is retiring after a 20-year stint in Congress, including multiple terms leading Republicans on the board.
Hill’s Vision
The Arkansas Republican announced the news on December 13 via X:
“I am humbled that my colleagues have placed their trust in me to lead FinancialCmte as their next Chairman.”
The party’s steering committee appointed the lawmaker to the role on Thursday while finalizing committee leadership for the 119th Congress, which begins next year. This position means Hill will be key for legislative initiatives for the crypto industry that will take shape in the coming year.
In a formal statement, the 68-year-old highlighted his promise to work closely with Speaker Mike Johnson, Majority Leader Steve Scalise, Majority Whip Tom Emmer, and House Republican Conference Chair Lisa McClain in the future.
He also mentioned that he’s looking forward to collaborating with President-elect Donald Trump and Senate Banking Committee Chairman Tim Scott on what he described as “a new era of American prosperity’ for all citizens.
Crypto Legislative Efforts
The Financial Services Committee oversees critical areas, including the Federal Reserve, Wall Street regulations, and the increasingly scrutinized cryptocurrency sector. Hill, who currently chairs the Digital Assets, Financial Technology, and Inclusion subcommittee, has been a vocal proponent of crypto-related legislation.
His efforts include championing bills to clarify regulatory jurisdiction between the Securities and Exchange Commission (SEC) and the Commodities and Futures Trading Commission (CFTC).
He has also collaborated with California Representative Maxine Waters on stablecoin legislation, though the bill was ultimately not introduced.
Additionally, the Arkansan has pledged to investigate Operation Chokepoint 2.0, which he described as an initiative targeting the cryptocurrency sector through politicized debanking.
Trump has previously vowed to end the Biden administration’s war on crypto. Following his re-election, reports came out that his transition team was considering various crypto-friendly candidates for key regulatory positions.
Since then, the President-elect has appointed David Sacks as AI and Crypto Czar and Paul Atkins as the SEC’s new chairman. Hill will officially take on the leadership role when the new congressional session convenes on January 3, 2025.
@ Newshounds News™
Source: Crypto Potato
~~~~~~~~~
COINBASE TO START RESTRICTING STABLECOINS IN EU BASED ON MICA COMPLIANCE
▪️Coinbase will restrict non-compliant stablecoins under MiCA, including USDT, PAX, PYUSD, and DAI, starting tomorrow.
▪️Algorand identified Circle’s USDC and Quantoz’s EURD as compliant alternatives amid shifting EU stablecoin market dynamics
▪️Tether exited Europe but invested in Quantoz, signaling strategic pivots as Circle partners with Binance to challenge Tether’s dominance.
According to Algorand, Coinbase began notifying its European clients that it will begin restricting stablecoins that don’t meet Markets in Crypto Assets (MiCA) requirements tomorrow.
Coinbase Prepares for MiCA
This news comes from the Algorand Foundation, a proof-of-stake blockchain and cryptocurrency.
Algorand directly posted their notice from Coinbase through a social media post and listed the MiCA-compliant stablecoins that its users could switch to. Both of these options, Circle and Quantoz, are entangled in a new struggle for EU stablecoin dominance.
“Dear Client, as a reminder, due to the new MiCA regulation, Coinbase will implement restrictions for stablecoin services that do not meet MiCA requirements. Based on the latest information, we currently expect we will have to restrict services for the following assets: USDT, PAX, PYUSD, GUSD, GYEN, and DAI,” Coinbase claimed in its notice.
MiCA is a comprehensive new regulatory framework for cryptoassets in the EU, and its advent is creating dramatic new market opportunities.
Before this year, Tether was the dominant stablecoin in this market, but it quickly became apparent that the stablecoin giant would not meet compliance. Several firms consider this moment a chance to overtake Tether’s market share.
Tether, for its part, is acting strategically. On one hand, it significantly scaled back EU operations in November. The company also heavily invested in Quantoz, which launched one of two MiCA-compliant stablecoins that Algorand identified. The other approved asset, Circle’s USDC, represents an effort to directly muscle in on Tether’s old territory.
Yesterday, Binance announced a partnership with Circle, seemingly to expand in Europe. Coinbase partially owns Circle, and thus, this public gesture took place despite these two massive exchanges’ rivalry. With their combined capital and resources, the pair could make significant strides in the EU market.
For non-stablecoin crypto firms like Algorand, however, this “MiCA market opportunity” might not impact regular operations. The firm has enjoyed an impressive rally in recent months, and its announcement claimed that users could seamlessly use either USDC or EURD from Quantoz.
@ Newshounds News™
Source: Be In Crypto
~~~~~~~~~
CRYPTO SUCCESS SECRETS NOBODY SHARES | 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 Friday AM 12-13-2024
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. 13 Dec. 2024
Compiled Fri. 13 Dec. 2024 12:01 am EST by Judy Byington
Possible Timing:
Tues-Wed. 17-18 Dec. 2024: Global Financial Collapse. …Gitmo TV on Telegram Tues. 3 Dec. 2024
Thurs. 26 Dec. 2024: Announcement of the Global Restoration Plan. Every citizen will receive information about the new economic and legal structures. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 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. 13 Dec. 2024
Compiled Fri. 13 Dec. 2024 12:01 am EST by Judy Byington
Possible Timing:
Tues-Wed. 17-18 Dec. 2024: Global Financial Collapse. …Gitmo TV on Telegram Tues. 3 Dec. 2024
Thurs. 26 Dec. 2024: Announcement of the Global Restoration Plan. Every citizen will receive information about the new economic and legal structures. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024
Mon. 30 Dec. 2024: Final stages of the transition to the new financial system (allegedly) completed. People will begin to access their revalued currencies and debt relief programs. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024
Wed. 1 Jan. 2025: Basil 4 compliance deadline January 2025 – all banks have to (allegedly) prove the money they say they have is backed by gold in their vault. A new era of Freedom and Prosperity officially begins. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024
Fri. 3 Jan. 2025: Global Unity announced as former Alliances restructure. Leaders will present plans for long term peace and cooperation across nations. …Nesara/Gesara on Telegram 5 Dec. 2024
Sun. 5 Jan. 2025: Release of advanced technologies previously suppressed. Free energy devices, healing technologies and environmental restoration tools will be(allegedly) made available to the public. …Nesara/Gesara on Telegram 5 Dec. 2024
Mon. 6 Jan. 2025: The Quantum Financial System (QFS) will officially be activated Worldwide. (allegedly) This secure, transparent and decentralized system will replace the old banking structure, ensuring fairness and equality for all …Nesara/Gesara on Telegram 5 Dec. 2024
~~~~~~~~~~
Global Currency Reset:
Judy Note: No one knows the exact timing for notification of Tier 4b (Us, the Internet Group) to make their redemption/ exchange appointments. Iraq has long passed their HCL Law (allegedly) (which was needed to establish the Dinar Rate based on oil prices). The US and Canada started (allegedly) paying VIPs on Wed. 4 Dec, Thurs. 5 Dec, and Fri. 6 Dec. The Iraqi Dinar was (allegedly) being paid at $3.49 in-country. On Tues. 3 Dec. Kurdistan was (allegedly) using the Dinar in-country at a $3.28 rate. Rumor was that the Dong had also revalued and had an unknown in-country rate.
Thurs. 12 Dec. 2024 10:34 am MST Ginger of Liberty Lounge: News just came in that Reno is officially on High Alert. I repeat, yes indeed, they are, in fact, on High Alert this very moment.
Fri. 13 Dec. 2024 Jentel: Iraq is (allegedly) doing RV in-country RV in Iraq right now. So many confirmations coming in that she can’t share. Antiquities are getting turned in now as well. She believes that bonds are moving now. We will see (allegedly) notifications Fri. 13 Dec, in the Gazette on Sat. 14 Dec. It’s just taking longer to complete things behind the scenes.
Sat. 14 Dec. to Mon. 16 Dec. 2024 Birdieorbust Regarding the rumor of 96 hours left to go: This matches the timeline Markz expressed of Sat. 14 Dec. through Mon. 16 Dec, so we shall see. But things are happening in Iraq and it has to spill over to us before long.
~~~~~~~~~~
Thurs. 12 Dec. 2024 Bruce:
The Iraqi Dinar was (allegedly) $4 – $4.20 in-country Iraq and trading. Our rates will be (allegedly) much higher and yes, we will be offered the Contract Rate(allegedly). If you want to find out what that is – try to find out what the price per barrel of Iraqi oil is and you find out that and that’s (allegedly) your Contract Rate.
We are hearing we will have an amazing weekend. Notification for Bond Holders and us in Tier4b will be on Sat. 14 Dec.
When you call you will be transferred to a Call Center that will be dealing with you. Your Exchange Center location is dependent on your Zip code or where you want to exchange.
Thurs. 12 Dec. 2024: Goodbye to the old dollars — New banknotes are born and already in use in banks and stores https://infoemplea2.com/en/news/goodbye-to-the-old-dollars-new-banknotes-are-born-and-already-in-use-in-banks-and-stores/
Thurs. 12 Dec. 2024: BREAKING: PALLETS OF CA$H DISCOVERED IN GOVERNMENT BUILDINGS IN DAMASCUS, SYRIA – amg-news.com – American Media Group
~~~~~~~~~~
Global Financial Crisis:
Thurs. 12 Dec. 2024: The governments of both Germany and France both collapsed during the month of Nov. 2024.
Thurs. 12 Dec. 2024: The state of Florida is conducting a study to explore using gold and silver as currency, potentially bypassing the Federal Reserve system.
Thurs. 12 Dec. 2024: Dutch banks tell consumers to keep #cash at home due to geopolitical threats. https://www.brusselstimes.com/1350664/dutch-banks-tell-consumers-to-keep-cash-at-home-due-to-geopolitical-threats
Thurs. 12 Dec. 2024 Chicago: The Rothschild Family is drastically pulling back in North America, with plans to close its Chicago office. This move follows a troubling drop in deal volume, leading to the sudden shutdown of their Miami office, barely a year after its grand opening. Now, the Rothschilds will be left with just three U.S. outposts—in New York, Los Angeles, and Boston—raising questions about the future of their American operations.
Read full post here: https://dinarchronicles.com/2024/12/13/restored-republic-via-a-gcr-update-as-of-december-13-2024/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick The auctions...were the reason why the purchasing power of Iraq's currency was being bled out of the country and out of the hand of the citizens. Those auctions needed to be stopped, changed and eventually metamorphosed into an auction that is usable with foreign currency and the Iraqi dinar in their country. They've accomplished all of this...
Mnt Goat As we get closer to the end of the currency auctions and switchover to the new international system at the end of the year...we read multiple articles on this subject matter. According to my CBI source...this is all part of a news campaign to inform the citizens to justify these very near at-hand changes to the currency auction system...We can clearly see there are crooked politicians that do not want this change in the currency auctions to occur...But for Iraq it is time to shake the shackles of the sanctions, which by the way, have been over since December 2022...To progress further we know that Iraq must changeover their currency and when they do it part of the process is the revaluation.
************
What Happens When Your Credit Cards Max Out? The Debt Doom Loop...
Lynette Zang: 12-12-2024
Today's video is about going over the debt doom loop we are in with consumer debt surging, driving consumer spending, what will happen when the cards max out? Let the debt doom loop begin...
“Tidbits From TNT” Friday Morning 12-13-2024
TNT:
Tishwash: Why will Iraq become one of Trump's "priorities" in the coming period? - Urgent
Political researcher Ahmed Al-Yasiri predicted, on Friday (December 13, 2024), that major changes will take place in the Middle East region after Donald Trump assumes the presidency of the United States of America.
Al-Yasiri said in an interview with Baghdad Today, "Trump is planning major changes in the Middle East region, and therefore the region is entering a new phase, and Iraq will be at the forefront of these changes in terms of the security and economic reality."
TNT:
Tishwash: Why will Iraq become one of Trump's "priorities" in the coming period? - Urgent
Political researcher Ahmed Al-Yasiri predicted, on Friday (December 13, 2024), that major changes will take place in the Middle East region after Donald Trump assumes the presidency of the United States of America.
Al-Yasiri said in an interview with Baghdad Today, "Trump is planning major changes in the Middle East region, and therefore the region is entering a new phase, and Iraq will be at the forefront of these changes in terms of the security and economic reality."
He added, "According to this change, Iraq will witness internal events, some of which will be difficult and related to the security aspect of the weapons file outside the control of the state. Trump is planning to significantly limit these weapons as part of the policy of trimming Iran's arms in the region."
Trump will assume his duties as US President on January 20, and since winning the presidential elections, he has been making provocative statements from time to time about developments in the region, including that if the detainees in Gaza are not released before his inauguration, there will be “hell” in the Middle East, he said. link
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Tishwash: Hassan Ali Abdel: Developing the financial sector is the key to development
Banking expert Hassan Ali Abdul stressed the importance of government trends aimed at promoting the reality of electronic payment and its role in attracting foreign investment flows, and adopting the use of advanced technological means of communications and information.
Abdul explained the importance of supporting the next phase aimed at developing the performance of economic sectors in a way that achieves diversity in the country’s financial revenues and working on preparing in-depth studies on the available and accessible capabilities in non-oil activities and trying to develop them to be able to create alternatives, in addition to the necessity of preparing a long-term strategy that takes into consideration various aspects.
He explained that the entire process requires an advanced banking system capable of supporting all economic operations, and our private banks are now aware of this and are working hard to develop all aspects of their work.
He pointed out that Iraq is an important economic front for many international companies in the coming period, and we must work in this direction and create a suitable environment to attract international efforts. link
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Tishwash: Basra Security: The visit of diplomatic missions aims to highlight Basra as an Iraqi economic capital with enormous development potential
The head of the Security Committee in Basra Provincial Council, Aqeel Talib Al-Furaiji, confirmed that the visit of Arab and foreign diplomatic missions aims to shed light on Basra as an Iraqi economic capital with tremendous development potential.
Al-Furaiji said in a statement by his media office: He accompanied Basra Governor Asaad Al-Eidani to accompany the delegation of diplomatic missions, which included more than 146 figures, to the Grand Faw Port. The tour included a program prepared to introduce the missions to the major projects in the governorate, and an inspection visit to the most prominent stations of the port, including the stages of implementing the submerged tunnel and the completed parts of the project, which reflect tangible progress in its completion.
He explained: "The previous achievements of the local government and its future plans aimed at developing the infrastructure and enhancing Basra's position as a strategic hub in the region were also reviewed.
Al-Furaiji stressed:" Such visits carry a clear message about the authenticity of Basra and its cultural depth, as well as its readiness to receive investments and major projects. link
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Tishwash: Al-Sudani to visit Britain next month
Prime Minister Mohammed Shia Al-Sudani discussed, today, Thursday, in a phone call he received from British Foreign Secretary {David Lammy}, during which bilateral relations and ways to enhance them, developments in the region, and the repercussions of events on the Syrian scene were discussed.
During the call, the Prime Minister stressed, according to a statement from his office, a copy of which was received by {Euphrates News}, “Iraq’s firm position on the necessity of preserving Syria’s security, territorial integrity, sovereignty, and civil peace in light of the free will of the brotherly Syrian people, and respecting their choices and social, ethnic, and cultural diversity, pointing out the necessity for major countries to play their role in stopping the tragedy in Gaza.”
For his part, the British Minister indicated that his government looks forward to the visit that Al-Sudani will make to Britain next month, and the opportunities to enhance the constructive partnership through it, for the mutual interest. He also stressed the commitments of the international coalition towards Iraq in various fields, and the importance of Iraq's pivotal role in preserving the security and stability of the region. link
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Mot: ........ stress of the holidaze
Mot: ... They Say --
Seeds of Wisdom RV and Economic Updates Thursday Evening 12-12-24
Good Evening Dinar Recaps,
GOLDMAN SACHS CEO DAVID SOLOMON SAYS BANK NEEDS REGULATIONS TO CHANGE BEFORE LOOKING AT CRYPTO: REPORT
The CEO of Wall Street titan Goldman Sachs reportedly says the investment bank is not diving into crypto without regulatory permission.
According to Reuters, David Solomon says US regulations need to change before the bank can start holding and trading crypto assets.
Good Evening Dinar Recaps,
GOLDMAN SACHS CEO DAVID SOLOMON SAYS BANK NEEDS REGULATIONS TO CHANGE BEFORE LOOKING AT CRYPTO: REPORT
The CEO of Wall Street titan Goldman Sachs reportedly says the investment bank is not diving into crypto without regulatory permission.
According to Reuters, David Solomon says US regulations need to change before the bank can start holding and trading crypto assets.
Says Solomon during an interview at the Reuters NEXT conference in New York,
“That’s a question you have to ask regulators. At the moment, as a regulated banking institution, we’re not allowed to own a cryptocurrency like Bitcoin as a principal.
We give our clients advice around a variety of these technologies and these issues and will continue to do that, but for the moment our ability to act in these markets is extremely limited from a regulatory perspective.”
Solomon’s statement comes amid growing interest in crypto-focused financial products. Investment giant BlackRock’s Bitcoin (BTC) exchange-traded fund is now bigger than its gold exchange-traded fund despite the latter’s 19-year head start.
The crypto market is also anticipated to explode following the victory of Donald Trump in the November election. The president-elect promised to implement policies that will solidify crypto self-custody and bolster the growth of the industry.
Trump also picked crypto-friendly Scott Bessent and Paul Atkins as Treasury Secretary and U.S. Securities and Exchange Commission (SEC) chair, which is regarded as an early sign of an incoming shift in the government’s stance on digital assets.
@ Newshounds News™
Source: DailyHodl
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IOTA COFOUNDER MEETS PHILIPPINE SECRETARY OF TRADE TO DISCUSS EXPANSION IN SOUTH EAST ASIA
▪️Dominik Schiener met Philippine Trade Secretary Cristina Aldeguer-Roque to explore integrating IOTA’s TWIN logistics network into Southeast Asia by 2025.
▪️IOTA’s Rebased protocol introduces a dual-contract system (EVM and MoveVM) enabling 50,000+ transactions per second with minimal latency.
IOTA, a decentralized blockchain solution known for its scalability and efficiency, is ramping up its efforts in Southeast Asia. In a strategic move, Dominik Schiener, IOTA’s co-founder, engaged in an important discussion with Cristina Aldeguer-Roque, the Secretary of Trade for the Philippines.
This meeting occurred during a high-profile international summit, setting the tone for IOTA’s expanding footprint in the region.
The session highlights cooperation between prominent industry leaders and government officials. Discussions reflect a strategic vision to incorporate TWIN into Southeast Asia’s logistics networks, with the aim of implementing it by 2025.
TWIN seeks to optimize trade processes by merging physical goods with digital infrastructure, eliminating inefficiencies and boosting transparency.
Rebased Upgrade Solidifies IOTA’s Expansion
In parallel, IOTA continues to evolve its ecosystem by introducing the Rebased protocol, which represents a pivotal upgrade for the platform.
Building on earlier updates like Stardust, Rebased brings groundbreaking changes, solidifying IOTA’s standing as a leading blockchain innovator. Features such as low transaction fees, staking rewards, and enhanced scalability further underline its commitment to progress.
The Rebased protocol introduces advanced smart contract capabilities through its unique dual-contract framework, which blends the Ethereum Virtual Machine (EVM) with MoveVM. Developers can now leverage Ethereum-compatible tools or Move-based programming languages to create seamless, scalable solutions on the IOTA network.
Moreover, the Mysticeti consensus switch bolsters the protocol’s capacity, enabling over 50,000 transactions per second with minimal latency. This ensures faster finality while retaining decentralization. Notably, IOTA’s adaptive fee burn mechanism keeps transaction costs low, catering to a wide spectrum of users.
The network’s staking model offers attractive incentives, with an initial annual inflation rate of 6-7% and staking yields as high as 10-15% for participants. Such robust features are steering IOTA toward a sustainable future, fostering innovation in decentralized finance (DeFi) and other blockchain applications.
Expanding Ecosystems and Strategic Partnerships
IOTA’s commitment to scalability is evident in the recent growth of its Ethereum Virtual Machine (EVM) Layer 2 platform. Introduced in June 2024, the platform achieved remarkable success, with its Total Value Locked (TVL) climbing from $30 million to $86 million. To further encourage DeFi adoption, IOTA has set aside $28 million for development over the next two years.
On a global scale, IOTA has forged critical alliances. Notable partnerships include the development of Kenya’s Trade and Logistics Information Pipeline, the tokenization of U.S. Treasuries with Realize, and collaborations with Rabby Wallet, LayerZero, and Pyth Network. These ventures showcase IOTA’s dedication to practical applications of blockchain technology.
As 2025 approaches, all eyes are on IOTA to see how it will continue reshaping the digital landscape, driving transparency, efficiency, and growth across industries worldwide.
@ Newshounds News™
Source: Crypto News Flash
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JUST IN: COINBASE SCORES MAJOR WIN IN FOIA CASE AGAINST FDIC
A Federal Judge has once again ruled in favor of Coinbase as FDIC's redactions in core files were called into question
American crypto trading firm Coinbase Global Inc. has scored another major win against the Federal Deposit Insurance Commission (FDIC) in its ongoing Freedom of Information Act (FOIA) legal battle. This new ruling flags the FDIC for making what the court called “nuanced redactions.”
Coinbase and FDIC: Where is The Case Heading?
According to excerpts of the ruling shared by Paul Grewal, the exchange’s Chief Legal Officer, the Judge said FDIC acted in bad faith with its redactions. The judge noted that the market regulator cannot just “blanket redact everything that is not a preposition.”
This new ruling comes as Coinbase shared documents last week that exposed the FDIC’s role in the much criticized Operation Chokepoint 2.0.
@ Newshounds News™
Source: CoinGape
Read more: X .com
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More News, Rumors and Opinions Thursday PM 12-12-2024
TNT:
Tishwash: Iran takes over OPEC presidency, Iraq as vice-president for 2025
On Wednesday, the Oil Exporting Countries (OPEC) elected Iranian Oil Minister Mohsen Paknejad as interim president of the organization's conference for the year 2025, and Iraqi Oil Minister Hayan Abdul Ghani as vice president.
Iranian Minister Paknejad told reporters about the 189th OPEC conference held via video today, "Various issues were raised in this meeting, the most important of which is Iran assuming the presidency of the next OPEC session in 2025," according to Iranian media.
He added, "In this meeting, the Iraqi Oil Minister was appointed as Vice President of OPEC."
TNT:
Tishwash: Iran takes over OPEC presidency, Iraq as vice-president for 2025
On Wednesday, the Oil Exporting Countries (OPEC) elected Iranian Oil Minister Mohsen Paknejad as interim president of the organization's conference for the year 2025, and Iraqi Oil Minister Hayan Abdul Ghani as vice president.
Iranian Minister Paknejad told reporters about the 189th OPEC conference held via video today, "Various issues were raised in this meeting, the most important of which is Iran assuming the presidency of the next OPEC session in 2025," according to Iranian media.
He added, "In this meeting, the Iraqi Oil Minister was appointed as Vice President of OPEC."
The Iranian Minister expressed his thanks to the President of the Conference and the Ministers of OPEC Member States for their confidence and choosing the Iranian Oil Minister as President of the OPEC Conference in 2025.
"As the President of the OPEC Conference for the year 2025, I will commit myself to harnessing all my capabilities and doing my utmost to enhance the spirit of cooperation, cohesion, solidarity and progress in this organization," Paknejad said.
Yesterday, Tuesday, the Organization of the Petroleum Exporting Countries (OPEC) renewed the mandate of its Secretary-General, Haitham Al-Ghais, for another three years, during a virtual meeting held yesterday.
Al-Ghais took office in early August 2022, replacing Mohammed Barkindo of Nigeria, and OPEC decided to hold its next regular meeting on May 28, 2025. link
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Tishwash: Kurdistan Region signs trade agreement with India
The Chamber of Commerce in Erbil, the capital of the Kurdistan Region, signed an agreement on Thursday to enhance trade with India.
The head of the Erbil Chamber of Commerce, Gilan Haj Saeed, told Shafaq News Agency, "The relations of the Kurdistan Region with India are old, and we always hope for the development of these relations in all fields. India is one of the main countries importing oil to Iraq, and likewise Iraq is a major importer of Indian products."
Haj Saeed expressed his hope that the signing of the Memorandum of Understanding today would be a good incentive to enhance the trade process between the two sides and to include all areas in a way that serves the common interests.
He also hoped that Indian companies would invest in the Kurdistan Region under the current investment law that provides great facilities to investors so that the foreign investor would be considered like the local investor with all privileges, pointing out that "the Kurdistan market needs investments in all fields." link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat “THE TURNING POINT: IRAQ’S LEAP INTO THE DIGITAL ECONOMY” This is...a shift towards better financial inclusion... Iraq’s transition to digital payments will unlock a range of economic benefits and I am told by my CBI contact that this is the precursor to the Project to Delete the Zeros...and the plan to end the currency auctions of using dollars to electronic transactions by the end of the 2024...in about 3 weeks... We...look forward to the initiation of the Project to Delete the Zeros, if in fact the CBI does intend to reinstate the dinar back on FOREX... Let’s all keep an eye for what happens when Iraq finally makes this huge transition away from using purely cash to all digital.
MarkZ [via PDK] I have gotten another report from another Iraq contractor saying that they are due to renegotiate rates on their contracts with the government of Iraq this week. So I am going to say that the rumors out there with contractors are true at this point. I am definitely hearing that a number of contractors are negotiating rates on contracts in the low $3 range. This has me exceptionally excited.
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Good News: Baghdad Selected ATO Capital for 2025; USD/IQD 1310 to $1.00
Edu Matrix: 12-12-2024
Good News: Baghdad has been Selected as the Arab Tourism Organization (ATO) Capital for 2025. This is a big deal for Iraq and could be the beginning of massive tourism income.
Prime Minister Mohammed S. Al-Sudani expressed his gratitude to everyone who contributed to this achievement, adding: "These initiatives aim to enhance service standards and modernize the capital's infrastructure to a level that reflects its historical and cultural stature and that of Iraq as a whole."
The ATO, or the Arab Tourism Organization, was founded in 1954 in Cairo, Egypt. Its mission is to promote tourism in the Arab states and coordinate all efforts to draw up a unified Arab tourist policy.
The organization provides members with all possible services and assists them in acquiring professionalism by supplying them with relevant studies and information. It also removes obstacles to the expansion of tourism.
Seeds of Wisdom RV and Economic Updates Thursday Afternoon 12-12-24
Good Afternoon Dinar Recaps,
TEXAS LAWMAKER PROPOSES STRATEGIC BITCOIN RESERVE
Texas Representative Giovanni Capriglione proposed a taxpayer-free Strategic Bitcoin Reserve.
Texas State Representative Giovanni Capriglione has introduced a bill to establish a Strategic Bitcoin Reserve for the state.
The announcement was made during a discussion on Spaces hosted by Dennis Porter of the Satoshi Action Fund, an organization focused on Bitcoin policy advocacy.
Good Afternoon Dinar Recaps,
TEXAS LAWMAKER PROPOSES STRATEGIC BITCOIN RESERVE
Texas Representative Giovanni Capriglione proposed a taxpayer-free Strategic Bitcoin Reserve.
Texas State Representative Giovanni Capriglione has introduced a bill to establish a Strategic Bitcoin Reserve for the state.
The announcement was made during a discussion on Spaces hosted by Dennis Porter of the Satoshi Action Fund, an organization focused on Bitcoin policy advocacy.
Key provisions of the bill include:
▪️Acquiring Bitcoin as a reserve asset.
▪️Storing the Bitcoin in cold storage for a minimum of five years.
▪️Allowing residents to contribute Bitcoin donations.
▪️Ensuring transparency through annual reports and audits.
▪️Permitting state agencies to accept cryptocurrencies and convert them into Bitcoin.
▪️Establishing guidelines for security and reserve management.
The bill specifies that it will take effect immediately if passed with a two-thirds majority in both legislative houses; otherwise, it will become effective on September 1st, 2025.
This proposal aligns with broader interest in Bitcoin reserves in the U.S. and globally. Earlier this year, a similar federal Strategic Bitcoin Reserve bill was introduced by Senator Cynthia Lummis.
Other states, such as Pennsylvania, and countries including Russia and Brazil, have also put forth similar initiatives.
Lee Bratcher, President of the Texas Blockchain Council, expressed support for the proposal, highlighting Representative Capriglione’s leadership role and noting that the plan does not involve taxpayer funding.
The bill’s progress will depend on legislative deliberation and public feedback, as its implications for Texas’s financial strategy and digital asset policy come under consideration.
@ Newshounds News™
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RAY DALIO SAYS TO INVEST IN BTC AND GOLD, NOT DEBT ASSETS: REPORT
Dalio says he is investing in BTC and gold, not debt assets because the latter would lose their value due to an incoming debt crisis among major economies.
Ray Dalio, an American investor and founder of the world’s largest hedge fund, Bridgewater Associates, says he is investing in bitcoin (BTC) and gold rather than debt assets.
The billionaire, who now serves as Bridgewater Associates’ investment chief, is more interested in the precious metal and cryptocurrency because they are “hard money.”
On the other hand, debt assets like bonds are to be avoided because major economies are bound to face debt crises in the coming years, leading to a decline in their value.
BTC and Gold Over Debt Assets
According to a report from the South China Morning Post, Dalio dropped his remarks on BTC and gold during a speech on December 10 at the Abu Dhabi Finance Week (ADFW).
He stated that all major economies, including the United States, China, and, excluding Germany, are seeing their indebtedness surge to unprecedented levels. Unfortunately, these levels are unsustainable, and there could be a debt money problem in the future.
“I believe that there would likely be a pending debt money problem. I want to steer away from debt assets like bonds and debt and have some hard money like gold and bitcoin,” Dalio said.
The billionaire further explained that debt, money, the economy, acts of nature, and the invention of new technologies are the forces driving everything in the world. Other factors, such as countries’ political and external geopolitical orders, could contribute significantly.
Judging by Dalio’s preference for BTC and gold, he believes these assets are the best for preserving wealth as the world reacts to these forces.
“Don’t get too caught up on the twists and turns of the day-to-day headlines, and instead, think more about the big forces. Think strategically as well as tactically, taking a global perspective while recognizing that what you don’t know about the future is more than what you do know,” the Bridgewater founder added.
BTC Exceeds Dalio’s Expectations
Dalio used to be a Bitcoin critic a few years ago. In 2020, he opined that the crypto asset is unlikely to perform as remarkably as people hoped. Bitcoin was worth around $15,000 at the time.
Four years later, Dalio has become a Bitcoin advocate and now considers the cryptocurrency a better option than debt assets, especially with BTC crossing $100,000 for the first time.
@ Newshounds News™
Source: CryptoPotato
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ROGER VER CLAIMS US TARGETS HIM FOR BITCOIN ADVOCACY, NOT TAXES
Roger Ver, also known as “Bitcoin Jesus,” contests US DOJ tax evasion charges, alleging political retaliation over his crypto advocacy.
Roger Ver, widely known as “Bitcoin Jesus” for his early promotion of cryptocurrency, is contesting charges made against him by the United States Department of Justice (DOJ).
Ver, who renounced his US citizenship in 2014, was arrested in Spain in April. US authorities are seeking his extradition on charges including tax evasion, mail fraud and filing false tax returns.
Prosecutors claim Ver undervalued his assets and failed to report ownership of about 131,000 Bitcoin. He denied the allegations in an interview with Tucker Carlson on Dec. 10.
“I wasn’t an American citizen or living in the US at the time these claims were made,” Ver said. He accused the US government of being “angry” not about taxes but about his “lack of obedience.”
Legal history
According to the DOJ, Ver failed to report significant capital gains from Bitcoin sales and underreported the value of two companies when he renounced his US citizenship in 2014.
Prosecutors allege Ver concealed 131,000 BTC, worth nearly $240 million at the time of sale in 2017, leading to a $48 million tax shortfall.
Ver’s defense argues the allegations are outdated and stem from ambiguous cryptocurrency tax laws. His legal team also contends that US prosecutors misused confidential communications and violated legal protections.
Political retaliation claims
In the interview with Carlson, Ver insisted that the charges don’t stem from tax charges but from his high-profile promotion of cryptocurrencies, which he believes threatens government control of money systems.
He also said that US intelligence agencies orchestrated a campaign to suppress BTC’s original goal of decentralization.
The Bitcoin evangelist also linked his indictment to the recent publication of his book, which he claimed exposes government interference in the cryptocurrency industry.
Tax evasion charges dismissal
On Dec. 3, Ver moved to dismiss the US tax evasion charges by claiming the case was “unconstitutional” and arguing that the Internal Revenue Service’s (IRS) exit tax was “inscrutably vague.”
In the filing, he said that the charges relied on “provisions of the US tax laws” that were unclear about the “application to digital assets of the kind that underlie the charges.”
The IRS exit tax requires that US citizen pay all required taxes before renouncing their citizenship and removing themselves from the country’s taxation system.
@ Newshounds News™
Source: CoinTelegraph
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CHRISTMAS CALL FROM OUR FAMILY TO OKIE AND ALL! | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
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News, Rumors and Opinions Thursday 12-12-2024
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. 12 Dec. 2024
Compiled Thurs. 12 Dec. 2024 12:01 am EST by Judy Byington
Judy Note: No one knows the exact timing for notification of Tier 4b (Us, the Internet Group) to make their redemption/exchange appointments.
Tues. 10 Dec. 2024 MarkZ: A number of my contacts from Iraq that very much believe we will cross the finish line in the next three days.
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. 12 Dec. 2024
Compiled Thurs. 12 Dec. 2024 12:01 am EST by Judy Byington
Judy Note: No one knows the exact timing for notification of Tier 4b (Us, the Internet Group) to make their redemption/exchange appointments.
Tues. 10 Dec. 2024 MarkZ: A number of my contacts from Iraq that very much believe we will cross the finish line in the next three days.
Tues. 10 Dec. 2024 TNT: Kurdistan was using the Dinar in-country at a $3.28 rate today.
Tues. 10 Dec. 2024: A banker and others have contacted me saying Iraq was exchanging the Dinar at a new and higher in-country rate. It is a 24-36 hour window before it reaches Tier4b (us, the Internet Group).
Wed. 11 Dec. 2024 Wolverine: The banks are ready to go. Oil Reform is complete and get ready. Reno needs to start first. Everything goes after Reno. We are nearly there. It may begin today, or tomorrow when Trump rings the bell at the Stock Exchange. We are about to cross that finish line. Just get ready everyone. I love you all. Wolverine https://youtu.be/YDqktdeTPwI?si=eb_Rk2q6V3votzOv
Wed. 11 Dec. 2024 MarkZ: I have gotten another report from another Iraq contractor saying that they are due to renegotiate rates on their contracts with the government of Iraq this week. So I am going to say that the rumors out there with contractors are true at this point. I am definitely hearing that a number of contractors are negotiating rates on contracts in the low $3 range. This has me exceptionally excited.
Thurs. 12 Dec. 2024 Bruce: Bond Holders should receive access to funds on Thurs. 12 Dec. 2024.
Fri. 13 Dec. 2024 Jentel: Iraq is doing RV in-country RV in Iraq right now. So many confirmations coming in that she can’t share. Antiquities are getting turned in now as well. She believes that bonds are moving now. We will see notifications Fri. 13 Dec, in the Gazette on Sat. 14 Dec. It’s just taking longer to complete things behind the scenes.
Sat. 14 Dec. to Mon. 16 Dec. 2024 Birdieorbust Regarding the rumor of 96 hours left to go: This matches the timeline Markz expressed of Sat. 14 Dec. through Mon. 16 Dec, so we shall see. But things are happening in Iraq and it has to spill over to us before long.
El Salvador discovers $3,000,000,000,000 gold mine but no one is allowed to touch it: https://www.uniladtech.com/news/tech-news/el-salvador-discovers-3-trillion-gold-mine-no-one-can-touch-261344-20241210
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Global Financial Crisis:
Mon. 9 Dec. 2024 Financial Dominoes Falling – Banks Facing “Mysterious Failures”
Since October 2024, banks across select regions have been plagued by so-called “technical failures.” Account balances mysteriously fluctuate, transactions are frozen, and fund transfers grind to a halt. Coincidence? Think again.
These aren’t random glitches—they’re the first tremors of a seismic shift in the financial world. The Quantum Financial System (QFS) is running in stealth mode, silently dismantling the traditional banking systems that have enslaved humanity for decades.
As QFS operates alongside legacy systems, it exposes every fraudulent transaction, every artificially inflated scheme, and every hidden dollar. The cracks in their façade are no longer avoidable—the corruption is being laid bare in real time.
Inside the banking halls of the Caball, chaos reigns. Executives are scrambling, feeding the public lies about “system upgrades” and “technical issues,” but the truth is too big to hide: QFS is watching. It’s auditing every move, tracking every shadowy scheme, and unveiling the manipulation they thought was safe.
This isn’t just a few glitches—it’s the Cabal’s worst nightmare. For years, they’ve siphoned off trillions, created artificial shortages, and tightened their grip on the global economy. But the QFS is a system they cannot bribe, hack, or control. It sees everything.
Behind closed doors, the elites are terrified. They know the Quantum Financial System isn’t just exposing them—it’s preparing to obliterate their entire structure. Their empires of stolen wealth, built on lies and deceit, are crumbling.
The storm is here. These “technical issues” are not mistakes—they’re the beginning of the end for the financial system. Every time you see another “bank outage,” remember: this is the sound of the dominoes falling.
What happens when the public learns the truth? When they realize the banks weren’t just inefficient but were actively working against them? The answer is revolution.
Spread this message far and wide. The Cabal’s financial system is dying, and the Quantum Era is rising. We are on the brink of global liberation, and you are witnessing history in the making.
Read full post here: https://dinarchronicles.com/2024/12/12/restored-republic-via-a-gcr-update-as-of-december-12-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick [Iraqi bank friend Aki update] Aki wants us to know there are a lot of rumors...He believes because of these rumors Sudani has something up his sleeve...The CBI is the boss of the currency of Iraq. Sudani is the owner of it. He wants to make sure it's distributed properly...Sudani and the CBI can create an operational budget that does not have to be approved by parliament, therefor superseding the needed laws for Sudani and the budget.
Walkingstick Politicians...that is the only reason we have not seen the new exchange rate yet...Parliament is trying to continually stop what Sudani has promised the citizens of Iraq. Whether it be by the end of this year or the beginning of next year, that promise has to be met and kept...Sudani will arrest as many and all of these parliament politicians that have been going against...the citizens of Iraq. He will not only arrest them but put their faces on television. The citizens will know each and every one of them...
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Gold Repatriation Speeds Up; West Losing Its Power | Andy Schectman
Liberty and Finance: 12-11-2024
Join us for a live Q&A with Andy Schectman, President and CEO of Miles Franklin, as he delves into the growing trend of gold repatriation and its profound implications on global power dynamics.
In this exclusive interview, Andy will discuss how the acceleration of countries reclaiming their gold reserves signals the shifting of economic influence away from the West, and what this could mean for the future of global financial systems.
Don’t miss this opportunity to gain expert insight into one of the most significant trends reshaping global markets today.
Seeds of Wisdom RV and Economic Updates Thursday Morning 12-12-24
Good Morning Dinar Recaps,
EL SALVADOR TO EXTEND CRYPTO AGREEMENTS BEYOND ARGENTINA
El Salvador partners with Argentina to strengthen the digital assets industry, and has talks underway with over 25 nations for similar partnerships.
El Salvador signed a mutual agreement with Argentina to help both countries strengthen their digital asset industries. The Bitcoin-friendly nation is also discussing similar agreements with over 25 other countries.
Good Morning Dinar Recaps,
EL SALVADOR TO EXTEND CRYPTO AGREEMENTS BEYOND ARGENTINA
El Salvador partners with Argentina to strengthen the digital assets industry, and has talks underway with over 25 nations for similar partnerships.
El Salvador signed a mutual agreement with Argentina to help both countries strengthen their digital asset industries. The Bitcoin-friendly nation is also discussing similar agreements with over 25 other countries.
On Dec. 11, Juan Carlos Reyes, president of the National Commission of Digital Assets (NCDA) in El Salvador, announced the signing of a mutual collaboration and training agreement with Roberto Silva, president of Argentina’s National Securities Commission (CNV).
Speaking to Cointelegraph, Reyes said Argentina’s robust and innovative blockchain industry and El Salvador’s technological expertise will “create a highly productive partnership.”
Highlighting El Salvador’s three-year advantage over most countries in digital assets regulation, Reyes said, “One of the most significant immediate benefits will be information sharing, particularly since we have Argentine companies registered in El Salvador.”
Symbiotic partnerships for mutual benefit
El Salvador plans to refine its own regulatory framework and improve its understanding of the digital assets market through its partnership with Argentina. Additionally, Reyes told Cointelegraph that El Salvador regulators are in talks with multiple nations for similar crypto-focused partnerships:
“We are currently in discussions with over 25 countries and anticipate many more agreements in the future. As a regulator, we recognize that our approach may be unconventional since we are not what they are used to a central bank or other legacy entity, which has led to some delays in understanding how we can collaborate with other countries.”
El Salvador seeks cross-border collaboration to further crypto adoption
To effectively collaborate with other nations, El Salvador has set up a team of over 20 members comprising Bitcoin experts and crypto-literate individuals.
Reyes strongly advised against delaying establishing rules and following Financial Action Task Force (FATF) recommendations, giving a clear message to regulators in other jurisdictions:
“The longer you wait, the more challenging it becomes to implement effective regulations, and the greater the risk of scams and money launderers gaining control of the industry.”
Reyes also told Cointelegraph that El Salvador is “nearing completion of two more agreements with other countries,” emphasizing his team’s commitment to helping any nation interested in collaborating with El Salvador.
“Our experience has shown that cross-border knowledge sharing is essential for creating a safe and effective regulatory environment, and we encourage other regulators to prioritize this approach,” he said.
@ Newshounds News™
Source: CoinTelegraph
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DONALD TRUMP CONSIDERING A16Z CRYPTO POLICY HEAD FOR CFTC ROLE: BLOOMBERG
While Brian Quintenz was a CFTC commissioner, he oversaw the launch of the first regulated Bitcoin and Ethereum futures contracts.
President-elect Donald Trump is reportedly considering Brian Quintenz, a former Commodity Futures Trading Commission (CFTC) commissioner, to lead the agency.
Currently serving as the policy lead for VC giant Andreessen Horowitz’s crypto division, Quintenz has emerged as a frontrunner among candidates, according to sources cited in Bloomberg's report.
An announcement is expected in the coming days following the conclusion of interviews for the chair position.
Other candidates reportedly include current CFTC Commissioners Summer Mersinger and Caroline Pham, as well as legal experts Joshua Sterling and Neal Kumar.
If selected, Quintenz would bring a wealth of experience from both the public and private sectors.
During his tenure at the CFTC, he oversaw the launch of the first regulated Bitcoin and Ethereum futures contracts and promoted discussions on decentralized finance (DeFi).
Quintenz’s pro-innovation stance complements Trump’s apparent focus on fostering a supportive environment for the crypto industry, which played a significant role in the 2024 elections.
Andreessen Horowitz alone donated $25 million and $23 million, respectively, to pro-crypto political candidates through its political action committee, Fairshake.
Since joining a16z Crypto, Quintenz has remained an outspoken advocate for crypto-friendly policies, calling for regulations tailored to blockchain technology.
He has criticized the U.S. Securities and Exchange Commission’s (SEC) approach as overly restrictive, noting that the crypto ecosystem needs rules “fit for purpose” to realize its full potential.
“I think what the crypto ecosystem wants is rules that fit its technology, that are fit for purpose, that allow for the innovation to actually reach its full potential,” Quintenz said in a 2022 interview with Decrypt. “You’re not getting that out of the SEC.”
The CFTC chair position is critical as the agency is expected to tackle major policy shifts, particularly amid jurisdictional tensions with the SEC.
If confirmed, Quintenz would oversee a regulatory environment primed for change.
@ Newshounds News™
Source: Decrypt
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“Tidbits From TNT” Thursday Morning 12-12-2024
TNT:
Tishwash: Government advisor: Tighter controls on suspicious money transfers reduce exchange rate manipulation
12/11/2024
Baghdad - WAA - Nassar Al-Hajj
Advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed today, Wednesday, that tightening control over suspicious financial transfers reduces manipulation of exchange rates and the stability of the national currency, while indicating that limiting speculation reduces the use of foreign currencies in unproductive operations.
TNT:
Tishwash: Government advisor: Tighter controls on suspicious money transfers reduce exchange rate manipulation
12/11/2024
Baghdad - WAA - Nassar Al-Hajj
Advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed today, Wednesday, that tightening control over suspicious financial transfers reduces manipulation of exchange rates and the stability of the national currency, while indicating that limiting speculation reduces the use of foreign currencies in unproductive operations.
Salih said in a statement to the Iraqi News Agency (INA): "The Prime Minister's directives to the monetary and financial authorities stressed the intensification of inspection and control procedures for financial transfers and monitoring speculators, which remain of great importance in enhancing currency stability and reducing speculation that is harmful to the national economy, through mechanisms leading to combating illegal speculative activities, including specifically: tightening control over suspicious financial transfers that conflict with the rules of compliance and transparency in a manner that reduces illegal activities, such as money smuggling or manipulation of exchange rates, which maintains the stability of the value of the national currency."
He added that "taking strict measures against speculators and manipulators in the currency market strengthens confidence in the financial system and demonstrates the strength of government policy in protecting the national economy, and increases the confidence of citizens and investors in the country's financial system, in addition to directing resources towards the real economy to invest in the available opportunities in it, whether industrial, agricultural or service," noting that "by limiting speculation, the use of foreign currencies in unproductive operations is reduced, which helps to provide them to finance imports or beneficial investments."
He continued that "the protective measures against currency speculation come to limit the negative effects resulting from the impact of regional crises, through preventive measures that reduce the exploitation of economic and political crises in the region to achieve illegitimate gains, which enhances the stability of the local market."
Saleh explained that "the importance of limiting speculation and speculators' opportunities remains in enhancing the efficiency of the banking system through the role of monitoring financial transfers, which undoubtedly contributes to revealing the loopholes in the banking system and enhancing governance and transparency in it, as such measures are in line with the comprehensive reform plan for the financial and banking sector, and aim to enhance financial stability and prevent violations that negatively affect the national economy." LINK
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Tishwash: Al-Hakim: Kirkuk will get its due in the 2024 budget
The head of the National Wisdom Movement, Ammar al-Hakim, held a press conference in Kirkuk on Wednesday, during which he confirmed that support for the governorates will be present in the 2024 budget and Kirkuk will receive its due share.
Al-Hakim said during the conference, during his meeting with a number of members of the provincial council, heads of administrative units, directors of service departments, and security leaders in the province, in the presence of Governor Ribwar Taha, his deputies, and the head of the provincial council, Engineer Muhammad Ibrahim Al-Hafez, that “Kirkuk is an icon of Iraqi coexistence and the key to consolidating national unity.”
He stressed the "importance of administrative decentralization and the powers of local governments as a guarantee for the unity of Iraq," calling for "abandoning the rentier state and activating productive sectors."
He added, "Kirkuk is a model of coexistence and is prepared to activate agriculture, industry and tourism," indicating that "support for the governorates will be present in the 2024 budget and Kirkuk will get its due share."
He called for “fighting corruption, supporting youth, and spreading positivity,” stressing that “improving services enhances confidence in the political system and fortifies the country,” noting “restoring the powers of local governments according to the constitution and working to facilitate citizens’ transactions.”
Al-Hakim praised the “zeroing of Kirkuk’s stalled projects and stressed the importance of investing in health and education,” adding that “diversifying the economy is the solution to confronting the challenges of population growth.” link
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Tishwash: Parliament and government.. a race with the 2025 budget
The 2025 budget schedules in Iraq are witnessing a delay that is causing widespread controversy between the government and parliament, as the government has not yet sent the full details of the budget to the House of Representatives, which has raised concerns among members of the parliamentary finance committee about the deadline for approval.
The statements indicate that the reasons for the delay are related to reviews of financial schedules, especially those related to oil extraction expenses in the Kurdistan Region and the costs of projects funded in 2025.
The Financial Management Law requires the government to submit the general budget to the Council of Representatives 45 days before the beginning of the fiscal year, in order to allow the necessary time to discuss and approve it. Despite the clarity and explicitness of the legal text, no Iraqi government, including the current government, has committed to implementing this entitlement.
Speaking about this file, member of the Parliamentary Finance Committee, Mustafa Al-Karaawi, revealed the existence of legal and constitutional violations by the government in sending the budget law to the House of Representatives.
Al-Karawi said in a statement to Al-Maalouma Agency, “Article 77, paragraph two of the Federal Triennial Budget Law indicated that the government must send the budget tables before the end of the fiscal year,” indicating that “the government sent only one amendment to the text of the budget, which is the text of Article 12 related to the costs of extracting oil in the region.”
He added, "Not sending the schedules on time is considered a legal and constitutional violation, and if the government proceeds with amendments to the articles, there are many articles that need to be amended and to be fair to many groups," adding, " We recorded all of these observations in the session last Tuesday during the first reading of the amendment to the budget law.”
He explained that "his committee is working on re-amending the budget and sending it to the government to work on general amendments to the law so that it is fair to all segments of society and addresses the problems in the previous budget."
In addition, a member of the Parliamentary Finance Committee, Hussein Mounes, revealed that the budget amendments are subject to political amendments, not technical ones.
In a statement to Al-Maalouma Agency, Mounes said, “The government has a point of view in resolving the issues with the region and limiting oil smuggling operations by increasing production costs by $16 per barrel.”
He added, "During the discussion of the proposal, we raised several questions: Why was $16 set? Is it a technical or political consensus number?"
He pointed out that "the Parliamentary Finance Committee hosted the concerned parties and they confirmed to us that the issue is political and not technical."
He explained that "the government's proposal is to form an advisory body, and in the event of non-compliance, a committee of consultants will be formed to determine production costs."
He pointed out that "the Finance Committee determined that the amount would be an advance granted to the region and that a settlement would be arranged later."
He added, "There are approximately 256 thousand barrels smuggled daily from the region with OPEC's permission. This file must be closed because it negatively affects government production," stressing that "the Finance Committee has reservations regarding the advances and loans granted to the region. "
It is noteworthy that the House of Representatives previously hosted Prime Minister Mohammed Shia Al-Sudani and his deputies, the Minister of Planning, the Minister of Foreign Affairs, and the Minister of Interior, where the amendments to the budget for next year 2025 were discussed . link
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Tishwash: The Iraqi Parliament... Frustrates Iraqis and Causes Huge Financial Losses
The Iraqi parliament ended its second legislative session without being able to pass any of the pending controversial laws, despite extending its sessions for an additional month to try to resolve these sensitive issues.
At the forefront of these laws are the general amnesty, personal status, state real estate, and the vital amendment to the general budget law, which is seen as a renewed dilemma affecting the resumption of oil exports from the Kurdistan Region.
These issues reflect the deep-rooted differences between political parties, where factional, sectarian and national interests appear to be a solid barrier to any common understanding.
According to an informed political source speaking from Baghdad, “the delay in passing the laws was not due to the complexity of the texts as much as it was a direct result of party directives that prompted some representatives to deliberately miss sessions in order to disrupt the legal quorum.”
The source added that these directives are linked to what he called “rearranging political alliances” that precede any influential vote.
Citizen Ahmed Al-Saadi, an activist from Basra, commented in a Facebook post saying: “The House of Representatives lives in a parallel world; it discusses matters that concern its interests while the citizen suffers from crises in services and the economy. The budget is faltering, oil exports have stopped, and millions are being lost every day.”
A similar tweet on the X platform described the situation as “legislative chaos that reflects the collapse of the concept of the state in favor of the concept of class and party.”
The election of Mahmoud al-Mashhadani as the new speaker of parliament has sparked great controversy. Analysts have suggested that this change reflects an attempt to restore the image of the legislative institution, but the same analyses have not ruled out that the issue could turn into a mere change in names without achieving a fundamental change in performance.
Social researcher Ali Al-Jubouri said: “This election is like trying to treat a deep wound with a simple bandage. The problem lies in the quota structure that turns positions into fixed shares for parties and sects.”
On the other hand, obstructing the amendment related to the budget law will cause the state huge losses.
According to economic information published by a local financial institution, stopping oil exports from the Kurdistan Region costs Iraq more than $8 million per day, deepening the financial crisis for both the federal state and the region.
Kurdish citizen Saman Abdullah from Erbil spoke in a video clip he posted on Facebook, saying: “Political differences do not only harm Baghdad, but we in the region are paying the price directly. Employee salaries are delayed, and prices are rising without control.”
An analysis by economic expert Fadhel Al-Dulaimi explained that the crisis could become more complicated if it is not resolved in the coming months.
Al-Dulaimi said: “Without an agreement on the budget law and oil exports, the economic situation may explode, especially with the increase in debts and the decrease in cash reserves.”
The atmosphere inside the parliament is described as gloomy, according to what a citizen named Iman Al-Taie said on her X account, where she said: “The representatives are exchanging accusations via media platforms, while we have not seen any practical steps yet. Everyone blames everyone else, but it is the people who pay the price.”
Thus, the Iraqi parliament remains stuck in a vicious circle of disagreements, as its sessions turn into an arena for settling political scores instead of resolving crises. Analysts expect that this situation will continue as long as sectarian and nationalist quotas govern the state’s scene. link
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Tishwash: Strengthening Iraq’s position”: Praise for Al-Sudani and Al-Halbousi’s regional and international moves
Political analyst, Aid Al-Hilali, praised today, Wednesday, the regional and international moves made by Prime Minister Mohammed Shia Al-Sudani and the head of the Progress Party, Mohammed Al-Halbousi, to enhance Iraq's position and have a role in shaping the region's policies in the future.
Al-Hilali told Al-Jarida, “Iraq, with its careful and balanced stance, has gained the respect and appreciation of the regional and international environment, and the moves made by the Prime Minister at various levels in the issue of openness to the Arab and international environments come in order for Iraq to have a role in shaping the region’s policies in the future. This is a result of Iraq’s great recovery and the agreements and partnerships signed by the Iraqi government with countries of the world, and these connections have great effects on Iraq’s position.”
He added, “There are also political parties that have worked to open channels for dialogue, especially with the United States of America, and one of these figures is Mohammed al-Halbousi, who returned the visit to America and was well received there. This visit received different reactions, between those who welcomed it and those who doubted it, but it seems that al-Halbousi’s visit is in the interest of Iraq and the Iraqi government and greatly supports the position of the Iraqi government.”
He pointed out that “Al-Sudani’s visit to Jordan today and before that his contact with the Emir of Qatar confirms Iraq’s firm and steadfast position and strengthens its position and makes it steadfast in its position, and this stance will be credited to Iraq and Al-Sudani, and despite some political leaders issuing irresponsible statements, Al-Sudani’s rationality, calmness and balance were positively reflected in Iraq’s position.” link
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Seeds of Wisdom RV and Economic Updates Wednesday Evening 12-11-24
Good Evening Dinar Recaps,
US DEMS CHOOSE LEADERSHIP FOR COMMITTEES CRUCIAL TO CRYPTO POLICY
Republican lawmakers are also expected to choose leadership roles for Senate and House committees soon.
Democratic lawmakers have selected ranking members of key committees going into the 119th United States Congress as the party prepares to be in the minority.
Good Evening Dinar Recaps,
US DEMS CHOOSE LEADERSHIP FOR COMMITTEES CRUCIAL TO CRYPTO POLICY
Republican lawmakers are also expected to choose leadership roles for Senate and House committees soon.
Democratic lawmakers have selected ranking members of key committees going into the 119th United States Congress as the party prepares to be in the minority.
In a Dec. 11 notice, Democrats said California Representative Maxine Waters would continue to serve as the ranking member of the House Financial Services Committee into 2025 as the new Congress is sworn in.
The House committee is responsible for legislation and policies affecting the financial services sector, including the cryptocurrency industry.
North Carolina Representative Patrick McHenry, a Republican, will chair the committee until Jan. 3, when he will leave office. Representative Waters has been acting as the committee’s ranking member — the highest leadership position for a party in the minority — since January 2023, when Republicans took a majority of seats in the House.
With McHenry’s impending departure, a few Republicans are under consideration as the next committee chair, including digital assets subcommittee chair French Hill. Lawmakers in the party are expected to decide on leadership positions in the next seven days.
Republicans will take control of the banking committee
With Democrats also losing their majority control of the Senate in January, the party is restructuring its roles for other committees impacting crypto policy. Massachusetts Senator Elizabeth Warren announced after winning her election against Republican John Deaton that she would be the ranking member of the Senate Banking Committee.
The banking committee provides oversight of the US Securities and Exchange Commission and regulators relevant to the crypto industry. Ohio Senator Sherrod Brown, a vocal digital asset skeptic who lost his reelection bid to Republican Bernie Moreno, will chair the committee until January.
Senator Tim Scott, the current ranking member of the banking committee, is poised to be the next chair. The South Carolina lawmaker said at the Bitcoin 2024 conference in July that he would support pro-crypto legislation as chair if Republicans won a majority in the chamber.
Committee providing oversight of CFTC also changing hands
In the Senate Agriculture Committee, currently chaired by Democratic Senator Debbie Stabenow and Republican John Boozman as the ranking member, there is also expected to be a shakeup in leadership following the results of the 2024 election.
Senator Stabenow announced in 2023 that she intended to retire at the end of her term, leaving the door open for Democratic Senator Amy Klobuchar to potentially replace her as ranking member of the committee starting in January. Boozman is also expected to step up as chair.
The agriculture committee has oversight authority of the Commodity Futures Trading Commission, one of the agencies responsible for regulating aspects of the crypto industry. If the Financial Innovation and Technology for the 21st Century Act is signed into law in the next Congress, the CFTC could have more significant influence over digital assets than the SEC.
@ Newshounds News™
Source: CoinTelegraph
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CRYPTO NEWS INDIA: DIGITAL RUPEE TO TRANSFORM PAYMENTS, SAYS OUTGOING RBI GOVERNOR
▪️Outgoing RBI Governor envisions CBDCs replacing paper money for efficient transactions.
▪️Shaktikanta Das calls for careful phased rollout after sufficient research and user data.
▪️Digital rupee expansion targets instant settlements with Asian and Middle Eastern partners.
India is stepping into a new era of finance with the introduction of the digital rupee, a Central Bank Digital Currency (CBDC). Retiring Reserve Bank of India (RBI) Governor Shaktikanta Das recently shared his vision for this groundbreaking currency and how it could reshape the country’s economy.
A Vision for Change
In his farewell speech on December 10, Das spoke about the digital rupee’s potential to revolutionize payments in India. He explained that it could reduce dependence on paper money and make transactions faster and more efficient.
“The RBI, among the central banks, is a pioneer,” Das said, highlighting the institution’s leadership in CBDC development.
India has already taken significant steps toward adopting the digital rupee. The RBI has launched pilot projects, placing India ahead of many countries still in the testing phase. These pilots mark India as a global leader in exploring the possibilities of CBDCs.
Careful and Steady Rollout
Das thinks CBDCs could be very helpful, not only for payments in India but also for transactions between countries. While Das expressed excitement about the digital rupee’s future, he emphasized the need for a slow and steady rollout. He stressed the importance of conducting more research to ensure the currency integrates smoothly into the economy.
Beyond its use in domestic payments, Das also highlighted the digital rupee’s potential for international transactions. He pointed out that India’s payment platform already supports countries like Sri Lanka, Bhutan, and Nepal, laying the groundwork for cross-border CBDC adoption.
New Leadership, New Challenges
As Sanjay Malhotra steps in as the new RBI governor, markets are watching closely to see how he navigates India’s financial challenges. With inflation and economic growth at the forefront, Malhotra’s decisions will play a crucial role in shaping the digital rupee’s future and driving India’s financial transformation.
Under strong leadership and with careful planning, the digital rupee has the potential to revolutionize the way India—and eventually the world—handles payments and transactions.
@ Newshounds News™
Source: Coinpedia
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HIDDEN TRUTH ABOUT LAND DEEDS | YOUTUBE
Mason, Amy, and Lowtide share information about deeds.
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Source: Seeds of Wisdom Team RV Currency Facts
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