Seeds of Wisdom RV and Economic Updates Wednesday Morning 12-18-24

Good Morning Dinar Recaps,

GENSLER GONE, CRENSHAW OUT, RLUSD LIVE: RIPPLE VS SEC FINAL SHOWDOWN ON JAN 15?

Ripple sees a boost as SEC Chair Gary Gensler resigns, and RLUSD launch signals global growth for XRP ahead of key January 15 deadline.

January 15 could be pivotal for XRP as SEC files briefs in Ripple lawsuit; new leadership brings hope for relaxed crypto regulations.

It looks like the clouds are clearing for Ripple as recent events have given it a boost, possibly changing the course of its legal battle. Trump’s promise to fire SEC Chair Gary Gensler on day one seems to be coming true, as Gensler announced his resignation on January 20, the same day Trump is inaugurated. This big news helped push XRP to new yearly highs.

Plus, Ripple’s RLUSD launched on December 17, taking a big step toward global growth. Meanwhile, SEC Commissioner Caroline Crenshaw became a target of the crypto community due to her strong anti-crypto stance and was denied renomination. 

All of these events could lead to something big on January 15, especially with Paul Atkins soon taking over as SEC Chair. Many are hopeful that this will bring a more relaxed approach to crypto regulation.

What Will Happen on January 15?

The SEC has requested an extension to file its principal brief in the ongoing XRP lawsuit with Ripple Labs. The new deadline for filing is set for January 15, 2025.

According to attorney Fred Rispoli, this part of the case is strictly about paperwork — no new evidence or jury trial. There are two appeals in process: one from the SEC and another from Ripple, called a “cross-appeal.”

Each side will submit an opening brief, followed by an opposition brief, and then a reply brief. Afterward, there will be a 15-minute oral argument in front of three judges. 

Fred said that while the argument is brief, it will be crucial, as the judges’ questions can provide insight into their initial thoughts on the case. However, he also said that the entire process could take up to a year and a half, despite the short duration of the oral argument.

Ripple vs. SEC drama heats up will the outcome boost XRP? Reda XRP price prediction points to a potential surge as key decisions loom.

Even if the legal case continues, supporters remain optimistic that the new government will implement the right measures to support the crypto industry. Another bullish development is that Empower Oversight is urging Congress to release an SEC Inspector General report on former chairman Jay Clayton’s actions. This report could bolster their investigation before Clayton is confirmed as U.S. Attorney for the Southern District of New York.

@ Newshounds News™

Source:  CoinPedia

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US TREASURY ISSUES SANCTIONS OVER NORTH KOREAN CRYPTO MONEY LAUNDERING

Alleged crypto money launderers with links to the North Korean regime have been sanctioned by U.S. authorities.

North Korea’s government has been caught red handed—again.

That’s according to the feds, who today announced that they have sanctioned two individuals tied to a crypto money laundering network with alleged ties to the Democratic People’s Republic of Korea.

In a Tuesday statement, the Department of the Treasury’s Office of Foreign Assets Control said it had sanctioned Lu Huaying and Zhang Jian for allegedly laundering digital assets to fund the already heavily sanctioned government in Pyongyang.

The Treasury Department alleged that a front company in the United Arab Emirates, named Green Alpine Trading LLC, was used to turn crypto into cash. The agency credited the UAE for help in targeting the sanctioned individuals.

“Today’s sanctions are a part of ongoing efforts to disrupt the DPRK’s money laundering operations, which finance the regime’s unlawful weapons of mass destruction and ballistic missile programs,” Tuesday’s statement reads.

The sanctions mean that both Huaying and Jian have had their assets frozen and that Americans won’t be able to do business with them or with their company.

Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence Bradley T. Smith added that the North Korean regime used “complex criminal schemes” to fund its missile program—including “exploiting digital assets.”

North Korean actors are no stranger to crypto: Hacking groups with ties to the country’s ruler, such as Lazarus, have used mixing tools like Tornado Cash and other apps in order to hide the trace of dirty funds, U.S. authorities have alleged.

Other digital asset researchers and blockchain trackers have released data showing that hackers with government ties target crypto exchanges to steal funds.  

The U.S. only yesterday hit North Korea with more sanctions, targeting a number of banks and officials with the aim of disrupting the hermit kingdom’s support of Russia’s war in Ukraine.

@ Newshounds News™

Source:  Decrypt

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UK’S FIRST DIGITAL SECURITIES SANDBOX PARTICIPANTS GET PRELIMINARY APPROVAL

The UK’s Financial Conduct Authority (FCA) opened the Digital Securities Sandbox (DSS) for applications at the end of September. It relaxes certain rules for DLT market infrastructures. 

Some of the first applicants have already received preliminary approval, although admittedly it doesn’t mean that much because they can’t go live. However, given it’s only been six weeks since applications opened, it appears the FCA plans to move fast.

The two entities that have announced preliminary approval are (intended) central securities depository (CSD) Montis (owned by Archax) and ClearToken, which plans to operate as a central clearinghouse for crypto and tokenized assets. ClearToken is backed by Nomura’s Laser Digital and Standard Chartered’s Zodia Custody, amongst others.

Like the EU’s DLT Pilot Regime, the DSS plans to relax the rule that exchanges and central securities depositories must always be separate. With DLT, that split is sometimes impractical. The first EU approval of CSD Prague happened 18 months after the legislation came into force. Only two EU entities have been approved so far.

In an attempt to address these sorts of delays, the UK has created a gate system, with Gate 1 as preliminary approval, and Gate 2 as permission to go live within the sandbox. These preliminary approvals are only for Gate 1. For existing regulated entities, the gap between Gate 1 and Gate 2 should not be too significant. 

The FCA said early bank applicants could earn Gate 2 approval by February 2025, with unregulated entities closer to November 2025. Others would be somewhere in between.

Both of the startups, Montis and ClearToken, are yet to receive regulatory approval, so they are likely to have to wait a while to receive Gate 2 clearance. That said, Montis has been working on its CSD licensing for years.

“By applying to the DSS, we are taking a significant step toward creating a dynamic, globally connected financial ecosystem based in the UK,” said Montis Group CEO Martin Watkins. 

“Our proven capabilities in Luxembourg, where we have built an infrastructure service aggregate and record both conventional and natively digital securities using DLT, will provide a strong foundation for the UK’s digital securities markets.”

@ Newshounds News™

Source:  Ledger Insights

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TOP ECONOMIST SHARES WHY SILVER IS THE SAFEST BET RIGHT NOW  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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News, Rumors and Opinions Wednesday AM 12-18-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 18 Dec. 2024

Compiled Wed. 18 Dec. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Judy Note: Beware of Banks: Yes, there are many banks exchanging certain currencies including the Iraqi Dinar right now. WARNING: They will give you the present street rate, not the much higher rate you can receive at an official Redemption Center.

Most of the larger Banks are (allegedly) owned by the Cabal – and they are going broke with the new financial system. In the very near future they will not even be handling our money. So it is not surprising that Banks are now advertising to exchange your currency with them.

Banks are also saying that there is no such thing as a Redemption Center. Not true.

Be aware you will get a much higher rate(allegedly)  at an official Redemption Center, plus a bank is not authorized to redeem Zim.

On Tues. 17 Dec. 2024 Ripple USD Stablecoin (RLUSD) launched, the Iraqi Dinar was (allegedly) being paid out at it’s new revalued rate of just under $8.00 in-country (the international rate has not yet stabilized on the Forex and wouldn’t be until Mon. 23 Dec); Rumors swirled that the Vietnamese Dong has followed suit and XRP went live.

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Tues. 17 Dec. 2024 Bruce:  (RUMORS)

On Mon. 16 Dec. 2024 at 9am Iraqi time Iraq paid it’s contractors at the new Iraqi in-country rate of just under $8.00 and dated the payments back to Aug.

Last weekend 158 countries paid a visit to Iraq and began celebrating the Global Currency Reset.

As of Tues. 17 Dec. 2024 Banking Systems were beginning to process the new gold/ asset-backed US Treasury Note (USTN).

The new gold/asset-backed USTN is now in all banks and Redemption Centers.

XRP is crypto currency and allows the USTN to be live. If you hold XRP you can sell it at your Redemption Center appointment.

On Tues. 17 Dec. 2024 at 8 am EST emails went out to all banks and Redemption Centers explaining the timing of Tier4b exchange appointments.

Tier4b (us, the Internet Group) email notification to set appointments will go out from Wells Fargo overnight tonight or tomorrow Wed. 18 Dec. 2024.

The fiat US Dollar will be phased out within the next three months, or by the end of March 2025.

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(Rumors)

GLOBAL CURRENCY RESET The final countdown: The wait is over, patriots. The Storm is here, and the gears of history are turning faster than ever. Iraq’s oil-backed Dinar has revalued in-country, with rates confirmed at $3.49 in Iraq and $3.28 in Kurdistan. Rumors swirl that Vietnam’s Dong has followed suit, with classified rates already circulating. Tier 4b (that’s us!) is on high alert. Reno has received the green light, and redemption centers are locked and loaded. Trusted insiders confirm the Quantum Financial System (QFS) is fully operational, standing by 24/7 to bypass the corrupt banking systems. The trigger could be pulled at any moment—weekday, weekend, it doesn’t matter. https://x.com/nesaragesara0/status/1868321159671877693?s=46

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Tues. 17 Dec. 2024: Prepare for your GCR Exchange/Redemption Appointment:

Have two photo IDs to present at your exchange.

Count, organize and have copies of your currency and/or Zim

Write down a password that you can use to identify your personal Quantum Account.

If you want to immediately purchase a large item such as a home, have the specific information written down for a Proof of Funds Letter.

If you have a Humanitarian Project:

Have two copies of a 3-4 page write up of your Project, one to give to them, one to keep

Be prepared to give a short summary and a 5-8 min. presentation of your Project.

Know how long your project will last (20-50-100 years?) in order to determine your payout

Know how many people it can employ.

Know how much money you will need for the first 90 days of your Project.

Read full post here:  https://dinarchronicles.com/2024/12/18/restored-republic-via-a-gcr-update-as-of-december-18-2024/

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

Mnt Goat   I am told by my CBI contact that if it is successful after monitoring for inflation, then if all is good, the CBI will launch the Project to Delete the Zeros and we know what comes next. They will have too also launch the new peg of the IQD to the new basket of currencies.  Are you happy yet?

Militia Man  Iraq has massive amount of assets...  Article:   "After the great achievement Iraq efforts to cover a third of the general budget of tourism imports"  What are we talking about?  Non-oil revenue stream.  This is big you guys.  Its impact is going to be a massive boom for Iraq.  That's a lot of money...In the past it's been 95% of oil pays for all the budget.  This article is telling you they're going to cover a third of the general budget with tourism revenue.

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Dollar Hit Historic Peak: Massive Market Rotation In 2025 | Tavi Costa

David Lin:  12-17-2024

Tavi Costa, Portfolio Manager of Crescat Capital, discusses the peak of the U.S. dollar cycle, and its market consequences.

0:00 - Intro

2:25 - Market sentiment

 4:54 - Peak of the dollar

 13:40 - Capital rotation

15:00 - Government spending

18:24 - Death of the Dollar

22:09 - Gold and the dollar

23:30 - Bullish assets from lower dollar

26:06 - Tariffs

28:12 - Investing in Latin America

31:15 - The new role of monetary policy

37:40 - Bond yields

 39:10 - Mining stocks

https://www.youtube.com/watch?v=5zVp0yGxfDQ

“Tidbits From TNT” Wednesday Morning 12-18-2024

TNT:

Tishwash:  Iraqi dollar smuggling returns to the forefront.. Central Bank Governor “beautifies” the bleak picture

Economic researcher, Ziad Al-Hashemi, said that the Central Bank of Iraq suddenly punished 49 Iraqi companies on charges mostly related to smuggling and money laundering through foreign transfers, despite all previous assurances that transfers have become immune to smuggling.

Al-Hashemi considered in a post on the “X” platform, which was followed by “Al-Jarida”, that “this is a procedure that confirms that the Iraqi dollar smuggling system is still very active, and that the Central Bank Governor’s talk about the compliance rate reaching 95% is just rhetoric to beautify the bleak image of the Iraqi banking system.”

He explained that “the 49 companies that were punished are companies operating in various commercial, industrial and service sectors, and this confirms that we are facing a dangerous, broad system that has penetrated the entity of the Iraqi economy and market like cancer!”

He pointed out that "the banking system in Iraq is still heavily penetrated by smuggling and money laundering systems and support for sanctioned entities, and after all these years and promises, it has become not unlikely that there is real collusion and collaboration between the official Iraqi banking system and those smuggling systems."

He continued, "On the other hand, we are waiting for the Syrian documents that will arrive that reveal the size of the illegal trade and the movement of smuggling dollars from Iraq, which the Assad regime used to live on. Then we will learn the details of one of the most important unknown parts of the process of smuggling Iraqi money, which began draining Iraq in 2004 and continues to this day." link

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Tishwash:  Iraq out of the list of major countries holding US bonds 

The US Treasury Department announced on Tuesday that Iraq is no longer a major foreign holder of US bonds. 

Shafaq News Agency reviewed the Treasury report for September, which showed that Iraq was not among the top 20 countries holding US bonds, after it was ranked among the top holders last year with a holding of $32.6 billion.

The report indicated that "Japan topped the list of major countries in holding US bonds, with holdings amounting to $1.123 trillion, followed by China in second place with holdings amounting to $772 billion, while the United Kingdom came in third with $764 billion, the Cayman Islands in fourth place with $420 billion, Luxembourg in fifth place with $417 billion, and Canada in sixth place with $370 billion."

The report explained that Saudi Arabia was the only Arab country that maintained its position among the 20 largest holders of US bonds, as its holdings amounted to $143.9 billion.

The report indicated that the total holdings of US bonds by countries around the world in September amounted to 8 trillion and 872 billion dollars.

US bonds are a type of debt instrument issued by the US government to raise money, and many countries buy them as a safe investment. 

In the past years, many Arab and foreign countries, including Iraq, owned large amounts of these bonds, and over time, Iraq's holdings of US bonds decreased until it left the list of the 20 largest countries holding these bonds.   link

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Clare:  Iraq and Jordan sign a 5-point joint statement, including support for the outcomes of the Aqaba meetings

Speaker of the House of Representatives Mahmoud Al-Mashhadani and his Jordanian counterpart Ahmed Al-Safadi signed a joint statement of five points today, Tuesday, including support for the outcomes of the Aqaba meetings on Syria and support for efforts aimed at stopping the Zionist aggression on the Gaza Strip.

The correspondent of the Iraqi News Agency (INA) said: "A joint statement was issued from the official talks held by Parliament Speaker Mahmoud Al-Mashhadani and his Jordanian counterpart Ahmed Al-Safadi, in the presence of members of the Permanent Bureau in the House of Representatives, the head of the Foreign Affairs Committee, the head of the Jordanian-Iraqi Parliamentary Brotherhood Committee, and members of the Iraqi Council of Representatives representing heads and members of parliamentary committees and blocs.

He added, "Al-Safadi appreciated Al-Mashhadani's visit to the Kingdom as his first official visit since assuming the presidency of the Parliament in Iraq, and the talks concluded with the signing of a joint statement that stated:

First - Strengthening coordination between Jordan and Iraq; to confront the challenges imposed by the circumstances of the region, supporting the brothers in Syria and respecting their will and the necessity of protecting the security of Syria and its citizens, preserving the unity of their lands and ensuring the representation of all their components in the political process, and supporting the outcomes of the meetings hosted by the Jordanian city of Aqaba regarding the situation in Syria.

Second: Enhancing the prospects of Jordanian-Iraqi economic cooperation, removing any obstacles that hinder this, and organizing mutual visits of parliamentary committees and chambers of industry and commerce in both countries, which contributes to opening investment windows in various fields, working to establish cultural and educational cooperation agreements, and benefiting from mutual experiences in the sectors of agriculture, energy and construction.

Third: The importance of completing the project to extend the oil pipeline from Basra to Aqaba, which is considered an economic artery for transportation for the benefit of the two countries, and working to support various joint bilateral and tripartite projects with our brothers in Egypt.

Fourth: Supporting all efforts aimed at stopping the brutal Zionist aggression on the Gaza Strip, rejecting attempts to displace our brothers in the Strip and the West Bank, working to double efforts to deliver relief supplies to the Strip, rejecting all forms of extremist actions by settlers against our brothers in various Palestinian territories, and rejecting the violations practiced against Islamic and Christian holy sites in Jerusalem.

Fifth: Coordinating joint parliamentary positions between the Iraqi and Jordanian Houses of Representatives, based on a long and extended history of solid fraternal relations between the two countries and peoples, in a way that contributes to achieving common interests and defending the nation’s issues.”  link

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Mot: . His Wife is Sooooo Caring - HUH!!! 

Mot: .. Gots to - deck the bike

Seeds of Wisdom RV and Economic Updates Tuesday Evening 12-17-24

Good Evening Dinar Recaps,

CRYPTO-SKEPTIC AND SEC BOSS CRENSHAW AXED FROM SENATE RENOMINATION

Outgoing Securities and Exchange Commissioner Caroline Crenshaw will not be renominated to her position following a decision by the Senate Banking Committee. The hearing to nominate Crenshaw and Gordon Ito to the Financial Stability Oversight Council, previously scheduled for Wednesday, December 17, was canceled, according to multiple reports.

The FSOC is a financial system monitoring agency established in 2010 under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

No room for Crenshaw

News of Crenshaw’s canceled vote came after rising opposition to her renomination to the U.S. SEC. Crypto industry leaders and policymakers criticized Democratic senators for attempting to push Crenshaw’s hearing through without proper vetting.

Coinbase CEO Brian Armstrong said blockchain proponents would closely watch the eventual vote, and the outcome would likely impact future StandWithCrypto donations to politicians.

Crenshaw will be remembered as an anti-Bitcoin and crypto-skeptic SEC Commissioner throughout her tenure at the agency. She infamously voted against approving spot Bitcoin (BTC) exchange-traded funds, and frequently aided soon-to-be ex-chair Gary Gensler’s staunch hostility toward blockchain businesses.

Crenshaw’s removal from consideration clears the way for President-elect Donald Trump to nominate a new SEC commissioner, potentially shaping the agency’s leadership with officials aligned with his pro-crypto agenda.

Trump has so far pitched former SEC regulator Paul Atkins for SEC chair, pending Senate confirmation. Atkins, a pro-Bitcoin entrepreneur and vocal crypto supporter, would replace Gensler who has announced his resignation effective on Trump’s inauguration.

Last month, fellow Dem SEC Commissioner Jaime Lizárraga also announced plans exit the federal watchdog, citing a need for more family time. The Dem-SEC exodus could hand over agency reins solely to the Republican party. Only GOP Commissioners Hester Peirce and Mark Uyeda remain, with Atkins likely to join soon.

@ Newshounds News™

Source:  Crypto News

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UK PLANS TO PROHIBIT PUBLIC CRYPTO OFFERINGS, EXCEPT VIA EXCHANGES

Today the UK’s Financial Conduct Authority (FCA) published a discussion paper on regimes for crypto-asset admissions and disclosures and market abuse regimes. It also reiterated the UK’s timetable for crypto legislation, targeting 2026. A key feature of the admission and disclosures regime is that public offerings of crypto assets will be banned, with two exceptions.

New public offerings of crypto-assets will only be allowed if via a regulated cryptocurrency exchange, or by restricting the offering to qualified investors. The aim is to put the onus on cryptocurrency exchanges to perform sufficient due diligence on offerings and to have a process for rejecting listings for trading. Exchanges may be subject to prudential requirements.

Legislation is needed because currently UK oversight of crypto only applies to anti money laundering and marketing.

Regarding the disclosures, the FCA is keen to avoid making it so extensive that it imposes disproportionate costs on the preparer. They also note that while consumers need comprehensive information, the quantity shouldn’t be so excessive that it obscures critical details. The paper provides a list of the expected contents.

The regulator is keen to encourage issuers to provide some forward looking statements. While these will carry some liability, it doesn’t want to set the bar too high.

 Hence, in the UK there’s a concept of protected forward looking statements (PFLS), where statements that turn out to be untrue only attract liability if the consumer can establish that the issuer knew the statement was untrue or reckless as to the facts.

The UK has a National Storage Mechanism (NSM), a free online repository of regulated information, including prospectuses from issuers. Information related to crypto-assets admitted to trading on crypto exchanges would be included in the NSM.

Preventing market abuse

Additionally, the paper covers steps to address market abuse. It recognizes that existing traditional market abuse regimes may not be as easy to implement for crypto because of market fragmentation, cross border elements, and in some cases, the lack of a clear issuer (such as Bitcoin).

Nonetheless, legislation will aim to prohibit insider dealing, require the disclosure of inside information by crypto exchanges and prohibit market manipulation.

Inside information is sensitive information that could move crypto prices and hence needs to be disseminated as soon as possible to prevent a few people from taking advantage.

However, the listing of a crypto-asset without the issuer’s request can be problematic. The FCA hopes to address this by putting the onus on the entity requesting the crypto listing to make sure inside information is disseminated promptly. 

For traditional markets, the UK has a regulated information service, which is a centralized announcement service, and it is considering using this for crypto.

For the purposes of the paper, crypto assets include cryptocurrencies and stablecoins. However, a separate consultation is expected on fiat-referenced stablecoins in the future.

There’s a three step process of discussion paper, followed by a consultation and then the final policy stance. The Bank of England and FCA issued a joint discussion paper on stablecoins in late 2023.

@ Newshounds News™

Source:  Ledger Insights

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IS PRESIDENT TRUMP GOOD FOR YOUR MONEY?  |  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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Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

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Subscribe to Seeds of Wisdom Team™ Newsletter

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Martin Armstrong: The Fed has Lost Control of Inflation

Martin Armstrong: The Fed has Lost Control of Inflation

Palisades Gold Radio:  12-17-2024

Tom welcomes back Martin Armstrong from Armstrong Economics for a discussion on the geopolitical landscape and growing frustration with government.

Armstrong expresses his belief in an increasing frequency of impactful events due to disillusionment with western governments. Martin delves into the deep state, historical examples of centralized governments leading to instability, and the need for decentralization and respect for individual sovereignty.

Armstrong shares personal experiences and insights about Trump and RFK's anti-war stances. Martin touches upon historical issues, including World War II, communism, the Roman Empire, war causes, and the use of sanctions. Concerns are raised about unsustainable debt systems and their correlation with conflict.

Tom pivots the conversation to Argentina's recent budget surplus, potential application in making cuts to U.S. government waste.

Criticisms follow regarding Federal policies to undermine U.S. States and inact gun control.

Predictions for an economic depression by 2032 are shared, with discussions on differences between a recession and a depression, government debt defaults, interconnectedness of economies, and concerns over career politicians.

The role of the U.S. dollar as a global reserve currency, and potential implications for the world economy are also discussed.

China and Russia's potential role in a global economic takeover, natural resources, the Ottoman Empire, monetary crises, gold on the yield curve, practical implications, gun control, authoritarianism, and vigilance are among other topics covered.

Time Stamp References:

0:00 - Introduction

0:35 - Many Geopolitical Shifts

12:32 - Trump & Ending Conflict

27:39 - Cutting Back Gov't

36:30 - Civil Unrest Preps

46:15 - 2032 - The End Game

53:42 - Trump, BRICS, & Dollar

1:04:54 - Russia's Resources

1:07:58 - Risks & Solutions

1:13:50 - Shelton & Gold Bonds

 1:18:33 - National Guard Concerns

1:21:08 - Wrap Up

Talking Points From This Episode

Growing disillusionment with governments leads to increased impactful events: Armstrong emphasizes decentralization and respect for sovereignty to prevent global unrest.

Trump, RFK's anti-war stances discussed: Influence on NATO territories like Afghanistan and Ukraine, personal meetings recounted.

Predictions of economic depression by 2032: Discussions on debt defaults, interconnected economies, and career politicians' concerns.

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 12-17-24

Good Afternoon Dinar Recaps,

GOLD PRICE LIKELY SUPPRESSED BY CONCENTRATED SHORTING, COULD EXPLODE

At long last, complaints of gold price manipulation and suppression got some respect this week from the Official Monetary and Financial Institutions Forum, a London-based group connected with central banks.

The group published a long paper heralding gold's restoration to the center of the world financial system, "Gold and the New World Disorder," and the paper's chapter titled "Market Disruption -- The Short Squeeze" has this to say about the topic at hand:

"With record demand for gold, much of it from BRICS-related countries, the risks of a squeeze are increasing. This could have several catalysts.

'Bullion banks' holding concentrated gold short positions might need to buy back the metal during another price run.

Analysts have long argued that these short positions suggest market manipulation, citing the disproportionate control held by a few entities.

Lawsuits against banks for manipulating the precious metals markets have yielded some success in recent years. During these lawsuits, some former 'bullion bank' traders have commented about how these gold market strategies might make the market vulnerable to a short squeeze -- either by accident or design.

Academic and other studies provide evidence that 'shorting gold' has historically been used to suppress the gold price, often linked to central bank sales and futures contracts on commodity exchanges.

There is also room for market disruption from imbalances stemming from allocated and unallocated gold accounts, when market participants own just a claim on gold rather than specific bars.

Recent analysis suggests that the unallocated-to-allocated gold ratio at the London Bullion Market Association could range from 20:1 to even 100:1. For every ounce of physical gold backing these accounts, there might be 20 to 100 ounces of unallocated paper gold claims.

This indicates a fractional-reserve system where future claims may far exceed the physical gold available. Predicting the timing of such a squeeze is speculative, given the size of some of these positions and growing world financial and economic tensions.

However, with suspicions rising that some BRICS countries could be considering 'weaponizing' gold against the West, financial markets could be in for a bumpy ride."

Ya think? The Gold Anti-Trust Action Committee (GATA) has been documenting and screaming about this for 25 years. For example, here and here.

If even these "official" guys now can acknowledge not only that the gold market has been heavily influenced by central banks and their bullion bank agents but also that the world has foolishly been depending on a lot of imaginary metal, the racket may be quickly coming to an end -- no thanks to OMFIF itself, which for years has been ignoring all the incriminating information placed in the public domain by GATA.

@ Newshounds News™

Source:  GoldSeek

RLUSD STABLECOIN GOES LIVE: PRICE FLUCTUATES 20% BEFORE STABILIZING

Ripple USD (RLUSD) is officially live on global exchanges. This enterprise-grade stablecoin combines the stability of fiat with the efficiency of blockchain technology. RLUSD will operate on two networks: Ethereum and Ripple’s native XRP Ledger (XRPL). Initially, the price of the stablecoin fluctuated within a 20% range, but it is pegged to the U.S. dollar at a 1:1 ratio, ensuring stability over time.

Ripple CTO David Schwartz had previously said that there might be supply shortages at first, causing the price to fluctuate. However, once supply stabilizes, the price will quickly return to around $1.

He also said, “Since the idea of $RLUSD many months ago to launch in a matter of hours, I’ve been looking forward to more use cases realized on the XRPL and more liquidity on-chain with a trusted stablecoin like RLUSD. Countless opportunities are here for devs and users who want the benefits of XRPL, RLUSD and XRP.”

The stablecoin will be available on exchanges like Uphold, Bitso, and CoinMana, with more expected by the end of the year. Ripple’s stablecoin is fully compliant and backed by US dollar deposits, government bonds, and cash equivalents. This provides the stability and transparency that many stablecoins have lacked.

RLUSD aims to bridge the gap between traditional fiat and crypto, offering benefits like instant cross-border payments, liquidity for remittance, and seamless integration with DeFi protocols. This is huge for XRP and the broader crypto ecosystem.

Ripple’s stablecoin will be a game-changer. It’s backed by years of experience in the financial system and offers a level of compliance and trust that’s currently unmatched. With major partners and exchanges expected to adopt it, RLUSD has the potential to challenge dominant stablecoins like Tether and USDC.

@ Newshounds News™

Source:  CoinPedia

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CURRENCY REVALUATION UPDATES  WHAT YOU NEED KNOW  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

 Thank you Dinar Recaps

“Bits and Pieces” in Dinarland Tuesday Afternoon 12-17-2024

KTFA:

Clare:  After an Interruption of More Than 30 Years, Iraq Wins the Chairmanship of the Executive Council of the Arab Investment Company

12/17/2024  Tripoli - WAA

The Iraqi Embassy in Libya announced today, Tuesday, that Iraq won the presidency of the Executive Council of the Arab Investment Company in the year 2025.

The Chargé d'Affaires of the Embassy, ​​Ahmed Al-Sahaf, told the Iraqi News Agency (INA) that "in a prominent diplomatic step, Iraq succeeded in winning the presidency of the Arab Investment Company during the 63rd session of the Arab Economic and Social Council held in the Jordanian capital, Amman, to return to this position after an absence of 32 years," noting that "Iraq has not been able to obtain the presidency of the aforementioned company's council since 1992."

He explained that "this achievement came as a result of joint coordination between the Ministries of Foreign Affairs and Industry and within the priorities of the government program of Prime Minister Mohammed Shia al-Sudani, and the emphasis of Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein on repositioning Iraq's role in regional and international organizations, within the multilateral diplomatic path

As well as the strategic planning and management that the Iraqi Ministry of Industry has been pursuing, and in accordance with productive diplomacy, through intensive efforts led by the Iraqi Embassy in Tripoli, headed by the Chargé d'Affaires, Dr. Ahmed al-Sahaf, who was able to obtain decisive Libyan support to strengthen Iraq's candidacy, through coordination with the Chairman of the Investment Authority in the State of Libya, Dr. Abdul Hakim al-Fitouri, who gave Libya's vote to Iraq, which it needed to secure victory."

He noted that "Iraq's hosting of the company's executive council meetings in 2025 in Baghdad is a step aimed at enhancing Arab cooperation in the fields of industry and infrastructure, and consolidating Iraq's position as a pivotal industrial center."  LINK

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Clare:  Get ready.. The exchange rate is set to rise again: The dollar selling platform will stop and “the shock is coming”

12/17/2024  - Baghdad

Economic expert Nasser Al-Tamimi warned, today, Tuesday (December 17, 2024), of a rise in the dollar exchange rate in Iraq in the coming days.

Al-Tamimi told Baghdad Today, "There are real fears in the Iraqi market of the continued rise in the dollar exchange rate after the Central Bank of Iraq stopped working on the platform," indicating that "this matter will constitute a shock, especially at the beginning of implementing the decision and will lead to a rise in the dollar, to increase demand for it in the parallel market."

He added that "after the platform is stopped, most traders, especially small ones, will depend on the parallel market to finance their foreign trade, while continuing to finance trade with Iran and Turkey in dollars, through illegal means," noting that "this is what will lead to the rise, and therefore practical steps must be taken to prevent this by the country's monetary authority, and urgently."

The Central Bank of Iraq revealed on Wednesday (September 4, 2024) the mechanism for ending the electronic platform for foreign transfers, while indicating that the placement of foreign transfer operations and meeting requests for the dollar are on sound paths and consistent with international practices and standards. 

The bank said in a statement received by "Baghdad Today", that "the electronic platform for foreign transfers managed by the Central Bank of Iraq began at the beginning of 2023 as a first stage to reorganize financial transfers in a way that ensures proactive oversight of them instead of subsequent oversight by the Federal Reserve auditing daily transfers, and this was an exceptional procedure as the Federal Reserve does not usually do this, and a gradual shift was planned towards building direct relationships between banks in Iraq and foreign correspondent and approved banks, mediated by an international auditing company to conduct a pre-audit of transfers before they are executed by correspondent banks."

He added that "during the year 2024 and until now, 95% of the transfer process from the electronic platform to the mechanism of correspondent banks directly between it and Iraqi banks has been achieved, which means that only about 5% of it remains within the platform, which will be transferred using the same mechanism before the end of this year and according to the plan," explaining that "some expectations about potential impacts on the exchange rate and transfer operations are baseless, because the process will not be sudden or in one batch at the end of this year, but rather it was originally achieved during the past period with effort and careful follow-up, except for the remaining small percentage that will be completed in the coming short period."

He stressed that "trade with the United Arab Emirates, Turkey, India and China represents about 70% of Iraq's foreign trade as (imports), which prompted the Central Bank of Iraq to find channels for transfer in euros, Chinese yuan, Indian rupees, and Emirati dirhams, through accredited correspondent banks in those countries, and (13) Iraqi banks have actually begun conducting transfer operations with a pre-audit mechanism that has been agreed upon and approved in addition to transfers in dollars."

He continued: "With the provision of channels for personal transfers for legitimate purposes and external purchases through electronic payment channels and international money transfer companies and cash sales to travelers, and the payment of cash dollars for incoming transfers to the parties and purposes specified in the Central Bank's published instructions."

The Central Bank of Iraq stressed that it "put foreign transfer operations and meeting dollar demands on sound tracks consistent with international practices and standards and the Anti-Money Laundering and Terrorism Financing Law," explaining that "providing the aforementioned channels for all purposes at the official dollar price makes this price the true indicator of economic practices, which is proven by the reality of price stability and control of inflation, and any other price traded outside those channels is an abnormal price that those with unorthodox or illegal practices resort to, who avoid official channels in their dealings, and bear the additional costs alone by purchasing at a higher than the official price to delude others with the difference between the official price and others."  LINK

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

Frank26   [Iraq boots-on-the-ground report]  FIREFLY: Mr Sammy just told me when Iraq cancels the auctions and the change over occurs to the dinar, that's actually a process of the revaluation.  FRANK:  That is the last step in the process...The question is, when will this happen?  In my strong opinion this is based on the ending of the auction on December 31, 2024 then January 1, 2025 should be a start.  Of course you know this is the Middle East so I'm not offering you a date.  You know the Iranian politicians in Iraq are doing everything to stop it.  If this event wasn't real, they wouldn't be stopping it...

Frank26  [Iraq boots-on-the-ground report]   FIREFLY:
We are hearing another gazette is missing from the publication.  They say it's number 485.  They say it was completed but it is not published publicly yet.  We thinking it's because it has the article 12 items related to it... FRANK:  Article 12 is the introduction of a restricted free currency with no sanction to the international world.  It does not mean it has to have value but it means that it can leave your borders and gain value in an international basket.  Everything is set up so perfect. 

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CRASH INCOMING: This is What the Final Stage of the Everything Bubble Looks Like

Taylor Kenny:  12-17-2024

Every financial bubble in history, from the Tulip Mania of the 1600s to the 2008 housing crash, has followed the same cycle: euphoria, denial, panic, and collapse.

 In this video, I break down exactly where we are in today’s bubble, how speculative growth and market concentration are fueling delusion, and why the collapse is already baked in.

CHAPTERS:

 00:00 Every Financial Bubble Bursts

01:10 The Stages of a Financial Bubble

02:15 Smart Money vs. Public Investors

 03:21 Greed and Delusion: Where We Are Today

 04:27 Expectations for Stock Prices vs. Income

05:40 FOMO and Market Delusion

06:51 The Dot-Com Bubble vs. Today’s AI Boom

08:05 Stock Market Concentration: The S&P 5

08:39 What Happens After Delusion: The Crash

 10:21 Volatility and Risk: The New Normal

https://www.youtube.com/watch?v=4Uyqvy-SHfQ

News, Rumors and Opinions Tuesday 12-17-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 16 Dec. 2024

Compiled Mon. 16 Dec. 2024 12:01 am EST by Judy Byington

Sun. 15 Dec. 2024 Eric Trump Declares XRP, ADA, ALGO, and HBAR Tax-Free Under Trump Administration! …Charlie Ward on Telegram

Eric Trump has just ignited a financial revolution, announcing that major crypto currencies like XRP, ADA, ALGO, and HBAR will be 100% tax-free under the Trump Administration . This game-changing move positions the U.S. as the global crypto powerhouse, sending shockwaves through the financial world and leaving other nations scrambling to catch up.

The Crypto Revolution Begins Now: Speaking at a major conference, Eric Trump didn’t mince words: “Under President Trump, America is open for crypto business. No taxes, no barriers—just innovation.” This policy isn’t just about tax relief—it’s a declaration of financial independence. By eliminating taxes on U.S.-issued digital assets, the Trump Administration is creating a crypto sanctuary where innovation thrives and traditional banking crumbles.

A Direct Hit on Banks: Eric Trump unleashed a fiery attack on traditional banks, calling them “archaic relics” that punish the people with fees and inefficiency. “Crypto doesn’t sleep. It doesn’t need a middleman. This is the future—and the banks are terrified.” The message is clear: America is leading the charge toward decentralization and freedom.

The BITCOIN Act of 2024: A Bold National Strategy To secure America’s dominance, the Trump Administration is launching the BITCOIN Act of 2024, creating a national Bitcoin reserve and transferring federal holdings to the U.S. Treasury. The goal? One million Bitcoins in five years, solidifying Bitcoin as a national asset and making the U.S. the epicenter of blockchain innovation.

Why This Matters: This isn’t just a policy—it’s a movement. With nations like Italy taxing crypto gains at 42%, America’s zero-tax stance will attract developers, investors, and innovators worldwide. The future of finance is here, and America is taking the lead.

Get ready for the crypto revolution—the storm is here, and the system will never be the same. Banks beware. Blockchain wins.

Read full post here:  https://dinarchronicles.com/2024/12/16/restored-republic-via-a-gcr-update-as-of-december-16-2024/

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Ariel:  People Who Hold IQD Should be Ready

Tues, Dec 17th 2024

Dec. 17th:  Which coincidentally appears to be the same day that Iraq launches payments for the Kurdistan region. I will say this once they release the new exchange rate things are going to speed up people.

This is going to be almost like everything, everywhere, all at once to some degree. There will still be phases. Which I think will be phases 4 being the final.

A lot of people are going to have a hard time with 3. Which will determine if you even qualify what will happen in 4. But that’s another story for another time. But definitely not long before we get there.

People who hold IQD should be ready to get things moving in whatever manner suits you best. Because there will be a shift in how banks decide to deal with you once they find out you have foreign currency. Even the ones who told you they do not trade it. You will be the boss.

Watcher.guru:  JUST IN: Ripple to launch $RLUSD stablecoin on December 17.

https://dinarchronicles.com/2024/12/17/ariel-prolotario1-people-who-hold-iqd-should-be-ready/

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

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

Militia Man  Article quote: "Tomorrow the opening of the electronic passport system in American cities of Los Angeles and Detroit..."  What's that mean?  We have some big populations of Iraqis in those communities ...On the 16th they're going to allow you to get a passport electronically.  There's going to be a lot of Iraqis that have Iraqi dinar just like we do.  When that purchasing power comes...they're going to have purchasing power.  That's why Sudani and other have been hoping they could repatriate those people...to help that money they have come back home and invest...The electronic passport system...in coordination with the Ministry of Foreign Affairs is a big deal...Is there any coincidences?  I don't think so.  There are no coincidences.

Frank26  You know how many times that makes that Sudani told the citizens that he's going to keep his solemn oath promise to give them purchasing power?  You know how many times he has said that?  This is the ninth time...Why would Sudani be a habitual informer to the citizens that he's going to keep his promise of giving them purchasing power through a new exchange rate by lifting the three zeros off their exchange rate and introduce lower notes?  Why would Sudani do that so many times? 

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Is Gold The Fed's Plan B? | David Morgan

Liberty and Finance:  12-16-2024

David Morgan speculates that the Federal Reserve may eventually consider integrating gold into a new monetary system, especially as a backup if the global adoption of central bank digital currencies (CBDCs) faces resistance.

 He suggests that while CBDCs could be the primary currency of the future, central banks, like those in China and India, are accumulating gold as a form of "plan B."

This gold could be used as a reserve to stabilize the financial system if digital currencies fail to gain sufficient trust or adoption.

Morgan believes that gold could serve as a "carrot" to encourage compliance with the new system, possibly leading to a CBDC linked to gold.

This theory aligns with a broader trend where nations, despite pursuing fiat-based digital currencies, are hedging their bets with gold to maintain monetary stability.

INTERVIEW TIMELINE:

0:00 Intro

1:30 Digital Rupee

5:39 India's & China's gold purchases

9:55 Gold & CBDCs

14:51 Gold & silver markets

 16:13 Platinum & palladium markets

21:35 Fed meeting

https://www.youtube.com/watch?v=4461cYg-Nlo

Seeds of Wisdom RV and Economic Updates Tuesday Morning 12-17-24

Good Morning Dinar Recaps,

RLUSD TO BE LISTED ON UPHOLD WITH 5% REWARDS—WILL ALL XRP USERS BENEFIT?

▪️Ripple’s RLUSD stablecoin launches on Uphold on December 18 with 5% rewards starting January 2025.

▪️RLUSD is backed 1:1 by USD reserves and approved by NYDFS.

Ripple’s new USD-backed stablecoin, RLUSD, will be fully launched on the Web3 financial platform Uphold on 18 December 2024. In January 2025, RLUSD will become part of Uphold’s Rewards Center, allowing users to be rewarded for holding the stablecoin. This launch is an important milestone for Ripple and its attempts to advance digital payment systems and bring value to XRP holders.

Uphold and Ripple Partnership

RLUSD is authorized and established under the New York Trust Company Charter and regulated by the New York Department of Financial Services. It is backed 1:1 by USD reserves and cash equivalents, a position that must be stable and reliable.

Maintaining stablecoin transparency is ensured through regular, preferably monthly, third-party audits. The stablecoin itself has enhanced enterprise-grade security. Ripple has also audited RLUSD’s smart contracts to improve safety and its reception by institutions.

Exclusive Rewards and User Benefits

Later in January 2025, RLUSD stored on Uphold will be eligible for several privileges from the platform’s Reward Center. The users will be paid 5% of the RLUSD holdings by simply browsing the platform, depositing assets, trading, and many other activities. Also, participants will be given a limited opportunity to get insight into all the top cryptocurrencies and first dibs on any new token sale.

Uphold has made the latest change in its Rewards Center, introducing a tier structure. Those specific users who have managed to get through all three levels will be given the opportunity to use RLUSD a full day before anyone else. This initiative corresponds to Uphold’s approach of involving people and providing utility to the XRP stakeholders.

Future Expansion and Strategic Partnerships
Ripple’s RLUSD stablecoin, which will be accessible on MoonPay, Archax, and is going live on CoinMENA soon and on Bitso, Bitstamp, Bullish, and Mercado Bitcoin in the following weeks. Such a wide release is believed to help boost awareness and acceptance of RLUSD in different world markets.

Ripple has assembled an advisory board to steer the development of RLUSD, which includes Raghuram Rajan, former governor of the Reserve Bank of India, and Kenneth Montgomery, former chief operating officer of the Federal Reserve Bank of Boston. Current members present at the platform include Sheila Bair, David Puth, and Chris Larsen, co-founder of Ripple.

As we have seen, with the introduction of RLUSD and its inclusion in Uphold, Ripple is again establishing its relevance in the digital payment systems’ ecosystem. Uphold maintains strategic participation in such platforms in line with its goals of providing genuine financial services in the blockchain industry.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

BRICS ISN’T THE REAL THREAT TO THE DOLLAR, THE US IS: HERE’S WHY

With the US president-elect targeting the BRICS bloc in 2025, many experts are worrying that the real threat to the US dollar lies eternally, not with BRICS. Donald Trump recently demanded that the BRICS nations “commit” that “they will neither create a new BRICS Currency nor back any other Currency to replace the mighty U.S. Dollar.” Trump also backed this threat with several tariff increases. However, could these backfire and harm the dollar more?

One Bloomberg analyst says that if Trump wants to maintain the dollar’s primacy, he should recognize that its value is not dependent on American power and threats, but on American reliability. How much could his incoming presidency harm BRICS, or the US dollar itself?

To Pursue or Not Pursue De-Dollarization: What are BRICS’ Plans?

South Africa released an official statement to affirm no common currency was planned. Furthermore, India’s foreign minister insisted that BRICS nations had “no interest in weakening the US dollar.” Even Russia’s President Putin said last month that the bloc isn’t aiming to destroy the greenback. That mission may still be carried through by the US itself though, putting the bloc in an advantage in 2025.

The BRICS bloc’s true mission appears not to be hurting the US economy or to challenge the primacy of the dollar. They want to instead carve out a section of the financial system that isn’t subject to US power. The US, however, hasn’t done well to keep its native currency strong over the last few years. The 2020 pandemic saw the dollar weaken dramatically, and nations around the world grew frustrated with the currency.

Trump to do More Harm to US Dollar Than BRICS?

Additionally, Trump’s Tariff plan may also do more harm than good to the US economy. If enacted, the tariff could be the catalyst for inciting continued efforts to abandon the US dollar on a global scale.

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

Although BRICS nations have previously said that they would not seek to ditch the currency, Trump’s policies could drive a necessary recalculation of what would be best for these countries.

The imposition of Western sanctions drove Russia to initiate de-dollarization efforts through its BRICS alliance. The weaponization of the greenback saw the bloc further enhance trade deals, ultimately leading to the promotion of local currency trade. That will only enhance under Trump’s tariff plan.

Moreover, it will harm American industries. The current efforts to ditch the US dollar wouldn’t have the same effect on imports that the incoming president would.

Russian spokesperson Dmitry Peskov addressed Trump’s recent warning for the alliance specifically. “More and more countries are switching to the use of national currencies in their trade and foreign economic activities,” he said.

The global trade market is now as hungry as ever for a US dollar alternative. Several countries within BRICS are switching to local currencies, and even pursuing new reserve currencies not named USD. 

With Trump looking to put an iron fist on BRICS and USD opposers, the damage and fears may start growing more from the inside than his targets. The US may no longer be the middleman for many countries in global trade soon if the US dollar is indeed abandoned.

@ Newshounds News™

Source:  Watcher Guru

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WARNING MERGING SEC AND CFTC COULD COST YOU BILLIONS!  |  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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Thank you Dinar Recaps

“Tidbits From TNT” Tuesday Morning 12-17-2024

TNT:

Tishwash:  After an Interruption of More Than 30 Years, Iraq Wins the Chairmanship of the Executive Council of the Arab Investment Company

The Iraqi Embassy in Libya announced today, Tuesday, that Iraq won the presidency of the Executive Council of the Arab Investment Company in the year 2025.

The Chargé d'Affaires of the Embassy, ​​Ahmed Al-Sahaf, told the Iraqi News Agency (INA) that "in a prominent diplomatic step, Iraq succeeded in winning the presidency of the Arab Investment Company during the 63rd session of the Arab Economic and Social Council held in the Jordanian capital, Amman, to return to this position after an absence of 32 years," noting that "Iraq has not been able to obtain the presidency of the aforementioned company's council since 1992."

She explained that "this achievement came in accordance with the joint coordination between the Ministries of Foreign Affairs and Industry and within the priorities of the government program of Prime Minister Mohammed Shia al-Sudani, and the emphasis of Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein on repositioning Iraq's role in regional and international organizations, within the multilateral diplomatic path

As well as the strategic planning and management that the Iraqi Ministry of Industry has been pursuing, and in accordance with productive diplomacy, through intensive efforts led by the Iraqi Embassy in Tripoli, headed by the Chargé d'Affaires, Dr. Ahmed al-Sahaf, who was able to obtain decisive Libyan support to strengthen Iraq's candidacy, through coordination with the Chairman of the Investment Authority in the State of Libya, Dr. Abdul Hakim al-Fitouri, who gave Libya's vote to Iraq, which it needed to secure victory."

He noted that "Iraq hosted the company's executive council meetings in 2025 in Baghdad, a step aimed at enhancing Arab cooperation in the fields of industry and infrastructure, and consolidating Iraq's position as a pivotal industrial center."  link

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Tishwash:  Jordanian Parliament: We are happy to see Iraq recovering, as it is the heart of the Arabs and the basis of their strength

During a meeting with Mahmoud Al-Mashhadani

 Jordanian Parliament Speaker Ahmed Al-Safadi confirmed on Monday that his country is happy to see Iraq recovering, and said that it is “the heart of the Arabs and the basis of their strength,” during his reception of his counterpart Mahmoud Al-Mashhadani and the accompanying delegation on a visit after an official invitation.

Today, Monday, the Speaker of the House of Representatives, Dr. Mahmoud Al-Mashhadani, and the accompanying parliamentary delegation arrived at the Jordanian House of Representatives building, in response to an official invitation from the Speaker of the House, Mr. Ahmed Al-Safadi.

The Speaker of the House of Representatives stressed that the Hashemite Kingdom of Jordan has priority in our official visits and is our first destination after our presidency of the House of Representatives, stressing that Iraq needs all its people and brothers and we are committed to standing with the Arab nation in all its issues.

Dr. Mahmoud Al-Mashhadani added that the situation in Palestine today needs a serious Arab stance, which requires concerted efforts to support the rights of the Palestinian people. Likewise, the situation in Syria and Lebanon needs real support and assistance to confront the political, economic and security challenges that these sister countries are going through.

For his part, Mr. Ahmed Al-Safadi welcomed President Al-Mashhadani and his accompanying delegation during the meeting, saying: Today we are happy to see Iraq recovering, as it is the heart of the Arabs and the basis of their strength.

The meeting was attended by a number of representatives, in addition to Mr. Omar Al-Barzanji, the Iraqi Ambassador to the Hashemite Kingdom of Jordan.

The visit aims to strengthen relations between the two brotherly countries in various political, economic and security fields, in addition to discussing regional and international issues of common interest.  link

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Tishwash: Exchange rate rises in local markets as dollar selling platform in Iraq nears completion

The dollar exchange rate recorded a new rise today, Tuesday (December 17, 2024), during trading on the main stock exchange and the local market .

Baghdad Today correspondent said that the dollar exchange rate recorded 150.950 dinars for every 100 US dollars in the main stock exchange in the capital, Baghdad .

He added that the selling price in the exchange offices recorded 152,000 dinars, while the buying price recorded 150,000 dinars for every 100 US dollars.

On Wednesday (September 4, 2024), the Central Bank of Iraq revealed the mechanism for ending the electronic platform for foreign transfers, while indicating that the placement of foreign transfer operations and meeting requests for the dollar are on sound paths consistent with international practices and standards . 

The bank said in a statement received by "Baghdad Today", that "the electronic platform for foreign transfers managed by the Central Bank of Iraq began at the beginning of 2023 as a first stage to reorganize financial transfers in a way that ensures proactive oversight of them instead of subsequent oversight by the Federal Reserve auditing daily transfers, and this was an exceptional procedure as the Federal Reserve does not usually do this, and a gradual shift was planned towards building direct relationships between banks in Iraq and foreign correspondent and approved banks, mediated by an international auditing company to conduct pre-audit of transfers before they are executed by correspondent banks ."

He added that "during the year 2024 and until now, 95% of the transfer process from the electronic platform to the mechanism of correspondent banks directly between it and Iraqi banks has been achieved, which means that only about 5% of it remains within the platform, which will be transferred using the same mechanism before the end of this year and according to the plan," explaining that "some expectations about potential impacts on the exchange rate and transfer operations are baseless, because the process will not be sudden or in one batch at the end of this year, but rather it was originally achieved during the past period with effort and careful follow-up, except for the remaining small percentage that will be completed in the coming short period ."

He stressed that "trade with the United Arab Emirates, Turkey, India and China represents about 70% of Iraq's foreign trade as (imports), which prompted the Central Bank of Iraq to find channels for transfer in euros, Chinese yuan, Indian rupees, and Emirati dirhams, through approved correspondent banks in those countries, and (13) Iraqi banks have actually begun conducting transfer operations with a pre-audit mechanism that has been agreed upon and approved in addition to transfers in dollars ."

He continued: "With the provision of channels for personal transfers for legitimate purposes and external purchases through electronic payment channels and international money transfer companies and cash sales to travelers, and the payment of cash dollars for incoming transfers to the parties and purposes specified in the Central Bank's published instructions ."

The Central Bank of Iraq stressed that it "put foreign transfer operations and meeting dollar demands on sound paths consistent with international practices and standards and the Anti-Money Laundering and Terrorism Financing Law," explaining that "providing the aforementioned channels for all purposes at the official dollar price makes this price the true indicator of economic practices, which is proven by the reality of price stability and control of inflation, and any other price traded outside those channels is an abnormal price that those with unorthodox or illegal practices resort to, who move away from official channels in their dealings, so they bear the additional costs alone by purchasing at a higher price than the official price to delude others with the difference between the official price and others  link

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

Tishwash:  Parliamentary Committee: Government working to reduce gap between parallel and official exchange rate to achieve stability

The Parliamentary Finance Committee explained, on Monday, that the government is working to reduce the gap between the parallel and official exchange rates to achieve stability, while indicating that the Iraqi economy will not be affected by the deteriorating conditions in Syria .

Committee member Moeen Al-Kazemi said in a statement followed by "Mil", "The government and the Central Bank have taken several important measures to confront the security and economic challenges in the country, especially in light of the deteriorating conditions in Syria ."

Al-Kadhimi continued, "The situation in Syria does not affect the Iraqi economy or the dollar exchange rate in the local market ."

He added that "the dollar exchange rate in the parallel market is currently stable, noting that the government is working to reduce the gap between the parallel exchange rate and the official rate to achieve greater economic stability ."

Currency markets are witnessing significant changes with the “sudden” rise in the value of the Syrian pound against the Iraqi dinar  link

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

Mot: . I feel safe now Jed! 

Mot: got Caught he did!!! Pickles mosying and hightailing it

Seeds of Wisdom RV and Economic Updates Monday Evening 12-16-24

Good Evening Dinar Recaps,

CRYPTO MARKET AWAITS FED DECISION, POWELL'S STATEMENT; WHAT TO EXPECT

The cryptocurrency market is abuzz with anticipation ahead of the Federal Reserve decision and comments from Fed Chair Jerome Powell later this week.

The U.S. Federal Reserve's final meeting of the year is slated for this week; the Federal Open Market Committee's meeting on Tuesday and Wednesday is of particular interest to investors eagerly expecting this year's final interest rate decision.

Other economic statistics will be released throughout the week, including retail sales for November on Tuesday, weekly initial jobless claims and the GDP growth rate for the third quarter on Thursday.

As of Monday, markets had priced in a 97% chance of a 25-basis-point interest rate decrease. Markets will look to the Fed's updated policy statement and Fed Chair Jerome Powell's press conference on Wednesday for clues about future interest rate decisions.

The Fed is now undergoing a blackout period, which means committee members are unable to make public comments prior to the FOMC meeting.

What to expect?
If the Fed announces a rate cut and Powell's comments are regarded positively, the cryptocurrency market may respond positively. Lower interest rates generally boost risk assets, including cryptocurrencies, as investors seek higher returns.

On the other hand, if Powell's statement suggests a slowing approach or if the rate cut is smaller than expected, the market may react unfavorably. Concerns about persistent inflation and a slower pace of rate cuts might dampen investor enthusiasm.

In Monday's trading session, the crypto market is currently posting mixed price action. Bitcoin recently surged to a new all-time high.

According to CoinMarketCap, Bitcoin's price was recently up 1.41% daily at $103,926, after reaching a new record high of $106,554 in early Monday trading. Ethereum rose 1.62% in the last 24 hours to $3,951. The majority of cryptocurrency assets traded in the red; XRP, Shiba Inu, Toncoin and BONK lost between 2% and 4%, while SUI, BGB, Fantom and RUNE gained between 4% and 15% in the last 24 hours.

The outcomes of the Fed's decisions and Powell's insights might set the tone for the market in the coming days.

@ Newshounds News™

Source:  Investing

~~~~~~~~~

CURRENCY: INDIAN RUPEE FALLS TO ITS LOWEST AGAINST THE  US DOLLAR

The Indian rupee dipped to its lowest price point against the US dollar in the currency markets on Monday. The INR fell to an all-time low of 84.92 and is now a stone’s throw away from plummeting to 85. The DXY index, which tracks the performance of the US dollar, shows the currency touching the 107.03 mark. It had reached a 52-week high of 108.07 and could reclaim its lost territory if it holds on to the momentum.

Confidence in Trump is boosting the US dollar while other local currencies, including the Indian rupee, are taking a beating. 

Several financial analysts indicate that the INR could fall below 85 due to weak economic cues. The Reserve Bank of India (RBI) is also unable to tame the fall of the INR despite accusations of selling the US dollar in the open markets.

Why Is the Indian Rupee Falling Against the US Dollar in the Currency Markets?

The rising crude oil prices and the exit of foreign institutional investors (FII) in the equities market are weakening the Indian economy.

In the last three months alone, a record $12 billion worth of equities have been offloaded by foreign institutional clients. The move weakens the Indian rupee as the US dollar flexes its muscles in the currency markets.

The development made Sensex dip from a high of 85,000 to a low of 78,000. However, the index managed to reclaim the 81,000 mark during Monday’s trade. The RBI now remains vigilant and is closely monitoring the Indian rupee’s lackluster performance against the US dollar.

The central bank has been previously accused of interfering in the currency market by dumping the US dollar to protect the rupee.

The Indian rupee is projected to lose further value against the US dollar on the heels of Trump’s inauguration. Trump has vowed to maintain the US dollar’s supremacy and punish the countries that plan to cut ties with the greenback. The threats include a 100% tariff on all goods entering the US for trade.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

24 HOURS TO STOP TOTAL SURVEILLANCE BEFORE IT'S TOO LATE?  |  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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Kiyosaki Warns That Boomers Will Be The Losers Once The ‘Biggest Crash In History’ Comes

Kiyosaki Warns That Boomers Will Be The Losers Once The ‘Biggest Crash In History’ Comes

Jing Pan   Sun, December 15, 2024  Moneywise

The U.S. stock market has seen clear sailing in 2024, with the S&P 500 up an impressive 28% year-to-date, but Rich Dad, Poor Dad author Robert Kiyosaki sees dark clouds on the horizon — and when the storm hits, it’s the one generation that will feel the brunt of it.

“BOOMERS are SOL: When the stock market bursts … BOOMERS will be BIGGEST LOSERS,” Kiyosaki posted on X.

As a boomer himself, he acknowledged that his generation has been lucky. Data supports that claim, with reports showing that Baby Boomers​​ are likely the wealthiest generation that has ever lived.

But that streak of fortune won’t last forever, he warned. “The biggest CRASH in history is coming. Please be proactive and get rich … before the BOOMER’s go BUST.”

So, how can people prepare? Kiyosaki offered some sage advice.

“If I were a child of a BOOMER … I would nudge my parents to sell their home, stocks, and bonds now … while prices are high … before the CRASH that is coming … and buy gold, silver, and Bitcoin now … before your BOOMER mom and dad move in with you … or expect you to pay for their rising healthcare or funeral costs.”

Precious metals

Kiyosaki’s recommendation to invest in silver and gold is hardly surprising — he has been a vocal proponent of precious metals for decades.

In October 2023, Kiyosaki predicted, “Gold will soon break through $2,100 and then take off. You will wish you had bought gold below $2,000. Next stop gold $3,700.”

That forecast has gained traction. Gold prices surged in 2024, now standing at about $2,700 per ounce.

Silver and gold have long been considered popular hedges against inflation. The reason is simple: central banks can’t print precious metals in unlimited quantities like fiat money.

Kiyosaki revealed that he has been purchasing gold and silver mines since 1985 and now he “literally owns tons of gold and silver.”

These days, there are many ways to gain exposure to gold. You can own bullion, buy shares of gold mining companies or ETFs, or even tap into potential tax advantages with a gold IRA.

Bitcoin

Bitcoin has been another standout performer in 2024, rising approximately 128% year-to-date.

TO READ MORE:  https://www.yahoo.com/finance/news/kiyosaki-warns-boomers-losers-once-113300030.html

More News, Rumors and Opinions Monday PM 12-16-2024

Gold Telegraph: Why we are in the Middle of a Monetary Reset

Dec. 15, 2024

A record 54 countries are spending more than 10% of their revenues on interest payments. This is why we are in the middle of a monetary reset. The global debt problem is becoming very clear for all to see.

The London Stock Exchange is on course for its WORST year for departures since the financial crisis. Nothing to see here. The UK…

Argentina’s deficit has reached effectively ZERO for the first time in over 100 years.

“You don’t get out of poverty by magic. You get out of poverty with capitalism, savings and hard work.” –@JMilei

In the past month, which states in the United States are working to reintroduce gold and silver as legal tender?

1. Texas.
2. Florida.
3. Missouri.

This has all happened in the past month. You don’t hear much about it in the mainstream.

In my conversation with legendary mining entrepreneur Pierre Lessonde, he mentioned that global gold reserves are rising as dollar reserves decline—a direct response to the current U.S. debt issues.

It is worth noting, This year, gold surpassed the euro to become the second most-held asset by central banks globally.

https://twitter.com/i/status/1868475347274269015

Pierre also emphasized the impact of sanctions, the growing demand for gold from China and India’s expanding middle class, and much more.

Watch the full conversation, here: https://twitter.com/i/status/1867307651031261417

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

China REPORTED gold buying last month after a 6-month pause—a clear message to the United States.

#1 producer of gold on the planet.
#1 consumer of gold on the planet.
#2 largest foreign holder of U.S. Treasury securities

Chinese authorities are reportedly considering a weaker yuan in 2025 to combat tariffs by the United States.

Gold is clearly a hedge against its paper currency.

China’s President Xi Jinping has publicly advocated reforming the international financial and monetary systems.

Gold will play a big part like it always has throughout history.

It is the foundation of the global financial system.

“The day the Shanghai Gold Exchange surpasses the COMEX in transactions will mark a seismic shift—gold’s pricing power will move decisively from the West to the East…”

Watch: https://x.com/i/status/1868009359923663101

https://dinarchronicles.com/2024/12/15/gold-telegraph-why-we-are-in-the-middle-of-a-monetary-reset/

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DJ:  Asset-Backed Currency vs. Fiat Currency and Financial System Implications

The public, as a whole, seem to be obsessed with the idea of asset backed currency. While it may sound good the reality of how it will work has its own set of obstacles. Maybe we shouldn’t be so quick to accept it without understanding its effects.

The debate between asset-backed currency and fiat currency has persisted for decades, with both systems offering distinct advantages and challenges. Each system has profound implications for global financial infrastructure and requires a robust messaging systems to move value efficiently through interconnected markets.

Asset-backed currencies are tied to tangible resources such as gold, silver, or other commodities. It does offer a certain stability and trust: Pegging currency to a tangible asset provides inherent value, reducing inflation risks and instilling confidence in the monetary system.

It also offers reduced government manipulation as the supply of money is limited by the availability of the backing asset, mitigating arbitrary monetary expansion. It would benefit international trade by having a universally recognized value, such as gold, could reduce currency volatility and foster smoother international trade.

But it would also be hampered by resource constraints as the finite availability of backing assets limits economic growth, as currency issuance would be directly tied to resource acquisitions. Managing, securing, and auditing the reserves backing the currency would also be costly and cumber.: In times of crisis, governments cannot easily expand the money supply to stabilize the economy, leading to potential stagnation.

On the other hand Fiat currency is based on trust in the issuing government or central authority and is not backed by physical commodities. It allows for economic growth and flexibility: Central banks can adjust the money supply to support economic objectives, such as controlling inflation or stimulating growth. Without the need for physical backing it makes it simpler to operate, making fiat currencies easier and cheaper. Most economies operate on fiat currency because it simplifies international trade and financial coordination.

The problem with Fiat currency is it is susceptible to overissuance, leading to potential hyperinflation and loss of value. Fiat money’s value hinges entirely on public and investor confidence, which can erode during political or economic instability. Unchecked monetary policy often benefits financial markets and large institutions, encouraging wealth disparities.

Both systems require efficient messaging infrastructures to transmit value across domestic and international markets. Current messaging systems networks like SWIFT, Fedwire, and the European Central Bank’s TARGET2 facilitate fiat currency transactions. These systems rely on secure communication protocols to ensure timely and accurate financial messaging..

Transitioning to an asset-backed system will necessitate a hybrid approach. Modernizing existing systems to incorporate asset certification and real-time reserve auditing will be a necessity . As an example, blockchain will offer transparent verification of backing assets and streamline cross-border transactions. Innovations like ISO 20022 messaging standards can harmonize financial communication across systems. If asset-backed currencies become mainstream, integrating smart contracts to automate value transfer and asset verification will bridge the gap between physical resources and digital finance.

The choice between asset-backed and fiat currency is a trade-off between stability and flexibility. While fiat systems dominate today’s global economy, shifting to or incorporating asset-backed models requires significant adaptations in financial messaging and technology. Striking a balance between the two will be the most viable path, leveraging advanced systems to ensure both security and adaptability in a rapidly evolving economic landscape.

Bottom line is, don’t assume going asset-backed is a cure all. It’s going to take a combination of mechanisms to stabilize the global financial networks. You can’t punch with one finger. It takes a fist to have an effect. But then again, have you ever been poked in the eye?

DJ

https://dinarchronicles.com/2024/12/15/the-office-of-poofness-weekly-report-update-from-poof-and-dj-11-25-24/

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

Mnt Goat   My CBI contact has told me that if the switch over of the currency, better known as the Project to Delete the Zeros, was not connected with a revaluation, then Iraq would have completed it a very long time ago.  They would not have to wait.  It does not take a rocket scientists to see that a one dinar note etc., etc. would be worthless without a revaluation to coincide...we can now see why they delay in doing the Project to Delete the Zeros...  when will this next move occur...So, we are coming very close to the switch over from the currency auctions to the international process of currency exchanges to operate in Iraq.  [Post 1 of 2....stay tuned]

Mnt Goat  Why did the CBI decide to wait until the end of their fiscal year to do it?  Hint..Hint..could it be under the direction of Dr Shabibi they also told us the most opportune time to conduct a substantial revaluation is at the beginning of a fiscal year? Their fiscal year begins January 1st... Also I then back up with my conversation I had...with my CBI contact that told me her committee to switch out the notes still intends to go forward with the process of deleting the zeros at this same time period also.  Coincidental?  ...We can only pray that this new process to begin at the end of 2024 will bring success for Iraq...  [Post 2 of 2]

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EU and G7 Pressure on ITALY to Avoid BRICS Has Failed: Will US and G7 Alliance Collapse?

Fastepo:  12-16-2024

https://www.youtube.com/watch?v=jQd2SW5EaQ8