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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“Tidbits From TNT” Monday Morning 12-23-2024

TNT:

Tishwsh Al-Sudani: Iraq has regained its leading role in the region and has become an influential and effective country

Prime Minister Mohammed Shia al-Sudani confirmed today, Sunday, that Iraq has regained its leading role in the region and has become an influential and effective country in its surroundings.

Al-Sudani's office stated in a statement received by "Mil" that "Al-Sudani met in the city of Mosul, today, Sunday, with a group of tribal sheikhs and representatives of the various components and spectrums in Nineveh Governorate . "

TNT:

Tishwsh Al-Sudani: Iraq has regained its leading role in the region and has become an influential and effective country

Prime Minister Mohammed Shia al-Sudani confirmed today, Sunday, that Iraq has regained its leading role in the region and has become an influential and effective country in its surroundings.

Al-Sudani's office stated in a statement received by "Mil" that "Al-Sudani met in the city of Mosul, today, Sunday, with a group of tribal sheikhs and representatives of the various components and spectrums in Nineveh Governorate . "

Al-Sudani stressed his keenness to "meet the sheikhs, dignitaries, religious men and elite of the province's people," indicating that "his visit to Nineveh comes within the government's work methodology to follow up on the affairs of citizens in the various provinces, lay the foundation stone for a number of projects, follow up on work at Mosul International Airport, and set the tenth of next June as the date for its opening . "

The statement continued, "All the projects that were launched today in Nineveh were destroyed by terrorism, and in the days of celebrating Victory Day over the terrorist gangs, we are rebuilding the ruins of the dark era of ISIS and working to launch new projects . "

Al-Sudani confirmed that "a series of infrastructure projects will be launched in the governorate within 30 days, and the second phase of the ring road project will begin to alleviate traffic congestion in the city," stressing that "the wheel of construction and reconstruction in the governorate continues with the solidarity of its people."

The statement explained that "the true image of the Iraqi people triumphed over what terrorism wanted in targeting security and peaceful coexistence among all components and sects," explaining that "the strife of terrorism and the foreign agenda harmed society in Nineveh, and tried to drive a wedge of division among Iraqis."

He pointed out that "Iraq today is on the right track in building a state that respects the citizen, adheres to the constitution, and builds its institutions in a way that meets the aspirations of the citizens," stressing that "Iraq has regained its leading role in the region and has become an influential and effective country in its surroundings . "

The statement pointed out that "Iraq today is putting forward initiatives, solutions and positions that are consistent with the challenges in the region . "

The statement concluded: "We took the initiative to make contacts and visits with sister countries, and launched an initiative to establish security in Syria. We presented an Iraqi paper at the Aqaba Conference in Jordan regarding Syria, and it was welcomed by all brothers . "link

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

Tishwash:  2025.. The year of cautious optimism in Iraq

The international economics specialist, Nawar Al-Saadi, revealed, on Saturday, the future financial and economic expectations for Iraq at the beginning of the new year 2025 .

Al-Saadi told Shafaq News Agency, "The future economic and financial expectations for Iraq at the beginning of the new year carry a mixture of optimism and caution, as they depend largely on a set of economic, political and regional factors that directly affect the country's financial and economic stability ."

He added that "international estimates indicate an improvement in Iraq's economic growth rates, according to reports from the International Monetary Fund, which expected the Iraqi economy to grow by 1.4% next year, with an expected increase of 5.3% in 2025. This growth reflects the recovery of the economy after the challenges it faced in the past years, especially after the economic contraction of 2.2% in 2022, and economic growth will be mainly driven by the stability of oil prices and increased investments in non-oil sectors ."

Al-Saadi pointed out that “there are fears of a deterioration in the financial situation due to the expected deficit in the state’s general budget, as the deficit is expected to widen to 7.6% of GDP during the coming year, compared to 1.3% this year. This deficit is attributed to fluctuations in oil prices, which are the main source of government revenues, and the economic situation is further complicated by the heavy dependence on oil, which constitutes about 90% of Iraq’s revenues. Any decline in its global prices could lead to severe financial pressures on the government .”

“Other challenges relate to inflation rates, which are expected to rise slightly to 3.5% in 2025. This rise reflects the effects of financial pressures and internal economic challenges, including higher prices for goods and services as a result of increased production and import costs. In terms of oil production, Iraq is expected to continue to maintain a high level of production, with plans to boost its production capacity to around 4 million barrels per day by the first quarter of 2025. However, the success of these efforts will remain linked to political stability and relations with OPEC, in addition to achieving long-term investments in energy infrastructure, ” he added.

Al-Saadi continued: “With regard to the banking sector, the government seeks to implement structural reforms to improve the efficiency of the banking system and increase transparency. These reforms come within a larger vision to develop the Iraqi economy and diversify sources of income away from excessive dependence on oil .”

The international economics expert concluded his speech by referring to all the aforementioned data, saying that “Iraq may be facing hot economic and financial events at the beginning of the new year, and the main challenge lies in the government’s ability to manage these challenges effectively through balanced financial and economic policies that aim to enhance economic stability and diversify the economy to achieve sustainable growth  link

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

Tishwash:  Politician: Iraq has no fear of Trump reaching the White House

Independent politician Wael al-Rikabi confirmed on Sunday that Iraq will not be negatively affected by the arrival of US President Donald Trump to power in the United States, pointing out that there is an Iraqi desire to arm from new sources other than the United States. 

Al-Rikabi said in an interview with Al-Maalouma Agency, “Iraq has nothing to worry about Trump coming to power in the White House or Biden staying, as it is committed to all international agreements and controls in a way that made it a pivotal state, and the visits that the country has witnessed recently are evidence of that," indicating that "Iraq is the focus of attention of all countries for what it possesses of capabilities and energies, and the state of chaos cannot be returned to it, and it has not broken "any official international agreement." 

He added, "The process of changing power in America concerns the United States, and there are agreements between us and them, although the United States violated these agreements," noting that "the Americans did not provide Iraq with the sufficient weapons required, such as air defenses, and Washington did not cooperate with successful Iraqi governments in this file.” 

He pointed out that "there is a desire in Iraq to arm itself with countries other than the United States after the recent events in the region, and Iraq is currently able to overcome this issue, and the existing weapons make the situation reassuring," noting that "everyone knows the extent of the United States' defense and support for the Zionist entity at the expense of the countries of the region." 

It is noteworthy that several representatives and political forces warned of the danger of the Iraqi army's weak armament in light of the events taking place in the region, the latest of which was the control of terrorist groups over Syria and the threat of the Zionist entity to target Iraq.  link

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

Mot .... and now a Christmas - oooooh oooooooh oooooooh 

Mot:  .. Sum just can't Take a Joke --- LOL 

 

 

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

News, Rumors and Opinions Sunday PM 12-22-2024

TNT:

Tishwash:  Project to remove zeros from Iran's deteriorating currency

The Iranian government has submitted a bill to the Islamic Consultative Assembly to remove four zeros from the national currency and convert its unit from the rial to the toman.

The government of Masoud Pezeshkian stated that the purpose of preparing this bill and submitting it to parliament is to “reduce the problems caused by chronic inflation and the decline in the purchasing power of the national currency,” which in recent years has led to a significant increase in daily transactions and a “clear decline in the reputation of the national currency” compared to other currencies.

TNT:

Tishwash:  Project to remove zeros from Iran's deteriorating currency

The Iranian government has submitted a bill to the Islamic Consultative Assembly to remove four zeros from the national currency and convert its unit from the rial to the toman.

The government of Masoud Pezeshkian stated that the purpose of preparing this bill and submitting it to parliament is to “reduce the problems caused by chronic inflation and the decline in the purchasing power of the national currency,” which in recent years has led to a significant increase in daily transactions and a “clear decline in the reputation of the national currency” compared to other currencies.

Tasnim News Agency reported that this bill was approved by the second government of President Hassan Rouhani in August 2019, and has now been submitted to the parliament as an emergency bill in the fourteenth government. 

An attempt is being made to preserve the “reputation” of the national currency by removing four zeros, while the Iranian rial is currently the least valuable currency in the world, and its value continues to decline, as it was exchanged against the dollar for more than 760,000 Iranian rials.

Although removing four zeros from the national currency may make trading easier in the market, the government has not explained how it expects inflation to be reduced by removing four zeros from the national currency.link  

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

Tishwash:  During 2025.. Cautious anticipation of the economic and financial reality in Iraq

Economic expert Ahmed Al-Tamimi confirmed today, Sunday (December 22, 2024), that Iraq is heading towards a cautious situation regarding its economic and financial situation during the year 2025.

Al-Tamimi told Baghdad Today: “Expectations and data confirm that Iraq is facing hot events at the beginning of the new year, and these events will have repercussions and reflections on the country’s financial and economic reality, especially with the imminent assumption of the presidency of the White House by US President-elect Donald Trump, and the fear of imposing some sanctions and financial tightening on Iraq in order to limit the smuggling of the dollar as well as limiting the Iranian role through these economic pressures.”

He added, "There is extreme caution regarding the financial and economic reality of Iraq at the beginning of the new year, especially since the Iraqi economic situation is greatly affected by any security or political event, and for this reason everyone is anticipating the coming days, and this matter has led to a decline in the buying and selling of real estate and other valuable items, for fear of any expected economic and financial shock."

The Parliamentary Finance Committee confirmed last Monday that the situation in Syria does not affect the Iraqi economy or the dollar exchange rate in the local market, noting that “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 situation in Syria.”  link

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

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

Mnt Goat   Do you realize how long we have been waiting for this news to get off the sole dollar in payments for imports and be done away with these corrupt currency auctions? Yes, Iraq is now officially out of the sanctioned mode of paying for imports...Can the news get any better (other than getting the RV of course…), WOW! WOW! WOW!. Yes, it’s DONE! ...I see this process moving ahead now very nicely. 

Frank26   [Iraq boots-on-the-ground report]  FIREFLY: Television is talking about the dollar exchange.  FRANK: of course they are.  That's all they're going to talk to you about.  FIREFLY:  They're saying the dollar platform is about to stop.  They're saying there's a shock that's coming when the platform stops.  Then they're saying the dollar will rise because of the demand.  We think they are warning to be careful not to use the dollar.  That's crazy.  We know the dinar will have to go up... FRANK:  Yeah, because it's not going to be just 1 to 1 IMO.  It'll be maybe a little more than 1 to 1 which means it has more value than the American dollar. 

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

Sovereigns to Rebalance Reserves from Fiat to BTC & Gold in 2025, Price Upside Incoming | Deven Soni

Kitco News:  12-22-2024

Bitcoin has shattered records in 2024, soaring past $106,000 amid growing interest in its role as a strategic reserve asset.

With discussions of a potential U.S. Bitcoin strategic reserve gaining momentum under the Trump administration, the cryptocurrency's future has never been more promising—or uncertain.

Deven Soni, CEO of Matador Technologies, joins Kitco News to unpack the implications for Bitcoin, gold, and the broader financial landscape as we look ahead to 2025.

 Soni explains how Matador Technologies is innovating at the intersection of blockchain and precious metals, merging gold with Bitcoin to create groundbreaking digital gold products. We also explore global adoption trends, Bitcoin’s rivalry with gold, and the impact of geopolitical shifts on both assets.

As central banks and investors reevaluate their strategies, this conversation delves into the key risks, opportunities, and scenarios shaping the future of Bitcoin and gold.

 Don’t miss this forward-looking analysis of two of the world’s most talked-about assets.

00:00 Introduction

 00:37 Bitcoin Reserve

00:58 Global Bitcoin Adoption

 03:02 Bitcoin's Impact on the US Economy

03:48 Bitcoin Price Predictions

06:31 Comparing Bitcoin and Gold

10:10 Wall Street's Mixed Reactions to Bitcoin

12:38 MicroStrategy and Bitcoin Investment Strategies

14:33 Gold's Future Amid Bitcoin's Rise

24:01 Matador Technologies: Going Public and Future Plans

33:37 Conclusion

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

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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 12-22-24

Good Afternoon Dinar Recaps,

WHAT ARE COMPRESSED NFTS AND MINTING CNFTS

Understanding compressed NFTs

Compressed NFTs are a type of non-fungible token (NFT) designed to reduce the cost of storing and transacting with NFTs on the Solana blockchain.

With the increasing adoption of NFTsdevelopers face difficulties maximizing storage and lowering minting costs for these digital assets. The Solana blockchain introduced compressed NFTs (cNFTs) to overcome such challenges.

Good Afternoon Dinar Recaps,

WHAT ARE COMPRESSED NFTS AND MINTING CNFTS

Understanding compressed NFTs

Compressed NFTs are a type of non-fungible token (NFT) designed to reduce the cost of storing and transacting with NFTs on the Solana blockchain.

With the increasing adoption of NFTsdevelopers face difficulties maximizing storage and lowering minting costs for these digital assets. The Solana blockchain introduced compressed NFTs (cNFTs) to overcome such challenges.

CNFTs are a newer type of non-fungible token that leverages state compression technology to store data more efficiently on SolanaUnlike traditional NFTs, which store all the token’s metadata directly onchain or via external links (like IPFS), cNFTs use Merkle trees to optimize data storage.

In simpler termswhile regular NFTs store individual ownership and metadata records for each token onchain, cNFTs group these records in a highly compressed format. This significantly reduces storage costs and improves transaction speeds.

Although the technology is still in its infancy, it accounts for most NFTs minted on Solana.

Did you know? In March 2023, Crossmint produced the first large-scale mint of compressed NFTs on Solana. Minting 300,000 NFTs the traditional way would cost over $74,000, but with state compression technology, Crossmint reduced this cost to less than $200!

Key features of compressed NFTs

With cNFTsartists and developers can mint thousands, even millions, of tokens at a fraction of the cost of traditional NFTsboosting innovation.

Let’s look at some key features and benefits of cNFTs:

Cost efficiency: Minting thousands of compressed NFTs costs only a fraction of what it would for regular NFTs. For instance, as per Solana’s report, about 24,000 SOL are needed to create and mint 1 million traditional NFTs utilizing the traditional metadata route. It is possible to organize cNFTs so that the same setup and mint cost 10 SOL or less. This implies that anyone utilizing NFTs on a large scale may use cNFTs instead of standard NFTs to reduce expenses by more than 1000x. Research by Helius shows cost comparison with and without compression NFTs, as seen below:

Scalability: Designed for high-volume use cases like gaming, social media and metaverse assets, where thousands or millions of tokens might be needed.

Onchain and offchain flexibility: While ownership is tracked onchain, much of the metadata can be stored offchain, further reducing costs without sacrificing utility.

Compressed NFTs offer several key benefits that stand out in the blockchain ecosystem. Their affordability significantly lowers minting and storage costs, enabling creators and businesses to access blockchain technology without financial barriers.

Additionally, cNFTs contribute to greener blockchain practices by reducing storage requirements and, consequently, energy usage. These attributes position cNFTs as a potential game-changer for scalable, eco-friendly and innovative applications.

Did you know? DRiP on Solana has distributed over 4 million free compressed NFTs, making it one of the most accessible NFT platforms for onboarding new users. This innovative approach allows artists to create and share digital art with minimal costs, reshaping how people experience NFTs.

Compressed NFTs vs regular NFTs

While both cNFTs and traditional NFTs aim to tokenize digital assets, their design and use cases differ significantly.

Traditional NFTs are known for their uniqueness and exclusivity, but their minting and storage costs can be prohibitively high for large-scale applications.

Compressed NFTs solve this problem by utilizing state compression, drastically reducing costs and enabling affordable mass production of tokens.

Unlike traditional NFTs, which often store all data onchain, cNFTs offload metadata to offchain systems, maintaining utility while minimizing blockchain storage needs.

Some key differences include:

Regular NFTs are best suited for high-value, one-of-a-kind digital art or collectibles.

Compressed NFTs, on the other hand, excel in scenarios that require high scalability, such as distributing gaming assets or digital collectibles to millions of users.

How to mint cNFTs: A step-by-step guide

CNFTs use state compression and Merkle trees to store data in a compact format.

Minting cNFTs may seem daunting at first, but with the right tools and knowledge, it’s a straightforward process to mint and distribute. While each platform will have its own instructions, here is a general guide to get started on cNFTs:

Step 1: Set up a wallet: Use a Solana-compatible wallet like Phantom or Solflare to manage your funds and interact with blockchain tools.

Step 2: Fund your wallet: Add SOL (Solana’s native cryptocurrency) to cover the cost of minting. CNFTs are highly cost-efficient, so even small amounts are sufficient.

Step 3: Select a minting platform: Platforms like Crossmint, Metaplex and Candy Machine (on Solana) support cNFTs. Based on your project’s scale and features, choose one.

Step 4: Prepare metadata: Define the details of your NFT collection, including artwork, descriptions, attributes and other metadata. Use offchain storage solutions like IPFS if needed.

Step 5: Mint your cNFTs and set up a Merkle tree: CNFTs use Merkle trees to organize data. Most minting platforms automate this process. Follow the platform’s interface to mint your compressed NFTs. Confirm transactions through your wallet, and voila — your cNFTs are live!

Where are compressed NFTs stored?

Unlike ordinary NFTs, in cNFTs, the Merkle root is stored onchain, and the Merkle leaves are stored offchain.

CNFTs leverage a hybrid storage model that balances onchain and offchain storage, ensuring cost efficiency and scalability. Ownership of cNFTs is always tracked onchain, ensuring the authenticity and provenance of the asset.

Stillmuch of the asset’s metadataincluding images or detailed informationis typically stored offchainThis decentralized offchain storage often uses protocols like IPFS to ensure that the data is distributed and can be accessed by anyone.

This combination of onchain ownership with offchain metadata helps to reduce costs significantly, as storing large amounts of data directly on the blockchain can be expensive and inefficient.

In the case of Solana’s cNFTs, the metadata is compressed and stored in a way that drastically reduces the blockchain’s storage needs while maintaining the integrity of the asset’s information.
@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

Someone asked in our Living room 'how will we know when the RV will happen?'

Here was the response:

If you have not signed up for the 64 Group I urge you to do so.  Salty Toes will try to get everyone signed up into the group so you will receive an email from them when the RV happens. No promises but she does have some contacts. Read her post above.  

More about the group in the Seeds of Wisdom Team Newsletter here.  And you can go directly to the website to sign up for 64 Group and dont forget to check the box to allow the group to send you an email.  

Also Salty Toes will be sending out a Newsletter as well with all the information she has when the time comes.  You can subscribe to the Seeds of Wisdom Team Newsletter here:   Newsletter

Have a blessed Christmas.❤️

@ 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

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Economics, Final Wake Up Call DINARRECAPS8 Economics, Final Wake Up Call DINARRECAPS8

Your Slavery Chains

Your Slavery Chains

The Final Wake-Up Call By Peter B Meyer

The people are slaves to the private bankers.  All countries are stuck. They have built their economies on counterfeit money and counterfeit interest rates. Soon they were competing with each other to devalue their currencies in order to prolong the circulation of the fake money, but this futile action yielded nothing.

Private central banks issued the public currency as loans against interest. That is why every nation today is drowning in deliberately created but unnecessary debt. The aim is to enslave the people to the private bankers. This is the cause and reason for ever-increasing taxes and declining economies.

Your Slavery Chains

The Final Wake-Up Call By Peter B Meyer

The people are slaves to the private bankers.  All countries are stuck. They have built their economies on counterfeit money and counterfeit interest rates. Soon they were competing with each other to devalue their currencies in order to prolong the circulation of the fake money, but this futile action yielded nothing.

Private central banks issued the public currency as loans against interest. That is why every nation today is drowning in deliberately created but unnecessary debt. The aim is to enslave the people to the private bankers. This is the cause and reason for ever-increasing taxes and declining economies.

 In order to perfect their slavery, the rights and freedoms of the people are being taken away step by step. These are the chains of your slavery. People are forced by the government to pay taxes at the risk of being thrown in jail if they refuse to use the bankers’ counterfeit money to pay the interest on it that the bankers demand.

Meanwhile, the central banks try to “tighten the vice” further by creating new money, thereby restarting the whole boom-and-bust cycle.

This is not to say that in a free market no one can experience economic difficulties. Companies and even entire industries will still close down because of changing consumer tastes, new competitors with superior products or bad business decisions. There can even be bubbles in a free market because some investors misinterpret trends as permanent changes in consumer preferences.

 But these downturns will be shorter and most will occur in specific industries and markets, not across the economy.

Central bankers; instead of doing the right thing by letting Mr Market set prices and interest rates, you keep repeating your old tune and expecting better results; that is the definition of insanity.

 Faced with the next crisis, all central banks will do what everyone expects them to do. They will tighten the screws on savers more than ever. They will buy bonds and cut interest rates, all to pump fake money into bubble markets.

 Fiat Debt Money Concept

The ability of central banks to control the uncontrollability of a monetary system based solely on fiat currency is diminishing. Trump openly accused the Fed of this, indicating an erosion of trust and respect for the Fed’s means.

Agreeing to audit central banks and introduce gold and silver as legal tender is the only correct approach. There is no doubt that the people are witnessing the last days of not only all central banks, but more importantly the end of the fiat debt money concept.

Those who know the true nature of this are invited to do all they can to inform others so that today’s crisis leads to a return to constitutional governance structures, the termination of the EU, genuine free markets, sound gold/silver backed money and policies of peace and free trade.

Your Slavery Chains

by Father-Absolute, who loves you immeasurably  Accepted by Marta 

People are driven into financial slavery by the desire to make money.

Now that we have looked at the extent of people’s dependence on religion and its role in their lives, I would like to talk about a person’s financial dependence, which is no less important in their lives.

Nowadays, few people on earth manage to live completely free from the state, except perhaps wild tribes living in the jungle and rare hermits, which means that almost everyone has to deal with money in one way or another.

How Did The Financial System Come About And Who Was Its Creator?

 It appeared on Earth with the appearance of the Draco reptiles, who understood perfectly well the role that money could play in the enslavement of mankind.

It all began gradually: with the replacement of the natural exchange of goods by monetary transactions.

 And since money as such had no value, the Draco reptiles resorted to trickery and created an artificial system of payment based on the denominations they created.

 What Was A Denomination?

It was a fixed price for a particular product, but one that could vary according to market conditions.

 This is the basis of the financial speculation that the representatives of the Draco-Reptiles have always used and still use today.

 A clear example of this is food, which has one price in times of peace and good harvests, and a completely different price in times of famine, war or bad harvests.

On the basis of such speculation, financial corporations were created which gradually took over the whole world and began to dictate their terms to entire countries and peoples.

“Money solves everything” was and is their motto.

How many personal human tragedies have been caused by money, not only by its absence, but also by its excess!

How many wars have been unleashed because of the desire to get rich by taking possession of other people’s natural resources and material values!

How Many Temptations They Hide Within Themselves!

And how difficult it is for human beings to find that balance, that golden mean that allows them to live in peace and happiness.

The overwhelming majority of the world’s population, in their desire to earn as much money as possible, voluntarily drive themselves into financial slavery, which we have spoken about more than once.

And this happens because, in parallel with the creation of the financial system, the Draco-reptiles worked hard to create a consumer society, so that the main goal of people would be the acquisition of various goods, sometimes unnecessary, but prestigious.

And they really have succeeded.

 

https://finalwakeupcall.info/en/2024/12/13/your-slavery-chains/

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

How a New BRICS Currency may Affect the Dollar

How a New BRICS Currency may Affect the Dollar

Geopolitical Analyst: 12-22-2024

As nations increasingly seek to assert their economic independence, the geopolitical landscape is evolving, with an eye on alternatives to the longstanding dominance of the U.S. dollar. Among the most notable developments in this sphere is the potential introduction of a new currency by the BRICS bloc—Brazil, Russia, India, China, and South Africa.

This article explores how this currency could affect the dollar’s status, international trade, and the broader financial system.

How a New BRICS Currency may Affect the Dollar

Geopolitical Analyst: 12-22-2024

As nations increasingly seek to assert their economic independence, the geopolitical landscape is evolving, with an eye on alternatives to the longstanding dominance of the U.S. dollar. Among the most notable developments in this sphere is the potential introduction of a new currency by the BRICS bloc—Brazil, Russia, India, China, and South Africa.

This article explores how this currency could affect the dollar’s status, international trade, and the broader financial system.

BRICS was founded as a coalition of emerging markets to foster economic cooperation and development. The common aspiration is not merely to compete with the G7 nations but to establish a more balanced global economic framework.

In recent years, these nations have been forging closer ties, driven by their mutual interests of reducing reliance on Western economies, particularly the United States.

The idea of a BRICS currency has gained traction, especially as these countries navigate economic sanctions, volatile exchange rates, and the challenges posed by the fluctuating dollar. In 2023, discussions among BRICS nations intensified, with calls for a shared currency aimed at facilitating trade and investment among member states while offering a viable alternative to the dollar.

The U.S. dollar has reigned as the world’s primary reserve currency for decades, accounting for approximately 60% of global reserves. This dominance has afforded the United States substantial advantages, including lower borrowing costs and the ability to impose economic sanctions with relative ease.

A new BRICS currency could disrupt this status quo by encouraging member countries to engage in trade and investment using the new currency instead.

As countries explore alternatives to the dollar, there is potential for a reduction in dollar-denominated trade, which could undermine the currency’s global hegemony.

The emergence of a BRICS currency could induce greater volatility in currency markets. As nations shift their reserves and trading practices toward the new currency, the dollar may experience fluctuations in value. Commodities currently priced in dollars, such as oil and gold, may find new price benchmarks, leading to further instability in their markets as well. Such volatility could impact not only the U.S. economy but also the global economy at large.

A shift towards a new BRICS currency could exacerbate existing geopolitical tensions. The U.S. has historically wielded its financial clout to influence global politics, and any threat to dollar dominance may prompt a defensive stance. The potential weaponization of the dollar by the U.S.—in the form of sanctions—could push other nations to accelerate the move toward alternatives, thereby solidifying the divide between Eastern and Western powers.

In this context, the introduction of a BRICS currency could be more than just an economic move; it could be viewed as a political statement against perceived Western hegemony.

A BRICS currency could significantly alter global trade dynamics, especially in regions where BRICS nations hold considerable sway. Countries in Asia, Africa, and Latin America may find it advantageous to trade within this new framework, thereby lessening dependency on the dollar. For smaller economies, trading in a BRICS currency could mean lower transaction costs and reduced exposure to the risks associated with dollar fluctuations.

This shift could give BRICS nations more power in setting the terms of trade, establishing new partnerships, and enhancing their influence on the global stage.

The introduction of a BRICS currency is not without challenges. Questions remain regarding its stability, backing, and the mechanisms for implementation. Moreover, member nations would need to overcome significant economic disparities and ensure that the new currency is widely accepted and trusted.

Regardless, the contemplation of a BRICS currency signals a potential seismic shift in the geopolitical landscape. As these nations band together in their quest for economic autonomy, the consequences for the U.S. dollar may be profound.

While the full implications of a new BRICS currency remain to be seen, its potential to challenge the dollar’s supremacy could reshape the global economic order. The world watches with anticipation as BRICS members deliberate their next steps, with the possibility of marking a new era in international finance.

The dollar’s future may very well depend on how effectively the U.S. can adapt to these emerging developments and address the core grievances fueling the push for an alternative currency. Ultimately, the unfolding story of the BRICS currency will be one to watch as it unfolds in the coming years.

https://youtu.be/1oHyQE2tCwk

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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Sunday Morning 12-22-24

Good Morning Dinar Recaps,

XRP LAWSUIT NEWS: EX-SEC LAWYER REVEALS RIPPLE WAS DISCUSSED WEEKLY, PREDICTS POSSIBLE DISMISSAL OF APPEAL

Ripple-SEC closed meeting sparks rumors of potential case dismissal, fueling XRP community's hope for a major rally ahead.

Former SEC lawyer predicts possible XRP case closure, as government shutdowns and RLUSD launch impact Ripple's future prospects.

Good Morning Dinar Recaps,

XRP LAWSUIT NEWS: EX-SEC LAWYER REVEALS RIPPLE WAS DISCUSSED WEEKLY, PREDICTS POSSIBLE DISMISSAL OF APPEAL

Ripple-SEC closed meeting sparks rumors of potential case dismissal, fueling XRP community's hope for a major rally ahead.

Former SEC lawyer predicts possible XRP case closure, as government shutdowns and RLUSD launch impact Ripple's future prospects.

There are rumors that Ripple and the SEC will have a closed meeting, which could lead to a significant development in the XRP case. Speculation suggests that the meeting may result in the case being closed or dropped entirely, with answers expected soon.

A user reacted to this, praising the XRP community for its unwavering perseveranceDespite being wrong many times, the community continues to stay positive and hopeful, showing up every month for updates.

Ex-SEC lawyer Marc Fagel believes the SEC will continue on its current path for nowfiling the opening brief as plannedHe also pointed out that the new SEC chair could take some time to be confirmedand it’s possible that they may vote to dismiss the appealThough it’s an unusual step, Fagel thinks it’s a possibility if the right people are in charge.

SEC’s Shutdown, RLUSD Live and More

In other news, the SEC is preparing for a government shutdown, which could impact its operations. Government shutdowns and financial instability, like the US government’s debt issues, have added pressure on the market.

Ripple’s RLUSD launch had positive price action initially but has since been impacted by market downturns. Brad Garlinghouse, Ripple’s CEO, believes RLUSD will be big for the company’s future. With SEC’s clarity and possible case dismissal, XRP might be up for a massive rally.

@ Newshounds News™

 Source:  Coinpedia

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GOOGLE TO REQUIRE UK CRYPTO ADS TO REGISTER WITH FINANCIAL REGULATOR STARTING JANUARY 2025

The new policy will take effect on January 15, 2025.

Google has announced a policy update requiring advertisements for digital asset exchanges and wallets in the United Kingdom to register with the Financial Conduct Authority (FCA) before being allowed to run on its platform.

The new policy will take effect on January 15, 2025, the search engine company said in a recent announcement.

Under the updated rules, advertisers offering crypto exchange services or software wallets in the UK must meet specific conditions to promote their products.


UK Crypto Firms Need to Register with FCA

Chief among these is registration with the FCA, ensuring compliance with the country’s financial regulations.

Additionally, Google will permit advertisements for hardware wallets that store cryptocurrency private keys, non-fungible tokens (NFTs), or other digital assets.

However, these hardware wallet providers must avoid offering ancillary services such as buying, selling, or trading digital assets.

While the search giant did not provide additional requirements for hardware wallet ads, it emphasized that all advertisers must adhere to local laws in their targeted regions.

“As a reminder, we expect all advertisers to comply with the local laws for any area that their ads target. This policy will apply globally to all accounts that advertise these financial products,”
 Google said.

The new policy underscores the growing scrutiny of crypto-related advertisements worldwide as regulators attempt to curb misleading promotions.

In the UK, the FCA recently issued a warning about the Solana-based memecoin and NFT project “Retardio.”

The regulator flagged the project for unauthorized promotions targeting UK consumers, cautioning that investors might face financial losses if the company fails.

Elsewhere, Nigeria’s Securities and Exchange Commission (SEC) has also introduced stricter advertising guidelines for crypto products.

The SEC now requires virtual asset service providers and influencers to secure agency approval before publishing promotional materials.

Google Ads Promotes Fake Crypto Websites

As reported, a sponsored Google ad posing as a link to Sony’s blockchain project, Soneium, was exposed as a cleverly disguised crypto wallet drainer.

In October, a search for “soneium” on Google led users to a phishing site designed to steal crypto assets.

The ad linked to a website with a domain name similar to Soneium’s official site, which appeared as a legitimate yet unfinished landing page for a radiology service based in the UK.

In another incident, a fraudulent cryptocurrency wallet app on Google Play reportedly stole $70,000 from users in a sophisticated scam that has been described as a world-first for targeting mobile users exclusively.

The malicious appnamed WalletConnectmimicked the reputable WalletConnect protocol but was, in fact, a sophisticated scheme to drain crypto wallets.

The deceptive app managed to deceive over 10,000 users into downloading it, according to Check Point Research (CPR), the cybersecurity firm that uncovered the scam.

The scammers behind the app were well aware of the typical challenges faced by web3 users, such as compatibility issues and the lack of widespread support for WalletConnect across different wallets.

@ Newshounds News™

Source:  CryptoNews

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

“Bits and Pieces” in Dinarland Sunday AM 12-22-2024

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 Sun. 22 Dec. 2024

Compiled Sun. 22 Dec. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Sat. 21 Dec. 2024 TNT Tony: Banks down to the branch level, received a memo saying they were going to be exchanging new currencies, as early as 5:00 today Sat. 21 2024, or this weekend. In Iraq, multiple contractors were paid at a rate of $3.91. Citizens were told that a 10,000 dinar note would now be worth 10 dinars. All T4B must be finished exchanging by December 31, with no exchanges on Christmas Day.

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 Sun. 22 Dec. 2024

Compiled Sun. 22 Dec. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Sat. 21 Dec. 2024 TNT Tony: Banks down to the branch level, received a memo saying they were going to be exchanging new currencies, as early as 5:00 today Sat. 21 2024, or this weekend. In Iraq, multiple contractors were paid at a rate of $3.91. Citizens were told that a 10,000 dinar note would now be worth 10 dinars. All T4B must be finished exchanging by December 31, with no exchanges on Christmas Day. https://www.blogtalkradio.com/rayren98/2024/12/20/tntsuperfantastic-conference-call–friday-december-20-2024

Fri. 20 Dec. 2024 Wolverine: “The platforms are closing down right now. The platforms are all loaded with money. It looks like we are crossing the finish line. Have a beautiful, beautiful day. It’s all coming before Christmas.”

Thurs. 19 Dec. 2024 Bruce, The Big Call: All day Fri., Sat, Sun, Mon and Tues until noon, Redemption Center Staff are scheduled to work. They have Christmas off and go back to work the day after Christmas. In the first ten days of Jan. 2025 R&R, increase of SS, NESARA, GESARA kicks in.

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Long Term Structured Zim Payout System for Humanitarian Projects: QFS, NESARA, XRP, and Stellar – Redemption Rate = The Amount Paid For Each Zim Dollar…Julian Assange on Telegram

ALERT: The Quantum Financial Revolution is Here! The Structured Payout System stands as the cornerstone of the Quantum Financial System (QFS), offering a transformative approach to managing redemption funds. This intricate system ensures secure, long-term cash flow for humanitarian projects while dismantling the control of traditional banking systems. The Redemption Rate determines the value of your Zim Dollar bonds during the appointment, activating Digital Gold Certificates in the QFS. This process guarantees that your funds are protected and utilized for humanitarian efforts over a term of your choosing, whether 10, 25, 50, 100 years, or beyond, as approved during your Redemption Appointment.

At the heart of this system lies the distinction between the Primary Principal, which calculates the redemption’s total value, and the Secondary Principal, which is the actual amount deposited in your QFS account. Payments are structured as a percentage of the Primary Principal—typically 10% annually—providing consistent funds for your projects. Immediate access to these funds, without waiting periods or external restrictions, ensures flexibility and control. Administered by the Alliance, these funds are safeguarded, securing your financial future against manipulation.

The Quantum Financial System (QFS) is nothing short of a revolution. Built to overthrow the cabal’s stranglehold on global finance, it leverages quantum computing and artificial intelligence to create a decentralized, asset-backed economy. Unlike traditional systems that rely on fiat currencies and central bank policies, the QFS operates on tangible assets like gold, platinum, and oil. Real-time fraud detection powered by quantum technology ensures transparency and security, enabling swift action against any attempted manipulation. This shift represents a new era of financial freedom, where individuals and nations regain control over their financial destinies.

As the world transitions to the QFS, the revaluation of the Iraqi Dinar and the integration of NESARA, XRP, and Stellar signal the dawn of a stable, value-driven economy. The Structured Payout System aligns with this transformation, allowing Sovereigns to secure their futures and plan for long-term humanitarian impact.

The Med Bed technologies further expand the possibilities, making it imperative to choose structured terms wisely, potentially extending beyond 100 years for those dedicated to rebuilding a better world.

The Cabal and their banking puppets are losing their grip as the QFS rises to redefine global finance. This monumental shift empowers humanity, ensuring that financial resources serve the people rather than being tools of oppression. The Structured Payout System and the QFS are instruments of liberation, giving Sovereigns the ability to plan, budget, and execute projects that will shape the next century.

Now is the time to embrace this transformation, setting aside disinformation and focusing on the truths provided by the Alliance. Humanitarians, the future is bright, and the tools for change are within your grasp.

Read full post here:  https://dinarchronicles.com/2024/12/22/restored-republic-via-a-gcr-update-as-of-december-22-2024/

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

Mnt Goat  ...we are almost there... According to my CBI contact the new elected US administration is now working with Iraq and has contacted Iraq and so this is also VERY GOOD news at this time. We must be patient and let the process play out... The process does not change only some events along the way to get there in Dr Shabibi’s plan to reinstate...there is one more step to the de-dollarization process and that is to get off the sole de facto peg to the US dollar. This step must take place and soon, VERY SOON! There is no longer a need for it...It’s time to bring the Iraqi dinar to the forefront.

Militia Man  The writing is on the wall, Iraq's going to the private sector and we have to see where the pipeline's going to get started again, the oil, salary is going to get localized, they're going to need an exchange rate to take  care of all those things, all those contracts, they're going to need a valuation of the country's true effective exchange rate...We're seeing it all right now in real-time.  Will it happen in the next few days?  Not sure but we're sure looking at some  powerful information that we haven't seen before.  

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Ten Currencies We Are Watching Updates & Exchange Rates

Edu Matrix:  12-22-2024

Ten Currencies We Are Watching Updates & Exchange Rates -In this video from the Edu Matrix channel, we dive into the latest exchange rates and currencies to watch as of December 20th.

Discover how the Vietnamese Dong (VND), Haitian Gourde (HTG), Iraqi Dinar (IQD), and Argentine Peso (ARS) are performing against the USD.

We’ll also highlight the Brazilian Real (BRL), Colombian Peso (COP), and the rising prices of gold, along with Bitcoin's recent volatility. Learn about Turkey's fluctuating Lira (TRY) and the challenges surrounding the BRICS currency plans.

https://www.youtube.com/watch?v=WV8rfpGYZj8

BE CAREFUL! This Is SERIOUS..." The Whole SYSTEM Is COLLAPSING... - Peter Schiff

Economy101:  12-22-2024

https://www.youtube.com/watch?v=PDKN84QZEUk

 

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“Tidbits From TNT” Sunday Morning 12-22-2024

TNT:

Tishwash:  The Parliamentary Legal Committee reveals to (Al-Mada) the date for resuming Parliament sessions.. This is the most important thing that will be passed

The Parliamentary Legal Committee set, on Saturday, the date for resuming the sessions of the House of Representatives, while revealing the most prominent laws that will be passed during the current session.

Committee member Raed Al-Maliki said in an interview with (Al-Mada), "Parliament sessions will resume on January 9, 2025, which is the first chapter of the fourth year of the current session of the Council."

TNT:

Tishwash:  The Parliamentary Legal Committee reveals to (Al-Mada) the date for resuming Parliament sessions.. This is the most important thing that will be passed

The Parliamentary Legal Committee set, on Saturday, the date for resuming the sessions of the House of Representatives, while revealing the most prominent laws that will be passed during the current session.

Committee member Raed Al-Maliki said in an interview with (Al-Mada), "Parliament sessions will resume on January 9, 2025, which is the first chapter of the fourth year of the current session of the Council."

He added, "Parliament will proceed with the legislation of a number of laws, most notably amending the Drug Law, the Intelligence Service Law, the laws regulating the right to demonstrate, the Iraqi Media Network, amending the amnesty and personal status laws, and other laws."
These developments come at a time when the Iraqi parliament is witnessing repeated disputes over controversial laws, such as personal status, general amnesty, land recovery, oil and gas, which has led to the postponement of sessions or the disruption of the passage of laws on more than one occasion.

Parliament is currently seeking to avoid political tensions and ensure the passage of laws in a manner that serves the stability of legislative work.

The Speaker of the House of Representatives, Mahmoud Al-Mashhadani, confirmed after his election to the position that the controversial laws will be put to a unanimous vote, away from political bickering that may hinder the progress of legislative work.  link

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Tishwash:  Masrour Barzani discusses regional developments with Trump's national security nominee

The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, discussed, in a phone call today, Saturday, with Congressman Michael Waltz, who was recently chosen by US President-elect Donald Trump as an advisor to the National Security Council, a number of important issues.

A statement by the regional government received by Shafaq News Agency stated that during the phone call, the two sides discussed the latest developments in Iraq, the Kurdistan Region and the region in general, and stressed the importance of strengthening bilateral relations and joint work to maintain security and stability in the region.

The Prime Minister congratulated the Congressman on his selection as an advisor to the National Security Council, praising his extensive experience in security files and issues related to the region.

The two sides also exchanged views on the results of the recent elections in the Kurdistan Region and the United States, and stressed the importance of democratic change and enhancing joint international cooperation and coordination in this context.

Part of the talks was devoted to discussing the pivotal role of the Kurdistan Region as a reliable partner in the region, as well as its commitment to shared values ​​and goals that promote peace and security. Both sides agreed on the need to intensify joint efforts to overcome challenges and obstacles, in order to ensure the continuation of stability in the region.  link

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Tishwash:  Fluctuating Dinar: economic experts urge action as dollar soars in Iraq

Iraq’s dinar continues its erratic trajectory against the US dollar, with no resolution in sight despite years of governmental and central bank efforts, experts attributed the instability to weak policies and unchecked market manipulation.

Root Causes of Volatility

The dollar is surging against the dinar at Baghdad’s main currency exchanges, Al-Kifah and Al-Harithiya, surpassing 1,510 dinars per $1. On the streets, exchange shops are marking up selling prices to more than 1,520 dinars.

“The instability in dollar prices reflects the Iraqi Central Bank and government’s inadequate monetary policies, which fail to address the core of the issue,” said Mustafa Faraj, an economic expert. “Their hesitant measures have left them unable to control the dollar’s value.”

Faraj cited US sanctions on neighboring Syria and Iran as a major factor. “The lack of legitimate trade channels with these countries, combined with restrictions on dollar transfers to them, has led to dollar smuggling, driving up its price,” he told Shafaq News Agency.

“When the dollar rises, it pushes up the cost of basic goods, food, and even commercial activity. This cascade of price hikes stems from a failure to find comprehensive solutions and punish manipulators,” Faraj explained.

Emerging Pressures

New dynamics have exacerbated the crisis. Ahmed Eid, an economic researcher, linked heightened demand for dollars to the fallout from the conflict in Syria. “The shift in Syria has disrupted the interests of militia leaders and influential figures, many of whom are now stockpiling dollars to secure alternative income streams,” he said.

Eid pointed to the closure of Syria’s border with Iraq as a catalyst, forcing traders to seek new suppliers in countries like Turkiye and Egypt. “This transition requires substantial dollar liquidity, which further squeezes the market,” he said.

Currency smuggling and money laundering also continue to erode market stability. “These illicit activities persist unchecked, compounding the dollar’s rise,” Eid warned.

Future Uncertainty Amid Policy Shifts

Concerns are mounting about the impact of Iraq’s planned phase-out of its electronic transfer platform for dollar transactions. Introduced in early 2023, the platform was designed to monitor transfers more effectively. However, the Iraqi Central Bank announced in September that it would be discontinued by year-end.

“The Central Bank’s plan to shift dollar transactions exclusively to foreign banks with correspondent relationships is a blow to local banks,” said economist Ahmed Abdul Rabih. “Four dominant banks will monopolize the sector, sidelining smaller institutions and creating a bottleneck for dollar supply.”

“These banks will dictate the exchange rate, likely driving up prices. The Central Bank must advocate for local banks to establish accounts with international institutions like J.P. Morgan and Citibank,” Abdul Rabih urged.

Reassurances from the Central Bank

In response to public concerns, the Iraqi Central Bank has downplayed fears of major disruptions.

In a statement, it described the transition as part of a phased strategy to align with international standards, emphasizing that 95% of transfers had already shifted from the platform to direct banking relationships.

“The transition will be completed gradually, ensuring continuity,” the bank stated, adding that partnerships with foreign banks in China, India, Turkiye, and the UAE would facilitate trade using non-dollar currencies, such as the yuan and euro.

Thirteen Iraqi banks have already begun operations under the new framework, offering pre-approved transfers and enabling global payment systems for personal and commercial needs, the statement said. These steps aim to “stabilize the currency and curb inflation, reinforcing official exchange rates as the benchmark for legitimate economic activities.”

“The official rate reflects real market dynamics,” the Central Bank stressed, warning against unofficial rates driven by “those engaging in unauthorized practices.”

The bank emphasized that it has structured external transfer operations and the fulfillment of dollar demand along proper channels, aligned with international practices, standards, and the Anti-Money Laundering and Counter-Terrorism Financing Law.

"Providing these channels for all purposes at the official dollar exchange rate makes this rate the true benchmark for economic practices, as evidenced by price stability and inflation control. Any other rate traded outside these channels is considered irregular and utilized by those engaging in non-compliant or illicit practices who avoid official channels in their dealings. These individuals bear the additional costs of purchasing at higher rates than the official price to create the illusion of a disparity between the official and unofficial rates." The statement concluded.

Despite reassurances, skepticism lingers among economic experts, who argue that without stricter enforcement and comprehensive reforms, the dinar’s fluctuations will persist. For many Iraqis, the cost of living remains tightly bound to the fate of the dollar. link

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Mot:  Marital Moments at Christmas!!!

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

More News, Rumors and Opinions Saturday PM 12-21-2024

Ariel : The Start of “the Storm” Officially Starts with Iraq

Sat: Dec 21, 2024

I can not stress this enough. Once Iraq reinstates their currency on the Forex market everything is going to speed up. Things are already in a blitz formation. Once the ball snaps there will be no slowing down until the desired destination is reached. Everything. Everywhere. All at once.

The start of “The Storm” in my opinion officially starts with Iraq.

Ariel : The Start of “the Storm” Officially Starts with Iraq

Sat: Dec 21, 2024

I can not stress this enough. Once Iraq reinstates their currency on the Forex market everything is going to speed up. Things are already in a blitz formation. Once the ball snaps there will be no slowing down until the desired destination is reached. Everything. Everywhere. All at once.

The start of “The Storm” in my opinion officially starts with Iraq.

CryptoGeek:  BREAKING: Donald Trump signs a deal to integrate $68 billion worth of $XRP into the Federal Reserve and Treasury!

Not sure how accurate this news is. But I will say this in general If this turns out to be true. If XRP becomes a recognized reserve asset or part of international transactions, its liquidity will increase.

This should benefit the Iraqi Dinar, which is paired with XRP, by providing it with a more stable and liquid environment for trading.

We all know Iraq will also use their gold reserves to help stabilize the IQD as well.

This could lead to a more predictable exchange rate for the IQD in international markets, potentially reducing volatility and enhancing investor confidence.

Which was always the goal. Of course RLUSD will play a role in this given that it is a Stable Coin.

https://dinarchronicles.com/2024/12/21/ariel-prolotario1-the-start-of-the-storm-officially-starts-with-iraq/

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KTFA

Clare:  Parliamentary Committee confirms return of movement regarding preparation of draft oil and gas law

12/21/2024  Information / Special.. 

Member of the Oil and Gas Committee, MP Basem Al-Gharibawi, confirmed on Saturday that there is a desire among the political forces to legislate the oil and gas law in the near future, through the return of the joint committees to work in order to Prepare a unified draft of the proposed law, with an invitation extended to host the federal oil minister and the regional minister of natural resources together within the committee. 

Al-Gharibawi said in a statement to Al-Maalouma Agency, “The legislation of the oil and gas law is of utmost importance on the political and economic levels and is considered one of the basic laws and regulates the relationship with the center and the region Its legislation has become an urgent and pressing necessity despite its introduction since 2007.” 

He added that "the main obstacle facing the legislators of the law is the paragraph on the tasks of the Federal Council and the powers of the region within the council," noting that "there is a desire among the political forces to legislate the oil and gas law in the near future through the return of the joint committees to work in order to prepare a unified draft of the proposed law, with an invitation extended to host the federal oil minister and the minister of natural resources in the region together within the committee "

It is noteworthy that the committees specialized in drafting the oil and gas law include the federal oil minister, the regional minister of natural resources, the general manager of SOMO, and senior staff in the Ministry of Oil, in addition to the oil-producing provinces. Such as Basra, Dhi Qar, Maysan, and Kirkuk.  LINK

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

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:
CBI is talking about expansion of money transfers to local new currencies...Mr. Sammy says it's the Jordanian dinar and the Saudi riyal and the Turkey currency and the Chinese yuan. FRANK:  None of these countries have ever dealt with Iraq the way they are now because of the program rate.  To me it proves we have a new rate or they wouldn't lift a finger to help Iraq.

Nader From The Mid East  The thing I saw and made me very happy...When you see the Saudis coming with their money, now we can trade their monies, the UAE and all the Middle East countries, almost.   Turkey, Saudis, Kuwait, Qatar.  Now we can exchange our dinars with their dinars, durham, riyal, with anything like that.  That's very big guys cuz the dollar...yuan Chinese, the euro is already there. Now we have all continental of Europe...Middle East...United States and now it's missing a little bit of Africa and we're done.  Other ones like Canada does whatever the United States do.  Australia same thing.  That made me very happy.  That mean soon we'll be in every bank in United States.  It will be tradable.  If it's tradable it's going to gain a lot of values and quick.

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'Mini Depression' Coming: What Happens To Stocks, Bitcoin When Economy Tanks | Chris Vermeulen

David Lin:  12-21-2024

Chris Vermeulen, Chief Market Strategist of The Technical Traders (https://thetechnicaltraders.com/david..., gives his outlook for broad stock markets, Bitcoin, energy stocks, USD, and CAD for 2025.

0:00 - Market recap

0:50 - Bitcoin

11:50 - Stock market outlook

 20:33 - Dow Jones’ losing streak

 22:48 - Energy stocks

 27:38 - 35%-55% pull back in S&P 500

30:20 - USD

33:25 - Gold

35:00 - CAD

37:33 - Peak maximum risk

https://www.youtube.com/watch?v=KiLC0Ps8kPc

 

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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 12-21-24

Good Afternoon Dinar Recaps,

NOT BRICS, THIS COUNTRY POSES BIGGEST THREAT TO THE US DOLLAR

The BRICS alliance aims to pull the US dollar down from the global reserve currency and trample its dominance. Despite multiple efforts to uproot the USD, the bloc remains unsuccessful in attempts to de-dollarize.

The greenback remains the dominant currency and a force to reckon with in the forex markets. Around 58% of the world’s reserves are in the USD, and cutting ties with the currency will prove fatal to the prospects of emerging economies.

Good Afternoon Dinar Recaps,

NOT BRICS, THIS COUNTRY POSES BIGGEST THREAT TO THE US DOLLAR

The BRICS alliance aims to pull the US dollar down from the global reserve currency and trample its dominance. Despite multiple efforts to uproot the USD, the bloc remains unsuccessful in attempts to de-dollarize.

The greenback remains the dominant currency and a force to reckon with in the forex markets. Around 58% of the world’s reserves are in the USD, and cutting ties with the currency will prove fatal to the prospects of emerging economies.

The US pressing sanctions on countries of their dislike is what led to the de-dollarization process in the first placeCountries such as RussiaIranand Belarusamong others, have been severely impacted by sanctions pressed by the US

On the other handBRICS member China has teamed up with these nations to further the de-dollarization agendaChina is looking to capture the global economy by pushing the Chinese yuan ahead for trade and not the US dollar.

BRICS: US Biggest Threat to the Dollar

A recent Bloomberg opinion report states that the biggest threat to the dollar is not BRICS but the US itselfThe report explains that Trump’s threats won’t do much as the USD’s power is mostly dependent on American reliability.

 America’s larger-than-life GDP made it gain an “exorbitant privilege” to control the reserves of the world’s central banks. The development made the Federal Reserve, US officials, and politicians tolerate deficits that could have tanked the economies of any other country.

Therefore, the US poses the biggest threat to the dollar compared to BRICS or any other alliances of developing countries. “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.

Overreach — whether through ad hoc sanctions, meddling with the Federal Reserve, unilateral tariffs or geopolitical confrontations — poses a far greater threat to the US currency than anything the BRICS countries could possibly devise,” it read.

@ Newshounds News™

Source:  Watcher Guru

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HEDERA (HBAR) GAINS INSTITUTIONAL TRACTION WITH STRONG BACKING FROM TECH GIANTS AND FINANCIAL SECTORS

▪️Hedera’s key partnerships with NVIDIA and Intel aim to leverage its technology for creating “Verifiable Compute,” a hardware-based solution.

▪️Valour Digital Securities Limited (VDSL) and The Hashgraph Group (THG) have introduced the first physically-backed Hedera HBAR Exchange-Traded Product (ETP) on Euronext Amsterdam.


Hedera (HBAR) finds its standing in a majorly leading light as it associates with the traditional finance setting, the enterprise technology sectors, and artificial intelligence. This could potentially lay the groundwork for the network growth curve this year, 2025.

European Markets Register First Physically-Backed Hedera ETP

Valour Digital Securities Limited (VDSL)in partnership with The Hashgraph Group (THG)has launched the first physically-backed Hedera HBAR Exchange-Traded Product (ETP) on Euronext AmsterdamThis is a landmark step toward making HBAR accessible to institutional and retail investors through regulated financial channels.

The product is launched under the prospectus of VDSL, allowing investors to approach HBAR in a depository-regulated manner without facing exposure to direct cryptocurrency investment. Olivier Roussy Newton, CEO of DeFi Technologieswhich owns Valour, further adds that “this listing expands the scope for institutional and retail investors to engage with Hedera’s dynamic, sustainable ecosystem.”

NVIDIA and Intel are going to utilize the hashgraph technology offered by Hedera to produce their chipsAlong with EQTY Labthe new “Verifiable Compute” has been born, a hardware-based solution made to meet EU regulations surrounding AI operations, per the CNF report.

This will log the decentralized cryptographic certificates verifying the computations the AI does on the said network, hence accurate and accountable. Slated for 2025 release, this will be providing impenetrable records on AI processes.

What’s Next For HBAR Price?

Santiment has ranked Hedera among the top three cryptocurrencies in terms of activity over the past month, along with Internet Computer and Chainlink. Eric Balchunas and James Seyffart of Bloomberg highlighted that Hedera may lead the list to secure U.S. ETF approval, putting it at the same level as Bitcoin and Ethereum, reported CNF.

One benefit is that the native Hedera token, HBAR, was not classified as a securityIn that regard, it stands at an advantage over some others, such as XRP or Solana, in their pursuit through regulatory processes.

Although the main focus remains on combined Bitcoin and Ethereum ETFs, Canary Capital has emerged as the sole applicant for a Hedera ETF. This signals early interest in bringing HBAR into mainstream investment portfolios.

At press time, HBAR price stood at $0.2638, down 10.26% in the last 24 hours. However, the token has gained 113% over the last 30 days and 411% over the last 90 days. Hedera’s critical support level is $0.270. Moreover, it is now eyeing breaking the resistance level of $0.31.

The HBAR price chart highlights a symmetric triangle on the 4-hour timeframe. Thus, Market forecasts suggest that HBAR may target $0.37 and $0.61, with projections hinting at a potential surge to $1.00. Analysts attribute these price targets to:

• Growing institutional interest
• Prospects of ETF approval
• Collaboration with prominent tech firms
• Sustained development activity
• Hedera Receives Recognition for Tokenization Innovation

Moreover, the list of Hedera’s achievements is growing, with analysts predicting the HBAR price rally to $3 by 2025, reported CNF. The team announced on X that its Asset Tokenization Studio has been nominated for the INATBA Awards 2025 in the “Most Exciting Tokenization Solution” category.

@ Newshounds News™

Source:  Crypto News Flash

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ISAAC'S LEADERSHIP UNLEASHES FINANCIAL FREEDOM  |  Youtube

Relax and wait for Isaac to post "VICTORY"!

@ Newshounds News™

Source:  
Seeds of Wisdom Team RV Currency Facts

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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“Tidbits From TNT” Saturday 12-21-2024

TNT:

Tishwash:  The region .. great efforts to attract investment companies

The Kurdistan Region Investment Board seeks to increase the number of local and foreign investors to work in the provinces and cities of the region, by providing full facilities to motivate and encourage them to increase the volume of investment.

Private sector growth

The head of the Kurdistan Region Investment Board, Mohammed Shukri, said in an interview with “Sabah”: The board, through its eight directorates spread across the provinces and independent administrations in the region, is seriously and diligently seeking to provide full facilities to investors and increase the volume of investments and the number of local, Arab and foreign investors and increase the work of projects by the private sector in the region, indicating that the regional government has invested more than 68 billion dollars, of which Erbil’s share amounted to more than 61 percent.

TNT:

Tishwash:  The region .. great efforts to attract investment companies

The Kurdistan Region Investment Board seeks to increase the number of local and foreign investors to work in the provinces and cities of the region, by providing full facilities to motivate and encourage them to increase the volume of investment.

Private sector growth

The head of the Kurdistan Region Investment Board, Mohammed Shukri, said in an interview with “Sabah”: The board, through its eight directorates spread across the provinces and independent administrations in the region, is seriously and diligently seeking to provide full facilities to investors and increase the volume of investments and the number of local, Arab and foreign investors and increase the work of projects by the private sector in the region, indicating that the regional government has invested more than 68 billion dollars, of which Erbil’s share amounted to more than 61 percent.

Statistics and figures

Shukri added that since the establishment of the Investment Board in the region, more than 1,400 investment licenses have been granted, some of which were cancelled due to shortcomings in the work of their investors, while work continued with more than 1,250 investment licenses, noting that during the past five years, approximately 430 new investment licenses have been issued.

He pointed out that significant progress and qualitative steps have been made in the comprehensive investment process in establishing a strong economic infrastructure despite the crises and obstacles that have plagued the country and the region in general, stressing that intensive efforts are continuing to encourage investors according to the needs of the regions and the importance of the projects. Encouraging

investors

Shukri stated that the regional government seeks to facilitate the procedures for attracting investors, as eight branches of the authority have been opened in the governorates and independent administrations of the region and have full powers to grant investment licenses to investors, considering it a basic and primary step to provide facilities according to the city, region, geographical location and sector that needs investment and work in it.

Government privileges

The head of the Kurdistan Investment Board pointed out that the regional government has given great privileges to investors, including a 10-year tax exemption through the investment law, to which additional years are added if the investor is a foreigner or a partner of a local investor, as well as providing privileges and facilities to the less developed areas in the region according to the decision of the regional council of ministers, noting that the challenges facing investors, including local ones, are great, and we consider them a wealth for the region, as they have contributed with the support of the government to many large and pioneering projects, overcoming obstacles and impediments, and moving forward in various sectors, including agriculture, industry, tourism, trade, housing, services, education, health, and others.

The qualifications of the region,

and he pointed out that the Kurdistan Region encourages and provides facilities to investors more than other countries in the region through a package of privileges and incentives included in the Investment Law No. 4 of 2006 in the region, in addition to other facilities provided by the Supreme Investment Council, including the favorable conditions that the Kurdistan Region enjoys for foreign investors, such as political stability, cultural pluralism, democracy and security, stressing that these conditions make the Kurdistan Region more attractive to investors among many countries in the region.  link

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Tishwash:  Fluctuating Dinar: economic experts urge action as dollar soars in Iraq

 Iraq’s dinar continues its erratic trajectory against the US dollar, with no resolution in sight despite years of governmental and central bank efforts, experts attributed the instability to weak policies and unchecked market manipulation.

Root Causes of Volatility

The dollar is surging against the dinar at Baghdad’s main currency exchanges, Al-Kifah and Al-Harithiya, surpassing 1,510 dinars per $1. On the streets, exchange shops are marking up selling prices to more than 1,520 dinars.

“The instability in dollar prices reflects the Iraqi Central Bank and government’s inadequate monetary policies, which fail to address the core of the issue,” said Mustafa Faraj, an economic expert. “Their hesitant measures have left them unable to control the dollar’s value.”

Faraj cited US sanctions on neighboring Syria and Iran as a major factor. “The lack of legitimate trade channels with these countries, combined with restrictions on dollar transfers to them, has led to dollar smuggling, driving up its price,” he told Shafaq News Agency.

“When the dollar rises, it pushes up the cost of basic goods, food, and even commercial activity. This cascade of price hikes stems from a failure to find comprehensive solutions and punish manipulators,” Faraj explained.

Emerging Pressures

New dynamics have exacerbated the crisis. Ahmed Eid, an economic researcher, linked heightened demand for dollars to the fallout from the conflict in Syria. “The shift in Syria has disrupted the interests of militia leaders and influential figures, many of whom are now stockpiling dollars to secure alternative income streams,” he said.

Eid pointed to the closure of Syria’s border with Iraq as a catalyst, forcing traders to seek new suppliers in countries like Turkiye and Egypt. “This transition requires substantial dollar liquidity, which further squeezes the market,” he said.

Currency smuggling and money laundering also continue to erode market stability. “These illicit activities persist unchecked, compounding the dollar’s rise,” Eid warned.

Future Uncertainty Amid Policy Shifts

Concerns are mounting about the impact of Iraq’s planned phase-out of its electronic transfer platform for dollar transactions. Introduced in early 2023, the platform was designed to monitor transfers more effectively. However, the Iraqi Central Bank announced in September that it would be discontinued by year-end.

“The Central Bank’s plan to shift dollar transactions exclusively to foreign banks with correspondent relationships is a blow to local banks,” said economist Ahmed Abdul Rabih. “Four dominant banks will monopolize the sector, sidelining smaller institutions and creating a bottleneck for dollar supply.”

“These banks will dictate the exchange rate, likely driving up prices. The Central Bank must advocate for local banks to establish accounts with international institutions like J.P. Morgan and Citibank,” Abdul Rabih urged.

Reassurances from the Central Bank

In response to public concerns, the Iraqi Central Bank has downplayed fears of major disruptions.

In a statement, it described the transition as part of a phased strategy to align with international standards, emphasizing that 95% of transfers had already shifted from the platform to direct banking relationships.

“The transition will be completed gradually, ensuring continuity,” the bank stated, adding that partnerships with foreign banks in China, India, Turkiye, and the UAE would facilitate trade using non-dollar currencies, such as the yuan and euro.

Thirteen Iraqi banks have already begun operations under the new framework, offering pre-approved transfers and enabling global payment systems for personal and commercial needs, the statement said. These steps aim to “stabilize the currency and curb inflation, reinforcing official exchange rates as the benchmark for legitimate economic activities.”

“The official rate reflects real market dynamics,” the Central Bank stressed, warning against unofficial rates driven by “those engaging in unauthorized practices.”

The bank emphasized that it has structured external transfer operations and the fulfillment of dollar demand along proper channels, aligned with international practices, standards, and the Anti-Money Laundering and Counter-Terrorism Financing Law.

"Providing these channels for all purposes at the official dollar exchange rate makes this rate the true benchmark for economic practices, as evidenced by price stability and inflation control. Any other rate traded outside these channels is considered irregular and utilized by those engaging in non-compliant or illicit practices who avoid official channels in their dealings. These individuals bear the additional costs of purchasing at higher rates than the official price to create the illusion of a disparity between the official and unofficial rates." The statement concluded.

Despite reassurances, skepticism lingers among economic experts, who argue that without stricter enforcement and comprehensive reforms, the dinar’s fluctuations will persist. For many Iraqis, the cost of living remains tightly bound to the fate of the dollar.  link

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Tishwash:  Three senior US officials arrive in Damascus to meet with leaders of the new administration in Syria

The US State Department announced today, Friday, that US diplomats have arrived in Syria to meet with the new Syrian administration, in the first official US diplomatic mission sent to Damascus since the beginning of the revolution that erupted in 2011.

The United States had closed its embassy in Syria in 2012, and withdrew all its diplomatic staff, against the backdrop of the events that the country witnessed at that time.

According to the US State Department spokesman, the US diplomats will meet with representatives of "Hay'at Tahrir al-Sham" and civil society to discuss "their vision for the future of their country and how the United States can support them."

He pointed out that the delegation includes Assistant Secretary of State for Near Eastern Affairs Barbara Leaf, and a diplomat specializing in the Arab world, Daniel Rubinstein, who is now responsible for communicating with Syria.

Roger Carstens, who is responsible for collecting evidence regarding missing Americans in Syria, such as journalist Austin Tice, who was kidnapped in August 2012, will also be present.

The visit comes at a time when Western governments are gradually opening channels of communication with Hay'at Tahrir al-Sham and its official Ahmed al-Sharaa, and discussing the possibility of removing the organization from the list of terrorist organizations.

Before the United States, France, Germany, the United Kingdom and the United Nations sent envoys to establish relations with the transitional authorities, whose first phase of governance is being watched with caution.

Earlier, US Secretary of State Anthony Blinken stated that Washington is following the positive statements issued by Hayat Tahrir al-Sham and wants to see concrete steps as well.

He said in a statement to the American Bloomberg News that removing the name of the organization from the "terrorist list" could be put on the agenda, based on the constructive steps it will take during the transitional process in Syria.

He added: "We heard positive statements from the leader of the organization, Mr. Abu Muhammad al-Julani, but what everyone is focusing on is the reality on the ground, and whether they are working to build an inclusive Syria." link

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

Mot.. Time to Bring them Out It Is!!! 

Mot: .. I'll Tell Ya - Its Getting Tough Out there!!!! 

 

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Seeds of Wisdom RV and Economic Updates Saturday Morning 12-21-24

Good Morning Dinar Recaps,

SEC APPROVES FIRST-EVER BITCOIN & ETHEREUM COMBO ETFS

▪️These new ETFs are unique because they combine Bitcoin and Ethereum, offering investors diversified exposure to the two largest cryptos.

▪️By simplifying the investment process and reducing the perceived risks, these ETFs aim to make crypto investing more accessible.


▪️The SEC's approval of these ETFs signifies a significant step forward for the crypto industry.

Good Morning Dinar Recaps,

SEC APPROVES FIRST-EVER BITCOIN & ETHEREUM COMBO ETFS

▪️These new ETFs are unique because they combine Bitcoin and Ethereum, offering investors diversified exposure to the two largest cryptos.

▪️By simplifying the investment process and reducing the perceived risks, these ETFs aim to make crypto investing more accessible.


▪️The SEC's approval of these ETFs signifies a significant step forward for the crypto industry.

The U.S. Securities and Exchange Commission (SEC) has just made a groundbreaking move in the crypto world. It has approved two new exchange-traded funds (ETFs)—the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF—and they are unlike anything we’ve seen before.

These ETFs combine the power of both Bitcoin and Ethereum into a single investment, making it easier for everyday investors to tap into the world of digital currencies.

But what makes these ETFs so special, and why is the SEC’s approval a big deal? Let’s understand.

What Makes These ETFs Different?

While crypto ETFs are already on the market, these two stand out. Instead of focusing just on Bitcoin or Ethereum, they mix both. The share of each cryptocurrency is based on its market value, giving investors a balanced exposure to both.

Why is this important? Putting all your money into one cryptocurrency can feel risky, especially with how volatile the market can be. By holding both Bitcoin and Ethereum, these ETFs help spread out the risk and let investors take advantage of the strengths of each cryptocurrency.

A Simpler Way to Get Into Crypto

For many, buying Bitcoin or Ethereum directly can be intimidating. These ETFs make it easier by taking away the need to manage wallets or store digital assets on your own. This makes crypto investments more accessible, particularly for people who are new to the space or don’t want the hassle of managing their own assets.

A Major Milestone for Crypto Regulation

The SEC’s approval of these ETFs is a big moment, not only for the crypto industry but for regulators too. It shows that the SEC is taking the market more seriously and is open to more crypto-based financial products.

So, why were these ETFs approved? A key reason is the strong connection between Bitcoin and Ethereum futures and their spot prices. This link helps keep prices stable and reduces the chances of market manipulation, which is important for investors looking for safer options.

Setting Strict Standards for Investors

Both funds have agreements with the Chicago Mercantile Exchange (CME) to closely track trading activity, ensuring everything stays above board. The SEC’s approval shows that these ETFs meet high standards for security and transparency, giving investors more confidence.

What’s Next for Crypto ETFs?

The approval of these ETFs could open the door to even more creative investment options in the future. By combining Bitcoin and Ethereum, these ETFs offer a streamlined way to enter the crypto market. They take away the complexities of buying, storing, and managing digital assets, making it easier for people to get involved.

Looking ahead, there’s a possibility that other cryptocurrencies could be added to similar ETFs, expanding the market even further. But for now, these Bitcoin-Ethereum combos are a significant step forward.

If you’ve been waiting for an easier way to get into crypto without all the complications, these ETFs might be exactly what you’ve been looking for.

FAQs

How do the new crypto ETFs differ from others?
These ETFs blend Bitcoin and Ethereum, offering balanced exposure to both, reducing risk compared to investing in a single cryptocurrency.

Are these crypto ETFs safe for new investors?
Yes, these ETFs are designed to be safer by tracking Bitcoin and Ethereum futures, offering simpler, less risky exposure to crypto investments.

@ Newshounds News™

Source:  CoinPedia

~~~~~~~~~

GERMANY FINALLY PASSES LEGISLATION NEEDED FOR FULL CRYPTO MICAR IMPLEMENTATION

A month ago we wrote that the collapse of the German government coalition was creating problems with implementing the EU’s cryptocurrency regulation MiCA, because it had failed to pass legislation. 

However, on Wednesday the German parliament (Bundestag) finally passed the bill, the Digitalization of Financial Markets Act (Finanzmarktdigitalisierungsgesetz of FinmadiG). Apparently, it was added to the agenda at short notice. Parliament responded to industry requests to ensure the legislation was in place before MiCAR comes fully into force on December 30.

FinmadiG isn’t only about crypto and MiCAR as it also impacts other EU laws such as DORA and the Transfer of Funds Regulation. However, for MiCAR it introduced the Supervision of Crypto Markets Act (KMAG), the piece of legislation that supplants Germany’s old crypto rules with MiCAR.

Technically MiCAR is a regulation, so it does not require local laws. However, legislation was required to designate BaFin as the regulatorWithout that, BaFin could not award licenses. That would have allowed EU firms with crypto licenses from other countries to operate in Germany, but German firms would not have been able to operate in the EU.

Additionally, MiCAR has grandfathering clauses allowing firms with existing licenses to continue to operate for up to 18 months, with each jurisdiction deciding on the transition period. The new German legislation specifies a year.

Different EU MiCAR transition periods

However, this week the European regulator ESMA noted that the varying transition periods mean crypto asset service providers (CASPs) need to get new authorizations under MiCAR sooner rather than later

For example, if a German CASP doesn’t have a new license by July 2025, they cannot operate in EU countries that have imposed a six month transition period. That includes Latvia, Hungary, Netherlands, Poland, Slovenia and Finland. Lithuania’s transition is five months, and four jurisdictions had not specified the timing when ESMA published its note.

We believe ESMA may have been responding to a letter from the Electronic Money Association (EMA) and three EU crypto trade bodies. They highlighted that the latest regulatory technical standards for licensing were only endorsed by the European Commission at the end of October. That doesn’t give national authorities much time to adopt them or for CASPs to apply.

@ Newshounds News™

Source:  Ledger Insights

~~~~~~~~~

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Argentina Vs. USA – A Prescription For Curation

Argentina Vs. USA – A Prescription For Curation

The Final Wake-Up Call By Peter B Meyer December 20, 2024

The Wrong Medicine

The doctors were called, the patient was very sick, but not life-threatening. They unanimously diagnosed too much debt as the cause of the illness and described restructuring instead of reviving his bloodstream economy.

 Then came Father Peron, who didn’t believe the doctors. So he called in his own team of specialists, and their diagnosis was that only a strong blood infusion of fiat money would be the best remedy for a quick recovery and revival of this patient.

Argentina Vs. USA – A Prescription For Curation

The Final Wake-Up Call By Peter B Meyer December 20, 2024

The Wrong Medicine

The doctors were called, the patient was very sick, but not life-threatening. They unanimously diagnosed too much debt as the cause of the illness and described restructuring instead of reviving his bloodstream economy.

 Then came Father Peron, who didn’t believe the doctors. So he called in his own team of specialists, and their diagnosis was that only a strong blood infusion of fiat money would be the best remedy for a quick recovery and revival of this patient.

These specialists, against the opinion of a minority of well-trained, logical doctors, caused the wrong medicine to be prescribed and administered to the patient, named Peso.

 The infusion of taxpayers’ money poured trillions of pesos into the system of the already haemorrhaging patient, guaranteeing its salvation and avoiding the collapse of its payment system, which would otherwise have caused a depression, as was seriously considered.

 Argentina Was Once One Of The Richest Countries In The World.

Back in time, as the 1800s drew to a close and the world moved into the 20th century full of innovation and optimism, there was perhaps nowhere on the planet, apart from the United States, more admired and envied than Argentina.

Indeed, like America in the late 1800s and early 1900s, Argentina was teeming with immigrants from all over the world seeking a better life in this land of opportunity.

Argentina was already a rich country. And it was getting richer so fast that its economic growth even outstripped that of the United States.

 By 1900, Argentina’s economy was bigger than the rest of Latin America put together, and about the size of all of Western Europe put together. There seemed to be nowhere to go but up.

 It was also rich in natural resources, from fresh water to some of the world’s most fertile soil and vast oil and gas reserves. Argentina should have been unstoppable. It still is;

 Argentina has one of the largest shale reserves in the world and has quadrupled its production in the last five years.

 You’d have to work really, really hard to screw up that kind of wealth potential. And they did!

 Stupid Centralization

For much of the 20th century, Argentina slipped into severe economic decline and remained so for decades, largely due to corrupt, excessive, outrageously irresponsible government spending and idiotic central planning.

Hyperinflation set in, the banking system collapsed and the economy was mired in a prolonged depression.

First budget surplus since the golden years of the early 1900s

When the new chainsaw-wielding president, Javier Milei, took power last year, he promised to change everything. And so far, the results are hard to argue with.

 This year, Milei announced that Argentina had just run a budget surplus – its FIRST surplus since the golden years of the early 1900s.

 That’s no accident. Milei has abolished entire government departments, fired ministers and drastically reduced the size and scope of government.

 In his announcement, Milei didn’t hold back, calling his predecessors “fiscal degenerates” for ballooning the national debt and running massive deficits. These deficits, of course, were largely financed by the Argentine central bank, which printed all the money and created inflation.

 Milei said that just last year his predecessor printed enough money to equal about 13% of Argentina’s GDP. Well, if printing 13% of GDP qualifies as fiscal degeneracy, then the Federal Reserve in the United States is guilty of the same thing, but TWICE.

The first time was in 2009, during the global financial crisis. Under then chairman Ben Bernanke, the Federal Reserve created trillions of dollars of new money, about 15% of GDP, to bail out the big Wall Street banks.

 The second time was during the pandemic in 2020 and 2021, when the Fed printed around 14% of GDP.

 This reckless money printing has not only caused historic inflation in the US, but has also created enormous problems for the Federal Reserve itself. The Fed is now wildly and hopelessly insolvent.

 And this isn’t some wild conspiracy theory; it’s a fact straight from its own financial statements.

Here’s how it happened

Going back to 2008, and especially during the 2020-2021 pandemic, the Fed created trillions of dollars and then used that money to buy government bonds. At the same time, it cut interest rates to zero. The net result was that the Fed now holds trillions of dollars of bonds at the lowest yields in history.

But then, in 2022, they suddenly reversed course and rapidly raised interest rates from 0% to more than 5%.

Well, if there’s one thing you need to understand about bonds, it’s that higher interest rates cause bond prices to fall. So when the Fed raised rates, it also caused the value of its bond portfolio to plummet. And “plummet” is a rather polite way of putting it.

As it stands today, the Fed faces net unrealised losses of $818.4 billion on all the bonds it bought during the pandemic, far more than the mere $44 billion it has in equity.

According to its own financial statements, the Federal Reserve is literally insolvent.

In fact, at nearly $1 trillion, the Fed is the most insolvent bank in the history of the world.

Talk about fiscal degeneration

Now the Fed has only a few options:

One, ignore the problem. Continue to pretend that the insolvency of the world’s largest and most systemically important central bank is no big deal.

Two, Ask For A Bailout: Go To The Treasury, Hat In Hand.

The problem is that the Treasury doesn’t have any money; in fact, the US government is already overspending by $2 trillion a year and has to borrow most of that money from the Fed.

So a bailout would require the Fed to print money, lend it to the Treasury, and then the Treasury would lend it back to the Fed. Talk about bizarre.

The Third Way Is To Lower Interest Rates

Lower rates mean that the value of the Fed’s bond portfolio will rise, reducing the Fed’s near-trillion-dollar insolvency. But lowering rates would only invite more inflation.

Inflation is already creeping back. Just last week, the latest report showed an increase in the inflation rate, with signs that it will continue to rise. Yet the Fed has all but promised to cut rates again next week.

What’s clear is that the Fed is abdicating its responsibility to rein in inflation and maintain a sound currency. Instead, it’s inflating its way out of insolvency. The result?

Every single person who uses US dollars will end up bailing out the Federal Reserve through higher inflation.

And that is why real assets like gold and silver are an excellent inflation hedge, which makes so much sense, especially with so many high quality real asset producers selling at ridiculously low valuations.

All this contrasts with Argentina, where Javier Gerardo Milei has scored a major victory for his country, which has already emerged from a recession brought on by public spending cuts and is now growing at a dramatic 3.9%.

The country’s stock market is up 174% this year. Monthly inflation has fallen from 25% to less than 3%.

First El Salvador, now Argentina: where courageous right-wing leaders do what progressive elites say ‘cannot be done’, where each immediately and dramatically improves their country’s economic finances.

Think about it and draw your own conclusions!

Javier Gerardo Milei (born 22 October 1970) is an Argentine economist and politician. President of Argentina since 2023.

https://en.wikipedia.org/wiki/Javier_Milei

https://finalwakeupcall.info/en/2024/12/20/argentina-vs-usa-a-prescription-for-curation/

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