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News, Rumors and Opinions Wednesday AM 1-8-2025
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 8 Jan. 2025
Compiled Wed. 8 Jan. 2025 12:01 am EST by Judy Byington
Global Currency Reset:
Mon. 6 Jan. 2025 TNT Call: Tony said he is 99.9% sure the RV will happen within two days. There is a meeting going on right now discussing when to release the authorization codes. Tony was told that Tuesday or Wednesday the RV will start for us. The RV should be on Forex this Friday for the general public.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 8 Jan. 2025
Compiled Wed. 8 Jan. 2025 12:01 am EST by Judy Byington
Global Currency Reset:
Mon. 6 Jan. 2025 TNT Call: Tony said he is 99.9% sure the RV will happen within two days. There is a meeting going on right now discussing when to release the authorization codes. Tony was told that Tuesday or Wednesday the RV will start for us. The RV should be on Forex this Friday for the general public.
Tues. 7 Jan. 2025 Bruce: “By tomorrow morning Wed. 8 Jan. 2025 every bank and Redemption Center should be connected on the StarLink Satellite System for the first time. Tier4b (Us, the Internet Group) notifications could come on Wed. 8 Jan. or Thurs. 9 Jan, with appointments beginning on Thurs. 9 Jan. according to sources. The R&R, Social Security increases and NESARA funds were supposed to begin this month.”
Tues. 7 Jan. 2025: BREAKING: Epic Boom! The National Quantum Initiative, XRP, NESARA GESARA, and QFS 3.0! [MUST WATCH] – amg-news.com – American Media Group
Wed. 1 Jan. 2025: Iraq’s foreign minister was in DC to settle with the new US Treasury using the new Dinar Rate. The US, having been paid in full, lifted the remaining sanctions on the Iraqi Banks. … Frank26 and WalkingStick
Mon. 6 Jan. 2025: The Quantum Financial System (QFS) (allegedly) activated Worldwide – (meaning the new gold-backed US Treasury Note replaced the fiat Federal Reserve Dollar). US Treasury(allegedly) sent out schedule for immediate payout of Bonds. “This secure, transparent and decentralized system will (allegedly) replace the old banking structure, ensuring fairness and equality for all.” With the new Iraqi Dinar Rate stabilized, the CBI has s(allegedly) topped their auctions on the fiat US Dollar:Iraqi Dinar Iraqi Dinar Rate Stability and RV Done Now Iraqi Dinar Latest News Iraqi Dinar Today …Nesara/Gesara on Telegram 5 Dec. 2024
On Tues. 7 Jan. 2025 “The CBI will be back on Tues. 7 Jan. 2025 after the reevaluation (allegedly) happens to manage liquidity for the currency after being on Forex like India and Egypt. They already adjusted the payroll and (allegedly) started paying salaries at the new rate on Sun. 5 Jan. 2025.” Majeedsaid. https://x.com/majeed66224499/status/1875532508734832660?s=57 https://x.com/majeed66224499/status/1875532508734832660?s=46&t=Ich7hg6RGbObSjhen7byaw
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Possible Timing:
Fri. 17 Jan. Banks Zero out personal debt: Banks to begin zeroing out mortgage, credit cards and other forms of personal debt starting Fri. 17 Jan. 2025 with the national debt already taken care of by switching to the QFS, all other debt would begin to be fully paid off by the end of Jan 2025. …Gesara DurPreusse on Twitter Sun. 12 Jan. 2025.
On Sat. 25 Jan. 2025 the first phase of the Worldwide Wealth Redistribution to the general public will officially commence, directly benefiting millions and marking the start of real community rebuilding efforts.
End of March 2025: The outdated US Fiat Dollar will cease to exist, replaced by a new standard rooted in transparency and equity.
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Global Financial Crisis:
Read full post here: https://dinarchronicles.com/2025/01/08/restored-republic-via-a-gcr-update-as-of-january-8-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat ...let’s revisit this...Oil and Gas law...Remember that this is a constitutional requirement...We have been told many times in articles that this “referendum” must be written and passed as part of the “Stability” for Iraq. Article: "A GUARANTOR OF ZEROING OUT CRISES...PARLIAMENTARY DEMANDS TO LEGISLATE THE OIL AND GAS LAW”. In the article the Kurdistan National Union parliamentary bloc called on the federal government, on Tuesday, “to expedite and send the oil and gas law to the House of Representatives for study and approval as quickly as possible.” Why the urgency? WOW, WOW, WOW!
Frank26 [Sacramento California Chase bank story] A: [The wealth manager] before he even sits down, the first thing he said, you're right. Right now we don't exchange [Iraqi dinar] but 'when it goes live' we can help you right over there and he pointed to the tellers. I said do you guys verify on site? He said yep, when it goes live you can just go stand in line right there, they'll run it through the machine and...then it will be right in your account...no hesitation...It was almost like he was saying, we're waiting for it to go live too, is how I took it... FRANK: Nobody knows when, but they all have been put on alert. That's why the mantra, it's a scam is no longer to be found anywhere. It has become extinct because they are preparing to deal with this.
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Global Currencies Are CRASHING: Major US Banks Warn $3,000 Gold In 2025 - What This Means
Sean Foo: 1-7-2024
2025 is starting the year with a continued currency crisis. As the US dollar rises further, global currencies including the Euro and RMB are tumbling.
Meanwhile, major US banks including JP Morgan, Bank of America and Goldman have declared gold to reach over $3,000 dollars. Here's what you must know.
Timestamps & Chapters:
0:00 Global Currency Crisis Gets Worse
2:43 Why The Dollar Could Soar HIGHER
5:59 US Trade War To Crush Currencies
8:34 Big Win For Gold?
10:00 US Banks Declares Record Gold Price
12:37 Biggest Threat To The U.S.
“Tidbits From TNT” Wednesday Morning 1-8-2025
TNT:
Tishwash: Article 12 obstructs budget schedules and Parliament is unaware of the size of expenditures and deficit
Member of the Parliamentary Finance Committee, Jamal Kojer, expected on Tuesday that the budget tables would be sent in February, while he pointed out the possibility of delaying its passage due to disagreements over Article 12.
Kocher said in a statement to Shafaq News, "The Iraqi law requires the Council of Ministers to send the state's general budget to the House of Representatives in the ninth or tenth month of each year, but this has not happened in the past years."
TNT:
Tishwash: Article 12 obstructs budget schedules and Parliament is unaware of the size of expenditures and deficit
Member of the Parliamentary Finance Committee, Jamal Kojer, expected on Tuesday that the budget tables would be sent in February, while he pointed out the possibility of delaying its passage due to disagreements over Article 12.
Kocher said in a statement to Shafaq News, "The Iraqi law requires the Council of Ministers to send the state's general budget to the House of Representatives in the ninth or tenth month of each year, but this has not happened in the past years."
Koger expected that the budget tables for the year 2025 would be sent to the Council at the beginning of next February, but the disagreements over Article 12 of the budget law may delay sending the tables from the government to Parliament.
Koger added that "the House of Representatives and members of the Parliamentary Finance Committee do not have any knowledge of the details of the budget schedules for the year 2025," noting that they do not "know the size of the budget in terms of operating and investment expenses and the deficit rate so far."
Article 12 of the draft budget law includes compensation for the Kurdistan Regional Government for the costs of production and transportation of oil extraction in the region.
It is noteworthy that the representative of the Kurdistan Democratic Party bloc, Jiay Timur, confirmed earlier to Shafaq News Agency, that "the Iraqi government previously calculated in the budget law the cost of extracting oil at $6, and this is a very small number," noting that "foreign companies that work on extracting oil at a cost of up to $26 per barrel."
In June 2023, the Iraqi Parliament voted on the draft general budget law for the fiscal years (2023, 2024, 2025). link
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Tishwash: Iraq and America discuss the existing partnership between the two countries and enhancing cooperation
Today, Tuesday, the Speaker of the Iraqi Parliament, Mahmoud Al-Mashhadani, discussed with the Chargé d'Affairs of the US Embassy in Baghdad, Ms. Elizabeth Trudeau, in the presence of the Director of the Political Section at the Embassy, Ms. Michelle Siders, the general situation in Iraq, and ways to enhance cooperation and existing partnership between the two countries.
The media office of the Speaker of the House of Representatives stated in a statement received by "Kalima News": "During the meeting, the general situation in Iraq was discussed, and ways to enhance cooperation and existing partnership between the two countries, with emphasis on the United States' support for Iraq in various fields, in a way that enhances stability and development."
According to the statement, the meeting also discussed "a number of topics of common interest, including developments in the regional situation and their effects on the Iraqi arena."
Dr. Al-Mashhadani stressed the importance of strengthening relations between Iraq and the United States within the framework of common interests, stressing the need to continue dialogue and cooperation to support Iraq's stability and continue efforts to confront political and economic challenges. link
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Tishwash: Iraqi economy enters "dark tunnel" and MPs are concerned about the delay in sending budget tables
Warnings are increasing that Iraq will face major economic difficulties during the current year and the coming years, for reasons most notably its reliance on oil as the sole source of the financial budget and the lack of alternatives, especially with the increase in population.
Experts confirm that the failure to diversify the country's sources of income and invest oil revenues in providing job opportunities and producing goods and services threatens to spread unemployment among young people, while fluctuating oil prices threatens the country's economic and financial stability.
In this regard, economic expert Nabil Al-Marsoumi warned today, Monday, of Iraq entering a dark and critical economic tunnel due to wrong policies, which affects the vulnerable and middle-income classes.
Al-Marsoumi said in an interview with Al-Maalouma Agency, “Iraq has begun to enter a dark and critical tunnel due to wrong economic policies, failure to provide job opportunities, and resorting to appointments, and here lies the dilemma,” indicating that "When the state is late in paying salaries, the general economic movement and all components of the private sector and the fragile and middle classes will be affected."
He added, "There is a lack of economic development and a development vision, and therefore things will continue as they are, and whenever oil prices decline, Iraq will find itself in the midst of great difficulties." He explained that "the increase in population requires raising public spending, while revenues are stagnant as a result of relying on oil as the sole resource for the budget and the failure to use its revenues to build a diversified economy that produces goods and services."
He points out that "there is no short-term solution and the government may resort to deducting a percentage of the Central Bank's transfers and borrowing from domestic banks, and the real solution lies in providing new financial sources other than oil," noting that " Continuing things as they are now will lead to a major problem and unemployment among young people will increase in the coming years.”
The 2025 budget has not yet been approved, while MPs confirm that the budget schedules have not been sent to the House of Representatives.
MP Ahmed Al-Sharmani expressed his concern today, Monday, regarding the delay in sending the 2025 budget tables by the government to the House of Representatives, noting that the parliament is still not aware of the details of these tables until now.
Al-Sharmani explained in a statement to / Al-Maalouma / agency, that “according to the Financial Management Law, the budget tables must be sent to the House of Representatives at the end of October of each year, and that delaying this is a legal violation, especially since this delay has been repeated annually for years,” explaining that “the current delay is another legal violation, as there is no specific date for sending the budget tables.”
He points out that "there is a possibility that the government is linking the sending of these tables to amending the law proposed in Parliament, which will lead to an additional long delay in light of the ongoing disagreements over the proposal."
He explained that “the House of Representatives is still not aware of the 2025 budget schedules yet, and there is no specific date for sending these schedules.”
In contrast, the Prime Minister's financial advisor, Mazhar Muhammad Salih, confirms that the growth rates of the non-oil GDP will rise to an unprecedented level during 2024, while pointing out that the government program has succeeded in controlling financial diversification in the general budget and the national economy in general. link
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Mot: WHAT!!!! -- Ur Kidding!!!!
Mot: .. We Had No Idea being a kid
Seeds of Wisdom RV and Economic Updates Tuesday Evening 1-7-25
Good Evening Dinar Recaps,
RIPPLE CAPS RLUSD SUPPLY AT 53.1M: WHAT’S DRIVING THE MOVE?
▪️Ripple’s deliberate pacing of RLUSD issuance reflects a commitment to regulatory compliance and long-term ecosystem stability.
▪️Ripple CEO Brad Garlinghouse expressed confidence in the incoming Trump administration’s potential to boost crypto innovation and job growth.
Good Evening Dinar Recaps,
RIPPLE CAPS RLUSD SUPPLY AT 53.1M: WHAT’S DRIVING THE MOVE?
▪️Ripple’s deliberate pacing of RLUSD issuance reflects a commitment to regulatory compliance and long-term ecosystem stability.
▪️Ripple CEO Brad Garlinghouse expressed confidence in the incoming Trump administration’s potential to boost crypto innovation and job growth.
Ripple’s launch of RLUSD stablecoin has stirred strong market sentiment, thereby giving the blockchain startup a strong footing in the rapidly evolving stablecoin market. However, the firm has introduced a 53.1 million supply cap on the RLUSD circulation, sparking curiosity about the company’s strategy.
In a thread on the X platform, popular crypto analyst Arthur noted that Ripple is making the controlled release of RLUSD stablecoin in order to preserve its value. As a result, the company is consciously curbing over-supply, which could otherwise lead to inflation and negatively impact market sentiment.
Ripple to Balnace RLUSD Supply and Demand to Prevent Inflation
Ripple seems to be exercising caution with RLUSD’s supply and holding off from issuing more tokens until market conditions indicate stronger demand. If they release too much RLUSD supply, it could increase the token’s perceived value and disrupt the balance of supply and demand.
This strategy underscores Ripple’s focus on ensuring RLUSD’s value remains sustainable and aligned with genuine market needs. By avoiding additional releases, the company aims to position RLUSD as a stable and reliable asset for both institutional and retail investors, noted Arthur.
It seems that Ripple is working to build a strong foundation that can drive the long-term value of RLUSD stablecoin, reported CNF. In the meantime, the company also plans for higher-order goals like exploring new markets and fostering partnerships while strengthening the stability of its broader ecosystem.
Regulatory hurdles may also influence the pace at which RLUSD is issued. By adopting a cautious yet deliberate approach, the company ensures compliance with regulations while positioning itself for potentially unprecedented future growth.
Brad Garlinghouse Hopeful Under Donald Trump’s Leadership
Ripple CEO Brad Garlinghouse stated that he remains hopeful as Donald Trump sets to take charge as US President ahead this month on January 20, reported CNF. In his message on the X platform, he wrote:
2025 is here and the Trump bull market is real. For Ripple, this is even more personal after Gensler’s SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved.
He also said that Ripple has signed more US deals in the last six weeks of 2024, after Donald Trump’s US election victory. Garlinghouse highlighted the proactive efforts of key figures like Scott Bessent, David Sacks, and Paul Atkins, who are poised to play significant roles in shaping U.S. economic policy.
“Team Trump is already driving innovation and job growth in the U.S., and they haven’t even taken office yet!” Garlinghouse noted. He added that the administration’s campaign and planned Day 1 priorities already contribute to a resurgence of interest and confidence in the crypto space.
@ Newshounds News™
Source: Crypto News Flash
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BRICS TO KEEP DITCHING THE US DOLLAR IN 2025: ALLIANCE CONFIRMS
On the heels of immense threats from the West and geopolitical concerns brewing, the BRICS economic alliance appears to remain steadfast in its commitment to ditching the US dollar in 2025. Indeed, the collective has seemingly confirmed the matter, as recent discussion pointed to their belief in de-dollarization as a certain necessity.
US President-elect Donald Trump has been outspoken in his defense of the greenback. Throughout this campaign for reelection, he continually reiterated the importance of keeping the dollar as the world’s currency. After his victory, he issued a warning to BRICS specifically, threatening 100% tariffs on the bloc seeking to create their own dollar alternative.
BRICS to Keep Ditching the US Dollar Despite Trump Threats And There’s One Key Reason Why
The last year has seen the BRICS economic alliance continue their notable ascent. Once just a five-nation collective, the group phase doubled in size with its most recent expansion. Moreover, it has big plans for the global economic market that have seen the West take an undeniably favorable stance.
Although Trump has warned of impending repercussions, the BRICS bloc has reiterated that they are likely to keep ditching the US dollar in 2025 through a recent confirmation. Indeed, the group discussed the reality that de-dollarization is a necessity so long as the United States continues doing one thing.
In a recent statement, former International Monetary Fund director and Brazilian economist Paulo Nogueira Batista Jr. discussed the fact that sanctions are driving the bloc’s actions. Batista spoke to Russian President Vladimir Putin directly and relayed the foundation of its financial actions as an alliance.
“We are not against the dollar. It is the dollar that is against us,” he said in a recent interview. “Cahellengin the dollar and the US economy would not be possible, and in any case, it’s not our objective. The BRICS will serve to make us immune to sanction.”
So long as the United States continues sanctioning nations like Russia and Iran, the BRICS bloc is unlikely to shift on its de-dollarization approaches. However, that has not stopped dissension within the group from forming.
India has recently spoken about its desire to work with the incoming Trump regime. Moreover, the president-elect stated that he has been in direct contact with China. Specifically, hinting at the country taking a similarly collaborative approach.
@ Newshounds News™
Source: Watcher Guru
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Thank you Dinar Recaps
This Is What You Call A Win/Win Deal. US Steel Wins. Nippon Steel Wins. America Wins. Japan Wins
This Is What You Call A Win/Win Deal. US Steel Wins. Nippon Steel Wins. America Wins. Japan Wins
Notes From the Field By James Hickman / Simon Black January 7, 2025
The year was 1901, and it was pretty much a who’s who of American business and finance at the time. Andrew Carnegie. JP Morgan. Charles M. Schwab. Elbert Gary (namesake of the city Gary, Indiana).
It would be as if Elon Musk, Billy Gates, and Carl Icahn all got together on a new venture. It would be pretty much guaranteed to be a big deal. Those early 20th century titans formed what would become the world’s largest and most important company in that era— US Steel.
This was a period of history in which the United States was growing by leaps and bounds. Entire cities were built from nothing. Rail was being feverishly laid across the country. New buildings and skyscrapers were going up in major cities.
This Is What You Call A Win/Win Deal. US Steel Wins. Nippon Steel Wins. America Wins. Japan Wins
Notes From the Field By James Hickman / Simon Black January 7, 2025
The year was 1901, and it was pretty much a who’s who of American business and finance at the time. Andrew Carnegie. JP Morgan. Charles M. Schwab. Elbert Gary (namesake of the city Gary, Indiana).
It would be as if Elon Musk, Billy Gates, and Carl Icahn all got together on a new venture. It would be pretty much guaranteed to be a big deal. Those early 20th century titans formed what would become the world’s largest and most important company in that era— US Steel.
This was a period of history in which the United States was growing by leaps and bounds. Entire cities were built from nothing. Rail was being feverishly laid across the country. New buildings and skyscrapers were going up in major cities.
And steel made it all possible. In 1901 it was the most vital commodity in the world, far more important than oil. And US Steel dominated the market; they had— by far— the best quality, the most efficient production, the most reliable distribution.
But that was more than a century ago.
Today US Steel is barely alive. It loses more than a billion dollars each year in negative Free Cash Flow, and it has only managed to survive by issuing a mountain of debt.
Now, it would be easy to blame US Steel’s problems on competition with rising, low-cost manufacturing superpowers like China and India (whose nations boast the world’s #1 and #2 steel producers respectively).
But that’s a far too simplified (and frankly incorrect) explanation. The US economy— including the steel manufacturing industry— is far more productive than India or China. Way more.
China’s Baowu Steel Group is the world’s largest steel company by production volume, with an annual output of more than 130 million metric tons. But with nearly 400,000 employees, the Chinese firm’s steel production per employee is less than HALF of what a US Steel worker can produce.
So, US Steel is still able to out-produce its Chinese competitors.
Cost is obviously a factor; US workers are clearly more expensive. But a far greater issue is all the wasteful political bureaucracy. The unions. The endless regulations and permitting. The parade of government inspectors. And most of all, politicians who deliberately hurt the company for political points.
The latter failure now belongs squarely to Joe Biden, who recently went out of his way to destroy any hope of US Steel resurrecting its former greatness.
It started in late 2023, when Japan’s largest producer, Nippon Steel, made an offer to buy US Steel. Nippon made a pretty sweet offer— $55 per share, a premium of almost 60% above US Steel’s stock price at the time.
On top of that, Nippon pledged to invest billions of dollars into US Steel to revitalize its factories and upgrade production capacity. They promised to honor all union contracts. They committed to support any national security related export controls.
This is what you call a win/win deal. US Steel wins. Nippon Steel wins. America wins. Japan (one of America’s closest allies) wins. Win/win. That’s what capitalism is all about.
TO READ MORE: https://www.schiffsovereign.com/trends/two-weeks-before-leaving-office-joe-biden-fks-america-again-151935/
More News, Rumors and Opinions Tuesday PM 1-7-2024
Florida may go back to the gold standard
Florida Chief Financial Officer Jimmy Patronis has announced a new initiative to explore the feasibility of using gold and silver bullion as legal tender in the state.
Patronis revealed that his office is launching a study to determine how gold and silver could serve as a legal method for Floridians to purchase goods and services. While these precious metals are widely bought as investments, they currently cannot be used for transactions.
At present, 11 states, including Louisiana, Texas, South Carolina, and West Virginia, allow gold and silver to be used as legal tender. Patronis expressed his intention to add Florida to this growing list.
Florida may go back to the gold standard
Florida Chief Financial Officer Jimmy Patronis has announced a new initiative to explore the feasibility of using gold and silver bullion as legal tender in the state.
Patronis revealed that his office is launching a study to determine how gold and silver could serve as a legal method for Floridians to purchase goods and services. While these precious metals are widely bought as investments, they currently cannot be used for transactions.
At present, 11 states, including Louisiana, Texas, South Carolina, and West Virginia, allow gold and silver to be used as legal tender. Patronis expressed his intention to add Florida to this growing list.
In a statement, Patronis's office described the study as a "major first step" toward adopting gold and silver as an alternative to the U.S. dollar. The statement also noted that such an initiative could help mitigate the "devastating" effects of inflation.
“This is an exciting initiative that has the potential for enormous growth in our state,” Patronis said. “Gold and silver have been trusted assets for thousands of years, and it makes perfect sense to use them as legal tender. I’m launching this study to determine the best way to get it done.”
In addition to addressing inflation, Patronis highlighted specific tax-exempt benefits that would accompany the use of gold and silver:
Gold and silver bullion would not be taxed as personal property.
Purchasing or selling gold and silver would not incur state tax liability.
Exchanging U.S. dollars for gold or silver would not result in state tax liability.
Historically, the U.S. dollar was backed by gold under the "gold standard," a practice that ended nationwide in 1933. The U.S. government ceased exchanging dollars for gold in 1971.
Utah became the first state to reintroduce gold and silver coins as alternative legal tender by passing legislation in 2011. Since then, 10 additional states have followed suit, and Florida could be next in line to embrace this financial alternative.
Previously perceived as a long-term, subtle issue, inflation is now recognized in everyday life. People are struggling to pay rent, with little left over at the end of the month, while grocery prices have doubled and food packaging has shrunk.
This growing awareness has heightened interest in alternatives to the current fiat system.
While we are all optimistic about the coming administration, the damages of decades of financial and economic mismanagement are becoming more apparent. People are increasingly feeling the effects of inflation. More importantly, they are increasingly feeling the value of gold. It is that one asset has a global value, across generations, regardless of the country’s economic condition.
The trend toward gold is not a fleeting phenomenon but a continuation of a 50-year movement. During this period, the U.S. dollar has lost over 99 percent of its value. Gold, on the other hand, gold has gone up 1446.67% since, more than beating inflation.
That’s why even investors are recognizing this trend. Billionaire investor Ray Dalio, for instance, has encouraged investors to shift focus toward “hard money” such as gold. Similarly, Blackrock’s 2025 global outlook advises investors to consider gold and Bitcoin, citing the division of the world into competing economic blocs and a shift in reserves away from the U.S. dollar and into gold. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
The feel on the streets we citizens know a new rate is coming! Everything is pointing to to this! FRANK: I agree with you. I can feel the rumbling of the earthquake that will bring you your monetary reform, purchasing power. Things are getting very exciting...
Militia Man The next step is to do global transactions against other currencies in dinar and other foreign currencies. They will become similar to foreign currency in International terms. I don't believe it's going to be at 1320 for the dollar. It will not work as a REER. From today, banks are closed and will not open in Iraq until next week...Monday is a national holiday, Army Day...It definitely looks like a timed mechanism in many ways.
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Major Red Flags: Americans Can't Afford Homes, Consumer Debt Is Suring as Delinquencies Rise
Lena Petrova: 1-7-2024
WE ARE BEING THRUST DIRECTLY INTO A NEW DARK AGE. Updates... TROUBLE IN THE DEBT MARKET.
Greg Mannarino: 1-7-2025
We’re on the Verge of a Huge Collapse
We’re on the Verge of a Huge Collapse
Liberty and Finance: 1-6-2024
Veteran market analyst Chris Vermeulen has reiterated his bearish outlook for the stock market, warning of a potential major correction in a recent discussion with Liberty and Finance.
Vermeulen’s prediction comes as the market grapples with key technical levels across various asset classes, suggesting a possible market top.
We’re on the Verge of a Huge Collapse
Liberty and Finance: 1-6-2024
Veteran market analyst Chris Vermeulen has reiterated his bearish outlook for the stock market, warning of a potential major correction in a recent discussion with Liberty and Finance.
Vermeulen’s prediction comes as the market grapples with key technical levels across various asset classes, suggesting a possible market top.
Vermeulen highlighted that January’s market performance often sets the tone for the entire year, and the current signals point towards a significant downturn. He emphasized the importance of closely watching these early indicators, as they can provide valuable insight into market direction.
While acknowledging the current bullish sentiment, Vermeulen cautioned that these highs are unsustainable. He anticipates a period of intense selling pressure across all sectors, potentially triggered by forced liquidations and margin calls.
Vermeulen believes that following this initial panic, these assets will experience strong reversals. Specifically, he is particularly bullish on gold in the long term, predicting a potential price target of $3,500 per ounce. Silver and Bitcoin could also see significant gains once the market stabilizes and the fear dissipates.
Despite the ominous forecast, Vermeulen urged investors to view this potential downturn as an opportunity rather than a cause for panic. He encourages them to prepare a strategy to “buy the dip” and acquire assets at lower prices.
He concluded by advising investors to be patient, stay focused on long-term goals, and not be swayed by short-term market noise. By adopting a strategic approach, investors can navigate the upcoming turbulence and emerge stronger on the other side.
Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 1-7-25
Good Afternoon Dinar Recaps,
BRICS NEWS: BRICS MAKES HUGE ANNOUNCEMENT ON COMMON CURRENCY
The BRICS alliance is working towards the formation of a common currency for trade settlements to sideline the US dollar. Russian Deputy Foreign Minister, Sergey Ryabkov confirmed that the currency is on the table and will be a reality soon. He explained that the bloc is working on payment-clearing mechanisms, which will also include insurance systems for goods and cargo.
He stressed that the BRICS common currency is real and will be unveiled to the world becoming an alternative option to the US dollar. “Not only it exists. It is not hypothetical,” Ryabkov said during a press conference when asked if the currency is a real idea.
Good Afternoon Dinar Recaps,
BRICS NEWS: BRICS MAKES HUGE ANNOUNCEMENT ON COMMON CURRENCY
The BRICS alliance is working towards the formation of a common currency for trade settlements to sideline the US dollar. Russian Deputy Foreign Minister, Sergey Ryabkov confirmed that the currency is on the table and will be a reality soon. He explained that the bloc is working on payment-clearing mechanisms, which will also include insurance systems for goods and cargo.
He stressed that the BRICS common currency is real and will be unveiled to the world becoming an alternative option to the US dollar. “Not only it exists. It is not hypothetical,” Ryabkov said during a press conference when asked if the currency is a real idea.
BRICS Common Currency Will Include Safety Features
The Russian diplomat revealed that the BRICS common currency will include a variety of options to safeguard its users.
The safety mechanisms include: clearing mechanisms, insurance systems, and insurance for the movement of goods and cargo, among other features. Things have moved forward and a real alternative to the US dollar has emerged through the BRICS common currency.
Ryabkov said that once the BRICS common currency is launched, other developing countries will begin settling cross-border transactions with it. “Moreover, the others would join as well. This plan is now on the table and that will be implemented is not a pattern for dollar substitution in all settlements.
It is a pattern for creating an additional circuit for work in conditions when the main and well-known to all dollar channel is failing for reasons beyond the control of BRICS.”
“I would like to add: that the financial pattern as such for all its importance is not enough for the system to function properly. We also need clearing mechanisms, we are also working on them – transaction insurance systems, including insurance for the movement of goods and cargoes, which would also not depend on harmful external influences,” the Deputy Foreign Minister noted on the BRICS common currency.
@ Newshounds News™
Source: Watcher Guru
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RIPPLE WELCOMES 1.7 MILLION NEWLY MINTED RLUSD AHEAD OF BIG DEVELOPMENT
On-chain data shows that Ripple has minted big new RLUSD batch, while almost 7 million were transferred
Data shared by the Ripple Stablecoin Tracker account shows that blockchain behemoth Ripple has created another large chunk of its new product — Ripple USD stablecoin.
This continuation of the RLUSD minting spree has taken place ahead of a major development that is expected to happen later this month.
In the meantime, the same data source has spotted that almost 7 million of these stablecoins have been transferred over the past 24 hours.
Ripple mints millions of RLUSD, 6.7 million moved Ripple Stablecoin Tracker revealed that roughly 16 hours ago, Ripple Treasury minted an impressive stablecoin chunk of 1,790,000 RLUSD.
This amount of RLUSD was created on the Ethereum chain. Previously, when the product was in a private beta, Ripple announced that it intended to use two chains for launching the stablecoin — XRP Ledger and Ethereum chain.
On Jan. 3, as covered by U.Today, Ripple also minted a new batch of 600,000 RLUSD. After that minting took place, the aforesaid data source revealed that during the past 24 hours, approximately 6.7 million RLUSD were transferred in total.
According to the details provided by Etherscan, approximately 1.5 million were moved by major cryptocurrency exchange Bitstamp. A total of 500,000 RLUSD were transferred by Ripple. The rest of the 6.7 million RLUSD mentioned above were shoveled by anonymous whales to unidentified blockchain wallets.
Later this month, Ripple giant is to release an attestation report, which will unveil the composition of the backing assets. So far, Ripple has issued a little less than $80 million RLUSD, having approximately $83 million in reserve to back this stablecoin.
Ripple previously announced that its RLUSD would be audited by independent auditors and promised to release the first attestation report within 30 days of the stablecoin's public launch.
Ripple owns $100 billion in XRP and not going public In a recent interview, Ripple CEO Brad Garlinghouse revealed that the amount of XRP tokens owned by Ripple at the moment surpasses the $100 billion equivalent.
He said that it was important when talking about the company valuation. The CEO believes that it is far higher than the $11 billion figure that was reported by Reuters at the start of 2024. Besides, Garlinghouse refuted speculation that Ripple intends to conduct an IPO, adding that this was never a priority.
@ Newshounds News™
Source: U Today
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News, Rumors and Opinions Tuesday 1-7-2024
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 Tues. 7 Jan. 2025
Compiled Tues. 7 Jan. 2025 12:01 am EST by Judy Byington
Mon. 6 Jan. 2025 Operation Phoenix Hits It’s Peak, JFK Jr. on Telegram:
Starlink Tests Complete, GESARA Wealth Transfer and QFS Ready for the 48-Hour January 2025 Wealth Redistribution Event!
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 Tues. 7 Jan. 2025
Compiled Tues. 7 Jan. 2025 12:01 am EST by Judy Byington
Mon. 6 Jan. 2025 Operation Phoenix Hits It’s Peak, JFK Jr. on Telegram:
Starlink Tests Complete, GESARA Wealth Transfer and QFS Ready for the 48-Hour January 2025 Wealth Redistribution Event!
The climax of Operation Phoenix is upon us. By January 4, 2025, it became evident that we’re part of the most significant financial liberation in history. Trump’s triumph in the 2024 election set the stage for the global rollout of the GESARA framework, heralding a new era of transparency and wealth distribution.
January 2025: The Turning Point This month marks monumental updates: Trump’s alliances have propelled the largest asset recovery and wealth redistribution initiative in history. The crumbling of the old financial order paves the way for a new, people-powered economic structure.
Innovations in Security and Access The Quantum Financial System (QFS) has introduced Quantum Resonance Verification (QRV) to prevent deepstate interference, using harmonic DNA frequencies for flawless identity verification. Additionally, Redemption Centers are now powered by Quantum Energy Nodes (QENs), ensuring they operate off-grid and free from sabotage.
Quantum Vaults and Global Prosperity The Quantum Vaults have amassed over $10 trillion in assets, slated for redistribution under GESARA. The new Global Prosperity Index (GPI) will track and ensure equitable distribution, replacing GDP as the measure of economic success.
The January 2025 Wealth Transfer: A New Beginning On January 25, 2025, the first phase of the wealth redistribution will officially commence, directly benefiting millions and marking the start of real community rebuilding efforts.
The Great Awakening: A New Era With the old guard’s power dissolving, humanity is ascending from the shadows of financial oppression. Under new leadership, the QFS and GESARA are not just reforms; they are the bedrock of a future where prosperity is the norm, not the exception. The upcoming EBS event will unveil truths that will redefine our world. Get ready for the largest wealth redistribution ever witnessed. The revolution is now, and it is irreversible.
On Mon. 6 Jan. 2025 the official Global Launch of Funds took place around the world, marking the start of the Global Registered Asset Redemption Program.
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The US Treasury payment instructions for payment steps are as follows:
First Phase:
1 German Gold Bonds of 1924
2 Zimbabwe Agricultural Checks
3 Yellow Dragons and Phoenixes
Second Phase:
1 Blue Dollar Package
2 Cash Boxes 9 Treaty of Versailles
3 Complete Mother Boxes
4 Chinese Red Dragons
Third Phase:
1 Superpetchilis from 1913 (RAILWAYS)
2 Chinese Agricultural Bonds
3 Other high value coins from Zimbabwe
4 Other Federal Reserve and Mini Chains all.
~~~~~~~~~~~~~
Mon. 6 Jan. 2025 NESARA GESARA BOMBSHELL: …David Wilcock on Telegram
Debt Forgiveness – A Total Financial Reset! All your debts? WIPED OUT! Mortgages, loans, credit card debt—gone! This isn’t a favor; this is justice for decades of financial chaos.
Tax Liberation – The IRS is about to be SMASHED! Say goodbye to the income tax nightmare! NESARA brings in a 14% flat tax on non-essential goods, cutting off the government’s greedy hands from your paycheck!
The Federal Reserve—GAME OVER! The Fed is about to be dismantled. A new, Treasury-backed “Rainbow Currency” will replace the worthless paper dollars, backed by gold, silver, and platinum!
Financial Privacy Restored – NESARA ends the constant surveillance on your finances. No more government control over your money—it’s yours, and yours alone!
Humanitarian Projects – NESARA is launching global humanitarian efforts, with funding that will transform lives worldwide. This is about more than survival, it’s about abundance for all!
Restitution and Redemption – The elites’ stolen wealth will be returned to the people. NESARA will right the wrongs of the past, with restitution for unconstitutional acts and unjust debt.
NESARA GESARA isn’t just a policy—it’s a global reset that will destroy the old world order and give power back to the people. The 30+1 provisions are the blueprint for a global revolution. Are you ready for the explosion?
Read full post here: https://dinarchronicles.com/2025/01/07/restored-republic-via-a-gcr-update-as-of-january-7-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Sandy Ingram Vietnam is entering a phase of strong and steady growth...Experts believe Vietnam's economy will grow a lot in 2025, somewhere between 6.5% to 8%...Their exciting predictions are backed by several things including a recovering real estate market, people spending more money and the government putting a lot of money into infrastructure...
Frank26 Remember that picture Alaq was holding up with the big board [of 1940 1 dinar note]...That is an old picture from 2017 [article]...If you go back and read it, it told the Iraqi citizens they the CBI was starting a mechanism to add value, purchasing power, to their currency. [Now] they showed that same picture from the archives to tell Iraqi citizens they are done, what they started in 2017 they have finished in '24. They are done and we are now going to introduce the lower notes and a new exchange rate. That's why you [Iraqi citizens] are being given [exchange 3-zero note] instructions today...
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LIVE! Fed. WARNS OF "STOCK MARKET STEEP DECLINE." JP MORGAN WARNS OF "DOLLAR DEBASEMENT."
Greg Mannarino : 1-6-2024
How Argentina May Become the Freest Country on Earth - Mike Maloney & Alan Hibbard (Part 1)
1-6-2024
In this eye-opening deep dive, we explore Argentina’s astounding economic turnaround after one year under President Javier Milei. Discover how a country once stuck near the bottom of the global economic freedom index is now climbing rapidly, thanks to bold reforms and fiscal discipline that few thought possible.
Hear about the direct correlation between economic liberty and human flourishing—longer lifespans, higher incomes, and happier lives.
We break down the surprising data, the policies that sparked this revolution, and what the rest of the world can learn from Argentina’s unprecedented shift.
Seeds of Wisdom RV and Economic Updates Tuesday Morning 1-7-25
Good Morning Dinar Recaps,
JUST-IN: US CFTC CHAIR ROSTIN BEHNAM TO DEPART ON JANUARY 20
US CFTC Chair Rostin Behnam is reportedly stepping down from his role on January 20, the same date when Donald Trump will sworn in for the Presidential Chair.
▪️US CFTC Chair Rostin Behnam is reportedly stepping down from his role this month.
▪️He is scheduled to depart on January 20, the same date when US SEC Chair Gary Gensler will also step down.
▪️Although no specific reasons are confirmed, speculations soar over a potential change under Trump Administration.
Good Morning Dinar Recaps,
JUST-IN: US CFTC CHAIR ROSTIN BEHNAM TO DEPART ON JANUARY 20
US CFTC Chair Rostin Behnam is reportedly stepping down from his role on January 20, the same date when Donald Trump will sworn in for the Presidential Chair.
▪️US CFTC Chair (Commodity Futures Trading Commission) Rostin Behnam is reportedly stepping down from his role this month.
▪️He is scheduled to depart on January 20, the same date when US SEC Chair Gary Gensler will also step down.
▪️Although no specific reasons are confirmed, speculations soar over a potential change under Trump Administration.
Rostin Behnam, the Chair of the US CFTC, has announced to step down from his post effective January 20, 2025. Interestingly, that is when Donald Trump is scheduled to take over the US Presidential office once his inauguration concludes. While Rostin has not mentioned any specific reason behind stepping down from the post, speculations soar over a change in the horizon.
US CFTC Chair Rostin Behnam To Step Down On January 20
The US CFTC Chair Rostin Behnam is reportedly stepping down from his position on January 20. According to a Reuters report, Behnam is scheduled to exit on the same date as Trump’s inauguration. Interestingly, the US SEC Chair Gary Gensler has also announced his departure on the same date.
@ Newshounds News™
Source: CoinGape
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KAMALA HARRIS CERTIFIES DONALD TRUMP AS NEXT U.S. PRESIDENT, AVOIDING 2021 CHAOS
▪️Kamala Harris officially certifies Trump as 2024 U.S. presidential election winner.
▪️Unlike 2021’s chaos, this years certification process was calm and without any major issues.
▪️Former VP Mike Pence praised Harris for leading a peaceful transfer of power.
In a historic announcement, Vice President Kamala Harris officially certified the results of the 2024 U.S. presidential election. Donald Trump, who supports crypto, is now set to become the next president, with J.D. Vance as vice president. This peaceful announcement was very different from the chaos of January 6, 2021, when the Capitol faced violence during the last certification.
Harris Announces Trump’s Victory
During the certification, Harris, in her role as president of the Senate, declared Trump as the winner with 312 Electoral College votes, surpassing the required 270. She secured 226 votes.
Harris ended her statement by highlighting the importance of the constitutional process that confirmed Trump’s presidency. She said, “This announcement is a sufficient declaration of the elected president and vice president of the United States, starting their term on January 20, 2025.”
Despite losing the election to Trump, Harris maintained a composed look, fulfilling her constitutional duty in front of an energized Republican audience. Meanwhile, her announcement was met with cheers and applause from Republicans.
Previous Certifies Election, Erupted In Chaos
The last time when the U.S. Congress met to certify a presidential election, things turned violent. On January 6, 2021, a group of rioters, fueled by false claims that the 2020 election was stolen from Trump, stormed the Capitol.
They broke windows, fought with police, entered the House chamber, and damaged offices, including then-Speaker Nancy Pelosi’s.
Since that day, over 1,500 individuals have been charged for their roles in the attack. Interestingly, Trump has pledged to pardon many of them once he takes office for his second term as president.
Peaceful Transfer of Power
Unlike the 2021 certification process, which was marred by violence and delays, this year’s proceedings were orderly. Former Vice President Mike Pence, who presided over the 2021 session under immense pressure, praised the peaceful transition.
In a recent tweet post, Pence congratulated Trump and Vance, calling the peaceful transfer of power “a hallmark of our democracy.”
He also commended Harris for her role, stating, “It’s particularly admirable that Vice President Harris presided over the certification of an election she lost.”
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
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“Tidbits From TNT” Tuesday Morning 1-7-2024
TNT:
Tishwash A guarantor of zeroing out crises.. Parliamentary demands to legislate the oil and gas law
The Kurdistan National Union parliamentary bloc called on the federal government, on Tuesday, to expedite and send the oil and gas law to the House of Representatives for study and approval as quickly as possible.
The bloc's spokesperson, Susan Mansour, said in a statement to Al-Maalouma Agency, "The enforcement of the oil and gas law is sufficient to eliminate the problems between Baghdad and Erbil," noting that "the law was very late in being included in the central government."
She added, "The enactment of the law requires political understandings between the governments of Baghdad and Erbil to resolve the outstanding problems between the two parties."
TNT:
Tishwash A guarantor of zeroing out crises.. Parliamentary demands to legislate the oil and gas law
The Kurdistan National Union parliamentary bloc called on the federal government, on Tuesday, to expedite and send the oil and gas law to the House of Representatives for study and approval as quickly as possible.
The bloc's spokesperson, Susan Mansour, said in a statement to Al-Maalouma Agency, "The enforcement of the oil and gas law is sufficient to eliminate the problems between Baghdad and Erbil," noting that "the law was very late in being included in the central government."
She added, "The enactment of the law requires political understandings between the governments of Baghdad and Erbil to resolve the outstanding problems between the two parties."
Mansour pointed out that "there are parliamentary demands for the government to send a draft oil and gas law to the House of Representatives for study and approval in accordance with what is stipulated in the State Administration Coalition Agreement." link
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Tishwash: Central Bank Tower and Faw Port on the list of world mega projects for 2025
The British platform “The B1M”, which specializes in the construction sector, has classified the Central Bank Tower project in Baghdad and the Grand Faw Port in Basra among the list of the most prominent mega projects in the world for the year 2025.
The Central Bank Tower project came in eleventh place, while the Grand Faw Port came in tenth place.
This classification reflects Iraq's remarkable progress in the field of architecture and infrastructure on the international scene.
The B1M platform is one of the most prominent channels specialized in covering major construction projects, technological innovations, and modern trends, such as sustainability and smart cities, providing in-depth analyses of the ongoing transformations in the global infrastructure sector. link
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Tishwash: Al-Sudani: The Development Road Project will enhance Iraq's power in the region
Prime Minister Mohammed Shia al-Sudani confirmed today, Sunday, that the development road project will enhance Iraq's strength in the region, politically and economically.
During his reception of the Director of the Iraqi Institute for Dialogue, Abbas Radhi Al-Amiri, according to a statement from his office received by "Al-Eqtisad News", Al-Sudani was briefed on the work of the organizing committee for the Seventh Baghdad International Dialogue, whose activities will start on February 22-23, 2025 under the slogan "The Path to Iraqi Development... Alliance of Interests and Geopolitical Stakes", noting that choosing this topic falls within the great Iraqi interest in the project, which gives the country a pivotal role in the regional system as an important point of communication between the East and the West.
According to the statement, Al-Sudani expressed his "sponsorship of this annual international gathering hosted by the capital, Baghdad, which hosts an elite group of the most important decision-makers in the region and the world." link
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Tishwash: Venezuelan parliament calls on Maduro to seek third term
The President of the Venezuelan National Assembly (Parliament), Jorge Rodriguez, has officially invited the current President of the Bolivarian Republic, Nicolas Maduro, to assume a third presidential term on January 10.
“We confirm the invitation to Nicolás Maduro Moros, who was re-elected president of the Bolivarian Republic of Venezuela on July 28, 2024, to take office on January 10, 2025,” Rodríguez said live on Venezuelan TV during the first plenary session of the parliament this year, held on Sunday.
The inauguration and swearing-in ceremony will take place at 12 noon at the Federal Legislative Palace.
Rodríguez noted that parliament is obliged to “promote the application of the law against Edmundo González [who has declared himself president-elect of Venezuela], if he sets foot on the country’s territory, for treason and usurpation of power,” and also noted that he “will demand that anyone who tries to destabilize the peace in Venezuela be declared persona non grata.”
In the plenary session, Jorge Rodríguez was re-elected president of the National Assembly (parliament) of the Bolivarian Republic.
Venezuela held elections on July 28, which were won by the current head of state, Nicolás Maduro. He received 51.95% of the vote. His main opponent, Gonzalez, received 43.18% of the vote. On election day, opposition leader Maria Corina Machado said Gonzalez's team would not concede defeat in the election. link
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Mot: Getting ready for RV
Mot: When Enough is Enough!!!
Seeds of Wisdom RV and Economic Updates Monday Evening 1-6-25
Good Evening Dinar Recaps,
FDIC PUBLISHES CRYPTO ‘PAUSE’ LETTERS INCLUDING USDF CONSORTIUM
In response to freedom of information requests by Coinbase, the Federal Deposit Insurance Corporation (FDIC) published minimally redacted letters sent to banks requesting information about their crypto activities and in most cases asking them to pause activities pending feedback.
Last year, the FDIC’s Office of Inspector General objected that the FDIC had in most cases failed to provide feedback, leaving activities in limbo and impacting innovation.
Good Evening Dinar Recaps,
FDIC PUBLISHES CRYPTO ‘PAUSE’ LETTERS INCLUDING USDF CONSORTIUM
In response to freedom of information requests by Coinbase, the Federal Deposit Insurance Corporation (FDIC) published minimally redacted letters sent to banks requesting information about their crypto activities and in most cases asking them to pause activities pending feedback.
Last year, the FDIC’s Office of Inspector General objected that the FDIC had in most cases failed to provide feedback, leaving activities in limbo and impacting innovation.
On behalf of Coinbase, History Associates Inc asserted that the letters demonstrate the FDIC was part of “Operation Choke Point 2.0—a multi-agency effort to de-bank the digital-asset industry.”
With one important exception, these particular letters don’t appear to support the de-banking claim. They reinforce the position of blocking banks from engaging with crypto and public blockchains.
Amongst the 25 letters disclosed, most of the banks wanted to offer their customers the ability to buy Bitcoin via their mobile banking apps. Often times, this was an indirect service to be provided by a third party.
The FDIC objects to public blockchain for USDF payments
By far the longest letter related to a planned blockchain-based fiat payment system to be operated by a consortium of banks. Despite five pages of tightly typed questions, which undoubtedly were answered, that consortium has so far only participated in Regulated Settlement Network simulations.
While the redactions removed the identities of the bank, we can confirm that the letter relates to the USDF Consortium, which originally planned to launch a payment system using a private protocol on the Provenance public blockchain.
On first reading, we suspected the letter related to USDF, because around this time the consortium shifted to a permissioned blockchain approach in a vain attempt to get approval. The use of the term ‘digital markers’ was the final confirmation, given this terminology is specific to USDF.
The letter indicates that the FDIC was interested in the roles of the non bank participants and their involvement in validating transactions. It also had questions about the use of the Hash cryptocurrency and whether banks would need to hold it, although the name ‘Hash’ was redacted.
Given this was before the launch of Fed Now, the FDIC asked the valid question about out of hours liability risks between banks for payments.
SAB 121 – custody One of the most contentious crypto issues has been the SEC’s SAB 121 accounting rule, which prevented banks from providing cryptocurrency custody, although that certainly worked in Coinbase’s favor.
The crypto exchange has dominated custody for ETFs. While it has been claimed SAB 121 was formulated by the SEC without consulting other regulators, in many of the letters the FDIC asks for the bank’s analysis of SAB 121 and it’s applicability. This is a not-so-subtle way of saying, ‘you cannot provide custody’.
Other takeaways
Not all letters were equal. Apart from the USDF letter, there were three that stood out. One bank was being quite pushy, saying that it planned to launch crypto services on a specific date.
It had clearly provided extensive information to the FDIC already. The FDIC’s list of questions was far longer than for other banks, querying every claim the bank made, asking for evidence.
Moving on, when assessing risk, there’s the accounting concept of materiality. In other words, don’t focus on the small, irrelevant stuff. One bank spent $25,000 on an NFT. There were numerous detailed questions about this particular purchase.
Letter number 25 relates to a bank that wanted to provide deposit account services to a stablecoin but was told to wait for feedback. It is the only letter in the group that appears to block banking services. The New York-based bank first wrote to the FDIC a few days after Circle’s USDC stablecoin lost its peg in March 2023, following the collapse of Silicon Valley Bank.
@ Newshounds News™
Source: Ledger Insights
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JUSTIN TRUDEAU RESIGNS, PRO-CRYPTO SUCCESSOR EXPECTED
Canada’s Prime Minister steps aside, crypto rejoices.
Canada’s Prime Minister, Justin Trudeau, who has been historically anti-crypto, resigned today, citing "internal battles" in Canada's governing party.
What’s the Scoop?
▪️Political Fallout: Trudeau’s approval rating is at 22%, and polls suggest his Liberal Party would suffer a major defeat in a snap election, winning just 46 seats to the Conservative Party’s projected 225.
▪️Pro-Crypto Successor: Pierre Poilievre, expected to succeed Trudeau, is a vocal supporter of DeFi and crypto, championing Bitcoin as a hedge against inflation.
Bankless Take
Trudeau’s resignation not only marks the end of his divisive tenure but signals a potential shift in Canada’s crypto policy landscape. While his administration adopted a cautious, and occasionally aggressive stance toward cryptocurrencies, Pierre Poilievre’s pro-crypto outlook could bring a stark contrast.
If Poilevre does becomes his successor, Trudeau’s exit would further amplify the broader global trend of favor shifting towards forward-looking, pro-tech politicians, potentially positioning Canada for greater adoption and innovation under new leadership.
@ Newshounds News™
Source: Bankless
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FIVE CRYPTO COMPANIES GAIN MICA LICENSES ACROSS NETHERLANDS AND MALTA
▪️MoonPay, BitStaete, ZBD, and Hidden Road received MiCA licenses from the Dutch Authority, enabling EU-wide crypto operations.
▪️The Malta Financial Services Authority (MFSA) has also licensed blockchain-based sports and entertainment platform Socios.com
▪️Tether's USDT market cap dropped $2 billion under MiCA, raising concerns though analysts claims USDT will be unfazed by EU setbacks.
@ Newshounds News™
Read more: Be In Crypto
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STABLECOIN SKEPTIC MICHAEL BARR STEPS DOWN AS FEDERAL RESERVE'S VICE CHAIR FOR SUPERVISION AHEAD OF TRUMP INAUGURATION
The Federal Reserve Board has announced that Michael S. Barr is resigning from his position as Vice Chair for Supervision.
In a statement, Barr said he didn’t want a potential dispute over the position in the near future to distract from the Fed’s “mission.”
“The position of vice chair for supervision was created after the Global Financial Crisis to create greater responsibility, transparency, and accountability for the Federal Reserve’s supervision and regulation of the financial system.
The risk of a dispute over the position could be a distraction from our mission. In the current environment, I’ve determined that I would be more effective in serving the American people from my role as governor.”
Barr’s resignation comes less than two weeks before pro-crypto President-elect Donald Trump’s inauguration.
In 2023 during a speech at the Peterson Institute for International Economics, Washington, D.C., Barr warned about the “special risks associated with stablecoins,” advocating for stiffer regulations on the asset class.
Said Barr,
“Stablecoin issuers seek to have—but don’t—some of the same characteristics as federally insured bank deposits. Stablecoin issuers represent that their liabilities can be redeemed on demand at par, a dollar for a dollar. In fact, however, the assets backing the liability can fluctuate in value… The banks we regulate, in contrast, are well protected from bank runs through a robust array of supervisory requirements.
Consider the consequences if a stablecoin not subject to appropriate supervision and regulation were to be adopted as a widespread means of payment, which some stablecoin developers state as a goal. Stablecoins have the potential to scale quickly because of network effects.
An unregulated, unsupervised, deposit-like asset could create tremendous disruptions, not just for financial institutions but for people who might rely on the coin if it were to get wide adoption.
We must learn from the past to ensure that we do not allow for new forms of unregulated private money subject to classic forms of run risk, and with the associated spillovers and systemic implications for households, businesses, and the broader economy.”
@ Newshounds News™
Source: Daily Hodyl
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GEMINI AGREES TO PAY $5M CFTC FINE BEFORE DONALD TRUMP’S INAUGURATION
Gemini Trust Company reaches $5 million settlement with CFTC over Bitcoin futures case, choosing to resolve litigation before the upcoming Trump administration.
▪️The closure of the Gemini case is a huge welcome to the growth during the Trump administration.
▪️The Winklevoss brothers have been consistent in the web3 space for more than 10 years, thus growing a too-tier crypto exchange.
Gemini Trust Company, a New York-based cryptocurrency exchange founded in 2014 by the Winklevoss brothers, has agreed to pay a penalty of $5 million to the United States Commodity Futures Trading Commission (CFTC) to end a long-standing litigation.
The Winklevoss brothers agreed to pay the fine in a joint court hearing on Monday to avoid a trial set to coincide with the inauguration of pro-crypto US President-elect Donald Trump.
Gemini settled the case with the US CFTC without admitting or denying any liability in the case.
In June 2022, the US CFTC filed a complaint in the US District Court for the Southern District of New York against Gemini for issuing misleading statements of material facts regarding the Bitcoin futures product.
According to the US CFTC, Gemini failed to show how it would prevent Bitcoin price manipulation to ensure fair competition for all customers in its BTC Futures Product. However, the Gemini cryptocurrency exchange has opted to end the case ahead of the expected trial on January 21, which would have kickstarted after the much-anticipated inauguration of President-elect Donald Trump.
Furthermore, Gemini cryptocurrency exchange, among other web3 companies, is banking on the upcoming Trump administration to set clearer and better crypto regulations.
Possibly, most of the crypto companies are betting on the new leaders of the US SEC chair and CFTC to drop crypto-related cases, which were orchestrated by the Biden administration.
@ Newshounds News™
Read more: CoinSpeaker
~~~~~~~~~
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Seeds of Wisdom RV and Economic Updates Monday Afternoon 1-6-25
Good Afternoon Dinar Recaps,
BRICS BRAZIL: BRAZIL TAKES OVER THE BRICS PRESIDENCY IN 2025
Country takes the helm of the Global South political and economic cooperation forum,
Starting January 1, 2025, Brazil officially takes the helm of BRICS, the prominent forum for political and economic cooperation among nations of the Global South.
The presidency marks a pivotal moment for the country as it seeks to advance a vision of more sustainable and inclusive global governance, foster deeper economic ties, and mobilize financing to combat climate change.
Good Afternoon Dinar Recaps,
BRICS BRAZIL: BRAZIL TAKES OVER THE BRICS PRESIDENCY IN 2025
Country takes the helm of the Global South political and economic cooperation forum,
Starting January 1, 2025, Brazil officially takes the helm of BRICS, the prominent forum for political and economic cooperation among nations of the Global South.
The presidency marks a pivotal moment for the country as it seeks to advance a vision of more sustainable and inclusive global governance, foster deeper economic ties, and mobilize financing to combat climate change.
BRICS, an acronym representing Brazil, Russia, India, China, and South Africa, has recently expanded its membership to include Saudi Arabia, Egypt, the United Arab Emirates, Ethiopia, and Iran. This enlargement solidifies the group as a central platform for collaboration among developing nations,
Brazil has outlined an ambitious agenda under the theme “Strengthening Global South Cooperation for More Inclusive and Sustainable Governance.” Its presidency will prioritize two main areas: advancing Global South cooperation and reforming global governance structures.
These themes translate into five key priorities:
1. Facilitating Trade and Investment: Promoting economic integration through the development of efficient payment systems.
2. Regulating Artificial Intelligence: Encouraging inclusive and responsible AI governance for development purposes.
3. Addressing Climate Change: Enhancing financing mechanisms to support global efforts, in coordination with the COP30 climate summit.
4. Public Health Collaboration: Strengthening cooperation projects among member countries, focusing on improving public health systems.
5. Institutional Development: Bolstering the internal frameworks of BRICS to ensure effective governance and decision-making.
“If you want to build a better world, a sustainable world, BRICS has to be part of this construction. And it’s important to have an understanding among these countries, because this understanding helps achieve broader agreements [with other nations],” stated Ambassador Eduardo Saboia, Brazil’s BRICS sherpa, in an interview with Agência Brasil.
GLOBAL SOUTH COLLABORATION - The forum’s objectives extend beyond its immediate membership, aiming to enhance economic, political, and social cooperation while increasing the influence of Global South nations in international governance.
Ambassador Saboia highlighted the importance of mutual understanding among BRICS members, noting that the group’s diversity is a strength. “These countries, with their distinct political systems and unique challenges, come together annually, fostering solutions that benefit their populations,” he emphasized.
EXTENSIVE AGENDA - As the host nation, Brazil will oversee the organization and coordination of more than 100 meetings, starting in February and continuing through July in the capital, Brasília.
These gatherings will bring together officials, policymakers, and experts to deliberate on the presidency’s priorities.
The discussions will culminate in the BRICS Summit, scheduled tentatively for July in Rio de Janeiro, where heads of state and government will chart the bloc’s future course. Brazil’s mandate will run until December 31, 2025.
ROTATIONAL LEADERSHIP - The BRICS presidency rotates among member states in the order of the acronym, but with the inclusion of new members, the bloc is expected to revisit its rotational formula. The changes reflect BRICS’ evolving dynamics as it continues to adapt to the shifting geopolitical landscape.
@ Newshounds News™
Source: Brazil Gov
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BRICS NEWS: INDONESIA OFFICIALLY JOINS AS FULL MEMBER
In a move that showcases a further expansion of the economic alliance, the BRICS bloc has welcomed Indonesia as a full member. Indeed, Brazil announced that the country would be joining the collective, according to a Reuters report.
Moreover, the move takes place as the South American nations commences its opportunity to take over the groups rotating presidency for 2025.
Brazil has stated that Indonesia has been accepted after its application bid was accepted during the group’s 2023 annual summit. The Asian nation has requested its acceptance be halted amid presidential elections last year, where Prabowo Subianto was officially elected. Now, Indonesia has become the 10th member of the growing economic group.
Indonesia Officially Joins BRICS as Full Member Ahead of Crucial 2025
Over the last two years, the BRICS economic alliance has emerged as a key global economic and geopolitical presence. The group was formed through the promising potential of Brazil, Russia, India, China, and South Africa more than two decades ago. Yet, it was not until recently that it embraced its status and sought to increase its position on the world’s stage.
Another key part of that pursuit has taken place today. Indeed, the BRICS bloc has reportedly welcomed Indonesia as a full member of the growing economic alliance. The country is set to join the group after being approved for entry in 2023. Moreover, it has long sought to be included in the growth prospects being derived by the global south.
“Indonesia shares with the other members of the group support for the reform of global governance institutions and contributes positively to the deepening cooperation of the global south,” 2025 BRICS President Brazil said in a statement.
The country is joining the bloc on the precipice of an immensely important year. US President-elect Donald Trump has not been shy of its issue with the group. Earlier this year, he warned of the imposition of 100% tariffs on nations seeking to ditch the US dollar.
He specifically targeted BRICS, noting the development of their own alternative currency. Whether or not those plans will continue remains to be seen. The bloc appears to be facing increased dissension from the United States’ shift this year.
@ Newshounds News™
Source: Watcher Guru
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RIPPLE ADVOCATE DEATON STRESSES IMPORTANCE OF REGULATORY CLARITY FOR RIPPLE IN US
The CryptoLaw founder and major Ripple advocate John Deaton has shared his reflections on the Ripple CEO’s recent statement about Ripple rapidly expanding in the U.S. since early November, offering a universal solution for Ripple and other crypto companies’ growth in the U.S.
American crypto business suffers from lack of regulatory clarity: Deaton
In his tweet, John Deaton quoted Ripple chief executive Brad Garlinghouse, who said that since a pro-crypto president-elect won in early November, over the last six weeks of 2024, Ripple has signed more deals in the U.S. than during the previous half-year.
Deaton underscored that it is “impossible to estimate damage” suffered by Ripple and other cryptocurrency businesses headquartered in the U.S. due to the lack of regulatory clarity for the crypto industry.
The Ripple advocate admitted that he has encountered many crypto businesses whose teams would say that they prefer to avoid the U.S. market and not to offer anything to U.S.-based investors.
Simple solution to many of these problems, per Deaton
The CryptoLaw founder reminded the community about the “gross government overreach and selective enforcement” that Ripple had to struggle with in court for approximately four years, defending itself against the SEC and its chairman, Gary Gensler, who is to step down from his position at the end of January.
Ripple scored two big victories, in July 2023 and then in late 2024, as it proved that XRP was not a security (on the secondary markets) and reduced the $2 billion fine demanded by the SEC down to $125 million. Deaton stressed that, aside from the issue of regulatory clarity, the cryptocurrency space also suffers from excessive regulations that “continue to stifle innovation” within the country.
The only solution to many of the issues mentioned by Deaton is the elimination of bureaucracy — of the red tape that rules in the U.S. He offered the situation with the housing shortage crisis in the country as an example, and the necessity to wait for “two years to pull necessary permits.”
Ripple advocate Deaton hopes that the new president's administration will make that happen and solve the problem at least partly — and not only for the crypto industry, causing a “ripple effect. Hopefully, we will see a Ripple effect (pun intended) throughout industries, caused by the excitement of a new administration.”
@ Newshounds News™
Source: U Today
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More News, Rumors and Opinions Monday Afternoon 1-6-2024
KTFA:
Clare: Interior: "Your Card at Home" service will be activated soon and will include all Iraqis
1/5/2025 Baghdad - WAA
The Ministry of Interior announced, today, Sunday, that about 9 million people will be registered for the national card during 2024, while indicating that the "Your Card at Your Home" service will be activated soon and will include all Iraqis.
The Director General of the Unified National Card Department, Major General Ahmed Al-Maamouri, told the Iraqi News Agency (INA): "The year 2024 witnessed many achievements regarding our directorate, as its name became the Directorate of Nationality and Civil Information instead of the Directorate of National Card Affairs," indicating that "8 million, 848 thousand and 27 people were registered in the civil information system for the national card during 2024."
KTFA:
Clare: Interior: "Your Card at Home" service will be activated soon and will include all Iraqis
1/5/2025 Baghdad - WAA
The Ministry of Interior announced, today, Sunday, that about 9 million people will be registered for the national card during 2024, while indicating that the "Your Card at Your Home" service will be activated soon and will include all Iraqis.
The Director General of the Unified National Card Department, Major General Ahmed Al-Maamouri, told the Iraqi News Agency (INA): "The year 2024 witnessed many achievements regarding our directorate, as its name became the Directorate of Nationality and Civil Information instead of the Directorate of National Card Affairs," indicating that "8 million, 848 thousand and 27 people were registered in the civil information system for the national card during 2024."
He added, "The total number of registrants since the beginning of the project in 2015 to date has reached 42 million, 81 thousand and 166 people in the civil information system," noting that "the year 2024 witnessed the opening of central registration sites in Baghdad and all governorates, which numbered 19 registration centers."
He stressed that "these centers will allow citizens to register for the national card and record all the vital facts of themselves and their families, regardless of their place of residence or place of registration," noting that "this procedure has effectively ended the procedures for transferring citizens' populations between governorates due to the lack of need, and has made it much easier for citizens through this service by reducing the effort and financial burdens by visiting other governorates where their place of registration is."
He explained that "there is no need to transfer citizens' records or records between governorates, as long as these registration sites have been opened in all governorates of Iraq," noting that "the service of your card in your home will be activated this year, meaning that the citizen who wishes not to go to the department in which he is registered, the national card issued to him will be delivered to his home."
He stated that "this service will be activated during this year and will be available to all citizens," explaining that "the mobile station service that was launched in 2024 was provided by 23,247 citizens, and also witnessed the provision of 7,823 citizens from those lying in hospitals as well as shelters, social care, the elderly and orphanages." LINK
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Clare: The Iraqi dollar and the first day “passed peacefully”.. The Central Bank is innocent and devoted to the dinar
1/5/2025
“The first day passed peacefully,” said Dr. Mahmoud Dagher, a prominent financial expert, commenting on the first day of official work after the New Year’s holiday and the start of implementing the decision to cancel the dollar selling platform for traders and companies, which had been controversial for 20 years. Since Sunday morning, there has only been a slight increase in the dollar price.
According to Dagher, who managed the operations of the Central Bank for many years, the platform’s function has changed from being a seller of dollars to Iraqi companies, to an intermediary between Iraqi banks and foreign correspondent banks (JP Morgan and Citibank),
Which will be responsible for auditing and approving the transfers, instead of the Central Bank of Iraq, which has cleared its responsibility in this way according to an understanding with international institutions and the US Federal Reserve, and is currently devoted to taking dinars from Iraqi traders and converting them into dollars to be transferred to foreign banks that have begun to organize Iraqi trade.
Canceling the platform does not mean that the Central Bank is not converting dinars into dollars.
The Central Bank receives the dinar from the banks, which is the money of the customers (traders), and converts it into dollars and delivers it to the foreign correspondent banks. It will not undertake the auditing, but they will undertake that.
The currency selling window will remain, but its mission will not be to sell dollars but to convert dinars into dollars, and there was no problem in the market today, Sunday, although the dollar rose very slightly. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man To be a global economic powers [Iraq's] exchange rate will need to be far different than 1310. It's just the way it's going to be. They haven't done anything yet. They're hiding things when it comes to that.
Frank26 [Iraq boots-on-the-ground report] FIREFLY:Mr Sammy says everything is in place in his eyes. The only thing Mr. Sammy thinks we need is for Iraq to reveal a new rate to show and back the stability of the dinar as a new global currency. FRANK: Yes sir Mr. Sammy because that's what the contractors are waiting for.
Jeff The currency auctions prior to the beginning of November were averaging around $250 million daily...Since November... they've remained elevated about $280 to $300 million daily...They're emptying their coffers of the US dollar prepping to revalue.
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Get Ready For Extreme Volatility in 2025
Heresy Financial: 1-6-2024
TIMECODES
0:00 Intro
0:32 Where is the Volatility Coming From
1:43 Easing Financial Conditions to Tightening
6:17 Money Market Funds Don't Equal Liquidity
7:58 Changes to Monetary and Fiscal Policy