Seeds of Wisdom RV and Economic Updates Saturday Afternoon 1-11-25

Good Afternoon Dinar Recaps,

RIPPLE'S RLUSD EXPANSION PLANS UNVEILED FOR MAJOR EXCHANGES, INCLUDING COINBASE LISTING STRATEGY

Ripple’s newly launched U.S. dollar-pegged stablecoin, RLUSD, is gaining momentum following its debut on Ethereum and the XRP Ledger last month.

Approved by the New York State Department of Financial Services (NYDFS), RLUSD has already been listed on Bitstamp, and Ripple is now in discussions with major exchanges like Coinbase to broaden its availability.  

Jack McDonald, Ripple’s Senior Vice President of Stablecoins, outlined the technical and strategic challenges of exchange listings during an interview. 

“It’s not just a handshake agreement,” he explained, emphasizing the need for exchanges to adapt to different blockchain protocols. Ripple’s CTO, David Schwartz, hinted at eventual expansion to additional networks, further increasing the stablecoin’s reach.  

Challenges in securing listings with major exchanges

Despite Ripple’s approval from NYDFS providing a regulatory edge, McDonald acknowledged the complexities of securing support from major exchanges like Coinbase and Binance, which often maintain exclusivity with certain stablecoins.

For instance, Coinbase’s close partnership with Circle’s USDC presents challenges, though McDonald believes Coinbase might gradually diversify its stablecoin offerings.  

Volume and demand are also critical factors. Exchanges assess the cost-benefit of listing new assets, considering both technical integration and the ongoing support required. “They want to make sure that there is demand for it,” McDonald noted.  

Looking ahead, McDonald predicts that institutional-backed issuers with strong compliance frameworks will dominate the stablecoin market. Smaller players may struggle to meet regulatory costs, leading to a consolidation of market share among established names. Liquidity, regulatory approval, and institutional relationships are likely to play pivotal roles in determining market leaders.  

Ripple’s focus on robust compliance and institutional support positions RLUSD as a key player in this evolving landscape, with further listings expected to drive adoption in 2025.  

In addition, Ripple collaborates with Chainlink to improve RLUSD adoption

@ Newshounds News™

Source:  Traders Union

~~~~~~~~~

XRP LEGAL BATTLE BEGINS ON WEDNESDAY

The SEC, the US Securities and Exchange Commission, has until January 15, 2025, to submit its initial brief on the Ripple case. The court had previously decided that XRP was not a security in and of itself when the appeal was filed.

The financial watchdog contesting some of the ruling’s findings, including how Ripple’s XRP sales on cryptocurrency exchanges and the private XRP sales of Chris Larsen and Brad Garlinghouse, two of the company’s executives, should be categorized. The upcoming brief will most likely revolve around those arguments.

SEC chair Gensler, who has spearheaded the agency’s vigorous targeting of the cryptocurrency sector, will resign on January 20. Donald Trump, the president-elect, will take office on the 20th.

Gary Gensler will be replaced as SEC Chair by Paul Atkins, suggesting possible adjustments to the agency’s stance on crypto regulation. The case may likely be resolved given Gensler’s departure.

Media reports predict that the SEC may cut back on or drop some crypto lawsuits. The SEC may instead prefer settlements, also known as “consent decrees,” which provide industry clarity and permit negotiated resolutions.

These settlements may help the industry meet regulatory requirements without completely abandoning cases by encouraging the SEC to create more precise guidelines and regulations.

Brad Garlinghouse, the CEO of Ripple, voiced optimism, pointing out that Atkins could “bring common sense back to the agency.” “XRP may solidify its non-security status and possibly start a bullish price trend if the SEC withdraws its appeal as a result of this leadership change.

@ Newshounds News™

Source:  FX Leaders

~~~~~~~~~

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

FED Pivot Is DEAD: NO Interest Rate Cuts in 2025 as Economy Adds 256,000, Exceeding Expectations

FED Pivot Is DEAD: NO Interest Rate Cuts in 2025 as Economy Adds 256,000, Exceeding Expectations

Lena Petrova:  1-11-2025

The much-anticipated “pivot” by the Federal Reserve – the shift from aggressive interest rate hikes to potential cuts – appears to be firmly off the table, at least for 2025.

This conclusion comes hot on the heels of a robust jobs report that far exceeded expectations, adding 256,000 jobs to the U.S. economy. The data paints a picture of a labor market that remains surprisingly resilient, potentially dashing hopes for a change in monetary policy aimed at easing the pain of high borrowing costs.

For months, investors and economists have been parsing every piece of economic data, searching for signs that the Fed would soon begin to lower interest rates. The logic was straightforward: inflation had begun to cool, and the cumulative effect of prior rate hikes would eventually lead to a slowdown in economic activity, prompting the central bank to ease its grip. However, the latest employment figures throw a significant wrench into these expectations.

The unexpectedly strong job growth isn’t just a number; it’s a signal that the economy is still running hot. With more people employed, the potential for increased consumer spending and continued inflationary pressures remains very real. This puts the Federal Reserve in a precarious position.

 Their primary mandate is to ensure price stability and promote maximum employment. While employment is clearly strong, inflation, while lower than its peak, is still above the Fed’s target of 2%.

The Federal Reserve’s next move will largely depend on upcoming inflation data. If inflation remains stubbornly high despite the strong jobs market, the Fed will likely maintain its current stance. However, a noticeable cooling in inflation could still open the door for rate cuts, albeit later than previously anticipated.

The focus now shifts to subsequent economic reports.

As the Fed continues to monitor the economic landscape, investors and analysts will be closely scrutinizing inflation data, consumer spending figures, and any further shifts in the labor market. The narrative of a quick pivot, it appears, has been replaced by a more cautious and data-dependent approach.

While the strong employment numbers are a positive sign for the labor force, they present a new challenge for the Federal Reserve in their fight to curb inflation. The economic path forward remains uncertain, but one thing is now clear: the prospect of interest rate cuts in 2025 is far from guaranteed.

https://www.youtube.com/watch?v=iwBGFL8tRSg

News, Rumors and Opinions Saturday 1-11-2025

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 Sat. 11 Jan. 2025

Compiled Sat. 11 Jan. 2025 12:01 am EST by Judy Byington

Global Financial Crisis:

Fri. 10 Jan. 2025: Rep. Buddy Carter has just introduced a bill to abolish the IRS and the Federal Income Tax.

Fri. 10 Jan. 2025: Major department store is closing 27 locations across 14 states. A major US retailer announced Thursday that it will be shutting down 27 locations across 14 states this year. Of those locations, 10 are located in California.  https://www.msn.com/en-us/money/companies/major-department-store-is-closing-27-locations-across-14-states/ss-BB1rdQ59

Read full post here:  https://dinarchronicles.com/2025/01/11/restored-republic-via-a-gcr-update-as-of-january-11-2025/

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

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

Frank26   Question:  "What do you think Iraq's time to allow international to exchange our notes?  That's their prerogative.  Normally when something like this happens the IMF works with that central bank of that country and they figure out a time frame.  It can be three months...six months.  It can be a year.  The Untied Sates of America never cancelled our 3 zero notes... America never stopped allowing 3 zero notes to be exchanged but I got a feeling Iraq will and they should.

Militia Man  Article: "Al-Nusairi: Explains the new mechanism for external transfers after the platform is closed"  We have been following this and we have been spot on...They finally have done what was expected. This is to get the Central Bank back to normalcy...with international standards. That it a fact. A very good thing to have had correct all along [in our] study of the Iraqi Dinar...

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

Silver Price ALERT: Why Andy Schectman Calls It the Opportunity of a Lifetime! | Silver Price 2025

Economy Express:  1-10-2025

Silver Price ALERT: The Untold Story Behind Andy Schectman’s Opportunity of a Lifetime! In today's video, we delve into the critical insights shared by Andy Schectman regarding the silver market and why he believes it represents an unparalleled investment opportunity.

 As the global economy faces unprecedented challenges, Schectman warns that the true value of silver is being suppressed, and a significant price discovery is imminent.

We explore the implications of Federal Reserve policies, rising interest rates, and the systemic risks facing banks. Discover how silver can serve as a hedge against inflation and why now is the time to consider diversifying your portfolio into tangible assets.

https://www.youtube.com/watch?v=4yRn39cG7fs

UN in Turmoil: BRICS Breaks the Chain of Western Control: End of US Influence as We Know It?

Fastepo:  1-11-2025

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 1-11-25

Good Morning Dinar Recaps,

NEW HOUSE FINANCIAL SERVICES LEADERSHIP TARGETS DIGITAL ASSET REGULATION

The House Financial Services Committee has chosen leadership with an eye toward digital asset regulation.

Rep. French Hill (R-Ark.) announced the new appointments Thursday (Jan. 9), promising to “right-size the regulatory system for particularly community banks,” and “create a regulatory framework for digital assets that will protect investors and consumers.”

In addition, Hill said the committee would “ensure agencies are focused on their core statutory directed missions” and not political agendas.

The committee’s vice chairman — a position held by Hill in the last term — will be Rep. Bill Huizenga (R-Mich.). In addition, Hill said, Rep. Mike Lawler (R-N.Y.) will serve as vice chair for communications, and Rep. Mike Haridopolos (R-Fla.) will be committee whip, the latter to “ensure our Republicans are working together toward our common goal.”

In addition, the committee has announced chairs for its various subcommittees, including: Rep. Ann Wagner (R-Maine), Capital Markets; Rep. Andy Barr (R-Ky.), Financial Institutions; Rep. Bryan Steil (R-Wis.), Digital Assets, Financial Technology and Artificial Intelligence.

Rep. Warren Davidson (R-Ohio) was named chair of the Subcommittee on National Security, Illicit Finance, and International Financial Institutions, with Rep. Dan Meuser (R-PA) overseeing the Subcommittee on Oversight and Investigations. Lastly, the Subcommittee on Housing and Insurance will be chaired by Nebraska Republican Rep. Mike Flood.

As PYMNTS wrote earlier this week in a look at the upcoming legislative session, there have been a number of attempts at laws to create frameworks around digital asset markets.

For example, the Financial Innovation and Technology for the 21st Century Act was passed by the House but not the Senate. The act would, among other things, establish standards for digital assets and consumer protections, and segregation of funds.

And then there’s the question of cryptocurrency. Speaking with PYMNTS, Mike Katz, a partner in Manatt, Phelps and Phillips Financial Services Group, said that “despite the razor-thin Republican majorities, there is a growing bipartisan consensus in Congress around the need for thoughtful, innovation-focused crypto and AI legislation.

“It will be interesting to see if any digital asset bills are part of the tax-and-border-focused reconciliation package already being discussed in Congress. I’d expect a strong stablecoin bill to move quickly given existing bipartisan support,” he added.

@ Newshounds News™

Source:  Pymnts

~~~~~~~~~

BRICS NEWS:  BRICS: US DOLLAR REMAINS IN HIGH DEMAND, DE-DOLLARIZATION FAILING

The BRICS alliance which kick-started the de-dollarization agenda is now under the mercy of the US dollar in 2025. The US dollar remained in the green for nine consecutive days in the DXY index and tramping other local currencies. 

The Indian rupee has fallen to a lifetime low of 85.93 and is on the brink of dipping to the 86 level. The Chinese yuan and the Japanese yen are facing similar lows and are unable to take on the rising US dollar.

The US dollar singlehandedly outperformed all local currencies in 2025 taking the top spot in the currency markets. The USD has now reached a high of 109.30 in the DXY index and could breach its all-time high of 109.53. The currencies of BRICS members are the hardest hit despite the alliance pushing the de-dollarization agenda to bring the US dollar down.

BRICS: Here’s Why the US Dollar is Rising and De-Dollarization is Failing

The first boost to the dollar came in early January after US weekly Initial Jobless Claims declined to 201,000 from the previous 211,000. The US Department of Labor (DOL) published the report indicating that the jobs market could ease out leading to employability. 

In addition, Fed Governor Christopher Waller made an announcement saying that inflation could continue to fall in 2025. These two events early this month boosted the US dollar’s prospects and dented the BRICS’ de-dollarization initiative.

The BRICS bloc now remains under pressure as local currencies are facing an uphill task to sustain themselves. The raging US dollar is showing no signs of stopping and is taking the de-dollarization agenda by the horns. 

If the momentum persists, BRICS can only dream of de-dollarization and never make it a reality. The US dollar has sustained many whiplashes over the last seven decades and has faced all challenges head-on.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

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

“Tidbits From TNT” Saturday Morning 1-11-2025

TNT:

Tishwash:  It can become a major source of income in the economy.. Al-Sudani directs the maturation of tourism projects

Prime Minister Mohammed Shia Al-Sudani stressed, today, Saturday (January 11, 2025), the necessity of investing in Baghdad as the capital of Arab tourism to launch tourism development projects, considering that it can be transformed into a primary source in the non-oil economy.      

The Prime Minister's media office stated in a statement received by "Baghdad Today" that "Al-Sudani chaired a meeting today, Saturday, devoted to presenting a package of tourism projects planned to be established in the capital, Baghdad, and the rest of the governorates."

According to the statement, Al-Sudani directed to work on maturing tourism projects and offering them as a single package, especially since developing this sector will contribute to strengthening and diversifying the national economy by activating vital sectors, including the tourism sector, which the government is keen to activate for the next stage, based on its government program.

He pointed out that tourism and its components are available in Iraq, and it is possible to transform into a basic source in the non-oil economy, with the availability of opportunities, local need, and the desire of citizens to benefit from and enjoy modern, advanced, and environmentally friendly tourism facilities. It also represents a gateway to expanding the elements of attraction for incoming tourism from abroad.

The Prime Minister explained the importance of investing in the opportunity of choosing Baghdad as the Arab Tourism Capital for the year 2025, building attractive tourist and entertainment facilities and installations, overcoming bureaucratic obstacles, and creating more suitable conditions to attract foreign investment in this sector. 

According to the statement, the meeting approved extending an invitation to a Spanish company specialized in tourism development in order to put projects related to this sector into action, as well as to develop the capabilities of specialized tourism cadres and keep pace with the latest developments witnessed by this sector globally.

21 tourism projects were also reviewed, including hotels, resorts, sustainable forests, cities and entertainment complexes in Baghdad and various governorates, which provide attractions, infrastructure and economic feasibility. link

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

Tishwash:  Iraq awaits "financial challenges".. Dollar scarcity, liquidity declines, and salary reserves are sufficient for 6 months

International economics expert Nawar Al-Saadi confirmed today, Friday (January 10, 2025), that Iraq is facing major and dangerous financial challenges, and these challenges must be avoided through real reforms.

Al-Saadi said in an interview with Baghdad Today that “the financial challenges in Iraq are ongoing, but recently they have begun to threaten its monetary stability and raise concerns about their impact on the government’s ability to pay salaries in the coming months.

 I do not believe that they will lead to an inability to pay salaries, as the Ministry of Finance has a reserve that may reach at least 6 months, but this concern stems from several data and indicators that have emerged recently, including that the Iraqi economy depends almost entirely on oil revenues, which represent the main source of government revenues, and any decline in global oil prices leads to a reduction in these revenues, which puts additional pressure on the general budget and increases the possibility of a financial deficit.”

He pointed out that "there are problems related to foreign currency management, as dollar smuggling operations have worsened through some unofficial outlets and weak supervision of banks, which has led to a shortage of dollars in the local market and a decrease in general liquidity. This affects monetary stability and puts the government in difficulty in financing salaries, especially with the increasing reliance on cash reserves to cover this deficit."

He added, "The banking sector suffers from a lack of confidence among citizens, as many prefer to keep their money outside the banking system, and this behavior contributes to reducing the cash flow available in the market, which adds further complexity to the financial situation."

The international economics expert concluded by saying, "In short, Iraq's financial situation requires urgent reform steps that include diversifying sources of income, improving revenue management, and enhancing citizens' confidence in the banking system, to avoid a liquidity crisis that could have broad repercussions on the economy and society." link

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

Tishwash:  Reveals details of the restructuring plan for Rafidain and Rashid Banks

An economic expert revealed the government’s plan to restructure its two banks, Rafidain and Rashid.

Salah Nouri told Al Furat News Agency, "The reasons for restructuring Rafidain and Rashid banks are the presence of bad financial assets, most of which are loans granted that were impossible to obtain before 2003, which led to a decline in the credit rating by international financial institutions and the refusal to deal with them."

He explained that "in order to restore international confidence in the two banks, it is necessary to restructure the two banks by excluding bad financial assets from the financial center of the two banks and using modern technology and establishing two parallel banks, one for Rafidain and the other for Rashid, to which the bad financial assets will be transferred."

He explained, "After separating Rafidain Bank into a bank that owns sound financial assets and another parallel Rafidain Bank that owns bad financial assets, as well as Rashid Bank into Rashid Bank that owns sound financial assets and Rashid Bank that owns bad financial assets, Rafidain and Rashid banks, which own sound financial assets, will be merged into one bank, as well as merging Rafidain Bank with bad financial assets with Rashid Bank with bad financial assets into one bank."

Nouri said that "the new bank after the merger with sound financial assets will practice cash and contractual credit activities and dealings with international financial institutions, but the new bank after the merger with sound financial assets needs capital support with not small amounts, and this must be determined by the party that supports the capital, according to the government decision."

He noted that "among the financial activities of the new bank is the use of artificial intelligence in addition to bank employees with high technical skills."

He continued that "the process of restructuring the two banks financially and organizationally since 2011 with the membership of the Federal Board of Financial Supervision, the Central Bank of Iraq, the international auditing firm EY, the Ministry of Finance and the two banks concerned, has stopped, and currently the process of restructuring the financial and organizational structure has been resumed by assigning the international auditing firm according to the methodology referred to above."

Prime Minister Mohammed Shia al-Sudani chaired a special meeting yesterday, Thursday, to discuss the development of the work of government banks, in the presence of representatives of Ernst & Young for Auditing and Financial Consulting.

The Prime Minister explained that "the completion rate of the project to restructure Rafidain Bank has reached its final stages, stressing that it will enter into force in the coming few days, within the framework of a plan that has been studied and implemented according to the established standards and specifications."

Meanwhile, the Prime Minister's financial advisor, Mazhar Mohammed Salih, revealed to {Al Furat News} that a new banking entity is about to be born in Iraq.

Salih said that "the study aims to establish a new banking entity specializing in government banking operations, to meet the needs of the government exclusively. This entity will contribute to achieving the goals of the unified treasury account, which is a crucial tool for regulating cash flows for public finances."

He pointed out that "the study focuses on evaluating the legal status of the two banks, including property rights, evaluating assets and liabilities, and studying the requirements of a strategic partner if necessary, with a focus on developing the two entities to operate according to advanced financial technology that meets the requirements of the national banking market."

He stressed that "the structural reform also aims to enhance the integration of the two banks into the national banking market and enable them to expand into global financial markets, especially in the areas of trade and investment financing for the private sector," indicating that "the two potential entities will rely on modern systems in compliance, governance and risk management, with a focus on digital payments."  link

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

Mot: . ARE YOU READY!!!??? --- I Am!!!

Mot: Over the Hill……

Seeds of Wisdom RV and Economic Updates Friday Afternoon 1-10-25

Good Afternoon Dinar Recaps,

XRP LAWSUIT: RIPPLE CTO REVEALS LEGAL STRUGGLES AND THE SILENCE HE WAS FORCED INTO

The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) has gained widespread attention, carrying profound implications for the entire cryptocurrency industry. The lawsuit, which began in December 2020, accuses Ripple, along with its CEO Brad Garlinghouse and co-founder Chris Larsen, of raising over $1.3 billion through an unregistered securities offering by selling XRP.

In the midst of this high-stakes legal fight, Ripple’s Chief Technology Officer (CTO), David Schwartz, recently shared his thoughts on the situation. He opened up about the challenges posed by the lawsuit and the broader regulatory scrutiny faced by the crypto industry. 

He explained how the legal constraints surrounding the case prevented Ripple from addressing certain truths about the situation. “One of the things that most annoyed me about the lawsuit and the war on crypto was that there were things that were indisputably true that I could not say,” Schwartz said.

While Schwartz acknowledged the frustration of not being able to speak freely, he found some solace in seeing others express these truths on Ripple’s behalf. He added, “It definitely lifted my spirits to see someone else say them when I could not.”

Schwartz said that, despite his willingness to be more open about the matter, he believes discussing the past in detail would not be productive. He explained that, due to legal and strategic constraints, Ripple has been unable to directly combat misinformation, relying on the support of the XRP community, often referred to as the “XRP Army,” to help fill that gap.

Ripple Vs SEC Latest Update:

Judge Phyllis J. Hamilton has allowed Ripple CEO Brad Garlinghouse to keep some court documents sealed. This includes documents about judgments and expert testimony. Both Ripple and the SEC can keep these details private as the case moves to the next stage, following a rule to protect sensitive information.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

U.S. SENATE TO LAUNCH CRYPTOCURRENCY SUBCOMMITTEE, LUMMIS TAPPED AS CHAIR

In a significant move for the crypto industry, the U.S. Senate Banking Committee is set to create its first-ever subcommittee focused exclusively on cryptocurrency.

The U.S. Senate Banking Committee, under the leadership of Senator Tim Scott (R-S.C.), is poised to establish a dedicated cryptocurrency subcommittee to advance discussions on digital asset regulation and industry oversight, according to a report by Fox News.

The formation of this subcommittee, modeled after a similar House panel created in 2023, marks a pivotal step toward a more structured approach to crypto legislation at the federal level.

A Senate aide told Fox News that Wyoming Senator Cynthia Lummis, a staunch advocate for cryptocurrency, is the tentative choice to chair this groundbreaking panel. 

‘The selection of Lummis, pending a committee vote next Thursday, signals a shift in the Senate's approach to digital assets. Alongside her nomination, the subcommittee members, representing both Republican and Democratic sides, will also be finalized through the same voting process.

Lummis, known for her vocal support of Bitcoin, has described the asset as "freedom money" and has advocated for its potential to hedge against inflation and enhance financial independence.

She previously proposed a plan for the US to acquire a significant stake in the total Bitcoin supply through a 1-million-unit purchase program over a set period. "Establishing a strategic Bitcoin reserve to bolster the U.S. dollar with a digital hard asset will secure our nation's standing as the global financial leader for decades to come," Lummis said at the time.

Her leadership could steer the subcommittee toward developing a more balanced regulatory framework, fostering innovation while ensuring market integrity.

Senator Tim Scott first hinted at the possibility of forming a crypto-focused subcommittee during the Wyoming Blockchain Symposium last August. 

“Wouldn't it be kind of cool if we had a subcommittee on the Banking Committee... so that we bring more light to the conversation, more hearings on the industry, so that we get things done faster?” Scott remarked, highlighting his vision for streamlined legislative action.

This move comes as Scott replaces outgoing Chair Senator Sherrod Brown (D-Ohio), who maintained a more critical stance on cryptocurrency. Brown frequently called for stricter oversight, citing concerns about crypto's role in enabling illicit activities and circumventing sanctions. The change in leadership, coupled with the creation of a dedicated subcommittee, could lead to a friendlier regulatory environment for digital assets under the new administration.

Notably, the subcommittee will include other crypto-friendly lawmakers such as Senator Bill Hagerty (R-Tenn.) and newly elected Senator Bernie Moreno (R-Ohio), both vocal supporters of blockchain technology and cryptocurrency. Moreno, who defeated Brown in the November elections, has vowed to champion crypto-friendly policies in the Senate.

@ Newshounds News™
Source:  BlockHead

~~~~~~~~~

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

More News, Rumors and Opinions Friday Afternoon 1-10-2025

KTFA:

Clare:  Including the budget, intelligence, and minorities... Learn about the laws included in the parliament session on Sunday

1/10/2025

 The media department of the House of Representatives announced, on Thursday, the agenda of the parliament session next Sunday, including voting and reading of draft laws, including the 2025 budget schedules and others related to minorities and security.

According to the agenda, which was received by Shafaq News Agency, the parliament session next Sunday, January 13, includes 10 paragraphs, distributed between voting on draft laws, including the National Intelligence Service Law and mental health.

The session will also include reading draft laws, including the Yazidi genocide, the protection of minorities, and the federal budget schedules for 2025  LINK

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

Clare:  Among them is the Iraqi Elina Habba.. Trump honors his supporters from the leaders of the Arab and Muslim community

1/10/2025

US President-elect Donald Trump is scheduled to meet with leaders of the Arab and Muslim community in the United States and honor them, including the Iraqi Elina Habba, the lawyer who was known for being one of Trump's defenders and one of his most prominent supporters in the elections. 

Leaders of the Arab and Muslim American community revealed that a meeting will be held between President-elect Donald Trump and his Vice President, Geddy Vance, with community leaders in Washington, DC, two days before the inauguration of the president-elect for a new term on January 20.

The leaders explained to the "Erem News" website that "this meeting is an embodiment of the commitment that Trump made to the community during his election campaign in Michigan last fall."

They pointed out that "the meeting will be a celebration of Trump's success in winning the elections, in addition to renewing the emphasis on the special relationship that has linked Arab and Muslim American voters to the Republican Party in recent years."

The leaders revealed that the list of invitees to this meeting will include, in addition to officials of Arab and Muslim origins who were appointed to the new Trump administration, community leaders who were in the front lines of supporting Trump’s campaign in an attempt to win the votes of the Arab and Muslim community in Michigan and the rest of the US states. 

After announcing his victory in the elections, President Trump took the initiative to appoint Americans of Arab and Muslim origins to senior positions in his new administration.

Leaders explained to "Erem News" that there are other appointments on the way for more Arab Americans in the Trump administration in the days and weeks that will follow the president's swearing-in.

Among the names to be honored at the meeting are Trump's senior Middle East adviser, Massad Boulos, ambassador-designate to Turkey Tom Barrack, Iraqi-born lawyer Elina Habba, adviser to the president, and the appointed "Doctor of the Nation" of Jordanian origin, Janet Nesheiwat, in addition to Muslim physician Mehmet Oz and Egyptian-born physician Martha McCary, who was appointed director of the Food and Drug Administration.   LINK

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

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

Jeff  Iraq's '25 budget still in the works with the government expected to send the budget tables to the council representatives in early February.  The rate needs to change before that guys.  That's why I've been telling you you're in red-hot January.  January is a critical month...to our investment.

Mnt Goat  Article:  “NO FEAR FOR THE REGIME IN IRAQ AS LONG AS AMERICA AND THE RELIGIOUS AUTHORITY ARE “SATISFIED”… THE GOVERNMENT IS HEADING TOWARDS “INDEPENDENCE”  ...Iraq must gain their independence not just on paper but inpractical terms. Now that the Chapter VII sanctions are released for over 2 years already it is time...The next stage is full sovereignty promised to the Iraqi people during the second invasion in 2003.  Yes, they still are not a free country until they get back their currency, which means to control their own wealth...Also I want to mention...the CBI reserves are in the bank in New York JP Morgan/Chase DFI fund amounting to over $120 billion dollars. And so Iraq will also have to recover these funds too. The UN already decreed these funds should be returned to Iraq...we are watching this closely.

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

INFLATION Has COMPLETELY Devalued The Dollar...

Lynette Zang:  1-10-2025

https://www.youtube.com/watch?v=hZkB5YI1_DU

SITUATION-CRITICAL: The World Bond/Debt Market IS FLASHING RED... (AND WE HAVE A PROBLEM).

Greg Mannarino:  1-10-2025

https://www.youtube.com/watch?v=IktTwmDq69I

The Fed will End Quantitative Tightening this Year

The Fed will End Quantitative Tightening this Year

Heresy Financial:  1-10-2025

The Federal Reserve’s monetary policy has been a dominant force in the economic landscape in recent years, and its actions in 2025 will be closely watched. One key development anticipated is the cessation of quantitative tightening (QT), a process aimed at reducing the massive balance sheet the Fed accumulated during the pandemic.

Understanding the path to this point, along with the factors at play, is crucial for gauging the economic outlook.

To appreciate the current situation, we must look back to 2020. In response to the devastating economic impact of the CoviD-19 pandemic, the Fed engaged in unprecedented monetary easing. This included slashing interest rates to near zero and unleashing an enormous program of quantitative easing (QE), effectively “printing money” by purchasing trillions of dollars in Treasury bonds and mortgage-backed securities.

 This infusion of liquidity was meant to stabilize markets, support employment, and prevent a deeper economic collapse. While it achieved those goals to a large degree, it also laid the foundation for future challenges, including inflation.

As inflation surged in 2022 and 2023, the Fed pivoted sharply, embarking on a path of aggressive interest rate hikes and quantitative tightening (QT). QT involves allowing maturing assets on the Fed’s balance sheet to roll off and, in some instances, selling assets directly into the market. This process reduces the money supply and aims to cool down the economy and bring inflation under control.

However, QT hasn’t been without its complications. As the Fed reduces its holdings of Treasury bonds, it indirectly puts pressure on the government to borrow more from the open market, potentially raising the cost of borrowing for the US Treasury. This adds a layer of complexity to the financial system.

The Fed also maintains a Reverse Repo (RRP) Facility, a tool that allows financial institutions to temporarily park excess cash with the Fed in exchange for securities. Historically, it served as a safety valve, absorbing excess liquidity in the system.

However, in recent years, the RRP facility has seen a significant surge in utilization due to the vast amount of liquidity floating around as a result of the prior QE programs. As QT continues, the question remains whether the RRP will continue to play the same role or if the liquidity it absorbs will eventually dry up.

The central question surrounding the end of QT is: where is the liquidity coming from? The massive QE operations of 2020 created an unprecedented amount of money in the financial system. While QT is intended to drain that liquidity, the process unfolds slowly.

The persistence of the RRP utilization suggests that there’s still ample cash available. However, as the Fed continues to unwind its balance sheet, the system will become progressively leaner. This process will influence the cost of borrowing, and possibly the level of risk assets people are willing to take.

The move by the Fed to conclude quantitative tightening in 2025 marks a significant shift in monetary policy. While the immediate impact might be a reduction in upward pressure on interest rates, the lingering effects of 2020’s “money printing” and the complexities of unwinding such a large balance sheet mean that the economic path ahead remains uncertain.

 Investors and economists will be closely scrutinizing the Fed’s actions and the resulting market responses as 2025 unfolds. The lessons learned from this period will undoubtedly shape the future of monetary policy for years to come.

https://youtu.be/bqukrHuNHvE

Seeds of Wisdom RV and Economic Updates Friday Morning 1-10-25

Good Morning Dinar Recaps,

SEC’S GENSLER SAYS MOST CRYPTO PROJECTS ARE DOOMED AS RIPPLE APPEAL DEADLINE NEARS

▪️Gary Gensler warns crypto market still rife with fraud, says many projects won’t survive in his final interview as SEC Chair.

▪️Outgoing SEC Chair Gary Gensler highlights scams in crypto, calls for stronger regulation as he prepares to step down.

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

Gary Gensler, the outgoing chair of the Securities and Exchange Commission, shared his thoughts on regulating the fast-growing crypto market. While he acknowledged that crypto is still a small part of the overall financial markets, he said that it’s full of bad actors and scams.

Under his leadership, the SEC has filed about 100 enforcement actions in the past four years, compared to his predecessor Jay Clayton’s 80. Gensler believes that the crypto market is still struggling with fraud, with many projects acting like risky investments that may not survive.

In an interview with Bloomberg, Gensler said,

In this field, it’s rife with bad actors.” He then broke down the crypto market into two parts, saying, “The public knows a lot about Bitcoin, which, depending on its market value, is two-thirds to 80% of the market value of crypto.

Gensler pointed out that there are “10,000 to 15,000 projects raising money from the public.” Many of these projects, he believes, are simply speculative investments, “hoping for a better future.” 

He explained, “I’ve been around finance for over four decades, and everything in the markets trades on a mixture of fundamentals and sentiment.” However, he added, “At any given time, I’ve never seen a field that’s so much wrapped up in sentiment and not so much about fundamentals.”

Gensler Says Crypto Projects ‘Won’t Survive’

He also warned, “Many of these 10,000 to 15,000 projects will not survive. They’re like venture capital investments. They’re not going to survive.” Gensler pointed to the existence of “small pump and dump schemes” that have caused problems in the industry. Reflecting on past events, he said, “We’ve lived through a few years where they became notorious, but they’re in jail now.”

Despite the growing number of enforcement actions, Gensler thinks that the crypto market is still not complying with the rules. He sees his role as ensuring that the market works without fraud, manipulation, and misinformation. Gensler is set to resign on January 20 and Paul Atkins will serve as the SEC Chair next.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

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

PRO-CRYPTO CFTC BOSS, SUBCOMMITTEE RUMORED AS TRUMP INAUGURATION NEARS

New reports suggest the US Senate Banking Committee is looking to create its first crypto subcommittee, while Trump is reportedly eyeing a pro-crypto CFTC commissioner to take the agency’s helm.

The US Senate Banking Committee is reportedly set to create its first-ever crypto subcommittee, while a pro-crypto commissioner is now a top pick to replace the outgoing chair of the Commodity Futures Trading Commission, according to two reports.

The two reports — seen as positive developments for the crypto industry — come less than two weeks before President-elect Donald Trump’s inauguration, set for Jan. 20.

According to a report from FOX Business on Jan. 9, following a Punchbowl News report on Jan. 8, the US Senate Banking Committee’s new chair, Republican Senator Tim Scott, has made the creation of the subcommittee a top priority and plans to replicate the House Financial Services Committee’s model, which introduced a crypto subcommittee in 2023.

Two Senate aides told FOX that Scott has put forward Senator Cynthia Lummis to chair the subcommittee, with a vote on her approval to happen in the next few days. Lummis, a longtime crypto supporter, has recently echoed Trump’s push for a strategic Bitcoin.

Trump has made sweeping promises to rein in crypto regulation by enforcement and turn the US into a “crypto capital.” The Senate Banking Committee is the key overseer of financial agencies such as the Securities and Exchange Commission and of federal monetary policy.

A memo seen by FOX said Senators Bernie Moreno, Dave McCormick, Thom Tillis and Bill Hagerty were being considered for the new crypto subcommittee. They are all “strongly supportive” of crypto, according to the digital assets lobby group Stand With Crypto.

It is not known which Democrats might be joining the subcommittee, but Senator Elizabeth Warren, a vocal crypto skeptic, is the party’s most senior member of the Senate Banking Committee

In 2024, the House passed a key crypto bill known as FIT21 that was created by the House Financial Services crypto subcommittee. It would hand greater regulatory control to the Commodity Futures Trading Commission. The bill is currently awaiting action in the Senate.

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

Mersinger tipped to lead CFTC

Meanwhile, Unchained reported on Jan. 9 that five people close to the matter said CFTC Commissioner Summer Mersinger has emerged as a leading choice to chair the agency, as current CFTC chair Rostin Behnam said he’d be stepping down when Trump takes office.

Mersinger has overtaken ex-CFTC commissioner and a16z policy head Brian Quintenz for the job, as she’s seen as someone who could pass a Senate confirmation. She was a staffer for Senate Majority Leader John Thune for 12 years.

As she’s already a commissioner, Trump could appoint her to a temporary chair role while the Senate deliberates on her confirmation.

Mersinger has made crypto-supportive comments, telling a Blockchain conference in November that she was “uncomfortable” that the CFTC was “kind of setting some sort of policy through our enforcement cases.”

Trump is set to take office on Jan. 20, officially giving Republicans full control of the government after the party picked up a majority of Senate seats and kept its House majority in November’s elections. The new Congress kicked off on Jan. 3.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

IOTA INVITES DEVELOPERS TO APPLY FOR $10M IN SEASON 2 GRANTS

▪️IOTA’s Season 2 grant program aims to empower builders aligned with IOTA’s vision of sustainability and decentralization.

▪️Prospective applicants can submit proposals via the IOTA Grants website, with projects evaluated based on scalability, usefulness, safety, alignment with funding goals, and long-term viability

The IOTA Ecosystem DLT Foundation unveiled its Season 2 grant program. The IOTA Grants Season 2 has committed to offering $10 million in funding and fostering innovation within the Web3 ecosystem. The initiative looking to empower Web3 builders and innovators focused on projects closely aligned with its vision of sustainability and thriving within a decentralized and free ecosystem.

IOTA Grants Season 2 Focus Areas & Funding Goals

It caters to three core areas, namely open-source development, education, and events, for supporting projects. These categories advance IOTA’s ecosystem by covering key aspects of Web3 growth.

For context, open-Source Development promotes the development of tools, utilities, and public goods that increase user experience.

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

 Moreover, the foundation has targeted education to reduce the complexity of multi-layered technology to reach everyday users. Meanwhile, events that promote community-driven activities like hackathons and workshops are prioritized.

“We’re here to support you on this journey,” the IOTA Foundation stated. They added:

Whether you’re accelerating adoption through real-world applications, planning to utilize our EVM framework, or shaping the future of the IOTA Rebased network, our grants are designed to foster innovation and creativity across the entire spectrum.

Currently, one of the key areas of focus has been the launch of the IOTA rebased protocol. The IOTA Rebased protocol is reportedly gearing up for its mainnet re-launch in early 2025, reported CNF. On the social media platform X, Michael Atlan emphasized that this re-launch positions IOTA for broader real-world adoption

Success Of Season 1 Grants

The end of Season 1 of the IOTA Grants program has been on an upbeat note since it attracted quality talent and great projects. Altogether, there were 144 applications, from which 32 were funded amounting to $3.47 million. The process had to be momentarily halted because it was overwhelmed with applications.

The Foundation has reflected on the previous season by highlighting productive outcomes. In a blog post, the team wrote,

The first season proved highly productive, bringing exceptional talent and innovation into the IOTA ecosystem.

Hence, applying for Season 2 is relatively simple. Anyone can submit a proposal by logging onto the IOTA Grants website along with guidelines on the funding. The applicants would be interviewed by the IOTA Grant Committee, which includes members of the IOTA Foundation.

Projects are rated along six criteria including alignment with funding goals, scalability, usefulness, safety, expertise of the grantee, and long-term viability. 

The Foundation went ahead to inform that its evaluation process is quite transparent, assuring that all funding goes only to projects whose potential to alter the ecosystem can be maximally realized.

IOTA Grants Season 2 builds on the momentum of its predecessor and is seeking even more innovative ideas. “Your ideas have the power to drive positive change in the ecosystem, and the IOTA Ecosystem DLT Foundation is here to support you,” the Foundation encouraged.

The IOTA Foundation added that it’s excited to work with developers and visionaries to build the future of Web3. Thus, prospective candidates can visit the IOTA Grants website for more information or to apply.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

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

News, Rumors and

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

RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 10 Jan. 2025

Compiled Fri. 10 Jan. 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Wed. 8 Jan. 2025 MarkZ: Four banker contacts said they expect something to happen on Fri. 10 Jan. 2025. One banker heard Iraq was supposed to have the new Dinar rate on Sat. 11 Jan. 2025.

Tues. 7 2025 TNT: The RV will be on Forex this Friday 10 Jan. for the general public.

~~~~~~~~~~~~~

Thurs. 9 Jan. 2025 Bruce:

On Tues. 7 Jan. Redemption Centers and banks were pinging each other on the Starlink System around the world – that ended Thurs. morning 9 Jan. The new currency rates were supposed to be live after that.

The exchanges and redemptions are a non taxable event. The interest earned is taxable.

Everyone with Dinar will be offered the higher Contract Rate. If it is not offered to you, ask for it.

It is possible to receive the toll free numbers in emails from Wells Fargo early tomorrow morning Fri. 10 Jan.

It is possible to start exchange appointments Sat. 11 Jan.

R&R will be paid out after Inauguration Day Mon. 20 Jan.

SS increases could still occur in January.

Nesara/Gesara funds were moving globally and should be paid out between Jan. 20 and the end of the month.

~~~~~~~~~~~~~

Global Financial Crisis:

Thurs. 9 Jan. 2025: The Great Taking of 2025: How to Shield Your Wealth from the Global Elite’s Ultimate Heist – Gazetteller

Thurs. 9 Jan. 2025: CRITICAL! Banks Are Desperate to Keep You From the Redemption Centers: Iraqi Dinar, ZIM, QFS, and the New Gold Standard Signal the Death of the Fiat Dollar! – Gazetteller

Read full post here:  https://dinarchronicles.com/2025/01/10/restored-republic-via-a-gcr-update-as-of-january-10-2025/

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

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

Militia Man  There's some people out there that talk about the fact that the dollar auctions haven't changed.  That's wrong...you should already know this by now, it's called the new reinforcement mechanism.  Articles specifically tell you the dollar auctions...are no longer, at all.  Everybody that is going to get a dollar from anywhere in Iraq is going to come from this new mechanism and that's a fact.  

Frank26  The auctions have metamorphosed, they have evolved...they have progressed to what is now called international foreign currency transfers and it's being done by private banks...You think the currency auctions that once existed that Iran was taking advantage of are still active?  ...You're wrong.  You're ignorant...Transfers, no longer auctions.  This is not taking a currency and converting it into any other currency.  This is moving a currency in and out of the country they could never do before.  Don't you understand the value of that?  Don't you understand how important that is for the monetary reform?  Ain't got nothing to do with the CBI.  It has to do with the private banks exchanging between each other and across the borders.

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

My Bubble Meter Is at an All-Time High: Black Swans to Watch for in 2025 – Steve Hanke

Daniela Cambone:  1-9-2024

"The stock market is in bubble territory... and that signals danger," warns Steve Hanke, a renowned economist and professor of Applied Economics at Johns Hopkins University.

In this episode of the 2025 Outlook Series, Hanke sits down with Daniela Cambone to discuss the global economy, trade policies, and the key risks shaping the year ahead.

Prof. Hanke predicts a significant slowdown in the U.S. economy in 2025, citing the contraction of the money supply and the pace at which it grew as key factors. He also critiques President-elect Donald Trump's mercantilist trade policies, arguing that viewing trade as a "zero-sum game" will ultimately harm the U.S. economy.

“It’s immoral for the government to be interfering with you and I who are voluntarily agreeing to you sell,” he states. Turning his attention to Europe, Hanke highlights serious concerns about Germany's faltering economy, calling it "in the tank big time" and cautioning about its potential to destabilize the broader European economy.

CHAPTERS:

0:00 U.S. economic slowdown

6:42 Recession

9:39 Tariffs

15:05 Trump's trade policy

18:10 Trudeau

 18:40 Enhancing government efficiency

25:05 The issues in the EU

 30:51 Italy’s SpaceX security deal

35:35 Red flags for 2025

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

“Tidbits From TNT” Friday Morning 1-10-2025

TNT:

Tishwash:  Al-Sudani receives a call from the Pope

Prime Minister Mohammed Shia al-Sudani received a phone call today, Thursday, from the Pope of the Vatican, His Holiness Pope Francis, who invited al-Sudani to participate in the World Leaders Summit on Children's Rights, which the Vatican is organizing next February, on the occasion of World Children's Day.

A statement from Al-Sudani's office stated that the latter referred to the close relations between Iraq and the Vatican, the common positions on rejecting conflicts and wars, and strengthening efforts to establish security in the world.

For his part, His Holiness the Pope praised Al-Sudani's efforts to calm the situation and his ongoing dialogue with the countries of the region, in order to reduce tension and end conflicts, which contributes to establishing regional stability and security. link

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

Tishwash:  Economist: Electronic financial transactions save Iraq from cash shortage

Economic researcher Diaa Abdul Karim said on Thursday that the shift towards electronic financial transactions and generalizing this to all government and private transactions will save the country from a shortage of cash.

Abdul Karim told Al-Maalouma, “Most countries in the world, and Europe in particular, have moved towards electronic financial transactions, such that the culture of dealing with electronic cards in buying and selling in various sectors has been created in society, and even With the decline of its economy, it will not suffer financially because its financial transactions are electronic.”

He added, "These transactions make it unnecessary for governments to print currency continuously, as this process is financially costly. Iraq prints some denominations domestically and other denominations of currency are printed abroad, and printing them costs the financial value of this currency."

He explained that "the move towards electronic transactions requires intensive education in order to withdraw the cash mass from the street and to transform transactions, especially large amounts, through electronic cards. Consequently, the citizen will not be forced to withdraw large amounts from banks in order to buy a property, a car, etc., but will use his card to transfer money to the other party, which ensures the safety of financial transactions and prevents the cash mass from being wasted and taken out of the banking framework.”  link

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

Tishwash:  Rashid and Al-Mandlawi confirm coordination to legislate and approve laws that have direct relevance to citizens’ lives

Today, Thursday, the President of the Republic, Abdul Latif Rashid, and the Deputy Speaker of Parliament, Mohsen Al-Mandalawi, confirmed coordination to legislate and approve laws that have a direct impact on the lives of citizens.

Al-Mandalawi's office stated in a statement received by Al-Youm Al-Akhbariya that the latter "met today, Thursday, in Baghdad, with the President of the Republic, Abdul Latif Jamal Rashid, and during the meeting, the latest developments in the political, security and economic situations on the domestic and international arenas were discussed.

" He added that "the meeting discussed ways to expand the frameworks of cooperation and coordination between the Council of Representatives and the Presidency of the Republic in order to legislate and approve laws that have a direct impact on the lives of citizens."

He continued: "The meeting also discussed the efforts made by the government at the service level and the importance of supporting the reconstruction process and rehabilitating and developing the infrastructure in a way that achieves the aspirations of the people for a safe and stable life." link

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

Tishwash:  Kurdistan Region President to visit Baghdad next week

Kurdistan Region President Nechirvan Barzani is scheduled to travel to Baghdad next week, an official said.

“Barzani will participate in a meeting of the State Administration Coalition (SAC),” Dilshad Shihab, spokesperson for the Kurdistan Region Presidency, told Shafaq News Agency.

No additional details were provided regarding the visit or the agenda of the coalition meeting.

SAC was established following Muqtada Al-Sadr’s withdrawal from politics, it comprises mainly the Iran-backed Shiite Coordination Framework, the Kurdistan Democratic Party (KDP) led by Masoud Barzani, and the Sovereignty (Al-Siyada) led by Khamis al-Khanjar, along with Taqadum alliance, and the Patriotic Union of Kurdistan.

The coalition outlined goals such as combating corruption, implementing reforms, rebalancing Iraq’s regional and international relations, revising the electoral commission system, and promoting consensus among Iraqi factions.

The Coalition also choose PM Mohammed Shia Al-Sudani for the premiership.  link

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

Mot: . I Finded it I Did!! -- the Road to da RV!!!!

Mot: Some Day ""Earl"" 

Seeds of Wisdom RV and Economic Updates Thursday Evening 1-9-25

Good Evening Dinar Recaps,

HOW THE BITCOIN FREEDOM ACT COULD SHIELD OKLAHOMANS FROM INFLATION?

In November 2024, the US inflation rate grew sharply from 2.6% to 2.7%. In May 2020, it was just 0.1%. In June 2022, it touched a peak of 9.1%. This inflation pattern has adversely affected the value of the US dollar. Inflation, thus, is something that determines the quality of life a working-class professional leads. Recent developments indicate that US states are keen to protect people from the threat of inflation.

The Bitcoin Freedom Act introduced in the Oklahoma law-making house by Senator Dusty Deevers is the latest example. How much can this law impact the United States society? 

What is the Bitcoin Freedom Act?

The act proposes that Oklahomans should be provided a chance to choose whether they want to receive their wages in Bitcoin or not. It also submits that businesses should be allowed to accept payments in Bitcoin.

Why is the Bitcoin Freedom Act Significant?

At the start of 2024, the US inflation rate stood at just 3.1%. In March, it touched a peak of 3.5%. Though in November it came down to 2.7%, it was far higher than the 1.2% inflation recorded in the same month in 2020.

Growing inflation is one of the most serious threats the US economy is facing right now. Rising inflation means falling purchasing power.

Bitcoin can save people from losing their purchasing power to inflation, as its total supply is fixed, and thus is unaffected by the threat of devaluation unlike traditional currencies.

Oklahoma’s Leadership in Financial Innovation

The introduction of the bill is likely to make a serious impact across the United States. The action has lifted the state to the celebrated position of innovation-friendly economies. It may encourage many to enter the world of financial innovation confidently.

The Future of the Bitcoin Freedom Act

The political stance against the cryptocurrency industry shifted when Republican candidate Donald Trump who projected himself as a pro-crypto candidate, defeated Democratic candidate Kamala Harris who represented a crypto-skeptic regime, in the US presidential election.

In the latest election, the Republican Party received a massive majority in Oklahoma, a US state that has emerged as a stronghold of Republicans, especially since 2011.

The Bitcoin Freedom Act, also known as SB325, is expected to be discussed in the 60th legislative session of the 60th legislature. Reports say that the session will begin on February 3, 2025.

In conclusion, the Bitcoin Freedom Act is more than legislation – it is a step toward financial empowerment and innovation. By embracing Bitcoin, Oklahoma is securing its place in the future of finance.

@ Newshounds News™

Source:  CoinPedia

~~~~~~~~~

BRICS NEWS:  BRICS FAIL TO CHALLENGE US DOLLAR IN 2024: CAN THEY THIS YEAR?

In one of the biggest developments of the last two years, the BRICS bloc has sought to challenge the dominance of the US dollar. Although its de-dollarization process persisted in 2024, the economic alliance has failed to make a significant impact. Now, all eyes are on if it stands a chance in 2025.

According to data from TradingView, a majority of major currencies have fallen against the US dollar. Indeed, the metrics show that the greenback ensured its strength through a resilient American economy. Contrarily, economic activity slowing in China and the Eurozone failed to create an environment for thriving de-dollarization.

US Dollar Ends 2024 Unmoved: Can BRICS De-Dollarization Take Hold This Year?

First created in 2001, the BRICS economic alliance has grown into a legitimate global force. The bloc has continued to expand, although its geopolitical implications have become a point of contention. Amid its increased de-dollarization efforts, the group has proved no match for the strength of the West.

Recent data show that the BRICS collective failed to truly challenge the US dollar in 2024, with its eyes now on succeeding in 2025. Over the course of the last twelve months, the Chinese yuan and Indian rupee both fell 2.8% against the dollar. Additionally, the Russian ruble fell 18.6% against the greenback.

A big reason for the outcome is the United States’ ability to continue its economic recovery. The country’s inflation has fallen from its 40-year high to settle just above the Central Bank’s target. Throughout the last year, it has become one of the best-recovering countries from the 2020 pandemic.

That hasn’t proven true for the rest of the world. Now, all eyes are on the incoming Trump administration. The US President-elect has already issued a stark warning to the BRICS bloc and those seeking to ditch the US dollar. However, his policies could have massive implications. Whether or not the greenback is challenged remains to be seen, but such a challenge would certainly come with a cost.

@ Newshounds News™

Source: Watcher Guru

~~~~~~~~~

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

More News, Rumors and Opinions Thursday PM 1-9-2025

KTFA:

Clare:  Rafidain: 1395 departments have started activating electronic collection

1/9/2025  Baghdad

Rafidain Bank announced today, Thursday, that 1,395 departments have started activating electronic collection.

The bank said in a brief statement received by "Al-Eqtisad News", "The departments that have started activating electronic collection and collecting amounts electronically have reached 1,395 departments." LINK

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

Clare:  Al-Nusairi: Explains the new mechanism for external transfers after the platform is closed

1/9/2025  Baghdad

Economic and banking advisor Samir Al-Nusairi explained that closing the electronic platform on 12/31/2024, which was used by the Central Bank for prior auditing and controlling the transparency of foreign transfers and ensuring their arrival to the final beneficiary and overcoming suspicions of money laundering and terrorist financing, is not, as some believe, closing the platform is a closure of foreign transfers, but rather a change in the mechanisms to achieve fluidity and speed by reducing the links.

Al-Nusairi said in a televised interview that it is not normal for the Central Bank or the US Federal Reserve to carry out executive procedures, but rather the task of central banks is supervision and control, and the electronic platform was a stage in this direction, and now we have reached the stage that is practiced in the countries of the world according to international banking standards through the direct relationship between local banks and correspondent banks.

He added that transfers in other currencies will enable Iraqi banks that do not have correspondents in American banks to conduct their transfers through correspondent banks in other countries such as China, Turkey, the United Arab Emirates, India, Europe, Jordan and Saudi Arabia. This will lead to expanding the number of Iraqi banks that participate in foreign transfers and reduce pressure on other banks.

He stressed that the exchange rate announced as the parallel rate does not reflect the price reality, firstly because Iraq does not have the parallel market situation, which is only achieved when it has sources of dollars and currencies other than the Central Bank, such as private sector exports, remittances from residents abroad, tourism, etc., so it has exchange rates that correspond to the official exchange rate at the Central Bank, and that speculation in dollars on the black market is punishable by law.

Secondly, limiting the sale of cash dollars to travelers and through a strict mechanism has made cash dollar sales at a minimum level, and therefore what is in circulation is what remains with travelers. We should look at the price at which the Central Bank covers all external operations, including imports and personal transfers for the purposes of study and treatment abroad and legitimate purposes, which explains the stability of prices in light of the current inflation rate, which is about 3.1% less than the inflation rates in Arab, regional and neighboring countries. This means that the Central Bank has achieved a basic objective of monetary policy.

Al-Nusairi expressed his surprise that some people calculate the banks’ revenues from selling the dollar by measuring the difference between the market price and the official price, which is a big mistake because the banks do not transfer at the market price but at the official price monitored by the Central Bank

. He explained that the foreign currency selling window is dedicated to securing the Iraqi dinar for the purposes of the Ministry of Finance’s operating budget and to enhance the banks’ balances in foreign currencies for external transfers and to cover the cash dollar for travelers and for other legitimate needs of citizens.  LINK

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

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

Jeff  Up Until, through the end of September...was the government's busiest time period for having and holding sessions of parliament, getting record steps done, all in preparation for them to revalue.  Since September they only got a few odds and ends done.  Why so little?  Because they have a rate change date and they are working around that date...awaiting the revaluation...In this month of January you're witnessing them on a small level starting to implement their banking reforms via what they're doing through the currency auctions.  That's another critical preparation step for them to revalue the currency...

PompeyPeter  They won't carry on until they have something out on Forex.  Let's not forget the importance of that because that's attached to WTO.  I think that's an enormous indicator of where we're at.  They've got to pull the plug.  They've got to show that rate internationally on Forex even if they show 1310, which they won't because they'll implode economically, but they've got to put something up on that board.  They've got to show the international world the currency...It's got to be up there.

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

NEW FIGURES REVEAL: Dollar Reserves Crash to 30-Year Low as Banks Stockpile Gold

Taylor Kenny:  1-9-2024

The U.S. dollar’s global reserve share has hit a 30-year low, signaling declining confidence in its stability. Central banks worldwide are diversifying into gold as the risks of hyperinflation and a currency reset loom.

This video explores the rapid de-dollarization trend, its historical parallels, and what steps you can take today to safeguard your financial future.

CHAPTERS:

00:00 The Dollar’s Global Reserve Share Hits a 30-Year Low

00:31 The Vicious Cycle of Inflation and De-Dollarization

01:33 How Quickly Could the Dollar’s Dominance Collapse?

 03:15 Lessons from the 1970s: Inflation and Reserve Decline

 05:34 Alternatives to the Dollar: CBDCs and Geopolitical Shifts

07:46 Central Banks Move to Gold: The Safe Haven Asset

09:37 The “Frog in Boiling Water” Analogy

https://www.youtube.com/watch?v=zD7YFbQGSPg