More News, Rumors and Opinions Saturday PM 1-18-2025

KTFA:

Parliament publishes Sunday's session agenda.. 8 paragraphs including amending the budget law

Baghdad - 964

The media department of the House of Representatives published, on Saturday, the parliament’s agenda for the session next Sunday, corresponding to January 19, which includes 8 paragraphs, including the first amendment to the Federal Budget Law.   LINK

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Ariel : The Answer Shouldn’t be Hard

The Answer Shouldn’t Be Hard:

What do you all think this action would be?

What is the one thing above all that will solve this issue?

What have you been reading on my page for the past few years?

What are a dozen other countries waiting for to solve their liquidity issues?

What is the one thing that will instantly fill our reserves?

Elon Musk:  Major and immediate action is needed to prevent America from going bankrupt

Department of Government Efficiency: The last time a comprehensive review of the federal government was completed in 1984, the budget was $848 billion, national debt was $1.6 trillion & debt to GDP ratio was 38%. The budget is now $7 trillion, the national debt is $35.3 trillion & the debt to GDP ratio is 121.6%. Source:

https://www.cagw.org/thewastewatcher/proposed-musk-efficiency-commission-could-save-trillions

https://dinarchronicles.com/2025/01/17/ariel-prolotario1-the-answer-shouldnt-be-hard/

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

Mnt Goat  Article quote:  “possibility of transferring the dollar to trading platforms in the stock market, to be sold to those entitled to it through direct transactions instead of sending the dollar exclusively to banks”,  “stressing the need to organize these operations by switching to the “Forex” market,” ... WOW! WOW! WOW!  Did they just suggest using the trading platforms in the stock market i.e FOREX…. You gotta luv it… Music to my ears….

Jeff   Question:  "How long IYO will we have to exchange our 3-zero notes before they are rendered non-negotiable?"  Jeff:  ...When they phased out the old Saddam Swiss notes and put the new notes into circulation everybody had 90 days to turn in their old Saddam notes and get the new ones.  They used to have a 50 note up until 2012.  They phased out 50 note and replaced it with the 50,000 note. When everybody had to turn in their old 50 note they had 90 days as well.  My opinion is that we're all going to have 90 days to turn in our notes because that's how long they had historically from two different scenarios to turn them in.

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The Foundations Of The Global Financial Markets Are Shifting...

Lynette Zang:  1-18-2025

Today's video is about the treasury markets, why things are looking very scary and why you should be paying attention to what is happening. There has been a major shift in the foundation of the global markets, you need to be prepared...

https://www.youtube.com/watch?v=-eViFt29KC8

BRICS to Expand Ranks in 2025; Gold to Reach $3200?

Swiss America Trading:  1-18-2025

One of the geopolitical challenges of 2025 is the BRICS nations' continued expansion; as over 20 more nations have applied to become part of the alliance.

 While the league's growth could change the balance of global economic power, Swiss America's Dean Heskin and Chris Agelastos break down the ripple effects.

https://www.youtube.com/watch?v=Un7MmXtd6us

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 1-18-25

Good Afternoon Dinar Recaps,

RIPPLE EXEC MAKES BOLD 2025 STABLECOIN PREDICTION: DETAI

Jack McDonald, SVP of Stablecoin at Ripple, has made a bold prediction for the stablecoin market, declaring 2025 as "the year of the stablecoin." McDonald stated that as U.S. regulation advances, the stablecoin market will benefit from clearer guidelines and standards. 

This regulatory clarity is expected to foster greater trust, paving the way for broader adoption. The Ripple SVP expressed optimism that Ripple and its stablecoin, RLUSD, are well-positioned to lead the charge in this new era.

"2025 is the year of the stablecoin. As US regulation advances, standards will evolve, innovation will expand & real utility will take off. Ripple and RLUSD are ready to lead the charge," McDonald wrote in a recent tweet.

The stablecoin supply is increasing — currently boasting a market cap of nearly $216 billion and with projections of nearly $3 trillion within the next five years.

Ripple expands its horizons

While Ripple's enterprise blockchain solutions have grown to support a larger range of financial use cases, such as asset tokenization and custody, cross-border payments were the company's first application of blockchain technology.

Ripple Payments has processed more than $70 billion in payments to date, and the introduction of RLUSD adds another blockchain-powered payment option for cross-border transactions.

@ Newshounds News™

Source:  U Today

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$111,000,000,000 IN UNREALIZED LOSSES COULD HIT BANK OF AMERICA AS 10-YEAR TREASURY YIELD MOVES HIGHER: REPORT

Unrealized losses on Bank of America’s balance sheet are ballooning amid rising bond yields, according to a new report.

Bank of America’s unrealized losses on mostly US agency mortgage-backed securities could jump to $111 billion in the fourth quarter of 2024, an increase of 29% from the previous quarter, reports Barron’s.

Bank of America’s held-to-maturity assets stood at $568 billion as of the third quarter of 2024, according to a regulatory filing, including an unrealized loss of $86 billion at the time.

The bank’s unrealized losses continue to widen as the yield on 10-year US treasuries nears 5%.

And most of Bank of America’s held-to-maturity debt securities are comprised of agency mortgage-backed securities, which are witnessing similarly rising yields.

BofA’s unrealized bond losses are the highest in the industry. By comparison, the nation’s largest bank JPMorgan Chase has about $20 billion in unrealized losses as of Q3 2024.

In its Quarterly Banking Profile report issued in December, the Federal Deposit Insurance Corporation (FDIC) said the number of US lenders on its “Problem Bank List” rose to 68 in Q3, with total unrealized losses at all major banks standing at $364 billion.

@ Newshounds News™

Source:  DailyHodl

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BRICS: ANALYST CALLS US DOLLAR ‘GROSSLY OVERVALUED’ & HERE’S WHY

The last two years have seen the global south orchestrate its very own de-dollarization initiative. Seeking to promote local currencies, was a way to combat the growing influence the West had on global finance. Although the greenback has maintained much of its strength amid BRICS action, one analyst has called the US dollar “grossly overvalued.”

The sentiment is tied to the overwhelming influence that the US dollar maintains. Currently, the state of Mississippi, the poorest state in the country, is richer per capita than either the United Kingdom or Japan. Although the reason for this reality can be debated, one economist notes it is likely due to the overwhelming overvaluation of the currency.

US Dollar Called ‘Overvalued’ by Economist: Can That Push BRICS De-Dollarization?

2025 was always set to be a vital year for the BRICS alliance. With US President-elect Donald Trump returning to the White House, things are bound to change. The alliance has struggled with ongoing Western sanctions and answered with their own de-dollarization efforts. Yet, the returning President, unlike his predecessor, appears less enthused to sit by and allow such efforts to take place.

To this point, those efforts have failed. Indeed, Trump’s return has pushed the world’s global reserve currency to tremendous heights. Yet, the reason for that has recently come into question. Amid BRICS opposition, one analyst has called the US dollar “grossly overvalued” in a recent report.

“The poorest state in the US—Mississippi—has a per capita dollar income that is higher than those of the UK, France, Italy, and Japan and is only slightly lower than Germany,” Stephen Jen of Eurizon SLJ said in a Financial Times piece.

“Does this make sense to you?” Jen added. “To us, this is another proof that the dollar is grossly overvalued, inflated in part due to the supersized fiscal program.” There is evidence for the claim throughout the US economy. Indeed, the report notes that many SU gas station managers earn more than European doctors.

Ultimately, Jen notes that the “US fiscal posture is unsustainable.” Indeed, it is going to require a massive initiative to bring down its deficit, or major problems will soon arise. The question is, can Trump and his incoming DOGE commission handle such a lofty task? However, what does this reality mean for the budding BRICS alliance?

@ Newshounds News™

Source:  Watcher Guru

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ECB IS LOOKING FORWARD TO 2025 WITH THE DEVELOPMENT OF THE DIGITAL EURO AND THE ACCOMPANYING EU LEGISLATION

Christine Lagarde, President of the European Central Bank (“ECB”), is expecting European legislation for the digital euro. According to her, the European Commission will propose legislation for establishing a digital euro in the near future.

“We are in the preparation phase and we are expecting European legislation,” she said in her New Year’s message.

On the first day of the new year, Lagarde posted a video message announcing that the development of the European Union’s central bank digital currency (“CBDC”) – the digital euro – was in phase 2 and the ECB is “expecting legislation.”  

“Another significant development on the horizon is our digital euro. We are in the preparation phase and we are expecting European legislation,” she said. “Once that is done, we will decide whether we move forward with developing a digital form of cash.”

Lagarde wished those who watched her video a “very, very great start to 2025.” Well, the ECB’s aspirations, as she described them, begin the year on a very, very bad note and in wishing Europeans well she is speaking with a forked tongue.  Take for example the two blatant lies Lagarde told in her message.

Firstly, they would not be legislating for a digital euro if they were not intending to “move forward” with the agenda.  So, it’s not a case of deciding “whether” to move forward but rather the decision has already been made.

Secondly, CBDCs are not a “digital form of cash.”  They are tokens which can be programmed to be used only for certain items or services and to expire – much like a gift voucher system which retailers use. 

Vouchers are for a specific amount to be used on specific items or in specific retailers and expire within a specified time; the retailer’s rules and conditions apply.  It is because of the programmable and centralised nature of CBDCs that they will be used to control who can buy or sell what, when and where; the central bank’s rules and conditions will apply.

Do You Trust Christine Lagarde?  If So, You Shouldn’t

Read more at link below to hear her video and find out who she is:
Convicted Criminal and Eugenicist and Depopulationist.

@ Newshounds News™

Source:  Expose News

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Repeated Sanctions will Force Central Banks into Gold Ownership

Repeated Sanctions will Force Central Banks into Gold Ownership

Palisades Gold Radio:  1-17-2025

The global financial landscape is shifting, and a confluence of factors is pointing towards a potentially significant increase in central bank gold holdings.

In a recent discussion on Palisades Gold Radio, hosted by Tom Bodrovics, financial experts Bob Thompson from Raymond James and Larry McDonald, creator of the Bear Traps Report, delved deep into the complexities of inflation, sovereign debt, and the future of the US dollar.

Their analysis suggests that the era of unchecked monetary expansion and reliance on fiat currencies may be nearing a turning point, potentially ushering in a new era for gold.

The core issue, as highlighted by Thompson and McDonald, is the staggering $16 trillion debt increase witnessed since 2008. This surge, driven by expansive fiscal and monetary policies in response to various crises, has unleashed significant inflationary pressures. The consequences are particularly evident in the spiraling costs of energy and a mounting strain on long-term bonds. This is creating a challenging environment where market forces are potentially pushing the US dollar and bond markets towards a breaking point, suggesting a need for assets tied to something more tangible.

The strength of the US dollar, a dominant force in global finance, is also under scrutiny. While a strong dollar might seem beneficial, it creates complexities for US exports and American companies with international operations.

As Thompson and McDonald explained, a strong dollar makes American goods more expensive and hurts companies dependent on international sales. It also puts pressure on the Federal Reserve to buy bonds to maintain stability, inadvertently fueling inflation and potentially weakening the overall economy. The internal political tensions around a strong dollar make its future more unstable and difficult to predict.

This instability, coupled with a growing lack of trust in the US government due to sanctions and geopolitical tensions, is driving central banks to diversify their reserves. Instead of relying solely on US Treasuries, many are increasingly turning to gold.

 This shift is not merely an investment decision; it’s a statement of geopolitical risk aversion. Central banks are recognizing gold as a reliable store of value, a haven during times of uncertainty.

Despite these underlying trends, gold stocks have underperformed the S&P 500 recently. However, Thompson and McDonald believe this creates an opportunity for investors looking for asymmetrical returns. With interest rates expected to remain low and inflation potentially normalizing at a higher level than the previous decade, gold could see significant appreciation.

The conversation also dived into historical gold investing regimes and the current move back towards more favorable conditions. During periods of negative or low real interest rates, gold has historically performed well.

This recognition of long-term trends and identifying opportunities ahead of the curve, as the experts highlighted, is key to successful investing.

Furthermore, even the Fed’s inflation target could be shifting. A move towards a 3% target, as was discussed, could be a boon for certain investment portfolios. Sectors like industrials, metals, materials, oil, and gas could all benefit from this environment.

In summary, the narrative is clear: the current global financial system is under significant pressure.

 The combination of rising debt, inflationary pressures, geopolitical tensions, and a growing lack of faith in the US dollar is pushing central banks towards a seemingly inevitable conclusion – increased gold ownership. This shift, while still in its early stages, has the potential to reshape the global financial landscape for years to come.

Investors would be wise to recognize these trends and position their portfolios accordingly. This is not just about chasing returns; it’s about navigating the changing tides of global finance.

https://youtu.be/RvHZ6_1vpaU

News, Rumors and Opinions Saturday 1-18-2025

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. 18 Jan. 2025

Compiled Sat. 18 Jan. 2025 12:01 am EST by Judy Byington

Possible Timing:

Fri. 17 Jan. 2025: The Intel has broken down into two factions: The “It’s tonight” faction and the “After the inauguration” faction. …Mike Reed

Both sides agree on the following: It’s done. Toasted. Roasted. Finished. 165 degree internal temperature. There is nothing left that needs to be done from a paperwork or agreement perspective. Everything is signed, sealed and delivered. HCL: DONE. GOLD TREATY: DONE. TRADE AGREEMENTS: DONE. CODES ISSUED AND READY: DONE. RATES: DONE. NEW TREASURY NOTES IN BANKS: DONE.

Points favoring the “It’s tonight,” Faction: They can make the announcement in the mosques tonight, which we’ve always been told they would do. The FOREX would be closed. It’s too late for Biden to get credit for it. Yellen would have less than 48 hours to respond. It might precipitate a dollar crash when the FOREX reopens on Sunday, which is the perfect cover. The Iraqi’s fear that Trump, once in power, will halt the proceedings and try to secure a better deal for the United States, so they MUST go now before he gets in. They insist that the Dinar revaluation will be announced tonight at midnight eastern time.

Points favoring the “After the inauguration,” Faction: Trump gets full credit. Biden cannot steal or interfere. The inauguration itself gives cover in the news. It would still look like a mess that Biden handed over to Trump.

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Global Currency Reset:

Tues. 14 Jan.: “All the information is saying “Next week.” …JFK Awakening Q17 on Telegram

Wed. 15 Jan. 2025 Wolverine: Ok guys it’s definitely coming as things are in motion. Please make sure you have everything ready when we receive the green light. Remember for the Tier 4B group things won’t start 2 or 3hrs after the inauguration on Mon. 20 Jan.

Wed. 15 Jan. 2025 Nate: Expect the Iraqi Dinar Rate to change Jan. 20-22: https://x.com/realNateCarter/status/1879328680331313318?t=0OaJN2HGGpPKZd3lmWEbBQ&s=09

Thurs. 16 Jan. 2025 MarkZ: “My Asian Contact said he was expecting the RV on Tues. 21 Jan. or Wed. 22 Jan.

Thurs. 16 Jan. 2025 Bruce: The Green Light has been given. The RV is supposed to be released overnight tonight to Bond Holders. Today the Iraqi Dinar was on the Forex and trading upward. Tier4b (us, the Internet Group) should be notified to set appointments before Mon. 20 Jan. and can ask for the higher Dinar Contract Rate which appears to be based on the price of oil. Banks have had the new US Note in stock for over a year and a half and will be releasing it.

On Sat. 25 Jan. 2025, the first phase of the wealth redistribution will officially commence for the general public. …JFK Jr. on Telegram

Read full post here:  https://dinarchronicles.com/2025/01/18/restored-republic-via-a-gcr-update-as-of-january-18-2025/

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

Walkingstick  The black market is pretty much dead now.  There is no money for the corrupt to funnel the national currency out o the country...Cancellation of the auctions was brilliant... Nothing is affecting the monetary reform.  Nothing is touching the IQD exchange rate...That is badass.

Militia Man   Iraq hasn't been on the Forex market at 1310 in an International capacity.  Are they ever going to do that?   I don't think so.  When they start mentioning, first time in a long time, coming from the Central Bank of Iraq...telling you exactly what they've done...You're going to see a theme and that theme is, going international.  When they mention Forex, I have not seen them talk about this ever before...Take that whole thing very serious because it's powerful...

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Iraq Celebrates Operating on Global Stage at UN IQD Rate Developing News

Edu Matrix:  1-17-2025

Iraq Celebrates Operating on Global Stage at UN IQD Rate Developing News - Join us as we delve into a historic moment for Iraq! In this eye-opening report, we cover the reception organized by Iraq's Permanent Mission to the United Nations, marking the country's chairmanship of the Group of 77 and China.

With insights from Deputy Prime Minister Fuad Hussein and Iraq's UN Representative Dr. Abbas Kadhom Obaid, discover how Iraq is striving for unity and collaboration among developing nations to tackle global challenges like climate change and poverty.

Witness the commitment to multilateralism and the 2030 Agenda for sustainable development, ensuring no country is left behind. This event signifies a pivotal step towards Iraq's economic progress on the world stage.

https://www.youtube.com/watch?v=XiBtlixVC9Q

Seeds of Wisdom RV and Economic Updates Saturday Morning 1-18-25

Good Morning Dinar Recaps,

BORROW WITHOUT SELLING: A LOOK AT COINBASE’S NEW BITCOIN LENDING SOLUTION

Coinbase has partnered with Morpho to launch a Bitcoin-collateralized USDC lending service on Base blockchain, allowing US users to borrow up to $100,000 without selling their Bitcoin.

▪️Coinbase and Morpho have partnered to offer Bitcoin-backed USDC loans up to $100,000 on the Base blockchain, with Bitcoin automatically converted to cbBTC as collateral

▪️The service is currently available to US customers (except NY state), with plans for global expansion, particularly targeting the EU market

▪️Interest rates are variable and determined by Morpho’s market-driven mechanism, with no fixed repayment schedule

▪️Loans are positioned as a tax-efficient alternative to selling Bitcoin, allowing users to maintain their crypto holdings while accessing liquidity

▪️The service has drawn mixed reactions, with critics raising concerns about centralization risks, auto-liquidation during price drops, and variable interest rates

Coinbase, a leading cryptocurrency exchange, has launched a new lending service that allows users to borrow USD Coin (USDC) using their Bitcoin as collateral.

The program, announced on January 16, 2025, emerges from a partnership with Morpho, a decentralized money market protocol, and operates on Coinbase’s layer-2 blockchain platform, Base.

The new service enables users to borrow up to $100,000 in USDC while retaining ownership of their Bitcoin. When users pledge their Bitcoin as collateral, it is automatically converted to Coinbase Wrapped Bitcoin (cbBTC) at a one-to-one ratio before being transferred to Morpho’s smart contracts.

Currently, the service is available to United States residents, except for those in New York State. Coinbase has indicated plans for international expansion, with the European Union marked as a likely next target market due to the alignment of USDC with MiCA regulations.

The lending process operates without a fixed repayment schedule, offering flexibility to borrowers. Interest rates are not fixed but instead fluctuate based on Morpho’s market-driven mechanism, which automatically adjusts rates according to market conditions.

One key feature of the service is its potential tax benefits. By borrowing against Bitcoin rather than selling it, users may be able to defer capital gains or losses, making it an attractive option for those seeking liquidity without triggering taxable events.

The borrowed USDC can be converted to US dollars without fees, opening up possibilities for various uses, including major purchases like cars or mortgage down payments. Users can also earn over 4% in rewards on their USDC and send it globally without additional costs.

Morpho’s involvement in the partnership brings substantial credibility to the program. The protocol has grown to become the 12th-largest decentralized application by total value locked, managing over $3.2 billion in 2024, representing a 444% increase in activity.

The introduction of this service follows Coinbase’s launch of cbBTC in September. Since its inception, cbBTC has accumulated a supply worth $2.1 billion, equivalent to 21,495.46 BTC, according to Dune Analytics data created by user eekeyguy.

Mixed Reception

The community response to the new lending service has been mixed.

While some users appreciate the additional financial flexibility, others have raised concerns about potential risks. Critics have pointed out the dangers of auto-liquidation during market downturns, where borrowers could lose their collateral if Bitcoin’s value falls below certain thresholds.

Several users have expressed wariness about centralization aspects of the service. The involvement of Coinbase as an intermediary and the use of wrapped Bitcoin (cbBTC) has led some DeFi purists to question whether the service aligns with decentralization principles.

The variable interest rate structure has also drawn attention. Rates are recalculated frequently, which could create uncertainty for borrowers trying to plan their finances. Some community members argue this variability might make the service less attractive for long-term borrowing.

Technical aspects of the implementation have come under scrutiny. The conversion of Bitcoin to cbBTC and its deployment through Ethereum-based DeFi protocols has raised questions about complexity and potential risks in the loan structure.

For monitoring purposes, users must keep track of their loan-to-value ratio to avoid liquidation events. This requirement places additional responsibility on borrowers to actively manage their positions, particularly during periods of market volatility.

@ Newshounds News™

Source:  Blockonomi

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SEC LAWSUITS THREATEN TO DELAY SOLANA ETFS IN U.S. UNTIL 2026

▪️James Seyffart, an analyst from Bloomberg Intelligence, mentioned that the U.S. SEC review process takes 240-260 days, which could delay the Solana ETF timeline until 2026.

▪️Five firms, including Grayscale, Bitwise, and VanEck, have applied for Solana ETFs, and the SEC is expected to make an initial decision on these applications within 45 days.

The approval of Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Funds (ETFs) in 2024 sparked excitement in the cryptocurrency industry, signaling growing institutional acceptance. 

However, amid this wave of enthusiasm, the spotlight now shifts to Solana (SOL) as five firms, Grayscale, Bitwise, VanEck, 21Shares, and Canary Capital, have submitted applications for spot Solana ETFs. As of now, these applications have yet to receive any official attention from the U.S. Securities and Exchange Commission (SEC).

In a January 16 interview, James Seyffart, an analyst at Bloomberg Intelligence, weighed in on the Solana ETF situation. Seyffart noted that while movements for a Solana ETF could gain momentum after Donald Trump takes office, the SEC’s prolonged review process might push the approval timeline into 2026. The SEC takes 240-260 days to review ETF filings, creating additional uncertainty around the potential launch.

These ETF applications have essentially been “denied outright” without acknowledgment, as per Seyffart’s comments. Despite the lack of progress on Solana ETFs, other cryptocurrency ETFs, such as those for XRP, continue to face regulatory hurdles.

A Shift in Regulatory Tone with Trump’s Inauguration

Seyffart pointed out that the approval process is complicated by ongoing lawsuits from the SEC against cryptocurrency exchanges. During Gensler’s 4 year tenure as SEC Chair, over 80 enforcement actions were taken, including lawsuits against major firms like Coinbase and Binance, primarily for violations related to unregistered tokens and unregistered exchange operations.

The departure of Gary Gensler on January 20, marks a significant shift in regulatory tone. Gensler’s leadership has been a point of contention within the crypto industry, and his exit is seen as an opportunity for change and crypto-friendly regulations. 

Trump has nominated Paul Atkins, a pro-crypto candidate, and a former SEC commissioner, to head the SEC. Reports also suggest that the SEC might suspend or dismiss pending cryptocurrency cases that do not involve fraudulent activities.

In 2024, several firms, Bitwise, WisdomTree, and 21Shares, pushed for approval of an XRP ETF, though no firm decisions have been made by the SEC on these filings.

This highlights the broader regulatory challenges that crypto assets continue to face in the U.S., with approval timelines for multiple ETFs remaining stalled.

On a more optimistic note, Eric Balchunas, a senior ETF analyst at Bloomberg, expressed hope for the potential approval of a Litecoin (LTC) ETF in the U.S. He believes that Litecoin has a strong chance of becoming the next spot cryptocurrency ETF to gain approval, signaling that other altcoins might eventually follow suit.  

While hopes for a Solana ETF have faded, Solana’s value has seen a notable increase, rising by 16.82% in the past week and by 4.81% in the last 24 hours, bringing its price to $220.

@ Newshounds News™

Source:  Crypto News Flash

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“Tidbits From TNT” Saturday Morning 1-18-2025

TNT:

Tishwash:  Baghdad.. Notice of military measures in the Green Zone

The Iraqi military authorities announced today, Saturday, that the shooting range located within the approaches to the US embassy complex in the Green Zone, in the center of the capital, Baghdad, will be active during the hours scheduled for today.

The Security Media Cell stated in a statement received by Shafak News Agency, "The shooting range will operate from 07:00 am until 21:00 pm, today, Saturday, January 18, 2025."

The concerned authorities called on citizens to take note of this, stressing that the measure comes within the framework of the usual military activities in the region.  link

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Tishwash:  The Central Bank of Iraq denies the intention to close cash delivery outlets

The Central Bank of Iraq called for caution in transmitting and circulating news about the closure of exchange outlets, and confirms that no decision, directive or statement has been issued regarding the closure of outlets or their conversion into exchange companies.

The Central Bank said in a press statement that its recently issued statement stipulates expanding the spread of cash delivery outlets through all available channels, including ATMs, POC cash payment devices, as well as authorized exchange companies, electronic payment company outlets, and POS electronic payment devices spread throughout Iraq.

 The bank stressed the need to transmit news from its official sources, which are published on its official website and its verified social media pages.

He stressed that the Central Bank's circulars issued to all parties in the Iraqi financial and banking sector included directing banks and non-banking financial institutions to expand their financial services in areas that lack the aforementioned services  link

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Tishwash:  The three-year budget and its final year

Written by Dr. Bilal Al Khalifa

For the first time, Iraq has enacted a federal general budget for three years instead of one year, although most of the articles of the constitution and Financial Management Law No. 6 of 2019 referred to the budget as annual, but the government made an exception and made it a three-year budget.

Most economists, including me, warned against legislating this budget, as well as changing the budget method from a materials budget to a programs budget, etc., but to no avail.

Knowing that the legislation of the Federal General Budget Law was on June 26, i.e. late, and that the instructions to facilitate the implementation of the budget were issued on August 7, 2023, i.e. at the end of the third quarter of the year, knowing that most of the components of Parliament are participating in the government, i.e. almost this session, Parliament is mostly with the government, and therefore there is no opposition to the government or Parliament, which means that it is easy to pass any decision or legislation, and among those legislations is the Federal General Budget Law.

The aim of approving a three-year federal general budget was to accomplish the government’s program by not delaying the approval of the federal general budget in other years, i.e. 2024 and 2025, but Federal General Budget Law No. (13 of 2023) stipulates that budget tables must be prepared and submitted to the House of Representatives.

In 2024, Iraq did not have a general budget because it did not approve the budget tables until after a great deal of debate. In the middle of the year, on 7/3/2024, when it was sent to the federal government, everyone was shocked by the government’s letter to parliament inquiring about the difference in the three tables, that is, the one that was sent, the one that was voted on, and the one that reached the government. This means that there is great manipulation, and the matter should have been investigated because the difference is tens of billions of dollars.

The result is that the year 2024 has ended and Iraq does not have general budget schedules, and therefore the ministries do not have investment budgets and do not know their financial ceilings.

The 2025 schedules were supposed to be approved at the end of 2024, i.e. before the start of the new year, and thus the government’s economic program would be implemented from day one.

The Ministry of Finance indicated that the most prominent challenges facing the ministry in implementing the 2024 budget and the deficit in it came as a result of the federal government paying more than 11 trillion in salaries to employees of the Kurdistan Region, as the region's non-oil revenues amounted to more than 4 trillion dinars, Erbil only sent 320 billion dinars to Baghdad, while the authorities in Kurdistan did not hand over the region's oil and non-oil revenues to the center, which negatively affected the financing of other governorates.

She also said that it is necessary to approve the federal general budget schedules for the year 2025 because there are a number of challenges in the context of not approving the budget, including stopping annual allowances for employees, stopping transfers between ministries and companies, and the necessity of not entering into new contracts and other matters.

But there are several notes in particular:

1- Last year there were no approved schedules and the matters mentioned have passed.

2 - The three general budget tables for last year were not referred to, and the negligent party was not held accountable.

3 - The Ministry was late in submitting the tables to Parliament, and thus it violated the Financial Management Law No. 6 of 2019, Article (11), which states (The Council of Ministers shall discuss the draft federal general budget law, approve it, and submit it to the House of Representatives before mid-October of each year).

4 - At the same time, we notice that there are appointments, and this contradicts the above, because how can a new financial allocation be made and at the same time there is no financial allocation for an old employee?

5 - The statement also reveals the failure of the main goal of approving a three-year budget.

6 - The major challenge in providing cash liquidity and not financial allocation for employees and retirees has not been clarified.

7 - The amount of currency sales has not been clarified after the dollar selling window was closed and a large amount of dollars continued to be sold.

8 - The budget represents the government’s economic plan, and any failure in it will be reflected in the government’s performance and policy.

9 - The official sponsor of the government is the State Administration Coalition, which includes almost everyone, and it is also concerned with the failure to legislate or approve the budget schedules.

The statement of the Ministry of Finance is very correct from a technical and administrative standpoint, and pressure must be put on politicians to approve the budget, and this statement is one of the methods of pressure. link

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Mot: .. Tah Dah!! --- the Latest!! -- a Pet Psychic!!! 

Mot: An anniversary miracle…

Seeds of Wisdom RV and Economic Updates Friday Afternoon 1-17-25

Good afternoon Dinar Recaps,

CRYPTO DEVELOPER SUES US ATTORNEY GENERAL, WANTS SOFTWARE DEEMED LEGAL

Michael Lewellen has asked a Texas federal court to determine that his crypto startup is within the law and to block the Department of Justice from prosecuting him.

A crypto developer has sued the head of the US Justice Department and asked a court to rule that the crypto software he wants to publish is legal and to block any possible future prosecution.

Michael Lewellen, a fellow of the crypto advocacy group Coin Center, sued Attorney General Merrick Garland on Jan. 16 in a Texas federal court, saying he plans to publish new non-custodial crypto software focusing on crowdfunding campaigns called Pharos.

“The problem? The federal government has begun criminally prosecuting people for publishing similar cryptocurrency software, calling it unlicensed ‘money transmitting,’” the complaint reads.

Lewellen claimed the Department of Justice extended its interpretation of money-transmitting laws “beyond what the Constitution allows” in violation of the First and Fifth Amendments — rights protecting speech and limiting government powers in criminal proceedings, respectively.

Coin Center is supporting the suit and comes amid the crypto industry’s heightened concern over the prosecution of crypto software devs.

The complaint mentions the US government’s cases against Tornado Cash founder Roman Storm and Samourai Wallet co-founder Keonne Rodriguez, both of who ran crypto mixers and are pinned on unlicensed money-transmitting business and money laundering charges.

In the complaint, Lewellen’s lawyers argued his software would not give him “any control, possession, or direction over the cryptocurrency that users put through the software” and claimed that “money transmission requires control over the money being moved, which is not present when someone publishes non-custodial software like Lewellen’s.”

“The DOJ’s broad interpretation of money transmission laws threatens the ability to build freely,” Lewellen wrote in a Jan. 16 X post. “This isn’t just about Pharos; it’s about the future of cryptocurrency innovation in America.”

Lewellen asked the court to declare that his crypto business doesn’t violate money-transmitting laws and block the DOJ from using those laws to prosecute him, along with an order to pay his legal fees alongside any other relief the court wishes to grant.

The complaint follows recent similar preemptive lawsuits filed by plaintiffs who claim current laws and regulations aren’t purpose fit for crypto.

In April last year, software development company Consensys sued the Securities and Exchange Commission, wanting a court to rule that Ether “is not a security,” which was later thrown out.

In March, the clothing company Beba also sued the SEC to get a court to determine that Beba’s self-titled token it had given away was not a security, which the agency had asked to be dismissed in November.

A month earlier, in February, the SEC was sued by crypto startup Lejilex, who was seeking a ruling that its planned crypto exchange wouldn’t violate securities laws. The SEC similarly asked for the case to be tossed in October.

Attorney General Garland is set to step down from his role with President-elect Donald Trump set to re-take the White House, and the incoming president’s pick for the job, Pam Bondi, is in congressional confirmation hearings.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

TETHER INTRODUCES USDT0 FOR CROSS-CHAIN TOKEN TRANSFERS

Tether has launched USDT0, a new cross-chain stablecoin on Kraken's Layer-2 network, designed to simplify USDT transfers across different blockchain platforms, with planned expansion to Berachain and MegaETH.

Tether has launched USDT0, a new cross-chain stablecoin developed with Kraken, aimed at simplifying USDT transfers across different blockchains
The stablecoin debuted on Kraken’s Layer-2 network Ink, with plans to expand to Berachain and MegaETH platforms
Tether currently leads the stablecoin market with 109 million wallets in Q4 2024
The company has relocated to El Salvador and made $700 million in Bitcoin reserve investments
USDT0 is positioned to enhance institutional liquidity and DeFi functionality across blockchain ecosystems

Tether, the leading stablecoin provider, has launched USDT0, a new cross-chain stablecoin developed in partnership with cryptocurrency exchange Kraken. The launch took place on January 17, 2025, marking Tether’s latest move to improve token transfer capabilities across different blockchain networks.

USDT0 made its initial debut on Ink, Kraken’s Layer-2 network. The new stablecoin aims to make it easier for users to move USDT between different blockchain platforms, addressing a common challenge in the cryptocurrency space.

Recent data shows Tether’s strong market position, with 109 million wallets holding USDT in the fourth quarter of 2024. This user base represents the largest in the stablecoin sector, highlighting Tether’s market leadership.

Paolo Ardoino, Tether’s CEO, explained the purpose behind USDT0’s creation. “USDT0 introduces a much-needed solution for seamless USDT movement across ecosystems,” he stated during the launch announcement. The focus remains on improving user experience and meeting market demands.

The company has outlined plans to expand USDT0’s availability to additional platforms. Berachain, a blockchain focused on liquidity, and MegaETH, an Ethereum-based project, are among the first partners scheduled to integrate the new stablecoin.

Tether has branded USDT0 with the tagline “Your USDT, Anywhere,” emphasizing its goal of universal accessibility. The stablecoin is designed to serve both retail users and institutional investors who need to move assets between different blockchain networks.

In preparation for this launch, Tether has made several strategic moves. The company relocated its headquarters to El Salvador, a decision influenced by regulatory considerations, particularly the European Union’s MiCA legislation.

Financial preparations included a $700 million investment in Bitcoin reserves. Tether also invested in Rumble, a decentralized platform, showing its commitment to expanding its presence in the blockchain ecosystem.

The development of USDT0 addresses specific technical challenges in cross-chain transfers. Users previously faced complications when moving USDT between different blockchain networks, often requiring multiple steps and increasing transaction costs.

Ethereum’s established infrastructure plays a key role in USDT0’s functionality. The platform’s robust decentralized finance (DeFi) ecosystem provides essential support for cross-chain token movements, making it a natural fit for USDT0’s operations.

Market data at the time of launch shows Ethereum trading at $3,373.45. This represents a 0.26% decrease over 24 hours and a 2.24% increase over the past week, according to CoinMarketCap.

USDT0’s launch comes as demand for cross-chain solutions continues to grow. The stablecoin sector has seen increased interest in tools that simplify asset movement between different blockchain networks.

Tether’s market position includes partnerships with various blockchain platforms. These relationships help expand USDT0’s reach and utility across the cryptocurrency ecosystem.

Technical features of USDT0 include enhanced security measures and streamlined transfer protocols. These improvements aim to reduce friction in cross-chain transactions while maintaining stable value across different networks.

The latest data shows immediate adoption of USDT0 on Kraken’s Ink network, with plans for additional platform integrations in the coming months.

@ Newshounds News™

Source:  Blockonomi

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THE FEDERAL RESERVE HAS WITHDRAWN FROM THE GLOBAL CLIMATE COALITION

@ Newshounds News™

Source:  Gold Telegraph  and  X . com

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Q & A Classroom Link  

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Follow the Timeline 

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“Bits and Pieces” in Dinarland Friday 1-17-2025

KTFA:

Clare:  Koger: Emergency budget covers all emergencies

1/17/2025

Jamal Kocher, a member of the Parliamentary Finance Committee, explained today, Friday, that the emergency budget in Iraq is not limited to natural disasters only, but rather includes all emergency situations, such as environmental, cosmic, and natural incidents, or even humanitarian and political ones.

Koger added to Al Furat News Agency that "any section that falls under emergencies can be used for the emergency budget, and these funds must be available throughout the year, because the occurrence of emergencies cannot be predicted." 

He stressed that "the funds allocated for the emergency budget are not very large, as they are estimated at only billions, compared to the budget deficit that reaches trillions, which makes them insufficient to cover the deficit significantly."

From.. Raghad    LINK

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Clare: Director of Al-Sudani Media Office: The Prime Minister spent 4 busy days in Britain, starting with a meeting with the King and ending with a meeting with the Iraqi community

1/17/2025

Director of the Prime Minister's Media Office, Rabie Nader, confirmed that the Prime Minister spent 4 busy days in Britain, starting with a meeting with the King and ending with a meeting with the Iraqi community.

Nader said in a tweet on the X website: The four days witnessed intensive economic meetings, with about more than 46 companies in various specialties.

He added that the four days also witnessed the signing of 25 agreements and memoranda of understanding in various fields, in addition to 33 political, diplomatic and media activities.

He stressed that Al-Sudani's visit to London represents a real start for a new phase of Iraqi-British relations.   LINK

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

Mnt Goat  I did have a conversation with my CBI contact [Wednesday]. This is why I am very excited...I could hardly believe that now the economic experts have finally turned to the mantra.  The new mantra is – LETS GO TO FOREX!  This was the same tone in my conversation.  My contact sounded VERY excited and anticipatory.

Clare  Article:  "4 days separate Iraq from a phase full of "unexpected events"   Quote: “Donald Trump will officially assume the US presidency on January 20...Trump will move to remove part of the ruling class loyal to or linked to Iran, because it is time to resolve the situation according to regional and international balances."

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Mortgage is fraud (Part of Nesara/Gesara?)

Brant Sharp:  1-15-2025

Supreme Court ruling Re: Foreclosure - January 2025  (Please consider as rumor until the official link to the ruling is released.)

https://www.youtube.com/watch?v=kEgqOteDjK4

The 10 Year is Headed Over 5%

Heresy Financial:  1-17-2025

TIMECODES

0:00 The 10YR is Headed Over 5%

0:53 Why the 10yr would move higher

1:15 How auctions work

2:38 Why the government has to pay higher rates

4:30 The crowding-out effect

7:34 Balance sheet re-composition

 10:12 Issues balance sheet re-composition can cause

https://www.youtube.com/watch?v=CIM9twuyL_Q

Fund Manager Predicts Market Action After Inauguration

Fund Manager Predicts Market Action After Trump Inauguration

David Lin:  1-17-2025

With the 2024 presidential election in the rearview mirror and Donald Trump’s inauguration approaching, market participants are keenly analyzing potential shifts and opportunities.

Thomas Hayes, Managing Member of Great Hill Capital, recently shared his insights on the anticipated market dynamics in an interview with David Lin, providing a perspective informed by years of experience in financial markets.

Hayes offered a nuanced outlook, acknowledging the potential for both volatility and growth in the coming months. He emphasized that while political transitions often trigger uncertainty, the market’s reaction will ultimately be driven by policy specifics and economic data.

While failing to delve into specific sectors he expects to outperform, Hayes stressed the importance of staying nimble and adaptable in navigating the post-inauguration landscape. He advised investors to closely monitor key indicators such as inflation data, interest rate decisions by the Federal Reserve, and the administration’s early policy announcements regarding trade, taxation, and infrastructure.

The financial community is eagerly awaiting further clarity on the Trump Administration’s economic agenda. Hayes’ analysis underscores the importance of informed decision-making in navigating the potential shifts that lie ahead. Investors are advised to conduct thorough research, stay informed about policy updates, and consult with their financial advisors before making investment decisions.

The conversation between Hayes and Lin serves as a crucial reminder that while political transitions inevitably affect the market, sound financial thinking and a focus on long-term growth strategies remain paramount for investors in any environment. As the market continues to evolve, having perspectives from seasoned professionals like Hayes will be vital in successfully navigating the post-inauguration period.

0:00 - Intro

1:00 - Recent market action

4:48 - Market sentiment

6:41 - Energy

11:52 - Valuations

19:00 - Tech sector

https://www.youtube.com/watch?v=eMcxOdq1UCM

News, Rumors and Opinions Friday 1-17-2025

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 Fri. 17 Jan. 2025

Compiled Fri. 17 Jan. 2025 12:01 am EST by Judy Byington

Judy Note: As of Mon. 20 Jan. 2025 the privately owned IRS, Fed & Maritime Law were considered dead. The Supreme Court (allegedly) recently ruled that Mortgages, Debt & Foreclosures based on fiat currency such as the US Dollar were invalid and fraudulent.

Thurs. 16 Jan. 2025: (Please consider as Rumor until official court ruling is released)

Supreme Court Rules That Banks Lending the Fiat US Dollar to Create Mortgages, Debt & Foreclosures Was Not Only Invalid, But Fraudulent Under the Constitution: https://youtube.com/watch?v=kEgqOteDjK4&si=6xYKd7l9leMQXU7l

On Mon. 20 Jan. 2025 the privately owned IRS & Fed Are Dead and Trump to introduce the External Revenue Service (ERS) and later, an expected 14%-15% Flat Tax on buying new items only, with no tax on food, medicine, income or anything else – giving US taxes back to The People.

Get Ready For Ten Days of Communication Darkness. The power to the entire World will switch off briefly to install our new Starlink Satellite Internet. Shutdowns will occur, but only in certain areas. Banks will close. ATMs and Credit Cards will stop working. Have at least a month’s supply of food, water, cash, medicine and essential items on hand for yourself, your family and to share with others in case of emergency.

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Global Currency Reset:

Tues. 14 Jan.: “All the information is saying “Next week.” …JFK Awakening Q17 on Telegram

Wed. 15 Jan. 2025 Wolverine: Ok guys it’s definitely coming as things are in motion. Please make sure you have everything ready when we receive the green light. Remember for the Tier 4B group things won’t (allegedly) start 2 or 3hrs after the inauguration on Mon. 20 Jan.

Wed. 15 Jan. 2025 Nate: Expect the Iraqi Dinar Rate to change Jan. 20-22: https://x.com/realNateCarter/status/1879328680331313318?t=0OaJN2HGGpPKZd3lmWEbBQ&s=09

Thurs. 16 Jan. 2025 MarkZ: “My Asian Contact said he was expecting the RV on Tues. 21 Jan. or Wed. 22 Jan.

On Sat. 25 Jan. 2025, the first phase of the wealth redistribution will officially (allegedly) commence for the general public. …JFK Jr. on Telegram

On 19 Dec. 2024 the Iraqi Dinar (allegedly) revalued to $3.47 In country rate: https://x.com/realNateCarter/status/1879136476874801605?t=vgVTF3-iMBY68v5nEqF7xQ&s=09

Tues. 14 Jan. 2025 In Hong Kong China it is the New Year and they are(allegedly)  exchanging: Banking new year joy with crisp notes | The Standard

Tues. 14 Jan. 2025 In Iraq the new Dinar Rate (allegedly) became digital and fully live: https://x.com/majeed66224499/status/1879126834836918451?s=52&t=Ich7hg6RGbObSjhen7byaw

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Global Financial Crisis:  (Please consider as Rumor until official court ruling is released)

The Tues. 14 Jan. 2025 Supreme Court Ruling that lending institutions using fiat US Dollars to create loans, Mortgages, or any debt including foreclosures was fraudulent and invalid under the Constitution. https://youtube.com/watch?v=kEgqOteDjK4&si=6xYKd7l9leMQXU7l

Read full post here:  https://dinarchronicles.com/2025/01/17/restored-republic-via-a-gcr-update-as-of-january-17-2025/

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

Frank26  I'm extremely excited because that 3rd reading [of the budget amendment] is basically guaranteed.  Why would I say such a thing?  Because if they don't do the 3rd reading, 15 days later the budget is exposed...It exposes everything and once it does, then you got to figure out float or basket... The HCL, like the budget, those two things will expose the new exchange rate...The HCL and the budget will be the first indicator of the new exchange rate IMO.

Jeff    PM Sudani went to the UK Britain to put together a massive trade MOU agreement worth billions of dollars, a very large trade agreement.  It definitely will require the rate change in order to implement that.  

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

Bond Yields Reverse Sharply: MASSIVE Crash Averted...For Now | Gregory Mannarino

Liberty and Finance:  1-16-2025

Gregory Mannarino (traderschoice.net) discusses the growing instability in global markets, with spiking bond yields signaling trouble ahead. Mannarino highlights the central banks' efforts to suppress rates and inflate the debt bubble, while insurance companies assume risky pension obligations amid questionable solvency.

He warns that the banking system is burdened with record bad debt, threatening liquidity and possibly leading to financial institution failures.

Mannarino stresses the importance of investing in tangible assets like gold and silver for wealth preservation, and urges people to understand the real economic driver: the debt market, not the stock market.

He concludes with a stark warning, urging individuals to wake up and find reliable sources of information in navigating this increasingly precarious financial landscape.

https://www.youtube.com/watch?v=MZ6fMoDxFNQ

Seeds of Wisdom RV and Economic Updates Friday Morning 1-17-25

Good Morning Dinar Recaps,

BRICS: CHINA INTERESTED IN BUYING VOLKSWAGEN, GERMAN CARS

According to a Reuters report, BRICS member China is interested in buying various struggling German car factories, including Volkswagen. Volkswagen is one of several German automakers that is winding down production amid worries of closure.

However, China is reportedly interested in buying these factories for a foothold in Germany, a source close to Chinese government thinking told Reuters.

Buying the Volkswagen factory would allow China to build influence in Germany’s prized auto industry, home to some of the oldest and most prestigious car brands, the source says. Volkswagen is one of the most prominent companies in Germany: a signal of its industrial growth over the last century.

However, with an ongoing global economic slowdown, the country’s industrial companies are struggling. The move would be a huge one for China, allowing it to avoid EU tariffs by building cars in Germany for sale in Europe.

Furthermore, the move could pose a further threat to European manufacturers’ competitiveness, while putting China and BRICS in a higher position. Chinese companies have invested across a range of industries in Europe’s biggest economy already, from telecommunications to robotics. However, the move to buy Volkswagen and other German automakers would be the country’s first step into European auto companies.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

SEN. CYNTHIA LUMMIS ACCUSES FDIC OF CRYPTO OVERSIGHT MISCONDUCT, DEMANDS ACCOUNTABILITY

Lummis cited whistleblower claims the FDIC destroyed documents and silenced staff during a crypto oversight probe, sparking industry outrage.

U.S. Senator Cynthia Lummis (R-WY) has issued a scathing rebuke of the Federal Deposit Insurance Corporation (FDIC), alleging misconduct in the agency’s handling of digital asset oversight and threatening whistleblowers.

On Thursday, Lummis sent a letter to FDIC Chair Marty Gruenberg after whistleblowers alleged that the agency destroyed materials related to its crypto-related operations and threatened employees to silence them.

“The FDIC’s alleged actions are unacceptable and illegal,” Lummis wrote in her letter. The Senator has vowed to pursue the truth behind these allegations, calling for accountability from federal agencies involved in the oversight.

The American people deserve transparency, and I will see to it that they get the answers they deserve,” Lummis wrote in a statement on Thursday.

The FDIC did not immediately respond to Decrypt's request for comment.

The allegations center on "Operation Chokepoint 2.0," a purported initiative to marginalize crypto firms by cutting off their access to banking services.

Whistleblowers reportedly told Lummis that the FDIC monitored staff access to sensitive materials to prevent Senate disclosures.

“The FDIC is attempting to hide Operation Chokepoint 2.0, and the FDIC must preserve all documents related to digital assets immediately,” Lummis wrote on X (formerly Twitter). “Tim Scott and I will get to the bottom of it.”

Tim Scott was sworn in as Senate Banking Committee chair after his predecessor, anti-crypto politician Sherrod Brown, lost to Bernie Moreno in the 2024 US. elections.

Lummis has instructed the FDIC to preserve all records related to its digital asset activities since January 2022 in her letter.

The senator detailed specific categories of documents to preserve, including communications about Signature Bank, Silvergate Bank, and crypto-related enforcement actions.

Lummis also demanded the preservation of all records tied to FDIC guidance and coordination with other federal banking agencies on digital assets.

The politician warned of criminal referrals to the Department of Justice if its found the FDIC “obstructed Senate oversight” and “knowingly destroyed materials.”

Operation Chokepoint 2.0: Allegations of Crypto Industry Targeting

Operation Chokepoint 2.0 mirrors an Obama-era undertaking, which targeted industries such as firearms dealers and payday lenders by pressuring banks to sever ties with these businesses.

Industry advocates claim this newer iteration focuses squarely on crypto, employing similar tactics to marginalize an entire sector through backdoor regulatory measures.

Last month, documents obtained via a Freedom of Information Act (FOIA) request by Coinbase revealed the FDIC directed banks to “pause all crypto asset-related activity” in 2022.

Crypto leaders such as Coinbase CEO Brian Armstrong and Custodia Bank CEO Caitlin Long have shared personal accounts of “debanking,” where financial services were abruptly withdrawn without reason.

Earlier this month, pro-crypto attorney John Deaton called Operation Chokepoint 2.0 a clear example of regulatory overreach driven by political motives rather than sound policy.

“This isn’t just a fight for crypto,” Deaton warned at the time. “It’s a fight against the erosion of institutional integrity and the unchecked power of unelected bureaucrats.”

@ Newshounds News™

Source:  Decrypt

~~~~~~~~~

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” Friday Morning 1-17-2025

TNT:

Tishwash:  Al-Sudani leaves London for Baghdad after concluding his visit to the United Kingdom

Prime Minister Mohammed Shia Al-Sudani concluded his visit to the United Kingdom today, Friday (January 17, 2025), and headed to Baghdad.

Al-Sudani's media office stated in a statement received by "Baghdad Today" that the latter "left the British capital, London, heading to Baghdad after concluding his official visit to the United Kingdom, which included the following:

- Meeting with His Majesty King Charles III of the United Kingdom.

- Meeting with British Prime Minister Keir Starmer.

- Heading the Iraqi delegation in the extensive bilateral talks between the two countries.

- Issuing a joint statement with the Prime Minister of the United Kingdom.

- Signing a broad partnership and cooperation agreement with the United Kingdom.

- Meeting with British Foreign Secretary David Lammy.

- Meeting with British Defense Secretary John Healey.

- Meeting with British Home Secretary Yvette Cooper.

- Meeting with the British Minister of Science and Technology.

- Receiving a delegation from the European Bank for Reconstruction and Development (EBRD).

- Meeting with former Prime Minister Ibrahim Al-Jaafari.

- Receiving representatives of 24 major British companies specializing in various sectors and activities.

- Receiving the CEO of Shell Oil Company.

- Receiving a delegation from Stellar Energy.

- Receiving a delegation from Technip Energy.

- Receiving a delegation from BAE Systems for military industries and cyber security.

- Receiving representatives of the company (UGT), specialized in renewable and clean energy.

- Receiving a delegation from General Electric Company (GE).

- Receiving representatives of four Irish companies specialized in different fields.

- Receiving a delegation from the British telecommunications company Vodafone.

- Meeting with the Chairman of the Board of Directors of the British Clayton Company.

- Receiving the President of the Oxford Centre for Islamic Studies in the United Kingdom.

- Receiving a group of British university presidents.

- Honoring the Prime Minister by the University of Greenwich, UK.

- The Prime Minister honored the Iraqi Professor Bashir Al-Hashemi for receiving the title of (Knight) from the King of Britain.

- Meeting a group of Iraqi students studying in British universities.

- Granting 20 study seats from the University of Greenwich to Iraqi master’s students in various specializations.

- Signing 12 memoranda of understanding in various specializations with British universities.

- Signing 8 memoranda of understanding between the Iraqi public and private sectors and British companies.

- Signing a memorandum of understanding with British Petroleum (BP).

- Signing a Memorandum of Understanding on Climate Change, Environment and Carbon Economics.

- Signing a Memorandum of Understanding between the Sovereign Guarantees Initiative Committee and the British Export Credit Guarantee Corporation.

- Participation in a dialogue seminar held by Chatham House in London.

- Participation in a financial seminar attended by major British companies and the Iraqi private sector.

- Holding a dialogue seminar for the Iraq-British Business Council (IBBC).

- Taking care of receiving archival documents related to Baath crimes.

- Meeting a number of members of the Iraqi community in Britain.

- Opening of the Iraqi Cultural Center in London.

- Receiving an archaeological tablet dating back to the Assyrian era. 

- The Cultural Advisor to the Prime Minister was sent to offer condolences to the family of the late architect Hisham Al-Madfai in London. 

Meetings and press interviews of the Prime Minister: 

- Meeting with a group of senior editors-in-chief of Arab newspapers, opinion writers, and Arab and foreign journalists.

- Conducting a televised interview with BBC Arabic and English.

- Conducting a televised interview with the English channel (SKY NEWS).

- Interview with the Financial Times.  link

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Tishwash:  Sudanese seeks technical assistance from EBRD to boost banking sector

On Thursday, the Iraqi Prime Minister, Mohammed Shia al-Sudani, requested technical assistance from the European Bank for Reconstruction and Development (EBRD) to strengthen and develop the banking sector in Iraq, while stressing that the government has many projects that the bank can contribute to financing, including vital infrastructure projects such as roads, bridges and public transportation.

This came during his reception at his residence in London of a delegation from the European Bank for Reconstruction and Development (EBRD), headed by the bank’s president, Odile Renaud-Basso.

According to a statement by the Prime Minister's media office received by Shafaq News Agency, Al-Sudani expressed his appreciation for the approval of the bank's members for Iraq to join it in October of last year, stressing the importance of the partnership with the bank, especially since it includes cooperation in many sectors that the government has placed among the priorities of its government program.

During the meeting, according to the statement, the mechanisms for implementing the agreement signed with the bank, which was previously voted on by the House of Representatives, and the role of the bank in developing the Iraqi private sector were discussed, in addition to discussing opportunities for cooperation in renewable energy projects, including solar and wind energy, to reduce carbon emissions and increase energy efficiency.

The Prime Minister stressed that the government has many projects that the Bank can contribute to financing, including vital infrastructure projects such as roads, bridges and public transportation, especially in areas affected by the conflict, as well as requesting technical assistance from the Bank to strengthen and develop the banking sector in Iraq, pointing out the importance of the Bank President visiting Iraq to explore potential opportunities for cooperation.

During the meeting, it was proposed to establish a joint working group to determine the priorities of the projects in which the European Bank for Reconstruction and Development will participate in Iraq, according to the statement.  link

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Mot: .... Things that Keep Me up at Night!!! -- ssiiigghhhhhh!!! 

Mot: .... Just aSaying I Is!!! 

Seeds of Wisdom RV and Economic Updates Thursday Evening 1-16-25

Good Evening Dinar Recaps,

DONALD TRUMP TO DESIGNATE CRYPTOCURRENCY AS A NATIONAL PRIORITY

President-elect Donald Trump plans to make cryptocurrency a “National Priority” policy upon his inauguration, according to a Bloomberg report. The incoming administration also plans on creating a crypto advisory council, giving industry insiders a voice within his administration.

The incoming president has been a strong supporter of the crypto industry since his campaign, and experts in the industry expect that to continue upon his inauguration.

Many experts expect Trump to issue executive orders on the first day of his presidency that may address issues relating to cryptocurrency. 

Among these issues include de-banking and the repeal of a controversial crypto accounting policy requiring banks holding digital assets to count them as liabilities on the bank’s own balance sheet.

Donald Trump Further Prioritizes Cryptocurrency Sector

Trump’s plan to make the crypto sector a “national priority” is the most explicit sign yet that he sees the industry as crucial to the US economy. Still under discussion for inclusion in the executive order is a directive for all government agencies to review policies about digital assets and possibly pause any litigation involving crypto, according to Bloomberg sources.

Another big part of the order may be the establishment of a Bitcoin reserve. Donald Trump is supportive of establishing this reserve with seized Bitcoin to give the country an alternative way to pay off debt. The Bitcoin Policy Institute has already drafted an order to make Bitcoin a strategic reserve asset. It would require $21 billion in investment over one year.

The US government currently holds nearly $20 billion worth of Bitcoin, confiscated as part of various investigations, according to analytics company Arkham. Bitcoin has rallied 44%, to nearly $100,000, since the November election in part on hopes that such a stockpile would be created.

“President Trump will deliver on his promise to encourage American leadership in crypto,” stated Trump transition team spokesperson Brian Hughes. Furthermore, besides Bitcoin, the President-elect is reportedly open to creating an America-first strategic reserve for cryptocurrencies like Solana (SOL) and XRP, according to a report from the New York Post.

The news will likely spur cryptocurrencies like BTC, SOL, XRP, and altcoins to surge further in the coming days. Already, Bitcoin is creeping back up to $100,000, while Solana is etching closer to a new all-time high in the next month.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

TRUMP’S POTENTIAL TREASURY SECRETARY PICK ‘SEES NO REASON’ FOR US CBDC

The president-elect cannot officially nominate anyone until after he is inaugurated on Jan. 20, but the US Senate has been holding hearings to question his potential picks.

Scott Bessent, US President-elect Donald Trump’s anticipated pick for the country’s Treasury secretary, faced Senators in a hearing to explain his positions on financial issues.

In a Jan. 16 hearing of the US Senate Committee on Finance, Bessent responded to questions from Republican Senator Marsha Blackburn regarding a US central bank digital currency (CBDC).

The Tennessee lawmaker brought up Chinese officials introducing a digital yuan to foreign attendees at the 2022 Olympics and asked how Bessent could handle a potential digital dollar if officially nominated and confirmed in the Senate.

“I see no reason for the US to have a central bank digital currency,” said Bessent. “In my mind, a central bank digital currency is for countries who have no other investment alternatives. [...] Many of these countries are doing it out of necessity, whereas the US — if you hold US dollars, you can hold a variety of very secure US assets.”

The hearing noted that Bessent’s questioning was based on his “anticipated” nomination by Trump to be the next Treasury secretary, as the president-elect is not scheduled to be inaugurated until Jan. 20.

A former partner at the hedge firm Soros Fund Management and a donor to Trump’s campaign, Bessent reportedly made several statements suggesting he supported the US government’s efforts to promote crypto.

Changing administrations, changing positions on CBDCs?

In 2022, US President Joe Biden issued an executive order directing the Treasury Department to research the development of a potential CBDC. Though the initiative could help with financial inclusion for Americans, many Republican lawmakers have criticized a digital dollar as potentially compromising financial privacy and national security.

As a presidential candidate, Trump promised the crypto industry there would “never be a CBDC” while he was in office.

In May, the Republican-controlled House of Representatives passed the CBDC Anti-Surveillance State Act largely along party lines. The legislation would prohibit Federal Reserve banks from issuing CBDCs directly or indirectly.

The Senate Banking Committee received the bill from the House in June 2024. It’s unclear if or when the Senate will revisit the legislation following Republicans taking control of the chamber in January.

@ Newshounds News™

Source:  CoinTelegraph

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