“Tidbits From TNT” Monday Morning 1-20-2025

TNT:

Tishwash:  The President of the Republic heads the participants.. Davos Forum Investment Dialogue and Confidence Building

The World Economic Forum in the Swiss resort of Davos, today, Monday, brings together major global leaders in the fields of economy, technology, politics and society, under the slogan “Cooperation for the Smart Age ”, and continues until January 24, to discuss current economic, technological and environmental issues and ways to find solutions for them.

3,000 prominent figures from more than 130 countries are participating, including many heads of state and government, including the President of the Republic of Iraq, Abdul Latif Jamal Rashid.

There will be strong representation from around the world, across sectors and geographies, to drive dialogue, build trust and catalyze sustainable solutions to common challenges.

The forum will witness the participation of more than 1,600 business leaders, including more than 900 senior CEOs and chairmen of the boards of directors of member companies and partners of the forum, in addition to more than 120 global innovators, technology pioneers and start-ups.

The Davos Forum focuses on five main areas: reimagining growth, industries in the smart age, investing in people, protecting the planet, and rebuilding trust. link

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

Tishwash:  Prime Minister's Advisor: Electronic customs declaration prevents smuggling and limits corruption and bribery

 The Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Saleh, confirmed today, Sunday, that the electronic customs declaration program prevents smuggling and limits corruption and bribery. While he explained that it facilitates accurate and rapid oversight and review, he pointed out that it reduces costs for importers.

Saleh said in an interview with the Iraqi News Agency, followed by "Al-Eqtisad News", that "the program for developing the electronic customs declaration and its entry into force is an important and positive step towards improving customs performance in particular and enhancing the efficiency of the Iraqi economy in general."

He added that "the adoption of this electronic program for customs declaration represents an important part of the reform efforts branching out from the government program in the field of e-governance and financial and economic reform, which aims to modernize administrative and financial systems, combat corruption, and raise the efficiency of Iraq's foreign trade,"

Noting that "this electronic system provides two important details in customs life in the development of customs policy applications in Iraq, as it is one of the important arms of financial policy in our country, which are: First, reducing human intervention in customs clearance operations, which reduces the opportunities for corruption and bribery."

He continued: “The second provides clear tracking of transactions, which facilitates effective, accurate and rapid customs control and review,” indicating that “the electronic customs declaration program will undoubtedly reduce the time required to complete customs declarations, in a way that supports the movement of trade and reduces the costs that fall on traders and importers. This change in the pattern of customs declarations encourages companies to import and export goods with ease and high speed.”

He explained, "As for customs revenues, the program will contribute to providing accuracy in collecting customs duties in a way that prevents customs evasion, as taxes are a form of important public revenues that the government program seeks to raise within non-oil revenues, in addition to reducing losses resulting from corruption or negligence in collecting related customs duties and taxes, as was previously followed, using manual methods and human intervention."

He pointed out that "the business environment in the national economy gives an advanced signal to investors and traders, and its precise operations should be positively reflected in the reports of multilateral international organizations within the framework of the progress of the business environment in our country, including the World Bank's periodic reports in this regard  link

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

Tishwash:  Al-Nusairi: Banks are the lever of sustainable development

Economic and banking advisor Samir Al-Nusairi confirmed, on Sunday, the completion of the Central Bank’s procedures for implementing the goals and initiatives of its third strategy 2024-2026, which is concerned with developing and restructuring the banking sector in accordance with what the consulting and auditing companies that are currently cooperating with the Central Bank and with the government in this field have reached, and that it should not be limited to support, but rather go beyond that to include the banking sector in making economic, financial, banking and investment decisions.

Al-Nusairi spoke about the challenges of the Iraqi economy and the opportunities for reform of the banking sector in the government’s program and the prospects of the Central Bank’s future vision for the role of the banking sector in sustainable development.

In light of the efforts currently being made to activate and revolutionize the productive economic sectors other than oil to diversify sources of national income and achieve financial sustainability, and the role of the Central Bank in regulating foreign trade financing and completing infrastructure projects to achieve comprehensive digital transformation and expand the use of electronic payment tools in achieving financial inclusion.

He explained that the opportunities for reforming and developing the banking sector in 2025 are as follows:

1- Developing the Iraqi banking system and its compliance with international banking and accounting standards.

2- Enhancing citizens’ confidence in the banking sector locally and internationally recognizing its transparency, progress, and strict commitment to international standards and obtaining the confidence of solid correspondent banks to deal with it.

3- Converting banks to their primary function, which is financing and bank lending for development.

4- Banks that do not provide loans and banking facilities that help in development as a lever for sustainable development lose their meaning as banks, which requires a specific position towards them from the Central Bank in 2025.

5- Seeking to move from a cash economy to a digital economy and withdrawing money outside the banking cycle and introducing it into the banking system.

He pointed out that all the above goals, although the period specified for their implementation according to the timetable of the government program and the strategy of the Central Bank ranges between (1-4 years), what was achieved in 2023 and 2024 constitutes about 60% as announced, which led to the evaluation and classification of banks based on their achievement of the planned goals. There are banks that are moving towards the required development and banks that still need an additional period of time to achieve the goals, and there are troubled banks that are now making exceptional efforts from the Central Bank and the administrations of these banks to rehabilitate them.

He added that what concerns us here is the real functional role of banks in providing loans and banking facilities and moving from a banking role to a developmental role. There are two important observations that must be taken into consideration regarding the issue of providing loans and banking facilities to stimulate the economy and development. The first: The nature of banks’ activities depends on the nature of the activities of the economic sectors, and as long as economic activity is focused on trade (imports), banks’ activity remains focused on external transfers and what is related to that, so unless other sectors move (industry, agriculture, tourism, etc.).

It is worth noting that without controlling imports, these sectors will not develop. Second: It is necessary to provide the legal environment and extend the authority of the law in order to control the speculation market in the US dollar on the black market and to eliminate the phenomenon of illegal trade through unofficial outlets.  link

**********

Mot:  the List Grows as Ya Season - it Does!!! 

Mot: . UH OH !!!!!! 

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 1-19-25

Good Afternoon Dinar Recaps,

INSIDE TRUMP’S CRYPTO VISION: NATIONAL BITCOIN RESERVE AND EXECUTIVE ORDER IN THE WORKS

President-elect Donald Trump is considering issuing an executive order that makes cryptocurrency a national priority.

President-elect Donald Trump is considering issuing an executive order that makes cryptocurrency a national priority in his return to the White House, Bloomberg said Thursday, noting sources with insights into the plans.

The planned designation would encourage federal agencies to engage with the cryptocurrency industry, which has grown as one of major issues over the latest presidential cycle.

One of the most noteworthy points reportedly under discussion is the review of digital asset policies and potentially suspension of legal actions targeting high-profile companies like Coinbase and Ripple.

Trump is Here…

Under the current administration, the Securities and Exchange Commission (SEC), a key regulatory body for the crypto industry, has initiated over 100 enforcement actions against digital asset firms in the US.

These actions come despite ambiguous regulatory frameworks, prompting several companies to exit the market. The industry sees halting these legal actions as a top priority, as ongoing litigation has caused uncertainty and challenges for those operating in the crypto space.

According to a recent report from Reuters, the SEC is likely to review and possibly freeze litigation involving crypto firms that does not include fraud allegations following Trump’s inauguration.

The change, which may come with the expected leadership overhaul at the SEC, potentially affects existing securities law violation cases against crypto companies.

The executive order will also likely order the establishment of a crypto advisory council, a Trump-proposed body dedicated to advising the administration on crypto-related policy matters. The council is aimed at giving industry insiders a platform to voice their concerns, priorities, and recommendations directly to policymakers.

Trump’s team has been in discussions with crypto executives to shape these policies. David Sacks, appointed as Trump’s AI and crypto czar, has reportedly been working closely with industry leaders to develop a legislative agenda for the industry.

Nation Bitcoin Reserve Proposal under Consideration

One of the most anticipated proposals under discussion is the establishment of a US Bitcoin reserve, which may be included in the executive order on day one. Trump has pledged to create a national Bitcoin stockpile if elected.

While it’s still unclear how a Bitcoin reserve under Trump would look like, experts caution that implementing it through an executive order does not assure its lasting existence.

According to the New York Digital Investment Group (NYDIG), a Bitcoin reserve established through legislative action, like the BITCOIN Act, would have a better chance of enduring beyond any single administration, though the process to make it law could be lengthy.

The US government currently holds 198,109 BTC seized from the notorious Silk Road crackdown. At a current price of $101,000, the Bitcoin stash is worth over $20 billion. If Trump proceeds with the Bitcoin reserve plan, the Bitcoin holdings would be added to the strategic asset for the nation.

Advocates believe that establishing a Bitcoin reserve could alleviate national debt and enhance America’s economic position if cryptocurrencies gain global prominence.

Altcoin Reserve Speculation

The New York Post reported Thursday that there may be more than just a Bitcoin national stockpile.

Trump has held several meetings with industry leaders and project founders since his election victory. The President-elect is reported to have been “receptive” to the concept of making a strategic reserve that incorporates the U.S.-originated altcoins like Solana (SOL), Ripple (XRP), and USD Coin (USDC).

Companies behind these projects have yet to comment on this matter, but crypto figures and community members see the altcoin reserve as a step back. David Bailey, BTC Inc CEO, outright rejects the idea as “fake news” and labels XRP “Kamala coin.”

Almeida, co-founder of Orquestra, expresses strong disappointment, suggesting that the move would severely damage the credibility of whoever made the decision, while Mike Dudas, The Block’s co-founder, says the idea is incredibly foolish and disastrous.

@ Newshounds News™

Source:  Blockonomi

~~~~~~~~~

CRYPTO.COM EXCHANGE SECURES ‘IN-PRINCIPLE’ MICA LICENSE, PAVING THE WAY FOR FULL EUROPEAN UNION APPROVAL

The Singapore-based exchange Crypto.com has secured an “in-principle” license to operate under the European Union’s new digital asset regulatory framework.

Crypto.com bills itself as the “first major global crypto asset service provider” to receive a Markets in Crypto Assets (MiCA) approval.

MiCA is new EU legislation that establishes rules covering the supervision, consumer protection and environmental safeguards of crypto assets.

The regulatory framework, which took effect in December, includes measures that aim to reduce financial crimes including market manipulation, money laundering and terrorist financing. It also places stablecoin issuers under the European Banking Authority and requires them to hold sufficient liquid reserves.

The in-principle license paves the way for full regulatory approval, which would enable Crypto.com to provide a full range of digital asset services across the EU.

Eric Anziani, the exchange’s president and chief operating officer, says the EU is “a growing and vital hub for crypto investment.”

“We have always been fully supportive of MiCA and strongly believe it will bring clarity, transparency, and establish a more streamlined sentiment towards the regulation of our industry across the EU, all of which adds to the building confidence in the crypto sector.”

The exchange also continues to expand its services in North America: Last month, Crypto.com announced plans to offer custody services for high-net-worth individuals and institutions in the US and Canada.

@ Newshounds News™

Source:  DailyHodl

~~~~~~~~~

XRP LAWSUIT NEWS: RIPPLE’S FIGHT WITH SEC FACES NEW TWIST AS TRUMP PROMOTES MEME COIN

As President-elect Donald Trump prepares to take office on Monday as the 47th president of the United States, he has made a surprising move by launching his own cryptocurrency, the $TRUMP coin.

Despite his previous hesitations about cryptocurrency, Trump had expressed his belief that America would become “the crypto capital of the planet” once he returned to Washington.

The timing of the launch has raised some eyebrows. Critics have accused Trump of capitalizing on his imminent presidency to profit from the popularity of cryptocurrencies, particularly meme coins.

However, some experts are focusing on how this move could have an impact on ongoing legal battles in the crypto space, particularly the high-profile lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC).

Ripple Lawsuit: Could Trump’s $TRUMP Coin Affect the Case?

Attorney Bill Morgan recently discussed the implications of Trump’s actions on the Ripple lawsuit. Morgan pointed out that the appeal of Judge Torres’ finding against Ripple’s fair notice defense is now looking more promising.

For context, the SEC has been pursuing legal action against Ripple, claiming that the company’s sale of XRP violated securities laws. However, Ripple argues that it had no clear notice that its sales of XRP were subject to SEC registration requirements.

Morgan drew attention to Trump’s stance on the issue of cryptocurrencies and investment contracts. While Trump has issued and promoted the $TRUMP meme coin, he does not believe that such tokens should be classified as investment contracts that require SEC registration.

This is a key issue in the Ripple lawsuit, where the SEC argues that XRP should be treated as a security, while Ripple maintains that it is a digital asset.

Given that Trump has issued a speculative meme coin without adhering to the traditional regulatory frameworks that the SEC enforces on other tokens, Morgan questioned how the SEC v. Ripple case could continue under these circumstances. He said that Ripple’s sales of XRP, like the promotion of $TRUMP, did not involve any post-sale obligations, which is a point of contention in the Ripple case.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

BRICS NEWS: 2 COUNTRIES READY TO DITCH SWIFT AND LAUNCH NEW PAYMENT SYSTEM

BRICS members Russia and Iran want to abandon the Western-dominated payment messaging system SWIFT. The two countries aim to launch a new payment system as an alternative to the SWIFT mechanism. The sanctioned nations are working towards the formation of a new payment system that will completely get rid of the US dollar for cross-border trade and transactions.

SWIFT is controlled by the US making BRICS and other developing countries use the messaging system for financial transactions. The US dollar, Euro, and Pound are the most used currency for settlements around the world. Ending reliance on SWIFT will strengthen local currencies and become the de facto currency for trade.

BRICS: Russia & Iran Ready To Ditch SWIFT After Launching New Payment System

Russia is working closely with its BRICS counterpart Iran to ditch SWIFT and launch a new payment system for transactions.

Details on the formation of the payment mechanism are kept under wraps by the two nations. The work on the financial messaging channel remains confidential until further notice from Russia and Iran.

“The situation in banking and currency cooperation has significantly improved. At the moment, we are working on a confidential financial messaging channel to completely get rid of SWIFT.

 can call 2025 the year in which financial issues in Russian-Iranian relations will be resolved,” said Iranian Ambassador to Russia Kazem Jalali. Other BRICS countries could begin using the new payment system and end their dependency on SWIFT.

The development could usher into a new financial era between Russia and Iran and ditch the Western-dominated payment systems. The BRICS alliance could end up creating an alternative to SWIFT and convince other developing countries to use it. The US dollar will be the hardest-hit currency when the development plays out.

@ 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

News, Rumors and Opinions Sunday Afternoon 1-19-2025

KTFA:

Iraq issues new banknotes with innovative security features for the visually impaired.. Photos

1/19/2025

The Central Bank of Iraq has unveiled the security marks of the circulating banknotes, with the aim of educating the public, as well as companies and commercial banks that deal with these banknotes on a daily basis. 

The Central Bank reviewed these improved security features, through a technical bulletin, which was received by Shafak News Agency, indicating the introduction of prominent features on the new banknotes to enable the visually impaired to identify the banknote denominations by touch.

The Central Bank of Iraq confirmed that the new banknotes will be circulated alongside the old ones, and there will be no intention to withdraw the old banknotes from circulation.

The bank explained that its main objectives are to maintain the stability of domestic prices and ensure a financial system based on a stable competitive market, and it also aims to promote sustainable growth, job opportunities, and prosperity in Iraq.

The Central Bank of Iraq reviewed the distinction of Iraqi banknotes, which are among the most complex security features, and are manufactured from the best types of paper used in printing banknotes to ensure quality and security.

The bank stressed that any attempt to manufacture, possess or pass counterfeit banknotes is a criminal act punishable by law, calling for any counterfeit banknotes to be handed over to the police and the Central Bank of Iraq.

The headquarters of the Central Bank of Iraq is located in the center of the capital, Baghdad, and it has three branches in the cities of Basra, Mosul, and Erbil within the Kurdistan Region.

See many pictures at link :  LINK

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

Militia Man  Amendment 12 second C component of the [budget] they haven't exposed yet publicly.  Why?  They haven't exposed their exchange rate yet.  That's my view.

MarkZ   [via PDK]  I believe we are in the final days before we get the final flip or switch or change of the purchasing power of the dinar.

Mnt Goat   Article: “CENTRAL BANK RENEWS DIRECTIVE TO SPREAD AND EXPAND FINANCIAL SERVICES AND ATMS”  Why are these ATMs so important to our investment in the Iraqi dinar? They are important because the CBI told us they are an integral part of the Project to Delete the Zeros.

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

BUFFETT’S ALARM: Market Valuations Explode Past GDP as Collapse Nears

Taylor Kenny:  1-19-2025

The stock market has never been more overvalued, as the Buffett Indicator soars to a staggering 200%, double what it was during the dot-com bubble. This everything bubble signals that a painful crash is imminent, with fallout expected to ripple through the economy. Learn how to protect yourself and your wealth before it's too late.

CHAPTERS:

00:00 - The most overvalued market in history

00:39 - What is the Buffett Indicator?

01:56 - Comparing today to 2008 and 2000

02:37 - What’s driving the bubble?

05:23 - Years of low interest rates fueling unsustainable growth

08:26 - The fallout of a bursting bubble

 10:01 - How to protect your wealth before it’s too late

11:40 - Final thoughts and getting your strategy in place

https://www.youtube.com/watch?v=UrGgNn4_ECU

Here's How The Systemic Financial Crisis Goes Down | John Rubino

Here's How The Systemic Financial Crisis Goes Down | John Rubino

Liberty and Finance:  1-18-2025

John Rubino highlights the growing risks within the homeowners insurance sector, suggesting it could trigger a broader financial collapse.

 Insurance companies are struggling to stay profitable as natural disasters become more frequent and costly, while civil unrest adds further strain on property coverage.

 Rubino warns that the economy is fragile, over-leveraged, and could face a more severe recession than the last one. He argues that inflation is a significant policy error and the reverse wealth effect could slow economic growth.

Insurance, he concludes, is crucial for a stable economy, but current trends are jeopardizing its viability.

INTERVIEW TIMELINE:

0:00 Intro

01:55 The Role of Homeowners Insurance

05:10 Insurance Companies and Natural Disasters

09:54 Economic Implications of Insurance Risks

13:43 Civil Unrest and Its Impact on Insurance

 20:11 The Growing Cost of Natural Disasters

25:17 The Fragility of the Financial System

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

Seeds of Wisdom RV and Economic Updates Sunday Morning 1-19-25

Good Morning Dinar Recaps,

SENATOR INTRODUCES BILL TO CEMENT TEXAS AS THE FIRST STATE WITH A BITCOIN RESERVE

Texas aims to lead the digital revolution with a groundbreaking “Strategic Bitcoin Reserve Act,” securing economic resilience and innovation through state-managed bitcoin integration.

Texas Proposes Strategic Bitcoin Reserve to Revolutionize State Finances

Texas State Senator Charles Schwertner has introduced Senate Bill 778, known as the “Texas Strategic Bitcoin Reserve Act,” to establish a state-managed bitcoin reserve. Schwertner emphasized the significance of this initiative on social media platform X on Jan. 15, stating:

It’s time for Texas to lead the way in establishing a Strategic Bitcoin Reserve. That’s why I filed SB 778, which, if passed and signed into law, would make Texas the first state in the nation to establish a Strategic Bitcoin Reserve.

“This would position our state at the forefront of the digital economy, driving growth and securing economic freedom for our great state!” he added.

The bill outlines measures for the secure management of bitcoin within the state treasury, administered by the Texas Comptroller. Provisions include the use of “cold storage” for secure custody, regular audits, and policies ensuring transparency and best practices in digital asset management. Residents and organizations would be allowed to donate bitcoin to the reserve, with acknowledgment certificates available for contributors. 

The legislation highlights bitcoin’s potential to hedge against inflation, strengthen financial resilience, and foster innovation in digital finance. Regular reporting would keep the public informed of the reserve’s status and performance.

If enacted, the Texas Strategic Bitcoin Reserve Act would position the state as a leader in the digital economy. The bill also establishes protocols for bitcoin transactions, limiting them to emergency or legislative-approved scenarios to maintain oversight and accountability.

An advisory committee would provide recommendations on the reserve’s operations and security.

Senator Schwertner’s initiative underscores Texas’s vision of promoting economic freedom and growth through strategic digital asset integration. The act will take effect immediately with a two-thirds legislative vote or on Sept. 1 otherwise.

The push for state-level bitcoin reserves comes amid a broader trend of legislative interest in digital assets. President-elect Donald Trump has floated the idea of a national strategic bitcoin reserve, suggesting its potential to enhance U.S. financial leadership. Similarly, U.S. Senator Cynthia Lummis has proposed legislation to establish a strategic bitcoin reserve.

@ Newshounds News™

Source:  Bitcoin News

~~~~~~~~~

WYOMING AND MASSACHUSETTS JOIN GROWING LIST OF STATES CONSIDERING BITCOIN RESERVES

State Bitcoin reserve momentum is still growing, while Coinbase backed the idea of a federal BTC stockpile for the first time publicly.

Wyoming and Massachusetts have joined the expanding number of U.S. states that may soon vote on establishing Bitcoin reserves, with representatives from both states submitting draft legislation supporting the initiative on Friday.

In Wyoming, a group of five Republican legislators submitted a bill that would permit the state treasurer to invest public funds in Bitcoin, but no other digital assets.

In recent weeks, other states have put forth slightly more permissive bills, which would in some cases allow states to invest in stablecoins and other cryptocurrencies that surpassed $500 billion in market capitalization—though as of this writing, Bitcoin is the only asset that meets that requirement.

Wyoming’s bill is also more restrictive in another regard: It would only permit its treasurer to invest 3% of a given state fund in Bitcoin. Proposed legislation in other states, such as Pennsylvania and Oklahoma, would allow for investments in digital assets to make up 10% of similar public funds.

Meanwhile, in deep blue Massachusetts, a lone Republican state senator proposed a bill on Friday proposing the establishment of a Bitcoin strategic reserve. 

That act, submitted by Peter Durant, is more permissive than Wyoming’s, and would allow for up to 10% of Massachusetts’ rainy day fund to be comprised of Bitcoin or any manner of digital asset.  

At this point, nearly one-fifth of all U.S. state legislatures are poised to soon formally weigh whether to invest public funds in Bitcoin and other cryptocurrencies. Every such proposal has been submitted in the aftermath of Donald Trump’s re-election in November, by Republicans.

Trump, long a crypto skeptic, abruptly changed tack on the campaign trail this year after being a noted Bitcoin critic in the past. In July, onstage at a Bitcoin conference in Nashville, he called for the federal government to establish its own Bitcoin stockpile.

The chorus for such initiatives is rapidly gaining momentum. On Friday afternoon, Coinbase CEO Brian Armstrong publicly called for the creation of a U.S. Bitcoin strategic reserve for the first time.

“The next global arms race will be in the digital economy, not space,” Armstrong said in a company blog post. “Bitcoin could be as foundational to the global economy as gold and will become central to national security in a world where holdings of Bitcoin can shift the balance of power among nation states.”

@ Newshounds News™

Source:  Decrypt

~~~~~~~~~

DORA REGULATIONS KICK IN: A NEW ERA FOR CRYPTO IN THE EU

Cryptocurrency firms operating in member states of the European Union will be required to beef up their cybersecurity and risk management as the economic bloc implements a new regulation.

EU authorities recently announced that the Digital Operational Resilience Act (DORA) took effect on January 17, a comprehensive and harmonized regional regulatory framework that will govern the digital operational resilience of financial institutions and crypto firms in member nations.

The New Regulation

EU authorities consider the DORA policy as a crucial step to enhance the digital operational resilience framework of financial institutions operating in the countries that are part of the regional bloc, saying that the new regulation aims to address the inconsistencies and gaps in the cyber risk management within the bloc.

The DORA regulation does not only apply to financial institutions and banks because it also covers crypto-asset service providers, insurance companies, investment firms, and management companies.

Cryptocurrency businesses in the European Union are subject to new cybersecurity regulations as DORA takes effect on January 17.

How Will It Impact VASP?

Analysts see that the cybersecurity and resilience practices of virtual asset service providers (VASP) in the European bloc will be greatly affected by the imposition of DORA.

Legal intelligence JD Supra stated that one of the provisions under the new EU rule is developing and reviewing ICT third-party risk management strategies such as having mandatory provisions in contracts with ICT service providers and “a registry of information documenting all existing contractual arrangements.”

This DORA provision would affect VASPs in the region because financial entities in the EU will be compelled to have a comprehensive register of their contractual arrangements with third-party IT service providers.

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

An official of the crypto exchange Gemini believes that DORA is essential to improve the financial sector’s operational resilience against ICT-related risks.

“In readiness for DORA, we have implemented a Digital Operational Resilience Strategy, an ICT risk management framework, ensured clear governance structures, and adopted best practices to ensure the continuity, security and resilience of our services,” Gemini head of Europe Mark Jennings explained.

Expanding MiCA Rule

Crypto analysts said that the new EU regulation is seen to expand the Markets in Crypto-Assets Regulation (MiCA), saying that the goal of DORA is to enhance the resiliency of crypto firms against disruptions and cyberattacks, protecting investors and boosting market integrity.

An executive of the crypto infrastructure firm MoonPay said that the new regulation would have a considerable impact on MiCA-licensed crypto companies.

“All crypto asset service providers licensed under MiCA are subject to the DORA requirements,” MoonPay’s deputy general counsel and head of Ireland Matt Sullivan said.

Sullivan revealed that their crypto infrastructure firm is already taking steps to become a DORA complaint entity. MoonPay got its MiCA license from the Dutch Authority for the Financial Market only last December 30, 2024.

A Challenge To Small Service Providers

Wormhole Foundation general counsel Cathy Yoon said that VASPs can deal with the provisions of DORA and have more likely implemented strict cybersecurity measures to maintain their compliance with the new regulation.

However, Yoon worried that startups and smaller service providers might find it difficult to get their DORA compliance.

“Taking a proactive approach to security and building out cybersecurity measures in line with DORA may have significant implications for smaller service providers, especially startups with limited capital to comply with DORA,” Yoon said.

@ Newshounds News™

Source:  Bitcoinist

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

“Bits and Pieces” in Dinarland Sunday AM 1-19-2025

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 Sun. 19 Jan. 2025

Compiled Sun. 19 Jan. 2025 12:01 am EST by Judy Byington

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 (allegedly) 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

Sat. morning 18 Jan. 2025 CMKX Holders expecting notification within 72 hours

Tues. 21 Jan. 2025 US reaches it’s debt limit, Trump has to do something to fund the government.

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 (allegedly) on the Forex and trading upward. Tier4b (us, the Internet Group) should be notified to set appointments before Mon. 20 Jan. and can (allegedly) ask for the higher Dinar Contract Rate which appears to be based on the price of oil. Banks have (allegedly) had the new US Note in stock for over a year and a half and will be(allegedly)  releasing it.

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

Sat. 25 Jan. 2025 Jon Dowling: On Monday it gets lit! XRP may (allegedly) go between $10-100 by Monday, based on an executive order by President Trump. This includes an EO for the Dinar! Monday changes the game for everything! They will (allegedly) implement Nesara, with half of the government trying to resist Trumps incoming. And a full audit of the Fed will occur so that the country and the world can see that the emperor truly has no clothes!

Fri. 17 Jan. 2025: The RV and Military Operations: Behind the Scenes – The Signing of a Historic Treaty by 209 Countries Aims to Redefine Global Currencies! Trust the Plan! – amg-news.com – American Media Group

Read full post here:  https://dinarchronicles.com/2025/01/19/restored-republic-via-a-gcr-update-as-of-january-19-2025/

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

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

Militia Man  I'm on pins and needles because what we're seeing is realtime data, it's no joke.   Iraq is effectively going international...

Frank26  The budget needs the new exchange rate.  It's that simple...

Bruce  [via WiserNow]  One of the major banks, that's kind of international bank that is over international redemption centers, is indicating that...we Could be notified...prior to Monday...Now, if it doesn't happen and we see it on this on the 21st which is Tuesday, then so be it.

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

Germany Currency Revalue vs Iraqi Dinar Adjustment

Edu Matrix:  1-19-2025

Germany Currency Revalue vs Iraqi Dinar Adjustment - Discover how Germany and Iraq transformed their currencies after major crises—Germany after World War II and Iraq post-2003 invasion.

Learn about the Deutsche Mark's role in Germany's "economic miracle" and the Iraqi Dinar's reform amidst ongoing challenges. A fascinating comparison of economic recovery and currency stabilization.

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

“Tidbits From TNT” Sunday Morning 1-19-2025

TNT:

Tishwash:  Parliamentary Finance to Nina: Parliament will first approve the amendment to the budget law, then its schedules

The Parliamentary Finance Committee confirmed that the Council of Representatives will first approve the draft amendment to the General Budget Law, followed by the approval of the budget schedules later.

Member of the committee, MP Moeen Al-Kazemi, stated to the National Iraqi News Agency / NINA / that "the draft amendment to the General Budget Law relates to resuming oil exports from the Kurdistan Region fields at a cost of $ 16 per barrel instead of $ 6, and this is within the jurisdiction of the Ministry of Oil and the Prime Minister's advisors," noting that "the Ministry of Finance is not aware of the technical details related to this."

He explained that "the Finance Committee sought to mature and clarify the feasibility of the draft amendment to the law to the representatives, in order to pass the amendment to the text of Article 12, Second C of the General Budget Law."

He added, "The texts of the three-year budget 2023-2024-2025 are completely fixed except for the text that the government submitted an amendment to, and therefore the government decided to wait for the House of Representatives to ratify Article 12, Second C, to enable it to calculate the cost required to extract and transport oil from the fields of the Kurdistan Region," indicating that "the House of Representatives will first ratify the draft amendment to the General Budget Law and then proceed to ratify the budget tables later."

The House of Representatives is scheduled to hold its regular session this afternoon, Sunday, and its agenda includes voting on the draft first amendment to the Federal General Budget Law for the fiscal years 2023-2024-2025 No. 13 of 2023. link

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

Tishwash:  Iraq tells US it looks forward to strengthening cooperation with America under Trump

 On Saturday, Foreign Minister Fuad Hussein informed the United States of Iraq's aspiration to enhance bilateral cooperation under the upcoming US administration headed by Donald Trump.

This came during the Foreign Minister's reception of the new Chargé d'Affaires of the US Embassy in Baghdad, Daniel Rubinstein, according to a statement received by Shafaq News Agency.

At the beginning of the meeting, Hussein congratulated Rubinstein on assuming his new duties, and while stressing the depth of Iraqi-American relations, he expressed Iraq's aspiration to enhance bilateral cooperation under the next American administration.

The meeting witnessed in-depth discussions on bilateral relations between the two countries, in addition to reviewing regional conditions, especially the situation in Syria. The two sides also touched on current political developments and the pivotal role played by Western countries, primarily the United States, in the course of events inside Syria, according to the statement.

According to the Iraqi statement, the two parties discussed the outcomes of the Riyadh Conference on Syria, which witnessed the participation of the US Under Secretary of State, and stressed the importance of following up on the recommendations that emerged from the conference.

At the end of the meeting, Hussein stressed the importance of strengthening cooperation between Iraq and the United States, in a way that serves common interests and contributes to achieving regional stability  link

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

Tishwash:  Iraq calls on the world to conduct a comprehensive reform of the financial system and a dialogue on technology governance

The representative of Iraq to the United Nations in New York, Abbas Kazim Obaid, in his capacity as Chairman of the Group of 77 and China, delivered the group’s statement during the session of the United Nations General Assembly in which the Secretary-General reviewed the priorities of his term for the year 2025, in light of the circumstances and challenges facing the international community.

In his statement, the representative of Iraq stressed the complex and interconnected global challenges, including ongoing conflicts, the effects of climate change, poverty, hunger, high debt levels, limited financing for the Sustainable Development Goals, and the growing digital divide. He stressed the need to support developing countries in financing sustainable development through the Fourth Conference on Financing for Development.

He called for a comprehensive reform of the global financial system to address structural inequalities, ensure equitable access to long-term finance, and advance sustainable development efforts.

He also stressed the importance of fully implementing the decisions of the Conference of the Parties on Climate Change, while supporting the Secretary-General’s efforts to achieve the Sustainable Development Goals by 2030.

Obaid also called for a comprehensive international governmental process to address the digital divide, the establishment of an independent scientific team for artificial intelligence, and the launch of a global dialogue on technology governance. link

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

Mot: Sitting in Grandpas chair  

Mot: ... so much to do!!!!  

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

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

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/

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

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.

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

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

~~~~~~~~~

$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

~~~~~~~~~

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

~~~~~~~~~

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

~~~~~~~~~

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

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.

~~~~~~~~~~

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/

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

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...

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

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

~~~~~~~~~

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

~~~~~~~~~

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 1-18-2025

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

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

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

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

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

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

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

Mot: An anniversary miracle…