Seeds of Wisdom RV and Economic Updates Monday Morning 2-3-25

Good Morning Dinar Recaps,

CRYPTO CATASTROPHE: WORLD RECORD BROKEN, WORST BLOODBATH IN HISTORY

Market in shambles after introduction of trading tariffs sparks enormous liquidation surge

One of the worst bloodbaths in the history of the cryptocurrency market just occurred, with liquidations skyrocketing past $2.24 billion in the last day.

With Bitcoin plummeting to $94,000 and the entire market collapsing along with it, this massive wipeout has destroyed leveraged traders. The magnitude of the losses has broken all previous records, making this one of the most vicious sell-offs in the history of cryptocurrency.  

With $609 million in liquidations, Ethereum traders were the most negatively impacted, according to the liquidation heatmap. At $412 million, Bitcoin trailed closely behind, while liquidations exceeding $85 million were reported by XRP, Dogecoin and Solana.

The biggest single loss happened on Binance, with an ETHBTC trade worth $25.64 million and a whopping 734,621 traders liquidated in a single day.

After losing crucial support at $97,000, Bitcoin is currently testing $92,000 – a level that may dictate its course in the near future.

The price of Bitcoin may drop to $83,000 if it drops below this level, signaling a more significant correction. With Bitcoin at the top of the market, altcoins are doing even worse; some have already dropped more than 80% from their peak.

Altcoin momentum has completely collapsed, falling to 38 out of 100, according to the CMC Altcoin Season Index, which indicates a strong phase dominated by Bitcoin.

This change reflects traders' swift decline in risk appetite and their flight from altcoins to safer assets. The cryptocurrency market is in a panic right now. If Bitcoin is unable to stay above $92,000, it is likely to continue declining.  

Particularly for altcoins that have already been in free fall, losses could get even worse. Overleveraged traders have paid the price, and this carnage may not end yet unless volatility levels off.

@ Newshounds News™

Source:  U Today

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CARDANO (ADA) VOLUME SKYROCKETS 428% DESPITE WORST CRYPTO BLOODBATH

Cardano dropped below $0.70 as traders rushed to sell ADA, pushing volume to historic levels

The broader digital currency ecosystem recorded its worst single-day bloodbath this year, with assets like Cardano (ADA) at the forefront. At the time of writing, the ADA price changed hands for $0.7012, down by 20.53% in the past 24 hours. The coin dropped to $0.5648 in earlier trading, its lowest level in nearly 90 days.

Cardano volume took different turn

Despite the selloff, one unique Cardano metric, the transaction volume, recorded an impressive rally.  

Per data from CoinMarketCap, the Cardano volume is up 428.86% to $3.77 billion. This boost in trading volume is not commensurate with the price outlook, thus implying traders were in flight mode over the weekend.

Market data shows that more than $36 million has been lost by ADA traders in the past 24 hours via liquidations. Long traders suffered the most, with over $31 million taken out unduly. With the crypto market drawdown triggered by the tariff war in North America, the effect appears comprehensive across all markets.

At the moment, a high level of volatility has been introduced into the Cardano trading ecosystem. After this multi-month low price, the coin has inked some rebound, but generally, the coin is not out of the woods yet.

Catalyst to watch and Bitcoin influence

Amid this unusual price slump, Cardano traders will likely focus on new anchors as the price recovers. These new anchors might include fundamental ecosystem updates and how they may shape the ADA ecosystem.

With the Plomin hard fork going live in the past week, Cardano proponents are now looking forward to how this upgrade can impact ADA accumulation and price outlook. In addition, ADA's whale activity is in the spotlight, as a large buying trend can trigger positive sentiment.

Meanwhile, the ADA-BTC correlation may yield a positive boost in the mid-to-long term. Bitcoin has stabilized its latest sell-off, hinting that Cardano may soon follow suit.

@ Newshounds News™

Source:  U Today

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STOCK MARKET CRASH: GLOBAL MARKETS DROP ON TARIFF CONCERNS

Global markets plunged on Black Monday amid escalating trade tensions as U.S. tariffs on Canada, Mexico, and China spurred a worldwide sell-off. Asian indices led the decline with Taiwan’s Taiex down 4.4%, Japan’s Topix falling 2.3%, and Korea’s Kospi dropping 2.4%. In the U.S., the Nasdaq fell 2.5% as NVIDIA shares plunged over 6.5% to a low of $111.51. Analysts warn of further instability while China vows legal action for WTO violations. Investors brace for continued volatility amid rising fears.

@ Newshounds News™

Source:  Coinpedia

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Seeds of Wisdom RV and Economic Updates Sunday Afternoon 2-2-25

Good afternoon Dinar Recaps,

INDIAN CRYPTO HOLDERS FACE 70% TAX PENALTY ON UNDISCLOSED GAINS

India will impose tax penalties of up to 70% on undisclosed crypto gains as part of new regulations under Section 158B of the Income Tax Act.

Cryptocurrency traders in India may face significant tax penalties on previously undisclosed profits under new amendments to the country’s tax laws.

Cryptocurrencies will be included under Section 158B of the Income Tax Act, which reports undisclosed income, according to Indian Finance Minister Nirmala Sitharaman’s Union Budget 2025 announcement.

The amendment allows cryptocurrency gains to be subject to block assessments if not reported, placing them under the same tax treatment as traditional assets like money, jewelry and bullion.

Crypto will fall under the definition of Virtual Digital Assets (VDAs), according to the new amendment, which states:

“Crypto asset has been defined in section 2(47A) of the Act under the existing definition of Virtual Digital Asset[…] A reporting entity, as may be prescribed under section 285BAA of the Act, will be required to furnish information of crypto asset.”

The new crypto tax proposition will be retrospectively applicable from Feb. 1, 2025.

At the end of December 2024, India’s Minister of State for Finance, Pankaj Chaudhary, said the government had found 824 crore Indian rupees ($97 million) in unpaid goods and service taxes (GST) by several crypto exchanges.

The report came a few months after Indian law enforcement agencies demanded 722 crore Indian rupees ($85 million) in unpaid taxes from Binance in August.

Crypto traders face up to 70% tax penalty on undisclosed crypto gains

As a sign of concern for cryptocurrency holders, Indian authorities may issue a tax penalty of up to 70% on previously undisclosed crypto profits.

This penalty may apply to crypto gains that remained undisclosed for up to 48 months after the relevant tax assessment year, according to the document, that wrote:

“70% of the aggregate of tax and interest payable on additional income disclosed in the updated income tax return [ITR].”

The amendments come two weeks after Bybit exchange suspended its services in India on Jan. 10, citing regulatory pressure as it continues to pursue a full operational license from India’s Financial Intelligence Unit.

Crypto tax laws are gaining prominence worldwide

Crypto tax laws gained increased interest worldwide in June 2024 after the US Internal Revenue Service (IRS) issued a new crypto regulation, which will make US crypto transactions subject to third-party tax reporting requirements for the first time.

Starting in 2025, centralized crypto exchanges (CEXs) and other brokers will start reporting the sales and exchanges of digital assets, including cryptocurrencies.

This decision could push crypto investors to decentralized platforms in a “paradoxical situation” that could make tax revenue harder to track, Anndy Lian, author and intergovernmental blockchain expert, told Cointelegraph.

Showcasing the crypto industry’s backlash, the Blockchain Association filed a lawsuit against the IRS in December 2024, arguing that the rules are unconstitutional because they include decentralized exchanges under the “broker” term, extending data collection requirements to them.

@ Newshounds News™

Source:  CoinTelegraph

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SOCIAL SECURITY NUMBERS ARE A PRIVACY LIABILITY

Hundreds of millions of SSNs have been leaked online already, but a privacy-focused identity solution could help fix the problem.

@ Newshounds News™

Read more:  CoinTelegraph

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UBS TESTS DIGITAL GOLD PRODUCT ON ETHEREUM LAYER-2 WITH INNOVATIVE BLOCKCHAIN SOLUTIONS

▪️UBS is testing a digital gold investment product using blockchain technology.

▪️The product offers fractional gold investment and real-time pricing features.

▪️This initiative highlights the integration of fintech and blockchain in finance.

Union Bank of Switzerland (UBS), the largest bank in Switzerland, has initiated trials for a digital gold investment product on the Ethereum $2,956-based ZKsync layer-2. The bank is testing gold trading operations using blockchain technology to enhance functionality on a global scale.

Trial Process and Product Details

The product being tested, UBS Key4 Gold, allows users to trade gold units on-chain. It provides individual investors the opportunity to invest in fractional gold while offering real-time pricing, deep liquidity, and secure physical storage options.

Blockchain Technology and Strategies

In this trial, UBS utilized the ZKsync Validium solution under a proof of concept (PoC) framework. The goal was to improve scalability, privacy, and interoperability, contributing to the product’s global expansion.

UBS Key4 Gold operates on a permissioned blockchain infrastructure known as the UBS Gold Network. This network connects vaults, liquidity providers, and distributors, ensuring technical support for the product. It is seen as a step toward the digitization of the gold market.

The testing process is considered significant for establishing a robust technical infrastructure for the product. Additionally, fluctuations in the ZK token price are being closely monitored within the context of market volatility.

The trial provides important insights into the digitization in the fintech sector and the application of blockchain technology in finance. Various technical tests and applications can serve as a guide for the product’s integration into global markets.

@ Newshounds News™

Source:  CoinTurk

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More News, Rumors and Opinions Sunday Afternoon 2-2-2025

TNT:

Clare:  Iraq imports over 50 kilograms of gold daily: Ministry

 Iraq imports between 50 to 75 kilograms of gold daily excluding the Kurdistan Region, the planning ministry said on Wednesday, adding that gold imports are only allowed through airports. 

“50 to 70 kilograms of gold is imported daily through the airports,” Iraqi planning ministry spokesperson Abdul Zahra al-Hindawi told Rudaw. 

The imported gold arrives through Baghdad, Basra, Najaf, and Kirkuk airports, according to Hindawi.

While the amount of gold imported does not include the Kurdistan Region, Hindawi said that the ministry has expressed its readiness to coordinate with authorities in the Region to organize the process and obtain accurate numbers. 

Gold is also imported through Erbil and Sulaimani airports, both of which have a center for inspecting gold and expensive jewels. 

Government regulations in Iraq only permit gold to be imported through the airports. 

In late December, a gold inspection center was opened in Kirkuk airport, which authorized the import of gold. 

Sheikh Mustafa Abdulrahman, president of the Kurdistan Region’s Importers and Exporters Union, told Rudaw in December 2023 that the Kurdistan Region has become the center of gold trade in the region. link

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Tishwash:  Iraq's dollar reserves exceed $100 billion

Economic expert, Basem Jamil Antoine, revealed Iraq’s dollar reserves.

Antoine told {Euphrates News} that: "The Iraqi gold reserve is good and it is preferable for the reserve to be larger than it is now and commensurate with the size of Iraq's dollar reserve, which currently amounts to more than 100 billion dollars."
He explained that "these assets must be converted into production in the economic and private sectors to create job opportunities for the unemployed and reduce poverty rates," stressing "the need for local reliance in production and not resorting to imports."

Antoine pointed out "the importance of converting surplus cash liquidity into a productive sector that is capable of protecting the country and providing food security in all sectors."
The economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed via {Euphrates News} Iraq's gold reserves, which are estimated at about 152 tons.

 Salih explained that its approximate value in the country's foreign investment portfolio is about 14 billion dollars, which constitutes about 13% of the total diversification of that portfolio, which is distributed in standard proportions between other foreign currencies.  link

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

Frank26   The fact that Trump has sent his new Secretary of Treasury people along with the Treasury Secretary is gigantic.  What do you think they're talking about, the Super Bowl next week?  Of course not.  They're talking about what they're about to do, to give [Iraqi citizens] purchasing power.

Militia Man  Article:  "Al-Sudani opens the 48th session of the Baghdad International Fair"   The event is underway with 20 countries and up to 1,000... Iraq is looking for the international and Arab investors to come into Iraq. All of which are looking for doing business with assurances they can invest in a secure and stable economic environment...It has been openly stated they have that and will continue with the support of the international community noted by...the United Nations directly this week. This is very good to see.

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Gold’s Historic Breakout: A Simple Breakdown of a Complex Collapse

VRIC :  2-1-2025

https://www.youtube.com/watch?v=hyC4LC65a4A

When Confidence Is Lost, HYPERINFLATION ENSUES

Lynette Zang:  2-2-2025

Today's video is about confidence, breaking down the stages of lost confidence, and how it effects you and your security!

https://www.youtube.com/watch?v=F7P0xm2REwA

States vs. IRS Battle Over Sound Money

States vs. IRS Battle Over Sound Money

Liberty and Finance:  2-1-2025

Amid growing economic uncertainty and a renewed focus on financial stability, a powerful movement is gaining traction across the United States: the push to recognize gold and silver as legal tender.

 In a recent discussion on Liberty and Finance, host Dunagun Kaiser and Jason Cozens, CEO of Glint, delved into the intricacies of this burgeoning effort, exploring its potential impact on everything from capital gains taxes to the everyday use of gold as a transactional currency.

Cozens revealed the strong grassroots support driving this initiative, emphasizing that it’s not just a fringe idea but a movement fueled by everyday citizens concerned about preserving their purchasing power. He also highlighted the significant involvement of key financial figures actively working to champion gold legislation at the state level.

This convergence of citizen advocacy and financial expertise is creating a powerful force for change.

The core of the argument, as explained by Cozens, lies in the state’s role in safeguarding its citizens’ buying power. In an era of volatile markets and fluctuating fiat currencies, the argument for sound money – historically anchored in precious metals – resonates with many.

By recognizing gold and silver as legal tender, states can empower their residents with a more stable and reliable form of currency, potentially better weathering economic storms.

Beyond serving as a store of value, the discussion also touched upon the practical implications of making gold a transactional currency.

Cozens drew attention to Glint, his company, which offers a platform for people to use gold-backed accounts for everyday purchases. This demonstrates the increasing feasibility of using gold beyond merely an investment asset, highlighting its potential to serve as a genuine form of money for daily transactions.

The conversation also explored the potential changes to gold-related tax policies and legislation. The recognition of gold and silver as legal tender could significantly impact how they’re taxed, particularly in regards to capital gains. This is a key factor that policymakers will need to address as the movement continues to gather steam.

The discussion concluded with a strong affirmation of the importance of sound money in a healthy economy.

 With the potential for states to act as incubators for innovative financial practices, the movement to recognize gold and silver as legal tender is more than just a nostalgic throwback to a bygone era. It’s a forward-thinking approach aimed at protecting individuals’ financial well-being and fostering a more resilient economic future.

As the conversation illuminated, the quest for sound money is no longer confined to financial circles; it’s a growing demand echoing from Main Street, and state legislatures are starting to take notice.

The implications, as Kaiser and Cozens pointed out, could reshape the financial landscape as we know it.

https://youtu.be/rbDxDtdsapk

Seeds of Wisdom RV and Economic Updates Sunday Morning 2-2-25

Good Morning Dinar Recaps,

TRUMP-IMPOSED TARIFFS TO BEGIN TUESDAY AS MEXICO, CANADA ANNOUNCE RETALIATORY RESPONSE

▪️President Trump on Saturday signed an executive order imposing 25% tariffs on imports from Canada and Mexico, with a 10% tariff on Canadian energy and oil, and an additional 10% tariff on China.

▪️The implementation of the tariffs was delayed to Tuesday at 12:01 am.

▪️Mexico’s President Sheinbaum announced the country would implement both tariff and non-tariff retaliatory measures, while Canadian PM Trudeau said Saturday night Canada would implement 25% tariffs on a swath of American goods in response.

President Trump on Saturday declared steep tariffs on all imported goods from Canada, Mexico, and China, setting the stage for a trade war with the U.S.'s largest trading partners.

Trump set the tariffs at 25% on Canada and Mexico, with a 10% carve-out for Canada's oil and energy exports, and a 10% tariff on all goods from China.

Though the tariffs were initially set to go into effect on Saturday, Feb. 1, the implementation was delayed to Tuesday, Feb 4, at 12:01 am. The tariffs will be imposed on top of any existing tariffs, and have been implemented in response to the flow of illegal drugs into the United States, according to the White House.

"The government of Mexico has afforded safe havens for the cartels to engage in the manufacturing and transportation of dangerous narcotics, which collectively have led to the overdose deaths of hundreds of thousands of American victims," a White House fact sheet states.

Mexico's President Claudia Sheinbaum was the first to announce retaliatory tariffs and non-tariff measures in response, in a post on X Saturday evening.

In the post, Sheinbaum proposed that the U.S. and Mexico establish a working group to combat criminal organizations, warned against using tariffs to solve problems, and forcefully denounced the White House's accusation that the Mexican government has alliances with drug cartels.

"I instruct the Secretary of Economy to implement Plan B that we have been working on, which includes tariff and non-tariff measures in defense of Mexico's interests," a translation of Sheinbaum's post reads.

The Canadian government will also levy counter-tariffs on American goods in response. Canadian Prime Minister Justin Trudeau said in an address to Canadians Saturday night that the country would implement 25% tariffs on a large swath of American goods. Trudeau also said that non-tariff responses affecting the energy sector were being considered.

The Canadian government's response may eventually include export tariffs on energy, Bloomberg reported Saturday, setting the stage for a critical trade war between the U.S. and its largest foreign energy supplier.

The price of energy factors heavily into the cost of mining Bitcoin in the U.S., which has an estimated 36% share of the global hashrate, according to mining firm Luxor.

The Block's GMCI 30 index of the top 30 crypto tokens by market cap is down about 4% over the past 24 hours as the market responds to Trump's executive order.

@ Newshounds News™

Source:  The Block

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ARGENTINA DESIGNS FORENSIC PROTOCOLS TO FIGHT CRYPTO CRIME

Argentina has designed and established identification and forensic protocols to guide security and police forces in standardizing their actions to fight crypto crime.

Argentina Establishes Forensic, Identification, and Seizing Protocols for Crypto Crimes

Argentina has taken another step toward empowering its public servants to fight crypto crime.

The Nation’s Security Ministry recently issued Resolution 117/2025, which describes the procedures that public servants, including police and federal security forces, must follow when dealing with digital assets possibly linked to crime.

The protocol, which Argentine authorities must now follow, seeks to standardize the necessary processes to prevent the loss or alteration of digital assets in official procedures.

In the same way, the resolution recognizes and identifies that cryptocurrencies are tools that are being used in money laundering and terrorism financing schemes.

Because of this, the Security Ministry has established the need to strengthen the research and tracking of these assets when they are involved in criminal activities.

With this move, Argentina jumps to the forefront of Latam regarding the treatment of crypto-related crime and recognizes the relevance of digital assets as money proxies.

And with a good reason: the country has been home to several high-profile crypto frauds affecting thousands, mostly related to investment fraud and Ponzi schemes.

The Security Ministry is aware of this crypto crime wave and has been preparing a suite of tools to combat it. In December, the ministry established that the security forces should prevent “unauthorized financial intermediation through the use of cryptoassets,” vowing to preemptively track possibly criminal behavior derived from their usage.

Argentine authorities scored major wins in crypto crime cases last year. In September, one of the first crypto seizures was executed in a money laundering operation that mixed phone smuggling activities and illegal online casinos.

Also, In December, Argentine law enforcement agencies requested the freezing of 3.5 million USDT linked to Rainbowex, an alleged Ponzi scheme. This marked the first time Argentine law authorities interacted directly with Tether in a criminal case, issuing an order for this objective.

@ Newshounds News™

Source:  Bitcoin News

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News, Rumors and Opinions Sunday AM 2-2-2025

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. 2 Feb. 2025

Compiled Sun. 2 Feb. 2025 12:01 am EST by Judy Byington

Judy Note: What comes next? The Global Alliance tells us Ten Days of Darkness and a Global Currency Reset that puts all countries’ gold/asset-backed currencies on a 1:1 value with each other and back under control of The People.

Sat. 1 Feb. 2025 Project Odin=EBS …JFK Awakening Q17 on Telegram

This will release the NESARA/GESARA funds and then we the people will begin to rebuild. This event is truly biblical.

Many events will also take place such as:

Bitcoin Server/Data Center will be hacked and shut down forever

99.5% of cryptocurrencies will disappear, including Chinese Coins

ISO20022 coins backed by Precious Metals will be available

The stock market collapsed

Quantum system

Nesara / Gesara / RV

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Possible Timing:  (RUMORS)

On Wed. 15 Jan 2025 Trump (allegedly) signed the classified “Gold Directive,” the Cabal’s hidden vaults having been seized. Their gold, stolen for centuries, was now being returned to The People through the QFS.

As of 28 Jan. 2025 Redemption Centers were(allegedly)  processing massive amounts of gold-backed currency daily. The banks were powerless. They know their system was finished, and they were scrambling to hold on.

Wed. 29 Jan. 2025 was the Chinese New Year – Julian Assange said that “the Blackout has begun. All systems are go. The EBS is live in certain areas” and last week JFK Jr. said, “The Plan Never Changed. It was Always February. The Chest Will Open Very Soon!”

Month of Feb: The Plan Never Changed. It was Always February. The Chest Will Open Very Soon!” …John F. Kennedy Jr. on Telegram

Mon. 3 Feb. QFS (allegedly) Activates Worldwide

Sun. 9 Feb. QFS(allegedly)  becomes fully operational with intense military operations.

In Aug. 2025 the U.S. Treasury will (allegedly) send out a computer algorithm to each bank to zero debt balances in a Debt Jubilee. The banks will (allegedly) then zero out all mortgage debt, credit card debt, car debt, etc. On Wednesday, July 10, 2024 the Debt Jubilee was (allegedly) legalized by Trump. Citizens do not have to contact their debtor to ask for the Debt Jubilee. Watch for your new zero balance statement coming out sometime in August. …JFK Awakening on Telegram

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Global Financial Crisis:

Sat. 1 Feb. 2025: Why is President Trump placing massive tariffs on the European Union? Lagarde: Well, because even the European Central Bank President couldn’t dispute the fact that they have been ripping the United States off for decades. …EBS on Telegram

Read full post here:  https://dinarchronicles.com/2025/02/02/restored-republic-via-a-gcr-update-as-of-february-2-2025/

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

Jeff  Question:  "How long should we wait to go to the bank if we are not needing money ASAP?  In other words do you think it will start floating fairly quickly or will it take some time?"  This will be a managed float, which means it can only change plus or minus 10% per day...When the rate changes it'll come out somewhere around the $3.80 range.  That's my opinion.  I don't think it's going to go over $4 until going into the 2025 budget period...I think it's going to stay below $4 during our 90-day window to exchange.  I wouldn't worry about time waiting for it to float...   Get it exchanged.  Don't wait for this to go up in value because I don't think you're going to have that opportunity or time frame.

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:Mr. Sammy says...we see Germany, France, Egypt they're all saying to us, 'just do it.' And ones [investors that arrived] today all praising Iraq saying we are stable and we want to do business with Iraq.  Even Kuwait who has the strongest currency in the world is now coming in and supporting us...It's looking pretty good.  FRANK:  Kuwait holds the most powerful currency in the Middle East but we see the whole world running to Iraq, not Kuwait?  ...They know the potential of the float of your currency on an international level is going to be insane.  Iraq is the prettiest girl in town and everyone wants to kiss her.

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Greg Mannarino: Pandemonium - Debt Market Time-Bomb Now Ready To Implode

Good as Gold Australia:  2-2-2025

In this latest interview, Darryl and Brian Panes from As Good As Gold Australia interview the one and only Greg Mannarino "The Robin Hood of Wall Street".

The world's economy is in tatters. Is the message getting across to the populous at large or are we sinking further into the mire.

Greg provides his thoughtfull insights into this probing question - a must listen.

With many central banks buying up physical gold, will we see a gold standard money supply system in the near future?

In Australia, just over 2 years ago, we had a parliamentary vote on discontinuing cash as a form of money. It was well and truly voted against until at least 2030. Why is it important to have cash as an option?

In Australia in 2024, gold increased in price by 36%. If we go back exactly one year to the day, the price of gold is up over 40%. In the last 5 years, the price of gold has risen 90% (approx. 18% per year).

 Everybody talks about the S&P 500 or the Dow Jones, but nobody talks about this spectacular rise in gold - why not?

When you do the calculations on the rise of the world debt and in particular the United States, you can see that the debt level is uncontrollable using fiat currencies, and in effect, debt is impossible to reduce.

History shows that only gold and silver as money will control debt.

Why is this fact seemingly not recognised by our politicians? Since 1971 in the US, there has been a doubling of the debt every 8-10 years. Egon Von Greyerz confirms it is about to accelerate.

 How much longer before the system implodes and where to for gold and silver in 2025? Greg's response to all of these questions makes this interview a must-listen - we will be doing this again!

https://www.youtube.com/watch?v=YpLG-X1_kmY

“Tidbits From TNT” Sunday Morning 2-2-2025

TNT:

Tishwash:  Iraqi Parliament Approves First Amendment to General Budget Law for 2023-2025

The Iraqi Parliament voted, on Sunday, on the draft law of the first amendment to the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023 - 2024 - 2025) No. (13) of 2023.

For his part, independent MP Ahmed Majeed announced in a statement to Shafaq News Agency that members of the House of Representatives from the central and southern governorates boycotted the parliament session held today, considering that voting on the budget is "a violation of the law and the internal regulations of the council due to the lack of a legal quorum."

Majeed explained that "the number of representatives present does not exceed 140 representatives, which means that the quorum is not achieved," stressing that they doubt the legitimacy of the session.

He added: "We will file an appeal with the Federal Court against the House of Representatives for violating the law and proceeding with the vote on amending the budget law."

The Iraqi Council of Representatives held its fourth session of the first legislative term of the fourth legislative year a short while ago, headed by the First Deputy Speaker of the Council, Mohsen Al-Mandalawi, with the attendance of 176 representatives, and the boycott of about 50 representatives.

A parliamentary source told Shafaq News Agency, "The representatives of the Central and Southern Front boycotted the session in protest against the amendment of the budget law. The number of representatives of the Front is about 50 representatives, most of whom are independents."

The representative of the Central and Southern Front, Raed Al-Maliki, said during a press conference held in the parliament building with the participation of the representatives and attended by a Shafaq News Agency correspondent, "We are a group of representatives from the central and southern governorates who boycotted the parliament session on Sunday because of the paragraph amending the budget law."

Al-Maliki added, "We requested that there be a joint administration with the regional government, and that companies be obligated to review contracts, and that other articles be reviewed, including Article 14 of the budget law, in addition to other articles and the deficit in the budget law."

He stressed, "Our demands relate to implementing the rights of the central and southern governorates and financing the government contracting expenses of companies contracting with local governments."

Parliament Speaker Mahmoud Al-Mashhadani, who is currently visiting the Iranian capital Tehran, announced before his departure that Parliament will approve today, Sunday, amending the general budget in accordance with the text sent by the Council of Ministers.

Earlier today, the Coordination Framework, which brings together Shiite political forces, revealed the existence of a political agreement to pass the amendment to the budget law during the session of the Iraqi parliament scheduled to be held today.

The representative of the framework, Mohammed Radhi, told Shafaq News Agency, "There is a political agreement to pass the amendment to the budget law during today's session, as the text of the amendment was mentioned by the Iraqi government. There is a political and parliamentary will and desire to support the government's steps to resolve the differences with the region."

Radi added, "The agreement to pass the amendment to the budget law came in order to push the government to expedite sending the 2025 budget schedules, as no one wants to disrupt this budget, to prevent obstructing the construction and reconstruction process, and launching many strategic and important projects during this year."

The Finance Committee of the Iraqi Council of Representatives announced yesterday, Saturday, that the Council of Representatives will vote in today’s session, Sunday, on the government’s proposal to amend Article 12 of the General Budget Law.

The draft amendment to Article 12 of the Budget Law includes two paragraphs, the first of which relates to the costs of producing and transporting the Kurdistan Region’s oil after determining the actual estimated costs through the advisory body.”

As for the second paragraph, it stipulates that if the federal and regional governments do not agree on the costs of production and transportation, the Ministry of Oil shall choose a party to determine those costs, and as a result the cost of extracting oil from the oil fields in the region shall be calculated.

In June 2023, the Iraqi Parliament voted on the draft general budget law for the fiscal years (2023, 2024, 2025). link

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Tishwash:  Economist: The Iraqi market is centralized and 40 investment laws need to be reviewed and amended

Economic expert Abdul Rahman Al Mashhadani confirmed today, Friday, that the problem facing foreign investors in Iraq is not limited to the security and political situation only, but rather it is a complex problem.

Al-Mashhadani added to Al-Furat News Agency that "talking about attracting investments is not limited to a specific region, but rather depends on the general situation in the country." 

He explained that "the investment climate in Iraq requires several factors, including the political factor and the conflict between the blocs, in addition to the investment laws that need to be reviewed, as their number has reached about 40 laws."

He pointed out that "there are paragraphs in these laws related to the economy in general."

Al-Mashhadani pointed out that "the Iraqi government is moving towards a capitalist economy and following a market economy according to the principle of supply and demand, which means that the government cannot interfere in all economic details."

He pointed out that "the current laws were enacted a long time ago, and are not compatible with the nature of the current stage."  link

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Tishwash:  Al-Sudani: Iraq's debts have fallen to their lowest levels and investments have exceeded 60 billion dinars

Prime Minister Mohammed al-Sudani said on Saturday, February 1, 2025, that Iraq's external debts have fallen to their lowest levels, noting that foreign investments in Iraq have exceeded 60 billion dinars.

The International Monetary Fund  warned  in a report of a doubling of debt in Iraq, through an increase in the deficit, as it expected “the public finance deficit to reach 7.6% in 2024 and to widen further after that with the expected gradual decline in oil prices in the medium term,” leading to “a near doubling of public debt from 44% in 2023 to 86% by 2029.”

Al-Sudani's media office stated in a statement seen by "Ultra Iraq" that "he opened the 48th Baghdad International Fair this evening, Saturday, with the participation of (1250) companies, in various specializations, representing 22 Arab and foreign countries."

He also "delivered a speech in which he welcomed the representatives of the companies and entities participating in this year's session, which witnessed the return of companies that had been absent from previous sessions, which is an important addition to establishing productive and promising partnerships and stronger cooperation that enhances facing challenges and draws a map of economic growth."

Al-Sudani said, "The real standard for success is the citizen's satisfaction and positive interaction with what the executive service apparatus provides, in addition to economic reform," indicating that "Iraq is heading towards the widest urban movement in the field of housing, and work has begun within the new city projects to reach approximately one million housing units."

He added: "We announced a project to add 15-20 thousand megawatts of electricity production to the national grid, and raise production to the highest levels in meeting the demand for energy." He also said: "We worked to achieve actual participation in clean and renewable energy production projects after it was just talk and statements."

He continued: "After implementing the reforms, foreign investments coming to Iraq exceeded 60 billion dinars, which is a clear indication of the reassurance of capital," and "the government provided a business-friendly investment environment, and legal and moral protection enjoyed by investors and companies operating in Iraq."

He pointed out to "building understandings and agreements with international partners and global financial institutions, and granting sovereign guarantees to the private sector to establish a strategic partnership with industrial countries and major economies," stressing that "the government's steps contributed to consolidating the position of the Iraqi economy, raising the level of credit confidence internationally, and reducing external debt to its lowest levels."

He explained that "the people's project development path will be the most effective to link Asia and Europe, passing through Iraq and the Middle East," and that "the door is open to everyone to contribute to the development path, and the opportunities that will be available on both sides for industrial economic cities and free trade zones."

Last year, Mazhar Muhammad Salih, Al-Sudani’s financial advisor, pointed out a “decrease in the amount of external debts due,” which appeared in the “allocations for external debt payments” in the 2024 budget compared to the 2023 budget schedules “with a difference of a decrease of more than one billion dollars,” due to “Iraq’s regularity in paying its external debts due annually, of which only about 20 billion dollars remain.”  link

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Mot: . Um, FYI...

Mot: . Family Notice!!!!!!

USD Devaluation Is Coming, Gold Repricing, Negative Rates, Monetary Reset & Deep Seek - Luke Gromen

USD Devaluation Is Coming, Gold Repricing, Negative Rates, Monetary Reset & Deep Seek - Luke Gromen

TFTC:  2-1-2025

Luke Gromen breaks down why the U.S. dollar faces massive devaluation and why negative rates are inevitable. He explains the mechanics of Treasury gold repricing from $42/oz, potential Bitcoin integration into Treasury markets, and how China's Deep Seek AI development changes global power dynamics.

The conversation covers impending financial system changes, from gold's role as a neutral reserve asset to the necessity of negative real interest rates for 2-3 years.

Gromen details how private markets are already adapting through Bitcoin-collateralized instruments and stablecoin Treasury requirements.

0:00 - Intro

0:59 - Tariffs

4:53 - DeepSeek

12:32 - Bessent's reset

17:19 - Fold & Bitkey

19:14 - Liquidity crisis and the big print

26:05 - Speculating on a deal with China

30:19 - Unchained

31:20 - Europe is losing

38:47 - Gold price and SBR

45:45 - History of gold's official price

 50:26 - Is the bandaid coming off soon?

 55:26 - Bitcoin-backed lending

1:02:04 - There's hope for cooler heads

1:13:29 - SAB 121 repeal

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

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 2-1-25

Good Afternoon Dinar Recaps,

BRICS CURRENCY: KREMLIN SAYS NO PLANS FOR A COMMON CURRENCY

According to the Kremlin, Russia and BRICS do not have plans for a common currency, contrary to previous reports. Following threats from US President Donald Trump to impose tariffs on the BRICS nation for creating such a currency, the bloc insists that no such plans exist.

Trump on Thursday warned BRICS member countries about replacing the U.S. dollar as a reserve currency by repeating a threat of 100% tariffs he had made weeks after winning the November presidential election. 

“The idea that the BRICS Countries are trying to move away from the Dollar, while we stand by and watch, is OVER,” the President said on Truth Social. 

“We are going to require a commitment from these seemingly hostile Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy.“

Kremlin Denies BRICS Currency Developments

However, Kremlin spokesman Dmitry Peskov says BRICS, of which Russia is a founder, was not talking about setting up its own currency, but merely about creating joint investment platforms. He added U.S. experts should brief Trump in more detail about what BRICS is doing.

BRICS has been in active discussions about developing its own common currency for years. The talks have become more concrete in the last year, with more nations joining in and interest in the bloc growing.

Despite the story of BRICS looking to overthrow the greenback, the bloc recently insisted it’s not pursuing de-dollarization. Peskov’s statement doubles down on this, saying that the bloc never wanted to abandon the USD altogether, simply providing an alternative for countries who have lost trust in the US currency.

More countries are ditching the US dollar for local currency alternatives as the greenback faces continuous pressure. Donald Trump’s tariff plan also stands to put the greenback in more jeopardy, isolating it from countries out East. While Trump is looking to save the US dollar from opposition, he could in turn be adding to the nation’s current economic rivals.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

XRP LAWSUIT NEWS: CAN ACTING SEC CHAIR MARK UYEDA DROP THE RIPPLE CASE?

▪️Ripple CEO Talks to Trump – Discussions heat up over XRP as a potential U.S. national digital asset reserve.

▪️Ripple Case Removed from SEC Website – What does this move indicate? Settlement rumors spark speculation.

▪️Acting SEC Chair's Role – Why it's unusual for an Acting Chair to drop Ripple's high-profile case.

The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has fueled widespread speculation about a potential settlement. Recent developments suggest that the resolution of this case could be closer than expected, with some pointing to key signs indicating a possible outcome.

Ripple’s CEO Talks to Trump About XRP as National Digital Reserve

One factor intensifying speculation is the revelation that Ripple’s CEO, Brad Garlinghouse, has had direct discussions with President Donald Trump regarding XRP as a potential U.S. national digital asset reserve. While the idea of XRP becoming a national reserve asset remains uncertain, the fact that such discussions are happening is seen as a major development.

Ripple Case Removed from SEC Website: What Does It Mean?

The recent removal of the Ripple case from the SEC’s website is also being widely discussed. While this move has sparked rumors about an imminent settlement, experts warn against reading too much into it.

Sherrie, a well-known expert in the XRP community, said that the SEC didn’t move the case; it’s actually been concluded and is now listed under Award Claims. Once the case was appealed, it received a new case number and can be found on the Court of Appeals website.

Challenges in Dropping the Case: Acting SEC Chair’s Role

When a user enquired about why acting Chairman Mark Uyeda has not yet dropped the case, she explained that it would be unusual for an acting SEC Chair to drop a high-profile case like Ripple’s. Normally, these big cases are handled by the official Chairman

It would be unusual for an Acting Chair to take such a liberty as to drop a high profile case such as Ripple’s. Generally these big cases are dealt with by the actual Chairman. Atkins has an estimated time of getting approved by the Senate around April, 
She Wrote.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

CIRCLE’S USDC STABLECOIN OFFICIALLY GOES LIVE ON LAYER-1 CHAIN APTOS (APT)

Circle’s dollar-pegged stablecoin USDC has officially gone live on the layer-1 chain Aptos (APT).

Aptos’ native token, APT, is up on the news, surging by 5.5% in the past 24 hours.

The 38th-ranked crypto asset by market cap is trading at $7.91 at time of writing.

Coinbase, the top US crypto exchange, has already added Aptos-native USDC to its listing roadmap.

In November, Aptos first announced that it planned to integrate USDC, as well as the fintech giant Stripe’s payment services.

Stripe will provide a fiat on-ramp for the Aptos network. The payments firm reemerged in the crypto sector in October when it rolled out support for USDC settlements. It had previously enabled payments made using Bitcoin (BTC) until 2018, when the firm discontinued its support, citing BTC’s lack of utility as a payments rail.

Native USDC stablecoins are officially issued by Circle and are redeemable 1:1 for US dollars. USDC is the second-largest stablecoin with a market cap of more than $53 billion, second only to Tether’s USDT, which has a market cap of nearly $140 billion.

Despite its gains in the past day, APT remains down by more than 5% in the past seven days and more than 10% in the past month.

@ Newshounds News™

Source:  DailyHodl

~~~~~~~~~

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News, Rumors and Opinions Saturday 2-1-2025

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 fro the Restored Republic via a GCR: Update as of Sat. 1 Feb. 2025

Compiled Sat. 1Feb. 2025 12:01 am EST by Judy Byington

Judy Note: On Thurs. 30 Jan. 2025 the privately owned Fed officially (allegedly) dropped dead – with the privately owned IRS on it’s way to a shadowy grave – when the US Treasury withdrew from the Cabal’s Bankrupt Central Banks across the World.

For some time the new US Treasury has been (allegedly)located on an Indian Reservation near Reno Nevada, along with tons of gold collected from the Cabal since Trump took office in 2016 – all awaiting a Global Currency Reset – which was said to be on it’s way.

This week the Quantum Financial System was said to be fully operational for completion of that Global Currency Reset.

Judy Note: What We Think We Know as of Sat. 2 Feb. 2025:

On Fri. 31 Jan. 2025: The highest ranking official in the US Treasury, David Lebryk, resigned today rather than comply with a request by Elon Musk of the Department of Government Efficiency (DOGE), for access to an audit where the Treasury spent trillions a year. …Treasury official exits after DOGE request for payment systems access

On Fri. 31 Jan. 2025: Trump announced he is imposing tariffs on the European Union

Thurs. 30 Jan. 2025: U.S. Department of the Treasury Withdraws from the Network of Central Banks and Supervisors for Greening the Financial System. …Press Release, US Dept. of Treasury (In other words, the Fed is dead).

~~~~~~~~~~~

Global Currency Reset and NESARA/GESARA Debt Jubilee:

According to JFK Jr. on Telegram:

Fri. 31 Jan. 2025 Wolverine: “I can’t say much, just that we are very close. Get ready.”

Last week JFK Jr. announced that The Plan had always been set for Feb. 2025. It was assumed that meant activation of the Quantum Financial System (Mon. 3 Feb. 2025 through Sun. 9 Feb 2015.) which would be accompanied by Ten Days of Worldwide Communication Darkness.

Thurs. 30 Jan. 2025: A late call from England indicated we are in for an awakening between now and Sun. 2 Feb. Two Iraqi doctors who practice in the state and were clients of mine have bank debit cards that reactivated at $4.75 per Dinar.

Month of Feb: The Plan Never Changed. It was Always February. The Chest Will Open Very Soon!” …John F. Kennedy Jr. on Telegram

Mon. 3 Feb. QFS set to Activate Worldwide

Sun. 9 Feb. QFS set to become fully operational with intense military operations.

“In Aug. 2025 the U.S. Treasury will send out a computer algorithm to each bank to zero debt balances in a Debt Jubilee. The banks will then (allegedly) zero out all mortgage debt, credit card debt, car debt, etc. On Wednesday, July 10, 2024 the Debt Jubilee was (allegedly) legalized by Trump. Citizens do not have to contact their debtor to ask for the Debt Jubilee. Watch for your new zero balance statement (allegedly) coming out sometime in August.” …JFK Awakening on Telegram

In Aug. 2025 during a Debt Jubilee, the U.S. Treasury announced they will (allegedly) send out a computer algorithm to each bank to zero out all mortgage debt, credit card debt, car debt and other debt balances.

Back on Wed. 10 July 2024 that Debt Jubilee was legally (allegedly) authorized for America by President Trump after he and JFK Jr. had been installed as President and Vice President of the new American US Republic. It was assumed that other nations participating in the Global Currency Reset would follow with their own Debt Jubilee.

Read full post here:  https://dinarchronicles.com/2025/02/01/restored-republic-via-a-gcr-update-as-of-february-1-2025/

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

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

Frank26  Donald Trump already sent his new Secretary of Treasury to Iraq.  Moments after he was signed in, Trump to his Secretary of Treasury, go see Sudani and Alaq at the CBI.  Lock yourself up behind closed doors.  Don't come home until mission is accomplished...It's close.

Bruce   [via WiserNow] President Trump sent our Treasury Secretary Scott Bessent...to Iraq to make sure that they got everything done – the new rate – and everything was ready to go from Iraq’s point of view... he was told...Don't come back until you believe it's done. So he's planning to fly back and be home to the states by noon Saturday...So I'm gonna say likelihood is good for us finally to come to an end of this ride.  We get notified as early as Saturday or Sunday, and then get started to exchange maybe on Monday or Tuesday...That's where we are right now...that's what I'm hearing.   

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The Fed Just Admitted Defeat Against Inflation

Heresy Financial:  2-1-2025

TIMECODES

00:00 Fed Pause & Long-Term Rate Trends

01:16 FOMC Wording & Inflation Reality

02:38 Lessons from the 70s: Repeating Rate Mistakes

03:21 Fiscal Policy & Liquidity Drain

04:39 Quantitative Tightening & Market Volatility

 05:52 Natural vs. Neutral Rate Debate

07:45 Radical Proposal & Final Thoughts

https://www.youtube.com/watch?v=QexagT5HlPY

LIVE! "Invest In GOLD AND CRUDE OIL." Says The Wall Street SUPERBANK Goldman Sachs.

Greg Mannarino:  1-31-2025

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

A Global Economic Reset, is it Already Happening?

A Global Economic Reset, is it Already Happening?

Wealthion:  1-31-2025

The global economic landscape is shifting, and according to economist Simon Hunt, we might be on the precipice of a once-in-a-century reset.

 In a recent interview with Anthony Scaramucci on Wealthion, Hunt painted a stark picture of a world undergoing profound changes, driven by a rising BRICS alliance, escalating geopolitical tensions, and the potential for a significant market correction coupled with soaring inflation.

Are we, as Hunt suggests, on the cusp of an economic crisis mirroring the turmoil of the 1970s? Let’s break down the key talking points.

One of the most significant developments Hunt highlights is the growing economic and political clout of the BRICS nations (Brazil, Russia, India, China, and South Africa, with expanding membership). He argues that these emerging markets are actively working to dismantle the existing U.S.-led financial order.

This isn’t merely a shift in influence; Hunt posits it could lead to a fundamental restructuring of global power dynamics, potentially ending decades of U.S. economic dominance. The allure of a multipolar world, offered by the BRICS bloc, is gaining traction, particularly amongst nations seeking alternatives to the traditional Western financial infrastructure.

Central to this power shift is the ongoing struggle between the U.S. and China. Trade wars, sanctions, and escalating tensions are not just isolated incidents; they are symptomatic of a deeper battle for economic and geopolitical supremacy.

 This conflict, according to Hunt, is a key driver of global instability and contributes to the precarious economic environment we face today. The interconnectedness of these two economic giants means that any significant disruption in their relationship reverberates throughout the world.

Beyond the geopolitical arena, Hunt delivers a stern warning about the state of the stock market. He suggests that we could be staring down the barrel of a substantial correction, potentially ranging from 20-40%. This wouldn’t be a minor blip but a dramatic downturn that could significantly impact investors worldwide. He argues that current valuations are unsustainable, and a reckoning is inevitable given the underlying economic pressures.

Perhaps most concerning is Hunt’s prediction regarding inflation. He cautions that we could see inflation surge beyond 13%, mirroring the crisis of the 1970s.

This combination of high inflation and potential market instability creates a toxic cocktail, threatening to erode purchasing power and destabilize the global economy. Hunt connects this inflationary pressure to supply chain disruptions, geopolitical tensions, and the potential for a shift away from the dollar.

Further fueling the shift away from the existing order is the growing interest in gold, particularly from China. Hunt suggests that China’s ongoing accumulation of gold might indicate a desire to create a gold-backed currency, a move that would further challenge the dominance of the US dollar and significantly alter the global monetary system. Such a move would have profound implications for international trade and finance.

Despite the growing emphasis on renewable energy, Hunt emphasizes the enduring influence of oil as the world’s most critical commodity. He underscores that control over energy resources remains a key driver of geopolitical power and that fluctuations in oil prices continue to have a dramatic impact on the global economy. The ongoing energy battle, he argues, will be another catalyst for instability and further accentuate geopolitical tensions.

Ultimately, Hunt’s interview paints a picture of a global economy facing multiple, interconnected threats. Investors, he suggests, need to be vigilant and prepared for a period of heightened volatility. Key risks to watch include escalating geopolitical conflicts, further supply chain disruptions, increasing inflationary pressure, and, of course, the potential for a significant correction in the stock market.

Simon Hunt’s analysis on Wealthion provides a sobering perspective on the current state of the global economy. While not a prediction of inevitable doom, his warnings highlight the potential for a significant economic reset. The rise of BRICS, the U.S.-China power struggle, the threat of a market downturn, and the looming specter of resurgent inflation all point to a period of uncertainty and change.

Whether we are indeed witnessing a once-in-a-century event remains to be seen, but the issues raised by Hunt demand serious attention from investors, policymakers, and anyone concerned about the future of the global economy. The key is to be aware, informed, and prepared for the potential shifts ahead.

https://youtu.be/rnZ58Xzzrbg

Seeds of Wisdom RV and Economic Updates Saturday Morning 2-1-25

Good Morning Dinar Recaps,

ARGENTINA WELCOMES COINBASE: A NEW ERA FOR CRYPTO IN LATIN AMERICA!

Coinbase receives regulatory approval to operate in Argentina, expanding its presence in Latin America.

Argentina's increasing crypto adoption and planned currency liberalization create a favorable environment for Coinbase's entry.

Coinbase's expansion aligns with international crypto collaborations.

In a major move, Coinbase has just secured approval from Argentina’s National Securities Commission (CNV) to operate as a Virtual Asset Service Provider (VASP). This marks a significant milestone in the exchange’s ongoing expansion efforts across Latin America.

Following its 2023 launch in Brazil, coinbase entry into Argentina signals a bigger push to cater to the growing demand for crypto solutions in the region. The goal is to strengthen user protection while complying with local regulations.

Argentina’s Growing Crypto Adoption

Coinbase reports that nearly 5 million Argentinians use cryptocurrency daily, with 76% of adults viewing it as a solution to issues like inflation and high transaction fees. Matías Alberti, a former fintech executive from Buenbit and Clara, will lead Coinbase’s operations in Argentina, helping to guide the company’s growth in the country.

With this approval, Coinbase is now able to offer a full range of services, such as buying, selling, transferring, and storing cryptocurrencies. This expansion strengthens Coinbase’s presence in Latin America, particularly in one of the region’s largest economies, further expanding its global reach.

Markets Get Competitive

Coinbase’s move into Argentina comes as the local market becomes increasingly competitive. Binance also registered in the country in October, while Argentina is preparing for significant changes. By 2025, the country plans to allow free currency circulation, which would include cryptocurrencies like Bitcoin for everyday transactions.

Coinbase’s launch in Argentina coincides with growing international crypto collaboration. In December 2024, Argentina and El Salvador signed an agreement to boost the crypto industry, paving the way for Argentina to become a key player in the global digital asset market.

As more countries open their doors to crypto, digital assets continue to be the buzz of the market. We’ll keep you updated!

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

EL SALVADOR PASSES NEW BITCOIN (BTC) LEGISLATION TIED TO NEW IMF $1,400,000,000 FUNDING DEAL: REPORT

The first country to use Bitcoin (BTC) as a legal tender has reportedly passed a new law that will scale back its crypto efforts.

Reuters reports that awmakers in El Salvador approved a bill to amend the nation’s Bitcoin law in compliance with a deal that the government struck with the International Monetary Fund (IMF).

In December, the government of El Salvador and a staff team from the IMF reached a deal for a $1.4 billion loan facility after agreeing that the Central American nation would allow businesses to decide whether they want to accept cryptocurrency payments.

El Salvador intends to use the fund to support economic reforms. The IMF says the arrangement under the Extended Fund Facility (EFF) will mitigate the country’s Bitcoin-related risks.

“The potential risks of the Bitcoin project will be diminished significantly in line with Fund policies. Legal reforms will make acceptance of Bitcoin by the private sector voluntary. For the public sector, engagement in Bitcoin-related economic activities and transactions in and purchases of Bitcoin will be confined.”

El Salvador’s congress, which is dominated by President Nayib Bukele’s New Ideas Party, approved the reform with 55 votes in favor and two against.

The agreement is still subject to the approval of the IMF Executive Board and conditioned on EL Salvador’s fulfillment of the terms.

@ Newshounds News™

Source:  DailyHodl

~~~~~~~~~

UTAH HOUSE COMMITTEE PASSES BILL FOR STATE TO BUY CRYPTO

The bill now needs to pass by majority vote in Utah’s House and Senate before being approved by state governor Spencer Cox, who appears to be pro-crypto.

A Utah House committee has passed a bill that would allow the state to invest a portion of public funds into crypto, with the measure now heading to the House for a vote.

@ Newshounds News™

Read more:   CoinTelegraph

~~~~~~~~~

SOUTH DAKOTA REPRESENTATIVE PROPOSES BITCOIN RESERVE BILLS

In what is a continuation of the ongoing trend in the United States, one South Dakota representative has proposed not one but two Bitcoin reserve bills. Indeed, state lawmaker Logan Manhart is seeking to make South Dakota one of many hoping to establish a strategic BTC reserve in their state.

The move has made South Dakota the 15th state to introduce a bill that would establish such a reserve, according to Dennis Porter. Moreover, one of the introduced laws would see the state allocate 10% of public funds to acquiring Bitcoin. Additionally, the state is looking to explore the leading cryptocurrency as a hedge against potential inflation.

@ Newshounds News™

Read more:  Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

“Tidbits From TNT” Saturday Morning 2-1-2024

TNT:

Tishwash:  Today.. Baghdad International Fair kicks off with the participation of 20 countries and 1000 companies

The 48th session of the Baghdad International Fair opens today, Saturday, with the participation of 20 countries and more than 1,000 local and international companies.

Minister of Trade Athir Dawood Al-Ghariri announced the completion of all preparations for the launch of the 48th session of the Baghdad International Fair.

Al-Ghariri stressed that "this edition will be distinguished by the diversity and size of the participation, as its activities will start today, Saturday, February 1, and will continue until the 7th, under the patronage of Prime Minister Mohammed Shia Al-Sudani and under the slogan "Investment - Development - Prosperity", with the participation of 20 Arab and international countries and more than 1,000 local and international companies.

He pointed out that "the Baghdad International Fair represents a point of attraction and attraction for foreign investors," adding that "this year will be different from previous versions in terms of the diversity of economic, cultural, and artistic events."  link

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

Tishwash: Hmmmm- running this article again.

As part of its war on counterfeiting, Iraq enhances the security of its currency with improved marks and printing new banknotes

Attentions in Iraq are directed towards the efforts made to protect the national currency and enhance its economic security. In this context, the Central Bank of Iraq's disclosure of a set of modern security marks that have been added to the circulating banknotes comes as a qualitative step that reflects the keenness to keep pace with global developments in the field of currency printing and security.

On January 19, the Central Bank of Iraq 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, reviewing these improved security marks, through a technical bulletin, in which it indicated the introduction of prominent marks on the new banknotes to enable the visually impaired to identify the banknote denominations by touch.

Mazhar Muhammad Salih, the economic advisor to the Prime Minister, confirmed in a statement followed by Al-Rasheed, that Iraq's decision to print a new currency is a natural decision that comes within the state's efforts to protect its national currency and enhance its security.

Salih explained that since the first issuance of the currency in 1934, Iraq has printed its currencies at the largest international printing companies, with the exception of the blockade period when the state was forced to resort to local printing.

He pointed out that Iraq still relies on the largest international companies specialized in printing currency, which are companies with a good reputation and high reliability and adhere to the highest international safety standards. He pointed out that this matter is of great importance to the economic security of Iraq and global security in general.

He added that Iraq reprinted its currency after 2003 with the largest international companies, including British and German companies. He explained that reprinting currency is a routine procedure that is carried out periodically to replace damaged papers and introduce new security improvements to the currency to protect citizens from counterfeiting and money laundering.

He stressed that these procedures come within the framework of the state's keenness to protect citizens' economic rights and ensure the stability of the Iraqi economy. He pointed out that the Central Bank of Iraq is the only body authorized to issue currency in accordance with the law, and there is strict security control over the printing and circulation process to prevent the entry of counterfeit currency into the country.

Saleh stressed that the cost of reprinting a single currency is very simple, not exceeding cents compared to its benefits, and that this procedure is an integral part of the policy of central banks around the world to maintain the stability of national currencies and protect national economies.  link

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Tishwash:  UN Secretary-General's Representative in Iraq: Our message is clear: "Iraq is everyone's country"

The Special Representative of the Secretary-General of the United Nations in Iraq, Mohammed Al-Hassan, confirmed today, Friday (January 31, 2025), that our message is clear and supports the stability and security of Iraq, which is the homeland of all.

Al-Hassan said in a press conference, which was followed by "Baghdad Today", during his visit to the Iraqi Jurisprudence Assembly in Al-A'dhamiyah, that "the pure soil of Iraq rejects sectarian, factional and exclusionary projects, and our message is clear, with the stability and security of Iraq, which is the country of everyone and a homeland that embraces everyone,"

Stressing that "the pure soil of Iraq rejects sectarian, factional and exclusionary projects," warning by saying, "The United Nations sees such sectarian projects," but he added, "We have confidence in the citizen and his ability to distinguish between the good and the bad."

He added, "The citizen is now yearning for more careful leaders whose concern is not to present political projects as much as to present projects that raise the citizen's standard of living, such as security, a free and dignified life, and developing the education, health, transportation and other facilities sectors."

He added, "The citizen is looking forward to seeing a tangible and real effort towards these aspirations."

He concluded by saying, “What we have seen during these years is honorable and heartwarming, but there is much that needs to be done.

Iraq is approaching an important constitutional entitlement, which is the elections, and we have confidence in the people’s ability to exercise their right peacefully and freely to choose the leaders they see as fulfilling their aspirations and hopes, far from sectarianism and exclusionary projects.

It is time for the citizen to enjoy the wealth of the homeland and the future of his land.” link

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Tishwash:  Signing the contract for the establishment of the Kirkuk investment refinery

Kirkuk Governor, Rebwar Taha Mustafa, signed a special contract today, Thursday, to establish the Kirkuk Investment Refinery with a production capacity of 70 thousand barrels per day, with the aim of enhancing economic development in the city and contributing to providing new job opportunities for graduates, according to the governorate.

Taha said in a press interview that "signing the contract to establish the Kirkuk investment refinery with a production capacity of 70,000 barrels per day is a great achievement for the Kirkuk local government to support the economy of the province, expressing his thanks to the Prime Minister, Mohammed Shia al-Sudani, and the ministers who voted for this project and supported its implementation, stressing their keenness to serve the city of Kirkuk and Iraq in general."

He added that "the project will be established near the oil facility and the North Gas Company, and has obtained all approvals from the relevant sector departments," stressing "the Kirkuk administration's support for the investing company that will implement the project."

He continued that "Kirkuk Governorate will witness a radical transformation in the oil sector, as it will achieve self-sufficiency in petroleum derivatives, and the project will be implemented using high technologies and specifications, with full consideration of environmental determinants to ensure the safety of society and preserve the environment." link

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