“Tidbits From TNT” Tuesday Morning 2-4-2025

TNT:

Iraqi Oil: Starting to deliver Kurdistan’s production to SOMO.. Procedures with Türkiye for export via Ceyhan

Iraqi Oil Minister Hayan Abdul Ghani announced on Monday, February 3, 2025, the start of procedures to deliver Kurdistan Region oil to the marketing company "SOMO", while indicating that there are government procedures towards exporting oil through the port of Ceyhan.

Abdul Ghani said in a press statement followed by "Al-Jabal", "The Ministry of Oil began its movements with the regional government by sending an official letter to deliver oil in a legal manner to the marketing company (SOMO)."

He pointed out that "there are procedures with the Turkish government to prepare the Iraqi-Turkish pipeline to export oil through the port of Ceyhan. 

Abdul Ghani explained that "the specified quantities are not less than 300 thousand barrels per day of the region's oil, delivered to the federal Ministry of Oil, to be exported via the Iraqi-Turkish pipeline link

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Tishwash:  Iraq and Jordan discuss work stages in joint border economic city

Prime Minister Mohammed Shia Al-Sudani received today, Monday, the Minister of Industry, Trade and Supply in the Hashemite Kingdom of Jordan, Yarub Al-Qudah, who confirmed the Jordanian government's support for Iraq's efforts to host the Arab Summit in Baghdad, scheduled for this year.

During the meeting, according to a statement by the Prime Minister's Office, a copy of which was received by {Euphrates News}, "the bilateral relations between the two countries were discussed, and ways to strengthen them in various economic and commercial fields, in addition to discussing mechanisms for developing industrial and commercial cooperation between Iraq and Jordan, in light of the work of the Iraqi-Jordanian Joint Trade Committee, as well as confirming cooperation between the Jordanian and Iraqi private sectors."

The meeting touched on the stages of work in the joint border economic city between Iraq and Jordan, which aims to enhance economic integration, stimulate investments and activate partnership, and the returns and benefits it will achieve for the two countries, especially with the continuation of work on the development road project, with its strategic axes and projects. link

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Tishwash:  To discuss military and strategic files.. A "high-ranking" American official will visit Baghdad soon

An Iraqi government official reported on Monday that a high-ranking American official is about to visit Baghdad soon, and that preparations are underway for the visit, noting that the official will discuss the American presence in Iraq and the structuring of the relationship between the two countries. 

The official told Shafaq News Agency, "Special preparations are now underway for a visit by a high-ranking American official to Baghdad in the coming period." 

The official pointed out that "the file of the American presence in Iraq will be discussed in parallel with adjusting the rhythms of the region, in line with the recent changes in Syria, Lebanon and Gaza." 

He said, "The American official will discuss the mechanism for restructuring the relationship between the United States of America, in addition to understandings in the areas of security and defense, along with files related to the US Federal Reserve." 

It is noteworthy that Baghdad and Washington announced months ago an agreement stipulating the withdrawal of the US-led international coalition forces by September 2025.

The Washington Post quoted an Iraqi official as saying that he expected Iraq to request an extension of the stay of US forces, in light of the recent developments in the region following the fall of the Assad regime in Syria.

Since mid-October 2023, armed factions began targeting American bases in Iraq, coinciding with the Gaza War, as the factions announced that their targeting of American forces was in response to American support for Israel.

The previous escalation between the armed factions and America witnessed military responses from Washington, the latest of which was the bombing of the city of Al-Qaim, adjacent to the Syrian border. The US Central Command confirmed at the time that its forces launched air strikes in Iraq and Syria targeting sites of the Quds Force of the Iranian Revolutionary Guard Corps and its affiliated faction groups.

The command said that the US military forces struck more than 85 targets with many aircraft, including long-range bombers, launched from the United States.

The American responses to the targeting of the armed factions also included assassinations of leaders of those factions in the center of the capital, Baghdad, using guided and accurate missiles. link

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Mot: . Sooooo Many ""Helpful Hints"" Ya gets frum da Internet!!! 

Mot: and as Ya Season! - ""The Senility Prayer""

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

Good Evening Dinar Recaps,

CBOE TO LAUNCH 24-HOUR STOCK TRADING

Traditional exchanges are seeking to expand trading hours as 24/7 onchain trading gains momentum.

Cboe Global Markets, one of the world’s largest derivatives and securities exchanges, has tipped plans to roll out 24-hour per day trading on weekdays, according to a Feb. 3 announcement.

The planned change “aims to meet growing global customer demand for expanded access to U.S. equities markets,” the exchange said. It comes as real-world asset (RWA) tokenization platforms increasingly offer a 24/7 alternative to traditional securities markets.

“We continue to hear from market participants globally – particularly those in Asia Pacific markets like Hong Kong, Japan, Korea, Singapore and Australia – that they want greater access to U.S. equities trading,” Oliver Sung, Cboe’s head of North American equities, said in a statement.

Sung said Cboe’s experience operating 24-hour exchanges in other markets means the exchange “can seamlessly support a 24x5 trading model for U.S. equities.” It plans to support 24-hour trading Monday through Friday, but not on weekends.

Cboe already offers nearly round-the-clock trading hours for certain derivatives, including S&P 500 Index options, and for its global forex markets.

Demand for extended trading hours

Other traditional US equities exchanges are also seeking to deliver round-the-clock trading for clients. In August, 24X National Exchange filed an amended application to US regulators to launch a securities exchange that could potentially bring 24/7 trading to cryptocurrency exchange-traded funds (ETFs).

In the US, spot cryptocurrency exchanges such as Coinbase operate continuously, but securities exchanges — where crypto ETFs are traded — only handle trades between 9:30 am and 4:00 pm Eastern Time.

Meanwhile, RWAs — tokens representing claims on assets such as stocks, bonds or real estate — surged in popularity after US President Donald Trump’s November election win ushered in a friendlier regulatory environment for cryptocurrencies.

Decentralized exchanges (DEXs) on blockchain networks enable 24/7 trading of RWA tokens

On Feb. 3, RWAs reached a cumulative all-time high of more than $17.1 billion across over 82,000 total asset holders, excluding the value of stablecoins, according to data from RWA.xyz.

RWAs could grow more than 50-fold by 2030, according to a Tren Financial report, which compiled predictions from financial institutions and consulting firms. They represent a $30-trillion market opportunity globally, Colin Butler, Polygon’s global head of institutional capital, told Cointelegraph in an interview.

The most popular RWA funds are the tokenized money market funds Hashnote Short Duration Yield Coin (USDY), BlackRock USD Institutional Digital Liquidity Fund (BUIDL) and Franklin OnChain US Government Money Fund (FOBXX). Tokenized money market funds collectively command more than $3 billion as of Feb. 3, according to RWA.xyz.

On Jan. 30, private equity firm Apollo Global Management said it had partnered with Securitize to launch a tokenized private credit fund.

@ Newshounds News™

Source:  CoinTelegraph

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COINBASE CLO TO TESTIFY IN OPERATION CHOKEPOINT 2.0 HEARING

The first Operation Chokepoint 2.0 hearing is set to hold soon with Coinbase CLO Paul Grewal among the listed testifies

▪️Coinbase CLO to participate in Operation Chokepoint 2.0 hearing

▪️Anchorage and MARA Holdings CEO also joins the witness list

▪️Industry proponents sees the Chokepoint investigation as a major win

Paul Grewal, Coinbase Chief Legal Officer (CLO) is one of the testifiers at the forthcoming Operation Chokepoint 2.0 hearing with the Senate Banking Committee. Billed to take place later this week, Grewal will join other experts includes MARA Holdings CEO Fred Thiel in testifying against the crackdown on the crypto industry.

Operation Chokepoint 2.0 Hearing Witness List

It is worth noting that the hearing regarding the Operation Chokepoint 2.0 claims will be conducted by both the House and Senate respectively. As shared in an X post, the Coinbase CLO features in the witness list for both hearing set for February 6.

Besides Grewal, WSPN CEO Austin Campbell, Fred Thiel will participate in the House Financial Services Committee hearing. Per the update from, the lawmakers noted that more witnesses may still be added to the list.

For the Senate Banking GOP hearing, Nathan McCauley, the founder and CEO of Anchorage Digital will also take part in the hearing. In addition, Stephen Gannon from Davis Wright Tremaine LLP, Mike Ring from Old Glory Bank and Aarond Klein from the Brookings Institution will also take part.

As the Coinbase CLO noted, the lawmakers’ hearing will conduct an “oversight hearing looking into the past clandestine and undemocratic campaign to cut off crypto from banking.”

Coinbase CLO and Industry Leaders Have a Lot to Say

Just like Anchorage Digital, Coinbase also suffered from the impacts of the Operation Chokepoint 2.0. Over the past few weeks, the exchange has uncovered Letters from the US FDIC that shows the role played by the Federal Deposit Insurance Commission (FDIC) in the chokepoint agenda.

Per the content of the unredacted documents, the FDIC instructed banks to cut financial services for the crypto industry. With Paul Grewal running the legal team that got these unredacted files from FDIC in a legal battle, he might shed many insight in the hearing.

Anchorage Digital also potentially faced the Operation Chokepoint as a broad-based financial services provider in the industry. With claims of crackdown in the Bitcoin mining sector, Fred Thiel may also be an invaluable witness in the hearing.

Operation Chokepoint 2.0: Promises Kept

Prior to his election victory, President Donald Trump promised that the war on crypto will be over under his tenure. The appointed Crypto and AI Czar Davids Sacks promised to probe Chokepoint claims from industry leaders.

Also, Rep French Hill also made similar promises in December with confirmation that Reps will investigate the claims in January. Crypto proponents have celebrated the move by the current administration to check regulatory agencies’ excesses.

@ Newshounds News™

Source:  CoinGape

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ONDO FINANCE LAUNCHES ONDO NEXUS TO EXPAND TOKENIZED TREASURY

Ondo Finance has introduced Ondo Nexus, a new initiative aimed at enhancing liquidity for tokenized Treasuries through expanded issuer partnerships and 24/7 redemption capabilities.

The Nexus leverages OUSG’s instant minting and redemption features to provide third-party issuers with improved liquidity for tokenized Treasuries, or “yieldcoins.”

The initiative expands OUSG’s backing to include tokenized Treasuries from Franklin Templeton, WisdomTree, Wellington Management, and Fundbridge Capital.

Additionally, Ondo Nexus integrates liquidity from existing partners like BlackRock and PayPal.

Nathan Allman, CEO of Ondo Finance, said that Ondo Nexus represents a significant advancement in tokenized Treasuries and the broader real-world asset category, emphasizing that by diversifying eligible collateral, they are developing modular infrastructure that enables shared redeemability of tokenized Treasuries to stablecoins across various products.

Ondo Finance is the only tokenized Treasury provider offering 24/7 redemptions at no cost to investors. Currently, OUSG allows redemptions against USDC, with PayPal USD expected to be added soon.

Ondo Nexus will enable seamless redemption of tokenized Treasuries from partner issuers into various stablecoins, further enhancing the asset class’s liquidity and utility.

The tokenized Treasuries sector has grown rapidly, surpassing $3 billion in total value locked in 2024. With Ondo Nexus, Ondo Finance aims to strengthen onchain financial infrastructure, bridging the gap between traditional finance and decentralized finance.

@ Newshounds News™

Source:  Crypto News

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Thank you Dinar Recaps

“Tidbits From TNT” Monday Morning 2-3-2025

TNT:

Tishwash:  Prime Minister stresses Iraq's aspiration for more integration in economic and trade relations with the Sultanate of Oman

Prime Minister Mohammed Shia Al-Sudani stressed Iraq's aspiration for more integration in economic and trade relations with the Sultanate of Oman.

A statement by his media office said: "Al-Sudani received, today, Sunday, the Omani Minister of Commerce, Industry and Investment Promotion Qais bin Mohammed Al-Yousef, and his accompanying delegation."

During the meeting, according to the statement, relations between the two countries and ways to consolidate cooperation in various sectors, especially the economic and trade field, were discussed in a way that enhances the level of partnership and exchange, and confronts economic challenges in the region. "Al-

Sudani welcomed the guest minister, stressing Iraq's aspiration for more integration in economic and trade relations with the Sultanate of Oman, pointing to the resources of development in the Iraqi investment environment, especially after the comprehensive reforms it has witnessed."

For his part, Al-Yousfi conveyed the greetings of Sultan of Oman Haitham bin Tariq to Al-Sudani, reiterating his country's desire to increase cooperation in various fields.   link

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Tishwash:  Parliamentary Finance Committee "explodes a surprise" regarding the cost of extracting oil from the Kurdistan Region

The Finance Committee of the Iraqi Council of Representatives said on Sunday that the vote on amending the general budget law is related to the proposal sent by the federal government to the council. While it explained that the cost of extracting oil is $16 and is not fixed, but may reach $22, it confirmed that stopping the export of the region's oil led to the federal government losing more than $14 billion.

Committee member, Ikhlas al-Dulaimi, told Shafaq News Agency, "The House of Representatives voted today to amend the general budget law, and the vote was on the proposal sent by the government to the House."

Al-Dulaimi explained that “the cost of extracting oil in the Kurdistan Region, according to the amendment, is $16 per barrel, and the cost is not fixed, as there will be a consulting company that will determine the actual cost of extracting oil, and it may reach $22 per barrel, and according to this cost, the federal government will be obligated to pay it to the Kurdistan Region.”

She explained that, "according to the budget amendment, the region's oil will be delivered to SOMO, which will be responsible for selling the oil abroad," noting that "the halt in oil exports was not due to the region, but rather it was due to the federal Ministry of Oil filing a lawsuit against the Ministry of Oil in the region, which caused the halt in oil exports, and this led to the federal government losing more than 14 billion dollars."

Today, Sunday, the Iraqi Council of Representatives voted on the draft law amending the first law of 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 "violates the law and the internal regulations of the council due to the lack of a legal quorum."

Majeed explained that "the number of present representatives 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  link

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Tishwash:  Al-Sudani and Masrour Bazani welcome the passage of the budget law amendment: a responsible step

Iraqi Prime Minister Mohammed Shia al-Sudani welcomed, on Sunday, the passing of the amendment to the financial budget law, while considering the vote on the law a "responsible step."

Bassem Al-Awadi, the spokesman for the Iraqi government, said in a statement received by Shafak News Agency, "Al-Sudani expresses his appreciation for the responsible and constructive step taken by the esteemed House of Representatives, by approving the amendment to the Federal General Budget Law of the Republic of Iraq for the fiscal years 2023-2024-2025, Law (13 of 2023), according to the text of the amendment received from the Council of Ministers . "

According to the statement, Al-Sudani thanked the Speaker of the House of Representatives, the First Deputy Chairman of today's session, the Second Deputy Chairman, and the heads of the parliamentary blocs, for their understanding and support of the government's vision, which has continued to implement its program according to the priorities previously approved by the people's representatives, which meet the aspirations of the Iraqi people.

He added that "voting on the amendment according to the text approved by the Council of Ministers confirms the political stability and the state of understanding that characterizes this stage, and also reflects the high cooperation between the government and the House of Representatives to continue working together, in order to continue the momentum of the wheel of development, reconstruction and reform, which has started and will not stop, as the government continues to work to confront problems and challenges with a sense of responsibility and based on the supreme interests of Iraq."

According to the statement, Al-Sudani called on both "the Kurdistan Regional Government of Iraq, with its specialized institutions, and the Federal Ministry of Oil, to immediately begin and work on this amendment, in order to optimally invest in natural resources, especially oil wealth, and let this wealth be a factor in supporting stability, and a motive for further achievement of plans and programs that meet the needs of our honorable people . "

In turn, the Prime Minister of the Kurdistan Regional Government, Masrour Barzani, welcomed the passage of the amendment to the budget law.

Barzani wrote in a tweet on the X website, "We welcome the vote of the Federal Council of Representatives today to amend the Federal General Budget Law, and we commend all those who contributed to the success of this amendment. We also thank the negotiating team in the regional government for its efforts in developing a mechanism to resolve the issue of salaries."

He expressed his hope that "this positive step in amending the budget law will be the beginning of solving all other problems, and the federal government's commitment to sending salaries and financial dues to the Kurdistan Region."

Earlier today, Sunday, the Iraqi Council of Representatives voted on the draft law amending the first law of the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023 - 2024 - 2025) No. (13) of 2023link

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Mot: ...... Or - NOT!!!!

Mot: Thanx!!! --- He Took Care of it - He Dids!!!! 

More News, Rumors and Opinions Monday PM 2-3-2025

KTFA;

CalandLQ: Hi Family! IMO, I find FA #4999, (Passing of the Budget amendment)  to be just what Frank and WS said, but there are some who still don’t seem to understand what’s unfolding right before our eyes. So, to the few, I hope you find the following to be helpful and IMO. 

The Iraqi Parliament’s approval of the first amendment to the Federal General Budget Law for the fiscal years 2023-2025 carries significant implications for the country’s citizens.

A key aspect of this amendment is the resolution of longstanding disputes between the federal government in Baghdad and the Kurdistan Regional Government (KRG) regarding oil revenue sharing

Resumption of Oil Exports:  The amendment facilitates the resumption of oil exports from the Kurdistan Region, which had been halted since March 2023 due to legal disputes.

Under the new agreement, the KRG will supply 400,000 barrels of oil daily to the State Organization for Marketing of Oil (SOMO), ensuring a structured mechanism for revenue generation and distribution.

Economic Impact: By resolving these disputes and resuming oil exports, the amendment is expected to bolster Iraq’s overall oil production and export capacity. This increase in revenue can enhance the government’s ability to fund public services, infrastructure projects, and social programs, directly benefiting citizens across the country.

Equitable Revenue Sharing: The agreement delineates mutual obligations between the federal and regional governments. While the Kurdistan Region commits to specific oil quotas, Baghdad is mandated to fulfill its financial commitments, ensuring that Kurdistan receives its allocated budget entitlements. This aims to establish stability and transparency in the oil revenue-sharing process, reducing long-standing disputes.

 Political Stability: The successful negotiation and passage of this amendment demonstrate a commitment to cooperation between Baghdad and Erbil. This collaboration can lead to greater political stability, which is crucial for attracting foreign investment, improving security, and fostering a more predictable environment for economic development.

 In summary and again all IMO, the amendment’s approval is a positive development for Iraqi citizens, promising economic growth, improved public services, and enhanced political cohesion.  

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Clare:Erbil and Baghdad reach a "final agreement" on employee salaries

2/3/2025

The Ministry of Finance in the Kurdistan Regional Government announced, on Monday evening, that it had reached a final agreement with the federal government to resolve the issue of salaries of the region's employees.

The ministry stated in a statement received by Shafaq News Agency, "After 15 days of continuous work between the technical delegations of the Ministry of Finance in the Kurdistan Region and the Ministry of Finance in the federal government to solve technical problems, implement requests, and prepare tables for the list of salaries of employees, retirees, military personnel, and security forces in Kurdistan, a final agreement was reached on employee salaries for the year 2025."

She added, "Meanwhile, in a meeting held today, Monday, in the Iraqi Economic Council building, a delegation from the Kurdistan Regional Government met, headed by the Minister of Finance and Economy, Awat Sheikh Janab, and attended by the Chief of Staff of the Council of Ministers in the Kurdistan Region, Omed Sabah."

She continued, "The Kurdistan Regional Government delegation thanked the Iraqi Prime Minister, Mohammed Shia al-Sudani, the Deputy Prime Minister, Fuad Hussein, the Head of the Kurdistan Regional Government's Representation in Baghdad, Khalida Hadi Shawshli, and the Minister of Finance in the Federal Government, Taif Sami, for their efforts, assistance, coordination and support to reach an agreement on the dues of the Kurdistan Regional Government employees."

The ministry indicated that "on the other hand, the Kurdistan Regional Government delegation thanked the Presidency of the Iraqi Council of Representatives and the various blocs in the Iraqi Council of Representatives for their cooperation and support for approving the budget amendment, especially the items related to oil exports."

The ministry confirmed that "the technical teams of the Ministry of Finance in the Kurdistan Region are completing the procedures for sending the salaries for the month of January 2025, and it is expected that the amounts will be deposited into the bank account of the Ministry of Finance."

It is noteworthy that the negotiating delegation of the Kurdistan Region confirmed in all meetings its readiness to continue implementing the obligations that fall on the shoulders of the Kurdistan Region, in order to avoid repeating the problems of last year.  LINK

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

Frank26  What did we need for the monetary reform to realize its new exchange rate?  ...What do we need in  order for the new exchange rate to come out?  Article quote "Our message at the United Nations is very clear, the message is Iraq  is now stable and secure...We wish this country all the best and prosperity and all that is good and beneficiary for this country  and the people of this ancient country."  You know darn well they're about to release a new exchange rate, you want money don't  you?  ...This is amazing!   

Fnu Lnu  When a currency is in a basket of currencies, as in IMF / World Bank, a currency can only deviate 2% up or down in a 90 day period. Go to the website and look it up. Plus, it has been stated in plain English, numerous times, by the CBI, that the old and new currency will coexist for 10 years. When the Dinar goes on the FOREX, you can exchange at any time you wish, wait as long as you wish, until the currency you hold is cancelled...which will be 10 / TEN / Diez...YEARS ...Capice'? 

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The US Dollar has NEVER been in more danger of Collapse - here’s why

The Jay Martin Show:  2-3-2025

Jay Martin hosts a panel at the VRIC 2025 with Danielle DiMartino Booth, Mark Moss, and David Rosenberg on capital allocation in 2025. They discuss consumer pressure, expected Fed rate cuts, government deficit spending, and geopolitical risks. Moss sees short-term volatility but a bullish long-term outlook, while Rosenberg warns of economic uncertainty and Trump's proposed Canada tariffs. The panel emphasizes defensive investments, commodities, and Bitcoin in a shifting monetary landscape.

0:00 - Intro

5:26 - Market Liquidity and Risks in Q1 2025

9:00 - Economic Uncertainty and Fiscal Stimulus

15:23 - Impact of Potential U.S. Tariffs on Canada

21:12 - Trump's Economic Policies and Market Impact

24:07 - Defensive Investment Strategies for 2025

25:48 - Portfolio Allocation: Offense vs. Defense

https://www.youtube.com/watch?v=hqA77hn1Gx8

Gold, Silver & Sound Money Legislation Is Surging—More States Are Opting In | Jp Cortez

Gold, Silver & Sound Money Legislation Is Surging—More States Are Opting In | Jp Cortez

Gold and silver are gaining momentum in state legislatures across the U.S. as more states move to eliminate taxes, recognize precious metals as legal tender, and establish bullion reserves.

Jp Cortez, Executive Director of the Sound Money Defense League, breaks down the latest developments in sound money legislation, why states are de-dollarizing, and how Trump’s return to the White House could impact monetary policy.

 With inflation fears, central bank uncertainty, and growing distrust in fiat currencies, states are taking action.

Will we see a return to gold and silver-backed money?

Cortez shares his insights on the future of sound money and what it means for investors.

Key Topics:

-The biggest legislative wins for gold and silver in 2024

 -Why more states are opting into sound money policies in 2025

-Will Trump’s administration support gold-backed currency?

 -The push for a U.S. gold audit—what’s really in Fort Knox?

 -How state governments are moving to protect wealth from inflation

00:00 Introduction

00:31 Sound Money Policy Developments

01:04 State Legislation and Momentum

 02:19 Federal Actions and Trump's Role

04:53 Bitcoin and De-dollarization

 06:47 State-Level Sound Money Initiatives

 10:11 Future of Sound Money in 2025

13:04 De-dollarization Trends and Global Impact

15:37 Upcoming State Legislation

17:37 Conclusion

https://www.youtube.com/watch?v=jDXgUW_1m-E

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

Good Afternoon Dinar Recaps,

 IT'S DONE Article 2 - This law shall be implemented from the date of its publication in the Official Gazette.

THE LAW PDF attached
In the name of the people

Presidency

Based on what was approved by the House of Representatives and ratified by the President of the Republic based on the provisions of Clause (First) of Article 61 and Clause (Third) of Article 73 of the Constitution.

*****
The following law was issued:

No. ( ) for the year 2024

The First Amendment Law to the Federal General Budget Law of the Republic of Iraq

For the fiscal years (2023 - 2025 - 2027) No. (13) of 2023
                                                     
Article 1 - The text of Paragraph (c) of Clause (Second) of Article 12 of the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023 - 2025 - 2025) No. 13 of 2023 shall be cancelled and replaced by the following:

C - 1. The Federal Ministry of Finance shall compensate the Kurdistan Regional Government from sovereign expenses for the costs of production and transportation of the quantities of oil produced in the region that are received by the State Oil Marketing Company (SOMO) or the Federal Ministry of Oil in accordance with paragraphs (a, b) of this clause, provided that the fair estimated costs of production and transportation for each field separately are calculated by a specialized international technical consulting body determined by the Federal Ministry of Oil in agreement with the Ministry of Natural Resources in the region, within a period of (60) sixty days from the date of entry into force of this law, and in the event of failure to reach an agreement within the aforementioned period, the Federal Council of Ministers shall determine the aforementioned consulting body.

The technical advisory body referred to in (1) of this paragraph shall submit the estimated cost of production and transportation to the Federal Ministries of Finance and Oil and the Kurdistan Regional Government, and it shall be approved for the purposes of this law. The compensation referred to in (1) of this paragraph shall be calculated based on the aforementioned cost per barrel multiplied by the number of barrels received in accordance with paragraphs (a, b) of this item, and the Federal Ministry of Finance shall undertake to pay the amounts to the Kurdistan Regional Government.

Immediately begin delivering the oil produced in the region to the State Oil Marketing Organization (SOMO) or the Federal Ministry of Oil in accordance with paragraphs (a) and (b) of this clause, and the costs of production and transportation shall be compensated by the Federal Ministry of Finance as advances, at a rate of $16 per barrel, which shall be

Article 2 - This law shall be implemented from the date of its publication in the Official Gazette.

It shall be settled later after the specialized technical advisory body referred to in (1) of this paragraph has completed its work, and retroactively from the date of commencement of delivery pursuant to this amendment.

Positive reasons

For the purpose of appointing a specialized international technical advisory body to work on calculating the fair estimated costs of producing and transporting oil produced in the Kurdistan Region and for each field separately, preserving the national wealth, enhancing actual federal revenues, and enabling the State Oil Marketing Company (SOMO) to make optimal use of and diversify export outlets.

This law was enacted

@ Newshounds News™

Source:  Shafaq

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TRUMP ORDERS CREATION OF US SOVEREIGN WEALTH FUND, SAYS IT COULD OWN PART OF TIKTOK

WASHINGTON (AP) — President Donald Trump on Monday signed an executive order directing the U.S. to take steps to start developing a government-owned investment fund that he said could be used to profit off of TikTok if he’s successful at finding it an American buyer.

Trump signed an order on his first day office to grant TikTok until early April to find an approved partner or buyer, but he’s said he’s looking for the U.S. to take a 50% stake in the massive social media platform. He said Monday in the Oval Office that TikTok, which is owned by China-based ByteDance, was an example of what he could put in a new U.S. sovereign wealth fund.

“We might put that in the sovereign wealth fund, whatever we make or we do a partnership with very wealthy people, a lot of options,” he said of TikTok. “But we could put that as an example in the fund. We have a lot of other things that we could put in the fund.”

Sovereign wealth funds invest in assets, such as stocks, bonds and real estate. They are typically funded by a country’s budgetary surpluses, which the U.S. currently does not have.

Trump noted many other nations have such investment funds and predicted that the U.S. could eventually top Saudi Arabia’s fund size. “Eventually we’ll catch it,” he promised. Countries like Norway also have a similar fund.

@ Newshounds News™

Source:  AP News

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GOLD AND CURRENCY REVALUATION STRATEGY

Why does Gold need to revalue before the currency dilemma can be fixed? Will the price of gold affect the crypto market?

@ Newshounds News™

Source:  CryptoLedger

~~~~~~~~~

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

Traceable, Credible Gold for Saudi Arabia

Traceable, Credible Gold for Saudi Arabia

Kitco News:  2-3-2024

Saudi Arabia is undergoing a significant economic transformation, moving beyond its traditional reliance on oil and gas. A key element of this diversification strategy is the development of its mining sector, with the Kingdom aiming to establish itself as a major player in the global mineral supply chain and, more specifically, a “global intermediary” in the critical minerals market.

 This ambition was highlighted in a recent interview conducted by Kitco’s Senior Mining Editor and Anchor, Paul Harris, with His Excellency Bandar Alkhorayef, Minister of Industry and Mineral Resources of Saudi Arabia, on the sidelines of the Future Minerals Forum in Riyadh.

The interview offered insights into the Kingdom’s bold plans to leverage its mineral wealth and establish itself as a vital hub in the rapidly evolving landscape of critical minerals.

Saudi Arabia sees mining as the third industrial pillar, standing alongside oil and gas and petrochemicals, a significant shift in focus for the nation. This strategic move is underscored by the fact that the Kingdom has identified a staggering $2.5 trillion in mineral resources, a figure that has already garnered significant international attention and investment interest.

Saudi Arabia’s geographical location is crucial to their strategy. Positioned at the heart of the fastest-growing region globally, the Kingdom aims to become a central mining hub connecting various global markets.

However, their ambition extends beyond simply extracting and exporting minerals. The Kingdom seeks to play a more nuanced role as a “global intermediary,” navigating complex geopolitical tensions while simultaneously building its capacity to produce and process critical minerals. This means fostering international collaboration and forging partnerships with companies and countries from around the world, irrespective of political differences.

This approach is particularly significant in the context of the global demand for critical minerals, which are essential for the development of clean energy technologies, electric vehicles, and various other modern industries. By positioning itself as a neutral intermediary, Saudi Arabia hopes to facilitate a more secure and stable supply chain, mitigating potential disruptions and ensuring a more equitable distribution of these vital resources.

The interview also shed light on Saudi Arabia’s specific mineral resources. While the $2.5 trillion figure encompasses a diverse range of minerals, gold is a key focus.

The Kingdom currently holds the 15th largest gold reserves in the world and is actively working towards increasing its gold refining capacity. This move not only aims to maximize the value of their own gold reserves but also positions Saudi Arabia as a potential processing hub for gold from other regions.

Beyond resource extraction and production, Saudi Arabia emphasizes its commitment to responsible mining practices. This includes prioritizing environmental sustainability, community engagement, and implementing ethical labor standards. This approach is crucial for ensuring that mining activities contribute to the country’s long-term development goals and do not negatively impact the environment or local populations.

In conclusion, Saudi Arabia’s ambition to become a “global intermediary” in the development of critical minerals is a key component of its broader economic diversification strategy. By leveraging its significant mineral resources, geographical location, and a commitment to international collaboration and responsible mining, the Kingdom is positioning itself as a crucial player in the future of the global mineral supply chain.

This marks a significant shift, not only for the Saudi economy but also for the global landscape of critical mineral development, offering a potentially more balanced and stable approach to this increasingly important sector.

https://youtu.be/RRDiJAVUmQc

News, Rumors and Opinions Monday 2-3-2025

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 3 Feb. 2025

Compiled 3 Feb. 2025 12:01 am EST by Judy Byington

What We Think We Know as of Sun. 2 Feb. 2025:

Sun. 2 Feb. 2025: The US Inc. Corporation is Bankrupt, along with it’s privately owned Federal Reserve and IRS, which have for years been functioning on a fiat US Dollar.

Sun. 2 Feb. 2025: The new Restored Republic has a Second Declaration of Independence, along with the US Gold to support it stored in the new US Treasury near Reno, Nevada. The BRICS nations have instigated a Global Currency Reset.

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Global Currency Reset and NESARA/GESARA Debt. Jubilee:

Mon. 3 Feb: Set RV for Mon. 3 Feb: Iraqi Dinar Congratulation Donald Trump Sent the Date For RV 3rd Feb Today Updates & RV News

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 which would be accompanied by Ten Days of Worldwide Communication Darkness.

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.

Sun. 2 Feb. 2025: BOOM! BANKRUPT U.S. CORPORATION: Trump Restores the Republic, Jan Halper-Hayes, the Vatican, and “We Have the Gold!” – amg-news.com – American Media Group

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

Global Financial Crisis:

Sun. 2 Feb. 2025: PROJECT ODIN: Starlink, Disclosing the Quantum Revolution, NESARA GESARA, and the Biblical Fall of Global Control with Rods of God – amg-news.com – American Media Group

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

Restored Republic:

Global Currency Reset in progress.

Worldwide gold-asset backed Quantum Financial System Activated.

Read full post here:  https://dinarchronicles.com/2025/02/03/restored-republic-via-a-gcr-update-as-of-february-3-2025/

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

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

Mnt Goat   President Trump...has now taken on the issues involving Iraq. This is a very good for us investors as we all know the value of the dinar has been greatly suppressed due to corruption and stalling...Yes, we all know and so does the CBI that this needs adjustment. The adjustment is coming but it will take political willpower to do it.

Frank26   The East [Middle East bank owner contacts] were willing to talk to us and tell us we see those lower notes in those [January article] pictures.  Yeah they're using the 3 zero notes.  We asked why are they using the 3 zero notes, why don't they show them the real lower notes?  They said because the real lower notes are going to look like the ones they got now.  What?  Yeah, they're just going to drop the zeros, the colors and the shape will still be the same.  The only one that will be different will probably be the 25.  It will be smaller and it'll be a 20.  It's hard to get information but what little bit we've got is just so encouraging.

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

The Great Melt-Up Accelerates: Engineering the Endgame Against You

Taylor Kenny:  2-3-2025

The Great Melt-Up is here, and it's accelerating faster than anyone expected. Inflation is rising, debt is exploding, and the government is manufacturing a crisis to justify unlimited money printing—leading us straight to hyperinflation and a Currency Reset.

CHAPTERS:

00:00 - The Great Melt-Up Explained

01:08 - The National Debt Crisis

02:47 - Two Government Choices: Deflation or Hyperinflation

04:33 - Why the Government Will Choose Hyperinflation

06:55 - How They Will Manufacture a Crisis

 09:02 - The Coming Currency Reset

https://www.youtube.com/watch?v=ScRc_A1i8Ds

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

~~~~~~~~~

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

~~~~~~~~~

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

~~~~~~~~~

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

~~~~~~~~~

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

 ~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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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

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

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.

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

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

~~~~~~~~~

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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