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Seeds of Wisdom RV and Economic Updates Friday Afternoon 2-7-25
Good Afernoon Dinar Recaps,
HOUSE REPUBLICANS PUSH FORWARD ON STABLECOIN REGULATION WITH NEW DRAFT BILL
▪️Earlier in the week, Sen. Bill Hagerty, R-Tenn., introduced a bill to regulate stablecoins.
▪️The House’s draft version will be brought up in a hearing next week.
House Financial Services Committee Republican Chair French Hill, R-Ark., released draft legislation to regulate stablecoins as U.S. lawmakers forge ahead on rules for those assets.
Good Afernoon Dinar Recaps,
HOUSE REPUBLICANS PUSH FORWARD ON STABLECOIN REGULATION WITH NEW DRAFT BILL
▪️Earlier in the week, Sen. Bill Hagerty, R-Tenn., introduced a bill to regulate stablecoins.
▪️The House’s draft version will be brought up in a hearing next week.
House Financial Services Committee Republican Chair French Hill, R-Ark., released draft legislation to regulate stablecoins as U.S. lawmakers forge ahead on rules for those assets.
Hill, alongside Rep. Bryan Steill, R-Wis., posted a discussion draft for stablecoins on Thursday, which builds on work done over the years in the House Financial Services Committee.
Steil leads that committee's digital asset-focused panel. Hill and Steil are seeking feedback on the draft, which will be brought up in a hearing next week in the House Financial Services Committee.
“By implementing a clear regulatory structure for payment stablecoins, we can support continued innovation, bolster the U.S. dollar’s position as the world’s reserve currency, and protect consumers and investors," Steil said in the statement.
"I look forward to getting feedback from consumers, issuers, and stakeholders on this draft legislation as we work to provide clear rules of the road for this innovative technology.”
Lawmakers have been working to pass a stablecoin bill for years, with work focused primarily in the House. Now retired former House Financial Services Committee Chair Patrick McHenry, R-N.C., was working with top Democrat Maxine Waters, D-Calif, to create a regulatory framework for stablecoins since 2022. A sticking point for that bill was a provision that allows state regulators to approve stablecoin issuances without Federal Reserve input.
The discussion draft differs slightly from the previous stablecoin bill. For example, it gives the Office of the Comptroller of the Currency the authority to "approve and supervise federally qualified nonbank payment stablecoin issuers " instead of including a federal path through the Federal Reserve for "payment stablecoin issuers."
Work on the Senate side
Earlier in the week, Sen. Bill Hagerty, R-Tenn., introduced a bill to regulate stablecoins called the "Guiding and Establishing National Innovation for US Stablecoins" ahead of a press conference on Tuesday where lawmakers announced they would be forming a working group to write rules for crypto and stablecoins. That working group included members from the House Financial Services Committee, Senate Agriculture Committee, House Agriculture Committee and the Senate Banking Committee.
Senate Banking Committee Chair Tim Scott, R-S.C., highlighted the need to keep innovation in the U.S. while protecting consumers and working on financial inclusion.
"That’s why I’ve led stablecoin legislation with my colleagues in the Senate, and I look forward to working with Chairman Hill and our House counterparts to advance a solution to President Trump’s desk," Scott said.
The discussion draft is not a companion to Hagerty's bill, but Hill and Steil said both show an effort among Republicans to work on key issues.
"Both approaches represent an effort among Republicans to provide the robust protections and transparency consumers expect, provide for federal and state pathways for stablecoin issuance, and secure the United States as the leader in digital finance," they said.
@ Newshounds News™
Source: The Block
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A THIRD OF ALL US STATES NOW EXPLORING BITCOIN, CRYPTO FOR PUBLIC FUNDS
Utah stands out as the state closest to a potential implementation. Its bill would authorize the allocation of 5% to "qualifying digital assets."
A growing wave of U.S. states are pursuing legislation to establish strategic Bitcoin reserves or enable crypto investments for public funds, opening a shift in state-level fiscal policy.
Out of 50 U.S. states, 16 have ongoing legislative considerations and varying statuses.
Utah stands out as the state closest to a potential implementation.
The state's Blockchain and Digital Innovation Amendments bill was passed and recommended on third reading by the Economic Development and Workforce Services Committee through the House, with a majority vote of 8 to 1 on January 28.
Utah's bill would authorize the state treasurer to allocate up to 5% of certain public funds to "qualifying digital assets," as long as they meet the main requirement of having over $500 billion in market capitalization, averaged over the past 12 months.
While the bill does not explicitly mention Bitcoin in its language, only Bitcoin categorically passes the core requirement in terms of market capitalization.
Dennis Porter, CEO of Satoshi Act Fund, pointed out this contention on X after Justin Bechler, a Bitcoin advocate, argued that Porter's characterization of the bill was misleading due to Utah's Money Transmitter Act.
On the Bitcoin trail
Though a total of 17 states have filed for similar proposals,North Dakota's proposal was notably rejected on February 4, according to data visualized by the Bitcoin Reserve Monitor.
Several other states are considering similar moves to allow Bitcoin or crypto for use in public funds.
State-level momentum continues building, with New Mexico becoming the latest entrant. Senator Anthony L. Thornton introduced the Strategic Bitcoin Reserve Act (SB275) on February 4, proposing a 5% allocation of public funds to Bitcoin.
Arizona's Senate Finance Committee has advanced similar legislation, passing SB1025 which would permit up to 10% of public funds, including pension systems, to invest in cryptocurrencies.
Wyoming and Massachusetts have also joined the race, with the latter opening its rainy day funds to be invested in Bitcoin or any digital asset for up to 10% of its stabilization fund.
Texas, meanwhile, has taken a different approach with dual proposals. The state has a Senate bill in the works that would allow up to 1% allocation from its general revenue fund balance.
It also has a separate House bill focused on Bitcoin donations, with provisions for crypto payment conversions to Bitcoin. So far, neither has advanced to law.
From Oklahoma and Missouri to New Hampshire, Pennsylvania, and Ohio, various states in the U.S. have either proposed or pending bills, with the legislative status of these bills across 16 participating states actively being tracked by Bitcoin Reserve Monitor.
@ Newshounds News™
Source: Decrypt
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SEC OFFICIALS INSTRUCTED TO SHRINK CRYPTOCURRENCY ENFORCEMENT TEAM: REPORT
The U.S. Securities and Exchange Commission (SEC) is reportedly downsizing a special unit of more than 50 lawyers and staff members tasked to bring crypto enforcement actions.
Citing five people familiar with the matter, The New York Times reports that a leading lawyer in the unit was pulled out from the enforcement division and some were assigned to other departments within the agency.
The crypto enforcement unit was created during the first Trump administration but it nearly doubled its size in 2022 under previous SEC chair Gary Gensler, who initiated a crackdown on the US crypto industry.
A recent tally reveals that the unit brought more than 100 crypto-related actions during the Biden administration.
It is not yet clear though if the shake-up will affect pending enforcement actions, which include a case involving Coinbase. The crypto exchange is charged with violating federal securities laws by operating an unregistered platform.
The report says some people think that the reorganization constitutes unfair demotion. Corey Frayer, who served as senior adviser to Gensler on crypto issues, also criticizes the SEC’s friendlier stance on digital assets.
“What the new SEC leadership proposes to do for crypto is remove the speed limits and guardrails that have made our capital markets the strongest in the world.”
@ Newshounds News™
Source: DailyHodl
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TRUMP’S ECONOMIC MOVES SHAKE THE CRYPTOCURRENCY MARKET
▪️The BTC price reacted negatively to Trump's comments.
▪️Trump's tariffs are causing turmoil in the cryptocurrency market.
▪️Next week promises further trade announcements impacting global economies.
BTC price dropped again while Trump was speaking. He is making statements regarding the trade war, viewing it as a weapon and leverage for improving the US economy.
The seriousness of the situation became evident recently. Although issues with Mexico and Canada were resolved temporarily, the new president is opening new fronts.
Trump and Cryptocurrencies
Trump’s arrival was fantastic for cryptocurrencies in terms of regulation. However, it is turning out to be disastrous for the global economy. Following China, Mexico, and Canada, he announced that there would be additional tariffs on Japan as well. Moreover, he promises much more. Trump mentioned that he would announce decisions on additional tariffs with several countries next week.
As the weekend approaches with low trading volume, Trump essentially dropped a bomb in the cryptocurrency space.
▪️I will talk with Putin.
▪️I will meet with the President of China.
▪️I will discuss the Nippon agreement with Ishiba.
▪️I will make an announcement regarding mutual trade next week.
▪️Tariffs on Japan are an option.
▪️Tariffs are a way to cover the budget deficit.
▪️Next week, I will announce mutual tariffs for many countries.
▪️I hope to meet with Zelenskiy next week to discuss the security of their rare earth elements.
@ Newshounds News™
Source: CoinTurk News
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MISSOURI BILL PROPOSES BITCOIN RESERVE FUND FOR STATE INVESTMENTS
House Bill 1217, introduced by Representative Ben Keathley, aims to establish a Bitcoin reserve fund for Missouri and mandate crypto acceptance for state payments.
Missouri Representative Ben Keathley introduced House Bill 1217, which proposes the creation of a Bitcoin Strategic Reserve Fund to diversify the state’s investment portfolio.
On Feb. 6, Keathley filed HB 1217, proposing the US state of Missouri diversify its portfolio to include Bitcoin as a hedge against fiat currency inflation. If signed into law, the bill will allow the Missouri treasurer “to receive, invest, and hold Bitcoin under certain circumstances.”
Additionally, Keathley’s HB 1217 proposed a long-term Bitcoin hodl strategy for the state:
“The treasurer shall store all Bitcoin collected under sub-section 2 of this section for a minimum of five years from the date that the Bitcoin enters the state’s custody.”
@ Newshounds News™
Read more: CoinTelegraph
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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Newshound's News Telegram Room Link
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More News, Rumors and Opinions Friday Afternoon 2-7-2025
KTFA:
Clare: Member of Parliamentary Finance Committee warns of investment projects being affected by delay in 2025 budget schedules
2/7/2025
Member of the Parliamentary Finance Committee, Jamal Kojer, warned of the repercussions of the delay in approving the 2025 budget, indicating that "this will negatively affect investment and service projects that depend on financial liquidity.
Kocher told Al Furat News Agency, "The delay in the budget will hinder the implementation of vital projects and will affect the level of services provided to citizens," stressing that "employee salaries will not be affected in any way."
KTFA:
Clare: Member of Parliamentary Finance Committee warns of investment projects being affected by delay in 2025 budget schedules
2/7/2025
Member of the Parliamentary Finance Committee, Jamal Kojer, warned of the repercussions of the delay in approving the 2025 budget, indicating that "this will negatively affect investment and service projects that depend on financial liquidity.
Kocher told Al Furat News Agency, "The delay in the budget will hinder the implementation of vital projects and will affect the level of services provided to citizens," stressing that "employee salaries will not be affected in any way."
He called on the concerned authorities to expedite the approval of the budget to avoid disrupting vital sectors and ensure the continuity of economic development.
Raghad LINK
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Clare: Special Representative of the President of the Russian Federation visits Baghdad and meets a number of officials
2/7/2025 Baghdad /
Baghdad received the Special Representative of the President of the Russian Federation for the Middle East and Africa, Mikhail Bogdanov.
Bogdanov met with Prime Minister Mohammed Shia al-Sudani, Foreign Minister Fuad Hussein and several important figures. During the talks, current issues related to strengthening traditional and friendly Russian-Iraqi relations were discussed, including the implementation of agreements reached at the highest levels.
During the meetings, Moscow and Baghdad's commitment to active political dialogue and strengthening mutual cooperation in various fields, with a focus on trade, economy and energy, were emphasized.
The Russian side expressed its support for the efforts of the Iraqi leadership to enhance internal political stability, combat terrorism, confront security challenges, solve economic and social problems, and enhance Iraq's regional role in the Arab arena. There
was also an in-depth exchange of views on regional issues of common interest, where the need to maintain the ceasefire in Lebanon and the Gaza Strip, find a just and rapid solution to the Palestinian issue, and launch a comprehensive political process in Syria with the participation of all ethnic and sectarian components and political forces to ensure its territorial integrity and sovereignty was emphasized. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat ...the corruption in the U.S. was and is still affecting Iraq and getting the RV we are looking for. Our hope as investors is that the Trump administration can help to finally free Iraq from this tyranny of the Feds and the Obama/Biden policies. But remember there are also Iranian skeletons in the closet too for Iraq that they will have to clean out prior to Trump trusting them and helping them to the extent needed. [Post 1 of 2....stay tuned]
Mnt Goat Article: “TRUMP CANCELS EXEMPTION GRANTED TO IRAQ TO IMPORT ELECTRICITY AND GAS FROMIRAN” US President Donald Trump canceled, ...Wednesday...the exemption granted to Iraq to import electricity and gas from Iran...This is evidence that Trump is not going to be relaxed with Iraq and has expectations that they agreed to in his first term and have not yet fulfilled. Folks...almost 7 years have gone by...this is one of those skeletons they must clean up. But there is more to this issue... Iraq has already developed it’s own electric grid...and is now self-sufficient and no longer needs Iranian electricity or gas. So...Why is Iraq still purchasing these utilities from Iran? This is Trump’s point. Get it? ...the overall long-term plan is to get Iraqi to the reinstatement. It may seem a long way off, however, I assure you it is not. Just look at how quickly things are moving along. [Post 2 of 2]
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Is Silver Set to Outperform Gold by 9X? | Mike Maloney & Alan Hibbard
Silver might be on the verge of outshining gold by a factor of nine—are you ready to capitalize on this historic opportunity? In this must-watch episode, Mike Maloney and Alan Hibbard break down the explosive dynamics at play in the gold and silver markets.
From central banks snapping up over a thousand tons of gold for the third consecutive year to a potential 50–80% stock market crash driving a massive “capital rotation,” the signs are everywhere that precious metals are entering a new golden era.
Discover why physical bars (not paper ETFs) are becoming harder to source, how lease rates are flashing red, and why this setup mirrors—and could eclipse—the legendary 1970s bull run.
Whether you’re a seasoned investor or just starting out, you’ll want to see the charts, data, and insights that are prompting many to load up on gold and silver before the rest of the world wakes up.
Don’t miss your chance to position yourself for what could be the most significant precious metals surge in decades.
Stocks, Gold to Soar? Trump’s Sovereign Wealth Fund is a Game Changer
Stocks, Gold to Soar? Trump’s Sovereign Wealth Fund is a Game Changer
David Lin: 2-6-2025
The idea of a U.S. sovereign wealth fund, fueled by tariffs, is gaining traction, and according to Axel Merk, President of Merk Investments, it could be a significant game changer for markets, potentially sending stocks and gold soaring.
In a recent interview with David Lin, Merk delved into the potential ramifications of this proposal, along with his broader outlook on tariffs, commodities, and ongoing market volatility.
Stocks, Gold to Soar? Trump’s Sovereign Wealth Fund is a Game Changer
David Lin: 2-6-2025
The idea of a U.S. sovereign wealth fund, fueled by tariffs, is gaining traction, and according to Axel Merk, President of Merk Investments, it could be a significant game changer for markets, potentially sending stocks and gold soaring.
In a recent interview with David Lin, Merk delved into the potential ramifications of this proposal, along with his broader outlook on tariffs, commodities, and ongoing market volatility.
The concept, popularized by figures like former President Donald Trump, proposes utilizing revenue generated from tariffs to establish a sovereign wealth fund. Similar to funds managed by countries like Norway or Saudi Arabia, this fund would invest in a diversified portfolio of assets, aiming to generate long-term returns for the U.S. government.
Merk argues that this approach, while potentially controversial, could inject significant capital into the stock market. A sovereign wealth fund with substantial resources would become a major institutional investor, driving demand for equities and potentially pushing prices higher.
However, the creation of such a fund is inherently tied to the contentious issue of tariffs. Merk acknowledged the complexities surrounding tariffs, highlighting their potential to disrupt global supply chains and increase costs for consumers. He emphasized the need for careful consideration and strategic implementation to avoid unintended consequences.
While tariffs can generate revenue for the proposed fund, they also contribute to market volatility. Increased trade tensions often lead to uncertainty, causing fluctuations in stock prices and affecting commodity markets. Merk stressed the importance of managing these risks through diversification and a long-term investment horizon.
Beyond the sovereign wealth fund proposal, the conversation with David Lin also covered Merk’s outlook on commodities in general. He pointed out that individual commodities react differently to geopolitical events and economic cycles. Factors such as supply disruptions, demand shifts, and currency fluctuations all play a crucial role in shaping commodity prices.
He emphasized the need for investors to understand the specific dynamics of each commodity before making investment decisions. A blanket approach to the commodity market, he warned, could be fraught with risks.
In conclusion, the interview highlighted the potential for a U.S. sovereign wealth fund to reshape the investment landscape. While the idea presents exciting possibilities for stocks and gold, it is inextricably linked to the complexities of tariffs and the ever-present risk of market volatility.
Merk’s insights underscore the critical need for investors to stay informed, conduct thorough research, and adopt a strategic approach that considers the long-term implications of these potential shifts in the global economic landscape.
The creation of such a fund remains a proposal, and its actual implementation and impact are highly uncertain. However, the conversation sparked by this idea highlights the ongoing evolution of financial strategies and the potential for innovative approaches to managing national wealth.
0:00- How to Handle Volatility from Tariffs
4:47- Market Reaction
8:52- U.S Sovereign Wealth Fund Announced
15:52- How will DOGE affect economic & fiscal policy in the US
18:37- Market Reaction to Trump’s first 21 days
25:05- Gold Equities Outlook
Seeds of Wisdom RV and Economic Updates Friday Morning 2-7-25
Good Morning Dinar Recaps,
RIPPLE’S GARLINGHOUSE TO JOIN TRUMP’S U.S. CRYPTO ADVISORY COUNCIL? HERE’S WHO IS IN THE RUNNING
▪️Ripple CEO Brad Garlinghouse is shortlisted for a key role on President Trump’s U.S. Crypto Advisory Council.
▪️The council will address crucial debates, including whether cryptocurrencies should be classified as commodities or securities.
▪️Other prominent crypto leaders, including figures from Kraken, Coinbase, and Circle, are also considered for council positions.
Good Morning Dinar Recaps,
RIPPLE’S GARLINGHOUSE TO JOIN TRUMP’S U.S. CRYPTO ADVISORY COUNCIL? HERE’S WHO IS IN THE RUNNING
▪️Ripple CEO Brad Garlinghouse is shortlisted for a key role on President Trump’s U.S. Crypto Advisory Council.
▪️The council will address crucial debates, including whether cryptocurrencies should be classified as commodities or securities.
▪️Other prominent crypto leaders, including figures from Kraken, Coinbase, and Circle, are also considered for council positions.
Ripple CEO Brad Garlinghouse is reportedly on the shortlist for a key role on President Donald Trump’s U.S. Crypto Advisory Council. This council, formed by executive order in Trump’s first week back in office, promises to play a pivotal role in shaping the future of cryptocurrency policies in the U.S.
Crypto regulations are certainly going to get a new look now. Is Ripple now on the fast-track to success?
U.S. Crypto Regulations Under Review
Under the Biden administration, many crypto companies faced challenges due to unclear and strict regulations. However, Trump’s push for innovation in digital assets is leading to a new direction.
The advisory council aims to bring industry leaders together to discuss the future of crypto in the U.S. and craft policies that foster innovation while ensuring proper regulation.
Commodities or Securities: A Critical Debate
One of the council’s biggest tasks will be determining whether cryptocurrencies should be classified as commodities or securities. This decision will have a direct impact on which regulatory body—the SEC or CFTC—will oversee the industry.
Garlinghouse’s Impact on Crypto Regulations
Garlinghouse’s potential role on the council has sparked much discussion about Ripple’s influence in shaping crypto policy. Known for his long-time advocacy for clearer regulations, Garlinghouse could play a key part in creating a more defined and fair regulatory environment for the entire crypto industry.
Other Crypto Leaders in the Running
Garlinghouse is not the only one being considered for a position on the council. Other well-known figures in the crypto world, including Kraken’s former general counsel Marco Santori, crypto podcast host Frank Chaparro, and CEOs from major companies like Circle’s Jeremy Allaire, Coinbase’s Brian Armstrong, and Crypto.com’s Kris Marszalek, are also under consideration.
Could XRP Join a National Reserve List?
There are also rumors that XRP could be included in a national reserve list, although nothing has been confirmed. Some speculate that Trump’s previous meeting with Ripple executives before his inauguration could be related to this development. If true, this move could position Ripple as an important player in the U.S. financial system.
With key players like Garlinghouse in the mix, the future of U.S. cryptocurrency regulation is bound to take a more defined and innovative turn.
@ Newshounds News™
Source: Coinpedia
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OHIO LAWMAKERS PUSH FOR STATE BITCOIN RESERVE AND CRYPTOCURRENCY PAYMENTS
Ohio introduces a bill to create a Bitcoin reserve fund, allowing public funds and tax payments to be handled in cryptocurrency.
▪️Ohio plans to create a Bitcoin reserve fund managed by the state treasurer.
▪️The bill requires Bitcoin investments to be held for at least five years.
▪️Ohio aims to lead the nation in government-backed Bitcoin initiatives.
Ohio is advancing plans to create a Bitcoin reserve fund. Senate Bill 57 introduced by Senator Sandra O’Brien on January 28 grants authority to the state treasurer to invest public funds exclusively into Bitcoin.
The proposal moved to the Financial Institutions, Insurance, and Technology Committee for additional evaluation the day after its introduction. The proposed law would mandate that all Bitcoin investments stay in the fund for at least five years.
The proposal mandates Ohio’s treasury oversee Bitcoin investments through secure safekeeping systems. The law also requires state agencies to receive Bitcoin as payment for taxes, fines and other government fees. All cryptocurrency payments that state agencies receive will be converted to Bitcoin before being deposited into the reserve.
Under the bill’s provisions Ohio residents, government bodies and universities can contribute Bitcoin donations to the fund.
Previous Crypto Initiatives in Ohio
Ohio has explored cryptocurrency adoption in the past. In December, House Republican leader Derek Merrin introduced House Bill 703 to support Bitcoin investments in state reserves.
Additionally, state senator Niraj Antani proposed a bill to enable tax and fee payments using cryptocurrency. The latest Bitcoin reserve bill builds on these earlier efforts, introducing a structured approach for state-level Bitcoin investment and storage.
National and Statewide Trends
The initiative aligns with federal discussions on digital asset adoption. President Donald Trump’s executive order called for research into a national digital asset reserve. Ohio lawmakers view these federal developments as potential catalysts for state policy adjustments. The bill seeks to position Ohio as a leader in government-backed Bitcoin initiatives.
Several other U.S. states are also considering Bitcoin reserve legislation. Utah, Arizona, and South Dakota have introduced similar bills. Utah’s House committee approved a bill allowing treasury funds to include digital assets.
Texas passed the Texas Strategic Bitcoin Reserve Act, requiring the state to hold Bitcoin as a reserve asset for at least five years. On January 28, Arizona’s Senate approved its own Bitcoin reserve bill, permitting public funds to invest up to 10% of assets in virtual currencies.
According to Bitcoin Reserve Monitor, at least twelve states have proposed legislation for Bitcoin reserves. The increasing interest in state Bitcoin holdings reflects a broader trend of cryptocurrency adoption at the government level. Ohio’s new proposal could establish the state as a key player in this movement.
@ Newshounds News™
Source: CryptoNewsLand
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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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News, Rumors and Opinions Friday AM 2-7-2025
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 7 Feb. 2025
Compiled Fri. 7 Feb. 2025 12:01 am EST by Judy Byington
Mon. 10 Feb. 2025 should be a go for Tier4b (Us, the Internet Group) according to a high up source. The Chinese Elders, who were backing the Global Currency Reset with their gold, had (allegedly) bought all the Cabal’s Central Banks across the World. Those Banks were (allegedly) merging with the QFS and taking a different role – they would no longer have access to individual bank accounts. All banks were (allegedly) converting to XRP Ripple digital gold/asset-backed currency.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 7 Feb. 2025
Compiled Fri. 7 Feb. 2025 12:01 am EST by Judy Byington
Mon. 10 Feb. 2025 should be a go for Tier4b (Us, the Internet Group) according to a high up source. The Chinese Elders, who were backing the Global Currency Reset with their gold, had (allegedly) bought all the Cabal’s Central Banks across the World. Those Banks were (allegedly) merging with the QFS and taking a different role – they would no longer have access to individual bank accounts. All banks were (allegedly) converting to XRP Ripple digital gold/asset-backed currency.
Thurs. 6 Feb. 2025: Breaking: GESARA Wealth Transfer Has Officially Begun! 2025 | Prophecy | Before It’s News
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Thurs. 6 Feb. 2025 Bruce:
On Wed. 5 Feb. Trump (allegedly) told the US Treasury not to let the RV go because they were not yet ready and that they were going to wait until the weekend.
Two contacts said that Trump (allegedly) wanted us to have money by Sat. 8 Feb. 2025.
The World Bank and the IMF has held the RV up and both were about 95% ready to be dismantled.
Iraq has yet to put their new Dinar Rate in the Gazette.
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Redemption Types: (RUMORS)
Currency Exchange: For those with ZIM bonds, dinar, and dong, you’re looking at (allegedly) double-digit rates at Redemption Centers, with gold-backed values. The ZIM bond is (allegedly) 1:1 to the new USTN dollar. You’ll be (allegedly) asked to allocate a portion of your funds for humanitarian projects-we’re not just saving ourselves; we’re saving the world.
XRP Buyback: There’s a $1 million per token value on XRP set by the QFS, already (allegedly) mirrored into Quantum Accounts. This buyback is part of a larger strategy to stabilize global markets and root out the evil.
This is About More Than Money: This is about justice, about freedom, and about taking back what’s ours. The deepstate’s grip is slipping, and this process is the path to redemption. The time is now, Patriots-we must stand ready to rebuild and restore.
Read full post here: https://dinarchronicles.com/2025/02/07/restored-republic-via-a-gcr-update-as-of-february-7-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 This is amazing, the speed of the information that is coming...It is in volumes and it is massive in instructions and education of the monetary reform to you citizens. The laws are in place to expose the new exchange rate in the 2025 budget. Everybody knows the truth is about to be revealed. That's why Alaq and Sudani are telling Iraqi citizens, 'We are going to cover all the details very soon about this monetary reform. We're going to tell you about your new exchange rate, about your new lower notes, we're going to tell you everything very shortly.' This is so exciting to be a part of this history. It's epic.
Militia Man Iraq's had restrictions on her currency and currency transfers. She hasn't been on the Forex in an international capacity. Why? Because...it has to do with the IMF...obligations...compliance and it has to do with currency transfers across the world for trade...The central bank is talking like she's going international...That sounds like having the ability to move her money, which is the dinar, across borders and to do trade. It looks like Iraq has the ability to fully access the IMF's compliance with Article VIII and Article IV of IMF's requirements...which promote free convertibility of member currencies...It looks to me Iraq has gone as far as she possibly can in making an announcement...
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Will the IQD Skyrocket? The Truth Behind the Speculation
Edu Matrix: 2-6-2025
Will the IQD Skyrocket? The Truth Behind the Speculation - In this compelling video, we delve into the potential for the Iraqi dinar (IQD) to soar from $0.00076 to $0.10, exploring the economic groundwork laid over the past two decades.
Despite setbacks like ISIS and the pandemic, Iraq is poised for significant currency appreciation. Discover how increased adoption, speculative trading, and psychological milestones can drive this exponential growth.
We analyze critical market conditions and the role of fiat currencies alongside cryptocurrencies in shaping investment strategies. Join us as we unravel the complex landscape of currency speculation and what it means for investors eyeing the IQD.
OUTLINE:
00:00:00 Introduction
00:00:25 Understanding the Potential Increase
00:00:58 Key Growth Analysis
00:01:21 Factors Contributing to Value Appreciation
00:02:13 Comparative Analysis
00:02:49 Conclusion
“Tidbits From TNT” Friday Morning 2-7-2025
TNT:
Tishwash: Iraq prepares to implement the first historic transfer operation through the international (TIR) system
The International Road Transport Union (IRU) announced Iraq's readiness to implement the first historic transport operation via the international road transport (TIR) system, in a historic step towards enhancing cross-border trade.
During a visit last week, the Union confirmed that Iraq is close to achieving a major achievement in international trade, as it will soon witness the first transport operation under the umbrella of the internationally recognized system for customs transit, noting that this step reflects Iraq's commitment to modernizing the trade sector and adopting international practices.
TNT:
Tishwash: Iraq prepares to implement the first historic transfer operation through the international (TIR) system
The International Road Transport Union (IRU) announced Iraq's readiness to implement the first historic transport operation via the international road transport (TIR) system, in a historic step towards enhancing cross-border trade.
During a visit last week, the Union confirmed that Iraq is close to achieving a major achievement in international trade, as it will soon witness the first transport operation under the umbrella of the internationally recognized system for customs transit, noting that this step reflects Iraq's commitment to modernizing the trade sector and adopting international practices.
A specialized workshop was also organized, focusing on the importance of the United Nations international agreements, such as the TIR Convention and the Dangerous Goods Convention, highlighting the role of these agreements in simplifying trade, enhancing security and reducing accidents.
The Federation stressed the importance of cooperation between the public and private sectors to ensure smooth implementation of the two mentioned systems, which contributes to enhancing Iraq's position in regional and international trade.
In conclusion, the Federation stressed that this step represents a new beginning for Iraq in the field of transportation and international trade, with the adoption of the best international practices to enhance efficiency and economic growth. link
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Tishwash: Al-Sudani's advisor rebukes citizens for storing money at home and calls for investing it
"Support the national economy
Mohammed Sahib Al-Daraji, the technical advisor to the Prime Minister, confirmed today, Thursday, that the volume of investments in Iraq amounts to about 60 billion dollars, while he pointed out that there is a large cash mass among citizens outside the banking system, which makes it economically useless if it remains stored in homes, calling for it to be converted into investment projects that contribute to transforming it into assets that support the national economy.
Al-Daraji said in a statement to the official agency, followed by the 964 network , that “Iraq’s gross domestic product exceeded $260 billion, which makes the ratio of external debt compared to the domestic product at a very low level, which opens the door to a new phase of external financing, but with studied conditions,” noting that “Iraq’s external public debt witnessed a significant decrease, as it fell from $20.9 billion to $9.8 billion.”
He stressed, “The importance of funding being directed towards productive projects capable of paying off their debts on their own, rather than focusing on consumer or ill-considered projects.”
Regarding current investments, Al-Daraji pointed out that “the volume of local and foreign investments in Iraq amounts to about 60 billion dollars, most of which are in the real estate and housing sector, which is a good thing,” stressing “the necessity of strengthening the role of the Iraqi investor and supporting him to diversify investments.”
He pointed out that “there is a large cash mass held by citizens outside the banking system, which makes it economically useless if it remains stored in homes,” calling for “transferring this money to investment projects that contribute to transforming it into assets that support the national economy and enhance sustainable development.” link
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Tishwash: Taif Sami confirms to the World Bank the government’s commitment to implementing financial and economic reforms
Minister of Finance Taif Sami Mohammed received today, Thursday, the World Bank Representative in Iraq, Emmanuel Salinas, and his accompanying delegation, to discuss ways to enhance cooperation between the two sides in supporting development projects and implementing economic reforms.
Sami stressed, according to the ministry’s statement, a copy of which was received by {Al Furat News}: “The importance of partnership with the World Bank in financing programs aimed at achieving sustainable development,and the Iraqi government’s commitment to implementing financial and economic reforms to ensure the stability of the national economy.”
She pointed out that "these reforms aim to enhance sustainable growth, improve the management of financial resources, combat corruption, and enhance transparency in government institutions."
For his part, the World Bank representative praised the Iraqi government's efforts to improve the economic environment and enhance transparency and efficiency, stressing "the bank's readiness to provide more technical and financial support in line with Iraq's development priorities."
The two parties agreed - according to the statement - to continue coordination and joint work to achieve strategic goals and enhance economic stability in the country. link
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Tishwash: Lost Fortunes: Iraqi youth risk all in the world of Crypto and Forex
Despite government warnings, digital trading in both cryptocurrency and foreign exchange (forex) continues in Iraq, mostly among young people eager for a quick buck. Many, however, do not consider the consequences and risks associated with these transactions.
The rise in crypto and forex trading comes after Iraq’s recent economic crises, including the government’s limitations on US dollar trading to stabilize the exchange rate.
Although there have been no official statistics on the number of Iraqis scammed through digital trading, economic experts believe the figures are substantial. However, since Iraq bans both crypto and forex trading, victims have no way to legally reclaim their losses.
Since crypto and forex transactions occur outside the banking system, the traders are more susceptible to fraud. Last year alone, dozens of young Iraqis lost their life savings due to digital trading.
20-year-old Saja Al-Saadi is one such victim. She told Shafaq News that she had saved five million Iraqi dinars (around $3,800) from work but was lured by digital trading platforms promising high returns, who instead stole her money in the blink of an eye. “I was devastated,” she said. “Since these platforms are illegal in Iraq, I couldn’t even file a complaint with the police to recover my money.”
Another victim, 45-year-old trader Abdul Amir Khalil, faced a much larger loss of over $250,000. Khalil turned to digital trading platforms to avoid banking procedures and streamline transactions. “After transferring $250,000 to a digital trading company, the platform disappeared overnight, and I was unable to recover the money due to blockchain encryption despite enlisting the help of IT specialists.” He told Shafaq News.
Many of these scams are operated by individuals who use untraceable crypto transactions to steal funds. Some are run by local networks that pose as investment firms, promising “huge returns,” using fake social media profiles and instant messaging apps like Telegram and WhatsApp to reach potential victims.
while the list of victims continued to grow, the Central Bank of Iraq (CBI) declared in 2022 that it does not license forex, stock, or crypto trading platforms.
The bank warned that fraudulent online companies falsely claimed to be licensed, using misleading advertisements to promote investments in stocks, crypto, gold, and oil.
According to Iraq’s Anti-Money Laundering and Terrorism Financing Law No. 39 (2015), digital trading is prohibited due to risks associated with fraud, illicit transactions, and economic instability. The use of electronic wallets and cards for crypto trading is also prohibited, due to “concerns over money laundering and financial crimes.”
Despite this prohibition, many traders bypass restrictions anyway using VPNs and international bank accounts or rely on middlemen in neighboring countries like Turkiye, Jordan, and the UAE to deposit and withdraw funds.
Economic expert Ali Dadoosh explained to Shafaq News that forex companies targeting Iraqi investors operate without oversight from the CBI or any regulatory body.
“Iraq lacks a legal framework for forex trading; there is no official regulatory body overseeing digital currency transactions,” he noted.
Dadoosh emphasized that while digital currency trading can be profitable for experienced investors, it carries significant risks for untrained traders.
According to Dadoosh, while non-crypto digital currencies are traceable and regulated by banks (if fraud is suspected, banks can freeze transactions or reverse transfers), crypto is encrypted, unregulated, and often used for illegal activities, including money laundering and drug trafficking, and recovering stolen crypto funds is nearly impossible.
While digital currencies offer advantages, such as lower transaction costs and faster transfers, Dadoosh warned that most Iraqis lack the expertise needed to avoid falling victim to fraud.
He advised young Iraqis to learn trading before investing and to only use well-established, legal companies and wait for new government regulations.
There have been voices inside Iraq calling on the government to regulate crypto and forex trade instead of prohibiting it, countries such as Egypt and Turkiye have already begun talks on legalizing crypto and forex trade regulations. The UAE has permitted it under strict regulations that ensure investor protection. link
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Mot. Perfect Gift fur Thier New Home
Mot: Being Professionsal While Working at Home!!!
Seeds of Wisdom RV and Economic Updates Thursday Evening 2-6-25
Good Evening Dinar Recaps,
US SENATE PANEL APPROVES CRYPTO ADVOCATE, BILLIONAIRE HOWARD LUTNICK FOR COMMERCE SECRETARY
The Senate Commerce, Science, and Transportation Committee advanced the candidacy of Howard Lutnick, a crypto proponent and billionaire entrepreneur, to the position of Commerce secretary by a vote of 16–12.
America’s technological and financial scene undergoes a radical change and a wealthy man with strong ties to cryptocurrencies is leading important national initiatives valued in hundreds of billions of dollars.
Good Evening Dinar Recaps,
US SENATE PANEL APPROVES CRYPTO ADVOCATE, BILLIONAIRE HOWARD LUTNICK FOR COMMERCE SECRETARY
The Senate Commerce, Science, and Transportation Committee advanced the candidacy of Howard Lutnick, a crypto proponent and billionaire entrepreneur, to the position of Commerce secretary by a vote of 16–12.
America’s technological and financial scene undergoes a radical change and a wealthy man with strong ties to cryptocurrencies is leading important national initiatives valued in hundreds of billions of dollars.
Lutnick: Major Tech Programs Hang In The Balance
Lutnick’s appointment places him in charge of the $280 billion CHIPS and Science Act and the massive $42.5 billion BEAD program. These figures don’t only appear on paper; they reflect America’s determined efforts to transform its semiconductor sector and technical infrastructure. With global tech supremacy on the line, the stakes are higher than ever
Warren’s Crypto Concerns Spark Fierce Debate
The confirmation hasn’t been without its share of fireworks. Senator Elizabeth Warren has thrown down the gauntlet, demanding answers about Lutnick’s ties to Tether, the controversial stablecoin issuer.
Her January 28 letter pulled no punches, questioning everything from Cantor Fitzgerald’s investment in Tether to potential compliance issues. The plot thickened when it emerged that Lutnick’s financial disclosure form detailed assets worth over $806 million and involvement in 800 entities.
Washington is split by the confirmation as Ranking Member Maria Cantwell voted against Lutnick, citing inadequate dedication to current program goals. One thing is evident as this billionaire entrepreneur takes on his new position: the tech and crypto scene of America is set to change and might even completely alter the digital future of the country.
Cruz Champions Tech Policy
While Warren raises red flags, fellow Senator Ted Cruz is upbeat about what he sees as a victory for tech innovation. His vision? A complete reimagining of the BEAD program, moving away from its fiber-optic focus to embrace alternatives like satellite internet and fixed wireless. It’s a stark departure from previous policies, with Cruz dismissing the former Biden administration’s approach as riddled with “lawless conditions.”
Bitcoin Dreams And Stablecoin Schemes
Lutnick is open about his plans for cryptocurrency. At the 2024 Bitcoin Conference in Nashville, he confidently stated that cryptocurrency is “the future of financial independence.” He wants to require checks for stablecoins and might create a national Bitcoin reserve. This idea has made crypto fans excited but has worried traditional finance regulators.
The newly formed SEC Crypto Task Force, under Commissioner Hester Peirce, will work closely with Lutnick to navigate these uncharted waters.
@ Newshounds News™
Source: Bitcoinist
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CZECH REPUBLIC PASSES CRYPTO-FRIENDLY LAW, EXEMPTS BITCOIN FROM CAPITAL GAINS
The Czech Republic has passed legislation exempting Bitcoin and other digital assets from capital gains tax if held for more than three years.
President Petr Pavel signed the law, according to BTC Prague, aligning the country’s crypto taxation with traditional securities.
The tax exemption applies to individuals and non-business activities, eliminating previous tax disadvantages for long-term crypto investors. The amendment, set to take effect in mid-2025, brings the Czech Republic’s regulatory framework in line with the European Union’s Markets in Crypto-Assets rules.
The Chamber of Deputies approved the law in January as part of broader efforts to modernize the country’s financial regulations. Under the new rules, Bitcoin holders who sell their assets after three years will no longer owe income tax on profits, mirroring the tax treatment of long-term stock investments.
Czech Bitcoin reserve
The Czech National Bank is reviewing a proposal to add Bitcoin to its reserves, but the process may take months, and any exposure would be far lower than the initially suggested 5%, sources say.
Governor Ales Michl introduced the idea, but European Central Bank President Christine Lagarde dismissed the proposal, emphasizing the need for liquidity and security in reserves.
In response, the Czech National Bank commissioned a study to evaluate Bitcoin’s feasibility, with Michl stating he would accept its findings, even if they reject the plan.
@ Newshounds News™
Source: CryptoNews
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More News, Rumors and Opinions Thursday PM 2-6-2025
KTFA:
Clare: Central Bank: Stimulating hoarded money in homes is one of the most important challenges of the stage
2/6/2025
An official at the Central Bank of Iraq said that “stimulating the money hoarded in homes and transferring it to the banking sector is one of the most important challenges facing the current stage.”
The representative of the Central Bank of Iraq at the Baghdad International Fair, Athraa Taha Juma, stated that "the government is working to develop regulatory frameworks that support the transition to a digital economy, especially in the field of electronic payment.
KTFA:
Clare: Central Bank: Stimulating hoarded money in homes is one of the most important challenges of the stage
2/6/2025
An official at the Central Bank of Iraq said that “stimulating the money hoarded in homes and transferring it to the banking sector is one of the most important challenges facing the current stage.”
The representative of the Central Bank of Iraq at the Baghdad International Fair, Athraa Taha Juma, stated that "the government is working to develop regulatory frameworks that support the transition to a digital economy, especially in the field of electronic payment.
" She explained that "the transition that Iraq is witnessing towards a digital economy is important."
Juma pointed out that "one of the most important challenges facing the current stage is gaining citizens' confidence in electronic payment products, which will contribute to stimulating the money hoarded in homes and transferring it to the banking sector, as this transformation is part of a larger strategy aimed at stimulating the national economy by investing money in a way that serves major projects in the country." LINK
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Clare: Kurdistan Region launches January salaries via “My Account”
2/6/2025 Baghdad
Today, Thursday, the "My Account" platform announced the start of disbursing January salaries to Kurdistan Region employees via the digital system.
The team responsible for the "My Account" platform confirmed in a statement seen by "Al-Eqtisad News" that the salaries for the month of January will be distributed digitally today, in all governorates of the Kurdistan Region, as the salaries will be transferred to the bank accounts of the beneficiaries starting at eight o'clock in the morning.
The statement explained that the number of beneficiaries of the disbursement process through "My Account" reached 275 thousand employees, including 216,500 civil servants and 56,700 Peshmerga forces, and they will be able to withdraw their salaries through more than 550 ATMs distributed in more than 200 different locations throughout the region.
The platform added that the number of those registered in the "My Account" project has so far reached 720,000 employees out of a total of about one million employees receiving their salaries from the Kurdistan Regional Government, and 370,000 bank cards have been distributed to those benefiting from the service.
In this context, the Ministry of Finance and Economy in the Kurdistan Region announced the disbursement of January salaries, which were deposited into the bank accounts of beneficiaries of the “My Account” project.
The statement added that technical staff are waiting for employees to help them withdraw their money.
This measure comes as part of the Kurdistan Regional Government’s plan to enhance digital transformation in salary disbursement operations, which contributes to reducing reliance on cash, increasing transparency, and facilitating withdrawal operations for beneficiaries, in light of a broader trend towards shifting to digital banking services.
The Kurdistan Regional Government launched the “Hisabi” project as part of its plan to develop the banking infrastructure in the region, with the aim of improving salary management and facilitating financial transactions for employees. The project aims to reduce congestion at traditional salary distribution centers and enhance the use of electronic banking services, as part of a broader trend towards digitizing government operations in the region. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Iraq's had restrictions on her currency and currency transfers. She hasn't been on the Forex in an international capacity. Why? Because...it has to do with the IMF...obligations...compliance and it has to do with currency transfers across the world for trade...The central bank is talking like she's going international...That sounds like having the ability to move her money, which is the dinar, across borders and to do trade. It looks like Iraq has the ability to fully access the IMF's compliance with Article VIII and Article IV of IMF's requirements...which promote free convertibility of member currencies...It looks to me Iraq has gone as far as she possibly can in making an announcement...
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Banks are training on cross-border payments...Mr. Sammy wants you to know...the cross border payments are currency exchanges with Iraq and with other international countries...It's really a little deeper training that just saying cross-border payments. FRANK: IMO the training is being done with the new lower notes...To see this kind of training at the borders is fantastic!
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Trump Shocks Americans With New Announcement
George Gammon: 2-5-2025
LIVE! No One Is Prepared For The Level Of Currency Purchasing Power Losses Moving Forward.
Greg Mannarino: 2-6-2025
Seeds of Wisdom RV and Economic Updates Thursday Afternoon 2-6-25
Good Afternoon Dinar Recaps,
BRICS: TRUMP SPARES INDIA AFTER THEY OFFICIALLY EMBRACE THE US DOLLAR
US President Donald Trump has spared BRICS member India from tariffs as they officially embraced the US dollar for trade. Trump imposed 25% tariffs on Mexico and Canada and ignited a global trade war. He also imposed 10% tariffs on China and could go further if they advance the de-dollarization agenda.
However, BRICS member India has been spared from tariffs as they spoke positively about using the US dollar for cross-border transactions. India’s Foreign Minister S. Jaishankar repeatedly said in multiple interviews that they do not support the de-dollarization initiative. He explained that India will settle trade in local currencies with other countries only when it fits the trade agreement.
Good Afternoon Dinar Recaps,
BRICS: TRUMP SPARES INDIA AFTER THEY OFFICIALLY EMBRACE THE US DOLLAR
US President Donald Trump has spared BRICS member India from tariffs as they officially embraced the US dollar for trade. Trump imposed 25% tariffs on Mexico and Canada and ignited a global trade war. He also imposed 10% tariffs on China and could go further if they advance the de-dollarization agenda.
However, BRICS member India has been spared from tariffs as they spoke positively about using the US dollar for cross-border transactions. India’s Foreign Minister S. Jaishankar repeatedly said in multiple interviews that they do not support the de-dollarization initiative. He explained that India will settle trade in local currencies with other countries only when it fits the trade agreement.
Jaishankar also praised Trump and said that India has a good relationship with the new White House administration. “We’ve always said that India has never been for de-dollarization,” he said at various press conferences.
He made it clear that India will work closely with the US and will use the dollar for payment settlements. The Minister also revealed that India is not working towards the formation of a new BRICS currency and will not support bringing the US dollar down.
BRICS: India Plays It Safe By Supporting the US Dollar
The Reserve Bank of India (RBI) Governor Shaktikanta Das also pitched in saying that India does not support de-dollarization. “Nobody is talking about or thinking about de-dollarization. There is no step we have taken to de-dollarize,” said Das to Bloomberg. “De-dollarization is certainly not our objective and is not on the table. BRICS currency was an idea raised by one of the members and was discussed but no decision has been taken.”
All these statements made Trump spare BRICS member India as they fully support the US dollar’s prospects. India also needs the US dollar as its economy depends on America’s progress through Information Technology and other sectors. The US has invested heavily in India as backend offices and meddling with businesses could prove costly for the Modi government.
@ Newshounds News™
Source: Watcher Guru
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CFTC ACTING CHAIR SAYS THE AGENCY IS ENDING REGULATION BY ENFORCEMENT
The commission will divide its enforcement responsibilities into two task forces focused mainly on “complex fraud” and retail fraud.
Caroline Pham, acting chair of the US Commodity Futures Trading Commission (CFTC), announced that the agency would be winding down its practice of regulation by enforcement, likely impacting its approach to crypto firms during the Trump administration.
In a Feb. 4 notice, Pham said the CFTC was restructuring the priorities for its Division of Enforcement to focus on fraud, suggesting that the move “will stop regulation by enforcement” against “good citizens.”
The commission will divide its responsibilities into two task forces focused mainly on retail fraud and violations of the Commodity Exchange Act and “complex fraud and manipulation.”
“This taskforce realignment will enhance our vigorous and energetic enforcement program by empowering our talented staff to focus their expertise on matters that secure justice for victims and uphold public confidence in the integrity of our markets,” said acting enforcement director Brian Young.
The shift in the commission’s approach to enforcement was one of Pham’s first actions since becoming the CFTC acting chair on Jan. 20 following former chair Rostin Behnam’s stepping down. At the time of publication, it was unclear whom US President Donald Trump intended to nominate to fill Behnam’s seat at the CFTC once he leaves on Feb. 7.
@ Newshounds News™
Source: CoinTelegraph
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This Trade War Might Be The Straw That Breaks The US Dollar’s Back.
This Trade War Might Be The Straw That Breaks The US Dollar’s Back.
Notes From the Field By James Hickman (Simon Black) February 3, 2025
It was early spring in the year 1171 AD when Byzantine Emperor Manuel I Komnenos decided to go to war against his much smaller ally-- Venice. And the historical record shows that it was a really bad idea.
The Byzantine Empire was still a vast and powerful state by the late 12th century. But it was becoming obvious to anyone paying attention that they were in serious decline.
The Byzantine treasury was almost always empty. Imperial debt was piling up left and right. Byzantine borders were constantly being invaded by Muslim hordes. And the imperial coin-- the gold solidus-- was beginning to fall out of favor as the dominant currency for international trade.
This Trade War Might Be The Straw That Breaks The US Dollar’s Back.
Notes From the Field By James Hickman (Simon Black) February 3, 2025
It was early spring in the year 1171 AD when Byzantine Emperor Manuel I Komnenos decided to go to war against his much smaller ally-- Venice. And the historical record shows that it was a really bad idea.
The Byzantine Empire was still a vast and powerful state by the late 12th century. But it was becoming obvious to anyone paying attention that they were in serious decline.
The Byzantine treasury was almost always empty. Imperial debt was piling up left and right. Byzantine borders were constantly being invaded by Muslim hordes. And the imperial coin-- the gold solidus-- was beginning to fall out of favor as the dominant currency for international trade.
Perhaps most importantly, there were a great deal of inexperienced or incompetent Emperors who stood by and did nothing while adversaries exploited imperial weakness.
One bright spot in Byzantine foreign relations was with the Republic of Venice; and over time the two cultivated a strong friendship, and enjoyed significant trade and military cooperation. When the Byzantine Empire went to war, for example, Venice would often provide naval and maritime logistics support.
Trade was so strong between the two, in fact, that thousands of Venetian merchants moved permanently to Constantinople.
But it all came to an end in March of 1171. The Emperor very suddenly changed his tune on Venice and started viewing them as rivals who were taking advantage.
To be fair, Venice was definitely a rising power at the time. But they were a pipsqueak compared to the size and strength of the Byzantine Empire… and the Venetians in no way wanted a conflict. They got one anyway.
That spring, Emperor Manuel imprisoned as many as 10,000 Venetians in Constantinople. He also confiscated their assets, properties, and businesses.
The ruler back in Venice (coincidentally known as “the Doge”) tried to negotiate a peaceful, diplomatic solution. But in the end, a war between the two broke out. And while direct military conflict was quite limited, the economic and trade warfare seriously wounded both powers.
In retrospect the long-term consequences were clear: the Byzantine Empire lost a supportive ally, essentially pushing Venice into the arms of Western European powers. The Empire also never quite recovered the lost trade and economic opportunity costs from the war.
That’s because all war-- whether a shooting war or trade war-- is expensive. There are very, very few instances in history in which a nation benefited from prolonged war. In fact, the last guy to consistently wage ‘profitable’ wars was Napoleon… and he understood the key was to end it as quickly as possible.
Maybe that’s the strategy in this new trade war today. Maybe the whole idea is to show people that you’re not afraid to make good on your threats… to show that you’re not bluffing… and that everyone should run to the negotiating table immediately.
Perhaps. But it’s been well-documented that a long-term trade war, i.e. tariffs on goods imported from Canada and Mexico, will be incredibly expensive. Canada sends energy to the US. Mexico sends food. If there are two things that US citizens don’t need to become more expensive, it’s food and fuel.
The rough calculations show that American households will pay a few thousand dollars per year more. Most people can’t afford that, nor are they particularly inclined to try.
The optimists say that America doesn’t need to import any of that stuff, and that “we can produce everything we need at home”.
OK, that’s sort of true. The US has the capability to produce almost everything if it really had to. But to borrow from the great philosopher Chris Rock, “You could drive with your feet if you really had to. But that don’t make it a good XXXX idea.”
Every country, every economy in the world has a finite amount of resources-- workers, raw materials, capital, land, etc. And in a free market, those finite resources are put to their best and highest use… because that’s what generates the most profit, i.e. the most wealth and prosperity.
No one puts resources to work making socks and underwear if they could put those same resources to work developing disruptive technology. And the US economy has that option-- producing goods and services of extremely high value (including technology).
This has been a key driver of wealth in America.
But suddenly having to divert limited resources to something less valuable consequently means… less wealth and prosperity. Bottom line, trying to produce everything at home requires misallocating economic resources into less profitable, less prosperous industries.
And the opportunity cost of doing that cannot be overstated.
There’s another, even bigger problem, though.
The US dollar is already in trouble. Plenty of countries have already started to line up against the dollar; and as we’ve discussed in the past, foreign central banks have started ditching the dollar to buy gold instead.
This is a big problem for the US government; the Treasury Department desperately needs foreigners to keep funding America’s massive budget deficits. And even if the budget deficits miraculously disappear, America still needs foreign nations to hold on to the US government bonds they already own.
Threatening (and then actually following through) with tariffs will only make foreign countries less inclined to own US dollars.
Secretary of State Marco Rubio even admitted this weekend that within five years, “there will be so many countries transacting in currencies other than the dollar that we won’t have the ability” to impose sanctions or tariffs.
Less demand from foreign governments and central banks to own US dollars ultimately means higher inflation and higher interest rates across the board-- including higher mortgage rates. So more expensive food. More expensive fuel. And more expensive housing.
Again, this trade war might be a ploy designed to force everyone to the negotiating table… and perhaps they expect it will be over in a matter of days or weeks. But that’s a risky assumption.
A century ago, the ‘experts’ back in 1914 assumed that World War I would be over in a few months, and that the troops would “be home before the leaves fall from the trees” (according to what Kaiser Wilhelm of Germany reportedly told his soldiers departing for the front line).
This, too, may be long and costly. But even if it's short, declaring war on your own ally could easily create lasting consequences for America by accelerating backlash against the dollar.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
Smart Money and BRICS are Rushing into Gold
Smart Money and BRICS are Rushing into Gold
Wealthion: 2-6-2025
The global financial system may be teetering on the edge of a significant shift. Skyrocketing global debt, struggling central banks, and a seemingly paradoxical rise in gold prices, even amidst a strong dollar and elevated bond yields, are raising serious questions about the future of our economic stability.
Recently, financial expert Jonathan Wellum joined Trey Reik of Bristol Gold Group to dissect these complex issues, offering insights into why gold is outperforming its traditional role and what potential pitfalls lie ahead. Their analysis paints a picture of a system under pressure, ripe with opportunities and fraught with risks.
Smart Money and BRICS are Rushing into Gold
Wealthion: 2-6-2025
The global financial system may be teetering on the edge of a significant shift. Skyrocketing global debt, struggling central banks, and a seemingly paradoxical rise in gold prices, even amidst a strong dollar and elevated bond yields, are raising serious questions about the future of our economic stability.
Recently, financial expert Jonathan Wellum joined Trey Reik of Bristol Gold Group to dissect these complex issues, offering insights into why gold is outperforming its traditional role and what potential pitfalls lie ahead. Their analysis paints a picture of a system under pressure, ripe with opportunities and fraught with risks.
Historically, a strong dollar would typically dampen gold’s appeal. However, the current environment is witnessing a decoupling. Wellum and Reik argue that gold is no longer simply reacting to currency fluctuations, but is behaving as a haven asset reflecting dwindling confidence in fiat currencies themselves.
This “powering over” of gold suggests a growing distrust in the ability of governments to manage their fiscal responsibilities, leading investors to seek the perceived safety and stability of precious metals.
The United States’ national debt, currently exceeding $36 trillion, looms large over the global economy. This unsustainable level of debt is arguably distorting market dynamics and creating systemic risks. Wellum and Reik highlight how this debt burden necessitates continuous borrowing, leading to a cycle of increasing interest payments and further compounding the problem. This unsustainable trajectory is forcing investors to re-evaluate their strategies and consider alternative assets.
As concerns about the stability of the global financial system grow, sophisticated investors are increasingly turning to gold as a hedge against uncertainty. This shift in investment strategies signals a growing recognition that traditional asset classes may be vulnerable in the face of mounting debt and economic instability. The demand for gold as a safe haven is likely to intensify as these anxieties persist.
The conversation also addressed the potential for increased market volatility. With rising interest rates, persistent inflationary pressures, and the looming debt crisis, the stock market faces significant headwinds. Wellum and Reik suggested investors should prepare for a period of heightened uncertainty and potentially adjust their portfolios to mitigate downside risk. They emphasize the importance of understanding the interconnectedness of these factors and their potential impact on asset valuations.
Central bank credibility is also under scrutiny. The Federal Reserve’s handling of inflation and interest rate policy has faced criticism, leading to a decline in public trust. This erosion of trust in monetary policy further fuels the demand for alternative assets like gold, seen as a store of value independent of government control. The future role and effectiveness of central banks in managing economic stability are now being questioned.
The discussion also explored different ways to gain exposure to gold. While owning physical gold bullion offers direct protection against currency devaluation and systemic risk, investing in gold mining companies provides leverage to rising gold prices. Wellum and Reik debated the merits of each approach, highlighting the potential for higher returns in gold miners but also acknowledging the increased risk associated with individual company performance and operational challenges.
Finally, the impact of geopolitical tensions, particularly the potential for renewed trade wars under a Ttump administration, was discussed. The imposition of tariffs and other protectionist measures can disrupt global supply chains, increase inflation, and further destabilize the economic landscape, driving investors towards safe haven assets like gold.
These geopolitical uncertainties underscore the importance of diversifying portfolios and considering assets with inherent value independent of political maneuvering.
The analysis presented by Wellum and Reik paints a concerning, yet crucial, picture of the current financial system. They suggest that the confluence of factors – unsustainable debt levels, central bank challenges, and geopolitical instability – is creating an environment ripe for market volatility and potentially significant economic disruption.
While the future remains uncertain, the enduring appeal of gold as a safe haven asset serves as a potent signal, urging investors to carefully reassess their strategies and prepare for the potential for a significant shift in the global financial landscape.
News, Rumors and Opinions Thursday 2-6-2025
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 Thurs. 6 Feb. 2025
Compiled Thurs. 6 Feb. 2025 12:01 am EST by Judy Byington
Judy Note: The Storm has arrived and Elon Musk’s DOGE Team edits of federal agency budgets.
DOGE also has plans to audit the IRS auditors. That should be interesting. The same people who are afraid of DOGE are the same who wanted to hire 80,000 new IRS agents to audit and harrass taxpayers.
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 Thurs. 6 Feb. 2025
Compiled Thurs. 6 Feb. 2025 12:01 am EST by Judy Byington
Judy Note: The Storm has arrived and Elon Musk’s DOGE Team edits of federal agency budgets.
DOGE also has plans to audit the IRS auditors. That should be interesting. The same people who are afraid of DOGE are the same who wanted to hire 80,000 new IRS agents to audit and harrass taxpayers.
When the DOGE audits are combined with activation of the new Quantum Financial System (QFS), our US government as we know it was expected to shrink by 90-95%.
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What We Think We Know as of Thurs. 6 Feb. 2025:
Wed. 5 Feb. 2025: Donald Trump to Sell Off Half of All Federal Property: What to Know
Wed. 5 Feb. 2025 Musk DOGE Audits …Snowden 2.0 on Telegram
Wed. 5 Feb. 2025 DOGE Audits: Treasury Secretary Scott Bessent just (allegedly) handed control of the federal payment system to Elon Musk’s DOGE team. This decision comes just two weeks after former Treasury Secretary Janet Yellen’s computer was (allegedly) breached, with unclassified files accessed—an attack blamed on “Chinese state-sponsored hackers.”
Wed. 5 Feb. 2025 DOGE Audits: Pelosi and Feinstein (allegedly) make millions off of land purchases using US Government Tax monies: (1) Sassafrass84 on X: “Doesn’t surprise me. https://t.co/dC8tT3nJ6P” / X
Wed. 5 Feb. 2025 DOGE Audits: Senators (allegedly) making in the hundred thousands reported 2024 income in the millions. The only way that could happen would be through kickbacks. The head of the US Treasury submitted his resignation when told that DOGE was there to perform a complete audit.
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Possible Timing:
In Aug. 2020 Trump (allegedly) rolled US Taxpayer dollars that had been going to the Federal Reserve since 1918, into the new US Treasury near Reno Nevada. The Federal Reserve – a privately owned family bank of the Rothschilds – (allegedly) had control of US Taxpayer dollars and was charging the US Government interest to use it.
On August 19, 2024, the Emergency Broadcast System (EBS) was (allegedly) activated in 100 cities across the United States. …The 17th Letter (JFK Jr.) on Telegram
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.
On Mon. 20 Jan. 2025 when Trump took office, the privately owned Federal Reserve and IRS were c(allegedly) onsidered legally defunct. …Carolyn Bessette Kennedy on Telegram
On Wed. 29 Jan. 2025 an Open Letter was (allegedly) published addressed to President Donald Trump and the US Congress asking them to recognize the Sovereign Nation of the Kingdom of Hawaii. There was 170,000 metric tons of Gold sitting in the Bank of Hawaii that cannot be used by any government entity until the Kingdom Nation is returned properly to The People. The request was accompanied by a plea to help the over 3,000 victims of the 2023 Kula and Lahaina Maui Hawaii Fires who remain homeless, many living on beaches since 2023. (Signed) Sir Don Kauli’a, Sovereign Regent, Kingdom of the Hawaiian Islands
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. 2025 the Quantum Financial System (allegedly) Activated Worldwide. Over $100 Trillion (allegedly) held in the Five Star Trust was authorized to be released to the new US Treasury (and back to The People). …Carolyn Bessette Kennedy on Telegram
Wed. 5 Feb. 2025 according to Bruce Tier4a,b (Us, the Internet Group) will be (allegedly) notified by email of how to set redemption appointments, with those appointments beginning Wed. or Thurs. 6 Feb. 2025.
Sun. 9 Feb. 2025 the QFS becomes fully operational with intense military operations. …JFK Jr. on Telegram
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 then zero out all mortgage debt, credit card debt, car debt, etc. Citizens (allegedly) 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
By year’s end, over 700 Med Bed Centers were (allegedly) said to be fully operational worldwide. …JFK Jr. on Telegram
Read full post here: https://dinarchronicles.com/2025/02/06/restored-republic-via-a-gcr-update-as-of-february-6-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Even if the budget comes out at the old rate, don't panic. Sudani knows what he's doing. The longer he can hide this form parliament the better...All the information about the new exchange rate has not been released yet, but within...13 days this budget will expose itself. It has no choice...This budget has no choice but to show its true colors in order for it to come to life...A new exchange rate cannot wait much longer..
Militia Man I think we all know the United States is sitting on a very large stack of Iraqi dinar. Probably many other currencies as well because if we know about it they know about it. If we can figure it out, they probably have. They're one step ahead of us. That's a good thing because if this is a benefit for the United States of America and if it's a benefit for Iraq and if it's a benefit for other Middle Eastern countries...let's get going.
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Trump’s New Sovereign Wealth Fund Explained
Heresy Financial: 2-6-2025
TIMECODES
00:00 Trump signs executive order for a U.S. sovereign wealth fund
00:32 The risks of a government-controlled investment fund
01:07 How sovereign wealth funds breed fraud and corruption
02:37 Why politicians have no skin in the game with public funds
03:24 The dangers of unlimited government-controlled capital
05:24 Historical lessons from the Mississippi Bubble
07:00 Could the U.S. sovereign wealth fund trigger hyperinflation?
08:48 The potential benefits of a sovereign wealth fund
10:05 The role of U.S. gold reserves in funding the program
12:14 Challenges in funding and implementing the sovereign wealth fund
13:17 Political greed and the risk of mismanagement
13:49 The final cost: Who really pays for this?
14:11 Should the government control wealth, or should you?
Seeds of Wisdom RV and Economic Updates Thursday Morning 2-6-25
Good Morning Dinar Recaps,
CFTC’S PHAM SEEKS ‘COMMON-SENSE’ REGULATION OF PREDICTION MARKETS IN NEW ROUNDTABLE
▪️The CFTC will hold a public forum to discuss prediction markets, though it did not name any specific marketplace in its announcement.
▪️CFTC Acting Chair Pham said past years of anti-innovation policies have restricted “common-sense” regulations of prediction markets.
Good Morning Dinar Recaps,
CFTC’S PHAM SEEKS ‘COMMON-SENSE’ REGULATION OF PREDICTION MARKETS IN NEW ROUNDTABLE
▪️The CFTC will hold a public forum to discuss prediction markets, though it did not name any specific marketplace in its announcement.
▪️CFTC Acting Chair Pham said past years of anti-innovation policies have restricted “common-sense” regulations of prediction markets.
The Commodity Futures Trading Commission announced Wednesday that it will hold a public roundtable to examine prediction markets, where its acting chair Caroline D. Pham expressed the need for more clarity in regulating such platforms.
“Unfortunately, the undue delay and anti-innovation policies of the past several years have severely restricted the CFTC’s ability to pivot to common-sense regulation of prediction markets,” said CFTC Acting Chairman Caroline D. Pham.
Pham said prediction markets are an “important new frontier” that can bring truth to the information age by utilizing the power of markets.
“The current Commission interpretations regarding event contracts are a sinkhole of legal uncertainty and an inappropriate constraint on the new administration,” Pham said.
Last year, the commission requested a district court to review a previous ruling in Kalshi’s favor in an attempt to block U.S. election bets on the prediction market. The two have been in a legal dispute since 2023 over the offerings of event contracts linked to congressional matters.
Earlier this week, it was reported that the CFTC was questioning prediction market Kalshi and Singapore-based crypto exchange Crypto.com over whether their derivatives-based Super Bowl sports events contracts were compliant.
“CFTC must break with its past hostility to innovation and take a forward-looking approach to the possibilities of the future,” Pham stated.
The roundtable
The public roundtable is a necessary first step in establishing a comprehensive regulatory framework for prediction markets, Pham said, as the new framework aims to promote the platforms while protecting users from deceptive market practices.
The forum will tackle several key roadblocks in establishing the framework, including past CFTC decisions, court orders and enforcement actions, and interpretations of event contracts on prediction markets in general.
“Participants will include a wide variety of experts and stakeholders representing numerous and diverse interests in these issues,” the statement said.
However, the release did not mention names of prediction markets that would be discussed at the public roundtable.
The roundtable is scheduled to be held at the CFTC headquarters in Washington, D.C., with further details on the event yet to be announced.
@ Newshounds News™
Source: The Block
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RIPPLE EXPANDS US WORKFORCE BY 75% AFTER ELECTIONS: IS THE SEC LAWSUIT ENDING SOON?
Ripple’s CLO, Stuart Alderoty, recently shared his thoughts on the new U.S. administration’s approach to cryptocurrency. In an interview with CNBC, Alderoty expressed his satisfaction with the changes brought about by the new administration.
He explained that the previous administration had essentially waged a “war” on crypto, pushing the industry out of the U.S. in favor of restrictive policies. However, since the inauguration, Alderoty praised the new administration for embracing cryptocurrency and clearing obstacles that had been stifling innovation.
Ripple’s Onshore Hiring Surge Amid SEC Case
Alderoty revealed that Ripple, which has been based in the U.S. for over 12 years, is benefiting from these shifts. He said that following the election, 75% of Ripple’s hiring efforts, which were previously offshore, are now being brought back onshore in the U.S.
The company is eager to build and expand its operations domestically, with the belief that the U.S. can once again become the global leader in cryptocurrency technology.
These changes come amid the ongoing SEC case, which has been dragging on for four years. The updates have left many wondering if the case might be coming to an end soon.
Ripple’s Response to U.S. Crypto Reform
When discussing U.S. crypto reform, Alderoty outlined three major forces shaping the landscape: President Trump’s executive order, changes in federal regulation, and legislative action from Congress.
He stressed the importance of the executive order, which reaffirms the U.S.’s goal of becoming the “crypto capital of the world.” The order has sparked a series of positive regulatory developments, including the appointment of David Sachs as the “crypto czar,” who is leading a task force to review and update crypto regulations.
Additionally, Alderoty praised the actions of the SEC’s acting chair, Mark Uyeda, who recently acknowledged the regulatory confusion of the past few years. Alderoty is optimistic that these changes will make it easier for banks to engage with crypto, further positioning the U.S. as a favorable environment for crypto innovation.
@ Newshounds News™
Source: Coinpedia
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RIPPLE’S RLUSD TOKEN SECURES MAJOR LISTINGS
The Ripple USD (RLUSD) stablecoin has secured several new listings, according to a Wednesday announcement.
The much-hyped stablecoin is now available for trading on Revolut and Zero Hash. These recent additions are likely to result in substantially broader RLUSD adoption.
London-based fintech firm Revolut boasts more than 50 million customers across the globe. Last September, it was reported that the company planned to launch its own stablecoin. In November, it also obtained the approval to expand its services across the EU after securing a banking license in the UK.
Zero Hash is a prominent cryptocurrency infrastructure platform. With the addition of RLUSD, the platform now supports five stablecoins across various chains.
RLUSD is, of course, available on both Ethereum and the XRP Ledger, and the stablecoin is expected to add more platforms in the future. The Zero Hash integration is significant for the RLUSD since it means that Ripple's stablecoin is now part of the stablecoin engine that is powering various fintech firms in the realm of payments (remittances, payouts, AI agents) and trading.
Zero Hash CEO Edward Woodford says that the listing of Ripple's RLUSD token shows that the company is committed to offering its customers the most "innovative and regulated" stablecoin products.
As reported by U.Today, the Ripple stablecoin recently surpassed $100 million in market capitalization.
The token was also recently listed on Bitstamp, one of the oldest cryptocurrency exchanges.
According to CoinGecko, the market cap of RLUSD currently stands at $108 million.
@ Newshounds News™
Source: U Today
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