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Seeds of Wisdom RV and Economic Updates Friday Morning 2-21-25
Good Morning Dinar Recaps,
SEC ACKNOWLEDGES SLEW OF CRYPTO ETF FILINGS AS REVIEWS, APPROVALS ACCELERATE
The regulator is seeking comment on filings covering crypto staking, options and altcoin ETFs, among others.
The US Securities and Exchange Commission has acknowledged some half a dozen exchange filings related to cryptocurrency exchange-traded funds (ETFs) in the past two days, according to Feb. 19 and Feb. 20 regulatory submissions.
Good Morning Dinar Recaps,
SEC ACKNOWLEDGES SLEW OF CRYPTO ETF FILINGS AS REVIEWS, APPROVALS ACCELERATE
The regulator is seeking comment on filings covering crypto staking, options and altcoin ETFs, among others.
The US Securities and Exchange Commission has acknowledged some half a dozen exchange filings related to cryptocurrency exchange-traded funds (ETFs) in the past two days, according to Feb. 19 and Feb. 20 regulatory submissions.
The filings, submitted by securities exchanges Nasdaq ISE and Cboe BZX, address proposed rule changes for crypto ETFs concerning staking, options, in-kind redemptions and new types of altcoin funds, the documents show.
The SEC’s acknowledgments highlight how the agency has softened its stance on crypto since US President Donald Trump started his second term on Jan. 20. Consequently, two crypto index ETFs launched in February and analysts expect more ETF approvals to follow in 2025.
Flurry of filings
Nasdaq’s filing pertains to position and exercise limits on options tied to BlackRock’s iShares Bitcoin Trust (IBIT), the most popular spot crypto ETF, with nearly $57 billion in net assets, according to BlackRock’s iShares website.
Meanwhile, Cboe filed to list options on Grayscale’s and Bitwise’s Ether. The SEC has approved options on Bitcoin ETFs but has not yet greenlighted options on Ether ETFs.
Cboe has also asked for permission to list Canary and WisdomTree’s proposed XRP ETFs, support in-kind creations and redemptions for Fidelity’s Bitcoin and ETH ETFs, and allow 21Shares’ Ether ETF to stake a portion of its ETH holdings for additional yield.
The SEC is reportedly “very, very interested” in staking and has asked the industry to draft a memo reviewing the different types of staking and their potential benefits, Eleanor Terrett, a reporter for Fox Business, said in a Feb. 20 post on the X platform.
Terret said her source “expects to see some kind of agency guidance on staking in the near future as it’s a topic they’re engaging enthusiastically on.”
In-kind creations and redemptions, where an ETF swaps shares for a basket of underlying assets, are more tax efficient and, therefore, preferred by most ETF issuers and investors. The SEC has not yet permitted in-kind redemptions for spot cryptocurrency ETFs.
Expected approvals
Bloomberg Intelligence has set the odds of an XRP ETF approval in the US at 65%. Its estimates for Litecoin and Solana ETF approval odds are even higher, at 90% and 70%, respectively.
On Feb. 14, the SEC acknowledged Cboe’s request to list asset manager 21Shares’ XRP ETF, further signaling the SEC’s openness to approving an ETF for the altcoin.
On Feb. 19, cryptocurrency exchange Coinbase launched SOL futures contracts on its regulated US derivatives exchange. Robust futures markets generally support cryptocurrency ETF applications because they provide a stable benchmark for asset prices.
On Feb. 20, Franklin Templeton launched an ETF holding both spot Bitcoin and Ether. It was the second cryptocurrency index ETF to hit the market after asset manager Hashdex launched its Nasdaq Crypto Index US ETF (NCIQ) on Feb. 14.
In 2024, under former US President Joe Biden, the SEC allowed spot BTC and ETH ETFs to list in the US after years of resistance but barred other types of crypto ETFs from listing.
@ Newshounds News™
Source: CoinTelegraph
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HONG KONG UNVEILS ROADMAP TO BECOME GLOBAL DIGITAL ASSET HUB
Hong Kong’s Securities and Futures Commission (SFC) published a 12 point ASPIRe roadmap for the territory to become a global digital asset hub.
Until October last year, it had licensed two cryptocurrency exchanges. That figure rose to ten yesterday with the licensing of Bullish, the exchange founded by Block.one and backed by Peter Thiel.
Top of the SFC’s priority list is to introduce licensing regimes for over the counter (OTC) ‘virtual asset’ marketplaces as well as virtual asset custodians. While it wants to ensure better compliance and enhance consumer protection, it is willing to lean into the more innovative aspects of web3 that are sometimes considered risky.
Currently the following activities are not allowed in Hong Kong, even for licensed exchanges: New token issuance, margin trading, derivatives, staking, and borrowing/lending. The SFC is willing to explore each of these, but some will be restricted to professional investors, such as derivatives and borrowing/lending.
“Adhering to the core principles of investor protection, sustainable liquidity and adaptive regulation, the roadmap in itself is a calibrated response to emerging VA market challenges and thus helps future-proof our ecosystem,” said Dr Eric Yip, the SFC’s Executive Director of Intermediaries.
“The roadmap is not a final destination but a living blueprint, one that invites collective efforts to advance Hong Kong’s vision as a global hub where innovation thrives within guardrails.”
@ Newshounds News™
Source: Ledger Insights
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“Tidbits From TNT” Friday Morning 2-21-2025
TNT:
Tishwash: The first of its kind in the region and Iraq as a whole.. Inauguration of an international financial and commercial center in Sulaymaniyah
On Thursday, an international financial and commercial center was inaugurated in the city of Sulaymaniyah. It is the first of its kind in the Kurdistan Region and the rest of Iraq in terms of specialization. Employees considered this a step to localize their salaries and end the crisis that has been ongoing for years .
Sulaymaniyah Governor, Haval Abu Bakr, said in a press conference attended by Shafak News Agency, during the opening ceremony of the center, "This center will provide a suitable environment for banks, financial markets and investment companies to work according to the legal frameworks approved in Iraq and the region ."
TNT:
Tishwash: The first of its kind in the region and Iraq as a whole.. Inauguration of an international financial and commercial center in Sulaymaniyah
On Thursday, an international financial and commercial center was inaugurated in the city of Sulaymaniyah. It is the first of its kind in the Kurdistan Region and the rest of Iraq in terms of specialization. Employees considered this a step to localize their salaries and end the crisis that has been ongoing for years .
Sulaymaniyah Governor, Haval Abu Bakr, said in a press conference attended by Shafak News Agency, during the opening ceremony of the center, "This center will provide a suitable environment for banks, financial markets and investment companies to work according to the legal frameworks approved in Iraq and the region ."
He added, "All banks, stock markets, financial and commercial institutions can establish branches within this center, according to the controls issued by the specialized authorities in the federal government and the region," indicating that "this step constitutes a qualitative transformation in the financial and commercial sector of Sulaymaniyah, which enhances its position as an economic hub at the level of Iraq ."
In another context, a group of protesting teachers, who had previously demanded that their salaries be transferred directly from Baghdad, welcomed the decision to open two branches of the Central Bank in the region, and considered this step a prelude to implementing the Federal Court’s decision issued on February 21, 2024, which stipulates the “localization” of the salaries of the region’s employees through the federal government .
However, this issue is still controversial among political circles, as some believe that transferring salaries to Baghdad aims to undermine the regional government and influence its authority, while others consider it a necessary solution to end the crisis of delayed salaries that has been ongoing for more than ten years .
In this context, the governor of Sulaymaniyah explained that "the mechanism for distributing salaries has not yet been decided," noting that "discussions are still ongoing about whether salaries will be distributed through the regional government as in previous years, or whether they will be transferred directly from Baghdad ."
While the opening of the financial and commercial center in Sulaymaniyah is an important step to boost economic activity, resolving the issue of salaries will remain an influential factor in financial and living stability in the region .
For more than a decade, Kurdistan cities have been suffering from a crisis of delayed salaries due to financial disputes between Baghdad and Erbil, which has prompted some groups, such as teachers and employees, to demand that their salaries be paid directly from the federal government .
On February 21, 2024, the Iraqi Federal Court issued a decision to localize the salaries of the region’s employees, but it has not been implemented yet due to administrative and political complications. The opening of the financial and commercial center in Sulaymaniyah constitutes a turning point in the economic scene, amidst the ongoing controversy over the future of financial management in the region . link
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Tishwash: Government Advisor: No Problems in Financing the Budget for Salaries and Revenues Are Running Regularly
The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, confirmed today, Thursday, the stability of cash resources and ensuring the flow of salaries and pensions. While he pointed out that government spending positively affects 85% of the movement of total demand, he pointed out that there are no problems in financing the budget for salaries and oil and non-oil revenues.
Saleh told the Iraqi News Agency (INA): "There are priorities in the state's general budget that focus on ensuring the monthly flow of salaries for workers in the government sector and public companies, in addition to recipients of grants, wages, retirees and social care categories."
He added that "the priorities come within the current section of the general budget," stressing that "there are no problems in the flow of cash resources to the budget, whether from oil or non-oil revenues."
Saleh explained that "what is being circulated about financial difficulties are imaginary scenarios aimed at creating a state of uncertainty," noting that "about 8 million Iraqi citizens benefit from monthly payments that cover the needs of about 35 million Iraqis monthly through the family support system."
He continued, "Coordination between monetary and fiscal policy works to provide the best performance and stability for monthly government spending, which is known as the "fiscal space," which ensures speed and flexibility in financing fiscal policy in line with the "monetary space" in monetary policy."
The Prime Minister's advisor confirmed that "government spending constitutes about 50% of the country's GDP annually, positively affecting more than 85% of the movement of total demand in Iraq, which supports the sustainability of economic activity and protects it from the risks of recession."
He pointed out that "economic policy pays close attention to ensuring the timing of operational spending without interruption, as the annual inflation growth rate did not exceed 3%, which reflects precise control over the management of cash liquidity and public spending."
He pointed out that "the stability and effectiveness of monetary and financial policies contribute to enhancing economic confidence and providing the necessary protection for the Iraqi economy from future challenges." link
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Tishwash: The Governor of the Central Bank, Ali Al-Alaq, confirmed that joint-stock companies constitute only 2% of the value of the gross domestic product in Iraq, while revealing the reason for the weak size of citizens' deposits in banks.
Al-Alaq said during the opening and introduction of the International Center for Finance and Trade in Sulaymaniyah Governorate, which was followed by (Al-Rabia), that "financial centers are economic levers and need modern financial infrastructure and technologies," noting "the importance of financial centers in stimulating the economy and attracting investments, which requires developing the financial infrastructure to keep pace with global changes."0
He pointed out that "these centers focus on the most important engines of the economy," stressing that "countries that have such centers have been able to achieve great achievements, as financial centers play a major role in stimulating and organizing the economy, as proven by reality, experience, numbers and data."
He stressed that "the financial aspect in Iraq needs more vitality and innovation to harness resources towards growth and construction," noting that "there is a huge amount of money inside the country, but it is not invested in the best way, as it is isolated from economic activity or hoarded without real benefit."
He stressed that "this is a fundamental issue that requires thought, initiatives and innovations to invest this money to serve growth and employment," noting that "the best way to attract and mobilize this money is to establish joint-stock companies that attract scattered capital, no matter how small its amounts are." He pointed out that "Iraq suffers from a significant shortage" in joint-stock companies, as their contribution to the GDP is only 2% of the GDP, which is the lowest percentage in the region compared to the Middle East and North Africa countries, where the percentage reaches 55%, while in developed countries it ranges between 80% and 90%, which requires new ideas and centers capable of moving this field."
The governor stressed that "Iraq has huge investment opportunities that can be exploited through partnerships between various capabilities, especially the available financial capabilities, but they do not find a clear scope for investment, which calls for a major role for financial centers in moving and establishing joint-stock companies in profitable strategic sectors."
He also pointed to the weak volume of citizens' deposits in banks, explaining that "the reason is not only due to lack of trust, but also to the availability of other investment opportunities that achieve greater returns than bank interest, as anyone can now invest their money through digital platforms and contribute to global projects without having to rely on traditional bank returns."
The governor of the Central Bank provided an example of developments in digital investment, noting that "some The platforms allow a group of people to participate in purchasing real estate in global cities such as London, where investment is based on the highest potential returns globally.
He noted that "the world is witnessing a financial revolution supported by technology and artificial intelligence, which will lead to major transformations in the nature of economic activity," noting that "the 10 largest companies in the world currently belong to the technology and communications sector, outperforming oil and traditional industry companies, as their market value ranges between 2-3 trillion dollars," stressing that "banks in the near future will transform into fully smart electronic platforms, which will radically change the way financial and investment transactions are conducted."
He stressed the "necessity of transforming financial centers into strong economic levers, so that they play a fundamental role in attracting investments, regulating financial flows, and benefiting from modern technologies," indicating that "this center has a major task ahead of it to move in these directions." The Central Bank reveals the reason for the weakness of citizens' deposits in banks: The money is huge link
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Tishwash: King Salman approves Saudi Riyal currency symbol
The Saudi monarch, King Salman bin Abdulaziz Al Saud, approved today, Thursday, the symbol of the Saudi riyal currency in a historic step aimed at strengthening the identity of the national currency.
According to the Saudi Press Agency (SPA), the Governor of the Saudi Central Bank (SAMA), Ayman bin Mohammed Al-Sayyari, expressed his thanks and appreciation to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and to the Crown Prince Mohammed bin Salman, Prime Minister, on the occasion of the launch of the Saudi riyal currency symbol.
Al-Siyari explained that the decision contributes to strengthening the Kingdom’s financial identity at the local, regional and international levels, noting that the application of the currency symbol will begin gradually, as it will be included in financial and commercial transactions and various applications in coordination with the relevant authorities.
Al-Siyari pointed out that this initiative aims to encourage pride in national identity and cultural affiliation, as well as highlight the status of the Saudi riyal and enhance confidence in it, as well as highlight the Kingdom’s prominent role among major global economies and G20 countries.
According to the agency, the national currency symbol, which was designed according to the highest technical standards, reflects the Kingdom’s culture and rich heritage. The symbol bears the name of the national currency “SAR” with a design inspired by Arabic calligraphy, and enhances the representation of the Saudi riyal in the local, regional and international context, making it suitable for use in all financial and commercial transactions. lin
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Mot: Don't Knows bout Yous.. but I'm ~~~~
Mot: . Poor "'Piglet"" --- Are We There Yet???
Fort Knox Audit Could Collapse the Fiat System
Fort Knox Audit Could Collapse the Fiat System
Liberty and Finance: 2-20-2025
The global financial landscape is shifting, and recent developments suggest a growing demand for transparency and a potential reckoning with unsustainable debt.
In a recent interview with Liberty and Finance, economic analyst Rafi Farber shed light on several key indicators, including Donald Trump’s renewed push for auditing Fort Knox, the increasing demand for physical gold, and the potential for significant debt devaluation.
One of the most intriguing developments is the call to
Fort Knox Audit Could Collapse the Fiat System
Liberty and Finance: 2-20-2025
The global financial landscape is shifting, and recent developments suggest a growing demand for transparency and a potential reckoning with unsustainable debt.
In a recent interview with Liberty and Finance, economic analyst Rafi Farber shed light on several key indicators, including Donald Trump’s renewed push for auditing Fort Knox, the increasing demand for physical gold, and the potential for significant debt devaluation.
One of the most intriguing developments is the call to audit Fort Knox. While the U.S. government maintains the vault holds a significant portion of the nation’s gold reserves, consistent calls for verification have been largely ignored.
Trump’s renewed interest in an audit marks a potential shift towards greater financial transparency, a move that could have far-reaching implications. As Farber emphasizes, inflation is a crucial tool in the hands of governments, subtly eroding purchasing power and fueling corruption. Auditing Fort Knox could expose uncomfortable truths about the true state of U.S. gold reserves, potentially limiting the government’s ability to manipulate the economy through inflationary policies.
However, owning gold isn’t simply about possessing the metal. Farber points out the intricacies of gold ownership, emphasizing the importance of understanding the nuances of the market. This brings us to another crucial observation: the significant gold outflows from London.
Farber interprets this as a sign of market stress and an increasing global demand for physical gold. As confidence in traditional financial institutions wanes, investors, both institutional and retail, are increasingly seeking the security and tangible nature of physical gold.
This demand is further evidenced by the behavior observed in the gold market. High borrowing fees for GLD, the largest gold-backed ETF, suggest a growing preference for physical gold over paper gold. This indicates that investors are less willing to rely on promises and are actively seeking to secure their wealth in a tangible asset.
But what does all this mean for the future? Farber predicts that a gold revaluation could lead to a significant devaluation of debt. This is a crucial point to understand.
As the value of gold rises, the real value of debt denominated in fiat currencies, which are increasingly perceived as unstable, diminishes. This could have dramatic consequences for economies heavily burdened by debt, potentially triggering a period of economic restructuring and upheaval.
In this environment of economic uncertainty, Farber stresses the importance of staying informed and maintaining a positive mindset.
Understanding the intricacies of the gold market, keeping abreast of developments like the Fort Knox audit, and recognizing the increasing demand for physical gold are crucial for navigating the turbulent times ahead.
The message is clear: the walls are closing in on opaque financial practices and unsustainable debt. The growing demand for transparency, coupled with the surge in physical gold demand, suggests a fundamental shift in the global financial landscape.
By staying informed and proactive, individuals can position themselves to weather the storm and potentially benefit from the coming changes. While the future remains uncertain, understanding these trends is the first step towards securing your financial well-being in a world grappling with economic uncertainty.
Seeds of Wisdom RV and Economic Updates Thursday Evening 2-20-25
Good Evening Dinar Recaps,
HACKERS DRAIN BANK ACCOUNTS IN NEW GLOBAL ATTACK ON APPLE AND GOOGLE ANDROID DEVICES: REPORT
Hackers are reportedly draining bank accounts and stealing smartphone users’ credentials using a new and highly effective technique.
Cybersecurity researchers say criminals are now sending text messages that appear to be from banks and delivery services – with malicious PDF files attached, reports Samsung Magazine.
The PDFs either contain links that exploit security flaws and install malware or links that send users directly to fake bank websites, enticing people users to enter their login details.
Good Evening Dinar Recaps,
HACKERS DRAIN BANK ACCOUNTS IN NEW GLOBAL ATTACK ON APPLE AND GOOGLE ANDROID DEVICES: REPORT
Hackers are reportedly draining bank accounts and stealing smartphone users’ credentials using a new and highly effective technique.
Cybersecurity researchers say criminals are now sending text messages that appear to be from banks and delivery services – with malicious PDF files attached, reports Samsung Magazine.
The PDFs either contain links that exploit security flaws and install malware or links that send users directly to fake bank websites, enticing people users to enter their login details.
Victims across the US, Germany, and the UK have already suffered financial losses after opening the fraudulent PDFs.
Researchers say people tend to trust PDFs more than links, and the method increases the chances of users falling for the scam.
Although SMS phishing and email-based PDF attacks have existed for years, the tactic of sending malicious PDFs directly via SMS texts is a new twist.
To stay safe, security experts recommend users avoid opening PDFs from unknown senders, verify messages with official sources, keep smartphones updated and use antivirus software to prevent malware infections.
@ Newshounds News™
Source: DailyHodl
[NOTE: Scammers and criminals are also sending text messages that appear to be from Exchanges involving your crypto assets warning of withdrawals with a phone number to call. Do not call that number. Only contact your exchange at a phone number you trust to report it. Stay safe.]
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COINBASE REVEALS 6-POINT PLAN TO FIX US CRYPTO REGULATIONS
▪️Coinbase has outlined six key priorities for improving US crypto regulation.
▪️Coinbase argues that the CFTC is better suited than the SEC to regulate cryptocurrencies like Bitcoin and Ethereum.
▪️Coinbase emphasizes the need to protect DeFi and NFTs from over-regulation, while also calling for clear federal and state guidelines.
A day after Binance CEO Richard Teng praised the improving regulatory environment for crypto in the US, Coinbase’s Chief Policy Officer, Faryar Shirzad, stepped in with a bold take – outlining six key priorities to fix the country’s crypto framework.
His timing couldn’t be more interesting. With US President Donald Trump promising to make America the “Crypto Capital,” regulations are shifting fast. About time, right?
So, what exactly does Coinbase think needs to change? And could these proposals finally bring the clarity the industry has been waiting for?
Let’s dive into the six key priorities that could shape the future of crypto in the US.
Why US Crypto Regulations Need Urgent Reform
The US crypto regulatory landscape needs major changes. While the current administration appears supportive of the industry, regulatory efforts won’t have a real impact unless key issues are addressed.
This is where Shirzad’s insights become important. In a recent blog post, he outlined six priority areas, covering everything from defining digital assets to setting clear rules for centralized crypto firms.
Six Key Priorities for Crypto Regulation
Here are the six areas Coinbase believes need immediate attention:
1. Clear Definitions for Digital Assets
The post stresses the need to properly define digital assets. A clear definition would help Congress distinguish between securities, commodities, and other digital tokens, ensuring appropriate oversight.
2. Shifting Oversight Away from the SEC
The post suggests that the Commodity Futures Trading Commission (CFTC) is more qualified than the Securities and Exchange Commission (SEC) to regulate major cryptocurrencies like Bitcoin and Ethereum—aligning with the industry’s stance in ongoing legal battles.
3. A Smarter Approach to Token Classification
Shirzad argues that not every token should automatically be classified as a security. He calls for a clear regulatory framework that allows crypto projects to raise capital without unnecessary restrictions.
4. Stablecoin Regulations for Market Clarity
With stablecoin regulation being a hot topic, Coinbase highlights the need for a clear framework to ensure transparency and stability in this rapidly growing sector.
5. Protecting DeFi and NFTs from Overregulation
The blog post warns that excessive regulation could harm innovation in decentralized finance (DeFi) and non-fungible tokens (NFTs). Shirzad emphasizes the need for a balanced approach to avoid stifling growth in these areas.
6. Federal and State Guidelines for Centralized Exchanges
Finally, Coinbase calls for clear regulations at both federal and state levels to ensure accountability for centralized crypto firms.
Coinbase urges lawmakers to move quickly before the US falls behind in crypto innovation. The exchange believes a well-balanced regulatory framework can protect consumers while allowing the industry to grow.
@ Newshounds News™
Source: Coinpedia
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'Something Big Is Happening' – Is a Gold Reset Coming? | Peter Grandich
'Something Big Is Happening' – Is a Gold Reset Coming? | Peter Grandich
Kitco News: 2-20-2025
Is the U.S. secretly stockpiling gold while preparing for a Fort Knox audit?
Over 12.5 million ounces of gold have moved from London to the U.S. since November, triggering global supply shortages.
Meanwhile, Elon Musk, Rand Paul, and Ron Paul are demanding a full audit of Fort Knox—an event that hasn’t happened in over 50 years.
'Something Big Is Happening' – Is a Gold Reset Coming? | Peter Grandich
Kitco News: 2-20-2025
Is the U.S. secretly stockpiling gold while preparing for a Fort Knox audit?
Over 12.5 million ounces of gold have moved from London to the U.S. since November, triggering global supply shortages.
Meanwhile, Elon Musk, Rand Paul, and Ron Paul are demanding a full audit of Fort Knox—an event that hasn’t happened in over 50 years.
Could this be part of a major monetary reset?
And why does the U.S. still value its gold reserves at just $45/oz when market prices exceed $2,900/oz?
Veteran market analyst Peter Grandich shares his insights on this unfolding gold mystery. He explains who’s buying gold, what’s next for the U.S. dollar, and whether gold is about to be revalued.
With China and Russia aggressively increasing their reserves and global de-dollarization accelerating, could we see the return of a gold-backed financial system?
Then, in a stunning turn of events—just one day after this interview was taped—President Trump announced aboard Air Force One that his administration will conduct an audit of U.S. gold reserves to “make sure it’s there.”
What could this mean for markets, the dollar, and gold’s future price trajectory?
Key Topics:
Why gold is flowing into the U.S.—who’s behind it?
Could the U.S. Treasury be preparing for a gold audit?
What happens if Fort Knox is missing gold?
Could a gold revaluation fix the debt crisis?
How are China and Russia reshaping the global gold market?
Where does gold go next—$3,500, $5,000?
00:00 Introduction: Gold Market
01:34 US Gold Valuation and Market Dynamics
04:50 Debt and Economic Implications
08:24 Global Gold Transfers and Market Impact
11:57 Potential Fort Knox Audit Outcomes
17:39 Global Shift Towards Gold-Backed Systems
26:11 Investment Opportunities in Gold Mining
More News, Rumors and Opinions Thursday PM 2-20-2025
Ariel: The Odds of a Rate Change Remain High
2-20-2025
Time Is Running Out
No liquidity.
No dollar.
No revenue.
No deposits.
No withdrawals.
No market volume.
Ariel: The Odds of a Rate Change Remain High
2-20-2025
Time Is Running Out
No liquidity.
No dollar.
No revenue.
No deposits.
No withdrawals.
No market volume.
What is the next best thing to do if you plan on making it out of this financial constraint on your economy before more sanctions and more economic turmoil ensues? You change the exchange rate. Which I presume they only have days to do. Turkey is waiting on them to make decisions prior to Monday that will determine the fate of everything else contingent upon this oil export.
Majeed: The government may resort to printing new money to cover the deficit Print new notes with small denom that has strong value
Paul Bruno: seems to say more work needs to be done and the dinar needs to crash first. I trust him because he’s been the only voice of, not now, with reason
You can not crash your way into a new exchange rate like some unexpected hard drop in value then all of sudden this miraculous exchange rate comes in and saves the day.
A “crash” could occur if confidence in the dinar erodes due to external shocks (e.g., sanctions, oil price drops) or internal mismanagement, but it’s not a prerequisite for a rate change.
Something that is looming overhead due to their procrastination and reluctance because many will be going to prison after this. They know the corruption will come to an end. This is why they are dragging their feet and being forced into compliance.
The CBI could act preemptively to prevent such a crash by adjusting the rate based on current economic data and projections. This is why it is smart of them to do this now to avoid this. You have to know in order for you to have proper confidence in somebody else notion. You all keep riding the fence and two horses at the same time.
A crash would be destabilizing and counterproductive to Iraq’s current goals of stabilizing salaries, managing oil revenue, and avoiding public unrest. Instead, the CBI is more likely to adjust the rate proactively potentially this week or before February ends.
Based on economic necessity, oil export resumption, and fiscal pressures, as outlined in posts by Majeed and other developments we’ve discussed.
The odds of a rate change remain high (70-80% this week, 80-90% before month-end) without requiring a dinar crash.
If anything, the CBI would aim to prevent such a crash by acting decisively now. This is why the media in Iraq is now talking about introducing new currency and urging a rate change. Why? Because they want to avoid the very thing that @snwse21 claim needs to happen prior to the new exchange rate.
Source(s):
https://x.com/Prolotario1/status/1892285199461077449
https://x.com/Prolotario1/status/1892338564073213965
https://dinarchronicles.com/2025/02/20/ariel-prolotario1-the-odds-of-a-rate-change-remain-high/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Article: "New US sanctions shake Iraqi banking sector, ban use of payment cards abroad" Lies! ...Be careful what you read. Article: "Al-Nusairi: No sanctions on Iraqi banks, and false reports cause panic" SETTING THE RECORD STRAIGHT ON THE MONETARY REFORM OF IRAQ...You know very well that we're very close and you know very well when you're very close they're going to try to [hide, distract, over the truth]...It's not a coincidence that their government and our government is a mirror image. It's not a coincidence...
Fnu Lnu One member of the Singapore Investment Group has been in San Francisco since Sunday. I finally got an opportunity to speak with her for an extended amount of time. She filled me in on some of the details...The Iraqis have proven to be less than attentive students. Learning is going slowly with some of the principles being resistant to the global methods and technical operations. She is getting these reports directly from one of the consulting group members, but would not say which one. Could be Wyman or K2...This may take a little time... Realize, an entire generation has passed so the youth have never known efficiency or the sense of urgency nor have they ever had purchasing power for the worthless currency. It is a sad situation to say the least. Meanwhile, we wait.
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U.S. Gold Reset Incoming? - (Fort Knox Audit Could Change Everything)
Smart Silver Stackers: 2-20-2025
Recent developments suggest the U.S. government could be preparing to revalue its gold reserves, potentially increasing their book value by over $700 billion.
Treasury Secretary Scott Bessent has hinted at 'monetizing the asset side of the balance sheet'—but what does that really mean?
Could this be the first step toward a currency reset?
And why are record amounts of gold bullion flowing into the U.S.?
Join me as we explore the potential impact on gold prices, inflation, and the financial system. Don’t miss this one!
Seeds of Wisdom RV and Economic Updates Thursday Afternoon 2-20-25
Feb 20
Good Morning Dinar Recaps,
NEW SEC CYBER UNIT CLOSES CHAPTER ON AGENCY'S CRYPTO ENFORCEMENT EMPHASIS
The SEC's Republican leaders have shifted what had been a crypto-focused enforcement squad into a smaller group with a broader responsibility.
▪A new name for the U.S. Securities and Exchange Commission's former crypto enforcement unit seems to illustrate the changing approach the agency is taking toward the industry.
▪The SEC has removed "crypto" from the name of the group and backed away from the previous digital-assets-heavy focus.
Good Morning Dinar Recaps,
NEW SEC CYBER UNIT CLOSES CHAPTER ON AGENCY'S CRYPTO ENFORCEMENT EMPHASIS
The SEC's Republican leaders have shifted what had been a crypto-focused enforcement squad into a smaller group with a broader responsibility.
▪A new name for the U.S. Securities and Exchange Commission's former crypto enforcement unit seems to illustrate the changing approach the agency is taking toward the industry.
▪The SEC has removed "crypto" from the name of the group and backed away from the previous digital-assets-heavy focus.
The U.S. Securities and Exchange Commission unit tasked with chasing bad guys in the crypto space will be smaller and called something significantly different, the agency said Thursday, further cementing its trend away from an aggressive enforcement stance against the industry.
In three years, the same internal group has transitioned from the "Cyber Unit" to the "Crypto Assets and Cyber Unit" and now to the "Cyber and Emerging Technologies Unit," seemingly taking some focus off its crypto role.
In 2022, then-Chairman Gary Gensler's SEC announced the enforcement squad was almost doubling to 50 people. The latest announcement says it will include "approximately 30 fraud specialists and attorneys across multiple SEC offices."
"The unit will not only protect investors but will also facilitate capital formation and market efficiency by clearing the way for innovation to grow," Acting Chairman Mark Uyeda said in a statement, which also announced Laura D’Allaird as the head of the overhauled group."It will root out those seeking to misuse innovation to harm investors and diminish confidence in new technologies.”
That language sharply contrasts with the crypto-focused rhetoric from Gensler in 2022, when he said the unit would pursue "those seeking to take advantage of investors in crypto markets."
President Donald Trump elevated Republican Uyeda from his role as commissioner to run the agency on an interim basis while the U.S. Senate considers the nomination of former Commission Paul Atkins for the permanent job. Uyeda isn't sitting on his hands during the wait and has already been remaking the SEC, especially in relaxing its strong past distrust of crypto.
@ Newshounds News™
Source: CoinDesk
~~~~~~~~
BRICS CONTINUE TO DISCUSS ALTERNATIVE PAYMENT OPTIONS TO THE US DOLLAR
The BRICS alliance continues to discuss new and alternative payment options to challenge the US dollar on the global stage. Russian Foreign Minister Sergey Lavrov confirmed that the alliance is looking to create a trans-border payment initiative.
The idea is being discussed at the initiative of Brazil, which will host the 17th summit in Rio De Janeiro on July 6-7, 2025. Brazil will chair the upcoming summit to promote reform in global governance.
BRICS vs the US Dollar: Alternative Payments Being Discussed
Suggestions to create a trans-border payment initiative are being floated by Brazil and could discuss the prospects at the upcoming summit in July. BRICS is looking for a payment settlement other than the US dollar and usher into a new global financial infrastructure.
“This is being discussed in BRICS, at the initiative of (Brazilian President Luiz Inacio). The previous summit stated a decision on the necessity of developing a proposal on alternative payment platforms through finance ministries and central banks.
Such proposals have been made, they suggest, in particular, the creation of a so-called trans-border payment initiative, the creation of a reinsurance company, and the BRICS Clear settlement and depositary infrastructure,” said Lavrov.
The summit could face challenges as US President Donald Trump has vowed to protect the dollar from the BRICS onslaught. The alliance needs to carefully navigate threats of tariffs and cuts in aid in the upcoming summit in July. De-dollarization could no longer be easy as Trump has warned developing countries of consequences if they stray away from the US dollar.
BRICS might find it harder to create a new payment system and challenge the US dollar in 2025. Trump is watching the group and could come up with tariffs that might alter the course of the alliance.
@ Newshounds News™
Source: Watcher Guru
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Senate vote 51-49. Kash Patel is Confirmed as Trump's FBI Director.
@ Newshounds News™
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US Gold Audit Cover-up, What are they Hiding?
US Gold Audit Cover-up, What are they Hiding?
ITM Trading: 2-19-2025
American trend forecaster Gerald Celente, publisher of The Trends Journal, is issuing stark warnings about the future of the market and the accessibility of wealth in the United States.
In a recent interview with Daniel Cambone on ITM Trading, Celente didn’t mince words, painting a picture of an economy teetering on the brink of a major correction that will ultimately benefit gold.
One of Celente’s most provocative points revolves around the famous gold reserves held at Fort Knox.
US Gold Audit Cover-up, What are they Hiding?
ITM Trading: 2-19-2025
American trend forecaster Gerald Celente, publisher of The Trends Journal, is issuing stark warnings about the future of the market and the accessibility of wealth in the United States.
In a recent interview with Daniel Cambone on ITM Trading, Celente didn’t mince words, painting a picture of an economy teetering on the brink of a major correction that will ultimately benefit gold.
One of Celente’s most provocative points revolves around the famous gold reserves held at Fort Knox.
He argues that billionaires wield significant power over access to wealth, while ordinary citizens are often kept in the dark. This sentiment underscores his broader perspective on the growing disparity between the haves and have-nots.
However, it’s Celente’s prediction of a “dot-com bust 2.0” that should truly grab investors’ attention. He believes the current market is dangerously overinflated, particularly in AI-related tech stocks like Nvidia and Meta. He asserts these stocks are significantly overvalued and are primed for a dramatic correction this year.
“There’s going to be dot com bust 2.0 that’s going to bring gold prices way up,” he emphatically states. The reasoning behind this hinges on the historical performance of gold during periods of economic uncertainty and market downturns.
Traditionally, gold acts as a safe-haven asset, benefiting from increased demand as investors flee riskier positions.
Beyond the potential tech bubble burst, Celente also points to other factors contributing to market instability. He highlights the global trend of interest rate cuts, a move often implemented to stimulate economic growth but which can also fuel inflation and asset bubbles.
He also acknowledges the unpredictable nature of international trade and the potential impact of tariffs, particularly under a potential second Trump Administration. This “wildcard” adds another layer of volatility to the already complex economic landscape.
Taken together, Celente presents a compelling case for investors to reconsider their strategies and explore avenues for wealth preservation. His prediction of a looming “dot-com bust 2.0,” coupled with the geopolitical and economic uncertainties he outlines, positions gold as a potential shield against the coming storm.
Celente’s recommendation is clear: now is the time to protect your wealth. He encourages viewers to watch the full interview on ITM Trading to gain a deeper understanding of his arguments and learn more about potential strategies for navigating the turbulent economic waters he foresees.
Whether you agree with his predictions or not, Celente’s insights offer a valuable perspective on the current state of the market and the potential risks and opportunities that lie ahead.
News, Rumors and Opinions Thursday 2-20-2025
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. 20 Feb. 2025
Compiled Thurs. 20 Feb. 2025 12:01 am EST by Judy Byington
Possible Timing:
“On Sun. 16 Feb. the Iraqi budget was ratified and was expected to be published in the Gazette on Mon. 17 Feb, along with Kurdistan resuming oil exports. …Ariel on X
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. 20 Feb. 2025
Compiled Thurs. 20 Feb. 2025 12:01 am EST by Judy Byington
Possible Timing:
“On Sun. 16 Feb. the Iraqi budget was ratified and was expected to be published in the Gazette on Mon. 17 Feb, along with Kurdistan resuming oil exports. …Ariel on X
On Thurs. 30 Jan. 2025 the privately owned Fed and IRS (allegedly) officially dropped dead – when the US Treasury withdrew from the Cabal’s Bankrupt Central Banks across the World. President Trump has said he will replace the IRS with the ERS (External Revenue Service) where taxation on goods will replace taxation on The People and their income.
Since Friday 3 Feb. 2025 all Basel 4 Compliant banks have(allegedly) gone public with the new Gold / Commodity-backed currency International Rates as required by the GESARA Law. This is (allegedly) the Re-evaluation of all the global currencies (meaning the global currency reset).
Tues. 11 Feb. 2025 Official Notification: Leaders in the Global Currency Reset(allegedly) received signal payments authorized by the Quantum Network
This week the Quantum Financial System was said to be fully operational for completion of that Global Currency Reset.
The use of the FIAT US Dollar will be(allegedly) used for up to 90 days Feb. / March / April parallel with the new United States Note (USN), they may cut it off of by April 30th or soon thereafter. …Bruce
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Global Currency Reset:
Mon. 10 Feb.: Liquidity was (allegedly) released to the 12 platforms that then funded the 38 platforms beneath them (Tiers 1 and 2). …JR Truth
Tues. 11 Feb. 2024: A military Intel contact said they released everything for the Global Currency Reset at 3pm PDT on Tues. 11 Feb. 2025 to (allegedly) start the shotgun release of liquidity & notifications …Carolyn Bessette Kennedy on Telegram
Wed. 12 Feb. Funding (allegedly) released to Bond Holder accounts. Banks could no longer (allegedly) see or have access to individual bank accounts. Some private groups were(allegedly) paid out on Wed. 12 Feb, while others will be(allegedly) paid on Thurs. 13 Feb. …Bruce
On Thurs. 13 Feb. Nesara funds(allegedly) started going out. Redemption Center leaders went into work at 10am on Thurs. 13 Feb.…Bruce
Fri. 14 Feb. 2025: Tier 1 and Tier 2 have been paid, I was just told. …Mike Berra
Fri. 14 Feb. 2025: I’ve been told my platform (that has currency and bond holders in it) started today Fri. 14 Feb. and will start payments on Tues. 18 Feb. I expect currency notifications around same time. …JR Truth
On Sun. 16 Feb. 2025 the Iraqi budget with the new Iraqi Dinar Rate was(allegedly) ratified and expected to be published in the Gazette soon.
Wed. 19 Feb. 2025 Wolverine: “Hi guys. Certain platforms were(allegedly) paid today. Tier4b (us, the Internet Group) should be soon.”
Tues. 18 Feb. 2025 What We Think We Know …EBS Activated With Trump on Telegram
DOGE just exposed that, until now, the Treasury Department had no traceability for nearly $4.7 trillion in U.S. taxpayer funds. Elon Musk says that a government database shows that five million people over 140 years old still receive Social Security benefits. People thought USAID was bad. Wait, they see what’s been happening at the IRS. Stephen Miller just confirmed that foreign fraud rings have been using fake social security numbers & identities to steal billions of taxpayer benefits through the IRS and Social Security. Miller confirmed DOGE is about to get the records. “Over a 10-year normal budget window, you could be talking about saving over a trillion dollars by clamping down on massive fraud in our tax and entitlement systems, including again those carried out by organized fraud and theft rings.”
Read full post here: https://dinarchronicles.com/2025/02/20/restored-republic-via-a-gcr-update-as-of-february-20-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Article: "Exporting the region's oil" on the table of Nechirvan Barzani and the Turkish Foreign Ministry" FLOW OF OIL FROM TURKEY = A NEW EXCHANGE RATE... OR THERE WOULD BE NO FLOW! ...You got Turkey that says, 'Ok we're going to send the oil in.' At 1310? No I don't think so.
Militia Man The Development Road Project is not going away. It's actually just picking up steam and we're seeing evidence of that...
Frank26 [Iraq boots-on-the-ground report] FIREFLY:CBI...did deny any sanctions by the US Treasury on any Iraqi Banks or cards, saying we don't have no sanctions on any banking. This is false news. Iraqi citizens know who's doing this [reporting false news]. FRANK: I figured that was what was going on. All these rumors just didn't make any sense. All these lies are obviously to stop what's about to happen because at the end of anything, the enemy uses desperate tactics in order to defeat goodness...IMO we will see lies and rumors everyday...just to...delay what Sudani is about to give to the citizens. They want to prevent Sudani's monetary reform.
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140K GOLD?!? What Will Happen if GOLD is REVALUED?
Silver Dragons: 2-19-2025
In this video I talk about the possibility of the gold that the USA holds being revalued. The USA apparently holds around 261.5 Million ounces of gold in their vaults.
This gold is currently valued at about $42 per ounce. What will happen if they change the valuation to $2,900 per oz? Will this cause the price of gold to go up or down?
I talk about how in 1973 the US changed the price of gold on their book from $35 per oz to $42 per oz and did not have to sell any gold at all to do this it was simply an accounting gimmick.
The price of gold did go up 66% that year. What would happen if the US did a much larger revaluation of gold?
Would this help the USA pay off the national debt? I show how the US would need to revalue their gold to $140,000 in order to completely pay off the National Debt today.
I don't think that would happen but if they do revalue gold to $2,900 per oz I think this will weaken the dollar and cause the price of gold to go much higher.
Here is my video talking about the gold in Fort Knox and my opinion on it as well:
Seeds of Wisdom RV and Economic Updates Thursday Morning 2-20-25
Good Morning Dinar Recaps,
XRP NEWS: BRAZIL APPROVES WORLD’S FIRST SPOT ETF, LEAVING U.S. BEHIND
▪️Brazil becomes first country to approve spot XRP ETF, surpassing the U.S.
▪️Brazil’s CVM approves Hashdex Nasdaq XRP Index Fund, awaiting B3 stock exchange listing.
▪️Meanwhile, U.S. SEC delays XRP ETF decisions, awaiting Ripple lawsuit resolution.
Brazil has made history by approving the first spot XRP exchange-traded fund (ETF), taking the lead ahead of the U.S. and other major markets. The country’s Securities and Exchange Commission (CVM) has given Hashdex the go-ahead for its XRP ETF. Meanwhile, the ETF is set to debut on the B3 stock exchange, offering investors direct exposure to XRP.
Good Morning Dinar Recaps,
XRP NEWS: BRAZIL APPROVES WORLD’S FIRST SPOT ETF, LEAVING U.S. BEHIND
▪️Brazil becomes first country to approve spot XRP ETF, surpassing the U.S.
▪️Brazil’s CVM approves Hashdex Nasdaq XRP Index Fund, awaiting B3 stock exchange listing.
▪️Meanwhile, U.S. SEC delays XRP ETF decisions, awaiting Ripple lawsuit resolution.
Brazil has made history by approving the first spot XRP exchange-traded fund (ETF), taking the lead ahead of the U.S. and other major markets. The country’s Securities and Exchange Commission (CVM) has given Hashdex the go-ahead for its XRP ETF. Meanwhile, the ETF is set to debut on the B3 stock exchange, offering investors direct exposure to XRP.
XRP ETF Finally Gets Approval
According to recent reports, Brazil’s CVM has approved the Hashdex Nasdaq XRP Index Fund, making it the first spot XRP ETF to receive official regulatory backing.
However, established on December 10, 2024, the fund is now in its pre-operational phase, awaiting final clearance from the B3 stock exchange before trading can begin. Hashdex, the asset manager behind the fund, has yet to announce the official listing date.
This approval is a big step forward as more people worldwide show interest in crypto ETFs. Meanwhile, investors want safe and regulated ways to invest in digital assets, and Brazil’s quick action puts it ahead of many other countries in meeting this need.
XRP ETF Interest Grows Worldwide
Several major firms, including Bitwise, 21Shares, CoinShares, and Grayscale, have recently filed applications for spot XRP ETFs. However, the U.S. Securities and Exchange Commission (SEC) has yet to approve any of these applications.
Meanwhile, Bloomberg senior ETF analysts James Seyffart and Eric Balchunas both estimate a 65% chance of approval but suggest that the SEC may delay any decision until its lawsuit against Ripple is fully resolved.
XRP Price Recorded 7% Gain
After Brazil approved the XRP ETF, the price of XRP jumped by 7%, reaching around $2.67 in the last 24 hours. This rise made XRP the best-performing asset among the top ten cryptocurrencies, with a 10% gain over the week.
Although recent data from Coinglass shows that XRP saw $8.20 million in future liquidations during this time. Out of this, $2.31 million came from long positions, while $5.69 million came from short positions.
Meanwhile, Key Market indicators like the Relative Strength Index (RSI), Stochastic Oscillator (Stoch), and Moving Average Convergence Divergence (MACD) suggest strong buying momentum, hinting at more possible gains for XRP.
@ Newshounds News™
Source: Coinpedia
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TRUMP’S RADICAL GOVERNMENT SHAKE-UP TARGETS NASA, IRS, FDIC, AND DHS
President Donald Trump’s administration is executing a sweeping overhaul of the U.S. civil service, with tech billionaire Elon Musk spearheading the Department of Government Efficiency (DOGE). Thousands of federal employees have been dismissed as part of this controversial restructuring.
Trump claims the initiative will save "hundreds of billions," though Musk’s team reports $55 billion in savings so far—less than 1% of the federal budget. Republicans praise the effort to cut what they see as bloated bureaucracy, while Democrats argue it threatens essential government services and middle-class jobs.
NASA faces 1,000 layoffs, while the IRS has identified at least 7,500 employees for termination. The Federal Deposit Insurance Corporation (FDIC) and the Federal Emergency Management Agency (FEMA) have also begun dismissals. Meanwhile, the Department of Homeland Security (DHS) is preparing to fire hundreds of senior employees deemed not aligned with Trump.
Critics question Musk’s authority as his companies, including Neuralink, remain under federal investigation. Lawsuits challenging his role have produced mixed rulings, with a judge recently allowing the campaign to proceed while raising concerns about oversight.
Trump further asserted executive power by ordering greater presidential control over independent agencies. Meanwhile, lawmakers claim transparency is lacking, with oversight requests going unanswered.
Defending Musk, Trump called him a “patriot” but clarified that he would not have decision-making authority over space-related matters. As mass layoffs continue across federal agencies, uncertainty looms over the future of government operations and thousands of public-sector employees.
@ Newshounds News™
Source: Economic Times
~~~~~~~~~
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“Tidbits From TNT” Thursday Morning 2-20-2025
TNT:
Tishwash: Rafidain Bank enhances the efficiency of its services by expanding the application of the electronic Q System
Rafidain Bank announced the expansion of the application of the electronic Q System to manage and organize customer waiting, to include more than 27 branches in Baghdad and the governorates, with a gradual plan to generalize it to other branches later.
The bank stated in a statement: "This trend reflects the bank's commitment to adopting the latest banking technologies to ensure the provision of more efficient and faster services, as the system provides an advanced mechanism to organize the movement of customers within the branches, reduce waiting periods, and determine the order of customers according to service priority, with an accurate time estimate for completing transactions.
TNT:
Tishwash: Rafidain Bank enhances the efficiency of its services by expanding the application of the electronic Q System
Rafidain Bank announced the expansion of the application of the electronic Q System to manage and organize customer waiting, to include more than 27 branches in Baghdad and the governorates, with a gradual plan to generalize it to other branches later.
The bank stated in a statement: "This trend reflects the bank's commitment to adopting the latest banking technologies to ensure the provision of more efficient and faster services, as the system provides an advanced mechanism to organize the movement of customers within the branches, reduce waiting periods, and determine the order of customers according to service priority, with an accurate time estimate for completing transactions.
He added: "This development comes within the bank's vision to enhance digital transformation and raise the level of customer satisfaction, by providing innovative solutions that contribute to improving the efficiency of banking operations and providing a smoother and more accurate experience. link
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Tishwash: Optimism about opening branches of Rafidain and Rashid Banks in the region: Stimulates the economy and attracts investors - Urgent
Economic expert Kalala Siddiq commented on Thursday (February 20, 2025) on the importance of opening branches of Rafidain and Rashid banks in Sulaymaniyah and the Kurdistan Region in general, and their economic benefits.
In an interview with Baghdad Today, Sadiq said, "This step will contribute to revitalizing the local economy, and opening branches of these government banks is an important step to revitalize the local economy in Sulaymaniyah. These branches will also provide various financial services to residents and companies, which will contribute to stimulating investments and developing businesses."
She added, "The opening of banks will contribute to facilitating financial transactions, and citizens and companies will be able to conduct their financial transactions more easily and conveniently, without the need to travel to other areas. This includes withdrawing salaries, making money transfers, paying bills, and obtaining loans."
She pointed out that it "will contribute to increasing competition, and will lead to the entry of new banks into the market to increase competition between financial institutions, which may improve the quality of services provided and reduce costs."
It will also provide job opportunities, and the opening of these branches will contribute to providing new job opportunities in Sulaymaniyah, which will help reduce unemployment and improve the standard of living.
She added, "Opening banks contributes to attracting investments, and the presence of branches of government banks can contribute to enhancing confidence in the local economy, which may attract more investments to the region."
Earlier on Wednesday, the representative of the Patriotic Union of Kurdistan, Gharib Ahmed, commented on the visit of the Governor of the Central Bank, Ali Al-Alaq, to the city of Sulaymaniyah.
He said in an interview with Baghdad Today, "This visit is an important and excellent step that came based on the desire of the people of Sulaymaniyah and the Kurdistan Region," explaining in his answer to a question about opening branches of Rafidain and Rashid banks, he replied that "if it happens, it is considered an important step to ensure the disbursement of employees' salaries according to what was stipulated in the Federal Court's decision, and also an important step for other financial transactions that the people of the region want."
Ahmed pointed out that "there is a request to open other branches of Rafidain and Rashid banks in the governorates of the Kurdistan Region, and in independent administrations such as the Raparin Faqi Ranya Administration and the Karmian Administration."
This comes in the context of the Federal Court’s decision to localize the salaries of Kurdistan Region employees at outlets spread across the region or banks open and licensed by the Central Bank of Iraq.
Ahmed added that "this step will contribute to enhancing financial stability in the region and meeting the needs of citizens in the field of financial services. He also stressed the importance of enhancing cooperation between the Central Bank of Iraq and the Kurdistan Regional Government to achieve these goals."
The Governor of the Central Bank, Ali Al-Alaq, is scheduled to visit the city of Sulaymaniyah to open branches of Rafidain and Rashid in the city, in a move aimed at enhancing financial services in the region and meeting the needs of citizens. link
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Tishwash: Financial expert: Bond offering helps support Iraq's cash deficit
Financial expert and former Director General of the Central Bank of Iraq, Mahmoud Dagher, explained on Wednesday that issuing financial bonds helps support the cash deficit and is a debt on the government.
Dagher told Shafaq News Agency, "The process of issuing financial bonds does not require a financial deficit, as bonds are often issued for the purpose of providing financial tools and encouraging the financial market in the country."
He added that "the bonds offered by the Ministry of Finance help support the deficit, which may be temporary and not permanent," indicating that "the amount of bonds that the Ministry of Finance will receive is a debt owed to it and to the government."
On February 5, the Federal Ministry of Finance announced the launch of national bonds (first issue) for public subscription, with a total value of two trillion Iraqi dinars, for the period from February 10 to March 10, 2025.
The Ministry of Finance also offered, in the middle of last year, government bonds under the name “Injaz” for public subscription, in the category of 500 thousand dinars, for a period of two years with an annual interest of 6.5 percent paid every six months, and a bond in the category of one million dinars for a period of four years with an annual interest of 8.5 percent paid every six months link
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Mot: ..... Remember That Contractor!!!!
**
Mot: I don't understand. Myparents taught me to be honest
Our teacher asked what my favorite animal was, and I said, "Fried chicken." She said I wasn't funny, but she couldn't have been right, because everyone else laughed. My parents told me to always tell the truth. I did. Fried chicken is my favorite animal.
I told my dad what happened, and he said my teacher was probably a member of PETA. He said they love animals very much. I do, too. Especially chicken, pork and beef. Anyway, my teacher sent me to the principal's office. I told him what happened, and he laughed, too. Then he told me not to do it again.
The next day in class my teacher asked me what my favorite live animal was. I told her it was chicken. She asked me why, so I told her it was because you could make them into fried chicken. She sent me back to the principal's office. He laughed, and told me not to do it again.
I don't understand. My parents taught me to be honest, but my teacher doesn't like it when I am. Today, my teacher asked me to tell her what famous person I admired most. I told her, "Colonel Sanders." Guess where I am now...
More News, Rumors and Opinions Wednesday PM 2-19-2025
KTFA:
Clare: Sistani’s office expects the beginning and end of Ramadan without completing the waiting period
2/19/2025
The office of the highest Shiite authority in Iraq, Ayatollah Ali al-Sistani, predicted today, Wednesday, the beginning of the month of Ramadan for the year 2025.
The office expected that the month of Ramadan would begin on Sunday, the second of March, and end on the 30th of the same month.
According to the calendar published by the office, the month of fasting will not be complete for 29 days.
KTFA:
Clare: Sistani’s office expects the beginning and end of Ramadan without completing the waiting period
2/19/2025
The office of the highest Shiite authority in Iraq, Ayatollah Ali al-Sistani, predicted today, Wednesday, the beginning of the month of Ramadan for the year 2025.
The office expected that the month of Ramadan would begin on Sunday, the second of March, and end on the 30th of the same month.
According to the calendar published by the office, the month of fasting will not be complete for 29 days. LINK
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Clare: Kuwait decides to include Iraqis in electronic tourist entry visas
2/19/2025
The Iraqi Ambassador to Kuwait, Al-Manhal Al-Safi, announced his thanks to Kuwait for the decision to include Iraqi citizens in electronic tourist entry visas starting yesterday, Tuesday.
Al-Safi said in a statement to reporters on the sidelines of his attendance at the Japanese embassy’s celebration of the National Day: “This step comes as a culmination of the efforts made by the Iraqi embassy in the country in cooperation with the Kuwaiti authorities, and it also came against the backdrop of the success achieved during the Gulf Cup Football Championship {Gulf 26}, noting that this step aims to strengthen bilateral relations between the two brotherly countries.”
Regarding the mechanism for obtaining visas, Al-Safi explained that the same mechanism adopted by the Kuwaiti authorities for the entry of Iraqi tourists with a tourist visa has been adopted, adding, “It can be obtained by entering the Kuwaiti Ministry of Interior website {Kuwait Visa} and filling out all the requirements for the entry visa, including the availability of a hotel reservation, or an address within the State of Kuwait.”
He added, “The validity period of entry with a tourist visa will be one month by land or air.”
On the other hand, the Iraqi ambassador praised the results of the eighth meeting of the Technical Legal Committee, which was held last Sunday in Kuwait in a positive atmosphere, noting that the meeting was held according to the agreed upon mechanism to hold it periodically every two months in the capitals of the two brotherly countries, as the previous meeting was held in Baghdad.
He stressed that the meetings are ongoing and take their time, and that each meeting produces new horizons, noting that pushing these negotiations forward reflects the desire of the two brotherly countries to move forward in drawing the roadmap. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Article: “Britain: Iraqi government supports private sector, encourages international investment” Iraq is making headway and the Iraqi-British Council see what Iraq has to offer for international investment and the private sector! The World Bank is in agreement! The signs of Iraq opening to the International Financial System are everywhere Al-Sudani Prime Minister of Iraq turns! It is truly amazing to watch take shape! All investors in the Iraqi dinar should be smiling large! I know I am.
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Saleh on television…he says the Iraqi dinar will regain its strength and the exchange rate will return to balance sooner or later. FRANK: This is the Finance Minister telling the Iraqi citizens, ‘Hey, the Iraqi dinar will regain its strength’. So you’re trying to tell us that 1310 is going to be soon removed… 1310 is an imbalanced rate. What is balanced? IMO anything at 1 to 1 and above… FIREFLY: He also said this decision depends on completing the methodology of the financial and banking reforms. FRANK: Consider this the final countdown.
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“Wall Street Talk Of Gold Revaluation Is Drawing Attention”
Arcadia Economics: 2-19-2025
First Treasury Secretary Scott Bessent talks about ‘monetizing the assets on the US balance sheet for the people,’ and now Bloomberg is publishing articles about how a gold revaluation is drawing a lot of attention on Wall Street.
Which makes it an exciting time in the gold and silver markets.
And in today’s show we go through the Bloomberg article, some of the latest signs of tightness in the precious metals markets, and all of the latest news. So to find out more, click to watch the video now!
Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 2-19-25
Good Afternoon Dinar Recaps,
FRANKLIN TEMPLETON LAUNCHES TOKENIZED U.S. TREASURY FUND IN LUXEMBOURG
Franklin Templeton, a leading global asset manager, announced on Wednesday the launch of its tokenized U.S. Treasury fund in Luxembourg, broadening access for institutional investors across Europe.
The First Fully Tokenized U.S. Gov’t Fund
Notably, the Franklin OnChain U.S. Government Money Fund is the first fully tokenized Luxembourg-based fund investing in U.S. government securities, as per the press release. This would mean that Shares in the fund are recorded and transferred on the blockchain using Franklin Templeton’s platform, improving efficiency, transparency, and security.
Good Afternoon Dinar Recaps,
FRANKLIN TEMPLETON LAUNCHES TOKENIZED U.S. TREASURY FUND IN LUXEMBOURG
Franklin Templeton, a leading global asset manager, announced on Wednesday the launch of its tokenized U.S. Treasury fund in Luxembourg, broadening access for institutional investors across Europe.
The First Fully Tokenized U.S. Gov’t Fund
Notably, the Franklin OnChain U.S. Government Money Fund is the first fully tokenized Luxembourg-based fund investing in U.S. government securities, as per the press release. This would mean that Shares in the fund are recorded and transferred on the blockchain using Franklin Templeton’s platform, improving efficiency, transparency, and security.
The fund operates on the Stellar XLM network and is available to institutional investors in eight European countries, including Austria, France, Germany and Italy, following regulatory approval in October. Notably, the U.S. version of the fund, launched in 2021, has gained over $580 million in assets but is only available to U.S. investors, according to rwa.xyz data.
European Investors Gain Access to Efficient Investment Option
This launch gives institutional investors in eight European countries access to a more efficient and transparent investment option. By using blockchain, it modernizes transactions and emphasizes the growing role of tokenization in finance. As real-world asset tokenization rises, it’s clear that traditional finance and crypto are merging.
Tokenized U.S. Treasuries are leading the charge in real-world asset tokenization, growing into a $4 billion market this year. Franklin Templeton was the first major financial institution to launch such a product, making it the third-largest tokenized treasury fund by assets, Hashnote’s USYC and BUIDL, issued by BlackRock and Securitize.
Franklin Templeton Expands Tokenized Treasury Fund to Solana
Recently, Franklin Templeton announced expanding its tokenized treasury fund to Solana. This move followed the registration of the Franklin Solana Trust in Delaware previously. The fund also known as Franklin OnChain U.S. Government Money Fund (FOBXX) was made accessible on eight blockchains, adding Solana to its previous networks, which included Stellar, Aptos, Avalanche, Arbitrum, Polygon, Base, and Ethereum.
@ Newshounds News™
Source: Coinpedia
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BRICS: RUSSIA EXPLORES MAJOR PARTNERSHIP WITH THE U.S
BRICS member Russia is exploring major partnerships with the U.S. to help its economy stay afloat. The Biden administration pressed sanctions on Russia in February 2022 for invading and waging war against its neighboring country Ukraine.
The White House sent billions to Zelensky through funds, warplanes, and military equipment. Despite receiving billions, Zelensky repeatedly demanded more and gained funds from the U.S. and the European Union (EU).
Russia is now eyeing deals with the Trump administration to save its economy from collapsing. The U.S. and BRICS member Russia discussed possible cooperation on energy projects in the Arctic during a meeting in Saudi Arabia.
Kirill Dmitriev, the head of the state-owned Russian Direct Investment Fund (RDIF) confirmed that both sides negotiated some “specific areas of cooperation” and also discussed other economic policies in broad strokes.
BRICS: Russia & U.S. Look at Energy Projects in the Arctic Region
Dmitriev revealed that BRICS member Russia and the U.S. may initiate joint energy projects in the Arctic region. “It was more a general discussion — maybe joint projects in the Arctic. We specifically discussed the Arctic,” Dmitriev said. The discussions are yet to turn into official policy as both sides are weighing their options.
If the deal goes through with the U.S., BRICS member Russia could get an economic boost that could bolster its GDP. Russia’s economy has been stagnant and Putin was finding alternative options to settle trade. Trump made it clear that he wants the U.S. to dominate the oil and gas sector leaving no room for others.
Dmitriev said that BRICS member Russia is confident that a new energy deal with the U.S. could go through. Russia is “Positive after the Biden administration destroyed all of the communication, and destroyed all of the discussion,” he said. A new chapter in the energy sector could open up if the U.S. and Russia’s Arctic oil deal goes through.
@ Newshounds News™
Source: Watcher Guru
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@ Newshounds News™
Source: CoinTelegraph on Telegram
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@ Newshounds News™
Source: BricsNews on Telegram
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