News, Rumors and Opinions Thursday AM 3-13-2025

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. 13 March 2025

Compiled Thurs. 13 March 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Tues. 11 March 2025 Wolverine: “Big Bond Holders are flying to the US right now. We have big news that this is the week we have been waiting for. There is good news from Iraq that it’s going to get released. We’re hearing good news from lots of platforms.”

Tues. 11 March 2025: DINAR REVALUATION: WALKINGSTICK: He got a rumor that there’s a rate and a date!! @DINARREVALUATION #iraqidinarinvestor

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

Tues. 11 March 2025 Bruce:

On Sunday 9 March 2025 a valid source reported that Iraq had a new Dinar rate that has been moving up in value ever since.

Today Tues. 11 March the same source said that they were about to pay out on Wed. 12 March back pay for three months to Iraqis at the new Dinar Rate.

Bond Holders (Tier 3) started today Tues. 11 March to be paid out and will continue for the next five days.

Tier4b was to receive notifications for appointments within the next 24-48 hours.

When the toll free numbers come out Redemption Centers are to be ready for exchanges within the next three hours.

Other sources reported that exchanges were to start next Friday, Sat. or Sunday.

Tues. 11 March 2025: The IRS is distributing a one time Disability Payment of $7,500 in stimulus checks in 2025 to eligible seniors and individuals with qualifying disabilities as part of the senior tax credit for Elderly and Disabled receiving taxable Disability Income.

Mon. 10 March 2025: BOOOMB OF THE YEAR! Trump Uncovers the Truth About Fort Knox – WHERE IS AMERICA’S GOLD?! – amg-news.com – American Media Group

Wed. 12 March 2025: US DEBT CLOCK: SILVER DESTROYS THE FEDERAL RESERVE’S LIES – THE MONETARY REVOLUTION HAS BEGUN! BOOOM!!! – amg-news.com – American Media Group

The Quantum Financial System (QFS) has been operating behind the scenes, monitoring all banking transactions in preparation for its full activation.   …JFK Awakening on Telegram

The End of the Cabal’s Banking Empire: The QFS will replace the Swift system with an un-hackable, AI-driven network supported by the Secret Space Program.

It was designed to dismantle the Deepstate’s control, preventing illigal wealth accumulation through usury, fraud, and theft.

The days of corruptt politicians and bankers laundering money in secrecy are over—QFS monitors every transaction in real time.

The QFS has been running parallel to the existing system, exposing financial corruption.

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

Global Financial Crisis:

Wed. 12 March 2025: Breaking News: BlackRock Files for Bankruptcy! The Unbelievable Collapse of a Financial Giant …JFK Awakening Q17 on Telegram

BREAKING NEWS: BlackRock, the world’s largest asset manager, has shockingly filed for bankruptcy, marking the downfall of a financial giant built on corruption. Global sanctions and internal mismanagement have toppled this financial titan, sending shockwaves through the global economy.

BlackRock has officially collapsed in one of the most shocking turns in financial history. Yes, the company that shaped economies and influenced global markets is now crumbling under the weight of its misdeeds. This colossal downfall raises a burning question: how could such a powerful firm fall so spectacularly?

The answer lies in the collapse of the corrupt financial machinery that fueled BlackRock’s rise. Sanctions have smashed the web of secret deals and hidden financial backdoors that once sustained it. BlackRock relied on unregulated strategies and opaque investment tactics, ignoring the warning signs as the world moved toward transparency.

The beginning of the end came with sanctions targeting offshore banking and shadow financial systems. These bureaucratic tools cut off the dirty money that had propped up BlackRock’s operations. The firm could no longer thrive in a world where secrecy was currency; it was exposed, leaving its business model unviable.

Arrogance and Overconfidence: BlackRock’s Fatal Flaw. For years, BlackRock operated under the illusion of invincibility, believing it was untouchable. This arrogance blinded them to the changing tides of regulation and transparency. As internal chaos grew, with executives divided over the firm’s direction, indecision sealed its fate.

BlackRock’s bankruptcy isn’t just a story about one company’s failure; it’s a global financial earthquake. The implications are far-reaching, likely triggering a domino effect across the world economy. From pension funds to government bonds, the fallout will be immense.

You might wonder, “How does BlackRock’s bankruptcy affect me?” The answer is simple: its collapse will likely cause significant losses for pension funds heavily invested in its products. Global markets, already shaky, could experience further turmoil as the reality of BlackRock’s downfall sinks in.

A Cautionary Tale for Other Financial Giants. The collapse of BlackRock serves as a stark reminder that even the mightiest giants can fall. As we stand on the brink of a new financial order, companies built on secrecy and corruption will struggle to survive. We could be witnessing the beginning of a new era where transparency and accountability take center stage.

In the end, BlackRock’s bankruptcy is a tale of greed, corruption, and a refusal to adapt. As the dust settles, the world will be left to rebuild a broken financial system—one that emerges stronger, more transparent, and more accountable in the wake of BlackRock’s spectacular failure.

Read full post here:  https://dinarchronicles.com/2025/03/13/restored-republic-via-a-gcr-update-as-of-march-13-2025/

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

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

Frank26 1310 is no longer top secret.  The new exchange rate is top secret.  The fact that there's a new rate is not secret and it's not a top secret...Why Digital currency?  Because the whole world now knows that it's not a secret that Iraq has a new exchange rate...The world know the truth about the CBI...  

Mnt Goat    ...it is important to see and understand just what is really happening in Iraq and what has to change...They need to peg the dinar to a basket to prevent these wide swings every time there is a hiccup in the oil market pricing of oil...the value of the Iraqi dinar is already there...they have large quantities of oil reserves...along with the other products ...gold stockpiles and the monetary CBI reserves, the assets can [make] the dinar rate far greater than 1/6 of a penny for a dinar...they are still artificially suppressing the dinar and I believe they are still holding to this Obama/Biden foreign policy due to the economic war between Iran and the US, at lease for the time being. The currency resetting has to take place as some point...

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

LBMA & COMEX Drained Of Gold/Silver | Phil Low

Liberty and Finance:  3-12-2025

Phil Low discusses the current financial landscape, touching on critical issues such as the potential for a gold revaluation and the doomed mark-to-market proposal.

He delves into understanding gold as a price matrix, highlighting its importance in navigating economic uncertainty. Low warns about an impending hyperinflationary panic, explaining the stages of the "Crack-Up Boom" and the early signs of its onset.

He also explores the broader societal effects of inflation, particularly its impact on morality and societal values.

 The conversation wraps up with Low's insights into the future economic outlook and what individuals and institutions should anticipate moving forward.

INTERVIEW TIMELINE:

0:00 Intro

1:54 The Endgame & hyperinflation

 30:00 Inflation & societal degradation

39:46 The Bitter Draught

https://www.youtube.com/watch?v=VpC-385vTcs

“Tidbits From TNT” Thursday Morning 3-13-2025

TNT:

Tishwash:  IMF Discusses Strengthening Iraqi Dinar

Iraq's delegation concluded its meetings with the International Monetary Fund (IMF) in Amman (February 24-26), with participants including Minister of Finance Taif Sami and the Governor of the Central Bank of Iraq (CBI).

Discussions focused on Iraq's economic performance and sustainable growth prospects, with the IMF acknowledging the progress made.

Key discussions included:

Non-oil GDP growth of 5% in 2024, driven by agriculture expansion and increased public spending, with 3.5% growth expected in 2025.

Reduced dependence on oil revenues, improving economic diversification and stability.

Review of actual 2024 expenditures and 2025 revenue forecasts, alongside strategies for deficit financing.

Public debt strategy update, ensuring fiscal sustainability and investor confidence in government bonds.

Financial sector reforms, with the IMF stressing the importance of banking modernization to attract foreign capital.

Expanded collaboration with international correspondent banks to facilitate trade financing.

Increased use of the Iraqi dinar in major transactions to strengthen the national currency.

The IMF reaffirmed its support for Iraq's financial policy development, offering advisors and experts to assist the Ministry of Finance in public debt management and tax system improvements.

The meetings underscored Iraq's commitment to fiscal reforms, promoting economic stability and investment-friendly policies, in line with its strategic partnership with the IMF. link

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

Tishwash:  It amounts to 216 trillion... A date has been set for submitting the budget tables to Parliament. 

Deputy Chair of the Parliamentary Finance Committee, Ikhlas al-Dulaimi, ruled out the government's submission of budget schedules within the next two months on Wednesday, while confirming that the 2025 budget amounts to 216 trillion Iraqi dinars.

Al-Dulaimi said, "The Ministry of Finance has not yet sent the 2025 budget tables to the Council of Ministers, even though they were supposed to be sent in October 2024, in accordance with the Financial Management Law, for approval before the start of the new year."

She added, "The total budget amount is 216 trillion dinars, while actual spending is estimated at about 160 trillion dinars."

Al-Dulaimi ruled out "sending the tables to the House of Representatives within the next two months," noting that "the Ministry of Finance has not yet completed their preparation, which could lead to the postponement of budget approval until after the elections."

Last February, the Iraqi Parliament voted on the draft law amending the first law of the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023 - 2024 - 2025) No. (13) of 2023.  link

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

Tishwash:  Kurdistan Region confirms oil sales through SOMO: We will give our money to Baghdad

The Kurdistan Regional Government (KRG) on Wednesday affirmed the region's firm position to implement an amendment to the budget law, allowing the region's oil to be exported and sold through SOMO, with the proceeds returned to the federal Ministry of Finance.

A statement issued by the Kurdistan Regional Government's Council of Ministers, seen by Al-Eqtisad News, said, "The President of the Council, Masrour Barzani, held a meeting attended by his deputy, Qubad Talabani, during which the Prime Minister instructed the Ministry of Finance and Economy to prepare a schedule for distributing salaries to Kurdistan Region employees for the month of February, after the deposit of 958 billion dinars into the ministry's account for that month."

The Council decided to begin distributing salaries starting tomorrow. All ministries and institutions were also tasked with preparing March payrolls as soon as possible and sending them to the Federal Ministry of Finance, with the goal of disbursing them before the Eid al-Fitr holiday.

The statement confirmed that "in the first part of the meeting, Kamal Mohamed Saleh, Acting Minister of Natural Resources, reviewed the latest developments in the joint meetings between the Ministry of Natural Resources and the Federal Ministry of Oil, in the presence of representatives of oil companies."

The minister explained the efforts being made to resume the region's oil exports within the framework of the federal budget law. The Council of Ministers commended the Ministry of Natural Resources' efforts to accelerate the process of resuming oil exports and its joint work with the Iraqi Ministry of Oil to resolve the obstacles related to the process. 

The Council also affirmed the "regional government's firm position to implement the amendment to the budget law so that the region's oil is exported and sold through SOMO and its revenues are returned to the federal Ministry of Finance." link

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

Mot: .... Allllllllll Aboard!!!! 

Mot: poooor ole ""Earl"" 

More News, Rumors and Opinions Wed.PM 3-12-2025

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 Wed. 12 March 2025

Compiled Wed. 12 March 2025 12:01 am EST by Judy Byington

Possible Timing:

Tues. 11 March 2025: GLOBAL FINANCIAL EMERGENCY! GLOBAL CURRENCY RESET IS HERE! …John F. Kennedy Jr. on Telegram

The world is on the brink of a catastrophic financial collapse! The Global Currency Reset (GCR), NESARA GESARA, and the Quantum Financial System (QFS) are no longer whispers in the dark. The Storm is here, and the elites are scrambling to contain the fallout before the truth reaches YOU!

The Black Swan Event is unfolding before our eyes! The world’s top economies are INSOLVENT! The U.S., Canada, Europe, Japan, Israel, the U.K., Taiwan, Australia, and New Zealand CANNOT sustain their debt any longer. The financial system is crumbling, and a monumental shift is coming that will change everything!

THE GREAT RESET VS. THE PEOPLE’S RESET! They want you distracted while they rewrite the financial order behind closed doors. But here’s the TRUTH: The QFS is set to replace the corruptt banking system that has enslaved us for centuries! This system, rumored to be gold-backed and fully decentralized, will eliminate the central banks and their criminal grip on global finance.

The elites know they are running out of time. They NEED the crash to happen on THEIR terms. They NEED you to be unprepared. But we see through their deception!

THE EMERGENCY BROADCAST SYSTEM (EBS) IS COMING! In the midst of this chaos, the EBS is primed for activation! Why? Because when the markets implode, when the banks fail, when the truth about NESARA GESARA is finally revealed, the world will enter a new era of financial sovereignty!

We are at the point of no return. The Federal Reserve is dead. The IMF is scrambling. The dollar is collapsing, and the fiat money system is burning to the ground. What will rise from the ashes? A fair, asset-backed system that restores power to the people!

WHAT YOU NEED TO DO NOW! Get cash in hand before bank closures hit! Exit fiat currency NOW – gold, silver, and cryptos (XRP, XLM, XDC) will be the new financial foundation!

Watch for EBS activation – the final revelation is coming! The elites are terrified because the people are waking up. The storm is here, and NOTHING can stop what’s coming! Prepare for impact, because the financial war is about to reach its climax!

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

Global Currency Reset:

Tues. 11 March 2025 Wolverine: “Big Bond Holders are flying to the US right now. We have big news that this is the week we have been waiting for. There is good news from Iraq that it’s going to get released. We’re hearing good news from lots of platforms.”

~~~~~~~~~~~

Tues. 11 March 2025 Bruce:

On Sunday 9 March 2025 a valid source reported that Iraq had a new Dinar rate that has been moving up in value ever since.

Today Tues. 11 March the same source said that they were about to pay out on Wed. 12 March back pay for three months to Iraqis at the new Dinar Rate.

Bond Holders (Tier 3) started today Tues. 11 March to be paid out and will continue for the next five days.

Tier4b was to receive notifications for appointments within the next 24-48 hours.

When the toll free numbers come out Redemption Centers are to be ready for exchanges within the next three hours.

Other sources reported that exchanges were to start next Friday, Sat. or Sunday.

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

Tues. 11 March 2025: DINAR REVALUATION: WALKINGSTICK: He got a rumor that there’s a rate and a date!! @DINARREVALUATION #iraqidinarinvestor

Read full post here:  https://dinarchronicles.com/2025/03/12/restored-republic-via-a-gcr-update-as-of-march-12-2025/

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

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  The governor of the Central Bank Alaq just announced that on Saturday there is an imminent transformation of banks…pointing out that Iraq will witness a comprehensive digital transformation in the financial sector.  On a program rate?  FRANK:  No not on a program rate.  This is another indication, another hint, another clue that points in the direction of where we’re going.  All of this is preparation.  All this preparation we are witnessing is not for a program rate and the world knows it.

Mnt Goat    …it is important to see and understand just what is really happening in Iraq and what has to change…They need to peg the dinar to a basket to prevent these wide swings every time there is a hiccup in the oil market pricing of oil…the value of the Iraqi dinar is already there…they have large quantities of oil reserves…along with the other products …gold stockpiles and the monetary CBI reserves, the assets can [make] the dinar rate far greater than 1/6 of a penny for a dinar…they are still artificially suppressing the dinar and I believe they are still holding to this Obama/Biden foreign policy due to the economic war between Iran and the US, at lease for the time being. The currency resetting has to take place as some point…

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

The Coming Economic Reset in 2025 with Edward Dowd

WTFinance:  3-12-2025

On this episode of the WTFinance podcast I had the pleasure of welcoming on Edward Dowd. Edward is the Founder of Phinance Technologies and author of Cause Unknown.

During our conversation we spoke on his current views on the markets, why the economy is struggling, Mainstreet vs Wallstreet, Biden immigration policy, shift from capital to labour, economic reset, which assets to perform and more. I hope you enjoy!

0:00 - Introduction

1:34 - Current view of markets?

5:55 - Why was economy struggling?

8:56 - Biden immigration policy

11:14 - Mainstreet vs Wallstreet

13:42 - Government spending, regulation, spending

16:02 - Shift from capital to labour?

18:00 - Global Economy

22:00 - Force Powell to cut rates?

 23:12 - Secular shift?

25:20 - System leverage

27:22 - Which assets to perform?

 30:07 - One message to takeaway?

https://www.youtube.com/watch?v=vhM-g3Ijd60

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 3-12-25

Good Afternoon Dinar Recaps,

IRAQ’S 2025 BUDGET WON’T REACH PARLIAMENT IN NEXT TWO MONTHS

Shafaq News/ Iraq’s government is unlikely to submit the 2025 budget tables to parliament within the next two months, a senior lawmaker said on Wednesday.

Ikhlas al-Dulaimi, deputy head of the Parliamentary Finance Committee, told Shafaq News that the Finance Ministry had yet to send the budget tables to the cabinet, despite a legal requirement to do so by October 2024 for approval before the new fiscal year.

"The total budget amounts to 216 trillion dinars (about $165B), while actual expenditures are estimated at around 160 trillion dinars (about $122,)" al-Dulaimi said, ruling out the possibility of sending the tables to parliament soon, which could push the approval process into Iraq’s election period.

In February, Iraq’s parliament passed the first amendment to the federal general budget law for the fiscal years 2023–2025, originally enacted as Law No. 13 of 2023.

@ Newshounds News™
Source:  Shafaq

~~~~~~~~~

AMERICA MUST BACK PRO-STABLECOIN LAWS, REJECT CBDCS — US REP. EMMER

Emmer called CBDCs a “threat to American values” and reintroduced the Anti-Surveillance State Act to block a federal digital dollar.

US Representative Tom Emmer argued for prioritizing pro-stablecoin legislation in a March 11 House Financial Services Committee hearing, while calling central bank digital currencies (CBDC) a threat to American values.

On March 6, Emmer reintroduced the CBDC Anti-Surveillance State Act in the House of Representatives. Emmer renewed his call for Congress to pass the legislation at the March 11 hearing. The legislation aims to block future administrations from launching a US CBDC without explicit approval from Congress.

“CBDC technology is inherently un-American,” Emmer said at the hearing, warning that allowing unelected bureaucrats to issue a CBDC “could upend the American way of life.”

On Jan. 23, President Donald Trump signed an executive order prohibiting “the establishment, issuance, circulation, and use” of a CBDC in the US. Emmer said that the legislation he reintroduced could “prevent a future administration from creating such an obvious tool for financial surveillance against its own citizens” if signed into law, citing concerns about privacy and financial independence.

At the same hearing, Paxos CEO Charles Cascarilla urged lawmakers to create consistent stablecoin regulations across jurisdictions to avoid regulatory arbitrage. Paxos, a significant issuer of stablecoins, recommended clear guidelines and reciprocal rules with global regulators:

“We want to make sure we have the same set of rules in the US as we have around the world so that there isn’t some arbitrage that is possible to issue from another jurisdiction. And by having that same set of rules that everyone has to meet in order to access the US market, it will actually create a race to the top, not a race to the bottom.”

Emmer, a Minnesota Republican, also criticized inherent privacy risks associated with CBDCs, saying that stablecoins could bring traditional finance onchain at a global scale while reserving privacy:

“This underscores why we must prioritize pro-stablecoin legislation alongside anti-CBDC legislation.”

Against the backdrop of rapid pro-crypto developments, a report by the Center for Political Accountability (CPA) raised concerns about the growing political influence of crypto companies in the US and potential risks to regulatory stability.

Cryptocurrency firms shelled out a cumulative $134 million on the 2024 US elections in “unchecked political spending,” which presents some critical challenges, the March 7 report said.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

"Wait for my post" Isaac 

Once Isaac has been funded he will post the word "VICTORY" 

“But understand I do not have contacts." Isaac

"I have buyers, the us treasury, DOD, Admiral , HSBC several big platforms that I have signed contracts with all and they paid already for the inspection several times" Isaac

Isaac's Room Link

Isaac Website Link 

Read more Living Room Link

@ Newshounds News™

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

There’s Only 0.04% of USA’s GOLD Left. Can Trump Buy it Back For $42? | Mike Maloney

There’s Only 0.04% of USA’s GOLD Left. Can Trump Buy it Back For $42? | Mike Maloney

3-12-2025

Ever wonder who really owns America’s gold—and why so much secrecy surrounds it?

In this eye-opening video, Mike Maloney uncovers the shocking truth: 99.96% of the nation’s gold reserves are under lien to the Federal Reserve, leaving a mere 0.04% truly unencumbered.

Tracing the story back to President Franklin D. Roosevelt’s controversial 1933 gold nationalization, Mike reveals how the government—and the Fed—took complete control of America’s “base money.”

Discover how our gold-based monetary system was replaced by paper currency, why it may violate the Constitution, and how the nation’s gold might still be stuck in a giant “pawn shop” arrangement to this day.

Don’t miss this exposé on the hidden history of America’s gold—and what it could mean for your financial future.

https://www.youtube.com/watch?v=glZy3iS85LQ

Recession by Design, Buckle up for Turbulence

Recession by Design, Buckle up for Turbulence

Liberty and Finance:  3-12-2025

In a recent appearance on Liberty and Finance, the anonymous financial commentator Doomberg delivered a stark warning about the current economic climate, predicting an impending recession and dissecting the potential strategies a future Trump Administration might employ to navigate the turbulent waters.

Doomberg painted a picture of an overvalued stock market on the precipice of a correction, fueled by unpredictable global supply chains and escalating geopolitical tensions.

Doomberg’s core argument centers on the inevitability of a recession. He believes the current market valuations are unsustainable, a bubble waiting to burst.

This reckoning, he suggests, will be exacerbated by the fragility of global supply chains, easily disrupted by unforeseen events, and a stock market ill-prepared for a significant downturn.

Beyond the purely economic factors, Doomberg highlighted the geopolitical complexities stemming from the ongoing conflict in Ukraine. He speculated that a Trump Administration might leverage these tensions to benefit the U.S. financially. While the exact nature of this leverage remained undefined, the implication is that Trump would exploit the situation to strengthen the U.S. position on the world stage.

Doomberg further explored how Trump’s potential policies, particularly his emphasis on fiscal conservatism, could impact the market.

He envisions a scenario where Trump’s austerity measures trigger a significant market correction. This correction, while painful in the short term, would ultimately pave the way for a more sustainable and robust recovery.

The conversation culminated in a bullish outlook, albeit one contingent on navigating the coming recession successfully. Doomberg anticipates that Trump’s handling of the crisis could result in a post-crisis economic boom, echoing the recovery seen after the 2008 financial crisis.

This optimistic prediction hinges on the idea that a necessary correction, followed by strategic economic maneuvering, could ultimately set the stage for future growth and prosperity.

Doomberg’s analysis serves as a timely reminder that the financial landscape is constantly evolving and that a nuanced understanding of both economic fundamentals and geopolitical forces is essential for navigating the challenges and opportunities ahead.

While predictions should always be viewed with a degree of skepticism, the insights shared by Doomberg offer valuable food for thought in these uncertain times.

https://youtu.be/F6p826PuU7Y

Seeds of Wisdom RV and Economic Updates Wednesday Morning 3-12-25

Good Morning Dinar Recaps,

U.S. HOUSE OVERTURNS IRS DEFI RULE: TRUMP’S FIRST CRYPTO LAW AHEAD?

U.S. lawmakers voted to cancel an IRS rule that required crypto companies, including DeFi platforms, to collect and report taxpayer and transaction information. 

The House passed the vote 292-132, following the Senate’s decision to reject the rule that was finalized during the final days of former President Biden’s administration. This could change how crypto businesses are regulated.

Fox Business Journalist Eleanor Terrett noted that due to a rule that budget-related bills must start in the House, the Senate will need to vote on the resolution one more time. Once that vote passes, it will go to President Trump’s desk as the first crypto-related bill to become law.

Missouri Republican Jason Smith urged lawmakers to support the resolution, saying the IRS rule could hurt U.S. businesses and stifle innovation. He added that the rule might be impossible to enforce, as DeFi platforms are different from centralized crypto exchanges or banks and cannot gather the required user information to comply with the rule.

Last week, 70 Senators voted to overturn the IRS rule, with Trump’s advisers urging him to sign it. Rep. Jason Smith (R-Mo.) noted the Senate must approve it again due to budget rules. If signed, the IRS would be blocked from enforcing similar rules in the future.

Illinois Democrat Danny Davis argued the rule was part of the 2021 Infrastructure Act, comparing crypto to stocks and saying crypto platforms should report like stock brokers. Meanwhile, North Carolina Republican Tim Moore claimed the rule overstepped and could harm U.S. innovation in digital assets.

Texas Democrat Lloyd Doggett called the resolution “special interest legislation,” saying that it could help tax cheats, criminals, and terrorist financiers, and add $4 billion to the national debt, going against President Trump’s goal to cut the debt.

@ Newshounds News™
Source:  Cooinpedia

~~~~~~~~~

COINBASE GETS GREEN LIGHT TO OPERATE IN INDIA AFTER RECEIVING APPROVAL FROM REGULATORS

Top US-based crypto exchange Coinbase has received approval from India’s Financial Intelligence Unit (FIU) to resume operations in the country after ceasing activities in early 2023 due to regulatory issues.

According to a Coinbase press release, the approval enables the leading US exchange to offer crypto trading services in one of the world’s fastest-growing digital asset markets – India.

Coinbase has announced plans to introduce retail trading services in the country later this year, followed by additional investment products curated for Indian customers.

Says John O’Loghlen, Coinbase’s Regional Managing Director for Asia-Pacific,

“India’s developer community and entrepreneurial energy are unmatched. But too often, young Indian entrepreneurs have felt forced to look abroad to build global companies. Crypto can change that. By expanding access to our trusted platform and tools such as Base, we aim to empower a new generation of builders to stay home, innovate locally, and scale globally.”

The exchange says that India is a “global technology powerhouse home to one of the most vibrant startup ecosystems,” making it a natural fit for Coinbase’s international expansion.

Coinbase joins other global exchanges, including Binance and KuCoin, that have recently received similar approvals.

@ Newshounds News™
Source:  DailyHodl

~~~~~~~~~

Seeds of Wisdom Team Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

“Tidbits From TNT” Wednesday Morning 3-12-2025

TNT:

Tishwash:  Iraq, World Bank discuss enhancing financial cooperation

Finance Minister Taif Sami stressed the importance of the ongoing partnership with the World Bank, and Iraq's aspiration to benefit from the technical and financial support provided by the bank in implementing strategic projects to stimulate economic growth and provide job opportunities, especially in areas including infrastructure and human development.

This came during her reception of the World Bank Representative to Iraq, Jean-Christophe Carret, and his accompanying delegation.

The meeting discussed ways to enhance economic and financial cooperation between Iraq and the World Bank. It reviewed a number of key topics related to enhancing financial stability in Iraq, in addition to discussing development projects that the two parties seek to implement with the aim of achieving sustainable development.

For his part, the World Bank representative expressed the bank's commitment to continue supporting Iraq in achieving its development goals, noting that the World Bank pays great attention to enhancing Iraq's ability to face economic and development challenges, with a focus on sustainable development and achieving comprehensiveness in the benefits achieved. link

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

Tishwash:  I don't think there is any new information in this article but they have posted it again

Iraq is preparing to launch the digital dinar... a step towards a cashless economy!

 The Central Bank of Iraq is preparing to launch a national digital currency as part of a gradual shift toward a digital financial system aimed at reducing the use of paper money and enhancing transparency and financial inclusion.

The initiative relies on modern payment technologies and seeks to reduce transaction costs and combat money laundering.

Despite the ambition, experts question the project's success due to challenges related to weak trust in the banking system and the lack of adequate digital infrastructure. The Central Bank, meanwhile, reiterates its rejection of cryptocurrencies, deeming them illegal, and warns against the activity of fictitious trading companies in the local market. The Governor of the Central Bank of Iraq, Ali Al-Alaq, revealed that the country's financial and banking system is undergoing fundamental transformations, most notably the gradual decline in the use of paper currency in favor of digital payments.

During his speech at the Ninth Finance and Banking Conference and Exhibition, Al-Alaq confirmed that the Central Bank is working to create its own digital currency, which will be gradually introduced as an alternative to paper currency, following the experiences of several global central banks.

The Central Bank of Iraq announced on December 16 that it would not grant any licenses to stock, metals, and cryptocurrency trading companies, warning against the activity of fictitious companies claiming to have official licenses.

Despite the growing global spread of cryptocurrencies, Iraq doesn't appear close to entering this high-risk digital world. According to experts, these digital assets do not represent a real addition to the Iraqi economy, which is primarily based on oil exports and dollar transactions in global markets.

Financial affairs expert Mustafa Hantoush told Al-Mada that "Iraq does not have a legislative or economic environment capable of accommodating these currencies. Rather, they could become a tool for speculation and money laundering in the absence of oversight and regulation."

He pointed out that "dealing in them is limited and informal, via external platforms and offices in neighboring countries, exposing investors to the risk of loss and fraud."

Furthermore, according to Hantoush, cryptocurrencies are not based on real reserves or bank guarantees, making them highly volatile and unreliable in fragile markets such as Iraq's. According to economic researcher Ziyad al-Hashemi, the initiative to launch the "digital dinar" is an attempt to eliminate the chronic problems plaguing the monetary system, but its success remains in doubt.

In an interview with Al-Mada, Al-Hashemi explained, "There is a fundamental difference between digital currency and cryptocurrencies. Digital currencies, such as the digital dollar or the digital dirham, are issued and regulated by central banks and are managed within an official regulatory framework. Meanwhile, cryptocurrencies, such as Bitcoin, operate within a decentralized system that is not subject to any regulatory authority and are highly volatile in value due to their dependence on supply and demand."

Bitcoin was the first cryptocurrency, emerging in 2009 as a response to the global financial crisis. It was designed to operate outside the regulatory framework of central banks, making it an attractive tool for some, particularly in digital circles and criminal networks, due to the privacy and speed of money transfers it provides, free from government restrictions. Transactions in Bitcoin are a legal violation, subjecting perpetrators to the provisions of Anti-Money Laundering and Terrorism Financing Law No. 39 of 2015.

The bank issued an official statement during the recent dollar crisis, emphasizing that trading in cryptocurrencies is prohibited and not recognized in the country. Regarding the anticipated digital dinar, he points out that "the Central Bank of Iraq will be responsible for issuing and circulating it, allowing it to control and monitor financial transactions and contributing to the reduction of financial crimes and money laundering. Unlike cryptocurrencies, this currency will be fully backed by the Central Bank, giving it a degree of stability and making it similar to paper currency in terms of sovereign value, with the difference that its circulation will be electronically only through bank accounts and digital wallets."

Al-Hashemi believes that "the main goal of this step is to reduce reliance on paper dinars hoarded outside the banking system and advance financial inclusion, as well as to attempt to limit the widespread use of the dollar in local transactions by enhancing confidence in using the digital dinar as an official alternative in daily transactions."

He adds that "the success of this project depends on providing an appropriate environment and strict implementation. If this is achieved, the digital dinar could effectively contribute to withdrawing stagnant cash, revitalizing banking activity, and stimulating credit, which could positively impact overall economic performance."

However, Al-Hashemi does not hide his pessimism, emphasizing that The Central Bank of Iraq currently lacks the basic components needed to ensure the success of this initiative, due to the significant flaws in its monetary policies, the lack of public confidence in the banking system, and the recurring political interference in its decisions. He believes that all of these obstacles could make the digital dinar a fragile project, suffering from the same problems as the paper dinar.

He concludes by saying, "Ambition alone is not enough. Without genuine reform of monetary policies, strengthening public confidence in banks, and distancing politics from the economy, the chances of success of the digital dinar remain extremely limited."

 Furthermore, Mazhar Mohammed Saleh, economic advisor to the Prime Minister, believes that "central banks around the world, including the Central Bank of Iraq, are still in the gradual preparation phase for the transition to the world of digital payments as a modern alternative to paper currencies." This shift, he explains, does not change the essence of money and its basic functions.

Rather, it seeks only to improve the efficiency of dealing with it and reduce associated costs, in addition to strengthening financial oversight tools and reducing financial crime and money laundering.

Saleh confirms to Al-Mada that "this digital transformation in the monetary system does not mean that money will lose its function as a store of value, a means of payment and receipt, or a tool for unit of account and measurement of rights. Rather, these functions will be fully preserved, but within a more transparent, governed, and compliant environment, enhancing the monetary authority's ability to manage monetary stability using the same monetary policy tools."

Saleh explains that "digital money can expand the scope of banking services to include the poorest and most vulnerable segments of society by facilitating the opening of digital bank accounts. Digital money will be available to all citizens, from the smallest monetary unit to the largest, allowing for instant settlement of transactions without delay or wasted rights or time."

He points out that "providing digital liquidity widely within the banking system, with minimal liquidity risk, will enable low-income groups to obtain immediate and affordable digital loans at a lower cost, given that the funds will remain within the banking system and will not require large reserves or financial hedges.

This will optimally leverage the digital credit multiplier, enhancing financing and stimulating economic activity without compromising economic stability or causing monetary inflation, as long as monetary policy tools remain effective."

The economic advisor emphasizes that "implementing this project requires precise and extensive investments in information technology, such as smartphones and social networks, along with the necessity of an advanced digital infrastructure, most notably a reliable internet network, as it is the backbone of the success of digital payments.

 He also emphasizes the importance of a solid legal structure that protects the rights of users and customers and ensures the security of networks from breaches, within a comprehensive cybersecurity framework that aligns with the rapid development of digital services worldwide." linkI

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

Tishwash:  Ramadan revives the Iraqi dinar and official expectations of a continued decline in the dollar

The exchange rate of the US dollar in the parallel market in Iraq declined significantly during the first and second weeks of Ramadan, recording 1,480 dinars per dollar, or less than that, from 1,520 dinars before the beginning of the month.

The decline is due to several factors, most notably the strict measures taken by the Central Bank of Iraq to control imports and electronic money transfers, in addition to the decline in economic activities of the Iraqi citizen during the month of Ramadan.

"strict measures"

Government advisor Alaa Al-Fahd says the decline in the dollar price in the parallel market is due to the Central Bank’s implementation of strict measures aimed at controlling imports and electronic money transfers.

He added that this measure reflects the success of the Central Bank's monetary policy, as Iraqi banks have begun to implement correspondence operations with international banks with which they have commercial relations.

He added that diversifying the currency basket contributed significantly to easing pressure on the dollar, and that most imports of consumer and food goods are financed through the official platform of the Central Bank and at the official price, stressing that any trading outside this framework is considered unofficial dealing.

Al-Fahd praised the Central Bank’s announcement of implementing digital transactions and encouraging tourism, stressing that these steps contributed to easing pressure on the parallel market for exchange rates.

Al-Fahd expected the market to remain stable, especially with most of the needs of Ramadan and the Eid season being covered through the official platform and at the official price, noting that expectations indicate a continued decline in the dollar price in the coming period.

The exchange rate of the dollar against the dinar increased significantly in the last week before Ramadan, recording 1,520 dinars per dollar for sale and 1,510 dinars for purchase in the main stock exchanges, but in the first week of Ramadan, the exchange rate recorded a significant decrease, reaching 1,465 dinars per dollar for sale and 1,475 dinars per dollar for purchase in the main stock exchanges in Baghdad, Erbil and Basra.

In the second week of Ramadan, the exchange rate rose slightly, recording 1,485 dinars per dollar for sale and 1,480 dinars per dollar for purchase, with a variation up or down not exceeding two and a half dollars.

The exchange rate of the Iraqi dinar against the dollar is affected by several main factors, including:

-Daily sales volume in currency auction

-Central Bank procedures related to external transfers

-The need of traders to import goods, especially from countries subject to US sanctions, which increases the demand for the dollar in the parallel market.

-Smuggling the Iraqi dinar to other countries to benefit from price differences.

"Ramadan is a game changer"

For his part, economic expert Ahmed Al-Ansari believes that the decline in demand for the dollar during the month of Ramadan is mainly due to the decline in economic activities of the Iraqi citizen, which is evident in the decline in the movement of real estate, cars and basic services.

Al-Ansari explained that the weak purchasing power of citizens also contributed to reducing the volume of imports, which led to a reduction in demand for the dollar in the parallel market.

He added that the Central Bank's measures aimed at reducing imports through the black market and encouraging traders and importers to import through approved banks and convert the dollar at the official price were an additional reason for this temporary decline.

Al-Ansari expected a strong recovery in the markets after Ramadan and by Eid al-Fitr, which could lead to a slight increase in the dollar price or a return to its previous level, stressing that the dollar price is greatly affected by the strength of supply and demand in the market, as it rises whenever demand for it increases in the parallel market.

He pointed out that the continuation of the facilities provided by the Central Bank, such as providing travelers' dollars, will encourage citizens to deal at the official price and avoid exchange offices and banks that sell dollars at higher prices.

On February 7, 2023, the Council of Ministers approved the decision of the Board of Directors of the Central Bank of Iraq to amend the exchange rate of the dollar against the dinar, equivalent to 1,300 dinars per dollar, obligating banks to sell at a rate of 1,310 dinars per dollar and at a rate of 1,320 dinars per dollar for currency transfer operations when using electronic cards while traveling or online, with a ceiling of 3,000 dollars at the official rate granted to each traveler who presents a visa and a travel ticket with his official passport.  link

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

Mot:  oooooh! - oooooh! - oooooh! - ((( U've bend Warneded )) 

Mot: Don't ferget - Y"all!!!! 

News, Rumors and Opinions Wednesday AM 3-12-2025

KTFA:

Henig:  Vietnam to sign U.S. deals as trade, energy officials meet, document shows

By Reuters   March 10, 20252:55 AM PDT

HANOI, March 10 (Reuters) - Vietnam expects to sign pacts with the United States this week after its trade minister meets U.S. trade and energy officials, according to a government document reviewed by Reuters.

The step comes after weeks of conciliatory messages Vietnam has sent Washington in an effort to avert tariffs by the Trump administration the Southeast Asian nation may face because of its large trade surplus with the United States.

 The March 5 document from the trade ministry features the schedule of Trade Minister Nguyen Hong Dien's trip to the United States this week.

It also listed energy companies and government departments, from customs to tax, asked to send accompanying representatives.

Last week the government said on its portal Dien, who is also in charge of energy and industry policy, would travel to the United States on Thursday to meet U.S. Trade Representative Jamieson Greer.

But it gave no details of possible deals or topics to be discussed.

Officials have publicly indicated Vietnam's intention to buy U.S. liquefied natural gas for its fledgling industry and to possibly revise duties on several imports, from ethanol and LNG to agriculture products.

Trading firm PetroVietnam Gas (GAS.HM), opens new tab, power generator PetroVietnam Power (POW.HM), opens new tab and power distributor EVN are among the state-controlled gas and energy companies asked to send delegates on Dien's U.S. trip, the ministry document shows.

The event is part of regular meetings between U.S. and Vietnamese trade officials under the Trade and Investment Framework Agreement signed in 2007.

Dien is set to first meet Greer on Thursday, before working with officials of the U.S. energy department and witnessing the signing of "a number of agreements" the following day, the document showed.

Then he will meet officials of the commerce department and industry groups with "interests in Vietnam", it added, but did not say if the meetings were listed according to times in the United States or Vietnam, which could affect the days.

Reporting by Emily Chow, Francesco Guarascio and Khanh Vu; Editing by Clarence Fernandez Link

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

Clare:  World Bank confirms its continued support for Iraq to achieve its development goals

3/11/2025

Finance Minister Taif Sami stressed the importance of the ongoing partnership with the World Bank, and Iraq's aspiration to benefit from the technical and financial support provided by the bank in implementing strategic projects to stimulate economic growth and provide job opportunities, especially in areas including infrastructure and human development. This came during her reception of the World Bank Representative to Iraq, Jean-Christophe Carret, and his accompanying delegation.

The meeting discussed ways to enhance economic and financial cooperation between Iraq and the World Bank. It reviewed a number of key topics related to enhancing financial stability in Iraq, in addition to discussing development projects that the two parties seek to implement with the aim of achieving sustainable development.

For his part, the World Bank representative expressed the bank's commitment to continue supporting Iraq in achieving its development goals, noting that the World Bank pays great attention to enhancing Iraq's ability to face economic and development challenges, with a focus on sustainable development and achieving comprehensiveness in the benefits achieved.  LINK

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

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

Militia Man All the money that's going to come in is going to help the budget which is going to help support the value of the currency in the long run.  Everything that's going to go through that country is going to be around in a Real Effective Exchange Rate.  It isn't going to be 1310 or they'd have done it a long time ago.  There would have been no reason to just say, 'we're going to go like we are and this is the way we're going to go onto the Forex.' But have they done that yet?   Sure not.

Mnt Goat  Article:  "INFLATION’S FREEFALL: IRAQ HITS 2.8%, ECONOMIC HOPES SOAR”.  If you look at the Dr Shabibi plan to get to the reinstatement you can clearly see...he planned to put the brakes on after each step, then monitor closely for inflation... Folks the process is working…

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

Over 40% LMBA Silver Leaves London | Andy Schectman

Liberty and Finance:  3-10-2025

Join us for a live Q&A with Miles Franklin CEO & President, Andy Schectman, as he analyzes the latest figures from the London Bullion Market Association.

The LBMA’s new report reveals a massive 128.5 million ounces of silver were pulled from London vaults over the past three months, ending February 2025.

This equates to nearly 42% of silver not held by ETFs being removed from storage.

 Andy will share his perspective on how this significant withdrawal could impact the market's future, pricing, and overall silver dynamics.

 Don't miss the chance to hear expert insights and ask your own questions about this pivotal silver market development.

https://www.youtube.com/watch?v=wsVnMv7rl38

Is the US Headed Toward Recession?

Is the US Headed Toward Recession? [Podcast]

Notes From the Field By James Hickman (Simon Black)  March 11, 2025

By the late 1920s, the US economy was booming and had advantages that most of the world did not yet enjoy.  Manufacturing in America was extremely competitive due to mass electrification powering factories. Farmers had traded out horses and mules for trucks and tractors.

US productivity was surging.

Global trade was still recovering from World War I, but there was enough sense at the League of Nations (the precursor to the United Nations) to campaign against trade barriers.

The final report from the World Economic Conference in 1927 concluded that “the time has come to put an end to tariffs. . .”

But America decided to move in the opposite direction.

Two politicians, Willis Hawley and Reed Smoot put forth a plan to impose steep tariffs that reached as high as 59.1% on some products.

The infamous Smoot-Hawley Tariff Act passed in 1930, and almost immediately, countries around the world imposed their own retaliatory tariffs against the US.

Global trade plummeted as a result, which became a major factor in prolonging an almost never-ending and extremely painful economic depression.

I don’t think another Great Depression is in the cards right now, but frankly all these threats of tariffs are starting to have an impact.

Stock market investors are realizing that a recession is clearly on the table, and that business and consumer sentiment across the board have taken a nose dive.

That could all rebound just as quickly as it has fallen, but the larger point is that tariffs will absolutely make the country, and the world for that matter, much worse off.

The key reason is that tariffs force the economy to operate below its maximum potential.

Think about it on an individual basis. Imagine if Tom Cruise were sacking groceries instead of making movies. I think most people would probably acknowledge that creating multi-billion dollar box office hits is a hard thing to do, and sacking groceries would be below his potential.

The same goes for a trained and experienced neurosurgeon— picking turnips is not the best use of his or her time.

The US economy is certainly capable of producing just about anything. But there’s no point in deliberately producing below your potential— i.e. taking scarce talent and resources away from more valuable more productive sectors, and instead focusing that energy to make socks and underwear.

If an economy consistently underachieves its potential, everyone is worse off as a result— regardless of whether that results in a near-term recession.

The US has the potential in small-scale nuclear reactors, and emerging technology in AI, automation, robotics, and high-performance computing to create a level of abundance and prosperity that is almost unimaginable. That advantage is specific to the United States and that reality could be just a few years away because most of that technology exists or is close.

And that’s what the US needs to get out of its $36 trillion debt problem— a productivity and innovation driven economic boom.

Tariffs throw cold water on the whole thing.

This is what we discuss in today’s podcast.

We also touch on:

• Recent stock market swings

• The valuation of stocks now, and historically

• Who is investing in the stock market today

• What could drive investors into bonds

• And more.

You can listen here.

(For the audio-only version, check out our online post here.)

To your freedom,  James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/podcast/is-the-us-headed-toward-recession-podcast-152224/

Seeds of Wisdom RV and Economic Updates Tuesday Evening 3-11-25

Good Evening Dinar Recaps,

MOMENTUM BUILDS IN WASHINGTON TO PASS STABLECOIN LEGISLATION, MARKING A 'MOMENT FOR US HERE IN CONGRESS NOW TO ACT'

▪“There is a moment for us here in Congress now to act,” said Rep. Bill Huizenga, R-Mich., during a House committee hearing on Tuesday.

▪A stablecoin bill is set to be marked up in the Senate Banking Committee on Thursday.

Movement on legislation to regulate stablecoins is underway this week as lawmakers in the House debated necessary provisions in the bill on Tuesday. The Senate committee will also assemble in the coming days to take a vote on proposed stablecoin rules.

This is the moment for Congress to act, said Rep. Bill Huizenga, R-Mich., on Tuesday during a House Financial Services Committee hearing focused on stablecoins and central bank digital currencies. Huizenga cited the Trump administration's actions over the past few weeks, including a White House crypto summit last week.

"There is a moment for us here in Congress now to act, and as legislators, it's ultimately up to us to provide the regulatory clarity needed to ensure that the U.S. dollar remains the dominant reserve currency, and I believe stablecoins can do that," Huizenga said.

Lawmakers have legislation teed up in both the Senate and House to tackle stablecoin regulation. A handful of bipartisan legislators have been working to pass a stablecoin bill for years.

However, like all previous congressional acts to advance crypto regulation, these various attempts had stalled out. Fifty days into Donald Trump's presidency, however, Congress is seemingly making crypto a priority — including by investigating claims of industry-wide debanking and repealing the controversial "DeFi Broker rule."

In February, House Financial Services Committee Republican Chair French Hill, R-Ark., alongside Rep. Bryan Steil, R-Wis., released draft legislation to regulate stablecoins. That draft, called the STABLE Act, builds on work done over the years in the committee beginning in 2022.

A sticking point for a previous draft was a provision that would have allowed state regulators to approve stablecoin issuances without Federal Reserve input.

The new bill 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 is also underway in the Senate. Sen. Bill Hagerty, R-Tenn., introduced a bill to regulate stablecoins called the "Guiding and Establishing National Innovation for US Stablecoins," dubbed the GENIUS Act. Though it is not a companion to the House's version, lawmakers say it shows an effort among Republicans to work on key issues.

That bill is set to be marked up in the Senate Banking Committee on Thursday.

Ron Hammond, senior director of government relations at the Blockchain Association, called all the action "Stablecoin Spring" and said Congress is set on getting a stablecoin bill across the finish line.

"The House hearing today showed most of the Democrats and all the Republicans largely supporting the measures in the STABLE Act," Hammond said in a statement to The Block.

"That same bipartisan spirit will likely be reflected in Thursday’s Senate Banking markup of the GENIUS Act. This will be set the stage for a comprehensive vote on the combined product, the STABLE GENIUS Act, sometime in the next two-to-three months.”

House hearing unfolds

In the House, lawmakers also heard from experts, including Paxos CEO Charles Cascarilla, Global Head of Digital Assets at The Bank of New York Mellon Corporation, among others, on Tuesday.

Rep. Ritchie Torres, D-N.Y., who has shown support toward crypto, compared digital assets to cars.

"The proper legislative response to the automobile is not to ban it, it's not to sabotage it, it's to regulate it," Torres said. "It's to make it safer. And as far as I'm concerned, the proper role of Congress is not to sabotage digital asset transactions, but to make them safer, to strike a careful balance between financial stability and innovation."

Some Democrats revealed hesitancy toward Republican-led stablecoin bills.

Top Democrat Rep. Waters of California criticized Trump over the launch of his memecoin and his executive order creating a strategic bitcoin reserve.

"Despite my belief that the Trump administration only wants crypto legislation that personally benefits them and protects their crypto financiers — I still hope we can work together on a bill that requires stablecoins be robustly and fairly regulated," Waters said.

The current Republican-led bill at play "strips away critical protections to shield investors from criminals," she added.

Rep. Stephen Lynch, D-Mass., criticized the GENIUS Act during Tuesday's hearing and said it needed to be amended "vigorously."

"I read the GENIUS Act over in the Senate — I'm a little weary about anything called genius coming out of the United States Senate — but there were so many problems with that and I'm hopeful, hopefully my colleagues, Mr. Hill, and others will amend that vigorously because it had huge, huge problems," Lynch said.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

BRICS TRADE AGREEMENT LOOKS TO END THE PETRODOLLAR’S DOMINANCE

There is no denying that 2025 has seen tension between the West and the Global South reach a fever pitch. That is only expected to continue throughout this year, as a plethora of BRICS trade agreements look to end the petrodollar’s dominance.

The economic alliance has spearheaded efforts to increase trade settlements in local currencies. Moreover, that should continue to extend into the oil industry, which may only increase the growing geopolitical uncertainty between the United States and the bloc.

BRICS Eye an End to the Petrodollar: How Will Donald Trump Respond?

Since his 2024 presidential election win, Donald Trump has placed a clear target on the BRICS alliance. Their previous efforts to de-dollarize global markets led the President to threaten 150% tariffs on membership nations. Yet, that has not deterred its continued pursuit of US dollar alternatives in a host of sectors.

Moreover, that hasn’t limited the attractiveness of the BRICS bloc for developing nations. 

Three new nations have been invited to the bloc’s annual summit, all of which are eyeing a position in the collective. Moreover, their presence could only further efforts for BRICS to use new trade agreements to end the petrodollar’s dominance.

Due to the presence of sanctions, Russia pivoted into oil trade settlement currencies in 2022. Specifically, 78% of oil exports to fellow BRICS members China and India were in local currencies over the two years that followed. Comparatively, just 32% were settled in local currencies in 2021.

The alliance’s hopes of de-dollarizing the oil market can be clearly seen in the allies it has embraced. Since the arrival of BRICS+, it has welcomed Saudi Arabia, the United Arab Emirates (UAE), Egypt, and Iran. Those nations are some of the top oil producers in the world. Moreover, many stand to also see the petrodollar cease to hold as much dominance as it does.

If it were successful, it would be a monumental blow to the United States. The BRICS bloc holds more than 40% of the world’s oil and gas reserves Although 58% of currency reserves are still held in the greenback, it presents a key point of conflict that is building on already concerning relations between BRICS and the US.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 3-11-25

Good Afternoon Dinar Recaps,

CIRCLE TRIMS USDC CROSS-CHAIN SETTLEMENT TIME DOWN TO SECONDS WITH PROTOCOL UPDATE

▪Circle, issuer of the world’s second-largest stablecoin USDC, has launched a protocol update it says reduces cross-chain transaction settlement time “to seconds,” compared to an average of 13 to 19 minutes for a typical blockchain transaction between Ethereum and Layer 2 blockchains.

▪According to Circle, the newly launched Cross-Chain Transfer Protocol V2, or CCTP V2, improves upon the earlier version “with a new set of smart contracts and APIs.”

Circle, issuer of the world's second-largest stablecoin USDC, unveiled a protocol update on Tuesday it says will reduce cross-chain settlement time from several minutes to a matter of seconds.

The company's newly launched Cross-Chain Transfer Protocol V2, or CCTP V2, will improve upon CCTP V1 "with a new set of smart contracts and APIs," slashing cross-chain transaction settlement time from "an average of 13 to 19 minutes for a typical blockchain transaction" between Ethereum and Layer 2 blockchains to only seconds, according to a statement.

"CCTP V2 reduces the barriers that have hindered the fluid movement of digital dollars between supported blockchains," said Nikhil Chandhok, chief product officer of Circle, in the statement. 

"CCTP V2 gives developers greater flexibility to tailor cross-chain transactions to their specific needs and unlocks low-latency use cases in crypto capital markets, effectively abstracting away cross-chain complexities for developers and their users."

As the USD-pegged stablecoin market, by most accounts, is poised to keep growing, improving transaction time could prove beneficial to Circle as competition potentially heats up in the coming months and years.

Out of the roughly $235 billion worth of USD stablecoins in circulation, Circle's USDC accounts for $58 billion, according to The Block Data Dashboard. USDC ranks a distant second to Tether's USDT, the clear market leader.

Avalanche, Base and Ethereum to begin with

Circle said CCTP V2 will initially be available for developers working on Avalanche, Base and Ethereum, but the plan is to add support for more blockchains as the year progresses. "CCTP V1 will remain available on 11 blockchains," Circle said, adding that since launched in 2023, "CCTP has facilitated more than $36 billion in transaction volume."

Some of CCTP V2's new features Circle highlighted on Tuesday include "Hooks," which it said makes it possible for developers "to automate post-transfer actions on the destination blockchain."

@ Newshounds News™

Source:  The Block

~~~~~~~~~

BRICS: RUSSIA & IRAN ANNOUNCE NEW DEAL TO BOOST TRADE

Amid the ongoing tension between the US and BRICS, both Russia and Iran have announced a new deal to boost trade and cooperation. Indeed, both sides are expecting a surge in their partnership as things look increasingly uncertain for the alliance moving forward.

Throughout the year so far, the bloc has faced aggressive economic policy from the United States. Since being inaugurated, Donald Trump has not minced words regarding his feelings for the group. However, that has not seen the collective slow its ambitious growth efforts.

Russia & Iran Sign New Trade Deal as BRICS Faces Increased US Pressure

The last two years have seen the BRICS economic alliance embrace a massive growth effort. Indeed, they are continuing, with the alliance eyeing continued expansion in 2025. Moreover, it has held firm in its commitment to de-dollarization despite increased pressure from the United States.

Those efforts to fortify their alliance have continued for BRICS Monday as Russia and Iran have signed a new trade deal. According to a new report, both sides are expecting the increased cooperation to result in a “trade surge,” with cultural expansion to soon follow.

“Trade between Russia and Iran is generally demonstrating positive dynamics,” Ambassador Aleksley Dedov said. “We expect further growth in trade turnover at the end of this year,” he added. Indeed, they project a 15% increase in trade dealings over 2024. Moreover, a key emphasis on the increased trade is the decision for both sides to settle in local currencies.

That decision is yet another blow to the US dollar. President Donald Trump has not been kind to any de-dollarization efforts present globally. He has previously warned of 150% tariffs on nations that engage in the practice. It will be interesting to see if Russia and Iran are now subject to those threats.

@ Newshounds News™

Source:  Watcher Guru and TehranTimes

~~~~~~~~

3/11/25 Isaac's Update Link 

More encouraging news from Isaac.  He has German and Yellow Dragon bonds.  He has always said the German bonds will go first.  

Settings have changed and you can no longer copy or forward. But you can read his comments in both his room and the Living room.  

Basically he feels Good News is coming.  He feels he will have confirmation of that soon.

Newshounds will continue to report what Isaac has to say so keep checking back with us.

Isaac's Room Link 
Isaac Website Link 

Announcement Link 
Process Steps Link 

@ Newshounds News™  

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

DJ: DID YOU KNOW? Basel Accords

DJ:  DID YOU KNOW?  Basel Accords

Lost in the conversation lately is, “What happened to the Basel Accords, are they being used, how many countries and their financial institutions are compliant or at least striving to be compliant ?”

The Basel Accords are a set of international banking regulations developed by the Basel Committee on Banking Supervision (BCBS) to enhance financial stability and strengthen risk management in the banking sector.

These accords aimed to ensure global financial stability by reducing systemic risks and enhancing banks’ ability to absorb financial shocks. Keep in mind these proposed regulations are voluntary not mandatory.

The accords were first introduced through Basel 1 in 1988. Followed by Basel 2 in 2004 and Basel 3.5 (sometimes called Basel IV) that refers to the final revisions to Basel III, introduced by the Basel Committee on Banking Supervision (BCBS) in 2017.

While not an entirely new framework, these changes significantly alter how banks calculate risk-weighted assets (RWA) and capital requirements, leading some to call it Basel IV due to its major impact.

Originally set for 2022, the Basel IV reforms were delayed due to CoviD-19 and are now being gradually implemented, with full adoption expected by 2025 in many jurisdictions.

As of March 2025, the implementation of Basel IV regulations varies across different jurisdictions, leading to differences in compliance time-lines among financial institutions, While Basel IV does not officially exist as a separate accord, its significant changes to Basel III justify its informal nickname.

While many global financial institutions and countries have agreed in principle to adapt the regulatory framework, many are still in the process.

 For example: the EU originally set a go-live date of January 1, 2025, for Basel IV. However, a partial delay has been announced, moving the implementation of certain components to January 1, 2026.

Other elements, including changes to credit risk, operational risk, and the output floor were implemented in January 2025. The UK has proposed implementing Basel 3.1 starting July 1, 2025, a shift from the original January 2025 deadline.

The US federal banking regulators are preparing to finalize the Basel IV regulatory framework. While specific implementation dates are pending, the finalized rules are expected to impact US financial institutions in the near future. Canada, on the other hand, has been proactive in adopting Basel IV, with the Office of the Superintendent of Financial Institutions (OSFI) setting initial compliance deadlines for the second quarter of 2023, indicating that many Canadian banks are already aligning with Basel IV standards.

Given these staggered time-lines, the number of financial institutions currently compliant with Basel IV varies by region. In jurisdictions like Canada, where earlier deadlines were set, a significant number of banks have likely achieved compliance. In contrast, in regions with forthcoming deadlines, banks are actively working towards meeting the new standards but may not yet be fully compliant.

It’s important to note that while many financial institutions are striving to comply with Basel IV regulations, the exact number of compliant institutions globally is not readily available due to ongoing implementation processes and varying regional time-lines.

Considering that the adaptation of the Basel standards is a key element of the GCR implementation, it’s something to pay attention to.

We have to think about the term “start”. What does it mean when we suggest the GCR has started?

 The Basel standards started in 1988 and are still being implemented. Think about how many years ago the GCR concept was introduced.and how long It’s been implementing. It’s hard to travel down a road when it’s being built. But once the barricades are down, we’ll all travel smoothly.

DJ

https://dinarchronicles.com/2025/03/11/the-office-of-poofness-weekly-report-update-from-poof-and-dj-3-10-25/