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Gold, Silver & Sound Money Legislation Is Surging—More States Are Opting In | Jp Cortez
Gold, Silver & Sound Money Legislation Is Surging—More States Are Opting In | Jp Cortez
Gold and silver are gaining momentum in state legislatures across the U.S. as more states move to eliminate taxes, recognize precious metals as legal tender, and establish bullion reserves.
Jp Cortez, Executive Director of the Sound Money Defense League, breaks down the latest developments in sound money legislation, why states are de-dollarizing, and how Trump’s return to the White House could impact monetary policy.
With inflation fears, central bank uncertainty, and growing distrust in fiat currencies, states are taking action.
Will we see a return to gold and silver-backed money?
Seeds of Wisdom RV and Economic Updates Monday Afternoon 2-3-25
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IT'S DONE Article 2 - This law shall be implemented from the date of its publication in the Official Gazette.
THE LAW PDF attached
In the name of the people
Presidency
Based on what was approved by the House of Representatives and ratified by the President of the Republic based on the provisions of Clause (First) of Article 61 and Clause (Third) of Article 73 of the Constitution.
Traceable, Credible Gold for Saudi Arabia
Traceable, Credible Gold for Saudi Arabia
Kitco News: 2-3-2024
Saudi Arabia is undergoing a significant economic transformation, moving beyond its traditional reliance on oil and gas. A key element of this diversification strategy is the development of its mining sector, with the Kingdom aiming to establish itself as a major player in the global mineral supply chain and, more specifically, a “global intermediary” in the critical minerals market.
This ambition was highlighted in a recent interview conducted by Kitco’s Senior Mining Editor and Anchor, Paul Harris, with His Excellency Bandar Alkhorayef, Minister of Industry and Mineral Resources of Saudi Arabia, on the sidelines of the Future Minerals Forum in Riyadh.
Seeds of Wisdom RV and Economic Updates Monday Morning 2-3-25
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CRYPTO CATASTROPHE: WORLD RECORD BROKEN, WORST BLOODBATH IN HISTORY
Market in shambles after introduction of trading tariffs sparks enormous liquidation surge
One of the worst bloodbaths in the history of the cryptocurrency market just occurred, with liquidations skyrocketing past $2.24 billion in the last day.
With Bitcoin plummeting to $94,000 and the entire market collapsing along with it, this massive wipeout has destroyed leveraged traders. The magnitude of the losses has broken all previous records, making this one of the most vicious sell-offs in the history of cryptocurrency.
Seeds of Wisdom RV and Economic Updates Sunday Afternoon 2-2-25
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INDIAN CRYPTO HOLDERS FACE 70% TAX PENALTY ON UNDISCLOSED GAINS
India will impose tax penalties of up to 70% on undisclosed crypto gains as part of new regulations under Section 158B of the Income Tax Act.
Cryptocurrency traders in India may face significant tax penalties on previously undisclosed profits under new amendments to the country’s tax laws.
Cryptocurrencies will be included under Section 158B of the Income Tax Act, which reports undisclosed income, according to Indian Finance Minister Nirmala Sitharaman’s Union Budget 2025 announcement.
Seeds of Wisdom RV and Economic Updates Sunday Morning 2-2-25
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TRUMP-IMPOSED TARIFFS TO BEGIN TUESDAY AS MEXICO, CANADA ANNOUNCE RETALIATORY RESPONSE
▪️President Trump on Saturday signed an executive order imposing 25% tariffs on imports from Canada and Mexico, with a 10% tariff on Canadian energy and oil, and an additional 10% tariff on China.
▪️The implementation of the tariffs was delayed to Tuesday at 12:01 am.
▪️Mexico’s President Sheinbaum announced the country would implement both tariff and non-tariff retaliatory measures, while Canadian PM Trudeau said Saturday night Canada would implement 25% tariffs on a swath of American goods in response.
Seeds of Wisdom RV and Economic Updates Saturday Afternoon 2-1-25
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BRICS CURRENCY: KREMLIN SAYS NO PLANS FOR A COMMON CURRENCY
According to the Kremlin, Russia and BRICS do not have plans for a common currency, contrary to previous reports. Following threats from US President Donald Trump to impose tariffs on the BRICS nation for creating such a currency, the bloc insists that no such plans exist.
Trump on Thursday warned BRICS member countries about replacing the U.S. dollar as a reserve currency by repeating a threat of 100% tariffs he had made weeks after winning the November presidential election.
Seeds of Wisdom RV and Economic Updates Saturday Morning 2-1-25
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ARGENTINA WELCOMES COINBASE: A NEW ERA FOR CRYPTO IN LATIN AMERICA!
Coinbase receives regulatory approval to operate in Argentina, expanding its presence in Latin America.
Argentina's increasing crypto adoption and planned currency liberalization create a favorable environment for Coinbase's entry.
Seeds of Wisdom RV and Economic Updates Friday Afternoon 1-31-25
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Just In The Seventh Asset Manager Seeking To Launch An XRP ETF, Amidst A Surge In ETF Applications.
In a recent development, asset manager Grayscale Investment has filed a 19b-4 form with the NYSE to launch an XRP ETF. The company aims to convert its XRP Trust into an exchange-traded fund (ETF), which will be listed and traded on the NYSE.
“Grayscale Investments has filed with the New York Stock Exchange (NYSE) to offer a spot XRP exchange-traded fund (ETF). This filing aims to convert Grayscale’s existing XRP Trust into an ETF, allowing shares to be listed and traded on the NYSE,” the filing read.
Seeds of Wisdom RV and Economic Updates Friday Morning 1-31-25
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XRP NEWS TODAY: RIPPLE’S RLUSD STABLECOIN GOES LIVE IN AMM POOLS
▪️The XRP Ledger has activated the AMMClawback amendment, allowing token issuers to recover tokens even after they've been sent.
▪️This update enables Ripple's RLUSD stablecoin to be used in Automated Market Maker (AMM) pools, increasing its liquidity and accessibility.
▪️The AMMClawback feature enhances regulatory compliance by allowing Ripple to recover tokens involved in illegal activities.
Seeds of Wisdom RV and Economic Updates Thursday Evening 1-30-25
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COINBASE FILES TO LIST SOLANA AND HEDERA FUTURES ON ITS DERIVATIVES TRADING PLATFORM
▪️Coinbase Derivatives has filed to list new futures contracts for Solana and Hedera tokens on or after Feb. 18.
▪️The move comes amid a flurry of regulatory filings to list new assets like crypto ETFs and derivatives.
Coinbase Derivatives, a subsidiary of the U.S.-based crypto exchange, has filed to list new futures contracts for Solana and Hedera, according to separate regulatory filings on Thursday. The exchange is looking to list these new contracts, which will be cash-settled on a monthly basis, on or after Feb. 2025.
Seeds of Wisdom RV and Economic Updates Thursday Afternoon 1-30-25
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BRICS: CHINA TRADE SURPLUS HITS $1T AMID US FACEOFF
The last several months have seen geopolitical tensions between the global South and West increase. At the center, new United States president Donald Trump has warned of impending 100% tariffs on the alliance. Yet one of the BRICS leading nations, China, has recently announced a trade surplus of $1 trillion amid its ongoing US faceoff.
The growth of China as a prominent global economy is undeniable. Moreover, it has only reinforced the growing rivalry with the United States that could continue well into 2025. However, the Eastern Asian nation has continued to solidify its position at the forefront of an economic alliance that could be growing in its allure.
Seeds of Wisdom RV and Economic Updates Thursday Morning 1-30-25
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PAYPAL’S PYUSD STABLECOIN JOINS CARDANO, ENHANCING BLOCKCHAIN INTEROPERABILITY
PYUSD’s integration into Cardano enhances DeFi liquidity, providing users with new stablecoin options and increasing cross-chain transaction potential.
▪️PYUSD, launched by PayPal, is now available on Cardano via a bridge by Wanchain, expanding cross-chain options.
▪️The stablecoin brings new lending opportunities to Cardano, enabling platforms to offer yield-earning products.
▪️PYUSD’s presence on Cardano boosts liquidity, attracting more participants and enhancing the network's appeal.