Seeds of Wisdom RV and Economic Updates Saturday Morning 4-19-25

Good Morning Dinar Recaps,

RIPPLE ENTERS BROKER-DEALER ARENA AS HIDDEN ROAD GAINS FINRA AUTHORIZATION

Ripple just unlocked a game-changing foothold in traditional finance as its $1.25 billion acquisition scores FINRA approval, supercharging institutional access to fixed income markets.

Ripple’s Hidden Road Gets FINRA Go-Ahead to Expand Prime Brokerage Services

Hidden Road, a global prime brokerage firm recently acquired by Ripple for $1.25 billion, announced a regulatory milestone Thursday. Its subsidiary, Hidden Road Partners CIV US LLC, received authorization from the Financial Industry Regulatory Authority (FINRA) to operate as a broker-dealer.

This new designation allows the firm to enhance its capabilities in fixed income prime brokerage. “This approval enables Hidden Road to expand its recently launched fixed income prime brokerage platform, which currently includes Fixed Income Repo & Global Funding services,” the company stated, adding:

"As a broker-dealer, Hidden Road will now be able to provide new and existing institutional clients with a full suite of regulatory-compliant prime brokerage, clearing, and financing services in fixed income assets."

Noel Kimmel, president of Hidden Road, framed the milestone as pivotal to the firm’s trajectory in capital markets. Kimmel stated: “Our broker-dealer registration is a significant step in the development of Hidden Road’s fixed income prime brokerage platform and bolsters our capabilities in traditional financial markets.” 

The executive continued: “As a FINRA member, we will be able to bring our best-in-class, technology-driven fixed income service offering to an expanded universe of institutional clients. Our business has tremendous momentum, and we look forward to continuing to provide superior execution and support to our clients amidst today’s exceptionally dynamic market environment.”

Ripple recently announced its acquisition of Hidden Road, a deal valued at $1.25 billion and pending regulatory approval. If completed, it would make Ripple the first digital asset firm to own a global, multi-asset prime broker.

The acquisition aims to expand Ripple’s cross-border payment and custody services. Ripple CEO Brad Garlinghouse commented: “We are at an inflection point for the next phase of digital asset adoption – the U.S. market is effectively open for the first time due to the regulatory overhang of the former SEC coming to an end, and the market is maturing to address the needs of traditional finance.”

Ripple CTO David Schwartz described the deal as transformative, stating that XRP could support part of Hidden Road’s daily $10 billion clearing volume and 50 million transactions. “Ripple’s acquisition of Hidden Road is a defining moment for the XRP Ledger and XRP,” he said. 

The partnership will integrate blockchain-based settlement, use XRP and RLUSD for collateral and cross-asset trades, and aim to establish Hidden Road as the largest non-bank prime broker globally.

@ Newshounds News™
Source:  Bitcoin News

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BRICS: ONLY 50% OF GLOBAL INVOICES ARE WRITTEN IN THE US DOLLAR

The superiority of the US dollar is declining every year as BRICS and other developing countries are working towards uprooting it from the world’s reserve currency status. The latest data had shown that the US dollar’s reserves around the world had already fallen below the 60% mark. The Atlantic Council reported that the US dollar’s global reserves fell to 59% last year.

That’s a gradual decline since 2002 when the global reserves in central banks stood at 72%. The last 23 years saw the USD reserves falling by 13% and the decline could continue further. The decrease falls in line with the BRICS agenda of de-dollarization where the US dollar’s dominancy is getting punctured.

BRICS: Global Invoices in the US Dollar Falls to 50%

Jane Foley, Rabobank’s FX Strategy head said in a recent interview with Bloomberg that the global invoices in the US dollar are now just 50%. The recent data from the SWIFT payment messaging system also shows that global invoices in the US dollar have topped 50.2%. BRICS members are now rewriting trade deals where local currencies are used and not the US dollar for cross-border transactions.

“There’s a lose correlation between the amount of invoices done in or written in the US dollars round. About 50% of the world’s invoices are written in the US dollars. So fundamentally central banks need dollar reserves,” said Foley. However, she stressed that the development could change soon. “And I think that will change,” she said. 

“Over the last 40-50 years, the share of the world’s trade from the US dollar has shrunk really because China’s growth in the emerging markets are great, but that is still nearly 60% of reserves,” she said. If BRICS continues the de-dollarization agenda, the US dollar could lose more value in the coming decades.

@ Newshounds News™
Source:  Watcher Guru

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Gold’s “Day” On Its Way

Gold’s “Day” On Its Way

The Final Wake Up Call By Pete B Meyer Friday 4-18-25

No time left

The global monetary manipulators at the Fed, the central banks, the IMF and the World Bank are playing for time. They need time to achieve long-term fiscal reform. They need time to create the global currency SDRs to be accepted by the market.

They also need time to facilitate the purchase of gold. The problem is that there is no time. A run on gold has already begun before everything is in place and everyone has what they need.

The collapse of confidence in the dollar has begun before the SDR is ready to take its place. The insolvency of the Fed and the central banks is just around the corner. The dollar’s momentum is running out and the red light is flashing.

• The potential destabilising factor is that the amount of gold subject to paper contracts is over a thousand times the amount of physical gold backing those contracts.

If large numbers of holders demand physical delivery, the paper market will crash. And as other holders realise that they are running out of physical gold and cannot redeem their contract for bullion, the slide will escalate into an avalanche, a de facto bank run on the gold warehouses that support the exchanges and ETFs.

A similar dynamic began in October 2012, when the spot price of gold peaked at around $1,900/ounce. From there, gold fell to $1,200/ounce over the next six months.

Far from scaring off buyers, the gold crash made gold look cheap to millions of individual buyers around the world. They queued up at the banks, which quickly ran out of supply.

Buyers of standard 400 ounce and 1 kilo bars found there were no sellers; they had to wait almost thirty days for new bars to be produced by the refineries that were working around the clock to keep up with gold demand.

Massive conversions took place in the gold FTFs, not because all investors were bearish on gold, but because some wanted to get billions out of storage before running out of gold.

Backwardation

Gold futures went into backwardation, a highly unusual condition in which gold for spot delivery is more expensive than gold for forward delivery; the reverse is usually true because the forward seller has to pay for storage and insurance. This was another sign of acute physical scarcity and high demand for immediate access to physical gold.

When a gold buying panic breaks out, there is no single gold window to close. Instead, a multitude of contractual clauses, in fine print rarely read by gold buyers, would kick in.

• Gold futures exchanges have the ability to convert contracts to cash settlement only and close physical delivery channels. Bullion banks can also settle gold futures for cash and deny buyers the ability to convert to allocated gold.

As a result of the force majeure clauses in the contracts, to be used by banks that have sold more gold than they have in stock, investors will receive a cash settlement up to the contract termination date, but no more. Investors would get some cash, but no gold bars, and would miss out on the price spike that was sure to follow.

Physical gold was already in short supply and high demand in early 2014, and there was no price spike as a result of the manipulation.

Looming disaster

Central banks were still able to suppress the price of gold. But the alarm has been sounded. The ability of central banks to suppress the price of gold has been challenged, while a new demand for gold from paper buyers has emerged.

The entire international monetary system is stumbling on a rope of physical demand for gold. As the price of gold oscillates between the forces of physical demand and central bank manipulation, another greater catastrophe is looming: the Federal Reserve is on the brink of insolvency, if not already over the brink.

This is the conclusion of expert Fed critic Frederic S. Mishkin, one of the world’s most eminent monetary economists and mentor to Ben Bernanke and other Fed governors and economists.

As such, the central bank will have little choice and will be forced to buy up government debt and monetise it, ultimately leading to a rise in inflation.

Mishkin points to another collapse in the making, separate from debt monetisation and inflation. When the Fed buys longer-term debt with newly printed money, its balance sheet suffers large mark-to-market losses as interest rates rise.

The Fed does not disclose these losses until it actually sells the bonds as part of an exit strategy, although independent analysts can estimate the size of these losses based on publicly available information.

Debt monetisation leaves central bankers with a bad choice.

• If the country slips into deflation, the debt-to-GDP ratio will deteriorate because there is insufficient nominal growth.

• If the country slips into inflation, the debt-to-GDP ratio will deteriorate because of higher interest rates on the country’s debt.

• If the central bank fights inflation by selling assets, it will incur losses on bond sales and its insolvency will be exposed.

This insolvency could undermine confidence and in itself lead to higher interest rates.

The central bank’s losses will also worsen the debt-to-GDP ratio, as the Fed will no longer be able to transfer its profits to the Treasury, increasing the deficit.

There seems to be no way out of this sovereign debt crisis for the US or any other country; all roads are blocked.

The Fed avoided some pain in 2009 with its monetary stimulus and market manipulation, but the real pain was saved for another day.

That day has now arrived.

The proof is in: a monetary system based on credit rather than bullion isn’t as good an idea as it may have looked in the first place.

A credit system cannot last in the modern world because as the volume of credit increases, the creditworthiness of the issuers decreases. The more they borrow, the less able they are to repay.

The price of gold is rising. The only scenario that could stop it rising would be if the world achieved real economic growth and stability.

Which is not on the cards for the foreseeable future!

And with only 1% of people owning any kind of bullion, there will be plenty of customers for gold and silver.

Any major black swan event could cause gold prices to rise much sooner.

• The truth is that another Lehman-type crisis could be just around the corner, while a change of course won’t be in the cards until it’s too late.

In other words, a rally in precious metals could come sooner rather than later.

https://finalwakeupcall.info/en/2025/04/18/golds-day-on-its-way-2/

Economist’s “News and Views” 4-18-2025

Trump’s Plan to Fire Powell & Launch a New Global Economy

Daniela Cambone:  4-18-2025

"The bond market will start to get really, really concerned... credit market just seized up overnight," says Peter Grandich, publisher of PeterGrandich.com.

Ahead of Easter Day, he sits down with Daniela Cambone to unpack growing risks in the financial system—and why even the Fed may be powerless to stop what’s coming.

 Grandich points to a recent moment of overnight panic that shook the bond market and triggered a sudden credit market seizure. "We saw one day the stock market cave, the dollar cave, the bond cave, and gold go up a lot," he says.

Typically, when stocks fall, investors flock to bonds or the U.S. dollar as safe havens. But in this rare and alarming scenario, Grandich explains, everything fell—except for gold, underscoring a deep loss of confidence in the entire financial system.

Watch the full interview to learn why there's no better time than now to invest in gold.

Key Topics:

-Peter Grandich stresses the Fed’s shifting dynamic with Trump.

 -Gold is surging on unprecedented physical demand

. -Markets now move more on algorithms than individual investors.

-Deep U.S. political and social divides are clouding the economic outlook.

-Talk of a global reset grows as nations eye alternatives to the dollar.

 -Equity markets face rising correction risks.

-The Fed’s influence is fading compared to years past.

 -Easter symbolizes renewal and hope.

Chapters:

00:00 Trump against Powell

4:28 BRICS

 5:39 Fed saving the market

8:00 Who will replace Powell?

10:56 Gold price

 14:26 Equity market

 18:40 Financial system reset

20:41 Troublesome time

 23:34 Peter’s message

 27:35 Sense of hope

https://www.youtube.com/watch?v=2OXpqydylTA

Watch for the Fed to Bail Out the Bond Market Soon

Heresy Financial:  4-18-2025

TIMECODES

 00:00 It’s Not About Stocks Anymore

00:21 Jamie Dimon Warns of a Meltdown

00:45 What “Kerfuffle” Really Means

01:13 Signs of a Coming Liquidity Crisis

 01:59 Treasury Yields Are Spiking Fast

02:15 Repo Market Flashbacks to 2019

 02:55 Hidden Risks Are Building Again

 03:36 Banks Want Rule Changes Now

 04:05 The Fed Might Have to Bail Them Out

 05:07 We’ve Seen This Playbook Before

 05:59 Trump, Powell, and the 10-Year Yield

07:17 Why the Bond Market Matters More

08:00 The Bear Market Clock Is Ticking

https://www.youtube.com/watch?v=5QR8HkuRoog

8 Banks Just Leveraged Paper Against 4 Billion Ounces of Silver—It’s A Suicide Pact | Andy Schectman

Two Dollars investing:  4-18-2025

8 Banks Just Leveraged Paper Against 4 Billion Ounces of Silver—It’s A Suicide Pact | Andy Schectman

The silver market is on the edge of catastrophe — and it’s not by accident. Just 8 Western banks have quietly built a paper position shorting over 4 billion ounces of silver — a volume so extreme it equals nearly 4 years of global mine supply.

Andy Schectman exposes how this dangerous leverage is not only unsustainable… it’s a suicide pact waiting to detonate.

Meanwhile, nations like China, Russia, and India are draining physical supply directly from miners — bypassing the manipulated markets entirely.

https://www.youtube.com/watch?v=dVql4ynfK5I

Seeds of Wisdom RV and Economic Updates Friday Morning 4-18-25

Good Morning Dinar Recaps,

ARIZONA LEADS CRYPTO RESERVE LEGISLATION RACE AS SB 1373 PASSES HOUSE COMMITTEE

▪️The Arizona Strategic Digital Assets Reserve Bill passed the House committee on Thursday.

▪️The bill, which calls for the creation of a strategic reserve, now awaits a final reading and full floor vote before reaching the governor’s desk for approval.

Arizona's Strategic Digital Assets Reserve Bill, or "SB 1373," passed the House committee on Thursday. It now awaits a third reading and a full floor vote before reaching the governor's desk for final approval.

The SB 1373 bill proposes the creation of a digital assets strategic reserve fund, which would consist of funds appropriated by the legislature and crypto assets seized by authorities.

The bill notes that the state treasurer would be allowed to deposit seized crypto into the fund via a qualified custody solution or a state-registered exchange-traded product, and that the treasurer may loan digital assets from the fund for additional returns.

"The state treasurer may not invest more than ten percent of the total amount of monies deposited in the fund in any given fiscal year," the bill says.

According to SB 1373, the term "digital assets" include virtual currency, virtual coin, and cryptocurrencies, which encompass bitcoin, stablecoins, non-fungible tokens, and other blockchain-based assets that carry economic or access rights.

A separate bill — the Arizona Strategic Bitcoin Reserve Act (SB 1025) — also passed the House on April 1. If enacted, SB 1025 would allow state funds to invest up to 10% in "virtual currency holdings."

However, Arizona's crypto reserve bills may face a significant roadblock in the legislative progress as Governor Katie Hobbs vowed to veto all bills until the legislature passes a disability funding measure.

Several other U.S. states are currently advancing crypto-related legislation. According to data from bitcoin legislation researcher Bitcoin Laws, Arizona has made the furthest progress in passing the digital asset reserve legislation, followed by Texas and New Hampshire.

@ Newshounds News™
Source:  The Block

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RUSSIA MULLS LOCAL STABLECOIN ISSUANCE TO CIRCUMVENT SANCTIONS

A Deputy Director at the Russian Finance Ministry, Osman Kabaloev, has floated the idea of Russia launching a stablecoin to help with import and export payments. Over the last three years, Russia has tried numerous routes to circumvent sanctions given its access to Swift for cross border payments is blocked.

 A current popular route is the use of stablecoins, and Tether in particular. However, in early March, Tether froze $28.5 million in funds belonging to sanctioned Russian crypto exchange Garantex, causing it to suspend services.

“That blocking that recently happened… makes us think that we need to look at creating internal instruments like USDT, possibly tied to other currencies, like they do in the Emirates – a stablecoin for the dirham – and in many other countries,” Kabaloev said at a conference of the Association of Russian Banks, according to Reuters. He was referring to the recent launch of the AE Coin, a dirham stablecoin authorized by the Central Bank of the UAE. Notably, the dirham is pegged to the dollar.

This isn’t the first report about Russian stablecoins. Last August there were reports of plans to issue a stablecoin in the Chinese yuan as well as a BRICS basket. It’s unclear whether China’s government would support a yuan stablecoin or would prefer the use of its CBDC.

The yuan is relevant because a significant proportion of Russia’s cross border payments have now shifted to the Chinese currency.

Tokenization & crypto for cross border payments

Russia already has two experimental programs that can be used for cross border payments. It has digital financial asset (DFA) issuance, its regulated tokenization regime that was launched before the Ukraine invasion. This supports assets such as tokenized gold or oil, and Iran said it was working with Russia on using tokenized assets for payments.

DFAs were originally intended for domestic investments, but a year ago Russia passed a law allowing DFAs to be used for cross border payments. Around the same time, local ratings agency ACRA highlighted frictions for foreign DFA holders because they’d have to onboard with Russian banks.

Russia’s central bank is not a big fan of cryptocurrencies, and initially resisted their use for cross border payments. However, late last year a new experimental program was launched to support the use of cryptocurrencies for imports and exports.

Mr Kabav also mentioned proposals the Central Bank subloemitted for crypto trading.

On the payments front he said, “Pilot transactions were conducted at the end of December, and now the mechanism is gaining momentum. Therefore, we hope that we will only strengthen and expand this area.”

At the same time Russia is working on a digital ruble central bank digital currency (CBDC), and there’s been much talk of a BRICS Bridge. That’s a planned cross border CBDC payment system for local currency payments amongst the ten BRICS member states.

@ Newshounds News™
Source:  Ledger Insights

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RUSSIAN SENATOR ANTICIPATES CREATION OF BRICS+, DOZENS OF NATIONS POTENTIALLY INVOLVED

Deputy Speaker of the Federation Council Konstantin Kosachev revealed that several countries are set to join the BRICS+ initiative, aiming to include the maximum number of participants. The Russian senator emphasized that this geopolitical group would facilitate direct interaction with dozens of countries outside the bloc.

Deputy Speaker of the Federation Council Konstantin Kosachev revealed that several countries are set to join the BRICS+ initiative, aiming to include the maximum number of participants. The Russian senator emphasized that this geopolitical group would facilitate direct interaction with dozens of countries outside the bloc.

Russian Senator Reveals Future Creation of BRICS+ Geopolitical Group

The BRICS alternative bloc, composed of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates, is now seeking to expand its reach and influence to other countries through BRICS+.

Konstantin Kosachev, a Russian Senator of the Federation Council, said the bloc will deploy this new initiative to put dozens of allied countries in direct contact with the organization.

Kosachev stated:

This will not be a closed association for BRICS countries and partners, but rather a broader platform aimed at including the maximum number of participants.

The Russian Senator noted that several nations, including China, Iran, the United Arab Emirates, Ethiopia, South Africa, and Brazil, the current president of BRICS, had expressed their support for the BRICS+ initiative. “Several other countries are still considering their positions, but in this case, as within the entire association, we do not impose our will or attempt to enforce a single discipline,” he clarified.

The idea would be discussed during the next Parliamentary Forum in June, where representatives of the member states and allied nations will be present. “We hope to reach some decisions to formalize this initiative on the platform of the Inter-Parliamentary Union during the autumn assembly,” Kosachev concluded.

The news hints at a new level of cooperation between the BRICS bloc and its allies centered in the BRICS+ initiative, which could be used to coordinate binding economic and governance policies seeking to strengthen the group’s position in the face of the current financial turmoil and market uncertainty.

Per Russian Foreign Minister Sergey Lavrov’s statements, these measures could include adopting a common payment system, which will also be available for countries outside the group.

@ Newshounds News™
Source: Bitcoin News

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Seeds of Wisdom RV and Economic Updates Thursday Evening 4-17-25

Good Evening Dinar Recaps,

OKX GOES LIVE IN THE US AFTER SETTING UP NEW HEADQUARTERS IN SAN JOSE, CALIFORNIA

The world’s sixth-largest crypto exchange by daily trading volume is now accessible to the American market.

In a statement, OKX says that it is accelerating its expansion in the US with the official launch of its centralized exchange and web3 wallet in the country.

The move enables existing OKcoin customers to migrate to the OKX platform, though new user registration won’t be available until later this year.

The Seychelles-based firm says the measured rollout will help ensure a secure onboarding process for customers.

OKX has also set up its headquarters in San Jose, California, and appointed former Barclays Investment Bank director Roshan Robert as the new US CEO as part of its US strategy.

Says Robert,

“This expansion in the United States is not only the expansion of the business map, but also a solemn commitment to ‘responsible growth’. In the face of the evolving regulatory environment, we are working closely with regulators and policymakers to ensure sound operation on a transparent and compliant basis.”

The exchange says it positions itself at the heart of Silicon Valley’s innovation system by setting up the new California headquarters.

“This strategic move strengthens OKX’s regional operations, enabling it to recruit top-tier talent, foster cutting-edge product development, and expand its presence in the world’s largest financial market.”

@ Newshounds News™
Source:  The Daily Hodl

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BRICS EXPANSION: 44 COUNTRIES READY TO JOIN ALLIANCE IN 2025

BRICS expansion could be a major topic of discussion as the total number of countries expressing interest in joining the alliance is growing in 2025. The 17th summit is scheduled to be held on July 7 and 8 in Brazil’s Rio De Janeiro. The 10-member bloc will decide the future of the alliance, and all decisions will be based on consensus.

A BRICS expansion in 2025 could also accelerate de-dollarization as more countries look to end reliance on the US dollar. Apart from the sanctions, Trump’s recent tariffs are also making emerging economies distrust the White House policies.

44 Countries Show Interest to Join BRICS as Expansion Talks Grow in 2025

Vietnam is the 44th country that has expressed interest in joining the alliance this month. China, Russia, and Iran are looking at BRICS expansion in 2025 while the other members are stepping back.

 Russia and Iran are reeling under US sanctions making their economies remain under pressure and lose business deals. 

Out of the 44 countries, 23 nations have formally submitted their applications while 21 have informally expressed interest to join.

On the other hand, China wants to use the bloc as a stepping stone to dismantle the US dollar’s dominance.

Therefore, BRICS expansion in 2025 will only help China, Russia, and Iran as more countries will join the de-dollarization bandwagon. The decision to add more countries will be decided in the upcoming summit in Rio De Janeiro.

“Vietnam consistently pursues its foreign policy of independence, self-reliance and multilateralization and diversification of international relations, and being a trusted friend and responsible member of the international community,” said Vietnam’s Foreign Ministry’s spokesperson about the country’s interest in being a part of the BRICS expansion in 2025.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Economist’s “News and Views” 4-17-2025

BREAKING: Shanghai Premium Signals MASSIVE Silver Transfer From West To East! - Andy Schectman

Financial Wisdom:  4-17-2025

In this latest interview, Andy Schectman discusses how silver premiums are surging dramatically in China (currently 7.2% higher than London prices) while explaining how global physical demand, limited supply, and strategic accumulation by central banks are creating unprecedented pressure that will likely drive both silver prices and premiums much higher.

0:00 - Shanghai vs. London: Silver and Gold Price Premiums

0:35 - The Role of Arbitrage and Supply Dynamics

1:00 - Central Banks' Gold Accumulation Trends Since 2017

1:38 - A New Settlement Currency Backed by Gold

2:09 - Puzzle Pieces Indicating Higher Gold Prices

3:06 - Future Gold Price Projections by Analysts

 3:42 - Massive Silver Deliveries and LBMA Delays

5:10 - Silver and Gold Premium Trends and Arbitrage

 6:00 - US Mint Allocations and Silver Eagle Shortages

7:08 - Premium Collapses and Recovery in Gold and Silver Coins

 9:17 - Supply-Demand Dynamics in Gold and Silver Premiums

 10:00 - Expectations for Premium Increases by Summer

 10:19 - Gold-Silver Correlation and Suppressed Silver Prices

11:35 - Strategic Stockpiling of Silver by Nations

12:33 - Silver’s Role in Military and High-Tech Applications

 13:08 - Silver's Outperformance Potential and Market Dynamics

13:54 - Technical Analysis: Silver’s Cup and Handle Formation

 14:04 - Challenges in Holding Down Silver Prices

https://www.youtube.com/watch?v=cZDG98kBd7U

$300 Trillion 'Debt Crisis' Is Here: It's Over For Dollar | Matt Piepenburg

David Lin:  4-17-2025

Matthew Piepenburg, Partner of Von Greyerz AG, discusses the the debt crisis the country is facing and the future of the U.S. dollar.

0:00 - Intro

1:14 - Move Away From U.S. Assets

4:45 - Debt Crisis

 11:52 - Consequences Of Debt

19:35 - U.S. Dollar

24:47 - Safe Haven Assets

30:40 - Inflation

34:17 - 2008 Comparisons

 37:50 - Trade War

42:54 - Multipolar World

47:35 - Market Outlook

49:45 - Gold

52:51 - Bitcoin

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

GAME OVER: BRICS+ Dethrones the West as its Grain Exchange Undermines US Trade Dominance Globally

Lena Petrova:  4-17-2025

https://www.youtube.com/watch?v=sWJXrItDH9g

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 4-17-25

Good Afternoon Dinar Recaps,

TRUMP SLAMS POWELL OVER RATE CUTS: ‘TOO LATE AND WRONG!’ CALLS FOR FED CHAIR’S REMOVAL

U.S. President Donald Trump slammed Fed Chair Jerome Powell on Thursday, saying he’s “always too late and wrong” for not cutting interest rates. Trump believes the Fed should have acted way sooner to support the economy.

He notes that the European Central Bank might have already cut rates multiple times while Powell has been slow to act. Trump also mentioned in his post that oil prices and groceries, including eggs, have gone down and the US is benefitting from tariffs.

Trump Calls For Powell’s Termination

He notes that Powell should have acted sooner but he still needs to reduce the rates now. He also expressed frustration over Powell’s leadership, calling for his removal. “Powell’s termination cannot come fast enough!” he said.

In his Wednesday speech, Powell stated that the Fed would wait for more economic data before adjusting the interest rates. He also warned that the tariff policies could further push jobs off the track. Besides, he also added that the recent market volatility is a natural reaction to the administration’s shifting trade policies, and that is not something that the Fed requires to intervene.

“For the time being, we are well positioned to wait for greater clarity before considering any adjustments to our policy stance,” Powell said in his speech to the Economic Club of Chicago.

Powell’s Remarks Add to The Tensions

Powell said that the US tariffs could raise inflation and the public would end up paying for it. Trump also called Powell’s report ‘a complete mess’ and warned that Trump’s extensive tariffs on trade partners could force the Fed to make a difficult choice between tackling inflation and rising unemployment. 

Notably, these remarks further escalates the tensions between the White House and the Fed amidst a politically charged economic period.

Trump’s sweeping and unpredictable tariff policies have left the investors and trade partners unsettled and worrying over its potential impact on international trade. While Trump has urged Powell to cut rates, the Central Bank has held the interest rates steady at 4.25 to 4.5% since the start of the year.

@ Newshounds News™
Source:  Coinpedia

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CHINA IMPORTS RECORD AMOUNTS OF CANADIAN OIL, CUTS US PURCHASES

China has begun importing record amounts of Canadian crude oil while slashing purchases of US oil by roughly 90% amid a growing trade war. A pipeline expansion in Western Canada has presented China and other East Asian oil importers with expanded access to the vast crude reserves in Alberta’s oilsands region. The deal resumes China’s oil imports while allowing the country to avoid making a new oil deal with the USA.

According to data from Vortexa Ltd., Chinese crude imports from the port at the pipeline terminus near Vancouver surged to 7.3 million barrels in March. On the flip side, Chinese imports of US oil have collapsed to 3 million barrels a month from a peak of 29 million in June. 

“Given the trade war, it’s unlikely for China to import more US oil,” Wenran Jiang, president of the Canada-China Energy & Environment Forum, told Bloomberg. “They are not going to bank on Russian alone or Middle Eastern alone. Anything from Canada will be welcome news.”

Just yesterday, oil futures turned higher after Chinese officials signaled that they might be willing to engage with the U.S. However, those talks appeared to have reversed, as now the BRICS founder is working with Canada, another victim of US tariffs. China likely isn’t going for oil from the Middle East due to oil from Alberta being inexpensive compared to the Middle East.

While the oil price surge from China-US trade news gave a bit of relief, there are still significant challenges that remain in the market. The International Energy Agency just recently slashed its global oil consumption forecast, basically saying that supply additions will probably exceed demand. And those surprisingly large output increases that OPEC and its allies announced further complicate this whole situation. The trade war is streaming into the oil industry, causing countries like China to look for new options.

@ Newshounds News™
Source:  Watcher Guru

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The Plan to Destroy Dollar and Reset System: Andy Schectman

The Plan to Destroy Dollar and Reset System: Andy Schectman

Liberty and Finance:  4-16-2025

While the stock market grabs headlines, a silent revolution is happening in the precious metals market. According to Andy Schectman of Miles Franklin, precious metals are quietly surging, with gold potentially hitting a historic high of around $3,300 per ounce.

Yet, this significant milestone is being largely ignored by the mainstream financial media. In a recent interview with Liberty and Finance, Schectman delves into the reasons behind this “stealth rally” and what it might signify for the future of the U.S. dollar.

Schectman argues that the lack of media attention is no accident.

He suggests the U.S. government might be strategically downplaying gold’s rise to pave the way for a drastic devaluation of the dollar, a move that could alleviate the crippling weight of the country’s massive debt.

But who is driving this surge in precious metals? Schectman believes it’s not the average investor. Instead, he points to the “big boys” – central banks, hedge funds, and sovereign wealth funds – as the primary forces behind the gold market’s upward trajectory.

 These institutional investors, with their vast resources and deep understanding of global finance, are strategically positioning themselves for what they foresee as imminent financial instability.

For those looking to protect their wealth and potentially profit from the coming changes, Schectman highlights silver as a particularly compelling opportunity.

 He positions silver as the most undervalued asset class, currently trading at a historically depressed price relative to gold. Investing in silver, he suggests, is a strategic hedge against systemic financial risk and a calculated bet on an eventual correction of the gold-to-silver ratio.

Schectman argues that silver’s undervaluation represents a significant opportunity for investors. He believes that as gold continues its upward trajectory, silver will inevitably follow.

 This is due to its industrial uses, which make it a more versatile commodity than gold, as well as its historical role as a monetary metal.

The implications of Schectman’s analysis are significant. If the U.S. government is indeed considering a dollar devaluation, it could have far-reaching consequences for the global economy. Inflation could skyrocket, eroding the purchasing power of ordinary citizens. Assets denominated in dollars could lose value, while those in alternative currencies or precious metals could see significant gains.

Schectman’s message is a stark warning, but also an opportunity. He encourages investors to take a proactive approach to protecting their wealth by considering precious metals, particularly silver, as a hedge against potential financial turmoil.

While the main stream media may be silent on this shift, the smart money is already making its move. It’s time for individual investors to pay attention to the quiet revolution happening in the precious metals market and consider their own strategies for navigating the uncertain financial landscape ahead.

https://youtu.be/WRoffN_Idc4

Seeds of Wisdom RV and Economic Updates Thursday Morning 4-17-25

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RIPPLE VS SEC LAWSUIT UPDATE: 60-DAY COURT PAUSE EXPLAINED

▪️The Ripple-SEC case is paused for 60 days, sparking speculation of behind-the-scenes developments.

▪️A crypto lawyer suggests Ripple and the SEC might be negotiating a settlement and seeking clarity on private token sales.

▪️The case's future hinges on potential agreements, Judge Torres' rulings, and could extend into late 2026 if no deal is reached.

The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is taking yet another twist. While the U.S. Court of Appeals has agreed to pause the case for 60 days, this has sparked fresh speculation and raised new questions: Is something happening behind the scenes? Could a major shift be coming in one of crypto’s most closely watched legal fights?

Prominent crypto lawyer James Farrell has shared some insights that might offer clues – and they’re worth paying attention to.

Why the Pause?

According to Farrell, this pause may be a sign of major developments ahead. Both Ripple and the SEC asked for the pause together, which suggests they might be working on something behind closed doors.

Farrell says there are two possibilities in play: a potential settlement and an “indicative ruling” from Judge Analisa Torres. Ripple is hoping the judge will allow it to sell private tokens under certain conditions—something it’s currently not allowed to do because of past violations.

If Ripple isn’t allowed to sell tokens privately, it may not be able to go public any time soon. While other crypto companies might move ahead with IPOs, Ripple could be stuck waiting for years before launching its own.

Two Possible Paths Forward

Farrell explains that Ripple and the SEC might be considering two paths:

▪️Settlement Without Rule Change
Ripple could offer a settlement to the SEC. If the SEC accepts the deal but denies Ripple’s request to change the rules, the case would end. However, Ripple would still need Judge Torres to approve the rule change. That process could take another 3 to 6 months – and there’s no guarantee the judge would say yes.

▪️Full Agreement With Rule Change
In this option, the SEC agrees to both the settlement and Ripple’s request. The case would return to Judge Torres, who would then decide how to move forward. But even in this case, it could still take months, depending on how quickly the court acts.

How Soon Could This End?

If Ripple and the SEC reach a full agreement, the appeal could be dismissed as early as next month. But if Ripple has to file separately for rule changes, things could drag on much longer.

If no deal is made at all, the case could go back to the appeals court – possibly stretching the legal battle into late 2026 or even 2027.

The SEC is expected to make its next official move by June 15. Until then, both the crypto world and the legal community will be watching closely to see what happens next.

Ripple’s path forward might be uncertain, but the next few months could shape the future of crypto regulation in a big way.

@ Newshounds News™
Source:  Coinpedia

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CARDANO ENTERS BRAZIL THROUGH MAJOR UNIVERSITY COLLABORATION

The Cardano Foundation has formally announced a new partnership with the Pontifical Catholic University of Rio de Janeiro (PUC-Rio), a top-ranked Brazilian university renowned for its contributions to research and development.

The collaboration, revealed on April 15, will concentrate on the advancement and practical application of blockchain technology, specifically within the energy sector in Brazil.

Cardano Partners with Top Brazilian University

PUC-Rio is recognized as one of the top five private universities in the world for excellence in research and development, and it has a broad history of partnerships within the energy industry.

 The establishment of this collaboration follows previous cooperative efforts between PUC-Rio and the Brazilian state-owned enterprise Petrobras, as well as the Cardano Foundation’s own involvement with Petrobras on blockchain-driven initiatives.

Through this new endeavor, PUC-Rio’s Ledger Labs—a research group concentrating on the utilization of DLT in finance and business—will receive support from the Cardano Foundation to explore various aspects of blockchain implementation. 

According to official statements, the initial areas of focus will include blockchain economics, decentralized finance (DeFi), governance of decentralized autonomous organizations (DAOs), and digital assets.

“At the core of blockchain advancement are education and innovation. Through our collaboration with esteemed academic institutions like PUC-Rio, the Cardano Foundation ensures that the next generation of developers, industry leaders, and regulators can harness this transformative technology to its fullest potential—creating solutions that address real-world challenges and drive positive global impact,” Cardano Foundation CEO Frederik Gregaard commented.

The immediate emphasis of this alliance will be directed toward developing blockchain-based solutions that enhance production, consumption, and overall value chains in renewable energy fuels. Joint research and pilot projects in cooperation with Petrobras are expected to delve into specific methods of applying Cardano’s blockchain infrastructure to processes such as tracking and verifying energy outputs, optimizing workflows, and ensuring robust data integrity.

Ledger Labs at PUC-Rio will serve as the operational base for these studies. Leonardo Lima, Vice-Dean of the university and head of Ledger Labs, noted that the scope of the partnership will also encompass philanthropic endeavors geared toward social impact.

“Our partnership with the Cardano Foundation marks the beginning of the development of a series of use cases, not only in the energy industry but also in the field of philanthropy, with a focus on social impact projects,” he said.

Beyond the technological and scientific research, the partnership aspires to enrich PUC-Rio’s blockchain ecosystem by hosting joint events, supporting student-led social projects, and inviting other organizations to collaborate on emerging blockchain strategies. 

A significant part of this development will occur through A.L.B.A (Ada Labs for Blockchain Applications), an arm of Ledger Labs that is expected to integrate standards previously introduced at the Universidad Tecnológica Nacional (UTN) in Buenos Aires, Argentina.

The Foundation’s current expansion in Brazil reflects its growing footprint in the region. “Our partnership with PUC-Rio marks the Cardano Foundation’s second collaboration with a Brazilian entity this year. Last month, we announced our partnership with SERPRO, the world’s largest public IT company, and we have been collaborating with Petrobras, Brazil’s state-owned energy company, since 2023,” said Rafael Fraga, LATAM Business Development Lead for the Cardano Foundation.

@ Newshounds News™
Source:  Bitcoinist

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Seeds of Wisdom RV and Economic Updates Wednesday Evening 4-16-25

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SEC VS RIPPLE UPDATE: MOTION TO TEMPORARILY SUSPEND APPEAL GRANTED; WHAT NEXT FOR XRP PRICE?

▪️Closing the four-year legal battle opens a new chapter for XRP mainstream adoption, catalyzed by Ripple Labs’ payment products.

▪️XRP price must hold above the support level of about $2 to invalidate further market correction.

The Donald Trump administration has gradually fulfilled its promises made during the campaign period to the crypto ecosystem. The successful replacement of Gary Gensler with crypto-friendly SEC chair Paul Atkins has helped expedite the closure of several web3-related cases, including against Ripple and Binance exchange.

SEC vs Ripple Case Update

Earlier on Wednesday during the mid-North American trading session, James K Filan, a prominent defense lawyer, released court documents dated April 16 regarding the SEC vs Ripple appeal.

According to the court documents, Circuit Judge José A. Cabrenas granted a joint motion, filed by the U.S. SEC and Ripple to temporarily suspend their appeals amid the case closure.

“The parties jointly move to hold this appeal in abeyance, with the U.S. SEC directed to file a status report within 60 days of this order,” the court order noted.

Meanwhile, Ripple Labs agreed to pay a $50 million fine to settle the longstanding case.

XRP Price Analysis

After closing the first quarter in bearish sentiment, XRP has attempted to regain a bullish outlook in the past few weeks. The large-cap altcoin, with a fully diluted valuation of about $206 billion and a 24-hour average volume of about $3.45 billion, has been forming a potential reversal pattern in the daily timeframe.

The XRP price, against the U.S. dollar, has formed a possible inverse head and shoulders pattern, coupled with a bullish divergence of the daily Relative Strength Index (RSI). As a result, if the XRP price holds above the support level of around $2 and remains above the YTD falling logarithmic trend, a target of between $2.8 and $3 will be achievable.

@ Newshounds News™
Source:  Coinpedia

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PANAMA CITY TO ACCEPT CRYPTO FOR PUBLIC SERVICES

Panama City Mayor has said the Panama District municipality will become the first in the nation to accept cryptocurrency payments for services, following unanimous approval by the City Council.

Unanimous Approval

The Panama City Mayor Mayer Mizrachi announced on April 15 that the Panama District municipality will become the first in the nation to accept cryptocurrency as a form of payment for services. The decision follows a unanimous approval by the City Council.

According to Mizrachi, the new payment system will operate through an authorized bank that will handle the conversion of cryptocurrency payments into U.S. dollars for the Mayor’s Office. 

This mechanism aims to streamline the process and mitigate potential volatility associated with digital assets for the municipality’s finances.

“My dear City Council has unanimously approved an initiative initiated by the Mayor’s Office, which will allow all citizens to pay their obligations and taxes in crypto,” Mizrachi explained, highlighting the significance of this decision.

The mayor further stated that Panama, often considered Central America’s financial hub, was lagging behind in adopting this modern payment method. 

He clarified the legal framework, stating, “Legally, it’s simple: the Mayor’s Office receives dollars, but there’s an intermediary who receives the crypto, transforms it into dollars, and takes it to the Mayor’s Office.”

Mizrachi indicated that a formal announcement with further details will be made once the agreement with the partnering bank is finalized. He emphasized the broader implications of this decision, stating, “This allows for the free movement of cryptocurrencies throughout the economy and throughout government.”

Besides positioning itself as Latin America’s crypto hub, Panama introduced a draft bill aiming to regulate cryptocurrencies and establish a legal framework for blockchain-based services. The bill outlines licensing requirements for Virtual Asset Service Providers (VASPs) to register with Panama’s Financial Analysis Unit (UAF) and adhere to know your customer and anti-money laundering regulations.

If passed, this legislation could provide greater legal clarity and consumer protection while fostering innovation in Panama’s digital economy.

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Source:  Bitcoin News

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Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 4-16-25

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OKLAHOMA KILLS BITCOIN RESERVE PROPOSAL IN SENATE COMMITTEE VOTE

Oklahoma’s attempt to become one of the first U.S. states to implement a Bitcoin reserve has come to an abrupt end.

In a tight 6-5 vote on Monday, the Senate Revenue and Taxation Committee struck down House Bill 1203, also called the Strategic Bitcoin Reserve Act, despite late momentum and a surprise vote reversal from Sen. Christi Gillespie.

Gillespie, who had planned to vote no “up until this afternoon,” changed her mind after “a couple of constituents” reached out.

"A lawmaker changed their ‘No’ vote to a ‘Yes’ because they heard from their Bitcoiner constituents!" tweeted Dennis Porter, CEO and co-founder of Satoshi Action Fund, urging Bitcoin reserve advocates to keep pressure on legislators. “Your voice matters!”

Still, the effort fell short in Oklahoma. The "no" votes came from Republican Senators Todd Gollihare, Chuck Hall, Brent Howard, and Dave Rader, along with Democrats Julia Kirt and Mark Mann.

Sen. Christi Gillespie voted YES on Oklahoma's Bitcoin Reserve Bill.

She states that "up until this afternoon", she was going to vote no.

However, she was convinced to vote yes by "a couple of constituents" that reach out and persuaded her.

Introduced by Rep. Cody Maynard in January, HB1203 would have allowed Oklahoma’s state treasurer to invest in Bitcoin and other qualifying digital assets, defined as any with a market capitalization above $500 billion for the past year. At present, only Bitcoin meets that threshold.

An earlier committee passed the bill in February by a wide 12–2 margin, setting up Monday’s high-stakes showdown.

State Bitcoin reserve efforts

With Oklahoma now out of the picture, New Hampshire, Texas, and Arizona have emerged as the top contenders in the race to become the first U.S. state to establish a strategic Bitcoin reserve.

It also marks the latest blow to such proposals, following recent rejections in Montana, North Dakota, Pennsylvania, South Dakota, and Wyoming.

Meanwhile, on April 10, New Hampshire’s House passed HB302, a bill permitting up to 10% of the state’s general fund to be invested in Bitcoin and precious metals. The 192-179 vote sends the bill to the Senate for further consideration.

On the same day as New Hampshire’s vote, Florida’s House Insurance and Banking Committee unanimously passed HB487, which would allow up to 10% of certain state funds to be invested in Bitcoin.

Arizona, meanwhile, continues to lead in terms of legislative momentum. On March 24, the state’s House Rules Committee approved two complementary bills, SB1373 and SB1025, that proposed the Arizona State Treasurer invest public funds in Bitcoin.

The bills now await a full floor vote in the House. If they pass, the legislation will head to Governor Katie Hobbs for final approval.

On March 6, the Texas Senate passed SB-21, a Bitcoin strategic reserve bill, in a 25–5 vote after a contentious debate on the Senate floor.

At the moment, 47 State Bitcoin Reserve (SBR) bills have been introduced across 26 states, with 40 active bills still live in 20 states, as per the reserve tracker Bitcoin Laws’ data.

@ Newshounds News™
Source:  Decrypt

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BRICS: 2 COUNTRIES SETTLE OIL TRADE IN NEW CURRENCY, DISCARD US DOLLAR

China is doing everything possible to advance the de-dollarization agenda and dim the lights on the US economy. BRICS members China and Russia recently sidelined the US dollar to settle oil and gas payments in 2025. The development adds pressure on the US economy as developing nations are using new modes of payment and not the dollar.

Reducing dependency on the US dollar will lead to the currency facing deficits and bring inflation into the homeland. The USD needs to maintain its demand and supply mechanism in the forex markets and failing to do so can bring its doom.

BRICS: China & Russia Settle Oil Trade in New Currency

Trillion-dollar asset management firm VanEck recently confirmed that BRICS members China and Russia have settled oil payments using the leading cryptocurrency Bitcoin. This is a major step in advancing the de-dollarization agenda where the US dollar had a command in the oil and gas industry. “China and Russia have reportedly begun settling some energy transactions in Bitcoin and other digital assets,” wrote VanEck.

VanEck also wrote that the new payment method using BTC for oil settlement “might be bullish for Bitcoin.” BRICS members China and Russia could usher into a new era where Bitcoin is the new payment method and not the US dollar.

The trillion-dollar management firm noted that even Bolivia is following the route of using cryptocurrencies for trade and transactions. “Bolivia has announced plans to import electricity using crypto. And French energy utility EDF is exploring whether it can mine Bitcoin with surplus electricity currently exported to Germany,” they wrote.

De-dollarization is now a major concern as the White House has imposed tariffs on over 185 countries. However, the Trump administration has now announced a 90-day pause in tariffs but the damage has already been done. The BRICS bloc is now more focused on bringing the US dollar down by not using it for oil transactions.

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Source:  Watcher Guru
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Seeds of Wisdom RV and Economic Updates Wednesday Morning 4-16-25

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2 MAJOR KEY EVENTS ON APRIL 16: RIPPLE VS SEC SETTLEMENT AND POWELL’S SPEECH IMPACTING CRYPTO ASSETS

April 16, 2025 – Today marks a potentially pivotal moment in the crypto market as two high-stakes events unfold: the long-awaited conclusion of the Ripple vs SEC lawsuit and a key speech by Federal Reserve Chair Jerome Powell. Together, these developments could significantly influence investor sentiment and shape the near-term direction of crypto assets.

Ripple vs SEC lawsuit Update

After nearly a decade of legal wrangling, the Ripple vs SEC case may finally be over. April 16 was Ripple’s final deadline to file its appellate brief. With no extension granted, the only options were to either submit the filing or reach a settlement.

Sources close to the matter suggest that a settlement has been reached between Ripple and the SEC. As part of the reported agreement, the SEC has dropped its appeal, while Ripple has agreed to pay a $50 million fine and also withdraw its own counter-appeal.

Crucially, there will be no official declaration labeling XRP as a security, which many in the XRP community view as a significant win for the cryptocurrency.

According to Attorney Fred Rispoli on X, Ripple has only two options by April 16. He explained that Ripple cannot ask for more time, so they have only two options. Either they go ahead and file their appeal, which he believes has just a 10% chance, or they announce a settlement or withdrawal, which he thinks is much more likely, with a 90% chance.

 FED Chair Jerome Powell’s Speech

Later today, Federal Reserve Chair Jerome Powell is set to deliver a speech at the Economic Club of Chicago. With U.S. inflation easing and election-year pressure building, Powell’s comments may hint at the Fed’s outlook on future rate cuts.

The market currently expects:

▪️Two rate cuts in 2025

▪️Possibly starting in June or September

However, Powell has repeatedly emphasized caution, citing persistent inflation risks and global uncertainty.A dovish or hawkish tone could significantly influence Bitcoin, altcoins like XRP, and broader equity markets.

@ Newshounds News™
Source:  Coinpedia

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SOUTH KOREAN PRESIDENTIAL CONTENDER VOWS TO PUSH CRYPTO 'AS MUCH AS' TRUMP: REPORT

▪️South Korea’s presidential primary candidate for the right-wing party said he would reform crypto regulations “as much as” the Trump administration.

▪️He also vowed to increase investment into other disruptive technologies, including AI.

A candidate in the South Korean right-wing party's presidential primary pledged to revamp local regulations on blockchain and cryptocurrencies, according to local news agency Yonhap.

"To foster blockchain and virtual assets as an industry, I will reform regulations as much as the Trump administration in the United States," Hong Joon-pyo, a candidate for People Power Party's presidential primary, said during a policy announcement meeting on Wednesday, according to the report.

Hong, who served as mayor of Daegu city up until last week, said that he would work to incorporate blockchain technology into the public sector and administrative services.

Outside of blockchain and crypto, Hong also pledged to invest at least 50 trillion Korean won ($35.1 billion) over five years in research and development for AI, quantum technology and room-temperature superconductors, the report said, as part of his "growth driven by disruptive tech" initiative.

The prominent politician, with nearly 30 years of experience, had previously urged the South Korean government to adopt friendlier policies and regulations on crypto.

In 2021, Hong openly criticized the government's decision to tax cryptocurrency at the time, labeling the move retrogressive and urging the establishment of legal foundations to institutionalize emerging technologies, according to local news outlet Financial News.

South Korea's 20th President, Yoon Suk-yeol, was removed from office on April 4 after the Constitutional Court unanimously upheld the National Assembly's impeachment vote, prompted by his controversial declaration of martial law on Dec. 3, 2024.

With the June 3 presidential election less than two months away, neither of the two major political parties has yet nominated its candidate.

Hong is among eight candidates vying for the People Power Party's nomination. Meanwhile, Yoon's impeachment has given the opposition Democratic Party of Korea an advantage heading into the upcoming election.

@ Newshounds News™
Source:  The Block

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Seeds of Wisdom RV and Economic Updates Tuesday Evening 4-15-25

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XRP ETFS LIKELY NEXT TO GET SEC APPROVAL, BEATING DOGE AND SOLANA: KAIKO

XRP exchange-traded funds may be the next SEC-approved product that gives investors exposure to crypto, according to data firm Kaiko.

An XRP-focused exchange-traded fund is more likely to receive approval than other recently proposed spot funds tracking other major altcoins, market research firm Kaiko said in a report released Monday.

XRP's front-runner position comes because of the underlying token's high liquidity, said Kaiko. Spot volume for XRP on American exchanges recently hit its highest level since before a long-running lawsuit in 2020 led to delistings, Kaiko noted in its report. XRP is the fourth-largest cryptocurrency by market cap.

Kaiko added that the SEC's prior approval of a fund giving investors exposure to the coin also worked in XRP's favor. U.S. asset manager Teucrium Investment Advisors launched a 2x leveraged XRP ETF earlier this month.

"It's hard to argue against allowing a spot product when there's already an active ETF like this, which is highly levered and more risky than a vanilla spot ETF," Kaiko's Adam Morgan McCarthy told Decrypt.

Bitwise, Grayscale, 21Shares, CoinShares, and Canary Capital have all applied to list spot XRP funds. The applications and others for ETFs based on Solana, Litecoin, Cardano, and Dogecoin, among other tokens, reflect issuers' growing efforts to address demand for crypto investment products. Kaiko reported that a Solana-based fund was the next most likely after an XRP ETF to receive a regulatory greenlight.

XRP is a virtual coin created by the founders of fintech company Ripple. The SEC sued Ripple at the end of 2020, alleging that its team sold unregistered securities in the form of XRP.

@ Newshounds News™
Source:  Decrypt

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BRICS: WHEN BARACK OBAMA PREDICTED THE US DOLLAR’S FUTURE

When BRICS was formed in June 2009, former US President Barack Obama had predicted the future of the US dollar. Three months after BRICS was formed in 2009, Obama spoke in length about the USD highlighting its importance across the world. The former President revealed that investor’s confidence in the USD is high and will remain the same for many more years.

However, fast-forward 16 years to 2025, the geopolitical landscape has experienced a paradigm shift. Developing countries are advancing financially and competing with the US in tech, trade, and science.

BRICS is also looking to topple the US dollar giving Barack Obama’s 2009 prediction a reality check. The global financial markets are rapidly evolving with emerging economies looking to dominate the geopolitical spectrum.

BRICS: Barack Obama Had Predicted the US Dollar’s Future in 2009, Here’s What He Said

Former US President Barack Obama spoke about the US dollar’s future prospects when the BRICS alliance was launched in 2009. 

He explained that the USD is an extraordinary currency with immense faith and trust from the global investor community. “The dollar is extraordinarily strong right now,” President Obama said in November 2009.

And the reason the US dollar is strong right now is because investors consider the United States the strongest economy in the world with the most stable political system in the world,” said Barack Obama. However, in 2025, the political landscape is different and BRICS and other developing countries want to topple the US dollar.

Barack Obama’s prediction of the US dollar is now on shaky grounds as BRICS countries find the currency intimidating. The White House pressing sanctions on developing countries is what led the alliance to distrust the USD. Even former US Treasury Secretary Janet Yellen confirmed that sanctions gave way for de-dollarization.

@ Newshounds News™0
Source:  Watcher Guru

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