2025 Market Crash? Inflation Risks and Economic Shifts Revealed

2025 Market Crash? Inflation Risks and Economic Shifts Revealed

Wealthion:  1-8-2025

The champagne corks might be popping on Wall Street in 2024, with equity markets seemingly defying gravity. However, beneath the surface of record highs and bullish sentiment, a sense of unease is growing.

Are we witnessing the final act of a speculative bubble, poised to burst in 2025? A deeper look into the current economic landscape reveals a complex web of factors that could very well trigger a major market correction, and experts are starting to sound the alarm.

In a recent discussion, James Connor sat down with Dylan Smith of Rosenberg Research to dissect the critical market and economic trends that will define 2025. Their analysis paints a picture of a financial landscape fraught with potential pitfalls, driven by a confluence of factors, from frothy markets to shifting central bank strategies.

One of the central concerns is the apparent overvaluation of equity markets. The rapid climb seen in 2024 has many questioning if we’re entering dangerous territory, fueled by speculative buying and a sense of invincibility.

 Combined with this, the specter of inflation continues to loom large. While central banks have attempted to tame price increases, the risk of a resurgence, driven by lingering supply chain issues and global uncertainties, remains very real. This precarious combination could easily trigger a market sell-off as investors scramble to de-risk.

The Federal Reserve’s (Fed) strategy, often referred to as the “Powell pivot,” is another crucial element in this complex equation. The Fed’s moves to manage inflation through interest rate hikes have had a ripple effect across global markets. However, the pace and magnitude of these adjustments are critical.

A misstep could inadvertently push economies into recession, exacerbating any market downturn. This precarious balancing act is particularly challenging given the varying economic situations of different nations.

The discussion also highlighted the stark contrast between the economic performance of the United States and Canada. While the U.S. has displayed surprising resilience and growth, Canada appears to be grappling with a “lost decade” of sluggish economic activity and challenges including high levels of household debt. This divergence creates a unique kind of risk, as global market events could impact these two interconnected economies in very different and potentially unpredictable ways.

Adding to the complexity is the potential impact of Trump’s tariff policies, a subject that’s back on the radar with his reappearance on the political scene. Increased tariffs can disrupt global supply chains, exacerbate inflationary pressures, and potentially trigger retaliatory actions from other nations, further destabilizing the global economic landscape.

Such policies introduce a significant degree of uncertainty into market forecasts, making it even harder to navigate the financial year of 2025.

Ultimately, what emerges from this analysis is that 2025 is shaping up to be a year of considerable uncertainty. Shifting central bank strategies, the potential for renewed inflation, global geopolitical instability, and the potential for disruptive political factors all contribute to a volatile financial landscape. While predicting the future is impossible, the indicators are flashing warning signs, suggesting investors should be prepared for significant market turbulence.

The insights provided by Smith and Connor underscore the importance of vigilance and a diversified approach to investing. Staying abreast of global economic trends, understanding the potential ramifications of central bank policies, and avoiding the temptation to chase short-term gains may be crucial for weathering the potential storm ahead.

While the current market exuberance may feel comforting, a dose of realism and a careful consideration of the risks is essential for navigating the financial complexities of 2025.

https://youtu.be/yzfi9tl-oNg

Seeds of Wisdom RV and Economic Updates Wednesday Morning 1-8-25

Good Morning Dinar Recaps,

BRICS TO KEEP DITCHING THE US DOLLAR IN 2025: ALLIANCE CONFIRMS

On the heels of immense threats from the West and geopolitical concerns brewing, the BRICS economic alliance appears to remain steadfast in its commitment to ditching the US dollar in 2025. Indeed, the collective has seemingly confirmed the matter, as recent discussion pointed to their belief in de-dollarization as a certain necessity.

US President-elect Donald Trump has been outspoken in his defense of the greenback. Throughout this campaign for reelection, he continually reiterated the importance of keeping the dollar as the world’s currency. After his victory, he issued a warning to BRICS specifically, threatening 100% tariffs on the bloc seeking to create their own dollar alternative.BRICS to Keep Ditching the US Dollar Despite Trump Threats And There’s One Key Reason Why

The last year has seen the BRICS economic alliance continue their notable ascent. Once just a five-nation collective, the group phase doubled in size with its most recent expansion. Moreover, it has big plans for the global economic market that have seen the West take an undeniably favorable stance.

Although Trump has warned of impending repercussions, the BRICS bloc has reiterated that they are likely to keep ditching the US dollar in 2025 through a recent confirmation. Indeed, the group discussed the reality that de-dollarization is a necessity so long as the United States continues doing one thing.

In a recent statement, former International Monetary Fund director and Brazilian economist Paulo Nogueira Batista Jr. discussed the fact that sanctions are driving the bloc’s actions. Batista spoke to Russian President Vladimir Putin directly and relayed the foundation of its financial actions as an alliance.

“We are not against the dollar. It is the dollar that is against us,” he said in a recent interview. “Cahellengin the dollar and the US economy would not be possible, and in any case, it’s not our objective. The BRICS will serve to make us immune to sanction.”

So long as the United States continues sanctioning nations like Russia and Iran, the BRICS bloc is unlikely to shift on its de-dollarization approaches. However, that has not stopped dissension within the group from forming.

India has recently spoken about its desire to work with the incoming Trump regime. Moreover, the president-elect stated that he has been in direct contact with China. Specifically, hinting at the country taking a similarly collaborative approach.

@ Newshounds News™

Source:  Watchwe Guru

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RIPPLE CEO MEETS DONALD TRUMP: A MAJOR ANNOUNCEMENT LOOMING FOR XRP?

Ripple CEO Brad Garlinghouse has confirmed a significant meeting with President Elect Donald Trump, held at Trump’s Mar-a-Lago resort Jan 7, 2025. Accompanied by Ripple’s Chief Legal Officer Stuart Alderoty, the dinner highlights Ripple’s expanding influence amidst the changing regulatory environment in the US, sparking optimism for the crypto market in 2025.

With plans to slay 2025 with IPO and stablecoin Ripple is all set to acquire its lost territory. This closed-door meeting could be much more than just what we can imagine. Are we expecting an XRP ETF too?

Ripple’s Dinner Date with Trump, What’s Cooking?

On the social media platform X, Garlinghouse shared his excitement about the meeting, describing it as a “great start to 2025.” 

Alderoty also commented on the event with a lighthearted remark about the menu, but the dinner carries weighty implications. It comes as Ripple celebrates recent court victories against the U.S. SEC, solidifying its position as a leader in the crypto space.

The meeting hints that Ripple can get through the legal battle with SEC and this meeting is very crucial since Ripple and the wider industry are manifesting for a dismissal of Ripple vs SEC setting a crypto milestone.

Ripple is not losing ground

Ripple’s groundbreaking legal victory against the SEC, which had accused the company of selling unregistered securities via XRP, continues to shape its future. 

Attorney John E. Deaton, a pro-XRP advocate, noted that Ripple’s transparency throughout the case underscored the SEC’s aggressive litigation tactics. Despite these challenges, Ripple emerged stronger, opening doors for further advancements in the cryptocurrency sector.

Amid this legal progress, analysts are optimistic about XRP’s potential. Some forecasts predict the token could surge to $3, driven by increasing adoption and confidence in Ripple’s solutions. XRP currently trades at $2.44, with a 14% rise over the past week, signaling strong market momentum.

Expanding U.S. Operations

Ripple is also shifting focus back to the U.S. market, with 75% of its new positions now based domestically. The company secured more U.S. business contracts in late 2024 than in the previous six months combined, signaling robust growth. At the same time, political discussions, including those between Senator Cynthia Lummis and SEC chairman candidate Paul Atkins, emphasize the importance of regulatory reform to foster digital asset innovation.

Ripple is currently holding its market position with new product launches, such as the RLUSD stablecoin, which is set to expand across multiple platforms. The company has also partnered with Chainlink to integrate secure pricing into the DeFi ecosystem, further boosting its valuation.

As Ripple enters 2025, this epic meeting with Trump symbolizes a transformative year ahead, both for the company and the broader crypto space. With legal wins, product innovation, and strategic collaborations, Ripple is poised to lead the blockchain industry.

@ Newshounds News™

Source:  Coinpedia

Read more:  Twitter

~~~~~~~~~

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“Tidbits From TNT” Wednesday Morning 1-8-2025

TNT:

Tishwash:  Article 12 obstructs budget schedules and Parliament is unaware of the size of expenditures and deficit

 Member of the Parliamentary Finance Committee, Jamal Kojer, expected on Tuesday that the budget tables would be sent in February, while he pointed out the possibility of delaying its passage due to disagreements over Article 12.

Kocher said in a statement to Shafaq News, "The Iraqi law requires the Council of Ministers to send the state's general budget to the House of Representatives in the ninth or tenth month of each year, but this has not happened in the past years."

Koger expected that the budget tables for the year 2025 would be sent to the Council at the beginning of next February, but the disagreements over Article 12 of the budget law may delay sending the tables from the government to Parliament.

Koger added that "the House of Representatives and members of the Parliamentary Finance Committee do not have any knowledge of the details of the budget schedules for the year 2025," noting that they do not "know the size of the budget in terms of operating and investment expenses and the deficit rate so far."

Article 12 of the draft budget law includes compensation for the Kurdistan Regional Government for the costs of production and transportation of oil extraction in the region.

It is noteworthy that the representative of the Kurdistan Democratic Party bloc, Jiay Timur, confirmed earlier to Shafaq News Agency, that "the Iraqi government previously calculated in the budget law the cost of extracting oil at $6, and this is a very small number," noting that "foreign companies that work on extracting oil at a cost of up to $26 per barrel."

In June 2023, the Iraqi Parliament voted on the draft general budget law for the fiscal years (2023, 2024, 2025).  link

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Tishwash:  Iraq and America discuss the existing partnership between the two countries and enhancing cooperation

Today, Tuesday, the Speaker of the Iraqi Parliament, Mahmoud Al-Mashhadani, discussed with the Chargé d'Affairs of the US Embassy in Baghdad, Ms. Elizabeth Trudeau, in the presence of the Director of the Political Section at the Embassy, ​​Ms. Michelle Siders, the general situation in Iraq, and ways to enhance cooperation and existing partnership between the two countries. 

The media office of the Speaker of the House of Representatives stated in a statement received by "Kalima News": "During the meeting, the general situation in Iraq was discussed, and ways to enhance cooperation and existing partnership between the two countries, with emphasis on the United States' support for Iraq in various fields, in a way that enhances stability and development."

According to the statement, the meeting also discussed "a number of topics of common interest, including developments in the regional situation and their effects on the Iraqi arena." 

Dr. Al-Mashhadani stressed the importance of strengthening relations between Iraq and the United States within the framework of common interests, stressing the need to continue dialogue and cooperation to support Iraq's stability and continue efforts to confront political and economic challenges. link

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

Tishwash:  Iraqi economy enters "dark tunnel" and MPs are concerned about the delay in sending budget tables

Warnings are increasing that Iraq will face major economic difficulties during the current year and the coming years, for reasons most notably its reliance on oil as the sole source of the financial budget and the lack of alternatives, especially with the increase in population. 

Experts confirm that the failure to diversify the country's sources of income and invest oil revenues in providing job opportunities and producing goods and services threatens to spread unemployment among young people, while fluctuating oil prices threatens the country's economic and financial stability. 

In this regard, economic expert Nabil Al-Marsoumi warned today, Monday, of Iraq entering a dark and critical economic tunnel due to wrong policies, which affects the vulnerable and middle-income classes.  

Al-Marsoumi said in an interview with Al-Maalouma Agency, “Iraq has begun to enter a dark and critical tunnel due to wrong economic policies, failure to provide job opportunities, and resorting to appointments, and here lies the dilemma,” indicating that "When the state is late in paying salaries, the general economic movement and all components of the private sector and the fragile and middle classes will be affected."  

He added, "There is a lack of economic development and a development vision, and therefore things will continue as they are, and whenever oil prices decline, Iraq will find itself in the midst of great difficulties." He explained that "the increase in population requires raising public spending, while revenues are stagnant as a result of relying on oil as the sole resource for the budget and the failure to use its revenues to build a diversified economy that produces goods and services."  

He points out that "there is no short-term solution and the government may resort to deducting a percentage of the Central Bank's transfers and borrowing from domestic banks, and the real solution lies in providing new financial sources other than oil," noting that " Continuing things as they are now will lead to a major problem and unemployment among young people will increase in the coming years.” 

The 2025 budget has not yet been approved, while MPs confirm that the budget schedules have not been sent to the House of Representatives. 

MP Ahmed Al-Sharmani expressed his concern today, Monday, regarding the delay in sending the 2025 budget tables by the government to the House of Representatives, noting that the parliament is still not aware of the details of these tables until now.  

Al-Sharmani explained in a statement to / Al-Maalouma / agency, that “according to the Financial Management Law, the budget tables must be sent to the House of Representatives at the end of October of each year, and that delaying this is a legal violation, especially since this delay has been repeated annually for years,” explaining that “the current delay is another legal violation, as there is no specific date for sending the budget tables.” 

He points out that "there is a possibility that the government is linking the sending of these tables to amending the law proposed in Parliament, which will lead to an additional long delay in light of the ongoing disagreements over the proposal." 

He explained that “the House of Representatives is still not aware of the 2025 budget schedules yet, and there is no specific date for sending these schedules.” 

In contrast, the Prime Minister's financial advisor, Mazhar Muhammad Salih, confirms that the growth rates of the non-oil GDP will rise to an unprecedented level during 2024, while pointing out that the government program has succeeded in controlling financial diversification in the general budget and the national economy in general.  link

***********

Mot: WHAT!!!! -- Ur Kidding!!!!

Mot: .. We Had No Idea  being a kid

Seeds of Wisdom RV and Economic Updates Tuesday Evening 1-7-25

Good Evening Dinar Recaps,

RIPPLE CAPS RLUSD SUPPLY AT 53.1M: WHAT’S DRIVING THE MOVE?

▪️Ripple’s deliberate pacing of RLUSD issuance reflects a commitment to regulatory compliance and long-term ecosystem stability.

▪️Ripple CEO Brad Garlinghouse expressed confidence in the incoming Trump administration’s potential to boost crypto innovation and job growth.

Ripple’s launch of RLUSD stablecoin has stirred strong market sentiment, thereby giving the blockchain startup a strong footing in the rapidly evolving stablecoin market. However, the firm has introduced a 53.1 million supply cap on the RLUSD circulation, sparking curiosity about the company’s strategy.

In a thread on the X platform, popular crypto analyst Arthur noted that Ripple is making the controlled release of RLUSD stablecoin in order to preserve its value. As a result, the company is consciously curbing over-supply, which could otherwise lead to inflation and negatively impact market sentiment.

Ripple to Balnace RLUSD Supply and Demand to Prevent Inflation

Ripple seems to be exercising caution with RLUSD’s supply and holding off from issuing more tokens until market conditions indicate stronger demand. If they release too much RLUSD supply, it could increase the token’s perceived value and disrupt the balance of supply and demand.

This strategy underscores Ripple’s focus on ensuring RLUSD’s value remains sustainable and aligned with genuine market needs. By avoiding additional releases, the company aims to position RLUSD as a stable and reliable asset for both institutional and retail investors, noted Arthur.

It seems that Ripple is working to build a strong foundation that can drive the long-term value of RLUSD stablecoin, reported CNF. In the meantime, the company also plans for higher-order goals like exploring new markets and fostering partnerships while strengthening the stability of its broader ecosystem.

Regulatory hurdles may also influence the pace at which RLUSD is issued. By adopting a cautious yet deliberate approach, the company ensures compliance with regulations while positioning itself for potentially unprecedented future growth.

Brad Garlinghouse Hopeful Under Donald Trump’s Leadership

Ripple CEO Brad Garlinghouse stated that he remains hopeful as Donald Trump sets to take charge as US President ahead this month on January 20, reported CNF. In his message on the X platform, he wrote:

2025 is here and the Trump bull market is real. For Ripple, this is even more personal after Gensler’s SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved.

He also said that Ripple has signed more US deals in the last six weeks of 2024, after Donald Trump’s US election victory. Garlinghouse highlighted the proactive efforts of key figures like Scott Bessent, David Sacks, and Paul Atkins, who are poised to play significant roles in shaping U.S. economic policy.

“Team Trump is already driving innovation and job growth in the U.S., and they haven’t even taken office yet!” Garlinghouse noted. He added that the administration’s campaign and planned Day 1 priorities already contribute to a resurgence of interest and confidence in the crypto space.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

BRICS TO KEEP DITCHING THE US DOLLAR IN 2025: ALLIANCE CONFIRMS

On the heels of immense threats from the West and geopolitical concerns brewing, the BRICS economic alliance appears to remain steadfast in its commitment to ditching the US dollar in 2025. Indeed, the collective has seemingly confirmed the matter, as recent discussion pointed to their belief in de-dollarization as a certain necessity.

US President-elect Donald Trump has been outspoken in his defense of the greenback. Throughout this campaign for reelection, he continually reiterated the importance of keeping the dollar as the world’s currency. After his victory, he issued a warning to BRICS specifically, threatening 100% tariffs on the bloc seeking to create their own dollar alternative.

BRICS to Keep Ditching the US Dollar Despite Trump Threats And There’s One Key Reason Why

The last year has seen the BRICS economic alliance continue their notable ascent. Once just a five-nation collective, the group phase doubled in size with its most recent expansion. Moreover, it has big plans for the global economic market that have seen the West take an undeniably favorable stance.

Although Trump has warned of impending repercussions, the BRICS bloc has reiterated that they are likely to keep ditching the US dollar in 2025 through a recent confirmation. Indeed, the group discussed the reality that de-dollarization is a necessity so long as the United States continues doing one thing.

In a recent statement, former International Monetary Fund director and Brazilian economist Paulo Nogueira Batista Jr. discussed the fact that sanctions are driving the bloc’s actions. Batista spoke to Russian President Vladimir Putin directly and relayed the foundation of its financial actions as an alliance.

“We are not against the dollar. It is the dollar that is against us,” he said in a recent interview. “Cahellengin the dollar and the US economy would not be possible, and in any case, it’s not our objective. The BRICS will serve to make us immune to sanction.”

So long as the United States continues sanctioning nations like Russia and Iran, the BRICS bloc is unlikely to shift on its de-dollarization approaches. However, that has not stopped dissension within the group from forming.

India has recently spoken about its desire to work with the incoming Trump regime. Moreover, the president-elect stated that he has been in direct contact with China. Specifically, hinting at the country taking a similarly collaborative approach.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

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Thank you Dinar Recaps

We’re on the Verge of a Huge Collapse

We’re on the Verge of a Huge Collapse

Liberty and Finance:  1-6-2024

Veteran market analyst Chris Vermeulen has reiterated his bearish outlook for the stock market, warning of a potential major correction in a recent discussion with Liberty and Finance.

Vermeulen’s prediction comes as the market grapples with key technical levels across various asset classes, suggesting a possible market top.

Vermeulen highlighted that January’s market performance often sets the tone for the entire year, and the current signals point towards a significant downturn. He emphasized the importance of closely watching these early indicators, as they can provide valuable insight into market direction.

While acknowledging the current bullish sentiment, Vermeulen cautioned that these highs are unsustainable. He anticipates a period of intense selling pressure across all sectors, potentially triggered by forced liquidations and margin calls.

Vermeulen believes that following this initial panic, these assets will experience strong reversals. Specifically, he is particularly bullish on gold in the long term, predicting a potential price target of $3,500 per ounce. Silver and Bitcoin could also see significant gains once the market stabilizes and the fear dissipates.

Despite the ominous forecast, Vermeulen urged investors to view this potential downturn as an opportunity rather than a cause for panic. He encourages them to prepare a strategy to “buy the dip” and acquire assets at lower prices.

He concluded by advising investors to be patient, stay focused on long-term goals, and not be swayed by short-term market noise. By adopting a strategic approach, investors can navigate the upcoming turbulence and emerge stronger on the other side.

https://youtu.be/C11ylP044AM

Iraq Economic News and Points to Ponder Tuesday Afternoon 1-6-25

The Dollar Rises Again In The Iraqi Markets With The Closing Of The Stock Exchange

Economy    01/07/2025   Mawazine News – The US dollar prices witnessed a slight increase today, Tuesday, in the markets of the capital Baghdad and Erbil, the capital of the Kurdistan Region, with the closure of the main stock exchange in the country.

The dollar prices rose with the closing of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 151,000 dinars per 100 dollars, compared to 150,900 dinars this morning.

As for the selling prices in the local exchange markets in Baghdad, they stabilized, as the selling price reached 152,000 dinars per 100 dollars, while the purchase price reached 150,000 dinars per 100 dollars.

In Erbil, the dollar also recorded a slight increase, as the selling price reached 150,800 dinars per 100 dollars, while the purchase price reached 150,700 dinars per 100 US dollars. https://www.mawazin.net/Details.aspx?jimare=258308

Gold Prices Stabilize In Baghdad

Stock Exchange  Economy News – Baghdad   The prices of "foreign and Iraqi" gold stabilized in the local markets in the capital, Baghdad, today, Tuesday (January 7, 2025).

Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, this morning recorded a selling price for one mithqal of 21 karat Gulf, Turkish and European gold of 556 thousand dinars, and a purchase price of 552 thousand dinars.

The selling price of one mithqal of 21-karat Iraqi gold reached 526 thousand dinars, and the purchase price was 522 thousand.

As for gold prices in goldsmiths’ shops, the selling price of a mithqal of 21-karat Gulf gold ranges between 560,000 and 570,000 dinars, while the selling price of a mithqal of Iraqi gold ranges between 530,000 and 540,000 dinars.   https://economy-news.net/content.php?id=51693

Oil Prices Fall As Dollar Rises

Economy |  01/07/2025  Mawazine News - Follow-up   Oil prices extended losses for a second straight session on Tuesday, weighed down by a stronger dollar and expectations of ample supply.

Brent crude futures fell 28 cents, or 0.37 percent, to $76.02 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 33 cents, or 0.45 percent, to settle at $73.23.

Both benchmarks rose for five straight days last week, and settled at their highest since October on Friday, partly on expectations of more fiscal stimulus to revive China’s economy. https://www.mawazin.net/Details.aspx?jimare=258286

Iraqi Stock Exchange Witnesses A 9% Increase During The First Hours

Stock Exchange  Economy News – Baghdad  The Iraqi Stock Exchange opened today, Tuesday, the first morning session in the year 2025, with an increase of 9.13%.

This increase is due to the improvement in the general situation, in addition to the increase in demand for the shares of the Baghdad and Al-Ahly Banks after the cancellation of the dollar platform by the Central Bank of Iraq.

In the first hour, the stock exchange traded more than 275 million shares, worth more than 400 million dinars, through the conclusion of more than 200 deals.

The Baghdad Bank share achieved a growth of 1.42%, reaching 4.3 dinars, the National Bank of Iraq share by 2.4%, reaching 3.85%, and the Pepsi Baghdad share by 0.94%.

Al-Maamoura Real Estate Company’s stock suffered a loss of about 7%, due to the corrective wave, after the increase in demand for it during the past few days, due to obtaining a permit to build a residential complex in the Ghazaliya area.   https://economy-news.net/content.php?id=51694

Iraq Stock Exchange Lists Third Issue Of Injaz Bonds For Trading

Stock Exchange   Economy News – Baghdad   The Iraq Stock Exchange decided to list the third issue of Injaz bonds for trading in the market.

In October 2024, the Ministry of Finance announced the third issuance of achievement bonds worth 1.3 trillion dinars, with an interest rate of 6.5% for the 500,000 category and 8.5% for the one million dinar category.

The Iraq Stock Exchange said that the third issue of Injaz bonds was listed on the bond platform, and will be traded with a percentage change in the price determined, up or down by 5% of the calculated price of the bond on the same day. The market set the commission of financial brokerage companies at one thousand dinars or a commission rate of 0.003%.   https://economy-news.net/content.php?id=51696

Government Communication Announces The Start Of Monitoring The Electronic Payment System (POS) In Pharmacies

Money and business  Economy News – Baghdad   The Government Communication Team announced, on Tuesday, the start of following up on the electronic payment system (POS) in pharmacies, while confirming that 17,000 pharmacies are obligated to the system.

Adnan Al-Arabi, Deputy Head of the Government Communication Team, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "based on the directives of Prime Minister Mohammed Shia Al-Sudani to enhance the culture of electronic payment, the Government Communication Team held several meetings with the Minister of Health and the Pharmacists Syndicate, during which it was agreed to introduce the electronic payment system (POS) in pharmacies, which number about 17,000 pharmacies, and January 1, 2025 was also set as the final date for implementing this system in all pharmacies."

He added that "the government communication began, in cooperation with the Ministry of Health, the Control Department and the Pharmacists Syndicate, to follow up on the pharmacies' implementation of the electronic payment system."

He pointed out that "the Central Bank of Iraq and companies providing electronic payment services are part of these efforts, along with the Pharmacists Syndicate, which will work to urge pharmacies and oblige them to use payment devices," noting that "citizens will not be forced to use payment cards, but in pharmacies the matter has become mandatory, with the placement of a clear sticker to announce the availability of a (POS) device to receive payments via electronic cards."
https://economy-news.net/content.php?id=51708

Al-Mashhadani Discusses Developments In The Region With The US Chargé d'Affaires

Political | 03:42 - 01/07/2025   Mawazine News – Baghdad  Parliament Speaker Mahmoud Al-Mashhadani discussed, on Tuesday, strengthening relations between Iraq and the United States within the framework of common interests, stressing the need to continue dialogue and cooperation to support Iraq's stability and continue efforts to confront political and economic challenges.

A statement from Al-Mashhadani's office received by "Mawazine News" stated that "the Parliament Speaker received the Chargé d'Affaires of the US Embassy in Baghdad, Elizabeth Trudeau, in the presence of the Director of the Political Section at the Embassy, ​​Michelle Siders, and discussed with him the general situation in Iraq, ways to enhance cooperation and existing partnership between the two countries, and affirmed the United States' support for Iraq in various fields, in a way that enhances stability and development in the country."

The statement indicated that "the meeting discussed a number of topics of common interest, including developments in the regional situation in the region and their effects on the Iraqi arena

https://www.mawazin.net/Details.aspx?jimare=258299

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 1-7-25

Good Afternoon Dinar Recaps,

BRICS NEWS:  BRICS MAKES HUGE ANNOUNCEMENT ON COMMON CURRENCY

The BRICS alliance is working towards the formation of a common currency for trade settlements to sideline the US dollar. Russian Deputy Foreign Minister, Sergey Ryabkov confirmed that the currency is on the table and will be a reality soon. He explained that the bloc is working on payment-clearing mechanisms, which will also include insurance systems for goods and cargo.

He stressed that the BRICS common currency is real and will be unveiled to the world becoming an alternative option to the US dollar. “Not only it exists. It is not hypothetical,” Ryabkov said during a press conference when asked if the currency is a real idea.

BRICS Common Currency Will Include Safety Features

The Russian diplomat revealed that the BRICS common currency will include a variety of options to safeguard its users. 

The safety mechanisms include: clearing mechanisms, insurance systems, and insurance for the movement of goods and cargo, among other features. Things have moved forward and a real alternative to the US dollar has emerged through the BRICS common currency.

Ryabkov said that once the BRICS common currency is launched, other developing countries will begin settling cross-border transactions with it. “Moreover, the others would join as well. This plan is now on the table and that will be implemented is not a pattern for dollar substitution in all settlements.

It is a pattern for creating an additional circuit for work in conditions when the main and well-known to all dollar channel is failing for reasons beyond the control of BRICS.”

“I would like to add: that the financial pattern as such for all its importance is not enough for the system to function properly. We also need clearing mechanisms, we are also working on them – transaction insurance systems, including insurance for the movement of goods and cargoes, which would also not depend on harmful external influences,” the Deputy Foreign Minister noted on the BRICS common currency.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

RIPPLE WELCOMES 1.7 MILLION NEWLY MINTED RLUSD AHEAD OF BIG DEVELOPMENT

On-chain data shows that Ripple has minted big new RLUSD batch, while almost 7 million were transferred

Data shared by the Ripple Stablecoin Tracker account shows that blockchain behemoth Ripple has created another large chunk of its new product — Ripple USD stablecoin. 

This continuation of the RLUSD minting spree has taken place ahead of a major development that is expected to happen later this month.

In the meantime, the same data source has spotted that almost 7 million of these stablecoins have been transferred over the past 24 hours.

Ripple mints millions of RLUSD, 6.7 million moved Ripple Stablecoin Tracker revealed that roughly 16 hours ago, Ripple Treasury minted an impressive stablecoin chunk of 1,790,000 RLUSD.

This amount of RLUSD was created on the Ethereum chain. Previously, when the product was in a private beta, Ripple announced that it intended to use two chains for launching the stablecoin — XRP Ledger and Ethereum chain. 

On Jan. 3, as covered by U.Today, Ripple also minted a new batch of 600,000 RLUSD. After that minting took place, the aforesaid data source revealed that during the past 24 hours, approximately 6.7 million RLUSD were transferred in total.

According to the details provided by Etherscan, approximately 1.5 million were moved by major cryptocurrency exchange Bitstamp. A total of 500,000 RLUSD were transferred by Ripple. The rest of the 6.7 million RLUSD mentioned above were shoveled by anonymous whales to unidentified blockchain wallets. 

Later this month, Ripple giant is to release an attestation report, which will unveil the composition of the backing assets. So far, Ripple has issued a little less than $80 million RLUSD, having approximately $83 million in reserve to back this stablecoin. 

Ripple previously announced that its RLUSD would be audited by independent auditors and promised to release the first attestation report within 30 days of the stablecoin's public launch.

Ripple owns $100 billion in XRP and not going public In a recent interview, Ripple CEO Brad Garlinghouse revealed that the amount of XRP tokens owned by Ripple at the moment surpasses the $100 billion equivalent.

He said that it was important when talking about the company valuation. The CEO believes that it is far higher than the $11 billion figure that was reported by Reuters at the start of 2024. Besides, Garlinghouse refuted speculation that Ripple intends to conduct an IPO, adding that this was never a priority.

@ Newshounds News™

Source:  U Today

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Tuesday Morning 1-7-25

Good Morning Dinar Recaps,

JUST-IN: US CFTC CHAIR ROSTIN BEHNAM TO DEPART ON JANUARY 20

US CFTC Chair Rostin Behnam is reportedly stepping down from his role on January 20, the same date when Donald Trump will sworn in for the Presidential Chair.

▪️US CFTC Chair (Commodity Futures Trading Commission) Rostin Behnam is reportedly stepping down from his role this month.

▪️He is scheduled to depart on January 20, the same date when US SEC Chair Gary Gensler will also step down.

▪️Although no specific reasons are confirmed, speculations soar over a potential change under Trump Administration.

Rostin Behnam, the Chair of the US CFTC, has announced to step down from his post effective January 20, 2025. Interestingly, that is when Donald Trump is scheduled to take over the US Presidential office once his inauguration concludes. While Rostin has not mentioned any specific reason behind stepping down from the post, speculations soar over a change in the horizon.

US CFTC Chair Rostin Behnam To Step Down On January 20

The US CFTC Chair Rostin Behnam is reportedly stepping down from his position on January 20. According to a Reuters report, Behnam is scheduled to exit on the same date as Trump’s inauguration. Interestingly, the US SEC Chair Gary Gensler has also announced his departure on the same date.

@ Newshounds News™

Source:  CoinGape

~~~~~~~~~

KAMALA HARRIS CERTIFIES DONALD TRUMP AS NEXT U.S. PRESIDENT, AVOIDING 2021 CHAOS

▪️Kamala Harris officially certifies Trump as 2024 U.S. presidential election winner.

▪️Unlike 2021’s chaos, this years certification process was calm and without any major issues.

▪️Former VP Mike Pence praised Harris for leading a peaceful transfer of power.

In a historic announcement, Vice President Kamala Harris officially certified the results of the 2024 U.S. presidential election. Donald Trump, who supports crypto, is now set to become the next president, with J.D. Vance as vice president. This peaceful announcement was very different from the chaos of January 6, 2021, when the Capitol faced violence during the last certification.

Harris Announces Trump’s Victory

During the certification, Harris, in her role as president of the Senate, declared Trump as the winner with 312 Electoral College votes, surpassing the required 270. She secured 226 votes.

Harris ended her statement by highlighting the importance of the constitutional process that confirmed Trump’s presidency. She said, “This announcement is a sufficient declaration of the elected president and vice president of the United States, starting their term on January 20, 2025.”

Despite losing the election to Trump, Harris maintained a composed look, fulfilling her constitutional duty in front of an energized Republican audience. Meanwhile, her announcement was met with cheers and applause from Republicans.

Previous Certifies Election, Erupted In Chaos

The last time when the U.S. Congress met to certify a presidential election, things turned violent. On January 6, 2021, a group of rioters, fueled by false claims that the 2020 election was stolen from Trump, stormed the Capitol.

They broke windows, fought with police, entered the House chamber, and damaged offices, including then-Speaker Nancy Pelosi’s.

Since that day, over 1,500 individuals have been charged for their roles in the attack. Interestingly, Trump has pledged to pardon many of them once he takes office for his second term as president.

Peaceful Transfer of Power

Unlike the 2021 certification process, which was marred by violence and delays, this year’s proceedings were orderly. Former Vice President Mike Pence, who presided over the 2021 session under immense pressure, praised the peaceful transition.

In a recent tweet post, Pence congratulated Trump and Vance, calling the peaceful transfer of power “a hallmark of our democracy.”

He also commended Harris for her role, stating, “It’s particularly admirable that Vice President Harris presided over the certification of an election she lost.”

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

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“Tidbits From TNT” Tuesday Morning 1-7-2024

TNT:

Tishwash A guarantor of zeroing out crises.. Parliamentary demands to legislate the oil and gas law

The Kurdistan National Union parliamentary bloc called on the federal government, on Tuesday, to expedite and send the oil and gas law to the House of Representatives for study and approval as quickly as possible. 

The bloc's spokesperson, Susan Mansour, said in a statement to Al-Maalouma Agency, "The enforcement of the oil and gas law is sufficient to eliminate the problems between Baghdad and Erbil," noting that "the law was very late in being included in the central government." 

She added, "The enactment of the law requires political understandings between the governments of Baghdad and Erbil to resolve the outstanding problems between the two parties." 

Mansour pointed out that "there are parliamentary demands for the government to send a draft oil and gas law to the House of Representatives for study and approval in accordance with what is stipulated in the State Administration Coalition Agreement." link

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

Tishwash:  Central Bank Tower and Faw Port on the list of world mega projects for 2025

The British platform “The B1M”, which specializes in the construction sector, has classified the Central Bank Tower project in Baghdad and the Grand Faw Port in Basra among the list of the most prominent mega projects in the world for the year 2025.

The Central Bank Tower project came in eleventh place, while the Grand Faw Port came in tenth place. 

This classification reflects Iraq's remarkable progress in the field of architecture and infrastructure on the international scene.

The B1M platform is one of the most prominent channels specialized in covering major construction projects, technological innovations, and modern trends, such as sustainability and smart cities, providing in-depth analyses of the ongoing transformations in the global infrastructure sector. link

https://youtu.be/pJ3ATTY13qo

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

Tishwash:  Al-Sudani: The Development Road Project will enhance Iraq's power in the region

 Prime Minister Mohammed Shia al-Sudani confirmed today, Sunday, that the development road project will enhance Iraq's strength in the region, politically and economically.

During his reception of the Director of the Iraqi Institute for Dialogue, Abbas Radhi Al-Amiri, according to a statement from his office received by "Al-Eqtisad News", Al-Sudani was briefed on the work of the organizing committee for the Seventh Baghdad International Dialogue, whose activities will start on February 22-23, 2025 under the slogan "The Path to Iraqi Development... Alliance of Interests and Geopolitical Stakes", noting that choosing this topic falls within the great Iraqi interest in the project, which gives the country a pivotal role in the regional system as an important point of communication between the East and the West.

According to the statement, Al-Sudani expressed his "sponsorship of this annual international gathering hosted by the capital, Baghdad, which hosts an elite group of the most important decision-makers in the region and the world."  link

***********

Tishwash:  Venezuelan parliament calls on Maduro to seek third term

The President of the Venezuelan National Assembly (Parliament), Jorge Rodriguez, has officially invited the current President of the Bolivarian Republic, Nicolas Maduro, to assume a third presidential term on January 10.

“We confirm the invitation to Nicolás Maduro Moros, who was re-elected president of the Bolivarian Republic of Venezuela on July 28, 2024, to take office on January 10, 2025,” Rodríguez said live on Venezuelan TV during the first plenary session of the parliament this year, held on Sunday.
The inauguration and swearing-in ceremony will take place at 12 noon at the Federal Legislative Palace.

Rodríguez noted that parliament is obliged to “promote the application of the law against Edmundo González [who has declared himself president-elect of Venezuela], if he sets foot on the country’s territory, for treason and usurpation of power,” and also noted that he “will demand that anyone who tries to destabilize the peace in Venezuela be declared persona non grata.”

In the plenary session, Jorge Rodríguez was re-elected president of the National Assembly (parliament) of the Bolivarian Republic.

Venezuela held elections on July 28, which were won by the current head of state, Nicolás Maduro. He received 51.95% of the vote. His main opponent, Gonzalez, received 43.18% of the vote. On election day, opposition leader Maria Corina Machado said Gonzalez's team would not concede defeat in the election.  link

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

Mot: Getting ready for RV

Mot:  When Enough is Enough!!!

MilitiaMan & Crew Iraq Dinar News-ISX Big+Numbers-AI Technology-No Shortage of Liquidity-Port of Faw-CBI Tower

MilitiaMan & Crew Iraq Dinar News-ISX Big+Numbers-AI Technology-No Shortage of Liquidity-Port of Faw-CBI Tower

1-6-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=s6Mtoz8Hkkk

Iraq Economic News and Points to Ponder Monday Evening 1-6-25

Continuous And Strong Decline Of The Dollar In The Iraqi Markets Against The Dinar
Economy   | 05:35 - 06/01/2025  Mawazine News – Baghdad  The US dollar exchange rate against the Iraqi dinar fell on Monday in the markets of Baghdad and Erbil, the capital of the Kurdistan Region, with the closing of the stock exchange.

The dollar exchange rate also fell with the closing of the two main stock exchanges in Baghdad, Al-Kifah and Al-Harithiya, to record 151,000 dinars per 100 dollars, while this morning it recorded 151,350 dinars per 100 dollars.

Selling prices fell in exchange shops in local markets in Baghdad, where the selling price reached 152,000 dinars per 100 dollars, while the purchase price reached 150,000 dinars per 100 dollars.

In Erbil, the dollar also fell, where the selling price reached 151,800 dinars per 100 dollars, and the purchase price reached 150,700 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=258268

Economist: Iraq Needs To Revitalize The Private Sector To Create Jobs And Absorb Graduates
Time: 2025/01/06 15:13:26 Read: 1,079 times

{Economic: Al Furat News} Economic expert Basem Jamil Antoine stressed the necessity of working to create a productive society, pointing out that government departments in Iraq suffer from the presence of “disguised and hidden unemployment,” which can be overcome by activating the private sector.

Antoine explained in his interview with {Euphrates News} that “this activation will contribute to absorbing the number of graduates that reaches 250 thousand young men and women annually from universities and institutes.”

He added, "By creating job opportunities for graduates, we have guided them in the right direction and created a continuous technical cadre in the community, which will save us from leaking currency out of the country."

He pointed out that "diversifying sources of income in the country is necessary, and puts us on the right foundations to achieve sustainable economic growth."

In the context of the five-year plan that included job creation, Antoine stressed the need to “implement and follow up on the plans and not just write them,” stressing that “the House of Representatives bears responsibility for that.”

He added, "Job opportunities must focus on actual creation, not just on construction and residential complexes that generate nothing. Rather, a sound economic structure must be created that generates new economic generations."  LINK

Gold Prices Fall In Baghdad And Stabilize In Erbil 
Monday 06 , January 2025 11:24 | Economic Number of readings: 125  Baghdad / NINA / Gold prices (foreign and Iraqi) decreased in Baghdad markets on Monday, while they stabilized in Erbil.

The selling prices of gold in the wholesale markets on Al-Naher Street in Baghdad this morning for one Mithqal of 21 karat Gulf, Turkish and European gold was recorded at 556 thousand dinars, while the purchase price was 552 thousand dinars.

The selling price of one Mithqal of 21 karat Iraqi gold was recorded at 526 thousand dinars, while the purchase price was 522 thousand dinars.

In goldsmiths' shops, the selling price of one Mithqal of 21 karat Gulf gold ranged between 560 and 570 thousand dinars, while the selling price of one Mithqal of Iraqi gold ranged between 530 and 540 thousand dinars.

In Erbil, gold witnessed stability, as the selling price of a 24-carat mithqal reached 648 thousand dinars, a 21-carat mithqal reached 567 thousand dinars, and an 18-carat mithqal reached 485 thousand dinars. https://ninanews.com/Website/News/Details?key=1178545

Oil Prices Rise To More Than 76.. The Highest Level Since Mid-October

Energy   Economy News – Baghdad   Oil prices rose to their highest since October on Monday as investors awaited the impact of cold weather in the northern hemisphere and Beijing's economic stimulus measures on global fuel demand.

Brent crude futures were up 15 cents, or 0.2%, at $76.66 a barrel by 0125 GMT, having settled at their highest since Oct. 14 on Friday. West Texas Intermediate (WTI) crude futures were up 22 cents, or 0.3%, at $74.18 a barrel after closing at their highest since Oct. 11 on Friday.

Beijing is ramping up fiscal stimulus to revive the struggling economy, announcing on Friday that it will sharply increase financing from long-term treasury bonds in 2025 to spur business investment and consumer-boosting initiatives.

On the supply side, Goldman Sachs expects Iran's production and exports to decline by the second quarter as a result of expected political changes and tougher sanctions from the administration of US President-elect Donald Trump.

The OPEC member's production could fall by 300,000 barrels per day to 3.25 million barrels per day by the second quarter, he said.

The number of rigs drilling for oil in the United States, an indicator of future production, fell by one to 482 last week, a weekly report from energy services firm Baker Hughes showed on Friday. https://economy-news.net/content.php?id=51650

Sound Productive Government Economic Thinking Methodology

Dr. Aqil Jabr Ali Al-Muhammadawi / Researcher in Finance and Development Affairs    The stability of oil prices in global markets for the past three weeks should be taken advantage of and a new economic renaissance strategy should be worked on through a systematic and studied transition according to a modern financial model by employing the surplus oil prices that exceed the budget price (or what is called the equilibrium price) to an approach of employing effective investment in the Iraqi Sovereign Fund and building new and legal financial buffers and vessels to strengthen and consolidate the financial system and sustain development in Iraq

and move the wheel of the economy and economic diversification and diversify the revenues of the federal budget and double the investment and development funds and create new incentives for growth and sustainable development in order to target increasing productivity and rebuilding the industrial, agricultural and tourism base and ensuring the achievement of financial savings according to new financial and economic models that support the economic renaissance strategy in Iraq. 01/06/2025 - https://economy-news.net/content.php?id=51655

British Platform Includes The Central Bank Tower And Al-Faw Port In The List Of Giant Projects In The World For The Year 2025
economy | 01:24 - 06/01/2025  Mawazine News - Follow-up  The British platform “The B1M”, specialized in the construction sector, ranked the Central Bank Tower project in Baghdad and the Grand Faw Port in Basra among the list of the most prominent mega projects in the world for the year 2025.

The platform’s report stated that “the Central Bank Tower project ranked eleventh, while the Grand Faw Port ranked tenth.”

This classification reflects Iraq’s remarkable progress in the field of architecture and infrastructure on the international scene.

The “The B1M” platform is one of the most prominent channels specialized in covering major construction projects, technological innovations, and modern trends, such as sustainability and smart cities, providing in-depth analyses of the ongoing transformations in the global infrastructure sector. https://www.mawazin.net/Details.aspx?jimare=258253

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Monday Evening 1-6-25

Good Evening Dinar Recaps,

FDIC PUBLISHES CRYPTO ‘PAUSE’ LETTERS INCLUDING USDF CONSORTIUM

In response to freedom of information requests by Coinbase, the Federal Deposit Insurance Corporation (FDIC) published minimally redacted letters sent to banks requesting information about their crypto activities and in most cases asking them to pause activities pending feedback. 

Last year, the FDIC’s Office of Inspector General objected that the FDIC had in most cases failed to provide feedback, leaving activities in limbo and impacting innovation.

On behalf of Coinbase, History Associates Inc asserted that the letters demonstrate the FDIC was part of “Operation Choke Point 2.0—a multi-agency effort to de-bank the digital-asset industry.” 

With one important exception, these particular letters don’t appear to support the de-banking claim. They reinforce the position of blocking banks from engaging with crypto and public blockchains.

Amongst the 25 letters disclosed, most of the banks wanted to offer their customers the ability to buy Bitcoin via their mobile banking apps. Often times, this was an indirect service to be provided by a third party.

The FDIC objects to public blockchain for USDF payments

By far the longest letter related to a planned blockchain-based fiat payment system to be operated by a consortium of banks. Despite five pages of tightly typed questions, which undoubtedly were answered, that consortium has so far only participated in Regulated Settlement Network simulations.

While the redactions removed the identities of the bank, we can confirm that the letter relates to the USDF Consortium, which originally planned to launch a payment system using a private protocol on the Provenance public blockchain.

On first reading, we suspected the letter related to USDF, because around this time the consortium shifted to a permissioned blockchain approach in a vain attempt to get approval. The use of the term ‘digital markers’ was the final confirmation, given this terminology is specific to USDF.

The letter indicates that the FDIC was interested in the roles of the non bank participants and their involvement in validating transactions. It also had questions about the use of the Hash cryptocurrency and whether banks would need to hold it, although the name ‘Hash’ was redacted.

Given this was before the launch of Fed Now, the FDIC asked the valid question about out of hours liability risks between banks for payments.

SAB 121 – custody    One of the most contentious crypto issues has been the SEC’s SAB 121 accounting rule, which prevented banks from providing cryptocurrency custody, although that certainly worked in Coinbase’s favor.

The crypto exchange has dominated custody for ETFs. While it has been claimed SAB 121 was formulated by the SEC without consulting other regulators, in many of the letters the FDIC asks for the bank’s analysis of SAB 121 and it’s applicability. This is a not-so-subtle way of saying, ‘you cannot provide custody’.

Other takeaways

Not all letters were equal. Apart from the USDF letter, there were three that stood out. One bank was being quite pushy, saying that it planned to launch crypto services on a specific date.

It had clearly provided extensive information to the FDIC already. The FDIC’s list of questions was far longer than for other banks, querying every claim the bank made, asking for evidence.

Moving on, when assessing risk, there’s the accounting concept of materiality. In other words, don’t focus on the small, irrelevant stuff. One bank spent $25,000 on an NFT. There were numerous detailed questions about this particular purchase.

Letter number 25 relates to a bank that wanted to provide deposit account services to a stablecoin but was told to wait for feedback. It is the only letter in the group that appears to block banking services. The New York-based bank first wrote to the FDIC a few days after Circle’s USDC stablecoin lost its peg in March 2023, following the collapse of Silicon Valley Bank.

@ Newshounds News™

Source:  Ledger Insights

~~~~~~~~~

JUSTIN TRUDEAU RESIGNS, PRO-CRYPTO SUCCESSOR EXPECTED

Canada’s Prime Minister steps aside, crypto rejoices.

Canada’s Prime Minister, Justin Trudeau, who has been historically anti-crypto, resigned today, citing "internal battles" in Canada's governing party.

What’s the Scoop?

▪️Political Fallout: Trudeau’s approval rating is at 22%, and polls suggest his Liberal Party would suffer a major defeat in a snap election, winning just 46 seats to the Conservative Party’s projected 225.

▪️Pro-Crypto Successor: Pierre Poilievre, expected to succeed Trudeau, is a vocal supporter of DeFi and crypto, championing Bitcoin as a hedge against inflation.

Bankless Take

Trudeau’s resignation not only marks the end of his divisive tenure but signals a potential shift in Canada’s crypto policy landscape. While his administration adopted a cautious, and occasionally aggressive stance toward cryptocurrencies, Pierre Poilievre’s pro-crypto outlook could bring a stark contrast.

 If Poilevre does becomes his successor, Trudeau’s exit would further amplify the broader global trend of favor shifting towards forward-looking, pro-tech politicians, potentially positioning Canada for greater adoption and innovation under new leadership.

@ Newshounds News™

Source:  Bankless

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FIVE CRYPTO COMPANIES GAIN MICA LICENSES ACROSS NETHERLANDS AND MALTA

▪️MoonPay, BitStaete, ZBD, and Hidden Road received MiCA licenses from the Dutch Authority, enabling EU-wide crypto operations.

▪️The Malta Financial Services Authority (MFSA) has also licensed blockchain-based sports and entertainment platform Socios.com

▪️Tether's USDT market cap dropped $2 billion under MiCA, raising concerns though analysts claims USDT will be unfazed by EU setbacks.

@ Newshounds News™

Read more:  Be In Crypto

  ~~~~~~~~~

STABLECOIN SKEPTIC MICHAEL BARR STEPS DOWN AS FEDERAL RESERVE'S VICE CHAIR FOR SUPERVISION AHEAD OF TRUMP INAUGURATION

The Federal Reserve Board has announced that Michael S. Barr is resigning from his position as Vice Chair for Supervision.

In a statement, Barr said he didn’t want a potential dispute over the position in the near future to distract from the Fed’s “mission.”

“The position of vice chair for supervision was created after the Global Financial Crisis to create greater responsibility, transparency, and accountability for the Federal Reserve’s supervision and regulation of the financial system.

The risk of a dispute over the position could be a distraction from our mission. In the current environment, I’ve determined that I would be more effective in serving the American people from my role as governor.”

Barr’s resignation comes less than two weeks before pro-crypto President-elect Donald Trump’s inauguration.

In 2023 during a speech at the Peterson Institute for International Economics, Washington, D.C., Barr warned about the “special risks associated with stablecoins,” advocating for stiffer regulations on the asset class.

Said Barr,

“Stablecoin issuers seek to have—but don’t—some of the same characteristics as federally insured bank deposits. Stablecoin issuers represent that their liabilities can be redeemed on demand at par, a dollar for a dollar. In fact, however, the assets backing the liability can fluctuate in value… The banks we regulate, in contrast, are well protected from bank runs through a robust array of supervisory requirements.

Consider the consequences if a stablecoin not subject to appropriate supervision and regulation were to be adopted as a widespread means of payment, which some stablecoin developers state as a goal. Stablecoins have the potential to scale quickly because of network effects.

An unregulated, unsupervised, deposit-like asset could create tremendous disruptions, not just for financial institutions but for people who might rely on the coin if it were to get wide adoption.

We must learn from the past to ensure that we do not allow for new forms of unregulated private money subject to classic forms of run risk, and with the associated spillovers and systemic implications for households, businesses, and the broader economy.”

@ Newshounds News™

Source:  Daily Hodyl

~~~~~~~~~

GEMINI AGREES TO PAY $5M CFTC FINE BEFORE DONALD TRUMP’S INAUGURATION

Gemini Trust Company reaches $5 million settlement with CFTC over Bitcoin futures case, choosing to resolve litigation before the upcoming Trump administration.

▪️The closure of the Gemini case is a huge welcome to the growth during the Trump administration.

▪️The Winklevoss brothers have been consistent in the web3 space for more than 10 years, thus growing a too-tier crypto exchange.

Gemini Trust Company, a New York-based cryptocurrency exchange founded in 2014 by the Winklevoss brothers, has agreed to pay a penalty of $5 million to the United States Commodity Futures Trading Commission (CFTC) to end a long-standing litigation.

The Winklevoss brothers agreed to pay the fine in a joint court hearing on Monday to avoid a trial set to coincide with the inauguration of pro-crypto US President-elect Donald Trump.

Gemini settled the case with the US CFTC without admitting or denying any liability in the case.

In June 2022, the US CFTC filed a complaint in the US District Court for the Southern District of New York against Gemini for issuing misleading statements of material facts regarding the Bitcoin futures product.

According to the US CFTC, Gemini failed to show how it would prevent Bitcoin price manipulation to ensure fair competition for all customers in its BTC Futures Product. However, the Gemini cryptocurrency exchange has opted to end the case ahead of the expected trial on January 21, which would have kickstarted after the much-anticipated inauguration of President-elect Donald Trump.

Furthermore, Gemini cryptocurrency exchange, among other web3 companies, is banking on the upcoming Trump administration to set clearer and better crypto regulations.

Possibly, most of the crypto companies are betting on the new leaders of the US SEC chair and CFTC to drop crypto-related cases, which were orchestrated by the Biden administration.

@ Newshounds News™

Read more:  CoinSpeaker

~~~~~~~~~

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Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

Seeds of Wisdom RV and Economic Updates Monday Afternoon 1-6-25

Good Afternoon Dinar Recaps,

BRICS BRAZIL:  BRAZIL TAKES OVER THE BRICS PRESIDENCY IN 2025

Country takes the helm of the Global South political and economic cooperation forum,

Starting  January 1, 2025, Brazil officially takes the helm of BRICS, the prominent forum for political and economic cooperation among nations of the Global South.

The presidency marks a pivotal moment for the country as it seeks to advance a vision of more sustainable and inclusive global governance, foster deeper economic ties, and mobilize financing to combat climate change.

BRICS, an acronym representing Brazil, Russia, India, China, and South Africa, has recently expanded its membership to include Saudi Arabia, Egypt, the United Arab Emirates, Ethiopia, and Iran. This enlargement solidifies the group as a central platform for collaboration among developing nations,

Brazil has outlined an ambitious agenda under the theme “Strengthening Global South Cooperation for More Inclusive and Sustainable Governance.” Its presidency will prioritize two main areas: advancing Global South cooperation and reforming global governance structures.

These themes translate into five key priorities:

1. Facilitating Trade and Investment: Promoting economic integration through the development of efficient payment systems.

2. Regulating Artificial Intelligence: Encouraging inclusive and responsible AI governance for development purposes.

3. Addressing Climate Change: Enhancing financing mechanisms to support global efforts, in coordination with the COP30 climate summit.

4. Public Health Collaboration: Strengthening cooperation projects among member countries, focusing on improving public health systems.

5. Institutional Development: Bolstering the internal frameworks of BRICS to ensure effective governance and decision-making.

“If you want to build a better world, a sustainable world, BRICS has to be part of this construction. And it’s important to have an understanding among these countries, because this understanding helps achieve broader agreements [with other nations],” stated Ambassador Eduardo Saboia, Brazil’s BRICS sherpa, in an interview with Agência Brasil.

GLOBAL SOUTH COLLABORATION - The forum’s objectives extend beyond its immediate membership, aiming to enhance economic, political, and social cooperation while increasing the influence of Global South nations in international governance. 

Ambassador Saboia highlighted the importance of mutual understanding among BRICS members, noting that the group’s diversity is a strength. “These countries, with their distinct political systems and unique challenges, come together annually, fostering solutions that benefit their populations,” he emphasized.

EXTENSIVE AGENDA - As the host nation, Brazil will oversee the organization and coordination of more than 100 meetings, starting in February and continuing through July in the capital, Brasília.

These gatherings will bring together officials, policymakers, and experts to deliberate on the presidency’s priorities. 

The discussions will culminate in the BRICS Summit, scheduled tentatively for July in Rio de Janeiro, where heads of state and government will chart the bloc’s future course. Brazil’s mandate will run until December 31, 2025.

ROTATIONAL LEADERSHIP - The BRICS presidency rotates among member states in the order of the acronym, but with the inclusion of new members, the bloc is expected to revisit its rotational formula. The changes reflect BRICS’ evolving dynamics as it continues to adapt to the shifting geopolitical landscape.

@ Newshounds News™

Source:  Brazil Gov

~~~~~~~~~

BRICS NEWS: INDONESIA OFFICIALLY JOINS AS FULL MEMBER

In a move that showcases a further expansion of the economic alliance, the BRICS bloc has welcomed Indonesia as a full member. Indeed, Brazil announced that the country would be joining the collective, according to a Reuters report.

Moreover, the move takes place as the South American nations commences its opportunity to take over the groups rotating presidency for 2025.

Brazil has stated that Indonesia has been accepted after its application bid was accepted during the group’s 2023 annual summit. The Asian nation has requested its acceptance be halted amid presidential elections last year, where Prabowo Subianto was officially elected. Now, Indonesia has become the 10th member of the growing economic group.

Indonesia Officially Joins BRICS as Full Member Ahead of Crucial 2025

Over the last two years, the BRICS economic alliance has emerged as a key global economic and geopolitical presence. The group was formed through the promising potential of Brazil, Russia, India, China, and South Africa more than two decades ago. Yet, it was not until recently that it embraced its status and sought to increase its position on the world’s stage.

Another key part of that pursuit has taken place today. Indeed, the BRICS bloc has reportedly welcomed Indonesia as a full member of the growing economic alliance. The country is set to join the group after being approved for entry in 2023. Moreover, it has long sought to be included in the growth prospects being derived by the global south.

“Indonesia shares with the other members of the group support for the reform of global governance institutions and contributes positively to the deepening cooperation of the global south,” 2025 BRICS President Brazil said in a statement.

The country is joining the bloc on the precipice of an immensely important year. US President-elect Donald Trump has not been shy of its issue with the group. Earlier this year, he warned of the imposition of 100% tariffs on nations seeking to ditch the US dollar.

He specifically targeted BRICS, noting the development of their own alternative currency. Whether or not those plans will continue remains to be seen. The bloc appears to be facing increased dissension from the United States’ shift this year.

@ Newshounds News™

Source:  Watcher Guru

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RIPPLE ADVOCATE DEATON STRESSES IMPORTANCE OF REGULATORY CLARITY FOR RIPPLE IN US

The CryptoLaw founder and major Ripple advocate John Deaton has shared his reflections on the Ripple CEO’s recent statement about Ripple rapidly expanding in the U.S. since early November, offering a universal solution for Ripple and other crypto companies’ growth in the U.S.

American crypto business suffers from lack of regulatory clarity: Deaton

In his tweet, John Deaton quoted Ripple chief executive Brad Garlinghouse, who said that since a pro-crypto president-elect won in early November, over the last six weeks of 2024, Ripple has signed more deals in the U.S. than during the previous half-year.

Deaton underscored that it is “impossible to estimate damage” suffered by Ripple and other cryptocurrency businesses headquartered in the U.S. due to the lack of regulatory clarity for the crypto industry. 

The Ripple advocate admitted that he has encountered many crypto businesses whose teams would say that they prefer to avoid the U.S. market and not to offer anything to U.S.-based investors.

Simple solution to many of these problems, per Deaton

The CryptoLaw founder reminded the community about the “gross government overreach and selective enforcement” that Ripple had to struggle with in court for approximately four years, defending itself against the SEC and its chairman, Gary Gensler, who is to step down from his position at the end of January.

Ripple scored two big victories, in July 2023 and then in late 2024, as it proved that XRP was not a security (on the secondary markets) and reduced the $2 billion fine demanded by the SEC down to $125 million. Deaton stressed that, aside from the issue of regulatory clarity, the cryptocurrency space also suffers from excessive regulations that “continue to stifle innovation” within the country.

The only solution to many of the issues mentioned by Deaton is the elimination of bureaucracy — of the red tape that rules in the U.S. He offered the situation with the housing shortage crisis in the country as an example, and the necessity to wait for “two years to pull necessary permits.”

Ripple advocate Deaton hopes that the new president's administration will make that happen and solve the problem at least partly — and not only for the crypto industry, causing a “ripple effect. Hopefully, we will see a Ripple effect (pun intended) throughout industries, caused by the excitement of a new administration.”

@ Newshounds News™

Source:  U Today 

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