
Seeds of Wisdom RV and Economic Updates Saturday Morning 3-22-25
Seeds of Wisdom RV and Economic Updates Saturday Morning 3-22-25
Good Morning Dinar Recaps,
SEC HOLDS FIRST CRYPTO ROUNDTABLE TO REASSESS REGULATORY FRAMEWORK
Despite presenting contrasting arguments, advocates and skeptics conceded that crypto needs regulatory clarity in the US.
The US Securities and Exchange Commission (SEC) held its first crypto task force roundtable on March 21 to discuss regulation, which ended in a consensus that crypto needs regulatory clarity in the US despite diverging views among the panelists.
Good Morning Dinar Recaps,
SEC HOLDS FIRST CRYPTO ROUNDTABLE TO REASSESS REGULATORY FRAMEWORK
Despite presenting contrasting arguments, advocates and skeptics conceded that crypto needs regulatory clarity in the US.
The US Securities and Exchange Commission (SEC) held its first crypto task force roundtable on March 21 to discuss regulation, which ended in a consensus that crypto needs regulatory clarity in the US despite diverging views among the panelists.
Panelists ranged from crypto advocates to skeptics and the session focused on longstanding debates, including the classification of digital assets and the limits of existing securities laws in addressing decentralized technologies.
Advocates defended decentralization as a gauge for determining whether a token is a security. At the same time, skeptics argued that the current definition by the Howey test works, as the SEC won more motions than lost.
The event marked a shift in tone from the SEC under former Chair Gary Gensler, who frequently characterized most crypto tokens as securities and pursued enforcement actions against major firms.
Legal definitions and the scope of securities law
Discussions extended to what characteristics of digital assets, if any, justify different treatment under the law. Crypto advocates at the event suggested that beyond asking whether something is a security, the more relevant question may be whether certain securities merit exemptive relief.
Proponents argued that one possible differentiator is the degree of control exerted by issuers, a concept that better captures the decentralized nature of many blockchain networks.
Lee Reiners, a lecturing fellow at the Duke Financial Economics Center, said that all panelists agree that Bitcoin (BTC) is not a security because it is sufficiently decentralized.
However, he added that drawing a line to define if something is sufficiently decentralized or an investment contract is impossible, citing a Commodity Futures Trading Commission (CFTC) report that divides decentralization by spectrums based on different aspects.
Investor risk and statutory authority
Skeptics of the crypto industry presented contrasting perspectives. Former SEC enforcement official John Reed Stark and the most vocal critic maintained that the agency’s responsibility is to protect investors who purchase digital assets.
Additionally, crypto critics argued that the Howey Test remains a sufficient legal standard and that the SEC’s track record of litigation success affirms its interpretive authority. Stark suggested that there is no need to reinvent the framework.
Despite these divisions, participants generally agreed that clearer definitions and regulatory consistency would benefit the industry and the SEC’s oversight responsibilities.
The roundtable represents the first in a series of efforts to modernize the agency’s stance on crypto markets while balancing investor protection with technological innovation. It signals the beginning of the regulator’s reassessment process.
@ Newshounds News™
Source: CryptoSlate
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RIPPLE PUSHES SEC WITH 3-STEP PLAN FOR CLEAR CRYPTO REGULATIONS
▪️Ripple criticizes past SEC leadership for creating regulatory confusion and urges a return to clear, existing securities laws.
▪️Ripple proposes the SEC focus on enforcing established laws, not creating new ones, to provide clarity for the crypto market.
▪️With the SEC dropping its appeal, the Ripple lawsuit nears resolution, highlighting the need for defined crypto regulations.
Ripple is calling on the SEC to finally bring clarity to crypto regulations. The company argues that unclear rules have caused confusion for years, making it harder for businesses and investors to navigate the industry.
This comes after Hester Peirce, head of the SEC’s Crypto Task Force, asked the public for input on how crypto assets should be classified. Her request, titled “There must be some way out of here,” signals an effort to fix the mess left by past SEC leadership.
But Ripple isn’t holding back. The company has strongly criticized the SEC’s previous approach, calling it inconsistent, overly complicated, and legally weak.
Now, Ripple is laying out a clear plan to cut through the confusion – one that could finally bring long-overdue regulatory clarity.
Ripple Criticizes Previous SEC Leadership
In its response, Ripple strongly criticized the SEC’s former chairman, Gary Gensler arguing that the agency’s past approach to crypto regulation was unclear, overly complicated, and lacked legal support. Ripple suggested that the SEC intentionally created confusion to hide its failure to follow proper legal processes.
To fix this, Ripple outlined three key steps the SEC should take to improve regulatory clarity.
Ripple’s Three-Step Plan for Clearer Regulations
1. Focus on True Securities
Ripple believes the SEC should only regulate assets that legally qualify as securities under federal law. The company argued that many digital assets, especially those that do not generate profit or yield, should not be classified as securities.
2. Enforce Existing Laws Instead of Creating New Ones
Ripple urged the SEC to stick to the laws already in place instead of introducing new rules that could create further confusion. The company stressed that only Congress has the power to make new laws, and the SEC should focus on enforcing existing regulations.
3. Provide Clear Guidelines
Ripple called on the SEC to take a more transparent approach to crypto regulations. It praised the SEC’s decision to clarify that meme coins are not securities, saying such clear guidance helps reduce uncertainty in the market. Ripple is now pushing for similar clarity across the entire crypto industry.
Ripple vs. SEC Lawsuit Nears Its End
Meanwhile, the long-running legal battle between Ripple and the SEC is close to wrapping up. The SEC has dropped its appeal against Ripple, leaving only Ripple’s cross-appeal as the final step. Many legal experts believe Ripple will withdraw its appeal once a favorable agreement with the SEC is reached.
After years of regulatory chaos, the SEC and Ripple might finally be on the same page. The real question is: will crypto finally get the clarity it deserves?
@ Newshounds News™
Source: Coinpedia
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Bruce’s Big Call Dinar Intel Thursday Night 3-20-25
Bruce’s Big Call Dinar Intel Thursday Night 3-20-25
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It's Thursday, March 20. Happy first day of spring to everybody and you're listening to the big call. Thanks for tuning in again all over the world. We're glad to have you, and we're looking forward to having a good call tonight.
So let's do this. Let's talk about where we are on the Intel front.
And I don't have quite as complete the intel that I was hoping to get this afternoon. We've lost connection with my one of my sources that I don't know, I will probably from tonight after the call, that is typical, sometimes, if we lose contact during the day.
Bruce’s Big Call Dinar Intel Thursday Night 3-20-25
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It's Thursday, March 20. Happy first day of spring to everybody and you're listening to the big call. Thanks for tuning in again all over the world. We're glad to have you, and we're looking forward to having a good call tonight.
So let's do this. Let's talk about where we are on the Intel front.
And I don't have quite as complete the intel that I was hoping to get this afternoon. We've lost connection with my one of my sources that I don't know, I will probably from tonight after the call, that is typical, sometimes, if we lose contact during the day.
But here's the thing, what we have is what we were expecting was for everything to start this day with notifications. Now, here's what appears to be happening. At our last discussion about rates and about screens, we had the Forex with the new currencies that are all up in value. There's 18 total that are going up in value. Those rates were populating on all screens.
Forex with the rates linking, moving up and down, populating coming in, going up and all that. And then same thing on bank screen, same thing on redemption center screens.
And what we had understood was, if those rates are solid by last night, before midnight, then we would be good to go today. Well, I'm not sure that they all filled in to solid rates. Okay?
So then we thought, Well, okay, let's see what happens today, and let's see if those rates become solid during the day or by midnight tonight. All right?
And then we had information that showed, okay, yeah, the Forex rates directly are tied to and affect the rates at the banks, but redemption center rates, which is what we're all going for, redemption center rates are not directly tied to the forex and therefore can be put up at whatever rates the countries decide when the redemption centers are going to have for us, not necessarily the same as are on forex or on the bank screens.
And we know that's the case. We know that redemption center rates, for the most part, can be higher than those at the banks.
Okay, we've talked about rate of the dinar. We've talked about the Iraq Dinar Contract rate being way higher than bank screen rates. Even thought about getting to and they will be, it would be quite a bit higher. And I've told you guys roughly where expected to be, and I told you that several times, so that's still in play. It's still looking good.
We know the zim is on par with the USN dollar, and we know that the Dong is probably the only one we know of for sure that should be the same on bank screen says it is on redemption center screens.
However, if you have Dong only, we still recommend this call and center appointment for the redemption centers, because there are additional perks and information that you should get when you go in and exchange the Dong so we'll see how all that comes together.
Now, we had heard earlier today that our timing may be tied to a period which would introduce the currencies as new currencies, if you will, to the Forex no longer exotic currency, like what they are right now, but the revalued currency numbers would show up and be posted either Wednesday or Sunday.
And we thought, if we don't have anything by today, it looks like we could be delayed all the way till the weekend, which is only a couple days away, until Saturday. So we could be there. We could get notifications as early as tomorrow and start exchanges Saturday, or we could get pushed all the way to Sunday and get going Monday or Tuesday.
All of this is in play right now because we don't know exactly where the rates stand as being solid on redemption center screens yet, if they are solid now or solid tomorrow, it looks good that we would be notified tomorrow, but we don't have that confirmed yet, so I'm going to try to get that confirmed, which won't help this call tonight, but I'll try to help it, or I'll Try to confirm it after the call tonight, providing that can happen.
The other thing is that bond holders are looking to get their access to funds at the point, I'm going to say probably Saturday. It could be tomorrow, but it could also be on Saturday, and now bonds are only being transacted in two cities in the US, Reno and Miami, both at Wells Fargo locations Reno and Miami, no longer in New York, no longer Atlanta, not in Zurich or Geneva Switzerland, but only in Reno and Miami.
And we have sources on the ground in both those areas, Reno and Miami, and reporting on the number of flights that are coming in every hour into those two cities to transact their bonds. But guess what?
These bond holders are all international. They're coming from other places around the world to do this here, that's the activity that people are seeing in Reno, with extra flights going in six, seven an hour in and out of Reno, but we might have maybe three flights an hour coming in and out by the International Airport, private side, for bondholders.
So for Wells Fargo, sort of and so, so that's what's happening. So bondholders are held back just like we are, until everything is ready to go.
Now, President Trump made a very short address that was taped for a crypto currency summit today. He made a little blurb from the Oval Office. I got to hear it today after he made that and it was recorded, and so it was played for this crypto currency Summit.
And what was interesting is he talked about the value of five of these crypto coins, and I think we know which they are. We've got Bitcoin. We've got oh gosh, let's see which ones they've got, Solano garden XRP, which is ripple, XRP, and Etherium. I think you're five right there.
Those five will actually add value to the US dollar, but in a very real sense, it's the gold back US dollar we call the USN that is adding value to those crypto coins. So they both are working together in conjunction.
And as I mentioned on Tuesdays call, I believe it's gold Donald and and Bitcoin already have a relationship that's tied together by blockchain technology, where they can interact between those two coins, I predict they'll all be interactive, where they'll all be tradable, movable, sellable, viable on each of those coin platforms moving forward.
We’ll see if there's a consolidation, if there's elimination, right? I don't think any of those five will be limited, at least that's what it looks like now –
So as zim holders. I've been told I don't think we have to worry about that one up that for ourselves. It's good for people that maybe don't have currency or don't even know about the currency - to be involved in and President Trump's in favor of them, and has spoken about it several times, and here he addressed the summit, if you will, cryptocurrency summit today, so I’m encouraged by where that's going.
And also I've heard that more and more IRS agents we're getting ready to and I want to see us move into NESARA for this country, and GESARA for the global economic security (Strategic) and reformation act, global economic security (Strategic) and reformation act. And this NESARA our national economic security (Strategic) and reformation act.
But I'm looking forward to occur in this country for us, because we know what's included in it. We know that we have a 14% consumption tax. We know that state income taxes, which are not happening in seven of our states right now, but Florida and Texas and Massachusetts and Wyoming, there are several states don't have state income tax. There won't be state income tax in any state.
But the Consumption Tax will be collected and monitored by quote, unquote, IRS agents in each state. But it's going to be like decentralized, just like education is going to go to the states and being part of the state will manage, will manage and manage education in each state.
The same thing is going to be true about collecting consumption tax on new items that we purchase, but it won't be affected on used items that we buy or a lot of other things, and it's not so we're not having our federal income tax or state income tax, and I'm not sure how real estate taxes are affected. I think they may go away too, but we'll have to see about that.
So when the NESARA does fully kick in, not only do we get debt relief and R and R, and, you know, everything that we're looking to receive from it, but we go to the consumption tax, which is going to be way better for everybody, including us. It'll be so much better. So I'm looking forward to that.
Now when is it going to kick in? Gosh, we thought it would kick in by now. I was told within 15 days of the 10th of the month. Well, tomorrow's the 25th and it hasn't kicked in yet. I'm going to say we're going to have to see what happens, because right now, we're looking to have information come in that's about the Social Security increase, also information that confirms the tax structure.
Everything else, there's quite a bit that has to come out. Will it happen before in the month, which today is, what the 20th that's eight days away, 11 days away, to the 31st it could, it could. We could still get our increase of social added on as an extra payment this month.
I've told, been told that would, that would probably be the case, because it hasn't had any. Nobody's had an increase in their social security on the Wednesdays.And we’ve hit three Wednesdays as of yesterday, right? The fifth, the 12th and 19th, and the last Wednesday is the 26th so we'll get that. You know, when we get it - would it be this month? We'll just have to wait and see,
But we know that r and r for us when we go in for our exchanges will be there when we go in to exchange and redeem our zim, two of the four that should be there as soon as we get numbers and set appointments and go -- Will tomorrow come into play for numbers, where we would start on Saturday. Don't know that was what we got yesterday. Now that may have changed.
That's the thing about this intel guys, as you know, it has changed more times than not, and maybe we're not there until the weekend and and, you know, Monday or Tuesday next week, I really don't know. I'm sorry. I wish I could be more definitive.
At this point, we kind of lost connection actually to get that information. I will say this, there has been an effort for certain bond pay masters in Reno and in Miami to no longer make calls out of that area. They've got major things happening that are keeping those calls from going.
So this shows how close we are, the fact that they're restricting their own pay masters from Wells Fargo, from speaking on their phone. And so that's what we have to look at and say, Okay, well, I guess that means that we're very, very close. And that's exactly what it means.
So everything else is moving in the direction that we wanted to go behind the scenes, President Trump has a great job of contacting President Putin of Russia, and they had a good hour and a half call two days ago. And then yesterday, President Trump had a call or so close to an hour with President Zelensky, they're agreeing in principle to the terms that President Trump has come up with for a cease fire, at least a temporary cease fire, and a work toward a lasting treaty of peace.
And of course, way Hamas is going down there in Israel. Things are, things are not quite peaceful down there right now, but I'm sure that we're working to try to establish that and get that done.
My understanding is we're not to have war under the GESARA treaty or the GESARA Act, and hopefully we're moving toward getting that put into place, putting it into effect. I know, for example, that Iraq has revalued their currency, and it's been put out their in country rate, their international rate. Same thing's true for Vietnam.
They put their rate out yesterday, and the rest of the countries were looking to have do the same thing. I believe it was going to be the Afghanistan, Afghani, Indonesia rupiah, and maybe a couple of others had their rate out as revalued. I haven't heard that that had happened, but that was next, of course, the rest of the currencies, which are totally 17 or 18 total that are coming up substantially in value.
That's all those rates that are being put on the Forex and on bank and redemption center screens that are fluctuating up and down right now, trading and hopefully that will solidify, possibly by midnight tonight, if so, we got a good chance of getting notified tomorrow, but we'll have to see you guys are gonna have to have to just watch this along with us. Watch for emails. Watch for your email from Wells Fargo with the toll free number in it – also check big call universe.com see if we put up the 800 number over the weekend or whatever it is that I slash. We get it soon as I get it and validate it verify it.
Bob and Raleigh put it up on big call universe.com be sure that you are registered mentorship site will send you an email with number in it - we'll be in touch with you after this goes to know we're doing with our projects, and we'll it'll take us a while to get websites up and running to where you can go
So that’s what I have to say, we're very close on and we'll keep you prized on that we have a call Tuesday. We don't know at this point whether we will or not. If we do it should be hopefully it'll be a celebration call.
Okay, so let's hope for that, in which case we would do it and have the recorded celebration call ready for you. We could do the call sooner. We get the numbers sooner, and we started setting appointments and exchange. Then we'll probably do a recorded celebration call.
So anyway, I'm excited about where we are guys. I wish I could give you an exact timing for this, but just hang in there and know that it's very, very close, and we'll, we'll be in touch with all right, so see, and let's pray the call out,
Well, good night everybody, and have a good night and keep an eye on our emails.
Bruce’s Big Call Dinar Intel Tuesday Night 3-18-25 REPLAY LINK Intel Begins 1:18:00
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Seeds of Wisdom RV and Economic Updates Friday Afternoon 3-21-25
Good Afternoon Dinar Recaps,
UAE COMMITS TO $1.4 TRILLION US INVESTMENT, WHITE HOUSE SAYS
WASHINGTON/DUBAI, March 21 (Reuters) - The United Arab Emirates has committed to a 10-year, $1.4 trillion investment framework in the United States after top UAE officials met President Donald Trump this week, the White House said on Friday.
Th e framework will "substantially increase the UAE's existing investments in the U.S. economy" in AI infrastructure, semiconductors, energy, and manufacturing, the White House said in a statement.
Good Afternoon Dinar Recaps,
UAE COMMITS TO $1.4 TRILLION US INVESTMENT, WHITE HOUSE SAYS
WASHINGTON/DUBAI, March 21 (Reuters) - The United Arab Emirates has committed to a 10-year, $1.4 trillion investment framework in the United States after top UAE officials met President Donald Trump this week, the White House said on Friday.
The framework will "substantially increase the UAE's existing investments in the U.S. economy" in AI infrastructure, semiconductors, energy, and manufacturing, the White House said in a statement.
The White House did not outline how UAE investments would reach $1.4 trillion, with some of the deals unveiled as part of the framework having already been announced.
The only fully new deal appeared to be an investment by Emirates Global Aluminium in what would be the first new aluminum smelter in the United States in 35 years, the White House said, adding the plant "would nearly double U.S. domestic aluminum production".
"Developing a primary aluminium smelter in the U.S. has been part of EGA's ambitions for several years," a spokesperson for the firm said in a statement.
The UAE, an oil producer and longtime security partner of the U.S., is looking to deepen investment ties with Washington and is emerging as a global leader in AI, one of the sectors it is betting on to diversify its economy away from energy.
In September, UAE President Sheikh Mohamed bin Zayed Al Nahyan met former U.S. President Joe Biden, in the first visit of a UAE president to the White House, as the two leaders discussed deepening cooperation in areas such as AI, investments and space exploration.
Gulf sovereign wealth funds, including Abu Dhabi's $330-billion Mubadala, are already big U.S. investors, and Trump and his family have business ties to the region.
OVAL OFFICE MEETING
Trump in January asked Saudi Arabia to spend upwards of $1 trillion in the U.S. economy, over four years, including purchases of military equipment, and said this month he likely would make his first trip abroad to the Gulf country to seal an investment agreement.
The deal, which could happen between this month or the next, would come at a time when Saudi Arabia, the Arab world's biggest economy, has been taking a more prominent role in U.S. foreign policy. The Gulf country is set to host diplomatic talks around Ukraine involving the United States and Russia next week.
The White House said on Friday the UAE agreement resulted from a meeting that Trump held on Tuesday with national security adviser Sheikh Tahnoon bin Zayed Al Nahyan in the Oval Office and a dinner that Vice President JD Vance and several cabinet members held with the UAE delegation, which included the heads of major UAE sovereign wealth funds and corporations.
Among the tie-ups highlighted on Friday was a partnership between UAE sovereign wealth fund ADQ, which is chaired by Sheikh Tahnoon, and U.S. private equity firm Energy Capital Partners, for a $25 billion U.S.-focused initiative to invest in energy infrastructure and data centers. That had been previously announced two days ago.
A commitment by XRG, the international investment arm of UAE state oil company ADNOC launched in November, to support U.S. natural gas production and exports with an investment in the NextDecade liquefied natural gas export facility in Texas, had previously been made public last year by ADNOC, under Biden.
https://www.reuters.com/world/after-trump-meeting-uae-commits-10-year-14-trillion-investment-framework-us-2025-03-21/
@ Newshounds News™
Source:
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AUSTRALIA OUTLINES CRYPTO REGULATION PLAN, PROMISES ACTION ON DEBANKING
The Albanese-led government intends to release draft legislation in 2025 for public consultation and promised to work with Australia’s four largest banks to better understand de-banking.
Australia’s government, under its ruling center-left Labor Party, has proposed a new crypto framework regulating exchanges under existing financial services laws and has promised to tackle debanking.
It comes ahead of a federal election slated to be held on or before May 17, which current polling shows is shaping up to a dead heat between Prime Minister Anthony Albanese’s Labor and the opposing Coalition led by Peter Dutton.
The Treasury Department said in a March 21 statement that crypto exchanges, custody services and some brokerage firms that trade or store crypto will come under the new laws.
The regime imposes similar compliance requirements as other financial services in the country, such as following rules safeguarding customer assets, obtaining an Australian Financial Services Licence and meeting minimum capital requirements.
In August 2022, the government initiated a series of industry consultations to draft a crypto regulatory framework.
“Our legislative reforms will extend existing financial services laws to key digital asset platforms, but not to all of the digital asset ecosystem,” the Treasury said in its statement.
Small-scale and startup platforms that don’t meet specific size thresholds will be exempt, along with firms that develop blockchain-related software or create digital assets that aren’t financial products.
Payment stablecoins will be treated as a type of stored-value facility under the Government’s Payments Licensing Reforms; however, some stablecoins and wrapped tokens will be exempt.
“Dealing or secondary market trading in these products will be not treated as a dealing activity, and platforms where they are traded will not be treated as operating a market simply because of that trading activity,” the Treasury said.
As part of its crypto agenda, Albanese’s government has also promised to work with Australia’s four largest banks to better understand the extent and nature of de-banking.
There will also be a review into a central bank digital currency and an Enhanced Regulatory Sandbox in 2025, allowing businesses to test new financial products without needing a license.
Albanese’s government intends to release a draft of the legislation for public consultation. However, a change of government could be on the horizon with a looming federal election, a date for which is yet to be called.
Dutton’s center-right Coalition had earlier promised to prioritize crypto regulation if it wins the election.
The latest YouGov poll published on March 20 shows the Coalition and Labor neck in neck for a two-party preferred vote.
Caroline Bowler, the CEO of local crypto exchange BTC Markets, said in a statement shared with Cointelegraph that the areas of reform are sensible and would keep Australia competitive with global peers.
However, she thinks there “will be additional detail required on capital adequacy and custody requirements.”
“We need to ensure that these requirements aren’t overly burdensome for business investment in Australia,” Bowler said.
Kraken Australia’s managing director, Jonathon Miller, said there is an “urgent need for bespoke crypto legislation” to address the existing confusion and uncertainty in the country’s industry.
“We believe that by establishing a clear crypto regulatory framework and mitigating problems like debanking, government can remove the barriers hampering growth in the Australian economy,” he said.
@ Newshounds News™
Source: CoinTelegraph
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Seeds of Wisdom RV and Economic Updates Friday Morning 3-21-25
Good Morning Dinar Recaps,
SEC’S OFFICIAL STATEMENT ON RIPPLE LAWSUIT STILL PENDING: HERE’S WHAT WE CAN EXPECT
Brad Garlinghouse, CEO of Ripple, recently announced that the SEC has finally dropped its appeal against Ripple, marking the end of a lengthy legal battle that lasted over three years. The SEC has decided not to pursue further legal action, confirming that Ripple is no longer under threat from the regulatory body.
This decision has had an immediate impact on XRP’s price, which surged following the announcement. The legal saga, which began with the SEC’s claim that Ripple violated securities laws by selling XRP, has been a major point of contention in the cryptocurrency space.
Good Morning Dinar Recaps,
SEC’S OFFICIAL STATEMENT ON RIPPLE LAWSUIT STILL PENDING: HERE’S WHAT WE CAN EXPECT
Brad Garlinghouse, CEO of Ripple, recently announced that the SEC has finally dropped its appeal against Ripple, marking the end of a lengthy legal battle that lasted over three years. The SEC has decided not to pursue further legal action, confirming that Ripple is no longer under threat from the regulatory body.
This decision has had an immediate impact on XRP’s price, which surged following the announcement. The legal saga, which began with the SEC’s claim that Ripple violated securities laws by selling XRP, has been a major point of contention in the cryptocurrency space.
Fox Business journalist Eleanor Terrett responded, explaining that the SEC still needs to formally approve the withdrawal of its appeal. Once the Commission gives the green light, they can expect a press release similar to the one issued earlier this year when the SEC dismissed its lawsuit against Coinbase.
Terrett added that the SEC typically addresses matters of litigation and enforcement during their closed meetings. The dismissal of the Ripple case will likely be discussed at one of these meetings, which is scheduled for next Thursday.
@ Newshounds News™
Source: Coinpedia and Twitter
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RIPPLE CEO PREDICTS NEW RLUSD CRYPTO TO BE TOP 5 STABLECOIN BY YEAR END FOLLOWING SEC’S DROPPED XRP LAWSUIT
Ripple CEO Brad Garlinghouse says the firm’s dollar-pegged crypto asset will become a top stablecoin by the end of the year after the U.S. Securities and Exchange Commission (SEC) dropped its lawsuit against the payments platform.
In a new interview, Garlinghouse says that RLUSD – which launched in December 2024 – will grow into a top-five stablecoin after the regulatory agency dropped its lawsuit against Ripple Labs for allegedly violating securities law.
According to Garlinghouse, the stablecoins sector of the industry should see massive growth in the next few years.
“I think we’re underestimating how big [stablecoins] might get. Today, that market is about $230 billion. Some smart people think that may go up 10x in the next five years – I think that’s probably right…
Ripple launched its own stablecoin at the end of the last year that’s already ahead of our own internal forecast in terms of where we are at this point…
We’re still really small, but the goal is by the end of the year, for RLUSD, Ripple’s stablecoin, to be one of the top five in the market, and I think the whole market is going to grow dramatically this year.”
Earlier this week, the SEC announced it is dropping its case against Ripple Labs for allegedly selling unregistered securities, causing XRP, the digital asset associated with the firm, to rally.
Ripple was initially sued by the SEC in 2020, but a judge in 2022 ruled that the open-market sales of XRP to retail investors do not qualify as securities.
XRP is trading for $2.47 at time of writing, a 2.4% decrease on the day while RLUSD has a market cap of $169.6 billion.
@ Newshounds News™
Source: DailyHodl
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2 Ways an Economic Downturn in 2025 Is Your Chance To Get Rich
2 Ways an Economic Downturn in 2025 Is Your Chance To Get Rich, According to Robert Kiyosaki
Adam Palasciano Wed, March 19, 2025 GOBankingRates
Economic downturns are inevitable from time to time. Whether it’s a minor dip in the stock market or something as significant as 2008’s Great Recession, we all need to be financially prepared for whatever lies ahead. However, whatever’s coming next might be big, perhaps as big as the Great Depression.
In a recent post on X, financial expert and “Rich Dad Poor Dad” author Robert Kiyosaki predicted the next “Greater Depression” in 2025:
2 Ways an Economic Downturn in 2025 Is Your Chance To Get Rich, According to Robert Kiyosaki
Adam Palasciano Wed, March 19, 2025 GOBankingRates
Economic downturns are inevitable from time to time. Whether it’s a minor dip in the stock market or something as significant as 2008’s Great Recession, we all need to be financially prepared for whatever lies ahead. However, whatever’s coming next might be big, perhaps as big as the Great Depression.
In a recent post on X, financial expert and “Rich Dad Poor Dad” author Robert Kiyosaki predicted the next “Greater Depression” in 2025:
“In 2014 I published RD’s Prophecy predicting the biggest stock market crash in history. Unfortunately that ‘prophecy’ is coming true, in 2025. Markets are crashing and my concern is the world may be entering into another ‘Greater Depression,'” said Kiyosaki.
Under the new administration, The Wall Street Journal reported that the S&P 500 recently saw its biggest drop in years, down more than 10% from its February 19, 2025, record high. This drop can likely be attributed to Trump’s threat of upcoming tariffs on foreign nations.
No matter the exact reason, economic uncertainty may lie ahead and you’ll need to be prepared. This includes figuring out how to grow your wealth at the same time.
Here are two important ways to leverage an economic downturn to get rich, according to Kiyosaki.
Invest in Gold, Silver and Bitcoin
Kiyosaki is a proponent of investing in precious metals like gold and silver as well as cryptocurrency like bitcoin (BTC) ahead of an expected economic downturn.
“For years I have [advised] people to do what I do …. which is buy gold, silver and bitcoin,” said Kiyosaki.
Here are the current prices of gold, silver and bitcoin to prove his point:
According to APMEX, the price of gold is reaching an all-time high. The current price per 1 troy ounce of gold is around $3,013.40. This figure represents about a 13.7% increase from just three months ago and a giant 43.5% increase from just one year ago.
APMEX also reported that the price per 1 troy ounce of silver is around $33.96. This figure represents about a 10.7% increase from just three months ago and a significant 45.1% increase from just one year ago.
TO READ MORE: https://www.yahoo.com/finance/news/2-ways-economic-downturn-2025-200122152.html
Seeds of Wisdom RV and Economic Updates Thursday Evening 3-20-25
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JUST IN: PRESIDENT TRUMP DECLARES END TO CRYPTO ‘WAR’
At the Digital Asset Summit 2025, President Donald Trump spoke via video, sharing his vision for the U.S. to lead in the world of crypto and financial technologies. He expressed that while it won’t be easy, the U.S. is already ahead, having hosted the first-ever White House Digital Summit just two weeks ago.
The summit brought together top leaders in the crypto space for discussions led by Crypto Czar David Sachs. Trump also reflected on his recent executive order to create a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile, which will help the government maximize the value of its crypto holdings, unlike the previous administration’s actions.
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JUST IN: PRESIDENT TRUMP DECLARES END TO CRYPTO ‘WAR’
At the Digital Asset Summit 2025, President Donald Trump spoke via video, sharing his vision for the U.S. to lead in the world of crypto and financial technologies. He expressed that while it won’t be easy, the U.S. is already ahead, having hosted the first-ever White House Digital Summit just two weeks ago.
The summit brought together top leaders in the crypto space for discussions led by Crypto Czar David Sachs. Trump also reflected on his recent executive order to create a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile, which will help the government maximize the value of its crypto holdings, unlike the previous administration’s actions.
Trump went on to criticize the past administration’s approach to crypto, particularly its regulatory actions, calling them a misuse of government power. He said that with his leadership, the U.S. is ending this regulatory “war” and promised a more supportive environment for crypto.
Trump also called on Congress to pass clear, sensible regulations for stablecoins and market structures, which would help boost innovation and investment in the industry.
“We are ending the previous administration’s regulatory war on crypto and Bitcoin, which includes stopping the lawless ‘Operation Chokepoint 2.0.’ This operation went far beyond regulation — it was a form of government weaponization, and frankly, it was a disgrace. But as of January 20, 2025, all of that is over,” he said.
He concluded by expressing excitement about the energy of the crypto community, believing it embodies the spirit that built America, and reaffirming that the future of finance will be led by the U.S.
The Strategic Bitcoin Reserve will hold about 200,000 bitcoins that have been seized by federal agencies. The U.S. Digital Asset Stockpile will include other types of digital assets, also seized through legal processes.
The Treasury will oversee these assets and decide how to manage or sell them if needed. The goal of this executive order is to centralize and properly manage the country’s digital assets, ensuring their value is maximized.
@ Newshounds News™
Source: Coinpedia
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TRUMP IS TAKING ON THE FED—WITH CRYPTO AS THE TIP OF THE SPEAR
Anticipated moves by President Trump and Senate Republicans appear intent on using crypto policy to achieve a broader goal: ending the Fed’s independence.
As President Donald Trump continues to test the limits of executive authority by reshaping all manner of U.S. government agencies, one such battle appears poised to rope in the cryptocurrency industry: a brewing war against the Federal Reserve and its publicly stated mission to remain independent.
Since the early 1950s, the Fed has enjoyed final say on key decisions related to the American banking system and U.S. monetary policy. Now the Trump administration and its Republican allies in Congress appear intent on taking over some of that decision-making—first and foremost via numerous crypto-related policy initiatives.
As Decrypt reported last week, the White House is planning to soon issue another cryptocurrency-focused executive order that will, among other things, likely direct the Fed to change its policies on withholding coveted master accounts from so-called crypto banks—financial institutions that possess banking licenses but also offer crypto custody services to their clients.
Master accounts, which allow banks to access the Fed’s financial services, are crucial for serving customers at scale. Should crypto banks finally receive such approval, the development would constitute a massive victory for the digital assets industry.
Only the precious few crypto-focused banks that are registered as depository institutions, such as Kraken Financial, a subdivision of the cryptocurrency exchange Kraken, and Caitlin Long’s Custodia, would be immediately eligible to receive master accounts.
Master account approvals have, for decades, been the final say of the Fed’s seven-member board of governors. And while those governors are appointed by the president, their decisions have not been openly overridden by the executive branch ever since an informal agreement granted them policy-making independence in 1951, according to the Fed.
Last month, Trump laid the groundwork to begin undoing that understanding by signing an executive order declaring he had the right to dictate the Fed’s policies related to the “supervision and regulation of financial institutions.” That policy category would likely include the Fed’s decision-making related to master accounts.
Trump’s order did make the caveat that the Fed will continue to shape its own “monetary policy” on sensitive matters like interest rates. But efforts are brewing in Washington to undo even the Fed’s monetary policy independence—and once again, those plans run straight through the crypto industry.
Last week, Sen. Cynthia Lummis (R-WY) introduced a bill, the Bitcoin Act, that would obligate the U.S. government to buy some $80 billion worth of Bitcoin in an effort to bolster a federal Strategic Bitcoin Reserve. That huge sum of crypto would be paid for, chiefly, by a scheme that would compel the Fed to have its Nixon-era gold certificates reissued at market prices.
Because gold has appreciated by some 6,000% in the intervening years, new gold certificates would theoretically be worth hundreds of billions more than the old ones. The Fed would receive these new, more valuable certificates—but then have to immediately fork over $80 billion to the Treasury Secretary to fund Bitcoin purchases.
A Capitol Hill source with direct knowledge of the thinking that went into the Bitcoin Act told Decrypt that no one has yet tried to tap into such a fundraising mechanism because, for decades, legislators and presidents alike have been hesitant to explicitly direct the Fed.
That position has now changed.
“The view [behind the Bitcoin Act] is in line with the president’s, that there’s no such thing as an independent agency,” the source said. “The Federal Reserve can be instructed, especially through legislation.”
The Capitol Hill insider added that Republicans have likely been emboldened in recent years to take a stronger stance on overseeing the policies of ostensibly independent federal agencies because of the perceived politicization of these agencies, exemplified by the alleged political targeting that took place in the anti-crypto “Operation Chokepoint 2.0.”
Trump is by no means the first president to push against the Fed’s independence in the modern era. Presidents from both parties have pressured the Fed to enact or undo certain policies.
In 1965, President Lyndon Johnson went so far as to physically assault then-Fed chair William McChesney Martin over a disagreement about raising interest rates, according to one biographer.
But still, since the 1950s, no president has successfully managed, or meaningfully tried, to rip key decision-making powers back from the Fed’s governors—at least not explicitly.
Should Trump and his congressional allies keep pressing forward on that goal—and should crypto policy become the tip of that spear—how might the digital assets industry react?
One crypto lobbyist told Decrypt that the Trump administration appears to be using crypto-related policy as a “test case” for reclaiming control over independent agencies.
On one hand, those efforts could unlock crucial victories crypto leaders wouldn’t have dared dream of even a year ago.
On the other hand, the same moves could not only end up in contentious litigation, but also associate the crypto industry—which has tried desperately to avoid political polarization—with a precedent-bucking agenda that is increasingly testing the limits of the U.S. Constitution.
“I can't tell yet if it’s a good thing or a bad thing,” the crypto lobbyist said. “But we’ll take it. Right?”
@ Newshounds News™
Source: Decrypt
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4 Common Mistakes Affluent Americans Make With Their Money
4 Common Mistakes Affluent Americans Make With Their Money — and How To Avoid Them
Vance Cariaga Tue, March 18, 2025 GOBankingRates
Affluence, like beauty, is often in the eye of the beholder. What looks like wealth to one person might not seem that way to others — especially if that “wealth” is offset by high debt and reckless spending. Just because someone earns a high salary doesn’t make them immune to the same financial mistakes as everyone else.
Even defining “affluence” isn’t easy. As Forbes reported, many factors go into determining someone’s wealth — including net worth, household income and location. A net worth of $500,000 might make you affluent in some parts of the country, while in other parts even $1 million falls short of the mark.
4 Common Mistakes Affluent Americans Make With Their Money — and How To Avoid Them
Vance Cariaga Tue, March 18, 2025 GOBankingRates
Affluence, like beauty, is often in the eye of the beholder. What looks like wealth to one person might not seem that way to others — especially if that “wealth” is offset by high debt and reckless spending. Just because someone earns a high salary doesn’t make them immune to the same financial mistakes as everyone else.
Even defining “affluence” isn’t easy. As Forbes reported, many factors go into determining someone’s wealth — including net worth, household income and location. A net worth of $500,000 might make you affluent in some parts of the country, while in other parts even $1 million falls short of the mark.
A recent survey from financial services provider Equitable defined the “mass affluent” as Americans who have an income level at or above $90,000 per year. According to that survey, 80% of all Americans are “concerned” about the affordability of everyday living costs, regardless of income. Nearly half aim to change their financial habits in 2025 to ease financial stress. Almost 70% of the mass affluent said they plan to increase their savings by $500 or more per month.
Increasing savings is one way to bolster your finances. Another way is to avoid making the same mistakes over and over. Here are four common mistakes affluent Americans make and how to avoid them, according to Nasha Knowles, CFP, a financial advisor with Equitable Advisors who counsels high net worth individuals.
Underestimating Income Taxes
Many affluent people don’t realize the tax impact when they start earning more money, Knowles told GOBankingRates in an email.
“They will now pay more in taxes because they make more, and they will also be in a higher tax bracket,” she said. “It always surprises them how much they are now paying in taxes.”
To avoid this mistake, hire a tax professional or financial advisor to help with tax planning.
Making Big Ticket Purchases Without Considering Related Costs
TO READ MOREl: https://www.yahoo.com/finance/news/4-common-mistakes-affluent-americans-150403040.html
Iraq Economic News and Points to Ponder Thursday Evening 3-20-25
Iraq Economic News and Points to Ponder Thursday Evening 3-18-25
Al-Alaq: We Are Working To Establish A Data Center That Represents A Successful Foundation For Digital Transformation.
Banks Economy News – Baghdad Central Bank Governor Ali Al-Alaq confirmed on Thursday that the digital currency the bank intends to launch will enhance transparency and limit the flow of cash out of banks. He also revealed plans to establish a data center that will serve as a successful platform for digital transformation.
Al-Alaq: We Are Working To Establish A Data Center That Represents A Successful Foundation For Digital Transformation.
Banks Economy News – Baghdad Central Bank Governor Ali Al-Alaq confirmed on Thursday that the digital currency the bank intends to launch will enhance transparency and limit the flow of cash out of banks. He also revealed plans to establish a data center that will serve as a successful platform for digital transformation.
Al-Alaq said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News," that "financial technologies are developing rapidly, in line with the requirements of the financial and banking sector in terms of speed, accuracy, and economic efficiency,
in addition to transparency and oversight. The reality of the digital revolution is imposing itself on all sectors, including the financial and banking sector, which is the most beneficiary of the major transformations taking place."
He added, "Digital currency can serve many purposes, limit the leakage of cash outside banks, and achieve a high degree of transparency, as funds can be tracked, whether in the areas of consumption, investment, savings, or even in legitimate and illegitimate businesses.
It also provides important databases for analytical purposes, not just for the movement of paper money, in addition to the economic benefits digital currency offers from printing and tracking currency."
Al-Alaq confirmed that "we have begun taking steps in coordination with international organizations to review initial experiments in the digital currency file, which we do not wish to delay." He explained that "there are existing experiments in some countries in the region, and we are also following up with the Arab Monetary Fund to develop appropriate steps in this direction, and what is required is infrastructure.
" He continued, "The Central Bank has advanced infrastructure, as the new bank building contains a sophisticated data center, and we are also working to establish a data center that will represent a successful foundation for digital transformation."https://economy-news.net/content.php?id=53628
Oil Prices Rose In Today's Trading
Economy |03/20/2025 Mawazine News – Baghdad Oil prices rose in early trading on Thursday, driven by a decline in US fuel inventories and rising tensions in the Middle East.
Brent crude futures rose 40 cents, or 0.57 percent, to $71.18 a barrel by 02:13 GMT, while U.S. West Texas Intermediate (WTI) crude gained 34 cents, or 0.51 percent, to $67.50. Prices rose after U.S. government data showed a larger-than-expected drawdown in distillate inventories last week.
Distillate stocks, which include diesel and heating oil, fell by 2.8 million barrels last week, while crude inventories rose by 1.7 million barrels. Global risk premiums rose after Israel launched a new ground operation in Gaza on Wednesday after violating a nearly two-month ceasefire.
The United States also continued airstrikes on Houthi targets in Yemen in response to the group's attacks on ships in the Red Sea. Trump also pledged to hold Iran responsible for any future Houthi attacks. Ukrainian President Volodymyr Zelensky said on Wednesday that a halt to strikes on energy facilities in the war with Russia could be achieved quickly, suggesting the two sides are moving closer to a potential ceasefire that could lead to sanctions relief and the return of Russian supplies to the market. https://www.mawazin.net/Details.aspx?jimare=260274
Exchange Rates Drop In Baghdad
economy | 03/20/2025 Mawazine News – Baghdad The dollar exchange rate declined on the Al-Kifah and Al-Harithiya stock exchanges, reaching 147,300 Iraqi dinars per $100.
The selling price at exchange shops in local markets in Baghdad was 148,250 Iraqi dinars per $100, while the buying price was 146,250 dinars per $100. https://www.mawazin.net/Details.aspx?jimare=260281
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Thursday Afternoon 3-20-25
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PRESIDENT TRUMP PLEDGES US LEADERSHIP IN CRYPTOCURRENCY AT DIGITAL ASSET SUMMIT
President Donald Trump outlined his administration’s vision for U.S. leadership in cryptocurrency and financial technology during the Digital Asset Summit.
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PRESIDENT TRUMP PLEDGES US LEADERSHIP IN CRYPTOCURRENCY AT DIGITAL ASSET SUMMIT
President Donald Trump outlined his administration’s vision for U.S. leadership in cryptocurrency and financial technology during the Digital Asset Summit.
Trump Touts Crypto as Key to U.S. Economic Growth
Addressing the summit’s attendees via video feed, Trump declared his commitment to making America the global center for digital assets. “Together we will make America, the undisputed bitcoin superpower and the crypto capital of the world,” he stated. He also highlighted the recent White House Digital Asset Summit, where top crypto executives met with White House AI and Crypto Czar David Sacks.
Trump announced the creation of a strategic bitcoin reserve and a U.S. digital asset stockpile, a move aimed at maximizing the government’s holdings. “Instead of foolishly selling them for a fraction of their long-term value, which is exactly what Biden did,” he asserted.
The president also vowed to end what he described as the previous administration’s “regulatory war on crypto,” including halting Operation Choke Point 2.0. “It was a form of lawfare through government weaponization. Frankly, it was a disgrace,” he said, pledging that such policies ended on January 20, 2025.
Trump called on Congress to pass legislation establishing clear regulations for stablecoins and market structure, arguing that a strong legal framework would allow institutions to invest and innovate freely. “You will unleash an explosion of economic growth,” he told the audience.
He concluded by reinforcing his belief that crypto will drive financial innovation in the U.S. “It’s going to be right here in the USA, the good old USA,” he said.
@ Newshounds News™
Source: Bitcoin News
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XRP JUST HIT MAJOR MILESTONE WITH FIRST US REGULATED FUTURES
The first-ever regulated XRP futures in the U.S. are live, delivering compliant, physically settled contracts that enhance market integrity and strengthen price discovery.
Regulated XRP Futures Are LIVE in the US
Bitnomial, a U.S.-based digital asset derivatives exchange, has launched the first-ever U.S. Commodity Futures Trading Commission (CFTC) regulated futures contract for XRP, the company announced on March 20. The announcement states:
"This marks the first-ever CFTC-regulated XRP futures product in the United States, providing traders with a compliant, transparent, and capital-efficient way to gain exposure to XRP".
The newly introduced XRP US Dollar Myra (XRUY) Futures are designed to enhance market integrity by ensuring contracts are physically settled in actual XRP rather than cash. This approach strengthens price discovery by directly linking derivatives trading to the real supply and demand dynamics of XRP.
Along with the product launch, Bitnomial Exchange, LLC voluntarily dismissed its lawsuit against the U.S. Securities and Exchange Commission (SEC), which was initially filed in October 2024. The company shared:
"Bitnomial is also pleased to announce that yesterday, Bitnomial Exchange LLC filed a notice of voluntary dismissal of its case against the U.S. Securities and Exchange Commission (SEC)."
The lawsuit questioned whether Bitnomial’s XRP futures should be classified as security futures contracts. With the SEC’s evolving stance on crypto assets providing greater clarity, Bitnomial decided to withdraw the case, emphasizing the importance of regulatory certainty for fostering innovation in digital asset markets.
Bitnomial has been broadening its range of physically settled futures, now offering contracts on solana, avalanche, chainlink, bitcoin cash, litecoin, ethereum, polkadot, and hedera. The company detailed:
"Bitnomial’s physically settled futures ensure contracts are delivered in actual XRP upon settlement, distinguishing them from cash-settled alternatives that do not have direct interaction with the underlying asset."
“This structure enhances market integrity and strengthens price discovery by tying derivatives trading directly to XRP’s supply and demand dynamics,” the company added.
CEO Luke Hoersten highlighted the significance of physically settled contracts in reinforcing market transparency, while President Michael Dunn noted that the introduction of XRP futures solidifies Bitnomial’s role as a leader in regulated crypto derivatives trading.
Bitnomial’s announcement of launching the first CFTC-regulated XRP futures contracts came a day after Ripple CEO Brad Garlinghouse revealed that the SEC is dropping its appeal in the company’s long-running lawsuit over XRP.
@ Newshounds News™
Source: BitcoinNews
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Seeds of Wisdom RV and Economic Updates Thursday Morning 3-20-25
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DUBAI LAND DEPARTMENT BEGINS REAL ESTATE TOKENIZATION PROJECT
The Dubai government has started the pilot phase of a project that will convert real estate assets into digital tokens on the blockchain.
The Dubai Land Department (DLD), a government entity responsible for registering, organizing and promoting Dubai real estate, announced that it started the pilot phase of its real-estate tokenization project.
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DUBAI LAND DEPARTMENT BEGINS REAL ESTATE TOKENIZATION PROJECT
The Dubai government has started the pilot phase of a project that will convert real estate assets into digital tokens on the blockchain.
The Dubai Land Department (DLD), a government entity responsible for registering, organizing and promoting Dubai real estate, announced that it started the pilot phase of its real-estate tokenization project.
The project was launched in collaboration with the Dubai Future Foundation (DFF) and the Virtual Assets Regulatory Authority (VARA), Dubai’s crypto regulator.
The token launch makes the DLD the first real-estate registration entity in the UAE to implement tokenization on property title deeds.
DLD expects the sector to grow $60 billion by 2033
In the announcement, the DLD said the initiative is expected to drive growth in real estate tokenization. The government agency predicts that its market value could reach over $16 billion by 2033. According to the agency, this represents 7% of Dubai’s total real estate transactions.
DLD Director-General Marwan Ahmed Bin Ghalita said in the announcement that real estate tokenization drives a fundamental change in the sector.
“By converting real estate assets into digital tokens recorded on blockchain technology, tokenization simplifies and enhances buying, selling, and investment processes,” he said.
The official said this aligns with the DLD’s vision to become a global leader in real estate investment and use technology to develop innovative real estate products.
Tokenization to open up Dubai real estate to global investors
Tokinvest co-founder and CEO Scott Thiel said the initiative is a “transformative moment” for the sector. Thiel told Cointelegraph:
“The initiative not only reinforces Dubai’s leadership in blockchain adoption but also paves the way for a more inclusive, liquid, and efficient real estate market.”
The executive working in a VARA-regulated RWA platform told Cointelegraph that DLD’s new project would open Dubai’s real estate market to a global pool of investors.
“Tokenisation is no longer a concept. It’s a reality that will open up Dubai’s real estate market to a global pool of investors like never before,” Thiel told Cointelegraph.
In a previous interview, Thiel told Cointelegraph that the UAE’s proactive regulations paved the way for the country’s real-world asset (RWA) tokenization boom. The executive said there was a genuine desire from government agencies to develop clear guidelines for the sector.
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Source: CoinTelegraph
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BRICS: ANALYST REVEALS IF THE US DOLLAR CAN MAINTAIN ITS DOMINANCE
The BRICS alliance is looking to uproot the US dollar from the world’s reserve currency position. The bloc wants to put local currencies in the top slot and reduce dependency on the greenback. The power struggle has ignited fresh debates about the use of the USD among developing nations. Eastern nations want to tilt power from the West and usher into a new financial era.
The move will shake the foundation of the US dollar and weaken its dominant position in the currency markets. Local currencies are getting stronger in 2025 as the USD is down against all leading currencies this year as the DXY index fell to the 103.2 mark.
BRICS: The US Dollar Will Maintain Its Dominance
Ashishkumar Chauhan, the Managing Director of the National Stock Exchange (NSE) spoke about the US dollar’s prospects. He spoke at a Singapore panel on capitalism and technology highlighting the importance of geopolitics and the global stock markets. He also touched on the subject of de-dollarization where BRICS aims to replace the US dollar with local currencies.
Chauhan stressed that BRICS cannot shake the foundation of the US dollar and it will remain the dominant currency. “After World War II, the US meticulously positioned itself to replace the British pound as the global reserve currency. Today, no other country is ready to take on that role,” he argued.
He explained that leading currencies like the euro and the pound are not strong enough to stand the whiplash of the markets. The Chinese yuan and the Japanese yen also fold under pressure and cannot challenge the USD. Therefore, no matter how hard BRICS tries its hand in de-dollarization, the US dollar will remain the dominant currency.
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Source: Watcher Guru
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$3,000 Gold Is Not The End Of This Story
$3,000 Gold Is Not The End Of This Story
Notes From the Field By James Hickman (Simon Black) March 17, 2025
On November 1, 2023, just as the price of gold reached its record high price of $2,000 per troy ounce, I clearly stated my position that $2,000 gold was just the beginning.
As usual, my argument was grounded in history. Back in the 1960s and 1970s, US government spending soared thanks to the mounting costs of the Vietnam War coupled with incredibly expensive social initiatives dubbed ‘The Great Society’.
The national debt exploded as a result.
$3,000 Gold Is Not The End Of This Story
Notes From the Field By James Hickman (Simon Black) March 17, 2025
On November 1, 2023, just as the price of gold reached its record high price of $2,000 per troy ounce, I clearly stated my position that $2,000 gold was just the beginning.
As usual, my argument was grounded in history. Back in the 1960s and 1970s, US government spending soared thanks to the mounting costs of the Vietnam War coupled with incredibly expensive social initiatives dubbed ‘The Great Society’.
The national debt exploded as a result.
Then, throughout the 1970s, the US suffered an incredibly humiliating withdrawal from Vietnam, complete with a helicopter airlift from the US embassy in Saigon. The Cold War with the Soviet Union was at its peak. Serious trouble brewed with Iran. War broke out in the Middle East.
Civil unrest and ‘mostly peaceful’ protests were also a constant problem in the 1970s, and major cities like New York, LA, and Chicago became synonymous with violent crime.
It was also a time of soaring inflation, weak leadership and political chaos in the US, not to mention rampant criminality in the federal government.
All of this led to a significant loss of confidence in America’s standing on the global stage.
Simply put, the world stopped making sense, and gold became a safe haven from that chaos. That’s why the gold price rose more than 20x over the course of the decade.
When I wrote to you back in late 2023, I described a number of similarities between the 1970s and the 2020s. Chaos and criminality. Weakness and war. Humiliation and inflation. Oh, and that little thing called Covid.
Similarly, the world stopped making sense in the 2020s.
And based on that conclusion, I wrote that $2,000 gold was just the beginning of a much bigger story... and that the price of gold would continue to surge.
It’s not hard to understand why.
Back in late 2023 when I wrote that article, the US national debt was around $33 trillion (it’s up $3+ trillion since then).
The federal government had recently ended its fiscal year (FY23), in which it spent every tax dollar collected just to pay interest on the debt, plus mandatory entitlements like Social Security and Medicare.
100% of US government ‘discretionary’ spending, which includes everything from the military and homeland security, to national parks and federal courts, had to be funded with more debt.
I assumed that this trend of higher spending and higher debt would continue. And it did.
The following year, in FY24, the government spent an unbelievable $1.1 trillion just to pay interest on the national debt— vastly exceeding the defense budget. Plus the FY24 budget deficit increased to more than $1.8 trillion.
So the fiscal situation has only become worse. Not better.
The other issue that I foresaw driving backlash against the dollar was the heavy-handedness of the US government against other nations.
Whenever foreign governments (or even foreign businesses) did things that the US government didn’t like, the Biden administration’s knee-jerk reaction was to impose— or at least threaten— sanctions.
In many respects the only reason that the US government even has the power to sanction other nations is because the dollar is the dominant global reserve currency.
If Costa Rica threatened to sanction other countries, everybody would just laugh... because Costa Rica has no power. But America has enormous power, simply because the rest of the world has to use US dollars for global trade and commerce.
I concluded that, sooner or later, foreign governments would get tired of being pushed around by the US government and start seeking alternatives to the dollar. This is also happening.
One thing that modern history makes very clear is that global monetary regimes tend to reset every few decades.
We can go back to the year 1867 in which the International Monetary Conference in Paris ultimately led to a global gold standard.
This gold standard lasted for a few decades... until World War I broke out. One by one, sovereign governments suspended their gold standards, causing significant disruption to the global monetary regime.
Three decades later, the global financial system was reset at the Bretton Woods Conference which anointed the US dollar as the global reserve currency... on the understanding that the dollar would be backed by gold.
This system lasted for 27 years, when, in 1971, Richard Nixon took the US dollar off the gold standard; this led to a system of “fiat currencies” around the world which were backed by nothing but phony promises from politicians and central bankers.
That system was adjusted once again in the late 1990s in the wake of the Asian financial crisis, and Russia’s sovereign debt default, in which most of the developing world piled into US dollars to hold their reserves. Foreign ownership of US government bonds skyrocketed as a result.
That system has lasted for a few decades— during which period a number of countries (like China) bought up trillions of dollars of US government debt.
Well, we are now witnessing in real time what appears to be another reset in the global financial system. And in some respects, it may even be planned.
The main problems that foreign governments and central banks have against the US dollar— the Treasury Department’s heavy-handedness, the constant threat of sanctions or tariffs, and the unimaginably high levels of debt— are still absolutely present.
And on top of that, this new administration is actively floating what has been dubbed the Mar-A-Lago Accords, i.e. an agreement to force America’s foreign bondholders to reset the financial system.
Just as predicted, all of this uncertainty has been incredibly bullish for gold— primarily because foreign governments and central banks are aggressively seeking an alternative to the US dollar.
At the moment, nobody really knows what the next global financial system will be.
Personally I don’t think the dollar is going to disappear as a reserve currency. But “King Dollar” probably won’t dominate the world— instead perhaps it will be “Earl Dollar” or “Viscount Dollar”, in a mix with other currencies.
No one knows for sure. And that’s why central bankers have been buying gold— because it’s the only asset in which they can have complete confidence. No matter what the new global financial system looks like, gold will continue to have value.
It has been those central banks buying up gold (literally by the metric ton) and pushing prices to record highs.
We said in November 2023 that $2,000 was just the beginning. We’ve just hit $3,000 gold.
I won’t say that is “just the beginning.” But it certainly is not the end to this story.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
https://www.schiffsovereign.com/trends/3000-gold-is-not-the-end-of-this-story-152316/