Economist’s “News and Views” 10-17-2024

We've Destroyed the US Dollar and Time is Running Out to Save it: Art Laffer

Daniela Cambone:  10-17-2024

In this conversation with Daniela Cambone, Dr. Arthur Laffer discusses various aspects of the economy, focusing on the implications of debt, trade policies, the future of the US dollar, monetary policy, and the impact on the middle class.

He emphasizes that debt is a tool that can be used effectively if managed properly, critiques current trade policies, and argues for the importance of a stable dollar and sound monetary policy.

Laffer also highlights the need for a flat tax system and discusses the challenges facing the middle class in today's economic environment.

CHAPTERS:

00:00 Debt is a tool, not the problem.

5:13 Trump’s tariffs plan

10:05 De-dollarization

 13:17 The strength of U.S. dollar

14:39 Threats that the U.S. dollar is facing

15:34 Return to the gold standard

 17:00 What should Powell be doing?

19:45 Lift the American middle class

21:34 U.S. debt

 41:10 Illegal immigration and border security

43:47 Final takeaways

https://www.youtube.com/watch?v=v7h4fvVtRAY

ALERT! THE WORLD ECONOMY IS FREEFALLING FASTER AND DEBT SATURATION IS MAKING IT WORSE.

Greg Mannarino:  10-17-2024

https://www.youtube.com/watch?v=jJykWabDYp4

Citigroup Sounds The Alarm On TOTAL Economic Collapse, Chase Bank Warning

Atlantis Report:  10-17-2024

As we end 2024, the ominous tune of a banking collapse looms large over the once-mighty Citigroup.

From its inception in the late 20th century, where it pioneered modern banking services, automatic teller machines, and credit card offerings, Citigroup has witnessed a relentless downward spiral since the housing crisis and financial meltdown of 2008.

Now, a collapse is nearer than ever before. Citigroup, one of the world's leading banks, has made a shocking announcement about the looming threat of a complete economic collapse.

 This alarming forecast comes amidst growing concerns over the state of the labor market, which has shown signs of deterioration that could have far-reaching consequences for the nation's economic stability. The warning has prompted governments, corporations, and individuals to prepare for an unprecedented economic calamity.

Before 2007, Citigroup stood prominently among the elite financial institutions in the United States, consistently delivering robust returns to its steadfast shareholders through both appreciating share prices and generous dividends.

 However, the culmination of the housing boom and the subsequent financial crisis pushed Citigroup to the brink, necessitating government intervention to navigate the resulting losses. Subsequently, Citigroup's stock struggled to regain its pre-crisis momentum, failing to recover from the setbacks of 2008.

Chase Bank and Citigroup have raised red flags, signaling a deep-seated issue within the banking sector. Nine percent of all bank branches in the U.S. have shut down since 2017. Earlier in the month, Citigroup informed the majority of its employees that they could work remotely for the final two weeks of December.

Workers are allowed to log in remotely from any location within their country of employment from Monday to December 29, a Friday, marking this week as the last in-person experience for many staff members this year, according to sources familiar with the situation.

 In contrast to last year when the perk was introduced, employees are now apprehensive about CEO Jane Fraser's comprehensive corporate reorganization, with some expressing concerns about the potential existence of their jobs next year. Citigroup has indicated that Fraser's assessment of the third-largest U.S. bank by assets will be concluded by the end of 2024.

https://www.youtube.com/watch?v=FI5Dw6Ya8KM

Seeds of Wisdom RV and Economic Updates Thursday Morning 10-17-24

Good Morning Dinar Recaps,

Brazil Pushes BRICS to Shift From US Dollar, Advocating National Currencies in Global Trade

Brazil pushes for a shift away from the U.S. dollar within the BRICS alliance, advocating for more use of national currencies in trade among member countries.

As the group expands, discussions on alternative payment platforms are gaining momentum ahead of the BRICS summit in Kazan. Brazil aims to advance this initiative during its 2025 chairmanship, reflecting growing momentum among member states.

Brazil Advocates for National Currencies in BRICS Trade
Brazil’s Foreign Affairs Secretary for Asia and the Pacific, Eduardo Paes Saboia, stated on Tuesday that Brazil is advocating for a greater use of national currencies among BRICS member countries in global trade, aiming to reduce reliance on the U.S. dollar. 

Originally established in 2006 by Brazil, Russia, India, and China, the BRICS group was later joined by South Africa in 2011. In 2024, BRICS expanded further with the inclusion of Egypt, Iran, the United Arab Emirates (UAE), Saudi Arabia, and Ethiopia as full members.

Speaking to reporters, Saboia noted that discussions about this shift are already underway, stating that the issue of reducing the reliance on the U.S. dollar “has already been considered at meetings of finance ministers and heads of central banks” of the BRICS nations. Expressing optimism about the upcoming BRICS summit in Kazan, he was quoted by Tass publication as stating:

I hope that those discussions will be reflected in a certain way in the declaration in Kazan.

Saboia also confirmed that Brazil would continue pushing for an increased share of national currencies in trade among BRICS members during its chairmanship in 2025.

This initiative aligns with comments made by Russian Foreign Minister Sergey Lavrov in September, who mentioned that a report on alternative payment platforms for BRICS nations would be prepared for the Kazan summit. Lavrov said the report would explore “options for creating alternative payment platforms for settlements between BRICS member countries.”

Additionally, Dilma Rousseff, the president of the BRICS New Development Bank, revealed in October that the financial institution intends to “use national currencies for investing in the private sector of the economies of member states.” The Kazan summit will be a key event during Russia’s chairmanship of the organization, which has planned over 200 events this year.

@ Newshounds News™

Source:  Bitcoin News 

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STELLAR ECOSYSTEM IMPLEMENTS BLOCKAID SECURITY FEATURES

Stellar’s Lobstr and Freighter Wallets are the first to receive the new Blockaid security features

Blockchain security firm Blockaid announced the integration of its advanced Onchain Detection and Response (ODR) technology on the Stellar blockchain, starting with the Lobstr and Freighter wallet applications.

According to an Oct. 17 announcement viewed by Cointelegraph, the strategic partnership will bring real-time threat monitoring and rapid response capabilities to the wallets, with further integrations planned.

Blockaid’s Web3 services
Blockaid describes its services as being somewhat like an antivirus software for Web3 decentralized applications.

Ido Ben Natan, CEO of Blockaid, told Cointelegraph that the first wave of enhancements “alerts users whenever they interact with a dangerous transaction, DApp, or token.” He added that “by flagging malicious interactions, we’re protecting millions of users from scams and hacks.”

According to the company’s announcement:

“Blockaid’s Web3 security technology, trusted by Coinbase, Stellar, and Metamask, has scanned over 4.5 billion transactions, prevented more than 100 million attacks, and defended against potential losses exceeding $4 billion.”

In just the first half of 2024 alone, Blockaid inked deals with a number of blockchain firms in the industry including a Coinbase Wallet integration in March, and partnerships with 1inch and Avalanche Core Wallet in June.

Stellar
Stellar bills itself as a decentralized open-source blockchain platform for decentralized finance (DeFi), assets, and payments. Its primary token, XLM, has a market capitalization of $2.8 billion as of Oct. 16.

It’s purported to be faster and more efficient than more popular blockchain platforms such as Bitcoin thanks to its Federated Byzantine Agreement (FBA) algorithm, which handles consensus through a streamlined protocol.

As Cointelegraph reported in August, France-based fintech company Next Generation and Ireland-based electronic money institution (EMI) Decta announced a plan to reintroduce a euro-pegged stablecoin, EURT, on the Stellar blockchain.

The launch of EURT signifies a period of perceived relief from regulatory uncertainty for cryptocurrency and blockchain firms operating in the European Union. By all accounts, the stablecoin market appears to be surging under the Markets in Crypto-Assets (MiCA) regulation and increasing legal clarity.

@ Newshounds News™

Source:  CoinTelegraph 

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AUDIO REPLAY BOB LOCK: OCT 16, 2024 | Youtube

Bob Lock discusses his new book, "Managing sudden wealth through smart team building" as well as what the future might bring with a new financial system and ways to protect yourself with a possible stock market crash and/or bank failure.

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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🌍 Navigating Financial Uncertainty: Protect Your 401(k) and Assets!  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Thank you Dinar Recaps

News, Rumors and Opinions Thursday AM 10-17-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 17 Oct. 2024

Compiled Thurs. 17 Oct. 2024 12:01 am EST by Judy Byington

Tues. 22 Oct. to Thurs. 24 Oct. BRICS Summit To Announce Global Currency Reset. The event in Kazan hosting 24 leaders, 32 countries will initiate a massive shift in macroeconomics through the arrival of its BRICS Pay system. The event is expected to be the largest foreign policy event ever held in Russia. That should be a massive moment for the global south and its continued efforts toward increased competition with the West.

https://watcher.guru/news/who-will-attend-brics-summit-2024-key-leaders-confirmed https://www.dailynewsegypt.com/2024/10/13/brics-summit-in-kazan-to-host-24-leaders-32-countries

On Sun. 27 Oct. into Mon. 28 Oct. 2024 Project Sandman (US Dollar crash) was expected to kick off.

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Global Currency Reset:

Wed. 16 Oct. 2024 TNT Tony: “Everything that was delaying the RV has already been taken care of. There is not going to be a war. The banks have a date and time. It is between now and Sunday 20 October 2024. It could be two hours after this call. I will not have a date and time in advance. We will have 10 days to rescue Zim, after that we are out of luck. According to the three-letter agencies, it will happen before Sunday. Everyone is excited for the RV again (because there is not going to be a war).”

Tues. 15 Oct. 2024 Wolverine: “I can assure you that things are happening this week. There is a lot of movement in Reno. Whales are traveling to Reno. A Whale friend of mine got paid in Zurich. I heard from Zurich that we are going to be paid this week.”

Wed. 16 Oct. 2024 MarkZ: “A number of my bond contacts swear this is our week. I think anywhere between now and the e******n is most likely. I very much believe it will be a shotgun start. I think we will see some of the historic bonds go then “Bam” things will start ripping. Everything going at once. Groups are aggregating other bonds to go after the German bonds. Zim bonds are on that list for next week. I got a report that Dragon bonds are being pulled together as well. At least we are starting to get some activity other than German bonds. From the Redemption /wealth management side-they are ready, working and being told to stay close. They do not yet know timing.”

Tues. 15 Oct. 2024 TNT: “There’s a new date and time. I’ll explain tomorrow.”

Tues. 15 Oct. 2024 Anon: “Blockchain went live on Monday. They have moved from the SWIFT System to the new Quantum Financial System. That means 200 countries and 11,000 institutions are live on the system. Expect some downtime with banks and ATMs not accessible. They couldn’t go live until a certain person was taken from his position.”

Tues. 15 Oct. 2024 Anon: SSI (Social Security Disability recipients) will receive two checks in November.

Tues. 15 Oct. 2024 Anon: “I received some preliminary information last evening that I couldn’t confirm, then today I was included on an international call from several countries all over the world including US cities of NYC, Reno, Mia, plus Zurich, Hong Kong, and Iraq. The sum and substance of this call was all the in country banking and money reorganization that was to be introduced to the citizens this week and the CBI wanted this nation to announce our new currency in conjunction with them but if not then the CBI and Iraq would RV on their own. Per several on the call all requirements such as FOREX have been satisfied. Please remember I am just a messenger but they sounded very confident of this info.”

Tues. 15 Oct. 2024 Mike Bara: The Bondholder’s team was told they would be “contacted” about the funds process in the “midnight-to-midnight” window. Turns out they were. They have now been told that funds are good to release starting tomorrow Wed. 16 Oct. 2024. I know the time but can’t say it.

Wed. 16 Oct. is designated as an official celebration Day for Iraq and the day they will pay their contractors in the new Dinar Rate.

Wed. 16 Oct. 2024: Declassification of Information: NESARA GESARA, White Hats, Quantum Financial System (QFS), Banking Cartels, Brunson Brothers, and Empowerment of the People! – amg-news.com – American Media Group

Tues. 15 Oct. 2024: BOOOOM! NESARA GESARA Implements the Ultimate Global Reset: The Most Complete List of 30+1 Shocking Protocols Ever! – amg-news.com – American Media Group

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Judy Note: The below is in my opinion only:

Only exchange at a licensed Redemption Center. If you exchange at a bank you will get a MUCH LOWER Rate, and thus much less money, on your exchange.

The Zim can only be redeemed for the first ten days after appointments are made available. After those ten days it is worth nothing.

You can only exchange once because they are concerned about “double dipping,” where a person exchanges and then goes out and buys more and then tries to exchange it. They will not allow that.

Take whatever time is offered you for your exchange appointment no matter what it is. If you don’t, you will be put at the end of the line.

You will likely be required to sign a Non Disclosure Agreement (NDA) about the specifics of your exchange. Read it carefully before exchanging and take it seriously. If you break that agreement, they will confiscate all your monies.

It is my understanding that if you are married, you both must be present at your exchange and you both have to sign the NDA.

It is wise not to take anyone with you to your exchange. If you do they will have to sign an NDA just like you. If they break that NDA you will lose all your monies.

If your circumstances are such that it is difficult for you to go to your exchange they will make arrangements with the Military to take you there and bring you back home.

Remember, everything is tracked on the Quantum Computer. Your first exchange appointment is your last exchange appointment.

If you have questions ask them to the person on the other end of the line when you make your appointment.

One chance only to exchange, Seriously Savage on Telegram: “I have a friend who has been working with the Treasury (contractor.) He told me that we will get one bite of this apple – ONE. They are concerned about “double dipping.” They don’t want people to run to the bank, exchange, then go buy more currency and attempt it again. My friend is handling the database with currency holders. If you go to the bank to exchange before your appointment, the bank will take your contact information because they are required to inform the Treasury that you’ve exchanged – The Treasury will know. Your name and contact info will be marked as “already exchanged” and you will not be given a private appointment. That means if you also have bonds, you won’t be able to redeem them. You all can make your own decision, but it might behoove you to wait just in case this is what they’re doing.”

Read full post here:  https://dinarchronicles.com/2024/10/17/restored-republic-via-a-gcr-update-as-of-october-17-2024/

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

Frank26   The HCL is done.  It is completed.  Sudani got it.  It only waits for the new exchange rate like everything else.   The fact they keep talking...about it over and over again is because it is about to be given...The moment you  see the HCL, you will see your new exchange rate...

Mnt Goat  Iraq is going to experience a “redenomination” of their currency meaning to execute the process of swapping out larger three zero notes for newer...lower denominations ...when you take money out of circulation...You cause deflation, which is revaluing your currency or making it worth more. There is also all the other assets and variables involved that will FORCE the system to bring back the dinar to its nominal value, finally. They are...doing this redenomination...to “normalize” their currency back to their “normal” denominations, as before the sanctions took place. They will also need a “normalized” rate and not this current “suppressed" rate...

Will They Float the IQD? Parallel Market vs. Black Market

Edu Matrix:  10-16-2024

Will They Float the IQD? Parallel Market vs. Black Market Mybe they will float the Iraqi Dinar to be rid of the dual currency rate issues that have caused serious protest. In this video viewers learn the difference in Argentina's Parallel Market and Iraq's Black Market and how it can affect the economy.

https://www.youtube.com/watch?v=8Kk4Fah47t4

Jim Willie: Expectations For BRICS Summit, 'The Unit', & De-Dollarization

Arcadia Economics:  10-16-2024

In part 2 of our interview with Jim Willie he talks about what he believes is happening with the BRICS, their proposal for a partially gold-backed 'Unit,' and the current status of their de-dollarization plans.

 As always, Jim had plenty to say, and you'll want to click to watch this one now!

https://www.youtube.com/watch?v=iL8iYyadPrg

“Tidbits From TNT” Thursday Morning 10-17-2024

TNT:

Tishwash:  Washington: We support Iraq’s economic reform agenda, updating the budget and enhancing transparency 

The United States affirmed, today, Thursday, its commitment to supporting the economic reform agenda in Iraq, including updating the budget and enhancing transparency.

“I was pleased to meet with Finance Minister Taif Sami Mohammed,” said US Ambassador to Baghdad Alina Romanowski. “Economic diplomacy is a fundamental pillar of the comprehensive US-Iraq partnership.”

She added, "The US government is committed to supporting Iraq's economic reform agenda, including updating the budget and enhancing transparency."   link

Tishwash:  Al-Sudani: The government has regained the confidence of citizens

“There is no stopping in implementing projects and following up on them everywhere, and local governments are the second arm of the state after the ministries.” This is the approach that Prime Minister Mohammed Shia al-Sudani relied on, who confirmed that the important achievement that was made is that his government was able to restore the confidence of citizens, especially in the service aspect, pledging to continue this.

The Prime Minister visited Diyala Governorate yesterday, Wednesday, and opened the (Baghdad-Khalis Road) with a length of (60) km, round trip, and several other projects, while he announced a package of new projects.

Al-Sudani said during the visit: "Diyala represents a miniature Iraq with its national diversity and has made many sacrifices, and it is shameful to talk about infrastructure in the year (2024)." He explained that "following up on important projects through field visits to the governorates is an approach followed to determine the implementation rates and the most important problems and obstacles," stressing "the commitment to the principle of working in the spirit of one team between the federal government and local governments, which are the second executive arm of the government after the ministries."

The Prime Minister stressed that "the government has regained citizens' confidence, which is an important achievement that must continue, especially in the service sector," noting that "infrastructure projects are a priority for the government, and it is imperative to complete them, especially the stalled ones." He also announced "the formation of a committee that will begin its work next week to follow up on the outcomes of his visit to Diyala Governorate, and submit recommendations related to it to the Council of Ministers."

Al-Sudani directed the necessity of completing major service projects within their specified timeframes, appreciating the role of all workers in these projects that the government has placed among the priorities of its government program.   link

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Tishwash:  ILO: Iraqi government has developed programmes to help facilitate transition to formal economy

The International Labor Organization confirmed on Wednesday that the current government has developed programs and policies that help facilitate the transition to the formal economy, while indicating that informal work represents a crucial component despite its problems in economic activity.

The International Labor Organization's country coordinator, Maha Kattaa, said at the national conference on informal work and paths towards decent work in Iraq, which was followed by "Al-Eqtisad News", that "this conference addresses a very important and urgent issue, which is the issue of the informal economy and informal work," noting that "the informal economy refers to the group of economic activities carried out by workers and economic units that are not covered either in law or in practice by formal arrangements or may be covered sufficiently."

“Informal or irregular work is a complex, multifaceted phenomenon that includes a variety of activities, transactions and individuals who work outside formal businesses but sometimes also work within formal businesses,” she added, noting that “informal work represents a crucial but somewhat problematic component of economic activity while the informal sector can be a mechanism for addressing and alleviating poverty.”

She explained that "most of the poor work in the informal sector, so we should not look at this sector as unfair, but also as a sector that absorbs the poor and attracts individuals with low skills and low educational attainment. Therefore, the issue of looking at this sector is very important because it absorbs this number of workers."

The sector explained that "the problem lies in crises and shocks when they occur in any country, including the recent crisis with Corona. Those who were affected more than the workers are the workers in the informal sector because there was no mechanism to reach these workers. On the contrary, the workers who work in the organized sector have records that show where these workers are located."

She continued: “It was difficult to provide some services to workers in the informal sector, so we sometimes call them invisible workers, because it is really difficult to reach them, in addition to companies and institutions that operate in an informal manner, even in crises, there is a difficulty in how to reach these companies to help them in most countries, and during the Corona crisis, aid packages were provided to companies, but we did not reach companies and institutions if they were not regular.”

She pointed out that "informal work is not limited to Iraq, it exists all over the world, but the percentage of informal work or informal economy varies from one country to another," indicating that "the International Labor Organization adopted in 2015 a recommendation called the recommendation for the transition from the informal economy to the formal economy, and recommendation number 204 approved guiding policies for all countries that wish to complete the transition process to help them in this process."

She pointed out that "there can be flexibility to absorb shocks while enhancing the creation of decent job opportunities, and we must look at the Iraqi economy with the structure of the economy that relies heavily on oil and contributes significantly to exports, and that more than 90% of exports in Iraq come from oil, and the revenues that come from oil are what contribute to the government budget and also to the gross domestic product," noting that "the oil sector does not employ large numbers, so we notice that the gross domestic product comes from the resource, and the labor comes from another source."

She stated that "small, medium and large companies play a role in creating job opportunities in the construction, services and manufacturing sectors, which create job opportunities in Iraq," explaining that "women work more in the informal sector in most countries of the world, while in our Arab region, men work more in the informal sector for several reasons, the most important of which is that women in our Arab region and also in Iraq prefer to work either in the public sector or in the organized private sector, as job opportunities in the informal sector do not attract women. This issue is attributed to the advantages offered by the informal private sector, because it is an unprotected sector that does not provide decent job opportunities or social security. There is no protection for workers, so women are reluctant to enter the labor market, especially in the sectors."

“We commend the current government for taking major measures and procedures to facilitate the transition through new legislation, including the Social Security Law and the amendment of the Labor Law in 2015, all of which helped move forward with the transition process,” she added, “There are current material policies, plans and programs being implemented by the government, including the recently launched National Development Plan, work to update the private sector development strategy, the policy of regulating small projects and developing small and medium enterprises, and others. All of these programs and policies will also help facilitate the transition process.”  link

Mot.. As More and More Seasoned I Become 

Mot: Wise old Earl  

Seeds of Wisdom RV and Economic Updates Wednesday Evening 10-16-24

Good Evening Dinar Recaps,

RIPPLE AND INTERNATIONAL RESCUE COMMITTEE INNOVATE CASH RELIEF AND CROSS-BORDER AID WITH XRP LEDGER

▪️Ripple Labs has committed a multi-year $1 million aid to the IRC.
▪️The partnership will seek to leverage XRP Ledger and RLUSD in scaling aid delivery.

American blockchain payments firm Ripple Labs Inc. announced that it recently partnered with the International Rescue Committee (IRC). The partnership aims to explore how Ripple’s affiliated XRP Ledger (XRPL) and its pending RLUSD stablecoin can facilitate humanitarian aid.

Through the partnership, Ripple will help vulnerable communities access critical resources quickly and securely. While Ripple brings its full suite of payment solutions, IRC will contribute its years of experience in humanitarian relief.

Ripple Pledges Commitment to Community-Focused Initiatives
IRC is one of the world’s most trusted humanitarian organizations, assisting individuals affected by crises to survive, recover, and rebuild their lives. To support IRC’s humanitarian efforts, Ripple has pledged a $1 million multi-year commitment to help the organization.

This financing highlights their collaborative efforts to investigate blockchain technology in cross-border funds transfers and cash relief initiatives. The partnership also explores Ripple’s global payments network and open-sourced solutions created on XRP Ledger.

The partnership will see Ripple and IRC combine their expertise to transform aid delivery at scale. Ripple is already an established leader in compliant blockchain and cross-border payments. On the other hand, IRC has delivered humanitarian aid across over 40 countries, releasing over $70 million in cash and relief vouchers.

The partnership marks a key milestone in Ripple’s mission to leverage blockchain technology for positive global impact.

Eric van Miltenburg, SVP of Strategic Initiatives at Ripple, commented;

We look forward to learning from the IRC’s deep experience in delivering aid on the ground, which will help Ripple support humanitarian efforts at scale.

David Miliband, President and CEO of the International Rescue Committee, added, “We’re excited to partner with Ripple to explore how their technology, like stablecoins, can enhance the speed and efficiency of cash relief, particularly in regions with limited access to traditional banking infrastructure in times of crisis.”

Ripple Labs Contribution to Charity
In a recent report, the United Nations (UN) revealed 360 million people require aid amid growing global crises. Thus, the recent collaboration aims to explore Ripple’s blockchain-based solutions to enhance the speed, security, and accessibility of aid delivery. This partnership comes shortly after the United Nations Capital Development Fund (UNCDF) endorsed Ripple as a key player in a new global payments network.

It is worth noting that Ripple has supported numerous humanitarian organizations in expanding financial inclusion through its Impact program. This program supports initiatives to drive a more sustainable and economically inclusive financial system.

Ripple has donated $170 million since 2018, and its NGO partners currently operate in more than 80 countries. Moreover, the firm recently contributed $250,000 to Hurricanes Milton and Helene’s relief efforts. These contributions underscore the firm’s commitment to community-focused initiatives.

@ Newshounds News™

Source:  Crypto News Flash 

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MOONPAY PARTNERS WITH RIPPLE FOR SEAMLESS XRP BUYING AND STORAGE IN-APP

MoonPay recently announced a partnership with Ripple, allowing users to buy, manage, and store XRP directly through the MoonPay app. This integration also marks the launch of RLUSD, Ripple’s dollar-pegged stablecoin, which Ripple Labs developed in collaboration with platforms like Uphold, Bitstamp, Bitso, Independent Reserve, CoinMENA, and Bullish.

MoonPay wrote on X, “In partnership with  @Ripple , you can now buy, store, and manage your $XRP directly within your MoonPay account.  Whether you’re a new recruit or a loyal soldier, welcome home.”

In an interview with The Paul Barron Network, MoonPay CEO Ivan Soto-Wright stressed MoonPay’s dedication to simplifying crypto adoption by reducing the friction involved in onboarding new users. The primary goal is to make crypto wallets as accessible and user-friendly as traditional bank accounts.

MoonPay aims to offer a seamless experience for users, allowing them to easily move funds into their wallets with minimal hassle.

One of MoonPay’s innovations is a “one-tap” process, especially for returning customers who have already completed the Know Your Customer (KYC) process. Although onboarding might involve initial steps like KYC and biometric ID verification, this process streamlines future transactions.

Soto-Wright compares this approach to the early days of PayPal, which was initially challenging but evolved into a highly trusted platform. MoonPay’s streamlined experience seeks to bring similar ease and trust to the crypto ecosystem, preparing it for broader adoption by 2025.

He added that 2024 has been a breakthrough year for MoonPay’s product development. “We essentially revamped all our existing products, rebuilding them from scratch to ensure a top-notch user experience,” he explained. The goal was to create a seamless and polished interface, much like Apple Pay, to make the platform intuitive and free of glitches.

@ Newshounds News™

Source:  CoinPedia   

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ESMA PUSHES FOR STRICTER CRYPTO REGULATION, PROPOSING MANDATORY CYBER AUDITS

ESMA urges tighter crypto regulation, proposing external cybersecurity audits amid rising cyberattacks.

The European Securities and Markets Authority (ESMA) urged lawmakers in Brussels to tighten crypto regulation, pushing for external audits of cyber defenses among crypto companies.

ESMA stated that such measures were critical to safeguarding consumer interests, as cyberattacks on the crypto industry have risen dramatically in recent years.

ESMA Seeks EU Crypto Regulation And Call for Cybersecurity Audits
According to an exclusive Wednesday report from the Financial Times, ESMA’s proposal seeks to amend the Markets in Crypto-Assets Regulation (MiCA), the European Union’s (EU) comprehensive crypto regulatory framework, which is set to fully take effect in December 2024.

MiCA intends to bring clarity and protection to the largely unregulated crypto sector. The sector has been plagued by several scandals, most notably the infamous collapse of the FTX exchange.

As part of its recommendations, ESMA has proposed that crypto companies be required to conduct third-party audits of their systems to identify potential vulnerabilities.

These heightened concerns arise as the proposal comes at a time when regulators are increasingly worried about the sector’s growing susceptibility to cyberattacks.

In the first half of 2024, over $1.5 billion was stolen from crypto platforms. This represents an 84% increase over the same period in 2023, highlighting the urgency for cybersecurity reforms.

However, the European Commission has pushed back against ESMA’s proposal, suggesting that it oversteps the scope of MiCA.

While ESMA declined to comment, critics argue that stricter rules are necessary given the escalating threat of cyberattacks targeting crypto companies.

In recent years, several high-profile crypto hacks have occurred. In September, $45 million was stolen from the Singapore-based exchange BingX, while $230 million was drained from Indian exchange WazirX in July.

Such incidents further highlight the ongoing demand for stronger security protocols across the crypto industry.

“Security is not something you can take lightly,” commented Charles Kerrigan, a partner at CMS law firm.

He emphasized the need for crypto ventures to invest in robust cybersecurity measures to prevent such breaches.

Global Regulatory Pressure Builds Amid Regulation Concerns
The EU’s MiCA regulation already requires crypto companies to obtain a license by complying with new rules, including anti-money laundering controls and ensuring senior executives meet “fit and proper” standards.

But as crypto exchanges continue to fall victim to sophisticated cyberattacks, regulators are now calling for more proactive measures.

In addition to ESMA’s push for stricter cybersecurity oversight, the European Parliamentary Research Service (EPRS) recently called for greater regulation beyond EU borders.

The EPRS report emphasized the risks posed by lax cybersecurity measures in non-EU jurisdictions, particularly in the U.S., where crypto regulation is highly fragmented.

As MiCA moves closer to full implementation, it is still unclear whether the EU will adopt ESMA’s recommendations for mandatory external audits.

The call for enhanced security standards aligns with ongoing efforts worldwide to increase regulation of the cryptocurrency industry.

@ Newshounds News™

Source:  Crypto News 

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AUDIO REPLAY BOB LOCK: OCT 16, 2024 | Youtube

Bob Lock discusses his new book, "Managing sudden wealth through smart team building" as well as what the future might bring with a new financial system and ways to protect yourself with a possible stock market crash and/or bank failure.

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

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Thank you Dinar Recaps

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 10-16-24

Good Afternoon Dinar Recaps,

US CONGRESSMAN BYRON DONALDS PROPOSES CRYPTO REGULATORY SANDBOX

U.S. Rep. Byron Donalds champions regulatory flexibility for cryptocurrency, endorsing a sandbox approach to foster industry growth.

▪️Byron Donalds proposes a regulatory sandbox for crypto, aiming to transform it into a $500B U.S. industry.
▪️Donald Trump's campaign raises $7.5M in crypto donations, signaling a pro-crypto stance for the 2024 election.
▪️U.S. Rep Donalds criticizes Dems' crypto regulation approach as politically motivated amid electoral battles.

In a recent conversation with KMSmithDC, U.S. Congressman Byron Donalds stressed the importance of developing a regulatory sandbox for the crypto industry. Donalds described the industry as a “toddler” that is still young but has a possibility of growing.

He pointed out that the cryptocurrency market has the potential to become a half a trillion dollar industry in the US if there are favorable regulations put in place.

Byron Donalds Advocates for Regulatory Flexibility
Byron Donalds emphasized that the use of a more flexible approach to the regulation of the rapidly developing crypto industry is crucial. He noted that the present model adopted by most regulatory bodies, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), is too rigid.

According to US Congressman Donalds, a more adaptive system, like a regulatory sandbox, would allow industry participants to set guidelines as they innovate.

”What the industry really needs is a regulatory sandbox”, Donalds said. “You guys make the rules because the industry is going to change so fast over the next five years.” He pointed out that the current regulatory authorities are “not very innovative enough” to match the advancement of technology hence the need for a shift in the system.

Donald Trump Campaign’s Support for Crypto
US Congressman Donalds, an avid supporter of Donald Trump’s 2024 presidential campaign, also discussed how the Trump campaign has adopted cryptocurrency. Moreover, the PAC supporting Trump has allegedly collected $7.5 million in cryptocurrency contributions during July-September 2024.

These donations in BTC, ETH, XRP, and USD stablecoins reveal that Trump has changed his view about digital currencies. Additionally, the prediction market platform, Polymarket, has given a 59.5% chance of Donald Trump to win the U.S election while 40.3% chance of Kamala Harris.

This is quite a change from Trump’s previous stance on cryptocurrencies during his tenure as president. The fundraising success, garnered from more than 15 US states and Puerto Rico, places Trump as the candidate favorable to cryptocurrencies as the November 2024 elections approach.

In the conversation, Byron Donalds accused the Democratic leadership of not taking the regulation of cryptocurrencies seriously. He also dismissed recent remarks by Democratic politicians, including VP Kamala Harris and Senator Sherrod Brown, on digital assets regulation.

Donalds said that, although some Democrats have lately discussed the need for frameworks, such statements are political. “Vice President Harris is saying it now because there are some issues in her polling,” he said. He also pointed out that the criticism coming from Sherrod Brown could have to do with him being in a tight race in Ohio.

Trump’s Plan to Overhaul Regulatory Agencies
According to the US Congressman Donalds, a potential Trump administration would aim at “cleaning house” in major regulatory bodies such as the US SEC and CFTC. In these talkings, there has been a rumour that Robinhood CLO, Dan Gallagher, may become the new US SEC Chair under the leadership of Donald Trump.

He believes that regulators should focus solely on their assigned missions rather than expanding their roles. “It’s about making sure that regulators simply do the job of carrying out the mission that the agency was given,” Byron Donalds stated.

He reiterated his belief that current regulatory bodies are falling behind in adapting to the fast-paced developments in the crypto industry. According to Donalds, if Trump wins the presidency, the administration will aim to ensure that these agencies better align with the needs of a rapidly evolving digital economy.

@ Newshounds News™

Source:  CoinGape

~~~~~~~~~

SIAM COMMERCIAL BANK LAUNCHES THAILAND’S FIRST STABLECOIN CROSS-BORDER PAYMENT SYSTEM

Siam Commercial Bank has introduced Thailand’s first stablecoin-powered cross-border payment system.

Partnering with SCB 10X and Lightnet, the bank will use stablecoins—digital assets pegged to gold or the U.S. dollar—to facilitate faster, more efficient international transactions, according to a company release.

This solution is built on a public blockchain network, with Fireblocks providing top-tier custody technology to ensure asset security. The new payment system enables 24/7 cross-border transactions, reducing the need for banks to maintain pre-funded accounts with foreign partners, which improves capital efficiency and lowers operational costs.

By eliminating layers of clearance and currency conversion, the service offers customers a faster, cost-effective way to send and receive funds internationally, per Nikkei. Users can transact using local currencies, further simplifying the process.

Thailand’s regulatory sandbox
In August, Thai financial regulators launched a Digital Asset Regulatory Sandbox to encourage crypto adoption in the country. The initiative, backed by a public hearing in May, allowed participants to test crypto services under flexible regulations to help develop Thailand’s digital asset market.

This SCB stablecoin project successfully graduated from the Bank of Thailand’s regulatory sandbox in October 2024, according to the release, and is now fully commercialized. It sets a new standard for the use of blockchain technology in the financial sector and strengthens SCB’s position as a leader in digital banking.

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

AUDIO REPLAY BOB LOCK: OCT 16, 2024 | Youtube

Bob Lock discusses his new book, "Managing sudden wealth through smart team building" as well as what the future might bring with a new financial system and ways to protect yourself with a possible stock market crash and/or bank failure.

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

More News, Rumors and Opinions Wed. Afternoon 10-16-2024

KTFA:

Clare:  Iraq Increases Reserves at IMF by 50%

15th October 2024  By John Lee.

A meeting of the Iraqi Cabinet this evening approved an increase in Iraq's quota at the International Monetary Fund (IMF) by 831.9 million Special Drawing Rights (SDR), equivalent to 1.45 trillion Iraqi dinars [$1.1 billion] based on the exchange rate as of October 8, 2024.

This 50-percet increase in Iraq's previous quota will enhance the country's voting power within the IMF.

The additional allocation will be included in the 2025 budget.

The IMF created SDRs as an international reserve asset to supplement member countries' official reserves; they are not a currency, but rather a claim on freely usable currencies of IMF member countries. They serve as a potential source of liquidity for IMF member nations.

SDRs represent a weighted basket of major international currencies, and can he held as part of a country's foreign exchange reserves. Adding SDRs to a country's international reserves makes it more resilient financially.   LINK

Alicia2015:  Monday is the BRICS summit (22nd - 24th) with word of an introduction to a future cross border currency (the UNIT) backed by 40% gold 60% commodities. We live in interesting times- IMO

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Clare:  The College of Administration and Economics at the University of Mosul holds its international scientific conference on “Development and financial and economic stability to restore confidence in the Iraqi dinar”

14 October، 2024

Under the patronage of His Excellency the Minister of Higher Education and Scientific Research, Dr. Naim Al-Aboudi, and under the supervision of Prof. Dr. Qusai Kamal Al-Din Al-Ahmadi, President of the University of Mosul, and under the follow-up of the Dean of the College of Administration and Economics, Prof. Dr. Thaeir Ahmed Saadoon Al-Samman, and in cooperation with the Nineveh Future Center for Strategic Studies, the College of Administration and Economics, Department of Banking and Financial Sciences, held in the hall of the University’s Grand Theater on Monday, 14/10/2024 at 10 am its international scientific conference tagged “Development and financial and economic stability to restore confidence in the dinar Iraqi ”

His work lasts for two consecutive days …The opening ceremony of the conference was attended by the respected Governor of Nineveh, Professor Abdul Qader Al-Dakhil, the Chairman of the Parliamentary Education Committee, Prof. Muzahim Al-Khayyat, the Assistant Chairman of the Parliamentary Energy Committee, Mr. Mansour Al-Maraid, the representative of the Nineveh Operations Commander, the representative of the Nineveh Police Commander and the President of the University and the assistants of the President of the University of Mosul for Scientific Administrative Affairs, the Dean of the College, members of the University Council, personalities from the city and a number of faculty and students of the college and the university.

The opening of the conference began with a recitation of verses from the Holy Quran, followed by Prof. Dr. Ali Abdul Sattar Al-Hafiz, followed by the reading of Surat Al-Fatihah on the souls of the martyrs of Iraq, then playing the national anthem, then a speech by the respected Governor of Nineveh, in which he talked about the importance of development and economy in order to restore confidence in the Iraqi currency and about the reconstruction revolution in the province, which was accompanied by the process of reconstruction of Iraqi universities, especially the University of Mosul

Followed by a speech by the Chairman of the Parliamentary Education Committee and a speech by Mr. The Dean of the Faculty welcomed the attendees, as he spoke about the importance of supporting the national economy and the need to support it, the recovery of trade, the fight against corruption and the implementation of the decisions of the monetary authority, then a speech by the Director of the Nineveh Future Center for Strategic Studies in Mosul, the consultant engineer Nabil Al-Youzbeki

Then the start of the work of the conference axes, the first session chaired by Dr. Ahmed Younis Al-Sabawi for the first speaker was Prof. Dr. Dariusz Zarzecki in Financial Management at the University of Zsczecin in Poland, followed by the distribution of shields and certificates to the organizers, supporters of the conference and members of the committees.

The themes of the conference touched on enhancing the challenges and opportunities related to financial and economic stability in Iraq, and working to develop effective strategies to restore confidence in the Iraqi dinar and promote sustainable development.

The conference aimed to highlight the role of economic policies in achieving stability and restoring confidence in the Iraqi dinar, discussing the main challenges affecting the stability of the Iraqi dinar, proposing possible solutions, building cooperation networks based on effective strategies to promote economic development in Iraq, and exchanging knowledge and experiences on strategies to improve economic development in Iraq.  LINK

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

Frank26   Concerning the CBI announcing to you Iraqi citizens that they are activating the banking reforms...That means they are activating the monetary reform.  They're going to give you your new lower notes.  They are going to give you your new exchange rate.  They're going to give you the keys to the ATM...  You are now going to be receiving your purchasing power not only through the new exchange rate but via the HCL and the jobs the economic reform is about to produce.

Fnu Lnu  Reminder...Redemption centers ARE BANKS.  They are bank offices designed to be off premises for the purpose of validating and verifying the IQD and accrediting your bank account with the exchange amount deposit. They are banks and you WILL NOT get better rates at a BANK EXCHANGE CENTER.   It is AGAINST the LAW to sell a financial instrument for different prices at different places. It is called "THE RULE OF ONE PRICE"...There are laws and they will be followed.

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Reality to Hit as Historic Bubble Bursts with Michael Oliver

WTFinance:  10-16-2024

This interview was from a WTFinance podcast with Michael Oliver. Michael is a regular guest who is the founder of Momentum Structural Analysis. During our conversation we spoke about how the US is currently the largest market, why the FED won't be able to save it, precious metals and gold, whether silver will outperform this time, a debt crisis and more. I hope you enjoy!

0:00 – Introduction

 0:16 - Hell in markets still on the cards in 2024?

4:20 - FED saved the day?

6:40 - Silver to outperform?

 8:35 - Extended bond bear market?

11:50 - Flash crashes incoming?

15:30 - Trends keep increasing

18:20 - What is happening in China?

20:25 - Debt crisis?

25:16 - Commodity super cycle?

27:00 - Where does gold and commodities go?

 31:10 - Miners to perform?

34:35 - One message to takeaway from conversation?

https://www.youtube.com/watch?v=gc2v3o2fjw8

Awake-In-3D: Trade Wars and Sanctions Now Setting Us Up for the Biggest Collapse in History

Trade Wars and Sanctions Now Setting Us Up for the Biggest Collapse in History

Awake-In-3D   October 9, 2024

Are we repeating the mistakes that led to the Great Depression and World War II?

This article explains how past economic disasters, like what happened in Germany after World War I, can help us understand what’s happening in the world today. By looking at how trade issues, financial penalties, and economic crises led to radical political changes back then, we can see similarities with today’s global economy.

The purpose is to show how history is repeating itself and why we may be heading toward the biggest financial collapse in human history if things continue the way they are.

The study of past economic collapses offers invaluable insights into the forces that drive economies toward disaster. The rise of fascism and Adolf Hitler’s ascent in Germany is a powerful case study, showing how trade disputes, economic sanctions, and financial instability can shape world events.

If we don’t learn from this history, we risk repeating it—and many signs suggest that we are on the brink of another unprecedented financial crisis.

US President Joe Biden recently announced a significant rise in tariffs for Chinese imports, including electric vehicles (EVs) and solar panels. One of the most significant steps is the decision to raise duties on Chinese electric vehicles to 100 percent.

The Role of Economic Sanctions and Trade Disputes in Historical Collapses

Economic sanctions, trade disputes, and punitive measures have long been used to isolate nations. In post-World War I Germany, these tools played a direct role in driving the country to financial ruin.

The Treaty of Versailles demanded massive reparations from Germany, strangling its economy and blocking any real recovery. The inability to trade internationally compounded the problem, leaving Germany cut off from vital markets and resources.

As economic isolation intensified, inflation spiraled out of control, wiping out savings and deepening poverty. Germans faced severe unemployment and social unrest, making them receptive to extremist ideologies.

Hitler seized on these conditions, using the widespread economic misery to gain support. The lesson here is clear: economic collapse can open the door to radicalism, and today’s growing trade wars and sanctions could create similar conditions.

How the Treaty of Versailles Enabled Radicalism in Germany

The Treaty of Versailles humiliated Germany economically, with reparations and territorial losses that crippled the nation’s ability to function. In the years following World War I, Germans watched their currency become worthless.

Children playing with worthless German currency and a cart full of marks could not buy a daily meal in 1930

By the time the Great Depression hit in 1929, Germany was relying on foreign loans—especially from the U.S.—to stabilize its economy. When those loans dried up, Germany’s economy collapsed once again.

The collapse of international trade and financial support left Germany in an even worse position. Mass unemployment and desperation became the norm. In this climate, Hitler’s Nazi Party rose, offering promises to rebuild the economy, restore pride, and make Germany powerful again.

This is eerily similar to the struggles many countries face today, where economic hardship is driving people to seek out extreme solutions and political figures who promise to fix everything.

Parallels Between the Great Depression and Today’s Financial Risks

The Great Depression serves as an important reminder of how quickly global economies can unravel. When the U.S. stock market crashed in 1929, it triggered a worldwide financial collapse.

After 2,000 jobs were made available for park improvements, about 5,000 unemployed people gathered outside City Hall in Cleveland, Ohio, in 1930 during the Great Depression. (AP Photo)

Countries like Germany, already weakened by debt and trade restrictions, plunged into a deeper crisis. Protectionist policies and tariff wars, like the U.S. Smoot-Hawley Tariff, only worsened the situation by choking off global trade.

Fast forward to today, and we see similar warning signs. Global tensions, trade wars, and massive debt levels are putting immense pressure on economies. Inflation is surging, supply chains are breaking down, and many people are struggling to make ends meet.

Just as in the 1930s, these financial pressures are creating a fertile environment for social and political unrest. Many fear that the world is again teetering on the edge of a catastrophic economic collapse.

What History Teaches Us About the Coming Financial Disaster

The history of economic crises shows us that they often follow predictable patterns. Trade disputes, financial isolation, and economic sanctions create the conditions for collapse.

Germany in the 1930s offers a blueprint for what can happen when economic pressure drives a society to desperation. And today’s world looks dangerously similar.

Countries around the globe are facing rising inflation, trade conflicts, and unsustainable levels of debt. The gaps between the wealthy and the poor are widening, and the middle class is being squeezed.

As in the past, when economic conditions deteriorate, people begin searching for drastic solutions, often turning to radical movements or leaders who offer simple answers to complex problems. If the current trends continue, the world could be headed for the greatest financial disaster in history.

The Bottom Line

The economic collapse of post-World War I Germany and the Great Depression offer crucial lessons for understanding the looming financial disaster we face today.

Rising trade tensions, economic sanctions, and the strain on global economies all point to a similar outcome. If we don’t understand the past, we risk repeating it—and this time, the stakes are even higher.

Prepare for the worst, because the next global collapse may be unlike anything the world has ever seen.

=======================================

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews

Follow me on Twitter: @Real_AwakeIn3D

Seeds of Wisdom RV and Economic Updates Wednesday Morning 10-16-24

Good Morning Dinar Recaps,

RIPPLE’S XRP LAWSUIT ENTERS NEW CHAPTER AS BOTH PARTIES FILE APPEALS

The SEC and Ripple are entering the appeals phase of their XRP lawsuit, with both parties preparing to challenge aspects of the initial ruling in a process that could extend into early 2026

▪️SEC appealing Judge Torres’ ruling in Ripple case
▪️Ripple filed cross-appeal on institutional sales decision
▪️Next step: SEC to file Form C detailing appeal scope
▪️Briefing process could last until July 2025
▪️Final appellate court decision possible in early 2026

The Securities and Exchange Commission (SEC) and Ripple Labs are gearing up for the next phase of their legal battle over XRP, as both parties have filed notices to appeal different aspects of Judge Analisa Torres’ ruling from July 2024.

The case, which has significant implications for the cryptocurrency industry, is now moving to the U.S. Court of Appeals for the Second Circuit.

Stuart Alderoty, Ripple’s Chief Legal Officer, expressed confidence in the company’s position as the case moves forward. “I felt good about our case in the Southern District of New York. I feel even better about our case in the Second Circuit,” Alderoty stated in a recent interview.

He believes the SEC’s appeal will ultimately “backfire” and benefit the crypto industry as a whole.

The appeals process is set to begin with both parties filing Form C documents, which will outline the specific aspects of Judge Torres’ ruling they intend to challenge. The SEC is due to file its Form C on October 16, 2024, with Ripple following suit seven days later. These filings will provide clarity on the focus of each party’s appeal.

Following the Form C submissions, a briefing schedule will be established. The SEC will have 90 days to submit its comprehensive legal argument explaining why it believes Judge Torres erred in her decision. Ripple will then have the opportunity to respond to the SEC’s arguments and file its own opening cross-appeal brief.

Alderoty estimates that the briefing process could extend until July 2025, approximately nine months from now. This timeline suggests that a final decision from the appellate court might not come until early 2026, unless the parties reach an agreement to end the legal dispute sooner.

The case has drawn significant attention due to its potential to set precedent for how securities laws are applied to token issuers, particularly within the Southern District of New York, a major financial hub. Judge Torres’ initial ruling found that XRP is “not necessarily a security on its face,” a decision that has been met with both support and skepticism from other judges in similar cases.

While Ripple celebrated aspects of Judge Torres’ ruling, the company was ordered to pay a $125 million fine over XRP transactions that were found to have violated securities laws. The SEC had initially sought a much larger penalty of $2 billion.

As the case moves to the appellate level, both parties are preparing to argue their positions. The SEC maintains that Judge Torres’ ruling “conflicts with decades of Supreme Court precedent and securities laws.”

Ripple, on the other hand, plans to argue that for a digital asset to be considered an investment contract, a contract with rights and obligations is necessary.

@ Newshounds News™

Source:  Blockonomi

~~~~~~~~~

MICA-COMPLIANT STABLECOINS TAKE MARKET SHARE OF EURO-STABLECOIN SECTOR: KAIKO RESEARCH

Since the implementation of select provisions of the EU’s Markets in Crypto-Assets (MiCA) regulations in June, MiCA-compliant stablecoins, such as Circle’s EURC and Société Générale’s EURCV, have dominated the euro-stablecoin market, according to a Kaiko Research report.

Circle’s EURC and Société Générale’s EURCV now hold a record 67% market share of the euro-stablecoin market, the report added.

@ Newshounds News™

Read more:  The Block 

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ITALY PLANS TO RAISE CAPITAL GAINS TAX ON BITCOIN FROM 26% TO 42%: REPORT

The Italian tax authority plans to raise capital gains tax on bitcoin to 42% as part of 2025 budget plans.

Crypto capital gains in Italy have been taxed above €2,000 at 26% from the 2023 tax year.

@ Newshounds News™

Read More:   The Block

  ~~~~~~~~~

RIPPLE PRESIDENT UNVEILS PLANS TO INTEGRATE XRP AND RLUSD INTO PAYMENT SOLUTIONS

▪️Ripple, the company behind cross-border solutions has gained attention from market observers after an announcement of the RLUSD launch.

▪️Ripple is committed to ensuring transparency for both investors and users by releasing monthly reports from independent third parties that verify the reserves backing RLUSD.

On October 15, Ripple’s president Monica Long announced the entry of Ripple into the rapidly expanding stablecoin market, a launch of its new enterprise-grade stablecoin called “Ripple USD”(RLUSD). On the social media platform X, Ripple also announced the development of RLUSD, prompting reactions from notable Monica Long and other figures in the cryptocurrency community.

The president disclosed this on the first day of the Miami Ripple Swell 2024 conference. Once the New York Department of Financial Services (NYDFS) approves the stablecoin’s launch, RLUSD will be accessible on several platforms, including Bitstamp, a European cryptocurrency exchange founded in 2011, The Independent Reserve, Bitso, MoonPay, CoinMENA, Bullish, and Uphold.

Additionally, the firm partnered with B2C2, a global leader in institutional liquidity for digital assets, and Keyrock as market makers to facilitate the creation of liquidity and adoption across global markets. It is worth noting that the former Center Consortium CEO David Puth and Former FDIC Chair Sheila Bair are appointed to the RLUSD advisory board.

Ripple’s RLUSD: Highlighted Features
One of the key features of RLUSD is its compliance-first approach. Ripple emphasizes regulatory adherence in the design of the stablecoin, with plans to publish monthly attestations of its reserves by an independent accounting firm. This is particularly relevant as Ripple has navigated complex legal challenges, including an ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC).

The introduction of RLUSD is seen as a strategic move to bolster Ripple’s position in the market. The stablecoin aims to provide solutions for cross-border payments, on and off-ramps for cryptocurrency exchanges, DeFi, and real-world asset (RWA) tokenization.

Ripple’s CEO, Brad Garlinghous stated that the stablecoin will first be launched on the XRP Ledger and Ethereum networks, enabling real-time transactions and the conversion between fiat and digital currencies.

RLUSD is designed to connect traditional finance with the digital world, offering a secure way for users to trade in and out of cryptocurrency markets without the stress of price fluctuations. It also aims to encourage quicker adoption of digital currencies by creating an entry point into the blockchain ecosystem.

Ripple’s advisory board members have highlighted the critical need for stability and compliance as the digital economy evolves. Sheila Bair  remarked that “stablecoins will play a key role in modernizing financial infrastructure.”

As per our data, Ripple’s trading volume has increased by 7.80% over the last 24 hours with a market cap of $ 30.78 billion. Despite its 0.39% price drop in the last 24 hours, XRP is currently trading at  $0.5453.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

🌍 BOB LOCK CALL WED. NOON CENTRAL - PODCAST CALL TELEGRAM ROOM.  |  Youtube

LIVE CALL WITH BOB LOCK WEDNESDAY, OCTOBER 16TH AT 1 PM ET, NOON CT

Join Call: https://t.me/+VAm-AlWWqWPzyK8G 

Bob Lock Mug: https://t.me/c/1522565332/4802

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

News, Rumors and Opinions Wednesday AM 10-16-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 16 Oct. 2024

Compiled Wed. 16 Oct. 2024 12:01 am EST by Judy Byington

Mon. 13 Oct. 2024: It’s a Global Currency Reset! BRICS has struck a deal to settle international trade in sovereign nation’s gold/asset-backed currencies that takes a direct shot at dominance of the US dollar. https://www.cryptopolitan.com/brics-seals-deal-for-international-trade-settlements-in-national-currencies/

Global Currency Reset:

Tues. 15 Oct. 2024 Bruce:

Redemption Centers in six different states were affected by the Hurricanes so some weren’t able to respond to the emails that went out on Monday. They went out on time and they are still trying to fix the servers for those few Redemption Centers that didn’t respond.

We could get notified tomorrow and if so, we could start on Thurs. 17 Oct.

Our emails will come from Wells Fargo servers

The Bond Holders are supposed to be notified on Wed. and get access to their funds on Thurs. 17 Oct.

R&R funds are already (allegedly)in your Quantum Account.

Iraqi contractors were to be paid on Wed. 16 Oct. when the new Iraqi Dinar rate is on the bank screens.

~~~~~~~~~~~

Tues. 15 Oct. 2024 Wolverine: “I can assure you that things are happening this week. There is a lot of movement in Reno. Whales are traveling to Reno. A friend got paid. I heard from Zurich that we are going to be paid this week.”

Tues. 15 Oct. 2024 TNT: “There’s a new date and time. I’ll explain tomorrow.”

Tues. 15 Oct. 2024 Anon: “Blockchain went live on Monday (allegedly). They have (allegedly). moved from the SWIFT System to the new Quantum Financial System. That means 200 countries and 11,000 institutions are (allegedly). live on the system. Expect some downtime with banks and ATMs not accessible.

Tues. 15 Oct. 2024 Anon: SSI (Social Security Disability recipients) will (allegedly). receive two checks in November.

Tues. 15 Oct. 2024 Anon: “I received some preliminary information last evening that I couldn’t confirm, then today I was included on an international call from several countries all over the world including US cities of NYC, Reno, Mia, plus Zurich, Hong Kong, and Iraq. The sum and substance of this call was all the in country banking and money reorganization that was to be introduced to the citizens this week and the CBI wanted this nation to announce our new currency in conjunction with them but if not then the CBI and Iraq would RV on their own. Announcement dates are either Monday or Tuesday with effective date to be Wednesday of this coming week. Per several on the call all requirements such as FOREX have been satisfied. Please remember I am just a messenger but they sounded very confident of this info.”

Tues. 15 Oct. 2024 Mike Bara: The Bondholder’s team was told they would be “contacted” about the funds process in the “midnight-to-midnight” window. Turns out they were. They have now been told that funds are good to release starting tomorrow Wed. 16 Oct. 2024. I know the time but can’t say it.

Wed. 16 Oct. is designated as an official celebration Day for Iraq and the day they will (allegedly). pay their contractors in the new Dinar Rate.

~~~~~~~~~~

ON OCTOBER 24 AND 25, every phone on the planet will be hit with a loud, unmistakable alert signal. This will come directly from Star Link satellites, bypassing media channels.

The Earth Alliance, Star Link, and military are ready to execute the final phase. The old world is crumbling, and a new era of freedom is beginning. For years, the Earth Alliance has been preparing, quietly building a secure network of satellites that will make this possible.

The Deep State’s financial institutions will collapse. The Quantum Financial System (QFS) will replace the current system, marking the greatest wealth transfer in history. Banks, stock markets, and fiat currencies will be obliterated, replaced by a fair system that serves the people.

Read full post here:  https://dinarchronicles.com/2024/10/16/restored-republic-via-a-gcr-update-as-of-october-16-2024/

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

RayRen98  [reference RayRen98 post 10-15-2024] ...OTHER SOURCES ARE "TALKING" ABOUT A DEADLINE DATE AS WELL... BANK FOLKS ARE TALKING, 3 LETTERS ARE TALKING...IT'S A BEAUTIFUL THING!!!...   Question:  "are the sources in agreement as far as the deadline date is concerned?"  YES...  TIME WILL TELL...THE CLOCK IS TICKING...

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:The November census starts on the 20th  and the 21st, Wednesday and Thursday we will be in curfew...They say will be a 4-day holiday.

Walkingstick  [Iraqi bank friend in U.S. Aki update] The next pay period [for Iraqi government salaries] that will follow up after this one will be based on the new exchange rate and so will the HCL payment to the citizens.  Both their back pay and the HCL will be presented to the citizens at the same time, not on separate events.  Do not look for purchasing power yet.

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Jim Willie: "They're Selling A Lot Of Treasuries & Buying Gold"

Arcadia Economics:  10-16-2024

As the BRICS meeting and the US elections rapidly approach, while the wars and geopolitical tensions continue to escalate, it's not exactly the most stable time in the world.

Although fortunately to dig into the latest events, including the series of hurricanes that have caused great damage to the affected areas, and FEMA's response, as well as Jerome Powell's aggressive rate cut while he simultaneously claimed that he doesn't see any weakness in the economy,

Dr. Jim Willie of The Hat Trick Letter joins me on the show to discuss all of that and more. As is often the case, Jim had plenty to say about the financial markets, and he shares his latest update regarding the deteriorating situation in the US treasury, and also the gold and silver markets.

So to hear the latest from Dr. Jim Willie, click to watch the video now!

https://www.youtube.com/watch?v=Za3VnJWdy8k

“Tidbits From TNT” Wednesday Morning 10-16-2024

TNT:

Tishwash:  Foreign Minister begins European tour lasting several days and opens two Iraqi embassies

Foreign Minister Fuad Hussein begins a European tour today, Wednesday, that will last for days and witness the opening of two Iraqi embassies.

 Hussein said in a press statement that the tour "begins with a visit to Ireland and ends with a visit to France, passing through the Czech Republic and Croatia to meet with senior officials there," indicating that "this tour aims to strengthen our bilateral relations."

"We will participate in a number of seminars and conferences," he added.

Hussein pointed out that "during his tour, he will open the Iraqi embassies in Dublin and Zagreb." link

Tishwash:  Iraq Increases Reserves at IMF by 50%

 A meeting of the Iraqi Cabinet this evening approved an increase in Iraq's quota at the International Monetary Fund (IMF) by 831.9 million Special Drawing Rights (SDR), equivalent to 1.45 trillion Iraqi dinars [$1.1 billion] based on the exchange rate as of October 8, 2024.

This 50-percet increase in Iraq's previous quota will enhance the country's voting power within the IMF.

The additional allocation will be included in the 2025 budget.

The IMF created SDRs as an international reserve asset to supplement member countries' official reserves; they are not a currency, but rather a claim on freely usable currencies of IMF member countries. They serve as a potential source of liquidity for IMF member nations.

SDRs represent a weighted basket of major international currencies, and can he held as part of a country's foreign exchange reserves. Adding SDRs to a country's international reserves makes it more resilient financially. link

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Tishwash:  Opening of the first center for testing and marking imported gold at Baghdad Airport

The Ministry of Planning opened, today, Tuesday, the first center for examining and marking imported gold jewelry at Baghdad International Airport.

The head of the Central Organization for Standardization and Quality Control, Fayyad Muhammad Abdul, said in a statement received by {Euphrates News} a copy of it, that: “The opening of this center came in implementation of the directives of Prime Minister Muhammad Shia al-Sudani and under the direct supervision and continuous follow-up of the Minister of Planning,” indicating that “it is one of four centers in Iraqi airports to examine and mark gold jewelry imported into Iraq by Iraqi merchants.”

He added, "The Central Organization for Standardization and Quality Control, the Central Bank of Iraq, the Anti-Money Laundering and Terrorism Financing Office, and the Ministry of Trade now have a single database (electronic platform) to know the movement of gold in Iraq," noting that "the opening of the gold testing and marking center at Baghdad Airport was preceded by the opening of a similar center at Najaf Airport, then at Basra Airport, and then its opening at Kirkuk Airport."

Abdul Bin, "These procedures will facilitate the flow of work and shorten the time and date by facilitating the procedures for suppliers of gold bullion and jewelry, as well as activating the supervisory aspect of the device's work in protecting gold, and thus this matter will have a positive impact on the economic movement in the country."

He continued, "The devices used in examining and marking gold, Iraq is one of three countries in the region that possess these devices, which are distributed as (3) devices for examination and (3) devices for marking jewelry in each airport," noting that "the Central Organization for Standardization and Quality Control is working to train Iraqi staff in addition to the staff of the organization so that we have a great technical capacity in order to facilitate procedures and protect citizens from fraud." 

For his part, the Assistant Director of Baghdad International Airport, Hussein Ali Hussein, said, "The opening of the jewelry inspection and marking unit came in cooperation between the Central Organization for Standardization and Quality Control and the airport administration and will contribute to facilitating procedures at the airport," indicating that "his administration worked to provide the technical requirements and facilities necessary to complete this technical and technological center and its sustainability, which was recommended by the regulatory authorities."  link

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Tishwash:  The Central Bank reveals the percentage of gold in Iraq's foreign currency reserves

The Central Bank of Iraq revealed that the contribution of gold inside and outside the country in 2023 is equal to 8.5% of the country's total foreign currency reserves.

The bank said in a report it recently published and reviewed by "Al-Eqtisad News", that "the total reserves of the Central Bank of hard currency, whether gold, dollars or foreign currency, at the bank in the year 2023 amounted to 145.257 trillion dinars, an increase of 3.50% over the year 2022, which amounted to 140.086 trillion dinars."

He added, "The percentage of gold's contribution to these hard currency reserves amounted to 8.5%, which is equal to 12.293 trillion dinars, an increase of 10.37% compared to the year 2022, which amounted to 11.018 trillion dinars."

According to the report, "the contribution of balances in foreign banks and in New York to the foreign currency reserve amounts to 91.3%, which is equal to 132.641 trillion dinars," noting that "the contribution of foreign currency in the Central Bank's vaults amounts to 0.2%, which is equal to 323 billion dinars."  link

Mot: . and Yet Another ""Tip"" on Raising the ""Wee Folks"" 

Mot:  Bet You Were Wondering What NOW to Do ---