More News, Rumors and Opinions Monday PM 11-11-2024
TNT:
Tishwash: Al-Mashhadani and Romanowski discuss enhancing cooperation and partnership between America and Iraq
Today, Monday (November 11, 2024), Parliament Speaker Mahmoud Al-Mashhadani discussed with US Ambassador Alina Romanowski the cooperation and partnership between the two countries.
The media office of the Speaker of the Council of Representatives stated in a statement received by "Baghdad Today" that "Al-Mashhadani received today, Monday, the US Ambassador to Iraq, Alina Romanowski, and she offered congratulations on the occasion of Al-Mashhadani assuming the position of Speaker of the Council of Representatives, and renewed the announcement of the United States' support for Iraq and its government in various fields."
TNT:
Tishwash: Al-Mashhadani and Romanowski discuss enhancing cooperation and partnership between America and Iraq
Today, Monday (November 11, 2024), Parliament Speaker Mahmoud Al-Mashhadani discussed with US Ambassador Alina Romanowski the cooperation and partnership between the two countries.
The media office of the Speaker of the Council of Representatives stated in a statement received by "Baghdad Today" that "Al-Mashhadani received today, Monday, the US Ambassador to Iraq, Alina Romanowski, and she offered congratulations on the occasion of Al-Mashhadani assuming the position of Speaker of the Council of Representatives, and renewed the announcement of the United States' support for Iraq and its government in various fields."
He added that "the two sides discussed topics of common interest," indicating that "the meeting discussed enhancing cooperation and partnership between the United States of America and Iraq and studying the situation in the Middle East."
According to the statement, Al-Mashhadani stressed link
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Tishwash: Al-Hikma: Al-Sudani's government adopted 3 paths in dealing with Middle East tensions
Hikma Movement leader Furat Al-Tamimi confirmed today, Monday (November 11, 2024), that Al-Sudani's government has adopted 3 paths in dealing with Middle East tensions.
Al-Tamimi said in an interview with Baghdad Today, "The tensions in the Middle East cannot be contained without stopping the bloodshed in Palestine and Lebanon by the Zionist entity, which is practicing arrogance and horrific crimes against civilians, and statistics reveal to us rivers of blood that bleed every day due to the bombing of neighborhoods, villages and towns."
He added that "Al-Sudani and most of the political forces tried to stay away from involvement in the ongoing conflict in the Middle East, but they provided great humanitarian and relief support to our brothers in Palestine and Lebanon, which focused in its content on the call of the religious authority through the dispatch of relief convoys by land and air."
He pointed out that "Al-Sudani and his government adopted a policy of neutrality as a working method for the ministerial cabinet in dealing with the conflict, but in return we do not rule out that Baghdad will be targeted by the Zionist entity, so the Foreign Ministry must move and invest its relations with the White House to deter any attempt in this direction because any aggression against Iraq will have major consequences and will push the region towards more tensions, considering what is happening now in Palestine and Lebanon as crimes of genocide, and this is the opinion of all countries of the world without exception."
Iraq played a decisive role in calming tensions in the region, and affirmed its continued support for efforts to find political solutions to the conflict that has been raging in the Middle East for more than a year since the start of the Israeli aggression on Gaza in October 2023.
The escalation in the region escalated as the Israeli army launched an open war on Lebanon, including air strikes and a ground attack on the south of the country, since early October 2024.
The situation has also seriously deteriorated with Iran and Israel exchanging unprecedented air strikes last month targeting military sites in both countries, raising tensions to new and dangerous levels, amid an exchange of threats of retaliation and counter-retaliation and expanding the scope of the war to include the entire region. link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Sudani on TV again saying the currency transition will be completed by December the 10th which is our Day of Victory relating back to the war... FRANK: Pay attention to every word that Sudan says to you because every word I told you is heavily calculated. Every word is heavily measured. They are trying to tell you something...You know very well what he is saying. Congratulations.
MarkZ & Militia Man MarkZ: Article: “MP (Member of Parliament) Likely to resolve 3 major laws this week.“ Are they hiding HCL in here? They have extended the legislation until Dec. 10th which is Victory Day. Militia Man: They are talking about it today. Real Estate in Kirkuk is part of article 140 of the HCL. These laws are really important and they have already been read twice and they could be working on it right now and we wouldn’t know yet. It will be big news once it pops. I believe it is on the table and could happen at anytime during this session.
Bond Market Warning: Interest Rates About To Surge | Peter Boockvar
David Lin: 11-11-2024
Peter Boockvar, CIO of Bleakley Financial Group, discusses the outlook for stocks, bonds, and economic growth under a Trump Presidency.
0:00 - The Fed’s economic outlook
4:08 - Industrial activity
5:30 - Impact of tariffs
6:20 - Risks under Trump
8:34 - Bond market outlook
17:15 - Inflation rate expectations
18:15 - Stock market outlook
20:00 - Trump trade?
23:35 - Trump tax policies
24:30 - Gold and U.S. dollar
27:00 - Oil and energy
28:10 - Big tech stocks
29:28 - Asian markets
Dollar Needs to Be Gold-Backed Again, This Is How It’s Possible & Why Fed Needs Reform Now | Shelton
Dollar Needs to Be Gold-Backed Again, This Is How It’s Possible & Why Fed Needs Reform Now | Shelton
Kitco News: 11-11-2024
Money should be as trustworthy as gold itself, says Dr. Judy Shelton, Senior Fellow at the Independent Institute, former economic advisor to President Donald Trump, and author of Good as Gold.
Shelton explains why the dollar needs to be backed by gold again and how this can be achieved in today’s monetary environment.
She also argues that the Federal Reserve needs reform to save the U.S. dollar, examining the central bank’s mandates and misguided inflation targets.
Dollar Needs to Be Gold-Backed Again, This Is How It’s Possible & Why Fed Needs Reform Now | Shelton
Kitco News: 11-11-2024
Money should be as trustworthy as gold itself, says Dr. Judy Shelton, Senior Fellow at the Independent Institute, former economic advisor to President Donald Trump, and author of Good as Gold.
Shelton explains why the dollar needs to be backed by gold again and how this can be achieved in today’s monetary environment.
She also argues that the Federal Reserve needs reform to save the U.S. dollar, examining the central bank’s mandates and misguided inflation targets.
News, Rumors and Opinions Monday 11-11-2024
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 Mon. 11 Nov. 2024
Compiled Mon. 11 Nov. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Sat. 9 Nov. 2024 Wolverine: “The RV has started. Thank you God. Everyone’s saying that by Tues.12 Nov. we should have a shotgun start. Everything is going at once. The bankers had a meeting and said that Zurich has already started. The codes were locked in a couple of days ago. Remember Tues. 12 Nov. is when we expect things to roll.”
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 Mon. 11 Nov. 2024
Compiled Mon. 11 Nov. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Sat. 9 Nov. 2024 Wolverine: “The RV has started. Thank you God. Everyone’s saying that by Tues.12 Nov. we should have a shotgun start. Everything is going at once. The bankers had a meeting and said that Zurich has already started. The codes were locked in a couple of days ago. Remember Tues. 12 Nov. is when we expect things to roll.”
Thurs. 7 Nov. 2024 Bruce: Tier4b (us, the Internet Group) Exchanges should start on Tues. 12 Nov.
Tues. 5 Nov. 2024 Julian Assange: All Intel is saying “Next Week.”
Fri. 8 Nov. 2024: MILITARY INTEL! Global Strategic Impact: Starlink’s Military Applications, RVs &GESARA, and the Quantum Financial System – amg-news.com – American Media Group
Sun. 10 Nov. 2024: Behind the 1:1 Currency Revaluation in NESARA GESARA: Understanding a Global Economic Proposal for Wealth Redistribution! – amg-news.com – American Media Group
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Global Financial Crisis:
Sat. 9 Nov. 2024 Banks Are Failing: https://beforeitsnews.com/prophecy/2024/11/warning-banks-are-failing-again-your-money-is-not-insured-and-its-not-safe-2558527.html
Sun. 10 Nov. 2024: A Bill to abolish the Federal Reserve has 20 sponsors. Executive Order 13772 is in full effect. The new US Treasury is about to take over. https://x.com/VALELORDX/status/1854649815201653193
Read full post here: https://dinarchronicles.com/2024/11/11/restored-republic-via-a-gcr-update-as-of-november-11-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
There's a guy on TV saying Iraqis have the possibility of purchasing any commodity electronically immediately. FRANK: You see their money can move in and out of their country now freely. Yah! There's no more restrictions. Yah! The same things are happening with goods and services.
Militia Man The census will count the population, housing, industrial and commercial establishments, agricultural land and infrastructure. Displaced persons and refugees will not be included in the account...It's scheduled for November 20, 2024. It will be accompanied by a two-day curfew in all Iraqi provinces.
EU's Controlled Collapse & Full De-industrialization: EU to Start Buying Expensive LNG from the US
Lena Petrova: 11-11-2024
Seeds of Wisdom RV and Economic Updates Monday Morning 11-11-24
Good Morning Dinar Recaps,
BRICS DIGITAL ASSET PLATFORM PROPOSAL POISED TO RESHAPE GLOBAL INVESTMENT
A proposed BRICS digital asset platform could ignite unprecedented investment in South Asia, Africa, and Latin America, driving growth in emerging markets.
Digital Assets at the Core of BRICS’ Ambitious New Investment Platform
Russian President Vladimir Putin discussed the proposed creation of a BRICS investment platform to support developing markets at the Valdai Discussion Club’s plenary session in Sochi on Friday. He was quoted by Tass as saying:
Good Morning Dinar Recaps,
BRICS DIGITAL ASSET PLATFORM PROPOSAL POISED TO RESHAPE GLOBAL INVESTMENT
A proposed BRICS digital asset platform could ignite unprecedented investment in South Asia, Africa, and Latin America, driving growth in emerging markets.
Digital Assets at the Core of BRICS’ Ambitious New Investment Platform
Russian President Vladimir Putin discussed the proposed creation of a BRICS investment platform to support developing markets at the Valdai Discussion Club’s plenary session in Sochi on Friday. He was quoted by Tass as saying:
We suggest creating a new investment platform of [BRICS countries], using electronic assets, developing them.
“The point is to create such a platform of electronic payments, with the use of which it will be possible to invest in developing markets, and these are primary markets of South Asia, Africa, and Latin America in part,” the Russian leader added. The proposed system would facilitate investments from BRICS nations into high-growth areas by utilizing a digital framework, enabling streamlined investment in these regions.
The BRICS economic bloc expanded on Jan. 1 to include Egypt, Ethiopia, Iran, and the United Arab Emirates (UAE), joining Brazil, Russia, India, China, and South Africa. This expansion aimed to boost the group’s global economic and political influence. At a recent summit in Russia, BRICS also extended partnership invitations to 13 additional countries, further widening its international presence.
Putin highlighted that the regions targeted by this initiative exhibit strong demographic and economic potential, factors that make them attractive for BRICS investment. He opined:
We think so because very strong demographic processes are taking place there: population growth, capital accumulation, the urbanization level is in sufficient there and it will definitely grow.
At the 16th BRICS Summit, held from Oct. 22-24 in Kazan, Russia, members discussed expanding the bloc’s global influence, including developing alternatives to Western-dominated payment systems to boost financial independence.
Putin has also clarified Russia’s stance on the U.S. dollar, stating that while Russia faces restrictions on its use, it does not intend to abandon the currency. He criticized U.S. policies that limit dollar use, arguing they undermine American financial authority, though he affirmed the dollar’s importance to Russia’s economy.
@ Newshounds News™
Source: Bitcoin News
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RIPPLE V. SEC LAWSUIT: RUMORS SUGGEST NEXT POTENTIAL CHAIRMAN OF THE REGULATOR WILL BE PRO-CRYPTO
Firing Gensler seems like one of Trump’s most important crypto-related promises.
▪️Trump’s pledge to replace SEC Chair Gensler with a pro-crypto leader has sparked excitement across the community.
▪️Legal experts believe such changes could lead to a faster resolution of the Ripple v. SEC case.
Gensler’s Possible Successor
Donald Trump’s victory in the US presidential elections triggered a massive bull run for the cryptocurrency sector due to his shift from a previously skeptical view to a supportive stance on the asset class. During his campaign, the Republican pledged to make America “the crypto capital of the planet” and proposed creating a strategic BTC reserve.
He also expressed the intention to fire the SEC’s Chairman Gary Gensler on day 1, a promise which triggered huge enthusiasm among the XRP Army. To the uninitiated ones, the Commission and its head have been at war with numerous crypto companies, including Ripple.
Crypto X has been speculating whether the newly-elected president will stick to his promise and wondering who might replace Gensler at the helm of the securities regulator.
Eleanor Terrett (a popular journalist at Fox Business) recently claimed she discussed the matter with “a person close to the Trump transition team,” who assured her that the successor “will be someone pro-crypto.”
NEW: I asked a person close to the Trump transition team about some of the names being floated for @SECGov chair and whether views on #crypto would factor into the decision.
The response: “I promise you it will be someone pro-crypto.”
— Eleanor Terrett (@EleanorTerrett) November 8, 2024
A new SEC Chairman who is more open to innovation and less inclined to hamper the crypto industry’s advancement by constant legal battles is considered good news not only for those invested in XRP but the entire digital asset market.
The Potential Effect on the Case
Last week, Fred Rispoli (a US attorney who has been following the updates surrounding the Ripple v. SEC lawsuit) argued that the election of Trump could lead to “extreme changes” at the watchdog.
He claimed that the $125 million penalty, which Federal Judge Torres ordered Ripple to pay for violating certain securities laws, is the biggest win the agency can gain. Rispoli also thinks that the SEC’s new potential leadership will “recognize this whole case was idiotic and settle at that point.”
“This might include a reduction in the fine and an agreement that current sales of XRP by Ripple are sufficiently structured to not be investment contracts,“ he added.
The American lawyer Jeremy Hogan chipped in, too. He went even further, forecasting that the new leader of the SEC may dismiss all non-fraud crypto lawsuits filed over the years. Similar to Rispoli, Hogan believes the case could be officially settled for the amount of $125 million:
“It would be…awkward to settle for less than what was already awarded by a Court! The Coinbase and other cases in litigation will simply be dismissed. This will take some time. Not January, but perhaps before summer. That’s my call, and I’m sticking to it.”
@ Newshounds News™
Source: Crypto Potato
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🌱GIPPER'S NEWS READER NEW PRESIDENTIAL PLAN FOR 2025 - ARMED FORCES OF AMERICA | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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Thank you Dinar Recaps
“Tidbits From TNT” Monday Morning 11-11-2024
TNT:
Tishwash: Al-Sudani in Saudi Arabia tomorrow: A speech at the Riyadh Summit and an attempt to limit the “expansion of the conflict”
An informed political source reported that Iraqi Prime Minister Mohammed Shia al-Sudani will head to the Saudi capital, Riyadh, tomorrow, Monday, November 11, to participate in the Arab-Islamic summit.
The source told Shafaq News Agency, "The participation of the Iraqi delegation in the extraordinary joint Arab-Islamic summit, in Riyadh, will be headed by Al-Sudani and will include Foreign Minister Fuad Hussein, and Al-Sudani will deliver a speech at the meeting."
He pointed out that "any developments will take place after the meeting, such as side meetings with the leaders of the countries participating in the meeting."
TNT:
Tishwash: Al-Sudani in Saudi Arabia tomorrow: A speech at the Riyadh Summit and an attempt to limit the “expansion of the conflict”
An informed political source reported that Iraqi Prime Minister Mohammed Shia al-Sudani will head to the Saudi capital, Riyadh, tomorrow, Monday, November 11, to participate in the Arab-Islamic summit.
The source told Shafaq News Agency, "The participation of the Iraqi delegation in the extraordinary joint Arab-Islamic summit, in Riyadh, will be headed by Al-Sudani and will include Foreign Minister Fuad Hussein, and Al-Sudani will deliver a speech at the meeting."
He pointed out that "any developments will take place after the meeting, such as side meetings with the leaders of the countries participating in the meeting."
Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein arrived in the Saudi capital, Riyadh, on Saturday evening to participate in the ministerial meeting of the extraordinary joint Arab-Islamic summit.
A statement by the Foreign Ministry said that Minister Hussein began his visit by meeting with the Palestinian Prime Minister and Foreign Minister, Mohammed Mustafa, where they discussed ways to enhance bilateral cooperation between the two countries.
Leaders of Arab and Islamic countries have begun arriving in Saudi Arabia in preparation for a summit to be held tomorrow, Monday (November 11), to discuss the war in Gaza and Lebanon and developments in the region, according to the Saudi Press Agency.
In late October, the Saudi Foreign Ministry announced the summit during the first meeting of an international coalition established to advance a two-state solution to end the Israeli-Palestinian conflict.
The summit is being held to "discuss the continued Israeli aggression on the Palestinian territories and Lebanon and developments in the region," according to what the Saudi Press Agency reported on Sunday.
It comes as an "extension of the joint Arab-Islamic summit held in Riyadh on November 11, 2023" at the initiative of the Arab League (Cairo) and the Organization of Islamic Cooperation (Jeddah).
Saudi Al-Ekhbariya TV broadcast footage of the arrival of Nigerian President Bola Tinubu and Lebanese Prime Minister Najib Mikati. link
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Tishwash: Sabah Sobhi: The first reading of the draft oil export law will take place next week
A member of the Iraqi parliament's oil and gas committee confirmed that the first and second readings of the oil export bill are scheduled to take place in the Iraqi parliament next week, adding that there is agreement with the Shiite parties on certain conditions for passing the oil export bill.
“The main obstacle to oil exports was Article 12 of Budget Law No. 13 of 2023, as the second paragraph of that article, paragraph “c,” stipulated that the issue of production and transportation equals the cost of production and transportation in the federal Ministry of Oil. This means that all oil production and transportation depends on the federal Ministry of Oil’s estimates for all Iraqi oil fields.
According to the federal Ministry of Oil, the cost of extracting oil in Iraq is about 9,000 to 9,000 dinars, while the cost of transportation is 1.2 cents, and oil companies are dealt with on this basis,” Sabah Subhi, a member of the Oil and Gas Committee in the Iraqi parliament, told Kurdistan 24.
He added, "Oil production in Kurdistan has been ongoing since 2007 and was the first stage of the export process, so an agreement was reached with the companies based on the government's and companies' share of the revenues, but since 2014 there have been attempts to stop the export of Kurdistan's oil."
Sabah Sobhi pointed out that "international security developments show that the Arabian Gulf is in danger due to tensions in the region, and the danger to Iraq in this case lies in the closure of the road to oil exports," adding that "Iraq only has one port for oil exports, which is the port of Basra, and 95% of Iraq's economy depends on oil."
He continued, "Iraq exports about 3.5 million barrels of oil per day. If we consider the price of a barrel at $70, the total amount of sales will be an imaginary amount. Therefore, if Iraq is unable to export its oil, a disaster will occur, since Iraq's economy depends on oil by 95%."
He added, "Iraq is looking for another port to export its oil, and it has the Haditha crossing, through which Iraq has been trying to build an oil pipeline for years, and the cost of the project is estimated at two billion dollars."
Sabah Sobhi stressed that "there is great pressure on the federal government to solve the oil problem before the arrival of winter in Europe, because there are many countries suffering from an energy crisis."
He explained that "the first and second readings of the oil export project will take place on Sunday and Monday of next week."
A member of the parliamentary oil and gas committee said, “The State Administration Coalition held a meeting on the issue of oil exports and everyone agreed to amend the project.”
He added, “I believe that the Shiite parties will agree to the project on condition that some of the project’s articles related to providing the governorates’ budgets and the issue of oil revenues are amended, in addition to some strategic projects for some of the central and southern governorates.” link
Tishwash: This is from Iraqi News
Financial assets hit new record highs ahead of 2024
The year 2024 witnessed a large number of financial assets recording new record levels that they had never seen before, especially with the shifts in global monetary policy and developments in the political and geopolitical situation across different regions of the world.
This year, gold, Bitcoin, the US stock market, European indices, and technology stocks, especially the chip and semiconductor giant Nvidia, have all reached record levels never seen before.
These increases provided distinct investment opportunities for all investors and small speculators who benefited from the possibility of trading these assets through the best licensed trading companies in Iraq 2024 .
Geopolitical concerns and political developments
Despite the different factors that pushed these assets to record levels, there are one or two factors that are common in pushing them to record these increases. For example, geopolitical developments in the Middle East and fears of an escalation of the war between Israel and Iran supported the rise of gold. On the other hand, the boom in artificial intelligence was one of the most important factors that supported the shares of the technology giant Nvidia, which in turn boosted the US stock market.
Monetary policy shift of central banks
At the same time, there are stable factors that support all of these assets, the most important of which are developments in monetary policy and the shift of global central banks from financial tightening based on raising interest rates from the beginning of 2022 until the middle of this year.
The central bank of Australia, Canada, the European Central Bank, the Bank of England, and the Federal Reserve have all begun to cut interest rates as global inflation rates decline. In this regard, the Federal Reserve cut interest rates in November for the second time this year by 25 basis points after cutting interest rates for the first time last September by 50 basis points amid expectations of a third cut in December by another 25 basis points, bringing the total expected interest rate cuts in 2024 to about 1 percent.
The Bank of England cut interest rates twice this year by 25 basis points each time, while the European Central Bank preceded all banks after approving three interest rate cuts amid expectations of an additional cut in the last months of the year. Cutting interest rates supports financial assets by withdrawing savings from banks with the decline in the interest they generate, as they are pumped into other assets such as the stock market with the aim of targeting a higher return, or gold, which is a store of value and does not bring interest, but it is a safe asset that investors resort to in times of uncertainty and for the purpose of hedging.
Is the beginning of the year marathon over?
There are currently some questions about whether what can be called the market bull marathon is over, especially for those who missed the start of the big rise. Gold has been accelerating since August of last year, while US indices have accelerated at the beginning of this year in what is known in the financial markets as the "Santa Rally". In this context, it can be answered that the markets, despite the possibility of recording some downward corrections, the factors for continuing the rise already seem to be present, especially with Donald Trump clinching the presidency, amid expectations of adopting financial policies that may maintain the momentum of the index market's rise.
At the same time, central banks have not finished their stimulus policy, which supports the rise of most financial assets, especially the stock market and some assets that enhance the value of the risk spirit.
NVIDIA is the world's largest company by market value
The upside potential in the stock market looks promising, especially with some companies hitting record highs that seem unlikely to stop in the medium term. For example, Nvidia shares have seen exceptional growth this year, a growth that is expected to maintain its accelerating momentum amid estimates of the company’s ability to maintain an accelerated growth rate in graphics processing units. Its market value has tripled to briefly surpass Apple as the most valuable company in the world, with a market value of about $3.53 trillion, ahead of the technology giant Apple. Its net income rose from about $2.3 billion in the first half of 2022 to about $31.5 billion for the same period in 2024.
Microsoft ranked third with a market value estimated at about $3.19 trillion, followed by Alphabet with a market value of about $2.04 trillion. Meanwhile, Apple’s stock was affected by downward pressure after Warren Buffett-led Berkshire Hathaway announced a major sale of part of its stake in the company. link
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Listen To Lee Greenwood’s New Rendition of ‘God Bless the U.S.A.’ .......................
https://www.youtube.com/watch?time_continue=194&v=SrMftm6Km3g&feature=emb_logo
John Wayne & Celebrity Ensemble - God Bless America...........
More News, Rumors and Opinions Sunday PM
KTFA:
Clare: Including debt cancellation... Determining the mechanisms for US Treasury support for Iraq
11/10/2024 Baghdad
Today, Sunday, the Prime Minister's Advisor, Mazhar Mohammed Salih, announced the mechanisms of the US Treasury's support for Iraq since 2003, while he indicated the continuation of consultations with the US Treasury regarding combating money laundering.
Saleh told the official agency, which was followed by "Al-Eqtisad News": "The cooperation and coordination between Iraq and the US Treasury extends back to the first years since the change of the former regime," indicating that "the Treasury played an important supporting role in supporting the Paris Club agreement in 2004 concerned with writing off Iraq's debts called pre-1990 debts, and the presence of Treasury representatives in the Paris Club agreement secretariat helped ensure the writing off of 80% or more of the former regime's debts."
KTFA:
Clare: Including debt cancellation... Determining the mechanisms for US Treasury support for Iraq
11/10/2024 Baghdad
Today, Sunday, the Prime Minister's Advisor, Mazhar Mohammed Salih, announced the mechanisms of the US Treasury's support for Iraq since 2003, while he indicated the continuation of consultations with the US Treasury regarding combating money laundering.
Saleh told the official agency, which was followed by "Al-Eqtisad News": "The cooperation and coordination between Iraq and the US Treasury extends back to the first years since the change of the former regime," indicating that "the Treasury played an important supporting role in supporting the Paris Club agreement in 2004 concerned with writing off Iraq's debts called pre-1990 debts, and the presence of Treasury representatives in the Paris Club agreement secretariat helped ensure the writing off of 80% or more of the former regime's debts."
“The US Treasury succeeded in supporting infrastructure financing in Iraq through the conference held in the Spanish capital Madrid on October 23-24, 2003. Its primary goal was to mobilize financial support for the reconstruction of Iraq after the US-led invasion in 2003. Seventy countries and international organizations participated in the conference,” he added, explaining that “the conference managed to collect pledges amounting to about $33 billion, but a large part of these amounts was in the form of loans or technical support, and not all of it was direct financial aid.”
He explained that "the US Treasury contributed to establishing the Iraqi payments system in 2006 through a direct technical agreement with the Central Bank of Iraq to establish a wholesale payments system between the Central Bank on the one hand and the banks and the government in transferring funds and settling them electronically on the other hand, in addition to entering the era of settling bank checks electronically as well, which are matters in financial technology that are being introduced for the first time in our country,"
Noting that "from the history of the important assistance provided by the Treasury, it has played an important role in replacing the local, fast-forgery edition of the dinar that was issued during the nineties siege in the largest campaign witnessed by Iraq between late 2003 and early 2004 with the international edition of the dinar, according to the highest international technical specifications."
He stressed that "since the signing of the Strategic Framework Agreement in 2008 until today, there have been continuous consultations between representatives of the financial and monetary authorities in our country and the treasury to cooperate in combating money laundering and the proceeds of crime and terrorism in a manner that achieves governance and compliance for our financial and banking system as well as its optimal integration into the global financial and economic climate." LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick [Iraqi bank manager friend Aki update] WALKINGSTICK You told us about these bulletin boards/ billboards that are going be brought to you there at the bank...Do you have the bulletin boards, you know the ones that you told me that they were going to send you with the pictures...explanations/descriptions of all the notes? You have...the ones you told me are going to be distributed to all these currency centers, to all the banks? [Post 1 of 2....stay tuned]
Walkingstick [Iraqi bank manager friend Aki update] AKI: No. I don't have them in the Dearborn banks yet. WALKINSTICK: Have they told you when they're going to give you these boards? AKI: I was there, Sudani was there, Alaq was there, the US Treasury, IMF, World Bank, everybody was there when these were constructed so I'm not going to tell you when we're going to display them but I'm going to tell you that I'm going tell you that I'm going to. WALKINGSTICK: #1 you don't have them in your possession yet? AKI: Correct WALKINGSTICK: #2, you were present when these boards were made? AKI: Yes. [Post 2 of 2]
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Tishwash: Iraqi PM visits Kurdistan Region on Wednesday
Mohammed Shia al-Sudani, Iraqi Prime Minister, is set to visit Erbil, the capital of the Kurdistan Region, next Wednesday.
A government source told Shafaq News that al-Sudani will meet with Kurdish officials in the region during his visit to hold several discussions before heading to al-Sulaymaniyah province link
Remember, Nader said it’s all about import export
Nader: 11-10-2024
ERBIL (Kurdistan 24) – Iraqi government with the help of the Central Bank of Iraq, do its best to increase the price of Iraqi dinar against US dollar, Mohammed Shia al-Sudani, Iraq’s new premier, said in a press conference on Tuesday.
“The interests of the needy were not taken into consideration in devaluing Iraqi currency. We tend not to repeat that in this cabinet,” he said.
Tackling endemic corruption in the country is one of the priorities of this cabinet, he said. The Iraqi government work with other neighboring other countries to return Iraq’s “stolen money,” he added.
Faced by financial crisis caused by low oil prices amid COVID-19 pandemic, the Iraqi Central Bank decided to devalue the currency, setting the exchange rate at 1,460 dinars per dollar to the public. Before the decision, each dollar was traded at 1,182 Iraqi dinars.
As Iraq’s market is heavily relied upon imports, the decision sparked public outrage and demonstrations, outcrying the rising prices of commodities. The former Finance Minister Ali A. Allawi argued that the rising commodity prices was part of the global inflation, defending the devaluation decision as it had increased the state revenue amid liquidity crisis.
Seeds of Wisdom RV and Economic Updates Sunday Afternoon 11-10-24
Good Afternoon Dinar Recaps,
‘WE WON THAT CASE LAST SUMMER’: RIPPLE CEO OPENS UP ABOUT TRUMP, GENSLER AND XRP LAWSUIT
In recent days, Ripple’s XRP has been making headlines. However, its progress is being hindered by an ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).
CEO Brad Garlinghouse discussed Donald Trump’s support for cryptocurrency, where Trump has positioned himself as a “crypto advocate” during his campaign. Trump has even stated that one of his first actions if elected president would be to remove Gary Gensler, the SEC chairman, who has taken a tough stance against crypto.
Good Afternoon Dinar Recaps,
‘WE WON THAT CASE LAST SUMMER’: RIPPLE CEO OPENS UP ABOUT TRUMP, GENSLER AND XRP LAWSUIT
In recent days, Ripple’s XRP has been making headlines. However, its progress is being hindered by an ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).
CEO Brad Garlinghouse discussed Donald Trump’s support for cryptocurrency, where Trump has positioned himself as a “crypto advocate” during his campaign. Trump has even stated that one of his first actions if elected president would be to remove Gary Gensler, the SEC chairman, who has taken a tough stance against crypto.
Global Crypto Regulations vs. U.S. Approach
In an interview with BBC, Brad points out that many countries like the UK, Switzerland, and Singapore have embraced crypto by creating clear regulatory frameworks.
This has allowed the crypto industry to grow, attracting entrepreneurs and capital. In contrast, the U.S. government, particularly under the Biden administration, has been more hostile toward crypto, creating challenges for the industry..
What a Win Would Mean for Crypto?
Brad talked about the ongoing legal battle between Ripple and the U.S. SEC. Ripple has been fighting the SEC over whether XRP should be classified as a security. Last summer, a judge ruled that XRP is not a security, but the SEC is appealing the decision, though they are not challenging the ruling on XRP itself.
Brad stressed the need for clearer regulations in the U.S. While Bitcoin and XRP have some regulatory clarity, many other cryptocurrencies, like Ethereum and Solana, remain in a “gray area.”
This lack of clarity makes it difficult for the industry to move forward. Brad advocates for clear, well-defined regulations—similar to those in the UK or Japan—so that the crypto industry can follow the rules without fear of uncertainty.
SEC’s Role in Crypto Regulation
He criticized the SEC under Gary Gensler for trying to regulate crypto through enforcement actions rather than creating formal, clear rules. He argues that cryptocurrencies, unlike traditional securities, do not provide ownership rights or governance rights, so they should not be classified as securities.
@ Newshounds News™
Source: CoinPedia
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CHARLES HOSKINSON BREAKS SILENCE WITH FOUNDATIONAL MODEL OF CARDANO BLOCKCHAIN
Cardano founder Charles Hoskinson recently returned to social media with a compelling message that outlines his vision for Cardano and its potential. In his first major tweet since a brief hiatus, Hoskinson described Cardano as "a decentralized ecosystem of blockchain technology, smart contracts, and community governance committed to improving economic, political, and social systems for everyone, everywhere."
Hoskinson went on to outline Cardano's role as a foundational infrastructure designed to empower individuals and communities to "manage their identity, value, and governance," and foster the emergence of decentralized applications, businesses and network states.
This marks one of Hoskinson's first posts on X since Nov. 3, when he announced that he would be taking a week-long social media break to celebrate his birthday and enjoy time "off-grid." His return brings a renewed sense of purpose and focus on Cardano’s mission, reflected in his first tweets.
The Cardano community has reacted positively to Hoskinson’s statement, seeing it as a reaffirmation of the project's goals and values. What happened? Hoskinson previously lamented growing criticisms toward him and the Cardano ecosystem.
Amid this and with one user implying that Hoskinson might be Cardano's cancer, the founder decided to poll the community.
In the survey, Hoskinson asked if he was a "cancer" for Cardano. The poll received 50,501 votes at press time, with 51.6% agreeing that Hoskinson was Cardano's "cancer" and 48.4% saying the Cardano founder was not to blame for the ecosystem's challenges.
Apparently dismayed by the results of the poll, Hoskinson decided to take a break from X throughout the week, stating he wanted to disconnect and meditate. In a Nov. 3 post, Hoskinson made known his decision saying "It's going to be a lot of fun disconnecting and meditating.
On the other side, I'm going to have a different approach to social media and how I communicate to the Cardano ecosystem. I suspect I'll use X a lot less and will emphasize more productive and curated mediums. I will miss the daily interactions and spontaneity of things, but it's honestly become too toxic."
@ Newshounds News™
Source: U Today
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🌱 WHAT IS THE IRON TO GOLDEN AGE? | Youtube
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Source: Seeds of Wisdom Team RV Currency Facts
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Economist’s “News and Views” Sunday 11-10-2024
Gold And Silver Are Sound Money: Why It Scares The Fed | JP Cortez
Lynette Zang: 11-10-2024
n Today's Video we are talking with Jp Cortez who is the Executive Director of the Sound Money Defense League, a nationally renowned policy group known for its fervent commitment to advocating for a stable and constitutional monetary system.
So very excited to have JP on
Gold And Silver Are Sound Money: Why It Scares The Fed | JP Cortez
Lynette Zang: 11-10-2024
n Today's Video we are talking with Jp Cortez who is the Executive Director of the Sound Money Defense League, a nationally renowned policy group known for its fervent commitment to advocating for a stable and constitutional monetary system.
So very excited to have JP on
Unexploded Bombs In Banking System | Rick Rule
Liberty and finance: 11-9-2024
Legendary investor Rick Rule provides a stark outlook on the financial system, warning of the dangers posed by government debt, inflation, and the unsustainable promises made by social programs like Social Security.
He explains how institutions such as banks are facing severe financial strain due to mismatches in their portfolios—long-dated fixed-rate obligations funded by short-term deposits—exposing them to the risks of rising interest rates.
Rule also highlights the precarious future facing retirees, especially those relying on Social Security, as inflation erodes the value of nominal benefits.
With the U.S. government’s rising debt and unfunded liabilities, he cautions that the real value of future benefits will diminish, leaving many retirees unprepared. Ultimately, he stresses the importance of individuals taking control of their financial futures, acknowledging the challenges while emphasizing resilience and proactive planning.
INTERVIEW TIMELINE:
0:00 Intro
2:03 Government mismanagement
17:07 Currency devaluation
24:40 Election & US dollar
34:35 Metals vs miners
40:00 Banking system
48:00 Battle Bank
"You MUST PREPARE Now..." - Adam Taggart
LifeWorthLiving: 119-2024
Adam Taggart, host of thoughtful money, discusses the current uncertainties in financial markets and the importance of shifting from passive to active investment strategies. Taggart emphasizes that high volatility, shifting inflation trends, and evolving bond markets signal that traditional passive strategies may no longer be effective.
News, Rumors and Opinions Sunday 11-10-2024
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 Sun. 10 Nov. 2024
Compiled Sun. 10 Nov. 2024 12:01 am EST by Judy Byington
Judy Note:
The new US Treasury is in Texas (allegedly) , as is possibly the new US Republic Capitol.
By Nov. 2024 the state of Texas will be (allegedly) set up as home to the new Quantum Financial System for the new US Republic, with their currency being gold-backed US Treasury Notes. Texas has (allegedly) applied to be a part of BRICS.
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 Sun. 10 Nov. 2024
Compiled Sun. 10 Nov. 2024 12:01 am EST by Judy Byington
Judy Note:
The new US Treasury is in Texas (allegedly) , as is possibly the new US Republic Capitol.
By Nov. 2024 the state of Texas will be (allegedly) set up as home to the new Quantum Financial System for the new US Republic, with their currency being gold-backed US Treasury Notes. Texas has (allegedly) applied to be a part of BRICS.
Global Currency Reset:
Sat. 9 Nov. 2024 Wolverine: “The RV has started. Thank you God. Everyone’s saying that by Tues.12 Nov. we should have a shotgun start. Everything is going at once. The bankers had a meeting and said that Zurich has already started. The codes were locked in a couple of days ago. Remember Tues. 12 Nov. is when we expect things to roll.”
Thurs. 7 Nov. 2024 Bruce: Tier4b (us, the Internet Group) should receive notification to set appointments over the weekend. Exchanges should start on Tues. 12 Nov.
Tues. 5 Nov. 2024 Julian Assange: All Intel is saying “Next Week.” Safe link 800# will be released closer to go date. Bond funds were being delivered to paymasters. Rates are EXTREMELY high.
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Sat. 9 Nov. 2024 BOOM! BANKRUPT U.S. CORPORATION: Jan Halper-Hayes, the Vatican, and “We Have the Gold!” …Gitmo TV on Telegram
The Massive Gold Transfer: America’s Wealth Restored: According to Halper-Hayes, an operation brought back 650 planes of gold from the Vatican. This gold — the foundation of America’s wealth — is now back on U.S. soil, setting America free from Vatican influence. Trump’s move is a sign of a new era of financial independence.
The Role of Gold in Ending the Federal Reserve: Halper-Hayes reveals that America’s gold-backed currency could destroy the Federal Reserve’s power. This isn’t just a financial move; it’s about returning power to the people and ending foreign economic control over America.
Read full post here: https://dinarchronicles.com/2024/11/10/restored-republic-via-a-gcr-update-as-of-november-10-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Saleh on TV saying Iraq private sector is about to catch up economically with the international sector. FRANK: Not at a program rate. A person would have to be a moron to think Iraq's economy is about to explode with a punished sanctioned program rate to their currency.
Militia Man CBRs , Correspondent Banking Relationships, we've know about that since 2023...This isn't brand new. This is what's been done. 2024 consultation Article IV is about things they've got to a certain point where now we're going to the next step. We're focusing in on 2024 for what? Modernizing the banking system. Getting that completed. Going to the private sector. Privatizing the state-owned banks. They're doing it. Ernst and Young are doing it. They've had a contract since January.
Why is Iraq's Currency Lagging Behind Kuwait's Currency
Edu Matrix: 11-10-2024
Why is Iraq's Currency Lagging Behind Kuwait's Currency? #iqd #kwd In this video, we explore the highly anticipated revaluation (RV) of the Iraqi dinar and why it didn't mirror the successful revaluation of the Kuwaiti dinar after Iraq invaded Kuwait in 1990.
We'll break down the key differences between the two situations, including the economic stability of Kuwait versus Iraq, currency management strategies, and the factors that have fueled speculation around the Iraqi dinar. Is the dream of an Iraqi dinar revaluation realistic, or just a myth fueled by speculation? Watch to find out!
Why Fed's Rate Cut Won't Help (How Bad Will It Get?)
Taylor Kenny: 11-8-2024
The recent Federal Reserve rate cut sparks questions about the future of affordable housing and mortgage rates. As rates drop, will housing costs finally come down, or is there a longer road ahead? Discover what’s really impacting mortgage rates and the economy, including Treasury yields, inflation risks, and government spending.
CHAPTERS:
00:00 – Introduction: Rate Cut and Housing Affordability
00:35 – Why Mortgage Rates Aren’t Falling
01:39 – Inflation Risks and Economic Outlook
02:14 – The Federal Reserve’s Dilemma
02:45 – Inflation’s Slow Rise and Treasury Yields
03:20 – Labor Market Concerns and Job Growth
03:51 – The Role of Government Jobs in Job Numbers
04:26 – The Bigger Picture: Systemic Flaws and National Debt
05:26 – Why Gold and Silver Still Matter
06:34 – The Future of the Dollar and Rate Cuts
07:43 – Protecting Wealth Outside the System
Seeds of Wisdom RV and Economic Updates Sunday Morning 11-10-24
Good Morning Dinar Recaps,
NORWAY SUPPORTS MICA, CONSIDERS CBDC FOR FINANCIAL STABILITY
Norges Bank backs the EU’s MiCA regulation while considering a CBDC to enhance cross-border payments and support financial stability in Norway.
Norges Bank, Norway’s central bank, has endorsed the European Union’s Markets in Crypto-Assets Regulation (MiCA) as the country evaluates the potential adoption of a central bank digital currency (CBDC).
Kjetil Watne, project director for Norges Bank’s CBDC project, said in an interview with Cointelegraph that Norway, as a member of the European Economic Area (EEA), welcomes MiCA’s framework. However, he noted that the bank is still considering “whether additional regulations are necessary to promote financial stability.”
Good Morning Dinar Recaps,
NORWAY SUPPORTS MICA, CONSIDERS CBDC FOR FINANCIAL STABILITY
Norges Bank backs the EU’s MiCA regulation while considering a CBDC to enhance cross-border payments and support financial stability in Norway.
Norges Bank, Norway’s central bank, has endorsed the European Union’s Markets in Crypto-Assets Regulation (MiCA) as the country evaluates the potential adoption of a central bank digital currency (CBDC).
Kjetil Watne, project director for Norges Bank’s CBDC project, said in an interview with Cointelegraph that Norway, as a member of the European Economic Area (EEA), welcomes MiCA’s framework. However, he noted that the bank is still considering “whether additional regulations are necessary to promote financial stability.”
Watne explained that Norges Bank has “not yet decided” if it will issue a CBDC and is assessing how to “mitigate regulatory gaps related to decentralized finance.”
Supporting MiCA and CBDC implementation
As part of the EEA, Norway closely aligns with EU regulations, including MiCA, which Watne said is “under public review and currently being assessed by the Ministry of Finance.”
According to Watne, Norges Bank considers CBDCs potentially useful for cross-border payments but that “it remains to be seen how a CBDC-based cross-border payment system would look.”
In 2023, the bank participated in “Project Icebreaker,” a trial exploring new architectures for retail CBDC transactions across borders. Watne added:
“We believe that an eventual CBDC will, if issued, will supplement and not replace cash. We also believe that digital currencies will continue to exist in parallel with CBDCs.”
Addressing privacy concerns
According to Watne, Norges Bank has taken a measured stance on privacy concerns related to CBDCs, recognizing that digital payments “will leave digital taxes.”
He emphasized that Norges Bank “is not responsible for monitoring individual payment transactions” and noted that most central banks, including Norges Bank, do not plan to access customer CBDC payment details or account balances.
“Norges Bank’s analyses assume that this will be the path also for Norges Bank. As with other forms of payment, it will be necessary to ensure that relevant rules are complied with, for example anti-money laundering rules.”
Does MiCA pose “systemic” banking risks?
The EU’s MiCA regulation is set to take full effect on Dec. 30 and could introduce “systemic risks” to the banking sector, particularly for stablecoin reserves, according to Tether CEO Paolo Ardoino.
Under MiCA, stablecoin issuers will be required to hold a significant portion of their reserves, at least 60%, in European banks, creating a cause for concern when it comes to loans.
Ardoino explained that, due to banks’ ability to loan up to 90% of their reserves, the risks posed by MiCA regulatory requirements could create significant points of vulnerability for reserves if a bank holding them goes bankrupt.
@ Newshounds News™
Source: CoinTelegraph
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ANALYST: EUROPE IS SECRETLY PREPARING FOR A RENEWED GOLD STANDARD
Jan Nieuwenhuijs, an expert in gold markets, believes he has found evidence that Europe is preparing to adopt a new standard. He states that the recent movements of several Eastern European countries—purchasing or selling gold to reach a determined ratio—are part of the actions leading up to this development.
Analyst: Countries in Europe Equilibrating Gold Reserves to Adopt a Common Standard
Countries in Europe are getting ready to back their currency, at least partially, with gold. Jan Nieuwenhuijs, an expert in the movement of gold markets that follows central bank purchases, has found evidence that this is happening coordinately, even though central banks publicly deny it.
The root of this common understanding would be the 1999 Washington meeting that produced the Central Bank Gold Agreements, in which 15 central banks inked a pact to coordinate their gold sales and maintain a stable metal market.
On this agreement, Nieuwenhuijs stated:
For those paying close attention, it was obviously meant to equalize gold reserves among countries relative to GDP.
To justify his allegations, Nieuwenhuijs reports that the recent purchases from countries like Poland, Hungary, and the Czech Republic were directed to equilibrate their gold reserve to GDP ratio to the ones held by countries in the Eurozone. This is supported by statements made by Poland’s former Minister of Finance Konrad Raczkowski, directly commenting on these numbers.
Raczkowski assessed that Poland should purchase 120 tonnes of gold to reach the ratio maintained by several other countries in the Eurozone, 4% GDP. He declared:
It seems that in the near future, this will be the new gold standard for the entire eurozone. These reserves will have to be adjusted to the size of the economy.
Nonetheless, Nieuwenhuijs reports that, even with all the evidence surrounding these coordinated moves, central banks have continuously denied there is some kind of harmonization behind these exchanges. “Countless Freedom of Information (FOI) requests submitted throughout Europe, directed at central banks and Ministries of Finance, all yielded nil,” he stressed.
However, he has sometimes received negative answers to these petitions, with the Central Bank of Belgium stating that this information was “confidential,” obeying a central bank law that commanded the institution to maintain a “legal obligation of secrecy.”
In August, Nieuwenhuijs alleged that China, which had stopped purchasing gold according to reports, was secretly growing its reserves to take advantage of the price cool-off.
@ Newshounds News™
Source: Bitcoin News
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🌱 FIRST SPACEX STARSHIP LAUNCH SINCE 'CHOPSTICKS' CATCH: HOW TO WATCH | Youtube
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Source: Seeds of Wisdom Team RV Currency Facts
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The Trump Bitcoin Vision vs. CBDCs: The Start of a New Currency Revolution
The Trump Bitcoin Vision vs. CBDCs: The Start of a New Currency Revolution
Awake-In-3D November 9, 2024
Why Trump’s Bitcoin vision could reshape U.S. finance and challenge traditional currency systems worldwide.
The Trump Bitcoin Vision could represent a turning point for American financial policy, challenging the global dominance of centralized digital currencies and introducing Bitcoin as a strategic national asset. By promoting a National Strategic Bitcoin Reserve and opposing Central Bank Digital Currencies (CBDCs), Trump’s proposal aims to secure greater economic independence for the U.S. and encourage a new approach to financial sovereignty.
The Trump Bitcoin Vision vs. CBDCs: The Start of a New Currency Revolution
Awake-In-3D November 9, 2024
Why Trump’s Bitcoin vision could reshape U.S. finance and challenge traditional currency systems worldwide.
The Trump Bitcoin Vision could represent a turning point for American financial policy, challenging the global dominance of centralized digital currencies and introducing Bitcoin as a strategic national asset. By promoting a National Strategic Bitcoin Reserve and opposing Central Bank Digital Currencies (CBDCs), Trump’s proposal aims to secure greater economic independence for the U.S. and encourage a new approach to financial sovereignty.
This article discusses how Trump’s stance on Bitcoin over CBDCs might redefine the role of digital assets in America, with potential ripple effects across the global economy.
Understanding the Trump Bitcoin Vision as a Strategic Asset
Trump’s plan would place Bitcoin at the heart of the U.S. economy by establishing a National Strategic Bitcoin Reserve, an unprecedented move for a nation traditionally reliant on fiat currency and precious metals as reserve assets. By backing the nation’s wealth with Bitcoin, Trump aims to reinforce the dollar’s strength while providing a buffer against inflationary pressures.
Historically, strategic reserves in commodities like gold and oil have served to bolster national security and economic stability. In pledging a Bitcoin reserve, Trump is signaling a desire to reframe the U.S. reserve strategy around digital assets, potentially redefining financial security in the 21st century. This proposal raises fundamental questions: Could Bitcoin, as a decentralized asset, bring new stability to the American economy? Would other countries follow the U.S. lead in recognizing cryptocurrency as a strategic reserve asset?
A Departure from CBDCs: Trump’s Promise to Ban Digital Fiat
In tandem with a Bitcoin reserve, Trump’s plan includes a full-scale ban on Central Bank Digital Currencies (CBDCs), a move that reflects his stance against centralized digital assets. CBDCs, digital versions of traditional fiat currencies managed by central banks, are being explored worldwide as a means to modernize monetary policy and control currency in a digital age. However, Trump argues that such currencies centralize control, limit personal financial sovereignty, and ultimately work against individual freedom and decentralized financial principles.
A ban on CBDCs would represent a direct counterpoint to the current global trend. Countries like China, the European Union, and Canada are advancing in CBDC development, hoping these digital currencies will help modernize their economies. However, the Trump Bitcoin Vision signals a fundamentally different approach: one in which digital currency can exist independently of government and bank control, restoring the power of choice and privacy to individuals.
By positioning Bitcoin as the digital currency of choice for Americans—and rejecting the centralized oversight that defines CBDCs—Trump could foster a form of economic freedom that encourages self-sovereignty and independence. This approach could also inspire similar policies in countries wary of centralized digital currencies, potentially weakening the international momentum toward CBDCs and creating new avenues for cryptocurrency adoption.
Implications for Global Currency Reset and Revaluation of Currencies
Trump’s vision, if enacted, catalyzes a Global Currency Reset (GCR) by recalibrating how digital assets are valued relative to fiat currencies. Traditionally, global currency value has been anchored by the U.S. dollar, supported by foreign reserves and global confidence. With the introduction of Bitcoin as a strategic asset, the valuation mechanisms of currencies worldwide could be disrupted, potentially triggering an international revaluation (RV) of fiat and crypto alike.
1. Strengthening U.S. Influence through Bitcoin Reserves: Should the U.S. amass significant Bitcoin reserves, it would likely strengthen its economic position relative to other nations, particularly those that have embraced CBDCs. The U.S. dollar’s role as the global reserve currency may be tested, but Bitcoin could serve as a complementary asset that underpins a new form of financial influence.
2. Global Interest in Cryptocurrencies over Fiat: With the Trump Bitcoin Vision, other countries may face pressure to reevaluate their reserve strategies and consider adding Bitcoin or other cryptocurrencies to their portfolios. Such a shift could destabilize traditional fiat currency reliance, prompting a revaluation across the board as countries reassess the value of their reserves.
3. Challenges for CBDC-Adopting Nations: As the U.S. pivots towards Bitcoin, countries with CBDCs may face unexpected challenges, such as increased interest in decentralized cryptocurrencies by their own citizens. The appeal of self-custodied Bitcoin, which provides independence from banks and central authorities, could draw citizens away from CBDCs, particularly in regions where distrust of government-controlled currencies is already high.
Repercussions for Financial Privacy and Sovereignty
Trump’s anti-CBDC stance is also rooted in a philosophy of financial privacy and personal control. A Bitcoin-centric financial model would empower citizens to store their wealth without intermediary institutions, enabling individuals to “be their own bank.” This approach appeals to the rising demand for financial sovereignty, allowing individuals to protect their assets independently of the financial elite and governmental influence.
The promise of privacy through Bitcoin ownership, free from government oversight, contrasts sharply with CBDCs, which could offer central banks unprecedented access to citizens’ financial behavior. For those concerned with data privacy and government overreach, Bitcoin offers an alternative that balances digital access with personal freedom.
However, this also presents potential challenges. Financial systems without intermediaries—like banks—make enforcement of anti-money laundering (AML) and counter-terroism financing (CTF) regulations difficult. Policymakers would need to strike a delicate balance between maintaining regulatory oversight and preserving the benefits of self-custodied assets.
America’s Path to Bitcoin Leadership
Trump’s proposals go beyond policy rhetoric; they position the U.S. as a potential leader in the global cryptocurrency movement. In supporting domestic Bitcoin mining and removing custodial restrictions, Trump is setting the stage for a flourishing domestic Bitcoin ecosystem. These policies could foster a competitive environment that attracts Bitcoin innovators, miners, and investors, enhancing the U.S. role as a cryptocurrency superpower.
Should Trump’s vision materialize, it could also prompt other nations to emulate aspects of U.S. policy, particularly in areas where individuals seek financial sovereignty and investment freedom. This influence through indirect leadership could redefine America’s influence, offering an alternative to nations and individuals wary of centralized digital assets.
The Bottom Line: Could a Trump Bitcoin Vision Be the Dawn of a New Financial Era?
Trump’s proposed policies mark a striking departure from the current trajectory of digital currency. A National Strategic Bitcoin Reserve and a ban on CBDCs represent a bold experiment in currency sovereignty, one that underscores the shifting dynamics of global financial power and the emerging role of digital assets in wealth preservation.
The potential impact of Trump’s policies could be far-reaching, heralding a new financial era defined by decentralized assets, self-custody, and a revaluation of global currencies. If Bitcoin achieves the prominence Trump envisions, it transforms the U.S. financial landscape and prompts a broader GCR and RV worldwide, altering the way individuals, governments, and institutions view and interact with currency.
In a world increasingly reliant on digital financial systems, the Trump Bitcoin Vision offers an alternative path, one in which individual freedom, asset sovereignty, and decentralized currency form the foundation of a new economic paradigm. Whether this vision will come to fruition remains uncertain, but it undeniably places Bitcoin at the forefront of America’s evolving economic identity, positioning the U.S. as a potential leader in the global shift toward cryptocurrency-backed stability.
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