More News, Rumors and Opinions Wednesday PM 11-27-2024

KTFA:

Clare:  Parliamentary Oil: Amending a paragraph in the budget enhances oil exports and understanding with Kurdistan

11/27/2024

The Parliamentary Oil and Gas Committee confirmed, today, Wednesday, that amending the paragraph on paying the costs of extracting the Kurdistan Region’s oil and handing it over to “SOMO” opens the way for expanding exports and improving coordination between the region and the center.

Member of the Parliamentary Oil and Gas Committee, Kazem Al-Tawki, told Al-Furat News Agency that “Iraq is committed to the OPEC system in determining the quantities of oil production, noting that production sometimes falls below the specified ceiling.” 

He added: "The recent agreement with the Kurdistan Region included amending a paragraph in the budget related to paying the financial costs of extracting oil and delivering it to SOMO, which opens the way for expanding exports or directing the region's oil to refineries."

He stressed the importance of this understanding between the region, the center and the Ministry of Oil to achieve better coordination in the management of oil resources.

From.. Raghad  LINK

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Clare:  The Iraqi government signs two memoranda of understanding with Arab tourism, consisting of 7 points

11/27/2024

In Wednesday, Iraqi Prime Minister Mohammed Shia al-Sudani sponsored the signing of two memoranda of understanding with the Arab Tourism Organization. His media office said in a statement received by Shafaq News Agency that al-Sudani received today the head of the Arab Tourism Organization affiliated with the League of Arab States, Bandar bin Fahd Al-Fahid, and his accompanying delegation.

The statement added that during the meeting, they discussed areas of joint work to develop the tourism reality in Iraq, in light of the government's plan to develop the tourism reality.

Al-Sudani stressed the importance of enhancing cooperation with the Arab Tourism Organization to support attracting Arab tourism to Iraq, which is rich in religious, archaeological and natural tourism assets.

According to the statement, Al-Sudani sponsored the signing ceremony of two memoranda of understanding for the Arab Tourism Organization; the first with the Ministry of Culture, Tourism and Antiquities, and the second with the International Development Bank for Investment and Finance, which include expanding and developing tourism cooperation in the following areas:

1- Benefit from the agreement signed between the Arab Tourism Organization and the Islamic Development Bank Group, related to the insurance policy to guarantee investment, with the aim of attracting capital to invest in tourism projects in Iraq.

2- Benefit from the programs of the Arab Tourism Organization and its agreements with international companies in the field of technical consultations and studies.

3- Qualifying Iraqi tourist facilities, including hotels, restaurants and cafes, to obtain the quality and ISO mark.

4- Benefiting from the organization’s programs in training and qualifying workers in the tourism sector at the public and private sectors levels to raise the capabilities of its workers.

5- Studying the possibility of opening a regional office for the Arab Tourism Organization in Baghdad to represent the Arab Mashreq region.

6- Benefiting from the Arab Tourist Card project, which will be launched in Baghdad through the organization’s strategic partner; the International Development Bank and Visa International.

7- Implementing rehabilitation programs for Iraqi youth in the field of quality control of tourism and hotel facilities.

LINK

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

Militia Man  Article quote: "The objectives of banking reforming Iraq will end with a high integration that achieves competitiveness, homogeneity, compliance and governance within the Iraqi banking market and achieves the integration of the national banking market with the global market."  They haven't ever done that with an exchange rate of 1180, 1166, 1182, 1310, 1450...Never happened.  Then why would they just all of a sudden say, 'Now it's okay'?  ...Integrating Iraq's national banking market system with the global market system in my view will require a real effective exchange rate...

Frank26  What is it that the Central Bank of Iraq needed in order to bring forth a new exchange rate and the lower notes to the citizens?  Security and stability.  That was the key.  You cannot do anything without security and stability...Article quote: "Alaq, the monetary situation in Iraq is excellent and our reserves support the stability of the exchange rate." ...That's a confession...you have stability!

‘Fiat Is Failing’: Why James Lavish Believes Bitcoin Is the Future of Hard Money

Kitco News:  11-27-2024

Bitcoin is making waves as it approaches $100,000, but according to James Lavish, Managing Partner at the Bitcoin Opportunity Fund, the real story lies in the decline of fiat currencies like the U.S. dollar.

 In this interview Jeremy Szafron, Lavish explains why inflation, debt, and currency debasement are fueling Bitcoin’s meteoric rise. He also breaks down key catalysts ahead, including institutional adoption, regulatory clarity following SEC Chair Gary Gensler’s departure, and the potential impact of pro-crypto policies under a Trump administration.

Lavish delves into Bitcoin’s long-term potential, predicting it could rival gold as a global store of value and surpass $1 million per coin within the next decade.

He also shares insights on MicroStrategy’s bold Bitcoin strategy and what retail and institutional investors should watch for in the rapidly evolving crypto landscape.

Whether you’re a Bitcoin enthusiast or a skeptic, this conversation offers critical insights into the future of digital assets.

00:00 Introduction

 02:45 Gold vs. Bitcoin: Perspectives from the Investment Conference

05:51 Market Cycles and Election Impact on Bitcoin

11:01 Federal Reserve and Economic Policies

17:49 Bitcoin's Market Position and Future Outlook

 18:11 Breaking the 100,000 Barrier

20:18 MicroStrategy's Bold Bitcoin Strategy

22:14 Convertible Bonds and Delta Hedging

26:40 Citron's Short Position on MicroStrategy

28:49 Bitcoin's Future and Market Outlook

 31:47 Bitcoin's Growth Potential

34:20 Wealth Disparity and Asset Accumulation

 35:10 Conclusion

https://www.youtube.com/watch?v=EY33lpmj8UI

Tavi Costa: Gold Bull for Treasury Secretary

Gold Bull for Treasury Secretary

Liberty and Finance:  11-26-2024

In a recent appearance on Liberty and Finance, investment strategist Tavi Costa delivered insight into the potential implications of Scott Bessent’s appointment as Treasury Secretary under Donald Trump.

While initial reactions from the markets have been mixed, with skepticism surrounding Bessent’s credentials and his bullish stance on gold, Costa argues the negative sentiment may misinterpret the broader macroeconomic shifts that could unfold from this pivotal appointment.

Scott Bessent is no stranger to the financial world, having built a reputation through his previous role as Chief Investment Officer for George Soros. His track record shows a keen understanding of global economic dynamics, which Costa views as a considerable asset during a time of uncertainty.

While the markets reacted cautiously to the news of Bessent’s pick, with some market commentators expressing doubt about his market strategies, Costa believes that this skepticism may overlook the strategic implications Bessent’s policies could have on the gold market and the U.S. economy at large.

Bessent’s recent bullish position on gold positions it as his largest investment, which Costa sees as a significant statement amidst growing economic concerns.

In recent years, gold has often been perceived as a safe haven, particularly in times of financial instability and inflationary pressures. Costa contends that Bessent’s bullish outlook could potentially lead to a reevaluation of gold’s role in both investment portfolios and broader monetary policies.

Investors currently overlooking Bessent’s stance may find themselves unprepared for a substantial shift in market sentiment, especially if Bessent were to implement strategies that might encourage further investment in gold.

Beyond gold, Costa underscores the potential for Bessent’s policies to catalyze a realignment of the global monetary system.

 In the backdrop of rising debt levels and unprecedented monetary easing, Bessent’s approach could spell a reassessment of the U.S. dollar’s position as the world’s reserve currency. Costa highlights concerns regarding U.S. dollar devaluation, an eventuality that could arise from continued fiscal and monetary expansion. Bessent’s policy maneuvers, especially if pursued aggressively, could contribute to a significant shift in how the dollar is perceived globally.

Moreover, Costa emphasizes that Bessent’s appointment coincides with a notable shift in the geopolitical landscape. As nations like China and Russia work towards alternatives to the U.S. dollar, Bessent’s leadership could either facilitate the U.S.’s response to these challenges or inadvertently accelerate the decline of dollar supremacy.

His policies may not only affect the U.S. economy but also influence global trade dynamics, prompting countries to reevaluate their currency dependencies.

In conclusion, while the market’s initial skepticism surrounding Scott Bessent’s appointment as Treasury Secretary warrants consideration, Tavi Costa’s analysis presents a compelling case for a more nuanced understanding of its implications.

Bessent’s bullish sentiment toward gold, combined with the potential for a reconfiguration of fiscal and monetary policies, suggests a transformative time ahead.

As stakeholders continue to monitor developments, Costa’s insights remind us that the true impact of Bessent’s stewardship may be far-reaching, extending well beyond the confines of the treasury and into the future of global finance.

https://youtu.be/Y9hnKMEfWfM

“Tidbits From TNT” Wednesday 11-27-2024

TNT:

Tishwash: Iraq is the fourth largest Arab country and the 51st largest in the world in the list of the world's largest economies

Iraq ranked 51st globally and fourth in the Arab world on the list of the world's largest economies for the year 2025, according to a report issued by the American magazine "CEOWORLD".

The magazine stated in its report, which Shafaq News Agency reviewed, that the United States will top the list of global economies in 2025 with a gross domestic product of $30.33 trillion, followed by China with $19.53 trillion, Germany with $4.92 trillion, Japan with $4.39 trillion, and then India with $4.27 trillion.

She explained that these countries will lead the impact on the global economy due to their weight in international trade and wealth.

The report added that the top ten will also include countries such as the United Kingdom, France, Italy, Canada, and Brazil, showing a balance between developed and emerging markets.

On the Arab level, the report indicated that Iraq came fourth in the Arab world, with a gross domestic product of $270.87 billion, after Saudi Arabia, the Emirates, and Egypt, while Algeria, Qatar, Morocco, and Kuwait came after it.

At the end of the world ranking, Tuvalu came in last place (196) with a GDP of $79 million, preceded by Nauru with $179 million.'link

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Tishwash:  Al-Sudani Meets the Ambassador of Kuwait to Iraq

Media Office of the Prime Minister said in a statement obtained by the Iraqi News Agency INA that Prime Minister Mohammed S. Al-Sudani met today, Wednesday, the Ambassador of the State of Kuwait to Iraq, Mr. Tariq Abdullah Al-Faraj, on the occasion of the conclusion of his tenure.

The statement read "The Prime Minister expressed his appreciation for the ambassador’s efforts during his time in Iraq, emphasizing the importance of bilateral relations between the two countries. He reiterated the government’s commitment to strengthening cooperation in economic, investment, and other developmental sectors."

It further said "The meeting also underscored the need for joint committees to continue their work and discussions on various issues and files requiring ongoing dialogue and mutual understanding to safeguard the interests of both brotherly nations and promote partnership and solidarity."  link

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Tishwash:  Al-Sudani leaves Baghdad heading to Spain on an official visit

Prime Minister Mohammed Shia Al-Sudani left the capital, Baghdad, today, Wednesday, heading to Spain on an official visit .

The Prime Minister's media office stated in a brief statement received by "Mil" that "Prime Minister Mohammed Shia al-Sudani left the capital, Baghdad, today, heading to Spain on an official visit."  link

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Iraq signs contract with Italian consulting firm on first phase of development road

The Ministry of Transport announced today, Wednesday, the signing of a consulting contract with BTP Company, to provide consulting services regarding the first phase of the Development Road Project (regarding the current railways).

A statement by the Ministry's media office stated that the consulting services contract for the first phase of the development road project was signed between the Iraqi General Railways Company and the Italian company BTP. 

The statement added that the first phase of the project includes preparing a technical and economic feasibility study and design work to rehabilitate, modernize and develop the current national railway network. 

The statement indicated that this vital project is funded by the investment plan for 2024 and according to the directives of the Council of Ministers, to be a strategic line ready for the safe transport of incoming cargo via railway lines, from the Grand Faw Port, which the ministry intends to operate in its first phase during the coming year.

It is noteworthy that Prime Minister Mohammed Shia Al-Sudani recently chaired a meeting with a delegation from the consulting company for the Development Road Project, to discuss the economic model for the project, in the presence of the Minister of Transport, Mr. Razzaq Muhaibis Al-Saadawi. 

During the past two days, the excavation and connection works of the immersed tunnel manufacturing basin with the Khor Al Zubair Canal were completed, in preparation for floating the ten concrete pieces that make up the tunnel in the navigation canal.

The completion of the road linking Faw Port to Safwan City via the immersed tunnel will soon begin, then it will enter through two bridges, as the completion rate of the first bridge has reached 98%, and the second 96%. While the completion rate of the quay structures for the container terminal has reached 100%, and the road linking Faw and Umm Qasr ports 92.43%, with increasing completion rates in the immersed tunnel, and the completion rate in the first phase of marine excavation and backfilling works has reached 79.33%. As for the navigation channel of the Grand Faw Port, the completion rate has reached 77.41%, and the completion rate in the port components is 81%, and in the container yard 88%  link

Mot: . Ya Ready -- Heres how to cook a turkey

Mot: ""Earl"" Always Aiming to Please he is! 

Seeds of Wisdom RV and Economic Updates Wednesday Morning 11-27-24

Good Morning Dinar Recaps,

TRUMP EYES HANDING CFTC OVERSIGHT OF CRYPTO: REPORT

Donald Trump's team is considering handing the regulation of crypto exchanges and spot markets for cryptocurrencies deemed commodities to the CFTC.

Donald Trump’s incoming administration reportedly wants the US Commodity Futures Trading Commission to oversee the crypto industry — a move that could drastically roll back some of the regulatory power from the Securities and Exchange Commission.

The role could see the CFTC take on the regulation of spot markets for digital assets deemed commodities and crypto exchanges, Fox Business reported on Nov. 26, citing sources familiar with the matter.

United States President-elect Trump’s team says the SEC’s enforcement actions against industry players have slowed crypto innovation in the US and that a less stringent approach is needed to facilitate growth, Fox reported.

If the CFTC is handed regulatory control of crypto, it would be a big win for the industry, which has long signaled the agency would be its preferred regulator as it’s perceived to be fairer and has a lighter touch.

“With adequate funding and under the right leadership, I think the CFTC could hit the ground running to begin regulating digital commodities on day one of Donald Trump’s presidency,” former CFTC chair Chris Giancarlo told Fox.

Giancarlo tried to convince the Senate Agriculture Committee — which oversees the CFTC — to support the CFTC’s oversight of the spot crypto market by noting that the regulator had called Bitcoin a commodity in 2015.

The CFTC approved Bitcoin options under Giancarlo’s leadership in December 2017.

Current CFTC Chair Rostin Behnam, who shares mostly moderate views on crypto, asked the Senate Agriculture Committee for extra funding to regulate crypto markets more effectively.

The CFTC’s $706 million operating budget to police fraud and market manipulation is more than four times smaller than the SEC’s $3 billion for the 2024 financial year.

The commodities regulator employs only about 700 staff compared to the SEC’s 5,300.

Around 50% of the CFTC’s enforcement actions have been brought against crypto businesses in 2024 — which Behnam has called a “staggering statistic” for an agency that isn’t mandated to regulate the industry.

Some of this enforcement action has come against crypto companies that are not even US-based.

Meanwhile, the SEC’s leadership is set to change, with Chair Gary Gensler confirming last week that he will resign on Jan. 20, 2025, when Trump is inaugurated.

SEC Commissioner Jaime Lizárraga will also step down from his position on Jan. 17, motivated by a desire to spend more time with his wife, who is reportedly battling cancer.

@ Newshounds News™

Source:  CoinTelegraph

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🇲🇦 MOROCCO’S CENTRAL BANK DRAFTS CRYPTO LAW

The Bank Al Maghrib has drafted a law to regulate crypto assets, currently under review for adoption. Governor Jouahri also revealed that the bank is studying the potential of a central bank digital currency (CBDC) to meet financial policy goals.

@ Newshounds News™

Source:  Crypto Insider

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BRAZIL CONGRESSMAN PROPOSES CREATING A NATIONAL BITCOIN RESERVE

A congressman from Brazil has officially proposed a bill to establish a strategic Bitcoin reserve in the country: the Bitcoin Sovereign Strategic Reserve. The Reserva Estratégica Soberana de Bitcoins (RESBit) aims to diversify the country’s Treasury. According to Portal do Bitcoin, a Brazilian media platform, Congressman Eros Biondini filed the proposal on Monday.

“The creation of RESBit is a strategic measure that positions Brazil as a leader in the new digital economy, reducing economic risks and expanding opportunities for technological and financial development,” wrote Biondini in the justification for the bill. “The approval of this project is essential to guarantee the country’s economic sovereignty and align Brazil with global innovation trends.”

As presented, the bill stipulates planned and gradual acquisitions of Bitcoin, up to 5% of Brazil’s national reserves. Biondini’s proposal would also make the Central Bank of Brazil responsible for the acquisition and management of the RESBit.

Brazil’s cryptocurrency market now stands as the 10th largest in the world, according to Chainanalysis data. Brazil has seen a rise in crypto exports over the last two months, likely contributing to the pitch of a new Bitcoin reserve.

The king cryptocurrency by market cap has surged to new all-time highs over the last month following the US election. Additionally, the country has seen an influx of stablecoin usage within the country. The US dollar-pegged digital asset accounted for almost 70% of all crypto-related transactions.

Multiple countries and governments around the world have turned the tide on crypto regulation. Nations are opting to involve the growing industry in everyday finance. Brazil as a BRICS member has been forward in involving crypto within the bloc, especially Bitcoin and Ripple (XRP).

Central banks and corporate interest in Bitcoin and blockchain technology continue to rise worldwide. While there is some opposition, as seen in Europe as an example, it is clear that most are in favor of establishing crypto reserves. The US is even seeking a similar program under incoming president Donald Trump.

@ Newshounds News™

Source:  Watcher Guru 

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INSIDE THE HIDDEN POWERS OF US SHERIFFS  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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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

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Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Newsletter

Thank you Dinar Recaps

News, Rumors and Opinions Wednesday AM 11-27-2024

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. 27 Nov. 2024

Compiled Wed. 27 Nov. 2024 12:01 am EST by Judy Byington

Especially with the worldwide EBS Alert and ten days of communication darkness on it’s way in the very near future, it’s only wise to have at least a month’s supply of food, water, cash, medicine and essential items on hand for yourself, your family and to share with others.

Global Currency Reset:

Tues. 26 Nov. 2024 Wolverine: “In regard to Med Beds they said they would come out within 48 hours. The 48 hours started yesterday Mon. 25 Nov. We are going to have a beautiful, beautiful Christmas, guys.”

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Tues. 26 Nov. 2024 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#

Several sources said before Thanksgiving with our exchanges starting tomorrow Wed. 27 Nov. 2024.

Some sources said the Iraqi Dinar and all the other currencies are to be placed on the Forex tomorrow Wed. 27 Nov.

Space Force: Tomorrow Wed. 27 Nov. between 6-8 am the VND would be on a bank exchange rate translated to English of just under $4. The Tier4b rate should be extremely higher.

This evening another source said that the intention is for this to go Wed. 27 Nov. 2024.   

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Restored Republic:

Military leaders emphasize that the EBS will be a turning point and paving the way for humanity’s liberation. -> U.S. Military Leaks

THE VATICAN VAULTS: WHAT THEY HID FROM US: A major new revelation involves the recent raid on the Vatican’s hidden archives. Newly leaked details confirm that operatives recovered centuries-old documents revealing the global elites’ coordinated efforts to suppress human potential. Among the findings were maps of hidden energy grids, evidence of suppressed free-energy devices, and texts describing how the Vatican helped orchestrate mass control through fear.

Additionally, gold and treasure stolen during centuries of conquest have been seized and are now being transported to secure locations. This wealth, estimated to exceed $500 trillion, will reportedly be redistributed to the people through the Quantum Financial System.

Read full post here:  https://dinarchronicles.com/2024/11/27/restored-republic-via-a-gcr-update-as-of-november-27-2024/

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

PompeyPeter  A lot of people "called it".  A lot of people got egg on their faces.  Everybody get's it wrong from time to time and everybody has to take their turn.  There are gurus out there with egos the size of a planet...who just can't hold their hands out and say, 'Oops, I got it wrong'...There was a slim chance, a slim chance, it could have gone but that chance depended on B320 which has to do with the bond auction... [Post 1 of 2]

PompeyPeter  These are not the normal auctions these are the bond investment auctions which they were given 14 days to get onboard with...They would conclude the 26th...The purpose of those bonds was largely to give back IMO to the people...to invest, get their chunky dinars out, get some more of them off the streets and they could invest in their country.  What it would mean is they get a nice interest rate when they matured in a very short time and it also meant they get the big lovely bonus of extra purchasing power when the RV occurred.  They are due to complete [today 11/26/2024]   [Post 2 of 2]

The Fiat System is COLLAPSING: Will GOLD Or Bitcoin Replace it? | John Rubino

Capitalcosm:  11-26-2024

https://www.youtube.com/watch?v=HNvY504R8NA

Get Ready for $4,000 GOLD - It All Leads To It! | Lawrence Lepard

Soar Financially:  11-26-2024

In this episode of Soar Financial, we welcome back Lawrence Lepard, managing partner at Equity Management Associates, to discuss the future of gold and Bitcoin.

Get ready for $4,000 GOLD & $200,000 BITCOIN as Larry shares his bold predictions and insights on market dynamics, the impact of U.S. elections on sound money, and the policies of a new U.S. Treasury Secretary.

We also dive into the competition between gold and Bitcoin, explore the U.S. dollar's role as a reserve currency, and analyze investment strategies for uncertain times.

If you're curious about the future of sound money and how to navigate these markets, this episode is packed with valuable insights.

https://www.youtube.com/watch?v=d2C0Z_74k5U

Seeds of Wisdom RV and Economic Updates Tuesday Evening 11-26-24

Good Evening Dinar Recaps,

IS RIPPLE CEO BRAD GARLINGHOUSE PICK FOR DONALD TRUMP’S CRYPTO CZAR?

Ripple CEO Brad Garlinghouse is rumored to be Donald Trump's pick for Crypto Czar as Ripple eyes IPO and expands post-SEC victory.

▪️Ripple CEO Brad Garlinghouse may become Trump's Crypto Czar, says ex-executive Sean McBride.

▪️50M XRP tokens, worth over $70M, recently moved between unidentified wallets.

▪️Ripple preps for IPO and leadership change as SEC legal battle ends.

Ripple CEO Brad Garlinghouse has become a key figure in discussions around the rumored “Crypto Czar” position in Donald Trump’s White House. Speculation about Garlinghouse’s potential role in shaping U.S. crypto policy gained momentum following comments from former Ripple executive Sean McBride.

This comes amid notable developments in the crypto industry, including the movement of 50 million XRP tokens valued at over $70 million between unidentified wallets.

Ripple CEO Brad Garlinghouse Pick for Donald Trump’s Crypto Czar?
The concept of a “Crypto Czar” role emerged as Donald Trump’s incoming administration considers creating a dedicated position to oversee crypto policy. Former Ripple executive Sean McBride hinted at the possibility of Ripple CEO Brad Garlinghouse stepping into this role. McBride shared his thoughts on X (formerly Twitter), saying,

“There is a real and growing possibility Brad Garlinghouse will be chosen as Trump’s new Crypto Czar.”

According to McBride, Garlinghouse may step down from his position as Ripple CEO if appointed. He also suggested that Ripple already has plans for leadership succession. This potential move aligns with Ripple’s recent resolution of its legal battle with the SEC, a development that may allow Garlinghouse to take on broader responsibilities.

Ripple, under Brad Garlinghouse’s leadership, has become a leading player in the blockchain and digital asset space, with its native token XRP seeing renewed attention from investors. The company has been preparing for an IPO and expanding its offerings, positioning itself for future growth.

Crypto Community Divided on Candidates for Crypto Czar
While Ripple CEO Brad Garlinghouse’s name is in the spotlight, other candidates are also being considered for the role. 

Chris Giancarlo, the former chairman of the Commodity Futures Trading Commission (CFTC), is viewed as a strong contender. Known as “Crypto Dad,” Giancarlo has consistently supported regulatory clarity for blockchain and digital assets. Reports suggest Giancarlo removed himself from consideration for SEC Chair, leaving him available for the crypto-specific role.

Another candidate is Brian Armstrong, CEO of Coinbase. Armstrong has received public support from Charles Hoskinson, founder of Cardano. Hoskinson emphasized Armstrong’s ability to navigate regulatory challenges and unite the crypto industry. Armstrong has reportedly met with Trump’s team to discuss crypto policy, fueling speculation about his potential appointment.

Former Comptroller of the Currency Brian Brooks and Ripple’s Brad Garlinghouse are also viewed as viable choices. Each candidate brings unique experience to the role, with Trump’s team said to be carefully vetting options before making a decision.

Ripple Timing Could Influence Garlinghouse’s Move
Garlinghouse’s potential transition to a government role comes at a pivotal time for Ripple. With its lengthy SEC legal battle largely resolved and plans for an IPO rumored, the company is in a strong position. Former Ripple executive McBride commented,

“I think the timing works for Brad and Ripple given some of the other things happening publicly and behind the scenes.”

Ripple has also been focused on product launches and potential mergers, signaling a period of growth and transformation. If Garlinghouse steps down, Ripple is expected to have a smooth leadership transition, ensuring continued progress in the rapidly evolving blockchain space.

@ Newshounds News™

Source:  CoinGape

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BRICS MOVING AWAY FROM THE DE-DOLLARIZATION AGENDA

Russia’s President Vladimir Putin proudly displayed a mock-up currency bill at the 16th summit in Kazan this year. The BRICS alliance clarified that the banknote is unofficial and was only a display presented by Putin. The theatrics of a BRICS currency followed Russia’s de-dollarization agenda to evade sanctions.

However, the de-dollarization agenda has no takers even among the existing BRICS members. Countries like India, South Africa, and Brazil are slowly taking a step back as the dust settles after the summit. Only desperate countries like Russia, China, and Iran are advancing de-dollarization using BRICS as a stepping stone.

BRICS: Russia & China’s De-Dollarization Plans Find No Takers

No serious development about launching a new BRICS currency is taking shape within the bloc. The formation of a BRICS currency is consensus-based and needs the approval of all members before taking shape. India has distanced itself from the de-dollarization agenda despite being a member of the BRICS alliance.

India needs the US dollar to survive, as without it, its goal of becoming the third-largest economy will stall. The Indian economy is closely tied to businesses in the US for the IT sector, not other BRICS countries. The de-dollarization initiative pushed by BRICS members Russia and China will only hamper India’s economy and businesses.

China and Russia are only using the BRICS bloc to further their agenda of global financial domination. Even Iran has joined the bandwagon as its economy is battered by US sanctions. While BRICS de-dollarization is growing slowly, it has now become a ‘one step forward and two steps back’ type of approach.

The steps to de-dollarization are long and hard and without unity from the members, it will remain a distant dream. The US dollar has more benefits than other currencies as it can sustain the harsh yet competitive currency markets.

@ Newshounds News™

Source:  Watcher Guru

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MIND-BLOWING MONEY LAUNDERING SECRETS HSBC DOESN'T WANT YOU TO KNOW  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

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Q & A Classroom Link  

Follow the Roadmap

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The Next Generation Of Employees Will Work 3.5 Days A Week And Live To 100 Years Old

Jamie Dimon Says The Next Generation Of Employees Will Work 3.5 Days A Week And Live To 100 Years Old

Eleanor Pringle  Updated Tue, November 26, 2024  Fortune

JPMorgan CEO Jamie Dimon is shaking off doomsday predictions about what AI means for humanity—instead laying out how he sees the technology vastly improving businesses and the work-life balance of their employees.

Even Dimon—a fierce advocate of long-established career norms such as working hard, being prepared for anything, and working in the office—says future generations of employees could work a day and a half less every week, thanks to AI.

As well as the workweek shrinking from five to three and a half days a week, Dimon also predicts that staff in the future could live to 100 years of age.

Thousands of people at America’s biggest bank are already using the technology, Dimon told Bloomberg TV, adding that artificial intelligence is a “living breathing thing” that will shift over the course of history.

The technology may be utilized by JPMorgan for a vast range of areas—errors, trading, research, and hedging to name a few—arguably illustrating fears that AI will take the jobs of human counterparts.

Goldman Sachs predicts that approximately 300 million jobs will be lost to the technology, with around a quarter of the American workforce fearing in the future they will lose their roles to artificial intelligence.

But the advance of technology is also something societies have grappled with before, Dimon pointed out, adding that with AI and large language models there are also huge opportunities to improve living standards.

“People have to take a deep breath,” Dimon said. “Technology has always replaced jobs. Your children are going to live to 100 and not have cancer because of technology, and literally they’ll probably be working three and a half days a week.”

Employees could scale back on their working hours, thanks to the technology being used to automate some of their activities, McKinsey found in a report published last year.

TO READ MORE:   https://www.yahoo.com/finance/news/jamie-dimon-says-next-generation-120500753.html

More News, Rumors and Opinions Tuesday PM 11-26-2024

KTFA:

Clare:  Iraqi Parliament adjourns session after first discussion of amending triennial budget law

11/26/2024

The Iraqi parliament, headed by Mahmoud Al-Mashhadani, adjourned its session held today, Tuesday, after a first discussion to amend the Triennial Budget Law and two other laws.

The Iraqi Council of Representatives held its 17th regular session for the third legislative year, the second legislative term, headed by the new Council Speaker Mahmoud Al-Mashhadani, with the attendance of 168 representatives. 

According to the media department of the House of Representatives, the House voted to extend its legislative term for one month. 

The Council completed the first reading of the draft law amending the first law of the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023 - 2024 - 2025) No. (13) of 2023.

He also completed the first reading of the draft law amending the fifth amendment to the Civil Aviation Law No. (148) of 1974.

He also completed the first reading of the draft law regulating the rights of the victims of Ibn Al-Khatib Hospital, the victims of Al-Naqa Center, and the victims of the Al-Hamdaniya incident.

During the session, (Hello Mustafa Kaka Reda) took the constitutional oath as Minister of Environment. LINK

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Clare:  Parliamentary Committee: Parliament will vote on the Industrial Investment Law in its next session

11/26/2024

Deputy Chairman of the Parliamentary Investment Committee, Hussein Al-Saabari, confirmed on Tuesday that the Industrial Investment Law will be voted on in the next session of Parliament, pointing out the importance of the law with regard to customs and tax exemptions as well as banks’ support for the industrial sector. 

Al-Saabari told Shafak News Agency, "The House of Representatives will vote in the next session on the Industrial Investment Law, which is considered one of the important laws in the field of investment, and the law is considered the beginning of the industrial movement in Iraq." 

He pointed out that "this law is considered an important shift in industrial investment, as it contains many articles, including customs and tax exemptions, as well as bank support for the industrial sector and other articles that serve industrialists."

Al-Saabari explained that "there is an article in the law that includes the ownership of land by industrial investors outside the municipality's borders and the basic design."  LINK

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Clare:  Oil Committee meets to discuss budget amendment text regarding Kurdistan oil

11/26/2024

Baghdad - WAA - Wissam Al-Mulla

The Oil, Gas and Natural Resources Committee held a meeting today, Tuesday, to discuss the text of the budget amendment regarding the Kurdistan Region's oil.

The correspondent of the Iraqi News Agency (INA) said, "The Oil, Gas and Natural Resources Committee held a meeting today to discuss the text of the budget amendment regarding the Kurdistan Region's oil," indicating that "the dates and schedule for hosting the Ministry of Oil officials for the coming week were discussed."
He added that "the reports of the temporary subcommittees formed were discussed," noting that "the date of the periodic meeting at the Ministry of Oil was set to review the achievements of the oil sector and the government program."  LINK

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

Militia Man  All of those things over the last 21 years that they've been working on are now coming to a final end because they're getting to that stage where Iraq is ready to hit the ground running.  They have the saturation.  They have the education for the citizens...well over $110 billion in reserves...153 tons of gold...Their coverage is completely well done for their currency that they have outstanding.  That's a really good sign.

Frank26  I bought my first dinars back in 2004 when they were commissioned by the IMF to print new currency.   I jumped on it right away.  A million back then was between $500 and $600.  Do you realize I have doubled my money if I was to go in and cash my dinars in right now.  I'd walk out with a profit.  But I don't.  That's not my end goal.  I'm looking for the Real Effective Exchange Rate.  That will only occur in float.  It will only float once they release the new currency with a new rate.  IMO that's what we're witnessing right now.

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How IQD Investors Can Invest Iraqi Stock Market

Edu Matrix:  11-26-2024

How IQD Investors Can Invest in the Iraqi Stock Market - IQD Rate at 1302! Israeli-Iraq Conflict Brewing and Important Call to PM Last Thursday.

 Discover how to invest in the Iraqi Stock Market as a foreigner! Learn how to open a trading account, find the right broker, and navigate opportunities in one of the most intriguing emerging markets.

This guide covers key investment tips, potential risks, and how to tap into Iraq's growing economy with sectors like banking, telecom, and energy.

Perfect for beginners and experienced investors looking to diversify their portfolios internationally!"

https://www.youtube.com/watch?v=OMiiY9mpAOo

Is America Headed for Gold-Backed Money? (And What it Means for You)

Is America Headed for Gold-Backed Money? (And What it Means for You)

Daniela Cambone:  11-26-2024

“The debt spending is going to accelerate… and silver is going to go higher,” says Garrett Goggin, founder and publisher of the Golden Portfolio newsletter.

Speaking with Daniela Cambone, he explains that silver is on track to reach a three-digit high due to its strong connection to the economy. Goggin also expresses optimism about the U.S. economy, predicting an era he calls “America’s great awakening” under Trump 2.0.

Reflecting on historical trends, he suggests a strong correlation between societal decline and the abandonment of the gold standard, stating, “Why did this all happen around the 70s? It's because America got off the gold standard, and then it became all about big business.

 Citizens' health took a back seat to that.”

CHAPTERS:

0:00 Post-election economic analysis

 6:53 Correlations between gold and society

8:07 U.S. economy

10:00 Silver

14:13 Bitcoin

15:40 How will gold perform?

https://www.youtube.com/watch?v=rbwlHAB-P1s

The Financial Iron Curtain Going Up Between BRICS and the G7

Matt Riley: The Financial Iron Curtain Going Up Between BRICS and the G7

Palisades Gold Radio:  11-25-2024

Tom welcomes retired naval officer Matt Riley to the show. Matt shares his background in economics and global affairs and expresses his interest in the developing BRICS system. They discuss the BRICS alliance's diplomacy, economic cooperation, and representation goals.

Matt explains nBRIDGE, a decentralized settlement system, with gold acting as a stable store of value for settling trade imbalances.

Matt explains the use of gold in net settlement currencies and direct payment methods for energy transactions between BRICS Nations.

The bilateral central bank and exchange agreements create a decentralized system, with Dubai being the second-largest gold trading hub due to its diplomatic neutrality.

Matt discusses the potential implications of the BRICS currency system on oil, gold, and silver. He suggests a more stable energy pricing structure could benefit all parties. Maintaining stability in energy prices is crucial for everyone's benefit.

The current system is serving BRICS nations by isolating them from the serious debt problems associated with the US dollar-based system. Lastly Matt encourages listeners to shift focus from financial assets to community and social capital for true wealth and happiness.

Time Stamp References:

 0:00 - Introduction

0:34 - BRICS & Payment Systems

 4:15 - Brief History of BRICS

10:22 - nBRIDGE Exchange System

13:43 - Gold's Settlement Role

15:08 - Basket Structure?

16:41 - Volume of Use?

18:32 - Exchange Dubai vs. London

 20:32 - BRICS Summit Russia

27:43 - Playing Both Sides?

31:24 - PMs & The Road Ahead

35:54 - Silver Role & Industry

40:07 - Oil & Dollar Hegemony

 46:14 - Expectations for BRICS

48:40 - Bypassing Sanctions

 50:50 - Change Mindset & Focus

53:15 - Wrap Up

Talking Points From This Episode

The BRICS alliance explores decentralized digital currency exchange systems like nBRIDGE for economic cooperation and diplomacy.

Matt discusses gold's role in net settlement currencies and stable energy pricing within the BRICS system.

Matt highlights potential benefits of the BRICS currency system, such as stability in energy pricing and reduced reliance on US dollar.

https://www.youtube.com/watch?v=QjOCOUqo8C4

“Tidbits From TNT” Tuesday 11-26-2024

TNT:

House of Representatives votes to extend legislative term for one month

The House of Representatives voted, today, Tuesday, to extend its legislative term for one month.

Today, Tuesday, the Speaker of the House of Representatives, Mahmoud Al-Mashhadani, opened the 17th session with the attendance of 168 representatives.  link

Tishwash:  Al-Alaq: The monetary situation in Iraq is excellent and our reserves support the stability of the exchange rate

The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Monday, that the monetary situation in Iraq is very excellent, noting that “the increase in the volume of reserves enables us to support the exchange rate and achieve monetary stability.”

Al-Alaq added in a press statement that the Central Bank is distinguished by its ability to "respond to providing the country's needs for currency," indicating that "foreign transfers for trade purposes are proceeding smoothly after the implementation of the new system."

Al-Alaq revealed that "the Central Bank will launch a new mechanism for travel or treatment transfers next year," stressing that "there are agreements with four companies to launch a new mechanism for travel or treatment transfers."  link

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Tishwash:  Talk about "fair prices" for oil.. Meeting between Al-Sudani, Russian Prime Minister and Saudi Energy Minister

Prime Minister Mohammed Shia al-Sudani held a joint meeting with the Russian Deputy Prime Minister and the Saudi Minister of Energy to discuss the "energy market situation." 

According to a statement issued by Al-Sudani's media office, a copy of which was received by Al-Jabal, "Mohammed Shia Al-Sudani held a joint meeting with Russian Deputy Prime Minister Alexander Novak, and Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al Saud."

The meeting witnessed "discussions on the conditions of global energy markets, and matters related to the production of crude oil, its flow to markets, and meeting demand."

He added, "The importance of maintaining stability, balance and fair prices was emphasized, while emphasizing the vital role played by the OPEC Plus group in this regard."  link

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Tishwash:  Al-Sudani: Iraq must always be at the forefront

Prime Minister Mohammed Shia al-Sudani said today, Sunday, November 24, 2024, that: "Iraq must always be at the forefront."

Al-Sudani participated in the memorial ceremony held by the Ministry of Foreign Affairs today, Sunday, on the occasion of the centenary of the establishment of the ministry.

In his speech at the ceremony, Al-Sudani congratulated the centenary of the founding, which occurred in 1924, and the launch of diplomatic work for the modern Iraqi state, and the transition of the country, after independence and joining the League of Nations, to become an effective international and regional pillar among nations.

Al-Sudani reiterated the government's keenness since the beginning of its work to pay great attention to foreign affairs and its institutions based on our country's supreme national interests and constitutional constants, stressing the need to prepare a new generation of young diplomats who believe in the new democratic political system, and this matter will receive the support and attention of the government.

He touched on the humanitarian efforts that Iraq provided to the Palestinian and Lebanese brothers, in addition to the political and diplomatic efforts to prevent the war from spreading and expanding.

Al-Sudani said in the most prominent part of his speech during the Foreign Ministry ceremony:

Iraq is one of the most prominent founding members of the United Nations and its subsidiary organizations, which gave it an international presence and a focal point in many of the pivotal events in the history of the region.

 The Ministry of Foreign Affairs has maintained the spirit of diplomatic work and its basic traditions.

Iraq suffered from isolation due to the policies of the former dictatorial regime, and quickly regained its centrality and position after 2003.

The Ministry of Foreign Affairs was able to perform its national role, which expressed in a distinctive way the new Iraq and contributed to peace, security and openness to all.

We established an important and fixed principle that we called “productive diplomacy” to be the basis of our foreign work.

Our standard in drawing up relations with the countries of the world is to adopt the principle of partnership and bilateral relations based on equality and management of interests, in a way that guarantees Iraq its rights, independence of decision, and sovereignty.

At the beginning of the government, we focused on strengthening relations with countries in the region and the world, and we hosted many international events.

We launched the Vital Development Road Project, which represents an Iraqi diplomatic message before it is an economic one.

We have recalled the role of the Ministry of Foreign Affairs to end the mission of the international coalition and organize relations with its countries on a comprehensive bilateral basis.

The strategic framework agreement to regulate relations with the United States of America has been revived.

We are proud of our government’s achievement in completing the political and institutional construction of the state.

We agreed to end the UN political mission of UNAMI and continue working with the specialized UN agencies.

Iraq has become, by the United Nations’ recognition, a country that has fulfilled all the conditions for democratic, political and developmental transformation.

Iraq called early on to intensify efforts to end the war in Palestine and Lebanon, protect civilians, and work to prevent the war from expanding.

The Zionist entity threatened Iraq with flimsy pretexts that reveal its aggressive intentions, which required us to emphasize not to make Iraq a launching pad for any attack.

We directed the Ministry of Foreign Affairs to follow up on the Zionist threat file in international forums to prevent the entity’s attempts to ignite war in the region further.

The International Criminal Court has issued arrest warrants against the entity's prime minister and former defense minister, which confirms the entity and its leaders' aggressive and criminal behavior.

Our diplomatic missions are called upon to play an active role in clarifying the Iraqi position, which preserves its principles and guarantees the supreme interests of the country.  link

Mot: .......... At least I brought the carrots

Mot:  . and then - Pooof!! -- Next Week