They Have To Get This Right For America To Have A Real Chance

They Have To Get This Right For America To Have A Real Chance

Notes From the Field By James Hickman (Simon Black)  December 5, 2024  

On November 20, 1945, an international tribunal first convened in the Bavarian city of Nuremberg to prosecute key leaders of Nazi Germany for crimes against humanity. The Nuremberg Trials were a key aspect of holding individuals accountable for the brutal acts and genocide committed under Nazi rule.

High-ranking officials, including Hermann Göring and Rudolf Hess, faced charges, and they tended to grab most of the headlines. But plenty of lower ranking officers, and even doctors, faced trial as well. Naturally they tried to defend themselves by claiming they were “only following orders”.

But the Nuremberg Trials established a clear precedent that moral responsibility falls on the individual who committed the crime. “Only following orders” is simply not a valid justification for blatant wrongdoing.

It’s always dangerous territory to bring up the Nazis in any intellectual argument because it’s just so sensational. But in this case the analogy is an important one because we’re ultimately talking about accountability.

Bureaucrats and politicians in the US government commit outrageous, egregious acts of wasteful mismanagement on a daily basis. A lot of it is even deliberate.

And yet no one is ever held accountable. The conservative writer Thomas Sowell once argued that “it is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.”

People in the private sector pay for their mistakes all the time. Businesses who don’t deliver value soon find themselves without customers. Employees who don’t do good work find themselves out of a job.

But government officials have squandered trillions of dollars. They locked down businesses, forced experimental vaccines on children, censored free speech, and violated just about every right imaginable.

How many have been truly held accountable?

TO READ MORE: https://www.schiffsovereign.com/trends/they-have-to-get-this-right-for-america-to-have-a-real-chance-151850/

More News, Rumors and Opinions Thursday PM 12-5-2024

Gold Telegraph: Change is Happening in the Global Financial System

12-4-2024

China has announced a ban on rare mineral exports to the United States.

Again, Financial assets vs. Elements.

BREAKING NEWS: DEVELOPING COUNTRIES SPENT A RECORD $1.4 TRILLION TO SERVICE THEIR FOREIGN DEBTS IN 2023 AS INTEREST COSTS CLIMBED TO A 20-YEAR HIGH

You wonder why change is happening in the global financial system?

The BRICS nations collectively accounted for about $578 billion in United States imports. There is good reason for the United States to be worried about BRICS nations reducing their dependency on the dollar. The dollar currently serves as the economic heartbeat of America.

BREAKING NEWS: CHILE AIMS TO INVEST $83 BILLION IN MINING THROUGH 2033

This is the world’s biggest producer of copper.

“About 52% of spending totaling $42.96 billion is pegged for projects planned between 2024 and 2026…”

Source: https://www.reuters.com/markets/commodities/chile-aims-invest-83-bln-mining-through-2033-newspaper-says-2024-12-04/

Many Chinese metal importers have stopped buying United States copper scrap in anticipation of tariffs.

Finance vs. Elements.

China is the biggest importer of copper.

Russian President Vladamir Putin questioned holding state reserves in foreign currencies, citing risks of political confiscation. Countries around the world pay close attention to these types of comments. Gold.

Jerome Powell says:

“There is very, very broad support for the Federal Reserve to pursue monetary policy for the benefit of all Americans at all times.”

Thank you, Mr. Powell, for providing the joke of the day.

The French government has collapsed.

The world is a cold place, maybe that’s why I gravitate to gold. What can you trust?

https://dinarchronicles.com/2024/12/04/gold-telegraph-change-is-happening-in-the-global-financial-system/

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Ariel (@Prolotario1): Showed the Iraqi Dinar to a Capital One Manager

I was showing a manager at Capital One the other day all the accounts on X some who I know have Iraqi Dinar. On how people want this to be a scam more than they want me or my followers to be right about holding it for an ROI.

And this manager already has multiple SKRs from investors he is ready to manage once the new exchange rate is released. I live in the real world. Where results are real-time. Face to face contact with banking offers or services to help compound on your capital.

Online opinions remain a virtual remnants of ideas confined to a digital space that has no bearing on organic human interactions with tangible applications. This is something detractors underestimate. IQD is not a stock. Buying it will not raise the price.

Meaning nobody is currently marking up rates on X who are not selling this currency to you but only giving you a heads up on what will happen once the CBI decides it is the right time to reinstate their currency at parity level with the US dollar. Which is designed to level the playing field for all countries.

Source(s):
https://x.com/Prolotario1/status/1864432194032128123

https://dinarchronicles.com/2024/12/04/ariel-prolotario1-showed-the-iraqi-dinar-to-a-capital-one-manager/

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

Mnt Goat  As investors we all...should realize that there is a deal with China and Iraq on providing oil at a fixed price. This deal was brokered by the US Treasury and it included pre-selling some of the U.S. oil credits to China at a fixed price. But these are credits and these credits only materialize when we, as investors then exchange our dinar.  Yes, billions in oil credits...  I talked about these oil credits...when I described... how this RV would be paid for...

Frank26  Everything is in place for the monetary reform to be given to the Iraqi citizens.  The Prime Minister and Alaq are telling the citizens we are 95% done with the monetary reform.  We also know at the end of this year, December 31st, the auctions come to an end...It was the dollar that was keeping the Iraqi dinar stable.  What are you going to do when you don't have the auction?  When you cannot use the dollar anymore in your country?  ...You gave the dollar because the dollar had a very good exchange rate.  Now the dollar is taken away you need a very good exchange rate.  That is exactly what they are doing in my very strong opinion.  They're saying we're at 95%.  Where's the 5%?  IMO it's an awful lot of different things being requested by Donald Trump by Iraq...

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"Markets HORRIFICALLY OVERVALUED As Insiders Head For The Exits" - Mike Maloney

12-5-2024

“If this is a measurement of the scale of our bubble…that is saying…this is horrifying.

This is absolutely horrifying. If this reverts to the mean, we are talking about a Modern Dark Age. And the informed people on the Titanic, are getting into the lifeboats right now.

That is what’s going on.” –

https://www.youtube.com/watch?v=LsY5dblyK9Q

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 12-05-24

Good Afternoon Dinar Recaps,

CITI, JP MORGAN, OTHERS COMPLETE TOKENIZATION SETTLEMENT TRIALS

Ten institutions completed simulated trials of the Regulated Settlement Network (RSN), exploring the use of a shared DLT network to settle tokenized transactions. It was an extension of previous trials of the Regulated Liability Network conducted last year, which included tokenized commercial bank money and tokenized central bank money on the same network.

This time tokenized Treasuries and investment grade bonds were also on the shared ledger, enabling delivery versus payment for wholesale transactions. The trials also explored interoperability with external DLT networks.

Securities Industry and Financial Markets Association (SIFMA) acted as coordinator for the institutions involved, which were Citi, J.P. Morgan, Mastercard, Swift, TD Bank N.A., U.S. Bank, USDF, Wells Fargo, Visa, and Zions Bancorp, led by SIFMA.

The group published three reports on the business, technology and legal aspects and will hold a virtual briefing on the RSN trials at 1pm Eastern Time.

The Benefits of Shared DLT Ledgers

Shared institutional networks for tokenized assets are attracting attention for several reasons. If a tokenized Treasury is settled using central bank money on the same ledger, settlement risks are eliminated almost entirely. Smart contracts enable automation and straight through processing. And always-on networks allow for settlement outside of working hours and batch cut off times. That could prove especially convenient to assist overseas clients.

Five thoughtful use cases each demonstrated different benefits. While immediate settlement of Treasury transactions is risk free, institutions prefer net settlement to reduce cash demands.

Today just 20% of repo transactions are centrally cleared, but new SEC rules will require a far larger proportion. Hence, one of the use cases ran a central counterparty (CCP) using the shared ledger that offered multiple settlement windows during the day. That allows firms to settle intraday and take advantage of netting.

While the RSN could become a major network, the group recognizes it won’t be the only DLT network. So other trials explored interoperability with non RSN networks, either using Swift orchestration or via direct APIs.

For example, Mastercard has its Multi Token Network (MTN) which tested payments between two banks using MTN. The interbank settlement was performed on the Regulated Settlement Network (RSN) using central bank money.

Meanwhile, RSN trials used the Canton DLT from Digital Asset. Deloitte assisted SIFMA in coordinating the project and Sullivan & Cromwell provided legal input.

Contributors included BNY Mellon, Broadridge, the  Depository Trust and Clearing Corporation (DTCC), International Swaps and Derivatives Association (ISDA), Tassat Group, and the non profit MITRE Corporation. The New York Innovation Center (NYIC) at the Federal Reserve Bank of New York participated as a technical observer.

@ Newshounds News™

Source:  Ledger Insights

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VANCOUVER MAYOR PUSHES BITCOIN AS RESERVE ASSET IN BOLD FINANCIAL PLAN

Vancouver is the latest city to join the discussions on adding Bitcoin to the government’s financial reserves. At a city council meeting on November 26th, Mayor Ken Sim submitted his notice of motion, where he plans to introduce his proposed Bitcoin bill on December 11th.

The city’s proposal is titled ” Preserving the city’s purchasing power through diversification of financial resources: Becoming a Bitcoin-friendly city. ” It aims to integrate Bitcoin into the city’s financial system and make Vancouver a “Bitcoin-friendly city,” using Bitcoin as a hedge against inflation and promoting economic development.

Vancouver Makes A Move Towards BTC Adoption

Vancouver Mayor Ken Sim is taking the necessary steps to prepare the city for the blockchain. 

As a Bitcoin supporter, Sim is pushing for widespread adoption to hedge against inflation and promote economic development. In a November 27th meeting, Mayor Sim filed a motion of notice detailing his plan to present the proposal to adopt Bitcoin on December 11th.

Under the proposal, Vancouver will transform into a “Bitcoin City” and authorize the city government to diversify its resources to include Bitcoin. If the council approves, residents of Canada’s third-largest city can purchase Bitcoin.

However, it isn’t clear in the proposal if Sim also authorizes setting up a Bitcoin strategic reserve, similar to the one being pushed by US senator, Cynthia Lummis.

Mayor Sim And His Campaign For Bitcoin

Sim is one of the country’s most vocal supporters of Bitcoin. During the campaign, Sim’s party announced it would accept cryptocurrency donations. He explained that their commitment to blockchain technology demonstrates their plan to accept crypto as donations. He also teased the electorate that he will push for crypto-related policies if he wins.

Sim became Vancouver’s mayor in October 2022. During his tenure as city mayor, he rarely gave speeches or talks on Bitcoin and cryptocurrencies. Interestingly, a book titled “The Bitcoin Standard” by Saifedan Ammous was seen in the mayor’s office during his interview with Global News on November 25th. Many observers pointed to this item in his office as evidence of the mayor’s interest in crypto.

Push For BTC Mainstream Adoption Intensifies

Today, Bitcoin continues to surge in price thanks to a growing mainstream adoption. Sim’s move to integrate Bitcoin into Vancouver’s financial system is just one of the many proposals reported recently. According to Jeff Booth, a blockchain author, Mayor Sim’s proposal aims to promote the adoption of Bitcoin as a reserve asset.

Aside from Vancouver, a few states and governments are working overtime to fast-track Bitcoin’s mainstream adoption.

 For example, the state of Florida plans to tap a portion of its pension funds and use it to buy crypto. Pennsylvania is also planning to set up a Bitcoin reserve. Then, there’s the city of Detroit, which teases a plan to accept Bitcoin as a payment option.

@ Newshounds News™

Source:  Bitcoinist   

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MARTIAL LAW VS DEMOCRACY WHICH IS BETTER FOR FREEDOM?  |  Youtube

South Korea's Martial Law and its effects.  It was overturned and only lasted for 6 hours.

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Thank you Dinar Recaps

BRICS Bridge: Unlocking a New Era of Currency Sovereignty and Revaluation

BRICS Bridge: Unlocking a New Era of Currency Sovereignty and Revaluation

Awake-In-3D   December 4, 2024

How BRICS Bridge is challenging traditional financial systems to redefine currency values across emerging markets.

The financial world is undergoing a transformation, and BRICS Bridge is at the forefront of this change. By leveraging advanced blockchain technology, BRICS nations are challenging traditional financial systems and reshaping how currencies are valued. This advanced initiative aims to foster monetary sovereignty, reduce dependence on the US dollar, and unlock new opportunities for emerging markets.

With its promise to streamline cross-border transactions and promote fairer currency valuations, BRICS Bridge could herald a new era of economic equity and innovation.

The Vision Behind BRICS Bridge

BRICS Bridge is more than a payment platform; it represents a strategic response to the financial imbalances perpetuated by reliance on US-controlled systems such as SWIFT and the hegemony of the US dollar in international trade. By fostering financial independence, BRICS Bridge aims to empower emerging economies with enhanced monetary sovereignty and reduced exposure to external geopolitical pressures.

One key aspect of this initiative is the potential to bring currencies from emerging markets into sharper focus. Through its integration of digital currencies and blockchain technology, BRICS Bridge provides a framework for transparent, efficient, and secure transactions, which is poised to influence the revaluation of participating nations’ currencies in the broader financial ecosystem.

How BRICS Bridge Could Trigger Currency Revaluation

1. Decoupling from the US Dollar

A central ambition of BRICS Bridge is to diminish dependency on the US dollar, which has long been the dominant reserve currency. For decades, the strength of the dollar has placed emerging market currencies at a disadvantage, often undervalued due to trade imbalances and external debt obligations denominated in dollars.

With BRICS Bridge enabling transactions in local currencies or digital equivalents, member nations can bypass dollar-based exchange rate constraints. This shift will lead to a recalibration of exchange rates, increasing the valuation of emerging currencies and reflecting their true economic potential.

2. Strengthening Intra-regional Trade with BRICS Bridge

By facilitating faster, cheaper, and more secure cross-border payments, BRICS Bridge has the potential to boost trade among its member states and partners. Greater trade volumes will drive demand for local currencies, naturally improving their valuation.

For instance, if Russia trades directly with India using the ruble and rupee through BRICS Bridge, it eliminates the intermediary role of the dollar. As these transactions scale, the ruble and rupee will result in more robust valuations, influencing regional currency markets.

3. Enhancing Financial Stability with BRICS Bridge

The ability to transact without reliance on Western-dominated systems like SWIFT mitigates the risk of external sanctions and financial isolation. This newfound financial stability is a crucial factor in the revaluation of currencies, as it increases investor confidence and reduces the risk premiums often associated with emerging markets.

For countries like South Africa and Brazil, participation in BRICS Bridge will safeguard their economic interests from the impact of geopolitical tensions, thereby bolstering their currencies’ standing.

The Role of Technology in BRICS Bridge

At the heart of BRICS Bridge lies blockchain technology, which underpins the system’s efficiency, security, and transparency. Blockchain’s decentralized nature ensures that transactions are immutable and verifiable, making it an ideal foundation for a trusted cross-border payment platform.

Additionally, the use of digital currencies and tokens further amplifies the platform’s potential. Unlike traditional fiat systems, these digital assets can streamline compliance processes by embedding regulatory checks within the blockchain itself, reducing delays and administrative costs. This efficiency not only strengthens trade relationships but also enhances the perceived stability of participating currencies, positively influencing their valuation.

Challenges and Uncertainties in BRICS Bridge

Despite its transformative potential, BRICS Bridge faces significant challenges. The United States has expressed concerns that such a system will undermine its economic influence and warned that cooperation with Russia’s financial sector will result in losing access to the dollar. These warnings underscore the geopolitical risks associated with implementing a multipolar financial framework.

Additionally, technical and regulatory hurdles are expected to complicate adoption. Differences in technological infrastructure, legal frameworks, and compliance standards among BRICS nations may complicate the system’s rollout. Addressing these challenges will be essential for the initiative to achieve its full potential and exert meaningful influence on currency revaluation.

A Comparison to the BIS mBridge Platform

BRICS Bridge shares conceptual similarities with mBridge, a multi-CBDC (central bank digital currency) platform previously overseen by the Bank for International Settlements (BIS). While mBridge aimed to explore cross-border digital currency transactions, the BIS stepped back after the project matured, citing its readiness for independent development.

BRICS Bridge, however, is distinguished by its explicit focus on reducing Western financial influence and fostering alliances among emerging markets. This unique positioning aligns the platform more closely with efforts to achieve a Global Currency Reset (GCR), where emerging markets play a central role in reshaping the financial order.

Opportunities for Broader Participation in BRICS Bridge

The success of BRICS Bridge will depend on its ability to integrate additional partners from outside the core BRICS membership. Nations like Oman, Saudi Arabia, and the UAE have shown interest in exploring digital payment systems and blockchain-based trade platforms.

• Oman could serve as a critical conduit between BRICS and Middle Eastern markets.

• Saudi Arabia has already participated in digital currency initiatives like Project mBridge, signaling its openness to similar collaborations.

• The UAE has invested in Distributed Ledger Technology (DLT) and CBDCs to enhance trade flexibility.

• Bahrain could act as a bridge for smoother Gulf integration, bringing additional trade and financial flows into the system.

Expanding participation will not only strengthen the platform but also amplify its impact on currency valuation trends across emerging markets.

The Bottom Line

BRICS Bridge represents a bold step toward a more balanced and inclusive financial future. By leveraging blockchain technology to enable direct, dollar-independent transactions, the platform has the potential to recalibrate the valuation of emerging market currencies, enhancing their global standing.

While challenges remain, the initiative underscores a growing recognition among BRICS nations and their allies that the time has come to reshape the financial order. As BRICS Bridge progresses, it will serve as a critical component of the wider initiative toward a Global Currency Reset, signaling a new era of monetary stability and equity for emerging markets worldwide.

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© GCR Real-Time News

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

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Follow me on Twitter: @Real_AwakeIn3D

News, Rumors and Opinions Thursday 12-5-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 5 Dec. 2024

Compiled Thurs. 5 Dec. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Wed. 4 Dec. 2024 Holly: “GET RRRRREEEAAADYYY!!! I got a call telling me today that the currency exchange companies inside Iraq refused to sell dollars to anybody. Now they are only letting the Dinar stand up inside the country. Going international !!!!!!! The USD no longer exists inside Iraq. Money exchangers inside Iraq can buy USD but cannot sell them.”

Global Financial Crisis:

Wed. 4 Dec. 2024: Breaking News: $980 Trillion of Cabal Money Purged from Banks Unleashes Global Financial Turmoil – amg-news.com – American Media Group

Wed. 4 Dec. 2024: Elon Musk and Senator Mike Lee just shared a thread showing US Government is using our Social Security to fund anything they need extra money for. Senator Tommy Tuberville CONFIRMS they spend our Social Security, “It’s all a scam — what happens, it comes up here, we spend it. This is all a scam. I mean, we got people that’s getting ready to retire that’s gonna try to live off $2k-$3k, Impossible. It’s impossible. Because what happens, it comes up here, we spend it. We’re $35 trillion in debt. We don’t have any money. We’re dead broke. And then taxpayers have $2 trillion in credit card debt. We are in huge trouble. In this body, we had better start figuring that out because we’re gonna have a run on this city here soon, and there’s gonna be about a 150 million people coming up here saying, where’s our damn money that we paid in?”

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TUES. 3 DEC. 2024 GEOPOLITICAL UPDATE: THE CALM BEFORE THE STORM …Gitmo TV on Telegram

The world is standing on the precipice of history. With the global economy teetering on the edge of collapse and election fraud rampant across nations, brace yourselves for an Earth-shattering series of events that will shake the foundations of the global elite. Here’s what’s coming:

MARK YOUR CALENDARS: Global Emergency Broadcast System (EBS) Alerts: Prepare for worldwide alerts starting Friday and Saturday, December 6-7, followed by an unprecedented global communication blackout for 10 days. This “Ten Days of Darkness” begins Sun. 8 Dec. and ends Wed. 18 Dec.

A Financial Collapse Like No Other: A global financial crisis is expected to unfold between Tuesday and Wednesday, 17-18 Dec. The old system is crumbling under the weight of its own corruption, and a new system is poised to rise from the ashes.

The Reckoning Has Begun: As these operations unfold, the world’s most vile elites are being dragged into the light, stripped of their power, and held accountable for decades of unspeakable chaos.

BRICS: THE CATALYST FOR THE New World Order: On Thursday, December 7, the BRICS nations unveiled their long-awaited global currency reset—a move that is already sending shockwaves through the global financial system. The old dollar-dominated system is collapsing, and the BRICS alliance is leading the charge to redefine the rules of international trade and power.

MONEY IS MOVING — BUT THEY DON’T WANT YOU TO KNOW

Top-Level Payments Initiated: Bondholders at Tiers 1 and 2 have already received their funds.

Secrecy Shrouds the Process: Non-Disclosure Agreements (NDAs) have been enforced to prevent the public from realizing what’s happening. The elites don’t want you to know that their grip on the financial system is slipping.

It’s Almost Your Turn: Tiers 3 and 4a/b (including the Internet Group) are expected to receive notifications to schedule redemption appointments at any moment. Your time is coming. Stay ready.

Red full post here:  https://dinarchronicles.com/2024/12/05/restored-republic-via-a-gcr-update-as-of-december-5-2024/

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

Walkingstick  Back in 2003 the reason why the auctions were put in was to stabilize the exchange rate of the Iraq dinar but it didn't work because of the thievery and stealing.  So we gave them the US dollar in order to do this but once again it got out of control.  Now on December 31 of this year these auctions are going to die...What will they use to maintain their currency stability?  IMO exactly what they've been teaching them...A basket of foreign currencies with a new exchange rate where the IQD will be paired against other foreign currencies, which they have already admitted to that they have...It means their currency will now be convertible in that basket with no restrictions...What would be an example of all of this?  The new lower notes.

Frank26  Question "Will there be taxes?  37% on short term - 20% on long term?" Yeah, that's about right,  somewhere in that ball park.  Ask a professional because I certainly don't know the exact tax code... Question "We had currency for a year or more and we decided to buy more, will we still have to pay 40%?"  Yes, every time you buy whatever you buy, your receipt verifies your time frame.  That's why your receipt is so important.  If you're ever audited you need to prove your time frame.  [Dinar Guru Note:  Consult your tax professionals to determine the right tax for your unique circumstances.]

IQD Rate | BRICS Currency | Tariffs | Gold | Syria

Edu Matrix:  12-5-2024

IQD Rate has returned to normal. What a 100% tariff threat means and buying gold to secure yourself and your family, as well as the crisis in Syria. How Iraq and Russia play into the conflict.

https://www.youtube.com/watch?v=uJ1ZwtiTwmQ

Seeds of Wisdom RV and Economic Updates Thursday Morning 12-05-24

Good Morning Dinar Recaps, 

MISSOURI BILL WOULD BAN CBDCS, MAKE GOLD AND SILVER LEGAL TENDER

Missouri lawmakers have been trying hard to pass an anti-CBDC bill, and one of these days, they may succeed.

Attempts continue in the US state of Missouri to prohibit the potential use of central bank digital currencies (CBDCs). The state has seen several bills this year to stave off the digital currency, which does not currently exist in the United States.

Bullion yes, CBDC no

Republican Senator Rick Brattin pre-filed Senate Bill (SB) 194 on Dec. 1. The bill introduces changes to state law that would prohibit public entities from accepting a CBDC or participating in any testing of a CBDC. It also changes the definition of money in the state’s Uniform Commercial Code (UCC) to exclude CBDCs.

In addition to the provisions on CBDCs, the bill would require the state treasurer to keep at least 1% of state funds in gold and silver. It would also exempt the sale or exchange of gold and silver from the state capital gains tax and make gold and silver legal tender.

“The act declares that gold and silver shall be accepted as legal tender at their spot price plus market premium […] in the state of Missouri. Costs incurred in the course of verification of the weight and purity of any gold or silver […] shall be borne by the receiving entity.”

Massive legislative anti-CBDC push

The bill’s provisions on CBDC are similar or identical to those in other bills introduced in Missouri earlier this year.

SB 1352 would make numerous changes to the state UCC, including a prohibition on CBDCs. It is still in committee. House Bill 2780 would also ban CBDCs and affect a variety of commercial transactions. It passed a House vote and has been forwarded to the state Senate.

SB 826 concerned CBDCs alone and failed to pass. SB 736 and its companion bill in the state House of Representatives concerned CBDCs and gold and silver and failed to pass. Brattin had previously introduced SB 866, which contained substantially identical provisions with differences in wording. It died in committee.

Anti-CBDC legislation is being passed in an increasing number of US states. Louisiana and North Carolina have passed laws to that effect in recent months.

The struggle against CBDC has been taken up on the national level as well. The US House of Representatives passed the CBDC Anti-Surveillance State Act on May 23.

@ Newshounds News™

Source:  CoinTelegraph

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BITCOIN ENDORSED BY US FED CHAIR POWELL AND RUSSIA’S PUTIN IN HISTORIC SHIFT

In an unprecedented turn of events, Bitcoin received endorsements from two of the world’s most influential leaders yesterday. US Federal Reserve Chair Jerome Powell and Russian President Vladimir Putin independently acknowledged the cryptocurrency’s growing significance during separate events on December 4, 2024. Their remarks signal a potential paradigm shift in the global financial landscape, as Bitcoin continues to gain mainstream acceptance.

Jerome Powell Compares Bitcoin To Gold

During the New York Times DealBook Summit, Jerome Powell engaged in a  conversation with Andrew Sorkin about the role of cryptocurrencies in the banking system. When questioned about Bitcoin’s rising prominence and talks in Washington about creating a strategic BTC reserve, Powell outlined the Federal Reserve’s perspective.

“From the jobs that we have, what’s relevant is really two things,” Powell said. “One is just, you know, what role should crypto assets be allowed to play in the banking system. We try to keep the banking system safe and sound. We regulate and supervise banks, and we would want the interaction between the crypto business and the banks to not threaten the health and wellbeing of the banks.”

Powell added that the other task of the US Federal Reserve is consumer protection. “We would want the public to know crypto products and things like that. There’s sort of a consumer protection aspect of it. They need to understand exactly what it is. But we don’t regulate it directly and we don’t have that big of a role.”

When asked if he would ever own Bitcoin himself, Powell succinctly replied, “I’m not allowed to.”

Sorkin then suggested that BTC might symbolize people’s faith—or lack thereof—in the US dollar or the Federal Reserve. Powell responded by likening Bitcoin to a traditional store of value: “I don’t think that’s how people think about it. I mean, people use Bitcoin as a speculative asset, right? It’s like gold.

It’s just like gold, only it’s virtual. It’s digital. People are not using it as a form of payment or as a store of value. It’s highly volatile. It’s not a competitor for the dollar. It’s really a competitor for gold. You know, that’s really how I think of it.”

Vladimir Putin Highlights Bitcoin’s Resilience

On the same day, President Vladimir Putin spoke at the Russia Calling forum, where he discussed the diminishing dominance of the US dollar and the rise of alternative financial instruments. Putin emphasized the inevitability of new technologies like BTC in reshaping the global economy.

“The use of the dollar as a world currency gives the US a lot of money,” Putin stated. “Thanks to the dollar, the US continues to exploit other economies of the world for their benefit.

One thing is to prohibit the use of dollars and the other thing is not to use it. That is why we see (economic) processes with the use of other instruments.”

He pointedly added, “For instance, who can ban Bitcoin? Nobody. And who can prohibit the use of other electronic means of payment? Nobody. Because these are new technologies.

And no matter what happens to the dollar, these tools will develop one way or another, because everyone will strive to reduce costs and increase reliability.”

Putin also commented on the global shift away from the dollar: “Even the countries that are allies of the US reduced their currency reserves in dollars and in euros.”

Reactions From Community

The endorsements from Powell and Putin sparked immediate reactions from prominent figures in the cryptocurrency space. Vijay Boyapati, a former Google engineer and author known for his book The Bullish Case for Bitcoin, took to X to express his thoughts: 

“Jerome Powell calling Bitcoin digital gold is the biggest endorsement of Bitcoin yet, if you understand where financial power lies. Bigger than Fink or even Trump.”

David Bailey, CEO of BTC Inc and advisor to former President Trump’s team—who was instrumental in turning Trump pro-Bitcoin —also weighed in via X: “The Bitcoin Space Race is here. […] It couldn’t be more clear what’s happening. It must be a national priority to stand up the Strategic Bitcoin Reserve in the first 100 days of the Trump admin. We need an aggressive plan to grow USA’s proportional ownership of the Bitcoin supply.”

@ Newshounds News™

Source:  Bitcoinist   

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Seeds of Wisdom Team™ Website

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Thank you Dinar Recaps

“Tidbits From TNT” Thursday Morning 12-5-2024

TNT:

Tishwash:  Parliament session agenda for Thursday

The House of Representatives will hold a regular session tomorrow, Thursday, in which it will read the second reading of the amendment to the financial budget law for the years {2023, 2024 and 2025).

Reading verses from the Holy Quran

First: Voting on the draft law of the National Intelligence Service. Security and Defense Committee. Article 36 (The National Intelligence Service. Affairs).

Neutrality Second: Voting on the proposed law amending the first law of Passports Law No. 32 of 2015. (Security and Defense Committee) (5) Article).

Third: Report and discussion of the second 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 - 2020 - 2025) No. (13) of 2023. Finance Committee). 2024

Fourth: Report and discussion of the second reading of the draft law amending the fifth amendment to the Civil Aviation Law No. 148 of 1974. (Transport and Communications Committee).   link

Tishwash:  Government advisor: The budget is hedged by the oil price at $70 and the deficit is 64 trillion dinars

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Wednesday, that "the federal general budget No. 13 for the year 2023 (the three-year budget) is hedged by the price of a barrel of oil at $70.

Saleh told Al Furat News Agency, "Any increase in oil prices, assuming fixed production and export quantities, will lead to reducing the hypothetical budget deficit gap of 64 trillion dinars."

He  explained that "despite the above, reducing Iraq's share of production within OPEC + is supposed to remove any potential glut in the supply of crude oil in the energy market, which leads to prices being higher than what is estimated in the budget and may even compensate for the shortfall in the quantities of oil produced that were reduced at the same time."

The House of Representatives is scheduled to begin its session tomorrow, Thursday, with the second reading of amending the three-year budget law.

Prime Minister Mohammed Shia al-Sudani, during his hosting of today's session, called on the House of Representatives to expedite amending the budget law. link

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Tishwash:  The Finance Committee decides to host Taif Sami to complete the amendment of the budget law

On Wednesday, the Finance Committee held a meeting at its headquarters to discuss the report on the draft law amending the second amendment to the Federal General Budget Law for the years 2023 - 2024 - 2025, No. (13) of 2024.

A statement by the committee stated that the meeting was held in the presence of its chairman and all members, and began by emphasizing “the exceptional efforts made by the committee to amend the budget items related to the costs of producing and exporting oil from the Kurdistan Region and the obligations associated with them.”

The statement added that the committee chairman "stressed the importance of setting applicable provisions and obligating the relevant authorities to implement them, while pointing out the need to obtain clarifications from the Ministry of Finance regarding the mechanism for financing the amounts and financial allocations."

According to the statement, the committee discussed the draft report of the second budget amendment law, reviewed and approved members’ comments, and held detailed discussions on how to calculate production and transportation costs, appropriations and contracts, in addition to the mechanism for managing accounts. 
 
The Finance Committee decided to host the Ministry of Finance to complete the procedures related to amending the law, while the meeting discussed the committee’s report on hosting the Ministry of Oil and the results drawn from this hosting.  link

Mot . Finally! - MY Day!!! 

Mot: Earl and the vacuum

Seeds of Wisdom RV and Economic Updates Wednesday Evening 12-04-24

Good Evening Dinar Recaps,

FED CHAIR POWELL VIEWS BITCOIN AS DIGITAL GOLD, NOT A DOLLAR COMPETITOR

Powell reiterated his remarks on Bitcoin being used solely for speculative purposes, not being a competitor for the US dollar.

The Federal Reserve Chairman Jerome Powell dismissed the notion of Bitcoin as a replacement for the U.S. dollar, instead framing the leading crypto as a speculative asset comparable to gold.

Powell shared his insights during an appearance at The New York Times DealBook Summit in Manhattan, emphasizing Bitcoin’s volatility and limited use as a form of payment or store of value.

According to Powell:

“It’s just like gold, only it’s virtual… It’s very volatile, it’s not a competitor for the dollar, it’s really a competitor for gold. That’s how I think of it.”

Powell’s comments come amid heightened speculation about Bitcoin’s growing influence in global finance. Crypto recently achieved a market capitalization of $1.92 trillion, surpassing silver, valued at $1.75 trillion, to become the world’s eighth most valuable asset. However, it remains far behind gold, which holds an estimated market value of $18 trillion.

This is not the first time Powell has used this comparison to address Bitcoin. In 2021, the Fed chair said that crypto is not useful as a store of value due to its intrinsic volatility, with Bitcoin being “essentially a substitute for gold, rather than for the dollar.”

Under President Joe Biden’s administration, the Fed is accused of being pivotal in Operation Chokepoint 2.0, an alleged plan to hinder the progress of the US crypto industry.

In August, following a Fed mandate directed at crypto-friendly Customers Bank urging tighter risk management and compliance measures, Gemini co-founder Tyler Winklevoss stated that the initiative “is alive and well.”

DeFi as ally
Despite Powell’s conservative tone toward Bitcoin and crypto as an asset class, Fed Governor Christopher J. Waller recently praised DeFi as an ally.

At the Vienna Macroeconomics Workshop on Oct. 18, Waller argued that intermediaries are still fundamental for the financial markets. However, he acknowledged that DeFi applications presented technologies that offer efficiency to traditional financial instruments.

He recognized the benefits of distributed ledger technology (DLT), tokenization, and smart contracts, which can enhance the speed and accuracy of financial transactions.

Moreover, Waller recognized at The Clearing House Annual Conference 2024 on Nov. 12 that central bank digital currencies (CBDC) are not helpful for payments, questioning whether the payments system has a problem that CBDCs could solve.

@ Newshounds News™

Source:  Crypto Slate

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RIPPLE’S RLUSD STABLECOIN SET TO LAUNCH TODAY, WHAT’S NEXT FOR XRP?

The highly anticipated launch of Ripple’s dollar-pegged stablecoin, RLUSD, is expected to take place today, December 4, 2024. However, Ripple is reportedly awaiting approval from the New York Department of Financial Services, according to local media reports.

What is RLUSD?
Ripple USD (RLUSD), a 1:1 USD-backed stablecoin, offers transparency and stability on the XRP Ledger and Ethereum. With the launch of RLUSD, Ripple aims to leverage both its stablecoin and native token, XRP, to enhance its cross-border payment solutions.

At present, Ripple Labs has warned investors and institutions to avoid engaging with any token claiming to be RLUSD or Ripple USD before its official launch to prevent falling victim to scams. Despite this warning, RLUSD is currently listed on the cryptocurrency data platform CoinGecko.

Since August 2024, Ripple has been beta testing its RLUSD stablecoin on the XRP Ledger (XRPL) and Ethereum’s mainnet. The firm has shared plans to gradually expand RLUSD to more blockchains and DeFi protocols in the future.

Will RLUSD Impact XRP Price?
Despite the RLUSD launch, Ripple’s native token XRP, has already gained significant attention over the past week. Furthermore, experts anticipate a notable upward momentum for XRP once RLUSD becomes available on exchanges.

Currently, XRP is trading near $2.55 and has registered a price decline of 2.55% in the past 24 hours. During the same period, its trading volume dropped by $28%, indicating lower participation from traders and investors amid a bullish outlook.

@ Newshounds News™

Source:  Coinpedia

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THE SURPRISING TRUTH ABOUT BITCOIN GOLD NOBODY TELLS YOU  I  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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More News, Rumors and Opinions Wednesday PM 12-4-2024

Ariel:  Breaking News…

And So It Begins (For Real This Time)

For those who have always been confused by the “So It Begins” Mr. Pool images with the multi colored mountain Ice caps.

Ripple, the company behind XRP, has partnerships with financial institutions globally. If South Korea’s situation leads to a need for more efficient cross-border payments, Ripple’s technology could see increased adoption.

Political instability or emergency measures like martial law can lead to increased market volatility. Investors might turn to cryptocurrencies like XRP as a hedge against uncertainty.

South Korea is known for being one of the more crypto-friendly countries. Any emergency economic measures might include or affect cryptocurrency regulations, potentially boosting XRP if Ripple’s efforts in regulatory compliance are seen favorably.

Many people do not understand. XRP is positioned as a bridge currency for cross-border payments, directly challenging traditional banking systems. Its rise could lead to significant shifts in how countries handle international trade and currency reserves.

Think about it. In general If there was a significant shift in the cryptocurrency market, especially with a major asset like XRP, leading to financial instability or a perceived threat to the national economy, a government usually considers drastic measures.

If South Korea is integrating blockchain technology like XRP into its financial system, such rapid changes could cause market instability, prompting drastic measures to maintain control. But ofcourse mainstream news will not tell you this. But the signs are there.

The declaration of martial law could be aimed at mitigating potential unrest related to a sudden shift in financial systems or the collapse of legacy systems tied to the rise of cryptocurrencies like XRP. Which we are all witnessing at this very moment.

https://dinarchronicles.com/2024/12/04/ariel-prolotario1-and-so-it-begins-for-real-this-time/

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

Militia Man  Article quote: "There is a serious keenness to show the image of a bright strong disciplined state in front of other countries and other people."  They're going to stand up and be proud.  I think when they showcase their new currency, their real effective exchange rate and all the things that they've accomplished in the last few years...they're going to have a lot of people from other countries and other peoples of the world being congratulatory...

Mnt Goat   ...Remember there must be a Stable and Secure Iraq in order to conduct this process of deleting the zeros... Oh… and we know what the final outcome of this project is and it will lead to the reinstatement...It is early December and my CBI contact told me the committee in charge of this rollout of the newer lower denominations is still planned for soon.

GOLD To Play Major Role in 'Stealth' Monetary Reset: Andy Schectman

Commodity Culture:  12-4-2024

Andy Schectman is seeing signs that plans for a monetary reset involving gold as a key component are underway, and this new system could be tied into both a BRICS currency and a Central Bank Digital Currency backed by physical metal.

Andy also discusses President Trump's hard line against BRICS nations trying to operate outside the US dollar, whether the stated gold reserves in America are really there and much more.

00:00 Introduction

 00:40 Trump's 100% BRICS Tariffs

04:52 How Much Gold Does the US Really Own?

09:51 Canada Has Zero Gold Reserves

11:48 Is Crypto Eating Gold's Lunch?

18:05 Tokenization of Gold and Silver

28:08 Would Peace Be Bearish for Gold?

30:07 Crackdown on Free Speech

37:55 China's Massive Gold Discovery

https://www.youtube.com/watch?v=31re-AIN9hU

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 12-04-24

Good Afternoon Dinar Recaps,

WHY HEDERA STANDS OUT: GOVERNANCE, INSTITUTION-FOCUS, TOKENIZATION, AND MORE—IS HBAR A SLEEPING GIANT?

▪️Hedera has been highlighted as one of the notable institution-focused distributed ledger technologies with incredible use cases.

▪️An analyst has spotted the formation of a golden cross, which could soon send HBAR to $1.

Hedera (HBAR) has been impressive so far, as it prints a staggering 669% surge on its monthly price chart and a 139% surge on its weekly price chart. At press time, the asset was trading at $0.329. However, its 24-hour trading volume has declined by 36%, with $4.6 billion changing hands.

Subjecting Hedera to critical analysis, crypto, and stock rating platform, Weiss Crypto has pointed out that the asset is backed by efficient technology and an evolving ecosystem that makes it exceptional amid competitors.

Firstly, Weiss Crypto highlighted that Hedera is one of the most “notable institution-focused distributed ledger technologies. According to the post, Hedera’s governing council is made up of 32 major financial institutions, including IBM (IBM), Google, Dell (DELL), Boeing (BA), and Deutsche Telekom.

On the blockchain, the platform explained that Hedera’s network is permissioned, unlike the permissionless blockchains. 

This implies that it only facilitates the approval of entities that can become nodes. Additionally, this makes it a perfect match for Real-World Asset (RWA) use cases. The post also highlighted its active involvement in asset tokenization.

Hedera is actively involved in tokenizing assets like commercial real estate, securities, carbon credits, and even diamonds. Through these applications, Hedera is positioning itself as one of the leading players in the adoption of blockchain technology for institutional use.

More About Hedera (HBAR

Hedera is strengthening its position in the Web3 ecosystem by sealing jaw-dropping partnerships and introducing cutting-edge solutions. Recently, NoviqTech strengthened its partnership with Hedera by acquiring an additional 490,622 HBAR tokens for $150,000, increasing its holdings to 1.5 million.

According to NoviqTech’s Chief Executive Officer (CEO) Freddy El Turk, Hedera has extensively contributed to the success of its Carbon Central environmental monitoring platform.

Our growing investment in Hedera is a clear testament to our belief in its transformative potential. Hedera provides the perfect platform to power Carbon Central’s mission of delivering unparalleled transparency and efficiency in ESG compliance and traceability and we look forward to deepening this partnership as we continue to invest in its ecosystem and align our innovative solutions with its cutting-edge technology.

Recently, CNF reported that Hedera has been integrated into the Federal Reserve’s FedNow payment platform via Dropp. As we disclosed, it would facilitate real-time payment with increased security and efficiency.

Ripple has also partnered with Hedera for USD transactions. However, Ripple is waiting for regulatory approval to launch its stablecoin RLUSD. 

Also, there has been growing optimism around the spot HBAR Exchange Traded Fund (ETF) filed by Canary Capital to the U.S. Securities and Exchange Commission (SEC). With the SEC chair Gary Gensler stepping down, this product could be approved and send the price skyrocketing.

According to analysts, HBAR is currently forming a golden cross pattern as its 50-day (SMA 50) trends above the 200-day (SMA 200) simple moving averages. A validation of this thesis could see the asset hitting $1

@ Newshounds News™

Source:  Crypto News Flash

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BRICS NEWS:  BRICS TO ADOPT BITCOIN FOR TRADE SETTLEMENTS?

In a new sit-down interview, BRICS Member Russia’s president, Vladimir Putin, sang praises for the recent growth of the Bitcoin cryptocurrency. Speaking on Russian TV, Putin said that Bitcoin & digital assets will continue to develop.

In the past, the alliance has revealed plans that align with the crypto industry, particularly surrounding its new currency under development. Indeed, BRICS proposed the use of Bitcoin for international payments at its 2024 Summit. Now, one of the bloc’s leaders, Vladimir Putin, says that Bitcoin is inevitable.

When discussing the potential regulation of Bitcoin, Russia’s president rhetorically asks “Who can ban Bitcoin,” before quickly answering “Nobody.” “These are new technologies, and no matter what happens to the dollar, these tools will develop one way or another,” he adds. As the world strives “to reduce costs and increase stability,” in Putin’s eyes, methods like Bitcoin are becoming more popular. This message is also eerily similar to that of the BRICS currency, one set to rival the US dollar upon launch.

The economic alliance has continued to find new ways to promote local currencies through its policies. Moreover, there has been discussion that cryptocurrencies could factor into that in a massive way. Bitcoin could be set to play a big part in the BRICS bloc over the next several years, especially after Putin’s recent comments.

BRICS Member Russia Recognizes Bitcoin and Crypto’s Potential

Furthermore, according to recent reports, digital currencies are now formally recognized as a type of property in international trade settlements. This falls under a new law that has now been approved in Russia by Putin. The president has jumped into the crypto scene by embracing digital assets for trade, including Bitcoin. 

Other members of the bloc: including China and Brazil, have also recently begun backing Bitcoin and crypto. Most notably, a bill was introduced in Brazil to develop a Bitcoin treasury reserve. The bill is currently being reviewed by Brazil’s government.

By establishing a legal framework, Russia’s legislation is expected to accelerate the adoption of digital assets within its financial ecosystem. Putin’s latest comments further reflect Russia’s strategic interest in leveraging Bitcoin for geopolitical and economic advantages.

 During the Ukraine conflict, Bitcoin was utilized to mitigate the impact of Western sanctions. Russia is also in talks to digitalize the Ruble on the XRP Ledger.

In the future, the digital asset industry, led by Bitcoin, will likely shake up the BRICS bloc and how it sees trade. As a result, de-dollarization could see a new level brought by cryptocurrency.

@ Newshounds News™

Source:  Watcher Guru

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TOP 5 REASONS TO INVEST IN IRAQI DINAR RIGHT NOW  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Q & A Classroom Link  

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Thank you Dinar Recaps

How BRICS+ and Trump’s Policies Shape My GCR Prediction for 2025

How BRICS+ and Trump’s Policies Shape My GCR Prediction for 2025

Awake-In-3D  December 3, 2024

What happens when Trump’s America First agenda collides with BRICS+ monetary strategies?

The global financial system stands at a crossroads. With Donald Trump’s return to the presidency in 2025 and BRICS+ nations advancing gold-backed alternatives, the stage is set for a transformative shift in the world’s monetary order.

My GCR prediction for 2025 highlights how Trump’s America First policies and BRICS+ initiatives are reshaping the dollar’s role in global trade. Together, these forces signal the dawn of a decentralized, asset-backed economy, challenging the dominance of the US dollar and redefining the global financial landscape.

The Trump 2.0 Shockwave: Tariffs and Reshoring in 2025

President Trump’s second term ushered in sweeping changes to America’s economic and trade policies. Massive tariffs on imported goods targeted reducing the longstanding US trade deficit. At the same time, government departments, led by the newly created Department of Government Efficiency (DOGE), began slashing federal spending in areas seen as wasteful. These changes sought to make the US more self-reliant and reduce its dependence on foreign economies.

However, the consequences of these policies extend far beyond US borders. By curbing imports and reducing the flow of dollars into global markets, Trump’s actions inadvertently exacerbate a looming problem: the world’s excessive reliance on the US dollar. With fewer dollars circulating internationally, trade settlement became more cumbersome, creating pressure on other nations to find alternatives.

The Trump Administration’s combative stance against globalism and its emphasis on “America First” pushes foreign investors to reconsider US economic stability. In this environment, a coalition of emerging economies, led by BRICS+ (Brazil, Russia, India, China, South Africa, and new members), began accelerating their efforts to establish a multipolar monetary order.

BRICS+ and My GCR Prediction for 2025

For decades, BRICS nations have sought to reduce their reliance on the US dollar, often citing concerns over America’s ability to weaponize its currency through sanctions and financial restrictions. Under Trump’s leadership, these concerns deepen, leading to the creation of gold-backed digital currencies and a push for trade in national currencies.

China, the largest economy within BRICS, leads this movement. In partnership with Russia, it launched a gold/oil-backed offshore yuan, providing an alternative to dollar-based trade. This digital currency is rapidly gaining traction among BRICS nations and their trading partners, offering stability and security in a time of economic turbulence.

Additionally, BRICS+ has expanded its currency basket to include other major players, such as Saudi Arabia and the United Arab Emirates, which have shown interest in gold-linked financial systems. This marks a dramatic shift in global finance, as countries that once relied on the dollar for trade and reserves now look to alternatives rooted in tangible assets.

Key Drivers of My GCR Prediction for 2025

The convergence of Trump’s isolationist policies and BRICS+ initiatives creates a convergence of forces for the GCR. The dominance of the dollar, already undermined by years of quantitative easing and ballooning US debt, faces significant challenges from a decentralized and asset-backed monetary order.

One key driver of the GCR prediction for 2025 is the growing use of gold-backed digital currencies. These instruments blend the stability of gold with the efficiency of blockchain technology, making them ideal for international transactions. Their adoption is particularly rapid in energy markets, where oil-exporting nations like Saudi Arabia begin pricing crude in currencies other than the dollar.

As confidence in the dollar wanes, countries diversify their reserves, shifting from US treasuries to gold and other hard assets. This trend is amplified by Trump’s policies, which push foreign investors to reconsider US economic stability.

The Role of Currency Revaluation (RV)

A GCR prediction for 2025 will present a Revaluation of Currencies (RV) to reflect the new monetary realities discussed above. BRICS+ nations will recalibrate their exchange rates to account for their increased reliance on gold-backed systems. This will lead to significant shifts in global trade balances, as countries with strong commodity reserves gain leverage over traditional fiat economies.

For the US, the RV presents a double-edged sword. On one hand, the weakening of the dollar makes American exports more competitive, aligning with Trump’s goal of reshoring production. On the other hand, it diminishes the dollar’s purchasing power, leading to higher costs for imported goods, fueling domestic inflation and result in a significantly reduced US Dollar exchange rate against emerging market sovereign currencies.

Winners and Losers in My GCR Prediction for 2025

As the GCR unfolds, certain actors stand to benefit more than others:

• BRICS+ Nations: By diversifying their reserves and adopting gold-backed currencies, these countries gain greater control over their economic destinies. Their collaborative efforts position them as leaders in the post-dollar era.

• Gold and Crypto Markets: The demand for gold-backed digital currencies and stablecoins skyrockets, with the crypto market projected to surpass $10 trillion. These assets offer a safe haven for investors seeking refuge from fiat volatility.

• US Exporters: The dollar’s decline makes American goods more affordable on the global market, spurring a resurgence in domestic manufacturing.

Conversely, countries heavily reliant on dollar-based trade face significant challenges. Many emerging markets grapple with higher debt servicing costs as the dollar’s value fluctuates, creating economic instability in the short term.

The Bottom Line for My GCR Prediction for 2025

Trump’s second term accelerates the decline of the US dollar’s dominance, but it also catalyzes a broader transformation of the global monetary system. As BRICS+ nations lead the charge toward a decentralized and asset-backed economy, the world is witnessing the most significant Global Currency Reset in modern history.

The implications are profound, not only for the dollar but for the entire global financial landscape. While the transition is likely to be turbulent, it offers an opportunity to create a more balanced and resilient monetary order—one that reflects the multipolar realities of the 21st century. It will also generate significant exchange rate differential opportunities against countries still using pure fiat currencies.

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