Ariel: Are we to Expect Major Announcements from Iraq?
Ariel: Are we to Expect Major Announcements from Iraq?
12-13-2024
Iraqi News Update
Are We To Expect Major Announcements?
Governor Ali-Alak of the CBI came out some weeks ago and stated that there is an international anticipation to celebrate an occasion regarding their monetary reform policy.
As he has also recently said that opening channels in foreign and Arab currencies achieves stability in the exchange rate and gradually eliminates the black market.
Ariel: Are we to Expect Major Announcements from Iraq?
12-13-2024
Iraqi News Update
Are We To Expect Major Announcements?
Governor Ali-Alak of the CBI came out some weeks ago and stated that there is an international anticipation to celebrate an occasion regarding their monetary reform policy.
As he has also recently said that opening channels in foreign and Arab currencies achieves stability in the exchange rate and gradually eliminates the black market.
Which can only mean that since they have completed 100% of their financial obligations which was a requirement in order to move to this next phase it should not be surprising of the special meeting over the weekend involved powerful organizations.
UNICEF
UNESCO
World Bank
Etc.
And ofcourse 140 deputy ambassadors arriving in Basra. The presence of international bodies like the World Bank, as well as ambassadors, indicates the event’s importance. These organizations wouldn’t typically attend unless the event had substantial international implications, such as Iraq positioning itself as an attractive investment destination or announcing reforms that could impact global markets.
The mention of showcasing Iraq to investors could point to Iraq demonstrating progress in economic reforms, infrastructure development, and stability. This might include the following.
• Transparency measures to attract foreign direct investment.
• Policy changes to make Iraq a more competitive market.
• Highlighting sectors like oil, tourism, and agriculture for potential investors.
Listen, If Iraq plans to release a new exchange rate for the Iraqi Dinar, this event could be the stage for such an announcement. A revaluation of the dinar would attract foreign investors who have been waiting for a more stable and globally recognized currency. Do you think we are finally at the doorstep? Because it definitely appears that way in many regards.
Basra is Iraq’s economic capital, especially as it relates to oil exports. Hosting this event there could symbolize Iraq leveraging its oil wealth as a foundation for broader economic growth and reforms. Basra’s position as a gateway to the Gulf enhances its significance as a center for trade, investment, and international collaboration.
I do not know of any other time that would be more appropriate than what is to happen over the weekend. If Iraq intends to release a new exchange rate, the timing of this event suggests it could be coordinated with international acknowledgment and celebration to gain credibility and market trust. The timing right now is just to significant.
The international participation underscores the global interest in Iraq’s progress, and the showcase for investors suggests a move toward transparency and competitiveness.
Watching how this unfolds could provide clarity on Iraq’s economic trajectory and its impact on global markets. Let’s see what they have for us.
Source(s):
https://x.com/Prolotario1/status/1867686620931268628
“Tidbits From TNT” Saturday Morning 12-14-2024
TNT:
Tishwash: Central Bank Governor: Opening external channels with foreign currencies eliminates the black market
Central Bank Governor Ali Al-Alaq confirmed on Thursday that opening channels in foreign and Arab currencies achieves stability in the exchange rate and gradually eliminates the black market.
The media advisor of the Trade Bank of Iraq (TBI), Aqeel Al-Shuwaili, said in a statement, which was reviewed by "Al-Eqtisad News", that "the governor of the Central Bank visited the Trade Bank of Iraq and appreciated the bank's efforts to expand its customer base of importing merchants and the procedures to facilitate their transactions in a way that contributes to achieving stability in the exchange market."
TNT:
Tishwash: Central Bank Governor: Opening external channels with foreign currencies eliminates the black market
Central Bank Governor Ali Al-Alaq confirmed on Thursday that opening channels in foreign and Arab currencies achieves stability in the exchange rate and gradually eliminates the black market.
The media advisor of the Trade Bank of Iraq (TBI), Aqeel Al-Shuwaili, said in a statement, which was reviewed by "Al-Eqtisad News", that "the governor of the Central Bank visited the Trade Bank of Iraq and appreciated the bank's efforts to expand its customer base of importing merchants and the procedures to facilitate their transactions in a way that contributes to achieving stability in the exchange market."
According to the statement, the governor of the Central Bank stressed "the need to make efforts to achieve fluidity and provide the best banking services to the bank's customers."
The governor pointed out that "the Central Bank's continued opening of multiple external channels in foreign and Arab currencies achieves continuous stability in the exchange rate and gradually eliminates the black market link
Tishwash: An "unannounced" visit and a surprise landing in Baghdad.. Blinken to Al-Sudani: We are committed to supporting Iraq
US Secretary of State Antony Blinken made an unannounced visit to Iraq on Friday, during which he met with Prime Minister Mohammed Shia al-Sudani and held talks with him about the future of Syria.
According to Reuters, Blinken is
Reuters quoted the US State Department as saying that "Blinken stressed from Baghdad the US commitment to the US-Iraqi strategic partnership and to Iraq's security, stability and sovereignty."
She added that the Secretary also discussed regional security opportunities and challenges, as well as continued U.S. support for engagement with all communities in Syria to create a comprehensive transition.
According to Reuters, Blinken's visit was not announced until after he met with Al-Sudani on Friday afternoon.
Meanwhile, the Iraqi Prime Minister's media office confirmed that Al-Sudani and Blinken discussed bilateral relations between the two countries, ways to enhance joint cooperation, as well as discussing the situation in the region, developments in the current events in Syria, and the regional and international efforts required to enhance security in Syria and the stability of the entire region.
Al-Sudani renewed, according to a statement received by Shafaq News Agency, support for Syria in this important stage, and the importance of friendly countries helping the Syrians rebuild their country and confront the challenges that may affect civil peace in it, stressing the necessity of representing all components of the Syrian people in the administration of the country to ensure enhancing its stability. He also stressed that Iraq is waiting for actions, not words, from those in charge of managing the transitional phase in Syria.
The Iraqi Prime Minister stressed the need not to allow any aggression on Syrian territory, from any party, because this represents a threat to security and stability in the region.
For his part, the US Secretary of State stressed, according to the Iraqi statement, Washington and Baghdad's agreement on the necessity of respecting the choices of the Syrian people, and working to form a comprehensive government that reflects the will of the Syrian people and the diversity of its components.
Blinken referred to the pivotal role of Iraq, and stressed that it represents a key partner in the region, and the importance of consulting with it on the current developments witnessed in the region, and that the members of the international coalition are committed to the security, sovereignty and stability of Iraq link
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Tishwash: After the events in Syria... Will Iraq witness a new economic phase?
Iraq is suffering from major economic challenges due to political and military crises in some surrounding countries, but the impact of these crises on the Iraqi economy is still somewhat limited, while observers expect that there will be an expected economic change in Iraq, but it will be within a period of difficult and difficult labor in light of the harsh political crises that are sweeping the new Middle East.
In this regard, economic expert Ahmed Fouad told Iraq Observer that “Iraq enjoys stable financial flows and strong international trade relations,” indicating that “the tensions in Syria, including the recent events and the fall of Bashar al-Assad’s regime, will not fundamentally affect the Iraqi economy, which relies on central economic policies and strong oil revenues.”
He added, "The economic change that will occur in Iraq will be a reflection of the confusing political situation in the region, especially after the recent events in Syria."
Fouad expressed his hope that “there will be a positive economic change that creates an equal and just economic system based on capitalism and a free economy.”
The economic expert called for “the need to work on directing this change in a correct and fair manner that guarantees integrity and success for the Iraqi economy and state. The Iraqi government must also develop an effective emergency plan to ensure the continued supply of basic commodities to the market, such as food and supplies. Despite the concerns that some may raise about importing goods from neighboring countries, Iraq has the ability to compensate for any shortage in materials through other markets such as Turkey, Iran, and the Gulf states.”
He added that "the Iraqi economy is immune to regional tensions, noting that central economic policies and stable oil revenues give Iraq great ability to confront any fluctuations."
Regarding the future of the Iraqi economy if wars continue in the region, the economic expert stressed that “the effects of the current crises on the Iraqi economy remain relative, noting that their impact on the movement of internal and external trade will be limited if the situation is dealt with cautiously and a flexible economic policy is followed. He added that the political crisis in some neighboring countries may give Iraq an opportunity to increase its imports from other countries and open new markets.” link
Mot: .......... tip
Mot: What’s in the tree?
‘Debasement Trade’: Why Gold Is Surging & Fiat Is Failing, How to Exit the System | Jeremy Cordon
‘Debasement Trade’: Why Gold Is Surging & Fiat Is Failing, How to Exit the System | Jeremy Cordon
Kitco News: 12-13-2024
Gold surged to $2,700 an ounce in 2024, driven by persistent inflation, geopolitical risks, and widespread dollar debasement.
Central banks ramped up gold purchases, and investors sought alternatives to fiat currencies amid global economic uncertainty.
Jeremy Cordon, CEO of Goldback, explained how this growing distrust in traditional monetary systems has fueled the adoption of spendable gold.
‘Debasement Trade’: Why Gold Is Surging & Fiat Is Failing, How to Exit the System | Jeremy Cordon
Kitco News: 12-13-2024
Gold surged to $2,700 an ounce in 2024, driven by persistent inflation, geopolitical risks, and widespread dollar debasement.
Central banks ramped up gold purchases, and investors sought alternatives to fiat currencies amid global economic uncertainty.
Jeremy Cordon, CEO of Goldback, explained how this growing distrust in traditional monetary systems has fueled the adoption of spendable gold.
Goldbacks, a currency made from real gold in small denominations, have surpassed $200 million in circulation, offering a practical, inflation-proof alternative to cash.
Cordon highlighted how Goldbacks are reshaping the way people use gold, enabling direct transactions without the need to convert back into dollars. With advanced technology to prevent counterfeiting and a growing network of small businesses accepting them, Goldbacks are providing a unique bridge between traditional gold investment and everyday commerce.
As the world moves toward de-dollarization, with institutions and countries diversifying reserves into gold, Cordon discussed the macroeconomic trends that will continue to drive demand for hard assets in 2025 and beyond.
00:00 Introduction
01:22 Public Awareness and Inflation
03:42 Ray Dalio and Geopolitical Trends
04:38 Gold's Long-Term Trend and Saving Strategies
05:58 Introduction to Goldback
07:20 Goldback's Popularity and Practical Use
25:22 Goldback's Technology and Security
27:21 Customer Feedback and Future Plans
30:35 Conclusion
Seeds of Wisdom RV and Economic Updates Friday Afternoon 12-13-24
Good Afternoon Dinar Recaps,
BRICS NEWS: BRICS ANNOUNCE CREATION OF NEW KEY ALLIANCE: WHAT IT MEANS
Amid the shifting geopolitical landscape, the BRICS bloc has announced the creation of a new key alliance that could have massive ramifications. Indeed, the economic alliance has seen its members come together to establish a new collaborative effort to focus on technological growth over the next six years.
The BRICS bloc has ramped up cooperation over the last two years. As Russia has navigated increased Western sanctions following its invasion of Ukraine in 2022, it has looked to its allies in the global south to continue fortifying its global position. That is poised to continue with the launch of this new alliance.
Good Afternoon Dinar Recaps,
BRICS NEWS: BRICS ANNOUNCE CREATION OF NEW KEY ALLIANCE: WHAT IT MEANS
Amid the shifting geopolitical landscape, the BRICS bloc has announced the creation of a new key alliance that could have massive ramifications. Indeed, the economic alliance has seen its members come together to establish a new collaborative effort to focus on technological growth over the next six years.
The BRICS bloc has ramped up cooperation over the last two years. As Russia has navigated increased Western sanctions following its invasion of Ukraine in 2022, it has looked to its allies in the global south to continue fortifying its global position. That is poised to continue with the launch of this new alliance.
BRICS Launch New Alliance With Massive GDP Growth Expected
The past two years have been massive for the BRICS alliance. It has grown from a five-member bloc to a nine-member collective and introduced a new 13-nation partnership association. Yet alongside its growth has been an ongoing and worldwide technology revolution. Now, the bloc has instituted a new initiative to take advantage of those changes.
The BRICS bloc has announced the creation of its very own AI alliance, according to a Reuters report. Indeed, Russian President Vladimir Putin announced that the country would spearhead plans to develop AI technology within the BRICS nations. The move will see the global south seek to better compete with the world in various emerging technologies.
Russia must participate on equal terms in the global race to create strong artificial intelligence,” Putin said at an AI conference in Moscow. “It is precisely the advanced solutions hat Russian scientists are currently working on.”
Additionally, Putin said the bloc will “invite scientists from all over the world to join in the collaboration.” Currently, Western sanctions have affected Russia’s access to microchips necessary for AI development. Therefore, it is once again turning to its BRICS allies to help it keep pace while the Ukraine war that is driving sanctions persists.
@ Newshounds News™
Source: Watcher Gurur
~~~~~~~~~
TRUMP TEAM EXPLORES CONSOLIDATING OR ENDING BANKING OVERSIGHT BODIES—BIG WIN FOR CRYPTO?
▪️Donald Trump’s presidential transition team is reportedly discussing the possibility of reducing the number of banking regulators, merging agencies, or even eliminating some entirely.
▪️With the potential consolidation or reform of the FDIC, OCC, and Federal Reserve, alongside the CFPB, the crypto market could benefit from a more streamlined regulatory environment, allowing it to flourish more freely.
Advisers to President-elect Donald Trump and officials of the Department of Government Efficiency (D.O.G.E), Elon Musk and Vivek Ramaswamy, are reportedly debating on strategies to slim down or even abolish key financial watchdogs.
According to a report by The Wall Street Journal, this discussion comes as part of a broader push to reconfigure the regulatory framework affecting the banking and crypto sector, which some in Trump’s circle view as overly burdensome. These advisers argue that a significant rollback of regulatory powers could foster a more business-friendly environment for cryptocurrencies.
In interviews, Trump’s advisers have raised questions about the feasibility of consolidating bank deposit insurance functions into the Treasury Department.
Additionally, conversations have included suggestions to combine various regulatory bodies, including the FDIC, the Office of the Comptroller of the Currency (OCC), and the Federal Reserve.
A significant opportunity has emerged for Trump to appoint a new leader to the Federal Deposit Insurance Corporation (FDIC).
Meanwhile, Brian Quintenz, a prominent name in cryptocurrency policy, is being considered for the chair position at the Commodity Futures Trading Commission (CFTC). Current FDIC Chair Martin Gruenberg has announced his retirement, effective January 19.
However, as he steps down, he faces considerable challenges. Republican House of Representatives member Tom Emmer publicly accused Gruenberg of being the “architect of Operation Chokepoint 2.0. and failing to protect his own employees”.
Emmer’s comment is based on a congressional hearing where Gruenberg testified about an investigation revealing a culture of sexual assault, harassment, and mistreatment at the FDIC during his tenure.
For context, “Operation Chokepoint 2.0” is an alleged and unconfirmed initiative suggesting that the U.S. government pressured banks to limit services to cryptocurrency businesses, which may have impacted crypto exchanges like Binance and Coinbase.
Deregulation: A Double-Edged Sword for Crypto?
Nic Carter, a partner at Castle Island Ventures, recently stated that Silvergate Bank likely would have survived if it hadn’t been forced into voluntary liquidation by U.S. regulators.
The bank paid out large fines to its regulators: $43 million to the Federal Reserve, $20 million to California’s Department of Financial Protection, and $50 million to the Securities and Exchange Commission (SEC). Carter revealed that an insider at Silvergate informed him the bank had to limit its crypto deposits to 15% to avoid regulatory repercussions.
Signature Bank and Silicon Valley Bank, both of which were known for their support of cryptocurrency, are additional examples of banks affected by the actions of the FDIC. These banks, which had partnerships with venture capital firms like Andreessen Horowitz and Pantera Capital, shut down in early 2023.
Recently, a federal judge reprimanded the FDIC for its lack of transparency regarding its oversight of banks involved in cryptocurrency. This criticism highlights the need for reforms in the agency.
Additionally, the potential dissolution of the Consumer Financial Protection Bureau (CFPB) adds another challenge for the crypto sector.
The judge’s comments arose during a Freedom of Information Act (FOIA) lawsuit backed by Coinbase, which questioned the FDIC’s redactions of “pause letters” issued to banks concerning their crypto activities.
By abolishing the watchdogs, it can allocate resources more efficiently and encourage innovation in the crypto industry. However, if regulatory changes disrupt the existing financial oversight structure, the crypto industry might find itself in a precarious position as agencies like the SEC, CFTC, and OCC vie for authority over various facets of blockchain.
This process could either clarify regulations or lead to confusion and instability within the industry.
With support from Coinbase and other major crypto firms, the election of pro-crypto candidates marked a pivotal moment for the industry.
The cryptocurrency sector invested over $119 million to support such candidates, resulting in the election of more than 240 pro-crypto lawmakers to the House of Representatives and Senate, a notable success for the push for clearer regulations and leadership in the US.
Coinbase CEO Brian Armstrong declared this as “America’s most pro-crypto Congress ever,” suggesting that the potential abolition of banking watchdogs would represent a substantial win for the crypto industry and could bolster investor confidence.
Additionally, it could enable cryptocurrencies to operate more efficiently, leading to real-time transactions, lower fees, and increased mainstream acceptance.
@ Newshounds News™
Source: Crypto News Flash
~~~~~~~~~
CARDANO (ADA) JUST RELEASED DAEDALUS V7.0.0: MAIN CHANGES
Cardano's developer Input Output announced the release of Daedalus v7.0.0, an updated version of full-node desktop wallet software. Deadalus mechanisms are optimized for a new design of ADA delegation that is necessary for the upcoming Cardano Constitution referendum.
Cardano's Daedalus v7 is out: What changed?
Input Output Global, the development entity behind PoS blockchain Cardano, announced the release of a new version of Daedalus, its full-node wallet software. Daedalus v7.0.0 arrives with major changes of the ADA delegation mechanism.
The new release, which was revealed by IOG on Dec. 10, 2024, enables users to delegate their voting power to delegated representatives (DReps), as voting actors in governance mechanism.
Also, with Daedalus v7.0.0, ADA wallets can choose an automatic voting option (abstain or no confidence), ensuring that the Daedalus community has a voice in crucial developments for Cardano.
Daedalus v7.0.0 build is now available in mainnet, pre-prod and preview iterations. The team of IOG reiterated that the ADA community should be ultra-cautious about Daedalus-related scams.
ADA community to vote on Cardano Constitution in January 2025
Namely, Cardanians should always keep in mind that Daedalus full node wallet is only available for desktops. All announcements regarding "mobile Daedalus" wallets and ADA delegation in them are blatant scams.
Also, in the new voting tab, users can select their registration preference for each wallet held in Daedalus. Existing users will get a prompt to update via the Daedalus newsfeed.
As covered by U.Today previously, Cardano inches closer to the greatest referendum in years. In January 2025, the ADA community will approve or reject Cardano Constitution, an ambitious decentralization principles code.
In early December, Cardano's Constitution draft was approved by a convention in Buenos Aires.
@ Newshounds News™
Source: Trading View
~~~~~~~~~
FRIDAY NIGHT LIVE CONSTITUTION CALL
Discussions on our Constitution, your sovereignty, your rights, your jurisdiction, your citizenship, and your Strawman. Join the call whether you are brand new and know nothing of how we lost our sovereignty, original Constitution, and God given rights over the last 200 hundred years or whether you are a scholar on the subject. We invite all to join. We have two gentlemen, Mike Mason and Jim Silver57, who are well versed on our TRUE history and we invite you to join in the discussion.
JOIN US TONIGHT AT 5 PM PT, 7 PM CT, AND 8 PM ET
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Download the app on either your mobile phone or PC, then click the 'Join the Call ' Link above to listen and/or ask questions..
@ Newshounds News™
~~~~~~~~~
WHAT DID HE SAY ABOUT LAW? | Youtube Short
Jim Silver 57 on:
History, Common and Civil Law, Jurisdiction, Language
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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Thank you Dinar Recaps
More News, Rumors and Opinions Friday Afternoon 12-13-2024
Holly: For clarity
-it is happening
-it is real
-we can see it happening before our eyes
-the world is changing each day to prepare for this
-the financial world is slowly building speed with all the changes that have taken place
- don’t lose hope and keep the faith
But….-Reno is not on high alert nor has the green light been given….At least not yet…
It can happen any time, any moment. No one knows when exactly.
Holly: For clarity
-it is happening
-it is real
-we can see it happening before our eyes
-the world is changing each day to prepare for this
-the financial world is slowly building speed with all the changes that have taken place
- don’t lose hope and keep the faith
But….-Reno is not on high alert nor has the green light been given….At least not yet…
It can happen any time, any moment. No one knows when exactly. Based on the news, things are very promising.
Just keep living your life and doing plan A until plan B happens.
-Holly
Gold Telegraph: The Fall of the Roman Empire Took 200-300 Years
Dec. 13, 2024
The Ministry of Finance in Russia plans to issue digital financial instruments for gold in 2025. The Finance Ministry believes gold can be used in international payments. BOOM. Things are heating up.
BREAKING NEWS: FLORIDA CHIEF FINANCIAL OFFICER ANNOUNCES HE’S LAUNCHING A STUDY TO SEE IF GOLD AND SILVER BULLION CAN BE USED AS LEGAL TENDER
Another one. The trend is getting stronger.
“The study, which will be conducted by the Florida Department of Financial Services, will focus on physical gold and silver in the form of bars and coins…”
Source: https://www.fox13news.com/news/could-gold-silver-become-currency-florida-cfo-patronis-supports-move
The fall of the Roman Empire took 200–300 years… Initially, currency devaluation was slow, around 1–2% annually, but one emperor sped it up, devaluing the currency 70% in just three years which set off the destruction of the empire. – Billionaire Pierre Lassonde
https://twitter.com/i/status/1867333360445505858
Mr. Lassonde shares his bullish outlook on gold for the next four years, drawing parallels to the explosive market conditions of the late 1970s.
GOLD TELEGRAPH CONVERSATIONS #2: BILLIONAIRE PIERRE LASSONDE. "The gold price will ultimately be decided not in the United States, but in the East." - Pierre Lassonde
https://twitter.com/i/status/1867307651031261417
Canada is considering export taxes on key commodities to the United States including:
1. Uranium
2. Oil
3. Potash
Hello Trade Wars.
The National Debt in the United States has increased by nearly $8.5 trillion since Janet Yellen became the Treasury Secretary. Under her leadership, the U.S. Treasury also launched a debt buyback program for the FIRST TIME in more than 20 years. Talk about a legacy of debt…
BREAKING NEWS: THE PRESIDENT OF THE EUROPEAN CENTRAL BANK CRITICIZES FRANCE AND GERMANY FOR CAUSING SELF-INFLICTED UNCERTAINTY IN THE EUROZONE
They are turning on each other.
“Christine Lagarde said the eurozone economy is ‘losing momentum…”
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man ...December 15, I believe remittance auctions will cease...That may be the last you see of the dollar auctions...They're pushing towards getting rid of the illegal market smuggling... Article quote: "Advisor to the Prime Minister Saleh confirmed again...that tightening the control over suspicious financial transfers reduces manipulation of the exchange rate and the stability of the national currency..." Cessation of these auctions of the dollar and the illegal trade, it's going to do wonders. That's their focus and they're not deviating...
Frank26 Parliament is so angry right now because they don't have the ability to steal like they used to. It's called profiteering. If the politicians cannot profiteer anymore off the currency, off of the exchange rate through the CBI, through the auctions, what are they going to do? Only two options - get lost or get along. The majority have decided to get along but they have lost some. They're just stubborn people...Politicians that realize they have no more power in parliament are leaving...Bye Sadr.
LIVE! FED. NEXT PHASE. EXPECT BANK MERGERS, A CONSOLIDATION OF POWER, AND DEREGULATION.
Greg Mannarino: 12-13-2024
End of EU | Political, Economic & Social Collapse Accelerates Amid Massive Layoffs and Closures
Lena Petrova: 12-12-2024
New Monetary System?: Steve Penny
New Monetary System?: Steve Penny
Liberty and finance: 12-12-2024
Steve Penny discusses the potential reordering of the global monetary system under the Trump administration.
Penny will dive into how this shift could impact the markets for gold and silver, offering insights into the future of monetary metals.
In a recent discussion on Liberty and Finance, Steve Penny, a prominent figure from silverchartist.com, delved into the intriguing dynamics of the global monetary system, particularly within the context of a potential Trump Administration. As economic conditions continue to evolve, understanding the underlying factors that influence precious metals is crucial for investors eyeing opportunities in gold and silver.
New Monetary System?: Steve Penny
Liberty and finance: 12-12-2024
Steve Penny discusses the potential reordering of the global monetary system under the Trump administration.
Penny will dive into how this shift could impact the markets for gold and silver, offering insights into the future of monetary metals.
In a recent discussion on Liberty and Finance, Steve Penny, a prominent figure from silverchartist.com, delved into the intriguing dynamics of the global monetary system, particularly within the context of a potential Trump Administration. As economic conditions continue to evolve, understanding the underlying factors that influence precious metals is crucial for investors eyeing opportunities in gold and silver.
The global financial system has long been characterized by a complex web of currencies and policies. However, with the ever-changing political climate, especially with the influence of former President Donald Trump, there are growing concerns about a potential reordering of this system.
Penny posits that such a shift could have profound implications for the markets—especially for investors holding gold and silver.
Historically, precious metals like gold and silver have served as a hedge against inflation and economic uncertainty.
When trust in fiat currencies wanes—often spurred by geopolitical events or significant policy changes—investors tend to flock to these tangible assets.
Penny indicates that a potential move towards a more nationalistic monetary policy under Trump could catalyze this trend, contributing to a renewed interest in the monetary metals market.
According to Penny, if the Trump Administration follows through on proposed changes to the monetary system, it could lead to increased volatility in traditional markets. Precious metals are often viewed as safe-haven assets during such periods, making them attractive for investors seeking to mitigate risk.
Penny’s insights provide a valuable perspective for investors considering their positions in precious metals. Understanding the potential for significant changes in the monetary framework under a Trump Administration can help them make informed decisions about their investments.
Furthermore, as market conditions change and new policies emerge, it is crucial for investors to remain vigilant and adaptable.
In the world of finance, knowledge is power, and with the potential for significant shifts on the horizon, this is one conversation investors cannot afford to miss. As always, preparation and proactive decision-making will be key to seizing the opportunities that lie ahead in the precious metals market.
Seeds of Wisdom RV and Economic Updates Friday Morning 12-13-24
Good Morning Dinar Recaps,
CRYPTO ADVOCATE FRENCH HILL PICKED TO LEAD HOUSE FINANCIAL SERVICES COMMITTEE IN 2025
As chair, Hill will oversee Federal Reserve, Wall Street, and crypto sector regulations amid growing scrutiny. Congressman French Hill has been appointed as the next chair of the House Financial Services Committee.
He will succeed North Carolina’s Patrick McHenry, who is retiring after a 20-year stint in Congress, including multiple terms leading Republicans on the board.
Good Morning Dinar Recaps,
CRYPTO ADVOCATE FRENCH HILL PICKED TO LEAD HOUSE FINANCIAL SERVICES COMMITTEE IN 2025
As chair, Hill will oversee Federal Reserve, Wall Street, and crypto sector regulations amid growing scrutiny. Congressman French Hill has been appointed as the next chair of the House Financial Services Committee.
He will succeed North Carolina’s Patrick McHenry, who is retiring after a 20-year stint in Congress, including multiple terms leading Republicans on the board.
Hill’s Vision
The Arkansas Republican announced the news on December 13 via X:
“I am humbled that my colleagues have placed their trust in me to lead FinancialCmte as their next Chairman.”
The party’s steering committee appointed the lawmaker to the role on Thursday while finalizing committee leadership for the 119th Congress, which begins next year. This position means Hill will be key for legislative initiatives for the crypto industry that will take shape in the coming year.
In a formal statement, the 68-year-old highlighted his promise to work closely with Speaker Mike Johnson, Majority Leader Steve Scalise, Majority Whip Tom Emmer, and House Republican Conference Chair Lisa McClain in the future.
He also mentioned that he’s looking forward to collaborating with President-elect Donald Trump and Senate Banking Committee Chairman Tim Scott on what he described as “a new era of American prosperity’ for all citizens.
Crypto Legislative Efforts
The Financial Services Committee oversees critical areas, including the Federal Reserve, Wall Street regulations, and the increasingly scrutinized cryptocurrency sector. Hill, who currently chairs the Digital Assets, Financial Technology, and Inclusion subcommittee, has been a vocal proponent of crypto-related legislation.
His efforts include championing bills to clarify regulatory jurisdiction between the Securities and Exchange Commission (SEC) and the Commodities and Futures Trading Commission (CFTC).
He has also collaborated with California Representative Maxine Waters on stablecoin legislation, though the bill was ultimately not introduced.
Additionally, the Arkansan has pledged to investigate Operation Chokepoint 2.0, which he described as an initiative targeting the cryptocurrency sector through politicized debanking.
Trump has previously vowed to end the Biden administration’s war on crypto. Following his re-election, reports came out that his transition team was considering various crypto-friendly candidates for key regulatory positions.
Since then, the President-elect has appointed David Sacks as AI and Crypto Czar and Paul Atkins as the SEC’s new chairman. Hill will officially take on the leadership role when the new congressional session convenes on January 3, 2025.
@ Newshounds News™
Source: Crypto Potato
~~~~~~~~~
COINBASE TO START RESTRICTING STABLECOINS IN EU BASED ON MICA COMPLIANCE
▪️Coinbase will restrict non-compliant stablecoins under MiCA, including USDT, PAX, PYUSD, and DAI, starting tomorrow.
▪️Algorand identified Circle’s USDC and Quantoz’s EURD as compliant alternatives amid shifting EU stablecoin market dynamics
▪️Tether exited Europe but invested in Quantoz, signaling strategic pivots as Circle partners with Binance to challenge Tether’s dominance.
According to Algorand, Coinbase began notifying its European clients that it will begin restricting stablecoins that don’t meet Markets in Crypto Assets (MiCA) requirements tomorrow.
Coinbase Prepares for MiCA
This news comes from the Algorand Foundation, a proof-of-stake blockchain and cryptocurrency.
Algorand directly posted their notice from Coinbase through a social media post and listed the MiCA-compliant stablecoins that its users could switch to. Both of these options, Circle and Quantoz, are entangled in a new struggle for EU stablecoin dominance.
“Dear Client, as a reminder, due to the new MiCA regulation, Coinbase will implement restrictions for stablecoin services that do not meet MiCA requirements. Based on the latest information, we currently expect we will have to restrict services for the following assets: USDT, PAX, PYUSD, GUSD, GYEN, and DAI,” Coinbase claimed in its notice.
MiCA is a comprehensive new regulatory framework for cryptoassets in the EU, and its advent is creating dramatic new market opportunities.
Before this year, Tether was the dominant stablecoin in this market, but it quickly became apparent that the stablecoin giant would not meet compliance. Several firms consider this moment a chance to overtake Tether’s market share.
Tether, for its part, is acting strategically. On one hand, it significantly scaled back EU operations in November. The company also heavily invested in Quantoz, which launched one of two MiCA-compliant stablecoins that Algorand identified. The other approved asset, Circle’s USDC, represents an effort to directly muscle in on Tether’s old territory.
Yesterday, Binance announced a partnership with Circle, seemingly to expand in Europe. Coinbase partially owns Circle, and thus, this public gesture took place despite these two massive exchanges’ rivalry. With their combined capital and resources, the pair could make significant strides in the EU market.
For non-stablecoin crypto firms like Algorand, however, this “MiCA market opportunity” might not impact regular operations. The firm has enjoyed an impressive rally in recent months, and its announcement claimed that users could seamlessly use either USDC or EURD from Quantoz.
@ Newshounds News™
Source: Be In Crypto
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CRYPTO SUCCESS SECRETS NOBODY SHARES | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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News, Rumors and Opinions Friday AM 12-13-2024
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 Fri. 13 Dec. 2024
Compiled Fri. 13 Dec. 2024 12:01 am EST by Judy Byington
Possible Timing:
Tues-Wed. 17-18 Dec. 2024: Global Financial Collapse. …Gitmo TV on Telegram Tues. 3 Dec. 2024
Thurs. 26 Dec. 2024: Announcement of the Global Restoration Plan. Every citizen will receive information about the new economic and legal structures. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 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 Fri. 13 Dec. 2024
Compiled Fri. 13 Dec. 2024 12:01 am EST by Judy Byington
Possible Timing:
Tues-Wed. 17-18 Dec. 2024: Global Financial Collapse. …Gitmo TV on Telegram Tues. 3 Dec. 2024
Thurs. 26 Dec. 2024: Announcement of the Global Restoration Plan. Every citizen will receive information about the new economic and legal structures. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024
Mon. 30 Dec. 2024: Final stages of the transition to the new financial system (allegedly) completed. People will begin to access their revalued currencies and debt relief programs. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024
Wed. 1 Jan. 2025: Basil 4 compliance deadline January 2025 – all banks have to (allegedly) prove the money they say they have is backed by gold in their vault. A new era of Freedom and Prosperity officially begins. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024
Fri. 3 Jan. 2025: Global Unity announced as former Alliances restructure. Leaders will present plans for long term peace and cooperation across nations. …Nesara/Gesara on Telegram 5 Dec. 2024
Sun. 5 Jan. 2025: Release of advanced technologies previously suppressed. Free energy devices, healing technologies and environmental restoration tools will be(allegedly) made available to the public. …Nesara/Gesara on Telegram 5 Dec. 2024
Mon. 6 Jan. 2025: The Quantum Financial System (QFS) will officially be activated Worldwide. (allegedly) This secure, transparent and decentralized system will replace the old banking structure, ensuring fairness and equality for all …Nesara/Gesara on Telegram 5 Dec. 2024
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Global Currency Reset:
Judy Note: No one knows the exact timing for notification of Tier 4b (Us, the Internet Group) to make their redemption/ exchange appointments. Iraq has long passed their HCL Law (allegedly) (which was needed to establish the Dinar Rate based on oil prices). The US and Canada started (allegedly) paying VIPs on Wed. 4 Dec, Thurs. 5 Dec, and Fri. 6 Dec. The Iraqi Dinar was (allegedly) being paid at $3.49 in-country. On Tues. 3 Dec. Kurdistan was (allegedly) using the Dinar in-country at a $3.28 rate. Rumor was that the Dong had also revalued and had an unknown in-country rate.
Thurs. 12 Dec. 2024 10:34 am MST Ginger of Liberty Lounge: News just came in that Reno is officially on High Alert. I repeat, yes indeed, they are, in fact, on High Alert this very moment.
Fri. 13 Dec. 2024 Jentel: Iraq is (allegedly) doing RV in-country RV in Iraq right now. So many confirmations coming in that she can’t share. Antiquities are getting turned in now as well. She believes that bonds are moving now. We will see (allegedly) notifications Fri. 13 Dec, in the Gazette on Sat. 14 Dec. It’s just taking longer to complete things behind the scenes.
Sat. 14 Dec. to Mon. 16 Dec. 2024 Birdieorbust Regarding the rumor of 96 hours left to go: This matches the timeline Markz expressed of Sat. 14 Dec. through Mon. 16 Dec, so we shall see. But things are happening in Iraq and it has to spill over to us before long.
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Thurs. 12 Dec. 2024 Bruce:
The Iraqi Dinar was (allegedly) $4 – $4.20 in-country Iraq and trading. Our rates will be (allegedly) much higher and yes, we will be offered the Contract Rate(allegedly). If you want to find out what that is – try to find out what the price per barrel of Iraqi oil is and you find out that and that’s (allegedly) your Contract Rate.
We are hearing we will have an amazing weekend. Notification for Bond Holders and us in Tier4b will be on Sat. 14 Dec.
When you call you will be transferred to a Call Center that will be dealing with you. Your Exchange Center location is dependent on your Zip code or where you want to exchange.
Thurs. 12 Dec. 2024: Goodbye to the old dollars — New banknotes are born and already in use in banks and stores https://infoemplea2.com/en/news/goodbye-to-the-old-dollars-new-banknotes-are-born-and-already-in-use-in-banks-and-stores/
Thurs. 12 Dec. 2024: BREAKING: PALLETS OF CA$H DISCOVERED IN GOVERNMENT BUILDINGS IN DAMASCUS, SYRIA – amg-news.com – American Media Group
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Global Financial Crisis:
Thurs. 12 Dec. 2024: The governments of both Germany and France both collapsed during the month of Nov. 2024.
Thurs. 12 Dec. 2024: The state of Florida is conducting a study to explore using gold and silver as currency, potentially bypassing the Federal Reserve system.
Thurs. 12 Dec. 2024: Dutch banks tell consumers to keep #cash at home due to geopolitical threats. https://www.brusselstimes.com/1350664/dutch-banks-tell-consumers-to-keep-cash-at-home-due-to-geopolitical-threats
Thurs. 12 Dec. 2024 Chicago: The Rothschild Family is drastically pulling back in North America, with plans to close its Chicago office. This move follows a troubling drop in deal volume, leading to the sudden shutdown of their Miami office, barely a year after its grand opening. Now, the Rothschilds will be left with just three U.S. outposts—in New York, Los Angeles, and Boston—raising questions about the future of their American operations.
Read full post here: https://dinarchronicles.com/2024/12/13/restored-republic-via-a-gcr-update-as-of-december-13-2024/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick The auctions...were the reason why the purchasing power of Iraq's currency was being bled out of the country and out of the hand of the citizens. Those auctions needed to be stopped, changed and eventually metamorphosed into an auction that is usable with foreign currency and the Iraqi dinar in their country. They've accomplished all of this...
Mnt Goat As we get closer to the end of the currency auctions and switchover to the new international system at the end of the year...we read multiple articles on this subject matter. According to my CBI source...this is all part of a news campaign to inform the citizens to justify these very near at-hand changes to the currency auction system...We can clearly see there are crooked politicians that do not want this change in the currency auctions to occur...But for Iraq it is time to shake the shackles of the sanctions, which by the way, have been over since December 2022...To progress further we know that Iraq must changeover their currency and when they do it part of the process is the revaluation.
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What Happens When Your Credit Cards Max Out? The Debt Doom Loop...
Lynette Zang: 12-12-2024
Today's video is about going over the debt doom loop we are in with consumer debt surging, driving consumer spending, what will happen when the cards max out? Let the debt doom loop begin...
“Tidbits From TNT” Friday Morning 12-13-2024
TNT:
Tishwash: Why will Iraq become one of Trump's "priorities" in the coming period? - Urgent
Political researcher Ahmed Al-Yasiri predicted, on Friday (December 13, 2024), that major changes will take place in the Middle East region after Donald Trump assumes the presidency of the United States of America.
Al-Yasiri said in an interview with Baghdad Today, "Trump is planning major changes in the Middle East region, and therefore the region is entering a new phase, and Iraq will be at the forefront of these changes in terms of the security and economic reality."
TNT:
Tishwash: Why will Iraq become one of Trump's "priorities" in the coming period? - Urgent
Political researcher Ahmed Al-Yasiri predicted, on Friday (December 13, 2024), that major changes will take place in the Middle East region after Donald Trump assumes the presidency of the United States of America.
Al-Yasiri said in an interview with Baghdad Today, "Trump is planning major changes in the Middle East region, and therefore the region is entering a new phase, and Iraq will be at the forefront of these changes in terms of the security and economic reality."
He added, "According to this change, Iraq will witness internal events, some of which will be difficult and related to the security aspect of the weapons file outside the control of the state. Trump is planning to significantly limit these weapons as part of the policy of trimming Iran's arms in the region."
Trump will assume his duties as US President on January 20, and since winning the presidential elections, he has been making provocative statements from time to time about developments in the region, including that if the detainees in Gaza are not released before his inauguration, there will be “hell” in the Middle East, he said. link
Tishwash: Hassan Ali Abdel: Developing the financial sector is the key to development
Banking expert Hassan Ali Abdul stressed the importance of government trends aimed at promoting the reality of electronic payment and its role in attracting foreign investment flows, and adopting the use of advanced technological means of communications and information.
Abdul explained the importance of supporting the next phase aimed at developing the performance of economic sectors in a way that achieves diversity in the country’s financial revenues and working on preparing in-depth studies on the available and accessible capabilities in non-oil activities and trying to develop them to be able to create alternatives, in addition to the necessity of preparing a long-term strategy that takes into consideration various aspects.
He explained that the entire process requires an advanced banking system capable of supporting all economic operations, and our private banks are now aware of this and are working hard to develop all aspects of their work.
He pointed out that Iraq is an important economic front for many international companies in the coming period, and we must work in this direction and create a suitable environment to attract international efforts. link
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Tishwash: Basra Security: The visit of diplomatic missions aims to highlight Basra as an Iraqi economic capital with enormous development potential
The head of the Security Committee in Basra Provincial Council, Aqeel Talib Al-Furaiji, confirmed that the visit of Arab and foreign diplomatic missions aims to shed light on Basra as an Iraqi economic capital with tremendous development potential.
Al-Furaiji said in a statement by his media office: He accompanied Basra Governor Asaad Al-Eidani to accompany the delegation of diplomatic missions, which included more than 146 figures, to the Grand Faw Port. The tour included a program prepared to introduce the missions to the major projects in the governorate, and an inspection visit to the most prominent stations of the port, including the stages of implementing the submerged tunnel and the completed parts of the project, which reflect tangible progress in its completion.
He explained: "The previous achievements of the local government and its future plans aimed at developing the infrastructure and enhancing Basra's position as a strategic hub in the region were also reviewed.
Al-Furaiji stressed:" Such visits carry a clear message about the authenticity of Basra and its cultural depth, as well as its readiness to receive investments and major projects. link
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Tishwash: Al-Sudani to visit Britain next month
Prime Minister Mohammed Shia Al-Sudani discussed, today, Thursday, in a phone call he received from British Foreign Secretary {David Lammy}, during which bilateral relations and ways to enhance them, developments in the region, and the repercussions of events on the Syrian scene were discussed.
During the call, the Prime Minister stressed, according to a statement from his office, a copy of which was received by {Euphrates News}, “Iraq’s firm position on the necessity of preserving Syria’s security, territorial integrity, sovereignty, and civil peace in light of the free will of the brotherly Syrian people, and respecting their choices and social, ethnic, and cultural diversity, pointing out the necessity for major countries to play their role in stopping the tragedy in Gaza.”
For his part, the British Minister indicated that his government looks forward to the visit that Al-Sudani will make to Britain next month, and the opportunities to enhance the constructive partnership through it, for the mutual interest. He also stressed the commitments of the international coalition towards Iraq in various fields, and the importance of Iraq's pivotal role in preserving the security and stability of the region. link
Mot: ........ stress of the holidaze
Mot: ... They Say --
Seeds of Wisdom RV and Economic Updates Thursday Evening 12-12-24
Good Evening Dinar Recaps,
GOLDMAN SACHS CEO DAVID SOLOMON SAYS BANK NEEDS REGULATIONS TO CHANGE BEFORE LOOKING AT CRYPTO: REPORT
The CEO of Wall Street titan Goldman Sachs reportedly says the investment bank is not diving into crypto without regulatory permission.
According to Reuters, David Solomon says US regulations need to change before the bank can start holding and trading crypto assets.
Good Evening Dinar Recaps,
GOLDMAN SACHS CEO DAVID SOLOMON SAYS BANK NEEDS REGULATIONS TO CHANGE BEFORE LOOKING AT CRYPTO: REPORT
The CEO of Wall Street titan Goldman Sachs reportedly says the investment bank is not diving into crypto without regulatory permission.
According to Reuters, David Solomon says US regulations need to change before the bank can start holding and trading crypto assets.
Says Solomon during an interview at the Reuters NEXT conference in New York,
“That’s a question you have to ask regulators. At the moment, as a regulated banking institution, we’re not allowed to own a cryptocurrency like Bitcoin as a principal.
We give our clients advice around a variety of these technologies and these issues and will continue to do that, but for the moment our ability to act in these markets is extremely limited from a regulatory perspective.”
Solomon’s statement comes amid growing interest in crypto-focused financial products. Investment giant BlackRock’s Bitcoin (BTC) exchange-traded fund is now bigger than its gold exchange-traded fund despite the latter’s 19-year head start.
The crypto market is also anticipated to explode following the victory of Donald Trump in the November election. The president-elect promised to implement policies that will solidify crypto self-custody and bolster the growth of the industry.
Trump also picked crypto-friendly Scott Bessent and Paul Atkins as Treasury Secretary and U.S. Securities and Exchange Commission (SEC) chair, which is regarded as an early sign of an incoming shift in the government’s stance on digital assets.
@ Newshounds News™
Source: DailyHodl
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IOTA COFOUNDER MEETS PHILIPPINE SECRETARY OF TRADE TO DISCUSS EXPANSION IN SOUTH EAST ASIA
▪️Dominik Schiener met Philippine Trade Secretary Cristina Aldeguer-Roque to explore integrating IOTA’s TWIN logistics network into Southeast Asia by 2025.
▪️IOTA’s Rebased protocol introduces a dual-contract system (EVM and MoveVM) enabling 50,000+ transactions per second with minimal latency.
IOTA, a decentralized blockchain solution known for its scalability and efficiency, is ramping up its efforts in Southeast Asia. In a strategic move, Dominik Schiener, IOTA’s co-founder, engaged in an important discussion with Cristina Aldeguer-Roque, the Secretary of Trade for the Philippines.
This meeting occurred during a high-profile international summit, setting the tone for IOTA’s expanding footprint in the region.
The session highlights cooperation between prominent industry leaders and government officials. Discussions reflect a strategic vision to incorporate TWIN into Southeast Asia’s logistics networks, with the aim of implementing it by 2025.
TWIN seeks to optimize trade processes by merging physical goods with digital infrastructure, eliminating inefficiencies and boosting transparency.
Rebased Upgrade Solidifies IOTA’s Expansion
In parallel, IOTA continues to evolve its ecosystem by introducing the Rebased protocol, which represents a pivotal upgrade for the platform.
Building on earlier updates like Stardust, Rebased brings groundbreaking changes, solidifying IOTA’s standing as a leading blockchain innovator. Features such as low transaction fees, staking rewards, and enhanced scalability further underline its commitment to progress.
The Rebased protocol introduces advanced smart contract capabilities through its unique dual-contract framework, which blends the Ethereum Virtual Machine (EVM) with MoveVM. Developers can now leverage Ethereum-compatible tools or Move-based programming languages to create seamless, scalable solutions on the IOTA network.
Moreover, the Mysticeti consensus switch bolsters the protocol’s capacity, enabling over 50,000 transactions per second with minimal latency. This ensures faster finality while retaining decentralization. Notably, IOTA’s adaptive fee burn mechanism keeps transaction costs low, catering to a wide spectrum of users.
The network’s staking model offers attractive incentives, with an initial annual inflation rate of 6-7% and staking yields as high as 10-15% for participants. Such robust features are steering IOTA toward a sustainable future, fostering innovation in decentralized finance (DeFi) and other blockchain applications.
Expanding Ecosystems and Strategic Partnerships
IOTA’s commitment to scalability is evident in the recent growth of its Ethereum Virtual Machine (EVM) Layer 2 platform. Introduced in June 2024, the platform achieved remarkable success, with its Total Value Locked (TVL) climbing from $30 million to $86 million. To further encourage DeFi adoption, IOTA has set aside $28 million for development over the next two years.
On a global scale, IOTA has forged critical alliances. Notable partnerships include the development of Kenya’s Trade and Logistics Information Pipeline, the tokenization of U.S. Treasuries with Realize, and collaborations with Rabby Wallet, LayerZero, and Pyth Network. These ventures showcase IOTA’s dedication to practical applications of blockchain technology.
As 2025 approaches, all eyes are on IOTA to see how it will continue reshaping the digital landscape, driving transparency, efficiency, and growth across industries worldwide.
@ Newshounds News™
Source: Crypto News Flash
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JUST IN: COINBASE SCORES MAJOR WIN IN FOIA CASE AGAINST FDIC
A Federal Judge has once again ruled in favor of Coinbase as FDIC's redactions in core files were called into question
American crypto trading firm Coinbase Global Inc. has scored another major win against the Federal Deposit Insurance Commission (FDIC) in its ongoing Freedom of Information Act (FOIA) legal battle. This new ruling flags the FDIC for making what the court called “nuanced redactions.”
Coinbase and FDIC: Where is The Case Heading?
According to excerpts of the ruling shared by Paul Grewal, the exchange’s Chief Legal Officer, the Judge said FDIC acted in bad faith with its redactions. The judge noted that the market regulator cannot just “blanket redact everything that is not a preposition.”
This new ruling comes as Coinbase shared documents last week that exposed the FDIC’s role in the much criticized Operation Chokepoint 2.0.
@ Newshounds News™
Source: CoinGape
Read more: X .com
~~~~~~~~~
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More News, Rumors and Opinions Thursday PM 12-12-2024
TNT:
Tishwash: Iran takes over OPEC presidency, Iraq as vice-president for 2025
On Wednesday, the Oil Exporting Countries (OPEC) elected Iranian Oil Minister Mohsen Paknejad as interim president of the organization's conference for the year 2025, and Iraqi Oil Minister Hayan Abdul Ghani as vice president.
Iranian Minister Paknejad told reporters about the 189th OPEC conference held via video today, "Various issues were raised in this meeting, the most important of which is Iran assuming the presidency of the next OPEC session in 2025," according to Iranian media.
He added, "In this meeting, the Iraqi Oil Minister was appointed as Vice President of OPEC."
TNT:
Tishwash: Iran takes over OPEC presidency, Iraq as vice-president for 2025
On Wednesday, the Oil Exporting Countries (OPEC) elected Iranian Oil Minister Mohsen Paknejad as interim president of the organization's conference for the year 2025, and Iraqi Oil Minister Hayan Abdul Ghani as vice president.
Iranian Minister Paknejad told reporters about the 189th OPEC conference held via video today, "Various issues were raised in this meeting, the most important of which is Iran assuming the presidency of the next OPEC session in 2025," according to Iranian media.
He added, "In this meeting, the Iraqi Oil Minister was appointed as Vice President of OPEC."
The Iranian Minister expressed his thanks to the President of the Conference and the Ministers of OPEC Member States for their confidence and choosing the Iranian Oil Minister as President of the OPEC Conference in 2025.
"As the President of the OPEC Conference for the year 2025, I will commit myself to harnessing all my capabilities and doing my utmost to enhance the spirit of cooperation, cohesion, solidarity and progress in this organization," Paknejad said.
Yesterday, Tuesday, the Organization of the Petroleum Exporting Countries (OPEC) renewed the mandate of its Secretary-General, Haitham Al-Ghais, for another three years, during a virtual meeting held yesterday.
Al-Ghais took office in early August 2022, replacing Mohammed Barkindo of Nigeria, and OPEC decided to hold its next regular meeting on May 28, 2025. link
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Tishwash: Kurdistan Region signs trade agreement with India
The Chamber of Commerce in Erbil, the capital of the Kurdistan Region, signed an agreement on Thursday to enhance trade with India.
The head of the Erbil Chamber of Commerce, Gilan Haj Saeed, told Shafaq News Agency, "The relations of the Kurdistan Region with India are old, and we always hope for the development of these relations in all fields. India is one of the main countries importing oil to Iraq, and likewise Iraq is a major importer of Indian products."
Haj Saeed expressed his hope that the signing of the Memorandum of Understanding today would be a good incentive to enhance the trade process between the two sides and to include all areas in a way that serves the common interests.
He also hoped that Indian companies would invest in the Kurdistan Region under the current investment law that provides great facilities to investors so that the foreign investor would be considered like the local investor with all privileges, pointing out that "the Kurdistan market needs investments in all fields."link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat “THE TURNING POINT: IRAQ’S LEAP INTO THE DIGITAL ECONOMY” This is...a shift towards better financial inclusion... Iraq’s transition to digital payments will unlock a range of economic benefits and I am told by my CBI contact that this is the precursor to the Project to Delete the Zeros...and the plan to end the currency auctions of using dollars to electronic transactions by the end of the 2024...in about 3 weeks... We...look forward to the initiation of the Project to Delete the Zeros, if in fact the CBI does intend to reinstate the dinar back on FOREX... Let’s all keep an eye for what happens when Iraq finally makes this huge transition away from using purely cash to all digital.
MarkZ [via PDK] I have gotten another report from another Iraq contractor saying that they are due to renegotiate rates on their contracts with the government of Iraq this week. So I am going to say that the rumors out there with contractors are true at this point. I am definitely hearing that a number of contractors are negotiating rates on contracts in the low $3 range. This has me exceptionally excited.
Good News: Baghdad Selected ATO Capital for 2025; USD/IQD 1310 to $1.00
Edu Matrix: 12-12-2024
Good News: Baghdad has been Selected as the Arab Tourism Organization (ATO) Capital for 2025. This is a big deal for Iraq and could be the beginning of massive tourism income.
Prime Minister Mohammed S. Al-Sudani expressed his gratitude to everyone who contributed to this achievement, adding: "These initiatives aim to enhance service standards and modernize the capital's infrastructure to a level that reflects its historical and cultural stature and that of Iraq as a whole."
The ATO, or the Arab Tourism Organization, was founded in 1954 in Cairo, Egypt. Its mission is to promote tourism in the Arab states and coordinate all efforts to draw up a unified Arab tourist policy.
The organization provides members with all possible services and assists them in acquiring professionalism by supplying them with relevant studies and information. It also removes obstacles to the expansion of tourism.