More News, Rumors and Opinions Sunday PM 12-15-2024
KTFA:
Clare: Interior Ministry: Tomorrow, the opening of the electronic passport systems in the American cities of Los Angeles and Detroit
12/15/2024 Baghdad /
The Directorate of Civil Status, Passports and Residence issued a notice today, Sunday, regarding the opening of the electronic passport system outside Iraq.
A statement by the Directorate stated, "The Directorate of Civil Status, Passports and Residence would like to inform citizens regarding the campaign to open the electronic passport system outside the country to be available to Iraqis residing abroad."KTFA:
Clare: Interior Ministry: Tomorrow, the opening of the electronic passport systems in the American cities of Los Angeles and Detroit
12/15/2024 Baghdad /
The Directorate of Civil Status, Passports and Residence issued a notice today, Sunday, regarding the opening of the electronic passport system outside Iraq.
A statement by the Directorate stated, "The Directorate of Civil Status, Passports and Residence would like to inform citizens regarding the campaign to open the electronic passport system outside the country to be available to Iraqis residing abroad."
KTFA:
Clare: Interior Ministry: Tomorrow, the opening of the electronic passport systems in the American cities of Los Angeles and Detroit
12/15/2024 Baghdad /
The Directorate of Civil Status, Passports and Residence issued a notice today, Sunday, regarding the opening of the electronic passport system outside Iraq.
A statement by the Directorate stated, "The Directorate of Civil Status, Passports and Residence would like to inform citizens regarding the campaign to open the electronic passport system outside the country to be available to Iraqis residing abroad."
The statement added, "Tomorrow, corresponding to 12/16/2024, is the date for the opening of the electronic passport systems in the cities of Los Angeles and Detroit in the United States of America, in coordination with the Ministry of Foreign Affairs." LINK
Clare: Minister of Electricity sponsors signing of contract to build 3 transformer stations in southern Iraq with international funding
12/15/2024
In Sunday, the Minister of Electricity, Ziyad Ali Fadhil, sponsored the signing ceremony of a contract to establish three secondary electricity conversion stations in Basra Governorate, with a capacity of 3×90 MVA and a voltage of 132/33 kV, funded by the World Bank.
According to a statement issued by the ministry, and received by Shafaq News Agency, the project will be implemented by a coalition of the Turkish companies (BEST and BETAS), while the German company Antik Cuba will supervise the consultancy of the project, which is scheduled to be completed within 18 months.
The three stations are distributed over vital areas in Basra. Al-Qibla station will be established in the governorate center to serve areas with high population density, Al-Ghadeer station in Al-Ghadeer neighborhood to meet the needs of residents and service projects, while Al-Faiha station in Shatt Al-Arab district will serve residential areas and service projects.
During the signing ceremony, the Minister stressed the importance of this strategic project, noting that the new stations will contribute to increasing the hours of electricity supply, resolving bottlenecks in the electricity grid, in addition to providing reliable power sources and achieving stability in the electricity system in the governorate.
It is noteworthy that this project comes within the Ministry of Electricity’s plans to develop the infrastructure of the electricity grid and improve the electricity service for citizens throughout Iraq. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV talks about 140 ambassadors from around the world and the IMF and the World Bank are arriving is Basra. They're saying for a historic event. That's where the ports are with the development project. They're saying to us this will link Iraq with international world...All these people are coming for a three day event...
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani gave a big speech and he talked about how very very serious his government is about increasing the citizens' purchasing power. He said Iraq has reached a historical time for financial increase. He talked about how stable we are. FRANK: Now that he has told you again for the 9th time, allow me to say this to you...Start your countdown!
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MARKETS A LOOK AHEAD: "Nothing Unusual Is Happening." IMPORTANT UPDATES!
Greg Mannarino: 12-15-2024
MASSIVE BANKING CRISIS: $1.5 TRILLION Commercial Real Estate Debt DUE 2025
Taylor Kenny: 12-15-2024
The rise in vacant office buildings is more than just an eyesore—it’s a ticking time bomb threatening the U.S. economy. With commercial real estate delinquencies at record highs and over $1 trillion in loans coming due by 2025, small and regional banks are dangerously exposed.
In this video, we uncover how this crisis mirrors 2008, how it could lead to widespread bank failures, and what you can do to protect yourself.
CHAPTERS:
00:00 Introduction: Empty Office Buildings—A Hidden Crisis
00:25 Commercial Real Estate Delinquencies Surge
00:55 Breaking Down the Ripple Effects
01:10 How Big Banks Created the Problem
02:12 Historic Vacancy Levels: Landlords Defaulting
02:47 The Banks Holding the Risk
03:33 Why This Crisis Mirrors 2008
04:10 The Domino Effect: 4 Key Risks to Watch
06:05 “Survive Until 2025”: A Doomed Strategy
06:43 Escalating Delinquencies: The Fastest Spike in History
07:26 How Bank Failures Could Ripple Through the Economy
08:00 Why You Can’t Count on the Fed to Save You
Seeds of Wisdom RV and Economic Updates Sunday Afternoon 12-15-24
Good Afternoon Dinar Recaps,
ATKINS AND SACKS: PIONEERS OF CRYPTO REGULATION?
Following Gary Gensler’s resignation, Paul Atkins was nominated to take over as the new Chairman of the SEC—the approval of which would mark his return to the Commission after a 17-year hiatus and could mark a drastic change for the crypto industry and digital assets.
Good Afternoon Dinar Recaps,
ATKINS AND SACKS: PIONEERS OF CRYPTO REGULATION?
Following Gary Gensler’s resignation, Paul Atkins was nominated to take over as the new Chairman of the SEC—the approval of which would mark his return to the Commission after a 17-year hiatus and could mark a drastic change for the crypto industry and digital assets.
Paul Atkins Returns: A New SEC
A current Chief Executive at Patomak Global Partners, Atkins is a veteran of the financial world. Atkins started his career as an attorney on Wall Street in the 1980s before eventually earning the title of SEC Commissioner in the early 2000s. Beginning his career in the financial wild west, and spending his tenure at the SEC in the wake of the dotcom bubble, Atkins has considerable experience in novel financial markets.
As head of a consulting firm that advises emerging fintech companies on the regulatory environment, Atkins has sensibly become involved in the crypto industry. Notably, in the Spring of 2020, Atkins joined the board of advisors for the Chamber of Digital Commerce, the world’s first and largest blockchain trade association. Prior to joining the Chamber’s board, Atkins served as co-chair of the Chamber’s Token Alliance, where he “focused on token issuances, trading platforms, and other areas under the SEC’s purview.”
Atkins has also served on the advisory board of Securitize, a company that works on tokenizing securities with Blackrock and $Ondo. Ondo Global Markets, which is set to launch early next year, plans to offer tokenized stocks and bonds on-chain. As Chairman of the SEC, Atkins would be able to open the door to tokenization companies that are looking to bring transparency and efficiency to traditional financial markets.
A firm believer in free markets, Atkins has notoriously criticized the Dodd-Frank legislation that came in the wake of the financial crisis as overly-burdensome on the banking industry. Given Atkins’ previous support of SEC Commissioner Hester Pierce’s crypto safe harbor proposal, it appears he will bring the same view to the crypto industry as Chairman.
This is evident by Atkins’ public advocacy for an SEC approach that enables new markets such as crypto to flourish in a healthy environment. For example, while at the Chamber of Digital Commerce, Atkins has been a longtime champion for bringing about regulatory clarity for token projects.
Criticizing the Howey test as “quite old” and questioning “whether or not it’s still current,” Atkins suggested the Supreme Court could use the Ripple case to reexamine Howey’s “coherence in the current environment and whether it needs to be tweaked.”
Atkins has also previously indicated that the then-incoming SEC chair—Gary Gensler—could withdraw the agency’s lawsuit against Ripple. While that failed to happen under Gensler, Atkins’ comment raises an interesting possibility for the future of the SEC’s case with him now at the helm.
Paul Atkins’ nomination as Chairman of the SEC ushers in a wave of optimism for the crypto industry, potentially signaling an end to its unnecessary battle with the Commission. With his broad experience navigating both traditional and emerging markets from both the public and private sectors, Atkins is uniquely positioned to bridge the gap between legacy financial systems and the rapidly evolving blockchain and tokenization ecosystems by providing a clear regulatory environment.
The New Czar: David Sacks’ Mission to Jumpstart Crypto and AI
Another win for the crypto community was scored with the appointment of David Sacks as the United States’ first Crypto and AI Czar. Making his name as an early PayPal executive, Sacks has since developed his own successful venture capital firm, Craft Ventures.
A believer in revolutionizing the payments system, Sacks did not stray far from the space. Since leaving PayPal, Sacks has invested significantly in cryptocurrencies like bitcoin and Solana, while also helping fund crypto companies such as Lightning Labs, BitGo, and Bitwise.
Sacks has been a longtime proponent of digital assets, explaining in 2017 that cryptocurrencies are fulfilling PayPal’s “original vision” of creating a “database of money.” In the runup to the recent election, Sacks highlighted “[w]hat the crypto industry has been asking for more than anything else is a clear legal framework to operate under,” and suggested that a Trump victory would provide that.
Now, the president-elect has given Sacks the opportunity to make that a reality. According to Trump’s announcement, Sacks’ primary role as Crypto and AI Czar will be “to work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the US.”
Sacks has been a critic of the SEC’s unpredictable approach to regulation by enforcement and advocates for delineating a clear line between SEC and CFTC jurisdiction.
On his All-In podcast, Sacks supported the Financial Innovation and Technology for the 21st Century Act, which would have classified digital assets running on decentralized blockchains as commodities subject to the CFTC’s jurisdiction.
Despite ultimately failing in the Senate, Sacks is hopeful some variation of the bill will pass in a now-united Congress. In addition to Sacks, some Courts have also taken umbrage with the SEC’s positions relating to the digital asset space.
Given the novelty of the Crypto and AI Czar position, it is unclear how much of a role Sacks will be able to play in the formal decision-making process. Regardless, the Silicon Valley financier will be able to act as a knowledgeable liaison between the President and the regulatory agencies and guide policy discussions toward establishing a healthy framework for crypto.
The Future, In America
Together, Atkins and Sacks bring a breadth of experience and a forward-thinking approach to navigating the complexities of emerging technologies. From Atkins advising Wall Street in the original Wild West of finance, to Sacks’ membership in the “PayPal Mafia,” these two have a unique understanding of revolutionary finance.
Atkins and Sacks’ nominations mark a pivotal moment for cryptocurrency and suggest a brighter regulatory future ahead. Pioneers in both the AI and crypto industries—from Sam Altman to Brian Armstrong (see also)—have congratulated the two on their nominations and shown their enthusiasm to begin building in a friendly environment. Commissioner Pierce expressed her “delight[]” to work with Atkins again “to advance free markets, capital formation, investor choice, and innovation.”
It is currently unknown how Atkins’ nomination will change the enforcement priorities of the SEC for 2025. As attorneys operating exclusively in the digital asset space, we are optimistic about the regulatory environment taking shape under the leadership of Paul Atkins and David Sacks.
With Atkins’ commitment to regulatory clarity and free markets and Sacks’ entrepreneurial vision for crypto and AI, this duo has the potential to return the United States to its position as a leader in financial innovation.
@ Newshounds News™
Source: Bitcoin News
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WHAT BANKS ARE HIDING FROM YOU! | Youtube
On ChokePoint 2.0 and Debanking
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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BRICS Vows to Leave IMF and Western Financial System
BRICS Vows to Leave IMF and Western Financial System
Fastepo: 12-14-2024
The global financial landscape is undergoing seismic shifts as BRICS nations—Brazil, Russia, India, China, and South Africa—declare their intention to distance themselves from the International Monetary Fund (IMF) and the broader Western financial system dominated by the United States.
This pivotal moment poses critical questions about the future of the US dollar, global economic governance, and international trade relationships.
Formed as a coalition of emerging economies, BRICS has historically sought to promote alternative models of development that reject Western hegemony. Over the years, these nations have expanded their influence in global affairs, presenting themselves as a counterbalance to the West.
BRICS Vows to Leave IMF and Western Financial System
Fastepo: 12-14-2024
The global financial landscape is undergoing seismic shifts as BRICS nations—Brazil, Russia, India, China, and South Africa—declare their intention to distance themselves from the International Monetary Fund (IMF) and the broader Western financial system dominated by the United States.
This pivotal moment poses critical questions about the future of the US dollar, global economic governance, and international trade relationships.
Formed as a coalition of emerging economies, BRICS has historically sought to promote alternative models of development that reject Western hegemony. Over the years, these nations have expanded their influence in global affairs, presenting themselves as a counterbalance to the West.
The recent call to exit the IMF and dismantle reliance on Western financial institutions signals a significant escalation in this long-standing challenge.
The dollar has long been the world’s primary reserve currency, underpinning international trade and finance. However, as BRICS members seek to develop their own currency mechanisms, the dominance of the dollar could be at risk. Prior initiatives promoted by BRICS to encourage trade in local currencies may gain traction, leading to a shift in global financial practices.
The BRICS’ vow to exit the IMF and the Western financial system marks an important chapter in the ongoing saga of global economic governance.
As these emerging powers push for a new economic order that elevates their interests, they raise fundamental questions about the future of the US dollar and the structure of global finance. While the path ahead is fraught with challenges, the intention alone signals a shift that could have far-reaching implications for the balance of power in the 21st century.
As countries navigate this complex terrain, observers will undoubtedly watch closely to see how these aspirations transform into reality, and what it means for the global economy at large.
Watch the video below for more information.
Seeds of Wisdom RV and Economic Updates Sunday Morning 12-15-24
Good Morning Dinar Recaps,
Why Hong Kong has grown into a crypto hub — CEO of WOW Summit
"Hong Kong’s ‘one country, two systems’ framework lets it explore digital asset innovation more freely," Ivan Ivanov told Cointelegraph.
Hong Kong has rapidly become a cryptocurrency hub, positioning itself as a center for financial innovation alongside the United Arab Emirates (UAE) and Singapore. Ivan Ivanov, global CEO of WOW Summit, said this innovation was fostered by a mixture of strong regulatory policy and Hong Kong’s status as a special economic region.
Good Morning Dinar Recaps,
Why Hong Kong has grown into a crypto hub — CEO of WOW Summit
"Hong Kong’s ‘one country, two systems’ framework lets it explore digital asset innovation more freely," Ivan Ivanov told Cointelegraph.
Hong Kong has rapidly become a cryptocurrency hub, positioning itself as a center for financial innovation alongside the United Arab Emirates (UAE) and Singapore. Ivan Ivanov, global CEO of WOW Summit, said this innovation was fostered by a mixture of strong regulatory policy and Hong Kong’s status as a special economic region.
Ivanov told Cointelegraph that Hong Kong’s special relationship with mainland China and robust regulation allow Hong Kong to be a sandbox for financial and technical innovation, which benefits startups, nascent technologies, and institutional investors. Ivanov wrote:
"You get the excitement and potential of crypto, but with the stability and security of a well-established financial system. With Hong Kong's strong connections to the global market, especially Mainland China, it's a really unique and promising place for crypto."
The WOW Summit CEO added that Hong Kong’s stablecoin policy, which requires issuers of stablecoins to acquire licenses and keep their fiat reserves in local Hong Kong banks, promotes trust and transparency in the nascent asset sector.
Hong Kong’s recent crypto developments
Hong Kong’s robust regulatory regime creates an attractive climate for investors who want to experience the upside of cutting-edge technology in finance without fear of losing funds in risky ventures with no legal recourse.
In October 2024, The Hong Kong Financial Services and Treasury Bureau (FSTB) laid out ground rules for AI in finance to mitigate the risks of AI while still fostering integration into existing systems.
The Hong Kong Monetary Authority (HKMA) also announced Project Ensemble in October 2024. The initiative between the HKMA, the Central Bank of Brazil, and the Bank of Thailand explored cross-border tokenized settlements between the three countries.
Hong Kong’s Cyberport Web3 network — a state-run business hub promoting digital asset innovation — now features over 270 blockchain firms. The Cyberport network added more than 120 firms in the past 17 months alone.
In November 2024, ZA Bank, Hong Kong’s largest digital bank, launched retail crypto trading for its clients. The government of Hong Kong also proposed exempting institutional investors from capital gains on their crypto holdings to encourage investment.
https://cointelegraph.com/news/why-hong-kong-become-crypto-hub-ceo-wow-summit
@ Newshounds News™
Source: CoinTelegraph
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BRICS: Trump Tariff Threat Has China Eyeing Key Move to Ditch US Dollar
Amid growing tension between the BRICS economic alliance and the US, Donald Trump’s impending tariff threat has China considering what would be a major move to ditch the US dollar. Shortly after his victory, the United States President-elect warned he would impose 100% tariffs on countries looking to abandon the greenback.
The move is looked at as a key defense from Trump to protect the global status of the currency. However, the BRICS alliance has not been shy about its goal to diversify global finance. Specifically, it has been seeking to promote local currencies over the dollar for much of the last two years.
China Presents Answer to Trump Tariff Threat; It’s Bad News for the US Dollar
Since 2022, the BRICS bloc has firmly embraced de-dollarization efforts. After Western sanctions were imposed on Russia following its invasion of Ukraine, the alliance sought new ways to lessen its reliance on the currency. Since then, talks of trade settlement assets and payment systems have abounded.
Yet the United States, with a new regime impending, has sought to put an end to that. But that hasn’t stopped the bloc from defending itself. Indeed, amid the BRICS and US face-off, Donald Trump’s 100% tariff threat has been answered, with China eyeing a key move to ditch the US dollar.
A new report has called for China to anchor the yuan to non-US dollar currencies. Specifically, a Beijing-based think tank urged policymakers to explore a basket of currencies for the exchange rate of the yuan. The move would create more flexibility in terms of domestic monetary policy and would seek a boost in demand.
The China Finance 40 Forum group that proposed the idea is comprised of senior Chinese regulator officials and finance experts. Moreover, it was devised as a clear answer to the ongoing worry Donald Trump presents.
“Given the stronger dollar and tariff threats posed by Donald Trump’s re-election, intensified external uncertainties could limit the space for domestic monetary policies aimed at maintaining internal and external balance,” the group said. Therefore, finding a new anchor for the currency would “counter the pressures.”
@ Newshounds News™
Source: Watcher Guru
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DISCOVER THE GCR RV: TIPS FOR STAYING PRODUCTIVE IN 2024! | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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News, Rumors and Opinions Sunday AM 12-15-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 15 Dec. 2024
Compiled Sun. 15 Dec. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Fri. 13 Dec. 2024 Wolverine: I am under an NDA, but want you to know that we are all going to have a very merry Christmas. Reno has been given the GREEN light and has started as there is movement. Please be patient as we are definitely going to have a merry, merry Christmas. I ask all of you to pray that nothing goes wrong.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 15 Dec. 2024
Compiled Sun. 15 Dec. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Fri. 13 Dec. 2024 Wolverine: I am under an NDA, but want you to know that we are all going to have a very merry Christmas. Reno has been given the GREEN light and has started as there is movement. Please be patient as we are definitely going to have a merry, merry Christmas. I ask all of you to pray that nothing goes wrong.
MilitiaMan: There’s 140 ambassadors already started arriving for a celebration in Basra Iraq.
Sat. 14 Dec. 2024 Fallawosophy: I’ve heard good news about movement in the RV. All info that I cannot share. It looks like 4b should kick off Monday.
Sat. 14 Dec. 2024 Sunny: We got early morning message from Reno and group leader. I’m just copy paste. “The money is there. It’s just logistical issues”
Sat. 14 Dec. 2024 Doc G: I can actually confirm that people are getting paid in Texas.
Fri. 13 Dec. 2024: BOOM!!! UP NEXT: Florida’s Explosive Plan to Use Gold and Silver as Currency, Bypassing the Federal Reserve System! – amg-news.com – American Media Group
Sat. 14 Dec. 2024: INTEL: Quantum Financial System, Global Currency Reset, and the Med Beds 5D ~ Trust the Plan! – amg-news.com – American Media Group
Fri. 13 Dec. 2024: MILITARY INTEL! Global Strategic Impact: Starlink’s Military Applications, RVs &GESARA, and the Quantum Financial System – amg-news.com – American Media Group
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Sat. 14 Dec. 2024 GLOBAL CURRENCY RESET: THE STORM IS HERE …Gitmo TV on Telegram (RUMORS)
Brace yourselves! The long-anticipated shift is upon us, and the wheels are turning faster than ever. Iraq’s oil-backed Dinar rate is confirmed to have revalued in-country, sparking seismic activity across the financial landscape. Reno is green-lit. Redemption centers are fully prepped, and sources confirm Tier 4b notifications could drop any moment.
Reports claim the Iraqi Dinar is actively being used at rates of $3.49 in-country and Kurdistan at $3.28. Rumors of Vietnam’s Dong revaluation are swirling, with insiders hinting at secret rates already circulating. This is not a drill.
On High Alert: Multiple trusted sources, including those directly connected to redemption centers, have confirmed that everything is ready to go. The Quantum Financial System (QFS) operates 24/7, bypassing traditional banking limitations. This means the trigger can be pulled on any day—weekend or not.
A Historic Moment: Iraqi PM recently finalized crucial Dinar negotiations, aligning with international partners. Ambassadors from 140 nations have gathered in Basra for an unprecedented celebration. UNESCO, UNICEF, the World Bank—they’re all in attendance. Why? Because Iraq is opening its gates to global investors in a bold, history-making move.
Meanwhile, whispers from trusted Arabic sources claim Syria has revalued its currency, signaling a domino effect.
Bondholders and Tier 4b participants are on edge, awaiting the call that will change everything.
MedBeds Are Coming: Don’t forget to ask about MedBeds during your redemption appointment. These revolutionary healing technologies will be available shortly after the process begins, offering unprecedented solutions to health challenges.
This is it. Prepare for a monumental Christmas. Faithful insiders maintain the breakthrough will happen before the holidays. If not by then, mark your calendars for January 25. Either way, the world as we know it is about to change forever.
Stay vigilant, keep the faith, and remember: The Storm is real. Notifications could land in your inbox any second. Eyes open, patriots. This is the final countdown.
Read full post here: https://dinarchronicles.com/2024/12/15/restored-republic-via-a-gcr-update-as-of-december-15-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick There will be purchasing power. Article 12 means no restrictions. No sanctions. No auctions. All those equals no three zero notes. There's only one way for this to turn out...
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
CBI on TV talking about the dollar auctions are bad but as of today the CBI has started new mechanism for money transfers... FRANK: This is monetary reform education - boom - boom - boom - boom. With all the lies [out there], the whole team is coming out and telling you Iraqi citizens, relax. FIREFLY: The salaries of October, November and December will be paid to the Kurds as soon as possible. Then they talked about a 15-day period that started on November the 28th in which the dollar auctions will end. That put the date as this Sunday the 15th...
5 SHOCKING Indicators the Economy is Heading for Total Collapse
The Jay Martin Show: 12-14-2024
Today on the Jay Martin Show, Jay sits down with Danielle DiMartino Booth, CEO of QI Intelligence and author of Fed Up. the pair dissect critical economic and geopolitical trends shaping today's markets. They explore the historic overvaluation of the stock market, rising consumer debt, and the hidden vulnerabilities in the gig economy.
Danielle offers insights into the challenges facing commercial real estate, multigenerational housing trends, and the surge in build-to-rent developments.
The conversation also touches on Canada’s shifting economic landscape, the implications of leadership vacuums, and what lies ahead for global markets in 2025.
Do we still need to worry about CBDCs? | David Morgan
Arcadia Economics: 12-14-2024
We've been hearing about the CBDCs for years. And now as the governments continue to feel the weight of their debt, and the soon to be treasury secretary is talking about a 'Bretton Woods realignment,' do we still need to be concerned about them trying to jam a CBDC down everyone's throat?
To find out more, click to watch the video now!
“Tidbits From TNT” Sunday Morning 12-15-2024
TNT:
Tishwash: The Central Bank and the Securities Commission sign a joint memorandum of understanding to enhance cooperation
The Securities Commission announced today, Sunday, the signing of a joint memorandum of understanding with the Central Bank to enhance cooperation.
The Deputy Chairman of the Securities Commission, Nagham Hussein Ismail, said: “Based on the joint cooperation between government institutions, and in view of the desire of the Securities Commission and the Central Bank of Iraq to create a joint cooperative framework for both parties that contributes to achieving the goals of sustainable development in the banking sector, a memorandum of understanding was signed between the two parties.”
TNT:
Tishwash: The Central Bank and the Securities Commission sign a joint memorandum of understanding to enhance cooperation
The Securities Commission announced today, Sunday, the signing of a joint memorandum of understanding with the Central Bank to enhance cooperation.
The Deputy Chairman of the Securities Commission, Nagham Hussein Ismail, said: “Based on the joint cooperation between government institutions, and in view of the desire of the Securities Commission and the Central Bank of Iraq to create a joint cooperative framework for both parties that contributes to achieving the goals of sustainable development in the banking sector, a memorandum of understanding was signed between the two parties.”
She added, "The signing of the agreement came to enhance cooperation between the two parties in the field of information related to shareholders, and to benefit from the electronic window of the shareholders' system approved by the Iraq Stock Exchange." link
Tishwash: To discuss the budget and salaries of Kurdistan.. A delegation from the regional government arrives in Baghdad
A high-level delegation from the Kurdistan Regional Government arrived this morning, Sunday.KurdistantoCapital BaghdadTo discuss a number of files, most notably the budget and salaries of the region’s employees.
The spokesman wasMinistry of FinanceThe Minister of Economy in the Kurdistan Regional Government, Honar Jamal, confirmed yesterday, Saturday, that the Minister of Finance and Economy in the Regional Government, Awat Sheikh Janab, will head the government delegation.
He explained that "the delegation will meet with the Federal Minister of Finance, Taif Sami, to discuss the issue of salaries of the region's employees for the months of October, November and December of 2024, in addition to discussing amending the federal budget and the region's share in the 2025 budget." link
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Tishwash: Parliamentary Finance Committee reveals the impact of the delay in 2025 schedules on salaries and projects
The Parliamentary Finance Committee revealed, today, Sunday, the extent of the impact of the delay in the 2025 budget schedules on projects and salaries for the next year.
Committee member Mustafa Al-Karawi said, “The budget is a three-year budget, so its texts are ongoing, except for the tables, which are revised and amended according to the actual spending and expenditure,” noting that “the projects that operate in arms and are ongoing will continue their work.”
He explained that "the current ongoing projects will remain, and salaries will continue for next year, even if the approval of the 2025 schedules is delayed," adding that "the new inclusion of new projects will be suspended until the schedules are approved, because a new project cannot be included, and spending will continue on the 2024 schedules, until the new schedules are approved, and then new projects can be included."
Expectations indicate that the 2025 schedules will be delayed for a long time, because the parliament’s legislative recess will not end until January 9th of next year, 2025.
The schedules will also remain suspended until the completion of amending the budget law, specifically paragraph 12 related to the Kurdistan region, which faces severe disagreements, which will lead to obstructing the amendment of the budget or approving the schedules. link
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Tishwash: Due to power outage, the dollar market and banks close their doors in Sulaymaniyah
A local source confirmed, today, Sunday (December 15, 2024), that the "dollar market" and banks in Sulaymaniyah Governorate closed their doors due to a power outage.
The source said in an interview with " Baghdad Today " that "the buying and selling operations and money trading in the dollar market have almost completely stopped and the market in Sulaymaniyah has been closed, and the banks have also been closed due to the power outage."
National electricity has been cut off throughout Sulaymaniyah since this morning.
The Director General of Sulaymaniyah Electricity, Anwar Hama Saeed, said in a press statement followed by " Baghdad Today" that "electricity has been cut off in all parts of Sulaymaniyah since four o'clock in the morning today."
The concerned authorities have not yet announced the reasons for the power outage. link
Mot: ..... what happened????
Mot: ... word to the Wise
Seeds of Wisdom RV and Economic Updates Saturday Afternoon 12-14-24
Good Afternoon Dinar Recaps,
US SENATOR: NEW TREASURY SECRETARY WILL CHAMPION DIGITAL ASSETS
A senator hails Scott Bessent as a champion for digital assets, backing his Treasury Secretary nomination to advance a Strategic Bitcoin Reserve and reshape U.S. fiscal policy.
The Pro-Crypto Leader Poised to Shape US Fiscal Policy
U.S. Senator Cynthia Lummis (R-WY) has voiced firm backing for President-elect Donald Trump’s selection of hedge fund manager Scott Bessent as the next Treasury Secretary. Last month, Trump nominated Bessent to succeed Janet Yellen as the 79th U.S. Treasury Secretary.
Good Afternoon Dinar Recaps,
US SENATOR: NEW TREASURY SECRETARY WILL CHAMPION DIGITAL ASSETS
A senator hails Scott Bessent as a champion for digital assets, backing his Treasury Secretary nomination to advance a Strategic Bitcoin Reserve and reshape U.S. fiscal policy.
The Pro-Crypto Leader Poised to Shape US Fiscal Policy
U.S. Senator Cynthia Lummis (R-WY) has voiced firm backing for President-elect Donald Trump’s selection of hedge fund manager Scott Bessent as the next Treasury Secretary. Last month, Trump nominated Bessent to succeed Janet Yellen as the 79th U.S. Treasury Secretary.
Lummis emphasized that his appointment could bolster her recently proposed legislation advocating for a Strategic Bitcoin Reserve. This initiative, formally known as the BITCOIN Act, was unveiled in July and aims to establish a federal bitcoin reserve to fortify the U.S. dollar and tackle the growing national debt. The senator expressed her enthusiasm on the social media platform X on Friday, stating:
Scott Bessent will be a champion for digital assets and a crucial ally in passing my Strategic Bitcoin Reserve.
“I look forward to working closely with the future Treasury Secretary to restore fiscal responsibility!” she added.
The concept of a U.S. strategic bitcoin reserve has gained traction recently, with several states initiating legislative efforts to establish such reserves. Notably, Texas introduced House Bill 1598, aiming to create a strategic bitcoin reserve funded through donations and gifts, allowing residents to pay taxes in bitcoin.
Similarly, Pennsylvania proposed legislation permitting its treasury to allocate up to 10% of state funds into bitcoin. At the federal level, Trump has advocated for a national bitcoin reserve, a proposal that has sparked debate among experts regarding its feasibility and potential economic impact.
These developments reflect a growing interest in integrating bitcoin into governmental financial strategies across the U.S.
Supporters of the decision have praised Bessent’s openness to cryptocurrency innovation. Ripple CEO Brad Garlinghouse, for instance, commented on X: “I don’t want to get too far ahead of myself but… Scott Bessent is the perfect pick by Donald Trump. He will be the most pro-innovation, pro-crypto Treasury Sec we’ve ever seen.”
Bessent, who founded Key Square Capital Management and previously served as chief investment officer for George Soros, has gained recognition for his macroeconomic acumen. Known for advocating deficit reduction and regulatory reform, his nomination has been met with optimism by financial markets and business leaders. Many anticipate his leadership could foster policies favorable to cryptocurrency, potentially advancing proposals such as Lummis’s bitcoin reserve plan.
@ Newshounds News™
Source: Bitcoin News
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BANK OF ENGLAND GIVES CRYPTO FIRMS TILL MARCH 2025 TO DISCLOSE DIGITAL ASSET EXPOSURE
England’s central bank is giving companies until March 2025 to disclose their exposure to digital assets.
In a new announcement, The Bank of England says that the Prudential Regulation Authority (PRA) – the UK’s financial regulator – is looking to gather data on firms’ current and future exposure to crypto assets.
“This [data] will inform work across the PRA and the Bank of England on crypto assets by helping us calibrate our prudential treatment of crypto asset exposures, analyze the relative costs and benefits of different policy options and providing an updated view of firms’ current and intended crypto asset-related business activities as a base from which to monitor the financial stability implications of these assets.”
Some of the disclosure requirements include any business related to digital assets and how the bank profits from it, risk management policies of the bank toward crypto, a rundown of how the bank reports its crypto assets, and the most significant crypto-related risks the firms are exposed to and how they plan to manage them, according to the PRA’s questionnaire.
“The decision to hold crypto assets (either under trading or banking book) and provide services to crypto asset operators must be fully consistent with the bank’s risk appetite and strategic objectives as set down and approved by the board, as well as with senior management’s assessment of the bank’s risk management capabilities.”
According to the PRA’s second framework for crypto assets, which was released in 2022, firms still cannot completely mitigate the risks of using permissionless blockchains.
@ Newshounds News™
Source: DailyHodl
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DISCOVER THE BRICS AI ALLIANCE REVOLUTIONIZING GLOBAL TECH IN 2024 | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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US Dollar will Look Like Pump and Dump Stock
US Dollar will Look Like Pump and Dump Stock
David Lin: 12-13-2024
In recent discussions around the health and future of the U.S. dollar, Morgan Lekstrom, President and Director of NexGold Mining Corp., shared a striking perspective, suggesting that the dollar could resemble a “pump and dump” stock.
This metaphor implies a volatile and deceptive cycle wherein the value of the dollar is artificially inflated only to be discarded quickly, leaving investors vulnerable to significant losses.
US Dollar will Look Like Pump and Dump Stock
David Lin: 12-13-2024
In recent discussions around the health and future of the U.S. dollar, Morgan Lekstrom, President and Director of NexGold Mining Corp., shared a striking perspective, suggesting that the dollar could resemble a “pump and dump” stock.
This metaphor implies a volatile and deceptive cycle wherein the value of the dollar is artificially inflated only to be discarded quickly, leaving investors vulnerable to significant losses.
The context of Lekstrom’s remarks stem from the increasing concerns over inflation, geopolitical instability, and a shifting global financial landscape that has many investors seeking safety in tangible assets like gold. As the U.S. grapples with economic uncertainties, the question looms large: is the faith in the dollar waning?
The U.S. dollar has long been considered the world’s reserve currency, dominant in international trade and finance. However, its status is under scrutiny as countries around the globe explore alternatives. The vast debt levels in the U.S., increasing inflation rates, and fears of a recession are causing some analysts to rethink the dollar’s reliability.
As Lekstrom pointed out, this environment creates the potential for a “pump and dump” scenario, where the dollar’s apparent strength could be short-lived and misleading.
At the same time, a noteworthy phenomenon is unfolding: a global “gold arms race.” Nations are ramping up gold purchases as a means to diversify their reserves and hedge against inflation and currency fluctuations. Central banks and large investors are acquiring gold at an unprecedented pace, signaling a movement towards more tangible forms of wealth preservation. This trend reflects a growing distrust in fiat currencies like the dollar, as countries seek to safeguard their financial systems from the perceived volatility linked with reliance on a single currency.
China and Russia are two of the most notable players in this gold rush. Both countries have significantly increased their gold reserves in recent years, partly in response to mounting tensions with the U.S. and its allies. This shift illustrates a broader strategy of reducing dependency on the dollar and strengthening their financial independence.
The implications of a potential decline in the dollar’s value are profound. If the dollar continues to weaken, it could lead to heightened inflation within the U.S., as the cost of imports rises.
Additionally, a diminished dollar could trigger a reassessment of global trade relationships and the balance of economic power, facilitating a shift towards a multi-polar currency system.
Furthermore, the transition to alternative currencies, or the adoption of a gold-backed standard by some nations, could complicate the dollar’s dominance in international markets. In this new ecosystem, equities in gold will likely gain favor—shifting investment strategies and prompting increased interest in mining companies like NexGold Mining Corp., which stands to benefit from a burgeoning demand for gold.
The forecast for the U.S. dollar, as articulated by Morgan Lekstrom, illustrates a precarious chapter for American currency. With growing evidence of a global “gold arms race,” investors and policymakers alike must navigate a complex new financial landscape where the sustainability of the dollar is increasingly in question.
As nations fortify their gold reserves, the strategies that were once heavily reliant on the dollar may need to be reevaluated, signaling a potential end to an era of dollar supremacy.
In this evolving scenario, the prudent investor may find that reallocating resources towards gold and mining firms could serve as a safeguard against the impending volatility of a dollar that many are now beginning to view with reservation.
As history has shown, those who adapt to change can often thrive, even amidst uncertainty.
News, Rumors and Opinions Saturday 12-14-2024
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 Sat. 14 Dec. 2024
Compiled Sat. 14 Dec. 2024 12:01 am EST by Judy Byington
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(allegedly) long passed their HCL Law (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.
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 Sat. 14 Dec. 2024
Compiled Sat. 14 Dec. 2024 12:01 am EST by Judy Byington
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(allegedly) long passed their HCL Law (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.
Fri. 13 Dec. 2024 Wolverine: You know I am under NDA, so I cannot talk about specific platforms and I know you will respect the fact that I cannot speak of this. What I can tell is that we are ready! We are ready and Reno has been given the GREEN light. This is official from what I have been told. This is from a person at the redemption center. Things are ready to roll.
Looks like Bruce was right. It looks like either today or tomorrow for funds to be released. Everyone is so stressed right now as it appears things are definitely going to happen.
I have wonderful news I would like to share with all of you about Mauricio Castanio. He is one of the largest whales in the RV – his platform goes out to about 30 countries around the world to give aid to many people. He is purely Nesara/Gesara. He has just received the Humanitarian Award and for Peace on this Planet by the Government of Colombia.
I will post this in the Chosen One room for all to see. This was given to him by the President of Colombia for recognition of 20 + years’ work he has done to help humanity. It is a magnificent recognition for his achievement.
Nothing more I can to you right now. Just get ready. This IS IT. We are going to have a MERRY CHRISTMAS! The notifications should come out either today or tomorrow. I know all of you are sick of hearing tomorrow, and we pray it is today. The notification will be coming from a website. Please keep an eye on your emails. If you receive the notification first let us know so I can place that Website in the Chosen room so everyone can have access to that notification.
This will be very emotional for all of us. I also received intel from an Arabic person who happens to be a Christian preacher! He is a good friend of mine! He told me that Syria has revalued their currency ! This just came out and he has very good intel. I cannot tell you more.
Lots of people under lots of pressure to get this done. It could happen today. Some people say banks are closed on Saturday and Sunday, but it does not matter, it goes through the QFS and it can go any day, banks open or not. QFS is open 24/7. It can be done on any day.
It has been so difficult not getting enough sleep, I pray this finishes soon, so I can get cured, hear again, listen to music, and I also pray for all those suffering from health issues. As soon as I get that call, the notifications will come out, and the opera will come out. The YouTube video will be first. Carpathia will say something special, and I am sure will say something that will reach everyone’s heart and probably make us all cry, probably, and then the opera will come out. It will be live on the PPN Channel through Chas, who has been gracious to do this for us, as you cannot do this on the Telegram Channel.
Remember the Medbeds will be available ASAP after the redemption center appt, so ask for the phone number while you are there. REMIND them about the Medbeds! God bless you All. Have faith. I am not here to cause harm or create hopium as I am in the same situation as each of you. I am sure we will have a very good Christmas! …Morisha said it will come before Christmas and if it doesn’t come by Christmas, then it will be the 25th of Jan.
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Fri. 13 Dec. 2024 Wolverine Member: I just received a call from my X*X platform, informing me that my notification is currently in an emailing mode, with a time set for this Saturday 14th December 2024.
Thurs. 12 Dec. 2024 Bruce: We are hearing we will have an amazing weekend. Notification for Bond Holders and us in Tier4b will be on Sat. 14 Dec.
Thurs. 12 Dec. 2024 Militia Man: There’s 140 ambassadors already started arriving for a celebration in Basra Iraq. For what? A historic event inclusive, UNESCO, UNICEF, the World Bank, deputy ambassadors. Why would they all be there? For what? Because they’re going to showcase, for all the investors. What are they going to showcase? Iraq’s basically sounding like they’re going to open to the world. I don’t know about you but I’m really excited! I’ve been white knuckling it for a few days. Let’s watch what they do, let’s watch what they say.
Fri. 13 Dec. 2024 Ginger of Liberty Lounge: On Wed. 11 Dec. the Iraqi PM finished his work on the Iraqi Dinar and left to reconcile accounts with the King of Jordan – who is Trustee of the Iraqi Dinar. A new Iraqi Dinar rate has been used in-country for the last couple of days. On Thurs. 12 Dec. Reno was officially put on High Alert. I repeat, yes indeed, they are, in fact, on High Alert this very moment.
Fri. 13 Dec. 2024 Jentel: Iraq is 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 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.
The Vietnamese Dong: 5MinutesAgo VIETNAMESE DONG New Exchange Rates Latest Iraqi Dinar Updates
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Global Financial Crisis:
Fri. 13 Dec. 2024 Wells Fargo to Trim Oregon Workforce by 700 Due to Closures: https://www.opb.org/article/2024/12/04/wells-fargo-oregon-workforce-salem-hillsboro-portland-office-closures-layoffs/
Read full post here: https://dinarchronicles.com/2024/12/14/restored-republic-via-a-gcr-update-as-of-december-14-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 With our contacts with private banks in and outside of Iraq they're all telling us they are extremely busy. They're all telling us that they're getting ready for you [Iraqi citizens].
Militia Man There's still some people out there that just don't want Iraq to move forward because the status quo, the way it's going, they're making nothing but money by stealing money by the government... 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...
'Grand Reconciliation of Asset Prices' as Chaos Erupts with Michael Pento
WTFinance: 12-13-2024
On this episode of the WTFinance podcast I had the pleasure of welcoming back Michael Pento. Michael is the President & Founder of Pento Portfolio Strategies.
During this conversation we spoke about the current market outlook, why the market is dangerous, cutting government costs, is inflation an issue, asset bubbles, whether the middle class can be saved and more. I hope you enjoy!
0:00 - Introduction
0:59 - Market outlook
2:38 - Why is the market dangerous?
8:06 - How does the US get out of this?
9:43 - Cutting government costs?
11:36 - Inflation an issue?
20:28 - 3 Asset Bubbles
22:58 - Which sectors benefitting?
25:08 - Next stage
24:53 - Can the middle class be saved?
27:53 - One message to takeaway from conversation?
The Most Insolvent Bank In The History Of The World Is. …..
The Most Insolvent Bank In The History Of The World Is. …..
Notes From the Field By James Hickman (Simon Black) December 12, 2024
As the 1800s came to a close and the world propelled itself full of innovation and optimism into the 20th century, there was perhaps nowhere else on the planet more admired and envied (except for the United States) than Argentina.
In fact, just like America in the late 1800s and early 1900s, Argentina was overflowing with immigrants from all over the world looking for a better way of life in that land of opportunity.
The Most Insolvent Bank In The History Of The World Is. …..
Notes From the Field By James Hickman (Simon Black) December 12, 2024
As the 1800s came to a close and the world propelled itself full of innovation and optimism into the 20th century, there was perhaps nowhere else on the planet more admired and envied (except for the United States) than Argentina.
In fact, just like America in the late 1800s and early 1900s, Argentina was overflowing with immigrants from all over the world looking for a better way of life in that land of opportunity.
Argentina had already become a rich country at that point. And it was becoming richer so quickly that its economic growth was outpacing even that of the United States.
By 1900 Argentina’s economy was larger than the rest of Latin America combined, and roughly as large as all of Western Europe combined. It seemed like there was nowhere to go but up.
Plus the country was teeming with natural resources— everything from fresh water to some of the world’s most fertile soil, to vast oil and gas reserves. Argentina should have been unstoppable.
(This is still true today; Argentina still boasts one of the largest shale reserves in the world, having quadrupled its output over the last five years.)
You’d have to work really, really hard to screw up such wealth potential. And they did!
For much of the 20th century, Argentina slid into severe economic decay, and it remained that way for decades, mostly due to corrupt, excessive, outrageously irresponsible government spending and idiotic central planning.
Hyperinflation took hold, the banking system collapsed, and the economy has been in an extended depression.
Yet when the new chainsaw-wielding President Javier Milei took over last year, he pledged to change everything. And so far the results are pretty hard to argue with.
Earlier this week, Milei announced that Argentina has just posted a budget surplus— its FIRST surplus since those golden years in the early 1900s.
It’s not an accident. Milei has eliminated entire government departments, fired ministers, and dramatically reduced the size and scope of government.
In his announcement, Milei didn’t hold back, calling his predecessor a “fiscal degenerate” for ballooning the national debt and running massive deficits. These deficits, of course, were essentially funded by Argentina’s central bank, which printed all the money and created inflation.
Milei said that, just last year, his predecessor printed so much money that it was equal to roughly 13% of Argentina’s GDP.
Well, if printing 13% of GDP qualifies as fiscal degeneracy, then the Federal Reserve in the United States is guilty of the same thing— TWICE.
The first instance was in 2009, during the global financial crisis. Under then Chairman Ben Bernanke, the Federal Reserve created trillions of dollars of new money, roughly equivalent to 15% of GDP, to bail out the big Wall Street banks.
The second instance was during the pandemic in 2020 and 2021, when the Fed printed roughly 14% of GDP.
This reckless money printing not only engineered historic inflation in the US, but it also has created enormous problems for the Federal Reserve itself.
The Fed is now wildly and hopelessly insolvent. And that’s not some wild conspiracy theory; it is a fact straight from its own financial statements.
Here’s how it happened:
Going back to 2008, and most significantly during the 2020-2021 pandemic, the Fed created trillions of dollars, then used that money to buy government bonds. They concurrently slashed interest rates to zero.
The net result was that the Fed is now holding trillions of dollars worth of bonds at the lowest yields in recorded history.
But then they suddenly reversed course in 2022, hiking rates rapidly from 0% to more than 5%.
Well, if there’s one thing to understand about bonds, it’s that higher rates cause bond prices to fall. So when the Fed raised rates, they simultaneously caused the value of their bond portfolio to plummet.
And “plummet” is being rather polite.
As it stands today, the Fed faces $818.4 billion in net unrealized losses from all the bonds that it purchased during the pandemic— far exceeding the mere $44 billion it has in equity capital.
Literally according to its own financial statements, the Federal Reserve is totally insolvent. In fact, at nearly $1 trillion, the Fed is the most insolvent bank in the history of the world.
Talk about fiscal degenerates.
Now, the Fed has only a few options:
One, ignore the problem. Continue to pretend that the insolvency of the largest and most systemically important central bank on the planet is no big deal.
Two, request a bailout: Go to the Treasury with hat in hand.
The problem is, the Treasury doesn’t have any money; in fact, the US government already overspends by $2 trillion per year and has to borrow most of that money from the Fed.
So a bailout would first require the Fed to print money, loan that money to the Treasury, and the Treasury then gives it back to the Fed. Talk about bizarre.
The third option is to cut interest rates. Lower rates mean that its bond portfolio will increase in value, thus reducing the Fed’s near trillion-dollar insolvency.
But cutting rates would only invite more inflation.
Inflation is already creeping back. Just yesterday, the latest report showed an increase in the inflation rate with signs it will rise further. Yet the Fed has all but promised to cut rates again next week.
What’s clear is that the Fed is abandoning its responsibility to rein in inflation and maintain a sound currency. Instead, it’s inflating its way out of insolvency.
The result? Every single person who uses US dollars will end up bailing out the Federal Reserve through higher inflation.
And this is why we continue to maintain that real assets— which are an excellent inflation hedge— make so much sense, especially given that so many high quality real asset producers are selling at laughably low valuations.
To your freedom,
James Hickman Co-Founder, Schiff Sovereign LLC
PS: Just a reminder, this week we have opened up Total Access, our highest tier membership. We intentionally keep the membership closed for most of the year, to limit the group to a small, tight-knit community.
If you want to learn more about what Total Access offers, including the unparalleled camaraderie of fellow members, click here.
Seeds of Wisdom RV and Economic Updates Saturday Morning 12-14-24
Good Morning Dinar Recaps,
BRICS NEWS: CALLS TO MOVE AWAY FROM THE US DOLLAR IS GROWING
A handful of developing countries are inspired by the BRICS alliance to ditch the US dollar for cross-border transactions. Emerging economies are taking cues from the bloc to de-dollarize their economies and make local currencies the sole beneficiary for payments. The calls to cut ties with the US dollar are growing and the White House is unable to clamp it down.
Good Morning Dinar Recaps,
BRICS NEWS: CALLS TO MOVE AWAY FROM THE US DOLLAR IS GROWING
A handful of developing countries are inspired by the BRICS alliance to ditch the US dollar for cross-border transactions. Emerging economies are taking cues from the bloc to de-dollarize their economies and make local currencies the sole beneficiary for payments. The calls to cut ties with the US dollar are growing and the White House is unable to clamp it down.
BRICS members China, Russia, and Iran are advancing the de-dollarization initiative by pushing local currencies ahead for trade. The move is adding pressure on the greenback’s prospects as it could lose out on the demand and supply dynamics. They are also diversifying their central bank reserves by adding gold and other currencies and commodities.
BRICS Advancing To End US Dollar’s Supremacy
The central banks of BRICS and other developing countries are diversifying their reserves giving the US dollar a run for their money. “By diversifying their holdings reserves into a more multi-currency sort of portfolio. Perhaps they can reduce that pressure on their external sectors,” said Cedric Chehab from Fitch Solutions to CNBC.
As BRICS member China’s influence is growing, it is also setting the stage for the de-dollarization agenda to grow rapidly. “As China’s economic might continues to rise, that means that it’ll exert more influence in global financial institutions and trade,” he said. Another benefit for countries moving away from the US dollar as the middleman in bilateral trade
BRICS countries could benefit if they trade in local currencies as it’ll help them move up the value chain. Trading in local currencies “allows exporters and importers to balance risks, have more options to invest, to have more certainty about the revenues and sales,” said former Brazilian ambassador to China, Marcos Caramuru.
@ Newshounds News™
Source: Watcher Guru
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JAPAN’S LAWMAKER PROPOSES NATIONAL BITCOIN RESERVE
▪️Japanese lawmaker proposes a national Bitcoin reserve.
▪️States can effortlessly create reserves for Bitcoin.
▪️MicroStrategy holds a significant portion of the BTC supply.
Name similarity becomes intriguing in this development. Recently, a Japanese lawmaker presented a new proposal. As you may recall, several months ago, statements emerged from the Trump camp, led by Lummis, advocating for the U.S. government to establish a Bitcoin reserve. This proposal even evolved into a legislative bill.
Satoshi and the Bitcoin Reserve Idea
Trump appointed someone to organize cryptocurrency efforts at the White House before taking office in January. This individual will also work to realize the Bitcoin reserve concept. Today, Japanese parliament member Satoshi Hamada has taken steps to create a national Bitcoin reserve.
Satoshi Hamada, sharing a name with Satoshi Nakamoto, believes that his country should establish its strategic Bitcoin reserve before the U.S. implements this idea. Recently, Russian President Putin mentioned that Bitcoin would not be obstructed.
National Bitcoin Reserve
States can easily create reserves for Bitcoin and other cryptocurrencies with minimal effort. The fact that even Federal Reserve members, including the President, view Bitcoin as an “asset competing with gold” explains our current situation well. Governments already possess vast gold reserves and can similarly create reserves for Bitcoin, often referred to as “digital gold.”
MicroStrategy, MARA, RIOT, BlackRock, and thousands of companies have begun to hold BTC in their reserves. The world’s largest asset manager, BlackRock, has thousands of ETF customers indirectly holding BTC through its IBIT BTC ETF product.
Every week, we read news about institutions purchasing billions of dollars in BTC. Many companies are adding Bitcoin to their reserves to improve stock performance and increase share prices, with MicroStrategy being the most advanced player in this regard. It has grown significantly, with a strong likelihood of being added to the NASDAQ100 in March.
MSTR alone holds approximately 2% of the BTC supply. The total BTC held by ETF issuers, governments, private and public companies, BTC miners, and DeFi platforms is valued at $292 billion, representing 13.81% of the BTC supply.
@ Newshounds News™
Source: Coin-Turk
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CONSTITUTION CALL AUDIO 12 13 2024 | Youtube
Did you miss the call last night? You can listen to the call at our Youtube Channel at the link above.
Ask questions in The Constitution Intel history and more Room Link
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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