“Tidbits From TNT”
TNT:
Tishwash: The Parliamentary Legal Committee reveals to (Al-Mada) the date for resuming Parliament sessions.. This is the most important thing that will be passed
The Parliamentary Legal Committee set, on Saturday, the date for resuming the sessions of the House of Representatives, while revealing the most prominent laws that will be passed during the current session.
Committee member Raed Al-Maliki said in an interview with (Al-Mada), "Parliament sessions will resume on January 9, 2025, which is the first chapter of the fourth year of the current session of the Council."
TNT:
Tishwash: The Parliamentary Legal Committee reveals to (Al-Mada) the date for resuming Parliament sessions.. This is the most important thing that will be passed
The Parliamentary Legal Committee set, on Saturday, the date for resuming the sessions of the House of Representatives, while revealing the most prominent laws that will be passed during the current session.
Committee member Raed Al-Maliki said in an interview with (Al-Mada), "Parliament sessions will resume on January 9, 2025, which is the first chapter of the fourth year of the current session of the Council."
He added, "Parliament will proceed with the legislation of a number of laws, most notably amending the Drug Law, the Intelligence Service Law, the laws regulating the right to demonstrate, the Iraqi Media Network, amending the amnesty and personal status laws, and other laws."
These developments come at a time when the Iraqi parliament is witnessing repeated disputes over controversial laws, such as personal status, general amnesty, land recovery, oil and gas, which has led to the postponement of sessions or the disruption of the passage of laws on more than one occasion.
Parliament is currently seeking to avoid political tensions and ensure the passage of laws in a manner that serves the stability of legislative work.
The Speaker of the House of Representatives, Mahmoud Al-Mashhadani, confirmed after his election to the position that the controversial laws will be put to a unanimous vote, away from political bickering that may hinder the progress of legislative work. link
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Tishwash: Masrour Barzani discusses regional developments with Trump's national security nominee
The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, discussed, in a phone call today, Saturday, with Congressman Michael Waltz, who was recently chosen by US President-elect Donald Trump as an advisor to the National Security Council, a number of important issues.
A statement by the regional government received by Shafaq News Agency stated that during the phone call, the two sides discussed the latest developments in Iraq, the Kurdistan Region and the region in general, and stressed the importance of strengthening bilateral relations and joint work to maintain security and stability in the region.
The Prime Minister congratulated the Congressman on his selection as an advisor to the National Security Council, praising his extensive experience in security files and issues related to the region.
The two sides also exchanged views on the results of the recent elections in the Kurdistan Region and the United States, and stressed the importance of democratic change and enhancing joint international cooperation and coordination in this context.
Part of the talks was devoted to discussing the pivotal role of the Kurdistan Region as a reliable partner in the region, as well as its commitment to shared values and goals that promote peace and security. Both sides agreed on the need to intensify joint efforts to overcome challenges and obstacles, in order to ensure the continuation of stability in the region. link
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Tishwash: Fluctuating Dinar: economic experts urge action as dollar soars in Iraq
Iraq’s dinar continues its erratic trajectory against the US dollar, with no resolution in sight despite years of governmental and central bank efforts, experts attributed the instability to weak policies and unchecked market manipulation.
Root Causes of Volatility
The dollar is surging against the dinar at Baghdad’s main currency exchanges, Al-Kifah and Al-Harithiya, surpassing 1,510 dinars per $1. On the streets, exchange shops are marking up selling prices to more than 1,520 dinars.
“The instability in dollar prices reflects the Iraqi Central Bank and government’s inadequate monetary policies, which fail to address the core of the issue,” said Mustafa Faraj, an economic expert. “Their hesitant measures have left them unable to control the dollar’s value.”
Faraj cited US sanctions on neighboring Syria and Iran as a major factor. “The lack of legitimate trade channels with these countries, combined with restrictions on dollar transfers to them, has led to dollar smuggling, driving up its price,” he told Shafaq News Agency.
“When the dollar rises, it pushes up the cost of basic goods, food, and even commercial activity. This cascade of price hikes stems from a failure to find comprehensive solutions and punish manipulators,” Faraj explained.
Emerging Pressures
New dynamics have exacerbated the crisis. Ahmed Eid, an economic researcher, linked heightened demand for dollars to the fallout from the conflict in Syria. “The shift in Syria has disrupted the interests of militia leaders and influential figures, many of whom are now stockpiling dollars to secure alternative income streams,” he said.
Eid pointed to the closure of Syria’s border with Iraq as a catalyst, forcing traders to seek new suppliers in countries like Turkiye and Egypt. “This transition requires substantial dollar liquidity, which further squeezes the market,” he said.
Currency smuggling and money laundering also continue to erode market stability. “These illicit activities persist unchecked, compounding the dollar’s rise,” Eid warned.
Future Uncertainty Amid Policy Shifts
Concerns are mounting about the impact of Iraq’s planned phase-out of its electronic transfer platform for dollar transactions. Introduced in early 2023, the platform was designed to monitor transfers more effectively. However, the Iraqi Central Bank announced in September that it would be discontinued by year-end.
“The Central Bank’s plan to shift dollar transactions exclusively to foreign banks with correspondent relationships is a blow to local banks,” said economist Ahmed Abdul Rabih. “Four dominant banks will monopolize the sector, sidelining smaller institutions and creating a bottleneck for dollar supply.”
“These banks will dictate the exchange rate, likely driving up prices. The Central Bank must advocate for local banks to establish accounts with international institutions like J.P. Morgan and Citibank,” Abdul Rabih urged.
Reassurances from the Central Bank
In response to public concerns, the Iraqi Central Bank has downplayed fears of major disruptions.
In a statement, it described the transition as part of a phased strategy to align with international standards, emphasizing that 95% of transfers had already shifted from the platform to direct banking relationships.
“The transition will be completed gradually, ensuring continuity,” the bank stated, adding that partnerships with foreign banks in China, India, Turkiye, and the UAE would facilitate trade using non-dollar currencies, such as the yuan and euro.
Thirteen Iraqi banks have already begun operations under the new framework, offering pre-approved transfers and enabling global payment systems for personal and commercial needs, the statement said. These steps aim to “stabilize the currency and curb inflation, reinforcing official exchange rates as the benchmark for legitimate economic activities.”
“The official rate reflects real market dynamics,” the Central Bank stressed, warning against unofficial rates driven by “those engaging in unauthorized practices.”
The bank emphasized that it has structured external transfer operations and the fulfillment of dollar demand along proper channels, aligned with international practices, standards, and the Anti-Money Laundering and Counter-Terrorism Financing Law.
"Providing these channels for all purposes at the official dollar exchange rate makes this rate the true benchmark for economic practices, as evidenced by price stability and inflation control. Any other rate traded outside these channels is considered irregular and utilized by those engaging in non-compliant or illicit practices who avoid official channels in their dealings. These individuals bear the additional costs of purchasing at higher rates than the official price to create the illusion of a disparity between the official and unofficial rates." The statement concluded.
Despite reassurances, skepticism lingers among economic experts, who argue that without stricter enforcement and comprehensive reforms, the dinar’s fluctuations will persist. For many Iraqis, the cost of living remains tightly bound to the fate of the dollar. link
Mot: Marital Moments at Christmas!!!
More News, Rumors and Opinions Saturday PM 12-21-2024
Ariel : The Start of “the Storm” Officially Starts with Iraq
Sat: Dec 21, 2024
I can not stress this enough. Once Iraq reinstates their currency on the Forex market everything is going to speed up. Things are already in a blitz formation. Once the ball snaps there will be no slowing down until the desired destination is reached. Everything. Everywhere. All at once.
The start of “The Storm” in my opinion officially starts with Iraq.
Ariel : The Start of “the Storm” Officially Starts with Iraq
Sat: Dec 21, 2024
I can not stress this enough. Once Iraq reinstates their currency on the Forex market everything is going to speed up. Things are already in a blitz formation. Once the ball snaps there will be no slowing down until the desired destination is reached. Everything. Everywhere. All at once.
The start of “The Storm” in my opinion officially starts with Iraq.
CryptoGeek: BREAKING: Donald Trump signs a deal to integrate $68 billion worth of $XRP into the Federal Reserve and Treasury!
Not sure how accurate this news is. But I will say this in general If this turns out to be true. If XRP becomes a recognized reserve asset or part of international transactions, its liquidity will increase.
This should benefit the Iraqi Dinar, which is paired with XRP, by providing it with a more stable and liquid environment for trading.
We all know Iraq will also use their gold reserves to help stabilize the IQD as well.
This could lead to a more predictable exchange rate for the IQD in international markets, potentially reducing volatility and enhancing investor confidence.
Which was always the goal. Of course RLUSD will play a role in this given that it is a Stable Coin.
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KTFA
Clare: Parliamentary Committee confirms return of movement regarding preparation of draft oil and gas law
12/21/2024 Information / Special..
Member of the Oil and Gas Committee, MP Basem Al-Gharibawi, confirmed on Saturday that there is a desire among the political forces to legislate the oil and gas law in the near future, through the return of the joint committees to work in order to Prepare a unified draft of the proposed law, with an invitation extended to host the federal oil minister and the regional minister of natural resources together within the committee.
Al-Gharibawi said in a statement to Al-Maalouma Agency, “The legislation of the oil and gas law is of utmost importance on the political and economic levels and is considered one of the basic laws and regulates the relationship with the center and the region Its legislation has become an urgent and pressing necessity despite its introduction since 2007.”
He added that "the main obstacle facing the legislators of the law is the paragraph on the tasks of the Federal Council and the powers of the region within the council," noting that "there is a desire among the political forces to legislate the oil and gas law in the near future through the return of the joint committees to work in order to prepare a unified draft of the proposed law, with an invitation extended to host the federal oil minister and the minister of natural resources in the region together within the committee "
It is noteworthy that the committees specialized in drafting the oil and gas law include the federal oil minister, the regional minister of natural resources, the general manager of SOMO, and senior staff in the Ministry of Oil, in addition to the oil-producing provinces. Such as Basra, Dhi Qar, Maysan, and Kirkuk. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
CBI is talking about expansion of money transfers to local new currencies...Mr. Sammy says it's the Jordanian dinar and the Saudi riyal and the Turkey currency and the Chinese yuan. FRANK: None of these countries have ever dealt with Iraq the way they are now because of the program rate. To me it proves we have a new rate or they wouldn't lift a finger to help Iraq.
Nader From The Mid East The thing I saw and made me very happy...When you see the Saudis coming with their money, now we can trade their monies, the UAE and all the Middle East countries, almost. Turkey, Saudis, Kuwait, Qatar. Now we can exchange our dinars with their dinars, durham, riyal, with anything like that. That's very big guys cuz the dollar...yuan Chinese, the euro is already there. Now we have all continental of Europe...Middle East...United States and now it's missing a little bit of Africa and we're done. Other ones like Canada does whatever the United States do. Australia same thing. That made me very happy. That mean soon we'll be in every bank in United States. It will be tradable. If it's tradable it's going to gain a lot of values and quick.
'Mini Depression' Coming: What Happens To Stocks, Bitcoin When Economy Tanks | Chris Vermeulen
David Lin: 12-21-2024
Chris Vermeulen, Chief Market Strategist of The Technical Traders (https://thetechnicaltraders.com/david..., gives his outlook for broad stock markets, Bitcoin, energy stocks, USD, and CAD for 2025.
0:00 - Market recap
0:50 - Bitcoin
11:50 - Stock market outlook
20:33 - Dow Jones’ losing streak
22:48 - Energy stocks
27:38 - 35%-55% pull back in S&P 500
30:20 - USD
33:25 - Gold
35:00 - CAD
37:33 - Peak maximum risk
Seeds of Wisdom RV and Economic Updates Saturday Afternoon 12-21-24
Good Afternoon Dinar Recaps,
NOT BRICS, THIS COUNTRY POSES BIGGEST THREAT TO THE US DOLLAR
The BRICS alliance aims to pull the US dollar down from the global reserve currency and trample its dominance. Despite multiple efforts to uproot the USD, the bloc remains unsuccessful in attempts to de-dollarize.
The greenback remains the dominant currency and a force to reckon with in the forex markets. Around 58% of the world’s reserves are in the USD, and cutting ties with the currency will prove fatal to the prospects of emerging economies.
Good Afternoon Dinar Recaps,
NOT BRICS, THIS COUNTRY POSES BIGGEST THREAT TO THE US DOLLAR
The BRICS alliance aims to pull the US dollar down from the global reserve currency and trample its dominance. Despite multiple efforts to uproot the USD, the bloc remains unsuccessful in attempts to de-dollarize.
The greenback remains the dominant currency and a force to reckon with in the forex markets. Around 58% of the world’s reserves are in the USD, and cutting ties with the currency will prove fatal to the prospects of emerging economies.
The US pressing sanctions on countries of their dislike is what led to the de-dollarization process in the first place. Countries such as Russia, Iran, and Belarus, among others, have been severely impacted by sanctions pressed by the US.
On the other hand, BRICS member China has teamed up with these nations to further the de-dollarization agenda. China is looking to capture the global economy by pushing the Chinese yuan ahead for trade and not the US dollar.
BRICS: US Biggest Threat to the Dollar
A recent Bloomberg opinion report states that the biggest threat to the dollar is not BRICS but the US itself. The report explains that Trump’s threats won’t do much as the USD’s power is mostly dependent on American reliability.
America’s larger-than-life GDP made it gain an “exorbitant privilege” to control the reserves of the world’s central banks. The development made the Federal Reserve, US officials, and politicians tolerate deficits that could have tanked the economies of any other country.
Therefore, the US poses the biggest threat to the dollar compared to BRICS or any other alliances of developing countries. “If Trump wants to maintain the dollar’s primacy, he should recognize that its value is not dependent on American power and threats, but on American reliability.
Overreach — whether through ad hoc sanctions, meddling with the Federal Reserve, unilateral tariffs or geopolitical confrontations — poses a far greater threat to the US currency than anything the BRICS countries could possibly devise,” it read.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
HEDERA (HBAR) GAINS INSTITUTIONAL TRACTION WITH STRONG BACKING FROM TECH GIANTS AND FINANCIAL SECTORS
▪️Hedera’s key partnerships with NVIDIA and Intel aim to leverage its technology for creating “Verifiable Compute,” a hardware-based solution.
▪️Valour Digital Securities Limited (VDSL) and The Hashgraph Group (THG) have introduced the first physically-backed Hedera HBAR Exchange-Traded Product (ETP) on Euronext Amsterdam.
Hedera (HBAR) finds its standing in a majorly leading light as it associates with the traditional finance setting, the enterprise technology sectors, and artificial intelligence. This could potentially lay the groundwork for the network growth curve this year, 2025.
European Markets Register First Physically-Backed Hedera ETP
Valour Digital Securities Limited (VDSL), in partnership with The Hashgraph Group (THG), has launched the first physically-backed Hedera HBAR Exchange-Traded Product (ETP) on Euronext Amsterdam. This is a landmark step toward making HBAR accessible to institutional and retail investors through regulated financial channels.
The product is launched under the prospectus of VDSL, allowing investors to approach HBAR in a depository-regulated manner without facing exposure to direct cryptocurrency investment. Olivier Roussy Newton, CEO of DeFi Technologies, which owns Valour, further adds that “this listing expands the scope for institutional and retail investors to engage with Hedera’s dynamic, sustainable ecosystem.”
NVIDIA and Intel are going to utilize the hashgraph technology offered by Hedera to produce their chips. Along with EQTY Lab, the new “Verifiable Compute” has been born, a hardware-based solution made to meet EU regulations surrounding AI operations, per the CNF report.
This will log the decentralized cryptographic certificates verifying the computations the AI does on the said network, hence accurate and accountable. Slated for 2025 release, this will be providing impenetrable records on AI processes.
What’s Next For HBAR Price?
Santiment has ranked Hedera among the top three cryptocurrencies in terms of activity over the past month, along with Internet Computer and Chainlink. Eric Balchunas and James Seyffart of Bloomberg highlighted that Hedera may lead the list to secure U.S. ETF approval, putting it at the same level as Bitcoin and Ethereum, reported CNF.
One benefit is that the native Hedera token, HBAR, was not classified as a security. In that regard, it stands at an advantage over some others, such as XRP or Solana, in their pursuit through regulatory processes.
Although the main focus remains on combined Bitcoin and Ethereum ETFs, Canary Capital has emerged as the sole applicant for a Hedera ETF. This signals early interest in bringing HBAR into mainstream investment portfolios.
At press time, HBAR price stood at $0.2638, down 10.26% in the last 24 hours. However, the token has gained 113% over the last 30 days and 411% over the last 90 days. Hedera’s critical support level is $0.270. Moreover, it is now eyeing breaking the resistance level of $0.31.
The HBAR price chart highlights a symmetric triangle on the 4-hour timeframe. Thus, Market forecasts suggest that HBAR may target $0.37 and $0.61, with projections hinting at a potential surge to $1.00. Analysts attribute these price targets to:
• Growing institutional interest
• Prospects of ETF approval
• Collaboration with prominent tech firms
• Sustained development activity
• Hedera Receives Recognition for Tokenization Innovation
Moreover, the list of Hedera’s achievements is growing, with analysts predicting the HBAR price rally to $3 by 2025, reported CNF. The team announced on X that its Asset Tokenization Studio has been nominated for the INATBA Awards 2025 in the “Most Exciting Tokenization Solution” category.
@ Newshounds News™
Source: Crypto News Flash
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ISAAC'S LEADERSHIP UNLEASHES FINANCIAL FREEDOM | Youtube
Relax and wait for Isaac to post "VICTORY"!
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
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“Tidbits From TNT” Saturday 12-21-2024
TNT:
Tishwash: The region .. great efforts to attract investment companies
The Kurdistan Region Investment Board seeks to increase the number of local and foreign investors to work in the provinces and cities of the region, by providing full facilities to motivate and encourage them to increase the volume of investment.
Private sector growth
The head of the Kurdistan Region Investment Board, Mohammed Shukri, said in an interview with “Sabah”: The board, through its eight directorates spread across the provinces and independent administrations in the region, is seriously and diligently seeking to provide full facilities to investors and increase the volume of investments and the number of local, Arab and foreign investors and increase the work of projects by the private sector in the region, indicating that the regional government has invested more than 68 billion dollars, of which Erbil’s share amounted to more than 61 percent.
TNT:
Tishwash: The region .. great efforts to attract investment companies
The Kurdistan Region Investment Board seeks to increase the number of local and foreign investors to work in the provinces and cities of the region, by providing full facilities to motivate and encourage them to increase the volume of investment.
Private sector growth
The head of the Kurdistan Region Investment Board, Mohammed Shukri, said in an interview with “Sabah”: The board, through its eight directorates spread across the provinces and independent administrations in the region, is seriously and diligently seeking to provide full facilities to investors and increase the volume of investments and the number of local, Arab and foreign investors and increase the work of projects by the private sector in the region, indicating that the regional government has invested more than 68 billion dollars, of which Erbil’s share amounted to more than 61 percent.
Statistics and figures
Shukri added that since the establishment of the Investment Board in the region, more than 1,400 investment licenses have been granted, some of which were cancelled due to shortcomings in the work of their investors, while work continued with more than 1,250 investment licenses, noting that during the past five years, approximately 430 new investment licenses have been issued.
He pointed out that significant progress and qualitative steps have been made in the comprehensive investment process in establishing a strong economic infrastructure despite the crises and obstacles that have plagued the country and the region in general, stressing that intensive efforts are continuing to encourage investors according to the needs of the regions and the importance of the projects. Encouraging
investors
Shukri stated that the regional government seeks to facilitate the procedures for attracting investors, as eight branches of the authority have been opened in the governorates and independent administrations of the region and have full powers to grant investment licenses to investors, considering it a basic and primary step to provide facilities according to the city, region, geographical location and sector that needs investment and work in it.
Government privileges
The head of the Kurdistan Investment Board pointed out that the regional government has given great privileges to investors, including a 10-year tax exemption through the investment law, to which additional years are added if the investor is a foreigner or a partner of a local investor, as well as providing privileges and facilities to the less developed areas in the region according to the decision of the regional council of ministers, noting that the challenges facing investors, including local ones, are great, and we consider them a wealth for the region, as they have contributed with the support of the government to many large and pioneering projects, overcoming obstacles and impediments, and moving forward in various sectors, including agriculture, industry, tourism, trade, housing, services, education, health, and others.
The qualifications of the region,
and he pointed out that the Kurdistan Region encourages and provides facilities to investors more than other countries in the region through a package of privileges and incentives included in the Investment Law No. 4 of 2006 in the region, in addition to other facilities provided by the Supreme Investment Council, including the favorable conditions that the Kurdistan Region enjoys for foreign investors, such as political stability, cultural pluralism, democracy and security, stressing that these conditions make the Kurdistan Region more attractive to investors among many countries in the region. link
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Tishwash: Fluctuating Dinar: economic experts urge action as dollar soars in Iraq
Iraq’s dinar continues its erratic trajectory against the US dollar, with no resolution in sight despite years of governmental and central bank efforts, experts attributed the instability to weak policies and unchecked market manipulation.
Root Causes of Volatility
The dollar is surging against the dinar at Baghdad’s main currency exchanges, Al-Kifah and Al-Harithiya, surpassing 1,510 dinars per $1. On the streets, exchange shops are marking up selling prices to more than 1,520 dinars.
“The instability in dollar prices reflects the Iraqi Central Bank and government’s inadequate monetary policies, which fail to address the core of the issue,” said Mustafa Faraj, an economic expert. “Their hesitant measures have left them unable to control the dollar’s value.”
Faraj cited US sanctions on neighboring Syria and Iran as a major factor. “The lack of legitimate trade channels with these countries, combined with restrictions on dollar transfers to them, has led to dollar smuggling, driving up its price,” he told Shafaq News Agency.
“When the dollar rises, it pushes up the cost of basic goods, food, and even commercial activity. This cascade of price hikes stems from a failure to find comprehensive solutions and punish manipulators,” Faraj explained.
Emerging Pressures
New dynamics have exacerbated the crisis. Ahmed Eid, an economic researcher, linked heightened demand for dollars to the fallout from the conflict in Syria. “The shift in Syria has disrupted the interests of militia leaders and influential figures, many of whom are now stockpiling dollars to secure alternative income streams,” he said.
Eid pointed to the closure of Syria’s border with Iraq as a catalyst, forcing traders to seek new suppliers in countries like Turkiye and Egypt. “This transition requires substantial dollar liquidity, which further squeezes the market,” he said.
Currency smuggling and money laundering also continue to erode market stability. “These illicit activities persist unchecked, compounding the dollar’s rise,” Eid warned.
Future Uncertainty Amid Policy Shifts
Concerns are mounting about the impact of Iraq’s planned phase-out of its electronic transfer platform for dollar transactions. Introduced in early 2023, the platform was designed to monitor transfers more effectively. However, the Iraqi Central Bank announced in September that it would be discontinued by year-end.
“The Central Bank’s plan to shift dollar transactions exclusively to foreign banks with correspondent relationships is a blow to local banks,” said economist Ahmed Abdul Rabih. “Four dominant banks will monopolize the sector, sidelining smaller institutions and creating a bottleneck for dollar supply.”
“These banks will dictate the exchange rate, likely driving up prices. The Central Bank must advocate for local banks to establish accounts with international institutions like J.P. Morgan and Citibank,” Abdul Rabih urged.
Reassurances from the Central Bank
In response to public concerns, the Iraqi Central Bank has downplayed fears of major disruptions.
In a statement, it described the transition as part of a phased strategy to align with international standards, emphasizing that 95% of transfers had already shifted from the platform to direct banking relationships.
“The transition will be completed gradually, ensuring continuity,” the bank stated, adding that partnerships with foreign banks in China, India, Turkiye, and the UAE would facilitate trade using non-dollar currencies, such as the yuan and euro.
Thirteen Iraqi banks have already begun operations under the new framework, offering pre-approved transfers and enabling global payment systems for personal and commercial needs, the statement said. These steps aim to “stabilize the currency and curb inflation, reinforcing official exchange rates as the benchmark for legitimate economic activities.”
“The official rate reflects real market dynamics,” the Central Bank stressed, warning against unofficial rates driven by “those engaging in unauthorized practices.”
The bank emphasized that it has structured external transfer operations and the fulfillment of dollar demand along proper channels, aligned with international practices, standards, and the Anti-Money Laundering and Counter-Terrorism Financing Law.
"Providing these channels for all purposes at the official dollar exchange rate makes this rate the true benchmark for economic practices, as evidenced by price stability and inflation control. Any other rate traded outside these channels is considered irregular and utilized by those engaging in non-compliant or illicit practices who avoid official channels in their dealings. These individuals bear the additional costs of purchasing at higher rates than the official price to create the illusion of a disparity between the official and unofficial rates." The statement concluded.
Despite reassurances, skepticism lingers among economic experts, who argue that without stricter enforcement and comprehensive reforms, the dinar’s fluctuations will persist. For many Iraqis, the cost of living remains tightly bound to the fate of the dollar. link
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Tishwash: Three senior US officials arrive in Damascus to meet with leaders of the new administration in Syria
The US State Department announced today, Friday, that US diplomats have arrived in Syria to meet with the new Syrian administration, in the first official US diplomatic mission sent to Damascus since the beginning of the revolution that erupted in 2011.
The United States had closed its embassy in Syria in 2012, and withdrew all its diplomatic staff, against the backdrop of the events that the country witnessed at that time.
According to the US State Department spokesman, the US diplomats will meet with representatives of "Hay'at Tahrir al-Sham" and civil society to discuss "their vision for the future of their country and how the United States can support them."
He pointed out that the delegation includes Assistant Secretary of State for Near Eastern Affairs Barbara Leaf, and a diplomat specializing in the Arab world, Daniel Rubinstein, who is now responsible for communicating with Syria.
Roger Carstens, who is responsible for collecting evidence regarding missing Americans in Syria, such as journalist Austin Tice, who was kidnapped in August 2012, will also be present.
The visit comes at a time when Western governments are gradually opening channels of communication with Hay'at Tahrir al-Sham and its official Ahmed al-Sharaa, and discussing the possibility of removing the organization from the list of terrorist organizations.
Before the United States, France, Germany, the United Kingdom and the United Nations sent envoys to establish relations with the transitional authorities, whose first phase of governance is being watched with caution.
Earlier, US Secretary of State Anthony Blinken stated that Washington is following the positive statements issued by Hayat Tahrir al-Sham and wants to see concrete steps as well.
He said in a statement to the American Bloomberg News that removing the name of the organization from the "terrorist list" could be put on the agenda, based on the constructive steps it will take during the transitional process in Syria.
He added: "We heard positive statements from the leader of the organization, Mr. Abu Muhammad al-Julani, but what everyone is focusing on is the reality on the ground, and whether they are working to build an inclusive Syria." link
Mot.. Time to Bring them Out It Is!!!
Mot: .. I'll Tell Ya - Its Getting Tough Out there!!!!
Seeds of Wisdom RV and Economic Updates Saturday Morning 12-21-24
Good Morning Dinar Recaps,
SEC APPROVES FIRST-EVER BITCOIN & ETHEREUM COMBO ETFS
▪️These new ETFs are unique because they combine Bitcoin and Ethereum, offering investors diversified exposure to the two largest cryptos.
▪️By simplifying the investment process and reducing the perceived risks, these ETFs aim to make crypto investing more accessible.
▪️The SEC's approval of these ETFs signifies a significant step forward for the crypto industry.
Good Morning Dinar Recaps,
SEC APPROVES FIRST-EVER BITCOIN & ETHEREUM COMBO ETFS
▪️These new ETFs are unique because they combine Bitcoin and Ethereum, offering investors diversified exposure to the two largest cryptos.
▪️By simplifying the investment process and reducing the perceived risks, these ETFs aim to make crypto investing more accessible.
▪️The SEC's approval of these ETFs signifies a significant step forward for the crypto industry.
The U.S. Securities and Exchange Commission (SEC) has just made a groundbreaking move in the crypto world. It has approved two new exchange-traded funds (ETFs)—the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF—and they are unlike anything we’ve seen before.
These ETFs combine the power of both Bitcoin and Ethereum into a single investment, making it easier for everyday investors to tap into the world of digital currencies.
But what makes these ETFs so special, and why is the SEC’s approval a big deal? Let’s understand.
What Makes These ETFs Different?
While crypto ETFs are already on the market, these two stand out. Instead of focusing just on Bitcoin or Ethereum, they mix both. The share of each cryptocurrency is based on its market value, giving investors a balanced exposure to both.
Why is this important? Putting all your money into one cryptocurrency can feel risky, especially with how volatile the market can be. By holding both Bitcoin and Ethereum, these ETFs help spread out the risk and let investors take advantage of the strengths of each cryptocurrency.
A Simpler Way to Get Into Crypto
For many, buying Bitcoin or Ethereum directly can be intimidating. These ETFs make it easier by taking away the need to manage wallets or store digital assets on your own. This makes crypto investments more accessible, particularly for people who are new to the space or don’t want the hassle of managing their own assets.
A Major Milestone for Crypto Regulation
The SEC’s approval of these ETFs is a big moment, not only for the crypto industry but for regulators too. It shows that the SEC is taking the market more seriously and is open to more crypto-based financial products.
So, why were these ETFs approved? A key reason is the strong connection between Bitcoin and Ethereum futures and their spot prices. This link helps keep prices stable and reduces the chances of market manipulation, which is important for investors looking for safer options.
Setting Strict Standards for Investors
Both funds have agreements with the Chicago Mercantile Exchange (CME) to closely track trading activity, ensuring everything stays above board. The SEC’s approval shows that these ETFs meet high standards for security and transparency, giving investors more confidence.
What’s Next for Crypto ETFs?
The approval of these ETFs could open the door to even more creative investment options in the future. By combining Bitcoin and Ethereum, these ETFs offer a streamlined way to enter the crypto market. They take away the complexities of buying, storing, and managing digital assets, making it easier for people to get involved.
Looking ahead, there’s a possibility that other cryptocurrencies could be added to similar ETFs, expanding the market even further. But for now, these Bitcoin-Ethereum combos are a significant step forward.
If you’ve been waiting for an easier way to get into crypto without all the complications, these ETFs might be exactly what you’ve been looking for.
FAQs
How do the new crypto ETFs differ from others?
These ETFs blend Bitcoin and Ethereum, offering balanced exposure to both, reducing risk compared to investing in a single cryptocurrency.
Are these crypto ETFs safe for new investors?
Yes, these ETFs are designed to be safer by tracking Bitcoin and Ethereum futures, offering simpler, less risky exposure to crypto investments.
@ Newshounds News™
Source: CoinPedia
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GERMANY FINALLY PASSES LEGISLATION NEEDED FOR FULL CRYPTO MICAR IMPLEMENTATION
A month ago we wrote that the collapse of the German government coalition was creating problems with implementing the EU’s cryptocurrency regulation MiCA, because it had failed to pass legislation.
However, on Wednesday the German parliament (Bundestag) finally passed the bill, the Digitalization of Financial Markets Act (Finanzmarktdigitalisierungsgesetz of FinmadiG). Apparently, it was added to the agenda at short notice. Parliament responded to industry requests to ensure the legislation was in place before MiCAR comes fully into force on December 30.
FinmadiG isn’t only about crypto and MiCAR as it also impacts other EU laws such as DORA and the Transfer of Funds Regulation. However, for MiCAR it introduced the Supervision of Crypto Markets Act (KMAG), the piece of legislation that supplants Germany’s old crypto rules with MiCAR.
Technically MiCAR is a regulation, so it does not require local laws. However, legislation was required to designate BaFin as the regulator. Without that, BaFin could not award licenses. That would have allowed EU firms with crypto licenses from other countries to operate in Germany, but German firms would not have been able to operate in the EU.
Additionally, MiCAR has grandfathering clauses allowing firms with existing licenses to continue to operate for up to 18 months, with each jurisdiction deciding on the transition period. The new German legislation specifies a year.
Different EU MiCAR transition periods
However, this week the European regulator ESMA noted that the varying transition periods mean crypto asset service providers (CASPs) need to get new authorizations under MiCAR sooner rather than later.
For example, if a German CASP doesn’t have a new license by July 2025, they cannot operate in EU countries that have imposed a six month transition period. That includes Latvia, Hungary, Netherlands, Poland, Slovenia and Finland. Lithuania’s transition is five months, and four jurisdictions had not specified the timing when ESMA published its note.
We believe ESMA may have been responding to a letter from the Electronic Money Association (EMA) and three EU crypto trade bodies. They highlighted that the latest regulatory technical standards for licensing were only endorsed by the European Commission at the end of October. That doesn’t give national authorities much time to adopt them or for CASPs to apply.
@ Newshounds News™
Source: Ledger Insights
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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Argentina Vs. USA – A Prescription For Curation
Argentina Vs. USA – A Prescription For Curation
The Final Wake-Up Call By Peter B Meyer December 20, 2024
The Wrong Medicine
The doctors were called, the patient was very sick, but not life-threatening. They unanimously diagnosed too much debt as the cause of the illness and described restructuring instead of reviving his bloodstream economy.
Then came Father Peron, who didn’t believe the doctors. So he called in his own team of specialists, and their diagnosis was that only a strong blood infusion of fiat money would be the best remedy for a quick recovery and revival of this patient.
Argentina Vs. USA – A Prescription For Curation
The Final Wake-Up Call By Peter B Meyer December 20, 2024
The Wrong Medicine
The doctors were called, the patient was very sick, but not life-threatening. They unanimously diagnosed too much debt as the cause of the illness and described restructuring instead of reviving his bloodstream economy.
Then came Father Peron, who didn’t believe the doctors. So he called in his own team of specialists, and their diagnosis was that only a strong blood infusion of fiat money would be the best remedy for a quick recovery and revival of this patient.
These specialists, against the opinion of a minority of well-trained, logical doctors, caused the wrong medicine to be prescribed and administered to the patient, named Peso.
The infusion of taxpayers’ money poured trillions of pesos into the system of the already haemorrhaging patient, guaranteeing its salvation and avoiding the collapse of its payment system, which would otherwise have caused a depression, as was seriously considered.
Argentina Was Once One Of The Richest Countries In The World.
Back in time, as the 1800s drew to a close and the world moved into the 20th century full of innovation and optimism, there was perhaps nowhere on the planet, apart from the United States, more admired and envied than Argentina.
Indeed, like America in the late 1800s and early 1900s, Argentina was teeming with immigrants from all over the world seeking a better life in this land of opportunity.
Argentina was already a rich country. And it was getting richer so fast that its economic growth even outstripped that of the United States.
By 1900, Argentina’s economy was bigger than the rest of Latin America put together, and about the size of all of Western Europe put together. There seemed to be nowhere to go but up.
It was also rich in natural resources, from fresh water to some of the world’s most fertile soil and vast oil and gas reserves. Argentina should have been unstoppable. It still is;
Argentina has one of the largest shale reserves in the world and has quadrupled its production in the last five years.
You’d have to work really, really hard to screw up that kind of wealth potential. And they did!
Stupid Centralization
For much of the 20th century, Argentina slipped into severe economic decline and remained so for decades, largely due to corrupt, excessive, outrageously irresponsible government spending and idiotic central planning.
Hyperinflation set in, the banking system collapsed and the economy was mired in a prolonged depression.
First budget surplus since the golden years of the early 1900s
When the new chainsaw-wielding president, Javier Milei, took power last year, he promised to change everything. And so far, the results are hard to argue with.
This year, Milei announced that Argentina had just run a budget surplus – its FIRST surplus since the golden years of the early 1900s.
That’s no accident. Milei has abolished entire government departments, fired ministers and drastically reduced the size and scope of government.
In his announcement, Milei didn’t hold back, calling his predecessors “fiscal degenerates” for ballooning the national debt and running massive deficits. These deficits, of course, were largely financed by the Argentine central bank, which printed all the money and created inflation.
Milei said that just last year his predecessor printed enough money to equal about 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, but TWICE.
The first time was in 2009, during the global financial crisis. Under then chairman Ben Bernanke, the Federal Reserve created trillions of dollars of new money, about 15% of GDP, to bail out the big Wall Street banks.
The second time was during the pandemic in 2020 and 2021, when the Fed printed around 14% of GDP.
This reckless money printing has not only caused historic inflation in the US, but has also created enormous problems for the Federal Reserve itself. The Fed is now wildly and hopelessly insolvent.
And this isn’t some wild conspiracy theory; it’s a fact straight from its own financial statements.
Here’s how it happened
Going back to 2008, and especially during the 2020-2021 pandemic, the Fed created trillions of dollars and then used that money to buy government bonds. At the same time, it cut interest rates to zero. The net result was that the Fed now holds trillions of dollars of bonds at the lowest yields in history.
But then, in 2022, they suddenly reversed course and rapidly raised interest rates from 0% to more than 5%.
Well, if there’s one thing you need to understand about bonds, it’s that higher interest rates cause bond prices to fall. So when the Fed raised rates, it also caused the value of its bond portfolio to plummet. And “plummet” is a rather polite way of putting it.
As it stands today, the Fed faces net unrealised losses of $818.4 billion on all the bonds it bought during the pandemic, far more than the mere $44 billion it has in equity.
According to its own financial statements, the Federal Reserve is literally insolvent.
In fact, at nearly $1 trillion, the Fed is the most insolvent bank in the history of the world.
Talk about fiscal degeneration
Now the Fed has only a few options:
One, ignore the problem. Continue to pretend that the insolvency of the world’s largest and most systemically important central bank is no big deal.
Two, Ask For A Bailout: Go To The Treasury, Hat In Hand.
The problem is that the Treasury doesn’t have any money; in fact, the US government is already overspending by $2 trillion a year and has to borrow most of that money from the Fed.
So a bailout would require the Fed to print money, lend it to the Treasury, and then the Treasury would lend it back to the Fed. Talk about bizarre.
The Third Way Is To Lower Interest Rates
Lower rates mean that the value of the Fed’s bond portfolio will rise, reducing the Fed’s near-trillion-dollar insolvency. But lowering rates would only invite more inflation.
Inflation is already creeping back. Just last week, the latest report showed an increase in the inflation rate, with signs that it will continue to rise. Yet the Fed has all but promised to cut rates again next week.
What’s clear is that the Fed is abdicating 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 that is why real assets like gold and silver are an excellent inflation hedge, which makes so much sense, especially with so many high quality real asset producers selling at ridiculously low valuations.
All this contrasts with Argentina, where Javier Gerardo Milei has scored a major victory for his country, which has already emerged from a recession brought on by public spending cuts and is now growing at a dramatic 3.9%.
The country’s stock market is up 174% this year. Monthly inflation has fallen from 25% to less than 3%.
First El Salvador, now Argentina: where courageous right-wing leaders do what progressive elites say ‘cannot be done’, where each immediately and dramatically improves their country’s economic finances.
Think about it and draw your own conclusions!
Javier Gerardo Milei (born 22 October 1970) is an Argentine economist and politician. President of Argentina since 2023.
https://en.wikipedia.org/wiki/Javier_Milei
https://finalwakeupcall.info/en/2024/12/20/argentina-vs-usa-a-prescription-for-curation/
News, Rumors and Opinions Saturday AM 12-21-2024
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. 21 Dec. 2024
Compiled Sat. 21 Dec. 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Thurs. 19 Dec. 2024 Bruce, The Big Call: All day Fri., Sat, Sun, Mon and Tues until noon, Redemption Center Staff are scheduled to work. They have Christmas off and go back to work the day after Christmas. In the first ten days of Jan. 2025 R&R, increase of SS, NESARA, GESARA (allegedly) kicks in. We could be notified overnight tonight or Friday morning 20 Dec.
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. 21 Dec. 2024
Compiled Sat. 21 Dec. 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Thurs. 19 Dec. 2024 Bruce, The Big Call: All day Fri., Sat, Sun, Mon and Tues until noon, Redemption Center Staff are scheduled to work. They have Christmas off and go back to work the day after Christmas. In the first ten days of Jan. 2025 R&R, increase of SS, NESARA, GESARA (allegedly) kicks in. We could be notified overnight tonight or Friday morning 20 Dec.
Fri. 20 Dec. 2024 TNT: A guy had 150 million Dinar. 50 million of it (allegedly) brought $28.50/Dinar. The other 100 million Dinar (allegedly) brought him $7.xx. First 50 million Dong (allegedly) got him $12/Dong. The remainder got him (allegedly) $3.50. ZIM paid out 22 cents per million ZIM. For parking a large part of that money with the bank, he received a 5 year/ 25% per year interest rate. (allegedly)
Fri. 20 Dec. 2024 Wolverine: The platforms are closing down right now. It looks like we are crossing the finish line. Have a beautiful, beautiful day. It’s all (allegedly) coming before Christmas.
On Tues. 17 Dec. 2024 Ripple USD Stablecoin (RLUSD) launched, the Iraqi Dinar was (allegedly) being paid out at it’s (allegedly) new revalued rate of just under $8.00 in-country (the international rate has not yet stabilized on the Forex and wouldn’t be until Mon. 23 Dec); Rumors swirled that the Vietnamese Dong has followed suit and XRP went live.
~~~~~~~~~~~~~
Fri. 20 Dec. NESARA & QFS Plan: The Process of RV Redemption Started …JFK Jr. on Telegram
Dive into the exclusive insights of the NESARA & QFS Plan. Discover the RV Redemption process, the importance of NDA signatures, and strategic post-redemption planning. Inside the exclusive world of Redemption Centers, this is crucial for those navigating the significant financial reset changes.
Redemption Centers offer significantly higher exchange and redemption rates. Here, you also (allegedly) receive Quantum technology devices like QPhones, QLaptops, as well as access to Quantum Accounts and Rainbow Currency.
Exclusive Redemption Center Benefits: Approved Templates for Humanitarian Initiatives, courtesy of Susan Price and endorsed by Ben Carson. Access to exclusive resources, including the highly sought-after Redemption Guide—freely available and pinned for easy access on my Twitter-X profile.
Understanding the 4 R’s: Reclamation, Restitution/Reparation, and Redemption:
RECLAMATION: Focuses on restoring things to a better state. It’s about taking back what the Deepstate and the corrupt financial systems have stolen from us.
RESTITUTION/REPARATION: Deals with compensating for wrongful losses through financial remunerations, applicable across taxes, loans, and bonds linked to personal documents.
REDEMPTION: Involves exchanging currencies and ZIM Bonds at higher rates for personal and humanitarian use. This process reflects the economic salvation and moral rectification efforts underway.
Eligibility and Potential Payouts:
Groups range from 24 to 60+ years, with lump-sum payouts and structured monthly payments, based on prior agreements and ongoing economic evaluations.
The Redemption Process: Engage directly with Redemption Centers to convert currencies and ZIM Bonds. Complete necessary NDAs to ensure the integrity and confidentiality of the redemption process.
Key Advice: Read and re-read all documents thoroughly to understand your rights and responsibilities throughout this transformative journey.
Conclusion: The RV redemption process is shrouded in secrecy but stands as a beacon of financial reformation. It transcends traditional banking systems, offering a path to financial stability and philanthropic opportunities. Embrace this journey with knowledge and caution, recognizing the pivotal role you play in the broader financial ecosystem.
Read full post here: https://dinarchronicles.com/2024/12/21/restored-republic-via-a-gcr-update-as-of-december-21-2024/
*************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick The IQD is being introduced to its basket members. These foreign currencies that are coming in through the contracts, some of them, if not most of them, will be playing the part in the float of the Middle East basket. Why is it that this basket is the next chapter in our study? Because the CBI auctions are ending on December the 31st of this year and there will be no restrictions on the Iraqi dinar on an international level as it was before ...This is article VIII compliance which allows them to stop the auctions...Once the float increases the international value of the Iraqi dinar it will start to pair to these currencies in this basket and IMO it will quickly rise in value due to the demand that we are seeing right now.
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
The CBI shut down 49 more companies. They were those that were the ones who were doing money laundering and that should be the final 5% that they've been talking to us about everyday. All day we hear from the IMF praising Iraq and even Sudani talking about us being stable and strong. It's all over here in Iraq. It looks like this all saying we are about to go international. FRANK: That is the key. That is the next step. Once we go international you won't need me no more. You are about to go with a new exchange rate, God willing.
Stocks Plummet Amid Insider Selling | John Rubino
Liberty and Finance: 12-20-2024
John Rubino discusses the current financial and geopolitical landscape, highlighting concerns about stock market overvaluation, rising government debt, and the possibility of a major financial crisis.
He emphasizes that equities are overpriced and signals like corporate insider selling and inflationary pressures indicate an impending market correction.
Rubino warns that escalating global tensions, particularly the proxy war in Ukraine, could lead to catastrophic consequences, including nuclear risk and further economic instability.
He suggests preparing for these challenges by investing in real assets, such as gold, silver, farmland, and energy stocks.
Despite the bleak outlook, Rubino advises maintaining balance and taking breaks from overwhelming news cycles to preserve mental well-being.
INTERVIEW TIMELINE:
0:00 Intro
1:30 Insiders dumping stocks
9:57 Crises before Trump's inauguration
16:00 Monetary crisis
21:30 A new monetary system
24:30 Preparedness
The Fed’s 2% Inflation Target is Dead, are we Headed for a 1929 Collapse?
The Fed’s 2% Inflation Target is Dead, are we Headed for a 1929 Collapse?
Wealthion: 12-19-2024
In a pivotal announcement that has rattled economic expectations, the Federal Reserve has implemented a rate cut, signaling a significant shift in monetary policy.
Following this decision, noted economist E.J. Antoni, PhD, asserts that the Fed’s longstanding 2% inflation target has become an illusion.
In a recent discussion with Wealthion’s Andrew Brill, Antoni presented a sobering analysis of what this means for the economy, investment strategies, and the financial prospects of average Americans.
The Fed’s 2% Inflation Target is Dead, are we Headed for a 1929 Collapse?
Wealthion: 12-19-2024
In a pivotal announcement that has rattled economic expectations, the Federal Reserve has implemented a rate cut, signaling a significant shift in monetary policy.
Following this decision, noted economist E.J. Antoni, PhD, asserts that the Fed’s longstanding 2% inflation target has become an illusion.
In a recent discussion with Wealthion’s Andrew Brill, Antoni presented a sobering analysis of what this means for the economy, investment strategies, and the financial prospects of average Americans.
Despite the Federal Reserve’s projections for a moderation in inflation, the reality is starkly different. According to Antoni, inflation remains stubbornly high and appears to be on an upward trajectory. He describes the inflationary pressures as “sticky,” suggesting that various factors, including supply chain disruptions, labor market constraints, and high consumer demand, are undermining the Fed’s efforts to stabilize prices.
This persistent inflation challenges the optimistic forecasts that have characterized recent Fed communications.
Antoni elaborates on how the latest round of rate cuts affects various sectors of the economy. For small businesses, lower interest rates may seem beneficial in theory; however, the reality is that such measures can lead to increased borrowing costs over time and create uncertainty in the financial landscape.
Access to capital remains a critical issue for small businesses navigating a volatile economic climate, and this Fed action could exacerbate existing difficulties.
The housing market also faces significant repercussions from these rate cuts. As mortgage rates fluctuate, potential homebuyers remain hesitant, stalling what was already a struggling sector. The combination of reduced rates and persistent inflation has resulted in a stagnant market, making homeownership increasingly elusive for many Americans.
For those who already own homes, rising inflation can lead to the erosion of purchasing power and increased living costs, further straining household budgets.
Antoni points to a worrying trend regarding the United States dollar, which has lost approximately 20% of its value due to reckless government spending and misguided monetary policies. This depreciation undermines Americans’ purchasing power and signals potential long-term consequences for economic stability. As the dollar weakens, it raises concerns about the viability of the U.S. economy, particularly in global markets where currency strength plays a crucial role.
Looking ahead, Antoni warns that America could face dire economic consequences reminiscent of the early 20th century.
He outlines two potential scenarios that could unfold: a brief but sharp depression akin to the downturn of 1920 or a more prolonged collapse similar to the Great Depression in 1929. Each possibility carries substantial implications for investment strategies and the overall economic health of the nation.
The current economic environment, characterized by inflation, reduced consumer confidence, and uncertainty in monetary policy, poses significant risks. For investors, understanding the macroeconomic landscape becomes vital in navigating potential downturns and identifying opportunities amidst chaos. Strategic adjustments to portfolios may be necessary as individuals seek to shield themselves from incoming economic shocks.
The discussion with Antoni brings to light the hidden costs of the Federal Reserve’s monetary policies and government overspending. While rate cuts may serve as a tool to stimulate the economy, the broader effects often lead to inflationary spirals, eroding wealth and savings for ordinary Americans.
Indeed, the consequences of monetary decisions extend beyond economic indicators, impacting daily lives in tangible ways.
In conclusion, E.J. Antoni’s insights underscore the complexity of the current economic climate, particularly post-rate cut. The challenges of inflation, the vulnerabilities of small businesses, the faltering housing market, and a depreciating dollar reveal the precarious balance that the Federal Reserve is attempting to maintain.
As individuals and investors brace for what lies ahead, awareness and strategic foresight will be essential in navigating this turbulent economic landscape.
Seeds of Wisdom RV and Economic Updates Friday Afternoon 12-20-24
Good Afternoon Dinar Recaps,
US COURT SCHEDULES KEY DATES FOR RIPPLE CASE
▪️The US Court of Appeals sets critical dates for the Ripple lawsuit.
▪️Bradley Sostack must submit key documents by specified deadlines.
▪️Ripple remains hopeful amidst ongoing legal challenges with the SEC.
Good Afternoon Dinar Recaps,
US COURT SCHEDULES KEY DATES FOR RIPPLE CASE
▪️The US Court of Appeals sets critical dates for the Ripple lawsuit.
▪️Bradley Sostack must submit key documents by specified deadlines.
▪️Ripple remains hopeful amidst ongoing legal challenges with the SEC.
The United States Court of Appeals has announced important dates related to a new lawsuit filed by Bradley Sostack against Ripple $2. The court will outline filing deadlines and the dates for presenting major arguments during the appeals process.
Ripple Case Dates
The appellate court received the appeal notification concerning the Ripple case and assigned a case number. The court requested that any motions filed in this process be submitted individually.
Plaintiff Bradley Sostack must submit the Mediation Questionnaire by December 23. The court also expects to receive the Appeals Transcript Order and the Appeals Transcript by December 31 and January 30, respectively.
The plaintiff will initiate the appeals process by submitting the opening brief on March 6 against Ripple and CEO Brad Garlinghouse. Ripple Labs, XRP II, and Garlinghouse are required to respond to the plaintiff’s main assertion by April 7, 2025.
“If there are reported hearings, parties should identify transcripts and make assignments mutually if necessary” – Court
Previous Court Rulings
Ripple, having benefited from prior dividend court rulings, has been appealed by Bradley Sostack. Judge Phyllis Hamilton approved the request to modify the decision and hearing request in the XRP case.
The lawsuit between Ripple and the SEC continues in the Second Circuit Court of Appeals. Ripple executives and the crypto community remain hopeful about the dismissal or withdrawal of the case. SEC Chairman Gary Gensler’s resignation on January 20 has fostered optimism regarding the case’s future.
As developments unfold in the Ripple case, stakeholders are preparing for the ongoing process. Keeping track of the dates set by the court will be crucial for the case’s progression.
@ Newshounds News™
Source: Coin-Turk
~~~~~~~~~
METALLICUS ACQUIRES FINTECH OPERATOR CONNECTED TO 70 CREDIT UNIONS
The acquisition brings Metal blockchain solutions to Bonifii’s portfolio of credit unions.
Digital banking and blockchain platform Metallicus recently announced the acquisition of fintech service company Bonifii, a credit union service operator (CUSO) connected to 70 credit unions.
The partnership will purportedly establish a separate CUSO for credit union partners that establish and deploy on The Digital Banking Network (TDBN), a multilayer blockchain network servicing the fintech and financial services industry.
According to a blog post from Bonifii, the organization is currently the only CUSO directly connected to a blockchain core developer.
Marshall Hayner, founder and CEO of Metallicus and board member of the Dogecoin Foundation, told Cointelegraph that the acquisition brought the company’s total credit union partners to more than 80, with more than 16 of those already leveraging Metal blockchain technology. He explained:
“Our plan is to continue onboarding more financial institutions and credit unions onto The Digital Banking Network, providing them with bespoke solutions that allow them to move onchain, enhance their operational requirements, reduce costs and enhance services for credit union members globally.”
Digital banking and FedNow
Metallicus has been among the more active blockchain firms in the digital banking space. Its early involvement in the US Federal Reserve’s FedNow digital payments system has positioned it as a core blockchain with inroads to US government programs.
FedNow is a digital payments infrastructure that allows qualified banking institutions to provide government-backed instant payment solutions to their customers. As Cointelegraph reported in May 2023, Metal Blockchain was one of the first chains accepted for integration with the program.
The recent acquisition of Bonifii could allow Metallicus to expand its footprint into the credit union space. Hayner told Cointelegraph that Bonifii president John Ainsworth will transition to the Metallicus team, where he will lead Metal Blockchain’s expansion into the credit union sector as General Manager.
A cursory review of the company’s finances indicates that, prior to the acquisition, Bonifii had raised roughly $20 million over several early investment and seed rounds. While details on Metallicus’ financials do not appear to be publicly available, CoinMarketCap reports a market capitalization of $13.65 million for the Metal Blockchain.
@ Newshounds News™
Source: CoinTelegraph
~~~~~~~~~
TOP ECONOMIST SHARES WHY SILVER IS THE SAFEST BET RIGHT NOW | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
Newshound's Podcast Link
Newshound's News Telegram Room Link
Q & A Classroom Link
Follow the Roadmap
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Seeds of Wisdom Team™ Website
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Thank you Dinar Recaps
More News, Rumors and Opinions Friday Afternoon 12-20-2024
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. 20 Dec. 2024
Compiled Fri. 20 Dec. 2024 12:01 am EST by Judy Byington
Thurs. 19 Dec. 2024 Wolverine: The Bank of America system crashed today, leaving panicked customers 0 balances. “I have talked to Paymasters and Reno. It’s all coming before Christmas. Platforms have to be closed by Friday, so it should be released between now and Saturday Morning. All platforms need to be close off at the latest by Saturday so they can start releasing those funds.
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. 20 Dec. 2024
Compiled Fri. 20 Dec. 2024 12:01 am EST by Judy Byington
Thurs. 19 Dec. 2024 Wolverine: The Bank of America system crashed today, leaving panicked customers 0 balances. “I have talked to Paymasters and Reno. It’s all coming before Christmas. Platforms have to be closed by Friday, so it should be released between now and Saturday Morning. All platforms need to be close off at the latest by Saturday so they can start releasing those funds.
Thurs. 19 Dec. 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#
All day Fri., Sat, Sun, Mon and Tues until noon, Redemption Center Staff are scheduled to work. They have Christmas off and go back to work the day after Christmas.
Iraq is no longer tied to the US Dollar, it is tied to BRICS
Iraq is sovereign and has been celebrating since last Saturday.
In the first ten days of Jan. 2025 R&R, increase of SS, NESARA, GESARA kicks in.
We could be notified overnight tonight or Friday morning 20 Dec.
You will receive an email from Wells Fargo telling you how to call the 800 number and will be calling a regional call center.
They are supposed to offer you the Contract Rate on the Dinar. If they don’t offer it to you, ask for it.
You need a picture ID, blue ink pen, user name, password, 5 digit Pin Code, new email address and another password to get into your new email.
You get a Quantum Card that is only used to move monies from your Quantum account to your Wells Fargo Account.
Have an amount in mind that you want to move from your Quantum account for the first 90 days.
They will give you a Q phone and perhaps a certificate for a Quantum computer.
They don’t want us to take out of our appointments any more than $1,500 in cash.
No interest is paid on your Quantum Account. 5-8% yearly interest is paid on your other bank accounts.
You should be in and out of your appointment in 30-40 min.
Your NDA could be 30 days to 6 months.
At your appointment you can tell them you have a dire need for a med bed.
At the Med Bed Centers there are two different Med Beds.
Med Bed Centers
~~~~~~~~~~~~~
Wed. 18 Dec. 2024 TNT: Yes, we are going to get paid. Some are being paid right now. The RV is still going. Banks are awaiting a memo from the Feds. that the Feds will send out this afternoon. It will go between now and Friday 19 Dec. The new rates are still there and live. VIPs are still exchanging.
On Tues. 17 Dec. 2024 Ripple USD Stablecoin (RLUSD) launched, the Iraqi Dinar was being paid out at it’s new revalued rate of just under $8.00 in-country (the international rate has not yet stabilized on the Forex and wouldn’t be until Mon. 23 Dec); Rumors swirled that the Vietnamese Dong has followed suit and XRP went live.
Thurs. 19 Dec. 2024: EBS Shockwave Incoming: Over 200,000 Military Troops Mobilized for 10 Days of Truth, Global Arrests, Deep state Burns, and GESARA’s Wealth Transfer Begins! – Gazetteller
~~~~~~~~~~~~~~~
Thurs. 19 Dec. 2024 the BRICS alliance, with nearly 40 countries interested in joining, is leading a global movement to dethrone US dollar dominance.
As economies push for de-dollarization and local currency trade, the world braces for a seismic shift in global finance. This revolution could reshape the future of international trade and challenge US economic power.
A financial revolution is brewing. Nearly 40 countries are ready to break free from the economic chains of the US dollar. Spearheaded by the growing BRICS alliance, nations from Asia, Africa, and South America are uniting to shift away from US dominance and chart a new economic path.
BRICS has grown from a coalition of Brazil, Russia, India, China, and South Africa into a powerhouse challenging the old order. As the US grip weakens, these nations are opting for local currencies in trade, signaling a turning point in global finance. This is more than an economic realignment—this is about escaping the dollar’s control and securing economic independence.
The US Dollar’s Dominance—And Its Cracks: For decades, the US dollar has controlled global trade, commodity prices, and the financial system. But now, nations are pushing back. The dominance that the dollar has enjoyed since World War II is fading. The system designed to ensure the US’s place at the top is being challenged, and BRICS is leading the charge.
Countries tied to the dollar are at the mercy of US monetary policy. When the US raises interest rates, the pain is felt worldwide. This system benefits the US while trapping developing nations in economic strangleholds. The dollar has become a weapon, and many countries are ready to break free.
BRICS: The Beacon of De-Dollarization: BRICS represents a collective effort to escape the US-led financial system. Originally formed to counterbalance Western institutions, BRICS is now spearheading a de-dollarization movement. The nearly 40 countries expressing interest in joining are driven by a desire to shift to local currencies and break their reliance on the US dollar.
China is a critical player, using its influence and initiatives like the Belt and Road Initiative to promote trade in local currencies. It’s not just economic pragmatism—it’s a geopolitical move aimed at weakening US power. Russia, too, is pushing hard to de-dollarize, motivated by US sanctions and the need to insulate its economy from American control.
A Flood of Interest: Who Are These 40 Countries? Countries like Argentina, Saudi Arabia, and Egypt are eyeing BRICS as a way to escape the dollar’s grip. These nations see the alliance as a pathway to a more balanced global system, one where the US no longer dominates their financial futures.
Saudi Arabia’s interest is a game-changer. As the world’s largest oil exporter, its potential shift away from the petrodollar system could strike a devastating blow to the US dollar’s global standing. If Saudi Arabia begins trading oil in currencies like the yuan, the global financial order could shift dramatically.
The Collapse of Dollar Dominance? The US dollar’s dominance won’t vanish overnight, but the shift is undeniable. As BRICS expands and more nations adopt local currencies, the demand for the dollar will decline. The days of the US borrowing cheaply and maintaining a massive trade deficit without consequence could be coming to an end.
As BRICS grows in power, the global financial order is evolving. This isn’t just about economics—it’s about power, influence, and the future of global leadership. The revolution has begun, and BRICS is leading the charge.
Read full post here: https://dinarchronicles.com/2024/12/20/restored-republic-via-a-gcr-update-as-of-december-20-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat Article: “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. We were told of the issue of the parallel market and my CBI contact told me that this had to come in par with the “official” CBI rate in order to make the in-country revaluation of the dinar possible, before the project to delete the zeros could occur. They said that the new correspondent bank procedure should eliminate the parallel market...The RV is going to happen, but first things first... [post 1 of 2....stay tuned]
Mnt Goat This recent move with the correspondent banks should knock out the parallel market altogether first and put the dollar in line with the CBI “official” rate. This was needed first. Then the CBI plans to push out the new in-country CBI official rate we have been waiting for along with the project to delete the zeros. I just talked to my CBI contact...Wednesday and this is what I am told. We just have to sit tight and see what happens next. I wish I could tell you more positive news. Right now, this is a very sensitive time, things will be moving fast soon. I can’t think of better news at this time. [post 2 of 2]
GAME OVER: Germany's Shocking Collapse Signals More Trouble Ahead for the EU
Lena Petrova: 12-20-2024
“Tidbits From TNT” Friday 12-20-2024
TNT:
Tishwash: Because of Iraq!.. Iran will accept “what it did not accept before”
Strategic and security affairs researcher, Firas Elias, said on Thursday that Iran will accept “what it did not accept before” in order to preserve Iraq because it is the gateway to its safety and the gateway to the danger that could reach it in the future.
Elias said in a post on the “X” platform, which was followed by “Al-Jarida”, that “Iraq is the jewel in Iran’s crown in the region, and it is the wall that protects it from a major collapse, so it will secure and preserve it, even if it is forced to accept what it did not accept before.”
He explained, "Today, it (Iran) is open to all the regional and international solutions and conditions proposed in Iraq, because it is the gateway to its safety and the gateway to the danger that could reach it in the future."
TNT:
Tishwash: Because of Iraq!.. Iran will accept “what it did not accept before”
Strategic and security affairs researcher, Firas Elias, said on Thursday that Iran will accept “what it did not accept before” in order to preserve Iraq because it is the gateway to its safety and the gateway to the danger that could reach it in the future.
Elias said in a post on the “X” platform, which was followed by “Al-Jarida”, that “Iraq is the jewel in Iran’s crown in the region, and it is the wall that protects it from a major collapse, so it will secure and preserve it, even if it is forced to accept what it did not accept before.”
He explained, "Today, it (Iran) is open to all the regional and international solutions and conditions proposed in Iraq, because it is the gateway to its safety and the gateway to the danger that could reach it in the future." link
Tishwash: What are the objectives of expanding foreign transfer channels by the Central Bank of Iraq?
Economic expert Alaa Al-Fahd revealed, today, Thursday (December 19, 2024), the goal of the Central Bank of Iraq in expanding external transfer channels for local banks.
Al-Fahd said in an interview with Baghdad Today, "Within the Central Bank's policy and its continuous attempts to control foreign transfers to finance trade, especially in dollars, there is a continuous effort to expand the basket of foreign currencies used in imports, especially with countries with which we have import dealings, the transfer is in the currencies of the countries, and there was an agreement on this with the Turkish side, as well as the Emirates, China, and today with Jordan and Saudi Arabia."
He explained that "this step reduces the demand for the dollar to finance foreign trade, as most of the demand for the dollar is to finance foreign trade, and with the expansion of the currency basket, the pressure in the parallel (black) market on the dollar decreases, and this reduces the exchange rate in the local market."
He added, "This step will also allow many banks to deal with many countries according to the currencies of those countries, and this will enhance a major role in developing the work of banks in terms of experience. Its main goal is to control the dollar exchange rate and work to reduce it." link
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Tishwash: Amidst the challenges... What is Iran's plan to save its currency?
The imminent return of US President-elect Donald Trump to the White House and rising tensions with Israel have put pressure on the Iranian currency, the rial, to lose another chunk of its value and hit a new record low.
The European Union has added further pressure on the Iranian rial, after announcing its intention to activate the “trigger” mechanism, following Tehran’s condemnation by the International Atomic Energy Agency’s Board of Governors last month for “not cooperating sufficiently” in its nuclear program.
After the Iranian press used to publish daily reports about the decline in the value of the currency against the dollar, the Iranian government's economic team announced its plan to limit the decline of the rial and curb the prices of hard currency in the markets.
Supply and demand
In a move aimed at bridging the gap between the government exchange rates and the parallel market, the Central Bank of Iran has cancelled the government pricing of hard currency allocated for importing some basic commodities, starting last Saturday, so that the price of the green currency will be determined according to the mechanism of supply and demand between exporters and suppliers in the consensus market designated for trading hard currencies.
Following this move, the consensus price of the dollar stabilized the next day at around 600,000 Iranian rials, but it continued to rise on Monday and Tuesday in the “NIMA” market for foreign exchange trade at 613,000 and 617,000 rials, respectively.
In the parallel free market, the price of one dollar jumped to 768 thousand riyals last Monday, then touched the threshold of 778 thousand riyals yesterday, Tuesday, after trading at about 733 thousand riyals, on the eve of the launch of the new mechanism.
Objectives and justifications
The Central Bank of Iran's move came after a number of factories refused to continue their activities due to the accumulation of losses resulting from the mandatory pricing, as they were forced to display their export revenues in the government market, and sell their hard currency at prices lower than their real price, and in return buy raw materials according to the parallel market prices.
Iranian Economy Minister Abdolnaser Hemmati said that implementing this mechanism is a preliminary step towards getting rid of the mandatory pricing, especially in the hard currency market, adding that the mandatory pricing will lead to financial corruption, rent distributions and exacerbate difficulties in the hard currency market.
In a tweet on the X platform, Hemmati wrote that unrealistic prices cannot be defended without containing inflation, and despite the feasibility in the short term, it will not last long, warning that continuing to work with mandatory pricing would eliminate the national reserves of hard currency and undermine the country's economic security.
A strong shield to protect the economy
A segment of Iranian experts believe that the Central Bank aims, through its measures, to encourage factories to produce and export.
Economic writer Hamid Sayed Qurbani welcomed the new mechanism, considering it to be in the interest of economic development through supporting exports, and also in line with the restrictions that should be imposed on imports in order to achieve comprehensive self-sufficiency and presence in foreign markets.
In an article titled “The harmonious currency; a first step towards national development” published on the (Economy Online) website, Sayed Qurbani believed that the new mechanism will reduce the volume of unnecessary demand for imports, and contribute to eliminating the false demand for hard currency, leading to a reduction in its prices in the markets, transferring profits from the suppliers’ basket to exporters, and supporting national production.
Given the national fear of shrinking oil exports with Trump’s return to the White House by imposing more sanctions, which could lead to an increase in the currency’s price in the markets, the author likens the new mechanism to a strong shield that will protect the national economy from external shocks to the exchange rate.
Political developments
In contrast, Iranian economic expert Albert Baghzian recalls the obsession of successive Iranian governments with unifying the exchange rate and bridging the gap between official prices and the free market, stressing that the harmonious price mechanism will succeed if it satisfies suppliers and exporters and spares them the need to consult the black market for supply and demand, adding that he does not expect the new mechanism to succeed.
In an interview with Setareh Sobh newspaper, Baghazian considered lifting foreign sanctions a condition for the Iranian economy to get rid of the crises of high hard currency prices and the decline in the value of the national currency, explaining that the exchange rate in Iran is affected by political developments more than economic indicators and supply and demand in the markets.
He said: “Given the reality of sanctions, tension in Syria, and Trump’s return to power in the United States, concern will remain in the Iranian hard currency market, because providing hard currency in sufficient quantities is a condition for talking about unifying the exchange rate, which encourages the strengthening of the national currency and the decline in the value of foreign currencies.
The Iranian academic said that his country suffers from a problem in providing hard currency due to the sanctions, even the revenues from oil sales return to the country in the form of goods, stressing that imposing sanctions on the economy is equivalent to cutting off a person’s limbs and paralyzing his life, as the major powers have been imposing embargoes instead of wars and military attacks.
The fall of the lion
On the other hand, a third segment in Tehran senses a direct relationship between the fall of Bashar al-Assad’s regime in Syria and the acceleration of the decline of the Iranian currency and its recording of a new record low against the dollar, due to the major repercussions of the regional political development on the Iranian economy.
Although the value of trade exchange between Iran and Syria did not exceed $170 million during the past year, the fall of Assad paints a foggy horizon for Tehran’s dues to Damascus, which are estimated at tens of billions of dollars.
In this context, the analytical website (Bazaar News) published an article entitled “The Syrian Crisis and Its Impact on the Iranian Economy,” in which its author believes that the new scene in the Levant will expose part of Iranian investments in the Syrian infrastructure and its military and security sectors to destruction.
The article believes that the lack of security in Syria may affect Tehran's investments in neighboring countries, as well as undermine the Iranian corridor linking the East and the West and reduce its position in front of the corridor planned to link India and Europe via the Middle East (IMEC). link
Mot: . ooooh lordy - been un of does Years!!!!
Mot: ........... UH OH!!!!!
