3 Scary Truths About the Future of Social Security
3 Scary Truths About the Future of Social Security
Lydia Kibet Sun, December 22, 2024 GOBankingRates
For millions of Americans, Social Security isn’t just a paycheck. It’s a lifeline. With many reports that Social Security benefits may run out by 2035, it’s unclear what the future holds. Whether you’re already retired or still years away, you need to know these hard truths about the future of Social Security.
The Program Could Be Insolvent by 2035
What most people don’t get is that Social Security isn’t going bankrupt. It’s running a deficit, which means the program doesn’t have enough cash (coming in from upcoming payroll taxes) to fund benefits fully. For this reason, the Social Security Administration (SSA) has been pulling money from its trust funds to avoid the benefit cuts so far.
3 Scary Truths About the Future of Social Security
Lydia Kibet Sun, December 22, 2024 GOBankingRates
For millions of Americans, Social Security isn’t just a paycheck. It’s a lifeline. With many reports that Social Security benefits may run out by 2035, it’s unclear what the future holds. Whether you’re already retired or still years away, you need to know these hard truths about the future of Social Security.
The Program Could Be Insolvent by 2035
What most people don’t get is that Social Security isn’t going bankrupt. It’s running a deficit, which means the program doesn’t have enough cash (coming in from upcoming payroll taxes) to fund benefits fully. For this reason, the Social Security Administration (SSA) has been pulling money from its trust funds to avoid the benefit cuts so far.
As stated by the SSA Trustees report, the current surplus will run out by 2035. However, this doesn’t mean the program will no longer pay benefits. Instead, the program will be able to pay only about 83% of the scheduled benefits. This means your monthly check could be potentially slashed by 17%.
“Policymakers can implement various Social Security reforms to rebuild this surplus, like raising the full retirement age from 66 to 70 or taxing workers on all their earnings,” said Steve Sexton, financial consultant and CEO of Sexton Advisory Group.
“Regardless of whether a surplus is achieved or not via reforms, I wouldn’t recommend leaving this up to chance, and it should motivate individuals who plan to retire in 2033 and beyond to reevaluate their retirement planning strategy. Future retirees should plan to beef up their reserves via other means of retirement income, whether through investments, real estate, part-time work or other income streams.”
According to Taylor Lee, financial advisor at Belmont Capital Advisors, “A scary truth about the future of Social Security is that people are living much longer now and drawing benefits into their 90s, whereas benefits can start as early as 62. It’s common sense that we need to raise the retirement age for Social Security, but no politician is going to do it because they’re afraid to lose votes.”
Inflation Is Eating Away at Benefits
Even if Social Security doesn’t become insolvent, it’s losing its buying power. While Congress adjusts Social Security benefits for inflation each year through the cost-of-living adjustment (COLA), it hasn’t managed to keep up with skyrocketing inflation. This means retirees are losing money each month as their bills surpass their benefits. If inflation keeps outpacing COLA, retirees will lose purchasing power on their benefits yearly.
“A recent analysis by The Senior Citizens League reported Social Security benefits have lost 20% of their buying power since 2010, which means the next generation of retirees cannot realistically depend on their Social Security check to fully support them in their golden years,” Sexton said. “Additionally, as necessities like housing, groceries and healthcare increase, retirees will struggle to afford basic needs if their Social Security benefits don’t keep pace with rising costs.”
TO READ MORE: https://www.yahoo.com/finance/news/3-scary-truths-future-social-120059678.html
The Fed’s Tightrope, Debt, Real Estate, and the Case for Gold
The Fed’s Tightrope, Debt, Real Estate, and the Case for Gold
APMEX: 12-22-2-24
In a rapidly shifting economic landscape, the Federal Reserve (the Fed) finds itself walking a precarious tightrope. As it navigates the dual pressures of stubborn inflation and mounting national debt, the implications of its monetary policy decisions are echoing throughout the economy.
With a staggering $36 trillion national debt and interest expenses that are climbing, the Fed’s actions are poised to have far-reaching consequences, particularly in the realm of commercial real estate.
The Fed’s Tightrope, Debt, Real Estate, and the Case for Gold
APMEX: 12-22-2-24
In a rapidly shifting economic landscape, the Federal Reserve (the Fed) finds itself walking a precarious tightrope. As it navigates the dual pressures of stubborn inflation and mounting national debt, the implications of its monetary policy decisions are echoing throughout the economy.
With a staggering $36 trillion national debt and interest expenses that are climbing, the Fed’s actions are poised to have far-reaching consequences, particularly in the realm of commercial real estate.
Despite the Fed’s best efforts to rein in inflation, which has remained stubbornly above its target, interest rates have risen sharply in response. These elevated rates are intended to cool off the economy and temper inflationary pressures.
However, the result has been a cascade of challenges that threaten the financial stability of various sectors. The burden of high interest rates is particularly acute for small and mid-sized banks, which are already feeling the heat from an escalating commercial real estate crisis.
The commercial real estate sector has become a focal point of concern as rising interest rates lead to higher borrowing costs. Property owners who previously benefited from low-interest loans are now facing a stark reality of ballooning debt expenses. Many are unable to refinance, leading to rising defaults and increasing vacancies. This scenario has created a ripple effect, pushing small and mid-sized banks to the brink as they grapple with rising non-performing loans and a tightening credit environment.
Analysts warn that this crisis could exacerbate existing economic vulnerabilities, particularly as many of these banks are heavily invested in commercial real estate. As defaults increase, confidence in the banking sector erodes, potentially leading to a more significant financial downturn.
With the national debt now exceeding $36 trillion, the U.S. government faces a daunting challenge. Interest payments alone are consuming a significant portion of the federal budget, leaving less room for investment in critical areas such as infrastructure, education, and healthcare. As interest rates remain elevated, these expenses will continue to rise, further straining the government’s financial resources.
Moreover, the ever-increasing debt poses a risk of eroding confidence in U.S. Treasury securities, traditionally viewed as a safe haven for investors. If investors begin to question the sustainability of the U.S. debt, it could trigger a more severe economic fallout, including a potential crisis of confidence in the dollar itself.
As the financial system teeters on the brink of uncertainty, many investors are revisiting the historical role of gold and silver as safe havens. Gold has long been viewed as a store of value, particularly in times of economic distress. Its appeal stems from its ability to maintain value even when fiat currencies face volatility and inflation.
The current economic climate, marked by high inflation and rising interest rates, creates a fertile ground for gold and silver to shine. Investors looking for stability amid the chaos are increasingly turning to these precious metals as a hedge against currency devaluation and economic downturns.
Silver, too, offers a dual advantage as both an industrial metal and a precious metal. With the green energy transition and technological advancements driving demand for silver, its value is expected to remain resilient, even in a turbulent economic environment.
The Federal Reserve is indeed walking a tightrope as it attempts to balance inflation control with the mounting pressures of national debt and a commercial real estate crisis. The consequences of its monetary policy decisions are reverberating across the economy, creating a landscape fraught with uncertainty.
In this climate of financial instability, gold and silver emerge as critical players. As traditional safe havens, they offer a refuge for investors seeking to preserve their wealth amidst rising inflation and potential economic turmoil.
As the Fed continues to navigate these choppy waters, the case for gold and silver becomes ever more compelling, reminding us of their enduring value in uncertain times.
News, Rumors and Opinions Monday 12-23-2024
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 Mon. 23 Dec. 2024
Compiled Mon. 23 Dec. 2024 12:01 am EST by Judy Byington
Possible Timing:
On Sat. 14 Dec. 2024 Debt Forgiveness & Wealth Redistribution (allegedly) Began: millions worldwide reported canceled mortgages, student loans, and credit card debts. Official encrypted messages confirm this is just the beginning.
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 Mon. 23 Dec. 2024
Compiled Mon. 23 Dec. 2024 12:01 am EST by Judy Byington
Possible Timing:
On Sat. 14 Dec. 2024 Debt Forgiveness & Wealth Redistribution (allegedly) Began: millions worldwide reported canceled mortgages, student loans, and credit card debts. Official encrypted messages confirm this is just the beginning.
Sun. 15 Dec. 2024: The (allegedly) beginning of the new Restored Republic Fiscal Year.
Mon. 16 Dec. 2024: Banks began (allegedly) changing over to the new financial system as the Global Currency Reset rolled out.
Tues. 17 Dec. 2024: XRP, RLUSD, Iraqi Dinar (allegedly) went public. Redemption Centers (allegedly) became fully operational. Banking Systems were (allegedly) beginning to process the new gold/ asset-backed US Treasury Note (USTN).
Wed. 18 Dec. 2024: Beginning of Global Financial Collapse (allegedly) . …G***o TV on Telegram Tues. 3 Dec. 2024
Thurs. 26 Dec. 2024: Announcement of the Global Restoration Plan. Every citizen will receive information about the new economic and legal structures. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024
By Tues. 31 Dec. 2024, Redemption Centers will be (allegedly) open to the general public.
Wed. 1 Jan. 2025: Basil 4 compliance deadline January 2025 – all banks have to (allegedly) prove the money they have in their vault is backed by gold. A new era of Freedom and Prosperity officially begins. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024
Early Jan. 2025: The EBS is set to (allegedly) begin ten days of Communication Darkness.
Wed. 1 Jan. 2025: The R&R payments and Social Security increases will (allegedly) begin.
Fri. 3 Jan. 2025: Global Unity announced as former Alliances (allegedly) restructure. Leaders will present plans for long term peace and cooperation across nations. …Nesara/Gesara on Telegram 5 Dec. 2024
Sun. 5 Jan. 2025: (allegedly) Release of advanced technologies previously suppressed. Free energy devices, healing technologies and environmental restoration tools will be made (allegedly) available to the public. …Nesara/Gesara on Telegram 5 Dec. 2024
Mon. 6 Jan. 2025: The Quantum Financial System (QFS) will officially (allegedly) be activated Worldwide. This secure, transparent and decentralized system will replace the old banking structure, ensuring fairness and equality for all …Nesara/Gesara on Telegram 5 Dec. 2024
End of March 2025: The US Fiat Dollar will be (allegedly) phased out, no longer worth anything.
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Global Currency Reset:
Judy Note: WARNING Beware of Banks: Right now there are many banks exchanging certain currencies including the Iraqi Dinar. However, they will give you the present street rate on the Forex, not the much higher rate you can receive at an official Redemption Center, plus a bank is not authorized to redeem Zim. After Jan. 1 2025 Banks will play a different role of services to you, some will close and all will no longer have access to your bank account.
Wed. 18 Dec. 2024: CRITICAL! Banks Are Desperate to Keep You From the Redemption Centers: Iraqi Dinar, ZIM, QFS, and the New Gold Standard Signal the Death of the Fiat Dollar! – Gazetteller
10:02 pm Sat. 21 Dec. 2024 TNTRayRen98: “The latest update is that within 24-36 hours it’s over.”
Sun. 22 Dec. 2024 Wolverine: “I just received news from Mauricio saying that the blessing is coming very soon. Remember that’s from his platform which purely humanitarian Nesara Gesara. I still have faith that we are going to have a Merry Merry Christmas. There are five platforms which are sending out monies. It’s going to be a wonderful Christmas.”
Thurs. 19 Dec. 2024 Bruce, The Big Call: Redemption Center Staff are scheduled to work all day Mon and Tues until noon. 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 kicks in. We could be notified overnight tonight or Friday morning 20 Dec.
Sun. 22 Dec. 2024 Iraqi Trade Bank has announced all cash transfers to the bank have been suspended until Jan. 7 2025.
Sun. 22 Dec. 2024 No more US Dollars are coming to Iraq. The Central Bank has two options: File for bankruptcy, or change the rate because this is what it means when cash is suspended: https://x.com/majeed66224499/status/1870886889583964197
Read full post here: https://dinarchronicles.com/2024/12/23/restored-republic-via-a-gcr-update-as-of-december-23-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick The stopping of the auctions is the biggest clue you could have in your possession right now... That's the bullseye right smack dab in the middle of your forehead. They're going to hit this monetary reform.
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Mr Sammy says the key will be to keep the inflation down once they stop the auctions and then the notes will pop and the rate. But auctions closing will force things. FRANK: Closing the auctions makes them obligated to give you a new exchange rate with lower notes to match it. FIREFLY: Mr. Sammy also says that by December 31st we could see that. So that means it could be before that. FRANK: Regardless whether it be in two weeks or two months it's happening. It's coming. We need to be ready...
Did Warren Buffett Just SELL Before an 80 YEAR CRASH? | David Hunter
CapitalCosm: 2-22-2024
Your Prices Are About To EXPLODE...
Lynette Zang: 12-21-2024
Governments around the world have grown unpayable debt levels and intend to expand those levels. At the same time interest rates force higher payments on new debt, including rolled over debt. Easing into an already easy money environment is a recipe for higher and faster inflation. At some point, control will be lost.
Seeds of Wisdom RV and Economic Updates Monday Morning 12-23-24
Good Morning Dinar Recaps,
TRUMP TAPS PRO-CRYPTO ECONOMIST STEPHEN MIRAN TO LEAD COUNCIL OF ECONOMIC ADVISERS
Miran will advise Trump on policy and help shape the administration's economic agenda to achieve its goals.
President-elect Donald Trump has nominated Stephen Miran, a former Treasury official from his first administration, to lead the Council of Economic Advisers. By selecting Miran, Trump is bringing experienced leadership back to Washington to help shape economic policy.
Good Morning Dinar Recaps,
TRUMP TAPS PRO-CRYPTO ECONOMIST STEPHEN MIRAN TO LEAD COUNCIL OF ECONOMIC ADVISERS
Miran will advise Trump on policy and help shape the administration's economic agenda to achieve its goals.
President-elect Donald Trump has nominated Stephen Miran, a former Treasury official from his first administration, to lead the Council of Economic Advisers. By selecting Miran, Trump is bringing experienced leadership back to Washington to help shape economic policy.
“Steve will work with the rest of my Economic Team to deliver a Great Economic Boom that lifts up all Americans,” Trump said in a Truth Social post on Sunday.
Miran has openly criticized the Biden administration, specifically targeting Fed Chair Jerome Powell. He condemned Powell for calling for more aggressive fiscal and monetary stimulus in Oct. 2020, just a month before the election, to boost the economic recovery during the pandemic.
Stephen Miran to Help Craft Trump’s Vision for a Booming Economy
The White House Council of Economic Advisers is a three-member team. It advises the president on economic policy. Miran will guide Trump on policy matters and be a key spokesperson to promote those decisions. He will provide insights and recommendations to shape the administration’s economic agenda. His work will help achieve its broader goals.
Currently a senior strategist at hedge fund Hudson Bay Capital Management, Miran said he was honored to be chosen. “I look forward to working to help implement the President’s policy agenda to create a booming, noninflationary economy that brings prosperity to all Americans!” he posted on X.
Miran’s appointment requires Senate confirmation. Last month, Trump named Kevin Hassett as chair of the National Economic Council. And he nominated Paul Atkins to replace Gary Gensler as SEC Chair.
Miran Sees Crypto as Catalyst for Prosperity Under Trump’s Agenda
The crypto community has shown strong support for Miran, including Michael Saylor, executive chairman of MicroStrategy. In a recent interview with The Bitcoin Layer, Miran criticized the current financial regulatory framework, calling it overly restrictive and a barrier to financial institutions.
He also pointed out the importance of innovation for economic growth, highlighting cryptocurrency’s potential role.
“I think crypto will have a big role in innovation and ushering in a Trump administration economic boom,” he said in the interview.
Milan said on X on Sunday that he looks forward “to working to help implement the President’s policy agenda to create a booming, noninflationary economy that brings prosperity to all Americans.”
@ Newshounds News™
Source: CryptoNews
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TRUMP APPOINTS FORMER COLLEGE FOOTBALL PLAYER, GOP HOUSE NOMINEE BO HINES TO HEAD CRYPTO COUNCIL
President-elect Donald Trump announced that Bo Hines, a former college football player who ran unsuccessfully for the House of Representatives in 2022, to lead his “Crypto Council” as the Executive Director of the Presidential Council of Advisers for Digital Assets.
“In his new role, Bo will work with David [Sacks] to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed,” Trump wrote.
Trump also earlier appointed Stephen Miran to head his Council of Economic Advisers. Miran has previously stated that regulations inhibit innovation in the crypto sector.
In posts on Truth Social Sunday, Donald Trump appointed two new figures as advisers on economic issues.
Foremost of concern to crypto investors, Trump announced on Sunday that Bo Hines, a former college football player who secured the Republican nomination for North Carolina's 13th congressional district before succumbing to his Democratic opponent in the general election, will serve as the Executive Director of the Presidential Council of Advisers for Digital Assets, which Trump refers to as the "Crypto Council."
Trump had previously appointed David Sacks to spearhead crypto and A.I. issues at the White House, and refers to Hines working alongside Sacks in his announcement.
"In his new role, Bo will work with David to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed," Trump wrote. "Together, they will create an environment where this industry can flourish, and remain a cornerstone of our Nation's technological advancement."
Hines received funding in his 2022 Congressional race from pro-crypto PACs, The Block previously reported. Some of the money came from FTX executive Ryan Salame, according to Business Insider, who is currently serving a seven-and-a-half year prison sentence after pleading guilty to charges including conspiring to make unlawful political contributions.
Hines ran in the same district in 2024, but failed to secure the Republican nomination, coming in fourth place with 14.4% of the vote. Republican Addison McDowell later won the district in the general election with 69.2% of the overall vote.
Earlier on Sunday, Trump appointed former Treasury Department official Stephen Miran to chair his Council of Economic Advisers.
"I think financial regulation is excessively burdensome and prevents banks from...lending into the economy as much as they as much as they would. And I think sometimes [that] can really inhibit innovation in areas like the crypto-economy," Miran told podcast The Bitcoin Layer earlier this month.
@ Newshounds News™
Source: The Block
~~~~~~~~~
🎄 Holiday Announcement from the Seeds of Wisdom Team 🎄
As the holiday season approaches, we want to ensure everyone has time to enjoy their families and count their blessings. We will be closing our rooms for a few days during Christmas and New Year's to celebrate and recharge.
Telegram Holiday Hours:
Rooms will remain open for READ Only
Closed: December 23rd - December 25th
Open: December 26th
Closed for New Year's: December 30th
Reopen: January 2nd
Newshounds will continue to post in the Morning Newsletter during the Holidays except on Christmas Day and New Year's Day.
Wishing all of you a joyous holiday season filled with love, laughter, and cherished moments. Enjoy your holidays and see you in the New Year!
@ Newshounds News™
~~~~~~~~~
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“Tidbits From TNT” Monday Morning 12-23-2023
TNT:
Tishwsh Al-Sudani: Iraq has regained its leading role in the region and has become an influential and effective country
Prime Minister Mohammed Shia al-Sudani confirmed today, Sunday, that Iraq has regained its leading role in the region and has become an influential and effective country in its surroundings.
Al-Sudani's office stated in a statement received by "Mil" that "Al-Sudani met in the city of Mosul, today, Sunday, with a group of tribal sheikhs and representatives of the various components and spectrums in Nineveh Governorate . "
TNT:
Tishwsh Al-Sudani: Iraq has regained its leading role in the region and has become an influential and effective country
Prime Minister Mohammed Shia al-Sudani confirmed today, Sunday, that Iraq has regained its leading role in the region and has become an influential and effective country in its surroundings.
Al-Sudani's office stated in a statement received by "Mil" that "Al-Sudani met in the city of Mosul, today, Sunday, with a group of tribal sheikhs and representatives of the various components and spectrums in Nineveh Governorate . "
Al-Sudani stressed his keenness to "meet the sheikhs, dignitaries, religious men and elite of the province's people," indicating that "his visit to Nineveh comes within the government's work methodology to follow up on the affairs of citizens in the various provinces, lay the foundation stone for a number of projects, follow up on work at Mosul International Airport, and set the tenth of next June as the date for its opening . "
The statement continued, "All the projects that were launched today in Nineveh were destroyed by terrorism, and in the days of celebrating Victory Day over the terrorist gangs, we are rebuilding the ruins of the dark era of ISIS and working to launch new projects . "
Al-Sudani confirmed that "a series of infrastructure projects will be launched in the governorate within 30 days, and the second phase of the ring road project will begin to alleviate traffic congestion in the city," stressing that "the wheel of construction and reconstruction in the governorate continues with the solidarity of its people."
The statement explained that "the true image of the Iraqi people triumphed over what terrorism wanted in targeting security and peaceful coexistence among all components and sects," explaining that "the strife of terrorism and the foreign agenda harmed society in Nineveh, and tried to drive a wedge of division among Iraqis."
He pointed out that "Iraq today is on the right track in building a state that respects the citizen, adheres to the constitution, and builds its institutions in a way that meets the aspirations of the citizens," stressing that "Iraq has regained its leading role in the region and has become an influential and effective country in its surroundings . "
The statement pointed out that "Iraq today is putting forward initiatives, solutions and positions that are consistent with the challenges in the region . "
The statement concluded: "We took the initiative to make contacts and visits with sister countries, and launched an initiative to establish security in Syria. We presented an Iraqi paper at the Aqaba Conference in Jordan regarding Syria, and it was welcomed by all brothers . "link
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Tishwash: 2025.. The year of cautious optimism in Iraq
The international economics specialist, Nawar Al-Saadi, revealed, on Saturday, the future financial and economic expectations for Iraq at the beginning of the new year 2025 .
Al-Saadi told Shafaq News Agency, "The future economic and financial expectations for Iraq at the beginning of the new year carry a mixture of optimism and caution, as they depend largely on a set of economic, political and regional factors that directly affect the country's financial and economic stability ."
He added that "international estimates indicate an improvement in Iraq's economic growth rates, according to reports from the International Monetary Fund, which expected the Iraqi economy to grow by 1.4% next year, with an expected increase of 5.3% in 2025. This growth reflects the recovery of the economy after the challenges it faced in the past years, especially after the economic contraction of 2.2% in 2022, and economic growth will be mainly driven by the stability of oil prices and increased investments in non-oil sectors ."
Al-Saadi pointed out that “there are fears of a deterioration in the financial situation due to the expected deficit in the state’s general budget, as the deficit is expected to widen to 7.6% of GDP during the coming year, compared to 1.3% this year. This deficit is attributed to fluctuations in oil prices, which are the main source of government revenues, and the economic situation is further complicated by the heavy dependence on oil, which constitutes about 90% of Iraq’s revenues. Any decline in its global prices could lead to severe financial pressures on the government .”
“Other challenges relate to inflation rates, which are expected to rise slightly to 3.5% in 2025. This rise reflects the effects of financial pressures and internal economic challenges, including higher prices for goods and services as a result of increased production and import costs. In terms of oil production, Iraq is expected to continue to maintain a high level of production, with plans to boost its production capacity to around 4 million barrels per day by the first quarter of 2025. However, the success of these efforts will remain linked to political stability and relations with OPEC, in addition to achieving long-term investments in energy infrastructure, ” he added.
Al-Saadi continued: “With regard to the banking sector, the government seeks to implement structural reforms to improve the efficiency of the banking system and increase transparency. These reforms come within a larger vision to develop the Iraqi economy and diversify sources of income away from excessive dependence on oil .”
The international economics expert concluded his speech by referring to all the aforementioned data, saying that “Iraq may be facing hot economic and financial events at the beginning of the new year, and the main challenge lies in the government’s ability to manage these challenges effectively through balanced financial and economic policies that aim to enhance economic stability and diversify the economy to achieve sustainable growth link
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Tishwash: Politician: Iraq has no fear of Trump reaching the White House
Independent politician Wael al-Rikabi confirmed on Sunday that Iraq will not be negatively affected by the arrival of US President Donald Trump to power in the United States, pointing out that there is an Iraqi desire to arm from new sources other than the United States.
Al-Rikabi said in an interview with Al-Maalouma Agency, “Iraq has nothing to worry about Trump coming to power in the White House or Biden staying, as it is committed to all international agreements and controls in a way that made it a pivotal state, and the visits that the country has witnessed recently are evidence of that," indicating that "Iraq is the focus of attention of all countries for what it possesses of capabilities and energies, and the state of chaos cannot be returned to it, and it has not broken "any official international agreement."
He added, "The process of changing power in America concerns the United States, and there are agreements between us and them, although the United States violated these agreements," noting that "the Americans did not provide Iraq with the sufficient weapons required, such as air defenses, and Washington did not cooperate with successful Iraqi governments in this file.”
He pointed out that "there is a desire in Iraq to arm itself with countries other than the United States after the recent events in the region, and Iraq is currently able to overcome this issue, and the existing weapons make the situation reassuring," noting that "everyone knows the extent of the United States' defense and support for the Zionist entity at the expense of the countries of the region."
It is noteworthy that several representatives and political forces warned of the danger of the Iraqi army's weak armament in light of the events taking place in the region, the latest of which was the control of terrorist groups over Syria and the threat of the Zionist entity to target Iraq. link
Mot .... and now a Christmas - oooooh oooooooh oooooooh
Mot: .. Sum just can't Take a Joke --- LOL
News, Rumors and Opinions Sunday PM 12-22-2024
TNT:
Tishwash: Project to remove zeros from Iran's deteriorating currency
The Iranian government has submitted a bill to the Islamic Consultative Assembly to remove four zeros from the national currency and convert its unit from the rial to the toman.
The government of Masoud Pezeshkian stated that the purpose of preparing this bill and submitting it to parliament is to “reduce the problems caused by chronic inflation and the decline in the purchasing power of the national currency,” which in recent years has led to a significant increase in daily transactions and a “clear decline in the reputation of the national currency” compared to other currencies.
TNT:
Tishwash: Project to remove zeros from Iran's deteriorating currency
The Iranian government has submitted a bill to the Islamic Consultative Assembly to remove four zeros from the national currency and convert its unit from the rial to the toman.
The government of Masoud Pezeshkian stated that the purpose of preparing this bill and submitting it to parliament is to “reduce the problems caused by chronic inflation and the decline in the purchasing power of the national currency,” which in recent years has led to a significant increase in daily transactions and a “clear decline in the reputation of the national currency” compared to other currencies.
Tasnim News Agency reported that this bill was approved by the second government of President Hassan Rouhani in August 2019, and has now been submitted to the parliament as an emergency bill in the fourteenth government.
An attempt is being made to preserve the “reputation” of the national currency by removing four zeros, while the Iranian rial is currently the least valuable currency in the world, and its value continues to decline, as it was exchanged against the dollar for more than 760,000 Iranian rials.
Although removing four zeros from the national currency may make trading easier in the market, the government has not explained how it expects inflation to be reduced by removing four zeros from the national currency. link
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Tishwash: During 2025.. Cautious anticipation of the economic and financial reality in Iraq
Economic expert Ahmed Al-Tamimi confirmed today, Sunday (December 22, 2024), that Iraq is heading towards a cautious situation regarding its economic and financial situation during the year 2025.
Al-Tamimi told Baghdad Today: “Expectations and data confirm that Iraq is facing hot events at the beginning of the new year, and these events will have repercussions and reflections on the country’s financial and economic reality, especially with the imminent assumption of the presidency of the White House by US President-elect Donald Trump, and the fear of imposing some sanctions and financial tightening on Iraq in order to limit the smuggling of the dollar as well as limiting the Iranian role through these economic pressures.”
He added, "There is extreme caution regarding the financial and economic reality of Iraq at the beginning of the new year, especially since the Iraqi economic situation is greatly affected by any security or political event, and for this reason everyone is anticipating the coming days, and this matter has led to a decline in the buying and selling of real estate and other valuable items, for fear of any expected economic and financial shock."
The Parliamentary Finance Committee confirmed last Monday that the situation in Syria does not affect the Iraqi economy or the dollar exchange rate in the local market, noting that “the government and the Central Bank have taken several important measures to confront the security and economic challenges in the country, especially in light of the deteriorating situation in Syria.” link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat Do you realize how long we have been waiting for this news to get off the sole dollar in payments for imports and be done away with these corrupt currency auctions? Yes, Iraq is now officially out of the sanctioned mode of paying for imports...Can the news get any better (other than getting the RV of course…), WOW! WOW! WOW!. Yes, it’s DONE! ...I see this process moving ahead now very nicely.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is talking about the dollar exchange. FRANK: of course they are. That's all they're going to talk to you about. FIREFLY: They're saying the dollar platform is about to stop. They're saying there's a shock that's coming when the platform stops. Then they're saying the dollar will rise because of the demand. We think they are warning to be careful not to use the dollar. That's crazy. We know the dinar will have to go up... FRANK: Yeah, because it's not going to be just 1 to 1 IMO. It'll be maybe a little more than 1 to 1 which means it has more value than the American dollar.
Sovereigns to Rebalance Reserves from Fiat to BTC & Gold in 2025, Price Upside Incoming | Deven Soni
Kitco News: 12-22-2024
Bitcoin has shattered records in 2024, soaring past $106,000 amid growing interest in its role as a strategic reserve asset.
With discussions of a potential U.S. Bitcoin strategic reserve gaining momentum under the Trump administration, the cryptocurrency's future has never been more promising—or uncertain.
Deven Soni, CEO of Matador Technologies, joins Kitco News to unpack the implications for Bitcoin, gold, and the broader financial landscape as we look ahead to 2025.
Soni explains how Matador Technologies is innovating at the intersection of blockchain and precious metals, merging gold with Bitcoin to create groundbreaking digital gold products. We also explore global adoption trends, Bitcoin’s rivalry with gold, and the impact of geopolitical shifts on both assets.
As central banks and investors reevaluate their strategies, this conversation delves into the key risks, opportunities, and scenarios shaping the future of Bitcoin and gold.
Don’t miss this forward-looking analysis of two of the world’s most talked-about assets.
00:00 Introduction
00:37 Bitcoin Reserve
00:58 Global Bitcoin Adoption
03:02 Bitcoin's Impact on the US Economy
03:48 Bitcoin Price Predictions
06:31 Comparing Bitcoin and Gold
10:10 Wall Street's Mixed Reactions to Bitcoin
12:38 MicroStrategy and Bitcoin Investment Strategies
14:33 Gold's Future Amid Bitcoin's Rise
24:01 Matador Technologies: Going Public and Future Plans
33:37 Conclusion
Seeds of Wisdom RV and Economic Updates Sunday Afternoon 12-22-24
Good Afternoon Dinar Recaps,
WHAT ARE COMPRESSED NFTS AND MINTING CNFTS
Understanding compressed NFTs
Compressed NFTs are a type of non-fungible token (NFT) designed to reduce the cost of storing and transacting with NFTs on the Solana blockchain.
With the increasing adoption of NFTs, developers face difficulties maximizing storage and lowering minting costs for these digital assets. The Solana blockchain introduced compressed NFTs (cNFTs) to overcome such challenges.
Good Afternoon Dinar Recaps,
WHAT ARE COMPRESSED NFTS AND MINTING CNFTS
Understanding compressed NFTs
Compressed NFTs are a type of non-fungible token (NFT) designed to reduce the cost of storing and transacting with NFTs on the Solana blockchain.
With the increasing adoption of NFTs, developers face difficulties maximizing storage and lowering minting costs for these digital assets. The Solana blockchain introduced compressed NFTs (cNFTs) to overcome such challenges.
CNFTs are a newer type of non-fungible token that leverages state compression technology to store data more efficiently on Solana. Unlike traditional NFTs, which store all the token’s metadata directly onchain or via external links (like IPFS), cNFTs use Merkle trees to optimize data storage.
In simpler terms, while regular NFTs store individual ownership and metadata records for each token onchain, cNFTs group these records in a highly compressed format. This significantly reduces storage costs and improves transaction speeds.
Although the technology is still in its infancy, it accounts for most NFTs minted on Solana.
Did you know? In March 2023, Crossmint produced the first large-scale mint of compressed NFTs on Solana. Minting 300,000 NFTs the traditional way would cost over $74,000, but with state compression technology, Crossmint reduced this cost to less than $200!
Key features of compressed NFTs
With cNFTs, artists and developers can mint thousands, even millions, of tokens at a fraction of the cost of traditional NFTs, boosting innovation.
Let’s look at some key features and benefits of cNFTs:
Cost efficiency: Minting thousands of compressed NFTs costs only a fraction of what it would for regular NFTs. For instance, as per Solana’s report, about 24,000 SOL are needed to create and mint 1 million traditional NFTs utilizing the traditional metadata route. It is possible to organize cNFTs so that the same setup and mint cost 10 SOL or less. This implies that anyone utilizing NFTs on a large scale may use cNFTs instead of standard NFTs to reduce expenses by more than 1000x. Research by Helius shows cost comparison with and without compression NFTs, as seen below:
Scalability: Designed for high-volume use cases like gaming, social media and metaverse assets, where thousands or millions of tokens might be needed.
Onchain and offchain flexibility: While ownership is tracked onchain, much of the metadata can be stored offchain, further reducing costs without sacrificing utility.
Compressed NFTs offer several key benefits that stand out in the blockchain ecosystem. Their affordability significantly lowers minting and storage costs, enabling creators and businesses to access blockchain technology without financial barriers.
Additionally, cNFTs contribute to greener blockchain practices by reducing storage requirements and, consequently, energy usage. These attributes position cNFTs as a potential game-changer for scalable, eco-friendly and innovative applications.
Did you know? DRiP on Solana has distributed over 4 million free compressed NFTs, making it one of the most accessible NFT platforms for onboarding new users. This innovative approach allows artists to create and share digital art with minimal costs, reshaping how people experience NFTs.
Compressed NFTs vs regular NFTs
While both cNFTs and traditional NFTs aim to tokenize digital assets, their design and use cases differ significantly.
Traditional NFTs are known for their uniqueness and exclusivity, but their minting and storage costs can be prohibitively high for large-scale applications.
Compressed NFTs solve this problem by utilizing state compression, drastically reducing costs and enabling affordable mass production of tokens.
Unlike traditional NFTs, which often store all data onchain, cNFTs offload metadata to offchain systems, maintaining utility while minimizing blockchain storage needs.
Some key differences include:
Regular NFTs are best suited for high-value, one-of-a-kind digital art or collectibles.
Compressed NFTs, on the other hand, excel in scenarios that require high scalability, such as distributing gaming assets or digital collectibles to millions of users.
How to mint cNFTs: A step-by-step guide
CNFTs use state compression and Merkle trees to store data in a compact format.
Minting cNFTs may seem daunting at first, but with the right tools and knowledge, it’s a straightforward process to mint and distribute. While each platform will have its own instructions, here is a general guide to get started on cNFTs:
Step 1: Set up a wallet: Use a Solana-compatible wallet like Phantom or Solflare to manage your funds and interact with blockchain tools.
Step 2: Fund your wallet: Add SOL (Solana’s native cryptocurrency) to cover the cost of minting. CNFTs are highly cost-efficient, so even small amounts are sufficient.
Step 3: Select a minting platform: Platforms like Crossmint, Metaplex and Candy Machine (on Solana) support cNFTs. Based on your project’s scale and features, choose one.
Step 4: Prepare metadata: Define the details of your NFT collection, including artwork, descriptions, attributes and other metadata. Use offchain storage solutions like IPFS if needed.
Step 5: Mint your cNFTs and set up a Merkle tree: CNFTs use Merkle trees to organize data. Most minting platforms automate this process. Follow the platform’s interface to mint your compressed NFTs. Confirm transactions through your wallet, and voila — your cNFTs are live!
Where are compressed NFTs stored?
Unlike ordinary NFTs, in cNFTs, the Merkle root is stored onchain, and the Merkle leaves are stored offchain.
CNFTs leverage a hybrid storage model that balances onchain and offchain storage, ensuring cost efficiency and scalability. Ownership of cNFTs is always tracked onchain, ensuring the authenticity and provenance of the asset.
Still, much of the asset’s metadata, including images or detailed information, is typically stored offchain. This decentralized offchain storage often uses protocols like IPFS to ensure that the data is distributed and can be accessed by anyone.
This combination of onchain ownership with offchain metadata helps to reduce costs significantly, as storing large amounts of data directly on the blockchain can be expensive and inefficient.
In the case of Solana’s cNFTs, the metadata is compressed and stored in a way that drastically reduces the blockchain’s storage needs while maintaining the integrity of the asset’s information.
@ Newshounds News™
Source: CoinTelegraph
~~~~~~~~~
Someone asked in our Living room 'how will we know when the RV will happen?'
Here was the response:
If you have not signed up for the 64 Group I urge you to do so. Salty Toes will try to get everyone signed up into the group so you will receive an email from them when the RV happens. No promises but she does have some contacts. Read her post above.
More about the group in the Seeds of Wisdom Team Newsletter here. And you can go directly to the website to sign up for 64 Group and dont forget to check the box to allow the group to send you an email.
Also Salty Toes will be sending out a Newsletter as well with all the information she has when the time comes. You can subscribe to the Seeds of Wisdom Team Newsletter here: Newsletter
Have a blessed Christmas.❤️
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
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Q & A Classroom Link
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Your Slavery Chains
Your Slavery Chains
The Final Wake-Up Call By Peter B Meyer
The people are slaves to the private bankers. All countries are stuck. They have built their economies on counterfeit money and counterfeit interest rates. Soon they were competing with each other to devalue their currencies in order to prolong the circulation of the fake money, but this futile action yielded nothing.
Private central banks issued the public currency as loans against interest. That is why every nation today is drowning in deliberately created but unnecessary debt. The aim is to enslave the people to the private bankers. This is the cause and reason for ever-increasing taxes and declining economies.
Your Slavery Chains
The Final Wake-Up Call By Peter B Meyer
The people are slaves to the private bankers. All countries are stuck. They have built their economies on counterfeit money and counterfeit interest rates. Soon they were competing with each other to devalue their currencies in order to prolong the circulation of the fake money, but this futile action yielded nothing.
Private central banks issued the public currency as loans against interest. That is why every nation today is drowning in deliberately created but unnecessary debt. The aim is to enslave the people to the private bankers. This is the cause and reason for ever-increasing taxes and declining economies.
In order to perfect their slavery, the rights and freedoms of the people are being taken away step by step. These are the chains of your slavery. People are forced by the government to pay taxes at the risk of being thrown in jail if they refuse to use the bankers’ counterfeit money to pay the interest on it that the bankers demand.
Meanwhile, the central banks try to “tighten the vice” further by creating new money, thereby restarting the whole boom-and-bust cycle.
This is not to say that in a free market no one can experience economic difficulties. Companies and even entire industries will still close down because of changing consumer tastes, new competitors with superior products or bad business decisions. There can even be bubbles in a free market because some investors misinterpret trends as permanent changes in consumer preferences.
But these downturns will be shorter and most will occur in specific industries and markets, not across the economy.
Central bankers; instead of doing the right thing by letting Mr Market set prices and interest rates, you keep repeating your old tune and expecting better results; that is the definition of insanity.
Faced with the next crisis, all central banks will do what everyone expects them to do. They will tighten the screws on savers more than ever. They will buy bonds and cut interest rates, all to pump fake money into bubble markets.
Fiat Debt Money Concept
The ability of central banks to control the uncontrollability of a monetary system based solely on fiat currency is diminishing. Trump openly accused the Fed of this, indicating an erosion of trust and respect for the Fed’s means.
Agreeing to audit central banks and introduce gold and silver as legal tender is the only correct approach. There is no doubt that the people are witnessing the last days of not only all central banks, but more importantly the end of the fiat debt money concept.
Those who know the true nature of this are invited to do all they can to inform others so that today’s crisis leads to a return to constitutional governance structures, the termination of the EU, genuine free markets, sound gold/silver backed money and policies of peace and free trade.
Your Slavery Chains
by Father-Absolute, who loves you immeasurably Accepted by Marta
People are driven into financial slavery by the desire to make money.
Now that we have looked at the extent of people’s dependence on religion and its role in their lives, I would like to talk about a person’s financial dependence, which is no less important in their lives.
Nowadays, few people on earth manage to live completely free from the state, except perhaps wild tribes living in the jungle and rare hermits, which means that almost everyone has to deal with money in one way or another.
How Did The Financial System Come About And Who Was Its Creator?
It appeared on Earth with the appearance of the Draco reptiles, who understood perfectly well the role that money could play in the enslavement of mankind.
It all began gradually: with the replacement of the natural exchange of goods by monetary transactions.
And since money as such had no value, the Draco reptiles resorted to trickery and created an artificial system of payment based on the denominations they created.
What Was A Denomination?
It was a fixed price for a particular product, but one that could vary according to market conditions.
This is the basis of the financial speculation that the representatives of the Draco-Reptiles have always used and still use today.
A clear example of this is food, which has one price in times of peace and good harvests, and a completely different price in times of famine, war or bad harvests.
On the basis of such speculation, financial corporations were created which gradually took over the whole world and began to dictate their terms to entire countries and peoples.
“Money solves everything” was and is their motto.
How many personal human tragedies have been caused by money, not only by its absence, but also by its excess!
How many wars have been unleashed because of the desire to get rich by taking possession of other people’s natural resources and material values!
How Many Temptations They Hide Within Themselves!
And how difficult it is for human beings to find that balance, that golden mean that allows them to live in peace and happiness.
The overwhelming majority of the world’s population, in their desire to earn as much money as possible, voluntarily drive themselves into financial slavery, which we have spoken about more than once.
And this happens because, in parallel with the creation of the financial system, the Draco-reptiles worked hard to create a consumer society, so that the main goal of people would be the acquisition of various goods, sometimes unnecessary, but prestigious.
And they really have succeeded.
https://finalwakeupcall.info/en/2024/12/13/your-slavery-chains/
How a New BRICS Currency may Affect the Dollar
How a New BRICS Currency may Affect the Dollar
Geopolitical Analyst: 12-22-2024
As nations increasingly seek to assert their economic independence, the geopolitical landscape is evolving, with an eye on alternatives to the longstanding dominance of the U.S. dollar. Among the most notable developments in this sphere is the potential introduction of a new currency by the BRICS bloc—Brazil, Russia, India, China, and South Africa.
This article explores how this currency could affect the dollar’s status, international trade, and the broader financial system.
How a New BRICS Currency may Affect the Dollar
Geopolitical Analyst: 12-22-2024
As nations increasingly seek to assert their economic independence, the geopolitical landscape is evolving, with an eye on alternatives to the longstanding dominance of the U.S. dollar. Among the most notable developments in this sphere is the potential introduction of a new currency by the BRICS bloc—Brazil, Russia, India, China, and South Africa.
This article explores how this currency could affect the dollar’s status, international trade, and the broader financial system.
BRICS was founded as a coalition of emerging markets to foster economic cooperation and development. The common aspiration is not merely to compete with the G7 nations but to establish a more balanced global economic framework. In recent years, these nations have been forging closer ties, driven by their mutual interests of reducing reliance on Western economies, particularly the United States.
The idea of a BRICS currency has gained traction, especially as these countries navigate economic sanctions, volatile exchange rates, and the challenges posed by the fluctuating dollar. In 2023, discussions among BRICS nations intensified, with calls for a shared currency aimed at facilitating trade and investment among member states while offering a viable alternative to the dollar.
The U.S. dollar has reigned as the world’s primary reserve currency for decades, accounting for approximately 60% of global reserves. This dominance has afforded the United States substantial advantages, including lower borrowing costs and the ability to impose economic sanctions with relative ease.
A new BRICS currency could disrupt this status quo by encouraging member countries to engage in trade and investment using the new currency instead.
As countries explore alternatives to the dollar, there is potential for a reduction in dollar-denominated trade, which could undermine the currency’s global hegemony.
The emergence of a BRICS currency could induce greater volatility in currency markets. As nations shift their reserves and trading practices toward the new currency, the dollar may experience fluctuations in value.
Commodities currently priced in dollars, such as oil and gold, may find new price benchmarks, leading to further instability in their markets as well. Such volatility could impact not only the U.S. economy but also the global economy at large.
A shift towards a new BRICS currency could exacerbate existing geopolitical tensions. The U.S. has historically wielded its financial clout to influence global politics, and any threat to dollar dominance may prompt a defensive stance. The potential weaponization of the dollar by the U.S.—in the form of sanctions—could push other nations to accelerate the move toward alternatives, thereby solidifying the divide between Eastern and Western powers.
In this context, the introduction of a BRICS currency could be more than just an economic move; it could be viewed as a political statement against perceived Western hegemony.
A BRICS currency could significantly alter global trade dynamics, especially in regions where BRICS nations hold considerable sway. Countries in Asia, Africa, and Latin America may find it advantageous to trade within this new framework, thereby lessening dependency on the dollar. For smaller economies, trading in a BRICS currency could mean lower transaction costs and reduced exposure to the risks associated with dollar fluctuations.
This shift could give BRICS nations more power in setting the terms of trade, establishing new partnerships, and enhancing their influence on the global stage.
The introduction of a BRICS currency is not without challenges. Questions remain regarding its stability, backing, and the mechanisms for implementation. Moreover, member nations would need to overcome significant economic disparities and ensure that the new currency is widely accepted and trusted.
Regardless, the contemplation of a BRICS currency signals a potential seismic shift in the geopolitical landscape. As these nations band together in their quest for economic autonomy, the consequences for the U.S. dollar may be profound.
While the full implications of a new BRICS currency remain to be seen, its potential to challenge the dollar’s supremacy could reshape the global economic order. The world watches with anticipation as BRICS members deliberate their next steps, with the possibility of marking a new era in international finance.
The dollar’s future may very well depend on how effectively the U.S. can adapt to these emerging developments and address the core grievances fueling the push for an alternative currency. Ultimately, the unfolding story of the BRICS currency will be one to watch as it unfolds in the coming years.
Seeds of Wisdom RV and Economic Updates Sunday Morning 12-22-24
Good Morning Dinar Recaps,
XRP LAWSUIT NEWS: EX-SEC LAWYER REVEALS RIPPLE WAS DISCUSSED WEEKLY, PREDICTS POSSIBLE DISMISSAL OF APPEAL
Ripple-SEC closed meeting sparks rumors of potential case dismissal, fueling XRP community's hope for a major rally ahead.
Former SEC lawyer predicts possible XRP case closure, as government shutdowns and RLUSD launch impact Ripple's future prospects.
Good Morning Dinar Recaps,
XRP LAWSUIT NEWS: EX-SEC LAWYER REVEALS RIPPLE WAS DISCUSSED WEEKLY, PREDICTS POSSIBLE DISMISSAL OF APPEAL
Ripple-SEC closed meeting sparks rumors of potential case dismissal, fueling XRP community's hope for a major rally ahead.
Former SEC lawyer predicts possible XRP case closure, as government shutdowns and RLUSD launch impact Ripple's future prospects.
There are rumors that Ripple and the SEC will have a closed meeting, which could lead to a significant development in the XRP case. Speculation suggests that the meeting may result in the case being closed or dropped entirely, with answers expected soon.
A user reacted to this, praising the XRP community for its unwavering perseverance. Despite being wrong many times, the community continues to stay positive and hopeful, showing up every month for updates.
Ex-SEC lawyer Marc Fagel believes the SEC will continue on its current path for now, filing the opening brief as planned. He also pointed out that the new SEC chair could take some time to be confirmed, and it’s possible that they may vote to dismiss the appeal. Though it’s an unusual step, Fagel thinks it’s a possibility if the right people are in charge.
SEC’s Shutdown, RLUSD Live and More
In other news, the SEC is preparing for a government shutdown, which could impact its operations. Government shutdowns and financial instability, like the US government’s debt issues, have added pressure on the market.
Ripple’s RLUSD launch had positive price action initially but has since been impacted by market downturns. Brad Garlinghouse, Ripple’s CEO, believes RLUSD will be big for the company’s future. With SEC’s clarity and possible case dismissal, XRP might be up for a massive rally.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
GOOGLE TO REQUIRE UK CRYPTO ADS TO REGISTER WITH FINANCIAL REGULATOR STARTING JANUARY 2025
The new policy will take effect on January 15, 2025.
Hello, World!
Google has announced a policy update requiring advertisements for digital asset exchanges and wallets in the United Kingdom to register with the Financial Conduct Authority (FCA) before being allowed to run on its platform.
The new policy will take effect on January 15, 2025, the search engine company said in a recent announcement.
Under the updated rules, advertisers offering crypto exchange services or software wallets in the UK must meet specific conditions to promote their products.
UK Crypto Firms Need to Register with FCA
Chief among these is registration with the FCA, ensuring compliance with the country’s financial regulations.
Additionally, Google will permit advertisements for hardware wallets that store cryptocurrency private keys, non-fungible tokens (NFTs), or other digital assets.
However, these hardware wallet providers must avoid offering ancillary services such as buying, selling, or trading digital assets.
While the search giant did not provide additional requirements for hardware wallet ads, it emphasized that all advertisers must adhere to local laws in their targeted regions.
“As a reminder, we expect all advertisers to comply with the local laws for any area that their ads target. This policy will apply globally to all accounts that advertise these financial products,” Google said.
The new policy underscores the growing scrutiny of crypto-related advertisements worldwide as regulators attempt to curb misleading promotions.
In the UK, the FCA recently issued a warning about the Solana-based memecoin and NFT project “Retardio.”
The regulator flagged the project for unauthorized promotions targeting UK consumers, cautioning that investors might face financial losses if the company fails.
Elsewhere, Nigeria’s Securities and Exchange Commission (SEC) has also introduced stricter advertising guidelines for crypto products.
The SEC now requires virtual asset service providers and influencers to secure agency approval before publishing promotional materials.
Google Ads Promotes Fake Crypto Websites
As reported, a sponsored Google ad posing as a link to Sony’s blockchain project, Soneium, was exposed as a cleverly disguised crypto wallet drainer.
In October, a search for “soneium” on Google led users to a phishing site designed to steal crypto assets.
The ad linked to a website with a domain name similar to Soneium’s official site, which appeared as a legitimate yet unfinished landing page for a radiology service based in the UK.
In another incident, a fraudulent cryptocurrency wallet app on Google Play reportedly stole $70,000 from users in a sophisticated scam that has been described as a world-first for targeting mobile users exclusively.
The malicious app, named WalletConnect, mimicked the reputable WalletConnect protocol but was, in fact, a sophisticated scheme to drain crypto wallets.
The deceptive app managed to deceive over 10,000 users into downloading it, according to Check Point Research (CPR), the cybersecurity firm that uncovered the scam.
The scammers behind the app were well aware of the typical challenges faced by web3 users, such as compatibility issues and the lack of widespread support for WalletConnect across different wallets.
@ Newshounds News™
Source: CryptoNews
~~~~~~~~~
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“Bits and Pieces” in Dinarland Sunday AM 12-22-2024
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. 22 Dec. 2024
Compiled Sun. 22 Dec. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Sat. 21 Dec. 2024 TNT Tony: Banks down to the branch level, received a memo saying they were going to be exchanging new currencies, as early as 5:00 today Sat. 21 2024, or this weekend. In Iraq, multiple contractors were paid at a rate of $3.91. Citizens were told that a 10,000 dinar note would now be worth 10 dinars. All T4B must be finished exchanging by December 31, with no exchanges on Christmas Day.
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. 22 Dec. 2024
Compiled Sun. 22 Dec. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Sat. 21 Dec. 2024 TNT Tony: Banks down to the branch level, received a memo saying they were going to be exchanging new currencies, as early as 5:00 today Sat. 21 2024, or this weekend. In Iraq, multiple contractors were paid at a rate of $3.91. Citizens were told that a 10,000 dinar note would now be worth 10 dinars. All T4B must be finished exchanging by December 31, with no exchanges on Christmas Day. https://www.blogtalkradio.com/rayren98/2024/12/20/tntsuperfantastic-conference-call–friday-december-20-2024
Fri. 20 Dec. 2024 Wolverine: “The platforms are closing down right now. The platforms are all loaded with money. It looks like we are crossing the finish line. Have a beautiful, beautiful day. It’s all coming before Christmas.”
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 kicks in.
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Long Term Structured Zim Payout System for Humanitarian Projects: QFS, NESARA, XRP, and Stellar – Redemption Rate = The Amount Paid For Each Zim Dollar…Julian Assange on Telegram
ALERT: The Quantum Financial Revolution is Here! The Structured Payout System stands as the cornerstone of the Quantum Financial System (QFS), offering a transformative approach to managing redemption funds. This intricate system ensures secure, long-term cash flow for humanitarian projects while dismantling the control of traditional banking systems. The Redemption Rate determines the value of your Zim Dollar bonds during the appointment, activating Digital Gold Certificates in the QFS. This process guarantees that your funds are protected and utilized for humanitarian efforts over a term of your choosing, whether 10, 25, 50, 100 years, or beyond, as approved during your Redemption Appointment.
At the heart of this system lies the distinction between the Primary Principal, which calculates the redemption’s total value, and the Secondary Principal, which is the actual amount deposited in your QFS account. Payments are structured as a percentage of the Primary Principal—typically 10% annually—providing consistent funds for your projects. Immediate access to these funds, without waiting periods or external restrictions, ensures flexibility and control. Administered by the Alliance, these funds are safeguarded, securing your financial future against manipulation.
The Quantum Financial System (QFS) is nothing short of a revolution. Built to overthrow the cabal’s stranglehold on global finance, it leverages quantum computing and artificial intelligence to create a decentralized, asset-backed economy. Unlike traditional systems that rely on fiat currencies and central bank policies, the QFS operates on tangible assets like gold, platinum, and oil. Real-time fraud detection powered by quantum technology ensures transparency and security, enabling swift action against any attempted manipulation. This shift represents a new era of financial freedom, where individuals and nations regain control over their financial destinies.
As the world transitions to the QFS, the revaluation of the Iraqi Dinar and the integration of NESARA, XRP, and Stellar signal the dawn of a stable, value-driven economy. The Structured Payout System aligns with this transformation, allowing Sovereigns to secure their futures and plan for long-term humanitarian impact.
The Med Bed technologies further expand the possibilities, making it imperative to choose structured terms wisely, potentially extending beyond 100 years for those dedicated to rebuilding a better world.
The Cabal and their banking puppets are losing their grip as the QFS rises to redefine global finance. This monumental shift empowers humanity, ensuring that financial resources serve the people rather than being tools of oppression. The Structured Payout System and the QFS are instruments of liberation, giving Sovereigns the ability to plan, budget, and execute projects that will shape the next century.
Now is the time to embrace this transformation, setting aside disinformation and focusing on the truths provided by the Alliance. Humanitarians, the future is bright, and the tools for change are within your grasp.
Read full post here: https://dinarchronicles.com/2024/12/22/restored-republic-via-a-gcr-update-as-of-december-22-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat ...we are almost there... According to my CBI contact the new elected US administration is now working with Iraq and has contacted Iraq and so this is also VERY GOOD news at this time. We must be patient and let the process play out... The process does not change only some events along the way to get there in Dr Shabibi’s plan to reinstate...there is one more step to the de-dollarization process and that is to get off the sole de facto peg to the US dollar. This step must take place and soon, VERY SOON! There is no longer a need for it...It’s time to bring the Iraqi dinar to the forefront.
Militia Man The writing is on the wall, Iraq's going to the private sector and we have to see where the pipeline's going to get started again, the oil, salary is going to get localized, they're going to need an exchange rate to take care of all those things, all those contracts, they're going to need a valuation of the country's true effective exchange rate...We're seeing it all right now in real-time. Will it happen in the next few days? Not sure but we're sure looking at some powerful information that we haven't seen before.
Ten Currencies We Are Watching Updates & Exchange Rates
Edu Matrix: 12-22-2024
Ten Currencies We Are Watching Updates & Exchange Rates -In this video from the Edu Matrix channel, we dive into the latest exchange rates and currencies to watch as of December 20th.
Discover how the Vietnamese Dong (VND), Haitian Gourde (HTG), Iraqi Dinar (IQD), and Argentine Peso (ARS) are performing against the USD.
We’ll also highlight the Brazilian Real (BRL), Colombian Peso (COP), and the rising prices of gold, along with Bitcoin's recent volatility. Learn about Turkey's fluctuating Lira (TRY) and the challenges surrounding the BRICS currency plans.
BE CAREFUL! This Is SERIOUS..." The Whole SYSTEM Is COLLAPSING... - Peter Schiff
Economy101: 12-22-2024