We’re on the Verge of a Huge Collapse
We’re on the Verge of a Huge Collapse
Liberty and Finance: 1-6-2024
Veteran market analyst Chris Vermeulen has reiterated his bearish outlook for the stock market, warning of a potential major correction in a recent discussion with Liberty and Finance.
Vermeulen’s prediction comes as the market grapples with key technical levels across various asset classes, suggesting a possible market top.
We’re on the Verge of a Huge Collapse
Liberty and Finance: 1-6-2024
Veteran market analyst Chris Vermeulen has reiterated his bearish outlook for the stock market, warning of a potential major correction in a recent discussion with Liberty and Finance.
Vermeulen’s prediction comes as the market grapples with key technical levels across various asset classes, suggesting a possible market top.
Vermeulen highlighted that January’s market performance often sets the tone for the entire year, and the current signals point towards a significant downturn. He emphasized the importance of closely watching these early indicators, as they can provide valuable insight into market direction.
While acknowledging the current bullish sentiment, Vermeulen cautioned that these highs are unsustainable. He anticipates a period of intense selling pressure across all sectors, potentially triggered by forced liquidations and margin calls.
Vermeulen believes that following this initial panic, these assets will experience strong reversals. Specifically, he is particularly bullish on gold in the long term, predicting a potential price target of $3,500 per ounce. Silver and Bitcoin could also see significant gains once the market stabilizes and the fear dissipates.
Despite the ominous forecast, Vermeulen urged investors to view this potential downturn as an opportunity rather than a cause for panic. He encourages them to prepare a strategy to “buy the dip” and acquire assets at lower prices.
He concluded by advising investors to be patient, stay focused on long-term goals, and not be swayed by short-term market noise. By adopting a strategic approach, investors can navigate the upcoming turbulence and emerge stronger on the other side.
Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 1-7-25
Good Afternoon Dinar Recaps,
BRICS NEWS: BRICS MAKES HUGE ANNOUNCEMENT ON COMMON CURRENCY
The BRICS alliance is working towards the formation of a common currency for trade settlements to sideline the US dollar. Russian Deputy Foreign Minister, Sergey Ryabkov confirmed that the currency is on the table and will be a reality soon. He explained that the bloc is working on payment-clearing mechanisms, which will also include insurance systems for goods and cargo.
He stressed that the BRICS common currency is real and will be unveiled to the world becoming an alternative option to the US dollar. “Not only it exists. It is not hypothetical,” Ryabkov said during a press conference when asked if the currency is a real idea.
Good Afternoon Dinar Recaps,
BRICS NEWS: BRICS MAKES HUGE ANNOUNCEMENT ON COMMON CURRENCY
The BRICS alliance is working towards the formation of a common currency for trade settlements to sideline the US dollar. Russian Deputy Foreign Minister, Sergey Ryabkov confirmed that the currency is on the table and will be a reality soon. He explained that the bloc is working on payment-clearing mechanisms, which will also include insurance systems for goods and cargo.
He stressed that the BRICS common currency is real and will be unveiled to the world becoming an alternative option to the US dollar. “Not only it exists. It is not hypothetical,” Ryabkov said during a press conference when asked if the currency is a real idea.
BRICS Common Currency Will Include Safety Features
The Russian diplomat revealed that the BRICS common currency will include a variety of options to safeguard its users.
The safety mechanisms include: clearing mechanisms, insurance systems, and insurance for the movement of goods and cargo, among other features. Things have moved forward and a real alternative to the US dollar has emerged through the BRICS common currency.
Ryabkov said that once the BRICS common currency is launched, other developing countries will begin settling cross-border transactions with it. “Moreover, the others would join as well. This plan is now on the table and that will be implemented is not a pattern for dollar substitution in all settlements.
It is a pattern for creating an additional circuit for work in conditions when the main and well-known to all dollar channel is failing for reasons beyond the control of BRICS.”
“I would like to add: that the financial pattern as such for all its importance is not enough for the system to function properly. We also need clearing mechanisms, we are also working on them – transaction insurance systems, including insurance for the movement of goods and cargoes, which would also not depend on harmful external influences,” the Deputy Foreign Minister noted on the BRICS common currency.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
RIPPLE WELCOMES 1.7 MILLION NEWLY MINTED RLUSD AHEAD OF BIG DEVELOPMENT
On-chain data shows that Ripple has minted big new RLUSD batch, while almost 7 million were transferred
Data shared by the Ripple Stablecoin Tracker account shows that blockchain behemoth Ripple has created another large chunk of its new product — Ripple USD stablecoin.
This continuation of the RLUSD minting spree has taken place ahead of a major development that is expected to happen later this month.
In the meantime, the same data source has spotted that almost 7 million of these stablecoins have been transferred over the past 24 hours.
Ripple mints millions of RLUSD, 6.7 million moved Ripple Stablecoin Tracker revealed that roughly 16 hours ago, Ripple Treasury minted an impressive stablecoin chunk of 1,790,000 RLUSD.
This amount of RLUSD was created on the Ethereum chain. Previously, when the product was in a private beta, Ripple announced that it intended to use two chains for launching the stablecoin — XRP Ledger and Ethereum chain.
On Jan. 3, as covered by U.Today, Ripple also minted a new batch of 600,000 RLUSD. After that minting took place, the aforesaid data source revealed that during the past 24 hours, approximately 6.7 million RLUSD were transferred in total.
According to the details provided by Etherscan, approximately 1.5 million were moved by major cryptocurrency exchange Bitstamp. A total of 500,000 RLUSD were transferred by Ripple. The rest of the 6.7 million RLUSD mentioned above were shoveled by anonymous whales to unidentified blockchain wallets.
Later this month, Ripple giant is to release an attestation report, which will unveil the composition of the backing assets. So far, Ripple has issued a little less than $80 million RLUSD, having approximately $83 million in reserve to back this stablecoin.
Ripple previously announced that its RLUSD would be audited by independent auditors and promised to release the first attestation report within 30 days of the stablecoin's public launch.
Ripple owns $100 billion in XRP and not going public In a recent interview, Ripple CEO Brad Garlinghouse revealed that the amount of XRP tokens owned by Ripple at the moment surpasses the $100 billion equivalent. He said that it was important when talking about the company valuation. The CEO believes that it is far higher than the $11 billion figure that was reported by Reuters at the start of 2024. Besides, Garlinghouse refuted speculation that Ripple intends to conduct an IPO, adding that this was never a priority.
@ Newshounds News™
Source: U Today
~~~~~~~~~
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
Follow the Timeline
Seeds of Wisdom Team™ Website
Subscribe to Seeds of Wisdom Team™ Newsletter
Thank you Dinar Recaps
News, Rumors and Opinions Tuesday 1-7-2024
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 Tues. 7 Jan. 2025
Compiled Tues. 7 Jan. 2025 12:01 am EST by Judy Byington
Mon. 6 Jan. 2025 Operation Phoenix Hits It’s Peak, JFK Jr. on Telegram:
Starlink Tests Complete, GESARA Wealth Transfer and QFS Ready for the 48-Hour January 2025 Wealth Redistribution Event!
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 Tues. 7 Jan. 2025
Compiled Tues. 7 Jan. 2025 12:01 am EST by Judy Byington
Mon. 6 Jan. 2025 Operation Phoenix Hits It’s Peak, JFK Jr. on Telegram:
Starlink Tests Complete, GESARA Wealth Transfer and QFS Ready for the 48-Hour January 2025 Wealth Redistribution Event!
The climax of Operation Phoenix is upon us. By January 4, 2025, it became evident that we’re part of the most significant financial liberation in history. Trump’s triumph in the 2024 election set the stage for the global rollout of the GESARA framework, heralding a new era of transparency and wealth distribution.
January 2025: The Turning Point This month marks monumental updates: Trump’s alliances have propelled the largest asset recovery and wealth redistribution initiative in history. The crumbling of the old financial order paves the way for a new, people-powered economic structure.
Innovations in Security and Access The Quantum Financial System (QFS) has introduced Quantum Resonance Verification (QRV) to prevent deepstate interference, using harmonic DNA frequencies for flawless identity verification. Additionally, Redemption Centers are now powered by Quantum Energy Nodes (QENs), ensuring they operate off-grid and free from sabotage.
Quantum Vaults and Global Prosperity The Quantum Vaults have amassed over $10 trillion in assets, slated for redistribution under GESARA. The new Global Prosperity Index (GPI) will track and ensure equitable distribution, replacing GDP as the measure of economic success.
The January 2025 Wealth Transfer: A New Beginning On January 25, 2025, the first phase of the wealth redistribution will officially commence, directly benefiting millions and marking the start of real community rebuilding efforts.
The Great Awakening: A New Era With the old guard’s power dissolving, humanity is ascending from the shadows of financial oppression. Under new leadership, the QFS and GESARA are not just reforms; they are the bedrock of a future where prosperity is the norm, not the exception. The upcoming EBS event will unveil truths that will redefine our world. Get ready for the largest wealth redistribution ever witnessed. The revolution is now, and it is irreversible.
On Mon. 6 Jan. 2025 the official Global Launch of Funds took place around the world, marking the start of the Global Registered Asset Redemption Program.
~~~~~~~~~~~~~~~
The US Treasury payment instructions for payment steps are as follows:
First Phase:
1 German Gold Bonds of 1924
2 Zimbabwe Agricultural Checks
3 Yellow Dragons and Phoenixes
Second Phase:
1 Blue Dollar Package
2 Cash Boxes 9 Treaty of Versailles
3 Complete Mother Boxes
4 Chinese Red Dragons
Third Phase:
1 Superpetchilis from 1913 (RAILWAYS)
2 Chinese Agricultural Bonds
3 Other high value coins from Zimbabwe
4 Other Federal Reserve and Mini Chains all.
~~~~~~~~~~~~~
Mon. 6 Jan. 2025 NESARA GESARA BOMBSHELL: …David Wilcock on Telegram
Debt Forgiveness – A Total Financial Reset! All your debts? WIPED OUT! Mortgages, loans, credit card debt—gone! This isn’t a favor; this is justice for decades of financial chaos.
Tax Liberation – The IRS is about to be SMASHED! Say goodbye to the income tax nightmare! NESARA brings in a 14% flat tax on non-essential goods, cutting off the government’s greedy hands from your paycheck!
The Federal Reserve—GAME OVER! The Fed is about to be dismantled. A new, Treasury-backed “Rainbow Currency” will replace the worthless paper dollars, backed by gold, silver, and platinum!
Financial Privacy Restored – NESARA ends the constant surveillance on your finances. No more government control over your money—it’s yours, and yours alone!
Humanitarian Projects – NESARA is launching global humanitarian efforts, with funding that will transform lives worldwide. This is about more than survival, it’s about abundance for all!
Restitution and Redemption – The elites’ stolen wealth will be returned to the people. NESARA will right the wrongs of the past, with restitution for unconstitutional acts and unjust debt.
NESARA GESARA isn’t just a policy—it’s a global reset that will destroy the old world order and give power back to the people. The 30+1 provisions are the blueprint for a global revolution. Are you ready for the explosion?
Read full post here: https://dinarchronicles.com/2025/01/07/restored-republic-via-a-gcr-update-as-of-january-7-2025/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Sandy Ingram Vietnam is entering a phase of strong and steady growth...Experts believe Vietnam's economy will grow a lot in 2025, somewhere between 6.5% to 8%...Their exciting predictions are backed by several things including a recovering real estate market, people spending more money and the government putting a lot of money into infrastructure...
Frank26 Remember that picture Alaq was holding up with the big board [of 1940 1 dinar note]...That is an old picture from 2017 [article]...If you go back and read it, it told the Iraqi citizens they the CBI was starting a mechanism to add value, purchasing power, to their currency. [Now] they showed that same picture from the archives to tell Iraqi citizens they are done, what they started in 2017 they have finished in '24. They are done and we are now going to introduce the lower notes and a new exchange rate. That's why you [Iraqi citizens] are being given [exchange 3-zero note] instructions today...
LIVE! Fed. WARNS OF "STOCK MARKET STEEP DECLINE." JP MORGAN WARNS OF "DOLLAR DEBASEMENT."
Greg Mannarino : 1-6-2024
How Argentina May Become the Freest Country on Earth - Mike Maloney & Alan Hibbard (Part 1)
1-6-2024
In this eye-opening deep dive, we explore Argentina’s astounding economic turnaround after one year under President Javier Milei. Discover how a country once stuck near the bottom of the global economic freedom index is now climbing rapidly, thanks to bold reforms and fiscal discipline that few thought possible.
Hear about the direct correlation between economic liberty and human flourishing—longer lifespans, higher incomes, and happier lives.
We break down the surprising data, the policies that sparked this revolution, and what the rest of the world can learn from Argentina’s unprecedented shift.
Seeds of Wisdom RV and Economic Updates Tuesday Morning 1-7-25
Good Morning Dinar Recaps,
JUST-IN: US CFTC CHAIR ROSTIN BEHNAM TO DEPART ON JANUARY 20
US CFTC Chair Rostin Behnam is reportedly stepping down from his role on January 20, the same date when Donald Trump will sworn in for the Presidential Chair.
▪️US CFTC Chair Rostin Behnam is reportedly stepping down from his role this month.
▪️He is scheduled to depart on January 20, the same date when US SEC Chair Gary Gensler will also step down.
▪️Although no specific reasons are confirmed, speculations soar over a potential change under Trump Administration.
Good Morning Dinar Recaps,
JUST-IN: US CFTC CHAIR ROSTIN BEHNAM TO DEPART ON JANUARY 20
US CFTC Chair (Commodity Futures Trading Commission) Rostin Behnam is reportedly stepping down from his role on January 20, the same date when Donald Trump will sworn in for the Presidential Chair.
▪️US CFTC Chair Rostin Behnam is reportedly stepping down from his role this month.
▪️He is scheduled to depart on January 20, the same date when US SEC Chair Gary Gensler will also step down.
▪️Although no specific reasons are confirmed, speculations soar over a potential change under Trump Administration.
Rostin Behnam, the Chair of the US CFTC, has announced to step down from his post effective January 20, 2025. Interestingly, that is when Donald Trump is scheduled to take over the US Presidential office once his inauguration concludes. While Rostin has not mentioned any specific reason behind stepping down from the post, speculations soar over a change in the horizon.
US CFTC Chair Rostin Behnam To Step Down On January 20
The US CFTC Chair Rostin Behnam is reportedly stepping down from his position on January 20. According to a Reuters report, Behnam is scheduled to exit on the same date as Trump’s inauguration. Interestingly, the US SEC Chair Gary Gensler has also announced his departure on the same date.
@ Newshounds News™
Source: CoinGape
~~~~~~~~~
KAMALA HARRIS CERTIFIES DONALD TRUMP AS NEXT U.S. PRESIDENT, AVOIDING 2021 CHAOS
▪️Kamala Harris officially certifies Trump as 2024 U.S. presidential election winner.
▪️Unlike 2021’s chaos, this years certification process was calm and without any major issues.
▪️Former VP Mike Pence praised Harris for leading a peaceful transfer of power.
In a historic announcement, Vice President Kamala Harris officially certified the results of the 2024 U.S. presidential election. Donald Trump, who supports crypto, is now set to become the next president, with J.D. Vance as vice president. This peaceful announcement was very different from the chaos of January 6, 2021, when the Capitol faced violence during the last certification.
Harris Announces Trump’s Victory
During the certification, Harris, in her role as president of the Senate, declared Trump as the winner with 312 Electoral College votes, surpassing the required 270. She secured 226 votes.
Harris ended her statement by highlighting the importance of the constitutional process that confirmed Trump’s presidency. She said, “This announcement is a sufficient declaration of the elected president and vice president of the United States, starting their term on January 20, 2025.”
Despite losing the election to Trump, Harris maintained a composed look, fulfilling her constitutional duty in front of an energized Republican audience. Meanwhile, her announcement was met with cheers and applause from Republicans.
Previous Certifies Election, Erupted In Chaos
The last time when the U.S. Congress met to certify a presidential election, things turned violent. On January 6, 2021, a group of rioters, fueled by false claims that the 2020 election was stolen from Trump, stormed the Capitol.
They broke windows, fought with police, entered the House chamber, and damaged offices, including then-Speaker Nancy Pelosi’s.
Since that day, over 1,500 individuals have been charged for their roles in the attack. Interestingly, Trump has pledged to pardon many of them once he takes office for his second term as president.
Peaceful Transfer of Power
Unlike the 2021 certification process, which was marred by violence and delays, this year’s proceedings were orderly. Former Vice President Mike Pence, who presided over the 2021 session under immense pressure, praised the peaceful transition.
In a recent tweet post, Pence congratulated Trump and Vance, calling the peaceful transfer of power “a hallmark of our democracy.”
He also commended Harris for her role, stating, “It’s particularly admirable that Vice President Harris presided over the certification of an election she lost.”
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
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
Follow the Timeline
Seeds of Wisdom Team™ Website
Subscribe to Seeds of Wisdom Team™ Newsletter
Thank you Dinar Recaps
“Tidbits From TNT” Tuesday Morning 1-7-2024
TNT:
Tishwash A guarantor of zeroing out crises.. Parliamentary demands to legislate the oil and gas law
The Kurdistan National Union parliamentary bloc called on the federal government, on Tuesday, to expedite and send the oil and gas law to the House of Representatives for study and approval as quickly as possible.
The bloc's spokesperson, Susan Mansour, said in a statement to Al-Maalouma Agency, "The enforcement of the oil and gas law is sufficient to eliminate the problems between Baghdad and Erbil," noting that "the law was very late in being included in the central government."
She added, "The enactment of the law requires political understandings between the governments of Baghdad and Erbil to resolve the outstanding problems between the two parties."
TNT:
Tishwash A guarantor of zeroing out crises.. Parliamentary demands to legislate the oil and gas law
The Kurdistan National Union parliamentary bloc called on the federal government, on Tuesday, to expedite and send the oil and gas law to the House of Representatives for study and approval as quickly as possible.
The bloc's spokesperson, Susan Mansour, said in a statement to Al-Maalouma Agency, "The enforcement of the oil and gas law is sufficient to eliminate the problems between Baghdad and Erbil," noting that "the law was very late in being included in the central government."
She added, "The enactment of the law requires political understandings between the governments of Baghdad and Erbil to resolve the outstanding problems between the two parties."
Mansour pointed out that "there are parliamentary demands for the government to send a draft oil and gas law to the House of Representatives for study and approval in accordance with what is stipulated in the State Administration Coalition Agreement." link
Tishwash: Central Bank Tower and Faw Port on the list of world mega projects for 2025
The British platform “The B1M”, which specializes in the construction sector, has classified the Central Bank Tower project in Baghdad and the Grand Faw Port in Basra among the list of the most prominent mega projects in the world for the year 2025.
The Central Bank Tower project came in eleventh place, while the Grand Faw Port came in tenth place.
This classification reflects Iraq's remarkable progress in the field of architecture and infrastructure on the international scene.
The B1M platform is one of the most prominent channels specialized in covering major construction projects, technological innovations, and modern trends, such as sustainability and smart cities, providing in-depth analyses of the ongoing transformations in the global infrastructure sector. link
***********
Tishwash: Al-Sudani: The Development Road Project will enhance Iraq's power in the region
Prime Minister Mohammed Shia al-Sudani confirmed today, Sunday, that the development road project will enhance Iraq's strength in the region, politically and economically.
During his reception of the Director of the Iraqi Institute for Dialogue, Abbas Radhi Al-Amiri, according to a statement from his office received by "Al-Eqtisad News", Al-Sudani was briefed on the work of the organizing committee for the Seventh Baghdad International Dialogue, whose activities will start on February 22-23, 2025 under the slogan "The Path to Iraqi Development... Alliance of Interests and Geopolitical Stakes", noting that choosing this topic falls within the great Iraqi interest in the project, which gives the country a pivotal role in the regional system as an important point of communication between the East and the West.
According to the statement, Al-Sudani expressed his "sponsorship of this annual international gathering hosted by the capital, Baghdad, which hosts an elite group of the most important decision-makers in the region and the world." link
************
Tishwash: Venezuelan parliament calls on Maduro to seek third term
The President of the Venezuelan National Assembly (Parliament), Jorge Rodriguez, has officially invited the current President of the Bolivarian Republic, Nicolas Maduro, to assume a third presidential term on January 10.
“We confirm the invitation to Nicolás Maduro Moros, who was re-elected president of the Bolivarian Republic of Venezuela on July 28, 2024, to take office on January 10, 2025,” Rodríguez said live on Venezuelan TV during the first plenary session of the parliament this year, held on Sunday.
The inauguration and swearing-in ceremony will take place at 12 noon at the Federal Legislative Palace.
Rodríguez noted that parliament is obliged to “promote the application of the law against Edmundo González [who has declared himself president-elect of Venezuela], if he sets foot on the country’s territory, for treason and usurpation of power,” and also noted that he “will demand that anyone who tries to destabilize the peace in Venezuela be declared persona non grata.”
In the plenary session, Jorge Rodríguez was re-elected president of the National Assembly (parliament) of the Bolivarian Republic.
Venezuela held elections on July 28, which were won by the current head of state, Nicolás Maduro. He received 51.95% of the vote. His main opponent, Gonzalez, received 43.18% of the vote. On election day, opposition leader Maria Corina Machado said Gonzalez's team would not concede defeat in the election. link
Mot: Getting ready for RV
Mot: When Enough is Enough!!!
Seeds of Wisdom RV and Economic Updates Monday Evening 1-6-25
Continuous And Strong Decline Of The Dollar In The Iraqi Markets Against The Dinar
Economy | 05:35 - 06/01/2025 Mawazine News – Baghdad The US dollar exchange rate against the Iraqi dinar fell on Monday in the markets of Baghdad and Erbil, the capital of the Kurdistan Region, with the closing of the stock exchange.
The dollar exchange rate also fell with the closing of the two main stock exchanges in Baghdad, Al-Kifah and Al-Harithiya, to record 151,000 dinars per 100 dollars, while this morning it recorded 151,350 dinars per 100 dollars.
Good Evening Dinar Recaps,
FDIC PUBLISHES CRYPTO ‘PAUSE’ LETTERS INCLUDING USDF CONSORTIUM
In response to freedom of information requests by Coinbase, the Federal Deposit Insurance Corporation (FDIC) published minimally redacted letters sent to banks requesting information about their crypto activities and in most cases asking them to pause activities pending feedback.
Last year, the FDIC’s Office of Inspector General objected that the FDIC had in most cases failed to provide feedback, leaving activities in limbo and impacting innovation.
On behalf of Coinbase, History Associates Inc asserted that the letters demonstrate the FDIC was part of “Operation Choke Point 2.0—a multi-agency effort to de-bank the digital-asset industry.”
With one important exception, these particular letters don’t appear to support the de-banking claim. They reinforce the position of blocking banks from engaging with crypto and public blockchains.
Amongst the 25 letters disclosed, most of the banks wanted to offer their customers the ability to buy Bitcoin via their mobile banking apps. Often times, this was an indirect service to be provided by a third party.
The FDIC objects to public blockchain for USDF payments
By far the longest letter related to a planned blockchain-based fiat payment system to be operated by a consortium of banks. Despite five pages of tightly typed questions, which undoubtedly were answered, that consortium has so far only participated in Regulated Settlement Network simulations.
While the redactions removed the identities of the bank, we can confirm that the letter relates to the USDF Consortium, which originally planned to launch a payment system using a private protocol on the Provenance public blockchain.
On first reading, we suspected the letter related to USDF, because around this time the consortium shifted to a permissioned blockchain approach in a vain attempt to get approval. The use of the term ‘digital markers’ was the final confirmation, given this terminology is specific to USDF.
The letter indicates that the FDIC was interested in the roles of the non bank participants and their involvement in validating transactions. It also had questions about the use of the Hash cryptocurrency and whether banks would need to hold it, although the name ‘Hash’ was redacted.
Given this was before the launch of Fed Now, the FDIC asked the valid question about out of hours liability risks between banks for payments.
SAB 121 – custody One of the most contentious crypto issues has been the SEC’s SAB 121 accounting rule, which prevented banks from providing cryptocurrency custody, although that certainly worked in Coinbase’s favor.
The crypto exchange has dominated custody for ETFs. While it has been claimed SAB 121 was formulated by the SEC without consulting other regulators, in many of the letters the FDIC asks for the bank’s analysis of SAB 121 and it’s applicability. This is a not-so-subtle way of saying, ‘you cannot provide custody’.
Other takeaways
Not all letters were equal. Apart from the USDF letter, there were three that stood out. One bank was being quite pushy, saying that it planned to launch crypto services on a specific date.
It had clearly provided extensive information to the FDIC already. The FDIC’s list of questions was far longer than for other banks, querying every claim the bank made, asking for evidence.
Moving on, when assessing risk, there’s the accounting concept of materiality. In other words, don’t focus on the small, irrelevant stuff. One bank spent $25,000 on an NFT. There were numerous detailed questions about this particular purchase.
Letter number 25 relates to a bank that wanted to provide deposit account services to a stablecoin but was told to wait for feedback. It is the only letter in the group that appears to block banking services. The New York-based bank first wrote to the FDIC a few days after Circle’s USDC stablecoin lost its peg in March 2023, following the collapse of Silicon Valley Bank.
@ Newshounds News™
Source: Ledger Insights
~~~~~~~~~
JUSTIN TRUDEAU RESIGNS, PRO-CRYPTO SUCCESSOR EXPECTED
Canada’s Prime Minister steps aside, crypto rejoices.
Canada’s Prime Minister, Justin Trudeau, who has been historically anti-crypto, resigned today, citing "internal battles" in Canada's governing party.
What’s the Scoop?
▪️Political Fallout: Trudeau’s approval rating is at 22%, and polls suggest his Liberal Party would suffer a major defeat in a snap election, winning just 46 seats to the Conservative Party’s projected 225.
▪️Pro-Crypto Successor: Pierre Poilievre, expected to succeed Trudeau, is a vocal supporter of DeFi and crypto, championing Bitcoin as a hedge against inflation.
Bankless Take
Trudeau’s resignation not only marks the end of his divisive tenure but signals a potential shift in Canada’s crypto policy landscape. While his administration adopted a cautious, and occasionally aggressive stance toward cryptocurrencies, Pierre Poilievre’s pro-crypto outlook could bring a stark contrast.
If Poilevre does becomes his successor, Trudeau’s exit would further amplify the broader global trend of favor shifting towards forward-looking, pro-tech politicians, potentially positioning Canada for greater adoption and innovation under new leadership.
@ Newshounds News™
Source: Bankless
~~~~~~~~~
FIVE CRYPTO COMPANIES GAIN MICA LICENSES ACROSS NETHERLANDS AND MALTA
▪️MoonPay, BitStaete, ZBD, and Hidden Road received MiCA licenses from the Dutch Authority, enabling EU-wide crypto operations.
▪️The Malta Financial Services Authority (MFSA) has also licensed blockchain-based sports and entertainment platform Socios.com
▪️Tether's USDT market cap dropped $2 billion under MiCA, raising concerns though analysts claims USDT will be unfazed by EU setbacks.
@ Newshounds News™
Read more: Be In Crypto
~~~~~~~~~
STABLECOIN SKEPTIC MICHAEL BARR STEPS DOWN AS FEDERAL RESERVE'S VICE CHAIR FOR SUPERVISION AHEAD OF TRUMP INAUGURATION
The Federal Reserve Board has announced that Michael S. Barr is resigning from his position as Vice Chair for Supervision.
In a statement, Barr said he didn’t want a potential dispute over the position in the near future to distract from the Fed’s “mission.”
“The position of vice chair for supervision was created after the Global Financial Crisis to create greater responsibility, transparency, and accountability for the Federal Reserve’s supervision and regulation of the financial system.
The risk of a dispute over the position could be a distraction from our mission. In the current environment, I’ve determined that I would be more effective in serving the American people from my role as governor.”
Barr’s resignation comes less than two weeks before pro-crypto President-elect Donald Trump’s inauguration.
In 2023 during a speech at the Peterson Institute for International Economics, Washington, D.C., Barr warned about the “special risks associated with stablecoins,” advocating for stiffer regulations on the asset class.
Said Barr,
“Stablecoin issuers seek to have—but don’t—some of the same characteristics as federally insured bank deposits. Stablecoin issuers represent that their liabilities can be redeemed on demand at par, a dollar for a dollar. In fact, however, the assets backing the liability can fluctuate in value… The banks we regulate, in contrast, are well protected from bank runs through a robust array of supervisory requirements.
Consider the consequences if a stablecoin not subject to appropriate supervision and regulation were to be adopted as a widespread means of payment, which some stablecoin developers state as a goal. Stablecoins have the potential to scale quickly because of network effects.
An unregulated, unsupervised, deposit-like asset could create tremendous disruptions, not just for financial institutions but for people who might rely on the coin if it were to get wide adoption.
We must learn from the past to ensure that we do not allow for new forms of unregulated private money subject to classic forms of run risk, and with the associated spillovers and systemic implications for households, businesses, and the broader economy.”
@ Newshounds News™
Source: Daily Hodyl
~~~~~~~~~
GEMINI AGREES TO PAY $5M CFTC FINE BEFORE DONALD TRUMP’S INAUGURATION
Gemini Trust Company reaches $5 million settlement with CFTC over Bitcoin futures case, choosing to resolve litigation before the upcoming Trump administration.
▪️The closure of the Gemini case is a huge welcome to the growth during the Trump administration.
▪️The Winklevoss brothers have been consistent in the web3 space for more than 10 years, thus growing a too-tier crypto exchange.
Gemini Trust Company, a New York-based cryptocurrency exchange founded in 2014 by the Winklevoss brothers, has agreed to pay a penalty of $5 million to the United States Commodity Futures Trading Commission (CFTC) to end a long-standing litigation.
The Winklevoss brothers agreed to pay the fine in a joint court hearing on Monday to avoid a trial set to coincide with the inauguration of pro-crypto US President-elect Donald Trump.
Gemini settled the case with the US CFTC without admitting or denying any liability in the case.
In June 2022, the US CFTC filed a complaint in the US District Court for the Southern District of New York against Gemini for issuing misleading statements of material facts regarding the Bitcoin futures product.
According to the US CFTC, Gemini failed to show how it would prevent Bitcoin price manipulation to ensure fair competition for all customers in its BTC Futures Product. However, the Gemini cryptocurrency exchange has opted to end the case ahead of the expected trial on January 21, which would have kickstarted after the much-anticipated inauguration of President-elect Donald Trump.
Furthermore, Gemini cryptocurrency exchange, among other web3 companies, is banking on the upcoming Trump administration to set clearer and better crypto regulations.
Possibly, most of the crypto companies are betting on the new leaders of the US SEC chair and CFTC to drop crypto-related cases, which were orchestrated by the Biden administration.
@ Newshounds News™
Read more: CoinSpeaker
~~~~~~~~~
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
Follow the Timeline
Seeds of Wisdom Team™ Website
Subscribe to Seeds of Wisdom Team™ Newsletter
Thank you Dinar Recaps
Seeds of Wisdom RV and Economic Updates Monday Afternoon 1-6-25
Good Afternoon Dinar Recaps,
BRICS BRAZIL: BRAZIL TAKES OVER THE BRICS PRESIDENCY IN 2025
Country takes the helm of the Global South political and economic cooperation forum,
Starting January 1, 2025, Brazil officially takes the helm of BRICS, the prominent forum for political and economic cooperation among nations of the Global South.
The presidency marks a pivotal moment for the country as it seeks to advance a vision of more sustainable and inclusive global governance, foster deeper economic ties, and mobilize financing to combat climate change.
Good Afternoon Dinar Recaps,
BRICS BRAZIL: BRAZIL TAKES OVER THE BRICS PRESIDENCY IN 2025
Country takes the helm of the Global South political and economic cooperation forum,
Starting January 1, 2025, Brazil officially takes the helm of BRICS, the prominent forum for political and economic cooperation among nations of the Global South.
The presidency marks a pivotal moment for the country as it seeks to advance a vision of more sustainable and inclusive global governance, foster deeper economic ties, and mobilize financing to combat climate change.
BRICS, an acronym representing Brazil, Russia, India, China, and South Africa, has recently expanded its membership to include Saudi Arabia, Egypt, the United Arab Emirates, Ethiopia, and Iran. This enlargement solidifies the group as a central platform for collaboration among developing nations,
Brazil has outlined an ambitious agenda under the theme “Strengthening Global South Cooperation for More Inclusive and Sustainable Governance.” Its presidency will prioritize two main areas: advancing Global South cooperation and reforming global governance structures.
These themes translate into five key priorities:
1. Facilitating Trade and Investment: Promoting economic integration through the development of efficient payment systems.
2. Regulating Artificial Intelligence: Encouraging inclusive and responsible AI governance for development purposes.
3. Addressing Climate Change: Enhancing financing mechanisms to support global efforts, in coordination with the COP30 climate summit.
4. Public Health Collaboration: Strengthening cooperation projects among member countries, focusing on improving public health systems.
5. Institutional Development: Bolstering the internal frameworks of BRICS to ensure effective governance and decision-making.
“If you want to build a better world, a sustainable world, BRICS has to be part of this construction. And it’s important to have an understanding among these countries, because this understanding helps achieve broader agreements [with other nations],” stated Ambassador Eduardo Saboia, Brazil’s BRICS sherpa, in an interview with Agência Brasil.
GLOBAL SOUTH COLLABORATION - The forum’s objectives extend beyond its immediate membership, aiming to enhance economic, political, and social cooperation while increasing the influence of Global South nations in international governance.
Ambassador Saboia highlighted the importance of mutual understanding among BRICS members, noting that the group’s diversity is a strength. “These countries, with their distinct political systems and unique challenges, come together annually, fostering solutions that benefit their populations,” he emphasized.
EXTENSIVE AGENDA - As the host nation, Brazil will oversee the organization and coordination of more than 100 meetings, starting in February and continuing through July in the capital, Brasília.
These gatherings will bring together officials, policymakers, and experts to deliberate on the presidency’s priorities.
The discussions will culminate in the BRICS Summit, scheduled tentatively for July in Rio de Janeiro, where heads of state and government will chart the bloc’s future course. Brazil’s mandate will run until December 31, 2025.
ROTATIONAL LEADERSHIP - The BRICS presidency rotates among member states in the order of the acronym, but with the inclusion of new members, the bloc is expected to revisit its rotational formula. The changes reflect BRICS’ evolving dynamics as it continues to adapt to the shifting geopolitical landscape.
@ Newshounds News™
Source: Brazil Gov
~~~~~~~~~
BRICS NEWS: INDONESIA OFFICIALLY JOINS AS FULL MEMBER
In a move that showcases a further expansion of the economic alliance, the BRICS bloc has welcomed Indonesia as a full member. Indeed, Brazil announced that the country would be joining the collective, according to a Reuters report.
Moreover, the move takes place as the South American nations commences its opportunity to take over the groups rotating presidency for 2025.
Brazil has stated that Indonesia has been accepted after its application bid was accepted during the group’s 2023 annual summit. The Asian nation has requested its acceptance be halted amid presidential elections last year, where Prabowo Subianto was officially elected. Now, Indonesia has become the 10th member of the growing economic group.
Indonesia Officially Joins BRICS as Full Member Ahead of Crucial 2025
Over the last two years, the BRICS economic alliance has emerged as a key global economic and geopolitical presence. The group was formed through the promising potential of Brazil, Russia, India, China, and South Africa more than two decades ago. Yet, it was not until recently that it embraced its status and sought to increase its position on the world’s stage.
Another key part of that pursuit has taken place today. Indeed, the BRICS bloc has reportedly welcomed Indonesia as a full member of the growing economic alliance. The country is set to join the group after being approved for entry in 2023. Moreover, it has long sought to be included in the growth prospects being derived by the global south.
“Indonesia shares with the other members of the group support for the reform of global governance institutions and contributes positively to the deepening cooperation of the global south,” 2025 BRICS President Brazil said in a statement.
The country is joining the bloc on the precipice of an immensely important year. US President-elect Donald Trump has not been shy of its issue with the group. Earlier this year, he warned of the imposition of 100% tariffs on nations seeking to ditch the US dollar.
He specifically targeted BRICS, noting the development of their own alternative currency. Whether or not those plans will continue remains to be seen. The bloc appears to be facing increased dissension from the United States’ shift this year.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
RIPPLE ADVOCATE DEATON STRESSES IMPORTANCE OF REGULATORY CLARITY FOR RIPPLE IN US
The CryptoLaw founder and major Ripple advocate John Deaton has shared his reflections on the Ripple CEO’s recent statement about Ripple rapidly expanding in the U.S. since early November, offering a universal solution for Ripple and other crypto companies’ growth in the U.S.
American crypto business suffers from lack of regulatory clarity: Deaton
In his tweet, John Deaton quoted Ripple chief executive Brad Garlinghouse, who said that since a pro-crypto president-elect won in early November, over the last six weeks of 2024, Ripple has signed more deals in the U.S. than during the previous half-year.
Deaton underscored that it is “impossible to estimate damage” suffered by Ripple and other cryptocurrency businesses headquartered in the U.S. due to the lack of regulatory clarity for the crypto industry.
The Ripple advocate admitted that he has encountered many crypto businesses whose teams would say that they prefer to avoid the U.S. market and not to offer anything to U.S.-based investors.
Simple solution to many of these problems, per Deaton
The CryptoLaw founder reminded the community about the “gross government overreach and selective enforcement” that Ripple had to struggle with in court for approximately four years, defending itself against the SEC and its chairman, Gary Gensler, who is to step down from his position at the end of January.
Ripple scored two big victories, in July 2023 and then in late 2024, as it proved that XRP was not a security (on the secondary markets) and reduced the $2 billion fine demanded by the SEC down to $125 million. Deaton stressed that, aside from the issue of regulatory clarity, the cryptocurrency space also suffers from excessive regulations that “continue to stifle innovation” within the country.
The only solution to many of the issues mentioned by Deaton is the elimination of bureaucracy — of the red tape that rules in the U.S. He offered the situation with the housing shortage crisis in the country as an example, and the necessity to wait for “two years to pull necessary permits.”
Ripple advocate Deaton hopes that the new president's administration will make that happen and solve the problem at least partly — and not only for the crypto industry, causing a “ripple effect. Hopefully, we will see a Ripple effect (pun intended) throughout industries, caused by the excitement of a new administration.”
@ Newshounds News™
Source: U Today
~~~~~~~~~
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
Follow the Timeline
Seeds of Wisdom Team™ Website
Subscribe to Seeds of Wisdom Team™ Newsletter
Thank you Dinar Recaps
More News, Rumors and Opinions Monday Afternoon 1-6-2024
KTFA:
Clare: Interior: "Your Card at Home" service will be activated soon and will include all Iraqis
1/5/2025 Baghdad - WAA
The Ministry of Interior announced, today, Sunday, that about 9 million people will be registered for the national card during 2024, while indicating that the "Your Card at Your Home" service will be activated soon and will include all Iraqis.
The Director General of the Unified National Card Department, Major General Ahmed Al-Maamouri, told the Iraqi News Agency (INA): "The year 2024 witnessed many achievements regarding our directorate, as its name became the Directorate of Nationality and Civil Information instead of the Directorate of National Card Affairs," indicating that "8 million, 848 thousand and 27 people were registered in the civil information system for the national card during 2024."
KTFA:
Clare: Interior: "Your Card at Home" service will be activated soon and will include all Iraqis
1/5/2025 Baghdad - WAA
The Ministry of Interior announced, today, Sunday, that about 9 million people will be registered for the national card during 2024, while indicating that the "Your Card at Your Home" service will be activated soon and will include all Iraqis.
The Director General of the Unified National Card Department, Major General Ahmed Al-Maamouri, told the Iraqi News Agency (INA): "The year 2024 witnessed many achievements regarding our directorate, as its name became the Directorate of Nationality and Civil Information instead of the Directorate of National Card Affairs," indicating that "8 million, 848 thousand and 27 people were registered in the civil information system for the national card during 2024."
He added, "The total number of registrants since the beginning of the project in 2015 to date has reached 42 million, 81 thousand and 166 people in the civil information system," noting that "the year 2024 witnessed the opening of central registration sites in Baghdad and all governorates, which numbered 19 registration centers."
He stressed that "these centers will allow citizens to register for the national card and record all the vital facts of themselves and their families, regardless of their place of residence or place of registration," noting that "this procedure has effectively ended the procedures for transferring citizens' populations between governorates due to the lack of need, and has made it much easier for citizens through this service by reducing the effort and financial burdens by visiting other governorates where their place of registration is."
He explained that "there is no need to transfer citizens' records or records between governorates, as long as these registration sites have been opened in all governorates of Iraq," noting that "the service of your card in your home will be activated this year, meaning that the citizen who wishes not to go to the department in which he is registered, the national card issued to him will be delivered to his home."
He stated that "this service will be activated during this year and will be available to all citizens," explaining that "the mobile station service that was launched in 2024 was provided by 23,247 citizens, and also witnessed the provision of 7,823 citizens from those lying in hospitals as well as shelters, social care, the elderly and orphanages." LINK
************
Clare: The Iraqi dollar and the first day “passed peacefully”.. The Central Bank is innocent and devoted to the dinar
1/5/2025
“The first day passed peacefully,” said Dr. Mahmoud Dagher, a prominent financial expert, commenting on the first day of official work after the New Year’s holiday and the start of implementing the decision to cancel the dollar selling platform for traders and companies, which had been controversial for 20 years. Since Sunday morning, there has only been a slight increase in the dollar price.
According to Dagher, who managed the operations of the Central Bank for many years, the platform’s function has changed from being a seller of dollars to Iraqi companies, to an intermediary between Iraqi banks and foreign correspondent banks (JP Morgan and Citibank),
Which will be responsible for auditing and approving the transfers, instead of the Central Bank of Iraq, which has cleared its responsibility in this way according to an understanding with international institutions and the US Federal Reserve, and is currently devoted to taking dinars from Iraqi traders and converting them into dollars to be transferred to foreign banks that have begun to organize Iraqi trade.
Canceling the platform does not mean that the Central Bank is not converting dinars into dollars.
The Central Bank receives the dinar from the banks, which is the money of the customers (traders), and converts it into dollars and delivers it to the foreign correspondent banks. It will not undertake the auditing, but they will undertake that.
The currency selling window will remain, but its mission will not be to sell dollars but to convert dinars into dollars, and there was no problem in the market today, Sunday, although the dollar rose very slightly. LINK
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man To be a global economic powers [Iraq's] exchange rate will need to be far different than 1310. It's just the way it's going to be. They haven't done anything yet. They're hiding things when it comes to that.
Frank26 [Iraq boots-on-the-ground report] FIREFLY:Mr Sammy says everything is in place in his eyes. The only thing Mr. Sammy thinks we need is for Iraq to reveal a new rate to show and back the stability of the dinar as a new global currency. FRANK: Yes sir Mr. Sammy because that's what the contractors are waiting for.
Jeff The currency auctions prior to the beginning of November were averaging around $250 million daily...Since November... they've remained elevated about $280 to $300 million daily...They're emptying their coffers of the US dollar prepping to revalue.
Seeds of Wisdom RV and Economic Updates Monday Morning 1-6-25
Good Morning Dinar Recaps,
RIPPLE SEC CASE: EX-SEC LAWYER AFFIRMS SETTLEMENT IN XRP LAWSUIT
Ripple SEC Case: Ex-SEC lawyer Marc Fagel claims settlement is likely in XRP lawsuit as Trump admin and Paul Atkins may decide not to pursue the appeal.
▪️Former SEC enforcement lawyer Marc Fagel says Ripple SEC case will see a settlement.
▪️He explained that settlement is require due to penalty on hold pending appeal.
▪️Lawyer Jeremy Hogan has predicted an April or May timeline for XRP lawsuit end.
▪️Ripple and XRP will get required boost under the Trump admin and incoming SEC Chair Paul Atkins.
Good Morning Dinar Recaps,
RIPPLE SEC CASE: EX-SEC LAWYER AFFIRMS SETTLEMENT IN XRP LAWSUIT
Ripple SEC Case: Ex-SEC lawyer Marc Fagel claims settlement is likely in XRP lawsuit as Trump admin and Paul Atkins may decide not to pursue the appeal.
▪️Former SEC enforcement lawyer Marc Fagel says Ripple SEC case will see a settlement.
▪️He explained that settlement is require due to penalty on hold pending appeal.
▪️Lawyer Jeremy Hogan has predicted an April or May timeline for XRP lawsuit end.
▪️Ripple and XRP will get required boost under the Trump admin and incoming SEC Chair Paul Atkins.
The Ripple SEC case is in debate again as the deadline for the U.S. Securities and Exchange Commission (SEC) to file its initial brief approaches.
A former US SEC lawyer said the parties will likely settle as ruled earlier by Judge Analisa Torres. The incoming Donald Trump administration and SEC Chair Paul Atkins may decide to not pursue the appeal in XRP lawsuit.
Ex-SEC Lawyer Says Settlement in Ripple SEC Case Most Likely
Marc Fagel, a former SEC enforcement attorney, on January 6 posts explained to the crypto community that the government agency didn’t lose, but won in part and lost in part. This requires a settlement between parties as both Ripple and SEC appealed the part they lost.
“Because both parties appealed the part of the case they lost. So the penalty is on hold pending appeal,” he added. The court ordered Ripple to pay $125 million in penalty for $700 million in unregistered securities sales to institutional investors.
Marc Fagel asserts the odds of new SEC administration deciding not to pursue the appeal is higher, which will make parties settle Ripple SEC case on what the court ruled. However, he affirmed that the SEC under Gary Gensler will file appeal by January 15.
Pro-XRP Lawyer Expect May End Timeline for XRP Lawsuit
As reported first by CoinGape Media, lawyer Jeremy Hogan has predicted an April or May timeline for the end of the Ripple SEC case. He added that the decision may not come before that as it takes a lot of time to get reports, memos, requisite SEC meetings and others.
Today, he again commented that Paul Atkins will definitely drop the appeal and settle with Ripple to end XRP lawsuit in 2025.
What’s Next Under Paul Atkins?
Experts and the crypto community believe the end of Ripple SEC case will boost the odds for XRP ETF approval. This may also trigger a rally in XRP price.
CEO Brad Garlinghouse in a post on Sunday criticized the SEC under Gary Gensler saying the actions “froze our business opportunities here at home for years.” He highlights that 75% of Ripple’s open job roles are now US-based and the company has signed new deals in the U.S. in the last six weeks.
“Team Trump is already jumpstarting innovation and job growth in the US with Scott Bessent, David Sacks, Paul Atkins and others at the helm, and they aren’t even in office yet! Say what you want, but the “Trump effect” is already making crypto great again.”
Meanwhile, analysts expect XRP price to see another rally to double-digit figures, similar to a 400% rally after Trump’s re-election.
In short-term, XRP price to consolidate at the current range for weeks and then rally towards a new all-time high, as per analyst CrediBULL Crypto. “Currently trading at around where I closed my last long. We’ve taken some liquidity above us into local supply. Currently eye-ing up the orange zone for another potential long trade,” he predicted.
@ Newshounds News™
Source: CoinGape
~~~~~~~~~
PRO-CRYPTO LAWYER JOHN DEATON OFFERS TO PROBE OPERATION CHOKEPOINT 2.0
Not investigating Operation Chokepoint 2.0 would create a dangerous precedent where regulatory bodies can suppress whoever they disfavor, Deaton stressed.
Former United States prosecutor and crypto advocate John Deaton has offered the incoming Trump administration to lead a probe into Operation Chokepoint 2.0 — an unconfirmed initiative that allegedly attempted to cut crypto companies from the traditional banking system.
“If these actions go unchallenged, it creates a dangerous precedent where regulatory bodies can quietly suppress entire industries they disfavor, stifling innovation, competition, and economic opportunity,” Deaton said in a Jan. 4 X post addressed to incoming United States President Donald Trump, Vice President JD Vance and Department of Government Efficiency leaders Elon Musk and Vivek Ramaswamy.
“This isn’t just a fight for crypto, it’s a fight against the erosion of institutional integrity and the unchecked power of unelected bureaucrats,” Deaton said in the X post, which was also addressed to Secretary of Commerce Howard Lutnik and David Sacks, who will lead Trump’s AI and crypto “czar.”
Deaton, well-known for his efforts in Ripple’s legal battle with the Securities and Exchange Commission, said he would even “accept the task without salary.”
“The American people deserve the truth a hell of a lot more than I or anyone else needs another taxpayer funded paycheck.”
His offer followed a court order allowing crypto exchange Coinbase to obtain unredacted files from the Federal Deposit Insurance Corporation to investigate their role in the unconfirmed Operation Chokepoint. 2.0 regime.
“They show a coordinated effort to stop a wide variety of crypto activity — everything from basic BTC transactions to more complex offerings,” Coinbase’s chief legal officer Paul Grewal explained after reviewing the filings.
The alleged “architect” of Operation Chokepoint 2.0, Martin Gruenberg, resigned as the FDIC Chair in November.
The regime refers to a rumored and unconfirmed US government initiative to pressure banks into refusing or limiting services to crypto firms, which possibly caused crypto exchanges like Binance to be without a local banking partner after Silvergate and Signature Bank both collapsed in March 2023.
Deaton’s new endeavor comes after he lost a Massachusetts Senate seat to Democrat Senator Elizabeth Warren in the US election on Nov. 5.
The landslide victory in Warren’s favor came before two heated senate debates where Deaton called out Warren for building an “anti-crypto army” instead of prioritizing issues impacting the lower and middle class in the state.
@ Newshounds News™
Source: CoinTelegraph
~~~~~~~~~
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
Follow the Timeline
Seeds of Wisdom Team™ Website
Subscribe to Seeds of Wisdom Team™ Newsletter
Thank you Dinar Recaps
News, Rumors and Opinions Monday AM 1-6-2024
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. 6 Jan. 2025
Compiled Mon. 6 Jan. 2025 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Mon. 6 Jan. 2025: The Quantum Financial System (QFS) will officially (allegedly) be activated Worldwide. This secure, transparent and decentralized system will (allegedly) replace the old banking structure, ensuring fairness and equality for all …Nesara/Gesara on Telegram 5 Dec. 2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 6 Jan. 2025
Compiled Mon. 6 Jan. 2025 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Mon. 6 Jan. 2025: The Quantum Financial System (QFS) will officially (allegedly) be activated Worldwide. This secure, transparent and decentralized system will (allegedly) replace the old banking structure, ensuring fairness and equality for all …Nesara/Gesara on Telegram 5 Dec. 2024
Iraqi Dinar to be active on the Forex on Tues. 7 Jan. 2025: https://x.com/majeed66224499/status/1875532508734832660?s=57
Sun. 5 Jan. 2025 Norman: An international banker has confirmed that Iraq Banks are online and the World will experience an economic shift by Mon. 20 Jan. 2025: https://x.com/BROTHERSTE27892/status/1875605603629871510?t=f4Bvl7BfLj9u20UE0GDdtQ&s=19
Sat. 4 Jan. 2025: CBI has stopped auctions, Dinar Rate has stabilized: Iraqi Dinar Iraqi Dinar Rate Stability and RV Done Now Iraqi Dinar Latest News Iraqi Dinar Today
Sat. 4 Jan. 2025 MAJEED: The CBI will be back on Tues. 7 Jan. 2025 after the reevaluation (allegedly) happens! … to manage liquidity for the currency after being on Forex like India and Egypt. “The Authority emphasizes its efforts to regulate the market, enhance transparency, and foster public and private sector participation. The event marks the beginning of a promising year for the Iraqi stock market.” All that happening on Tues. 7 Jan. 2025. And no, they do not have to wait for the stock market to open because Forex is an international market that does not depend on the stock market of the country to be open. They already adjusted the payroll and they will start paying the salaries on Sun. 5 Jan. 2025 based on the new rate. If people getting less money without knowing that rate has changed inside the country, they will go insane, so the government will announce. https://x.com/majeed66224499/status/1875532508734832660?s=46&t=Ich7hg6RGbObSjhen7byaw
On Mon. 6 Jan. 2025 the Quantum Financial System (QFS) will officially be activated Worldwide.
Thurs. 2 Jan. 2025 Frank26 and WalkingStick: Iraq’s foreign minister was in DC and gave the new Dinar Rate to the US Treasury. The US has now been paid in full and has lifted the remaining sanctions on the Iraqi Banks!
Sun. 5 Jan. 2025: BQQM! Declassification of Information: NESARA GESARA, White Hats, Quantum Financial System (QFS), and Banking Cartels! – amg-news.com – American Media Group
Read full post here: https://dinarchronicles.com/2025/01/06/restored-republic-via-a-gcr-update-as-of-january-6-2025/
***********
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man They say today the exchange rate is 1320 dinar for every dollar. That is the true exchange rate however that will change to an international acceptable exchange rate when the Central Bank applies the new exchange rate to be on international Forex markets. They're preparing for that to happen before our eyes with the [new] reinforcement mechanism...They have switched from the old dollar auction system...
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Mr. Sammy just left my place. He told me, I want you to understand that what we are seeing on TV right now about bringing in the notes, it's like a clean sweep to get the old notes out, the damaged notes back and the counterfeit notes off the street before the rate hits. This will allow all these notes collected to get into the electronic system...Mr Sammy says we are officially category A currency now...It was category C which was less desirable ... That was required also for the WTO introduction...All these smaller exchange companies that have recently been licensed are now being linked to the big boy exchange companies. That all leads to something big is coming. FRANK: Yes, something big is coming...
GLOBAL COLLAPSE Accelerates: Happening Faster Than They’ll Admit
Taylor Kenny: 1-5-2024
Global economic collapse is accelerating, with debt, market volatility, and geopolitical tensions pushing us to the brink. In this video, we examine the three critical driving forces behind this crisis: unsustainable debt, market speculation, and rising global instability.
CHAPTERS:
00:00 The Global Economic Collapse is Accelerating
00:37 Driving Force 1: Unsustainable Global Debt
01:52 The U.S., China, and France: Debt Crises Unfold
02:26 Driving Force 2: Market Volatility and Illusion of Growth
04:51 Dangerous Market Concentration Signals a Crash
05:24 Driving Force 3: Geopolitical Tensions and Dollar Threats
07:42 Take Action Before It’s Too Late
BRICS Silver BOMBSHELL Puts Commercial Banks ON BRINK of Collapse! - Andy Schectman
Financial Wisdom: 1-5-2024
In this latest interview, Andy Schectman discusses how eight Western commercial banks maintain massive short positions in silver (particularly on COMEX and LBMA) while Russia, China, and India are strategically accumulating physical silver, with Russia recently announcing plans to add silver to its national stockpile.
He argues that silver is a strategic metal crucial for military applications and high-tech weapons, suggesting that these coordinated actions by BRICS nations to drain global silver exchanges, combined with a four-year structural supply deficit, pose an existential threat to Western banks holding large naked short positions.
0:00 Introduction
0:12 Russia acquiring silver and impact on banks
9:01 Military demand for silver
14:44 Commercial banks shorting silver
“Tidbits From TNT” Monday Morning 1-6-2024
TNT:
Tishwash: Iraq and America discuss activating the strategic framework agreement
Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein discussed with the Chargé d'Affaires of the US Embassy in Iraq, Elizabeth Kennedy Trudeau, preparations for holding a meeting of the Iraqi-US Joint Committee to activate the Strategic Framework Agreement.
Hussein said in a post on the (X) platform, "Yesterday, I met with Ms. Elizabeth Kennedy Trudeau, Chargé d'Affairs of the US Embassy in Iraq. We reviewed the developments in the region and the importance of continuing to coordinate positions, especially in confronting the terrorist organization ISIS."
TNT:
Tishwash: Iraq and America discuss activating the strategic framework agreement
Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein discussed with the Chargé d'Affaires of the US Embassy in Iraq, Elizabeth Kennedy Trudeau, preparations for holding a meeting of the Iraqi-US Joint Committee to activate the Strategic Framework Agreement.
Hussein said in a post on the (X) platform, "Yesterday, I met with Ms. Elizabeth Kennedy Trudeau, Chargé d'Affairs of the US Embassy in Iraq. We reviewed the developments in the region and the importance of continuing to coordinate positions, especially in confronting the terrorist organization ISIS."
He added, "We discussed preparations for holding a meeting of the joint Iraqi-American committee to activate the strategic framework agreement for friendship and cooperation between the two countries link
Tishwash: The Iraqi dollar and the first day “passed peacefully”.. The Central Bank is innocent and devoted to the dinar
Quick review by Mahmoud Dagher
“The first day passed peacefully,” said Dr. Mahmoud Dagher, a prominent financial expert, commenting on the first day of official work after the New Year’s holiday and the start of implementing the decision to cancel the dollar selling platform for traders and companies, which had been controversial for 20 years.
Since Sunday morning, there has only been a slight increase in the dollar price. According to Dagher, who managed the operations of the Central Bank for many years, the platform’s function has changed from being a seller of dollars to Iraqi companies, to an intermediary between Iraqi banks and foreign correspondent banks (JP Morgan and Citibank)
Which will be responsible for auditing and approving the transfers, instead of the Central Bank of Iraq, which has cleared its responsibility in this way according to an understanding with international institutions and the US Federal Reserve, and is currently devoted to taking dinars from Iraqi traders and converting them into dollars to be transferred to foreign banks that have begun to organize Iraqi trade.
Dr. Mahmoud Dagher - Economic Expert:
Canceling the platform does not mean that the Central Bank is not converting dinars into dollars.
The Central Bank receives the dinar from the banks, which is the money of the customers (traders), and converts it into dollars and delivers it to the foreign correspondent banks. It will not undertake the auditing, but they will undertake that.
The currency selling window will remain, but its mission will not be to sell dollars but to convert dinars into dollars, and there was no problem in the market today, Sunday, although the dollar rose very slightly. link
************
Tishwash: Economist: New steps by the Central Bank regarding dollar transactions
Economic expert Safwan Qusay revealed today, Sunday, that there are new steps by the Central Bank to enhance transparency and global openness.
Qusay said in a statement to Al-Maalouma Agency that “the Central Bank of Iraq and the US Federal Reserve are moving towards authorizing Iraqi banks to contract with international auditing companies, instead of relying on the dollar selling platform alone, with the aim of auditing credits and transfers before they are implemented."
He explained that "this measure is in the interest of the Central Bank, as it contributes to avoiding the risks of money laundering cases and international sanctions," noting that "this step is a turning point that contributes to drawing a clear map for the work of Iraqi banks on the global stage, as they will deal with international correspondents and financial guarantees in addition to instant transfers, which enhances their position in global markets.”
He pointed out that "it is possible to rehabilitate banks that are currently facing restrictions, which will lead to achieving greater stability in the exchange rate," indicating that "the Central Bank attaches special importance in the next stage to increasing foreign currency reserves, which contributes to facilitating trade operations and supporting economic activity.” link
Mot: Did He Really Say That!!! ?????
Mot: Only "'Opal""
