Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Tuesday Evening 2-11-25

Good Evening Dinar Recaps,

AFTER PAUSING BRICS, SAUDI ARABIA INVESTS $600 BILLION IN THE US

Saudi Arabia was invited to join BRICS in 2023 but the Kingdom is yet to provide a decision on accepting the invitation. It has kept the decision to join the alliance on hold as it’s conducting business deals with the US

The Kingdom of Saudi Arabia is reluctant to join BRICS as it needs the support of the US and other Western countries to fulfill its Vision 2030 mission. Ending reliance on the US will only hamper its financial prospects and lead to economic stagnation.

Good Evening Dinar Recaps,

AFTER PAUSING BRICS, SAUDI ARABIA INVESTS $600 BILLION IN THE US

Saudi Arabia was invited to join BRICS in 2023 but the Kingdom is yet to provide a decision on accepting the invitation. It has kept the decision to join the alliance on hold as it’s conducting business deals with the US

The Kingdom of Saudi Arabia is reluctant to join BRICS as it needs the support of the US and other Western countries to fulfill its Vision 2030 mission. Ending reliance on the US will only hamper its financial prospects and lead to economic stagnation.

Therefore, after pausing BRICS, Saudi Arabia plans to invest $600 billion in the US over the next four years. Crown Prince Mohammed bin Salman told US President Donald Trump that the Kingdom wants to invest the amount and expand trade. MBS said that the investments would create “unprecedented economic prosperity” for Saudi Arabia and the US.

However, the Kingdom did not detail in which sector the $600 billion will be invested. They did not make it clear if it would be invested in the private or public sector and provided little to no information on how the money would be deployed. The US investments are closely watched by BRICS as the alliance wants Saudi Arabia to join the grouping.

BRICS: Saudi Arabia To Invest $600 Billion in the US

The Crown Prince of Saudi Arabia revealed that the investment could rise if more opportunities arise. This shows that the Kingdom is open to more investments and aims to diversify the money across many sectors.

The investment “could increase further if additional opportunities arise,” said MBSMore than extending close ties with BRICS, Saudi Arabia is extending its arms to the US instead.

Trump seems happy with the deal considering it a trade and commerce victory for the US. “I did it with Saudi Arabia last time because they agreed to buy $450 billion worth of our product.

I said I’ll do it but you have to buy American product, and they agreed to do that,” he said, referring to his 2017 visit to the Gulf kingdom. Considering all these factors, Saudi Arabia might not accept the BRICS invitation as it’s building close relations with the US.

@ Newshounds News™


Source:  Watcher Guru

~~~~~~~~~

EU VOWS COUNTERMEASURES TO US TARIFFS. BOURBON, JEANS, PEANUT BUTTER, MOTORCYCLES ARE EASY TARGETS

BRUSSELS (AP) — U.S. tariffs on steel and aluminum “will not go unanswered,” European Union chief Ursula von der Leyen vowed on Tuesday, adding that they will trigger tough countermeasures from the 27-nation bloc. It means iconic U.S. industries like bourbon, jeans and motorcycles should beware.

“The EU will act to safeguard its economic interests,” von der Leyen said in a statement in reaction to U.S. President Donald Trump’s imposition of tariffs on steel and aluminum on Monday.

 “Tariffs are taxes — bad for business, worse for consumers,”von der Leyen said. “Unjustified tariffs on the EU will not go unanswered — they will trigger firm and proportionate countermeasures.

The EU trade minister scheduled a first emergency video meeting on the bloc’s response on Tuesday.

“It is also important that everyone sticks together. Difficult times require such full solidarity,” said Prime Minister Donald Tusk of Poland, which holds the EU presidency.

EU could target a range of US exports from motorcycles to whiskey
Just as Trump imposed similar tariffs during his first presidency, the EU countermeasures could easily amount to those that were used to retaliate then if the measures come into force March 12
.

Bernd Lange, the chair of the European Parliament’s trade committee, warned that previous trade measures were only suspended and could legally be easily revived.

When he starts again now, then we will, of course, immediately reinstate our countermeasures,” Lange told rbb24 German radio. ”Motorcycles, jeans, peanut butter, bourbon, whiskey and a whole range of products that of course also affect American exporters” would be targeted, he added.

The EU Commission, which negotiates trade relations on behalf of the bloc, said it is not clear what countermeasures would apply, but officials and observers have said they would target Republican states and traditionally strong U.S. exports.

In Germany, the EU’s largest economy, Chancellor Olaf Scholz told parliament that “if the U.S. leaves us no other choice, then the European Union will react united,” adding: “Ultimately, trade wars always cost both sides prosperity.”

European steel will be hard hit in trade war

European steel companies are bracing for losses.

“It will further worsen the situation of the European steel industry, exacerbating an already dire market environment,” said Henrik Adam, president of the Eurofer European steel association.

He said the EU could lose up to 3.7 million tons of steel exports. The United States is the second biggest export market for EU steel producers, representing 16% of the total EU steel exports. “Losing a significant part of these exports cannot be compensated by EU exports to other markets.

Trump is hitting foreign steel and aluminum with a 25% tax in the hope that they will give local producers relief from intense global competition, allowing them to charge higher prices.

EU Commission Vice President Maroš Šefčovič said that the tariffs are “economically counterproductive, especially given the deeply integrated production chains established through our extensive transatlantic trade and investment ties.”

“We will protect our workers, businesses and consumers,” Šefčovič said, but added that “it is not our preferred scenario. We remain committed to constructive dialog. We stand ready for negotiations and to find mutually beneficial solutions where possible.”

The EU estimates that the trade volume between both sides stands at about $1.5 trillion, representing some 30% of global trade. “There is a lot at stake for both sides,” he told the EU legislature.

While the bloc has a substantial export surplus in goods, it says that is partly offset by the U.S. surplus in the trade of services.

The EU says that trade in goods reached 851 billion euros ($878 billion) in 2023, with a trade surplus of 156 billion euros ($161 billion) for the EU. Trade in services was worth 688 billion euros ($710 billion) with a trade deficit of 104 billion euros ($107 billion) for the EU.

@ Newshounds News™

Source:  AP News

~~~~~~~~~

REDOTPAY PARTNERS STRAITSX, VISA TO LAUNCH CRYPTO CREDIT CARD

RedotPay teams up with Visa and StraitsX to launch a crypto credit card in Singapore, bridging digital assets with traditional finance

RedotPay has formed a strategic collaboration with Visa and StraitsX to launch a crypto credit card in Singapore.

By leveraging RedotPay’s advanced technology and Visa’s extensive global payment network, the partnership aims to bridge the gap between digital assets and traditional financial systems.

@ Newshounds News™

Read more:  BlockHead

~~~~~~~~~

LIVE: PRES. TRUMP, ELON MUSK SPEAK AFTER EXECUTIVE ORDER SIGNING 

President Trump and Elon Musk answer reporter's questions. Elon explains transparency.

@ Newshounds News™

Source:  Youtube

~~~~~~~~~

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Economist’s “News and Views” 2-11-2025

Vince Lanci: "Basel III, Tariffs, & Demand Are Setting Stage For Gold Market Reset"

Arcadia Economics:  2-11-2025

Amidst tariff confusion, strong institutional gold demand, and the implementation of Basel III in the US, Vince Lanci reports that we're seeing conditions fall in place that could facilitate a gold market reset.

 To find out more about what he's seeing, and why he feels that way, you'll want to see today's show!

Vince Lanci: "Basel III, Tariffs, & Demand Are Setting Stage For Gold Market Reset"

Arcadia Economics:  2-11-2025

Amidst tariff confusion, strong institutional gold demand, and the implementation of Basel III in the US, Vince Lanci reports that we're seeing conditions fall in place that could facilitate a gold market reset.

 To find out more about what he's seeing, and why he feels that way, you'll want to see today's show!

https://www.youtube.com/watch?v=Jr0kkuDdLJ8

Why Sound Money Matters: Daniel Diaz on Gold, Silver, and Financial Freedom

The Morgan Report:  2-11-2025

In this discussion, David Morgan interviews Daniel Diaz, Executive Director of Citizens for Sound Money, about the growing movement to make gold and silver legal tender in the U.S.

Diaz shares his personal story, legislative successes in states like Louisiana and New Jersey, and ongoing efforts in Florida, Missouri, and South Carolina.

 With education initiatives, lobbying efforts, and a new Super PAC, the movement aims to restore financial freedom and push back against government overreach.

https://www.youtube.com/watch?v=V-jV2F3_Fa4

GOLD RUSH TO NYC: Is something BIG About to Happen?

Taylor Kenny:  2-11-2025

A major gold shortage is unfolding at the Bank of England, gold delivery wait times have jumped from days to months, and a mystery buyer is quietly accumulating massive amounts of gold on Wall Street.

 At the same time, the gap between spot and futures prices is widening, something we haven’t seen since 2020, when the financial system almost collapsed

CHAPTERS:

00:00 Wall Street’s Gold Hoarding Begins

01:07 Gold Shortage at the Bank of England

 02:13 Why Spot and Futures Prices Are Diverging

03:58 Is a Mystery Buyer About to Break COMEX?

05:37 Could Gold Be Revalued Soon?

07:13 Paper Gold Won’t Save You—Get the Real Thing

08:50 How to Protect Yourself Before It’s Too Late

https://www.youtube.com/watch?v=imD5kUZ_FsU

 

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With Gold At an All Time High

With Gold At an All Time High, This Gold Company is Still Insanely Cheap

Notes From The Field By James Hickman (Simon Black) February 10, 2025

And almost on cue, gold is at another all time high today and rapidly closing in on $3,000 per troy ounce.

It’s not hard to understand why.

We’ve been talking about this for quite some time— foreign governments, central banks, and even some large foreign corporations now are trading their dollars for gold. And that’s going to have some unfortunate, negative consequences for the US.

With Gold At an All Time High, This Gold Company is Still Insanely Cheap

Notes From The Field By James Hickman (Simon Black) February 10, 2025

And almost on cue, gold is at another all time high today and rapidly closing in on $3,000 per troy ounce.

It’s not hard to understand why.

We’ve been talking about this for quite some time— foreign governments, central banks, and even some large foreign corporations now are trading their dollars for gold. And that’s going to have some unfortunate, negative consequences for the US.

I’m sincerely pulling for Elon and DOGE. I really am. And I think they’ve got a great shot at cutting hundreds of billions of dollars from the federal budget. These guys aren’t messing around and have no qualms about cutting everything that doesn’t make sense.

I also hope Congress and the White House find the courage to make critical reforms to Social Security (though I am less optimistic about that one).

And the final piece to the puzzle of getting America back on track, of course, is slashing regulation and getting back to capitalism. There certainly seems to be a lot of momentum in this direction.

The math is pretty clear: if they manage to succeed at these key challenges, then there is a good chance for the US to grow its way out of debt. But even that is going to take many, many years.

In the meantime the Treasury Department will still need to rely heavily on foreigners to buy (and continue to hold) US government bonds.

I’ve explained before that foreigners own roughly half of all fixed-rate, “marketable” US government debt. So they’re a pretty important lender.

And in order for this turnaround plan to work, the Treasury Department will need those foreign bondholders to keep investing and reinvesting in America’s national debt.

But right now there are a lot of foreign countries that are deeply concerned about holding US Treasury securities. This administration has already threatened even its friends and neighbors with tariffs, and the last administration had an endless fetish for sanctions.

Think about it like this: imagine you hold a good chunk of your money in a faraway bank, and your banker was constantly threatening to freeze your account and cut off access to your funds.

Sure, maybe it’s a very nice and prestigious bank. But after so many threats, would you still keep all of your money there? Would you still want your paycheck direct deposited into that bank, month after month? Or would you start looking around at alternatives?

That’s what’s driving the gold price right now. Foreign governments and central banks are wary about holding official US securities, gold is the most viable alternative. Just like dollars, gold has universal marketability— no central banker is worried about whether they’ll ever be able to sell their gold.

Plus virtually every other government and central bank owns gold, which means it can already be used to settle current and capital account deficits if necessary.

Concern over sanctions, inflation, and America’s gargantuan national debt led foreign officials to buy up more gold over the past couple of years. Overall, they made roughly $80 billion in excess gold purchases in 2023-2024, causing the gold price to jump from about $1,800 to over $2,900.

$80 billion is a drop in the bucket for foreign governments and central banks; they have 100x that much worth of US dollar reserves.

So if $80 billion of excess purchases resulted in a $1,000+ price jump in the gold price, what will happen if they buy $1 trillion or more in gold? That’s the potential scenario that could play out.

Either way, gold is at an all-time high today. But, quite bizarrely, gold-related companies are still at ridiculously cheap levels.

To give you an example, there is a company we presented not long ago to subscribers of The 4th Pillar, our premium investment research service; it’s a profitable gold company with an excellent, clean balance sheet, very little debt, and strong growth. In fact the company even pays a healthy dividend to shareholders.

Yet when we published our research on the company, it was only valued at a mere 5x Free Cash Flow. That’s practically nothing.

The stock has now more than doubled in price as some investors are starting to realize what we discovered and presented to our subscribers many months ago.

But even now, because current and projected earnings have continued to increase, the company is still extremely undervalued even though it doubled in price.

We still see a number of similar opportunities, i.e. gold-related businesses that may be paying strong dividends, have debt-free balance sheets, and are profitable, yet still trade at outrageously low valuations despite gold’s all-time high.

Another report we sent out to our premium subscribers just last week profiled an undervalued gold mining company that has an all-in production price of just $1,500 per ounce. And yet the business is valued at TWO times its expected earnings this year.

It’s really unusual to see such an anomaly, and it almost certainly will not last.

To your freedom,  James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/with-gold-at-an-all-time-high-this-gold-company-is-still-insanely-cheap-152066/

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Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 2-11-25

Good Afternoon Dinar Recaps,

JUST IN: JEROME POWELL AGREES TO WORK WITH LAWMAKERS TO ADDRESS CRYPTO DEBANKING

In a bold move, Federal Reserve Chair Jerome Powell has called for a “fresh look” at debanking, following criticism that the crypto industry is being denied access to banking services.

Powell Agrees to Help End Crypto Debanking

Good Afternoon Dinar Recaps,

JUST IN: JEROME POWELL AGREES TO WORK WITH LAWMAKERS TO ADDRESS CRYPTO DEBANKING

In a bold move, Federal Reserve Chair Jerome Powell has called for a “fresh look” at debanking, following criticism that the crypto industry is being denied access to banking services.

Powell Agrees to Help End Crypto Debanking

During a Senate Banking Committee hearing on Tuesday, Tim Scott, the committee’s Chair, asked Jerome Powell if he would work together to ensure that financial regulations are fair and don’t impose unnecessary burdens, to which Powell agreed to collaborate with Tim Scott, stating that the Federal Reserve aims to avoid unnecessary burdens. Powell said that he is “struck” by the increasing number of Bitcoin and crypto firms being debanked.

He also emhasized that it’s important to re-evaluate the issue of debanking. “We don’t intentionally do these things, but sometimes regulation leads things to happen and we need to be working on that,” Powell added. Scott also asked Powell if he would commit to collaborating with lawmakers to end debanking, to which Powell agreed, saying yes.

Crypto debanking
 is once again a hot topic in Washington, with lawmakers holding hearings and launching investigations into the issue. Last week, both the House and Senate held two hearings to address the concern.

Fed Not In A Hurry To Cut Rates

Furthermore, Powell has emphasized that the US central bank is “in no hurry” to reduce interest rates, despite pressure from Donald Trump to lower borrowing costs in the world’s largest economy.

“With our policy stance now significantly less restrictive than it had been and the economy remaining strong, we do not need to be in a hurry to adjust our policy stance. he noted.

This statement follows the Fed’s decision last month to keep the federal funds target range at 4.25-4.5%, after three consecutive rate cuts that lowered it by 1 percentage point. Most investors expect US rates to stay steady until around May or June this year.

Furthermore, Powell also confirmed that the Fed will not create a Central Bank Digital Currency (CBDC) under his leadership.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

BANKS EXPAND CRYPTO TIES TO CAPTURE IPO DEALS UNDER TRUMP: REPORT

Wall Street banks are pushing to land crypto IPO deals as Trump works to make the U.S. a crypto hub.

Big banks are looking to make more money more with crypto firms as initial public offering opportunities loom, Bloomberg reports, citing people familiar with the matter.

According to a Feb. 10 report, Morgan Stanley is now actively seeking crypto clients, while Bank of America is considering more deals, and Royal Bank of Canada wants to expand its crypto portfolio.

The spark of interest comes as exchanges like Gemini and Bullish consider going public. Kraken and stablecoin issuer Circle have also explored public listings before.

Banks are eager to grab these deals as the Donald Trump administration hints at loosening regulations to make the U.S. a crypto leader. At the Bitcoin 2024 Conference, Trump promised that, if elected, he would make the United States the “crypto capital of the planet.”

Bullish once planned to go public in a $9 billion SPAC deal with Far Peak Acquisition. However, in 2022 the exchange dropped the idea.

Former CEO Brendan Blumer said the deal was called off because the process was taking “longer than expected.” Bank of America is also preparing for more crypto deals, though specifics remain unclear.

Meanwhile, Swedish fintech giant Klarna is making a big push into crypto ahead of its April IPO. As crypto.news reported earlier, Klarna CEO Sebastian Siemiatkowski shared plans on X to add crypto to the platform. With a potential $15 billion valuation, Klarna’s IPO could be one of the biggest this year.

@ Newshounds News™

Source:  CryptoNews

~~~~~~~~~

SWEDISH FINTECH GIANT KLARNA WILL ‘EMBRACE CRYPTO,’ CEO SAYS

Klarna, a Swedish payments firm with 85 million users, is reportedly eyeing a US initial public offering — and its CEO is looking for ideas on how it can integrate digital assets.

This comes as Klarna is preparing for an initial public offering in the US, the Financial Times reported.

@ Newshounds News™

Read more:  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

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Global Gold Shortage Brewing? Real Reason Behind Gold Flooding out of London to US

Global Gold Shortage Brewing? Real Reason Behind Gold Flooding out of London to US

Kitco News:  2-10-2025

Gold is on a tear, shattering price records and sparking speculation about its future trajectory. But behind the headlines about surging values, a crucial shift is underway in the physical gold market, raising critical questions about supply, central bank influence, and potential vulnerabilities in the global financial system.

According to Josh Phair, Founder & CEO of Scottsdale Mint, these physical movements, particularly the significant transfer of gold from London to the U.S., are a key indicator of the forces driving the current rally. Speaking with Kitco News, Phair dissected the intricate factors at play, including China’s burgeoning influence and the possibility of a looming gold shortage.

Global Gold Shortage Brewing? Real Reason Behind Gold Flooding out of London to US

Kitco News:  2-10-2025

Gold is on a tear, shattering price records and sparking speculation about its future trajectory. But behind the headlines about surging values, a crucial shift is underway in the physical gold market, raising critical questions about supply, central bank influence, and potential vulnerabilities in the global financial system.

According to Josh Phair, Founder & CEO of Scottsdale Mint, these physical movements, particularly the significant transfer of gold from London to the U.S., are a key indicator of the forces driving the current rally. Speaking with Kitco News, Phair dissected the intricate factors at play, including China’s burgeoning influence and the possibility of a looming gold shortage.

The movement of substantial gold reserves from London, historically a major trading hub, to the U.S. signals a potential shift in power and confidence.

Phair suggests this could be driven by a perception of greater security and stability within the U.S. financial system, or perhaps a strategic positioning in anticipation of future market trends. It also begs the question: is there a rising concern about available gold in London to meet existing obligations? This movement adds fuel to the fire of potential supply constraints.

China’s recent unveiling of a $27 billion gold investment policy is a significant catalyst. This move, Phair emphasizes, is not just about boosting China’s reserves; it has far-reaching implications for the BRICS nations (Brazil, Russia, India, China, and South Africa) and the global economy as a whole. By aggressively accumulating gold, China is solidifying its position as a counterweight to the U.S. dollar and potentially paving the way for a future where gold plays a more prominent role in international trade and reserve management.

The question of a gold shortage is hotly debated. While some dismiss it as mere speculation, Phair contends that the significant physical movements, coupled with increased demand from central banks and individual investors, are creating genuine pressure on supply. The time it takes to discover, mine, and refine new gold is substantial, creating a potential lag between demand and supply.

Central banks, particularly those of China, Russia, and Turkey, are playing a vital role in reshaping the gold market. Their continued accumulation of gold is not just a diversification strategy; it’s a strategic move to de-dollarize their economies and gain greater independence from traditional Western financial institutions. This coordinated effort is adding immense pressure on the available supply and contributing significantly to the price surge.

While the U.S. Treasury Secretary’s stance on gold remains a closely watched indicator, the potential for a revaluation of gold should not be discounted. Some argue that a revaluation could be necessary to restore stability to the global financial system and address the growing debt burden of many nations. While a revaluation is a complex and controversial topic, it remains a possibility that could significantly impact the future of gold.

Despite gold prices reaching record highs, gold stocks have been surprisingly underperforming. Phair suggests this disconnect could be due to various factors, including investor skepticism about the sustainability of the rally, concerns about the operational challenges faced by mining companies, and the overall volatility of the stock market.

The current gold market is characterized by unprecedented volatility, significant physical shifts, and growing geopolitical influence. China’s aggressive gold policy, coupled with rising demand from central banks and potential supply constraints, paints a complex and potentially transformative picture.

While the future remains uncertain, one thing is clear: gold is no longer just a safe-haven asset; it’s a key player in a rapidly evolving global financial landscape. Investors and policymakers alike need to pay close attention to these developments as they navigate the challenges and opportunities that lie ahead.

https://youtu.be/c3l0gfv_gO4

 

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Seeds of Wisdom RV and Economic Updates Tuesday Morning 2-11-25

Good Morning Dinar Recaps,

GRAYSCALE FILES FOR CARDANO ($ADA) SPOT ETF WITH NYSE ARCA

The Feb. 10 SEC filing proposes listing and trading shares of the Grayscale Cardano Trust, making it the first standalone ADA investment product in the U.S.

Grayscale Investments has officially filed for a Cardano ($ADA) exchange-traded fund (ETF) with NYSE Arca, marking a significant step toward institutional adoption of the blockchain’s native asset.

The filing, submitted as a proposed rule change (Form 19b-4) to the U.S. Securities and Exchange Commission (SEC) on February 10, seeks approval to list and trade shares of the Grayscale Cardano Trust as a spot ETF.

Good Morning Dinar Recaps,

GRAYSCALE FILES FOR CARDANO ($ADA) SPOT ETF WITH NYSE ARCA

The Feb. 10 SEC filing proposes listing and trading shares of the Grayscale Cardano Trust, making it the first standalone ADA investment product in the U.S.

Grayscale Investments has officially filed for a Cardano ($ADA) exchange-traded fund (ETF) with NYSE Arca, marking a significant step toward institutional adoption of the blockchain’s native asset.

The filing, submitted as a proposed rule change (Form 19b-4) to the U.S. Securities and Exchange Commission (SEC) on February 10, seeks approval to list and trade shares of the Grayscale Cardano Trust as a spot ETF.

If approved, this would be Grayscale’s first standalone Cardano investment product and the first spot ADA ETF in the U.S. market.

Institutional Partners and Market Reaction

According to the filing, the Coinbase Custody Trust Company would serve as the custodian for the ETF’s assets, while BNY Mellon Asset Servicing would act as its administrator. The Delaware Trust Company has been named as the trustee.

A Cardano ETF would allow institutional and retail investors to gain regulated exposure to ADA without directly purchasing or storing the cryptocurrency. It would also add credibility to Cardano as an investment asset and open the door for broader adoption in traditional finance.

Grayscale is already a major player in the crypto ETF market, managing products like the Grayscale Bitcoin Trust ETF and Grayscale Ethereum Trust ETF. Adding Cardano to its lineup would further diversify its offerings and provide investors with more blockchain-based investment options.

Regulatory Hurdles and Market Landscape

So far, the SEC has only approved spot ETFs for Bitcoin and Ethereum. Other cryptocurrencies, including Solana (SOL) and XRP, have faced delays due to regulatory uncertainty. The SEC previously classified ADA as a security in its 2023 lawsuits against Binance and Coinbase, which could pose additional challenges for approval.

Despite these hurdles, interest in crypto ETFs continues to grow. Recent filings for XRP, Solana, Dogecoin, and Litecoin ETFs suggest that more assets could soon enter the regulated investment space.

Cardano Joins the Growing ETF Race

Grayscale’s move follows a wave of crypto ETF applications in recent months:

XRP Spot ETFs:

WisdomTree, Bitwise, 21Shares, and Canary Capital submitted four 19b-4 applications to the SEC.

Bitwise filed an initial spot XRP ETF application in October 2024.

WisdomTree launched the Physical XRP ETP (XRPW) in Europe.

Cardano Exchange-Traded Products (ETPs):

Virtune AB launched a Cardano ETP on Nasdaq Helsinki in February 2025.

Tuttle Capital filed for a 2x leveraged ADA ETF in January 2025.

Worth noting, Grayscale is also working to convert its XRP Trust into an ETF.

@ Newshounds News™

Source:  BSC News

~~~~~~~~~

BRICS:  RUSSIA AND INDIA CUT DOLLAR USE: 90% OF DIRECT TRANSACTIONS IN NATIONAL CURRENCIES

Russia and India now conduct nearly 90% of direct transactions in their national currencies, deepening financial ties and accelerating the global shift away from the U.S. dollar.

Moscow and New Delhi Tighten Financial Ties—Is the Dollar Era Ending?

Countries worldwide are increasingly shifting away from reliance on the U.S. dollar in international trade, a process known as dedollarization. Russia and India have strengthened their financial cooperation, with nearly 90% of direct transactions now conducted in their respective national currencies

Russian Ambassador to India Denis Alipov stated in an interview with Tass:

Mutual payments in national currencies are stable. As of today, national currencies account for around 90% of direct payments between Russia and India.

He also noted that discussions are ongoing about the mutual recognition of Russia’s Mir and India’s RuPay payment systems, a step that could further enhance financial integration between the two countries.

Trade between Russia and India has continued to expand, with Indian statistics showing an 8.6% increase in the first 11 months of 2024. “According to Indian statistics, bilateral trade added 8.6% in 11M 2024 and amounted to $64.5 bln,” Alipov said.

He further detailed the contributions from each country, emphasizing: “Russian exports reached $60 bln (up by 7.7%), while supplies of Indian goods rose to $4.5 bln (up by 23.3%).

Russia is one of India’s four biggest trade partners, while in terms of the volume of products supplied it is the second-largest after China.” These figures highlight Russia’s growing importance as a key trading partner for India.

The increasing use of national currencies in trade between Russia and India reflects a broader global shift toward reducing dependence on the dollar amid evolving geopolitical and economic conditions. 

As both countries work to integrate their financial systems, the potential recognition of the Mir and Rupay payment networks could simplify trade settlements and further strengthen economic ties between Moscow and New Delhi. With Russia securing its position as India’s second-largest supplier after China, these developments signal deeper financial and trade cooperation between the two nations.

@ Newshound News™

Source:  Bitcoin News

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

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News, Rumors and Opinions Tuesday Morning 2-11-2025

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. 11 Feb. 2025

Compiled Tues. 11 Feb. 2025 12:01 am EST by Judy Byington

What We Think We Know as of Tues. 11 Feb. 2025:

Mon. 10 Feb. 2025: Prepare For Phase II Blackout. Financial System Activated: Greatest Transfer of Wealth Have Begun.

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. 11 Feb. 2025

Compiled Tues. 11 Feb. 2025 12:01 am EST by Judy Byington

What We Think We Know as of Tues. 11 Feb. 2025:

Mon. 10 Feb. 2025: Prepare For Phase II Blackout. Financial System Activated: Greatest Transfer of Wealth Have Begun.

Mon. 10 Feb. 2025: Musk Audits 1% of Government, Uncovers Over $100 Billion In Fraud

Mon. 10 Feb. 2025: WARNING: BlackRock, Vanguard, and State Street Are STEALING America! RFK Jr. Exposes the Great Housing Conspiracy – And It’s Worse Than You Think! VIDEO – amg-news.com – American Media Group BlackRock, Vanguard, and State Street are gobbling up single-family homes across the country at an alarming rate. They are outbidding hard-working Americans, paying 20-50% over asking price, and snatching up entire neighborhoods before families even have a chance to make an offer. Why? Because they want absolute control. Think about it: If you don’t own a home, you are forced to rent. If you are forced to rent, THEY decide how much you pay. If THEY own the homes, THEY make the rules. And guess what? They’re just getting started. By 2030, these three corporations could own 60% of ALL single-family homes in America.  This is NOT just a housing crisis. This is a war on the American Dream.

Mon. 10 Feb. 2025: President Trump instructed the US Treasury to stop minting new pennies. A one cent penny cost over 2 cents to make.

In Aug. 2025 the U.S. Treasury will (allegedly) send out a computer algorithm to each bank to zero debt balances in a Debt Jubilee. The banks will then (allegedly) zero out all mortgage debt, credit card debt, car debt, etc. On Wednesday, July 10, 2024 the Debt Jubilee was legalized(allegedly)  by Trump. Citizens do not have to contact their debtor to ask for the Debt Jubilee. Watch for your new zero balance statement coming out sometime in August. …JFK Awakening on Telegram

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Musk DOGE Audits:

Mon. 10 Feb. 2025 Musk: I just learned that the Social Security data base is not de-duplicated, meaning you can have the same Social Security number many times over. Creating Massive Fraud.

Read full post here:  https://dinarchronicles.com/2025/02/11/restored-republic-via-a-gcr-update-as-of-february-11-2025/

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26  [Iraq boots-on-the-ground report]  FIREFLY: Mr Sammy says we have made it to the finish line.  We just need to cross it now.  FRANK:  I tend to agree with you Mr. Sammy.  I use the example of Neil Armstrong waling down the ladder of the lunar module.  He has one foot on the step of the ladder but the other foot is already touching the surface of the moon...We are simply waiting for the other foot to also touch the surface.  

Militia Man  Article: "Iraq advances one place in the global reserve"  Iraq has massive amounts of reserves in comparison to what she truly needs in foreign currencies...You add the foreign reserves with her gold. For some reason they just found a few more tons of gold because they went from about 152 tons...to about 162 tons.  They found enough chump-change to go buy 10 tons of gold!  I think that's pretty funny because everybody's like, where do you get all that money?!  All their new non-oil revenues and the profits they're making.  They're making a surplus...And you wonder why gold is at $2880.  That's a big jump...All-time extreme highs.

BRICS SHOCKS the US With the Addition of 23 Countries and Introduction of 0% Tariff Among Nations...

The New Citizen:  2-10-2025

The USA is in shock as 23 more countries join the BRICS nations and also with the introduction of 0% tariff among its members.

https://www.youtube.com/watch?v=F9NWFlE0UL8

5 Amazing Gold & Silver Charts, "The Best Is Yet To Come" - Mike Maloney & Alan Hibbard

2-11-2025

Join Mike Maloney and Alan Hibbard and discover five eye-opening charts that reveal how gold has outpaced the S&P 500, why currency printing far exceeds CPI inflation, and what soaring government debt means for the economy.

You’ll also see the surprising relationship between housing costs and gold. Whether you’re a seasoned investor or exploring gold and silver for the first time, these charts will give you crucial insights into where the markets might be headed next.

https://www.youtube.com/watch?v=U87pwUtVHW4

 

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“Tidbits From TNT” Tuesday Morning 2-11-2025

TNT:

Tishwash:  MP calls for enacting oil and gas law to solve salary crisis

Member of the Parliamentary Oil, Gas and Wealth Committee Nazim Al-Shabli called on the federal government today, Tuesday, to expedite sending the draft oil and gas law.  

Al-Shabli told / Al-Maalouma / agency, “The legislation of the oil and gas law is sufficient to solve the crisis of salaries of the region’s employees, indicating that the law contributes greatly to stopping oil smuggling as well as addressing the salary crisis.”

He added that "the salary crisis is ongoing until now and there is hope and a beginning to solve it after the legislation of the oil and gas law within the Council of Representatives," noting that "the region continues to smuggle oil."

TNT:

Tishwash:  MP calls for enacting oil and gas law to solve salary crisis

Member of the Parliamentary Oil, Gas and Wealth Committee Nazim Al-Shabli called on the federal government today, Tuesday, to expedite sending the draft oil and gas law.  

Al-Shabli told / Al-Maalouma / agency, “The legislation of the oil and gas law is sufficient to solve the crisis of salaries of the region’s employees, indicating that the law contributes greatly to stopping oil smuggling as well as addressing the salary crisis.”

He added that "the salary crisis is ongoing until now and there is hope and a beginning to solve it after the legislation of the oil and gas law within the Council of Representatives," noting that "the region continues to smuggle oil."

He stressed "the need to expedite sending the oil and gas law to solve the giant problems between Baghdad and Erbil."  link

Tishwash:  Government advisor: Financial concerns unfounded

The Prime Minister's advisor for financial affairs, Mazhar Muhammad Salih, confirmed that the financial concerns raised from time to time about the economic situation in Iraq are "baseless."

Saleh told {Al-Furat News} that "Iraqi diplomacy is one of the most successful in protecting the country's supreme interests, according to the government program's adoptions and national constants, whether with the United States or others."
He added, "There is a high degree of consistency in managing the country's financial affairs in a stable manner within the framework of the general economic policy, which is a positive thing that is always indicated by the ability and flexibility to confront economic challenges with high rationality during the past years."

Saleh pointed out that "the country enjoys good financial flows from oil revenues and others, supported by efficient foreign reserves and promising economic activity in the real sector and partnership with the private sector witnessed by the country, especially in the sectors of renewable energy construction, fossil oil, electricity, gas, infrastructure, reconstruction and housing in an unprecedented manner."

Despite the statements of government officials reassuring the financial situation in Iraq, there are some concerns that are raised from time to time due to fluctuations in oil prices.

The Iraqi economy depends heavily on oil exports, which makes it vulnerable to fluctuations in global oil prices. Any drop in oil prices could significantly impact government revenues and lead to a budget deficit.
While there are some financial concerns, the economic situation in Iraq appears stable at the moment, thanks to good oil revenues and foreign reserves at the Central Bank of Iraq. link

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Tishwash:  PM's Advisor: Government has taken steps to revive manufacturing industry

The financial advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed that the government has taken steps to revive the manufacturing industry.

Salih told the official agency: "The revival of the manufacturing industry in Iraq is a strategic issue with multiple dimensions, the first of which is that the industrial operator, whether small, medium or large, is one of the most important activities responsible for employing 60% of the workforce."

He pointed out that "eliminating sustainable unemployment requires economic diversification, and the basics of diversification start with the industrial construction of Iraq. Secondly, the partnership with the private sector is an ideal solution for reviving the industrial sector itself, whether this partnership is in providing financing and government support or a partnership in ownership or capital.

This requires a balance between the public interest and private interests, while ensuring the existence of a transparent regulatory environment with high governance that encourages effective cooperation in an integrated social market between the two parties," noting that "the partnership in management and ownership between the public and private sectors leads to stimulating innovation and technological development and encouraging research and development, in addition to investing in advanced manufacturing technology such as automation, artificial intelligence and 3D printing."

He stressed that "the financing partnership represents the provision of financial support to small and medium enterprises operating in the field of manufacturing to create an optimal operating lever," explaining that "the national development plan indicates efforts to rebuild the foundations of the manufacturing industry through real partnerships with the private sector, where the state contributes to guaranteeing sovereign financing for manufacturing industries by 85%, while the private industrial project bears 15% of the financing."

He continued that "this financing strategy is devoted to financing industrial projects at five levels, foremost of which are projects whose products are related to construction and housing or contribute to development road works, then pharmaceutical industries, petrochemical industries, and others," noting that "the government's economic philosophy, in accordance with the government program, is based on the partnership between the state and the market with broad social security, and this is what makes it work according to the social market theory, which is a departure from economic liberalism and its risks."

He explained that “Riyada Bank was established with the support of the state to provide small and medium-sized loans to young people, and this was preceded by the Prime Minister’s Riyada Initiative, which paved the way for this by providing thousands of loans to youth sectors and stimulating their innovations,” explaining that “this will lead to encouraging the country’s regulatory and investment environment and adopting policies that encourage competition, improve the business environment, and reduce bureaucratic regulations that may hinder the industrialization process and its rapid advancement.”   link

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Tishwash: Regional demonstrations: The political class lives in isolation from the suffering of the street

The wave of anger escalated in the Kurdistan Region of Iraq with the continuation of the crisis of delayed payment of salaries, which pushed thousands of employees and teachers into the streets, in protests that did not subside despite the cold weather and snowfall.

In Sulaymaniyah, where the sit-ins are concentrated, a number of protesters decided to go on a hunger strike, stressing that they will not back down until their demands are met.

A political source from Erbil said that the current crisis is not a recent one, but rather the result of political and financial accumulations between Baghdad and Erbil, as these scenes are repeated every few months without radical solutions.

He added that the partial solutions proposed after each crisis do not guarantee the stability of the financial situation of the region's employees, which increases the state of frustration and popular resentment.

While the regional government is trying to reassure employees, security forces in Erbil continue to prevent the protests from spreading to it, as they refused to receive demonstrators coming from Sulaymaniyah. Local sources said that dozens of those who tried to organize gatherings in Erbil were subjected to security harassment, which increased tensions between the two cities.

“We don’t want slogans, we want our salaries,” tweeted a Kurdish activist on the X platform. “We don’t care about the conflict between Erbil and Baghdad, we want our children’s livelihood, which has become hostage to political differences.” In another Facebook post, a citizen from Sulaymaniyah wrote: “If we were demonstrators in any other country, we would be a global trend, but we are Kurds, so no one cares.”

Economic sources reported that the financial crisis in the region is not only a result of the delay in transferring funds from Baghdad, but also due to the lack of transparency regarding local revenues, especially from border crossings and oil revenues, the numbers of which remain vague despite the demands of the federal parliament to disclose them.

A social researcher believes that the current crisis goes beyond the economic dimension, as it represents a crisis of confidence between the Kurdish citizen and his government, as many feel that the political class lives in isolation from the suffering of the street. He added that the continued security suppression of the demonstrations may lead to a greater escalation, and perhaps to the emergence of new protest movements that are not subject to traditional political leadership.

“Every month we live with the same anxiety: When will we get our salaries? Will the high prices be enough? We don’t even have the luxury of planning for the future,” said Farid Othman, a government employee from Sulaymaniyah. “The regional government justifies, Baghdad evades, and we pay the price. How long will the citizen remain the victim?” said Shireen Abdullah, a resident.

Analysis of the situation indicates that the crisis is likely to worsen, especially if a clear mechanism is not found to ensure salary stability away from political conflicts. link

Mot: . the 7 dwarves of Valentines!!!

Mot: Yeppers -- A ""Love Poem"" frum ole ""Earl"" 

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Seeds of Wisdom RV and Economic Updates Monday Evening 2-10-25

Good Evening Dinar Recaps,

REP. WATERS PROPOSES STABLECOIN RULES, FEDERAL OVERSIGHT

Both House Republicans and Democrats have introduced proposals to regulate U.S. stablecoins, signaling that the sector is a legislative priority under President Donald Trump.

Maxine Waters, the ranking Democrat on the House Financial Services Committee, published a proposal for stablecoin oversight through federal watchdogs such as the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve, according to Punchbowl News
.

Good Evening Dinar Recaps,

REP. WATERS PROPOSES STABLECOIN RULES, FEDERAL OVERSIGHT

Both House Republicans and Democrats have introduced proposals to regulate U.S. stablecoins, signaling that the sector is a legislative priority under President Donald Trump.

Maxine Waters, the ranking Democrat on the House Financial Services Committee, published a proposal for stablecoin oversight through federal watchdogs such as the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve, according to Punchbowl News
.

Waters’ discussion draft also outlines regulatory frameworks for state regulatorsBack in 2022Rep. Waters criticized a Republican-led House Committee bill, calling it “deeply problematic” due to concerns over allowing state regulators to approve stablecoins without Federal Reserve oversight.

 At the time, she argued before former Committee Chair Patrick McHenry that this approach could introduce unforeseen risks.

Rep. Waters’ proposal means that both Republican and Democratic lawmakers have now introduced stablecoin regulations since President Trump took office.

Last week, Rep. French Hill, the new Republican Chair of the House Financial Services Committee, submitted a draft bill for stablecoin regulation, co-sponsored by Rep. Bryan SteilThe bill would grant the OCC authority to approve and supervise payment stablecoin issuers.

Specifically, the OCC can license and oversee nonbank stablecoin operators with federal permits. The rules could allow firms like Ripple to enter the $220 billion market.

Rep. Hill’s bill contrasts with Rep. Waters’ proposal, as it assigns stablecoin oversight to the OCC rather than the Federal Reserve, which Waters had advocated. Waters previously stated that House lawmakers needed a “grand bargain on stablecoins” to move forward with regulation.

In the Senate, GOP Senator Bill Hagerty also introduced the “Guiding and Establishing National Innovation for U.S. Stablecoins” Act. Policymakers also unveiled a bi-cameral working group focused on passing crypto regulation at a press conference hosted by White House AI and crypto czar David Sacks.

@ Newshounds News™

Source:  CryptoNews

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BRICS: NEW NATION REJECTS DE-DOLLARIZATION AMID TRUMP TARIFFS

The last several weeks have seen geopolitical tensions growing. With both sides reaching a fever pitch, the BRICS has seen yet another nation reject de-dollarization amid the implementation of US President Donald Trump’s new tariffs. Indeed, the president is set to introduce new 25% import taxes Monday as his aggressive economic policy continues.

The move has propelled the US dollar upward, as it seems to reinforce faith in the greenback. However, its potential impact on the United States and the world economy remains to be seen.

 All that is certain is that the country is setting the planet on course for a trade war that is wide in its scope and impact.

BRICS Sees Yet Another Country Reject De-Dollarization as Trump Tariffs Take Effect

En route to his campaign victory in November, Trump had championed the importance of the US dollar. Indeed, he noted that the greenback losing its status as the world’s currency would be akin to the nation losing a war

This has driven his economic policy, as he looks to defend the nation’s currency against lessened international usage and thwart potential expansion of the idea.

To this point, it appears the aggressive stance is working. Indeed, a new BRICS nation has spoken out rejecting de-dollarization as Trump’s tariff plan begins to take effect. It joins nations like India in reassuring that the bloc’s operations are not directly tied to harming the US dollar.

Specifically, Indonesia’s chief economist, Josua Parde, recently confirmed it has no interest in targeting the greenback. Alternatively, its BRICS participation is merely tied to its own economic growth. Indeed, Pardede notes that the distinction between the two is of the utmost importance to the nation.

“We are entering BRICS not to support the de-dollarization of China and Russia but rather to expand trading partners,” Pardede said. “This de-dollarization that we are encouraging is to provide an option for the business world not to always depend on the dollar,” they added.

It will be interesting to observe how Trump responds. With his targeting of Mexico and Canada, things may have changed. Indeed, it appears that his economic policy may be less tied to the US dollar’s status than originally perceived. However, he could redirect his approach to BRICS. Instead, targeting nations actively seeking to decrease the value of the dollar in the coming weeks.

@ Newshounds News™

Source:  Watcher Guru

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PRO: NORTH CAROLINA’S STRATEGIC BITCOIN RESERVE BILL A ‘BIG DEAL’

Introduced by Rep. Destin Hall, Speaker of the NC House of Representatives, the bill would allow state lawmakers to invest up to 10% of the state’s funds into exchange-traded products tied to digital assets with a market capitalization exceeding $750 billion.

It also authorizes Bitcoin investments for state-managed funds, including teachers’ and state employees’ pensions, insurance funds, and veterans’ home trust funds.

@ Newshounds News™

Read more:  Crypto News

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Newshound's News Telegram Room Link

Q & A Classroom Link  

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Economist’s “News and Views” Monday 2-10-2025

Is GOLD The ONLY Thing That Will SURVIVE The Global Debt CRISIS? - Matthew Piepenburg

In this latest interview, Matthew Piepenburg discusses how the global debt crisis, particularly U.S. sovereign debt, is driving both inflation and gold prices higher, while explaining how BRICS nations are gradually moving away from dollar dependence.

He argues that while the U.S. won't lose its reserve currency status immediately, the combination of debt, currency debasement, and BRICS nations' increasing oil trades outside the dollar system will continue to strengthen gold's position as a long-term store of value.

Is GOLD The ONLY Thing That Will SURVIVE The Global Debt CRISIS? - Matthew Piepenburg

In this latest interview, Matthew Piepenburg discusses how the global debt crisis, particularly U.S. sovereign debt, is driving both inflation and gold prices higher, while explaining how BRICS nations are gradually moving away from dollar dependence.

He argues that while the U.S. won't lose its reserve currency status immediately, the combination of debt, currency debasement, and BRICS nations' increasing oil trades outside the dollar system will continue to strengthen gold's position as a long-term store of value.

0:00 Introduction

 0:28 Risk that trade wars become military wars

2:06 How will gold respond in this environment?

5:26 BRICs and de-dollarization

 8:53 Outlook for gold in 2025

https://www.youtube.com/watch?v=yZssvNfz8rc

Is Bitcoin REALLY The NEW GOLD?

Lynette Zang:  2-9-2025

In this video Lynette breaks down the key differences and similarities between the two so you can make educated decisions, that benefit you!

https://www.youtube.com/watch?v=PXlXyYR8LDY

A "Gold Run" May Have Begun at the Bank of England

Heresy Financial:  2-10-2025

TIMECODES

 00:00 Surging Gold & Market Stress

 00:24 Bank of England Bullion Discount

00:50 Spot Price Gap & Delivery Delays

 01:12 $5 Discount & Bank Run Concerns

 01:33 Confiscation History & Gold Repatriation

01:57 Poland’s Example: Moving Gold Home

 02:18 Delays & Fractional Reserve Suspicions

 02:42 Storing Gold Privately

03:00 BofE Issues vs. Wider Market

03:19 Global Demand & Lease Rate Jumps

 03:43 Gold’s 40% Price Surge

04:12 Parallels to 2020’s Rapid Run

04:33 Gold as Stability & Inflation Hedge

05:00 Big Money Positioning for Uncertainty

 05:39 Silver Markets & SLV Borrowing Fees

06:01 Shorting Difficulty & Physical Metal

06:22 Tariff Premium & BofE Explanation

06:50 Fractional Reserve Gold Exposures

 07:15 Gold’s Purchasing Power Over Time

07:38 Outpacing Tech-Driven Deflation

07:54 Gold as Savings & Asset Reserve

08:22 Get It Before You Need It

08:39 Affiliate Links & Closing Remarks

https://www.youtube.com/watch?v=xdpf34TyVI0

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Seeds of Wisdom RV and Economic Updates Monday Afternoon 2-10-25

Feb 10

Good Afternoon Dinar Recaps,

GOLD REACHES ALL-TIME HIGH AS BITCOIN STRUGGLES FOR MOMENTUM AMID MARKET UNCERTAINTY

▪️Gold has surged to a new all-time high, outperforming bitcoin year-to-date, as central banks continued aggressive purchases.

▪️Meanwhile, bitcoin’s price increase of around 5% since the beginning of the year has been marked by volatility, with markets reacting to Donald Trump’s proposed tariffs and broader macroeconomic risks.

Good Afternoon Dinar Recaps,

GOLD REACHES ALL-TIME HIGH AS BITCOIN STRUGGLES FOR MOMENTUM AMID MARKET UNCERTAINTY

▪️Gold has surged to a new all-time high, outperforming bitcoin year-to-date, as central banks continued aggressive purchases.

▪️Meanwhile, bitcoin’s price increase of around 5% since the beginning of the year has been marked by volatility, with markets reacting to Donald Trump’s proposed tariffs and broader macroeconomic risks.

Gold reached a fresh all-time high of $2,902 per ounce as of Monday, marking a 17.5% increase since the start of the year.

Gold’s bullish trajectory has been fueled by ongoing central bank purchases, concerns over global trade policies, and investor demand for safe-haven assets, according to a report from the World Gold Council. Its data shows global gold reserves increased by 694 tons in the first ten months of 2024, continuing the record accumulation trend from previous years. 

The report said central banks are expected to remain net buyers of gold in 2025, citing de-dollarization efforts and geopolitical risks as key drivers.

Among the largest gold buyers in 2024 were Poland, India, Turkey and China, with net purchases of 89.5 tons, 72.6 tons, 74.8 tons, and 44.2 tons respectivelyWestern sanctions on Russia’s central bank reserves in 2022 have been cited as a turning point, reinforcing gold’s role as a geopolitical hedge.

The World Gold Council report found that 69% of central banks expect to continue accumulating gold, while 83% of those in industrialized nations cite it as a hedge against inflation and financial instability.

Trump’s tariffs and market impact

Markets remain uncertain after President Donald Trump announced on Sunday a 25% tariff on all steel and aluminum imports, renewing fears of a global trade war
. Steel and aluminum stocks surged in premarket trading in New York, with U.S. Steel and Nucor rising 8% and Cleveland-Cliffs gaining 9%. Alcoa also saw a 4% increase.

With Mexico and Canada among the top three U.S. suppliers, the tariffs cast doubt on last week’s temporary delay and could reignite trade tensions. Although stock futures showed optimism on Monday, QCP Capital sees a feedback loop emerging.

"President Trump, highly sensitive to market reactions, is facing a market increasingly calling his bluff. This could embolden him further, adding another layer of volatility," said QCP Capital.

While bitcoin is often discussed as a hedge against monetary and geopolitical uncertainty, its correlation with risk assets has remained elevated, making it susceptible to shifts in market sentiment, according to a Bitwise report on Monday. In contrast, gold’s traditional role as a safe haven has strengthened its appeal amid growing concerns over inflation and trade disruptions.

@ Newshounds News™

Source:  The Block

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CFTC ANNOUNCES CRYPTO FRAUD ACTION AFTER ENFORCEMENT PRIORITIES SHIFT

Acting CFTC Chair Caroline Pham announced on Feb. 4 that the commission would essentially end its practice of regulation by enforcement.

The US Commodity Futures Trading Commission (CFTC) announced a consent order charging a New York resident with fraud in one of the agency’s first crypto-related enforcement actions under acting Chair Caroline Pham.

In a Feb. 10 notice, the CFTC said US authorities had charged Rashawn Russell with engaging in a digital assets trading scheme from 2020 to 2022, in which he solicited investors to contribute cryptocurrency to a fraudulent fund.

 According to the complaint, Russell misappropriated roughly $1.5 million through the scheme, which had him plead guilty to wire fraud in the US District Court for the Eastern District of New York.

“Russell guaranteed no loss to investors, and in some instances, guaranteed a minimum twenty-five percent return,” said the CFTC complaint filed on Jan. 16. “In reality, Russell intentionally and/or recklessly made false or misleading statements to solicit and retain investors.”

The enforcement case was one of the agency’s first actions since acting Chair Pham announced on Feb. 4 that the CFTC would be restructuring its Division of Enforcement’s priorities to focus on fraud.

 The commission said it planned to divide responsibilities for enforcement cases into two task forces focused on retail fraud and “complex fraud and manipulation.”

Crypto enforcement cases going into 2025?

Members at the CFTC elected Pham as acting chair on Jan. 20 amid the inauguration of US President Donald Trump, whom many expect will nominate a commissioner to fill former Chair Rostin Behnam’s seat. Behnam stepped down as chair on Jan. 20 but remained at the CFTC until Feb. 7, leaving the commission one seat shy of a full panel.

During the 2024 fiscal year under Behnam, the CFTC reported more than $17 billion in monetary relief, stemming mainly from the agency’s actions against crypto exchange FTX. 

Pham’s announcement regarding the commission’s shift in priorities suggested that the CFTC would focus less on regulating by enforcement for crypto firms handling digital assets considered commodities.

The US Securities and Exchange Commission — the country’s other significant financial regulator overseeing digital assets — announced in January that it would form a crypto task force to develop a regulatory framework.

Trump appointed SEC Commissioner Mark Uyeda as acting chair following the departure of Gary Gensler until the US Senate can consider the nomination of former commissioner Paul Atkins.

@ Newshounds News™

Source:  CoinTelegraph

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RIPPLE'S FIRST FORAY INTO PORTUGAL: PARTNERS WITH UNICÂMBIO USING BLOCKCHAIN FOR INSTANT CROSS-BORDER PAYMENTS


Ripple has expanded its European presence by partnering with Unicâmbio, a leading currency exchange provider in Portugal, to facilitate instant cross-border payments between Portugal and Brazil

This collaboration marks Ripple's first foray into the Portuguese market, leveraging Ripple Payments to enable Unicâmbio's corporate clients to transfer funds quickly and efficiently between the two countries.

@ Newshounds News™

Read more:  The Defiant

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HONG KONG SCIENTISTS BUILT A LICKABLE DEVICE THAT LETS YOU TASTE THINGS IN VR

The 15-gram "lollipop" uses food-grade chemicals and electrical currents to simulate nine different flavors, bringing a sense of taste to VR and AR environments.

@ Newshounds News™

Read more:  Decrypt

~~~~~~~~~

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

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