
Seeds of Wisdom RV and Economic Updates Saturday Morning 3-15-25
Good Morning Dinar Recaps,
US CONGRESSMAN TO INTRODUCE NEW CRYPTO BILL PROTECTING TRUMP’S STRATEGIC BITCOIN RESERVE
Recent reports revealed that another member of the US House of Representatives will introduce a new bill on March 14 to codify US President Donald Trump’s executive order for a Strategic Bitcoin Reserve (SBR). This move follows recent efforts by several US lawmakers to formalize and protect Trump’s crypto plan.
New Bill Proposes US Bitcoin Reserve’s Protection
Good Morning Dinar Recaps,
US CONGRESSMAN TO INTRODUCE NEW CRYPTO BILL PROTECTING TRUMP’S STRATEGIC BITCOIN RESERVE
Recent reports revealed that another member of the US House of Representatives will introduce a new bill on March 14 to codify US President Donald Trump’s executive order for a Strategic Bitcoin Reserve (SBR). This move follows recent efforts by several US lawmakers to formalize and protect Trump’s crypto plan.
New Bill Proposes US Bitcoin Reserve’s Protection
On Friday, Bloomberg reported that US Representative Byron Donalds will introduce a bill to codify President Trump’s executive order to establish a national Bitcoin (BTC) reserve. The proposed legislation reportedly seeks to formalize Trump’s plan and protect the strategic reserve from potential industry-adverse administrations in the future.
According to the report, the bill “would ensure that the reserve and stockpile could not be eliminated by executive action from a future president.” The US President signed an executive order on March 6 to create a strategic BTC reserve and a “Digital Asset Stockpile” within the US Department of the Treasury.
The order indicates that these initiatives would be funded by crypto seized from government criminal and civil forfeiture proceedings, including the US’ 200,000 BTC holdings and other digital assets already owned by the Treasury Department.
In a statement to Bloomberg, Donalds affirmed that the “Democrats waged a war” on the crypto industry and it “is the time for Congressional Republicans to decisively end.” The legislation requires at least 60 votes in the US Senate and a House majority to pass.
The US Representative’s move is the latest in the recent efforts from various US lawmakers to give Bitcoin recognition as a strategic asset at the state and national levels under the new crypto-friendly administration, including Senator Cynthia Lummis’s actions to codify President Trump’s recent executive order.
On Tuesday, US Senator Lummis reintroduced her reserve bill, initially introduced last July, in the Senate to implement a BTC purchase program. As reported by Bitcoinist, the bill is co-sponsored by Republican Senators Jim Justice, Marsha Blackburn, Bernie Moreno, Roger Marshall, and Tommy Tuberville.
The Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act, or Bill S954, aims to “ensure the transparent management of Bitcoin holdings of the Federal Government, to offset costs utilizing certain resources of the Federal Reserve System, and for other purposes.”
The US Senator highlighted the “landmark legislation that will codify President Trump’s bold vision to establish the United States Strategic Bitcoin Reserve and strengthening our nation’s economic foundation for generations to come."
Lawmakers Split Over Trump’s Crypto Reserve
Meanwhile, US Representative Nick Begich also introduced the “Bitcoin Act on 2025,” a companion bill to Senator Lummis’ legislation, to the US House on Tuesday. The legislation, co-sponsored by six Republican Representatives, is “designed to ensure the United States secures its financial independence and maintains its leadership in the global digital economy.”
Begich emphasized the need for the United States to establish a formal Bitcoin reserve, like its gold reserves, as “America cannot afford to fall behind in this financial revolution.”
Nonetheless, recent reports revealed that other Congress members are opposing President Trump’s crypto plan. Democratic Representative Gerry Connolly recently wrote a letter to Treasury Secretary Scott Bessent, pushing to abandon the strategic reserve plans.
The congressman considers, “Such a reserve provides no discernible benefit to the American people but would significantly enrich the President and his donors. It would also constitute unsound fiscal policy by picking winners among currencies via social media and wasting taxpayer dollars.”
The letter also asks for the documents and communications about the reserves, soliciting a “detailed list of safeguards that are in place to protect against government officials financially benefiting from the strategic cryptocurrency reserve.”
@ Newshounds News™
Source: Bitcoinist
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GOLD ETFS WINNING THE ASSET RACE WITH BITCOIN FUNDS–FOR NOW
The price of the traditional safe-haven asset has soared recently, but bitcoin is the real “hot sauce,” says analyst Eric Balchunas.
Gold exchange-traded funds in the U.S. are leading in assets under management again after briefly being dethroned by the new American Bitcoin ETFs, a result of the traditional risk-off asset’s surge to a record high and BTC’s recent slump.
American ETFs giving investors exposure to gold’s price are collectively managing close to $150 billion in assets, VettaFi data shows. The 11 Bitcoin ETFs—approved by the SEC last year—now have over $93 billion in managed assets.
In December, Bitcoin ETFs briefly overtook their gold counterparts, according to K33 Research, thanks to the cryptocurrency’s price increase following the election of U.S. President Donald Trump, whose policies were widely expected to boost the digital asset industry.
Bitcoin spiked to an all-time high at nearly $109,000 in January the day of his inauguration. But it has steadily lost ground and was recently trading around $84,000, down about 25% from that record.
Friday’s BTC price comes the precious metal hit a record of $3,014 per ounce as investors spooked by the new president’s trade war look for less volatile investments. Gold is a traditional safe-haven asset favored during periods of economic turbulence.
Bitcoin has largely traded similar to tech stocks and other risk-on assets over the past year.
“Bitcoin has some safe haven qualities, but lately it’s behaved more like a risk asset, and that’s why we’ve seen more outflows in those spot ETFs,” etf.com’s Senior Content Editor Kent Thune, who oversees research at the publication, told Decrypt, noting gold’s status as an inflation hedge and safe-haven investment in the “current environment.”
The new Bitcoin ETFs smashed expectations last year following their approval after new capital from investors previously locked out of the world of crypto investing flooded the market. The funds collectively breached $3 billion in net flows just one month after they started trading—beating the launch of the gold ETFs 20 years ago.
But macroeconomic uncertainties and traders concerned about Trump’s policies, including his tariffs on favored trading partners, have led to massive outflows this year, helping push the price of Bitcoin down.
Still, this trend could soon be reversed, Bloomberg ETF analyst Eric Balchunas said, as Bitcoin is the real “hot sauce.”
“It’s not really a reflection of customer interest,” he said, adding gold catching up with Bitcoin again was simply down to “the market.”
“Most regular people want stocks and bonds and spice—they want real speculative stuff. So to me, gold isn’t hot sauce, and the fact that Bitcoin could act as hot sauce made it still a lot better over the past year than gold, even though gold is going up.”
“I just think that gold can never be hot sauce,” he said, adding that while gold has won the battle, Bitcoin could win the war in the medium- to long-term.
@ Newshounds News™
Source: Decrypt
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“Tidbits From TNT” Saturday Morning 3-15-2025
TNT:
Tishwash: Net foreign investment into Iraq declined by 48%.
The Iraqi Statistical Office issued an official report stating that net foreign investment into Iraq fell from $2.9 billion in the second quarter to just $1.5 billion, a decline of 48%.
Foreign direct investment plays a pivotal role in strengthening the Iraqi economy, as it contributes to reducing dependence on the state for foreign currency, in addition to supporting vital economic sectors, according to economic expert Manar Al-Obaidi.
TNT:
Tishwash: Net foreign investment into Iraq declined by 48%.
The Iraqi Statistical Office issued an official report stating that net foreign investment into Iraq fell from $2.9 billion in the second quarter to just $1.5 billion, a decline of 48%.
Foreign direct investment plays a pivotal role in strengthening the Iraqi economy, as it contributes to reducing dependence on the state for foreign currency, in addition to supporting vital economic sectors, according to economic expert Manar Al-Obaidi.
Meanwhile, the Iraqi government announced that net foreign direct investment over the past two years amounted to $63 billion, which contradicts official data released by the Iraqi Statistical Office link
Tishwash: The role of electronic payment in strengthening our banking system
Dr. Haitham Hamid Mutlaq Al-Mansour
In light of the rapid technological developments witnessed worldwide, financial and banking systems are facing radical transformations aimed at enhancing efficiency, transparency, and financial inclusion. Among these transformations, the electronic payment system stands out as a fundamental pillar in reforming banking systems, especially in developing countries like Iraq.
The Iraqi banking system, which has suffered for many years from structural challenges and weak infrastructure, has begun to witness positive transformations thanks to the adoption of electronic payment technologies.
Electronic payment affects the banking system in general through:
1. Increased confidence in the banking system: Electronic payments enhance customer confidence in the banking system by providing secure and fast payment methods. When individuals feel their financial transactions are secure and easy to conduct, they are more likely to deposit their money in banks rather than keeping it in cash.
2. Promoting financial inclusion: Electronic payments facilitate access to banking services for individuals and small businesses, especially in remote areas or areas with a lack of bank branches. When more people can open bank accounts and conduct financial transactions easily, this leads to increased deposit rates, as depositing money in banks becomes more attractive than keeping it outside the banking system.
3. Reducing reliance on cash: In economies that rely heavily on cash, deposit rates are relatively low due to the widespread cash culture. By adopting electronic payments, reliance on cash can be reduced and individuals and businesses can be encouraged to deposit their money in banks, leading to higher deposit rates.
4. Improving the efficiency of banking operations: Electronic payments reduce banks' operational costs, as they eliminate the need for traditional branches and their staff. This improvement in efficiency can translate into better returns on deposits, making them more attractive to savers.
5. Increased transparency and anti-corruption: Electronic payments enhance transparency in the financial system, as financial transactions become recorded and monitored. This reduces the risk of corruption and tax evasion, enhancing customer confidence in the banking system and encouraging deposits.
Global data clearly demonstrates the strong positive relationship between the spread of electronic payments and increased deposit rates in the banking system. It is noted that countries that have adopted effective electronic payment systems, such as China, India, and Kenya, have seen significant increases in deposit rates, demonstrating the impact of electronic payments on the banking system. This is as follows:
1. China:
It is one of the most advanced countries in the field of electronic payments, with more than 80% of the population relying on platforms such as Alipay and WeChat Pay. According to World Bank reports, deposit rates in China have increased significantly with the spread of electronic payments, with the deposit-to-GDP ratio reaching more than 180% in 2022. Electronic payments have contributed to increased financial inclusion, with the number of bank accounts increasing from 64% in 2011 to more than 90% in 2022.
2. India:
Following the launch of the Unified Payments Interface (UPI) system in India, bank deposits increased significantly. In 2022, the deposit-to-GDP ratio reached 75%, up from 60% in 2016. Electronic payments have contributed to an increase in the number of bank accounts from 35% in 2011 to more than 80% in 2022.
3. Kenya:
Kenya is a pioneer in the use of mobile payments through M-Pesa. Bank deposits have increased from 20% in 2007 to more than 70% in 2022, thanks to the spread of electronic payments and increased financial inclusion.
4. Sweden:
Sweden is one of the countries with the highest reliance on electronic payments, with cash transactions accounting for less than 1% of total transactions. Meanwhile, the Swedish deposit-to-GDP ratio is around 90%, reflecting high confidence in the banking system.
In Iraq, the deposit-to-GDP ratio remains relatively low compared to other countries, recording a 9% decline. However, since 2024, the banking sector has begun to witness a significant decline in the total value of deposits, with a 9% decline from IQD 133.5 trillion in 2023 to IQD 123.5 trillion in 2024. This decline is despite the increase in the number of bank accounts following the widespread adoption of electronic payments, which rose from 23% to approximately 50% in just a few years. This reveals the reasons behind the decline in the value of deposits in the banking system, especially in light of the Central Bank's move to promote electronic payment tools and increase reliance on the banking sector. This poses significant challenges for the government to address, developing medium- and long-term plans, and adopting supportive policies to address these challenges, which include the following:
1. Weak technological infrastructure: Iraq's telecommunications and internet networks continue to suffer from quality and coverage issues, hindering the effective implementation of electronic payment systems.
2. Low levels of financial literacy: A large portion of the population relies on cash transactions due to a lack of sufficient awareness of the benefits of electronic payment and how to use it.
3. Lack of a legal and regulatory framework: The implementation of electronic payment requires clear laws and regulations that govern electronic payment operations, protect consumer rights, and facilitate and enhance the flexibility of payment processes.
4. Security concerns: Some individuals still fear the risks of cyber-hacking and data theft, which limits their use of electronic payments. link
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Tishwash: A politician warns of the repercussions of Al-Kadhimi's return... he carries an American agenda.
Abdul Hamid al-Dulaimi, a member of the United Anbar Alliance, warned on Friday of the repercussions of the return of former Prime Minister Mustafa al-Kadhimi, describing him as carrying an American agenda that does not serve the people's interests.
In a statement to Al-Maalouma Agency, Al-Dulaimi said, "Former Prime Minister Mustafa Al-Kadhimi represents the last American card for Iraq, as he has clear plans to create widespread chaos in Iraq by fueling demonstrations to destabilize the country's security and stability for reasons that have become known to everyone, in addition to spreading political differences between the poles of the political process and planting a spirit of division among its components by strengthening the regional government over the center."
He added, "Al-Kadhimi's return to Baghdad carries within it American agendas, the outlines of which will become clear in the coming period, amid warnings from political and security sources of the repercussions of his return and its negative impact on the political process." He indicated that "Al-Kadhimi is working to attract the Sadrist movement by all means to strengthen his front and the illusions of those affiliated with the movement that his plan is in the interest of Iraq."
Finally, Al-Dulaimi stressed that “America follows a policy of planting its spies inside countries to implement its agenda as it deems appropriate for the interests of its country.” link
Mot: .... Ya KNows - as Ya Season - Ya Get To ~~~~
Mot: Lifes Choices - YOU Decide!!! Doughnuts or gym
More News, Rumors and Opinions Friday PM 3-14-2025
KTFA:
Clare: Iraqi forces kill "deputy caliph," one of the world's most dangerous terrorists
3/14/2025
Prime Minister and Commander-in-Chief of the Armed Forces, Mohammed Shia al-Sudani, announced on Friday the killing of the so-called "deputy background operative" of ISIS and one of the most dangerous terrorists in Iraq and the world.
Al-Sudani said in a statement received by Shafaq News Agency: "The Iraqis continue their dazzling victories over the forces of darkness and terrorism, as the heroes of the Iraqi National Intelligence Service.
KTFA:
Clare: Iraqi forces kill "deputy caliph," one of the world's most dangerous terrorists
3/14/2025
Prime Minister and Commander-in-Chief of the Armed Forces, Mohammed Shia al-Sudani, announced on Friday the killing of the so-called "deputy background operative" of ISIS and one of the most dangerous terrorists in Iraq and the world.
Al-Sudani said in a statement received by Shafaq News Agency: "The Iraqis continue their dazzling victories over the forces of darkness and terrorism, as the heroes of the Iraqi National Intelligence Service.
With the support and coordination of the Joint Operations Command and the International Coalition Forces, were able to kill the terrorist Abdullah Maki Musleh Al-Rifai, nicknamed (Abu Khadija), who holds the position of the so-called (deputy caliph, who holds the position of the so-called governor of Iraq and Syria, the head of the authorized committee, and the head of the foreign operations offices.
He added, "He is considered one of the most dangerous terrorists in Iraq and the world." LINK
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Clare: Iraq begins project to extend gas pipeline in Basra to feed power plants
3/14/2025
The Iraqi Ministry of Oil began, on Friday, a project to extend a gas pipeline in Basra Governorate, which supplies power plants.
The ministry said in a statement today that Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani Al-Sawad visited Khor Al-Zubair port today and supervised the project.
She stated that "the visit comes to follow up on the ongoing work inside Khor Al Zubair Port on the Adhraa platform, which is receiving the dry gas pipeline project supporting the power generation stations."
The statement continued, "The Oil Projects Company's staff is making great efforts to bring the project to advanced stages and implement it within the specified timeframe and according to the approved engineering and technical specifications, given its importance in supplying power plants with gas."
It is noteworthy that the project extends from the Khor Al-Zubair docks to the Shatt Al-Arab Regulator, with a length of 40 km and a diameter of 42 knots. Work is proceeding at a rapid pace on the project, within the approved standards, and is being implemented by the national effort cadres of the Company for Oil Projects (SCOP).
On Sunday, March 9, the Iraqi Parliament's Oil and Gas Committee revealed the Iraqi government's intention to import Gulf gas instead of Iranian gas following the recent US sanctions. The committee announced a project being rapidly implemented in Basra, in the far south of the country.
The waiver granted by the United States to Iraq from sanctions imposed on Iran expired on Saturday, March 8, 2025. Consequently, the Baghdad government will not be able to import the Iranian gas needed to operate power plants across the country.
Committee spokesman Ali Shaddad told Shafaq News Agency, "The Ministry of Electricity's problem is that it has established stations in Iraqi governorates that rely solely on gas, while the stations in Basra are combined and operate on gas, crude oil, and black oil, which has contributed to the stability of the electrical system in the governorate."
He explained that "the Prime Minister is personally following up on the progress of the gas pipeline project from the floating platform in Basra on a daily basis," noting that "the Ministry of Oil began work on it about 30 days ago and it will be completed at high speed within 120 days."
He added that "the completion rate has exceeded 30% so far," stressing that "the project will contribute to transporting Gulf gas in quantities of up to 200 cubic meters."
The US State Department recently confirmed the end of exemptions that had allowed Iraq to purchase electricity from Iran, as part of the Trump administration's "maximum pressure" policy against Tehran.
Washington emphasized its refusal to provide any economic relief to Iran, stating that the goal is to end the Iranian nuclear threat, limit its missile program, and prevent its support for armed groups.
For his part, Farhad Alaaldin, the Prime Minister's advisor for foreign affairs, confirmed to Reuters that "the expiration of the waiver poses temporary operational challenges for Iraq."
Alaa El-Din added that "the government is actively working to find alternatives to sustain electricity supplies and mitigate any potential outages," noting that "enhancing energy security remains a national priority, and efforts to boost domestic production, improve grid efficiency, and invest in new technologies will continue at full capacity."
For many years, Iraq has relied on importing electricity and gas from Iran, especially during the peak summer months. This relies on ongoing US waivers, which are issued multiple times each year.
In October 2024, Iraq signed an agreement with Turkmenistan to import gas in quantities of up to 20 million cubic meters per day via the Iranian pipeline network, using a swap mechanism to facilitate transportation. However, the agreement has not yet begun due to technical issues, the Ministry of Electricity recently announced. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat “When Irish Eyes Are Smiling“... we all should be smiling today and every day. We don’t have to wait until March 17th St Patrick’s Day to put that twinkle back in our eyes. If you are holding Iraqi dinar and you have enough, you are already a millionaire only you can’t go to the bank yet...Folks the longer we wait the closer we get. Get it?...Yes, the glass is always half full and the pot of gold is still sitting at the end of the rainbow. It has not moved. It is still there waiting for us. Just be patient.
Militia Man They haven’t exposed the ‘23 ‘24 ‘25 budget tables yet. We know they’re not going to do that until it passes the COM. They’re going to have to give that information to the Council of Ministers prior to ever getting to parliament. That’s just the way it works. It’s not their business until it’s after the fact that it’s exposed and the COM allows them to read it and see it. By that time Alaq has probably made his move.
USA’s Silver Stockpile is GONE – Expert Says “It’s Better Than Gold” | Mike Maloney
3-14-2025
Silver isn’t just the “new gold”—it may very well be better than gold.
In this explosive new video, Mike Maloney and Alan Hibbard reveal why silver’s unprecedented short positions, dwindling inventories, and enormous industrial demand could trigger an epic price surge.
From historical charts showcasing a once-in-16-lifetimes value gap to the looming short squeeze that could send silver skyrocketing, every indicator screams “undervalued.” Join Mike and Alan as they dissect silver’s tight supply, its lack of a “lender of last resort,” and real-world data that suggests a triple-digit silver price is on the horizon.
If you want to understand why big investors are paying close attention—and how you can position yourself for what could be one of the greatest precious metals moves of our time—don’t miss this must-watch discussion.
Seeds of Wisdom RV and Economic Updates Friday Afternoon 3-14-25
Good Afternoon Dinar Recaps,
RIPPLE BREAKS GROUND IN MIDDLE EAST: SECURES FIRST PAYMENT LICENSE
▪Ripple has become the first blockchain payments provider to receive official licensing from the Dubai Financial Services Authority (DFSA).
▪Ripple’s Middle Eastern expansion strategy started backin 2020 when the company established its regional headquarters in the DIFC.
Good Afternoon Dinar Recaps,
RIPPLE BREAKS GROUND IN MIDDLE EAST: SECURES FIRST PAYMENT LICENSE
▪Ripple has become the first blockchain payments provider to receive official licensing from the Dubai Financial Services Authority (DFSA).
▪Ripple’s Middle Eastern expansion strategy started backin 2020 when the company established its regional headquarters in the DIFC.
Ripple has become the first blockchain payments provider to receive official licensing from the Dubai Financial Services Authority (DFSA). With this approval, Ripple can tap into UAE’s $40 billion cross-border payments market.
On 13 March 2025, Ripple announced unlocking fully regulated cross-border crypto payments in the UAE, “bringing faster, cheaper, and more transparent transactions to a $40B market.”
Commenting on the development, Ripple CEO Brad Garlinghouse said, “We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity around the world and increasing institutional adoption.”
“Thanks to its early leadership in creating a supportive environment for tech and crypto innovation, the UAE is exceptionally well-placed to benefit,” he added.
Ripple’s First License In The Middle East
The company receiving operational rights within the Dubai International Financial Centre (DIFC) means that Ripple’s global payments product will be available for businesses in the UAE.
Welcoming Ripple to the Middle East, Arif Amiri, DIFC CEO said, ”We are thrilled that Ripple is deepening their commitment to Dubai by securing a DFSA license that makes them the first blockchain-enabled payments provider in DIFC.”
Ripple’s Middle Eastern expansion strategy started back in 2020 when the company established its regional headquarters in the DIFC.
“As the Middle East, Africa and South Asia’s leading global financial centre, DIFC is proud to support forward-thinking companies like Ripple as they shape the future of finance and accelerate the adoption of blockchain technology in the payments industry,” said Amiri.
UAE : Global Hub For Outbound Finance With $400bn+ Market For International Trade
Notably, Ripple insists that it is seeing increasing demand from across the Middle East, “from crypto-native firms and traditional financial institutions alike.”
According to a 2024 business survey carried out by Ripple, 64% of Middle East and Africa (MEA) finance leaders see faster payments and settlement times as the biggest value proposition for incorporating blockchain-based currencies into their cross-border payments business.
“Dubai and the broader UAE have established themselves as leaders in fostering a progressive and well-defined regulatory framework for digital assets,” said Reece Merrick, Ripple’s Managing Director for Middle East and Africa.
@ Newshounds News™
Source: 99 Bitcoins
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BINANCE FOUNDER CZ DENIES TRUMP FAMILY INVESTMENT, PARDON TALKS
The Wall Street Journal reported that representatives of the Trump family were in talks with Binance to take a stake in the exchange giant's U.S. arm. Reported in this morning's Dinar Recaps Blog, Source: Bitcoinist
Representatives for the family of U.S. President Donald Trump are holding discussions with Binance about investing in its U.S. arm, according to a Wall Street Journal report on Thursday.
The WSJ said that the exchange giant's founder Changpeng "CZ" Zhao, who is the firm's largest shareholder, was also seeking a pardon, citing people familiar with the matter. Zhao, who was then the company's CEO, pleaded guilty on money laundering charges in November 2023 and served four months in prison.
Zhao denied the WSJ report in an X post.
"The WSJ article got the facts wrong," he wrote Thursday. "Fact: I have had no discussions of a Binance US deal with…well, anyone."
@ Newshounds News™
Read more: Decrypt
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KENTUCKY SENATE PASSES BILL PROTECTING BITCOIN SELF-CUSTODY RIGHTS
Yesterday evening, the Kentucky Senate unanimously passed a bill aimed at protecting Bitcoin self-custody rights and digital asset mining operations. With a decisive 37-0 vote, the legislation, titled AN ACT relating to blockchain digital assets (HB 701), now moves to the Governor’s desk for final approval.
Sponsored by Representatives Adam Bowling and T.J. Roberts, the bill affirms the right of individuals to self-custody digital assets through self-hosted wallets. Additionally, it prevents local zoning laws from discriminating against digital asset mining businesses, ensuring that Bitcoin miners can operate freely within the state.
The bill outlines several key provisions, including:
▪Protection for Bitcoin self-custody: Individuals have the legal right to use and store digital assets in self-hosted wallets.
▪Prohibition of discriminatory zoning laws: Local governments cannot impose zoning changes that unfairly target digital asset mining businesses.
▪Exemptions from money transmitter licensing: Home Bitcoin miners and digital asset mining businesses are exempt from Kentucky’s money transmitter requirements.
▪Clarification of securities laws: Digital asset mining and staking as a service are explicitly not classified as securities under Kentucky law.
After passing through the Kentucky House with a 91-0 vote on February 28, 2025, the bill moved swiftly through the Senate. The March 13 vote saw full bipartisan support, with 37 senators voting in favor, zero opposed, and one not voting.
The legislation now awaits the Governor’s signature, which would officially enshrine Bitcoin self-custody protections and digital asset mining rights into Kentucky law. If signed, Kentucky will become one of the more Bitcoin-friendly states in the country, setting a precedent for other states to follow.
@ Newshounds News™
Source: Bitcoin Magazine
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Banking Crisis Warning: What Global Banks Aren’t Telling You
Banking Crisis Warning: What Global Banks Aren’t Telling You
Awake-In-3D March 12, 2025
Global banks are pulling back, signaling trouble ahead—here’s what they don’t want you to know.
The global financial system is sending a quiet but urgent warning—one that most people are overlooking. Banks are supposed to fuel economic growth by lending, but right now, they’re doing the opposite. Instead of putting money into businesses and households, they’re stockpiling government bonds at an alarming rate.
This shift isn’t random—it’s a calculated move that signals caution, not confidence. In times of financial uncertainty, banks act as early warning indicators. Their recent actions suggest a brewing banking crisis, one that could have far-reaching consequences for investors and policymakers alike.
Banking Crisis Warning: What Global Banks Aren’t Telling You
Awake-In-3D March 12, 2025
Global banks are pulling back, signaling trouble ahead—here’s what they don’t want you to know.
The global financial system is sending a quiet but urgent warning—one that most people are overlooking. Banks are supposed to fuel economic growth by lending, but right now, they’re doing the opposite. Instead of putting money into businesses and households, they’re stockpiling government bonds at an alarming rate.
This shift isn’t random—it’s a calculated move that signals caution, not confidence. In times of financial uncertainty, banks act as early warning indicators. Their recent actions suggest a brewing banking crisis, one that could have far-reaching consequences for investors and policymakers alike.
A Sudden Shift in Strategy
European banks recently embarked on an extraordinary bond-buying spree—the third largest on record. The last time we saw such a move was in April 2020, at the height of global economic panic during the pandemic. This sudden shift raises serious questions, particularly given one alarming detail: despite their enthusiasm for purchasing government bonds, these banks show remarkable reluctance to lend money to businesses and households.
Central Banks Are Losing Control
Central banks globally are aggressively cutting interest rates, publicly framing these measures as economic stimulus to spur borrowing, investment, and growth. Yet banks—the very institutions responsible for channeling money into the economy—are not responding as expected. Instead, they’re retreating, opting for safety over opportunity.
Why Banks Are Tightening Credit
Why are banks tightening credit instead of lending? Historically, when banks increase their holdings of government bonds, it’s a clear signal of caution. They perceive greater risk ahead and choose safety over profit. This behavior isn’t isolated to Europe:
China recently had to intervene with a bank bailout.
U.S. banks are tightening their credit standards.
Financial institutions worldwide are adopting defensive postures rather than aggressive lending strategies.
The Banking Crisis and Economic Warning Signs
The critical takeaway here is that low interest rates, often touted as a sign of a strengthening economy, often signal deeper underlying issues. Banks, well-positioned to detect early signs of economic trouble, indicate apprehension rather than optimism.
This trend warrants serious consideration. When banks collectively adopt defensive strategies, it often foreshadows broader economic challenges on the horizon. Investors and policymakers would do well to heed this signal and prepare accordingly.
How Investors Can Protect Themselves
So, what do savvy investors do in times like these? They shift their focus from volatile fiat currencies and unstable economic policies toward more reliable stores of value—most notably, hard assets like gold. History repeatedly demonstrates that during uncertain times, tangible assets offer a crucial hedge against financial turbulence.
The Bottom Line: Banking Crisis Signals Caution
In short, the current behavior of global banks is a quiet yet powerful indicator that caution, preparedness, and prudent investing strategies are more important now than ever.
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“Tidbits From TNT” Friday 3-14-2025
TNT:
Tishwash: Economist: Markets will face a recession during Eid due to weak purchasing power
Economic expert Salah Nouri predicted that market activity would be limited as Eid al-Fitr approaches, explaining that this is linked to the scale of citizen demand, which directly depends on purchasing power.
Nouri explained in an interview with Al Furat News Agency that "most citizens are low-income, low-level employees, and covered by social welfare, which affects the level of spending in the markets."
He also predicted that "the dollar exchange rate will decline on the parallel market in the coming period, due to low demand for purchases."
TNT:
Tishwash: Economist: Markets will face a recession during Eid due to weak purchasing power
Economic expert Salah Nouri predicted that market activity would be limited as Eid al-Fitr approaches, explaining that this is linked to the scale of citizen demand, which directly depends on purchasing power.
Nouri explained in an interview with Al Furat News Agency that "most citizens are low-income, low-level employees, and covered by social welfare, which affects the level of spending in the markets."
He also predicted that "the dollar exchange rate will decline on the parallel market in the coming period, due to low demand for purchases."
Local markets are experiencing an economic slowdown as the Eid season approaches, with economic experts pointing to the possibility of a recession due to weak consumer purchasing power.
This decline is attributed to several factors, most notably the rising cost of living and declining real income, which has negatively impacted buying and selling activity. link
Tishwash: Government Advisor: We Have a Large Financial Surplus Enough for Iraq to Cover Two Years of Imports
Mohammed Al-Najjar, the Prime Minister's Advisor for Investment Affairs, confirmed that the Central Bank has a large financial surplus sufficient for Iraq to cover two years of imports.
Al-Najjar said in the program "Under Two Lines," broadcast on Al-Iraqiya News, followed by the Iraqi News Agency (INA), that "the US administration is dealing positively with Iraq, contrary to what is being circulated in the media," noting that "there is a moderate discourse from the United States because the energy market cannot bear it."
He added, "The Central Bank has a large financial surplus sufficient for Iraq to cover two years of imports," stressing that "there are mechanisms that the Central Bank is working with the US Federal Reserve to structure."
He pointed out that "the government is currently implementing the banking reforms agreed upon between Washington and Baghdad," explaining that "everyone is trying to protect Iraq because it is not in their interest for Iraq to be exposed to any crisis."
He continued, "The cost of reconstruction and bridges in the country does not exceed 12 trillion dinars."link
************
Tishwash: MP Ali Shaddad sets the expected date for the budget tables to reach the House of Representatives and confirms that disagreements still exist.
Member of the Iraqi Council of Representatives, Ali Shaddad, said on Friday that amending Article (12) of the Budget Law for the three years (2023, 2024, 2025) is the reason for the delay in the current year's budget schedules reaching the Council of Representatives.
Shaddad expected the amendment of this controversial article between Baghdad and Erbil to be completed, and for the schedules to reach the Council of Representatives for discussion by the end of this March.
He pointed out that Article (12) of the Budget Law, which is being amended by the Council of Ministers, relates to the costs of producing the region's oil.
Shaddad explained to Noon News Agency that Article (12) indicated that the cost of producing and transporting one barrel of crude oil in the region amounts to $6, while the regional government believes that this amount is much less than the actual costs, due to the mountainous nature of the northern oil sites.
He pointed out that the region is also demanding an increase in its share of local fuel consumption, indicating that the central government and the Ministry of Oil do not have the authority to make this increase without referring to the Council of Representatives.
Shaddad hinted at internal and external pressures being exerted to expedite a final agreement to pass the budget and resume the region's oil exports via the Turkish port of Ceyhan. link
Mot: Splains alot -- HUH!!!
Mot: . ole ""Earl"" is Soooo Wise at Times!!!
News, Rumors and Opinions Friday 3-14-2025
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 Fri. 14 March 2025
Compiled Fri. 14 March 2025 12:01 am EST by Judy Byington
Judy Disclaimer: Please be aware that I can only report the news as I find it, try to credit articles with their original author and am not responsible for the content, which may or may not be true. I encourage you to do your own research and make up your own mind as to what is happening in this great War of Good Against Evil.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 14 March 2025
Compiled Fri. 14 March 2025 12:01 am EST by Judy Byington
Judy Disclaimer: Please be aware that I can only report the news as I find it, try to credit articles with their original author and am not responsible for the content, which may or may not be true. I encourage you to do your own research and make up your own mind as to what is happening in this great War of Good Against Evil.
Judy Note: “The Quantum Financial System (QFS) is an un-hackable, AI-driven network (allegedly) supported by the Secret Space Program which was in the process of replacing the old Swift Banking System.
“Very soon the QFS’s Global Currency Reset (GCR) will align all national currencies at a one-to-one exchange rate – with only gold or asset-backed currencies recognized and a value based on the nation’s assets, economy and population.
“For some time the QFS has been monitoring all banking transactions and gathering evidence of the Elites manipulation of the Swift system as they moved stolen wealth across the Globe. They never realized that the QFS was already tracking their actions in real time. The Alliance has used this data to expose financial crisis, leading to manipulations and the dismantling of central banking institutions.
“Our Global Financial System has been living on air. The Cabal’s financial arm Blackrock, the World’s largest holder of real estate, (allegedly) collapsed last week, with their assets across the World to soon follow, while their fiat US Federal Dollar has been worth nothing since it’s bankruptcy in 2008.
“Reportedly nine major nations, including the United States, Canada, Japan and Europe were insolvent and facing a collapse,” JFK Jr. announced on Thurs. 13 March 2025. “For years, these governments have recklessly printed money, racking up debt without a clear path to repayment.
“The Emergency Broadcast System (EBS) Disclosure will soon report a global stock market crash. The financial freeze could last between two to ten days where trillions of dollars vanished overnight, while Crypto-currencies, Bit-coin and major wallets took massive hits.
“Tier 4b (Us, the Internet Group who have bought foreign currencies and Zim Bonds) notification to exchange currencies and redeem bonds may soon act, (allegedly) followed by an end to the IRS and all tax systems.” …JFK Jr. on Telegram
~~~~~~~~~~
Global Currency Reset:
Thurs. 13 March 2025 Bruce:
British Admiralty Law and US Inc. were (allegedly) gone in the US, while Common Law is coming in over the weekend – that is part of Nesara.
The USTN (allegedly) replacing the fiat dollar is in the banks and Redemption Centers. We can get it when we go in for exchanges.
Gold backed Crypto Reserve is(allegedly) backing up our new US Note.
Under Nesara income tax (allegedly) goes away and will be replaced by a 15% consumption tax.
DOGE checks (allegedly) went out on Sun. night and Mon. morning. Some have received checks for $7,000 to $8,000. It is not known if they were DOGE checks or retirement checks. SS increases have not yet happened, but should by the end of the month.
Redemption Centers have higher rates on the Dinar (allegedly) and is the only place you can redeem Zim. There are (allegedly) benefits you get at the Redemption Center that you can’t get at a bank.
You (allegedly) get a Quantum Account at a Redemption Center.
Bond Holders get notified that they have funds in their account and when they have access to that money. As of yesterday at 4 pm Bond Holders were flying into Reno and Miami to get their accounts. They were funding Bond Holders Tues. through Saturday of this week.
Tier4b (us, the Internet Group) should get notified Friday 14 March or Saturday 15 March after the banks or markets close.
Redemption Centers will (allegedly) be doing exchanges beginning Sat. 15 March.
Redemption Centers will be exchanging for 14 days (some areas longer depending on the population).
Read full post here: https://dinarchronicles.com/2025/03/14/restored-republic-via-a-gcr-update-as-of-march-14-2025/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat Article: “DIGITAL CURRENCY IN IRAQ: CRISIS OF CONFIDENCE.. THE BIGGEST OBSTACLE” Article Quote: "Al-Sudani’s advisor pointed out that “90% of the monetary mass is outside the banking system, so Iraqi society deals with paper money, and it is unreasonable to immediately switch to digital currency overnight,“ ...a replacement of paper currency by a digital currency is not feasible at this time for Iraq but it will still be pushed in the future...this is a long-term project for Iraq and we will most likely be out of this investment and exchanged already by the time they do it...
Frank26 It is brilliant. You see delays. I see Paul Bunyan leaps. I see amazing advancements, yes in the monetary reform, but in the whole geopolitical structure of the Middle East which is important for the monetary reform of Iraq...Every day, every week you see advancements...in the field of security and stability. Security and stability is light. The Framework, Maliki, parliament is darkness. The light is overcoming the darkness every day.
Stock Market Cratering; Is This The "Big One"? | Gregory Mannarino
Liberty and Finance: 3-13-2025
Gregory Mannarino discusses the recent volatility in the stock market, emphasizing that the S&P 500 has entered a correction phase.
While he acknowledges the market’s sharp downturn, he suggests that this isn't the "big one" yet, as the true crisis will stem from a collapse in the debt market.
Mannarino points out that the instability in the bond market is sending troubling signals, with rising yields and a weakening U.S. dollar.
He stresses that the stock market, although experiencing significant sell-offs, is not yet facing the catastrophic meltdown that could follow a debt market crash.
Ultimately, Mannarino suggests caution, urging people to monitor the debt and dollar movements closely as key indicators of deeper financial distress.
INTERVIEW TIMELINE:
0:00 Intro
1:30 Stock market cratering
13:13 Contracting economy
20:30 Preparedness
Seeds of Wisdom RV and Economic Updates Friday Morning 3-14-25
Good Morning Dinar Recaps,
TRUMP FAMILY ALLEGEDLY IN TALKS TO ACQUIRE BINANCE US STAKE AS CZ ‘SEEKS’ PARDON – REPORT
A recent report alleges that the Trump Family has been in talks to take a stake in crypto exchange Binance’s US arm, which could facilitate the company’s return to the country. Simultaneously, the exchange’s co-founder, Changpeng Zhao, also known as “CZ,” has allegedly been “pushing” for a pardon from the Trump administration.
Good Morning Dinar Recaps,
TRUMP FAMILY ALLEGEDLY IN TALKS TO ACQUIRE BINANCE US STAKE AS CZ ‘SEEKS’ PARDON – REPORT
A recent report alleges that the Trump Family has been in talks to take a stake in crypto exchange Binance’s US arm, which could facilitate the company’s return to the country. Simultaneously, the exchange’s co-founder, Changpeng Zhao, also known as “CZ,” has allegedly been “pushing” for a pardon from the Trump administration.
Trump Family In ‘Deal Talks’ For Binance US Stake?
On Thursday, The Wall Street Journal (WSJ) reported that representatives of US President Donald Trump’s family have held talks to acquire a financial stake in Binance US since 2024. According to people familiar with the matter, the talks allegedly began as part of the global exchange’s plan to return to the US.
Binance reportedly contacted Trump’s camp, offering a business deal with the Presidential Family. The company “began exploring a return to the U.S. market last year around the time of Trump’s election win” and “told people it was willing to make a deal with Trump’s company and wanted to eliminate its legal problems,” the report states.
However, it was unclear how the Trump family stake would come together if they struck a deal. The WSJ sources said the options included the deal going through the Trump family crypto venture, World Liberty Financial (WLF).
Moreover, Steve Witkoff, the United States Special Envoy to the Middle East, was seemingly involved in the deal talks. Witkoff is a co-founder of WLF, but a Trump administration official denied any involvement, adding that he is “in the process of divesting from his business interests.”
The report claims that “After Trump won, Binance set up a working group under CEO Richard Teng, which included senior legal and compliance staff, to assess options. Executives knew that Zhao’s conviction complicated any return, as it would be difficult to sign up new commercial partners in the U.S. with a felon as a majority shareholder.”
As a result, the company executive “saw a potential legal playbook in the saga of Justin Sun,” who recently had the Securities and Exchange Commission (SEC) pause its lawsuit against him. This route consisted of “a cash infusion into World Liberty Financial in exchange for a pardon for Zhao,” the sources told the news media outlet.
CZ Denies Claims Of “Pushing” For A Pardon
The report also stated that Changpeng Zhao, Binance’s co-founder and largest stakeholder, has been “pushing for the Trump administration to grant him a pardon” amid the deal talks, which allegedly continued after the US President’s inauguration.
The news caused outrage among several crypto investors, who considered the potential financial deal for a pardon “the cherry on top” of the recent TRUMP and MELANIA memecoin controversies.
CZ responded to the report, denying the allegations. In an X post, he stated, “The WSJ article got the facts wrong.” He explained that over 20 people informed him they had been asked to confirm the “deal for a pardon” by the WSJ and other media outlets.
According to the Binance founder, he has not discussed a Binance US deal with anyone but noted, “No felon would mind a pardon, especially being the only one in US history who was ever sentenced to prison for a single BSA charge.”
To him, “they tried hard to make a story to report,” while the article feels like “an attack on the President and crypto, and the residual forces of the ‘war on crypto’ from the last administration are still at work.”
Meanwhile, Bloomberg reported on Thursday that WLF “has discussed doing business with the world’s largest digital-asset exchange, Binance Holdings Ltd., according to four people with knowledge of the talks.”
The article stated that it is unclear what stage these discussions reached but included the possibility of the crypto exchange developing a US-backed stablecoin with the Trump Family’s crypto venture.
@ Newshounds News™
Source: Bitcoinist
~~~~~~~~~
BRAZIL TO PUSH CRYPTOCURRENCY AS A PRIORITY FOR INTERNATIONAL BRICS TRADE
Brazil will push crypto initiatives, including a blockchain payment system, to expedite international trading as part of its presidency at BRICS this year. Local media stated this would be a priority for the South American giant’s plans for the organization.
Brazil to Push Hard for Crypto Implementation in BRICS Trade
The agenda of Brazil as president of the BRICS bloc will feature an unlikely topic: crypto. Brazilian authorities are preparing to introduce proposals for the organization to consider cryptocurrency as a solution for international settlements both inside and outside the bloc.
Local journal “O Globo” noted that this topic would be a priority as Brazil is now the President of BRICS, taking the mantle from Russia. The proposal would support the need to expedite financial transactions among group members, and reduce the dependence on foreign currencies like the U.S. dollar.
While the idea of a BRICS common currency was floated before, with economists like Jim Rickards predicting it would leverage gold to undermine the dollar, this has not been suggested. Instead, BRICS is focusing on designing an efficient payment system to make use of digital national currencies or even stablecoins, which are already being used in international settlements, though informally.
President Donald Trump opposed the BRICS currency idea, proposing a 100% tariff regime if the organization abandoned the U.S. dollar for a new currency, defending the dollar’s role as the world’s trading coin.
Brazil could also present a system like Pix, that uses different networks and systems based on fiat currencies. Nonetheless, this might raise worries about the sovereignty and independence of the system, as fiat currencies might be subject to different regulatory standards.
Russian officials have confirmed that BRICS is indeed taking this as a priority, hosting talks to determine the best course of action in this regard. Last month, Russian Foreign Minister Sergey Lavrov stressed that President Luis Inacio Lula Da Silva had taken the initiative in this field, examining the creation of a so-called transborder payment initiative, the creation of a reinsurance company, and the BRICS Clear settlement and depositary infrastructure.
@ Newshounds News™
Source: BitcoinNews
~~~~~~~~~
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Seeds of Wisdom RV and Economic Updates Thursday Evening 3-13-25
Good Evening Dinar Recaps,
BREAKING XRP NEWS: SEC REVEALS SWIFT REPLACEMENT WITH XRP!
Big news is shaking up the financial world! The Securities and Exchange Commission (SEC) just dropped a bombshell by publishing a document that suggests the potential replacement of the SWIFT system with XRP. This could be a game-changer for international money transfers and the entire banking system. Let’s dive into what this means and why it matters.
Understanding the SWIFT System
First off, let’s discuss what SWIFT is. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has been the backbone of international banking for decades.
Good Evening Dinar Recaps,
BREAKING XRP NEWS: SEC REVEALS SWIFT REPLACEMENT WITH XRP!
Big news is shaking up the financial world! The Securities and Exchange Commission (SEC) just dropped a bombshell by publishing a document that suggests the potential replacement of the SWIFT system with XRP. This could be a game-changer for international money transfers and the entire banking system. Let’s dive into what this means and why it matters.
Understanding the SWIFT System
First off, let’s discuss what SWIFT is. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has been the backbone of international banking for decades.
It allows banks and financial institutions to send and receive information about financial transactions in a secure and standardized way. However, with the rise of blockchain technology and cryptocurrencies, there have been increasing calls for a more efficient system.
What is XRP?
XRP is a digital currency created by Ripple Labs, designed specifically for fast and low-cost international transactions. Unlike Bitcoin, which can take several minutes to confirm a transaction, XRP transactions are settled in just a few seconds. This speed and efficiency make it a strong contender for replacing traditional systems like SWIFT.
Why the SEC’s Document is Significant
The SEC’s recent publication is significant for multiple reasons. First, it indicates a shift in perception within regulatory bodies about the use of cryptocurrencies in mainstream finance. By mentioning XRP as a potential replacement for SWIFT, the SEC is acknowledging the growing influence of digital currencies and their capacity to transform the financial landscape.
Potential Benefits of Replacing SWIFT with XRP
Imagine conducting cross-border transactions without the delays and high fees associated with traditional banking systems. Replacing SWIFT with XRP could lead to:
Faster Transactions: As mentioned earlier, XRP processes transactions in seconds, which is a massive improvement over SWIFT’s typical processing times.
Lower Costs: Transaction fees for using XRP are significantly lower than those associated with SWIFT, which could save banks and consumers money.
Increased Accessibility: With XRP, individuals and businesses without access to traditional banking systems may find it easier to engage in international trade.
Challenges Ahead
While the prospects of replacing SWIFT with XRP are exciting, there are challenges to consider. Regulatory hurdles remain a significant concern. The SEC and other regulatory bodies will need to establish clear guidelines for how cryptocurrencies can be used in traditional finance.
Additionally, banks and financial institutions would need to invest in new technology to support XRP transactions, which could be a barrier to adoption.
The Future of International Transactions
As we look to the future, the idea of integrating XRP into the global financial system is becoming more viable. The SEC’s document is a pivotal step toward legitimizing the use of cryptocurrencies in mainstream finance. If XRP can effectively replace SWIFT, it could lead to a more efficient, transparent, and equitable global financial system.
Community Reactions
The community’s reaction to this news has been overwhelmingly positive. Many XRP enthusiasts are expressing their excitement on social media platforms, envisioning a future where XRP is widely accepted for international transactions. As JackTheRippler tweeted, the implications of this announcement could be massive for holders of XRP and for the crypto market as a whole.
Conclusion: What’s Next?
So, what’s next? The world will be closely watching how the SEC navigates this groundbreaking moment in financial history. Will other countries follow suit? What will be the response from traditional banks? The possibilities are endless, and it’s clear that the landscape of international finance is evolving rapidly.
In the meantime, it’s essential for investors and consumers to stay informed. The potential shift from SWIFT to XRP could redefine not just how we think about money, but also how we interact with the global economy. As always, do your research and stay updated on the developments surrounding XRP and the SEC’s ongoing activities.
@ Newshounds News™
Source: TrendsNewsLine
~~~~~~~~~
US LAW ENFORCEMENT CONFISCATES 749 BITCOIN TIED TO DECADE-OLD SILK ROAD CRIMES
U.S. authorities seized approximately 749 Bitcoin, valued at $62.5 million, tied to a Silk Road drug trafficking and money laundering operations, according to a March 12, 2025, Forbes report.
Silk Road Legacy Continues: $62.5M Bitcoin Seized in Latest Crackdown
The seizure, ordered by the U.S. Attorney for the Western District of Texas, targeted assets connected to two unnamed individuals: a former Silk Road drug vendor and an accomplice who laundered proceeds through cryptocurrency exchanges. Alongside bitcoin, Forbes reported that authorities confiscated hundreds of thousands in foreign currencies, gold coins, and bars.
The illicit funds were traced to transactions on Silk Road, a dark web marketplace shuttered in 2013 after its founder was arrested.
Despite its closure, law enforcement has continued recovering digital assets tied to the platform. The recent operation marks the latest in a series of seizures, including a record multi-billion-dollar bitcoin confiscation in 2021.
Investigators uncovered the operation after the suspects moved bitcoin from Silk Road through multiple accounts and converted it to cash via the now defunct peer-to-peer platform Localbitcoins.
Suspicious deposits flagged by Gemini, a U.S.-based cryptocurrency exchange, alerted authorities, enabling the seizure through a civil forfeiture action.
The case shows law enforcement’s advancing ability to trace cryptocurrency transactions, even years after crimes occur. The report stressed that blockchain analysis, combined with cooperation from exchanges implementing anti-money laundering protocols, played a critical role. Gemini’s involvement highlights exchanges’ evolving role in combating financial crimes.
Silk Road, once a hub for anonymous drug sales using bitcoin, generated an estimated 9.5 million bitcoin in sales before its shutdown.
While its founder Ross Ulbricht has been fully pardoned, the Forbes report said that authorities remain committed to pursuing residual assets.
This seizure aligns with broader efforts to deter dark web activity by demonstrating that crypto gains are not beyond reach.
The $62.5 million recovery adds to over $4 billion in Silk Road-linked assets seized since 2013. Proceeds from such actions often fund victim compensation or law enforcement initiatives. Experts note the operation reinforces the dual realities of cryptocurrency: its potential for anonymity and its vulnerability to forensic scrutiny.
No criminal charges have been filed against the individuals involved, suggesting the investigation remains active. The U.S. Department of Justice has yet to comment on potential further actions.
@ Newshounds News™
Source: Bitcoin News
~~~~~~~~~
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The #1 Asset for Market Crashes—Do You Own It?
The #1 Asset for Market Crashes—Do You Own It?
Gold has long been considered one of the best hedges against economic downturns due to its unique properties and historical performance.
Here’s a detailed explanation, backed by numbers and facts, of why gold is a reliable safe-haven asset:
Gold’s Performance During Economic Crises
2008 Financial Crisis: During the global financial crisis, gold prices surged as investors sought safety. From November 2007 to March 2009, the S&P 500 fell by approximately 56%, while gold prices rose by about 25%.
The #1 Asset for Market Crashes—Do You Own It?
Gold has long been considered one of the best hedges against economic downturns due to its unique properties and historical performance.
Here’s a detailed explanation, backed by numbers and facts, of why gold is a reliable safe-haven asset:
Gold’s Performance During Economic Crises
2008 Financial Crisis: During the global financial crisis, gold prices surged as investors sought safety. From November 2007 to March 2009, the S&P 500 fell by approximately 56%, while gold prices rose by about 25%.
COVID-19 Pandemic (2020): In the early stages of the pandemic, global markets experienced a sharp sell-off. Gold initially dropped due to a liquidity crunch but quickly rebounded. From March 2020 to August 2020, gold prices rose by over 35%, reaching an all-time high of $2,075 /oz in August 2020.
1970s Stagflation: During the stagflation period of the 1970s (high inflation and stagnant economic growth), gold prices skyrocketed. From 1971 to 1980, gold prices increased by over 2,300%, from $35/oz to apeakof850 /oz.
Gold as a Hedge Against Inflation
Gold is often seen as a store of value during periods of high inflation. Unlike fiat currencies, which can lose value due to excessive money printing, gold maintains its purchasing power over time.
Example: During the high inflation years of the 1970s, the U.S. dollar lost significant value, but gold prices surged. From 1971 to 1980, the U.S. inflation rate averaged 7.1% annually, while gold prices increased by an average of 30% per year.
2021-2023 Inflation Surge: In 2021-2022, global inflation spiked due to supply chain disruptions and post-pandemic recovery. Gold prices remained resilient, averaging $1,800−$2,000/oz, as investors turned to gold to protect against eroding purchasing power.
Gold’s Low Correlation with Other Assets
Gold has a low or negative correlation with stocks and bonds, making it an effective diversifier in a portfolio. During economic downturns, when equities and other risk assets typically decline, gold often performs well.
Correlation Data:
Gold vs. S&P 500: Historically, the correlation between gold and the S&P 500 has been close to zero or slightly negative.
Gold vs. U.S. Treasuries: Gold’s correlation with bonds is also low, making it a complementary asset in a diversified portfolio.
Gold’s Role in Currency Devaluation
Gold is priced in U.S. dollars, so when the dollar weakens, gold prices tend to rise. This makes gold a hedge against currency devaluation.
Example: From 2001 to 2011, the U.S. dollar index (DXY) fell by approximately 33%, while gold prices rose by over 600%, from around $250/oz to a peak of $1,920/oz in 2011.
Central Bank Demand for Gold
Central banks around the world hold gold as part of their reserves to diversify away from fiat currencies and reduce reliance on the U.S. dollar. This institutional demand supports gold prices during economic uncertainty.
Fact: In 2022, central banks purchased 1,136 tons of gold, the highest level of annual demand since 1950. This trend continued into 2023, with central banks adding 228 tons of gold in Q1 alone.
Gold’s Long-Term Performance
Over the long term, gold has consistently preserved wealth and outperformed many other asset classes during periods of economic instability.
Fact: From 1971 (when the gold standard was abandoned) to 2023, gold prices have increased from $35/oz to over $1,900 /oz, representing an annualized return of approximately 7.8%.
Gold’s Liquidity and Universality
Gold is a highly liquid asset that can be easily bought or sold in global markets. It is universally recognized as a store of value, making it a reliable hedge in times of crisis.
Fact: The global gold market is one of the largest and most liquid markets, with an average daily trading volume of over $150 billion.
Gold’s Performance During Geopolitical Crises
Gold tends to perform well during geopolitical tensions or conflicts, as investors seek safety.
Example: During the Russia-Ukraine war in 2022, gold prices surged to $2,070 /oz in March 2022 as investors fled to safe-haven assets.
Why Gold is a Top Hedge
Preserves Wealth: Gold maintains its value over time, especially during inflation and currency devaluation.
Performs Well in Crises: Gold has historically risen during economic downturns, stock market crashes, and geopolitical tensions.
Diversifies Portfolios: Its low correlation with other assets reduces overall portfolio risk.
Central Bank Support: Institutional demand for gold provides a strong floor for prices.
Liquidity and Universality: Gold is easy to trade and recognized globally as a store of value.
Key Numbers to Remember:
2008 Financial Crisis: Gold rose 25% while the S&P 500 fell 56%.
1970s Stagflation: Gold surged 2,300% from $35 to $850/oz.
2020 Pandemic: Gold hit an all-time high of $2,075 /oz.
Central Bank Demand: Over 1,100 tons of gold purchased in 2022, the highest since 1950.
Gold’s historical performance and unique characteristics make it one of the best hedges against economic downturns, inflation, and market volatility. Including gold in your portfolio can help protect your wealth during uncertain times. LINK
More News, Rumors and Opinions Thursday PM 3-13-2025
Ariel : We are on the Cusp of a Revamp of Civilization
Watcher.Guru: JUST IN: SEC preparing to end lawsuit against Ripple $XRP.
What did we all cover on this topic?
Do you know how your entire world is about to change forever once this happens?
We are on the cusp of a revamp of civilization as we know it. And you all are witnesses this 1st hand.
Ariel : We are on the Cusp of a Revamp of Civilization
Watcher.Guru: JUST IN: SEC preparing to end lawsuit against Ripple $XRP.
What did we all cover on this topic?
Do you know how your entire world is about to change forever once this happens?
We are on the cusp of a revamp of civilization as we know it. And you all are witnesses this 1st hand.
You have every right to be excited about this. We are moving away from the archaic banking predatory practices.
You will be dealing with a Peer-to-Peer financial traction that will eliminate the middle man.
And you can do this with a 24 hour financial system that takes no breaks or some drawn out process to transfer money while the banks play around with it.
This is amazing news for all of us. We should be seeing Iraq make their moves very soon. I think this is on schedule to happen tomorrow.
Glitch The Yorkie: We are standing at the edge of an economic paradigm shift—one that decentralizes power, eliminates unnecessary friction, and hands financial sovereignty back to the people. The death grip of archaic banking systems is loosening, and what comes next is nothing short of revolutionary. A peer-to-peer, 24/7 financial ecosystem isn’t just an upgrade; it’s a full-scale liberation from institutional control. If Iraq moves forward as expected, this could be the catalyst that ignites a global financial transformation. Stay sharp—history is unfolding in real time.
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is saying...there will be another meeting...Why they keep having these meetings? FRANK: IMO they have agreed upon a target date of when to show the new exchange rate. IMO right now what Mr. Sammy's bank is doing is applying a new software...that deals with foreign currency. Because your currency must be recognized by the world. Your new Iraqi dinar will be one of a few currencies that will turn. This software is being presented to all the banks...exchange centers in preparation...
Walkingstick [Iraqi bank friend Aki update] AKI: Busy, very busy. We are finishing up a training on a new software that we have applied to all of our banks. Here, my private bank is also now being part of it. This software is called multi-currency sync software. The purpose of this software is to update the world, the banks, Forex, everybody that will need to know this, to update them on the new currency that we will be purring out...It is going to include the pictures of the lower denominations... WALKINGSTICK: Hasn't this software been around for a while? AKI: Yeah, but this is a new updated software...We're pretty much done with this. We've been at it for a long time.
Gold & Silver Prices Skyrocket: Is the Financial System on the Brink of Collapse?
Wall Street Bullion: 3-13-2025
Gold Price & Silver Price are skyrocketing this week! Will Gold hit $3,000? Why is this happening?!? Is central bank collapse imminent? Florian Grummes joins us to discuss gold & silver prices that are set to skyrocket!
LIVE! YES... ITS WAY WORSE THAN WE THINK! (AND WITH THAT, BE READY FOR ANYTHING).
Greg Mannarino: 3-13-2025