
Seeds of Wisdom RV and Economic Updates Thursday Afternoon 5-8-25
Good Evening Dinar Recaps,
MISSOURI BILL ENDING CAPITAL GAINS TAX HEADS TO GOVERNOR FOR SIGNATURE
Missouri will become the first US state to eliminate the levy if Governor Mike Kehoe signs the bill into law.
Missouri House Bill 594, a bill that would eliminate capital gains tax in the state, has passed a vote in the House of Representatives and now heads to the governor’s desk.
Good Evening Dinar Recaps,
MISSOURI BILL ENDING CAPITAL GAINS TAX HEADS TO GOVERNOR FOR SIGNATURE
Missouri will become the first US state to eliminate the levy if Governor Mike Kehoe signs the bill into law.
Missouri House Bill 594, a bill that would eliminate capital gains tax in the state, has passed a vote in the House of Representatives and now heads to the governor’s desk.
According to attorney Aaron Brogan, the bill stipulates a 100% income tax deduction for any capital gains income because Missouri’s tax code does not explicitly distinguish between capital gains and income tax.
Brogan compared the bill’s structure to the federal SALT deduction, but called it “the inverse, which I have never seen before.”
The bill’s timing is notable as it follows proposals from President Donald Trump to overhaul the federal income tax system through comprehensive reform.
Trump proposes eliminating federal income tax in the United States
Trump has proposed offsetting or eliminating federal income tax, replacing it with revenue from import tariffs.
“When Tariffs cut in, many people’s income taxes will be substantially reduced, maybe even completely eliminated… The focus will be on people making less than $200,000 a year,” Trump wrote on April 27 via Truth Social.
He added this would incentivize factory jobs to return to the US by avoiding import duties on finished products.
However, market reaction has been overwhelmingly negative:
Stock markets lost trillions following tariff announcements.
Crypto markets shed hundreds of billions in value.
Bond yields spiked, signaling investor flight from US debt.
@ Newshounds News™
Source: CoinTelegraph
~~~~~~~~~
COINBASE ACQUIRES CRYPTO DERIVATIVES EXCHANGE DERIBIT FOR $2.9 BILLION
Today Coinbase confirmed it has agreed to acquire Deribit, the largest crypto options exchange, for $2.9 billion, including $700 million in cash with the balance in stock.
Deribit may not be the number one overall in crypto derivatives, but it is the world leader in crypto options. It currently has more than $30 billion in open interest. Coinbase already has a derivatives subsidiary, which is particularly active in perpetual futures, so Deribit complements this well. The acquirer claims the combination will make it the derivatives market leader.
“We’re excited to join forces with Coinbase to power a new era in global crypto derivatives,” said Deribit CEO Luuk Strijers. “As the leading crypto options platform, we’ve built a strong, profitable business, and this acquisition will accelerate the foundation we laid while providing traders with even more opportunities across spot, futures, perpetuals, and options – all under one trusted brand.”
Beyond market position, Coinbase highlighted financial benefits, noting that Deribit will help to even out its earnings by diversifying revenue streams because options earnings are less cyclical compared to spot.
Deribit was founded in the Netherlands but operated out of Panama for several years, before moving recently to Dubai. A key driver was to provide regulatory certainty to its institutional clients, which make up 80–90% of its client base.
The transaction is expected to close by the end of the year, subject to regulatory approvals.
@ Newshounds News™
Source: Ledger Insights
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
Newshound's News Telegram Room Link
Follow the Roadmap
Follow the Timeline
Seeds of Wisdom Team™ Website
Thank you Dinar Recaps
Gold Can be Used to Rebalance the Global Economy Without a World War
Luke Gromen: Gold Can be Used to Rebalance the Global Economy Without a World War
Palisades Gold Radio: 5-8-2025
Tom welcomes back Luke Gromen of Forest For The Trees back to the show. The discussion delves into complex economic and geopolitical dynamics, focusing on how global powers might navigate a transition away from the dollar-based system towards a neutral reserve asset like gold.
He begins by highlighting that the current dollar-centric system is unsustainable due to high deficits and debt levels. A potential solution, he suggests, involves using gold as a neutral reserve asset, which would allow commodities to be priced in multiple currencies and facilitate trade settlements.
Luke Gromen: Gold Can be Used to Rebalance the Global Economy Without a World War
Palisades Gold Radio: 5-8-2025
Tom welcomes back Luke Gromen of Forest For The Trees back to the show. The discussion delves into complex economic and geopolitical dynamics, focusing on how global powers might navigate a transition away from the dollar-based system towards a neutral reserve asset like gold.
He begins by highlighting that the current dollar-centric system is unsustainable due to high deficits and debt levels. A potential solution, he suggests, involves using gold as a neutral reserve asset, which would allow commodities to be priced in multiple currencies and facilitate trade settlements.
This shift could create a more balanced and resilient global economic framework.
Moving on to geopolitical implications, Gromen notes that the conflict in Ukraine has underscored the limitations of conventional military strategies, shifting the balance of power dynamics. He points out that countries like Russia and China are driving efforts to move away from the dollar system, which necessitates a new economic framework.
This transition is not just an economic shift but also a significant geopolitical realignment. Luke emphasizes the importance of incentives for avoiding direct military confrontation with major powers.
He explains that such conflicts are strategically unwise due to nuclear deterrence and the deep interdependence of economies. Instead, he argues that negotiating a new economic order aligns with long-term strategic interests and avoids the catastrophic consequences of war.
Drawing on historical context, Mr. Gromen observes that the post-World War II debt-based economy is nearing its limits, making it imperative to return to a more sustainable model.
He suggests that transitioning to gold as a reserve asset could reboot global economies, fostering stability and growth without resorting to conflict.
This approach not only addresses current economic challenges but also positions nations for future prosperity.
Time Stamp References:
0:00 - Introduction
0:55 - Tariffs & China's Response
5:52 - Trade Disruption & Inflation
8:26 - Inflation & Real Rates
10:35 - Bessent Put & Move Index
12:26 - Treasury Auction Thoughts
16:45 - W. Buffett Cash Reserve
22:14 - Inv. Funds and Mandates
23:53 - News Cycle/Gold Theory
31:00 - Chinese Fin. Officials
34:46 - Large U.S. Gold Imports
40:48 - Official Denial/Confirm
44:44 - Revaluing Gold Reserves
48:28 - Gold Backed Treasuries?
51:49 - Gold Pricing Cui Bono
54:17 - Oil/Dollar Scenarios
1:02:03 - Russia/Saudi & Oil Mkts.
1:03:39 - Economics & Derisk. Conflict
1:14:53 - Incentives & Ukraine
1:17:17 - End of Debt as Assets Era
1:21:30 - Wrap Up
“Bits and Pieces” in Dinarland Thursday 5-8-2025
Robinhood Just Bought Bitstamp for $200 Million
589bull: 5-8-2025
ROBINHOOD JUST BOUGHT BITSTAMP FOR $200M.
Bitstamp is RippleNet royalty.
One of the oldest, most compliant exchanges on Earth.
Deep ODL integration.
XRP liquidity hub.
Licenses in 50+ jurisdictions.
Robinhood Just Bought Bitstamp for $200 Million
589bull: 5-8-2025
ROBINHOOD JUST BOUGHT BITSTAMP FOR $200M.
Bitstamp is RippleNet royalty.
One of the oldest, most compliant exchanges on Earth.
Deep ODL integration.
XRP liquidity hub.
Licenses in 50+ jurisdictions.
And they sold for $200M?
Yeah… nah. That’s strategic positioning, not price discovery.
Bitstamp gives Robinhood:
• Global rails
• Institutional client access
• Staking & lending backend
• XRP corridors already operational
That’s a reset utility node acquisition.
Robinhood isn’t the real player here. Look deeper.
You’re watching a handoff:
Regulators.
Treasury-friendly players.
Backdoor access to Ripple corridors.
This wasn’t a buyout. It was a chess move.
Ask yourself this:
If Bitstamp’s so critical to XRP flow… Why would they sell now?
Simple: The reset is coming online.
Control over the pipes matters more than control over the coins.
You don’t need to own XRP to control XRP. Own the rails. Own the exchanges. Own the gateways.
Robinhood just became a gatekeeper. And they got it for pennies. You’re watching financial infrastructure consolidate.
They just bought the bridge. And now they’re tolling it.
Source(s):
https://x.com/589bull10000/status/1920160624979415310
https://dinarchronicles.com/2025/05/08/589bull-robinhood-just-bought-bitstamp-for-200-million/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man It's not the central bank's job to tell you when a revaluation is going to happen. They're not going to tell you what rate it's going to be. There could be indicators...Let them do what they do. The cool part is we can see they are moving towards a digitalization of the government, borders and what they talked about launching, a digital dinar. And we have the IMF talking about them using dinar in foreign transfers. Let that sink in.
Frank26 Article: "Trump teases 'very, very big announcement' ahead of Middle East trip, Carney says he's 'on edge of my seat'" This announcement may be related to the Iraqi dinar...Now he may go to Baghdad. This is seriously swelling up for a reason, a purpose. Let's see what it turns out to be. Let's see what his announcement is...It's either about Iran or Iraq. That's what's on his mind, to play fair with the American currency...It's either Iraq or Iran and you know something? ...I'll take either one!
Mnt Goat When the new rate for the Iraq dinar is reinstated on FOREX it will happen to the entire world all at once no matter what time zone...There will be no insider trading. When FOREX opens it opens...There are no such “tiers” for exchanging nor “redemption” centers...We We will be conducting a simple currency exchange at the bank.
CENTRAL BANK COLLAPSE IMMINENT! Rafi Farber's MUST-SEE 2025 Gold & Silver Price PREDICTION!
5-7-2025
When is the next silver squeeze going to happen? What will happen to the silver price? Is central bank collapse imminent? Rafi Farber joins us to discuss gold & silver prices that are set to skyrocket!
Bail-In Risk Rises as Shadow Banks Hit 49% of Global Assets
Taylor Kenny: 5-8-2025
Shadow banking, hedge funds, and extreme leverage—a $250 trillion risk hiding outside traditional regulation. Taylor Kenney exposes how unaccountable private equity firms are gambling with your savings, and what happens when these hidden risks come crashing down. Discover why the next financial crisis may already be unfolding in the shadows.
News, Rumors and Opinions Thursday 5-8-2025
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 Thurs. 8 May 2025
Compiled Thurs. 8 May 2025 12:01 am EST by Judy Byington
Global Currency Reset:
Tues. 6 May 2025 A small bank in Alabama has suspended services from Thurs. 8 May to Mon. 12 May saying customers will then be able to access a new digital platform. …Jordan Clark on X
Tues. 6 May 2025 The Big Call Bruce: A High up source with Wells Fargo said Tier4b (us, the Internet Group) could (allegedly) get 800s sometime between now and Thurs. 8 May 2025 and then immediately begin our appointments.
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 Thurs. 8 May 2025
Compiled Thurs. 8 May 2025 12:01 am EST by Judy Byington
Global Currency Reset:
Tues. 6 May 2025 A small bank in Alabama has suspended services from Thurs. 8 May to Mon. 12 May saying customers will then be able to access a new digital platform. …Jordan Clark on X
Tues. 6 May 2025 The Big Call Bruce: A High up source with Wells Fargo said Tier4b (us, the Internet Group) could (allegedly) get 800s sometime between now and Thurs. 8 May 2025 and then immediately begin our appointments.
Increases in SS payments to (allegedly) go out during May. Redemption Centers to be (allegedly) open through the end of this month of May. If you have Zim and were unable to redeem it in May, Wells Fargo will be able to redeem it in June. If you have Zim and have a project you can still get the Contract Rate on Dinar, but you have to ask for it.
Tues. 6 May 2025, A2Z DreamZ: Vietnam has (allegedly) already started their revaluation process on the Dong. On Mon. 5 May Sudani had a meeting with heads of all banks. The following morning Tues. 6 May at 7 am Baghdad time a text was(allegedly) sent out telling people to bring in their Dinar to the Banks for a higher guaranteed purchasing power rate. This caused traffic jams and lines on the streets to form. On Tues. 6 May my policeman friend in Baghdad confirmed that a neighbor went to his bank with a suitcase of Dinar. He (allegedly) came home with a new Mastercard that would be active on the morning of Thurs. 8 May.
~~~~~~~~~~~~~~~~
Global Currency Reset:
Wed. 7 May 2025 Gold Signaling a Financial Reset is Upon us: https://dinarrecaps.com/our-blog/gold-is-signaling-a-financial-reset-is-upon-us
Wed. 7 May 2025: Iraqi Dinar to $6.9 +? Final Revaluation Window Leaked by Bank Insider! Forex News Iraqi Dinar – YouTube
Wed. 7 May 2025: Forex on Fire: Dinar Stuns at $4.04, Dong Surges to $2.06 – A New Era Begins! Iraqi Dinar
Wed. 7 May 2025: Vietnam Dong BREAKOUT Begins! VND Exchange Rate Surging Fast in 2025 – Revaluation Imminent?
Wed. 7 May 2025: Wells Fargo Confirms Revaluation: IQD and VND Set to Soar – Massive Win for Investors – Iraqi Dinar
Wed. 7 May 2025: Dinar & Dong Holders: Get Ready for the May 7th Currency Shift! Iraqi dinar news today 2025
Wed. 7 May 2025: Vietnamese Dong SHOCKS the World Overnight! | Massive VND Revaluation Explained
Read full post here: https://dinarchronicles.com/2025/05/08/restored-republic-via-a-gcr-update-as-of-may-8-2025/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 We have learned once again that Alaq has admitted from last year that they are lifting the value from the currency by removing the zeros from their exchange rate. He admitted it to the citizens and to the world that they are lifting the 3-zeros and adding purchasing power to the currency. Will it be this year or next year? I believe it will be this year...I don't know...but it is now a fact of Iraq's life that they are lifting the 3-zeros from their exchange rate to add value to their currency.
Fnu Lnu They have one shot to pull this off and I assure you they will not squander it...We will have an RV but the entirety of the geo-political world are in a tizzy and it is not going to get better for a while. If Trump is as smart as people believe him to be, he will successfully rearrange the global markets and pull a reset almost unimaginable. It's about time someone had the huevos to do what has been needing to be done for most of my rather long life.
Fed Is Missing the Recession – Massive Policy Error Ahead | Danielle DiMartino Booth
Kitco News: 5-7-2025
The Federal Reserve held rates steady at 4.25%–4.50%, but Chair Jerome Powell admitted he doesn't know which threat will hit harder — rising inflation or surging unemployment.
Danielle DiMartino Booth, CEO of QI Research and former Fed advisor, joins Jeremy Szafron to break down why she believes the Fed is missing clear signs of recession and a credit crunch already hitting Main Street.
In this high-impact post-FOMC interview, DiMartino Booth warns that bankruptcies are accelerating, job losses are looming, and the Fed is too reliant on lagging data.
She also responds to speculation about the Fed buying Treasuries and unpacks how China’s massive stimulus package may complicate U.S. monetary policy.
Key Topics:
-Powell’s admission the Fed is flying blind
-Why the soft data says recession is already here
-Surge in corporate and household bankruptcies
-Breakdown of the Fed’s balance sheet runoff and Treasury buying rumors
-China’s new $130B stimulus: What it signals and how it could spill into U.S. markets
-The real risks of a policy mistake if the Fed waits until Q3 to cut
Seeds of Wisdom RV and Economic Updates Thursday Morning 5-8-25
Good Morning Dinar Recaps,
PAYMENTS GIANT VISA INVESTS IN STABLECOIN INFRASTRUCTURE FIRM BVNK IN US MARKET EXPANSION
Credit card giant Visa is investing in the stablecoin payments network BVNK as a way to upgrade its business-to-business (B2B) transaction infrastructure.
In a new company blog post, BVNK CEO and co-founder Jesse Hemson-Struthers revealed that Visa is making an undisclosed investment into the firm to help automate and streamline global stablecoin payments between businesses.
Good Morning Dinar Recaps,
PAYMENTS GIANT VISA INVESTS IN STABLECOIN INFRASTRUCTURE FIRM BVNK IN US MARKET EXPANSION
Credit card giant Visa is investing in the stablecoin payments network BVNK as a way to upgrade its business-to-business (B2B) transaction infrastructure.
In a new company blog post, BVNK CEO and co-founder Jesse Hemson-Struthers revealed that Visa is making an undisclosed investment into the firm to help automate and streamline global stablecoin payments between businesses.
“At BVNK, we recognized early that stablecoins would emerge as an instant global payment rail and a viable alternative to the traditional correspondent banking system.
That’s why we’ve built our infrastructure from the ground up to automate and orchestrate stablecoin payments at scale, making these new rails accessible to businesses of all sizes.”
According to Hemson-Struthers, partnering with Visa, which he calls the:
“original payments innovator,”
will fundamentally change how businesses operate digitally and assist the UK-based BVNK in its expansion into the US.
“What makes me proudest is seeing the real-world impact of our technology.
We’re currently processing $12 billion in annualized stablecoin payment volumes, enabling our customers to move money globally with unprecedented speed and efficiency. The momentum continues with our expansion into the US market this year.”
Rubail Birwadker, head of growth products and partnerships at Visa, added:
“Stablecoins are fast becoming a part of global payment flows, and Visa invests in new technologies and builders like BVNK, staying at the forefront of what’s next in commerce to better serve our clients and partners.”
In December, BVNK closed a $50 million Series B fundraising round, with participation from major venture capital firms including Coinbase Ventures.
@ Newshounds News™
Source: DailyHodl
~~~~~~~~~
BRICS: ONLY 33% OF TRADE SETTLED IN US DOLLARS
Russia’s Foreign Minister Sergey Lavrov confirmed that BRICS members have settled 67% of trade in local currencies, with only 33% of deals paid in US dollars. The significant gap highlights the seriousness of the de-dollarization agenda, suggesting that the motive to topple the greenback is gaining traction.
"National currencies already account for more than 65% within the framework of trade among BRICS members," said Lavrov.
"The dollar’s share declined to one-third against such a background," he told Tass.
BRICS members have executed roughly 67% of cross-border trade for goods and commerce in local currencies, while US dollar payments make up just 33%. De-dollarization is becoming a serious global concern, and critics warn that ignoring this trend could harm the US economy in the long run.
Developing countries are now more economically empowered than in previous decades, boasting:
Robust and growing GDPs
Expanding manufacturing bases
Leverage over Brent Crude oil
Greater influence in global markets
Additionally, many of their local currencies are outperforming the US dollar, compounding pressure on the greenback.
The BRICS alliance is gaining power and may seriously challenge the US dollar by the end of the next decade.
BRICS: US Dollar Usage in Trade Transactions Only 33%
If more countries adopt the de-dollarization movement led by BRICS, the US dollar—and broader economy—could face severe challenges. BRICS expansion is particularly concerning, as newer member countries bring additional strength to local currency systems.
The next 15 years may be pivotal: either the dollar reasserts its dominance, or it risks being overtaken by a rising wave of emerging economies.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
Newshound's News Telegram Room Link
Follow the Roadmap
Follow the Timeline
Seeds of Wisdom Team™ Website
Thank you Dinar Recaps
“Tidbits From TNT” Thursday Morning 5-8-2025
TNT:
Tishwash: Oil Doesn't Feed the Poor: Where Does Iraq's Wealth Go?!
In a country with one of the world's largest oil reserves, scenes of destitution and poverty are still strongly present in the streets and working-class neighborhoods. Iraq, with its vast wealth, is powerless to address the dilemma of poverty, which now affects the lives of millions of citizens.
Official statistics indicate that more than a quarter of the population lives below the poverty line. As economic and political crises worsen, the roots of this phenomenon deepen, transforming from a social problem into a real threat to societal stability.
According to a 2024 report by the Iraqi Ministry of Planning, the poverty rate reached approximately 25% nationwide, with higher rates recorded in the southern governorates and conflict-affected areas. In Muthanna Governorate, for example, the rate exceeded 50%, reflecting the magnitude of the economic gap between Iraq's various regions.
TNT:
Tishwash: Oil Doesn't Feed the Poor: Where Does Iraq's Wealth Go?!
In a country with one of the world's largest oil reserves, scenes of destitution and poverty are still strongly present in the streets and working-class neighborhoods. Iraq, with its vast wealth, is powerless to address the dilemma of poverty, which now affects the lives of millions of citizens.
Official statistics indicate that more than a quarter of the population lives below the poverty line. As economic and political crises worsen, the roots of this phenomenon deepen, transforming from a social problem into a real threat to societal stability.
According to a 2024 report by the Iraqi Ministry of Planning, the poverty rate reached approximately 25% nationwide, with higher rates recorded in the southern governorates and conflict-affected areas. In Muthanna Governorate, for example, the rate exceeded 50%, reflecting the magnitude of the economic gap between Iraq's various regions.
The spread of poverty is attributed to several factors, most notably: high unemployment among young people, a lack of development projects, deteriorating infrastructure, and financial and administrative corruption that has depleted public budgets without affecting the lives of ordinary citizens. The absence of a clear strategy for wealth distribution has deprived large segments of their basic rights to education, healthcare, and adequate housing.
Babylon of Civilization… At the forefront of poverty
in Babylon Governorate, the cradle of civilization and home to the world’s first law stele, Minister of Labor and Social Affairs Ahmed Al-Asadi announced during a joint press conference with Babylon Governor Adnan Fayhan that the governorate has the second-highest poverty rate in Iraq.
This statement sparked a wave of anger against the government and Prime Minister Mohammed Shia al-Sudani’s development plans, especially with Babylon’s inclusion on the World Heritage List, raising questions about development priorities and wealth management.
The Voice of the Poor… A Cry in the Face of Silence
“Umm Ali,” a widow living in a slum in Baghdad, told Video News Agency:
“We live on whatever God provides. My children left school to help me collect empty cans from the street. No one asks about us, and the government doesn’t see us.”
Despite government initiatives such as the social safety net and food basket distribution, experts believe these solutions are temporary and insufficient unless accompanied by real economic reforms that create job opportunities and boost local production.
Umm Hussein, a widow and mother of four, described her suffering to the Video News Agency, saying:
“After my husband’s death, I have no one left to support me. I rely on the social welfare salary, but it is sometimes delayed and sometimes not fully disbursed. I am forced to work cleaning houses to cover school expenses and food.”
Poverty is not just numbers… but a daily pain
Poverty in Iraq is not just numbers in official reports; it is a daily story experienced by millions in silence and pain. As the challenges mount, there remains an urgent need for a serious stance from the state and society to rescue those drowning in the quagmire of poverty and pave the way for a more just and equitable future. link
************
Tishwash: As Trump's visit to the region approaches, Iraq is expected to play a role in the Arab Summit in Baghdad.
Political analyst Talib Mohammed Karim asserted that the upcoming Arab Summit in Baghdad, coinciding with an anticipated visit to the region by former US President Donald Trump, could reshape political roles and give Iraq a prominent position on the regional scene.
During his appearance on the "Free Talk" program on Al Furat satellite channel, Karim said, "This is not the first summit that Baghdad has hosted since 2003; but it comes at a sensitive time when regional changes are accelerating, which may push Iraq to the forefront of the summit's political discussions."
He pointed out that "the importance of the summit lies in its moral dimension for Iraq, as it is one of the founding states of the Arab League and seeks to consolidate its position as a regional and international political player."
Karim stressed that "Iraq will be the 'crown' of the Arab Summit, and no party has the right to diminish its role, whether from a protocol or political perspective," noting that "the European Union's members met on the basis of shared interests, while the Arab League's members were divided due to conflicting political interests."
He expressed his concerns about the impact of the summit's final statement on the level of representation, saying, "If the statement includes any reference to the Zionist entity, it is likely that leaders of countries such as Morocco, Algeria, and the Sultanate of Oman will abstain from attending, as happened at the 2012 Baghdad summit, which was attended only by the Emir of Kuwait."
Karim added that "the repeated aggression against Syrian territory must be among the summit's topics, given its repercussions for regional security," considering that "Iran's role as a regional power cannot be ignored, and the Trump administration's renewed recognition of the Iranian nuclear issue constitutes an acknowledgment of its strength, which Iraq can leverage within the region's balance of power."
The political analyst concluded his remarks by asserting that "the summit represents an important opportunity for Iraq to strengthen its diplomatic standing, not only in the Arab context but also within the broader international interactions that will be affected by its outcomes." link
*******************
Tishwash: Parliament is suspended until further notice. Election campaigns and internal crises postpone sessions until after Eid.
MP for the Coordination Framework, Mukhtar al-Moussawi, expects the suspension of parliament sessions to continue during the current month, until Eid al-Adha.
Al-Moussawi said in a statement followed by (Al-Mada), "There is a clear disruption to parliament's work, and it is likely that parliament sessions will not be held in the coming days, especially since it will enter a legislative recess starting next week."
He added, "There is talk about resuming parliament sessions after the Eid al-Adha holiday, in addition to other reasons that were an obstacle to the continuation of parliament sessions, represented by election campaigns that began early."
He explained that "there are many problems within parliament that prevent the parliament from holding sessions or achieving the required quorum, and therefore the parliament will remain suspended throughout the current month and beyond, until after the Eid al-Adha holiday." link
Tishwash: Kurdistan Delegation Meets Iraqi Oil Ministry and Epicur Over Oil Export Resumption
A high-level delegation from the Kurdistan Region’s Ministry of Natural Resources arrived in Baghdad today to meet with officials from the Iraqi Oil Ministry and international oil companies, including Epicur, to discuss the resumption of oil exports from the Kurdistan Region.
The meeting comes amid ongoing efforts to resolve the prolonged suspension of oil exports, which has cost Iraq an estimated 300,000 barrels of oil per day. Oil Minister Hayan Abdul Ghani recently stated that Iraq continues to suffer significant financial losses due to the halt and expressed surprise over what he described as new conditions set by the Kurdistan Region for the resumption of exports.
Today's meeting is expected to focus on overcoming the legal and technical challenges hindering the export process and finding a mutual agreement that would allow oil from the Kurdistan Region to flow back into international markets.
Negotiations between Baghdad and Erbil have stalled several times over the past year due to disputes over oil revenue sharing and control of export infrastructure. link
***************
Mot: Balance - All bout Balance
Seeds of Wisdom RV and Economic Updates Wednesday Evening 5-7-25
Good Evening Dinar Recaps,
FED HOLDS RATES STEADY AS IT NOTES RISING UNCERTAINTY AND STAGFLATION RISK
The Federal Reserve held its key interest rate unchanged in a range between 4.25%-4.5%, where it has been since December.
The post-meeting statement noted the recent market volatility and how that is factoring into the central bank’s policy decisions.
“Uncertainty about the economic outlook has increased further,” the statement said.
Good Evening Dinar Recaps,
FED HOLDS RATES STEADY AS IT NOTES RISING UNCERTAINTY AND STAGFLATION RISK
The Federal Reserve held its key interest rate unchanged in a range between 4.25%-4.5%, where it has been since December.
The post-meeting statement noted the recent market volatility and how that is factoring into the central bank’s policy decisions.
“Uncertainty about the economic outlook has increased further,” the statement said.
WASHINGTON — The Federal Reserve on Wednesday held its key interest rate unchanged as it waits for the Trump administration’s trade policy to take shape and sees its impact on a sputtering economy.
In a move that carried little suspense given the wave of uncertainty sweeping the political and economic landscape, the Federal Open Market Committee (FOMC) held its benchmark overnight borrowing rate in a range between 4.25%-4.5%, where it has been since December.
The post-meeting statement noted the volatility and how that is factoring into policy decisions.
"Uncertainty about the economic outlook has increased further."
"The Committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen."
While the statement did not specifically address the tariffs, Chair Jerome Powell addressed the issue at his post-meeting news conference.
Stocks briefly ceded some gains after the rate announcement but mostly recovered, with the Dow Jones Industrial Average up nearly 300 points despite some worries over the Fed’s characterization of the economic risks.
“The May FOMC statement in effect warns that a large trade shock is still set to hit the economy in spite of efforts by the Trump administration to deescalate..."
— Krishna Guha, Head of Global Policy and Central Bank Strategy at Evercore ISI
“...with the Fed seeing the risks ahead as two-sided and not providing any early dovish lean in favor of a June rate cut.”
“The net implications for risk assets are negative.”
A possible stagflationary scenario
Finding the balance between the two elements of the Fed’s so-called dual mandate of full employment and stable prices has become more difficult amid President Donald Trump’s tariff push.
In noting that tariffs threaten to aggravate inflation as well as slow economic growth, the statement raises the possibility of a stagflationary scenario largely absent from the U.S. since the early 1980s.
Policymakers have largely agreed that the central bank is in a good position, with the economy generally holding up, to be patient as it calibrates monetary policy.
Powell emphasized this during the press conference:
“The economy itself is still in solid shape.”
Trade Talks in Focus
The Fed’s deliberations come as the White House is locked in negotiations with top U.S. trading partners during a 90-day negotiating period that began in early April. Trump slapped 10% across-the-board tariffs on U.S. imports and threatened other “reciprocal” duties pending ongoing talks.
As near-daily headlines gauge the trade war, the economy has been flashing conflicting signals on growth, inflation, and consumer and business sentiment.
Gross domestic product (GDP) fell 0.3% in the first quarter
Slower consumer and government spending and a surge in imports ahead of tariffs
Most economists expect a return to positive growth in Q2
The FOMC noted that “swings in net exports have affected the data,” while maintaining its view that the economy “has continued to expand at a solid pace.”
Indeed, job growth has held up despite Trump’s efforts to pare down the federal workforce:
Nonfarm payrolls increased by 177,000 in April
Unemployment rate held at 4.2%
Inflation is approaching the Fed’s 2% target
However, tariffs are expected to lead to at least a one-time rise in prices. Trump has urged the Fed to cut rates as inflation has eased. The Fed’s preferred inflation gauge showed:
Headline inflation at 2.3%
Core inflation (excluding food and energy) at 2.6%
As with all aspects of the economy, it all depends on what happens with tariffs.
Market Reactions & Outlook
Recent signs of progress in negotiations and some softening from the administration helped reverse a major stock market sell-off after the April 2 “liberation day” announcement from Trump.
However, business surveys continue to show high anxiety—most managers report concerns about supplies and pricing from the tariffs.
Market pricing regarding Fed action has been volatile:
Heading into the meeting:
Virtually no chance of a rate cut this week
<30% probability of a June move
Next cut expected in July
Three cuts priced in for the year
The committee’s decision to hold the benchmark rate steady was unanimous.
The federal funds rate, used by banks for overnight lending, also affects mortgages, auto loans, and credit cards.
@ Newshounds News™
Source: CNBC
~~~~~~~~~
US TREASURY SECRETARY EXPRESSES SUPPORT FOR CRYPTO BILLS AT HEARING
Scott Bessent suggested support for the stablecoin and market structure bills being considered in Congress in response to a question about China.
Speaking at a hearing, US Treasury Secretary Scott Bessent suggested support for two crypto-related bills moving through Congress.
Bessent addressed lawmakers at a May 7 hearing of the House Financial Services Committee, saying that the United States should be the:
“premier destination for digital assets”
in response to a question about American dominance over China in crypto-related innovation. The Treasury Secretary added that:
“good market structure” and “stablecoin legislation” could help ensure this outcome.
Bessent’s remarks echoed those of other Republican lawmakers and President Donald Trump, who initially claimed he wanted to make the US the:
“crypto capital of the world”
during his 2024 campaign. The Treasury Secretary was likely referring to:
the draft of a digital asset market structure bill released by House Republicans on May 6
the GENIUS bill to regulate stablecoins, expected to be taken up for a Senate vote on May 8
The Treasury Secretary, a Trump nominee, has supported the president on key crypto policy actions, including:
an executive order to establish a sovereign wealth fund
participation in a working group exploring federal stablecoin regulations and a national crypto stockpile
He also stated during a confirmation hearing that he would oppose the creation of a US central bank digital currency while in office.
Democrats Push Back on Crypto Bills Amid Memecoin Dinner Controversy
Even before Trump announced plans to hold an exclusive dinner and VIP tour for top memecoin holders, he faced scrutiny over alleged conflicts of interest tied to his crypto ventures.
The dinner announcement seemed to galvanize Democrats against any crypto-related legislation.
Representative Maxine Waters, ranking member of the House Financial Services Committee, led a walkout of the May 6 hearing on the Republican-drafted market structure bill, citing the need to explore:
“Trump’s crypto corruption”
Additionally, nine Senate Democrats stated they will not support the GENIUS stablecoin bill in its current form, demanding:
stronger Anti-Money Laundering protections
tougher oversight on foreign issuers
improved national security safeguards
It remains unclear whether Republicans, who control both chambers of Congress, will have enough votes to pass either bill.
@ Newshounds News™
Source: CoinTelegraph
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
Newshound's News Telegram Room Link
Follow the Roadmap
Follow the Timeline
Seeds of Wisdom Team™ Website
Thank you Dinar Recaps
Gold is Signaling a Financial Reset is Upon Us
Chris Vermeulen: Gold is Signaling a Financial Reset is Upon Us
Palisades Gold Radio: 5-7-2025
Tom welcomes back Chris Vermeulen, the founder of The Technical Traders, to discuss the highly volatile year of 2025 so far. He notes that volatility has been extreme across various asset classes, driven by factors like geopolitical tensions, AI advancements, and fears of an impending recession.
Vermeulen emphasized that while day traders thrive in such environments due to significant intraday swings, swing traders face increased risks with massive price gaps.
Chris Vermeulen: Gold is Signaling a Financial Reset is Upon Us
Palisades Gold Radio: 5-7-2025
Tom welcomes back Chris Vermeulen, the founder of The Technical Traders, to discuss the highly volatile year of 2025 so far. He notes that volatility has been extreme across various asset classes, driven by factors like geopolitical tensions, AI advancements, and fears of an impending recession.
Vermeulen emphasized that while day traders thrive in such environments due to significant intraday swings, swing traders face increased risks with massive price gaps.
Long-term investors should prioritize capital preservation by moving to cash until market clarity emerges, as he believes a bear market has already begun. He warned against the "buy the dip" mentality, especially for those nearing retirement, cautioning that this approach could lead to significant losses in a prolonged bear market.
Vermeulen points out key indicators of an impending financial reset, including economic data showing hiring declines and rising unemployment, as well as housing market corrections with inventories soaring.
Gold was discussed as a safe haven asset, though Vermeulen cautioned about potential pullbacks. He suggested that gold miners could offer better opportunities once the market stabilizes.
Seasonality plays a role in his analysis, noting that stock markets typically struggle post-May, aligning with his bearish outlook. Real estate was also addressed, with Vermeulen predicting price drops of 15-20% and warning about the broader economic impact as housing values decline.
He highlighted the psychological effect on investors when their largest asset depreciates, potentially leading to panic selling across markets. The U.S. dollar's potential strength was discussed, with Vermeulen suggesting it could rally in a risk-off environment.
Time Stamp References:
0:00 - Introduction
0:52 - Market Volatility & Trading
4:58 - Markets in Topping Stage
8:30 - Cliff Phase Indicators
15:22 - Downside Targets Gold
18:50 - Expectations for Miners?
23:18 - Seasonality in 2025?
26:00 - Silver Markets & Risk?
28:57 - Bitcoin Decoupling
31:45 - Real Estate & Nest Eggs
34:30 - Google Search Trends
42:08 - Dollar Thoughts
48:49 - Mkt Resets & Wrap Up
Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 5-7-25.
Good Afternoon Dinar Recaps,
REP. TORRES TO INTRODUCE BILL BANNING TRUMP, LAWMAKERS FROM CASHING IN ON MEMECOINS AND STABLECOINS
The bill, called the Stop Presidential Profiteering from Digital Assets Act, would make it unlawful for someone to create, issue or promote a digital asset that “uses the name, likeness, image, or other recognizable traits of a covered individual.”
Some Democrats have aired major concerns over Trump’s involvement in crypto, which has created tension as they and their Republican counterparts work on legislation to regulate digital assets.
Good Afternoon Dinar Recaps,
REP. TORRES TO INTRODUCE BILL BANNING TRUMP, LAWMAKERS FROM CASHING IN ON MEMECOINS AND STABLECOINS
The bill, called the Stop Presidential Profiteering from Digital Assets Act, would make it unlawful for someone to create, issue or promote a digital asset that “uses the name, likeness, image, or other recognizable traits of a covered individual.”
Some Democrats have aired major concerns over Trump’s involvement in crypto, which has created tension as they and their Republican counterparts work on legislation to regulate digital assets.
Rep. Ritchie Torres, D-N.Y., plans to introduce legislation that would block President Donald Trump, future presidents, and members of Congress from "profiteering" on memecoins and stablecoins.
The bill, called the Stop Presidential Profiteering from Digital Assets Act, would make it unlawful for someone to create, issue or promote a digital asset that
"uses the name, likeness, image, or other recognizable traits of a covered individual,"
in a message sent by Benny Stanislawski, a spokesman for Rep. Torres, to The Block.
The legislation defines a “covered individual” as a current or former U.S. president, vice president, member of Congress, or any presidentially appointed and Senate-confirmed federal official, along with their immediate family members.
The move comes amid growing criticism among Democrats about Trump’s involvement in crypto, which has created tension as they and their Republican counterparts work on digital asset regulation.
Since late 2024, Trump and his family have embraced digital assets, launching their own memecoins shortly before his 2025 inauguration. His affiliated venture, World Liberty Financial, recently launched its own stablecoin.
Trump also hosted a crypto-themed fundraiser Monday night for the MAGA Inc. super PAC, and is hosting a gala later this month for the top 220 owners of his memecoin.
On Tuesday, Sen. Richard Blumenthal, D-Conn., sent letters to World Liberty Financial and Fight Fight Fight LLC, the company behind Trump's memecoin, to investigate potential conflicts of interest related to Trump's crypto activities.
Torres has shown support for crypto. In March, he and Republican House Majority Whip Tom Emmer created the "Congressional Crypto Caucus" aimed at advancing bills in Washington. Torres also pushed back on the U.S. Securities and Exchange Commission's approach to regulating crypto last year.
@ Newshounds News™
Source: The Block
TRUMP FACES SENATE SUBCOMMITTEE INQUIRY OVER 'CRYPTO CORRUPTION'
Opposition lawmakers continue to criticize the president’s crypto ambitions.
Democratic Senator Richard Blumenthal has opened an investigation into President Trump's crypto businesses.
Blumenthal has alleged that the launch of the Trump meme coin is unethical.
President Trump has a number of digital asset ventures that draw ire from Democrats.
Democratic senator Richard Blumenthal is investigating how President Donald Trump's crypto business ventures are potentially violating federal laws.
U.S. Senator Richard Blumenthal said Tuesday that President Trump's meme coin launch and other crypto industry ventures represent
"an unprecedented, pay-to-play scheme to provide access to the Presidency to the highest bidder."
Blumenthal announced that the Senate Permanent Subcommittee on Investigations would be opening a preliminary inquiry into the launch of the president's cryptocurrency, Official Trump, along with DeFi platform World Liberty Financial and the president's other digital asset interests.
"Chillingly, TRUMP allows, and even invites, anyone in the world, including foreign governments and unscrupulous individuals, to directly enrich the president, while hiding potential payoffs in the pseudonymity of the blockchain," Blumenthal said in his announcement, quoting a letter he wrote to the developer of the Official Trump cryptocurrency, Bill Zanker.
The new commander-in-chief ahead of his January inauguration launched a Solana-based meme coin called Official Trump—which trades as TRUMP—and it quickly soared in value before crashing. It's now down 85% from its peak price.
Democrats have alleged that the new commander in chief has profited from the virtual coin's launch, but the president has denied this and avoided questions on the matter.
The president is also associated with an Ethereum-based decentralized finance project, World Liberty Financial. Trump's sons, Eric and Donald Jr., first announced the project last year, and the then-Republican nominee promoted the project on social media ahead of his election win.
Decrypt in March reported that the president and his associates had pocketed around $390 million in revenue from promoting World Liberty Financial.
In April, President Trump also announced a private dinner later this month at his Washington-area golf club for the top 220 holders of his meme coin, plus a private reception and a White House tour for other investors.
The announcements have drawn ire from Democratic lawmakers, who claim that promoting the meme coin is corrupt. House Democrats walked out of a hearing Tuesday about impending crypto industry legislation, due to complaints over Trump's perceived crypto conflicts.
President Trump campaigned ahead of his November win to help the digital asset industry and received backing from crypto entrepreneurs and Silicon Valley hotshots and members of the "PayPal mafia", including current White House AI and crypto czar David Sacks and Tesla CEO Elon Musk.
@ Newshounds News™
Source: Decrypt
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
Newshound's News Telegram Room Link
Follow the Roadmap
Follow the Timeline
Seeds of Wisdom Team™ Website
Thank you Dinar Recaps
More News, Rumors and Opinions Wed. Afternoon 5-7-2025
589bull: Iraq is No Longer Hinting
5-7-2025
MORNING UPDATE
Iraq is no longer hinting. Sudani just said the quiet part out loud.
Yesterday, Prime Minister Mohammed Shia al-Sudani held a major meeting with the heads of all Iraqi banks. The takeaway?
“The state will act as a regulator, not a controller.”
That’s your signal.
589bull: Iraq is No Longer Hinting
5-7-2025
MORNING UPDATE
Iraq is no longer hinting. Sudani just said the quiet part out loud.
Yesterday, Prime Minister Mohammed Shia al-Sudani held a major meeting with the heads of all Iraqi banks. The takeaway?
“The state will act as a regulator, not a controller.”
That’s your signal.
This is the exact language used by nations preparing for a monetary shift and here’s why it matters:
• Iraq is stepping back from centralized control of the banking sector
• The banking system is now “flexible, modern, and ready,” per Sudani
• First Rafidain Bank is launching with a new vision + foreign partnerships
• The government confirmed it’s absorbing excess IQD and replacing it with domestic production + foreign investment
• Banks are being told to invest, simplify, and prepare for global trust
This isn’t speculation, this is pre-RV protocol in plain sight.
They’re lining up the IMF, World Bank, Basel III, ISO 20022, and private sector cooperation. The only piece left?
What follows is going to be historic.
Source(s):
https://x.com/589bull10000/status/1919704894539268538
https://dinarchronicles.com/2025/05/06/589bull-iraq-is-no-longer-hinting/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat We have previously read many articles on the “New Rafidain” bank and the reforms taking place there. The CBI was working to reform the bank to necessary to global standards and digitization. First why would they do this if not working towards a higher rate when going back to FOREX. If they wanted a 1320 rate, they could have already done it over the last two decades...But this is not the case as Ali Al-Alaq has told us many times already he wants the dinar to go back to its “glory days”.
Militia Man Article quote: "The delegation International Monetary Fund stress the importance of strengthening the relationship with foreign correspondent banks in the field of financing foreign trade as well as supporting the use of the Iraqi dinar in economic transactions to maintain the stability of the local currency." I don't know you guys, some people like to say, 'drop the mic'. That's powerful and it's impressive. They're talking specifically about cross border trade, foreign trade, with the Iraqi dinar...
************
Gold Legal in FL & Tariffs Slam Businesses | with Meghan Johnson
Lynette Zang: 5-6-2025
Tariffs on shoes imported from Vietnam just surged by 541% and both businesses and consumers are feeling strain. Lynette is joined by her daughter Meghan Johnson to share how these trade wars are impacting her businesses.
But it’s not all bad news: Florida just made gold and silver legal tender, and we’re celebrating that major win in-studio.
War on Cash is Here: Giustra Says Global Reset Has Begun, No Bailout in Sight
Daneila Carbone: 5-7-2025
“There’s a mad rush for physical gold... even the U.S. is bringing it back in. It tells you that they’re preparing for something,” warns billionaire philanthropist Frank Giustra in a must-watch video.
He sits down with Daniela Cambone to discuss how the global financial order is shifting, with gold returning to a central monetary role.
Key Facts:
What are the ramifications of Basel III?
What role will gold play in the new financial order?
Monetary reset is coming.
Banks to upgrade gold to a Tier 1 asset - what comes next?
Gold remains the constant.
What might a new monetary system look like?
Are we seeing the rise of a bifurcated system?
Spain's power outage scenario is "war on cash"
News, Rumors and Opinions Wednesday 5-7-2025
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 Wed. 7 May 2025
Compiled Wed. 7 May 2025 12:01 am EST by Judy Byington
Global Currency Reset:
Tues. 6 May 2025 A small bank in Alabama has suspended services from Thurs. 8 May to Mon. 12 May saying customers will then be able to access a new digital platform. …Jordan Clark on X
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 Wed. 7 May 2025
Compiled Wed. 7 May 2025 12:01 am EST by Judy Byington
Global Currency Reset:
Tues. 6 May 2025 A small bank in Alabama has suspended services from Thurs. 8 May to Mon. 12 May saying customers will then be able to access a new digital platform. …Jordan Clark on X
Tues. 6 May 2025: Trump promises BIG Announcement: https://x.com/ShadowofEzra/status/1919792162268389393
Tues. 6 May 2025 The Big Call Bruce:
A High up source with Wells Fargo said Tier4b (us, the Internet Group) could get 800s sometime between now and Thurs. 8 May 2025 and then immediately begin our appointments.
Another source said something was to occur by tomorrow morning 11 am EST.
A source said that there was going to be a major announcement on Wed. 7 May 2025
On Tues. 6 May 2025 Newsmax reported President Trump saying, “In the next few days there’s going to be an earth shattering announcement that will affect America and it’s people.”
A source said there would be a major announcement on Wed. 7 May “So get ready for Thurs. 8 May 2025” (meaning we could be notified and exchange on Thurs).
Increases in SS payments to go out during May.
Redemption Centers to be open through the end of this month of May.
If you have Zim and were unable to redeem it in May, Wells Fargo will be able to redeem it in June.
If you have Zim and have a project you can still get the Contract Rate on Dinar, but you have to ask for it.
The screen rate is very high on the Dinar.
~~~~~~~~~~~~~~~
Tues. 6 May 2025, A2Z DreamZ:
On Sat. 26 April 2025 Iraq entered into an Article 8 agreement with the IMF, after which they had ten days to fully commit to revaluing the IQD and show the public rate on the Forex.
The banks in Japan and South Korea were closed until Wed. 7 May.
Vietnam has already started their revaluation process on the Dong.
On Mon. 5 May Sudani had a meeting with heads of all banks. The following morning Tues. 6 May at 7 am Baghdad time a text was sent out telling people to bring in their Dinar to the Banks for a higher guaranteed purchasing power rate. This caused traffic jams and lines on the streets to form.
On Tues. 6 May my policeman friend in Baghdad confirmed that the rate that TNT shared was close to what a long time friend shared after he met with his neighbor who went to his bank with a suitcase of Dinar. He came home with a new Mastercard that would be active on the morning of Thurs. 8 May.
Read full post here: https://dinarchronicles.com/2025/05/07/restored-republic-via-a-gcr-update-as-of-may-7-2025/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 I'm still very encouraged about this year because the new exchange rate can be released at any time. It's just very convenient at the beginning or the end of a quarter...This is the year to release the new exchange rate.
Militia Man The background of the country [Iraq] has had a massive amount of corruption. Spreading rumors through media is notorious. Sadly we have it here in our country as well...It's a reality. You have to take the time to be able to understand what you own and know who those [bad] actors are. This has been a long road...We got into this because we believed in our investment. Revaluations of currencies is a reality.
************
First 100 Days DRP and IQD Rate News
Edu Matrix: 5-6-2025
We discuss the IQD Revalue Rate. In this video, we also break down how Trump’s first 100 days in office are affecting Iraq. From Trump Iraq policy decisions and foreign aid cuts to falling oil prices in Iraq and rumors of an Iraqi dinar revaluation, the ripple effects are clear.
We’ll explain how Trump’s OPEC conflict is straining Iraq’s oil exports and why Iran’s influence in Iraq through the Popular Mobilization Forces has become a key concern.
Whether you’re following U.S.–Iraq relations, tracking the Iraqi economy in 2025, or curious about Trump’s Middle East policy, this is essential viewing