Seeds of Wisdom RV and Economic Updates Saturday Morning 2-8-25
Good Morning Dinar Recaps,
INDIA OFFICIALLY REJECTS BRICS CURRENCY, CALLS IT ‘IMPOSSIBLE’
India officially confirmed that they do not support the formation of a BRICS currency to challenge the US dollar. The Modi government made it clear that India embraces the US dollar and will use the currency for cross-border transactions.
The country will settle payments in local currencies with other developing nations only when it seems fit. The U-turn comes after Trump spared India from tariffs but imposed them on Canada, Mexico, and China.
How to Buy Gold at Just $1,500 an Ounce
How to Buy Gold at Just $1,500 an Ounce
Notes From the Field By James Hickman (Simon Black) February 5, 2025
In the late 1990s, the Internet was brand new... and sizzling hot. And most people thought it would bring radical change to the world, practically overnight.
This is a common theme with disruptive technology. Enthusiasts often overestimate the impact of new technology in the short run, and underestimate its impact in the long run. Such is the case with AI today.
Seeds of Wisdom RV and Economic Updates Friday Afternoon 2-7-25
Good Afernoon Dinar Recaps,
HOUSE REPUBLICANS PUSH FORWARD ON STABLECOIN REGULATION WITH NEW DRAFT BILL
▪️Earlier in the week, Sen. Bill Hagerty, R-Tenn., introduced a bill to regulate stablecoins.
▪️The House’s draft version will be brought up in a hearing next week.
House Financial Services Committee Republican Chair French Hill, R-Ark., released draft legislation to regulate stablecoins as U.S. lawmakers forge ahead on rules for those assets.
Seeds of Wisdom RV and Economic Updates Friday Morning 2-7-25
Good Morning Dinar Recaps,
RIPPLE’S GARLINGHOUSE TO JOIN TRUMP’S U.S. CRYPTO ADVISORY COUNCIL? HERE’S WHO IS IN THE RUNNING
▪️Ripple CEO Brad Garlinghouse is shortlisted for a key role on President Trump’s U.S. Crypto Advisory Council.
▪️The council will address crucial debates, including whether cryptocurrencies should be classified as commodities or securities.
▪️Other prominent crypto leaders, including figures from Kraken, Coinbase, and Circle, are also considered for council positions.
Seeds of Wisdom RV and Economic Updates Thursday Evening 2-6-25
Good Evening Dinar Recaps,
US SENATE PANEL APPROVES CRYPTO ADVOCATE, BILLIONAIRE HOWARD LUTNICK FOR COMMERCE SECRETARY
The Senate Commerce, Science, and Transportation Committee advanced the candidacy of Howard Lutnick, a crypto proponent and billionaire entrepreneur, to the position of Commerce secretary by a vote of 16–12.
America’s technological and financial scene undergoes a radical change and a wealthy man with strong ties to cryptocurrencies is leading important national initiatives valued in hundreds of billions of dollars.
Seeds of Wisdom RV and Economic Updates Thursday Afternoon 2-6-25
Good Afternoon Dinar Recaps,
BRICS: TRUMP SPARES INDIA AFTER THEY OFFICIALLY EMBRACE THE US DOLLAR
US President Donald Trump has spared BRICS member India from tariffs as they officially embraced the US dollar for trade. Trump imposed 25% tariffs on Mexico and Canada and ignited a global trade war. He also imposed 10% tariffs on China and could go further if they advance the de-dollarization agenda.
However, BRICS member India has been spared from tariffs as they spoke positively about using the US dollar for cross-border transactions. India’s Foreign Minister S. Jaishankar repeatedly said in multiple interviews that they do not support the de-dollarization initiative. He explained that India will settle trade in local currencies with other countries only when it fits the trade agreement.
Seeds of Wisdom RV and Economic Updates Thursday Morning 2-6-25
Good Morning Dinar Recaps,
CFTC’S PHAM SEEKS ‘COMMON-SENSE’ REGULATION OF PREDICTION MARKETS IN NEW ROUNDTABLE
▪️The CFTC will hold a public forum to discuss prediction markets, though it did not name any specific marketplace in its announcement.
▪️CFTC Acting Chair Pham said past years of anti-innovation policies have restricted “common-sense” regulations of prediction markets.
Seeds of Wisdom RV and Economic Updates Wednesday Evening 2-5-25
Good Evening Dinar Recaps,
FDIC RELEASES DOCUMENTS RELATED TO CRYPTO DEBANKING
The Federal Deposit Insurance Corporation has released more than 100 documents related to the highly criticized and controversial “debanking” of crypto companies and individuals.
In a press release on Feb. 5, the FDIC stated that the 175 documents pertain to the agency’s supervision of banks that “engaged in, or sought to engage in, crypto-related activities.”
Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 2-5-25
Good Afternoon Dinar Recaps,
JUST IN: FDIC TO ALLOW BANKS TO MANAGE CRYPTO ASSETS AND TOKEN DEPOSITS
FDIC to let U.S. banks manage crypto assets, offer tokenized deposits without prior approval, marking a policy shift under the Trump administration.
The Federal Deposit Insurance Corporation (FDIC) is set to revise its guidelines, allowing U.S. banks to manage crypto assets and offer tokenized deposits without prior regulatory approval. This decision marks a shift in U.S. banking policy under the Trump administration, which has shown increased support for digital assets.
Plan to Abolish the Fed and Income Tax, is $100K Gold Next?
Plan to Abolish the Fed and Income Tax, is $100K Gold Next?
Taylor Kenny: 2-4-2025
Imagine a world where you don’t have to file taxes every year. No more deductions, no more credits, just a paycheck you keep entirely. It sounds like a utopian dream, and it’s one seemingly floated by President Donald Trump.
While details remain scarce, the mere suggestion of eliminating income tax has sparked a whirlwind of speculation – most notably, the potential for gold prices to skyrocket to unprecedented levels, possibly even exceeding $100,000 per ounce.
This Will Likely Be A Really Big Deal For Gold
This Will Likely Be A Really Big Deal For Gold
Notes From the field by James Hickman (Simon Black) February 4, 2025
Well that was fast.
The smoke had barely cleared on the opening salvo of the Great North American trade war, when all sides called a truce to talk out their differences.
Just as we wrote yesterday, this is exactly what I was hoping would happen. In fact, in a Zoom call that Peter and I had Friday with our Total Access members, we predicted this outcome: that the trade wars were just an elaborate show to demonstrate to the world that America is willing to make good on its threats, and force everybody to the negotiation table.