Economist’s “News and Views” 6-10-2025

S&P To Hit 6,250 Then 30% Drop: 'Market Running Out Of Energy' Says Gareth Soloway

David Lin:  6-10-2025

Gareth Soloway, Chief Market Strategist at Verified Investing, examines whether the S&P 500’s sharp rebound marks a true bull market or a fleeting bounce while dissecting Fed policy shifts, tariff impacts, Bitcoin’s resistance ceiling, precious‑metal breakouts, and looming bond‑market risks.

0:00 - Intro

0:30 - China trade talks

2:32 - Labor market cracks

3:44 - Fed rate cuts?

4:51 - Bullish sentiment

8:30 - Breakout levels

13:21 - Why do we need a pullback?

15:36 - Triggers for move down

18:15 - Bitcoin

24:45 – Gold

 27:01 - Silver and other metals

30:18 - 10-year bond yield

31:34 - Favorite asset class

https://www.youtube.com/watch?v=G3-2z1wnOqw

BREAKING: China To Imminently Announce a Gold To Yuan Fixed Exchange Rate! - Alasdair Macleod

Financial Wisdom:  6-10-2025

0:00 - China aims to control global gold pricing from Shanghai

0:36 - How SGE vaults enable gold-yuan trade bypassing the dollar

 1:50 - China's strategic need to decouple from the US dollar

3:20 - Why China's survival may depend on linking yuan to gold

 4:34 - China's recognition of gold-backed economic stability

6:02 - Lessons from the UK gold standard and China's future plans

 7:14 - China's accumulation of gold reserves since the 1980s

8:55 - Shift of global gold from West to East

10:00 - China’s regional trade strategy post-Trump tariffs

11:08 - International expansion of the Shanghai Gold Exchange

 11:45 - Opening Shanghai Futures Exchange to foreign banks

12:10 - China’s push to move gold price control to Shanghai

https://www.youtube.com/watch?v=PiaXX2h3elE

Gold to $6,000 and Why the US Dollar is Losing Its Power, Part 2

Wealthion:   6-9-2025

Renowned economist David Rosenberg, known for his sharp insights and contrarian calls, recently returned to Wealthion with a powerful message for investors: prepare for a significant shift in the financial landscape.

 In Part II of his interview, Rosenberg laid out his compelling case for a gold surge to $6,000, a weakening U.S. dollar, and the compelling opportunity presented by Treasury bonds.

Rosenberg, now with Rosenberg Research & Associates, pulls no punches in his assessment of the current environment. He argues that the U.S. financial system is increasingly fragile, burdened by unsustainable debt and deficits, ultimately leading to a devaluation of the dollar and a scramble for safe havens.

Rosenberg’s boldest prediction is undoubtedly his forecast for gold. He believes the precious metal is poised for a significant rally, projecting a target of $6,000 this cycle.

This conviction stems from the growing global uncertainty, the rising cost of living, and the central banks’ accelerating accumulation of gold reserves. As global trust in fiat currencies wanes, gold is expected to become an increasingly attractive alternative.

Contrary to the prevailing narrative, Rosenberg believes Treasury bonds are currently mispriced, offering investors asymmetric upside.

 In a world grappling with economic slowdown and potential recession, he argues that the safety and liquidity of Treasuries make them a crucial asset for portfolio protection. He contrasts this with the prevailing mantra of the past decade, “There Is No Alternative” (TINA), where investors were forced into riskier assets like stocks in search of yield.

Rosenberg declares TINA dead, arguing that Treasuries now offer a compelling alternative for risk-averse investors seeking stability and potential appreciation.

The erosion of the U.S. dollar’s dominance is another key theme of Rosenberg’s analysis. He warns that America’s reserve currency status may be under threat as central banks worldwide are increasingly diversifying their holdings and accumulating gold. This trend, fuelled by concerns about U.S. debt and deficits, could further weaken the dollar and exacerbate inflationary pressures.

Adding further weight to Rosenberg’s thesis, Jonathan Wellum, CEO of Rocklinc, provides a special addendum reinforcing the importance of preparing for a world where the U.S. can no longer spend without consequences.

He emphasizes the need for investors to understand the underlying vulnerabilities of the U.S. financial system and proactively adjust their portfolios to mitigate potential risks.

David Rosenberg’s return to Wealthion offers a timely and thought-provoking perspective on the future of the global economy.

While predictions should always be approached with caution, his insights provide valuable guidance for navigating an increasingly uncertain financial landscape. Now is the time for investors to carefully assess their portfolios and prepare for the potential shifts ahead.

https://youtu.be/_Qr5AApfzKA

News, Rumors and Opinions Tuesday 6-10-2025

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 10 June 2025

Compiled Tues. 10 June 2025 12:01 am EST by Judy Byington

What We Think We Know as of Tues. 10 June 2025:

Mon. 9 June 2025: Trump is quietly closing down the IRS – and clearing a path for a new financial system — one that doesn’t rely on fear, audits, or manipulation. A system that can’t be used as a weapon. Transparent. Just. Fair. This is not reform. It’s liberation.

Possible Timing:

Judy Note: It was my understanding that Redemption Centers could give you a higher rate on exchange of your currencies than could a bank. The much higher Dinar Contract rate was only available at a Redemption Center. Zim could only be redeemed at a Redemption Center, not at a bank. They will be sending out notifications on how to obtain an appointment at a Redemption Center and such will be posted in my updates and on various Dinar websites.

As of Sun. 1 June 2025 some Redemption Centers (allegedly) became fully operational, secured by military oversight, and processing gold-backed transactions through the Quantum Financial System.

At 11 am EST Mon. 2 June all aspects of NESARA were(allegedly)  implemented and the big banks were (allegedly) put online with the QFS as of 6 pm Mon. night 2 June 2025.

At 3:03 EST on Tues. 3 June 2025 Operation Odin (QFS) was (allegedly) fully activated, EBS deployed through Starlink, banks closed, currencies(allegedly)  cancelled, Sovereignty restored, codes active, accounts open, their system will freeze, yours will open. …Trump Family Channel, The 17th Letter (JFK Jr.), Julian Assange, Ben Fulford, WH Grampa on Telegram

As of Fri. 6 June Redemption Centers across the world, hidden within ordinary buildings, (allegedly) became fully operational, staffed by agents verified through DNA-based biometric protocols. The first QFS Card test batches began moving under military escort in key zones.Public distribution expands from June 7–10. By July 4 the general public.

On Sat. 7 June QFS Payouts (allegedly) began to certain qualified groups and individuals.

By Tues. 10 June 2025 the first wave of public disclosures is expected to begin — not through CNN or BBC — but through raw, unfiltered QFS-verified broadcasts across secure global nodes. …Gesara Nesara QFS on Telegram

Bruce: According to Iraqi sources the Iraqi Dinar will (allegedly) be revalued over the weekend in a four day holiday ending Mon. 9 June – and expected to come out on Tues. 10 June. By Sun. night 8 June our Federal Reserve USD accounts will be transferred to a USTN account. USTN will be out by Tues. 10 June. Tier4b notifications should come out on Tues. 10 June, so we could start exchanging on Tues. 10 June or Wed. 11 June.

Tier4b notifications were expected to go out on Tues. 10 June. Internal banking advisories indicated public redemption will begin regionally, based on QFS load-balancing and readiness reports.

On Fri. 13 June 2025 all Tier4b appointment notifications were to be completed.

Wed. 11 June Iraq set to make public announcement of the Dinar Revaluation (the end of a 5 day holiday), with international rate set at $4.81 Iraqi Dinar to $1.00 USN.

Around Sun. 15 and Mon. 16 June 2025 expect minor banking downtimes, signaling the(allegedly)  final switchover to full QFS integration.

As of Mon. June 23, 2025, Redemption Centers will begin (allegedly) processing live appointments for the general public under full GESARA protocol. According to sources inside two U.S. Treasury branches, the schedule is already being populated with approved Tier 4B participants. This is the moment we’ve all prepared for. …Emergency Broadcast System on Telegram

Between Sun. 29 June and Fri. 4 July 2025 expect an EBS Bank Blackout Period while systems adjusted to the new currency rates and Global Financial System.

Fri. 4 July 2025: Public rollout of Global Currency Reset. (allegedly)

Wed. 9 July 2025 was the Back Wall for the Global Currency Reset to occur optically. …Jon Dowling, Iraq

Read full post here:  https://dinarchronicles.com/2025/06/10/restored-republic-via-a-gcr-update-as-of-june-10-2025/

************

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

Mnt Goat  ...Didn’t the UN just tell us that “IRAQ WILL BECOME A BANKING POWERHOUSE BOTH DOMESTICALLY AND INTERNATIONALLY”.  Yes, wealth is leadership and Iraq is certainly taking the point lead under Al-Sudani in this area...

Frank26  Question: "If the dinar went from $1.00 to $4.81 would it cause confusion in businesses and consumption prices?" Yes.  The goal is to reach 1 to 1 status.  Once it is, that 1 to 1 stay inside the country... When it leaves outside of the border on a vehicle called Forex the rest of the world will touch the Iraqi dinar by using it, selling it, spending it, investing in it, platform banks with it, that movement of the dinar will allow that 1 to 1 that started in country, but when you went outside you're maturing, $1.50, $2.00, $2.50.  Who determines that value?  The outside market.  Do you think the outside market is just dying to get their hands on the Iraqi dinar?  

URGENT: "Silver's Slingshot Move Has Begun, Here's What Is Different This Time" - Mike Maloney

Mike Mahoney:  6-10-2025

In this urgent and eye-opening video, Mike Maloney breaks down why silver’s long-awaited breakout move is finally here—and why it could lead to triple-digit prices sooner than you think.

 With U.S. debt soaring to unsustainable levels, housing bubbles inflating, and warning signs flashing across every sector—from real estate to employment—Mike lays out why the current economic landscape is more dangerous than ever.

Discover why we’re on the brink of a massive recession

 See the 45-year chart pattern that predicts silver’s explosive future

 Understand how monetary demand will drive silver and gold sky-high

Plus, insights on AI-driven job losses, China’s economic slowdown, and what history tells us about debt cycles. Don’t miss this urgent message if you're serious about protecting your wealth.

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

The Last Silver Bull Market Before The Reset | Clive Thompson

The Last Silver Bull Market Before The Reset | Clive Thompson

Liberty and Finance:  6-9-2025

Clive Thompson argues that the current bull market in gold and silver is unlike previous cycles and may be the final one before a major monetary reset.

 He suggests that this run doesn’t have a clear price target because it will continue until the collapse or replacement of the current fiat currency system.

 According to Thompson, the endgame will be triggered by a loss of confidence in fiat currencies, leading people to rush into tangible assets like precious metals and essential goods.

He believes that in any future currency reset, those holding physical gold or silver will retain their wealth, while holders of fiat financial assets will face severe losses or limited convertibility.

 This, he says, marks a historic transition where gold and silver won't just rise in price—they'll serve as a bridge to the next monetary system.

INTERVIEW TIMELINE:

0:00 Intro

1:30 Silver

4:12 Gold

12:00 Platinum

13:49 US debt crisis

https://www.youtube.com/watch?v=k-hpN5IaMxc

Seeds of Wisdom RV and Economic Updates Tuesday Morning 6-10-25

Good Morning Dinar Recaps,

SEC Chair Paul Atkins says the right to self-custody is a 'foundational American value'

▪️SEC Chair Paul Atkins hinted at more of an openness toward self-custody, marking a departure from the previous administration.

▪️Since President Donald Trump took office and following former Chair Gary Gensler’s departure, the agency has taken a warmer approach to crypto.

A New Crypto Vision Under the Trump and Atkins Era

U.S. Securities and Exchange Commission Chairman Paul Atkins is turning a new page at the agency in how it views self-custody, describing it as a "foundational American value."

In remarks delivered Monday at the SEC’s final Crypto Task Force Roundtable, titled "DeFi and the American Spirit," Atkins hinted more of an openness toward self-custody, marking a departure from the previous administration.

"The right to have self-custody of one’s private property is a foundational American value that should not disappear when one logs onto the internet," Atkins said Monday. "I am in favor of affording greater flexibility to market participants to self-custody crypto assets, especially where intermediation imposes unnecessary transaction costs or restricts the ability to engage in staking and other on-chain activities."

Since President Donald Trump took office and following former SEC Chair Gary Gensler's departure, the agency has taken a warmer approach to crypto in part through dropping enforcement actions against major crypto industry players and creating the crypto task force.

The task force has hosted five roundtable discussions over the past few months with a focus on tokenization, custody, trading, and defining securities.

Atkins has criticized the agency's previous approach, and on Monday, accused the agency of undermining the innovation in self-custody by asserting that developers could be brokers, and therefore, need to follow the SEC's rules.

"I do not believe that we should allow century-old regulatory frameworks to stifle innovation with technologies that could upend and most importantly improve and advance our current, traditional intermediated model," Atkins said. "We should not automatically fear the future."

Atkins also said he asked SEC staff to look into next steps.

"I have asked the Commission staff to explore whether further guidance or rulemaking may be helpful for enabling registrants to transact with these software systems in compliance with applicable law," he said.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

Trump's CFTC pick Quintenz pledges clear crypto classification in written remarks for Senate hearing

▪️Brian Quintenz, nominee for new CFTC chair, said he would support bringing clarity to crypto classification and jurisdiction for market oversight.
▪️Quintenz said he would utilize his experience as head of policy at a16z crypto to shape future regulations around crypto.

Brian Quintenz, nominee to lead the U.S. Commodity Futures Trading Commission, has pledged to provide clear classification and jurisdictional clarity for digital asset market regulation in a written statement shared ahead of his nomination hearing.

The former CFTC commissioner was nominated by President Donald Trump in February, and is scheduled to appear before the Senate Agriculture Committee for a nomination hearing on Tuesday.

"It is time for a comprehensive regulatory framework for crypto assets, including token classification clarity and clear jurisdiction for trading market oversight," said Quintenz. "I am fully prepared to use my experience and expertise to assist in that effort as well in executing any expanded mission should legislation pass into law."

@ Newshounds News™
Source:  The Block

~~~~~~~~

Nigeria Calls on BRICS To Switch Trading in Local Currencies

Nigeria has called on BRICS to switch to trading in local currencies and refrain from using the US dollar for cross-border transactions. During a meeting at the BRICS trade forum held in Brazil, Nigeria’s House Committee on Foreign Affairs, Wole Oke, said that the alliance must begin investing in each other’s economy to maintain equal economic stability for all.

At the trade forum, he urged BRICS to reduce usage of US dollar transactions and begin payments in local currencies. He also urged the bloc to reduce dependency on Western powers and uplift the economies of developing countries.

“Strengthening BRICS trade is no longer optional, it is a necessity. We must trade more with each other, invest in one another, and build a trade ecosystem that puts our people first,” he said, stressing that the time to use local currencies for trade is ripe.

The lawmaker proposed BRICS to create a new establishment for local currency settlements that cuts exposure to “volatile currency politics”. He added that investments must be made in all business sectors including pharmaceuticals, agriculture, manufacturing, and clean energy.

The foreign minister stressed that BRICS members have an overall GDP of 40% of the global economy, and the potential to make it even bigger is untapped and can be a success if local currencies are made the norm. Nigeria is among the 13 partner members of BRICS and is considering reshaping the global finances.

Nigeria Follows the Footsteps of BRICS, Makes Local Currencies Official

Just recently, the government of Nigeria announced that only their local currency, the Nigerian naira will be the official tender for oil trade in the country, ending dependency on the US dollar. 

All oil-refiners must use the local currency and the move could boost its prospects in the forex markets. The African country is looking to tackle the US dollar’s dominance by putting it second in line for oil payments.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Monday Morning 6-9-25

Good Morning Dinar Recaps,

ETF ISSUERS PUSH SEC TO RESTORE ‘FIRST-TO-FILE’ APPROVAL PROCESS—CRITICIZE REGULATORY DELAYS ON STAKING & ALTCOIN ETFS

A group of leading ETF firms is urging the SEC to return to the “first-to-file” approval model, claiming the current system undermines innovation and rewards passive behavior.

VanEck, 21Shares & Canary Capital Fire Back at the SEC

📨 ETF issuers VanEck, 21Shares, and Canary Capital have submitted a formal letter to the U.S. Securities and Exchange Commission (SEC) calling for a reinstatement of the first-to-file approval system for ETFs.

🔍 Their main arguments:

• Skipping the queue discourages innovation

• Delays stifle investor choice

• The current system hurts competition

“The reduced incentive for pioneering product development… compromises market efficiency and fundamentally undermines the commission’s mission.”

They also warned that regulatory inconsistency may cost the U.S. its leadership in financial innovation.

Crypto ETF Momentum Grows Under Trump Administration

Since President Trump’s inauguration, there has been a noticeable surge in crypto ETF applications, reflecting growing expectations for a more favorable regulatory climate.

Yet, despite increased activity, SEC delays are widespread.

SEC Slow-Walks Approval on Staking & Altcoin ETFs

Staking and altcoin ETF filings have multiplied — but so have SEC postponements.

 Notable delays include:

• Grayscale’s spot Solana ETF – Now pushed to October

• Staking and XRP ETFs – Delayed with no early approvals expected

Analyst Insight:

“Almost all of these filings have final due dates in October. Early decisions are out of the norm.” — James Seyffart, Bloomberg ETF Analyst

📉 Even REX-Osprey’s staked ETF products, which had effective registration statements, were halted due to SEC concerns over fund structure — dimming expectations for near-term launches.

Why It Matters

With institutional interest booming and crypto markets expanding, regulatory clarity and efficiency are now mission-critical.

 Returning to a transparent and orderly “first-to-file” process could:

• Reinvigorate innovation

• Restore trust among issuers

• Accelerate broader crypto ETF adoption

Final Thought

As crypto ETFs evolve into a pillar of digital asset investing, the SEC’s next moves could define U.S. market leadership for years to come.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

Ripple Launches Japan-Focused Web3 Program Backed by JETRO

Ripple teams with Web3 Salon to fund XRPL-based innovation in Japan—grants up to $200K, major events planned through 2026, and a bold push to accelerate real-world Web3 adoption in Asia.

Ripple Backs Japan’s Web3 Startups with Grants and Mentorship

Ripple is expanding its footprint in Asia with a dedicated initiative to support Web3 startups in Japan, in partnership with Web3 Salon, a program powered by Asia Web3 Alliance Japan and supported by JETRO (Japan External Trade Organization). The new program is designed to drive real-world development on the XRP Ledger (XRPL) by equipping Japanese entrepreneurs with capital, technical mentorship, and regulatory guidance.

▪️ Ripple & Web3 Salon will award up to $200,000 per startup

▪️ Program backed by Ripple’s Japan & Korea Fund

▪️ Four major events planned across Japan through March 2026

$200K Grants to Fuel XRPL Innovation in Japan

At the core of the program is Ripple’s Japan & Korea Fund, part of its broader $1 billion commitment to the XRP ecosystem announced in 2022. Japanese startups building solutions in DeFi, tokenized real-world assets (RWA), and digital payments on the XRPL are eligible to receive grants of up to $200,000.

Along with capital, startups will gain access to Ripple’s global investor and advisor network, offering early-stage founders strategic advantages in funding, business development, and scaling.

Mentorship & Market Strategy Led by Web3 Salon

While Ripple drives capital support and network access, Web3 Salon will take the lead on founder mentorship, compliance support, and go-to-market readiness. In a country with stringent but transparent crypto regulations, this collaboration is positioned to help startups navigate legal complexities and build sustainable, regulation-ready ventures.

Four Major Events Planned Through Early 2026

Ripple’s regional strategy is also reinforced through an ambitious event roadmap. Community leader WrathofKahneman confirmed that this initiative aligns with Ripple’s long-term expansion in Asia.

From now through March 2026, Ripple and Web3 Salon will co-host four major events in Japan, featuring:

• Pitch competitions

• Policy and regulatory panels

• Investor networking

• Web3 workshops and education

These events are designed to accelerate ecosystem growth and encourage collaboration among developers, policymakers, and enterprise partners.

Japan’s Web3 Opportunity: Clarity Meets Innovation

With its tech-savvy market, supportive institutions, and clear regulatory structure, Japan is uniquely positioned to become a Web3 powerhouse in Asia. Ripple’s strategic alignment with JETRO-backed Web3 Salon represents an institutional push to remove entry barriers for blockchain innovators.

As Ripple continues to invest in foundational technologies and ecosystems, Japan could emerge as a regional leader in real-world blockchain adoption—powered by the XRP Ledger.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

BRICS: 50+ Nations Now Use Yuan, Rupee, Ruble—Not US Dollar in Trade

BRICS-led de-dollarization deepens as over 50 countries shift to local currencies in energy and defense sectors, replacing dollar-based trade systems with yuan, rupee, and ruble.

BRICS Powers Global Shift Away from US Dollar

A global financial shift is accelerating as over 50 nations now conduct trade in yuan, rupee, and ruble, especially within oil and defense sectors, reducing reliance on the U.S. dollar. BRICS nations are at the center of this transformation, using currency trade agreements and new payment infrastructures to bypass the petrodollar system.

India and Russia Drive the Local Currency Trade Boom

The strategic cooperation between India and Russia has shown that local currency settlements are not only viable but efficient. India continues to buy Russian oil using rupees, directly paying energy giant Rosneft without the traditional SWIFT-based, dollar-centered mechanisms.

In defense trade, Russia supplies nearly 66% of India’s military imports, and these deals are increasingly settled in yuan, rupee, or ruble. Bilateral agreements have made national currency transactions standard, demonstrating that large economies can shift away from the dollar without friction.

India–Russia trade surged from $13B in 2021 to $27B in 2022—largely due to local currency payments.

Saudi Arabia Joins the De-Dollarization Movement

Saudi Arabia, long seen as a pillar of the petrodollar system, is now engaging in currency swaps with China and discussing yuan-based oil settlement mechanisms. This marks a historic turning point in global energy markets.

Russian President Vladimir Putin emphasized this shift during the BRICS Summit in Kazan:

“The dollar is being used as a weapon. We really see that this is so. I think that this is a big mistake by those who do this.”

Commonwealth Nations Embrace National Currencies

The Commonwealth of Independent States (CIS) has reached an advanced stage of de-dollarization: over 85% of cross-border trade within the bloc now uses local currencies, directly reflecting the BRICS influence in shaping regional currency practices.

Brazilian President Luiz Inacio Lula da Silva also criticized dollar hegemony, stating:

“Resorting to unilateralism undermines the international order… the consistent defense of multilateralism is the only path we must follow.”

BRICS Pay and Dollar-Free Infrastructure Expansion

To facilitate this growing currency shift, BRICS is rapidly developing BRICS Pay, a payment system that supports multinational trade in local currencies. While a single unified BRICS currency remains under discussion, BRICS Pay already allows seamless transactions outside the dollar system.

This infrastructure also helps countries circumvent sanctions while maintaining legal trade, contributing to the ongoing decline of petrodollar dominance.

Over 50 nations are now engaging in non-dollar trade across key sectors—marking a turning point in the global financial order.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Sunday Morning 6-8-25

Good Morning Dinar Recaps,

Europe Gears Up to Regulate DeFi in 2026 as MiCA Leaves Sector in Limbo

As the EU’s sweeping MiCA framework rolls out, decentralized finance remains in regulatory gray space — but not for long.

DeFi’s Legal Status Under MiCA Still Unclear

European regulators are preparing to address decentralized finance (DeFi) directly in 2026, but the foundational challenge remains: what does “decentralization” actually mean?

The Markets in Crypto-Assets Regulation (MiCA) — the world’s first comprehensive crypto regulatory framework — came into force on December 30, 2024, aiming to protect investors, fight fraud, and strengthen stablecoin oversight. But DeFi protocols are still operating in a legislative gray zone.

Speaking on Cointelegraph’s Chain Reaction X Spaces on June 4, Vyara Savova, senior policy lead at the European Crypto Initiative (EUCI), pointed out the core issue:

“No one actually knows what EU policymakers mean by DeFi.”

Although MiCA outlines detailed licensing and compliance obligations for centralized actors, DeFi has been left largely undefined — and potentially out of scope.

Mid-2026: The Year of DeFi Regulation in the EU

Savova noted that starting mid-2026, EU authorities will begin the process of legally defining decentralization — a prerequisite for regulating DeFi in earnest. Until then, DeFi platforms operate in uncertainty.

One of the most contested elements of the original MiCA rollout was its treatment of decentralized protocols. Critics argued it imposed the same Know Your Customer (KYC) and licensing requirements on DeFi as it does on traditional financial entities — a problematic mismatch.

However, Recital 22 in MiCA offers some hope. It states that fully decentralized crypto-asset service providers “should not fall within the scope of this Regulation.” The challenge? There’s still no working definition of “fully decentralized.”

MiCA 2? Not Happening, Says EUCI

Despite prior calls — even from European Central Bank President Christine Lagarde — for a MiCA II to address these gaps, that sequel regulation appears to be off the table.

According to Marina Markezic, executive director and co-founder of EUCI:

“You have probably heard about a potential MiCA II. It’s not happening.”

Instead, any updates are expected to be narrow and targeted — particularly around stablecoins — rather than a full legislative overhaul.

MiCA continues to undergo rolling revisions every 12 to 18 months, allowing the EU to respond to emerging gaps without reopening the entire framework.

The Bottom Line

Europe’s crypto regime is evolving — and DeFi is finally in the spotlight. But until lawmakers can clearly define what counts as decentralized, protocols will remain caught between legal categories.

With 2026 shaping up to be a turning point, the EU must now strike a balance between innovation, security, and clarity.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

XRP Has Privileged Role on XRPL, Ripple CTO Explains Key Advantages

Ripple’s chief technologist underscores XRP’s indispensable position in the XRPL ecosystem, affirming its critical role in liquidity, decentralization, and fee mechanisms.

XRP’s Core Role in the XRPL Ecosystem Reaffirmed by Ripple CTO

Ripple Chief Technology Officer David Schwartz took to X (formerly Twitter) on June 4 to clarify XRP’s foundational place within the XRP Ledger (XRPL).

Responding to community debate about XRPL’s evolving token ecosystem, Schwartz outlined why XRP remains uniquely essential despite the ledger’s growing diversity.

“The XRPL is more than just XRP. There are stablecoins, there will be tokenized real world assets, loans of all kinds of things. A DEX doesn’t work with just one asset.”

That said, Schwartz emphasized that XRP maintains a privileged role in the protocol’s architecture that no other token can replicate.

Why XRP Is Still Indispensable

Schwartz detailed several ways XRP is structurally embedded into XRPL’s functionality:

• Universal Reception: “It’s the only asset that any account can receive.”

• No Counterparty Risk: XRP doesn’t require trust lines or third-party issuers.

• Liquidity First: “Pathfinding checks for XRP liquidity first.”

• Autobridging: The system prioritizes XRP for bridging trades between other assets.

• Fee Payments: XRP is the only asset that can be used to pay XRPL transaction fees.

These design features give XRP an architectural advantage in routing liquidity, powering decentralized exchanges (DEXs), and facilitating trustless payments across the ledger.

Market Value vs. Ledger Utility

Schwartz concluded with a reflection on the difficulty of quantifying XRP’s market value as a function of XRPL’s utility:

“The question to ponder is how much value XRPL can generate and to what extent that can turn into XRP value.”

He noted the challenge in measuring how XRPL adoption directly translates into demand for XRP — but reiterated that its native, non-replicable role within the network is fundamental to any such growth.

While critics have questioned XRP’s dependency on Ripple or the need for a native token, the protocol’s technical framework continually reinforces XRP’s status as the central asset for liquidity, fees, and routing across a growing DeFi landscape.

Bottom Line

As the XRPL expands to support stablecoins, tokenized assets, and loans, XRP remains its keystone. The core functions of the ledger — from payment settlements to DEX operations — are still fundamentally tied to XRP, reinforcing its long-term strategic relevance.

@ Newshounds News™
Source:  Bitcoin News

~~~~~~~~~

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News, Rumors and Opinions Saturday 6-7-2025

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 Sat. 7 June 2025

Compiled Sat. 7 June 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Tues. 3 June 2025 MarkZ: “I have a number of Bond Contacts who are very excited that things will happen this week. They won’t give specifics, but are very excited.”

Sun. 1 June 2025 Wolverine: “I can’t tell you specifics, but my contacts are very excited that things were happening this week.”

Thurs. 5 June 2025 Bruce: According to Iraqi sources the Iraqi Dinar will be revalued over the weekend in a four day holiday ending Mon. 9 June – and expected to come out on Tues. 10 June. By Sun. night 8 June our Federal Reserve USD accounts will be transferred to a USTN account. USTN will be out by Tues. 10 June. Tier4b notifications should come out on Tues. 10 June, so we could start exchanging on Tues. 10 June or Wed. 11 June.

Thurs. 5 June 2025: MAJOR NEWS: RV/GCR is HERE – The Gold Reset is HAPPENING – The Fed is D**D – The Fiat Illusion is Collapsing – Are You Ready? – amg-news.com – American Media Group

Thurs. 5 June 2025: BOOM!!! TRUMP ERASES IRS, LAUNCHES EXTERNAL REVENUE SERVICE – AMERICANS FREED FROM INCOME TAX FOREVER! VIDEO – amg-news.com – American Media Group

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Fri. 6 June 2025 INTEL: Quantum Financial System, Global Currency Reset – Trust the Plan! …Ron Watkins on Telegram

The Quantum Financial System (QFS), Global Currency Reset (GCR), and revolutionary Med Beds are no longer whispers—they are becoming reality. We are witnessing the collapse of the old systems and the rise of a new global order. Buckle up, because this will reshape the world as we know it.

Quantum Internet and QFS: A Game-Changer: Elon Musk has hinted at a quantum internet rollout by the end of the year, aligning with the activation of the Quantum Financial System (QFS). This system promises to secure and decentralize global transactions, wiping out the corruption of central banks and empowering the people.

A mysterious black swan event is expected to trigger the shift, unleashing a domino effect of currency revaluations worldwide. The GCR will redistribute wealth, expose hidden cures, and restore freedom.

Global Currency Reset: A New Dawn: Currencies across the world are preparing for a monumental revaluation. Iraq’s golden dinar, backed by gold, has already been unveiled, signaling the start of the new financial era. This shift isn’t just about money; it’s about taking power away from the elites and returning it to the people. The old systems controlled by the Rothchilds and central banks are crumbling under the weight of this revolution.

Read full post here:  https://dinarchronicles.com/2025/06/07/restored-republic-via-a-gcr-update-as-of-june-7-2025/

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

Frank26   Everybody is waiting for the new exchange rate ...When you see that everything is frozen from coming in, being activated...it's telling you it's waiting on one thing, one thing only and we're this much away from it.

Militia Man  These guys are really gearing to integrate into the international world.  Are they going to do it at 1310?  Well if they were going to why didn't they do that 2 years ago or back in 2018.  We don't know.  The bottom line is they probably weren't going to because it just wouldn't work.

Clare  Article: "Al-Ghariri: Iraq is getting closer to membership in the World Trade Organization."  Quote: "Minister of Trade, Atheer Al-Ghurairi, announced that Iraq has made significant progress in its path towards joining the World Trade Organization, stressing Baghdad's serious commitment and transparency in meeting the requirements of this important international process."

This Basel III Rule Goes Live in July & It’s the Final Nail in Paper Gold’s Coffin | Andy Schectman

Two dollars Investing:  6-6-2025

Basel III is about to flip the entire gold market on its head—and no one in mainstream finance is talking about it.

In this explosive interview, Andy Schectman reveals how a key rule going live in July could expose the paper gold scam, trigger mass delivery failures, and unleash a flood of demand for physical metal.

Will this be the event that finally breaks COMEX?

Get the full breakdown now—before Wall Street tries to bury it.

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 6-7-25

Good Morning Dinar Recaps,

Crypto Adoption Continues: Apple, X, Airbnb Exploring Stablecoin Integration – Report

As US lawmakers work on passing crucial crypto-related legislation, multiple tech giants are reportedly exploring the adoption of stablecoins to lower transaction costs and streamline cross-border payments.

Apple, Airbnb, X Eye Stablecoin Integration

On Friday, Fortune reported that several Big Tech companies are in early discussions with crypto firms to integrate stablecoins. Sources familiar with the matter stated that Apple, X, Airbnb, and Google are exploring stablecoin adoption to optimize cross-border payments and lower transaction costs.

According to the report, Airbnb has been in talks with crypto companies since the beginning of the year, aiming to reduce high transaction fees charged by processors like Visa and Mastercard by adopting stablecoin solutions.

The short-term rental platform has reportedly discussed the integration with Worldpay, one of its payment processors. Notably, Worldpay recently announced support for stablecoin payouts through its partnership with stablecoin infrastructure provider BNVK.

An Airbnb spokesperson confirmed:

“While crypto payments aren’t something we’re focused on integrating into the platform in the near future, we’re always looking at all aspects of payments for ways to improve our community’s experience with it, including developments in digital assets and their use cases.”

Similarly, Apple has reportedly been engaged in stablecoin-related talks since January. Four sources claim Apple has held conversations with a senior director at Circle, who works on “strategic partnerships in stablecoin payments.”

X (formerly Twitter) is also actively pursuing stablecoin integration into its new payments platform, X Money. The company is reportedly in talks with Stripe to implement this feature. Patrick Traughber, X’s former head of consumer products and payments, initially led the effort before departing in January for the Sam Altman-backed project World. Payam Abedi, a senior engineer at X, has since taken over the initiative.

More Tech Giants Explore Crypto Adoption

Google Cloud is “arguably the furthest along on stablecoin integrations,” the report noted. Google has already accepted payments in PayPal’s PYUSD, a stablecoin that recently cleared a regulatory investigation by the SEC without enforcement action.

Rich Widmann, head of Web3 strategy at Google Cloud, commented:

“It’s pretty clear that this is probably one of the biggest upgrades to payments since the SWIFT network.”

“We’ve invoiced the customer like we would normally invoice them. They’ve paid that bill the way they would normally pay it. But they’ve used stablecoins to effectuate settlement.”

The report also mentions that other tech firms, including Meta, are exploring stablecoin usage. On Thursday, Uber CEO Dara Khosrowshahi revealed that the company is currently in the “study phase” regarding stablecoins for international money transfers.

Chris Ahn, a partner at Haun Ventures, stated:

“[Stablecoins] are this old idea, but finally I think we’ve got the right pieces coming together such that it’s really coming into fruition.”

Regulatory Shift Boosts Momentum

Under the current Trump administration, US regulators have moved away from a punitive “regulation by enforcement” stance. Instead, they are pursuing clear frameworks and detailed guidelines for the digital asset sector.

This shift has accelerated industry adoption, with several Strategic Bitcoin Reserve proposals and crypto Treasury initiatives now gaining attention. Meanwhile, bipartisan efforts in Congress continue to advance the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which aims to provide the US stablecoin industry with a robust legal foundation for growth.

@ Newshounds News™
Source:  Bitcoinist

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US Lawmakers Seek Audit of Federal Gold, Including ‘Deep Storage’

For the first time in over 65 years, Congress is demanding a full-scale audit of America's gold reserves — just as debt surges past $37 trillion and central banks ramp up gold accumulation.

Gold Audit Bill Demands Inventory of All Federal Bullion Holdings

On June 6, 2025, four Republican lawmakers introduced the Gold Reserve Transparency Act (H.R. 3795), calling for a sweeping audit of the United States’ gold reserves — including long-untouched “deep storage” bullion.

Reps. Thomas Massie (R-KY), Troy Nehls (R-TX), Addison McDowell (R-NC), and Warren Davidson (R-OH) co-sponsored the bill, which mandates:

• A full assay, inventory, and physical audit of all U.S. gold within nine months of enactment

• Recurring audits every five years

• Independent oversight by the Government Accountability Office (GAO) and third-party auditors

The scope covers all bullion at depositories, security reviews, and a 50-year forensic analysis of all gold-related transactions, including:

• Leases

• Swaps

• Sales

• Purchases

• Encumbrances

• Gold indirectly held by or through the Federal Reserve, IMF, or foreign central banks

Crucially, the bill bars redactions in the final public report — excluding only physical security protocols. The GAO and its auditors will receive subpoena power to access any relevant facility or record, while the Treasury and Federal Reserve must provide full documentation.

Calls for Transparency Amid National Debt and Gold Repatriation

Stefan Gleason, CEO of the Money Metals Depository, sharply criticized the lack of oversight in past decades:

“The Treasury has lost records and failed to account for vault openings.”

Gleason's Idaho-based facility, notably, is twice the size of Fort Knox.

This movement echoes long-standing calls from figures like Senator Rand Paul and his father Ron Paul, who have both advocated for a Fort Knox audit.

With U.S. national debt surpassing $37 trillion, and Germany repatriating gold from the New York Fed, concerns over American-held gold have escalated. JP Cortez of the Sound Money Defense League called the audit effort a “national security issue,” rejecting performative "walkthroughs" as inadequate.

A Gold Audit vs. Bitcoin’s Blockchain Transparency

While Bitcoin (BTC) enjoys real-time public verification of its entire history and supply via the blockchain, U.S. gold reserves remain shrouded in obscurity.

“Unlike bitcoin, the U.S. gold system lacks inherent transparency,” the bill’s authors contend.

If passed, the Gold Reserve Transparency Act would usher in regular physical audits and the disclosure of decades of potentially opaque transactions — a stark contrast to Bitcoin’s cryptographic, decentralized proof-of-reserve.

What If Fort Knox Is Empty?

Financial provocateur Robert Kiyosaki has added fuel to the fire, warning:

“If Fort Knox’s vaults turn up empty, America’s entire economic infrastructure could come tumbling down.”

The results of the audit — if it passes — are expected to be made publicly available online, setting the stage for a new era of financial transparency or potentially devastating revelations.

@ Newshounds News™
Source:  Bitcoin News

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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

Fiat Currencies are on the Verge of Collapse, is Gold the Only Safe Haven?

Fiat Currencies are on the Verge of Collapse, is Gold the Only Safe Haven?

VRIC Media:   6-6-2025

In a recent appearance on Jay Martin’s VRIC Media channel, renowned financial analyst Lynette Zang delivered a stark warning about the long-term ramifications of the recent U.S. credit rating downgrade.

Zang, known for her in-depth understanding of monetary systems and the interconnectedness of global finance, painted a picture of an increasingly unstable world where trust in traditional financial instruments is rapidly eroding.

The interview explored the intricate web of factors contributing to this erosion of trust. Zang delved into the role of persistently high inflation, fueled in part by massive government spending and loose monetary policy, which devalues the purchasing power of fiat currencies.

 She pointed out how central banks, caught between battling inflation and preventing a collapse in asset prices, are struggling to maintain control.

A key point of discussion was the potential unwinding of the yen carry trade. Zang highlighted how the years of ultra-low interest rates in Japan allowed investors to borrow cheaply in yen and invest in higher-yielding assets elsewhere, boosting global markets.

However, with the Bank of Japan now signaling a potential shift in its monetary policy, the unwinding of these trades could trigger significant volatility and further destabilize the global economy.

Zang emphasized that in this environment, relying solely on traditional financial assets like stocks and bonds carries significant risk. She passionately advocated for the importance of owning physical gold and silver as a hedge against inflation, currency debasement, and systemic risk.

The conversation with Jay Martin was far from optimistic, but Zang offered practical solutions for individuals looking to navigate the coming financial turmoil. She urged viewers to educate themselves about the underlying issues, diversify their assets, and prioritize owning tangible assets like precious metals.

This interview serves as an urgent call to action for anyone concerned about preserving their wealth in an increasingly precarious world.

Lynette Zang masterfully connected the dots between sovereign debt, inflation, monetary policy, and the growing need for a safe haven in the form of physical gold and silver.

Her insights provided a chilling, yet crucial, perspective on the current state of global finance and the potential challenges that lie ahead, making it a must-watch for anyone seeking to understand and prepare for the future.

https://youtu.be/6xTcCDS0KL0

News, Rumors and Opinions Friday 6-6-2025

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. 6 June 2025

Compiled Fri. 6 June 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Judy Note: It was my understanding that Redemption Centers could give you a higher rate on exchange of your currencies than could a bank. The much higher Dinar Contract rate was only available at a Redemption Center. Zim could only be redeemed at a Redemption Center, not at a bank. They will be sending out notifications on how to obtain an appointment at a Redemption Center and such will be posted in my updates and on various Dinar websites.

Tues. 3 June 2025 MarkZ: “I have a number of Bond Contacts who are very excited that things will happen this week. They won’t give specifics, but are very excited.”

Sun. 1 June 2025 Wolverine: “I can’t tell you specifics, but my contacts are very excited that things were happening this week.”

~~~~~~~~~~~~~

Thurs. 5 June 2025 Bruce:

There were additional banks that have yet to integrate into the Quantum Financial System, Starlink System, Blockchain Technology and Syntax System. That should complete by Sun evening.

24 currencies were going up in value. Korean Won and Taiwan Dollar have been added.

According to Iraqi sources the Iraqi Dinar will be revalued over the weekend in a four day holiday ending Mon. 9 June – and expected to come out on Tues. 10 June.

Some sources said the IRS was gone, the IMF was gone, the SWIFT System was gone.

The new Quantum Financial System was in place and allows you to do an immediate transfer of funds.

By Sun. night 8 June our Federal Reserve USD accounts will be transferred to a USTN account.

USTN will be out by Tues. 10 June.

Tier4b notifications should come out on Tues. 10 June, so we could start exchanging on Tues. 10 June or Wed. 11 June.

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Thurs. 5 June 2025: GLOBAL FINANCIAL EMERGENCY! GLOBAL CURRENCY RESET IS HERE! …Ben Fulford on Telegram

The world is on the brink of a catastrophic financial collapse! The Global Currency Reset (GCR), NESARA GESARA, and the Quantum Financial System (QFS) are no longer whispers in the dark. The storm is here, and the elites are scrambling to contain the fallout before the truth reaches YOU!

The black swan event is unfolding before our eyes! The world’s top economies are INSOLVENT! The U.S., Canada, Europe, Japan, Israel, the U.K., Taiwan, Australia, and New Zealand CANNOT sustain their debt any longer. The financial system is crumbling, and a monumental shift is coming that will change everything!

THE GREAT RESET VS. THE PEOPLE’S RESET! They want you distracted while they rewrite the financial order behind closed doors. But here’s the TRUTH: The QFS is set to replace the corrupt banking system that has enslaved us for centuries! This system, rumored to be gold-backed and fully decentralized, will eliminate the central banks and their criminal grip on global finance.

THE EMERGENCY BROADCAST SYSTEM (EBS) IS COMING! In the midst of this chaos, the EBS is primed for activation! Why? Because when the markets implode, when the banks fail, when the truth about NESARA GESARA is finally revealed, the world will enter a new era of financial sovereignty!

We are at the point of no return. The Federal Reserve is dead. The IMF is scrambling. The dollar is collapsing, and the fiat money system is burning to the ground. What will rise from the ashes? A fair, asset-backed system that restores power to the people!

WHAT YOU NEED TO DO NOW! Get cash in hand before bank closures hit! Exit fiat currency NOW – gold, silver, and cryptos (XRP, XLM, XDC) will be the new financial foundation!

Read full post here:  https://dinarchronicles.com/2025/06/06/restored-republic-via-a-gcr-update-as-of-june-6-2025/

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

Militia Man Maintaining foreign cash reserves the country has done a phenomenal job.  They have 160 tons of gold...It covers 140% of their imports and local currency in circulation.  

Clare   Article:   "PM Advisor: Iraq's natural resources are worth more than $16 trillion"   Quote:  "Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Wednesday that Iraq is moving towards diversifying its gross domestic product (GDP) sources by expanding investment in the mining sector, He noted that the value of Iraq's natural resources exceeds $16 trillion."

************

China Just Triggered The Final Silver Reversal—And COMEX Can’t Hide It Anymore | Andy Schectman

6-5-2025

China just made a bold silver move that exposed everything the West has been hiding. COMEX just saw its biggest silver delivery in history—and it’s not a coincidence.

 Silver closed at 36.36 in Shanghai, creating an unstoppable arbitrage play that could force a total breakdown of the Western price system.

Andy Schectman breaks down how China’s strategic accumulation, silent silver imports, and record deliveries are setting up a global reversal that Wall Street can no longer suppress.

 From naked shorting to state-sponsored silver hoarding, the truth is finally out.

https://www.youtube.com/watch?v=pZ9VHC5E5TE

Seeds of Wisdom RV and Economic Updates Friday Morning 6-6-25

Good morning Dinar Recaps,

Former CFTC Chair Warns Digital Asset Clarity Act Could Undermine Main Markets

Former Commodity Futures Trading Commission (CFTC) Chair Timothy Massad warned lawmakers that the Digital Asset Market Clarity Act of 2025 (Clarity Act) could create more confusion than clarity while potentially undermining decades of established securities law. 

In testimony before the House Financial Services Committee, Massad argued that effective digital asset legislation for market structure should follow two simple principles: “do no harm and keep it simple.”

Massad emphasized that any digital asset market structure legislation must not undermine the U.S.’s $120 trillion equity and debt markets, which he described as “the foundation of the U.S. economy and the envy of the world.” He cautioned that “legislation that rewrites the definition of a security or revises the Howey test to promote this technology can easily undermine the markets.”

Clarity Act’s Fatal Flaws

The former regulator identified several ways the Clarity Act violates his core principles:

1. Unstable Decentralization Criteria
   Massad criticized the bill’s excessive reliance on decentralization as a regulatory framework, calling it “unstable ground on which to build a regulatory framework.” He noted it is difficult to define and measure, may change over time, and is not necessarily the right metric for judging innovation.

2. Regulatory Gaps Persist
   The Act fails to address the main oversight gap it claims to solve. While it introduces regulation for “digital commodities,” its definition would apply to only a handful of tokens. Exchanges like Coinbase, Kraken, and Gemini list dozens to hundreds of tokens, many of which would still lack meaningful oversight.

3. Regulatory Arbitrage Risk
   At 236 pages long with dense and complex definitions, the legislation opens doors for regulatory loopholes. Massad warned that “many, many lawyers will spend huge amounts of time developing ways to exploit this legislation.” He urged that legislation should focus on high-level principles and leave detailed implementation to experts.

A Simpler Path Forward

Instead of the Clarity Act’s approach, Massad renewed his proposal for a joint Self-Regulatory Organization (SRO) overseen by both the SEC and CFTC. This entity would regulate “any trading platform or other intermediary transacting in Bitcoin or Ether,” covering all digital tokens traded on those platforms.

The proposed SRO would be:

• Tightly supervised by the SEC and CFTC

• Governed independently, with board members and rules approved by the agencies

• Focused on governance, customer protection, conflicts of interest, and anti-fraud

Massad contended this model would deliver comprehensive investor protection quickly by targeting the centralized platforms that dominate crypto spot markets—all without the definitional chaos embedded in the Clarity Act.

@ Newshounds News™
Source:  Ledger Insights

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BRICS: Oil Giant Eyes Chinese Yuan Bonds, Ignores US Dollar Assets

In a breakthrough shift in the financial sector, the BRICS alliance has paved the way for other countries and leading business institutions to look beyond US dollar-based Treasuries and bonds and buy other Asian-based financial assets. 

Kazakhstan, which participates in BRICS Outreach formats, has allowed its state-run oil and gas company KazMunayGas to eye Chinese yuan bonds, leaving aside the US dollar-based bonds and Treasuries for the first time.

The Chinese yuan bonds are cheaper debt compared to the US-denominated financial assets such as Treasuries and bonds. KazMunayGas is also exploring opportunities to issue debt in Arab countries and buy their bonds in a first-of-a-kind development.

 The credit for this new shift goes to the BRICS bloc as they’re convincing firms that there are more options to explore such as the Chinese yuan than just buying US dollar-based assets.

BRICS: Kazakhstan’s Oil & Gas Firm Eyes Chinese Yuan Bonds, Sidelining US Dollar Assets

KazMunayGas is looking to explore cheaper borrowing terms and usher the oil and gas industry into a new era. Reducing US dollar-denominated assets was the primary goal of BRICS and now other countries are following suit.

“We looked at all options. Currently, there is a possibility to sell dim sum, and panda bonds,” said CEO Askhat Khassenov to Bloomberg. “Dim sum and panda bonds offer rather good conditions,” said Khassenov.

For the uninitiated, dim sum bonds refer to notes denominated in the offshore Chinese yuan. It mainly trades outside mainland China. In addition, panda bonds are yuan debt sold by foreign borrowers in China’s domestic market. It might not take much time before state-run oil firms from BRICS countries start eyeing Chinese yuan bonds.

The BRICS development will add a dent in the US dollar-denominated assets while Chinese yuan bonds go for the win. This is the first such instance where the yuan assets are being considered—and might not be the last either.

@ 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