Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

Gold, Silver, and the Great Financial Reset

Gold, Silver, and the Great Financial Reset

Kinesis Money:  12-6-2024

In a compelling episode of Live from the Vault, Kinesis Money’s Andrew Maguire joins forces with esteemed economist Dr. Stephen Leeb to uncover the seismic shifts occurring within the global financial landscape.

Their insightful dialogue deftly navigates the accelerating decline of the US dollar’s dominance, the resurgent role of gold in contemporary monetary systems, and the significant moves being made by BRICS nations that are catalyzing a transition towards a multipolar world order.

Gold, Silver, and the Great Financial Reset

Kinesis Money:  12-6-2024

In a compelling episode of Live from the Vault, Kinesis Money’s Andrew Maguire joins forces with esteemed economist Dr. Stephen Leeb to uncover the seismic shifts occurring within the global financial landscape.

Their insightful dialogue deftly navigates the accelerating decline of the US dollar’s dominance, the resurgent role of gold in contemporary monetary systems, and the significant moves being made by BRICS nations that are catalyzing a transition towards a multipolar world order.

At the heart of the discussion lies the growing vulnerability of the US dollar, long held as the world’s primary reserve currency. Maguire and Leeb analyze the multifaceted factors contributing to this decline, including rising inflation, expansive monetary policies, and geopolitical tensions.

The dollar’s entrenched status is increasingly at risk as other nations seek alternatives to mitigate their dependence on the dollar. This realignment is not just a financial shift; it represents a profound transformation in global power dynamics.

Amidst this tumult, gold is resurfacing as a form of monetary security. Maguire and Leeb highlight the critical role that gold plays in the evolving landscape, especially as central banks around the world begin to stockpile the precious metal. This strategic move underscores gold’s timeless allure as a reliable store of value and a hedge against fiat currency failures.

Leeb points out that the historical precedence of gold during economic upheaval has led to renewed interest in its intrinsic value.

As nations grapple with the challenges posed by inflationary pressures and the erosion of trust in fiat currencies, gold is being reconsidered not merely as a commodity, but as a cornerstone of sound monetary policy.

This revitalization of gold could reshape not only individual national economies but also the global financial framework.

The discussion also pivots towards the BRICS nations—Brazil, Russia, India, China, and South Africa—whose collective muscle is creating a new paradigm in international finance. These countries are actively working to establish a multipolar world order that diminishes the spotlight on the US dollar.

The implications of their coordinated efforts are profound, signaling a shift toward diversified currencies and transactions that prioritize regional stability over reliance on a single power.

With initiatives such as the BRICS currency discussions and the promotion of trade in local currencies, these nations aim to create more equitable terms of trade that serve their interests. As Maguire suggests, this transition poses both opportunities and challenges, pushing for a recalibration of how financial systems are viewed and operated globally.

A particularly poignant element of the discussion is the dichotomy between spiritual and material perspectives in global economics. Leeb highlights the importance of recognizing the underlying values that drive economic behavior, suggesting that a purely materialistic approach, often seen in the relentless pursuit of GDP growth, is shortsighted.

 The co-hosts argue for a shift towards a more holistic view of economics—one that encompasses not just monetary success but also societal well-being and ethical considerations.

Such insights urge policymakers and individuals alike to rethink their relationship with wealth and prosperity. By fostering a balance between spiritual values and material pursuits, it may be possible to create a more sustainable and equitable financial ecosystem.

As Andrew Maguire and Dr. Stephen Leeb so effectively articulate, the current financial landscape is in flux, marked by the decline of the US dollar’s supremacy, the resurgence of gold as a monetary cornerstone, and the transformative ambitions of BRICS nations.

These changes compel us to reconsider our economic paradigms and the values that underpin them. In navigating these uncharted waters, embracing a more holistic view of economics may well equip us to face the future with resilience and integrity.

The implications of their insights are vast and warrant close attention from anyone interested in the dynamics of global finance, as the winds of change continue to shape our monetary future.

https://youtu.be/KRmUGI2ECxo

Read More
Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 12-07-24

Good Afternoon Dinar Recaps,

THE QUANTUM FINANCIAL SYSTEM'S NETWORK  —  ISO 20022  COMPLIANT COINS

▪️Ripple XRP

Institutional coinsnetwork of smart contracts, removes 3rd party verification, reduces fraud and illegal activities.

The digital currency, XRP, acts as a bridge currency to other currencies. It does not discriminate between any fiat/cryptocurrency, which makes it easy for any currency to be exchanged for another.  It is scalable.  XRP Provides Global Liquiditybacked by goldpart of the ISO20022 ecosystem.

Good Afternoon Dinar Recaps,

THE QUANTUM FINANCIAL SYSTEM'S NETWORK  —  ISO 20022  COMPLIANT COINS

▪️Ripple XRP

Institutional coinsnetwork of smart contracts, removes 3rd party verification, reduces fraud and illegal activities.

The digital currency, XRP, acts as a bridge currency to other currencies. It does not discriminate between any fiat/cryptocurrency, which makes it easy for any currency to be exchanged for another.  It is scalable.  XRP Provides Global Liquiditybacked by goldpart of the ISO20022 ecosystem.

ISO20022 is a worldwide industry standard that has been brought in to regulate the interchange of electronic data between financial institutions.

Ripple works on an open-source and peer-to-peer decentralized platform that helps in easily transferring various forms of fiat money, be it pound, dollars or rupees, or cryptocurrencies, like Ether or Bitcoin.

Its services included being a medium of exchange, international payment settlement and remittance system.
XRP is the digital asset native to the Ripple system. It is touted as being easy to use with almost free, instant transactions. Ripple is built upon distributed open source protocol, a consensus ledger and the aforementioned digital asset known as XRP.

Built for enterprise use, XRP enables real-time global payments anywhere in the world. XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments and has been increasingly adopted by banks and payment networks as settlement infrastructure technology.

▪️Stellar XLM

Digital Currency backed by Silver, part of the ISO20022 ecosystem.
XLM/Stellar Network: the people’s coin, people can create/send/trade all forms of money (fiat and digital)undeveloped nations.  Partnered with VISA and MoneyGram.

Stellar is a cryptocurrency and open source protocol for value exchange founded in early 2014 with a similar structure to that of the competing blockchain solution, XRP. Stellar claims to be platform that connects banks, payments systems, and people.

Stellar aims to achieve this through its completely decentralized consensus platform. It is designed to support any type of currency and has a built in decentralized exchange that can be used to trade any type of currency or asset.

The Stellar ledger records all the balances and transactions belonging to every account on the network. A complete copy of the Stellar ledger is then hosted on each server that runs the open source Stellar software. These servers form the decentralized Stellar network. To verify the network these servers then sync and validate the ledger through process known as consensus.

▪️Quant QNT

Quant is a versatile plug-and-play solution connecting different blockchains and enterprise software without requiring new infrastructure.

Using distributed ledger technology (DLT) and APIs through the Overledger API gateway, it enables seamless communication between blockchains.

Quant also supports multi-ledger tokens (MLTs) backed by fiat funds held in escrow, serving entities like central banks, banks, fintechs, payment systems, and marketplaces.

These MLTs function as stablecoins, vouchers, loyalty points, and eMoney, facilitating fast and transparent cross-border bank payments.

The union of Quant (QNT) and the ISO 20022 standard signifies a groundbreaking alliance within the Quantum Financial System.

Quant, focused on blockchain interoperability, integrates ISO 20022's universal financial messaging standard to enhance connectivity between diverse networks.

By adhering to ISO 20022, Quant aims for standardized, efficient, and secure transactions, propelling faster speeds, reduced costs, and improved transparency.  Moreover, this integration represents a vital step toward leveraging quantum computing in finance.

While promising, challenges like widespread adoption and regulatory alignment must be addressed.
Yet, the amalgamation of Quant QNT with ISO 20022 paints a future where quantum technology and interoperability revolutionize finance.

▪️ XDC/ XinFin Network

Digital Currency backed by Copper, part of the ISO20022 ecosystem.
Fintech coin (VISA/MC), partnered with Flare Network/DeFi (decentralized finance) = bridge between institutional and retail.

XinFin is a Blockchain technology company focused on international trade and finance.
We have developed a highly scalable, secure, permissioned and commercial grade Blockchain architecture.

XinFin blockchain is powered by XDC01 protocol, which is built over the first of its kind Hybrid Blockchain architecture to eliminate the inefficiencies in global trade and financing and to enable institutions provide real time settlement as well as enabling cross border smart contracts.

With an aim to bridge the global infrastructural deficit with their open source marketing platform - TradeFinex, XinFin has created a seamless platform for financiers, suppliers and beneficiaries across industries worldwide.

The primary goal of XinFin is efficiently facilitate capital deployment and minimize pressure on the infrastructural deficit by enabling a peer to peer trade and financing between governments, corporates, communities and suppliers.

They use blockchain and IoT to enable the transaction of community driven digital asset.

▪️Algorand ALGO

Digital Currency backed by precious metal Palladium, part of the ISO20022 ecosystem.

Algorand is an open source, pure proof of stake blockchain protocol.
It requires a negligible amount of computation, and generates a transaction history with low “fork” probability.

This protocol aims to remove technological barriers: decentralization, scalability, and security, that have undermined the acceptance of mainstream blockchain.

Algorand implements a new Byzantine Agreement (BA) protocol to reach consensus among users on the next set of transactions.

To scale the consensus to many users, Algorand uses a novel mechanism based on Verifiable Random FunctionsThere are two types of smart contracts on the Algorand network: 

Layer 1 on-chain, and Layer 2 off-chain, by moving the most computationally intensive smart contracts off-chain, Algorand frees up space on the network for simple transactions, thus reducing congestion to improve processing speed.

▪️Iota MIOTA

Digital Currency backed by precious metal Iridium, part of the ISO20022 ecosystem.

IOTA is an open source, public distributed ledger that is used for providing secure payments and communications between devices on the “Internet of things.
The IOTA ledger stores transactions in a directed acyclic graph structure, called a Tangle.

The Tangle is used instead of the blockchain structure commonly seen in other cryptocurrencies, such as Bitcoin.

This tangle structure is part of what enables IOTA to keep its transactions free, regardless of the size, In addition the confirmations are almost instant and the systems capability is unlimited.

▪️Hedera HBAR

The integration of Hedera HBAR into the ISO 20022 framework within the Quantum Financial System (QFS) marks a significant stride in the evolution of finance.

Hedera Hashgraph's unique consensus algorithm, combined with the standardized messaging of ISO 20022, promises several advantages.

This integration facilitates: Interoperability, Security, Efficiency, Transparency and Auditability, Global Adoption.

These tokens are mainly utilized to power decentralized applications to protect the network from malicious attacks and for paying network services.

While promising, challenges such as regulatory compliance and market acceptance remain.
Nonetheless, this integration paves the way for a more efficient, transparent, and globally accessible financial landscape.

▪️Cardano ADA

Cardano (ADA) is a third-generation blockchain platform built to address the limitations of earlier blockchain systems like scalability, interoperability, and sustainability.

Developed with a strong emphasis on academic research and peer-reviewed protocols, Cardano is known for its innovative approach to decentralization and energy efficiency through its Ouroboros proof-of-stake (PoS) consensus mechanism.

As one of the few cryptocurrencies aligned with the ISO 20022 messaging standard, Cardano is uniquely positioned to integrate seamlessly into the evolving global financial system.

This makes ADA particularly appealing for use cases like cross-border payments, remittances, and other financial services requiring high levels of interoperability and regulatory compatibility.

@ Newshounds News™

Source: 
 https://qfs.live/

~~~~~~~~~

END OF CRYPTO CRACKDOWNS? LAWMAKER SAYS 'REGULATION BY ENFORCEMENT IS OVER'

A top lawmaker says the U.S. is shifting from “regulation by enforcement” to clear oversight, with new leadership poised to boost cryptocurrency and AI innovation.

A New Era for Crypto and AI Regulation

U.S. House Financial Services Committee Chairman Patrick McHenry has highlighted progress in crypto regulation, focusing on new leadership roles and the evolving oversight of cryptocurrencies and artificial intelligence (AI). In a post on social media platform X Friday, McHenry praised the creation of a “crypto and AI czar” as a major development.

“The mere fact that the U.S. now has a crypto and AI ‘czar’ reflects the impact of the Financial Services Committee,” he claimed, emphasizing:

The era of regulation by enforcement is over.

With folks like David Sacks and Paul Atkins, the future of the digital asset ecosystem in the U.S. is brighter than ever,”the congressman added. “Paul Atkins has the expertise and experience needed to restore faith in the SEC. I’m confident his leadership will lead to clarity for the digital asset ecosystem and ensure U.S. capital markets remain the envy of the world,” the congressman continued.

President-elect Donald Trump recently announced two significant appointmentsDavid Sacks as the White House AI and Cryptocurrency Czar, and Paul Atkins as Chair of the Securities and Exchange Commission (SEC), replacing Chair Gary Gensler. 

Sacks, a venture capitalist and former Paypal executive, is tasked with developing a legal framework to bolster the U.S. crypto industry and ensure global competitiveness in artificial intelligence. 

Atkins, a former SEC commissioner known for his pro-crypto stance, is expected to shift the agency’s approach towards more lenient regulations, potentially easing enforcement actions against digital asset firms. 

These appointments signal the incoming administration’s intent to foster innovation in emerging technologies while reconsidering existing regulatory measures.

McHenry has announced he will retire from Congress at the end of his current term, which concludes in January 2025As Chairman of the House Financial Services Committee, he has been a leading advocate for clear regulatory frameworks in the digital asset sector.

His comments come amid growing calls for a balanced regulatory approach that fosters innovation while ensuring investor protection. Industry observers have long criticized “regulation by enforcement” for creating uncertainty and stifling growth, making this transition a welcomed change for stakeholders.

The new focus on leadership and structured policies marks a pivotal moment for U.S. cryptocurrency and AI development, with advocates anticipating a more supportive environment for innovation.

@ Newshounds News™

Source:  Bitcoin News

~~~~~~~~~

GET READY FOR NESARA GESARA WITH THESE 5 ESSENTIAL QSI TOOLS!  Youtube

QUANTUM FUTURE WITH THE QFS

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps














































































‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘

Read More
News DINARRECAPS8 News DINARRECAPS8

Iraq Economic News and Points to Ponder Saturday AM 12-7-24

Economic: The Parallel Market Sells The Dollar At A Price Not Subject To Government Control
 
    December 6 14:44   Information / Baghdad...  Economic affairs researcher Diaa Abdul Karim said on Friday that the  Iraqi parallel market sells the dollar to citizens at a price that is not subject to state control, pointing out that the  absence of control will create a crisis with any tension that the country may go through. Abdel Karim told Al-Maalouma,
 
“There is silence from the government regarding the parallel market and the price at which the dollar is sold to citizens, and this silence will generate a real crisis within the market if the country goes through any emergency circumstances or tensions that may occur in the coming days.”  

Economic: The Parallel Market Sells The Dollar At A Price Not Subject To Government Control
 
    December 6 14:44   Information / Baghdad...  Economic affairs researcher Diaa Abdul Karim said on Friday that the  Iraqi parallel market sells the dollar to citizens at a price that is not subject to state control, pointing out that the  absence of control will create a crisis with any tension that the country may go through. Abdel Karim told Al-Maalouma,
 
“There is silence from the government regarding the parallel market and the price at which the dollar is sold to citizens, and this silence will generate a real crisis within the market if the country goes through any emergency circumstances or tensions that may occur in the coming days.”  

He added, "Most people heading to the parallel market want to obtain the dollar for
 
     urgent travel purposes, or to urgently
     purchase medicine from abroad, or for the purpose of
     purchasing cars from approved showrooms." He stated that  "the government can open a window in government banks that allows the citizen to obtain the dollar for the purpose of buying a car, or give him a check for the amount to be disbursed after signing the purchase contract officially and certified by the Traffic Department, in order to avoid the corruption that occurs in the buying and selling of the dollar."  
 
https://almaalomah.me/news/84633/economy/اقتصادي:-السوق-الموازي-يبيع-الدولار-بسعر-غير-خاضع-لسيطرة-الح   

Parliamentary Integrity accuses a former employee of the Iraqi Central Bank of being behind the US sanctions
 
politics     breaking  2024-12-01 Shafaq News/ On Sunday, the Parliamentary Integrity  Committee accused a former employee of the Central Bank of being behind the banking sanctions imposed on some Iraqi banks by the US Federal Bank.
 
The number of sanctioned banks is 32 out of 72 banks operating in Iraq.
 
Member of the Parliamentary Integrity Committee, Vian Dakhil, said in a statement received by Shafaq News Agency, that
 
a former employee of the Central Bank hid the emails received by the Federal BankJP Morgan, and Citibank to inquire about some topics related to the bank’s work. She added that  failure to answer these issues caused some banks to be punished, stressing that  most banks do not know the reason for the sanctions against them.
 
On the other hand, economic expert, Mustafa Akram Hantoush, told Shafaq News Agency that the
 statements of members of the Parliamentary Integrity Committee are closer to reality than the statements of the Central Bank of Iraq.

He added that the  collapse of the Iraqi banking system and the punishment of 32 Iraqi banks without a clear charge during a period of (a year and a half) is not normal, and in terms of banking, this may be the first incident of this kind in the world. Hantoush noted that   what is worse is the lack of serious solutions by the Central Bank of Iraq to this situation, but rather the
 
     move towards canceling the (Fitr) platform at the end of 2024 and
     handing over the dollar file to banks affiliated with investors and foreign banks (Jordanian and Gulf). Hantoush wondered:
 
Does the Central Bank of Iraq know that by not finding solutions for the Iraqi banking sector,
 
     it will fire the coup de grace on the entire Iraqi banking system and become punished as a whole,
  
    which will lay off nearly 100,000 workers in the Iraqi private banking sector for the benefit of Jordan and the Gulf countries? And
 
why is it not guaranteed?
 
Iraqi banks are required to open an account in correspondent banks in dollars (Citibank/GBMorgan), as the countries of the region have done. He continued,
 
 “Why has the cooperation and auditing mechanism not yet been identified and announced with Ernst & Young regarding transfers in currencies other than the dollar?”   
 
https://shafaq.com/ar/سیاسة/النزاهة-النيابية-تتهم-موظفا-سابقا-بالبنك-المركزي-بالوقوف-ورا-العقوبات-الامريكية-على-المصارف-العراقية   

Iraq Today Is More Secure, Stable And Open: UN Iraq
 
    Iraq IraqiNews December 6, 2024 Baghdad (IraqiNews.com) – Iraq, which has so far escaped being drawn into the escalating Middle East conflict, has seen positive improvements in recent months, but  
corruption and other challenges still exist, the country’s new UN Special Representative told the UN Security Council.
 
Iraq today is more securestable and open, despite the many obstacles facing the country,” said Mohamed Al Hassan, Iraq’s new UN Special Representative.
 
Iraq “is capable of overcoming crises and facing challenges towards forging a more secure, bright, and hopeful future,” according to the the envoy, who also serves as the head of the UN Assistance Mission in Iraq (UNAMI).
 

“Today’s Iraq is not the same as the Iraq of 20 years ago, or even five years ago,” added Al Hassan.
 
Al Hassan praised Prime Minister Mohammed Shia Al-Sudani’s efforts on behalf of the Iraqi government particularly with regional conflicts in the Middle East.
 
“Iraq’s government has shown strong resolve to keep the country out of the widening regional conflict, while standing firm as a strong voice for regional peace and stability,” said Al Hassan.
 
Furthermore, the UN special representative commended Baghdad’s push for major infrastructure projects throughout the country, including building roads, bridges, schools and transportation networks.   https://www.iraqinews.com/iraq/iraq-today-is-more-secure-stable-and-open-un-iraq/   

The Governor Of The Central Bank Chairs A Meeting Of The Rafidain Bank Restructuring Project Committee
 
December 05, 2024  His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired an expanded meeting to discuss the Rafidain Bank restructuring project.
 
While the committee for this project included
 
     Mr. Undersecretary of the Iraqi Ministry of Finance, Rebaz Muhammad Abdullah,
     officials of the Central Bank of Iraq, the
     State Advisor to the Prime Minister, the
     head of the World Bank mission in Iraq, and a
     representative of Rafidain Bank, as well as
     members of Ernst & Young as an expert auditor and consultant in the structuring process.
 
The Regional Director of the World Bank in Iraq, Mr. Emmanuel Salinas, explained the reality of working on this project, in which  he presented the opportunities available within the banking work environment in Iraq and the mechanism for developing the structuring plan in its operational and financial aspects.
 
Meanwhile, Mr. Firas Kilani, an expert in the structuring project from Ernst & Young, explained that
 
the project has
 
     progressed very significantly since its start in September of 2024 and has
     currently reached 74%.
 
The next phase of the scope of work will be completed at the end of this month, and the   
transition to the phase advanced in this project.

While His Excellency the Governor confirmed that the support of the Prime Minister of Iraq in this aspect positively accelerated the progress of the project, to reach important stages in the structuring and development process in the Rafidain Bank

Central Bank of Iraq   Media  Office         https://cbi.iq/news/view/2728   


For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Read More
Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Saturday Morning 12-07-24

Good Morning Dinar Recaps, 

FORMER NY FED PRESIDENT ARGUES BITCOIN COULD UNDERMINE USD, SUGGESTS PRIORITIZING REGULATORY FRAMEWORK

Bitcoin has recently surged past $100,000 following Donald Trump‘s election victory. Amidst broader market sentiments, the crypto community eagerly anticipates that Trump administration will prove to be pro-crypto and will stand behind his promise of a strategic BTC reserve for the United States.

Advocates believe it could serve as a hedge against inflation and a diversification tool in portfolios. However, Bill Dudley, former president of the Federal Reserve Bank of New Yorkhas criticized Bitcoin’s role as money, describing its volatility and lack of income generation as its shortcomings.

Good Morning Dinar Recaps, 

FORMER NY FED PRESIDENT ARGUES BITCOIN COULD UNDERMINE USD, SUGGESTS PRIORITIZING REGULATORY FRAMEWORK

Bitcoin has recently surged past $100,000 following Donald Trump‘s election victory. Amidst broader market sentiments, the crypto community eagerly anticipates that Trump administration will prove to be pro-crypto and will stand behind his promise of a strategic BTC reserve for the United States.

Advocates believe it could serve as a hedge against inflation and a diversification tool in portfolios. However, Bill Dudley, former president of the Federal Reserve Bank of New Yorkhas criticized Bitcoin’s role as money, describing its volatility and lack of income generation as its shortcomings.

As per a latest Bloomberg report, Bill Dudley, former president of the Federal Reserve Bank of New York, has expressed concerns over the idea of incorporating Bitcoin into the U.S. national reserves and argues that it would not benefit most Americans. He emphasized that such a move might not align with the nation’s best interests and could divert focus from more inclusive economic policies.

Can Bitcoin Undermine USD’s Status?

He noted that incorporating Bitcoin into the US national reserves could undermine the dollar’s status as the global reserve currency and primarily benefit specific interest groups rather than the broader American public.

Notably, Bill Dudley stated that Bitcoin is a weak assetnoting reasons such as price volatility, lack of widespread acceptance as payment, and slow and expensive transaction processes that make BTC a weak asset.

He also noted the risk of individuals losing access to their Bitcoin holdings and that, unlike traditional financial assets, Bitcoin does not generate income through interest or dividends. “Bitcoin is not connected to any cash flows like interest or dividends, and its price is driven purely by speculative demand,” he explained.

The former Fed chair also noted that the absence of an exit strategy for a Bitcoin reserve would make it a liability. “The government would end up holding tokens that produce no income, offering no real value to the majority of Americans,” he said.

Suggests To Focus On Comprehensive Regulations-

Notably, Dudley argued that creating a Bitcoin reserve for the U.S. would require the Treasury to increase borrowing, raising debt servicing costs or requiring the Fed to print more money, ultimately fueling inflation.

Instead of focusing on Bitcoin as a reserve asset, Dudley has called for the Trump administration to prioritize creating a robust regulatory framework for the crypto industry.

He stressed the need for clear rules to protect consumers, regulate stablecoins, and prevent the use of cryptocurrencies in criminal activities. “Crypto technology has the potential to improve the financial system,” Dudley noted. “However, without strong guardrails, fraud and abuse will continue to undermine trust and hinder progress.”

Market Optimism Prevails
Nevertheless, there is market optimism amidst expectations of a more crypto-friendly administration. Also, the nomination of digital asset-friendly Paul Atkins to chair the SEC provided the final boost as bitcoin surpassed $100,000 to record highs.

Recently, Trump nominated venture capitalist David Sacks as the White House AI & Crypto Czar, who is expected to push Trump’s crypto and AI pro-innovation plans forward.

@ Newshounds News™

Source: Coinpedia 

~~~~~~~~~

GARY GENSLER QUIETLY SETS AGGRESSIVE CRYPTO CRACKDOWN IN MOTION BEFORE LEAVING, WARNS FORMER SEC OFFICIAL

SEC Chair Gary Gensler is orchestrating a last-minute push to cement aggressive crypto enforcement, with secret promotions signaling a looming regulatory crackdown despite leadership changes.

Former SEC Official Warns of Crypto Crackdown Despite Incoming Pro-Crypto Chair

John Reed Stark, former head of the U.S. Securities and Exchange Commission’s (SEC) Office of Internet Enforcement, has highlighted significant developments within the agency that he believes could impact the cryptocurrency sector.

SEC Chair Gensler pulls off the first reverse Saturday Night Massacre,” Stark wrote in a post on social media platform X on Wednesday, referencing Chair Gary Gensler’s recent moves.

Stark addressed the SEC’s leadership transition and the calculated steps Chair Gary Gensler is taking to solidify the agency’s enforcement priorities before leaving office. “It looks like former SEC Commissioner Paul Atkins will be the next SEC Chair. A phenomenal choice,” he wrote.

Known for his pro-business approach, Atkins is expected to bring a different focus to the SEC. However, Stark pointed out that Gensler has been laying the groundwork to ensure the agency’s crypto enforcement efforts remain robust. “Meanwhile, current SEC Chair Gary Gensler is quietly working behind the scenes to lead the SEC from the grave,” he noted, adding:

Along these lines, Gensler just promoted three of the best, brightest, experienced and most dedicated crypto-enforcement lawyers in SEC ranks to senior executive positions—running the SEC’s Trial Unit and running the SEC’s Crypto Unit.

Although the promotions have not been formally disclosed, Stark claimed they are already finalized. He noted the secrecy surrounding the moves, stating: “Interestingly, the SEC has not publicly announced these promotions and seems to be keeping them quiet (which is unprecedented). But these well-deserved promotions are a done deal.”

Crypto firms, Stark warned, should prepare for intensified regulatory pressure even after Gensler leaves office on Jan. 20He predicted:

The Stark reality is that it looks like the crypto-fight is on post-January 20th. So get ready for World War III on day one Chair Atkins, because these three crypto-enforcement lawyers, who are now in charge, are some of the best in the business and will not roll over easily.

@ Newshounds News™

Source:  Bitcoin News

~~~~~~~~~

FINANCIAL REVOLUTION 2024: WHAT YOU NEED TO KNOW!  |  Youtube

@ Newshounds News™

Source:  
Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

Read More
Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“Tidbits From TNT” Saturday Morning 12-7-2024

TNT:

Tishwash:  The region's salary crisis is worsening again.. Demonstrations return in Sulaymaniyah

Hundreds of teachers and employees demonstrated today, Saturday (December 7, 2024), in front of the Sulaymaniyah Court, protesting the salary crisis, which has been delayed for the past two months.

Baghdad Today correspondent said, "Hundreds of employees, teachers and instructors demonstrated in front of the Sulaymaniyah court due to delayed salaries, while they demanded an end to this crisis and reaching a final agreement that would lead to the delivery of their salaries without delay  link

TNT:

Tishwash:  The region's salary crisis is worsening again.. Demonstrations return in Sulaymaniyah

Hundreds of teachers and employees demonstrated today, Saturday (December 7, 2024), in front of the Sulaymaniyah Court, protesting the salary crisis, which has been delayed for the past two months.

Baghdad Today correspondent said, "Hundreds of employees, teachers and instructors demonstrated in front of the Sulaymaniyah court due to delayed salaries, while they demanded an end to this crisis and reaching a final agreement that would lead to the delivery of their salaries without delay  link

Tishwash:  Source: Iran resumes gas supply to Central Iraq

On Friday, Iran began gradually resuming gas supplies to power plants in central Iraq following the completion of maintenance work on gas transmission lines, a government source revealed.

The source told Shafaq News that electricity supply is expected to improve in the coming hours in central regions, particularly in Baghdad, Wasit, Diyala, parts of Al-Anbar, and other provinces.

The resumption came after a two-week suspension of Iranian gas supplies for maintenance, which had caused the Iraqi national power grid to lose about 5,500 megawatts of electricity, according to the Ministry of Electricity's announcement on November 24.

Notably, Iraq has relied on scheduled power cuts since the 1990s due to chronic electricity shortages. Residents often turn to private generators to fill the gap.

To supplement its needs, Iraq imports 33-40% of its gas and electricity from Iran. However, US sanctions on Iran have complicated payment for these imports, restricting Iran's access to funds for purchasing non-sanctioned goods like food and medicine.

In light of these challenges, Baghdad has been pursuing alternative energy strategies, including regional grid connections to secure stable electricity supplies without relying on fuel.

Iraq has also sought to diversify its gas imports, signing a preliminary agreement with Turkmenistan in August 2023 to supply gas for its power stations.

On the other hand, the United States continues to pressure Iraq to reduce its reliance on Iranian gas, despite Iraq’s status as the second-largest oil producer in OPEC.  link

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

Tishwah:  Due to the Kurdish boycott, a representative reveals the reasons for postponing the budget reading 

Today, Saturday, the representative of the Al-Fatah Alliance, Walid Al-Sahlani, revealed the reasons for raising the budget paragraph, while pointing out that there are multiple points of view regarding the paragraphs that need to be amended.

Al-Sahlani said in a statement to Al-Maalouma Agency, “The Parliamentary Finance Committee requested to postpone the reading of the budget law for a second reading until the Minister of Finance is hosted.”

He added, "The Kurdish parties refused to enter the session because the budget paragraph was removed from the agenda."

He pointed out that "the Kurdish parties insist on presenting the budget without the need to host the Minister of Finance." 

He pointed out that "the majority of the members of the House of Representatives requested to host the Minister of Finance before starting to read the budget amendment."  link

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

Tishwash:  Mazhar Mohammed Saleh: Iraq's economy, financial flows and trade relations will not be affected by events in Syria

The Iraqi Prime Minister's Advisor for Economic Affairs, Mazhar Mohammed Salih, confirmed the strength of the Iraqi economy, its financial flows, and its trade relations, noting that this economy has not been affected by the tensions taking place in the Syrian arena. 

Mazhar Muhammad Salih said in a press statement, “The Syrian economy is an economy sanctioned by countries, such as the United States and some other European countries, and therefore all banking relations (for Iraq) with Syria are basically unavailable.”

He explained that “trade with Syria is mostly border trade and consists of simple, natural civilian goods such as agricultural crops or something like that.” 

Regarding the impact of the events in Syria on the exchange rate of the dollar in Iraq, Mazhar Muhammad Salih stated that “the current events are in Syria, not Iraq,” adding that “the problems in Syria may affect some of the simple border trade known, or which is civil or related to the tourism sector, and some simple problems and disturbances may occur, but they are not major disturbances.” 

The Iraqi Prime Minister's advisor for economic affairs pointed out that "the Iraqi economy, by nature, has high cash flows from its oil trade and global trade with large trade sources, while the minor fluctuations that are taking place are nothing but colorful noise."

He explained that “the parallel markets usually benefit from any political event in neighboring countries, for example, to raise the price, and for speculators to benefit, so this is a temporary speculation that leads to very simple price disturbances, and has no relation to the Iraqi economy, and is called information markets, so what is happening in Syria at the present time will not affect the Iraqi economy, and our economy is completely isolated from the Syrian issue.”

Mazhar Mohammed Saleh stressed that “the country is immune and there is no fear for our trade because it is governed by the central policies of the state,” noting that “Iraq obtains its budget from major oil revenues, which strengthen the banks’ finances and finance Iraq’s foreign trade, not the domestic market,” adding that “the parallel market is a completely superficial market and does not indicate anything in reality about the Iraqi economy at the present time.” 

The Iraqi Prime Minister’s advisor for economic affairs stated that “the parallel market benefits from the neighboring unrest and does not pose any threat to the Iraqi economy and does not represent anything, and we are immune to what is happening in Syria,” explaining that “the problems in Syria are not new to it and have existed since 2011, so there is no fear for the Iraqi economy, which is immune and neutral from the problems of others.”

Mazhar Muhammad Salih stressed that “our policies are disciplined, so what is happening in Syria does not affect the overall economic situation, and an increase in the exchange rate of the currency by one or two dollars could return to its previous state quickly, perhaps through a single statement.”

He believed that “Iraq’s economic situation is secure, its oil policies are calm, its trade relations with the outside world are going well, and its cash flows from cash revenues are good and beyond reproach, and thus the economic situation is stable.”   link

Mot: .. Guess What a Parents Fav Holiday is ~~~~

Mot: . Maybe if Ya Starts Now - You can Convince um!!! 

Read More
News, Militiaman Dinar Recaps 20 News, Militiaman Dinar Recaps 20

MilitiaMan & Crew -Iraq Dinar News-Prime Minister Al-Sudani- Speaks to the People- The World-International Support

MilitiaMan & Crew -Iraq Dinar News-Prime Minister Al-Sudani- Speaks to the People- The World-International Support

12-6-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

MilitiaMan & Crew -Iraq Dinar News-Prime Minister Al-Sudani- Speaks to the People- The World-International Support

12-6-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=x5V7pWT_Yxo

Read More
Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Friday Afternoon 12-06-24

Good Afternoon Dinar Recaps,

XRP LAWSUIT NEWS: ATKINS WON’T DISMISS THE RIPPLE CASE, SEC VS XRP TO CONTINUE

Gary Gensler's departure in January 2025 could leave the SEC’s stance on Ripple unchanged, with Jorge Tenreiro playing a key role in the ongoing case.

As the SEC’s appeal deadline for Ripple approaches in January 2025, the transition in leadership raises questions about the future of crypto regulations.

Good Afternoon Dinar Recaps,

XRP LAWSUIT NEWS: ATKINS WON’T DISMISS THE RIPPLE CASE, SEC VS XRP TO CONTINUE

Gary Gensler's departure in January 2025 could leave the SEC’s stance on Ripple unchanged, with Jorge Tenreiro playing a key role in the ongoing case.

As the SEC’s appeal deadline for Ripple approaches in January 2025, the transition in leadership raises questions about the future of crypto regulations.

Gary Gensler, the controversial head of the U.S. Securities and Exchange Commission (SEC), will step down on January 20, 2025, as announced by the agency recently. Gensler, who was widely criticized by crypto investors during his tenure, will leave just days before a major decision in the SEC’s ongoing legal battle with Ripple, set for January 25, 2025.

What Gary Gensler’s Departure Means for the SEC’s Ripple Lawsuit

However, despite Gensler’s departure, the future of the SEC’s approach to crypto remains uncertainBill Morgan, an attorney closely following the case, pointed out that the SEC’s new chief litigation counsel, Jorge Tenreiro, is deeply involved in the Ripple litigation.

Tenreiro, who will be the key lawyer in the SEC v. Ripple case, may continue in this role even after the confirmation of the new SEC commissioner, Paul Atkins. Morgan expressed skepticism about any significant shift in the SEC’s stance on crypto if Tenreiro remains in charge of the litigation.

Morgan warned against assuming that the SEC’s decision not to file its brief in the Ripple case by January 15, 2025, signals a change in approach. He said that Tenreiro would still be handling it.

Morgan wrote, “If Tenreiro stays in the new role it will not signal a big change in SEC enforcement policy towards crypto. Even if there is a change the SEC v Ripple Appeal may continue.”

Jorge Tenreiro’s Role: Will the SEC’s Stance on XRP Change?
In response, Marc Fagel, a former SEC lawyer, clarified that trial counsel like Tenreiro do not make policy decisions; they handle enforcement actions approved by the SEC’s Commissioners.

 Fagel asked whether there was any example of a new SEC administration dismissing a pending enforcement action, though he acknowledged that future changes could deviate from past norms.

As the January 2025 appeal deadline approaches, it remains to be seen how the SEC’s leadership transition will impact the outcome of the Ripple case and the agency’s overall approach to the cryptocurrency market.

FAQs

What impact will Gensler’s departure have on the Ripple lawsuit?
Despite Gensler’s exit, the SEC’s approach may remain the same, with Jorge Tenreiro continuing to handle the Ripple case.

Will the SEC’s stance on crypto change after Gary Gensler leaves?
Legal experts suggest the SEC’s crypto policy may not change significantly, even with a leadership transition and Tenreiro in charge.

What is the significance of the January 2025 Ripple case appeal deadline?
The Ripple appeal deadline in January 2025 is pivotal for the future of crypto regulation, potentially shaping the SEC’s approach.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

RIPPLE TARGETING YEAR-END RLUSD STABLECOIN LAUNCH: REPORT

Ripple is pushing to launch its U.S. dollar-pegged stablecoin, RLUSD, by the end of 2024, though regulatory approvals and the holiday season could cause delays.

This sentiment comes from Ripple CTO David Schwartz. Speaking at The Block’s Emergence conference in Prague, Schwartz expressed optimism despite challenges.

I’m very hopeful it will happen this year, but once you start running into Christmas and New Year’s, people are gone,” he said, according to The Block.

RLUSD was initially announced in April and will operate on both the XRP Ledger and Ethereum. Testing began in August, and Ripple has partnered with exchanges Uphold, Bitstamp, and Bitso, alongside market makers B2C2 and Keyrock, to ensure liquidity.

No release on December 4

One of the main obstacles is obtaining regulatory approval from the New York State Department of Financial Services

There was speculation that Ripple’s stablecoin would be released on December 4. However, the company addressed this speculation on X, stating“Despite some rumors, RLUSD isn’t launching today. We’re working closely with the NYDFS on final approval and will share updates as soon as possible.”

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

HOW TO OPEN A XAMAN WALLET: THE EASIEST STEP-BY-STEP GUIDE  |  Youtube

@ Newshounds News™

Source:  
Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

I SPENT YEARS RESEARCHING THE RV AND HERE'S WHAT I FOUND!  Youtube

@ Newshounds News™

Source:  
Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

Read More
Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

David Morgan: Gold - The Monetary Hitching Post of the Universe

David Morgan: Gold - The Monetary Hitching Post of the Universe

Palisades Gold Radio:  12-6-2024

Tom Bodrovics, welcomes back David Morgan, founder of The Morgan Report, for a discussion centered around their recent interviews with Dr. Judy Shelton.

They highlight her advocacy for the moral obligation of money and her belief in an honest monetary system that fosters freedom and stability.

 Morgan believes these views align with his life's work. The conversation touches upon potential solutions for imposing monetary discipline on the government, including the idea of long-term gold bonds and a bimetallic standard consisting of both gold and silver.

David Morgan: Gold - The Monetary Hitching Post of the Universe

Palisades Gold Radio:  12-6-2024

Tom Bodrovics, welcomes back David Morgan, founder of The Morgan Report, for a discussion centered around their recent interviews with Dr. Judy Shelton.

They highlight her advocacy for the moral obligation of money and her belief in an honest monetary system that fosters freedom and stability.

 Morgan believes these views align with his life's work. The conversation touches upon potential solutions for imposing monetary discipline on the government, including the idea of long-term gold bonds and a bimetallic standard consisting of both gold and silver.

The benefits of a bimetallic system include regulation of inflation, but its practicality is questioned due to the current market values of gold and silver.

Morgan also discusses the role of the Federal Reserve in the US monetary system, suggesting that commercial banks create most of the money through loans and advocating for the Treasury to manage monetary policy according to the Constitution.

 He expresses skepticism towards Central Bank Digital Currencies due to concerns over privacy and potential loss of control by individuals.

David Morgan shares his long-term perspective on investing in silver, emphasizing its importance as a form of financial security and potential return to being a monetary asset.

 He also discusses the industrial uses of platinum and palladium and expresses his bullish sentiment towards these metals.

In conclusion, Morgan advocates for self-reliance, fundamental human values, and focuses on the human spirit despite skepticism towards politics.

 David Morgan is working on a documentary called "Silver Sunrise" that explores the monetary system, stress, fear, and control related to money, featuring interviews from renowned figures like G. Edwin Griffin, Ron Paul, Ellen Brown, and Mark Passio, set for release early next year.

Time Stamp References:

 0:00 - Introduction

0:30 - Dr. Judy Shelton

6:47 - Silver Standard?

10:07 - Fed's Role & Ron Paul

13:48 - CBDC Concerns

16:35 - Trumps Cabinet Picks

22:54 - Silver Expectations

25:48 - China, Russia, & India

 29:06 - Platinum & Palladium

31:07 - Sentiment in Metals

33:42 - Silver Sunrise Documentary

38:15 - Holiday Wrap Up

https://www.youtube.com/watch?v=-9r150RBsHI

Read More
Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Friday Morning 12-06-24

Good Morning Dinar Recaps, 

WHO IS DAVID SACKS? AND WHY HAS DONALD TRUMP MADE HIM CRYPTO CZAR?

▪️David O. Sacks Becomes White House AI & Crypto Czar Under Trump's Administration.

▪️
Former PayPal COO Brings Expertise in Tech and Venture Capital to Federal Leadership.

▪️
Close Ties to Trump and Musk May Boost Fresh AI-Crypto Strategies for U.S. Leadership.

Good Morning Dinar Recaps, 

WHO IS DAVID SACKS? AND WHY HAS DONALD TRUMP MADE HIM CRYPTO CZAR?

▪️David O. Sacks Becomes White House AI & Crypto Czar Under Trump's Administration.

▪️
Former PayPal COO Brings Expertise in Tech and Venture Capital to Federal Leadership.

▪️
Close Ties to Trump and Musk May Boost Fresh AI-Crypto Strategies for U.S. Leadership.

Former PayPal executive and renowned venture capitalist David O. Sacks has been appointed by Donald Trump as the White House’s first “AI & Crypto Czar.” This new role is part of Trump’s plan to position America as a global leader in artificial intelligence (AI) and cryptocurrency, two rapidly growing fields shaping the future. The announcement came shortly after Bitcoin reached its $100k milestone.

Why Trump Appointed David Sacks Only?
In a post on Truth Social, Trump announced Sacks’ appointment and highlighted his mission to create a clear legal framework for the cryptocurrency sector. However, Trump’s decision to appoint Sacks arose from his impressive track record as a tech entrepreneur and investor.

Sacks, a founding-era COO of PayPal and a key member of the “PayPal Mafia,” has built and supported some of Silicon Valley’s most successful ventures. His expertise in technology and finance makes him tackle the challenges and opportunities in AI and crypto effectively.

Meanwhile, some experts even hint that Trump’s decision to appoint Sacks is seen as a reward for his loyal support during the campaign. Sacks played a pivotal role in fundraising for Trump, helping to raise $12 million during a high-profile event earlier this year.

What Changes Could Sacks Bring?
David Sacks will focus on creating clear rules for cryptocurrencies to remove confusion and help the U.S. digital asset industry grow. His goal is to support crypto businesses and position the United States as a global leader in digital innovation.

According to Trump, he will “steer us away from Big Tech bias and censorship,” ensuring a balanced digital landscape that supports open discourse. Sacks will also focus on safeguarding free speech in the online space

Additionally, Sacks will chair the Presidential Council of Advisors for Science and Technology, guiding the administration’s policies on emerging technologies.

Sacks Close Ties to Trump and Musk

Sacks has been a strong Trump supporter of Trump, hosting fundraisers and rallying tech industry donors. He also shares close ties with Elon Musk, who has made waves in AI through his company xAI and chatbot Grok. This connection could bring fresh ideas and partnerships to the administration’s tech strategy.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

PHILIPPINES COMPLETES WHOLESALE CBDC TRIAL

Today Bangko Sentral ng Pilipinas (BSP) said it completed Proof of Concept trials for its Project Agila wholesale central bank digital currency (wCBDC) along with participating financial institutions.

Specifically, the latest trial tested whether banks in the Philippines can pay each other outside of bank operating hours during evenings, weekends and holidays.

“Wholesale CBDCs are expected to enhance liquidity management, reduce settlement risks, and support financial stability,” said BSP Governor Eli M. Remolona, Jr.

“Insights from this project will guide the BSP’s CBDC roadmap. Our goal is to leverage new technologies to further enhance the efficiency and resilience of the national payment system.”

While the bank hasn’t yet released a report about specific findings, the central bank shared its plans earlier in the year. Many wCBDC trials are quite speculative, but this one is less so. 

The central bank plans to launch a wCBDC during Mr Remolona’s term, which ends in 2029. It is expected to be sooner rather than later, with 2025 or 2026 previously floated as potential timeframes.

Apart from out of hours paymentsthe wCBDC will potentially be used for securities settlement and cross border payments. The central bank is an observer in the mBridge DLT cross border payment system used by the central banks of China, Hong Kong, Saudi Arabia, Thailand and the UAE.

During 2023 the BSP assessed various blockchain technologies, selecting Hyperledger Fabric.

@ Newshounds News™

Source: Ledger Insights 

~~~~~~~~~

HOW TO OPEN A XAMAN WALLET: THE EASIEST STEP-BY-STEP GUIDE  |  Youtube

@ Newshounds News™

Source:  
Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

 

Read More
Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Thursday Evening 12-05-24

Good Evening Dinar Recaps,

BRICS NEWS:  BRICS: WHY TRUMP’S 100% TARIFF PLAY MAY FURTHER DE-DOLLARIZATION

With the president-elect targeting the BRICS bloc specifically, Donald Trump’s proposed 100% tariff plan may only further global de-dollarization efforts. The statement has been met with increased opposition from countries in the global south. Moreover, it represents another clear attempt at the West weaponizing the greenback.

If enacted, the tariff could be the catalyst for inciting continued efforts to abandon the US dollar on a global scale. Although BRICS nations have previously said that they would not seek to ditch the currency, Trump’s policies could drive a necessary recalculation of what would be best for these countries.

Good Evening Dinar Recaps,

BRICS NEWS:  BRICS: WHY TRUMP’S 100% TARIFF PLAY MAY FURTHER DE-DOLLARIZATION

With the president-elect targeting the BRICS bloc specifically, Donald Trump’s proposed 100% tariff plan may only further global de-dollarization efforts. The statement has been met with increased opposition from countries in the global south. Moreover, it represents another clear attempt at the West weaponizing the greenback.

If enacted, the tariff could be the catalyst for inciting continued efforts to abandon the US dollar on a global scale. Although BRICS nations have previously said that they would not seek to ditch the currency, Trump’s policies could drive a necessary recalculation of what would be best for these countries.

Trump’s 100% Tariff Could Mirror Sanctions, Drive Global De-Dollarization

Following his historic victory in the 2024 presidential election, the US dollar has remained a focus for Donald Trump’s incoming administration. Specifically, he has continually said that losing the greenback as the world’s currency would be akin to the country “losing a war.” Therefore, its position in global finances remains a focal point.

That led the incoming president to issue a stark warning to BRICS nations. “The idea that the BRICS are trying to move away from the dollar while we stand by and watch is OVER,” he said in a Truth Social post.

“We require commitment from these countries that they will neither create a new BRCIS currency to replace the mighty US dollar, or they will face 100% tariffs and should expect to say goodbye to selling into the wonderful US economy,” he added.

Yet, his recent statement only reinforced the reasons why nations are stepping away from trading in the currency. For BRICS and many others, Trump’s 100% tariff plan may only further de-dollarization. It once again shows that the United States wants to leverage its perceived power for its own economic gains and standing.

The imposition of Western sanctions drove Russia to initiate de-dollarization efforts through its BRICS allianceThe weaponization of the greenback saw the bloc further enhance trade deals. Ultimately, leading to the promotion of local currency trade.

That will only enhance under Trump’s tariff plan. Moreover, it will harm American industries. The current efforts to ditch the US dollar wouldn’t have the same effect on imports that the incoming presidents would. In the end, he may well be shooting his incoming administration in the foot.

@ Newshounds News™

Source: 
WATCHER GURU 

~~~~~~~~~

ASIA-PACIFIC (APAC) CRYPTO ADOPTION 2024: KEY TRENDS AND INSIGHTS TO KNOW

▪️The Asia-Pacific region has seen a surge in cryptocurrency adoption, far outpacing the global average.

▪️APAC's crypto adoption is driven by real-world use cases and cultural acceptance, rather than just financial speculation.

▪️Countries with better regulatory frameworks are witnessing higher adoption rates and increased institutional interest.


The Asia-Pacific (APAC) region is undergoing a major shift in how people use cryptocurrencies. From financial centers like Hong Kong and Singapore to growing markets in Southeast Asia, digital assets are becoming more mainstream. In APAC, crypto isn’t just a way to make money—it’s becoming part of daily life, driven by people and culture, not just technology.

Crypto Adoption Soars Across APAC

A recent report by Consensus, titled “Driven By Demand: The People-Powered Crypto Movement in Asia Pacific,” shows that crypto adoption in APAC has reached 22% in 2024—nearly three times the global average of 7.8%.

Thailand leads the way with a remarkable 43% adoption rate, followed by the UAE (37%), India (32%), and the Philippines (31%). Countries like South Korea (28%) and Hong Kong (24%) are also making progress, while Japan (12%) and Mainland China (17%) are lagging behind.

A Tool for Financial Inclusion

The survey, which included nearly 4,300 participants from ten APAC countries, reveals that more than half of respondents (51%) see digital assets as a key to financial inclusion. Additionally, 37% believe crypto gives them more control over their finances without relying on banks.

This shows that, in APAC, crypto isn’t just about making a profit—it’s a practical tool for everyday use and fits well with the region’s culture.

Crypto’s Everyday Value

Over the past year, the attitude toward cryptocurrencies in APAC has shifted significantly. With fewer scandals and more local activitytrust in the industry has grown. Unlike in some Western regions, where distrust of traditional banks drives crypto adoption, APAC users focus more on crypto’s practical benefits for daily life.

Interestingly, only 18% of people surveyed said they distrust banks. This suggests that in APAC, crypto is seen as a solution to real-world problems, not just a reaction to traditional financial systems.

Race to Become a Crypto Hub

The report also finds that 69% of respondents believe clear regulations are important to protect crypto users. However, the report suggests that regulation alone isn’t what’s driving adoption—it supports the strong demand already present in the market.

Countries with higher adoption rates, like Thailand and the UAE, benefit from clearer regulations, which help the crypto ecosystem grow.

APAC Leading the Global Crypto Charge

Michael Lau, Chairman of Consensus Hong Kong, pointed out that APAC is setting the pace for the global crypto market. He highlighted how recent Bitcoin and Ethereum ETF approvals, along with more institutional investments, are positioning APAC as a leader in creating a more connected global financial future.

With its mix of cultural acceptance, practical use, and evolving regulations, APAC is not only shaping the future of cryptocurrency—it’s influencing the global financial system.

This people-driven movement proves that when demand meets innovation, real change happens.

@ Newshounds News™

Source: Coinpedia 

~~~~~~~~~

ISO 20022: The Future of Finance, Explained  |  Youtube

Be sure to check out our Timeline and Roadmap with detailed information on the Timeline of the QFS from the beginning, to where we are now, to the expected LIVE date.

Check out the Timeline

Check out the  Roadmap

@ Newshounds News™

Source:  
Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

Read More