Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 5-21-25

Good Afternoon Dinar Recaps,

XRP NEWS: RIPPLE LAWSUIT IS NOT CLOSED, FORMER SEC LAWYER HINTS ‘BIGGER ISSUE’

▪️ Legal experts clarify Ripple-SEC lawsuit is not over; Judge Torres denied motions due to procedural errors.

▪️ False online claims spark confusion; attorneys warn XRP community to avoid premature conclusions about the case status.

There’s been a lot of chatter online lately about the status of the long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). While some legal experts following the case closely believe it might take a few more months before a final verdict is reached, misleading claims and rumours continue to spread on social media.

Recently, a user named Altcoin Bale posted on X, claiming that the case was already closed, banks were quietly buying XRP, and retail investors would soon be priced out. But this statement didn’t sit well with pro-XRP attorney Bill Morgan, who has been actively tracking the lawsuit.

Bill quickly responded, saying, “FFS the case is not closed, or did you miss the news last week about an unsuccessful motion for an indicative ruling and an Appeal and Cross-appeal in abeyance but not over.”

Another user replied to Bill, saying that the case had hit a procedural snag because both Ripple and the SEC submitted a dismissal request using the wrong form. According to them, this technical error led the judge to reject it.

However, former SEC lawyer Marc Fagel stepped in, clarifying that the situation was far more serious than just a simple paperwork issue. “That is not an accurate description at all. It’s a far bigger issue than that,” he commented.

Bill Morgan, expressing his frustration, remarked, “The XRP community don’t want to listen. They want to hear ‘case closed, XRP to the moon.’”

So What Actually Happened?

For the unversed, here’s what actually happened: Judge Analisa Torres denied both parties’ motions for an indicative ruling. In simple terms, the judge stated that if the court’s jurisdiction were restored, she would deny the motion as it was filed under the wrong procedural rule.

This means Ripple and the SEC will likely have to refile the motion correctly, and possibly plead their case once again.

While XRP supporters are eagerly awaiting good news, it’s clear from the legal experts’ comments that the lawsuit is still ongoing — and there are a few more legal hurdles to clear before any final outcome.

@ Newshounds News™
Source:  Coinpedia

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BRICS: US HITS INDIA WHERE IT HURTS THEM THE MOST: REMITTANCE TAX

US President Donald Trump is looking to hit BRICS member India where it hurts them the most — the remittance tax. The new tax proposal by House Republicans could impact a significant number of Non-Resident Indians (NRIs), as the bill aims to levy a 5% tax on remittances sent to India from the US.

The bill was first introduced last Monday, where international transfers from non-citizens to BRICS country India will face a 5% tax. The bill, if passed, will affect workers who send money back to their families in India. The 5% tax will be used to help fund tax breaks and also tighten border security measures.

5% Remittance Tax Could Soon Hit BRICS Member India

Trump has publicly called the legislation “great” and “one big beautiful bill”, and is also ensuring that Republicans pass the legislation. The 5% tax on remittances to BRICS country India will potentially fund billions to the US Treasury.

The latest report highlights that Indian workers send close to $83 billion a year in remittances back to their families in India.

Therefore, a 5% tax could add close to $4.15 billion to the US Treasury if the new bill is passed. Currently, BRICS member India is the world’s top recipient of remittances.

If $100,000 is sent back home, then the IRS gets $5,000 through the remittance tax. Until 2025, remittance was never taxed in the US, making it a first-of-its-kind policy.

Legislation Timeline and Enforcement

The House Republicans aim to pass the bill on Memorial Day, May 26, 2025. Lawmakers hope to get the law signed and roll into action by July 4, Independence Day.

Every financial institution and money transfer service will be tasked to collect the 5% remittance tax for money going to BRICS member India.

The rule will have no limit, and every transfer, including both big and small, will be subject to taxes.

@ Newshounds News™
Source:  Watcher Guru

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Iraq News Posted by Clare at KTFA 5-21-2025

KTFA:

Clare:  Well-known companies show strong interest in Iraq

5/20/2025 - BAGHDAD

The National Investment Commission confirmed on Tuesday that "there is strong interest from well-known companies in Iraq."

"Iraq witnessed a significant influx of foreign investments over the past two years, exceeding $64 billion," said the head of the National Investment Commission, Haider Makiya, to the Iraqi News Agency - INA. 

This figure reflects the success of the investment planning that was completed in 2023. "We began to reap its fruits in 2024 and 2025," he noted.

He highlighted that "most of these investments belong to well-known companies operating directly within Iraq."

"The Prime Minister indicated in the Parliament the size of these investments, which exceed $60 to $63 billion," he pointed out.  LINK

Clare:  By the end of the year, Iraq will launch its first 250-megawatt solar power plant

5/21/2025

Minister Hayan Abdul-Ghani stated on Wednesday that the first solar-powered electricity generation plant in Iraq will be inaugurated by the end of 2025, stressing the ministry's commitment to implementing projects to stop the burning of associated gas and the resulting thermal emissions.

This came in a speech he delivered during the first international conference on carbon economics in Iraq, which was attended by a Shafaq News Agency correspondent in the capital, Baghdad.

In his speech, the minister said, "Iraq has realized the magnitude of the global climate challenge and the rapid economic and technological changes that are imposing themselves on the energy landscape."

He added, "Carbon emission reduction can be transformed into a real opportunity to attract financing and investment, and develop technology through carbon market mechanisms and carbon bonds." He added, "We have already taken steps in this direction, including paving the way for associated gas movement projects, achieving routine flaring by 2029, and preparing projects for carbon emission opportunities, through openness to international markets and bilateral cooperation with international partners."

Abdul Ghani also indicated that "the first solar-powered electricity generation station, with a capacity of 250 megawatts, will be inaugurated by the end of this year."

He continued, "We view carbon as an economic opportunity that can be transformed from an environmental tax into a financial economy through carbon investment, which will contribute to financing strategic projects without burdening the state's general budget."

The Oil Minister considered that "this conference represents an important link in the chain of national efforts aimed at building a low-carbon economy, enhancing Iraq's readiness to lead the way in climate leadership mechanisms in line with our commitments to the Paris Climate Agreement, and setting our ambitions to diversify sources of income."

He explained, "Under this agreement, Iraq was committed to reducing emissions by 2% by 2023, but we, the Ministry of Oil, were able to achieve more than this percentage with the first project implemented in Basra Governorate through the implementation of the first phase."

Abdul Ghani continued, "There are projects signed by the Ministry of Oil with several companies aimed at stopping gas flaring. Through these projects being implemented, greenhouse gas emissions will be reduced by more than 23%. This is almost ten times what Iraq committed to at the Paris Conference." LINK

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Clare:  Al-Eidani urges British companies to invest in three areas in Basra

5/21/2025

Basra Governor Asaad Al-Eidani called on British companies on Wednesday to register their businesses in the province, particularly in the water, energy, and infrastructure projects .

Following a meeting with the British Ambassador to Iraq, Irfan Siddiq, Al-Eidani told Shafaq News Agency that "the meeting addressed strengthening the historical relations between the United Kingdom and Iraq, especially Basra Governorate," explaining that "a number of service issues that affect the lives of Basra citizens were discussed, including water, public services, and infrastructure ."

He added, "Basra's environment is now ripe for investment, and we invite British companies to register their businesses in the province and take advantage of the available opportunities, especially given their extensive experience and the trust they have in Basra ."

In turn, the British ambassador told the agency, "This is his first visit to Basra Governorate since assuming his post," expressing his "happiness to visit the city and see its conditions ."

He stressed that "Basra represents the country's economic engine, with many joint projects and initiatives between Britain and Iraq there ."

He added, "We look forward to supporting and following up on these projects, particularly in the water sector, as well as the energy and infrastructure sectors, which are among the priorities and needs of the people of Basra and Iraq in general ."

The ambassador explained that his last visit to Basra was in 2010, and today he noted significant progress in the security situation and stability witnessed in recent years, which encourages British companies to invest in the province and Iraq in general .

In a related development, Al-Eidani discussed with the UAE Ambassador to Iraq, Salem Issa Al-Zaabi, ways to enhance economic and trade cooperation between the province and the UAE, stressing the presence of promising opportunities that can be built upon in the coming period.

Al-Eidani told Shafaq News Agency, "Basra has deep-rooted historical and cultural ties with the Gulf Arab states, most notably the UAE," noting that "there are many commonalities and opportunities that can be leveraged to enhance joint cooperation in a way that serves the interests of both countries and peoples."

For his part, Ambassador Al Zaabi told the agency that he was "very happy with this visit and to see the landmarks and investment opportunities that the governorate offers." He added, "We see great potential for economic, investment, and trade cooperation, and we hope that this visit will mark the beginning of a new phase in relations between the UAE and Iraq, particularly with Basra."  LINK

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Clare:  Minister of Finance: We are working to modernize regulations and enhance transparency and financial discipline.

5/21/2025 - Baghdad

Finance Minister Taif Sami confirmed on Tuesday that the ministry is working to modernize administrative and financial systems and enhance transparency and financial discipline, in line with the priorities of the government program and to consolidate economic stability.

The ministry said in a statement, seen by Al-Eqtisad News, that "Finance Minister Taif Sami received the economic team at the US Embassy in Baghdad to discuss ways of joint cooperation within the FSVC program to enhance economic and financial capabilities in Iraq."

The statement added that "the two sides discussed mechanisms to support the general budget and aspects of technical cooperation between the ministry and the US side in the areas of budget preparation and government accounting, through the program and performance budget implementation mechanism."

The Minister of Finance stressed - according to the statement - "the importance of benefiting from international expertise in supporting ongoing reforms," ​​noting that "the ministry is working to modernize administrative and financial systems, enhance transparency and financial discipline, in line with the priorities of the government program and consolidate economic stability."

The statement continued, "The US team expressed its readiness to provide technical and advisory support, especially in developing tools for preparing program and performance budgets, improving accounting systems, and developing financial information systems."

The statement concluded that "the two parties agreed to continue coordination and organize training workshops for ministry employees in a number of technical specialties, to support the implementation of best practices in public finance management and achieving sustainable development."  LINK

Clare: Iraq Facing Economic Challenges: IMF's Vision for 2025?

5/21/2025

The International Monetary Fund (IMF) issued a concluding statement on May 15, 2025, addressing the economic situation in Iraq, highlighting the economic challenges facing the country and presenting a roadmap for urgent reforms aimed at achieving financial stability.

Current Economic Challenges: The Iraqi economy faces complex challenges ranging from slowing global growth, Trump's trade wars, accelerating global inflation, and declining oil prices, the primary source of revenue. Expansion in government spending (employment sector) is also widening the fiscal deficit and exacerbating the risk of reliance on oil as the primary source of revenue.

The challenges are not limited to public finances alone, but also include deteriorating infrastructure, a weak private sector, and a lack of investment in non-oil sectors. This is in addition to the fiscal deficit rising to 4.2% of GDP and a significant decline in the current account surplus. This decline is a critical indicator that must be carefully considered, given that the current account is an important indicator of the health of the country's overall economy.

Outlook for 2025: The Fund expects economic growth to remain weak this year, with non-oil GDP slowing to 1%. The current account is also expected to deteriorate further, impacting foreign exchange reserves, which reached $100 billion at the end of 2024, covering more than a month of imports.

The future of the Iraqi economy: The International Monetary Fund believes that the future of the Iraqi economy depends largely on the government's ability to implement structural and financial reforms. Iraq possesses significant potential for economic growth, but realizing this potential requires taking concrete steps to implement a set of reforms proposed by the Fund.

The IMF statement emphasized the importance of cooperation between the Iraqi government and the IMF to implement these proposed reforms, which would contribute to improving the country's economic conditions. In conclusion, the IMF's vision is not merely recommendations, but rather an opportunity to redirect the Iraqi economy toward sustainability through strategic planning and effective implementation of the proposed economic and financial reforms.   LINK

Iraq Economic News And Points To Ponder Wednesday Morning 5-21-25

Iraq Completes An Electronic Project To Monitor The Movement Of Petroleum Derivatives, Reducing Smuggling By 98%.
 
May 20, 2025  Baghdad/Iraq Observer follow-up   The Oil Products Distribution Company, affiliated with the Iraqi Ministry of Oil, has completed a strategic project to electronically monitor tanker movements using a GPRS-based tracking system, as part of a plan to automate the distribution sector and reduce smuggling.
 
The company's media director, Rafid Sadiq, told the Iraq Observer news agency, "The system allows tankers to be tracked from the moment they load fuel until it is unloaded, and provides precise electronic records that can be accessed at any time." 

He noted that  the project has been fully completed, with more than 28,000 government and private tankers now connected to the system.
 
He emphasized that this step represents a qualitative shift in the monitoring and distribution of petroleum products.
 
For his part, the Director General of the Energy Police Directorate, Major General Dhafer Al-Hussaini, explained that
 
"the police, in cooperation with the Ministry of Oil, have begun implementing the new system by installing tracking devices on tankers and linking them to a central operations room."  He explained that
 
the system enables relevant authorities to
 
     determine the tanker's route, the
     validity of documents, and the
     loading and unloading location,
 
which has helped expedite audit procedures and prevent forgery.   Al-Husseini confirmed that
 
80% of the country's tankers have been fitted with the devices,
10% have completed their procedures and are awaiting their turn, while the
remaining percentage is still in the process of being completed. He emphasized that
 
"no tanker will be allowed to load fuel without the tracking device."  He pointed out that
 
this system has contributed to a 98% reduction in petroleum product smuggling,
and no breaches were recorded in oil pipelines during April.
 
In a related development, Al-Husseini announced that the
 
Energy Police seized 103 vehicles in April,
closed five garages and smuggling sites, and
arrested 103 suspects who were referred to judicial authorities.
 
The total amount of fuel seized and returned to the state amounted to 3 million liters,
with protection provided to seven oil experts.    
https://observeriraq.net/العراق-ينجز-مشروعًا-إلكترونيًا-لمراق/   

Iraq And Turkey Prioritize Development Road; New Company With Public Share Offering Considered
 
 Iraq    Jawad  Al-Samarraie     May 18, 2025     190     Mohammed Najjar, Advisor to the Prime Minister and Executive Director of the Iraq Development Fund
 
Baghdad (IraqiNews.com) – The Development Road project has become a top shared priority for Iraq and Turkey,
with innovative implementation models under consideration, Mohammed Al-Najjar, PM’s Investment Advisor and Head of the Iraq Fund for Development, announced Sunday (May 18, 2025).
 
This follows PM Mohammed Shia Al Sudani’s recent high-level visit to Turkey.  Al-Najjar revealed an
 
MoU has been signed between the Iraq Fund for Development and the
Turkish Wealth Fund to kickstart projects along the route.
 
He emphasized Turkish President Erdoğan’s focus on the Iraqi fund’s role.
 
Iraq is exploring a “completely new framework” for the project, targeting 24,000-28,000 km.
 
One approach involves establishing a

state-owned Iraqi company,operating on private sector principles,
to develop the road,
with part of its shares potentially offered for public subscription to citizens.
 
Another option being studied is creating an

independent government authority to manage legal, technical, and customs aspects.
 
These plans aim to
 
      reduce bureaucracy,
     speed up development, and
     solidify Iraq’s role as a key regional economic and transit hub.    
  
https://www.iraqinews.com/iraq/iraq-development-road-new-company-public-shares/  

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

Seeds of Wisdom RV and Economic Updates Wednesday Morning 5-21-25

Good morning Dinar Recaps,

SHARK TANK’S KEVIN O’LEARY SLAMS SENATOR WARREN OVER GENIUS ACT: “UN-AMERICAN AND DANGEROUS”

▪️Kevin O’Leary blasts Elizabeth Warren for politicizing the GENIUS Act, calling her stance “un-American.”
▪️Warren opposes the bill over Trump-linked stablecoin ties and potential corruption loopholes.
▪️Despite the clash, the bipartisan GENIUS Act advances in the Senate, aiming to regulate stablecoins in the U.S.

Shark Tank investor and Canadian businessman Kevin O’Leary is firing back at Senator Elizabeth Warren over her opposition to the GENIUS Act – a bipartisan bill designed to regulate stablecoins in the United States.

O’Leary didn’t hold back, calling Warren’s stance “dangerous” and “un-American,” accusing her of blocking financial innovation by turning the bill into a political weapon against Donald Trump.

O’Leary: Warren Is Politicizing a Vital Crypto Bill

As crypto regulation becomes a bigger part of U.S. policy, O’Leary argues that Warren is distracting from the GENIUS Act’s core purpose. He says the bill is about modernizing the American financial system through properly regulated stablecoins – not about Trump or meme coins.

In a post on X, O’Leary stressed that the bill has nothing to do with Trump and warned that dragging politics into the conversation could hurt the country’s ability to lead in global finance.

According to him, the GENIUS Act is a step toward strengthening the U.S. dollar’s role in digital payments around the world. He believes Warren’s opposition risks slowing innovation and letting countries like China pull ahead in the race for financial dominance.

“This is about establishing the U.S. dollar as the default currency for global price discovery,”
O’Leary said, dismissing Warren’s claims as “completely deranged.”

Warren’s Opposition to the GENIUS Act

Senator Warren opposes the bill, citing its ties to a $2 billion MGX-Binance deal involving USD1, which is a Trump-linked stablecoin.

She cautions that exemptions for senior officials, including the president, could give birth to corruption, claiming the bill risks “greenlighting the grift.”

Warren argues that the bill could allow Trump to regulate his own financial product, undermining transparency and public trust.

GENIUS Act Moves Forward with Bipartisan Support

Despite Warren’s strong pushback, the GENIUS Act recently passed a key Senate hurdle. Several Democrats who were initially skeptical have now supported a revised version of the bill.

The bipartisan support signals growing momentum for establishing clear regulations for stablecoins – something many in the industry believe is essential for the future of digital finance in the U.S.

You can best believe that the debate is not over.

@ Newshounds News™
Source:  Coinpedia

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SINGAPORE DOLLAR STABLECOIN XSGD DEBUTS ON XRP LEDGER IN RIPPLE-POWERED PAYMENTS PUSH

StraitsX has launched its MAS-regulated stablecoin XSGD on the XRP Ledger to enable faster, low-cost cross-border payments, as part of a broader multi-chain expansion strategy.

The move marks the first phase of a larger partnership with Ripple aimed at building institutional-grade digital infrastructure focused on tokenisation and real-time financial services.

StraitsX Brings Regulated XSGD to XRP Ledger

Payment infrastructure firm StraitsX has added its Singapore dollar-pegged stablecoin, XSGD, to the XRP Ledger (XRPL) in an attempt to extend its regulated token into a faster, low-cost cross-border payment system.

The expansion was announced Monday and is part of the company’s multi-chain strategy to meet growing demand from fintechs, financial platforms, and digital asset developers seeking programmable, real-time transaction tools across borders, according to the press release.

StraitsX framed this as the “first phase” of a wider collaboration with Ripple focused on tokenisation. While details remain vague, the rationale is to build a regulated, institutional-grade digital infrastructure that goes beyond payments.

A Glimpse Into the Future of Finance

The availability of XSGD on the XRP Ledger is more than a deployment. It’s a marker of where financial infrastructure is heading. As digital money becomes embedded in the global economy, regulated stablecoins like XSGD will serve as the foundation for borderless, real-time, and compliant-ready financial services.

Singapore’s Web3 Hub is Expanding

XSGD was issued by StraitsX in 2020, fully backed 1:1 by reserves held with DBS Bank and Standard Chartered. The company is licensed by the Monetary Authority of Singapore (MAS) as a Major Payment Institution, placing XSGD among the few stablecoins with both regulatory oversight and multi-chain deployment.

XSGD has over 8 billion on-chain transactions already, and a circulating supply above 13.6 million tokens. The stablecoin is live on Ethereum, Polygon, Hedera, Zilliqa, Arbitrum, and Avalanche.

@ Newshounds News™
Source:  Crypto News

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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“Tidbits From TNT” Wednesday Morning 5-21-2025

TNT:

Tishwash:  The Ministry of Finance is discussing with the World Bank the establishment of a permanent office in Iraq.

On Tuesday, May 20, 2025, Iraqi Finance Minister Taif Sami received a delegation from the European Bank for Reconstruction and Development to discuss joint cooperation, a number of economic and investment issues, and the establishment of a permanent office in Iraq.

 The Ministry of Finance stated in a statement received by Al-Jabal that "the meeting focused on expanding the bank's role in Iraq during the next phase, particularly in the areas of supporting the private sector, financing small and medium-sized enterprises, and providing technical assistance to government agencies, in line with the priorities of the government program to improve the business environment and develop infrastructure."

According to the statement, the two sides discussed "the progress made in the negotiations on the Host Country Agreement, which aims to enable the Bank to establish a permanent office in Iraq, facilitate its mission of providing technical and advisory support, and expand its network of cooperation with local institutions."

 Potential areas of cooperation were also reviewed, including renewable energy, transportation, and modernizing the financial sector, which would contribute to attracting investments and stimulating economic growth.  link

IWFG1818:  Continuation of the National Emergency With Respect to the Stabilization of Iraq

https://www.federalregister.gov/documents/2025/05/14/2025-08786/continuation-of-the-national-emergency-with-respect-to-the-stabilization-of-iraq#:~:text=For%20this%20reason%2C%20the%20national,declared%20in%20Executive%20Order%2013303.

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Tishwash:  Oil Minister: The Iraqi Oil Services Center will transfer well revenues to the state treasury.

 Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani Al-Sawad, explained today, Tuesday (May 20, 2025), that the establishment of the Iraqi Center for Oil Services will transfer financial revenues from oil extraction and well drilling to the state treasury instead of going to foreign companies.

Al-Sawad said in a statement to Baghdad Today, "The well-drilling operations require a number of supporting operations that will be under the control of the center, which will save money for the state treasury."

He pointed out that "the center has actually proceeded with updating specialized equipment in a number of oil companies, particularly the Basra Oil Company," explaining that "Basra Oil Company purchased some equipment years ago, and after its arrival in Iraq, the selling companies refused to deliver the software to Iraq. However, the company preserved this equipment, and it has now been updated, and it will enter service as important equipment in the oil sector."

Last Friday, the Oil Minister inaugurated the Iraqi Oil Services Center in Basra Governorate, a move he described as significant in achieving self-sufficiency in vital sectors. This move aligns with the government's directives and decisions within the government program, as well as creating national partnerships with the private sector and relevant entities in the oil industry. link

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Tishwash:  PM Barzani, US Congressman discuss Erbil-Washington ties

On Wednesday, Kurdish Prime Minister Masrour Barzani discussed strengthening Kurdistan-US ties with Congressman Abe Hamadeh in Washington.

The meeting followed the signing of two energy agreements during Barzani’s visit, aimed at strengthening infrastructure and attracting foreign capital to the Kurdistan Region.

Energy remains a strategic sector for the Region, which continues to pursue independent development amid ongoing disputes with Baghdad over oil revenues and export authority.

Hamadeh, a US lawmaker of Kurdish descent, called the agreements a “positive development” for Iraq’s economy and stressed the importance of sustained engagement between Washington and Erbil.

Barzani then congratulated Hamadeh on his election to Congress, highlighting his support for Kurdish interests in US policymaking.

The Kurdistan Region has previously partnered with the United States in counterterrorism and regional stability initiatives.  link

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Tishwash:  The Minister of Finance discusses with the Iraqi Economic Council mechanisms to enhance investment opportunities.

Minister of Finance Taif Sami Mohammed received the head of the Iraqi Economic Council and his accompanying delegation. During the meeting, they discussed prospects for cooperation between the two sides, focusing on enhancing investment opportunities and developing economic partnerships.

The Minister stressed, according to a statement by the ministry, the keenness to open effective channels of communication with economic entities and support initiatives aimed at stimulating the investment environment, providing job opportunities, and driving the wheel of development.

Meanwhile, the Iraqi Economic Council called on the Ministry of Finance to support the Economic Investment Conference scheduled to be held in early June, through coordination and providing the necessary facilities for the success of its work.

The two sides stressed the importance of the conference contributing to highlighting investment opportunities in various sectors and attracting capital.

The Council delegation also stressed the importance of the ministry's participation in preparing workshops and discussions related to financial reform and developing the investment environment, as it is a pivotal body in formulating economic policies.  link

Mot:   Dangerous game!  

Mot:  In Case Youv'e Been Wondering!!!!! 

Are we Heading into a Systemic Meltdown?

Are we Heading into a Systemic Meltdown?

Kitco News:  5-21-2025

Gold demand just wrapped up its strongest first quarter since 2016, driven by a powerful confluence of factors that suggest investors are hedging against economic uncertainty, geopolitical instability, and the potential erosion of faith in traditional financial systems.

According to the World Gold Council’s latest Gold Demand Trends report, a surge in ETF inflows, relentless central bank buying, and booming retail demand, particularly in Asia, propelled the precious metal even as prices hovered near record highs.

In a recent interview with Kitco News, Joseph Cavatoni, Senior Market Strategist at the World Gold Council, delved into the report’s key findings and their implications. The conversation explored potential drivers ranging from inflation hedging and de-dollarization to growing concerns about systemic market stress.

One of the most significant developments in Q1 was the dramatic reversal in ETF flows. After a period of outflows, gold-backed ETFs saw a remarkable surge in demand, accumulating a net 226 tons – the largest inflow since 2022.

This shift indicates a renewed appetite for physical gold as a safe-haven asset, potentially signaling investor unease amidst ongoing economic volatility.

Central banks continued their buying spree, adding significant quantities of gold to their reserves. China and Poland were particularly active, reflecting a broader trend of countries diversifying their holdings away from traditional reserve currencies.

 This persistent demand from central banks provides a solid foundation for gold prices and highlights the metal’s enduring role as a store of value in a turbulent global landscape.

The robust demand for gold across various sectors suggests investors are increasingly concerned about the potential for fiscal instability and persistent inflation. Gold’s reputation as a hedge against inflation and a safe haven during economic downturns is clearly driving its popularity, as individuals and institutions alike seek to protect their wealth against eroding purchasing power.

Interestingly, the European Central Bank (ECB) recently identified gold as a potential systemic risk, warning of a potential liquidity crisis related to gold-backed assets.

 While seemingly contradictory, this warning could be interpreted as a signal that gold’s growing significance in the global financial system is causing concern among regulators.

The conversation also touched upon the potential impact of U.S. tax reform on institutional gold demand. A more favorable tax environment could further incentivize institutional investors to allocate capital to gold, potentially amplifying the existing demand trends.

The surge in retail demand for gold is evident in unusual market behavior. Even retailers like Costco have reportedly limited gold sales, indicating the intensity of consumer interest in acquiring physical gold. This widespread participation underscores the perception that gold offers a tangible and reliable store of value in a world facing increasing uncertainty.

With all these factors converging to fuel gold demand, the question on everyone’s mind is: how high can gold prices go? While predicting future prices is inherently uncertain, some analysts suggest that the current trajectory could pave the way for gold reaching unprecedented levels, with some even mentioning a potential target of $4,000 per ounce.

The strong performance of gold in Q1 2024 paints a compelling picture of its enduring relevance in the modern financial landscape.

Fueled by a confluence of factors including economic anxieties, geopolitical tensions, and central bank accumulation, gold’s appeal as a safe-haven asset appears to be strengthening. While challenges and volatility are inevitable, the underlying demand drivers suggest that gold will continue to play a crucial role in portfolios seeking diversification and protection in an increasingly uncertain world.

https://youtu.be/kHx35QD0SJo

Seeds of Wisdom RV and Economic Updates Tuesday Evening 5-20-25

Good Evening Dinar Recaps,

Peirce Pushes Back: SEC’s Approach ‘Must Be Corrected’

Unlike Gensler, Peirce recognized the potential of crypto early on, going as far as proposing a safe harbor approach to regulating decentralized assets back in early 2020.

She refined her proposal in 2021 and discussed it once again on Monday. A safe harbor framework would involve acknowledging that some crypto assets may start out as securities but may no longer be classified as such over a period of time.

For instance, tokens issued prior to a network launch for the purpose of funding development of the said network would initially be deemed securities but wouldn’t be subject to securities laws during a pre-determined grace period.

Once the platform is fully functional and its maintenance becomes sufficiently decentralized—and assuming this happens prior to the expiration of the grace period—the network’s token ceases to be a security and can trade freely in secondary markets.

But Peirce’s ideas were stymied by Gensler’s regulation-by-enforcement method, which decimated the industry and turned the SEC into crypto’s primary adversary. And on Monday, she stood in defiance of the former chairman, who once quipped, “Of the nearly 10,000 tokens in the crypto market, I believe the vast majority are securities,” at the 2022 installment of SEC Speaks.

With the newly appointed Chairman Paul Atkins in her corner, Peirce recounted the story of Samuel Whittemore, a hero of the eighteenth-century American Revolution, before tying it to her own revolutionary perspective: unlike Gensler, she believes most crypto assets are not securities.

“The most popular topic of discussion by far in written input and industry meetings has been security status,” Peirce explained. “My short answer to the question, ‘Are crypto assets securities,’ is that most currently existing crypto assets in the market are not.”

She went on to discuss many nuanced legal points, stressing the importance of economic realities and explaining that “the line demarcating transactions covered by the securities laws from those that are not, is still hazy.” She pledged that the SEC will continue its new journey of providing regulatory clarity, instead of wielding the stick of regulation by enforcement.

But by far, the most consequential of her statements was her take on the security status of crypto assets.

The commissioner then ended her speech with a final reference to Whittemore:

“Two hundred and fifty years after Samuel Whittemore made his stand behind the stone wall, I stand here today grateful for the freedom for which he fought,” Peirce said. “I hope that all of us can look up from the minutiae of the securities laws for a moment to celebrate a quarter of a millennium’s fight for freedom.”

@ Newshounds News™
Source:  Bitcoin News

~~~~~~~~~

U.S. LEADS THE WORLD IN BITCOIN OWNERSHIP, NEW REPORT SHOWS

The U.S. leads global Bitcoin ownership and mining, with strong political backing and growing adoption across diverse demographics.

A new report from River reveals that the United States dominates Bitcoin ownership globally, holding about 40% of all available Bitcoin. With 14.3% of its population owning Bitcoin, the U.S. outpaces Europe, Oceania, and Asia combined.

Corporate America also leads in Bitcoin holdings. Thirty-two U.S. public companies, with a combined market cap of $1.26 trillion, hold Bitcoin as a treasury asset. These firms account for 94.8% of all Bitcoin owned by publicly traded companies worldwide. Major holders include:

• Strategy with 569,000 BTC

• U.S. mining companies with 96,000 BTC

• Others with 68,000 BTC

Totaling 733,000 BTC in the U.S., compared to 40,000 BTC held elsewhere.

The U.S. has also emerged as the global leader in Bitcoin mining since China’s ban on Bitcoin mining in 2021. It is now responsible for 38% of all new Bitcoin mined since then.

The U.S. attracts miners due to:

• Stable regulatory environment

• Access to deep and liquid capital markets

• Abundant energy resources

These advantages have helped the U.S. increase its share of the global Bitcoin mining hashrate by over 500% since 2020, solidifying its position as the center of the industry.

Bitcoin is also emerging as America’s preferred reserve asset, overtaking gold.
Over 49.6 million Americans are in favor of holding Bitcoin, compared to 36.7 million who still prefer gold.

The U.S. government’s Bitcoin advantage is now greater than that of gold, where the U.S. accounts for only 29.9% of the world’s central bank gold reserves.

“Because there is a fixed supply of BTC, there is a strategic advantage to being among the first nations to create a strategic bitcoin reserve,”
said the White House on March 7, 2025.

Political support for Bitcoin is surging in the U.S.
Currently:

• 59% of U.S. Senators

• 66% of House Representatives

Openly support pro-Bitcoin policies, signaling a significant shift in political sentiment and greater acceptance of digital assets as a key part of America’s economic future.

The study also reveals:

• Bitcoin ownership is highest among American males aged 31–35 and 41–45

• Ownership rates within these groups range from 3% to 41%

• Politically, individuals identifying as “very liberal” or “neutral” are more likely to own Bitcoin

• However, conservatives still make up a significant portion of holders

@ Newshounds News™
🔗 Source:   Bitcoin Magazine

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 5-20-25

Good Afternoon Dinar Recaps,

JP MORGAN TO ENABLE CLIENTS TO BUY CRYPTO WITHOUT PROVIDING CUSTODY SERVICES

JPMorgan Chase customers will soon be able to purchase cryptocurrencies through the bank, though the institution won’t hold the digital assets itself, according to an announcement from CEO Jamie Dimon. The move represents a significant shift for the banking giant, whose chief executive has previously been openly skeptical about cryptocurrencies.

“We are going to allow you to buy it,” Dimon said at the bank’s annual investor day on Monday. “We’re not going to custody it. We’re going to put it in statements for clients,” according to CNBC.

The announcement marks an evolution in Dimon’s stance, who famously described Bitcoin as “a hyped up fraud, a pet rock” in 2023. Despite his personal reservations, Dimon acknowledged client demand, stating:

“I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy bitcoin.”

Financial institutions increasingly embracing crypto

JP Morgan’s decision follows similar moves by competitors in the financial sector.
Goldman Sachs has already ventured into cryptocurrency offerings, while Morgan Stanley recently announced plans to provide crypto services, with its subsidiary E-TRADE also exploring cryptocurrency offerings.

The brokerage sector has shown interest as well, with Schwab backing institutional crypto trading venue EDX Markets and planning to offer crypto to investors pending regulatory changes. Meanwhile, Robinhood continues to generate significant profits from cryptocurrency trading.

JP Morgan’s decision not to provide custody services raises questions about who will safeguard clients’ digital assets. Until recently, U.S. banks were unable to provide crypto custody due to SAB 121 restrictions.

Despite being a world leader in blockchain development, JP Morgan’s choice to sidestep custody is notable given that other banks such as BNY and Standard Chartered view it as an opportunity.

Custody: Who Will Hold the Keys?

The bank will likely select a custody partner. It will need to choose between:

• Established crypto startups like Coinbase, Anchorage Digital, Paxos, BitGo, or Ripple Custody

• Institutional-founded startups such as Zodia Custody and Komainu (though these lack a strong U.S. footprint)

• Major banks such as BNY

The risk of providing custody is highlighted by the recent losses by Coinbase customers following data theft by customer support operatives that was subsequently used for social engineering.

While crypto startups bring specialized experience, traditional financial institutions like BNY offer substantially larger security budgets. However, competitive dynamics complicate matters, as BNY remains a direct JP Morgan competitor.

@ Newshounds News™
🔗  Source:   Ledger Insights

~~~~~~~~~

BRICS: THE BIGGEST REASON INDIA MAY EVENTUALLY LEAVE THE ALLIANCE

It has been a rather complicated few months for the leading collective of the Global South. Amid ongoing tensions for the BRICS bloc and its members, one key reason is emerging that could lead India to eventually leave the economic alliance entirely.

The country has seen no shortage of reasons to potentially see increased tensions with the group. Its conflict with China has been well documented, although it has been resolved to this point. However, in its place is a new issue that is beginning to fracture its relationship with the group.

BRICS Facing Issue that Could Eventually See India Quit the Collective

The start of the year saw US President Donald Trump once again return to the White House. That has brought with it increased geopolitical tensions, as his protectionist economic policy has threatened several global relationships.

Moreover, it is worse for the BRICS bloc, as he entered the Oval Office and threatened 150% tariffs on the economic alliance.

The reason for his confrontational relationship with the bloc remains its de-dollarization efforts. For the last several years, the bloc has sought to lessen its reliance on the greenback in a major way. Even considering the creation of its own trade currency, the plan flies in the face of Trump’s efforts to ensure the dollar's status.

In that pursuit, the BRICS bloc may have found the one way that India could eventually leave the alliance.

@ Newshounds News™
🔗  Source:  Watcher Guru

~~~~~~~~~

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Banks Are Hiding This: This Isn’t a Recession… It’s a Reset I Francis Hunt

Banks Are Hiding This: This Isn’t a Recession… It’s a Reset I Francis Hunt

Soar financially:  5-19-2025

From the floor of the German Gold Show in Frankfurt, Kai Hoffmann sits down with Francis Hunt (The Market Sniper) to break down what could be the biggest financial crisis of our lifetime.

 The U.S. debt system is collapsing. Central banks are cornered. Commercial real estate is imploding. And the Fed? It’s trapped with no real options left.

Meanwhile, Ray Dalio is buying gold, Buffett is backing off America, and crypto is rising again. Are we witnessing the end of U.S. financial dominance?

00:00 Leverage Collapse & Global Depression

01:00 Trump in Saudi Arabia — New Trade Order?

03:00 Embargo, Oil Surges & Consumption Crash

05:00 Inflation Illusions & Retail Recession

08:00 Fed Can’t Cut — They’re Trapped

10:00 No One’s Talking About Bank Health

 12:00 Trading Desks, Elites & Insider Profits

14:00 Recession Forecasts: Why the Banks Are Lying

16:00 America’s Lost Trust — Market Reactions Coming

18:00 Housing, Debt & Corporate Defaults

20:00 Gold, Crypto, & Swiss Bonds

24:00 Buffett’s Exit, Dalio’s Gold Bet

26:00 Final Warning: Reserve Asset Collapse

 28:00 What Happens When No One Buys Debt?

32:00 Massive Liquidity Gaps — Is This the End?

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

Seeds of Wisdom RV and Economic Updates Tuesday Morning 5-20-25

Good Morning Dinar Recaps,

SENATE STABLECOIN BILL PASSES KEY VOTE AS GENIUS ACT REGAINS MOMENTUM

The GENIUS Act passed a cloture vote Monday evening less than two weeks after failing one. It will now head to a full floor vote.

Against all odds, the Senate’s stablecoin bill has regained political momentum, passing a key procedural vote Monday evening that has set the legislation on track for passage within days.

Less than two weeks ago, the bill, dubbed the GENIUS Act, failed to pass the same procedural cloture vote—which ends debate on a measure and advances it towards full floor consideration. At the time, a perfect storm of political winds conspired to derail support for the bill among pro-crypto Democrats. Chief among them: mounting anger in the Democratic Party over President Donald Trump’s perceived crypto-related conflicts of interest.

But tonight, key Democrats jumped back aboard the measure. Ruben Gallego (D-AZ), Mark Warner (D-VA), Lisa Blunt Rochester (D-PA), Kirsten Gillibrand (D-NY), and Angela Alsobrooks (D-MD)—all of whom voted against cloture on the GENIUS Act earlier this month—supported the measure tonight. Alsobrooks and Gillibrand initially co-sponsored the bill.

Having received more than 60 votes, the bill will now cruise towards a full floor vote, which could happen as soon as tomorrow, one Senate source familiar with the matter told Decrypt. If all goes according to plan, the vote on the bill itself should see the same margin of passage as tonight’s procedural vote.

The bill would then need to pass a vote in the House before heading to President Trump’s desk. If signed into law, the GENIUS Act would establish a framework for legally issuing stablecoins in the United States.

Stablecoins are crypto tokens, generally pegged to the U.S. dollar, that allow holders to enter and exit digital asset trades without accessing fiat currencies directly. They can also be used to easily send payments and remittances across borders. It is anticipated that once stablecoin legislation passes, once-hesitant Wall Street giants will flood the sector, bringing billions of dollars, if not trillions, into crypto.

What gave the GENIUS Act new wings just days after the bill nearly death spiraled? Last week, Senate Democrats ironed out a new draft of the legislation, which they touted as containing major concessions from Republicans on issues like conflicts of interest, national security protections, and Big Tech.

But it's unclear if those measures will have enough teeth to make them enforceable. While the new draft forbids all senior executive branch officials from launching their own stablecoins, for example, it still allows the president and vice president to do so—sidestepping the Trump-related concerns that made ethics a prominent issue for the legislation in the first place.

In a similar vein, new language added to the bill in the eleventh hour would prevent Big Tech corporations from launching stablecoins if said corporations tracked and sold users’ sensitive financial data—unless they got customers’ consent to do so in their terms of service.

Another factor that may have shifted political calculus enough to get the GENIUS Act over the 60-vote hump: increased lobbying pressure from industry leaders, who realized that if the bill didn’t pass, hopes for passing any crypto legislation on Capitol Hill this year might die along with it.

Coinbase, for instance, which boasts a tremendous lobbying presence in Washington, had previously dragged its feet in supporting standalone stablecoin legislation—a move intended to increase the likelihood of Congress passing a single crypto bill covering several industry sectors, but that nonetheless frustrated other digital asset policy players. In recent days, with crypto’s entire legislative agenda on life support, Coinbase notably turned up the heat in a push to get the GENIUS Act over the finish line.

The firm’s CEO, Brian Armstrong, made explicit pleas for the bill to be passed immediately. Stand With Crypto, a pro-industry political watchdog launched by Coinbase, warned it would lower politicians’ grades if they voted against cloture on the GENIUS Act tonight—a move the organization notably did not make after the initial cloture vote on the bill earlier this month.

Over the weekend, an in-app notification sent out by Coinbase, and seen by Decrypt, urged American users to send their senators a letter demanding the GENIUS Act be passed immediately.

Behind such signifiers churns an immense amount of money. Last year Coinbase, along with a handful of other major American crypto companies, raised over $300 million for pro-crypto super PACs that spent heavily on congressional races. The same super PACs have already raised tens of millions of dollars for the 2026 midterms.

@ Newshounds News™
Source:  Decrypt

~~~~~~~~~

BRICS: 5 COUNTRIES PAY 93% OF TRADE IN NATIONAL CURRENCIES

BRICS member Russia is advancing the de-dollarization agenda with every alliance it is a part of, and convincing them to settle trade payments in national currencies. In the latest, Russia confirmed that 93% of cross-border payments within the Eurasian Economic Union (EAEU) alliance have been settled in national currencies, not the US dollar.

After BRICS, every other alliance is teaming up for trade settlements in national currencies. The development will add strain on the US dollar and dampen its prospects as the world’s reserve currency. Emerging economies are reshaping the global financial order on their terms and not following the dictation of Western powers.

BRICS: Eurasian Economic Union EAEU Sidelines US Dollar, Pays 93% Trade in National Currencies

The EAEU alliance comprises five countries: Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan. In 2015, the bloc announced that it used 70% of payments in national currencies. 

Now, 10 years down the line in 2025, the trade settlements have increased to 93%. Russia has used the BRICS ideology on the EAEU alliance to push national currencies ahead of the US dollar.

“If in 2015 the share of the ruble and other national currencies was about 70% in settlements with our partners in the EAEU, then by the end of last year we reached a record 93%,” said Russian Deputy Minister of Economic Development Dmitry Volvach.

Now, BRICS, CIS, SCO, GCC, ASEAN, and EAEU are using national currencies and ending reliance on the US dollar.

Volvach explained that no country was forced to indulge in de-dollarization, and the switch to national currencies was in their interest.

“It is impossible to artificially force participants in foreign economic activity to switch to one currency. This is a good foundation for further growth,” he said.
BRICS and EAEU are now at the forefront of de-dollarization, where national currencies take the lead over the US dollar.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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“Tidbits From TNT” Tuesday Morning 5-20-2025

TNT:

Tishwash:  Finance: Ernst & Young contracted to evaluate Iraqi insurance companies.

The Minister of Finance announcedSami's SpectreToday, Monday, contractedIraqWith the company "Ernest"Young" Global to evaluate the performance of government insurance companies and make recommendations to determine their fate.

Sami told the official agency, which followed it:Alsumaria NewsHer ministry, "based on the directives ofcabinetI contracted with the international company Ernst & Young to evaluate the work of government insurance companies.

She added , "The company's role will focus on submitting technical recommendations to the ministry regarding merging, restructuring, or improving the current performance of these companies, in line with international best practices and standards."Ministry of FinanceIn 2023, it announced its selection of the international audit firm "Ernest"Young" and its headquartersAmerica...to "review its financial statements, as a first step in efforts to correct and reform financial policy, consistent with the principles of the Iraqi government's reform program," according to an official statement issued at the time. link

Tishwash:  Rome addresses Baghdad economically: We propose an investment forum to deepen bilateral partnership.

The Italian government has expressed its desire to organize a joint economic forum with Iraq, bringing together businessmen and investors from both countries, as part of efforts to strengthen bilateral relations and expand trade and investment cooperation between Baghdad and Rome.

The Ministry of Foreign Affairs stated in a statement received by {Euphrates News} a copy of it, that: “Deputy Prime Minister and Minister of Foreign Affairs, Fuad Hussein, received today, Monday, the Undersecretary of the Italian Ministry of Foreign Affairs, Ms. Maria Tripodi, in Baghdad.”

At the beginning of the meeting, Tripodi congratulated the minister on the remarkable developments taking place in Baghdad, as well as on the success of the recent Arab Summit. She noted that she had held important and fruitful political and economic discussions during her visit, and affirmed her country's desire to organize an Iraqi-Italian economic forum with the participation of businessmen from both countries.

The Foreign Ministry added, "The meeting discussed developments in the region, with both sides affirming their convergence of views on a number of issues, while expressing optimism about the ongoing positive developments."

For his part, Fuad Hussein expressed his "satisfaction with the results of the discussions held by the Italian official in Baghdad," stressing that "bilateral relations are witnessing significant growth, and there is a shared ambition to enhance economic and trade cooperation between the two countries." link

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

Tishwash:  Al-Sudani: Iraq is keen to continue coordination with Nokia to secure the infrastructure for the digital transformation project.

Today , Monday, Prime Minister Mohammed Shia Al-Sudani affirmed Iraq's keenness to continue coordination with Nokia to secure the infrastructure for the digital transformation project.

The Prime Minister's media office said in a statement received by Al-Youm Al-Akhbariya that "Prime Minister Mohammed Shia Al-Sudani received, today, Monday, the Ambassador of the Republic of Finland to Iraq, Anu Saarela, accompanied by a delegation representing the executive directors of the Finnish company Nokia, which specializes in the field of communications and information technology.

" The statement added that "during the meeting, ways to develop cooperation were discussed, especially in the fields of information technology and modern digital technologies, as the company's delegation provided a detailed explanation to Al-Sudani about its programs and plans to implement the digital transformation project and its services in the field of artificial intelligence and fifth generation communications."
Al-Sudani affirmed "Iraq's keenness to continue coordination with Nokia to secure the infrastructure for the digital transformation project in government departments and institutions, and in various sectors."

He pointed out that "the government has laid the foundations for legislation and laws, and created centers concerned with developing this technology and providing the required technologies," indicating that "Iraq presented, during the Arab Summit, important initiatives regarding digital transformation and artificial intelligence." 

For her part, Ambassador Al-Sudani congratulated "the successful organization of the Arab Summit and the strengthening of Iraq's role at the Arab and regional levels, in addition to the government's success in providing services and implementing development projects," stressing that "Nokia is determined to contribute effectively to providing the infrastructure for the digital transformation project, through contracts concluded with Iraqi companies."   link

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

Tishwash:  Al-Sudani: Iraq presented important initiatives regarding digital transformation during the Arab Summit.

Prime Minister Mohammed Shia al-Sudani affirmed Iraq's commitment to continuing coordination with Nokia on Monday, noting that Iraq presented important initiatives regarding digital transformation and artificial intelligence during the Arab Summit.

The Prime Minister's Media Office said in a statement seen by Al-Eqtisad News, "Prime Minister Mohammed Shia al-Sudani received, on Monday, the Ambassador of the Republic of Finland to Iraq, Anu Saarela, accompanied by a delegation representing the executive directors of the Finnish telecommunications and information technology company Nokia."

He added, "During the meeting, we discussed ways to develop cooperation, particularly in the fields of information technology and modern digital technologies. The company's delegation provided His Excellency with a detailed explanation of its programs and plans to implement the digital transformation project and its services in the field of artificial intelligence and fifth generation communications."

Al-Sudani affirmed "Iraq's commitment to continuing coordination with Nokia to secure the infrastructure for the digital transformation project in government departments and institutions and across various sectors," noting that "the government has laid the foundations for legislation and laws and created centers dedicated to developing this technology and providing the required technologies."

He stressed that "Iraq presented, during the Arab Summit, important initiatives regarding digital transformation and artificial intelligence."

For her part, the ambassador congratulated the Prime Minister "on the successful organization of the Arab Summit, and the strengthening of Iraq's role at the Arab and regional levels, in addition to the government's success in providing services and implementing development projects." She emphasized that "Nokia is determined to contribute effectively to providing the infrastructure for the digital transformation project through contracts concluded with Iraqi companies."  link

Mot:  Tree fell on my fence, but I’m making the best of it!

Mot: .. and then martha said………..