Real Assets are Historically Cheap Right Now Here’s One Example

Real Assets are Historically Cheap Right Now. Here’s One Example.

Notes From the Field By James Hickman / Simon Black / Sovereign Man October 2, 2024

The “green energy” revolution is one of the biggest fantasies of today.

For example, they tell us that fossil fuels are going away, that the gasoline powered internal combustion engine is a thing of the past, and that everyone wants to drive an electric vehicle (EV).

Clearly, that’s why over 90% of consumers still choose gas powered vehicles...

So the government instead has to step in to mandate electric vehicle use, attempting to force manufactures to sell 50% electric vehicles by 2030.

They conveniently ignore the fact that the American electric grid cannot handle that kind of power demand.

And if the $1 billion per EV charging station Secretary of Transportation Pete Buttigieg is spending from the trillion-dollar infrastructure bill is any indication, we’re not going to get there in six years.

The “green energy” revolution is one of the biggest fantasies of today.

 Meanwhile, auto manufacturers are actually scaling back EV production as demand slows and infrastructure gaps remain vast.

Governments and activists may wish it were otherwise, but fossil fuels are not going away for decades. Yet, the belief that they are has led to massive misallocations of capital into renewables.

We’ve talked about this in regards to oil, natural gas, and the uranium required for nuclear power. All of these energy assets have been ignored by investors, or demonized by activists and governments, despite remaining absolutely critical.

And the same thing is true of the metals necessary to build traditional internal combustion engines.

Mining companies are obsessed with finding more metals like nickel and cobalt for the “green energy” revolution. Meanwhile, the specific niche metals required for gas vehicles have been neglected.

I’m talking about platinum group metals (PGMs). These include six metals—platinum, palladium, rhodium, iridium, ruthenium, and osmium—renowned for their high melting points and corrosion resistance.

Over 80% of palladium and 90% of rhodium is used in gas vehicle emissions control systems to convert toxic gases into less harmful substances.

And it seems investors have believed the lies of the climate fanatics, assuming that demand for these metals will drop precipitously as everyone flocks to electric vehicles.

This ignores, first, the actual reality that people still prefer gas vehicles.

Second, the fact that hybrid-electric vehicles are actually the most popular alternative to gas-only vehicles.

And while the EPA-regulation wants everyone to drive electric vehicles, hybrids also satisfy its 50% mandate.

Already, hybrid vehicles account for about 25% of vehicle sales in the US. And they actually use more PGMs per vehicle than traditional combustion engine cars.

But the supply of PGMs is shrinking.

South Africa, the dominant producer of platinum and rhodium, has struggled with power shortages, labor strikes, and declining investment in its mining sector. Russia, another major player, faces sanctions and geopolitical uncertainty that disrupt its palladium production.

With these two countries controlling the vast majority of global supply, the market is heading for significant deficits in the coming years. The numbers are already telling: in 2023 and 2024, the platinum, palladium, and rhodium markets all ran deficits, as in, more was consumed than produced.

Despite this looming shortage, prices for PGMs have plummeted.

Palladium is down 66% from its 2022 highs, and rhodium has crashed by 80% since 2021. This collapse in prices has put major PGM producers on the back foot, forcing them to cut jobs, and even shut down some operations.

Investors, spooked by the drop, are shorting palladium at record levels, convinced that the future belongs to EVs. But they’re missing the bigger picture.

False narratives like these are one reason why many real assets are historically cheap right now.

Real assets are physical, tangible goods like certain commodities and natural resources which have intrinsic value tied to real world uses. This includes energy assets like oil and uranium, productive technology, and fertile farmland.

It also includes critical minerals and metals, like the ones we have been discussing.

Unlike financial assets and paper money, they cannot be conjured out of thin air by central banks and government. Which is why they protect wealth against inflation.

And the type of conditions present in the PGM market is a classic example of finding a historically undervalued real asset.

A crucial, critical resource with limited supply? Check.

A burgeoning shortage, with no movement in the markets to remedy it? Check.

A historically low price for the critical resource? Check.

That’s why this summer we wrote to subscribers of our investment research service, The 4th Pillar, about a company which mines PGMs.

But rather than traditional mining, it extracts these metals from tailings— the waste left over from other mining operations.

And that means it actually gets its source material delivered to it for free...

This company has a deal with a chrome miner for the exclusive right to process the chrome mine tailings. It gives back the recovered chrome, and keeps all the extracted PGMs for itself.

It’s a symbiotic relationship with no money exchanged, no profit share, and no royalty owed.

This low-cost, efficient business model has allowed the company to stay profitable even as PGM prices have cratered.

With a rock-solid balance sheet and minimal debt, it is perfectly positioned to weather the current downturn and capitalize when the market inevitably turns.

But again, this isn’t just the story of PGMs and vehicle markets.

Everywhere you look, real assets are historically cheap.

Often these same conditions exist— the market for a critical resource has been ignored by investors, or demonized by activists, cutting into supply, while demand stays steady, or even grows.

While frustrating, these lies create enormous opportunity. The best way to capitalize is by investing in critical real asset companies at historic lows. As inflation rises and markets correct, those who invest now stand to benefit immensely.

To your freedom,  James Hickman  Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/real-assets-are-historically-cheap-right-now-heres-one-example-151519/

PS-
The 4th Pillar is our highest tier investment research service that focuses entirely on undervalued real asset businesses. Based on our track record, an annual membership is well worth the $1,995 cost.
If you’re interested in subscribing you can do so here.

Navigating the Global Debt Bubble, are we on the Brink of Crisis?

Navigating the Global Debt Bubble, are we on the Brink of Crisis?

Daniela Cambone:  10-4-2024

In an era where economic fluctuations and political uncertainty dominate the headlines, the discussion around global debt has never been more pressing. Recently, Edward Dowd joined Daniela Cambone on ITM Trading to shed light on an alarming reality: the global debt bubble is perilously close to unwinding.

This insightful conversation revealed how we have arrived at this juncture—a scenario deeply entrenched in a system designed for self-preservation through relentless debt creation and fear-mongering.

As Dowd articulates, the proliferation of debt is not merely a byproduct of economic policy gone awry; it is an orchestrated strategy to keep the financial system afloat.

Central banks across the globe have resorted to keeping interest rates at historically low levels, which has encouraged borrowing and inflated asset prices. Corporations and governments alike have taken on unprecedented levels of debt, stirred by the promise of growth and stability.

However, this growth is illusory. The disparity between asset values and underlying economic fundamentals is widening. The debt bubble is propped up by a precarious mix of consumer confidence, government intervention, and speculative investment. But as any economist will tell you, such bubbles tend to burst, and when they do, the repercussions can be catastrophic.

What is particularly concerning is Dowd’s assertion that this is not a new phenomenon; rather, division and manipulation have been used as tools of control for centuries. The elite class has historically leveraged societal fears—be it economic uncertainty, social unrest, or geopolitical tensions—to maintain power and influence over the masses.

Today, fear has evolved, taking on new forms—be it through media narratives that amplify economic crises or political rhetoric that stokes division among communities. In every instance, the goal remains the same: to distract the populace from the underlying realities, ensuring compliance and, ultimately, a continuation of the status quo.

During their conversation, Dowd underscored how division plays a crucial role in perpetuating this cycle of debt and fear. As society becomes more polarized, critical thinking often takes a back seat to emotional responses. This division keeps individuals preoccupied with social conflicts rather than focusing on systemic issues like the growing wealth inequality or the looming debt crisis.

The manipulation of information—whether through traditional media channels or social media platforms—serves to create a narrative that vilifies dissenters while glorifying the leaders crafting economic policies. This shield of division not only distracts from the inherent flaws in the financial system but also dissuades any unified approach to reform.

As Dowd warns, the unwinding of this global debt bubble is not a matter of “if,” but “when.” Once it begins, the consequences will ripple through economies, impacting everything from job markets to retirement funds. The end game may very well expose the deceptive foundations upon which our current system rests.

In such a scenario, a failure to recognize and address the manipulation of fear and division can leave societies vulnerable to further exploitation. Collective action will be essential, but it can only occur if citizens rise above the fray and unite to demand accountability from their leaders.

The dialogue between Edward Dowd and Daniela Cambone serves as a sobering reminder of the volatile state of our global economy. The system may be rigged, but awareness is the first step toward change. By understanding the mechanics of the debt bubble and recognizing the historical context of manipulation and division, we can begin to mobilize for a more equitable future.

In this fight against an entrenched financial system, knowledge is our greatest weapon. As consumers and citizens, it is crucial to stay informed, engage in meaningful dialogue, and challenge the narratives that seek to divide us. Only then can we hope to dismantle the structures that keep the global debt bubble inflated—and prevent it from devastating lives when it finally bursts.

https://youtu.be/ZdCOFBNfj54

https://dinarchronicles.com/2024/10/04/itm-trading-navigating-the-global-debt-bubble-are-we-on-the-brink-of-crisis/

“Tidbits From TNT” Saturday 10-5-2024

TNT:

Tishwash:  Iraqi Prime Minister receives first Swiss ambassador after 33 years

Iraqi Prime Minister Mohammed Shia al-Sudani received today, Saturday, the Swiss Ambassador to Iraq, Daniel Hon, who is the first ambassador of his country after the reopening of the Swiss embassy in Baghdad.

The Prime Minister welcomed the reopening of the Swiss embassy after about 33 years of closure, and considered it an important step and a new stage in relations between the two countries. He stressed the importance of activating joint working committees, which would contribute to more fruitful bilateral cooperation, according to a statement issued by his office and received by Shafaq News Agency.

The meeting witnessed an emphasis on the mutual desire to strengthen Iraqi-European relations, especially in light of the stable security situation in Iraq, the development renaissance that included all vital economic sectors, the government’s support for the work and investment environment, and the creation of constructive economic partnerships.

For his part, Ambassador Hon stressed that reopening his country's embassy in Baghdad would contribute to strengthening mutual relations, and help Swiss companies to operate in Iraq and benefit from available investment opportunities. 

The meeting touched on the ongoing Zionist aggression on Gaza and Lebanon, its targeting of defenceless civilians, the role of the European Union in stopping this massacre, and the position of the international community required to limit the expansion of the conflict in the region, and the dangers and threats it poses to regional and international security.  link

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Tishwash:  Government Advisor: Development Fund Provides Great Support to Private Sector

Advisor to the Prime Minister, Hussein Flamers, confirmed today, Saturday, that the Development Fund provided the private sector with unprecedented great support, while setting two conditions for developing the private sector. 

Flamers said in a statement to the Iraqi News Agency (INA): "Prime Minister Mohammed Shia Al-Sudani blessed the first national forum for the private sector, which is held by the Private Sector Development Department at the Ministry of Trade, in cooperation with Bayt Al-Hikma for Training and Consulting," indicating that "such meetings put us in the forefront and we are on the right path in developing the private sector."

Flamers explained that "we must benefit from the versions that preceded us in other countries and developed the private sector and work to have a single window that enables those working in the private sector to be a source of glory for it and for the process to run smoothly," noting that "the government program presented by Prime Minister Mohammed Shia Al-Sudani supports the private sector."

He explained that "the Iraqi Development Fund provided the private sector with unprecedented support, but we need legislation, and intensifying laws and legislation is a very important step in developing the private sector," noting that "financial and banking services, facilitating and simplifying procedures, and providing services are all part of supporting the private sector, which depends on achieving two conditions: the first is simplifying procedures, and the second is reducing the efforts expended."   link

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Tishwash:  Iraqi forces decide to keep out of Israel’s battles with Hezbollah and Iran

Officials and paramilitary commanders say Israeli attacks could be ruinous for Iraq and even topple its government

The Iraqi political and armed forces affiliated to Tehran have decided to distance themselves from Israel’s battles with Hezbollah and Iran, fearing that expanding the growing Middle Eastern wars could ruin Iraq and their own positions.

Iraqi officials and leaders of Iranian-backed armed factions told Middle East Eye that the focus instead will be on providing humanitarian aid and financial support to civilians affected by Israel’s war on Lebanon.

No US interests or military bases in Iraq or Syria will be targeted by Iraqi armed factions until further notice, commanders said.

Over the past year, Israel’s onslaught on Gaza has drawn reprisals from Hezbollah in Lebanon, Yemen’s Ansar Allah (commonly known as the Houthi movement), and Iraqi paramilitary groups.

Meanwhile, Israel has begun waging war on Lebanon. It has also killed Hezbollah’s leader, Hassan Nasrallah, and assassinated Ismail Haniyeh, Hamas’ political leader, in Tehran.

In response, Iran rained ballistic missiles on Israel on Tuesday, causing significant damage to Israeli military bases.

The escalation has raised the prospect of further Iraqi participation, whether through Iraq’s regular military or its multitude of paramilitary groups.

However, Iraqi officials say there is a belief that this would lead to the collapse of Iraq’s political, economic and military system and the fall of its government.

Sudani seeks calm

Over recent days, Iraqi Prime Minister Mohammed Shia al-Sudani has held dozens of meetings with political leaders, commanders of armed factions allied with Iran and the top brass of Iraq’s security services.

According to one of Sudani’s advisers, the prime minister sought to “explain the reality of the situation facing Iraq and the consequences of any Iraqi party getting involved in the ongoing conflict”.

He also met with various Arab and western diplomats, and spoke to several neighbouring leaders, including the Egyptian president, Qatar’s emir and the king of Jordan.

Sudani pressed them to help “stop the ongoing Zionist aggression on Lebanon and Gaza, which threatens to expand the conflict throughout the region", his adviser said.

Iraqi officials and commanders of armed factions told MEE they believe Iraq will be one of four countries that Israel will strike soon, in response to the Iranian missile attack.

'Sudani has been striving to deprive the Israelis of any pretext that could be used to strike Iraq'

- Adviser to the prime minister

A succession of dramatic and ruthless Israeli attacks on Lebanon and Hezbollah over the past two weeks have been met joyously by Israel’s leadership and public.

Yet, Sudani’s adviser noted, “the Iranian missiles have dispelled their euphoria”. 

“This means that it will definitely respond to this attack. Israel will inevitably attack Iraq, as it will attack Syria and Yemen, in addition to some oil facilities in Iran,” he said.

"Sudani has been striving to deprive the Israelis of any pretext that could be used to strike Iraq,” the adviser added.

"Iraq's political, security and economic situation is fragile and will not endure any party's adventure. Any ill-considered action in the coming days will have a high price and could burn everything."

Potential targets

Sources in the armed factions and security services predict Israel could hit several targets, including the headquarters of the Popular Mobilisation Forces (PMF), a governmental umbrella organisation that oversees various paramilitaries, including those close to Iran.

Last week, rumours were rife in political and media circles that Israel had drawn up a list of 35 targets in Iraq, including the locations and names of political leaders and the heads of armed factions. 

Yet paramilitary commanders and security officials insisted to MEE there is no indication that such a list exists.

“Its targets in Iraq are known and clear. It will attack the camps of some armed factions, as well as the camps and headquarters of the Popular Mobilisation Forces, and may target some commanders of the armed factions,” a senior PMF official told MEE.

“The only two figures who are actually targeted are Akram al-Kaabi, the commander of Harakat Hezbollah al-Nujaba, and Abu Hussein al-Muhammadawi, the commander of Kataeb Hezbollah,” the official said.

The official noted that the leaders of other Iranian-linked armed factions have traded their military roles for more political and economic ones, and no longer have any real influence on the armed resistance to Israel.

“The Israelis and Americans know this and are well aware of it, and have no interest in targeting them,” he said.

On Tuesday evening, immediately after the Iranian missile attack ended, the anti-Israel Iraqi paramilitaries that make up the “Islamic Resistance” issued a joint statement. They said they would not target US interests and military bases in Iraq unless Washington helps Israel attack Iran, or if Iraq’s airspace is used for Israeli bombing raids.

“Then all American bases and interests in Iraq and the region will be our target,” the statement said.

“All parties agreed to stop any military operations at this stage, but if Israel strikes any of them, everyone will respond at once,” a Harakat Hezbollah al-Nujaba commander told MEE.

"American and Israeli interests in Iraq and the region will all be targeted."

Precautionary measures

Sudani has put all Iraqi military forces on high alert since Tuesday evening. Most armed faction commanders have not appeared in public since then.

Meanwhile, a meeting was convened by the Popular Mobilisation Forces' leadership on Monday to discuss the latest developments and ways to secure its offices and forces, commanders told MEE.

According to one person present at the meeting, they all agreed to avoid engaging in the escalating regional conflict, including attacking US forces in Iraq, which they had done repeatedly before the beginning of this war.

They also decided to reduce the number of paramilitary troops at their headquarters and inform commanders to avoid being there, too.

The PMF leadership agreed to send all commanders strict instructions that all the fighters registered with the organisation should not be involved in the regional conflict in any way.

“If they decide to engage in the battle, they should not use their fighters registered on the Popular Mobilisation’s payroll, or its vehicles or equipment,” said the source at the meeting.

One senior commander, who was also at the meeting, described the situation as “very critical” and said “any mistake, we will all pay the price for”.

“We are targeted. Our troops’ locations, headquarters and weapons warehouses are exposed and known, so there is no room for any uncounted action,” he said.

“It is easy. We are regular troops, so our choice is the government’s choice. It is that simple.”  link

Mot: . Ahah!!! -- it's a Trick!! -- but I Fooled um!!  

Mot:  .. Fall is Here -- or is it -----

News, Rumors and Opinions Saturday AM 10-5-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 5 Oct. 2024

Compiled Sat. 5 Oct. 2024 12:01 am EST by Judy Byington

Possible Timing: (Rumors)

On Tues. 1 Oct. 2024 the US Inc. Corporation ended their fiscal year without further funding by Congress from the fiat US Taxpayer Dollar, ending the fiat monetary system.

Tues. 1 Oct was also the deadline for all banks to close worldwide which were not Basel III Compliant (have gold backed currency).

On that same Tues. 1 Oct. the Quantum Financial System Global Currency Reset (allegedly) activated with at least 144 countries currencies being gold/asset-backed and trading at a 1:1 with each other, including the new gold-backed US Note of the new United States of America Republic.

On Tues. 1 Oct. 2024 the new United States of America Republic (allegedly) began its new fiscal year under a gold-backed US Note.

Wed. 2 Oct. 2024: 150 bankers who were holding up the RV were (allegedly) arrested today.

On Thurs. 3 Oct. 2024 Iraq celebrated their Independence Day.

~~~~~~~~~~

Global Currency Reset: Everything was done. Nothing new to report.

~~~~~~~~~~

Global Financial Crisis:

Fri. 4 Oct. 2024: Expert Says US Dollar is Nearing The ‘End of the Line.’ With the BRICS bloc increasing its opposition to Western hegemony, one expert has noted that the US dollar is likely nearing the ‘End of the line.’ Indeed, the currency has faced a growing de-dollarization movement on a global scale. With an economic crisis burgeoning in the country, it could spell a perfect storm for the greenback struggle.  The BRICS group has firmly embraced a position against the dollar in its policies.  That has led the way to increased local currency promotion that carries it ever closer toward a multipolar world. With the 2024 annual summit nearing, there could be even greater de-dollarization developments.  That is especially true with the BRICS Pay system nearing an official launch. https://x.com/bricsinfo/status/1842261098109763958?s=46&t=KbeHKcWo9iYbqqIySY5EJA

Operation Sandman is a collaboration of 100+ nations in agreement to simultaneously sell off their US Treasury holdings, sending them back to the US to collapse the US Dollar.

The 12 reserve banks are private corporations controlled by unelected members in the private sector.

For the last 24 hours Google has not put out any stock market news from Europe.

Read full post here:  https://dinarchronicles.com/2024/10/05/restored-republic-via-a-gcr-update-as-of-october-5-2024/

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

Militia Man  World Bank [report] today praising Iraq, is in line with ample work is being done and yet to be reported. With as good as that report is and there is more to come that is suggested to be even better is amazing.

Frank26    We know everything up to the float is done.   To make it international will take you from the float to the REER.

RayRen98   THE CLOCK IS "NO LONGER" TICKING...IT'S DONE!  ALL CURRENCIES ARE SET TO "GO" THIS TIME...NO TECHNICAL ISSUES PRESENT.

Central Banks Desperate Action to Avoid Currency Collapse with Matthew Piepenburg

WTFinance:  10-4-2024

On this episode of the WTFinance podcast I had the pleasure of welcoming back Matthew Piepenburg. Matthew is a Partner of Von Greyerz AG and critic of current monetary policy actions of central banks.

During this conversation we spoke about his thoughts on the economy, why there is a debt trap, no expectation of real growth in the future, private vs public debt, calculating US Dollar devaluation, precious metals and more. I hope you enjoy!

 0:00 - Introduction

1:42 - Current thoughts on the economy?

7:16 - Concentration of growth

12:38 - Private vs public debt crisis

 26:31 - Calculating US Dollar devaluation?

 32:26 - Can they decrease the deficit?

40:16 - Why nothing about gold or silver?

50:10 - One message to takeaway?

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

MilitiaMan: Iraqi Dinar Update - Iraq Dinar News -World Bank - Report - Central Bank Governor: Mechanism in Euro

Iraqi Dinar Update - Iraq Dinar News -World Bank - Report - Central Bank Governor: Mechanism in Euro

MilitiaMan and Crew:  10-4-2024

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=N9aAElIn8uo

Seeds of Wisdom RV and Economic Updates Saturday Morning 10-5-24

Good Morning Dinar Recaps,

XRP CASE NEWS : SEC APPEAL AGAINST RIPPLE DOCKETED

The battle between the SEC and Ripple does not seem to end in the near future as the appeal by the commission against court order dated August 7 has been docketed. This move has started another round in this conflict. Though sec has submitted the appeal notice, it still has time to submit the complete appeal briefing. But Ripple’s leaders are not backing down. They remain confident that they are on the winning side of the law.

SEC Appeals Ripple Case Decision
The SEC has officially filed its appeal in the Ripple case, registering it with the United States Court of Appeals for the Second Circuit.This comes after Judge Analisa Torres, ruled out that not all sales of XRP are securities and she put a civil fine of $125 million on Ripple for institutional sale of XRP tokens.

Attorney James K. Filan confirmed the filing and shared screenshots of the appeal that is now docketed under case number 24-2648. The appeal brings the legal clash between Ripple and the SEC back into the spotlight.

Ripple’s Legal Team Responds
Stuart Alderoty, Ripple’s Chief Legal Officer, didn’t seem too surprised by the SEC’s move. In fact, he called it disappointing but not unexpected. According to him, the court had already dismissed the SEC’s accusations that Ripple acted recklessly.

There were no fraud allegations, and no one suffered any losses. He hinted that Ripple might even file a cross-appeal, but either way, the company is ready for whatever comes next.

Ripple’s CEO Speaks Out
Ripple CEO Brad Garlinghouse wasn’t shy about sharing his frustration. Posting on X (formerly known as Twitter), he slammed the SEC for continuing the case. According to Garlinghouse, the SEC’s actions haven’t helped protect investors. Instead, they’ve damaged the credibility of the agency itself.

He pointed out that Ripple, the crypto industry, and even the rule of law have already won in court. Garlinghouse is clear—XRP’s status as a non-security won’t change, no matter what the SEC tries next.

Internal Shake-ups in Commission
A spokesperson for the SEC explained the agency’s reason for appealing. They believe the district court’s ruling contradicts decades of legal precedent set by the Supreme Court. The SEC is eager to argue their case in front of the appellate court.

At the same time, the SEC’s Enforcement Director, Surbir S. Grewal, has announced his resignation. He’s stepping down from his role on October 11, sparking questions about internal disagreements over the Ripple case.

@ Newshounds News™

Source:  Coinpedia

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COINBASE TO DELIST USDT AND UNAUTHORIZED STABLECOINS IN EU BY YEAR-END UNDER MICA REGULATIONS

Coinbase, a leading cryptocurrency exchange, has announced plans to delist all unauthorized stablecoins, including Tether's USDT, from its platform in the European Economic Area by December 30, 2024

Coinbase has announced plans to delist all unauthorized stablecoins, including Tether's USDT, from its platform in the European Economic Area by December 30, 2024.

This move is in response to the European Union's new Markets in Crypto Assets (MiCA) regulations, which require stablecoin issuers to secure e-money authorization in a member state.

The MiCA regulations, which became effective in June 2024, aim to ensure regulatory compliance and consumer protection within the EU's cryptocurrency market.

Coinbase's decision to delist non-compliant stablecoins underscores its commitment to adhering to these new regulatory standards and addressing non-compliance issues.

@ Newshounds News™

Source:  The Defiant

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HK’S BANK OF EAST ASIA TESTS STABLECOIN ISSUANCE USING UDPN

Hong Kong’s Bank of East Asia (BEA) recently conducted a proof of concept (PoC) involving issuing stablecoins using the Universal Digital Payments Network (UDPN). It tested both the issuance and redemption of stablecoins (minting and burning) and trialed a mobile application for clients.

Today most stablecoin usage happens in the cryptocurrency world or jurisdictions where consumers are keen to access dollars. One reason stablecoins haven’t gone mainstream is because of missing pieces of infrastructure. However, that is changing, meaning stablecoins will become increasingly competitive with bank payments, especially cross border. Banks are not standing by. They’re engaging in multi-bank tokenized deposit trials and issuing their own tokenized deposits or stablecoins.

The UDPN is a multi-faceted project supporting the issuance of stablecoins and tokenized deposits, as well as providing an interoperability layer between different digital currencies, including central bank digital currencies (CBDCs).

“Through our PoC with UDPN, we gained insights into global practices on Central Bank Digital Currencies (CBDCs) and the mechanism of stablecoins,” said the BEA’s Stephen Leung, Group CIO, General Manager and Head of Technology and Productivity Division.

“Experiments were conducted on the issuance of stablecoins, as well as the transfer and swapping between CBDCs and stablecoins. Cross-chain interoperability was also examined between stablecoins and digital currencies on different blockchains. This has laid (an) important foundation for any partnership opportunities that may arise in the future.”

Earlier this year the bank took part in a DLT repo transaction with HSBC involving digital green bonds issued by Hong Kong.

The UDPN was founded by Red Date Technology, the co-founder of China’s Blockchain-based Service Network (BSN) and the international BSN Spartan Network. Its development partner is the GFT consultancy. Earlier this year it launched a sandbox for banks.

Hong Kong’s digital currency activities
Meanwhile, the Hong Kong Monetary Authority (HKMA) is running at least three digital currency sandboxes, although this PoC was not part of them. The HKMA recently announced the expansion of its retail CBDC sandbox to include tokenized deposits. Plus, it has a sandbox for stablecoins and another for the institutional use of wholesale CBDC, which is part of Project Ensemble.

@ Newshounds News™

Source:   Ledger Insights  

~~~~~~~~~

STABLECOIN ISSUER TETHER TO DEVELOP NEW SOLUTION FOR EUROPEAN MARKET

Tether is preparing to launch a new technology specifically for the European market. This strategic move comes in response to changing regulatory frameworks in the region, especially as MiCA (Markets in Crypto Assets) regulations come into full effect.

As part of the adjustment, Coinbase has announced plans to delist non-compliant stablecoins, including Tether’s USDT, from the European Economic Area (EEA) by December 30, 2024. This shift could reshape the landscape for European crypto users.

Stablecoin Market and MiCA
The new crypto regulation of the EU, MiCA, is designed to bring more safety and control to the cryptocurrency sector. However, these new sets of rules also pose risks for certain stable coins like USDt. The regulation requires at least 60% of the stablecoin reserve to be held in EU based banks however many banks in Europe can only insure deposits up to $100,000.

This poses high risk for stablecoins like USDt. Paolo Ardoino expressed his concerns about the risk this regulation can pose for stablecoins as well as banking systems.

Although some aspects of MiCA create obstacles, Tether praised the EU for building a well-structured regulatory environment. This framework, they say, is essential for the long-term growth of the industry.

Coinbase’s Deadline for Delisting Stablecoins
Coinbase has set December 30, 2024, as the deadline. By this date, all non-compliant stablecoins will be delisted in the European Economic Area. It’s a significant move for Europe however stablecoin services for other regions will remain unharmed. Several other exchanges like OKX and Bitstamp have already taken similar steps, preparing for MiCA’s full implementation.

Circle’s USDC, a stablecoin that meets MiCA’s requirements, is expected to remain available for European users. Coinbase users in European financial zones holding USDt or other non-compliant stablecoins must convert them. They will need to switch to compliant ones like USDC before the deadline.

Tether’s Response to MiCA
Tether is addressing the regulatory changes by creating a technology solution designed specifically for Europe. Although they haven’t shared the full details yet, the company indicated that the solution will focus on meeting the needs of Europe’s stable and structured economy.

This new initiative is part of Tether’s larger plan to keep a strong presence in the European crypto market, even with the regulatory challenges.

What This Means for Crypto Users?
Despite these hurdles, Tether is positive about its future in Europe and is working directly with regulators to develop workable solutions. For European users, Coinbase’s delisting and MiCA’s new rules mean that you may need to reconsider which digital assets to hold. Switching to MiCA-compliant stablecoins like USDC is one option to ensure your portfolio stays secure under the new laws.

Tether’s upcoming product could also provide new opportunities for users who prefer USDT, but it’s important to stay informed and prepared for the coming changes.

@ Newshounds News™

Source:  Coinpedia

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Iraq Economic News and Points To Ponder Saturday AM 10-5-24

Large And Dangerous" Economic Risks Await Iraq If It Becomes Involved In The Iran-Israel Conflict
 
Economy ​ 10-2-2024, 15:43 |Baghdad today - Baghdad   Economic expert Ahmed Al-Tamimi warned today, Wednesday (October 2, 2024), of the economic danger of dragging Iraq into conflict with the United States of America. Al-Tamimi said in an interview with “Baghdad Today” that   “trying to drag Iraq into conflict with the United States of America has great and dangerous economic risks for the internal Iraqi situation, especially since the economic situation is still completely controlled by the American dollar, and any conflict with Washington will prompt a dollar crisis.”
 
This could paralyze the Iraqi economy.”

He stated that  "Iraq depends for everything regarding its various imports on the dollar, through legal frameworks through the platform or through the parallel market, and  any American step  towards Iraq regarding the dollar will have serious effects on all Iraqi markets, and  for this reason one must be careful not to drag Iraq into conflict with America."
 
Therefore, Iraq would like to maintain good financial, economic and other relations with the American side to ensure the stability of its economic conditions.
 
Professor of International Economics, Nawar Al-Saadi, revealed on Sunday (September 29, 2024) how Lebanon’s developments will affect the Iraqi economy and the oil market during the next stage. Al-Saadi said in an interview with "Baghdad Today",
 
"With regard to the impact of the recent events in Lebanon on the Iraqi economy and the oil market,
 
we can say that the repercussions will be different based on several factors, the
 
     first of which is that the Iraqi economy depends heavily on oil exports, and
 
     any major escalation in the region." It may lead to a rise in oil prices in the short term due to fears of supply disruption or increased geopolitical risks in the Middle East region.
 
This rise may be positive for Iraq in terms of oil revenues, but it may impose new challenges related to revenue management and the stability of financial markets.”  

He stated,  “On the other hand, supply chains may be affected if the situation deteriorates further, especially if navigation or air transport lines in the region are disrupted under these circumstances, and
 
Iraq may face challenges in importing basic materials or equipment necessary for industrial projects, which "It may put pressure on development plans."  

Al-Saadi added,  “With regard to the influence of the Iraqi armed factions, any direct or indirect interference in the conflict may expose Iraq to American pressure, including imposing restrictions on dealing in the dollar, and
 
the United States previously used the card of banning the dollar to pressure governments, especially those that...  “It contributes to regional destabilization, which may deepen the financial crises in Iraq and increase the cost of foreign trade transactions.” 
 
https://baghdadtoday.news/259111-مخاطر-اقتصادية-كبيرة-وخطيرة-تنتظر-العراق-في-حال-انخرط-بصراع-ايران-وإسرائيل.html   

Parliament Is Preparing To Approve The “Most Important” Law To Recover State Funds From The Corrupt
 
Money and business  Economy News  Member of the Parliamentary Integrity Committee, Yousef Al-Kalabi, announced today, Thursday, the completion of the second workshop to mature the law for recovering state funds from the corrupt,
 
stressing that the law will be voted on before the end of the current legislative term. Al-Kalabi said in a press interview,
 
 “The committee has completed the second workshop on the Corruption Assets Recovery Law, which is considered one of the most important laws in the House of Representatives.”

 He added,  "This law completes the legislative deficiency in the process of recovering, seizing, and accessing funds.
 
The committee hosted representatives of many departments and state institutions, including the
 
     Financial Supervision Bureau, the
     Supreme Judicial Council, the
     Integrity Commission, the

Bar Association, and   others." Al-Kalabi pointed out that  “the Parliamentary Integrity Committee is seeking broadly and carefully to legislate the law on importing money from corrupt people because of its importance, especially since
 
some of the corrupt people’s money has turned into assets, real estate, and trade, and when an order is issued to recover the money, we find that the corrupt money has multiplied several times.”

 He stressed that  "the House of Representatives has completed the first reading of the law on importing corruption funds, and  a report will be submitted to complete the second reading of the law, provided that it will be voted on before the end of the current legislative term." Observations 155     10/03/2024 - https://economy-news.net/content.php?id=48301   

Supporting The Iraqi Economy.. The Government Takes A Series Of Decisions And Measures To Activate The Role Of The Private Sector
 
Economy / investigations and reports    Yesterday, 21:31  Baghdad - IA
 
Supporting the private sector and creating job opportunities, priorities emphasized by the government program of Prime Minister Muhammad Shiaa Al-Sudani, were supported by plans to invest in the role of this sector in diversifying the economy, reducing dependence on oil, and contributing to creating sustainable development.
 

Activating the private sector
 
This trend was supported by unprecedented government decisions, including a decision issued by the Council of Ministers on January 31, 2023, amending the prices of petroleum products for private and mixed sector projects, so that the price of black oil supplied to oxidized asphalt plants would be at a price of 35% of the international bulletin price, provided that it does not exceed The price of one ton is 250 thousand dinars, with a quantity of about 70-100% of the design capacity, and the situation is kept as it is for the factories that receive black oil at a price of 100 thousand dinars per ton, and for the rest of the factories at a price of 150 thousand dinars per ton.
 
As well as introducing the private sector into the implementation of new residential city projects by a decision of the Council of Ministers dated March 7, 2023.
 
The Council of Ministers took a set of decisions on March 28, 2023, which included writing off the amounts of professional fees and construction permit fees owed by industrial projects, the amounts of fines owed by commercial companies, and the amounts of fines owed by taxpayers resulting from the application of Article (30) of the Real Estate Tax Law No. (126) of 1959..
 
Government decisions also included granting sovereign guarantees to the private sector in the tripartite budget to support the establishment of laboratories and factories and establishing agricultural projects, proposing a new vision for grants to the private sector to achieve reform efforts, activating the laws in force that care for workers in the private sector, ensuring their retirement, and proposing a retirement and social security law in order to reform the legal environment. To operate the private sector and create jobs in it, which the House of Representatives actually voted on on May 17, 2023.
 
On April 7, the Council of Ministers voted to approve the issuance of investment and partnership instructions between the public sector and the private sector for the year 2024, based on the provisions of the Constitution and the Federal General Budget Law of the Republic of Iraq for the three fiscal years.
 
On June 4, the Council of Ministers issued several decisions to support the private industrial sector, which included obliging the Ministry of Oil not to cut the monthly fuel quota for all industrial projects, for any reason, as well as not to impose a month of maintenance on industrial projects and not to withhold the monthly fuel quota for this reason, and also a decision Providing all industrial projects with their actual shares of petroleum derivatives confirmed according to the need assessment list.

On July 23, and within the framework of developing and supporting the national industry, the Council approved the recommendations of the minutes of the meeting of the Dry Gas Committee for Investment Projects and the commitment of the Ministry of Oil to allocate and equip new industrial projects planned to be established in partnership with the private sector, by public companies in the Ministry of Industry and Minerals, in quantities of dry gas,

According to the quantities needed by these projects, according to a timetable for preparation, and at prices that achieve the economic feasibility of establishing these projects.

Quantities and prices are regulated through an agreement between the Ministries of Oil and Industry and with the approval of the Ministerial Council for the Economy.

Within the framework of the government's vision for economic reform and revitalizing the investment and development movement in the country, the Council of Ministers approved on August 18 the national strategy for bank lending prepared by the Central Bank of Iraq, including the recommendations and programs established in it.
 
The strategy aims to stimulate the growth of the Iraqi private sector by improving the business environment, attracting local and foreign investors, and increasing the credit granted to it from the non-oil GDP by 2029, as well as increasing credit to small projects from the non-oil GDP and financing nearly 100,000 projects.
 
Government procedures and openings
 
Within the framework of the measures adopted by the government to advance the private sector and make it a partner in the construction and reconstruction process, the government worked to end the wrong practices that hinder the work of the private sector and raise its contribution to the national economy by approving the recommendations of the Ministerial Council for the Economy and subjecting projects to fair competition on the basis of efficiency and confronting any extortion process.
 
The implementing companies may be exposed to it, in addition to facilitating the granting of entry visas to businessmen to Iraq, forming a follow-up cell to follow up on the implementation of projects, and firmly confronting any blackmail that the implementing companies may be exposed to, from any party.
 
In this regard, the Prime Minister also held a number of meetings, including a meeting with a number of businessmen, investors and project owners in the private sector, and a meeting with representatives of private sector companies specialized in implementing sewer network projects in Baghdad, during which he called on all private sector investors to seize the available opportunities. In Iraq.
 
On July 17, 2023, the Prime Minister chaired a meeting devoted to discussing the reality of the industrial sector in Iraq and the process of launching a new industrial initiative to advance this sector, in the presence of a number of advisors and representatives of the private sector.
 
On December 2, 2023, the Prime Minister announced the offering of 90 investment opportunities in partnership with the private sector in various industrial sectors throughout Iraq.
 
On December 6, 2023, the Prime Minister sponsored the signing of the partnership contract between the Iraqi Diyar Company (private sector) and the Saudi Northern Cement Company, in the first partnerships between the Iraqi and Saudi private sectors in the field of cement.
 
On March 9, the Prime Minister opened in Basra last March 9 factories and production lines for fertilizers, both types of fertilizers and urea, in partnership with the private sector.
 
He stressed that this partnership adds modern technology to the state and covers part of the budget requirements.
 
During his visit to the United States, which began on April 14, 2024, the Prime Minister decided to include a delegation from the private sector and Iraqi businessmen and women in the visiting delegation.
 
During the visit, the Prime Minister also sponsored the signing of similar memorandums of understanding between the Iraqi private sector and American companies in the fields of energy and pharmaceutical industry. On April 18, 2024.
 
On May 1, the Prime Minister inaugurated the continuous casting factory/first phase, at the General Company for Steel Industries, in the Taji area, north of the capital, Baghdad, after rehabilitating, modernizing and operating it, with a production capacity of up to 600 thousand tons annually.

He welcomed investors from the private sector in Iraq and greeted them.
 
Their step is to invest with companies of the Ministry of Industry and Minerals.
 
On May 9, the Prime Minister launched work on the Al-Ittihad Mills Project, in the city of Al-Madhatiya in Babil Governorate, and inaugurated the Al-Ittihad Company’s sugar factory expansion project, after adding new production lines for sugar production, raising the factory’s production capacity from (4,200) tons per day to (4,200) tons per day. 6000 tons per day, and a vegetable oil extraction plant, a plant feed production plant, and a premix plant were also opened in the company.
 
On July 5, the Prime Minister opened the second specialized workshop to support the private industrial construction sector, during which a cooperation agreement was signed between the Trade Bank of Iraq (TBI) and the German Export Credit Corporation, to finance private sector development projects.
 
Last July 20, the Prime Minister opened (4) factories for the Military Industrialization Authority, including the electric car production factory at the General Military Industries Company, implemented in partnership with the private sector.
 
Directions
 
On May 17, 2023, the Prime Minister issued a number of directives aimed at strengthening the partnership with the private sector and giving it more space in development fields.
 
Among these directives is the emphasis on partnership with the private sector, disbursing dues to private sector companies implementing projects, and providing job opportunities for young people by encouraging... Investment, attracting investors, and reviewing investment licenses granted in the governorates, in addition to giving priority to supporting the private sector and continuing to hold meetings with it.
 
The Prime Minister also confirmed on July 22, 2023, that the government has launched major projects with the participation of the private sector, such as manufacturing, petrochemical, and fertilizer industries projects, and
 
there are serious requests from local and regional companies to invest in gas, phosphate, and sulfur, in addition to integrated residential city projects, which include all economic activities.
 
Five cities were announced, and we are in the process of preparing the second phase in order to prepare them for investment.
 
He stressed that the private sector is a partner in the correct implementation of projects that address pressing service crises in all sectors.
 
While the government took steps, within its ministerial platform, to encourage the private sector, the government also worked in cooperation with the House of Representatives to legislate laws that would advance the private sector, such as the National Product Protection Law No. 11, the Consumer Protection Law No. 1, and the Competition and Antitrust Law No. 14.
 
Also, on August 1, the Prime Minister directed the formation of a committee from the departments of the Ministry of Construction, Housing, Municipalities and Public Works, which will undertake the process of opening and analyzing the offers submitted by private sector companies to build schools within the projects of the Iraq Fund for Development, as well as reviewing the contracts concluded with investors in building projects. school, auditing it, and indicating its conformity with the approved specifications and conditions.
 
Events and partnerships
 
Government support for the private sector included the participation of businessmen and women in the Iraqi-Egyptian Business Forum, which was held on June 13, 2023 during the Prime Minister’s visit to Egypt.
 
As part of government efforts to revitalize the private sector, the final statement of the joint Iraqi-Jordanian committee meeting on July 24, 2023 included support for the role of the private sector in increasing the volume of trade exchange between the two countries in the fields of industry, energy, investment, transportation, agriculture, environment, health and education, for the benefit of both countries. And the two brotherly peoples.
 
On September 3, 2023, the Ministry of Transport also signed an agreement with the International Finance Corporation (IFC) to rehabilitate and develop Baghdad International Airport.
 
It included the IFC providing consultations on the path to developing the role of the private sector and enhancing its entry into the arena of public services in partnership with the public sector and sectors facing challenges. Futurism.     https://www.ina.iq/218436--.html   

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

BRICS Intra-bank System Shook The World Bank and IMF: Is Dollar Finished?

BRICS Intra-bank System Shook The World Bank and IMF: Is Dollar Finished?

Fastepo:  10-4-2024

Another significant development is the launch of an intrabank system that demonstrates BRICS’ commitment to creating practical solutions for its members.

Russia and Iran have deepened their economic ties by connecting their national payment systems—Russia’s SPFS (System for Transfer of Financial Messages) and Iran’s SEPAM (System for Electronic Payment Messaging).

This integration allows both countries to conduct financial transactions in their own currencies, the ruble and the rial, bypassing the U.S. dollar and the SWIFT network.

The initiative is part of a larger effort to enhance economic sovereignty and circumvent Western sanctions that have limited both nations’ access to international financial systems.

Now, let’s discuss the dedollarization efforts by BRICS. The movement to reduce reliance on the U.S. dollar across the Global South is gaining momentum, particularly through initiatives led by major emerging economies like the BRICS bloc.

This surge in dedollarization is driven by the desire for financial independence and the need to mitigate risks associated with external sanctions.

https://www.youtube.com/watch?v=i2tGwtn_nwE

Friday Evening Chat With MarkZ 10-4-2024

Friday Evening Chat With MarkZ

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: TGIF……RV?

MZ:  I do have 2 bank contacts planning on working this weekend.

MZ: There are some bond folks that will be meeting with paymasters this weekend to schedule things for next week….they are very hopeful….I hope this is it.

MZ We do have a number of banks doing some upgrades through the rest of the month and through the first week of November. Many of you guys are also getting messages from your banks. Maybe this is it??.

MZ: From Iraq: “Labor issues 15,000 Mastercard cards for full time appointees” Meaning Military and those getting pensions …moving forward with the humanitarian side of their budget.

Member: Best case scenario: Let’s say the funding for your bond folks do get funded….How does that impact us?

MZ: How is was explained to me many years ago: The bond holders would start to go en masse with real money…..then in the following days we would see fines and penalties, CMKX, Farm Claims and all of those go…..then days after that we would start getting our notifications and start going to the bank…They want to keep this quiet and out of the publics eyes. Then a week or two later they would publicly announce Nesara/Gesara.  This was my understanding 15-20 years ago. It kinda feels like things are playing out that way.

Member: (From Dinar Guru) Mnt Goat  Prime Minister Mohammed Shia al-Sudani confirmed from New York that the currency sale window will close at the end of this year, while revealing the government’s intention to establish a new bank that adopts the latest technologies. WOW! WOW! We have been waiting for this for decades. Now it Is reality. Finally!!

MZ:  It’s close – no matter which way you look at it…whether it’s after the election or the first of the year….I personally think its sooner. We all have opinions.

Member: Looking forward to this being the weekend we have been waiting for.   Fingers crossed.

Member: Have a blessed night everyone.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Youtube:   https://www.youtube.com/watch?v=6kIB1oAkR9M

Seeds of Wisdom RV and Economic Updates Friday Afternoon 10-4-24

Good afternoon Dinar Recaps,

XRP ADOPTION BY BRICS AND JAPAN CONTINUES, SEC APPEAL FAILS TO DETER

▪️PDespite the SEC lawsuit, the BRICS nations and Japan have continued to show interest in XRP.

▪️PThe coin has recovered from the losses triggered by the Appeal filed earlier this week.

Despite the uncertainty in the Ripple ecosystem, the XRP coin is gaining traction from prominent stakeholders and organizations. Earlier this week, the US Securities and Exchange Commission (SEC) filed an appeal in its Ripple lawsuit, potentially extending the legal battle it initiated in 2020.

As CNF mentioned earlier, the regulator’s move quickly reverberated across the community, resulting in price drops for XRP. Despite this shift, XRP is still attractive to users.

BRICS and Japan Pushes for XRP Adoption
Amid these challenges, the BRICS Alliance, an intergovernmental organization, and Japan continue to push for XRP adoption. In an X post, renowned analyst Crypto Tank said the SEC’s appeal filing had not deterred the BRICS and Japan from embracing XRP.

“SEC appeal won’t matter. BRICS and Japan are still adopting XRP, and they don’t care about the lawsuit one bit,” says Crypto Tank. The analyst’s comments reinforced opinions that XRP is crucial to the emerging financial system.

SEC appeal won’t matter. BRICS and Japan are still adopting XRP and they don’t care about the lawsuit one bit. Brad has even stated this before. XRP is the Heart of the New Financial System no matter what. Don’t get FUDded out…

— CryptoTank (@Tank2033js) October 2, 2024

He further highlighted a previous statement from Ripple’s CEO Brad Garlinghouse, describing XRP as the heart of the new financial system. Indeed, XRP’s characteristics as a bridge asset make it a popular choice amongst businesses and financial institutions.

Unlike other traditional payment networks, XRP is easily accessible, cheap, and has low to zero friction. These characteristics make the coin a more viable option for the BRICS alliance, which was created by countries seeking freedom from the US Dollar.

The BRICS nations initially comprise Brazil, Russia, India, China, and South Africa. In 2024, five new nations, including Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates, joined the alliance. The alliance has promoted the use of local currency, thus reducing reliance on the US dollar.

Developing countries view this initiative as beneficial to their financial systems. Recently, the BRICS announced the development of its blockchain-based payment system. In a previous CNF article, Russian President Vladimir Putin says the system will enable BRICS nations to conduct international trade without interference from the Western financial systems.

Intriguingly, XRP adoption is also spreading across Japan. As revealed in a previous report by CNF, 80% of Japanese banks use Ripple for blockchain payments. This highlights the growing prominence of Ripple and XRP in the traditional financial sector.

Legal Battle Surrounding XRP
The SEC recently filed a notice of appeal against Judge Analisa Torres’s July 2023 ruling in the Ripple lawsuit. The ruling stated at the time that XRP sales to retail investors do not constitute securities transactions, giving Ripple a partial victory.

However, the court ruled recently that Ripple should pay a $125 million fine for violating securities laws through institutional sales. This amount is far less than the $2 billion the SEC had initially requested from Ripple.

With the appeal, most experts and community members expect the SEC to challenge XRP’s security classification when traded on exchanges. Notably, the regulator once filed an interlocutory appeal, which the court denied. Many community members hope the regulator will encounter a similar outcome this time.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

WILL SWIFT NETWORK’S UPCOMING TRIALS BOOST CRYPTO ADOPTION?

Here’s a look at banking network SWIFT’s upcoming trials for digital asset and currency transactions.

▪️SWIFT will conduct live trials for digital asset transactions in 2025, enhancing global finance.
The initiative aims to integrate various currency platforms for seamless cross-border transactions.

▪️The year 2024 has witnessed a surge in cryptocurrency adoption, largely driven by the launch and expansion of the ETF market.

In light of this trend, SWIFT, the global bank messaging network based in Belgium, is set to launch live trials of digital asset and currency transactions.

What benefits will SWIFT’s live trails offer?
This initiative will involve banks in North America, Europe, and Asia, connecting over 11,500 financial institutions worldwide.

Although SWIFT itself does not manage funds, its network facilitates secure communications and transactions among banks. This allows for the exchange of various financial messages.

Scheduled for 2025, these trials will mark a significant step in demonstrating how SWIFT can support the transfer of both digital and traditional assets across over four billion accounts globally.

This would showcase an advanced version of its infrastructure designed for real-world applications.

Remarking on the same, Swift Chief Innovation Officer Tom Zschach said,

“As new forms of value emerge, our intention is to continue offering our community the ability to seamlessly make and track transactions of all kinds of assets — using the same secure and resilient infrastructure that is integral to their operations today.”

For those unaware, the upcoming live trials will utilize SWIFT’s extensive global network to integrate various digital and traditional currency platforms seamlessly.

What’s more to it?
The trials will showcase how financial institutions can interchangeably transact across existing and emerging asset types.

This demonstration highlights the potential for banks to leverage their current SWIFT connections, thereby enhancing efficiency and accessibility in global finance.

Providing further insights on the matter, the firm added,

“Global financial institutions will have the ability to use Swift’s global platform to conduct pilot transactions for the settlement of digital assets and currencies.”

Additionally, SWIFT will transition from experimental trials to real-world applications of digital asset and currency transactions, beginning in 2025.

This initiative allows global financial institutions to utilize SWIFT’s infrastructure for seamless transactions across traditional and digital assets.

By enabling interoperability among currencies and networks, SWIFT seeks to simplify and secure cross-border financial exchanges.

This advancement reinforces SWIFT’s commitment to evolving in digital finance and positions it as a key facilitator of modern transactions.

Will CBDCs play a role?
That being said, SWIFT, which plays a crucial role in global banking, has been engaged in trials of both CBDCs and tokenized assets.

In March, the firm said that it would launch a new platform to connect CBDCs currently in development to the existing financial system.

As of the latest update, the SWIFT initiative involves different types of digital assets in combination across different platforms.

Therefore, Nick Kerigan, SWIFT’s head of innovation, put it best when he said,

“To successfully trade and settle a tokenised bond transaction, you need the cash and that’s where a tokenised deposit or wholesale CBDC comes in. It’s not good enough if you just have delivery or just payment, you need both.”

@ Newshounds News™

Source:  AMB Crypto

~~~~~~~~~

US CONGRESS WILL BE KEY IN DEFINING CRYPTO REGULATIONS POST-2024 ELECTION, EXPERT SAYS

With the 2024 presidential election just around the corner, crypto has gained significant momentum as a key issue in the race to the White House, especially with candidates Vice President Kamala Harris and former President Donald Trump expressing support for the digital asset industry.

However, law experts assert that it is not the US President who will ultimately determine the future of digital assets in the United States, but Congress.

Focus On Congressional Action As The Key
A recent report by Dr Tonya Evans, a professor at Penn State Dickinson Law, highlights that Vice President Harris has moved away from President Biden’s previously antagonistic approach to cryptocurrencies, largely driven by the Securities and Exchange Commission (SEC) and other regulators.

As reported by Bitcoinist, Harris now emphasizes a pro-innovation narrative, suggesting that blockchain and digital assets are crucial components of her vision for an “Opportunity Economy” to empower middle-class families and small businesses.

On the other hand, Trump has made headlines by promising to transform the US into the “crypto capital of the planet” and pledging to remove SEC Chair Gary Gensler from his position on his first day in office.

Despite these eye-catching promises, Evans believes that the President’s ability to enact meaningful change in the crypto landscape is limited.

Evans notes that the Congress, as the legislative branch of government, wields the real power to shape the regulatory framework governing digital assets. Under Article II of the Constitution, the President cannot unilaterally create laws or alter regulations.

Instead, the President’s role is primarily to enforce the laws that Congress passes and oversee regulatory agencies like the SEC and the Commodity Futures Trading Commission (CFTC).

Evans further explains that Congress must take decisive legislative action for sustainable progress in the digital asset industry. Yet, she has noted that many observers and advocates for cryptocurrency often focus their attention on presidential races, neglecting Congress’s vital role in regulation.

Bipartisan Support For Crypto Grows In Congress
Despite what has been seen as a lack of congressional action in recent years, Evans is championing a notable advancement in the legislative landscape with the passage of the Financial Innovation and Technology for the 21st Century Act (FIT21), which incorporates Rep. Tom Emmer’s Securities Clarity Act.

This law aims to provide much-needed clarity in the digital asset space by distinguishing between an asset and the securities contract to which it may be linked, which would be key in potential future cases such as one of the most notorious between blockchain payments company Ripple and the SEC.

In addition, support for crypto innovation is gaining traction in Congress. Figures like Rep. Maxine Waters (D-CA), once a critic of cryptocurrencies, now recognize the importance of engaging with emerging technologies.

At a recent town hall event, pro-crypto lawmakers urged Harris to adopt a more favorable stance toward digital assets. At the same time, Senate Majority Leader Chuck Schumer (D-NY) expressed optimism about passing bipartisan legislation.

Moreover, the StandWithCrypto.com database indicates that over 50 Democratic lawmakers, including prominent figures like Rep. Ro Khanna (D-CA), is now supportive of pro-crypto legislation.

Unlike the executive branch, the law professor said, Congress has the power to create tailored laws to meet the needs of the crypto industry. Evans concluded, “Now is the time to focus where the real power lies – on Congress.

@ Newshounds News™

Source:   Bitcoinist

  ~~~~~~~~~

🌍 El Salvador doubles down on Bitcoin, defies IMF concerns  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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Bruce’s Big Call Dinar Intel Thursday Night 10-3-24

Bruce’s Big Call Dinar Intel Thursday Night 10-3-24  

Transcribed By WiserNow Emailed To Recaps

Music. Welcome everybody to the big call tonight  - it is Thursday, October 3rd  and you're listening to the big call. Thanks everybody for tuning in all over the globe. Thank you satellite team,  or SAT Team - as I call them, for getting the signal out to many, many, many countries, maybe not all 209 but many countries around the globe. Thank you guys for doing that and getting that out, and we just look forward to getting out here on another Tuesday or Thursday night -  tonight is Thursday, and so we'll, we'll bring you the best information that we have at this time. So before we get started, let's pray the call in,

Thank you, Bob. I guess we're about 12 or 13 after the hour now and Okay, well, let's go ahead and and talk about where in the world we are with this thing.

I can tell you that  the information that came in yesterday and last night, is pointing toward today for our notifications for not only us but bond holders, both within a 24 hour period, hence a true shotgun start for bondholders in tier three and those of us in tier 4  tier 4A and tier 4B,  the Adniral’s  groups plural - and tier 4b for us on the Internet Group.

Well, so far today, we have not received any notifications. It's a little bit surprising, because the info came in yesterday. Was very definitive about us getting ready to go. And everything being ready, everything done, and now we're just waiting for the result of that. And this could turn into a weekend event.

It could be that we get tomorrow and we start exchanges tomorrow or over the weekend. So I'm not giving up on the fact that everything was just absolutely  lit up  to come in today, but for some reason, we did not get it today. I'm not quite sure. I'm really not sure at all. So we're going to try to stay on it.

And you know what happens on a Tuesday or Thursday night after the big call is over, I tend to get more information later, an hour, two hours after the big call ends - something will come in and I’ll say, Where was that at seven or eight o'clock, where was that when I could have brought it onto the call, right? And that's been the case. But regardless of that, the Ask the prospects of this going tomorrow, Saturday through the weekend, is they're very strong, very strong.

So I would say we continue to lift up the idea of everything coming in. We understand that as far as R and R goes, those are exchanging and redeeming zim, for example, that the RNR accounts are already deposited into our quantum financial account and that we will have a queue a quantum card that we will access that account with, and then we'll be able To deposit those funds from our quantum account directly into our Wells Fargo primary or Master – and then we will go from that point on with moving funds in –

Aalso, here's a point that was brought up to me yesterday that maybe I wasn't clear 0n the quantum access card - That card that I've described is three times the thickness of a normal credit card. It is / has three chips in it, computer chips, and it is designed to only move funds from our quantum account into one or two or three bank accounts, and that's it. You don't buy anything with it. You don't charge anything with it only move funds.

Now, when you get in to your redemption center appointment, and they get to the point where they're going through they've set up your Wells account, quantity in your information to get access to it, your biometric finger or thumbprint, your username and password to get into the account, your five digit PIN code tied to you, and then a new brand new email, different email, brand new email, and it's it's password to get into that. Those things all need to be set up to get into the quantum account.

What else will you get when you set up your account, your master account, or I call it, primary account, you'll receive a debit/ credit card for the Wells Fargo Bank, a debit credit card that side to your brand new account that you've just moved into - That's how you gain access to that those funds

Now you'll also have, obviously, if you're a check writing person, you can get checks, but primarily you'll wire funds from that account. You can Zell funds from that account. You can move funds. You know that are they're using your credit debit card.

My case, I think what I'm going to do is set up anything that I have that I'm using the card for. I'll make sure that whenever that card is due, allow that card to be directly debited from my primary account to pay for everything that's due that I charge or that I you know that I charge for the month, probably do it a day or two before the due date.

Make it automatic every month. Make sure it's up to go automatically. So that's paid every month. And I don't have to be in the country to do it . I don't have to just be at all. It's automatic and automatic debit from my account to pay it off. Okay, do that every month, so there won't be anything, anything late coming, no late charges or late fees or any of that noise. It's just all going to be automatic from the master account.

Okay, so just keep that in mind if that's something you might want to do. So you're going to have the two cards right away, the quantum account , you must keep it in a very safe place.  I would not put it in a safe deposit box  althou gh seems like a good option  but let's keep it if you have the ability to keep it safe with you, not on your person, too dangerous with you, but in a safe place, at home, or wherever you feel is your safest possible place to keep the quantum account. Call it that quantum account, or quantum access card

Your credit debit card - They'll print these out stamp these when you're in the redemption center. they'll make those cards for you while you're there. You should not do those to come out. Those should be stamped and printed immediately for you. And in some cases, what I'm going to try to do is make, well, the name of my trust, for example, make it, make the primary account, the Trust Bank account, if you will  - I think we can do that, and just make sure that you know you're the signatory on it, so that your signature can go when you make a charge on that card.

 Okay, so we’ll see what they let us do with that. Should be doable, and let's see. Is there anything else to bring up tonight?  I don’t think there's a whole lot else. You guys have heard it in past calls, but I did have a question about that credit debit card yesterday, and glad I was able to answer that, speaking of what's been happening in the Carolinas and what's been happening in Maui  Gosh. That was a year ago -Gosh, cannot believe what happened in Maui was a year ago, but it was actually a year ago,

So  what I’m thinking  - we're staying on top of it  - we’re doing a call, not a big call – but a private call with with Trish, and James - he was running point on on Maui. He's got additional contacts that we're going to keep in touch with over there and try to just find out exactly what the heck is going on still, even in Maui, we're gonna stay on top of what's happening in these hurricane affected zones in the Carolinas - Virginia, Tennessee, Georgia and Florida.

I think that covers the area that was the most hit. Believe so  - we're going to continue to pray for people to be recovered, to be found, and hopefully alive, and then we'll just take it one day at a time with that,

 I am hoping that the information I got yesterday that was pointing to today for notifications was just a day behind, and that all that information is still good, but not today, but maybe tomorrow.

So I think that's quite possible, like I said, I can't verify that, but I'm glad everybody is here listening tonight, and we look forward to everything going through by the weekend. So let's go ahead and pray the call out, keeping in mind that we're still lifting up Tom and Pastor Scott for full recovery from strokes.

I don't have it tonight, but we should be able to find out something. If we have a call on Tuesday, we'll see it's possible. I'm hoping this our last call, but we'll see if it is or not. Okay. Let's pray out the call now

That's everything we wanted to say thank you

Bruce’s Big Call Dinar Intel Thursday Night 9-26--24  REPLAY LINK  Intel Begins   1:08:08

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