Seeds of Wisdom RV and Economic Updates Wednesday Morning 11-13-24

Good Morning Dinar Recaps,

STABLECOIN FIRM TETHER PLOWS PROFITS INTO COMMODITY TRADE FINANCE

On Friday Tether, known as the operator of the largest stablecoin, reported its investment division completed its first trade finance transaction in October. It involved providing finance for 670,000 barrels of Middle Eastern crude oil worth around $45 million.

The credit granted was from Tether Investments, a company with $7 billion in equity funded by the profits of the stablecoin firm. Hence, it does not involve the use of stablecoin reserves. However, the Tether stablecoin was used for the payment.

“With USDT, we’re bringing efficiency and speed to markets that have historically relied on slower, more costly payment structures,” said Paolo Ardoino, CEO of Tether.

“This transaction marks the beginning, as we look to support a broader range of commodities and industries, fostering greater inclusivity and innovation in global finance.”

Tether‘s main stablecoin has a current market capitalization of more than $124 billion.

Tether comes out of the shadows
For years there were doubts about whether the Tether stablecoin was fully backed. The company makes out that these concerns are unwarranted.

 However, the New York Attorney General found that Tether misrepresented the status of the stablecoin reserves during 2018 and 2019 and banned the stablecoin from the state as part of a settlement.

During that time, Tether lent $625 million of its reserves (around a third of the total) to sister company Bitfinex exchange, which would have been insolvent without the funds. With the subsequent Bitcoin rally, Bitfinex managed to recover.

However, since Tether recently became enormously profitable earning $7 billion during the first nine months of 2024, that breach of ethics and trust seems to have been forgotten.

In another positive piece of news for Tether, the co-head of Donald Trump’s transition team is Howard Lutnick, the CEO of Cantor Fitzgerald. And Cantor looks after the $100 billion plus in Treasuries and repos that form part of Tether’s stablecoin reserves, making it an important client.

@ Newshounds News™

Source:  Ledger Insights

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BREAKING: CARDANO FOUNDER TEASES POTENTIAL PARTNERSHIP WITH RIPPLE

Cardano founder Charles Hoskinson hints at a Ripple partnership, praising CEO Brad Garlinghouse amid calls for crypto unity and regulatory clarity.

▪️Hoskinson praises Ripple's Garlinghouse, hinting at a potential Cardano-Ripple partnership amid regulatory calls for industry unity.

▪️Nerayoff criticizes Hoskinson's Ripple remarks, accusing him of political motivations and rewriting past controversies.

▪️Ripple-Cardano potential partnership aims to bolster market positions amid regulatory challenges.

Cardano founder Charles Hoskinson has hinted at a potential collaboration with Ripple, sparking excitement across the crypto community.

In a recent post on X (formerly Twitter), Hoskinson praised Ripple CEO Brad Garlinghouse, calling him a “great CEO” and describing their interaction as “extremely collaborative.” This public exchange has fueled speculation that Cardano and Ripple might explore a strategic partnership.

Will Cardano Founder Partner With Ripple CEO?
Cardano founder Charles Hoskinson’s recent comments align with growing calls for collaboration in the cryptocurrency industry.

In his post, the Ripple CEO Brad Garlinghouse was in agreement with this saying that it was time for the crypto community to ‘unite’ to push for a ‘level playing field’ as well as clear regulation. 

He pointed out that the market should have obvious “rules of the road” to create a level playing field for all crypto assets and companies “A rising tide lifts all boats,” Garlinghouse wrote, positing that a unified crypto industry would be beneficial to the whole system.

This message of unity comes at a time when regulatory pressures and market challenges continue to affect the crypto sector. Ripple, in particular, has been embroiled in a long-standing legal battle with the U.S. Securities and Exchange Commission (SEC), a case that many believe could set an important precedent for the industry.

With Hoskinson’s endorsement and Garlinghouse’s call for collaboration, the potential Ripple-Cardano partnership might aim to strengthen both companies’ positions in the market and support regulatory reform efforts.

Steven Nerayoff Blast Cardano Founder Stance
Cardano founder Charles Hoskinson’s positive remarks about Garlinghouse and Ripple reflect a shift from his previously critical stance on XRP and its community. However, not everyone in the crypto community is enthusiastic about this potential partnership. 

Steven Nerayoff, a figure in the blockchain space, has accused Charles Hoskinson of engaging in “damage control” rather than genuine support for Ripple and the XRP community.

He referenced years of perceived hostility from Hoskinson towards Ripple and questioned the timing of Hoskinson’s recent support.

According to Nerayoff, Hoskinson’s remarks signal a “sudden patriotic pivot” that he claims lacks authenticity, suggesting that Hoskinson is motivated by self-interest rather than a true desire to support the industry. He stated,

“Your hollow ‘apology’ to the XRP Community falls flat,”

“Your sudden patriotic pivot and vague ‘Trump Team’ hints reek of desperation,” Nerayoff stated. He argued that Hoskinson’s recent comments are part of a broader effort to “mislead” the public about his role in the crypto community, particularly around key issues like regulation and industry growth.

Accusations of Undermining and Creating Conflict
Nerayoff did not shy away from confrontation and accused Hoskinson of trying to undermine him and Ripple for the past few years. He accused Hoskinson of creating conflict within the crypto industry and spreading “false narratives” to elevate his own projects.

Nerayoff claimed that Hoskinson’s actions have been divisive, and that he has contributed little to the blockchain space other than “pumping his own bags” and fostering animosity.

“You made great efforts to discredit me…Yet it was you who sought my help to make crypto legal,” Nerayoff said, pointing to his early work such as the development of the token utility model and ICO structure which helped to facilitate Ethereum’s growth. He further called Hoskinson as a person who is “free-riding” and a “false prophet” in the blockchain ecosystem.

Charles Hoskinson Highlights Vision for Unity
Hoskinson responded to Nerayoff’s accusations directly, dismissing them in a follow-up post.

“All right, Steve, you just proved everything everyone says about you is true. Best of luck in life,

Concurrently, just hours after expressing admiration for Garlinghouse, he tweeted, “You know what’s unstoppable? When the entire crypto space comes together and unifies to take the industry to the next level.” He continued, “We won’t stop for a rest until there are a billion blockchain users.”

Moreover, Pro XRP lawyer John Deaton has commended the potential collaboration citing a bright future should this milestone be accomplished.

In addition, Ripple CEO Brad Garlinghouse has recently expressed optimism about Ripple’s future, despite the prolonged legal battle with the SEC. In his post, he acknowledged the challenges that Ripple and the XRP community have faced, describing the journey as “frustrating” but expressing hope for “light at the end of the tunnel.”

@ Newshounds News™

Source:  CoinGape

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🌱IS MY MONEY SAFE? WHAT IS GOING ON WITH THE DOLLAR?  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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News, Rumors and Opinions Wednesday AM 11-13-2024

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 Wed. 13 Nov. 2024

Compiled Wed. 13 Nov. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Tues. 12 Nov. 2024 Wolverine: “I went to a meeting and was told it was defiantly happening. Don’t know when, but it is definitely happening. I am not allowed to say much but we will certainly have a wonderful Christmas….I was just informed by B that our closing schedule will be released by the Admiral on or before Sunday midnight (17 Nov. 2024). That will be final.”

Tues. 12 Nov. 2024 Bruce: A Redemption Center person was told that within the next three days they would get an announcement from the US Treasury. Then the Redemption Center Leaders would receive an email from Wells Fargo which would give them the start time for Tier4b (us, the Internet Group).

Tues. 12 Nov. 2024: Economic Bombshell! Trump Drops a BOOM on Big Banks: 10% Cap on Credit Card Interest Rates! Record-High Interest Rates? NOT Anymore! Trump’s 10% Cap is Here to Rescue Americans! – amg-news.com – American Media Group

Tues. 12 Nov. 2024: BOOM! Ripple CEO Confirms Game-Changing Meeting with Trump: National Bitcoin Stockpile & Pro-Crypto Agenda Revealed! – amg-news.com – American Media Group

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Tues. 12 Nov. 2024 NESARA GESARA is often discussed as a transformative series of financial and political changes with significant and wide-reaching effects. Here’s a reorganized version of the impactful elements associated with NESARA GESARA you mentioned: …Nesara Gesara on Telegram

Financial Reset – Debt Forgiveness: All personal debts including mortgages, loans, and credit cards will be erased as part of a major financial reset, addressing long-standing financial inequities.

Tax Reform – New Tax System: The end of the IRS and the introduction of a 14% flat tax on non-essential goods, significantly altering how taxes are collected.

Monetary System Overhaul: The Federal Reserve will be dismantled, and a new “Rainbow Currency” backed by precious metals will be introduced, replacing current currency.

Humanitarian Initiatives: Extensive funding for global humanitarian projects to improve life quality worldwide.

Restitution for Past Wrongs: Restitution and redemption processes will address past constitutional violations and redistribute wealth from elites to the public.

NESARA GESARA: Envisioned as a global reset, these reforms aim to dismantle the old order and decentralize power, returning it to the people with comprehensive changes across finance, law, and societal structure. This plan is described as a blueprint for a worldwide revolution, emphasizing empowerment and justice.

Each of these points reflects significant shifts proposed under NESARA GESARA, highlighting its ambitious nature and the broad scope of its intended impact.

Read full post here:  https://dinarchronicles.com/2024/11/13/restored-republic-via-a-gcr-update-as-of-november-13-2024/

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

Sandy Ingram  Zimbabwe's new currency is set to trade on the Forex market.  [Why do] We discuss why we watch the ZIG currency so closely...when most of are IQD investors [?]...We watch the Zimbabwe's currency because, like Iraq...Zimbabwe had a currency where it took $1.47 to make one Zimbabwe dollar.  (Iraq's currency was over 3 IQD to $1.00 before 2003).   Like Iraq, the country ran into hardship and was devalued and spiraled downward.   We watch Zimbabwe and other developing countries currency for ideas on how Iraq may handle its currency revalue, float, reinstatement or central bank digital currency...Zimbabwe has lots of gold and Iraq has lots of oil...Zimbabwe plans for its gold-backed currency to trade on the Forex market.  However they did not tell us when this event will happen...

Militia Man Article quote:  Alaq says... "When we reach the point where everyone is headed towards using the official and fundamental channels in the transfer process then we find no room for there to be two prices for the dollar."  That's when he'll make his move.  If he's not ready now, when will he be?  I don't know.  That's his call.  It's on him to know the marketplace.  When is the safest time to do it?  He's saying over the passage of time it gets shorter and shorter because the people are using the system properly.  Once he changes the exchange rate I think that market, the two prices, go away like that,  *snap*.

Dollar in a Death Spiral, Gold and Commodities to Take the Reins

VRIC Media:  11-12-2024

Doug Casey and Todd Horwitz have high hopes for America with President Trump at the helm, but they also realize there is no fixing the ballooning debt and deficits, out-of-control government spending, and the inevitable collapse of the US dollar, and that's where gold and commodities will enter the picture.

The duo discuss why commodity prices are poised to ramp up, which commodities they're watching closely, why they think inflation is just getting started, and much more.

00:00 Introduction

00:59 Trump Presidency and Markets

05:43 State of Broad Market

11:09 Gold, Silver, Energy

21:10 Uranium, Agriculture, Coal

28:10 Collapse of German Government

32:02 Inflation Isn't Going Away

37:55 The West Versus BRICS

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

“Tidbits From TNT” Wednesday Morning 11-13-2024

TNT:

Tishwash:  Private Banks Association: Iraq to adopt advanced trade finance system by end of 2024

The Iraqi Private Banks Association announced, on Wednesday, a move to adopt an advanced trade finance system by the end of the year.

The Executive Director of the Iraqi Private Banks Association, Ali Tariq, told the official agency, which was followed by "Al-Eqtisad News", that "work on the foreign trade financing platform began at the beginning of 2023 and is witnessing significant development," indicating that "it is expected that by the end of the year there will be a transition to another more advanced and accurate system to enhance control over foreign transfers related to trade."

He explained that "the new system will depend on correspondent banks instead of the current mechanisms, as each bank will have the ability to conduct transfers according to its capabilities and possession of correspondent accounts, whether in American banks or other banks that provide transfer services in different currencies."

He added, "This process will remain the same for the public and merchants wishing to transfer, as the requirements will not change significantly, but the accuracy of transfer operations will improve through the activation of control systems and regulations imposed by correspondent banks."

He stressed that "this transformation will increase public confidence in the Iraqi banking sector, as local banks will adhere to the instructions and mechanisms of international correspondent banks, which will enhance work within strict international systems and agreements."  link

Tishwash:  "Thousands of them are suspended" .. Draft laws challenge the remainder of the life of the current parliament

Former MP Hussein Al Aqabi confirmed the existence of thousands of suspended laws that need to be amended and cancelled, while he considered the draft laws an update for what remains of the life of the current parliament.

Al-Aqabi said, during his hosting in the {Free Talk} program broadcasted by Al-Furat satellite channel this evening, that: "We have a problem in the public authorities of the Iraqi state and it is concentrated in the legislative authority in which the form of the political conflict crystallizes and is in the sight and hearing of the public."

He added, "The outcomes of the electoral process since its formation until today do not match the size of the challenges we are experiencing today, especially in parliament, and the political forces do not follow up on their members in the legislative house and there are fundamental problems and important legislation that requires laws of high quality in terms of substance and content."

Al-Aqabi explained that "we have thousands of laws that are not legislated or need to be amended or cancelled and all these challenges go back to competent figures and the internal system must be activated, and Parliament Speaker Mahmoud Al-Mashhadani is supposed to play his pivotal role, especially with regard to the work of parliamentary committees and independent bodies."

He continued, "The vast majority of members of the House of Representatives do not read the budget law and quotas cannot be bypassed, but the most competent must be chosen, while the real estate law has not been presented in detail in the House of Representatives."

Al-Aqabi continued, saying, “According to the statement of Prime Minister Mohammed Shia al-Sudani, there is a desire to change a number of ministers. As for the leaks, some of them were made through simple eavesdropping devices, and others show a political aspect. This is a disregard for the issue of corruption, which makes them public actions that do not require supernatural abilities to uncover them. The reason is that whoever feels safe from punishment misbehaves.”  link

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Tishwash:  Gold reserves boost confidence in national currency

Baghdad: The pillar of the emirate 

Gold plays a vital role in the monetary reserves of countries for several reasons related to financial stability, hedging against economic risks, enhancing confidence in the national currency, as well as being an effective tool for hedging against inflation. This prompted the Central Bank of Iraq, on several occasions and in successive years, to increase its gold reserves, which reached 148 tons and 305 ounces.  

Regarding the reason that prompted banks to rely on the yellow metal and nothing else, financial expert Mahmoud Dagher explained to “Al-Sabah” that the reason central banks, including the Central Bank of Iraq, increased their purchases of monetary gold is because it is suitable as a reserve compared to industrial gold, indicating that the Chinese Central Bank and the Indian Reserve are among the largest buyers of gold in the world.

Total reserves

Dagher added that the Central Bank of Iraq has increased its gold holdings more than once during the past two years, the last of which was in the first quarter of 2024, until the total gold reserves reached 148 tons and 305 ounces after the last deal in May 2024 by 2 tons and 644 ounces. 

Bank assets

He explained that although gold is not the best asset for generating returns when investing compared to currencies, deposits and securities that are permitted to be acquired within the assets of central banks, it is a haven for balance between other assets whose values ​​are affected by the nature of the economic cycle (recession and inflation), noting that the price of gold decreases during recession and increases during inflation, reflecting its balancing role.

Global trend

He added that gold is also a haven when currencies fluctuate sharply against each other, as happened in the last two years for the ruble, yuan and rupee, and thus reduces the impact of what is called currency risk, pointing out that the Central Bank of Iraq did not deviate from the global trend in buying gold despite the rise in its price accompanying the global wave of inflation that hit major economies until it approached 10%; because the rule of purchasing assets by central banks is based on the principle of buying the asset when its price falls in the hope of selling it when it rises, which did not happen with gold because expectations during the last two years were towards an increase in gold prices in addition to the continued significant fluctuation of currencies among themselves.

Avoid inflation

For her part, the economic affairs specialist, Dr. Ikram Abdul Aziz, said that Iraq is the fourth Arab country in possessing large quantities of gold as an element indicating the soundness of the Iraqi economy, indicating that gold and hard currency reserves become a supportive means and an important framework for hedging and avoiding inflation and rising prices.

Abdul Aziz added, in an interview with "Al-Sabah": Gold and foreign currency work to preserve the value of money and the resulting interest; therefore, countries seek to own large quantities of gold, noting that owning large quantities of gold reserves in light of the current fluctuations, geopolitical changes and the situation of the Iraqi economy is a safe haven to preserve value and hedge against inflation.

Development paths

She explained that the presence of large quantities of gold at the Central Bank of Iraq is an important element in limiting dollar control and reducing instability, noting that Iraq achieved this increase in its gold reserves to serve development paths.

She added that the Central Bank of Iraq has a variety of reserves, including gold, whose stock is an effective means and a basic pillar for maintaining purchasing power, stressing that the presence of strong reserves and their diversity in the investment portfolio of the Central Bank of Iraq is a basic pillar and a factor that limits the rise in prices and hedges against inflation, and thus confidence in the existing economic system is achieved. link

Mot:  Even More ""Marital Tips"" frum da Internet fer Ya!!!

Mot: Granma needs you  

Iraq Economic News and Points to Ponder Tuesday Evening 11-12-24

Iraq on the list.. Arab countries top the 5 largest global oil deals

Iraqi oil refinery  Energy   Economy News -  Three Arab oil-producing countries topped the list of the top 5 oil deals in November.  The United Arab Emirates topped the list of the top 5 oil deals last September, the same month that witnessed a clear decline in global oil prices, which fell from $76 per barrel to less than $69, the lowest level in 3 years.

The list of the five largest oil deals last October included Saudi Arabia, the UAE, and Iraq, in addition to the United States, one of whose companies led a giant deal, while the other deal was on its territory, according to Energy magazine.

The deals completed by the three Arab countries varied between acquisition, sale and purchase, investment in giant oil fields, in addition to establishing important production units.

Saudi Arabia topped the list of the five largest oil deals last October, with an important deal between its two companies, Addis and Aramco, to operate the Addis 13 and Addis 14 platforms, worth 946 million riyals (251.92 million US dollars).

The UAE's ADNOC entered the list of the top 5 oil deals last October, after it was able to complete the acquisition of a significant stake in Fertiglobe, which is the largest marine exporter in the field of petrochemicals, specifically fertilizers and urea.

According to the article published in Energy magazine, an indirect deal pushed Iraq to the list of the top 5 oil deals in October 2024, as Iraq is scheduled to export oil to the Czech Republic. https://economy-news.net/content.php?id=49751

Oil Prices Rebound Again After Days Of Decline

Economy  | 04:57 - 12/11/2024  Mawazine News – Economy  Oil prices rebounded in global markets after days of decline.   The price of a barrel of Brent crude rose about 1%, recording $72.54 per barrel by 4:30 Baghdad time.

The price of a barrel of US crude reached $68.60 per barrel, recording an increase of more than 1%.

Oil prices fell earlier, as the market was affected by investors’ disappointment with the latest Chinese stimulus plan and concerns about oversupply, in addition to the strength of the dollar. https://www.mawazin.net/Details.aspx?jimare=256557

A Significant Decrease In The Dollar Exchange Rate In Local Markets In Baghdad

Economy |12/11/2024  Mawazine News – Economy The US dollar exchange rate witnessed a noticeable decline, Tuesday morning, in Baghdad markets.

The Al-Kifah and Al-Harithiya stock exchanges in Baghdad opened at low prices, recording 150,150 dinars per 100 US dollars, compared to yesterday's price, Monday, which amounted to 150,650 dinars per 100 dollars.

In exchange shops in Baghdad, the selling price of the dollar recorded a decline to reach 151,000 dinars, while the buying price reached 149,000 dinars per 100 US dollars. https://www.mawazin.net/Details.aspx?jimare=256553

Trade: A Monitoring Campaign To Monitor Strategic Stocks And Ensure Price Stability In The Markets

Money and business  Economy News – Baghdad  The Ministry of Commerce announced, on Tuesday, the launch of a campaign to monitor food agents in all governorates and ensure price stability in the markets.

The Director General of the Commercial and Financial Control Department at the Ministry of Trade, Riyadh Al-Moussawi, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "a wide campaign was launched to follow up on food agents in all governorates," noting that "the campaign came under the direction of the Minister of Trade to ensure price stability and daily monitoring of local markets, including the capital, Baghdad."

He explained that "the number of food agents has reached about 54 thousand agents, and that the Commercial and Financial Control Department continues its daily work according to specific plans and programs, and the campaign focuses in particular on following up on food agents."

He pointed out that "the campaign came before the launch of the eighth food basket, in order to inspect food warehouses and ensure the strategic stock and stock for next year, in addition to addressing any problems or difficulties that agents may face to ensure smooth work." 57 views  Added 11/12/2024 - 4:30 PM  https://economy-news.net/content.php?id=49743

Parliament Speaker Calls For Joint Cooperation And Strengthening Relations Between Iraq And The United Kingdom

Tuesday 12 November 2024 17:03 | Politics Number of readings: 104   Baghdad / NINA / Speaker of the Council of Representatives Mahmoud Al-Mashhadani called for joint cooperation and strengthening relations between Iraq and the United Kingdom.

The media office of the Speaker of Parliament stated: "Al-Mashhadani met in his office today with the British Ambassador to Iraq, Stephen Hitchcock, and during the meeting, congratulations were offered on the occasion of his assumption of the position of Speaker of the Council of Representatives."

Al-Mashhadani discussed with the ambassador the developments in the region and the world that are of common interest.

Al-Mashhadani stressed the necessity of joint cooperation and strengthening bilateral relations in a way that achieves mutual benefit and common interests between Iraq and the United Kingdom.https://ninanews.com/Website/News/Details?key=1168652

Population Census In Iraq: Key To Economic Development And Social Justice

Posted on 2024-11-12 by sotaliraq   Economic expert Taha Al-Janabi stressed the importance of conducting the population census in Iraq on time, noting that it is a vital step to ensure sound and sustainable planning in various economic and social fields.

He explained that “the population census is considered an essential tool for collecting accurate and comprehensive data on the population size and its geographical and demographic distribution, which contributes to improving the quality of public services and directing investments more efficiently.”

The economist said, “The data extracted from the population census provides an accurate knowledge base on population needs in different regions, which helps in directing government resources fairly.”

He added, “This data contributes to determining development priorities for areas with high population density, which may need more investments in infrastructure such as schools, hospitals and transportation.”

Al-Janabi pointed out that “the population census plays an important role in attracting investments, as investors rely on this data to determine target markets and available opportunities in each region, which contributes to stimulating economic growth and providing job opportunities.”

He also pointed out the importance of the census in supporting social support programmes, as it can be used to identify the groups most in need of financial and service assistance, which contributes to improving living standards in the poorest areas.

He stressed that “conducting the population census on time is an important element in sustaining economic growth in Iraq, and contributes to achieving sustainable development goals by providing strategic information that supports decision-making in economic policies and future planning.”

It is noteworthy that Iraq has not conducted a comprehensive population census since 1997, which makes conducting a census in the coming period a necessary step to develop future development policies and achieve economic stability.  LINK

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

Seeds of Wisdom RV and Economic Updates Tuesday Evening 11-12-24

Good Evening Dinar Recaps,

ITALY LOWERS PROPOSED CRYPTO TAX HIKE TO 28%: REPORT
Italy’s government is considering lowering its proposed tax hike on crypto trades, reducing the planned rate increase from 42% to 28%.

This shift comes as Prime Minister Giorgia Meloni’s coalition appears inclined to amend the tax proposal, which was initially part of October’s budget plan, to support the country’s growing digital asset sector, according to Bloomberg.

Italy’s steep crypto rate increase
Currently, crypto transactions in Italy face a 26% tax, but officials had proposed raising this to 42% to boost public finances.

Crypto industry executives, however, voiced concerns, arguing that such a steep tax rate could harm Italy’s competitiveness, especially as the European Union prepares to roll out comprehensive crypto regulations under the Markets in Crypto-Assets framework later this year.

The League, a junior party in Meloni’s coalition, proposed the 28% limit to balance the need for public revenue with industry growth, according to Bloomberg.

Forza Italia, another coalition partner, suggested eliminating the tax hike entirely for gains under €2,000 to encourage local participation in cryptocurrency without imposing heavy taxes. Both amendments aim to create a more favorable environment for Italian crypto investors.

This adjustment could strengthen Italy’s crypto market as other countries experiment with their own tax policies.

@ Newshounds News™

Source:  Crypto News

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XRP NEWS: LEGAL EXPERT SAYS RIPPLE LAWSUIT CAN STILL BE WITHDRAWN OR SETTLED

The long-running legal case between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) could finally come to a close soon, especially with the recent election of President Donald Trump, whose pro-crypto stance could lead to a more favorable regulatory environment for digital assets.

If Trump appoints a new SEC leader who is more open to cryptocurrencies, it could accelerate the resolution of Ripple’s legal issues, potentially settling the case for the $125 million fine that was initially offered. This shift in leadership could also help clarify regulatory guidelines for digital assets, which would likely boost market confidence and institutional interest in Ripple’s technology.

Ripple’s legal victory, which ruled that XRP is not a security, was an important milestone for the company, although the SEC’s appeal is ongoing. Amid the confusions of the latest appeal, a user took to social media and asked, “Can the lawsuit still be settled or withdrawn after it has been put in front of the appeals court?”

Legal expert and attorney Fred Rispoli reacted and answered the above-mentioned question.

He wrote,

“Yes. Withdrawn or settled at any time. Withdrawn is unrealistic though. Likely to be settled.”`

What’s Next For XRP?
Currently, XRP is priced at around 60 cents, showing steady growth, with key support levels at 56 cents and 54 cents. The altcoin is up 19 percent this week, thanks to Trump again. Bitcoin has captured the $88k mark and is now heading towards the $90k level.

If Ripple’s case is resolved positively, XRP’s price could see a significant increase as clarity on regulations would attract more investors and institutions. CEO Brad Garlinghouse remains hopeful that a clearer regulatory framework will benefit Ripple and increase the adoption of XRP in global banking.

@ Newshounds News™

Source:  Coinpedia

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🌱 COMMUNISM? TITLE 28 RULE 1 THE 45 COMMUNIST GOALS AS READ INTO THE CONGRESSIONAL RECORD 1963  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

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Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

FRANK26….11-12-24…..FLIP THE SWITCH !!!

KTFA

Tuesday Night Conference Call

FRANK26….11-12-24…..FLIP THE SWITCH !!!

This video is in Frank’s and his team’s opinion only

Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.  

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

https://www.youtube.com/watch?v=whw2DqYvCuk

Tuesday Evening News With MarkZ 11-12-2024

Tuesday Evening News 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: Good evening Mark, mods and all yall fine folks! Exciting day for the IQD!!!

Member: I hear They are testing things again. The exchange rate on Google went to .076 for a few minutes.

MZ: Yes it did show that for awhile and then went back to 1310…..In other words moved a couple of decimal places….This is important. We can’t exchange yet but it shows they are testing the system. At this rate 1 million IQD would be worth about $76,000!!!  Testing is underway.

Member: I heard the real value of the Dinar will not be on the Forex until after we start.

Member: Why would the test rate fluctuate so much? Couldn’t they just adjust it by a coupe of numbers to test it?

MZ: No, because they test it against a basket of goods. It’s like when you throw a big rock in a pond –you see the waves or ripples…..if you throw 2 rocks the waves or ripples hit or overlap each other….Now they are talking about changing many rates so that would be many ripples or waves . They need to see what the rate will do with all the other currencies it is related to.

Member: How will the good and products change price in Iraq once the new exchange rate comes out? Like the price of bread at the $1310 rate vs say $3.50 rate

MZ: We heard about 9-10-months ago in Iraq that they created a committee to help in stores, markets ect….to help them reprice goods and services with the fluctuation of the currency price. They have a whole division inside the government to help with that process.

MZ: Lets get to some news. “The Prime Minister is to visit the Kurdistan region tomorrow . He revealed his agenda of talks”  This has HCL written all over it. All the HCL things that had stalled- Sudani is going there in person to the Kurdish region to get them off of “Stuck”

MZ: I hear there is a massive push right now to push the HCL agreements through so they can change the valuation. This news really fits with the flucuating exchange rates we saw today.

MZ: “ Jump in gold reserves: Iraq exceeds 150 tons of “Cash Gold” This is liquid and where they can spend dinars backed by gold

MZ: They also have the UN a little off kilter – Iraq is carrying more gold then the guidelines say they should. I think Iraq is preparing for something.

MZ: “CBI announces program in dollar control measures”  They are becoming safe, secure and stable.

Member: My guess for the new Dinar rate is $5.12

MZ: That would now surprise me.

MZ: Nothing fresh from bonds and F&P’s (Fines and penalties)

Member: Any word from your redemption center folks?

MZ: I usually don’t hear from them until later in the week…but I will make it a point to see if there is any chatter going on this week already.

Member: Thank to all tonight…..have a blessed evening everyone.

Member: Sweet RV dreams to us all.

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=46vzoJeGHPs

Economist’s “News and Views” 11-12-2024

FED EXPOSED: Congress Should Fire Powell, Fed in US Politics & Declining Economy | Ryan McMaken

Lena Petrova:  11-12-2024

Does the Federal Reserve want independence to serve the interests of the banker class? What role has the Federal Reserve played in US politics, and how does it enable the US government's out-of-control spending?

Why should the Fed be banned from purchasing assets?

Ryan McMaken and I discussed whether the Trump administration would seek Fed Chair Jerome Powell's resignation, how the Fed has enabled government spending on programs that do not benefit the American people, its role as a servant of the banker class, and whether it should be abolished.

Ryan shared many important insights into the state of the US economy, the labor market, the Fed's goal with inflation, and what it all means for the US population.

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

Shocking Truth: "The Monetary System Controls Us, Not Politics!" Mike Maloney

11-12-2024

In this eye-opening discussion, Mike Maloney and Alan Hibbard dive deep into how the monetary system—not which party is in power—shapes our economic reality.

From the role of sound money to the impact of the Federal Reserve, they reveal why inflation and debt continue to rise regardless of political leadership.

Learn how fiat currency and systemic monetary incentives trap the middle and lower classes, and why central banking plays a significant role in driving these economic challenges.

 This video sheds light on the economic forces at play and why real change depends on addressing the core of our monetary structure.

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

WARNING: Buffett Selloff As Market Greed Peaks (Not Seen Since 2007)

Taylor Kenny:  11-12-2024

Warren Buffett has amassed an extraordinary cash reserve at Berkshire Hathaway, reminiscent of the period before the 2008 financial crisis. But what is he anticipating?

 In this video, we delve into Buffett’s recent moves, including the sale of significant holdings in Apple and major banks, and what it could signal for the stock market.

Discover why Buffett’s caution could be a critical indicator of deeper market risks and how you can safeguard your wealth against future uncertainties.

CHAPTERS:

00:00 Introduction to Buffett’s recent cash accumulation

00:36 Buffett’s view on banking and risky practices

01:48 Why Buffett is selling Apple shares

 03:03 Positioning for opportunity beyond the crash

 04:11 Lessons from the 2008 crisis and gold’s role

05:16 “Be fearful when others are greedy” – Buffett’s mantra

06:28 Bank sell-offs and Buffett’s cautious stance

07:36 Clues about global market instability

08:44 Risks of unrealized losses in banking

https://www.youtube.com/watch?v=RMpEaok7Vt8

Iraq Economic News and Points To Ponder Tuesday Afternoon 11-12-24

An Economist Identifies A Main Reason Behind The Rise In The Dollar Exchange Rate
November 11 11:46  Information / Baghdad..  Financial and banking researcher Mustafa Hantoush confirmed today, Monday, that demand in the parallel market is the reason behind the rise in dollar exchange rates.
 
Hantoush said, in an interview with the Maalouma Agency, that  "the main reason for the rise in the exchange rate of the dollar against the Iraqi dinar is the demand in the parallel market."

He added that "the huge trade with neighboring countries and the number of travelers estimated at millions caused an increase in demand in the parallel market," noting that  "some small merchants do not have licenses or companies to import."

He stated that "fears of wars in the region push merchants, markets, and citizens to exaggerate the quantities imported and purchased, and also push some to save dollars." He continued:  "There are no problems in the Iraqi supply chains from (Türkiye, Canada, Australia, China and India), as well as there are no concerns about the liquidity of the dollar in Iraq." 
 
https://almaalomah.me/news/82233/economy/اقتصادي-يحدد-سببا-رئيسا-وراء-ارتفاع-صرف-الدولار   

Among Them Is Iraq...The Country That Buys The Most Gold

Time: 11/11/2024 14:01:55 Read: 1,716 times  {Economic: Al-Furat News} Governments store thousands of tons of gold bullion in their vaults, as the precious metal is considered a safe haven. Iraq has become among the countries in the world most eager to buy gold and enhance its reserves of the yellow metal.

 The RBK economic website published a report, based on data from central banks around the world, the International Monetary Fund, the World Bank, and the World Gold Council, which shed light on countries’ purchases of the yellow metal in the period from 2013 to 2023.

According to the report, purchases of central banks in the world at the end of 2023 amounted to approximately 1,037 tons of gold, which is the second largest volume ever purchased on an annual basis.

 The report showed that Russia, China, and Turkey were at the forefront of countries buying gold in the aforementioned period, as purchases of the three countries amounted to 2,903 tons of the resonant yellow.

 The following is a classification of the countries that buy the most gold in the period from 2013 to 2023:

https://vod3.alforatnews.iq/upload/2024-11/2b93226186a26399f98c5370a523b91b.jpg

 [Graph lists Iraq 9th having purchased 100 Tons of Gold 2013-2023]

 https://alforatnews.iq/news/بينها-العراق-أكثر-الدول-شراءً-للذهب     

Gold Reserves Enhance Confidence In The National Currency
 
Economical 11/12/2024  Baghdad: the mainstay of the emirate
 Gold plays a vital role in countries' monetary reserves for several reasons related to
 
     financial stability,
     hedging economic risks, and
     enhancing confidence in the national currency, as well as
     being an effective tool for hedging against inflation.

Which called on the Central Bank of Iraq several times and in successive years to enhance its balance of gold reserves, which reached 148 tons and 305 ounces.
 
Regarding the reason that prompted banks to rely on the yellow metal alone, financial expert Mahmoud Dagher explained to “Al-Sabah” that
 
the reason for central banks, including the Central Bank of Iraq, to ​​increase their purchase of monetary gold is because it is suitable as a reserve compared to industrial gold, indicating that the Chinese Central Bank and the Indian Reserve One of the largest buyers of gold in the world.

Total reserves

Dagher added that the Iraqi Central Bank increased its acquisition of gold more than once during the last two years, most recently in the first quarter of 2024, until the total reserves of gold reached 148 tons and 305 ounces after the last deal in May of 2024, amounting to 2 tons and 644 ounces.
 
 Bank assets
 
He explained that although gold is not considered the best asset for achieving returns when investing compared to the currencies, deposits, and securities that are allowed to be acquired within the assets of central banks, it is a haven for balance among other assets whose values ​​are affected by the nature of the economic cycle (recession and inflation), indicating that
 
gold is declining. Its price during recession and rises during inflation, reflecting its balancing role.

Global trend 

He continued that   gold is also a haven when currencies fluctuate against each other greatly, as happened in the last two years for the ruble, yuan and rupee currencies, and  thus reduces the impact of the so-called currency risks, pointing out that the Iraqi Central Bank did not deviate from the global trend in purchasing gold despite The rise in its price accompanied the global inflation wave that hit the major economies until it approached 10%.

Because  the rule for purchasing assets by central banks is based on the principle of buying an asset when its price falls in the hope of selling it when it rises, which did not happen in gold because expectations during the last two years were for gold prices to rise, in addition to the continued significant fluctuation of currencies among them.

Avoid inflation
 
For her part, the specialist in economic affairs, Dr. Ikram Abdel Aziz, said that  Iraq is the fourth Arab country in possessing large quantities of gold as an element indicative of the health of the Iraqi economy, indicating that
 
gold and hard currency reserves become a supportive means and an important framework for hedging and avoiding inflation and high prices.
 
Abdel Aziz added, in an interview with “Al-Sabah”: that  gold and foreign currency work to preserve the value of currency and the interest it accrues;
 
Therefore, countries seek to possess large quantities of gold, noting that possessing large quantities of gold reserves in light of the current fluctuations, geopolitical changes, and the situation of the Iraqi economy would be a safe haven to preserve value and hedge against inflation. She explained that the
 
Developmental paths
 
presence of large quantities of gold with the Central Bank of Iraq is an important element in reducing dollar control and reducing instability, noting that  Iraq achieved this increase in its gold reserves to serve development paths.

She continued that the  Central Bank of Iraq has a variety of reserves, including gold, whose stock is an effective means and a basic pillar for maintaining purchasing power, stressing that the presence of strong reserves and their diversity in the investment portfolio of the Central Bank of Iraq is a basic pillar and a factor restraining the rise in prices and hedging against inflation, and thus confidence in the economic system is achieved. Al-Qaim.    https://alsabaah.iq/105777-.html   

Gold Reserves Jump: Iraq Exceeds 150 Tons Of 'Cash Gold'

Time: 2024/11/12 16:22:16 Read: 1,781 times  {Economic: Al Furat News} The economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed today, Tuesday, a jump in Iraq’s gold reserves after it exceeded 150 tons of gold.

Saleh told {Euphrates News} that: "The cash gold in Iraq's foreign reserves constitutes a percentage that may not exceed 10% to 11% of the total investment portfolio management of those reserves."

He added, "This percentage is usually determined by the standard guidelines issued by the International Monetary Fund on how to manage the optimal sovereign investment portfolios according to risk management and their distribution between liquid and semi-liquid assets and official cash gold.

" Saleh explained, "The latest information indicated that our country's balance of official cash gold may have exceeded the barrier of 150 tons of pure gold."

Gold prices rose slightly on Tuesday, but remained hovering around the lowest level in a month, while investors await US economic data and comments from Federal Reserve officials for more clarity on the path of interest rates.

Spot gold rose 0.2% to $2,624.17 per ounce after recording its lowest level since October 10 on Monday. U.S. gold futures gained 0.5 percent to $2,630.10.

The dollar held near a four-month high as bets on President-elect Donald Trump’s policies continued to weigh. A stronger dollar makes gold less attractive to holders of other currencies.

Among other precious metals, spot silver was little changed at $30.70 an ounce. Platinum fell about 0.2 percent to $962.80, while palladium was steady at $980.34.  LINK

The Capital Of Private Banks In Iraq Increased By 7.3% 

 Economy      breaking     Central Bank of Iraq     Private banks     High capital

2024-11-11 00:21   Twilight News/ And he said The bank, in a report seen by Shafaq News Agency, said it recorded an increase in total capital Private banks operating in Iraq during the first quarter of this year, by 7.3% to reach 19.2 trillion dinars, compared to 19.7 trillion dinars for the same period last year.

 And between Private banks operating in Iraq increased their capital by 6%, while it rose The capital of government banks increased by 11.1%.   

He added   The contribution of private banks’ capital amounted to 73.2%, while the contribution of private banks’ capital amounted to 73.2% Government banks 26.2%.]

 He explained  The bank said that deposits in the first quarter of this year increased by 1.2% to reach 123.7 One trillion dinars, compared to 122.2 trillion for the same period of the previous year, thus  increasing Current deposits increased by 3.1% as a result of the increase in current expenses for employees’ wages and salaries In the public sector, while  savings deposits decreased by 3%, deposits also decreased Fixed at 10%.   

 https://shafaq.com/ar/اقتصـاد/ارتفاع-ر-وس-موال-المصارف-الخاصة-بالعراق-بنسبه-7-3

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 11-12-24

Good Afternoon Dinar Recaps,

AFME PROPOSES MICA-LIKE REGULATIONS FOR TOKENIZATION TO ADDRESS CSDR ISSUES WITH DLT

Last week the Association for Financial Markets in Europe (AFME) outlined its European vision and policy recommendations for DLT and tokenization. 

This is in response to a call for submissions by the EU’s capital markets Directorate, FISMA.

The paper makes recommendations that address some key issues holding up the development of tokenization in the European Union.

One of the critical suggestions relates to CSDR, the regulations that govern central securities depositories (CSDs). Today CSDs perform critical functions including securities issuance, acting as record keepers and providing settlement infrastructures.

However, a DLT can provide the record keeping function. Smart contracts can perform functions such as paying interest or dividends. Plus, DLT supports delivery versus payment, which can eliminate settlement risks without the need for a centralized counterparty (CCP).

CSDR is incompatible with DLT, tokenization?
Countries such as Germany, Luxembourg and Italy have passed DLT friendly laws. 

We frequently report on issuances under Germany’s electronic securities law, eWpG, where securities issued via a decentralized registry don’t require the use of a CSD. Instead, a registrar ensures the DLT is keeping tabs and other related tasks. It’s significantly less arduous to become a registrar versus a CSD. That’s because the registrar only performs one aspect of a CSD’s role under CSDR.

However, you won’t see any eWpG securities publicly traded. Why? Because the CSDR regulation requires publicly traded securities to be registered with a CSD. So while you can issue securities under eWpG, they can only be traded over the counter (OTC).

This is why the digital asset-savvy Boerse Stuttgart, Germany’s second largest stock exchange, is setting up a digital securities exchange, BX Digital, in Switzerland rather than Germany. AFME makes precisely this argument – that the EU will lose its current advantage in tokenization to other jurisdictions if it doesn’t evolve quickly.

A related point is that the CSDR treats CSDs as a monolith. By contrast, IOSCO-CPMI Principles for Financial Market Infrastructure (PFMI) outline separate functions: these include a CSD (issuance and maintenance), securities settlement system (SSS), and notary functions.

 Hence, AFME argues that because roles are separated with DLT, the CSDR as it stands cannot work for tokenization. It believes there’s a need for a new regulatory regime, much like MiCAR for crypto-assets.
However, these two changes are amongst the medium term strategies, because even if regulators start now, a new legal regime isn’t likely to come into force before 2029.

DLT Pilot Regime suggestions
AFME also made shorter term recommendations regarding the DLT Pilot Regime, many of which it has previously outlined. 

The Pilot Regime came into force in March 2023, relaxing certain requirements, but only one entity has been approved so far. Under the Regime, it’s possible to operate a combined trading and settlement system. Plus, an exchange can deal directly with retail clients rather than requiring brokers as intermediaries.

Currently the DLT Pilot Regime supports three types of authorizations – as a multilateral trading facility (DLT MTF), as a settlement system (DLT SS) or both (DLT TSS). However, any entity that wants to provide a settlement system has to be a CSD. Hence, it’s no surprise the only authorized entity so far is Prague CSD approved last month.

AFME argues that requiring registration as a CSD is too onerous. Many banks would be interested in providing a DLT SS but not becoming a CSD. The authors also note that the UK’s Digital Securities Sandbox doesn’t have this requirement. Again, AFME is concerned that the EU could lose out to a competing jurisdiction.

The DLT Pilot Regime has quite low caps on activities, which make it unattractive for larger entities. Hence, AFME requests higher caps. It also wants securities issued under the Regime to be eligible as central bank collateral.

The big picture vision
The report starts off by building a vision of a tokenized future and identifies several key benefits.

There’s considerable soul searching in Europe about how to keep innovation within the EU, rather than startups emigrating to the United States.

 A key part of that is funding, and AFME argues that by using DLT to create a capital markets union it will make it easier for startups to raise capital locally. That’s one of several potential upsides.

The AFME paper is an evolution of previous policy recommendations it outlined earlier this year.

@ Newshounds News™

Source:  Ledger Insights

~~~~~~~~~

CANARY CAPITAL APPLIES TO LAUNCH SPOT HBAR EXCHANGE-TRADED PRODUCT

The asset manager has filed with the SEC to list and trade shares of spot Hedera, Solana, and XRP exchange-traded products.

Investment firm Canary Capital filed with the United States Securities and Exchange Commission (SEC) to list and trade shares of its spot Hedera exchange-traded fund, or ETF.

In a Nov. 12 filing, Canary submitted a Form S-1 registration statement to SEC officials for review, proposing the commission allow US investors to trade shares of its Canary Hedera ETF trust on an unnamed exchange.

]The proposed investment vehicle was one of the first to offer investors exposure to a spot HBAR exchange-traded product, though the asset manager has also applied to list and trade spot XRP and Solana ETFs.

According to the filing, the investment vehicle will not use HBAR-linked derivatives or futures contracts that could put the asset manager within the purview of the US Commodity Futures Trading Commission. Canary did not name an exchange for a listing nor a custodian or ticker symbol.

HBAR, the native crypto asset of the Hedera network, had a market capitalization of more than $2.5 billion at the time of publication, trading at a price of roughly $0.07. Canary launched the HBAR Trust on Oct. 1 as a private offering to qualified investors.

SEC soon under new leadership?
It’s unclear whether the commission will approve listing and trading of spot ETFs tied to other crypto assets on US exchanges following the approval of Bitcoin and Ether ETFs in January and May, respectively.

Following a Nov. 5 election in the US, Republicans will have control of the legislative and executive branches of government starting in January, with President-elect Donald Trump pledging to fire SEC Chair Gary Gensler.

However, despite the criticism by many in the industry over his seeming “regulation by enforcement” approach to crypto, Gensler also voted for approving spot BTC ETFs. The SEC’s Trading and Markets Division signed off on spot Ether ETFs.

@ Newshounds News™

Source:  CoinTelegraph

 ~~~~~~~~~

🌱 SILVER, PLATINUM & THE DOLLAR - WHAT DOES IT MEAN? | Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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Thank you Dinar Recaps

More News, Rumors and Opinions Tuesday Afternoon 11-12-2024

Gold Telegraph: Big Moves are Quietly Happening

Monday November 11

More central banks are stepping in to sell dollars to support currencies. Vietnam is the latest.

India is pushing for more trade with Russia to be settled in rupees. India’s trade with Russia is currently at $66 billion, and it aims to reach $100 billion by 2030.

The trend continues…

BREAKING NEWS: GHANA’S CENTRAL BANK SOLD $214 MILLION WORTH OF DOLLARS TO THE MARKET TO SUPPORT ITS CURRENCY

Another one.

“Intervention was highest in a week this year, Databank says…”

Source: https://www.bloomberg.com/news/articles/2024-11-11/-usd-ghs-ghana-cedi-gains-second-day-as-central-bank-sells-214-million

BREAKING NEWS: UNITED OVERSEAS BANK HAS SIGNED A MEMORANDUM OF UNDERSTANDING WITH THE SHANGHAI GOLD EXCHANGE TO CONNECT CHINA’S GOLD SUPPLY CHAIN TO ASEAN MARKETS

Big moves are still quietly happening.

“Referring to a report by the Singapore Bullion Market Association, UOB notes that there is an increasing demand for gold in Southeast Asia with a rising middle-class population…”

Source: https://www.theedgesingapore.com/news/deals-joint-ventures-alliances/uob-signs-mou-shanghai-gold-exchange-connect-chinas-gold-supply

https://dinarchronicles.com/2024/11/11/gold-telegraph-big-moves-are-quietly-happening/

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

TNT:

His advisor: Al-Sudani's visit to Kurdistan focuses on these files

The Prime Minister's Advisor, Subhan Mala Jiyad, confirmed that the upcoming visit of Prime Minister Mohammed Shia al-Sudani to the Kurdistan Region will focus on the pending files between the center and the region and the process of forming the government.

In a television interview seen by Al-Maalouma Agency, Jihad said, “The visit is important and comes at a very necessary and sensitive time for Iraq and the Kurdistan Region in general, especially since Prime Minister Mohammed Shia al-Sudani was able to establish a strong relationship based on mutual trust between the center and the region during the past two years of the Iraqi government’s term.”

He added, “This relationship today has become a point of pride, whether in the center or in the region, and is built on mutual trust, frankness and transparency. Therefore, this visit comes in the context of this issue and in the context of resolving the pending problems, if there are pending problems between Baghdad and Erbil, and also between the parties of the region, as it encourages shortening the time in forming the next regional government.”

He continued, “There will be a meeting between the Iraqi Prime Minister as well as with the leadership of the Patriotic Union of Kurdistan in Sulaymaniyah, and certainly one of the main topics currently being discussed is the issue of forming the Kurdistan Regional Government and helping to form it as quickly as possible."

Al-Sudani's advisor pointed out that "the center needs a harmonious and strong regional government, especially in light of the good and balanced relationship between the region and the center, because the center also needs this government to be in a way that helps develop the relationship."  link

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

Mnt Goat  I see what is happening in Iraq as a final “cleanup” from the sanctioned days and war years...there is going be some huge change in policy of currency exchange for international trade with Iraq...why else would the CBI make such a drastic change in policy with the currency auctions if the US didn’t tell them to “ditch the dollar” and do it now. ...But in order to do it Iraq needed the reforms... reforms come first, then they can rebuild their economy and somewhere in the new economy building phase, they strike out and delete the zeros and reinstate...So, come the end of 2024 don’t you think these reforms will be ‘good enough” to let the dinar finally get to FOREX? I was told this is their target.

Frank26  [Bank story]  This time we didn't go down, we just called [the bank]...We said we want to see if we can exchange some currency and he said what kind of currency?  We said Iraqi dinar.  He didn't even skip a beat, he said, well I'm not sure about that one right now let me talk to my colleagues and I'll get back to you.  Easy-peasy, we were just kind of shocked.  He put me on hold and came back and he very calmly said sir…. with the amount that you told us you have, the Brinks truck will come to your house and they will do the exchange right there in your house and then you'll be good to go.  It'll be in your bank.  You'll be able to verify it on your phone, in your app that shows your banking information.  He said you'll be able to validate on a computer, all that jazz, that the money is in your account...They're saying we should have and accountant and tax attorney.  They have a list of all that, that they'd be more than happy to share. I said no thank you I have all that covered...It was amazing.  Our jaws dropped...This was [last] Monday by the way...

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

America's Largest Banks Can’t Come Back From This

Atlantis Report:  11-12-2024

The financial system of the United States has been a symbol of strength, resilience, and stability for a long time, which has supported the nation's economic power on the global stage. However, recent revelations and increasing evidence suggest that the country's largest banks are on the brink of a severe crisis.

This crisis is so deep that the chance of their recovery is questionable and can send devastating shockwaves through the entire financial system.

https://www.youtube.com/watch?v=rZvEKeCSf2s