Seeds of Wisdom RV and Economic Updates Thursday Afternoon 11-21-24

Good Afternoon Dinar Recaps,

BREAKING NEWS

SEC CHAIR GENSLER TO DEPART AGENCY ON JANUARY 20

Gensler implemented reforms to enhance efficiency, resiliency, and integrity in U.S. capital markets; agency held wrongdoers accountable and returned billions to harmed investors.

For Immediate Release   2024-182   Washington D.C., Nov. 21, 2024 —

The Securities and Exchange Commission today announced that its 33rd Chair, Gary Gensler, will step down from the Commission effective at 12:00 pm on January 20, 2025. Chair Gensler began his tenure on April 17, 2021, in the immediate aftermath of the GameStop market events.

He led the agency through a robust rulemaking agenda to enhance efficiency, resiliency, and integrity in the U.S. capital markets. He also oversaw high-impact enforcement cases to hold wrongdoers accountable and return billions to harmed investors.

“The Securities and Exchange Commission is a remarkable agency,” said Chair Gensler. “The staff and the Commission are deeply mission-driven, focused on protecting investors, facilitating capital formation, and ensuring that the markets work for investors and issuers alike.

The staff comprises true public servants. It has been an honor of a lifetime to serve with them on behalf of everyday Americans and ensure that our capital markets remain the best in the world.

“I thank President Biden for entrusting me with this incredible responsibility. The SEC has met our mission and enforced the law without fear or favor. I’ve greatly enjoyed working with my fellow Commissioners, Allison Herren Lee, Elad Roisman, Hester Peirce, Caroline Crenshaw, Mark Uyeda, and Jaime Lizárraga. I also thank Congress, my colleagues across the U.S. government, and fellow regulators around the world.”

@ Newshounds

Read More:  SEC

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CFTC ADVISORY SUBCOMMITTEE RECOMMENDS TOKENIZED COLLATERAL WITH NO RULE CHANGES NEEDED

The Commodity Futures Trading Commission (CFTC) has a Global Markets Advisory Committee (GMAC) made up of industry participants. Today the subcommittee on digital assets voted in favor (27-0) of three recommendations to adopt DLT and tokenized assets as collateral for margin.

The proposals would need to be adopted by the full GMAC Committee and it’s up to the CFTC to decide whether it proceeds.

The problem addressed by tokenized collateral
Stepping back, the CFTC is the primary regulator for derivatives markets. Typically derivatives require the posting of margin to cover the risk of price swings. Initial margin is provided at the outset, with variation margin during the lifetime of the derivative.

 Non cash collateral is already allowed by the CFTC but is not used much for variation margin, because moving assets involves multiple intermediaries and hence delays. Plus, assets can only be transferred during office opening hours.

By contrast, tokenized assets are directly transferrable 24/7. The ability to quickly transfer tokenized assets for use as variation margin reduces counterparty and other risks. Plus, it saves money by removing the need to liquidate assets to meet margin calls.

During market panics, the need to post additional cash margin often requires selling collateral that increases market volatility.

Collateral mobility is one of the killer apps for tokenization. Beyond the CFTC and derivatives, there are already significant industry initiatives targeting collateral mobility, including HQLAᵡ, JP Morgan’s Tokenized Collateral Network, and Broadridge’s DLR which supports repo and Treasury tokenization.

The Digital Asset subcommittee proposals
The GMAC Digital Assets Markets subcommittee believes that tokenized assets could be used for margin without the need for regulatory changes. Likewise the use of DLT as books and records (without tokenization), should also not require new legislation.

 Given non cash collateral is already eligible for margin, it also doesn’t require changes in eligibility rules. Committee members also concluded that existing policies and procedures for managing risks should be sufficient to support DLT.

The assets they had in mind as collateral would be World Bank bonds, government securities, corporate debt, money market funds and gold. Current CFTC criteria for non cash collateral is that the assets are liquid, hold value and lack correlation to counterparty or portfolio risks.

The Global Head of DTCC Digital Assets, Nadine Chakar, commented that “This is an opportunity for us to be able to increase the velocity of collateral in the marketplace without any changes to rules and guidance.”

DRW has been operating a significant digital asset business for years. DRW’s Chris Zuehlke said it has seen the benefits of the ability to move assets in real time 24/7 in practice. He said the company has a different view on risk where there’s a bank wire involved versus real time settlement with a DLT-based asset.

“We often times feel much more confident in our risk management processes when we know we can have a 24/7 real time settlement capability with these counterparties,” said Mr Zuehlke.

“I think that will transfer very directly to the collateral management side for derivatives based businesses under the CFTC’s purview. And I’m really excited to see that evolution take place.”

The risk of not proceeding
Christopher Perkins from Coinfund is another subcommittee member strongly in favor. He spent a large part of his career at Citi, latterly as Global Co-Head, Futures, Clearing and FX Prime Brokerage.

There’s been much criticism about a lack of technology neutrality with DLT, with extra hurdles often put in place. He argued for the reverse: that market participants should be incentivized to move to tokenized collateral.

 He considers the level of ongoing Herstatt risk in the marketplace as too high. “The risk here is being able to tolerate the very inefficient settlement processes today,” said Mr Perkins. “We’re living in a world now where it takes days to settle Yen. Completely unacceptable.” He advocated for using stablecoins for variation margin.

The potential figures involved are massive. Exchange traded derivatives are small fry compared to over the counter (OTC). Global exchange traded derivatives have a notional open interest of $88 trillion versus $742 trillion for OTC. To put that in context, global stock markets total $124 trillion.

Even if the full GMAC committee proposes to advance the recommendation, the CFTC might be slow to adopt. During today’s meeting, Commissioner Pham noted that the CFTC has not yet implemented a recommendation from November 2023. That one aimed to harmonize rules relating to money market funds as eligible collateral.

@ Newshounds News™

Source:  Ledger Insights

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🌱JUDICIAL NAME - LEGAL NAME - MAINTAINING SOVEREIGNTY #CONSTITUTION #SOVEREIGNTY  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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China Sell 44% of US Treasury, will US Economy Collapse?

China Sell 44% of US Treasury, will US Economy Collapse?

Fastepo:  11-20-2024

Recently, news broke that China has sold approximately 44% of its holdings in US Treasury securities, sending ripples through financial markets and sparking a wave of speculation. For years, China has been one of the largest holders of US debt, with its purchases often seen as a sign of confidence in the US economy.

The sudden divestment raises questions about potential impacts on the US economy as well as the broader geopolitical implications. Let’s explore what this development means and whether it could lead to a collapse of the US economy.

Before diving into the implications of China’s actions, it’s important to understand what US Treasury securities are. These are government bonds issued by the US Department of the Treasury to finance government spending. They are considered one of the safest investments due to the stability and creditworthiness of the US government. Investors, including foreign countries like China, purchase these securities as a way to earn interest while also holding assets perceived as low-risk.

While the sale of US Treasuries may sound alarming, declaring that the US economy will collapse is an overstatement. Here are several factors to consider:

When a major holder like China sells a significant portion of its Treasuries, it can lead to an increase in interest rates. Higher interest rates could make borrowing more expensive for consumers and businesses, possibly slowing down economic growth. However, the US economy is more resilient than ever, with a diverse financial market that allows for adjustments.

The US Treasury market is highly liquid and extends beyond foreign governments. American investors, pension funds, and other international buyers can step in to absorb any sell-off. The US dollar remains the world’s dominant reserve currency, and demand for safe assets is unlikely to evaporate entirely, even with China’s reduced involvement.

Economic interdependence means that both the US and China are invested in a stable global economy. A drastic destabilization of the US economy would have severe repercussions for economies worldwide, including China’s. This mutual reliance can lead to more cautious strategies from major global players.

Investor sentiment is also influenced by geopolitical events. While China’s sale of Treasuries may cause short-term market volatility, savvy investors often look long-term. Positive economic fundamentals in the US, including low unemployment rates and continued innovation, can maintain investor confidence.

In conclusion, while China’s sale of 44% of US Treasury securities raises valid concerns about potential economic impacts, it is not an automatic precursor to a collapse of the US economy. The interconnectedness of the global economy provides a buffer against such drastic scenarios.

It will be critical to monitor how this situation unfolds and to consider the broader economic and geopolitical landscape. The resilience of the US economy, combined with its ability to adapt and innovate, suggests it is far from facing imminent collapse due to changes in foreign holdings.

https://youtu.be/huG-Fdq5CfE

“Tidbits From TNT” Thursday 11-21-2024

TNT:

Tishwash:  Al-Sudani, Putin discuss Middle East issues amid unprecedented escalation of tension in the region

Baghdad Today - Follow-up

Russian President Vladimir Putin and Iraqi Prime Minister Mohammed Shia al-Sudani discussed Middle East issues today, Thursday (November 21, 2024), amid unprecedented escalation of tensions in the region.

The Kremlin said in a statement followed by "Baghdad Today", that "Putin discussed, during a phone call with Al-Sudani, joint work within the framework of (OPEC+)," stressing "the importance of coordinating steps in this field."

He added that "the two parties discussed Middle East issues in light of the unprecedented escalation of tension in the region," noting that "issues of cooperation in the fields of trade, economy, transportation, logistics and humanitarian services were discussed  link

Tishwash:  Al-Ghais: Oil and gas are God’s gift and the world must invest in energy sources without exception

The Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, stressed on Wednesday that the world must adopt all energy sources without exception.

Al-Ghais said at the United Nations Climate Change Conference (COP29) that crude oil and natural gas are “a gift from God,” and that talks on limiting global warming should focus on reducing emissions, not choosing energy sources.

His comments were in line with the opening speech of Azerbaijani President Ilham Aliyev, who responded to Western criticism of his country's oil and gas industry, also describing these resources as a "gift from God."

"They are actually a gift from God," Al-Ghais, a veteran Kuwaiti oil executive, said in a speech at the conference hosted by Baku, Azerbaijan.

“These resources affect how food is produced, packaged and transported, how medical research is conducted and how medical supplies are manufactured and distributed. I could go on and on with an endless number of examples,” he added.

He pointed out that the world's governments, which set a ceiling for the rise in global temperature during the Paris summit in 2015 of no more than 1.5 degrees Celsius compared to the pre-industrial revolution level, can achieve their climate goals without shifting away from oil.

Al-Ghais continued, "The Paris Agreement focuses on reducing emissions, not on choosing energy sources."

OPEC said technologies such as carbon capture could address the climate change impacts of burning fossil fuels  link

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Tishwash:  Economist: Big capitals benefit from the continued rise of the dollar in Iraq

Economic expert Safwan Qusay continued confirmed today, Wednesday, that there are big heads benefiting from the economic chaos and the rise of the dollar in Iraq.

Qusay said in an interview with Al-Maalouma Agency, “There are speculators and local mafias trying to obstruct economic organization and thwart the government's attempt to control the state's resources.”

He added, "The government can strike these mafias with the force of law by directing the supervisory and security agencies against the violators and their continued presence under multiple fronts."

He pointed out that "there are those who manipulate the local dollar markets, and the regulatory bodies must be able to control the big heads that benefit from the continued economic chaos, not the arms."link

Mot:  With temperatures set to plummet tonight, John's legendary weather forecast stone might need a scarf tomorrow—if it’s white, it’s snowing!

Mot: Heeeeeee!! -- Heeeeeee!! -- Heeeeeee!! -- Loves Karma I Do!!  Truck hits snowman

https://www.youtube.com/watch?v=2fxGC_VM6yE

“Coffee With MarkZ” Thursday Morning Chat 11-21-2024

Thank you MarkZ for all your time, and encouragement daily….. PDK

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 Morning and RV there yet???   Lol

Member: Happy Thursday morning to everyone in the chat room

Member: The Mayflower landed upon our Continent 400 Years ago today!!!

Member: I wonder -What is it gonna take to get this RV?

Member: Maybe after the Iraq census is finished???

MZ: We do expect the census to be wrapped up this evening as far as the in-person counting…and then a day or two for them to have the very accurate census figures. Those final figures will be done very quickly.

MZ:  “Human Rights center foresees : The population census will increase the number of seats in Parliament to about 430” Their laws say they are supposed to have a representative per 100,000 people. Their population is growing and people are also returning to Iraq. Its neat seeing this process paly out. Iraq has a republic like we have in the US.

MZ:  Here is an important one…..“IMF Arab country confirms its commitment to a flexible exchange rate rate” they are talking about Egypt- not Iraq. But a flexible exchange rate that can grow or shrink based on the economy .

MZ: Why is this one important?  Iraq has said it wants to go to a free floating currency based on a basket of goods…Gold, Oil, Actual assets…and a basket of Middle Eastern currencies. One of the currencies in that basket is the Egyption Pound.

MZ: On the bond side- I have a number of contacts expecting dollars by the end of the day TODAY. I hope they are accurate. My biggest holder however is saying “Not yet but we are extremely close” that contact still believes we will have a fantastic Thanksgiving this year…and he is one of the top bond facilitators in the world.

Member: Those poor bond holders have been cried “Wolf” to more often than we currency holders.

Member: plz discuss the plus and minuses of holding currency in a bank safety deposit box

MZ: The US government in the past has shown its ability and willingness to invade your privacy and personal property rights. And take “security boxes”. It has done this a number of times. Ask yourself if you are willing to risk it or not?

Member: EBS has been going off in Michigan for 3 days now saying it is a test

Member: Here in Naples, Fl. have been getting EBS for specific counties. I had never seen that before.

Member: Yes, the EBS system went off yesterday at around 11 AM it hit all of our phones at once scared the crap out of us

Member: Who will our notifications for exchanges come from?

Member: You will be notified by Mark or Dinar Recaps. I do not expect an email.

Member: Also TNT, Frank, Bruce, and all the dinar sites will be letting us know. We will not miss it.

Member: Honestly if this doesn’t go by the end of the year- I’m going to put the currency on the shelf and step away

Member: We may be waiting for after the first of the year or the inauguration on Jan 20th. Hang in there.

Member: And Sudani is hoping to have monetary reform in Iraq finished by Dec 10th…..allegedly.  also Auctions ending in Iraq by the end of the year……they would need a new rate on the dinar if that happens.

Member: Are you expecting something big tomorrow Mark?

MZ: No- but I am expecting something big very soon. A number of sources are expecting something big tomorrow. We will see.

Member: Bought a new suit 5 years ago round Thangsgiving as we were pretty sure we were going then ! Still in the suit bag,

Member: Maybe its time to wash and press the “go to the bank” clothes again?

Member: Blessings and let's pray this is our week!!

Member: Everyone have a great day today.

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.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=XKiogWVR4yM

BEWARE: Lost Life Savings After Suspected Debit Card Scam

BEWARE: Lost Life Savings After Suspected Debit Card Scam

Danielle Antosz Tue, November 19, 2024  Moneywise

This Long Island man lost his life savings after suspected debit card scam — and got no reimbursement. Here’s why

While running errands in New York last year, Grant Holihan of Long Island received a call from Chase Bank asking him to confirm a recent purchase in Las Vegas. But Holihan, 27, claimed to have never been to Las Vegas. He suspected his debit account and PIN were skimmed at an ATM near his construction job site.

According to Holihan, Chase agreed to close the account — but then more charges followed. In just under an hour, more than $7,000 was drained from his bank account in separate transactions on the other side of the country. Ultimately, his entire life savings was stolen in less than a day.

Now, Holihan says Chase is still refusing to refund his money.

“I’ve never given my PIN out," Holihan told CBS New York. “They still deny my claim, and it's been over a year later, and I still haven't seen my money."

With no resolution in sight, it’s important to understand how this was able to happen and what can be done to avoid a similar financial loss.

How Does Debit Skimming Work?

In debit card skimming, fraudsters secretly install devices on ATMs or payment terminals to steal card details and PIN information. The skimmers capture data while a hidden camera or keypad overlay records the user’s PIN. In most cases, these devices are difficult for people to see because they look like legitimate card readers.

Holihan suspects that is exactly what happened to him.

"This customer's claim was denied because the charges were authorized with their PIN and verified via phone call," JPMorganChase told CBS News New York.

Unlike credit card skimming, where thieves steal credit card numbers, debit card fraud doesn't fall under the Truth in Lending Act, which offers more consumer protections. While speaking with CBS reporter Elle McLogan, National Consumer Law Center senior attorney Carla Sanchez-Adams shared how that impacts consumers.

https://news.yahoo.com/news/finance/news/long-island-man-lost-life-110300580.html

Seeds of Wisdom RV and Economic Updates Thursday Morning 11-21-24

Good Morning Dinar Recaps,

BRICS COUNTRIES GAIN INFLUENCE OVER G20

The G20 summit is ongoing in Brazil’s Rio and all the five BRICS countries are a part of the bloc. The world leaders are discussing trade deals and renewing policies at the summit. US President Joe Biden attended the summit but missed out on the photo op on Tuesday.

However, the world leaders retook the photo op placing Biden at the center and standing next to India’s Prime Minister Narendra Modi to his left and Canada’s Justin Trudeau to his right.

BRICS Influence in G20 Grows

The BRICS countries are having a bigger role in the G20 summit dominating the news cycle and photo ops. The show of unity was on full display making the leaders of Western countries seem like background noise. The show of unity was met with a starkly farcical smile by Biden as leaders clapped and held hands.

“The BRICS countries as a whole are gaining in their role and influence in the G20. This was evident both in Delhi at last year’s summit and in the year before in Indonesia. And here (Rio de Janeiro) it was especially clear,” said Russian Foreign Minister Sergey Lavrov in a press conference.

During the previous G20 summits, BRICS countries rarely hit the news cycles but the 2024 event has turned things around. The bloc is displaying strength through unions and other trade deals indicating their economy can sustain without the West. The alliance recently sent invitations to 13 new nations to join as ‘Partner countries’

Indonesia accepted the invitation to join BRICS as a ‘Partner countries’ while the G20 summit was ongoing. Indonesian Ambassador to Russia, Jose Antonio Morato Tavares said that Indonesia “will actively contribute to and participate in any initiatives of BRICS. This is a positive development. Now, we are already a BRICS partner state,” he said.

@ Newshounds News™

Source:  Watcher Guru

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MALAYSIA EXPLORING WHOLESALE CBDC

Two years ago Bank Negara Malaysia (BNM) outlined its plans for central bank digital currency (CBDC). At the time it intended to explore wholesale CBDC (wCBDC) in the short term and a general purpose retail CBDC this year.

However, during a digital payments event yesterday it disclosed that the emphasis is solely on wholesale CBDC. It believes retail payments are already well served by existing systems.

Currently it is building expertise, performing preparatory work and getting to grips with the technology.

“If we were to issue wholesale CBDC in the future, we would know what it takes and what policy implications we need to bear in mind,” the central bank said, as reported by the Sun Malaysia.

The central bank envisages a wholesale CBDc as supporting interbank settlement for tokenized deposits both domestically and for cross border payments. International payments have been of interest for some time. 

BNM was a participant in Singapore’s multi-CBDC Project Dunbar, and is an observer of mBridge, the cross border CBDC project that is currently at the minimum viable product stage. Active mBridge participants include the central banks of China, Hong Kong, Saudi Arabia, Thailand and the UAE.

Despite its preparations, the central bank has no immediate plans to issue one. It will continue working on wCBDC and DLT during 2024-25. Several Asian economies are currently exploring a wholesale CBDC to support tokenized deposits. They include the central banks of Hong Kong, Korea, Singapore and Taiwan.

Ledger Insights recently released a report exploring tokenized deposits and bank stablecoins, highlighting more than 70 initiatives.

@ Newshounds News™

Source: Ledger Insights 

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🌱NFTS IN COURT?! LEGAL SERVICE VIA AIRDROP EXPLAINED!  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

News, Rumors and Opinions Thursday AM 11-21-2024

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 Thurs. 21 Nov. 2024

Compiled Thurs. 21Nov. 2024 12:01 am EST by Judy Byington

Wed. 20 Nov. 2024 The EBS …Fulford on Telegram

The Earth Alliance, Star Link, and military are ready to execute the final phase. The old world is crumbling, and a new era of freedom is beginning. For years, the Earth Alliance has been preparing, quietly building a secure network of satellites that will make this possible.

The EBS alert will be activated globally but in phases. Depending on your location, you might get it slightly earlier or later, but make no mistake—it’s coming. The phased rollout will prevent the Deepstate from reacting and catch them off-guard. By the time the signal hits every device, the Earth Alliance will have moved to the next stage.

The EBS broadcast could (but not necessarily) last up to 10 days, depending on ground conditions. During this time, there will be no internet, no social media, no TV, no mainstream news. Stock up on food, water, and supplies—you won’t be able to access stores or services during this period.

The Deepstate’s financial institutions will collapse. The Quantum Financial System (QFS) will replace the corrupt system, marking the greatest wealth transfer in history. Banks, stock markets, and fiat currencies will be obliterated, replaced by a fair system that serves the people.

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Global Currency Reset:

Wed. 20 Nov. 2024 Wolverine: “I’ve had numerous messages that we are definitely going to have a wonderful, wonderful Christmas and hopefully by tomorrow we’ll have some good news.”

Tues. 19 Nov. 2024 Mark Z: “I am now getting great chatter from the bond side. They are very hopeful and if they are right- by Thursday we should get an announcement. This is from some really solid contacts and I really hope they are right. Some of my other top notch contacts said they have not heard that yet….so we will see. There is a lot of misinformation put out there on purpose. Buckle up- we know things are close.”                                                                                                                                                                     

Wed. 20 Nov. 2024: GESARA and Humanity’s Liberation: End of Debt Slavery, Global Reset in Motion—A**********e Exposed, GitmO Military Alliance Preparing, and EBS Set to Trigger the 10 Days of Darkness! – Gazetteller  Tier 4b appointments (the Internet Group) are being scheduled, with updates pointing to a time frame around late November for bondholders to have their accounts activated. Simultaneously, BRICS nations are finalizing their Reserve Currency launch, delivering a direct strike against the U.S. dollar’s dominance.

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Possible Timing: Ezra A. Cohen on Telegram

Tues. 19 Nov. 2024: This week marks the beginning of the end for the old system. Bank of America, Deutsche Bank and JP Morgan on the brink as stock markets tumble and the QFS rises from the ashes.

Wed. 20 Nov. 2024: Iraq rejoices. The new Dinar Rate heralds a new era.

Thurs. 21 Nov. 2024: The QFS is unveiled, ushering in a revolution.

Sun. 1 Dec. to Mon. 2 Dec. 2024: Project Sandman with an expected fall of US Dollar.

Read full post here:  https://dinarchronicles.com/2024/11/21/restored-republic-via-a-gcr-update-as-of-november-21-2024/

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

Frank26  Question: "You said we didn't need the census for the HCL, we're using Article 140 the old census right?"  That's right, under the old exchange rate.  The new exchange rate will be with the new monetary reform...This census is important.

Militia Man  Economic stability is going to have a strong viable internationally acceptable currency.  That's why we're here and invested in this.  Take it seriously. 

Bruce  [via WiserNow]   ...we did hear a few days ago - guess it was over the weekend...that it was very likely that we would get started this week, and that was really good news...So that's what we've been waiting for...This is the information we've been looking to receive. Very excited about it.

Urgent (Legal) Info for IQD Investors Holding IQD Banknotes

Edu Matrix:  11-21-2024

Urgent Legal Info for IQD Investors Holding IQD Banknotes - In this video, you will learn why holding Iraqi dinars for business is legal and okay.

However, banks holding dinars for speculation is NOT legal. Individuals holding IQD for speculation is not legal either - This is why the channel talks about ways to invest in Iraq without it being obvious that your currency is for speculation purposes.

This is not a big deal. However, it could become an issue. The video explores the archives on the subject of the IQD for investment purposes on the U .S. State Departments website.

You will learn how:

1. To travel with less than $10,000.

2. You will learn what happens when you travel for more than $10,000.

3. You will learn what happens if you break the rules.

4. You will learn how to safely travel with large sums of money.

 5. You will learn about money exchanges in Iraq for those who are NOT U.S. citizens.

https://www.youtube.com/watch?v=YIotE7RBpp4

MilitiaMan & Crew News Reporting-Global Trade-Best Route in World-Purchase Power-Justice-Census-Calm-Revaluation

MilitiaMan & Crew News Reporting-Global Trade-Best Route in World-Purchase Power-Justice-Census-Calm-Revaluation

11-20-2024

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=6n8GkwzHTTY

Seeds of Wisdom RV and Economic Updates Wednesday Evening 11-20-24

Good Evening Dinar Recaps,

A NEW FRONTIER: COURT AUTHORIZES SERVICE OF PROCESS THROUGH NFT AIRDROP

In a landmark decision highlighting the unique aspects of blockchain technology, an S.D.N.Y. Bankruptcy Judge ruled in favor of Celsius’s motion for alternative service, whereby Celsius sought to provide legal service by airdopping non-fungible tokens (NFTs) to anonymous defendants’ digital asset wallets.

Judge Approves Celsius’s NFT Airdrop for Legal Service
In the wake of the cryptocurrency exchange’s insolvency, its bankruptcy estate filed suit seeking to void allegedly fraudulent transfers and recover additional funds for its creditors.

Due to the pseudonymous nature of the technology, however, Celsius has thus far been unable to identify the owners of the wallets connected to the relevant transfers.

As a result, the Litigation Administrator designed a novel solution for an alternative method of service. Celsius proposed to airdrop NFTs that include a hyperlink to a website containing the complaint and other relevant legal documents to the wallet addresses in question. 

To ensure the NFTs are properly served, Celsius will have FTI Consulting confirm the wallets receive the NFTs on-chain, and record the exact date and time the NFTs are opened. FTI will also monitor website traffic to ensure the links are opened by actual humans rather than automated bots.

Furthermore, FTI Consulting confirmed that it traced the transfers to the wallets in question, that the wallets have been active since the transfers, and that the same individuals likely remain in control of the wallets.

Alternative methods of service are generally permitted if the statutory methods of service are “impracticable.” According to New York case law, service is typically impracticable when the plaintiff is unable to locate either a business or home address for the defendant despite diligent efforts to do so.

 Alternative methods must also satisfy constitutional due process requirements, which requires service to be reasonably calculated, under all the circumstances, to give notice to interested parties of the nature of the action against them.

Recognizing that the anonymity of the wallet owners deemed traditional service impracticable, the Court was satisfied the defendants were likely to receive the summons and complaint via the hyperlink in the NFT since the NFT was being sent to the exact wallets used by the defendants to receive the funds at issue, and the activity could be traced on-chain.

Judge Glenn concluded the NFT airdrop was “the best possible way” to apprise the defendants of the actions against them, and praised Celsius on its “innovative” solution. In terms of service, email addresses pioneered the way for the internet. Wallet addresses just paved the way for blockchain.

This case highlights one of the many challenges of adopting new technology into society, and exemplifies how blockchain technology continues to disrupt the status quo. Luckily, the industry has taken the initiative to craft novel solutions that allow for its implementation into everyday life.

As attorneys operating exclusively in the digital asset space, we understand the importance of staying up to date on the latest developments and helping clients stay informed whenever the legal landscape shifts.

Whether you are an investor, entrepreneur, or business involved in cryptocurrency, our team is here to provide the legal counsel needed to maneuver this complex landscape. If you believe we can be of assistance, schedule a consultation here.

@ Newshounds News™

Source:  Bitcoin News

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SHANGHAI JUDGE SAYS CRYPTOCURRENCY IS A COMMODITY, LEGAL TO OWN

Shanghai Judge Sun Jie calls virtual currency a commodity with property attributes in a commentary on a 2017 business dispute.

A judge in the People’s Court of Songjiang District in Shanghai, China has released an article on the court’s WeChat account about the legality of issuing virtual currency in China. She was commenting on a business dispute dating to 2017, but her opinion sheds light on cryptocurrency’s murky legal status in China.

A virtual commodity with property attributes
An agricultural development company signed a “Blockchain Incubation Agreement” with an investment management company to produce a white paper as the basis for the issuance of a cryptocurrency, paying 300,000 yuan (about $44,400 at the time) for the service.

A year later, no token had been produced, and the investment company said the agricultural company should develop an app before the token could be issued. Instead, the agricultural company sued to recover the money it had paid.

The court ruled that the agreement between the companies envisioned illegal activities, for which both sides were at fault. It ordered the investment company to return 250,000 yuan.

Judge Sun Jie wrote that virtual currency does not have the status of fiat currency, but is rather a virtual commodity with “property attributes.” She stated:

“Although it is not illegal for individuals to simply hold virtual currency, commercial entities cannot participate in virtual currency investment transactions or even issue tokens on their own.”

How banned is crypto in China?
The judge went on to give a lengthy warning about the potential ills of cryptocurrency. For example:

“Virtual currency trading speculation activities such as Bitcoin will not only disrupt the economic and financial order, but also may become a payment and settlement tool for illegal and criminal activities, breeding money laundering, illegal fund-raising, fraud, pyramid schemes and other illegal and criminal activities.”

By “blindly participating in virtual currency transactions,” individuals and enterprises may not have the full protection of the law, the judge concluded. The article reproduces Article 153 of the Civil Code of the People’s Republic of China, as it is the relevant legislation to the case.

China ordered virtual currency exchanges to close down in 2017. In 2021, the People’s Bank of China and 10 Chinese government agencies joined forces to tighten control over transactions with virtual currencies. Nonetheless, ownership of crypto was never prohibited.

@ Newshounds News™

Source:  CoinTelegraph

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IRAQ'S ACCESSION TO THE WORLD TRADE ORGANIZATION (WTO)  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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What’s up with Buffett and his $325 Billion Pile of Cash?

What’s up with Buffett and his $325 Billion Pile of Cash?

November 20, 2024 Notes From the Field By James Hickman (Simon Black)

Much has been written about Warren Buffett having sold a substantial amount of stocks. And his company, Berkshire Hathaway, is sitting on a record $325 billion cash pile as a result.

Buffett has often said that his preferred holding period for an investment is "forever". So the fact that he has sold so much stock has many observers proclaiming that "Buffett is predicting an imminent stock market crash."

Except that he's not. Buffett is a pretty transparent guy who has never been afraid to speak his mind. If he were predicting a crash, he'd probably say it.

Besides, Buffett has sold plenty of stocks in the past; this is not an anomaly. In 2022 and 2023, for example, he dumped shares of Chevron, Activision Blizzard, Taiwan Semiconductor, and HP.

This time around he sold off some shares in Apple and Bank of America. But he actually explained WHY-- especially with Apple. And I think his reasoning is worth mentioning.

Buffett explained to a reporter that "We don’t mind paying taxes at Berkshire. And we are paying a 21% federal rate,” which amounted to $5 billion last year.

But he continued, saying that the US federal corporate tax rate "was 35% not long ago, and it’s been 52% in the past. . . With the present fiscal policies, I think that something has to give, and I think that higher taxes are quite likely," i.e. that the government will take "a greater share of your income, or mine, or Berkshire's."

"So if I’m [selling Apple stock] at 21% [tax rates] this year, and we’re doing it at a lot higher percentage later on, I don’t think [shareholders] will actually mind that we sold a little Apple this year.”

This is a critical takeaway.

Nations with enormous debts and deficits can’t live beyond their means forever; Buffett isn't predicting a market crash-- he's predicting higher taxes... that, sooner or later, the federal government is going to have a take a much bigger bite out of people's paychecks.

As I've written before, there's a chance that Buffett's prediction might be wrong. It IS still possible for the US to get back on the right track-- a combination of government efficiency, spending cuts, de-regulation, and a technology (AI) fueled productivity boom could generate such an economic boom that the country COULD grow its way out of debt without having to resort to higher taxes (or inflation).

But the new administration will have to get moving immediately. Otherwise, Buffett will be proven right: higher taxes will be inevitable.

His decision to sell Bank of America stock is even more obvious and also bears mentioning. Quite simply, Bank of America is in deep trouble.

You probably recall how the Federal Reserve slashed interest rates all the way down to zero during the pandemic. It was ridiculous-- the US government was able to sell Ten Year notes with a yield of less than 0.4%.

Talk about a ******* deal. The largest debtor in the history of the world was selling bonds with such a pitiful yield that they didn't even keep up with inflation. Who would be such an idiot to buy such a terrible asset?

Bank of America, that's who. In fact, Bank of America invested hundreds of billions of dollars of their depositors' savings in these terrible assets.

Well, now that interest rates are literally more than 10x higher (from 0.4% to more than 4%), those same bonds that Bank of America bought back in 2020 and 2021 have lost a TON of money. BofA is sitting on more than $100 BILLION in unrealized losses from their bond portfolio.

Remember, this is the same reason that Silicon Valley Bank (among others) went bust last year-- the bonds they bought during the pandemic lost a ton of value, and the bank was wiped out. Bank of America is in a similar position now.

The key difference is that Bank of America has enough capital on its balance sheet to sustain those losses. So they might not be wiped out or fail. But the implications for shareholders are pretty bad.

Whenever a bank gets into trouble, the first thing that happens is the regulators step in and start making a bunch of demands. In this case, the FDIC and Fed will probably force Bank of America to raise more capital.

This will have the effect of severely diluting existing Bank of America shareholders... which most investors, especially Buffett, absolutely HATE.

The second thing that regulators always do with troubled banks is force them to suspend their dividend. And dividends are among the top reasons why Buffett likes to hold companies "forever". So given the likely prospect of zero dividends and heavily diluted shares, it looks like Buffett is getting out before regulators drop the hammer on Bank of America.

This is a big difference from "Buffett predicting a crash" as so many headlines across the Internet have been suggesting.

That said, the US stock market in general is definitely looking very expensive and near historically high valuations once again.

But there's at least one sector that's still cheap: real assets.

I've been writing for most of the past two years that real assets make a lot of sense to own, especially during inflationary times. Real assets were THE asset class to own during the 1970s stagflation.

The US is currently on the same path-- with its national debt constantly surging to new record highs (now $36 trillion), suggesting that another bout of nasty inflation could be in order down the road.

But, again, there's now a reasonable chance that the new administration is able to get the nation's finances on the right track... potentially forestalling an inflation spike and debt crisis.

So do real assets still make sense?

For now, yes. Natural gas is a great example-- as I've explained before, US natural gas is still incredibly cheap. And any American energy renaissance will depend heavily on natural gas. Prices could surge as a result, and natural gas producers could boom. Yet many companies' shares are still available for peanuts.

Bottom line, it still makes sense to consider fantastic real asset producers-- especially when they are profitable, low-debt, dividend-paying businesses that trade at absurdly low valuations.

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

https://www.schiffsovereign.com/trends/whats-up-with-buffett-and-his-325-billion-pile-of-cash-151751/

Controlled Demolition of Economy Underway, Short Oil and Go Long Gold

Controlled Demolition of Economy Underway, Short Oil and Go Long Gold

VRIC Media:  11-19-2024

In a compelling discussion that took place on VRIC Media hosted by Jesse Day, economist and market analyst Francis Hunt shared his bold views on the current economic strategies employed by the Federal Reserve and central banks across the West. According to Hunt, we are witnessing what he describes as a “controlled demolition” of the economy, a scenario rife with implications for individual investors and the broader societal landscape.

Hunt’s perspective is rooted in the belief that the actions of the Federal Reserve and other central banking institutions are strategically designed to serve the interests of the Davos Elite—a term commonly used to reference the powerful figures who gather annually at the World Economic Forum in Davos, Switzerland.

This supposed agenda, he argues, is focused on tightening government control over an increasingly indebted populace. As public debt soars and spending appears controlled, Hunt warns that these strategies will lead to more significant societal changes that favor the elites at the expense of the everyday citizen.

In light of this ominous outlook, Hunt recommends specific investment strategies that align with his vision. He stresses the importance of shorting oil while simultaneously going long on gold. The reasoning behind this dual strategy is tied to anticipated shifts in energy prices and the protective characteristics of gold, which Hunt regards as a refuge during periods of economic instability.

“Gold has historically been a safe-haven asset during turmoil. When currency valuation comes under threat—especially with rising inflation and interest rate hikes—gold stands resilient against economic forces,” Hunt noted. On the other hand, good investors must be wary of oil, especially given the geopolitical shifts impacting its pricing.

In this episode, Hunt also provided insights into the cryptocurrency landscape, particularly focusing on Bitcoin. He appears skeptical of Bitcoin’s trajectory, suggesting that it has been co-opted by major financial players like BlackRock. Hunt posits that what was once heralded as a decentralized monetary system is now being manipulated by institutional giants, diminishing its initial promise as an alternative to traditional finance.

If gold is a conservative bet in uncertain times, Hunt points to silver as an asset with significant potential. “Silver has applications not only in investment but also in industry—particularly in renewable energy technologies,” he explained. This dual demand could propel its value upward as green technologies gain traction and global initiatives push towards sustainability. Hunt believes investors should closely monitor silver as an underrated asset with much room for growth.

The conversation also touched upon current political sentiments, particularly regards to a potential Trump presidency. Hunt’s analysis underscores the polarizing effect of political narratives on the economy.

Francis Hunt’s discussion with Jesse Day paints a picture of an economic environment that is fraught with complexity and uncertainty. While the strategies and correlations he presents may seem contradictory at first glance, they form a cohesive narrative about an economy under strain. Investors navigating this landscape might find themselves grappling with both traditional and emerging assets.

In times marked by rapid change and potential destabilization, both Hunt’s cautionary stance and the investment strategies he advocates—shorting oil, going long on gold, and keeping a close eye on silver—offer a roadmap for navigating the complexities of our economic future. Whether or not you align with Hunt’s views, their consideration prompts essential dialogue on the intersection of finance, politics, and the overarching forces shaping our world today.

https://youtu.be/SEp2amQGy2o

https://dinarchronicles.com/2024/11/19/vric-media-controlled-demolition-of-economy-underway-short-oil-and-go-long-gold/