Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8

7 Key Signs You’ve Reached Financial Freedom

7 Key Signs You’ve Reached Financial Freedom

Caitlyn Moorhead  Tue, December 3, 2024  GOBankingRates

Achieving financial freedom is a goal many aspire to, but how do you know when you’ve truly passed that financial finish line?

This concept goes beyond just having a hefty bank balance in your savings account; it’s about living life on your own terms. Whether you have just started investing or have been consistently adding to your retirement accounts, how you reach your short-term or long-term financial goals has many paths.

Financial advisors have an array of methods you should try such as developing passive income streams, diversifying your investment portfolio or even moving your savings to where you can earn the highest interest rates. No matter what financial advice you take, determining when you reach financial freedom will feel differently depending on your ultimate goals.

7 Key Signs You’ve Reached Financial Freedom

Caitlyn Moorhead  Tue, December 3, 2024  GOBankingRates

Achieving financial freedom is a goal many aspire to, but how do you know when you’ve truly passed that financial finish line?

This concept goes beyond just having a hefty bank balance in your savings account; it’s about living life on your own terms. Whether you have just started investing or have been consistently adding to your retirement accounts, how you reach your short-term or long-term financial goals has many paths.

Financial advisors have an array of methods you should try such as developing passive income streams, diversifying your investment portfolio or even moving your savings to where you can earn the highest interest rates. No matter what financial advice you take, determining when you reach financial freedom will feel differently depending on your ultimate goals.

Here are seven key signs that indicate you’ve reached financial freedom and how you can recognize them when you do.

You Live Comfortably Within Your Means

Living within or beneath your means is the bedrock of financial freedom. This doesn’t imply scrimping and saving but rather spending wisely in alignment with your income or when your income increases. When you’re financially free, your lifestyle doesn’t strain your finances.

You can comfortably afford your living expenses and occasional luxuries and still have money left over without surviving paycheck to paycheck. This balance is a clear sign that you’re financially comfortable and managing your resources effectively.

You Have No High-Interest Debt

High-interest debt, like credit card balances, can be a major obstacle on the road to financial freedom, especially when it can so easily spiral.

If you’ve reached a point where you’re not necessarily debt-free but free from paying high interest, it’s a significant milestone. It indicates not only that you’ve managed past debts well, but also that you’re likely making prudent financial decisions to avoid future high-interest liabilities.

You Have a Robust Emergency Fund

An emergency fund is your financial safety net, designed to cover unexpected expenses or financial shocks like medical emergencies or job loss.

Having a substantial emergency fund that can cover several months of living expenses is a clear indicator of financial freedom. It means you’re prepared for life’s uncertainties and can handle a multitude of financial scenarios without derailing your stability or spiraling into debt.

Your Investments Are Growing

TO READ MORE: https://www.yahoo.com/finance/news/7-key-signs-ve-reached-170008581.html 

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MarkZ, Chats and Rumors Dinar Recaps 20 MarkZ, Chats and Rumors Dinar Recaps 20

Wednesday Evening Chat With MarkZ 12-4-2024

Wednesday Evening Chat With MarkZ

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Good evening one and all…..

Member: I heard from a lil bird that this weekend will be something special!!

Wednesday Evening Chat With MarkZ

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Good evening one and all…..

Member: I heard from a lil bird that this weekend will be something special!!

MZ: We did have some good news out of Iraqi parliament today. “Parliamentary Finance : Satisfaction and optimism with the rate of completion of the government program” They want you to know that they made great progress and have expectations for the budget to be voted on in the next few days.I am looking forward to seeing the news tomorrow morning.  

MZ: From insider news and other sources in Iraq- I have more confirmations that they are trying to having it done by Dec 10th and Victory Day. It made me feel really good to hear this from another source or two.

Member: Heard auctions would cease on 12/31. Then dinar would have a new rate

MZ: No new bond news today.

Member: Could it be the news coming out for the “RV” that the bonds are already laying in waiting for the signal and we all go together?? Just a thought

Member: MM's crew debunked those ridiculous notes - we are looking for 1's, 5's, etc if the dinar is worth more than the dollar

MZ: Yes we are looking for the 1’s and 5’s….but think the $250’s could act as a bridge for in between. This is just a first step…and as the dinar value goes way up- they will need 1’s and 5’s.

Member: And TNT says those smaller notes will be out shortly.

MZ: “Trump nominates Paul Atkins to lead securities and exchange commission”  What does this tell us?  A shift to crypto friendly policies. This is taking power away from the Federal Reserve.

Member: Mark do you know how things are going to work when rv happens.  Some say there is no 800 numbers and we go to the bank?

Member: You are free to do as you wish. I am going to a designated redeeming bank/redemption center with the security and the people trained to do our exchanges.

Mod: FOR THE ANNOUNCEMENT OF THE 800 #s… SIGN UP AT THESE WEBSITES: Dinar Chronicles: http://www.dinarchronicles.com OR https://dinarrecaps.com

Member: I wonder -will we know the rates before we get to the RV?

Member: Whatever the rates…it will be much more than we have now.

Member: Good night all and see you in the AM……Sweet RV dreams

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=YgxhXifRfZQ

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Bruce’s Big Call Dinar Intel Tuesday Night 12-3-24

Dec 4

Bruce’s Big Call Dinar Intel Tuesday Night 12-3-24 

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It's Tuesday, December 3RD and you're listening to the big call. Thanks for tuning in again. Everybody, wherever you're located, all over the globe, as I know, our satellite team is getting the signal out pretty much around the world, and I'm very excited to be here tonight and to share very good information with you. Looking  forward to that.

 All right, let's get into the Intel portion of this call tonight.  You know, guys, I didn't want a call on Thanksgiving night last Thursday. And as it is, it's a good thing. We actually did get some information over the weekend. We didn't really miss anything, except we had heard that we would be going any day now, and that is still true.

Bruce’s Big Call Dinar Intel Tuesday Night 12-3-24 

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It's Tuesday, December 3RD and you're listening to the big call. Thanks for tuning in again. Everybody, wherever you're located, all over the globe, as I know, our satellite team is getting the signal out pretty much around the world, and I'm very excited to be here tonight and to share very good information with you. Looking  forward to that.

 All right, let's get into the Intel portion of this call tonight.  You know, guys, I didn't want a call on Thanksgiving night last Thursday. And as it is, it's a good thing. We actually did get some information over the weekend. We didn't really miss anything, except we had heard that we would be going any day now, and that is still true.

There has been a comment that was put out that I found out about that said that Bruce doesn’t know what he's talking about when it comes to contracts or redemption centers. Well, let me tell you why I know what I know. We have the leaders that we talk to personally at five different redemption centers, so we're getting the straight scoop from redemption center leaders, and it's tightened up because they're under brand new NDAs as of last night and today.

 But when I tell you that there are over 6000 redemption centers in the United States, you can take it as fact there are, and that's what the 800 numbers will give you access to through the call centers that work the calls that are the ones we generate with the 800 number, and we'll end up getting transferred directly to that redemption center that corresponds closest to the zip code that we enter When we're calling the call center through the number, we're not going to be using banks. Some of the redemption centers are next to banks. Connected to Banks. Some are wealth management offices. Some are completely different.

But realize this, It has designed this way so that those who use the redemption centers would get the best rates, especially on dinar and quite possibly also on Dong and some of the other currencies.

So don't say are not happening and that the redemption centers not real. They're very real, and they're happening, and that's what we're going to be using. The other thing is, the contract rate is a real thing, and, no, we don't have to be under a contract to get the contract rate on a dinar. Do you think I'm going to tell you something about this that's not true ?, really?. Please

There is a contract rate. I know where it is - I'm not supposed to say what it is , so I won't, but I can tell you, it's way better than the front rates and the bank screen rate. It's way higher, and it's because President Trump wants to get the best we can possibly get on the dinar, so that we can go, go from there and do these projects.

So I had to just comment on that and say, Look, they are supposed to offer you the contract rate on dinar, if for some reason you don't feel you got that, ask about that. And then you don't have to have projects, to get the contract. Right. Okay, like let's say all you have is dinar and there's some people that have been a long time that they bought  dinar and quit

That's all they did. They didn't buy Dong, they didn't buy Zim. They didn't buy  rupiah -   they did not buy the bolivar from Venezuela. That's going to be, of course, Venezuelan Bolivar. So what I'm saying is they should be giving you and telling you that you can have the contract rate on dinar, even if you’re a zim holder don't leave it on the table, don't leave several million or billion dollars on the table. Go ahead and thank them for it. Take advantage of the contract rate

Now  what's really been interesting? I gotta get my calendar in my head right here. Today's the third we had information that was saying, let's see where did we get going to go with this?

Okay, what we've heard is that, like I said, a lot of the a lot of the redemption centers are no longer able to communicate. They have NDAs brand new non disclosure agreements that they've signed effective yesterday that limit who they can even talk to. There are some people that have had their numbers removed from their contact list. They're no longer able to talk to certain people that we talk to.

And what's interesting is we still managed to dig out some information,  you know, that's meaningful to us, and I'm going to try to concentrate and focus on something that I wanted to definitely bring up to You guys. The…… Okay, let me go this way.

What happened In Iraq, and we tend to go back to Iraq because they have been called the linchpin of this – of these exchanges. And so we go back talk about what's happened in Iraq? We know from our Iraqi sources that they have, they had a new rate that came out Sunday a couple of days a couple of days ago, and that they now have, in the entire country of Iraq, all the new lower denominations, like the five dinar notes – like our notes 10 - 20s, 50s and hundreds,  use to have coin that was 100 dinar.

 I had one of those. I don't know what I did with but the all these notes that we call lower denominations are out throughout Iraq and being utilized. In other words, they've had to change their prices to reflect  the lower  denomination values and realize the rate inside Iraq is a very good revalued rate right now.

Now it's supposed to go up. All rates are supposed to go up tomorrow, Wednesday, on screens in the centers and in the banks, but for right now in Iraq, and we heard this yesterday from one of our Iraqi sources, that President Trump called President sudani of Iraq, and congratulated him on the completion of the financial reform in Iraq.

And what do we mean by that? We're saying that the lower denominations, but the dinar in lower deeds is out in the banks, at the ATMs, in the airport, in shops and restaurants - all the way throughout the country.

Now what else did they do? Financial reforms included the old HCL, the hydrocarbon law, the oil and gas law, because citizens of Iraq are getting a percentage of the profits of oil exploration throughout Iraq.

And remember, for a long, long time, Kurdistan was to get X percentage. They wanted a little bit more, and then Baghdad wanted a little bit. And it went back and forth and back and forth, and they finally settled on the percentage.

My understanding is that now they're settling up and paying out citizens on the oil and gas law, the HCl hydrocarbon law,and they're paying in newly revalued dinar. So that's cool.

It's also interesting that they couldn't get  confirmation on this exactly, but I bet they are paying on pensions and military pay and contractors back pay that was due now. I believe they're setting up with that now. So this is a really good sign. I think the fact that it's happening now, and new rates are coming up on the screen  and we can come up on the screen tomorrow, Wednesday, on dinar Dong would be a lot of different currencies. That bodes well for us.

We had heard from, I think, four or five different sources, that tomorrow is definitely in play on the fourth and it might be notifications Wednesdays,  exchanges Wednesdays,  or it could be notifications, Wednesday exchanges, Thursday on Charlie Ward, Thursday. It could very well be,

I can't say it's going to be one way or another, but this is what we're hearing, how close we are right now. That's how close we are. I mean, why are all of these people under super serious brand new NDAs yesterday and today? If we're not that close, they would be, except we are that close, and

I'm excited, because the potential -- The cool thing is that we're looking forward to moving into this new direction. I've lost my train of thought temporarily, but I'm going to try to get it back and see if there's anything else I want to bring up tonight. I know you guys are ready for this to go.

We all are, and have been ready for quite a while, this is a time to sort of go through everything, make sure that you have your proof of, well, you're going to need some kind of ID, like a student ID, or a driver's license, a passport would be great with A driver's license and basically have everything that you need to get ready to go into center. And that typically means that you need to have your  utility bill or two to show us where you've been living, or where you live now? Am I trying to do? I'm trying to get intel. I have a perfectly good kitty cat once on my left. That's okay. That's okay. You can do that. Maybe this will help me focus.

But it's,  it's  the timing of this going now makes complete sense. You know, it's hard to say any of this makes sense in some ways, but we know that globally, this whole Global Currency Reset is happening? Is going on?

And don't be surprised if something else happens in our favor prior to the inauguration, prior to that, it's hard for me to say I get information that I can't put that out, but I feel good about that possibility. Very good about it.

This has been a tough one to try to bring everything that I've been thinking about rehearsing in my mind together for tonight's call. But I can tell you that we believe we are extremely close. Some of the people have told us, have given us the days, like I mentioned Wednesday with new rates coming up

And that the dinar is has been on the Forex has been on the ISX, it's being traded, and it’s being used as the currency of choice in the Middle East in about seven or eight countries. And it's very, very exciting to see that happening. Very exciting. I'm looking forward to it.

Other than that, I think that's everything I wanted to bring tonight,

And those Med Beds are coming out. As soon as we started, they're available the wait until exchanges start, and then we'll be able to go by in other words, if you have somebody that you want to get in, if they're a Zim holder, especially if they have dire need, they move to the top of the list. And that's going to be very helpful for a lot of people.

We never know if this is the last call that we're going to do publicly on the big call. We never know today's Tuesday, we may or may not have a call Thursday, depending on what happens tomorrow and Thursday, we could, but it might be a celebration call.

We might have numbers, and we've been asked to put the numbers out if we get them live on call, and I'll be prepared to do that if we get them and have it all. So just a heads up on that.

 That's what I wanted to talk about tonight, we also plan to put the toll free number on the landing page of big call universe.com when we get them. So you have that way we're laying out, and I'm sure the number will be out on the blogs either way.

All right, so you guys have a great night and a great day tomorrow. Let's see something box for us tomorrow. It may be Thursday, but we'll see one day, and we'll be ready either way. All right, thanks everybody. Let's pray the call out,

 Okay, guys, have a great night. We'll talk to you when we talk to you could we buy email.

 

Bruce’s Big Call Dinar Intel Tuesday Night 12-3-24 REPLAY LINK  Intel Begins 1:16:12

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Bruce’s Big Call Dinar Intel Thursday Night 11-28-24  REPLAY LINK  NO CALL

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Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 12-04-24

Good Afternoon Dinar Recaps,

WHY HEDERA STANDS OUT: GOVERNANCE, INSTITUTION-FOCUS, TOKENIZATION, AND MORE—IS HBAR A SLEEPING GIANT?

▪️Hedera has been highlighted as one of the notable institution-focused distributed ledger technologies with incredible use cases.

▪️An analyst has spotted the formation of a golden cross, which could soon send HBAR to $1.


Hedera (HBAR) has been impressive so far, as it prints a staggering 669% surge on its monthly price chart and a 139% surge on its weekly price chart. At press time, the asset was trading at $0.329. However, its 24-hour trading volume has declined by 36%, with $4.6 billion changing hands.

Good Afternoon Dinar Recaps,

WHY HEDERA STANDS OUT: GOVERNANCE, INSTITUTION-FOCUS, TOKENIZATION, AND MORE—IS HBAR A SLEEPING GIANT?

▪️Hedera has been highlighted as one of the notable institution-focused distributed ledger technologies with incredible use cases.

▪️An analyst has spotted the formation of a golden cross, which could soon send HBAR to $1.


Hedera (HBAR) has been impressive so far, as it prints a staggering 669% surge on its monthly price chart and a 139% surge on its weekly price chart. At press time, the asset was trading at $0.329. However, its 24-hour trading volume has declined by 36%, with $4.6 billion changing hands.

Subjecting Hedera to critical analysis, crypto, and stock rating platform, Weiss Crypto has pointed out that the asset is backed by efficient technology and an evolving ecosystem that makes it exceptional amid competitors.

Firstly, Weiss Crypto highlighted that Hedera is one of the most “notable institution-focused distributed ledger technologiesAccording to the post, Hedera’s governing council is made up of 32 major financial institutions, including IBM (IBM), Google, Dell (DELL), Boeing (BA), and Deutsche Telekom.

On the blockchain, the platform explained that Hedera’s network is permissioned, unlike the permissionless blockchains. 

This implies that it only facilitates the approval of entities that can become nodes. Additionally, this makes it a perfect match for Real-World Asset (RWA) use cases. The post also highlighted its active involvement in asset tokenization.

Hedera is actively involved in tokenizing assets like commercial real estate, securities, carbon credits, and even diamondsThrough these applications, Hedera is positioning itself as one of the leading players in the adoption of blockchain technology for institutional use.

More About Hedera (HBAR

Hedera is strengthening its position in the Web3 ecosystem by sealing jaw-dropping partnerships and introducing cutting-edge solutions. Recently, NoviqTech strengthened its partnership with Hedera by acquiring an additional 490,622 HBAR tokens for $150,000, increasing its holdings to 1.5 million.

According to NoviqTech’s Chief Executive Officer (CEO) Freddy El Turk, Hedera has extensively contributed to the success of its Carbon Central environmental monitoring platform.

Our growing investment in Hedera is a clear testament to our belief in its transformative potential. Hedera provides the perfect platform to power Carbon Central’s mission of delivering unparalleled transparency and efficiency in ESG compliance and traceability and we look forward to deepening this partnership as we continue to invest in its ecosystem and align our innovative solutions with its cutting-edge technology.

Recently, CNF reported that Hedera has been integrated into the Federal Reserve’s FedNow payment platform via Dropp. As we disclosed, it would facilitate real-time payment with increased security and efficiency.

Ripple has also partnered with Hedera for USD transactions. However, Ripple is waiting for regulatory approval to launch its stablecoin RLUSD. 

Also, there has been growing optimism around the spot HBAR Exchange Traded Fund (ETF) filed by Canary Capital to the U.S. Securities and Exchange Commission (SEC). With the SEC chair Gary Gensler stepping down, this product could be approved and send the price skyrocketing.

According to analysts, HBAR is currently forming a golden cross pattern as its 50-day (SMA 50) trends above the 200-day (SMA 200) simple moving averages. A validation of this thesis could see the asset hitting $1

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

BRICS NEWS:  BRICS TO ADOPT BITCOIN FOR TRADE SETTLEMENTS?

In a new sit-down interview, BRICS Member Russia’s president, Vladimir Putin, sang praises for the recent growth of the Bitcoin cryptocurrency. Speaking on Russian TV, Putin said that Bitcoin & digital assets will continue to develop.

In the past, the alliance has revealed plans that align with the crypto industry, particularly surrounding its new currency under development. Indeed, BRICS proposed the use of Bitcoin for international payments at its 2024 Summit. Now, one of the bloc’s leaders, Vladimir Putin, says that Bitcoin is inevitable.

When discussing the potential regulation of Bitcoin, Russia’s president rhetorically asks “Who can ban Bitcoin,” before quickly answering “Nobody.” “These are new technologies, and no matter what happens to the dollar, these tools will develop one way or another,” he adds. As the world strives “to reduce costs and increase stability,” in Putin’s eyes, methods like Bitcoin are becoming more popular. This message is also eerily similar to that of the BRICS currency, one set to rival the US dollar upon launch.

The economic alliance has continued to find new ways to promote local currencies through its policies. Moreover, there has been discussion that cryptocurrencies could factor into that in a massive way. Bitcoin could be set to play a big part in the BRICS bloc over the next several years, especially after Putin’s recent comments.

BRICS Member Russia Recognizes Bitcoin and Crypto’s Potential

Furthermore, according to recent reports, digital currencies are now formally recognized as a type of property in international trade settlements. This falls under a new law that has now been approved in Russia by PutinThe president has jumped into the crypto scene by embracing digital assets for trade, including Bitcoin. 

Other members of the bloc: including China and Brazil, have also recently begun backing Bitcoin and crypto. Most notably, a bill was introduced in Brazil to develop a Bitcoin treasury reserve. The bill is currently being reviewed by Brazil’s government.

By establishing a legal framework, Russia’s legislation is expected to accelerate the adoption of digital assets within its financial ecosystemPutin’s latest comments further reflect Russia’s strategic interest in leveraging Bitcoin for geopolitical and economic advantages.

 During the Ukraine conflict, Bitcoin was utilized to mitigate the impact of Western sanctions. Russia is also in talks to digitalize the Ruble on the XRP Ledger.

In the future, the digital asset industry, led by Bitcoin, will likely shake up the BRICS bloc and how it sees trade. As a result, de-dollarization could see a new level brought by cryptocurrency.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

TOP 5 REASONS TO INVEST IN IRAQI DINAR RIGHT NOW  |  Youtube

@ Newshounds News™

Source:  
Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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How BRICS+ and Trump’s Policies Shape My GCR Prediction for 2025

How BRICS+ and Trump’s Policies Shape My GCR Prediction for 2025

Awake-In-3D  December 3, 2024

What happens when Trump’s America First agenda collides with BRICS+ monetary strategies?

The global financial system stands at a crossroads. With Donald Trump’s return to the presidency in 2025 and BRICS+ nations advancing gold-backed alternatives, the stage is set for a transformative shift in the world’s monetary order.

My GCR prediction for 2025 highlights how Trump’s America First policies and BRICS+ initiatives are reshaping the dollar’s role in global trade. Together, these forces signal the dawn of a decentralized, asset-backed economy, challenging the dominance of the US dollar and redefining the global financial landscape.

How BRICS+ and Trump’s Policies Shape My GCR Prediction for 2025

Awake-In-3D  December 3, 2024

What happens when Trump’s America First agenda collides with BRICS+ monetary strategies?

The global financial system stands at a crossroads. With Donald Trump’s return to the presidency in 2025 and BRICS+ nations advancing gold-backed alternatives, the stage is set for a transformative shift in the world’s monetary order.

My GCR prediction for 2025 highlights how Trump’s America First policies and BRICS+ initiatives are reshaping the dollar’s role in global trade. Together, these forces signal the dawn of a decentralized, asset-backed economy, challenging the dominance of the US dollar and redefining the global financial landscape.

The Trump 2.0 Shockwave: Tariffs and Reshoring in 2025

President Trump’s second term ushered in sweeping changes to America’s economic and trade policies. Massive tariffs on imported goods targeted reducing the longstanding US trade deficit. At the same time, government departments, led by the newly created Department of Government Efficiency (DOGE), began slashing federal spending in areas seen as wasteful. These changes sought to make the US more self-reliant and reduce its dependence on foreign economies.

However, the consequences of these policies extend far beyond US borders. By curbing imports and reducing the flow of dollars into global markets, Trump’s actions inadvertently exacerbate a looming problem: the world’s excessive reliance on the US dollar. With fewer dollars circulating internationally, trade settlement became more cumbersome, creating pressure on other nations to find alternatives.

The Trump Administration’s combative stance against globalism and its emphasis on “America First” pushes foreign investors to reconsider US economic stability. In this environment, a coalition of emerging economies, led by BRICS+ (Brazil, Russia, India, China, South Africa, and new members), began accelerating their efforts to establish a multipolar monetary order.

BRICS+ and My GCR Prediction for 2025

For decades, BRICS nations have sought to reduce their reliance on the US dollar, often citing concerns over America’s ability to weaponize its currency through sanctions and financial restrictions. Under Trump’s leadership, these concerns deepen, leading to the creation of gold-backed digital currencies and a push for trade in national currencies.

China, the largest economy within BRICS, leads this movement. In partnership with Russia, it launched a gold/oil-backed offshore yuan, providing an alternative to dollar-based trade. This digital currency is rapidly gaining traction among BRICS nations and their trading partners, offering stability and security in a time of economic turbulence.

Additionally, BRICS+ has expanded its currency basket to include other major players, such as Saudi Arabia and the United Arab Emirates, which have shown interest in gold-linked financial systems. This marks a dramatic shift in global finance, as countries that once relied on the dollar for trade and reserves now look to alternatives rooted in tangible assets.

Key Drivers of My GCR Prediction for 2025

The convergence of Trump’s isolationist policies and BRICS+ initiatives creates a convergence of forces for the GCR. The dominance of the dollar, already undermined by years of quantitative easing and ballooning US debt, faces significant challenges from a decentralized and asset-backed monetary order.

One key driver of the GCR prediction for 2025 is the growing use of gold-backed digital currencies. These instruments blend the stability of gold with the efficiency of blockchain technology, making them ideal for international transactions. Their adoption is particularly rapid in energy markets, where oil-exporting nations like Saudi Arabia begin pricing crude in currencies other than the dollar.

As confidence in the dollar wanes, countries diversify their reserves, shifting from US treasuries to gold and other hard assets. This trend is amplified by Trump’s policies, which push foreign investors to reconsider US economic stability.

The Role of Currency Revaluation (RV)

A GCR prediction for 2025 will present a Revaluation of Currencies (RV) to reflect the new monetary realities discussed above. BRICS+ nations will recalibrate their exchange rates to account for their increased reliance on gold-backed systems. This will lead to significant shifts in global trade balances, as countries with strong commodity reserves gain leverage over traditional fiat economies.

For the US, the RV presents a double-edged sword. On one hand, the weakening of the dollar makes American exports more competitive, aligning with Trump’s goal of reshoring production. On the other hand, it diminishes the dollar’s purchasing power, leading to higher costs for imported goods, fueling domestic inflation and result in a significantly reduced US Dollar exchange rate against emerging market sovereign currencies.

Winners and Losers in My GCR Prediction for 2025

As the GCR unfolds, certain actors stand to benefit more than others:

  • BRICS+ Nations: By diversifying their reserves and adopting gold-backed currencies, these countries gain greater control over their economic destinies. Their collaborative efforts position them as leaders in the post-dollar era.

  • Gold and Crypto Markets: The demand for gold-backed digital currencies and stablecoins skyrockets, with the crypto market projected to surpass $10 trillion. These assets offer a safe haven for investors seeking refuge from fiat volatility.

  • US Exporters: The dollar’s decline makes American goods more affordable on the global market, spurring a resurgence in domestic manufacturing.

Conversely, countries heavily reliant on dollar-based trade face significant challenges. Many emerging markets grapple with higher debt servicing costs as the dollar’s value fluctuates, creating economic instability in the short term.

The Bottom Line for My GCR Prediction for 2025

Trump’s second term accelerates the decline of the US dollar’s dominance, but it also catalyzes a broader transformation of the global monetary system. As BRICS+ nations lead the charge toward a decentralized and asset-backed economy, the world is witnessing the most significant Global Currency Reset in modern history.

The implications are profound, not only for the dollar but for the entire global financial landscape. While the transition is likely to be turbulent, it offers an opportunity to create a more balanced and resilient monetary order—one that reflects the multipolar realities of the 21st century. It will also generate significant exchange rate differential opportunities against countries still using pure fiat currencies.

=======================================

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews

Follow me on Twitter: @Real_AwakeIn3D

https://ai3d.blog/how-brics-and-trumps-policies-shape-my-gcr-prediction-for-2025/

 

 

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

BRICS is Moving Forward to Create Dollar Alternative

BRICS is Moving Forward to Create Dollar Alternative

Gregory Mannarino:  12-3-2024

In a dramatic assertion, former President Donald Trump recently warned that the emerging economic alliance of BRICS nations—Brazil, Russia, India, China, and South Africa—poses a substantial threat to the dominance of the U.S. dollar.

Speaking at an event, Trump’s fiery rhetoric emphasized a growing urgency in response to BRICS’ ambitious plans to develop an alternative to the dollar for international trade.

BRICS is Moving Forward to Create Dollar Alternative

Gregory Mannarino:  12-3-2024

In a dramatic assertion, former President Donald Trump recently warned that the emerging economic alliance of BRICS nations—Brazil, Russia, India, China, and South Africa—poses a substantial threat to the dominance of the U.S. dollar.

Speaking at an event, Trump’s fiery rhetoric emphasized a growing urgency in response to BRICS’ ambitious plans to develop an alternative to the dollar for international trade.

BRICS, formed as a coalition of rapidly developing economies, has been making headlines for its efforts to redefine the global financial landscape. With its members representing over 40% of the world’s population and approximately 25% of global GDP, the bloc is increasingly seen as a formidable economic powerhouse.

Over the past few years, BRICS nations have been robustly advocating for a diversified monetary system, one that could potentially bypass the dollar, thereby altering the way international trade and investment are conducted.

Trump’s warning comprehensively reflects concerns within U.S. financial and political circles. The U.S. dollar has maintained its status as the world’s primary reserve currency for over seven decades, a position that has allowed the United States to exert significant influence over global trade and finance.

 A shift away from the dollar towards a multi-currency system could undermine American economic power, lead to inflationary pressures, and affect the ability of the U.S. government to finance its debt.

Economists have highlighted that if BRICS successfully establishes a viable alternative currency for trade, the ramifications could be profound. Countries may pivot away from dollar-denominated transactions, reducing demand for the currency. This scenario could lead to a decline in the dollar’s value and economic instability that could ripple worldwide.

Trump’s remarks underscore a broader narrative being shaped not only among his supporters but also among some policymakers who see the BRICS initiative as a strategic challenge to U.S. hegemony. His use of the phrase “All hell to pay!” reflects a staunch belief that the U.S. must not only recognize these developments but also take proactive measures to maintain its economic leadership.

In light of these developments, discussions surrounding U.S. foreign policy, trade agreements, and economic strategies are likely to come to the forefront. Lawmakers may face pressure to reassess relationships with BRICS countries and explore ways to bolster the dollar’s position globally.

In response to concerns like those expressed by Trump, BRICS nations continue to advance discussions regarding a common currency and the concept of trade in local currencies. Their recent meetings have underscored a commitment to engineering a financial framework that diminishes dependency on the dollar. This direction could potentially revolutionize how countries interact financially on the world stage.

As BRICS moves forward with practical steps to establish this alternative framework, it is evident that the geopolitical landscape is evolving. In a world increasingly characterized by multipolarity, the U.S. must navigate these challenges deftly to sustain its influence.

Trump’s warning encapsulates an evolving reality where traditional power dynamics are being challenged. The BRICS alliance could be a pivotal player in this transformation, igniting discussions on economic sovereignty and national security.

As the global financial architecture continues to change, the United States faces critical decisions on how to respond to emerging threats, ensuring its dollar remains at the forefront of international commerce.

The next few years will be crucial in determining the future of the dollar and the potential reshaping of global economic norms.

https://youtu.be/OGHgi8jjGjQ

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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20

Coffee with MarkZ and Jason from Glint and Andy Schectman. 12/04/2024

Coffee with MarkZ and Jason from Glint and Andy Schectman. 12/04/2024

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 Mark Mods and everyone

Member: What do you all think about the rumor of it going by this weekend?

Member: Rumor? The dinar 3.89 on the ForeX

Coffee with MarkZ and Jason from Glint and Andy Schectman. 12/04/2024

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 Mark Mods and everyone

Member: What do you all think about the rumor of it going by this weekend?

Member: Rumor? The dinar 3.89 on the ForeX

MZ: Dinar Recaps had an article yesterday highlighting the new lower denoms in Iraq with pictures….”Central Bank of Iraq is pleased to present the Iraqi banknotes in circulation” $250 notes are showing up in mass….and we are seeing more of the $50’s as well. The $250 notes are only worth .19 cents US right now. Why would they release these unless they were about to raise the value of their currency?

Member: Bruce said the same thing about the lower denom's showing up all over Iraq!

MZ: “Parliament finance moves to adjust retirement age in Iraq” they are moving it from age 60 to age 63. 

MZ: This is making news all over: “ The turning point: Iraq’s leap into the digital economy” they have completed the transition. They are only a point or two away from a total transformation of their system…..This article comes from the UN. .

Member: Securities Commission: Iraq Stock Exchange Leads Arab Financial Markets...How is this possible at a program rate?

Member: Sounds like Iraq’s walking off BP site. Protesters massing for nonpayment. 

Member; did you all see that employees working for BP in Kurdistan are striking because they have not been paid in 3 months . They gotta get payed due to the contract they signed with BP

Member: Maybe these protests will make the Iraqi Gov. do something already….sheesh.

MZ: Pretty quiet on the bond side and all sides including groups this morning. A lot of people had big expectations for overnight last night

MZ:  I am still waiting to hear something warm and fuzzy from my largest bond holder/facilitator.  He purchases for Central Banks and countries.

Member: Word is a lot of NDAs have been signed and massive penalties for Violation of NDAs.

MZ: Yes……..A complete removal of all their money.

Member: COPIED Bank story. Called bank yesterday. Senior banker told me….Can't say much but big news to his bank today and all he really can really say is that I can hold my breath….. I've been giddy all night

Member: Mark. do you anticipate anything before Trump is officially in office?

Member: I think private groups may go before….but general public goes after Jan 20th.

Member: Good morning Mark….Trump made a comment we would be all on same level playing field with currency ……would that mean all the currency would have to go at once?

Member: BREAKING: Nationwide blackout hits Cuba

​​Member: Are we ever going to see the RV, it seems we are being constantly duped…even though it’s “so close” I and I believe many are losing faith.

Member: I say Get your clothes ready, go over your currencies. It’s about to pop!!

Member: I'm just praying it goes before Christmas

Member: Thanks to all for your valuable information. Have a great day today.

Andy Shectman from Miles Franklin and Jason from Glint join the stream today. Please listen to the replay for their information and opinions

Mod: GLINT WEBSITE- https://glintpay.com/us/gold

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=7pphzl0i-go

 

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Iraq Economic News and Points to Ponder Wednesday AM 12-4-24

Minister of Finance discusses joint cooperation with World Bank representative in Iraq

Tuesday 03 December 2024 | Economic Number of readings: 352  Baghdad / NINA / Minister of Finance Taif Sami Mohammed discussed today, Tuesday, with the World Bank Representative in Iraq, Jean-Christophe Carret, ways to enhance cooperation between Iraq and the World Bank to support development projects and economic reforms.

The Minister of Finance stressed to the Bank Representative: "The importance of partnership with the World Bank in financing programs aimed at achieving sustainable development, expressing at the same time her welcome to Emmanuel Salinas, who was appointed as the new representative of the Bank to Iraq instead of Richard Abdel Nour, whose duties in Iraq ended last November, wishing him success in his new tasks and supporting development relations between the two sides in a way that achieves the interests of Iraq and its people.

Minister of Finance discusses joint cooperation with World Bank representative in Iraq

Tuesday 03 December 2024 | Economic Number of readings: 352  Baghdad / NINA / Minister of Finance Taif Sami Mohammed discussed today, Tuesday, with the World Bank Representative in Iraq, Jean-Christophe Carret, ways to enhance cooperation between Iraq and the World Bank to support development projects and economic reforms.

The Minister of Finance stressed to the Bank Representative: "The importance of partnership with the World Bank in financing programs aimed at achieving sustainable development, expressing at the same time her welcome to Emmanuel Salinas, who was appointed as the new representative of the Bank to Iraq instead of Richard Abdel Nour, whose duties in Iraq ended last November, wishing him success in his new tasks and supporting development relations between the two sides in a way that achieves the interests of Iraq and its people.

The Minister stressed: "The Iraqi government's keenness to implement financial and economic reforms to ensure the stability of the national economy. It is working to implement these reforms with the aim of enhancing sustainable growth, improving the management of financial resources, combating corruption, and strengthening transparency in government institutions.

For his part, the World Bank representative praised the Iraqi government's efforts to improve the economic environment and implement programs that enhance transparency and efficiency, expressing the bank's readiness to provide more technical and financial support in line with Iraq's development priorities.

The two sides agreed to continue coordination and joint work to achieve strategic goals and enhance economic stability in the country. /  https://ninanews.com/Website/News/Details?key=1172536

Iraq Stock Exchange Trades Shares Worth More Than 2.5 Billion Dinars

Stock Exchange  Economy News – Baghdad  Today, Tuesday, the Iraq Stock Exchange recorded an increase in the value of traded shares, while the number of listed deals reached 816 deals.

The Iraqi market traded more than 2.3 billion shares, with the value of traded shares reaching 2.5 billion dinars.

The number of deals listed during today’s trading session reached 816 deals, with a change rate of 1.50%.

Five banks were the most active companies in terms of the number of shares traded and the traded value, with the International Islamic Bank coming in first place with more than one billion shares traded, followed by Al-Mansour Bank with more than 385 million shares traded.

United Investment Bank ranked third with more than 182 million shares traded, while Gulf Commercial Bank ranked fourth with more than 171 million shares traded. The Bank of Baghdad ranked fifth, after trading more than 102 million shares.

107 views  Added 12/03/2024 - 3:15 PM  https://economy-news.net/content.php?id=50497

Oil Prices Fall Slightly Ahead Of OPEC+ Meeting.. Brent Below $72

Energy  Economy News - Follow-up  Oil prices fell slightly amid mixed signals in the market on Tuesday, as traders awaited the outcome of this week's OPEC+ meeting.

Brent crude futures were down 9 cents, or 0.13%, at $71.74 a barrel by 0205 GMT. U.S. West Texas Intermediate crude was down 14 cents, or 0.21%, at $67.96.

“Investors are in a wait-and-see mode ahead of the OPEC+ meeting,” analysts at ANZ said in a note.

OPEC+ sources said the alliance of OPEC countries and allies led by Russia will extend the latest round of output cuts until the end of the first quarter at its meeting on Dec. 5.

OPEC+ had aimed to roll back the cuts in the first quarter of 2025, but expectations of oversupply weighed on prices.

OPEC+ pumps about half of the world's oil.

Researchers and analysts say that demand for oil in China is expected to peak next year, widening the gap between demand and supply.

Concerns that the Federal Reserve will not cut interest rates at its December meeting kept oil prices in check, offsetting some positive signals from China where the purchasing managers' index rose to a seven-month high in November.

Oil prices on both sides of the Atlantic fell by more than three percent last week.

In the Middle East, violations of a U.S.-brokered ceasefire between Israel and the militant group Hezbollah continued, with nine people killed in strikes on two towns in southern Lebanon shortly after Hezbollah fired rockets at an Israeli military post in the disputed Shebaa Farms area on Monday.   https://economy-news.net/content.php?id=50479

The Minister Of Finance Discusses With The Representative Of The World Bank In Iraq Joint Cooperation
 
Tuesday 03, December 2024 | Economical  Number of readings: 512   
Baghdad / NINA / Minister of Finance, Taif Sami Muhammad, discussed, today, Tuesday, with the representative of the World Bank in Iraq, Jean-Christophe Carré, ways to enhance cooperation between Iraq and the World Bank to support development projects and economic reforms. The Minister of Finance stressed to the bank representative:
 
“The importance of the partnership with the World Bank in financing programs that aim to achieve sustainable development, while at the same time expressing her welcome to Emmanuel Salinas, who was appointed as the new representative of the bank to Iraq, replacing Richard Abdel Nour, whose duties in Iraq ended in November.” last year, wishing him success in his new duties and supporting development relations between the two sides in the interest of Iraq and its people. The Minister stressed:

 “The Iraqi government is keen to implement financial and economic reforms to ensure the stability of the national economy.
 
It is working to implement these reforms with the aim of
 
     promoting sustainable growth,
     improving the management of financial resources and
     combating corruption, in addition to
     strengthening transparency in government institutions.”
 
For his part, the representative of the World Bank
 
     praised the efforts of the Iraqi government to improve the economic environment and
     implement programs that enhance transparency and efficiency,
     expressing the Bank’s readiness to provide more technical and financial support in line with Iraq’s development priorities.
 
The two sides agreed to continue coordination and joint work to achieve strategic goals and enhance economic stability in the country.    https://ninanews.com/Website/News/Details?key=1172536   

Iraq’s Central Bank strikes cooperation deal with Frankfurt School
 
    Amr Salem December 3, 2024 104 2 min
The Frankfurt School’s headquarters in Germany. Photo: Lupp
 
Baghdad (IraqiNews.com) – The Central Bank of Iraq (CBI) said on Tuesday that it signed a cooperation agreement with the Frankfurt School in coordination with the German Agency for International Cooperation (GIZ).
 
Under the agreement, CBI staff will get training and approved professional certifications as part of a program financed by the European Union and the German government to develop public finance and financial markets in Iraq, according to a statement released by the CBI.
 
The CBI became the first Iraqi institution to formalize a cooperation agreement with the Frankfurt School.
 
This partnership aims to bolster financial education and capacity building within Iraq’s banking sector, focusing on improving access to finance for small and medium enterprises.
 
The main goal of the partnership is to improve the abilities of Iraqi financial professionals.

This includes specific training courses that cover significant issues such as credit analysis and risk management.
 
One of the biggest development organizations in the world, GIZ is distinguished by its dedication to promoting sustainable development via cooperation with an extensive network of partners.
 
The GIZ’s encompassing strategy tackles difficult global issues while advancing a future that is beneficial for people everywhere. https://www.iraqinews.com/iraq/iraqs-central-bank-strikes-cooperation-deal-with-frankfurt-school/

The Central Bank Signs A Memorandum Of Cooperation With Frankfurt School
 
December 03, 2024   Based on the principles drawn up by this bank in developing and developing the skills of its employees,
 
memorandum of cooperation was signed between the Central Bank of Iraq and (Frankfurt School) in coordination with the German Agency for International Cooperation (GIZ), a project to strengthen public finances and financial markets in Iraq (FFM), which is funded by the Union.
 
The European Union and the German government will train the cadres of the Central Bank of Iraq in various specializations, as well as work to obtain accredited professional certificates. Thus, the
 
Central Bank of Iraq will be the first Iraqi institution to sign a memorandum of cooperation with (Frankfurt School) The Director of Development and Training stressed the importance of this cooperation and what
 
it will contribute to the process of developing the Central Bank’s cadres and the extent to which this will reflect on the Iraqi banking sector in all its fields. Central Bank of Iraq  Media office December 3, 2024  https://cbi.iq/news/view/2727  

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

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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Wednesday Morning 12-04-24

Good Morning Dinar Recaps, 

CRYPTO COMPLIANCE ‘NO LONGER OPTIONAL’ UNDER AUSTRALIA’S NEW DRAFT GUIDELINES

Sweeping proposed changes would force most crypto firms in Australia to obtain financial licensing, which some worry could drive innovators offshore.

Crypto exchanges and firms dealing with digital assets in Australia would no longer be able to avoid costly licensing under proposed guidance from the country’s corporate regulator.

Good Morning Dinar Recaps, 

CRYPTO COMPLIANCE ‘NO LONGER OPTIONAL’ UNDER AUSTRALIA’S NEW DRAFT GUIDELINES

Sweeping proposed changes would force most crypto firms in Australia to obtain financial licensing, which some worry could drive innovators offshore.

Crypto exchanges and firms dealing with digital assets in Australia would no longer be able to avoid costly licensing under proposed guidance from the country’s corporate regulator.

On Dec. 4the Australian Securities and Investment Commission (ASIC) released a consultation paper on proposed guidance for crypto, placing many digital assets under the category of financial products requiring in no uncertain terms that most firms dealing in crypto must be licensed.

“It’s a bit of a wake-up call,” Kate Cooper, CEO of Australia and head of APAC at the Standard Chartered-backed crypto custodian Zodia Custody told Cointelegraph.

“Compliance really is no longer optional for the industry, and a lot of the players, both local and international [...] are going to have to really look at and take an audit of what they’re doing from a custody and compliance management perspective.”

In Australia, businesses offering financial services and dealing in financial products need an Australian Financial Services License (AFSL), while platforms facilitating the trading of financial products may also need an Australian Market License.

The new guidance would require crypto exchanges and many other crypto firms to get one or both licenses.

Some worry that ASIC’s draft guidance could hang crypto startups out to dry and cause an exodus of crypto firms from the country.

Obviously, the bigger businesses will be better able to withstand all of that regulation, all of that legal cost, compliance cost that is associated with it. Smaller businesses may struggle,” Liam Hennessy, a partner at Clyde and Co law firm and adjunct professor at the University of Sydney, told Cointelegraph.

Joni Pirovich, a crypto lawyer, wrote on LinkedIn that the updated guidance will make launching in Australia “on par or more expensive than launching offshore.”

“From a timing perspective, Australian innovators that want to launch now will likely do so offshore. Those that are based here face a significant step up in compliance costs,” she wrote.

Block Earner co-founder and CEO Charlie Karaboga, who was sued by ASIC for offering an unlicensed crypto-yield product in 2022, said it was an “amazing direction around clarity” but shared concerns about his business, which has just 13 employees, according to Pitchbook.

“I think ASIC underestimates the requirements needed to be met for an AFSL,” Karaboga told Cointelegraph, adding that firms need to hold millions of dollars on their balance sheets.

“Asking us to hold that much money basically could kill all the startups like us.”

“What’s clear is that this guidance will have significant implications for pockets of the local crypto industry,” Swyftx CEO Jason Titman said in a statement sent to Cointelegraph. “We’re not aware of any other countries that regulate exchanges like bourses. Rightly or wrongly, Australia is going it alone.”

ASIC provides much-needed crypto clarity
The silver lining, according to the executives, is that the regulator has finally released much-needed clarity for crypto — even if it is harsh.

“It is a significant piece of regulatory guidance to the market,” said Hennessy. “Anything which gives regulatory clarity is a good thing for the market.”

ASIC is considering a significant expansion of what it considers a financial product or service, including stablecoins, native token staking services, exchange tokens and wrapped tokens.

On the other hand, memecoins, gaming-linked NFTs, Bitcoin  and Ether may be able to escape the classification.

“I think it is quite an expansive view that has been taken as to what constitutes a financial product in the market,” said Zodia’s Cooper.

ASIC has invited feedback on the proposed updates until Feb. 28, 2025.

“We want to promote the growth of responsible financial innovation while ensuring consumer protection,” ASIC Commissioner Alan Kirkland said in a statement. “A well-regulated financial system benefits everyone in the community as it supports consumer confidence, market integrity and facilitates competition and innovation.”

“We encourage all stakeholders to engage with the consultation process,” he added.

A final version of the guidance is expected to come in mid-2025 after considering the feedback.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

XRP LAWSUIT NEWS: CAN GENSLER’S REPLACEMENT PAUL ATKINS DISMISS RIPPLE CASE?

▪️Paul Atkins Appointed SEC Chair: Trump selects pro-crypto figure Paul Atkins as SEC chair, sparking debate on his impact on crypto regulation.

▪️XRP Lawsuit UpdateRipple’s legal battle continues as the SEC appeals the ruling, while Paul Atkins' appointment raises questions on crypto policy.

President-elect Donald Trump has chosen Paul Atkins, a pro-crypto figure, to chair the Securities and Exchange Commission (SEC), according to reports by Unchained

Current SEC Chair Gary Gensler announced he will step down on January 20 when Trump is inaugurated. Atkins, who served as an SEC commissioner under President George W. Bush, is well-respected in conservative legal circles and among the Republican establishment.

One major case before the federal courts is the ongoing Ripple (XRP) lawsuit, in which the SEC claims Ripple violated securities laws by issuing XRP. 

In July 2023, Judge Analisa Torres ruled that XRP was not a security when sold to retail investors on exchanges but was a security in institutional sales.

The SEC initially sought a $2 billion fine against Ripple but was instead given a $125 million penaltyIn October 2024, Judge Torres rejected the SEC’s request to appeal, saying they didn’t have strong enough reasons. Despite this, the SEC appealed to the Second Circuit Court, arguing the decision went against Supreme Court rulings.

‘Paul Atkins is not what Trump Needs’

John Deaton recently explained that Paul Atkins would be a very traditional choice, one that Wall Street would likely approve of. He stated that Atkins is someone who respects the SEC and its staff, but what is truly needed is someone who challenges the SEC’s actions.

Deaton believes the SEC has harmed investors, rather than protecting them, and that a change in attitude is necessary. While Deaton would support Atkins if chosen, he feels he’s not the right fit if President Trump aims to bring change to crypto regulation.

Attorney Jeremy Hogan mentioned the cons of Atkins’ appointment and wrote,

“He won’t be the bull in the china shop many in the crypto space want. He will make measured and deliberate changes. Overall, I give his appointment a B+ for the digital asset industry, and that was good enough to get me a law degree so, yeah!”

FAQs

Who is Paul Atkins and why is he important for crypto regulation?
Paul Atkins is a pro-crypto figure nominated as SEC chair by Trump, potentially influencing crypto policies and regulations.

What happened in the SEC vs Ripple case?
The SEC sought a $2 billion fine against Ripple but was given a $125 million penalty. The SEC continues appealing the decision in higher courts.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

RIPPLE LABS IS ABOUT TO USE XRP TO TURN REAL ESTATE UPSIDE DOWN  |  Youtube

@ Newshounds News™

~~~~~~~~~

IRAQI PARLIAMENT MEETING TURNS INSANE!  |  Youtube  

@ Newshounds News™

Source:  
Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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News, Rumors and Opinions Wednesday AM 12-4-2024

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. 4 Dec. 2024

Compiled Wed. 4 Dec. 2024 12:01 am EST by Judy Byington

Possible Timing:

At any moment Tiers 3 and 4a/b (including the Internet Group) were expected to receive notifications to schedule redemption appointments. Bondholders in Tiers 1 and 2 have already received their funds, but are under NDAs. …Gitmo TV on Telegram Tues. 3 Dec. 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. 4 Dec. 2024

Compiled Wed. 4 Dec. 2024 12:01 am EST by Judy Byington

Possible Timing:

At any moment Tiers 3 and 4a/b (including the Internet Group) were expected to receive notifications to schedule redemption appointments. Bondholders in Tiers 1 and 2 have already received their funds, but are under NDAs. …Gitmo TV on Telegram Tues. 3 Dec. 2024

Thurs. 5 Dec: BRICS nations to unveil the Global Currency Reset. …Gitmo TV on Telegram Tues. 3 Dec. 2024

Global Currency Reset:

Tues. 3 Dec. 2024 Bruce:

We got information over the weekend that we’d be going any day now.

We get our information from five different leaders and they are now under NDAs.

When you access the 800 number you will be transferred to a Redemption Center according to your zip code number.

Redemption Centers have the best rates, so be sure and exchange at a valid Redemption Center, not a bank.

You don’t have to have a Humanitarian Project to get the Contract Rate on the Dinar. Ask for the Contract Rate on the Dinar. It is much better than the front or back screen rates – way higher.

A lot of the Redemption Centers are no longer able to communicate. They had new NDA’s signed yesterday Mon. 2 Dec. and today Tues. 3 Dec. Some Redemption Centers have had their numbers removed.  

Iraq had a new rate on the Dinar last Sun. 1 Dec. 2024.

The entire country of Iraq is now functioning on the lower denoms. They are out and being utilized, with changed prices.

The Dinar rate in Iraq is very good but is supposed to go up tomorrow Wed. 5 Dec. 2024.

We’ve heard from four or five different sources that the new rates are supposed to come out tomorrow Wed. 4 Dec – on the Dinar, Dong, Rupiah, with exchanges on Thurs. 5 Dec.

Mon. 2 Dec. 2024: XRP, NESARA-GESARA, QFS 3.0, and the National Quantum Initiative Act: The Financial Revolution Uncovered! [MUST WATCH] – amg-news.com – American Media Group

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Tues. 3 Dec. 2024 GEOPOLITICAL UPDATE: THE CALM BEFORE THE STORM …Gitmo TV on Telegram

A Financial Collapse Like No Other: A global financial crisis is expected to unfold between Tuesday and Wednesday, 17-18 Dec. The old system is crumbling under the weight of its own corruption, and a new system is poised to rise from the ashes.

BRICS: THE CATALYST FOR THE NEW WORLD ORDER: On Thursday, December 7, the BRICS nations unveiled their long-awaited global currency reset—a move that is already sending shockwaves through the global financial system. The old dollar-dominated system is collapsing, and the BRICS alliance is leading the charge to redefine the rules of international trade and power.

MONEY IS MOVING—BUT THEY DON’T WANT YOU TO KNOW

Top-Level Payments Initiated: Bondholders at Tiers 1 and 2 have already received their funds.

Secrecy Shrouds the Process: Non-Disclosure Agreements (NDAs) have been enforced to prevent the public from realizing what’s happening. The elites don’t want you to know that their grip on the financial system is slipping.

It’s Almost Your Turn: Tiers 3 and 4a/b (including the Internet Group) are expected to receive notifications to schedule redemption appointments at any moment. Your time is coming. Stay ready.

Brace yourselves. The revolution is here. The time for action is now. Stand strong, stay vigilant, and be prepared—because the world as we know it is about to change forever.

Hold the line. The light is breaking through.

Read full post here:  https://dinarchronicles.com/2024/12/04/restored-republic-via-a-gcr-update-as-of-december-4-2024/

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

Militia Man  Article - The private Iraqi banks association met...They've made a decision to stay focused on using electronic payments for even the gas stations.  One of the things that's going to take care of is extracting small category notes off the street...It's working, citizens are opening accounts...

Frank26  Question: "In the past you said if the dinar comes out at $3.22 you'll dump all your dinar in one shot.  Do you still believe that?"  Yeah, because look at my age...This December 20th I'll be 69.  At my age, if it comes out at $3 something, shoot I'm going to exchange all of it because at my age I don't want to wait another year or two to watch it go up.  Why should I gamble for it to go into the four, five or whatever range.  I'm happy with three something.  I'm ecstatic with $3 something because I make money with money.  I don't 'use' money.  If you don't understand that statement then you might be in trouble with your stewardship...

Why "$9000 Gold Is An ABSURDLY LOW PRICE" - Mike Maloney LIVE at Limitless

Mike Maloney:  12-3-2024

Mike Maloney, bestselling author and expert on precious metals, reveals why he believes that $9,000 per ounce of gold may be an "absurdly low" prediction in the face of unprecedented financial instability.

In this riveting presentation from Limitless, Mike dives into the alarming "hyper bubbles" forming in today's markets, predicting a crash that could dwarf 2008’s financial meltdown.

With political unrest, economic crashes, and even the risk of war looming, Mike explains how savvy investors can protect, profit, and prosper during the chaos.

Don’t miss this eye-opening session, packed with historical insights and essential strategies for thriving in turbulent times.

https://www.youtube.com/watch?v=MtdKlufo3C8

 

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

“Tidbits From TNT” Wednesday Morning 12-4-2024

TNT:

Tishwash:  Al-Sudani in Parliament.. The economic file is on the agenda and the numbers "highlight" the reality

Prime Minister Mohammed Shia al-Sudani will be a guest of Parliament today, Wednesday, at his request, for the first time in two years, as he will be under the dome of Parliament for only the second time as Prime Minister after the first time his government won confidence in October 2022, and while this hosting comes at the request of al-Sudani specifically, this means that he has a lot to show before the House of Representatives.

Although the talk about the situation in Syria and security in the region is the most prominent, as official statements say, the statements also indicated that the talk will include the economy, services, and the Sudanese government program.

TNT:

Tishwash:  Al-Sudani in Parliament.. The economic file is on the agenda and the numbers "highlight" the reality

Prime Minister Mohammed Shia al-Sudani will be a guest of Parliament today, Wednesday, at his request, for the first time in two years, as he will be under the dome of Parliament for only the second time as Prime Minister after the first time his government won confidence in October 2022, and while this hosting comes at the request of al-Sudani specifically, this means that he has a lot to show before the House of Representatives.

Although the talk about the situation in Syria and security in the region is the most prominent, as official statements say, the statements also indicated that the talk will include the economy, services, and the Sudanese government program.

It is well known that the space of "political bidding" in Iraq, especially in the past few years, is very profitable in the fields of economy and services, because it shows the political forces keen on the interests of citizens and some groups, so it is very expected that the parliament will witness talk and discussion about economic and service issues related to Al-Sudani's government.

Contrary to the sustainable crisis, non-oil revenues compete with oil revenues

When talking about the economy during Al-Sudani’s era, it witnessed many fundamental changes. In fact, some economic indicators were a “permanent blot” on the face of the Iraqi economy for 20 years, specifically non-oil revenues and the percentage they constitute of total revenues.

During the current year and until last September, non-oil revenues constituted 11% of total revenues and amounted to more than 12.4 trillion dinars, while oil revenues constituted 89%.

This percentage is absolutely unprecedented in the past years, when non-oil revenues did not exceed 5% of total revenues at best. In 2023, the percentage of non-oil revenues reached 7%, and in 2022 it reached 5%.

The second most persistent crisis is shaking up... Flared gas is declining

As for the flared gas, which is also one of the biggest economic crises in Iraq, the government has achieved an increase in the percentage of gas invested and stopped the flared gas.

Previously, Iraq was producing 2,700 cubic meters of associated gas per day, investing 1,500 cubic meters of it, and burning 1,200 cubic meters per day. Now, Iraq produces 3,000 cubic meters of gas per day, investing more than 2,000 cubic meters of it per day, and burning only 1,000 cubic meters, which means that the gas investment rate is 66%, while the burned rate is 34%, while in previous years the invested gas rate was between 50 and 55%, and the burned rate was between 50 and 45%.

Iraq exports derivatives, not imports them

In addition, the issue of exporting crude oil and returning to importing fuel and derivatives is one of the most problematic issues that were considered “shameful” for Iraq, as the second largest oil producer in OPEC imports oil derivatives, as Iraq used to import derivatives worth more than $3 billion annually.

Iraq was importing about 15 million liters of gasoline per day, 10 liters of kerosene per day, and about two million liters of kerosene per day.

But within less than two years, Iraq's import of kerosene and kerosene has stopped completely, and Iraq has even started exporting kerosene, while gasoline imports have decreased by about 70% from 15 to only 5 million, and it is hoped that gasoline imports will stop completely starting next year, with the completion of the opening of isomerization units in ongoing projects in some Iraqi refineries.

Years of debts... reduced by half in two years

One of the indicators that also worried Iraq was the debt file, but despite the fact that current and mandatory operating expenses increased significantly during the past two years to reach about 120 trillion dinars annually, and recording an actual deficit rate, the government balanced the borrowing story, so that external debts decreased by half within two years.

While external debt was about $20 billion in 2022, it decreased to about $16 billion in 2023, and recently decreased in 2024 to less than $9 billion.

Unemployment and employment crisis

 The government has also taken pivotal steps regarding the unemployment crisis and the dual pressure on government employment. The legislation of the Social Security and Workers’ Retirement Law is one of the most important factors in the balance between the public and private sectors. From only 19,000 insured workers, the number of workers registered in Social Security and Workers’ Retirement has reached about half a million workers so far.

The measures related to employment and facilitating project support caused poverty rates to drop from 23% to 17.6%, and the unemployment rate dropped from 16.5% to 14.4%, according to the latest survey conducted by the Ministry of Planning, which lasted from mid-2023 to mid-2024. link

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Tishwash: Iraq's financial revenues exceed 114 trillion dinars in 9 months

The Federal Ministry of Finance revealed, on Wednesday, that the size of Iraqi revenues in the general budget during 9 months of the current year 2024 exceeded 114 trillion dinars, indicating that non-oil revenues amounted to 11%.

Shafaq News Agency followed up on the data and tables issued by the Ministry of Finance in December, for the accounts of January, February, March, April, May, June, July, August and September of the current fiscal year, which showed that oil is still the main resource for Iraq's general budget, reaching 89%, indicating that the rentier economy is the basis of the country's general budget.

The financial tables indicated that the total revenues for the nine months of the current year amounted to 114 trillion, 349 billion, 735 million, 335 thousand, and 311 dinars, indicating that the total advances amounted to 15 trillion, 796 billion, 51 million, 63 thousand, and 162 dinars.

According to the financial tables, oil revenues amounted to 101 trillion, 944 billion, 446 million, and 923 thousand dinars, which constitutes 89% of the general budget, while non-oil revenues amounted to 12 trillion, 405 billion, 292 million, and 412 thousand dinars, which constitutes 11% of Iraq’s general budget.

For his part, economic expert Mohammed Al-Hasani told Shafaq News Agency, "The defect of the Iraqi economy is that it is rentier and depends mainly on oil, and that Iraq has not activated the customs tariff that contributes to raising financial revenues properly."

He added that "attempts to support the agriculture, industry and tourism sectors in order to be a second tributary to oil were timid, and each sector did not contribute more than 4% of the gross domestic product," calling for "activating a number of laws that encourage the local and foreign private sector to enter the Iraqi market, including customs tariff laws, consumer protection and anti-monopoly laws."

In March 2021, the Prime Minister's advisor for financial affairs, Mazhar Muhammad Salih, confirmed to Shafaq News Agency that the reasons for the economy remaining rentier are due to the wars and the imposition of an economic blockade on Iraq during the past era, and the political conflicts we are witnessing today, which led to the dispersion of economic resources.

The continued reliance of the Iraqi state on oil as the sole source of the general budget puts Iraq at risk from global crises that occur from time to time due to the impact of oil on them, which makes the country turn every time to cover the deficit through borrowing from abroad or domestically, and thus indicates the inability to manage the state’s funds effectively, and the inability to find alternative financing solutions.  link

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Tishwash:  On the occasion of World Banking Day.. A call for a comprehensive review of the work of banks in Iraq

The Federal Ministry of Finance revealed, on Wednesday, that the size of Iraqi revenues in the general budget during 9 months of the current year 2024 exceeded 114 trillion dinars, indicating that non-oil revenues amounted to 11%.

Shafaq News Agency followed up on the data and tables issued by the Ministry of Finance in December, for the accounts of January, February, March, April, May, June, July, August and September of the current fiscal year, which showed that oil is still the main resource for Iraq's general budget, reaching 89%, indicating that the rentier economy is the basis of the country's general budget.

The financial tables indicated that the total revenues for the nine months of the current year amounted to 114 trillion, 349 billion, 735 million, 335 thousand, and 311 dinars, indicating that the total advances amounted to 15 trillion, 796 billion, 51 million, 63 thousand, and 162 dinars.

According to the financial tables, oil revenues amounted to 101 trillion, 944 billion, 446 million, and 923 thousand dinars, which constitutes 89% of the general budget, while non-oil revenues amounted to 12 trillion, 405 billion, 292 million, and 412 thousand dinars, which constitutes 11% of Iraq’s general budget.

For his part, economic expert Mohammed Al-Hasani told Shafaq News Agency, "The defect of the Iraqi economy is that it is rentier and depends mainly on oil, and that Iraq has not activated the customs tariff that contributes to raising financial revenues properly."

He added that "attempts to support the agriculture, industry and tourism sectors in order to be a second tributary to oil were timid, and each sector did not contribute more than 4% of the gross domestic product," calling for "activating a number of laws that encourage the local and foreign private sector to enter the Iraqi market, including customs tariff laws, consumer protection and anti-monopoly laws."

In March 2021, the Prime Minister's advisor for financial affairs, Mazhar Muhammad Salih, confirmed to Shafaq News Agency that the reasons for the economy remaining rentier are due to the wars and the imposition of an economic blockade on Iraq during the past era, and the political conflicts we are witnessing today, which led to the dispersion of economic resources.

The continued reliance of the Iraqi state on oil as the sole source of the general budget puts Iraq at risk from global crises that occur from time to time due to the impact of oil on them, which makes the country turn every time to cover the deficit through borrowing from abroad or domestically, and thus indicates the inability to manage the state’s funds effectively, and the inability to find alternative financing solutions.  link

Mot: .. ooooh lordy!! --- the Kids these daze!!! 

Mot:  .. Siigggghhhhhh - Maybe Next Year!!!! 

 

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