Half of Americans Feel Safer Holding Cash Over Other Investments

Half of Americans Feel Safer Holding Cash Over Other Investments. Are They Right?

Laura Bogart   Wed, December 4, 2024  GOBankingRates

These days, you can get the lowdown on virtually any kind of investment delivered right to your fingertips. You can Google information about stocks and instantly find articles, YouTube tutorials and explainers galore. Then there are the TikTokers sharing their stock picks. Or, if you really needed to, you could always ask Alexa — not the device, but your cousin, the financial advisor.

Yet, despite the abundance of investment information, a survey conducted by Empower suggests that cash still reigns supreme. Roughly 52% of people surveyed preferred to keep cash instead of exploring other investments.

At first glance, this information seems eye-popping. Can more than half of respondents really prefer stashing money in their wallets over growing it through investments? And is that even wise?

The answers are, unsurprisingly, more complicated than you might think.

Cash Can Feel Like a Safeguard Against Uncertainty

Safety is the name of the game when it comes to Americans’ passion for cash. About 49% of survey respondents said they felt safer holding cash compared to other investments. This anxiety is fueled by uncertainties in the market, particularly fears of a looming recession.

But everyday worries about being caught unprepared in an emergency also contribute to the “cash is king” mentality. About 69% of respondents said they carried cash for emergencies, while 59% appreciated the quick accessibility of being able to pull out cash — like Superman rushing out of a phone booth.

Interestingly, survey respondents showed equal enthusiasm for carrying cash as a safeguard for peace of mind and for its reliability, with 39% of people agreeing on both counts.

Your Passion for Cash Doesn’t Have to Mean Zero Growth

TO READ MORE:  https://www.yahoo.com/finance/news/half-americans-feel-safer-holding-160546646.html

Seeds of Wisdom RV and Economic Updates Thursday Morning 12-05-24

Good Morning Dinar Recaps, 

MISSOURI BILL WOULD BAN CBDCS, MAKE GOLD AND SILVER LEGAL TENDER

Missouri lawmakers have been trying hard to pass an anti-CBDC bill, and one of these days, they may succeed.

Attempts continue in the US state of Missouri to prohibit the potential use of central bank digital currencies (CBDCs). The state has seen several bills this year to stave off the digital currency, which does not currently exist in the United States.

Bullion yes, CBDC no

Republican Senator Rick Brattin pre-filed Senate Bill (SB) 194 on Dec. 1. The bill introduces changes to state law that would prohibit public entities from accepting a CBDC or participating in any testing of a CBDC. It also changes the definition of money in the state’s Uniform Commercial Code (UCC) to exclude CBDCs.

In addition to the provisions on CBDCs, the bill would require the state treasurer to keep at least 1% of state funds in gold and silver. It would also exempt the sale or exchange of gold and silver from the state capital gains tax and make gold and silver legal tender.

“The act declares that gold and silver shall be accepted as legal tender at their spot price plus market premium […] in the state of Missouri. Costs incurred in the course of verification of the weight and purity of any gold or silver […] shall be borne by the receiving entity.”

Massive legislative anti-CBDC push

The bill’s provisions on CBDC are similar or identical to those in other bills introduced in Missouri earlier this year.

SB 1352 would make numerous changes to the state UCC, including a prohibition on CBDCs. It is still in committee. House Bill 2780 would also ban CBDCs and affect a variety of commercial transactions. It passed a House vote and has been forwarded to the state Senate.

SB 826 concerned CBDCs alone and failed to pass. SB 736 and its companion bill in the state House of Representatives concerned CBDCs and gold and silver and failed to pass. Brattin had previously introduced SB 866, which contained substantially identical provisions with differences in wording. It died in committee.

Anti-CBDC legislation is being passed in an increasing number of US states. Louisiana and North Carolina have passed laws to that effect in recent months.

The struggle against CBDC has been taken up on the national level as well. The US House of Representatives passed the CBDC Anti-Surveillance State Act on May 23.

@ Newshounds News™

Source:  CoinTelegraph

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BITCOIN ENDORSED BY US FED CHAIR POWELL AND RUSSIA’S PUTIN IN HISTORIC SHIFT

In an unprecedented turn of events, Bitcoin received endorsements from two of the world’s most influential leaders yesterday. US Federal Reserve Chair Jerome Powell and Russian President Vladimir Putin independently acknowledged the cryptocurrency’s growing significance during separate events on December 4, 2024. Their remarks signal a potential paradigm shift in the global financial landscape, as Bitcoin continues to gain mainstream acceptance.

Jerome Powell Compares Bitcoin To Gold

During the New York Times DealBook Summit, Jerome Powell engaged in a  conversation with Andrew Sorkin about the role of cryptocurrencies in the banking system. When questioned about Bitcoin’s rising prominence and talks in Washington about creating a strategic BTC reserve, Powell outlined the Federal Reserve’s perspective.

“From the jobs that we have, what’s relevant is really two things,” Powell said. “One is just, you know, what role should crypto assets be allowed to play in the banking system. We try to keep the banking system safe and sound. We regulate and supervise banks, and we would want the interaction between the crypto business and the banks to not threaten the health and wellbeing of the banks.”

Powell added that the other task of the US Federal Reserve is consumer protection. “We would want the public to know crypto products and things like that. There’s sort of a consumer protection aspect of it. They need to understand exactly what it is. But we don’t regulate it directly and we don’t have that big of a role.”

When asked if he would ever own Bitcoin himself, Powell succinctly replied, “I’m not allowed to.”

Sorkin then suggested that BTC might symbolize people’s faith—or lack thereof—in the US dollar or the Federal Reserve. Powell responded by likening Bitcoin to a traditional store of value: “I don’t think that’s how people think about it. I mean, people use Bitcoin as a speculative asset, right? It’s like gold.

It’s just like gold, only it’s virtual. It’s digital. People are not using it as a form of payment or as a store of value. It’s highly volatile. It’s not a competitor for the dollar. It’s really a competitor for gold. You know, that’s really how I think of it.”

Vladimir Putin Highlights Bitcoin’s Resilience

On the same day, President Vladimir Putin spoke at the Russia Calling forum, where he discussed the diminishing dominance of the US dollar and the rise of alternative financial instruments. Putin emphasized the inevitability of new technologies like BTC in reshaping the global economy.

“The use of the dollar as a world currency gives the US a lot of money,” Putin stated. “Thanks to the dollar, the US continues to exploit other economies of the world for their benefit.

One thing is to prohibit the use of dollars and the other thing is not to use it. That is why we see (economic) processes with the use of other instruments.”

He pointedly added, “For instance, who can ban Bitcoin? Nobody. And who can prohibit the use of other electronic means of payment? Nobody. Because these are new technologies.

And no matter what happens to the dollar, these tools will develop one way or another, because everyone will strive to reduce costs and increase reliability.”

Putin also commented on the global shift away from the dollar: “Even the countries that are allies of the US reduced their currency reserves in dollars and in euros.”

Reactions From Community

The endorsements from Powell and Putin sparked immediate reactions from prominent figures in the cryptocurrency space. Vijay Boyapati, a former Google engineer and author known for his book The Bullish Case for Bitcoin, took to X to express his thoughts: 

“Jerome Powell calling Bitcoin digital gold is the biggest endorsement of Bitcoin yet, if you understand where financial power lies. Bigger than Fink or even Trump.”

David Bailey, CEO of BTC Inc and advisor to former President Trump’s team—who was instrumental in turning Trump pro-Bitcoin —also weighed in via X: “The Bitcoin Space Race is here. […] It couldn’t be more clear what’s happening. It must be a national priority to stand up the Strategic Bitcoin Reserve in the first 100 days of the Trump admin. We need an aggressive plan to grow USA’s proportional ownership of the Bitcoin supply.”

@ Newshounds News™

Source:  Bitcoinist   

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“Tidbits From TNT” Thursday Morning 12-5-2024

TNT:

Tishwash:  Parliament session agenda for Thursday

The House of Representatives will hold a regular session tomorrow, Thursday, in which it will read the second reading of the amendment to the financial budget law for the years {2023, 2024 and 2025).

Reading verses from the Holy Quran

First: Voting on the draft law of the National Intelligence Service. Security and Defense Committee. Article 36 (The National Intelligence Service. Affairs).

Neutrality Second: Voting on the proposed law amending the first law of Passports Law No. 32 of 2015. (Security and Defense Committee) (5) Article).

Third: Report and discussion of the second reading of the draft law amending the first law of the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023 - 2020 - 2025) No. (13) of 2023. Finance Committee). 2024

Fourth: Report and discussion of the second reading of the draft law amending the fifth amendment to the Civil Aviation Law No. 148 of 1974. (Transport and Communications Committee).   link

Tishwash:  Government advisor: The budget is hedged by the oil price at $70 and the deficit is 64 trillion dinars

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Wednesday, that "the federal general budget No. 13 for the year 2023 (the three-year budget) is hedged by the price of a barrel of oil at $70.

Saleh told Al Furat News Agency, "Any increase in oil prices, assuming fixed production and export quantities, will lead to reducing the hypothetical budget deficit gap of 64 trillion dinars."

He  explained that "despite the above, reducing Iraq's share of production within OPEC + is supposed to remove any potential glut in the supply of crude oil in the energy market, which leads to prices being higher than what is estimated in the budget and may even compensate for the shortfall in the quantities of oil produced that were reduced at the same time."

The House of Representatives is scheduled to begin its session tomorrow, Thursday, with the second reading of amending the three-year budget law.

Prime Minister Mohammed Shia al-Sudani, during his hosting of today's session, called on the House of Representatives to expedite amending the budget law. link

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Tishwash:  The Finance Committee decides to host Taif Sami to complete the amendment of the budget law

On Wednesday, the Finance Committee held a meeting at its headquarters to discuss the report on the draft law amending the second amendment to the Federal General Budget Law for the years 2023 - 2024 - 2025, No. (13) of 2024.

A statement by the committee stated that the meeting was held in the presence of its chairman and all members, and began by emphasizing “the exceptional efforts made by the committee to amend the budget items related to the costs of producing and exporting oil from the Kurdistan Region and the obligations associated with them.”

The statement added that the committee chairman "stressed the importance of setting applicable provisions and obligating the relevant authorities to implement them, while pointing out the need to obtain clarifications from the Ministry of Finance regarding the mechanism for financing the amounts and financial allocations."

According to the statement, the committee discussed the draft report of the second budget amendment law, reviewed and approved members’ comments, and held detailed discussions on how to calculate production and transportation costs, appropriations and contracts, in addition to the mechanism for managing accounts. 
 
The Finance Committee decided to host the Ministry of Finance to complete the procedures related to amending the law, while the meeting discussed the committee’s report on hosting the Ministry of Oil and the results drawn from this hosting.  link

Mot . Finally! - MY Day!!! 

Mot: Earl and the vacuum

MilitiaMan & Crew-Iraq Dinar News-Executive & Legislative Authority Integration-Full Support-Government Program

MilitiaMan & Crew-Iraq Dinar News-Executive & Legislative Authority Integration-Full Support-Government Program

12-4-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=NdKStLLJe7A

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

Good Evening Dinar Recaps,

FED CHAIR POWELL VIEWS BITCOIN AS DIGITAL GOLD, NOT A DOLLAR COMPETITOR

Powell reiterated his remarks on Bitcoin being used solely for speculative purposes, not being a competitor for the US dollar.

The Federal Reserve Chairman Jerome Powell dismissed the notion of Bitcoin as a replacement for the U.S. dollar, instead framing the leading crypto as a speculative asset comparable to gold.

Powell shared his insights during an appearance at The New York Times DealBook Summit in Manhattan, emphasizing Bitcoin’s volatility and limited use as a form of payment or store of value.

According to Powell:

“It’s just like gold, only it’s virtual… It’s very volatile, it’s not a competitor for the dollar, it’s really a competitor for gold. That’s how I think of it.”

Powell’s comments come amid heightened speculation about Bitcoin’s growing influence in global finance. Crypto recently achieved a market capitalization of $1.92 trillion, surpassing silver, valued at $1.75 trillion, to become the world’s eighth most valuable asset. However, it remains far behind gold, which holds an estimated market value of $18 trillion.

This is not the first time Powell has used this comparison to address Bitcoin. In 2021, the Fed chair said that crypto is not useful as a store of value due to its intrinsic volatility, with Bitcoin being “essentially a substitute for gold, rather than for the dollar.”

Under President Joe Biden’s administration, the Fed is accused of being pivotal in Operation Chokepoint 2.0, an alleged plan to hinder the progress of the US crypto industry.

In August, following a Fed mandate directed at crypto-friendly Customers Bank urging tighter risk management and compliance measures, Gemini co-founder Tyler Winklevoss stated that the initiative “is alive and well.”

DeFi as ally
Despite Powell’s conservative tone toward Bitcoin and crypto as an asset class, Fed Governor Christopher J. Waller recently praised DeFi as an ally.

At the Vienna Macroeconomics Workshop on Oct. 18, Waller argued that intermediaries are still fundamental for the financial markets. However, he acknowledged that DeFi applications presented technologies that offer efficiency to traditional financial instruments.

He recognized the benefits of distributed ledger technology (DLT), tokenization, and smart contracts, which can enhance the speed and accuracy of financial transactions.

Moreover, Waller recognized at The Clearing House Annual Conference 2024 on Nov. 12 that central bank digital currencies (CBDC) are not helpful for payments, questioning whether the payments system has a problem that CBDCs could solve.

@ Newshounds News™

Source:  Crypto Slate

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RIPPLE’S RLUSD STABLECOIN SET TO LAUNCH TODAY, WHAT’S NEXT FOR XRP?

The highly anticipated launch of Ripple’s dollar-pegged stablecoin, RLUSD, is expected to take place today, December 4, 2024. However, Ripple is reportedly awaiting approval from the New York Department of Financial Services, according to local media reports.

What is RLUSD?
Ripple USD (RLUSD), a 1:1 USD-backed stablecoin, offers transparency and stability on the XRP Ledger and Ethereum. With the launch of RLUSD, Ripple aims to leverage both its stablecoin and native token, XRP, to enhance its cross-border payment solutions.

At present, Ripple Labs has warned investors and institutions to avoid engaging with any token claiming to be RLUSD or Ripple USD before its official launch to prevent falling victim to scams. Despite this warning, RLUSD is currently listed on the cryptocurrency data platform CoinGecko.

Since August 2024, Ripple has been beta testing its RLUSD stablecoin on the XRP Ledger (XRPL) and Ethereum’s mainnet. The firm has shared plans to gradually expand RLUSD to more blockchains and DeFi protocols in the future.

Will RLUSD Impact XRP Price?
Despite the RLUSD launch, Ripple’s native token XRP, has already gained significant attention over the past week. Furthermore, experts anticipate a notable upward momentum for XRP once RLUSD becomes available on exchanges.

Currently, XRP is trading near $2.55 and has registered a price decline of 2.55% in the past 24 hours. During the same period, its trading volume dropped by $28%, indicating lower participation from traders and investors amid a bullish outlook.

@ Newshounds News™

Source:  Coinpedia

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THE SURPRISING TRUTH ABOUT BITCOIN GOLD NOBODY TELLS YOU  I  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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Newshound's News Telegram Room Link

Q & A Classroom Link  

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More News, Rumors and Opinions Wednesday PM 12-4-2024

Ariel:  Breaking News…

And So It Begins (For Real This Time)

For those who have always been confused by the “So It Begins” Mr. Pool images with the multi colored mountain Ice caps.

Ripple, the company behind XRP, has partnerships with financial institutions globally. If South Korea’s situation leads to a need for more efficient cross-border payments, Ripple’s technology could see increased adoption.

Political instability or emergency measures like martial law can lead to increased market volatility. Investors might turn to cryptocurrencies like XRP as a hedge against uncertainty.

South Korea is known for being one of the more crypto-friendly countries. Any emergency economic measures might include or affect cryptocurrency regulations, potentially boosting XRP if Ripple’s efforts in regulatory compliance are seen favorably.

Many people do not understand. XRP is positioned as a bridge currency for cross-border payments, directly challenging traditional banking systems. Its rise could lead to significant shifts in how countries handle international trade and currency reserves.

Think about it. In general If there was a significant shift in the cryptocurrency market, especially with a major asset like XRP, leading to financial instability or a perceived threat to the national economy, a government usually considers drastic measures.

If South Korea is integrating blockchain technology like XRP into its financial system, such rapid changes could cause market instability, prompting drastic measures to maintain control. But ofcourse mainstream news will not tell you this. But the signs are there.

The declaration of martial law could be aimed at mitigating potential unrest related to a sudden shift in financial systems or the collapse of legacy systems tied to the rise of cryptocurrencies like XRP. Which we are all witnessing at this very moment.

https://dinarchronicles.com/2024/12/04/ariel-prolotario1-and-so-it-begins-for-real-this-time/

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

Militia Man  Article quote: "There is a serious keenness to show the image of a bright strong disciplined state in front of other countries and other people."  They're going to stand up and be proud.  I think when they showcase their new currency, their real effective exchange rate and all the things that they've accomplished in the last few years...they're going to have a lot of people from other countries and other peoples of the world being congratulatory...

Mnt Goat   ...Remember there must be a Stable and Secure Iraq in order to conduct this process of deleting the zeros... Oh… and we know what the final outcome of this project is and it will lead to the reinstatement...It is early December and my CBI contact told me the committee in charge of this rollout of the newer lower denominations is still planned for soon.

GOLD To Play Major Role in 'Stealth' Monetary Reset: Andy Schectman

Commodity Culture:  12-4-2024

Andy Schectman is seeing signs that plans for a monetary reset involving gold as a key component are underway, and this new system could be tied into both a BRICS currency and a Central Bank Digital Currency backed by physical metal.

Andy also discusses President Trump's hard line against BRICS nations trying to operate outside the US dollar, whether the stated gold reserves in America are really there and much more.

00:00 Introduction

 00:40 Trump's 100% BRICS Tariffs

04:52 How Much Gold Does the US Really Own?

09:51 Canada Has Zero Gold Reserves

11:48 Is Crypto Eating Gold's Lunch?

18:05 Tokenization of Gold and Silver

28:08 Would Peace Be Bearish for Gold?

30:07 Crackdown on Free Speech

37:55 China's Massive Gold Discovery

https://www.youtube.com/watch?v=31re-AIN9hU

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.

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 

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!!

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

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

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.

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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.

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 technologies. According 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 diamonds. Through 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

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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 Putin. The 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 ecosystem. Putin’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

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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.

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.

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