“Coffee With MarkZ” Friday Morning Chat 12-6-2024

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

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member; TGIF and Good Morning

Member: I heard HCL was passed

MZ: We hope the HCL will be in tomorrow’s Gazette. But mixed reports coming out of Iraq. Some say it passed…some say it hasn’t.

Member: I think we are waiting on official articles on hcl being done

Member: Jim Willie said he knows someone in country in IRAQ that got the new rates yesterday. Also Nick Fleming had said yrs ago, that after the HCL was passed the RV would go within 72 hrs

Member: ​​Hey Mark what is so special about the 10th of December? I see people talking about it

Member: its victory Day in Iraq. And Sudani had said he expected the Monetary reforms over by then

Member: I think Victory Day is the day we will be told and notified

MZ: You may be right. I really hope we go by then. I don’t want to still be sitting here in January.

Member: I heard 5 and 10 dinar notes have been released in Iraq.

MZ: That is the rumor. We are hearing reports from individuals in Iraq attached to the government have starting the process yesterday –before they release them to the general public. Do not know if it’s true or not. But I feel 99% certain they have started that process in Iraq.

MZ: I think we may have crossed the point of no return but we hav’nt crossed the finish line until we are sitting at the bank.

MZ: “ Informed sources rule out submitting final accounts of the 2024 budget to Parliament” This is one of those confusing articles I was talking about. They have already done 3 readings on the 2024 budget and we are waiting for it to be in the gazette….or they could publish a special Gazette- which is something they sometimes do.

Member: I wonder if Iraq allow their people a few days to enjoy their new found wealth before it hits the international world?

Member: Do we care if they have moved the Saturday meeting to Sunday now?

MZ: No we do not. It would make it really easy  to change the rate Saturday night . I was always told the easiest time to change rates was on a Saturday night between 11 pm and 2 Am…I was always told this was the easiest time. They don’t have to do it then…but it would be the easiest time.

Member: Remember that old Bloomburg video that said “One Saturday night all rates will change and we will wake up to a new world on Monday Morning”

Member: Mel From Australia said Vietnam RV’d in –country. I am waiting to confirm from a friend who is over there right now.

MZ: That would be huge if you can get that confirmation. I continue to see about $1.50 from a few sources in the international banking world. I do not know if that is the final rate or not. I hope its more…but if it is that it would still be amazing. That rate may be a placeholder.

Member: Has there been a rate published for the Bolivar?

Member: Nadine Jones XRP Lion said his contacts are saying 83 cents per Bolivar

Member: Anything on CMKX?

MZ: I wish there were. I keep getting occasional updates when they update the Fines and Penalties.I am a shareholder and this wait has been painful.

Member: Any banker or redemption center chatter?

MZ: Unfortunately I have nothing new on that……maybe that’s a good thing?

Member: Maybe the bonds go at the same time as the rest of us?

Member: Stay grounded , we've been here sooooo many times before. Stay Calm!

Member: People who say it cannot be done should not interrupt those who are doing it.

Member: please tell me how do we get number for redemption centers i have zim bonds and have been sick for 2 weeks so haven't heard …please help

Membr: It will be posted on all dinar sites and most Dinar intel providers.

Member: We have had plenty of lumps of coal in our past Christmas Stockings…lets hope this is the Christmas we all get a big RV.

Member: We were CHOSEN to be here at this time...Have faith...Our day is coming...We will create our new beautiful earth together...

Member: Thanks Mark and Mods. Everyone enjoy your Friday.

CBD Guru’s join the stream today. Please listen to replay for their information

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=T1XMgWQnQNo

Warren Buffett: 6 Tips on How To Get Rich

Warren Buffett: 6 Tips on How To Get Rich

Cindy Lamothe  Thu, December 5, 2024   GOBankingRates

There is some advice that stands the test of time, and that is certainly what we can glean from one of the most successful investors in history — Warren Buffett.

He’s imparted a lot of wisdom over the years when it comes to both money and life in general. Below is a deep dive into some of his best advice when it comes to building wealth and achieving financial success.

Start Investing Young

According to Buffett, the nature of compound interest is that it behaves like a snowball. And the trick is to have a very long hill — which means either starting very young or living to be very old. “If I were getting out of school today and had $10,000 to invest, I’d start by going right through companies,” he said, when it came to researching where to invest.

He recommended focusing on smaller companies that would be working with smaller sums and would likely have more of a chance that something is overlooked.

“You have to buy businesses,” he urged, “or little pieces of businesses called stocks. And you buy them at attractive prices and buy into good businesses.” He said this advice will be the same even 100 years from now.

Be Ready When Opportunity Comes

“The biggest mistakes are the ones that actually don’t show up. They’re mistakes of omission, not commission,” Buffett explained.

In his own life, he noted that he never lost a great deal of money on any one investment. “But it’s the things that I knew enough to do that I didn’t do. We have missed profits of as much as $10 billion that I knew enough to do that I didn’t do.”

He calls these missed opportunities: “There have been other investments where I did know enough to make that decision, and for one reason or another, I didn’t do it or I did it on a small scale.”

Learn the ‘Language of Business’

“If you’re interested in business, I definitely think you ought to learn all the accounting you can by the time you’re in your early 20s,” said Buffett, noting that accounting is the language of business, and you have to know the limitations of that language, as well as all other aspects of it.

He also advises that people work in a number of businesses. “There’s nothing like seeing how a business operates to build your judgment in the future,” he expressed, saying it’s important to understand what kinds of things are very competitive and what things are less competitive.

If you’re interested in investments, Buffett recommends doing a lot of reading. “I would talk business with people who are in business and find out what they think makes their operation tick or any problems and why. I just think you just kind of sop up every place you can.”

Focus on Overlooked Opportunities

“If I were working with a small amount of money, the universe would be huge compared to the universe of possible ideas I work with now,” said Buffett.

TO READ MORE:  https://www.yahoo.com/finance/news/warren-buffett-6-tips-rich-120045657.html

Seeds of Wisdom RV and Economic Updates Friday Morning 12-06-24

Good Morning Dinar Recaps, 

WHO IS DAVID SACKS? AND WHY HAS DONALD TRUMP MADE HIM CRYPTO CZAR?

▪️David O. Sacks Becomes White House AI & Crypto Czar Under Trump's Administration.

▪️Former PayPal COO Brings Expertise in Tech and Venture Capital to Federal Leadership.

▪️Close Ties to Trump and Musk May Boost Fresh AI-Crypto Strategies for U.S. Leadership.

Former PayPal executive and renowned venture capitalist David O. Sacks has been appointed by Donald Trump as the White House’s first “AI & Crypto Czar.” This new role is part of Trump’s plan to position America as a global leader in artificial intelligence (AI) and cryptocurrency, two rapidly growing fields shaping the future. The announcement came shortly after Bitcoin reached its $100k milestone.

Why Trump Appointed David Sacks Only?
In a post on Truth Social, Trump announced Sacks’ appointment and highlighted his mission to create a clear legal framework for the cryptocurrency sector. However, Trump’s decision to appoint Sacks arose from his impressive track record as a tech entrepreneur and investor.

Sacks, a founding-era COO of PayPal and a key member of the “PayPal Mafia,” has built and supported some of Silicon Valley’s most successful ventures. His expertise in technology and finance makes him tackle the challenges and opportunities in AI and crypto effectively.

Meanwhile, some experts even hint that Trump’s decision to appoint Sacks is seen as a reward for his loyal support during the campaign. Sacks played a pivotal role in fundraising for Trump, helping to raise $12 million during a high-profile event earlier this year.

What Changes Could Sacks Bring?
David Sacks will focus on creating clear rules for cryptocurrencies to remove confusion and help the U.S. digital asset industry grow. His goal is to support crypto businesses and position the United States as a global leader in digital innovation.

According to Trump, he will “steer us away from Big Tech bias and censorship,” ensuring a balanced digital landscape that supports open discourse. Sacks will also focus on safeguarding free speech in the online space

Additionally, Sacks will chair the Presidential Council of Advisors for Science and Technology, guiding the administration’s policies on emerging technologies.

Sacks Close Ties to Trump and Musk
Sacks has been a strong Trump supporter of Trump, hosting fundraisers and rallying tech industry donors. He also shares close ties with Elon Musk, who has made waves in AI through his company xAI and chatbot Grok. This connection could bring fresh ideas and partnerships to the administration’s tech strategy.

@ Newshounds News™

Source:  Coinpedia

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PHILIPPINES COMPLETES WHOLESALE CBDC TRIAL

Today Bangko Sentral ng Pilipinas (BSP) said it completed Proof of Concept trials for its Project Agila wholesale central bank digital currency (wCBDC) along with participating financial institutions.

Specifically, the latest trial tested whether banks in the Philippines can pay each other outside of bank operating hours during evenings, weekends and holidays.

“Wholesale CBDCs are expected to enhance liquidity management, reduce settlement risks, and support financial stability,” said BSP Governor Eli M. Remolona, Jr.

“Insights from this project will guide the BSP’s CBDC roadmap. Our goal is to leverage new technologies to further enhance the efficiency and resilience of the national payment system.”

While the bank hasn’t yet released a report about specific findings, the central bank shared its plans earlier in the year. Many wCBDC trials are quite speculative, but this one is less so. 

The central bank plans to launch a wCBDC during Mr Remolona’s term, which ends in 2029. It is expected to be sooner rather than later, with 2025 or 2026 previously floated as potential timeframes.

Apart from out of hours payments, the wCBDC will potentially be used for securities settlement and cross border payments. The central bank is an observer in the mBridge DLT cross border payment system used by the central banks of China, Hong Kong, Saudi Arabia, Thailand and the UAE.

During 2023 the BSP assessed various blockchain technologies, selecting Hyperledger Fabric.

@ Newshounds News™

Source: Ledger Insights 

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HOW TO OPEN A XAMAN WALLET: THE EASIEST STEP-BY-STEP GUIDE  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

News, Rumors and Opinions Friday AM 12-6-2024

Ariel (@Prolotario1): Iraq and XRP, Exciting Times for us all

Dec. 5, 2024

2025 Budget
Oil & Gas
International Market
New Exchange Rate
Purchasing Power
Victory Day

Today THURSDAY session finishing what the PM ordered “ finishing the budget amendment “ pic.twitter.com/y4jLnize0A

— Majeed KSA (@majeed66224499) December 5, 2024

Home Plate Ladies & Gentlemen

“the few days remaining of the legislative term of parliament can be ratified the budget law – Article 12 – amended by the government and submitted to parliament,"

Already submitted to parliament to finish it today as what PM ordered them to do… pic.twitter.com/QMmeIo1aCH

— Majeed KSA (@majeed66224499) December 5, 2024

Breaking News…

Do you all know how epic this is?

This is akin to the parting of the Red Sea. Just as Moses stretched out his hand, and the waters of the Red Sea divided, allowing the Israelites to pass on dry ground, Ripple has now stretched forth its digital hand, creating a trustline of such magnitude that it shall lead the way for digital currency in a manner unprecedented.

Imagine, if you will, the walls of water held back by divine will, and now see this trustline as those walls, holding back the chaos of financial instability, providing a path of liquidity through which the future of transactions might safely traverse.

This act by Ripple could be seen as a modern-day covenant, a promise of prosperity and security in the blockchain realm, much like the covenant made with Noah after the flood, marking the end of one era and the beginning of another.

In this new era, 10,000 trillion RLUSD stands as a testament, a beacon of financial innovation, where the old ways of currency are washed away, and in its stead, a new foundation is laid for economic interactions worldwide. As the Israelites looked upon the Promised Land, so too might we look upon this financial landscape with hope and anticipation for what is to come.

10,000 TRILLION RLUSD TRUSTLINE CREATED BY RIPPLE JUST NOW
https://t.co/Le27ztWQ7I pic.twitter.com/FODtb9JT27

— SIRTRADESALOT (@COOLBREEZE_____) December 5, 2024

Iraq/Ripple/XRP (Important Read) Exciting Times For Us All

You all have to understand how monumental this is right now. Iraq has already moved towards a digital economy, including the adoption of Ripple’s blockchain-based application, RippleNet, for international money transfers. This trustline could enhance trust and liquidity in the global financial ecosystem.

If Ripple’s RLUSD is used as a bridge for transactions, it might provide a more stable and efficient pathway for countries like Iraq to engage in international trade, potentially easing the transition of the IQD onto the Forex market.

Iraq adopting Ripple’s technology engaging with RippleNet, this basically streamlines cross-border payments, reducing costs and time. Improved transaction efficiency might encourage quicker integration of the IQD into global forex markets.

We are on the cusp of a new dawn for this entire planet. And you just witnessed a major breakthrough today. Can you imagine how financially abundant life will be for you very soon? I’m sure the CBI is watching this right now.

𝙁𝙧𝙤𝙢 𝙏𝙝𝙚 𝙁𝙖𝙧𝙢𝙚𝙧𝙨 𝘽𝙪𝙘𝙠𝙚𝙩 𝙊𝙛 𝙒𝙖𝙩𝙚𝙧 𝙏𝙤 𝙏𝙝𝙚 𝙃𝙤𝙧𝙨𝙚𝙨 𝙈𝙤𝙪𝙩𝙝:

Do you all know how easy it is for the CBI governor of Iraq to come out and make an official statement that the Iraqi Dinar will not gain any significant value for American investors and have this entire train come to a screeching halt? All anticipation and aspirations can be erased in 2 minutes or less.

Do you know how significant this one question is for people who are calling this a scam? People have no clue that the CBI has direct contrast over the Iraqi Dinar that you buy for foreign currency exchange portals online that you are waiting to come our at 1:1 or higher.

The Central Bank of Iraq (CBI) has direct control over the Iraqi dinar through its monetary policies, currency issuance, and exchange rate management. The CBI is the sole authority that issues Iraqi dinar, ensuring all dinar in circulation originates from its reserves or authorized channels.

The CBI sets the official exchange rate of the dinar, which heavily influences its value on international markets and currency exchanges. Any revaluation or devaluation is entirely controlled by the CBI. The CBI conducts daily dollar auctions to stabilize the dinar and manage liquidity.

This process indirectly affects the supply and demand of dinar on global currency exchange platforms thar you purchase your Dinar from based on the links that you see posted in my comment section from my followers. The CBI monitors and regulates foreign entities dealing with the dinar, including international currency exchange platforms.

This is to prevent unauthorized transactions or market manipulation. This is really that simple people. Your hopes of gaining any significant (ROI) can be settled with one written or verbal statement directly from the source responsible for the supply & demand of this currency. Have you seen anything of the sort since buying?

What A Time To Be Alive

Do you see the future?
Do you see the life you want to live?
Do you see the abundance that will be available?

Because if you don’t today’s news should be a base point where your ideas for a better life actually has a sound mission statement that you can objectively carry out now that you will have the financial means to achieve it.

JUST IN: President-elect Trump says his new crypto Czar David Sacks will "work on legal framework so the crypto industry has the clarity it has been asking for."

— Watcher.Guru (@WatcherGuru) December 6, 2024

https://dinarchronicles.com/2024/12/05/ariel-prolotario1-iraq-and-xrp-exciting-times-for-us-all/

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

Walkingstick  The ending of the auctions is very significant and very telling...It was the reason for all this thievery, all of this profiteering that was the lifeline of the parallel market...This is an interesting moment and I think things are being built and put in possession for this stoppage because they said to the citizens, at that time it will be a financial turning point...What comes after the auctions?  Purchasing power. 

Frank26  Everything is in place for the monetary reform to be given to the Iraqi citizens.  The Prime Minister and Alaq are telling the citizens we are 95% done with the monetary reform.  We also know at the end of this year, December 31st, the auctions come to an end...It was the dollar that was keeping the Iraqi dinar stable.  What are you going to do when you don't have the auction?  When you cannot use the dollar anymore in your country?  ...You gave the dollar because the dollar had a very good exchange rate.  Now the dollar is taken away you need a very good exchange rate.  That is exactly what they are doing in my very strong opinion.  They're saying we're at 95%.  Where's the 5%?  IMO it's an awful lot of different things being requested by Donald Trump by Iraq...

This Is What ALWAYS Happens Before A Superpower Falls | Richard Wolff

FreeInvesting:  12-4-2024

https://www.youtube.com/watch?v=QYGm44_vv7I

The End Game and More with Rafi Farber (Little by Little)

Miles Franklin:  12-5-2024

n this exclusive interview, Rafi dives into the current economic landscape, the critical role of precious metals in wealth preservation, and the larger implications of global financial trends on everyday investors. Packed with expert analysis and practical takeaways, this discussion is essential viewing for anyone aiming to stay ahead in volatile markets.

https://www.youtube.com/watch?v=-6fsa55Vax0

“Tidbits From TNT” Friday Morning 12-6-2024

TNT:

Tishwash:  The UN Security Council holds a special session on the situation in Iraq

The UN Security Council will hold a special session, Friday, on the situation in Iraq, and to review the latest developments in the country.

According to a post by the United Nations Assistance Mission in Iraq (UNAMI) on the X platform, the session will be held at (6:00 pm Baghdad time), and it is expected that the UN Special Representative, Mohammed Al-Hassan, will provide a briefing in the session on developments in Iraq and on UNAMI.

In July 2024, UN Secretary-General António Guterres appointed Mohammed Al-Hassan of the Sultanate of Oman as his new Special Representative for Iraq and Head of the United Nations Assistance Mission for Iraq (UNAMI), replacing Jeanine Hennis-Plasschaert .  link

Tishwash:  Al-Alaq receives representatives of the Innovation Center at the Dubai International Financial Center

The Governor of the Central Bank of Iraq, Ali Al-Alaq, discussed on Thursday with representatives of the Innovation Center at the Dubai International Financial Center ways of cooperation in the areas of enhancing innovation and entrepreneurship, and adopting financial technology and artificial intelligence in the Iraqi banking sector.

The media office at the Central Bank said in a statement received by "Al-Eqtisad News" that "the Governor of the Central Bank, Ali Mohsen Al-Alaq, in Baghdad, held a meeting with representatives of the Innovation Center at the Dubai International Financial Center, during which ways of cooperation were discussed in the areas of enhancing innovation and entrepreneurship, and adopting financial technology, artificial intelligence and advanced infrastructure." 

The statement added that "the meeting reviewed opportunities to support innovation in banking systems and electronic payment solutions, and provide opportunities for emerging companies in these fields to enter Iraqi, regional and global markets."

He pointed out that "the meeting discussed developing training programs to build Iraqi capabilities to keep pace with global developments, enhance regulatory cooperation and adopt the best standards in the fields of financial technologies and banking technology."

The statement said that the two parties "discussed strengthening partnerships between the financial and banking sector, emerging companies and investors, in addition to interacting with universities and various institutions to support the next generation of Iraqi entrepreneurs, expressing their commitment to developing partnerships in a way that contributes to achieving the vision of the Central Bank of Iraq in building a digital economic system and a comprehensive financial system based on technology and innovation."  link

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Tishwash:  Ernst & Young reveals the completion rate of the Rafidain Bank restructuring project

The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, chaired an expanded meeting to discuss the project to restructure Rafidain Bank.

The committee for this project included officials from the Iraqi Ministry of Finance, the Central Bank of Iraq, the Prime Minister’s Advisor, and the Head of the World Bank Mission in Iraq, in addition to members of Ernst & Young as an expert auditor and consultant in the restructuring process.

The World Bank's Regional Director in Iraq, Emmanuel Salinas, explained the reality of work on this project, in which he presented the opportunities available within the banking work environment in Iraq and the mechanism for developing the restructuring plan in its operational and financial aspects.

While Firas Kilani, an expert in the restructuring project from Ernst & Young, explained that the project has made great progress since its inception in September 2024 and has currently reached 74%, and the next phase of the scope of work will be completed at the end of this month, moving to an advanced stage in this project.

The Governor of the Central Bank confirmed that the support of the Iraqi Prime Minister in this regard has positively accelerated the progress of the project, to reach important stages in the restructuring and development process at Rafidain Bank.  link

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

Tishwash:  Honeywell discusses Development of Iraqi Oil Refineries

Iraq's Deputy Minister of Oil for Refining Affairs, Hamed Younis, reaffirmed Iraq's commitment to collaborating with reputable global companies to advance its refining sector. This aligns with the government's strategic program and directives from Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani.

During a meeting with Honeywell's Middle East Executive Director, James Moshi, and Iraq Country Head, Mohamed Al-Shabout, discussions focused on strengthening cooperation in refinery development. The meeting also reviewed progress on agreements made during Abdul-Ghani's visit to Honeywell in Houston, USA, last September.

The session was attended by senior officials, including the Director General of the Studies and Planning Department, Naseer Aziz Jabar, and the Deputy General Manager of the South Refineries Company (SRC).

In June, the Ministry of Oil signed a memorandum of understanding with Honeywell to develop oil refineries.

(Source: Ministry of Oil)  link

Mot:  Gunna redecorate!!!??? --- Wellll --- heres how Ya 

Mot: ................ A Dog Naps -- because ----

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

Good Evening Dinar Recaps,

BRICS NEWS:  BRICS: WHY TRUMP’S 100% TARIFF PLAY MAY FURTHER DE-DOLLARIZATION

With the president-elect targeting the BRICS bloc specifically, Donald Trump’s proposed 100% tariff plan may only further global de-dollarization efforts. The statement has been met with increased opposition from countries in the global south. Moreover, it represents another clear attempt at the West weaponizing the greenback.

If enacted, the tariff could be the catalyst for inciting continued efforts to abandon the US dollar on a global scale. Although BRICS nations have previously said that they would not seek to ditch the currency, Trump’s policies could drive a necessary recalculation of what would be best for these countries.

Trump’s 100% Tariff Could Mirror Sanctions, Drive Global De-Dollarization

Following his historic victory in the 2024 presidential election, the US dollar has remained a focus for Donald Trump’s incoming administration. Specifically, he has continually said that losing the greenback as the world’s currency would be akin to the country “losing a war.” Therefore, its position in global finances remains a focal point.

That led the incoming president to issue a stark warning to BRICS nations. “The idea that the BRICS are trying to move away from the dollar while we stand by and watch is OVER,” he said in a Truth Social post.

“We require commitment from these countries that they will neither create a new BRCIS currency to replace the mighty US dollar, or they will face 100% tariffs and should expect to say goodbye to selling into the wonderful US economy,” he added.

Yet, his recent statement only reinforced the reasons why nations are stepping away from trading in the currency. For BRICS and many others, Trump’s 100% tariff plan may only further de-dollarization. It once again shows that the United States wants to leverage its perceived power for its own economic gains and standing.

The imposition of Western sanctions drove Russia to initiate de-dollarization efforts through its BRICS alliance. The weaponization of the greenback saw the bloc further enhance trade deals. Ultimately, leading to the promotion of local currency trade.

That will only enhance under Trump’s tariff plan. Moreover, it will harm American industries. The current efforts to ditch the US dollar wouldn’t have the same effect on imports that the incoming presidents would. In the end, he may well be shooting his incoming administration in the foot.

@ Newshounds News™

Source: WATCHER GURU 

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ASIA-PACIFIC (APAC) CRYPTO ADOPTION 2024: KEY TRENDS AND INSIGHTS TO KNOW

▪️The Asia-Pacific region has seen a surge in cryptocurrency adoption, far outpacing the global average.

▪️APAC's crypto adoption is driven by real-world use cases and cultural acceptance, rather than just financial speculation.

▪️Countries with better regulatory frameworks are witnessing higher adoption rates and increased institutional interest.

The Asia-Pacific (APAC) region is undergoing a major shift in how people use cryptocurrencies. From financial centers like Hong Kong and Singapore to growing markets in Southeast Asia, digital assets are becoming more mainstream. In APAC, crypto isn’t just a way to make money—it’s becoming part of daily life, driven by people and culture, not just technology.

Crypto Adoption Soars Across APAC

A recent report by Consensus, titled “Driven By Demand: The People-Powered Crypto Movement in Asia Pacific,” shows that crypto adoption in APAC has reached 22% in 2024—nearly three times the global average of 7.8%.

Thailand leads the way with a remarkable 43% adoption rate, followed by the UAE (37%), India (32%), and the Philippines (31%). Countries like South Korea (28%) and Hong Kong (24%) are also making progress, while Japan (12%) and Mainland China (17%) are lagging behind.

A Tool for Financial Inclusion

The survey, which included nearly 4,300 participants from ten APAC countries, reveals that more than half of respondents (51%) see digital assets as a key to financial inclusion. Additionally, 37% believe crypto gives them more control over their finances without relying on banks.

This shows that, in APAC, crypto isn’t just about making a profit—it’s a practical tool for everyday use and fits well with the region’s culture.

Crypto’s Everyday Value

Over the past year, the attitude toward cryptocurrencies in APAC has shifted significantly. With fewer scandals and more local activity, trust in the industry has grown. Unlike in some Western regions, where distrust of traditional banks drives crypto adoption, APAC users focus more on crypto’s practical benefits for daily life.

Interestingly, only 18% of people surveyed said they distrust banks. This suggests that in APAC, crypto is seen as a solution to real-world problems, not just a reaction to traditional financial systems.

Race to Become a Crypto Hub

The report also finds that 69% of respondents believe clear regulations are important to protect crypto users. However, the report suggests that regulation alone isn’t what’s driving adoption—it supports the strong demand already present in the market.

Countries with higher adoption rates, like Thailand and the UAE, benefit from clearer regulations, which help the crypto ecosystem grow.

APAC Leading the Global Crypto Charge

Michael Lau, Chairman of Consensus Hong Kong, pointed out that APAC is setting the pace for the global crypto market. He highlighted how recent Bitcoin and Ethereum ETF approvals, along with more institutional investments, are positioning APAC as a leader in creating a more connected global financial future.

With its mix of cultural acceptance, practical use, and evolving regulations, APAC is not only shaping the future of cryptocurrency—it’s influencing the global financial system.

This people-driven movement proves that when demand meets innovation, real change happens.

@ Newshounds News™

Source: Coinpedia 

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ISO 20022: The Future of Finance, Explained  |  Youtube

Be sure to check out our Timeline and Roadmap with detailed information on the Timeline of the QFS from the beginning, to where we are now, to the expected LIVE date.

Check out the Timeline

Check out the  Roadmap

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

They Have To Get This Right For America To Have A Real Chance

They Have To Get This Right For America To Have A Real Chance

Notes From the Field By James Hickman (Simon Black)  December 5, 2024  

On November 20, 1945, an international tribunal first convened in the Bavarian city of Nuremberg to prosecute key leaders of Nazi Germany for crimes against humanity. The Nuremberg Trials were a key aspect of holding individuals accountable for the brutal acts and genocide committed under Nazi rule.

High-ranking officials, including Hermann Göring and Rudolf Hess, faced charges, and they tended to grab most of the headlines. But plenty of lower ranking officers, and even doctors, faced trial as well. Naturally they tried to defend themselves by claiming they were “only following orders”.

But the Nuremberg Trials established a clear precedent that moral responsibility falls on the individual who committed the crime. “Only following orders” is simply not a valid justification for blatant wrongdoing.

It’s always dangerous territory to bring up the Nazis in any intellectual argument because it’s just so sensational. But in this case the analogy is an important one because we’re ultimately talking about accountability.

Bureaucrats and politicians in the US government commit outrageous, egregious acts of wasteful mismanagement on a daily basis. A lot of it is even deliberate.

And yet no one is ever held accountable. The conservative writer Thomas Sowell once argued that “it is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.”

People in the private sector pay for their mistakes all the time. Businesses who don’t deliver value soon find themselves without customers. Employees who don’t do good work find themselves out of a job.

But government officials have squandered trillions of dollars. They locked down businesses, forced experimental vaccines on children, censored free speech, and violated just about every right imaginable.

How many have been truly held accountable?

TO READ MORE: https://www.schiffsovereign.com/trends/they-have-to-get-this-right-for-america-to-have-a-real-chance-151850/

Evening News with MarkZ and Dr. Scott young. 12/05/2024

Evening News with MarkZ and Dr. Scott young. 12/05/2024

MarkZ Disclaimer: Please consider everything on this call as my opinion.  Be sure to consult a professional for any financial decisions

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

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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=6LTAsEe84AY

More News, Rumors and Opinions Thursday PM 12-5-2024

Gold Telegraph: Change is Happening in the Global Financial System

12-4-2024

China has announced a ban on rare mineral exports to the United States.

Again, Financial assets vs. Elements.

BREAKING NEWS: DEVELOPING COUNTRIES SPENT A RECORD $1.4 TRILLION TO SERVICE THEIR FOREIGN DEBTS IN 2023 AS INTEREST COSTS CLIMBED TO A 20-YEAR HIGH

You wonder why change is happening in the global financial system?

The BRICS nations collectively accounted for about $578 billion in United States imports. There is good reason for the United States to be worried about BRICS nations reducing their dependency on the dollar. The dollar currently serves as the economic heartbeat of America.

BREAKING NEWS: CHILE AIMS TO INVEST $83 BILLION IN MINING THROUGH 2033

This is the world’s biggest producer of copper.

“About 52% of spending totaling $42.96 billion is pegged for projects planned between 2024 and 2026…”

Source: https://www.reuters.com/markets/commodities/chile-aims-invest-83-bln-mining-through-2033-newspaper-says-2024-12-04/

Many Chinese metal importers have stopped buying United States copper scrap in anticipation of tariffs.

Finance vs. Elements.

China is the biggest importer of copper.

Russian President Vladamir Putin questioned holding state reserves in foreign currencies, citing risks of political confiscation. Countries around the world pay close attention to these types of comments. Gold.

Jerome Powell says:

“There is very, very broad support for the Federal Reserve to pursue monetary policy for the benefit of all Americans at all times.”

Thank you, Mr. Powell, for providing the joke of the day.

The French government has collapsed.

The world is a cold place, maybe that’s why I gravitate to gold. What can you trust?

https://dinarchronicles.com/2024/12/04/gold-telegraph-change-is-happening-in-the-global-financial-system/

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Ariel (@Prolotario1): Showed the Iraqi Dinar to a Capital One Manager

I was showing a manager at Capital One the other day all the accounts on X some who I know have Iraqi Dinar. On how people want this to be a scam more than they want me or my followers to be right about holding it for an ROI.

And this manager already has multiple SKRs from investors he is ready to manage once the new exchange rate is released. I live in the real world. Where results are real-time. Face to face contact with banking offers or services to help compound on your capital.

Online opinions remain a virtual remnants of ideas confined to a digital space that has no bearing on organic human interactions with tangible applications. This is something detractors underestimate. IQD is not a stock. Buying it will not raise the price.

Meaning nobody is currently marking up rates on X who are not selling this currency to you but only giving you a heads up on what will happen once the CBI decides it is the right time to reinstate their currency at parity level with the US dollar. Which is designed to level the playing field for all countries.

Source(s):
https://x.com/Prolotario1/status/1864432194032128123

https://dinarchronicles.com/2024/12/04/ariel-prolotario1-showed-the-iraqi-dinar-to-a-capital-one-manager/

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

Mnt Goat  As investors we all...should realize that there is a deal with China and Iraq on providing oil at a fixed price. This deal was brokered by the US Treasury and it included pre-selling some of the U.S. oil credits to China at a fixed price. But these are credits and these credits only materialize when we, as investors then exchange our dinar.  Yes, billions in oil credits...  I talked about these oil credits...when I described... how this RV would be paid for...

Frank26  Everything is in place for the monetary reform to be given to the Iraqi citizens.  The Prime Minister and Alaq are telling the citizens we are 95% done with the monetary reform.  We also know at the end of this year, December 31st, the auctions come to an end...It was the dollar that was keeping the Iraqi dinar stable.  What are you going to do when you don't have the auction?  When you cannot use the dollar anymore in your country?  ...You gave the dollar because the dollar had a very good exchange rate.  Now the dollar is taken away you need a very good exchange rate.  That is exactly what they are doing in my very strong opinion.  They're saying we're at 95%.  Where's the 5%?  IMO it's an awful lot of different things being requested by Donald Trump by Iraq...

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"Markets HORRIFICALLY OVERVALUED As Insiders Head For The Exits" - Mike Maloney

12-5-2024

“If this is a measurement of the scale of our bubble…that is saying…this is horrifying.

This is absolutely horrifying. If this reverts to the mean, we are talking about a Modern Dark Age. And the informed people on the Titanic, are getting into the lifeboats right now.

That is what’s going on.” –

https://www.youtube.com/watch?v=LsY5dblyK9Q

Iraq Economic News and Points to Ponder Thursday AM 12-5-24

Warning Against The Consequences Of Canceling The Dollar Selling Platform In Iraq.. The Green Currency Is Hostage To Jordan And The Gulf States

Financial and economic affairs expert Mustafa Akram Hantoush warned today, Thursday (December 5, 2024), of the consequences of canceling the dollar selling platform to merchants during the next stage, according to what was announced by the Central Bank of Iraq.

Hantoush, a journalist, said, "The Central Bank of Iraq must know very well that the collapse of the Iraqi banking system and the punishment of (32) Iraqi banks without a clear charge over a period of a year and a half is not normal, and from the perspective of banking work, this may be the first incident in the world of this kind."

He added, "The worst thing is the lack of serious solutions from the Central Bank of Iraq to this situation, but rather the move towards cancelling the (fitr) platform by the end of 2024 and handing over the dollar file to banks affiliated with foreign investors and banks (Jordanian and Gulf), which gives the impression that this matter was planned from the beginning."

He continued, "The failure of the Central Bank of Iraq to find solutions for the Iraqi banking sector will fire the mercy bullet at the entire Iraqi banking system and it will become punished as a whole, which will lay off nearly 100,000 workers in the Iraqi private banking sector in favor of Jordan and the Gulf countries," noting that "in the absence of banking competition, the stability of the exchange rate becomes difficult due to the monopoly of the dollar by certain banks and may lead to new fluctuations in the exchange rate."

Hantoush wondered: "Why is the work of the (Fitr) platform not being extended in coordination with the new US administration? Also, why are Iraqi banks not guaranteed to open an account for themselves in correspondent banks in dollars (Citibank/JP Morgan) as the countries of the region have done?"

He pointed out that "the surprising thing is that, until now, the mechanism for cooperation and auditing with Ernst & Young has not been determined or announced regarding transfers in currencies other than the dollar (euro - yuan - lira - dirham), nor have the results of the agreement and contract with Oliver Wyman regarding the (32) sanctioned banks and what their fate will be have not been announced. This means that the banking situation in Iraq is facing many major crises, and the dollar will be difficult to control in the parallel market."    https://burathanews.com/arabic/economic/453500

US Ambassador: We Affirm Our Commitment To The Growing Partnership Between The United States And Iraq

Thursday 05 December 2024 21:23 | Politics Number of readings: 53 Baghdad / NINA / US Ambassador to Baghdad Alenia Romansky affirmed, today, Thursday, her country's commitment to the growing partnership between the United States and Iraq.

The ambassador said in a post on the X website: "Today we celebrated the American National Day at the US Embassy in Baghdad, affirming our commitment to the growing partnership between the United States and Iraq." / End    https://ninanews.com/Website/News/Details?key=1173084

Iraq Buys Gold In Large Quantities.. And An Expert Reveals The Reason

Time: 2024/12/05 Read: 2,691 times  {Economic: Al Furat News} An economic expert revealed the reason behind Iraq’s import of large quantities of gold.

Manar Al-Obaidi said in a statement received by {Euphrates News} that "according to data on exports from countries, specifically the UAE, which has become the largest exporter to Iraq in terms of value, we find that more than 42% of the UAE's exports to Iraq are gold."

He explained that "the main reason for importing these quantities is due to its use as an alternative to the dollar in trade exchange with some countries that are prohibited from dealing with banks, and as a result of the lack of cash dollars in the markets, it is replaced by importing gold from outside Iraq, and then trade is carried out using this metal."

He pointed out that "the expected value of gold from the UAE until the end of 2024 will be between 12-18 billion dollars, in addition to mobile phones, the volume of their exports from the UAE alone ranges between 6-8 billion dollars."

Al-Obaidi continued, "There are approximately 20-24 billion dollars in goods that are imported, which are not used for local consumption, but are reused in foreign trade exchanges."

He pointed out that "inflation rates in Iraq have decreased to less than 3% as a result of the ability to import goods from various entities that are prohibited from dealing with banks using gold and mobile phones."

He stressed that "the hedge that citizens are looking for for their savings in times of crisis tends to buy gold instead of keeping the local currency and also the disappearance of the cash dollar from the market."

The economic expert said, "As a result, Iraq has no alternative except by establishing an electronic clearing system between it and the countries that are prohibited from dealing with banks, and then there will be no need for these complex mechanisms to cover trade exchange without the need to go through the global banking system and the inability to cover imports from these countries."

The World Gold Council announced on November 6 that Iraq had raised its gold holdings to more than 152.5 tons.

According to a table published by the council for November 2024, "Iraq ranked 29th out of 100 countries listed in the table with the largest gold reserves," indicating that "Iraq ranked third in the Arab world after Saudi Arabia and Lebanon."

He added, "Iraq increased its gold holdings to 152.6 tons, after it had held 152.5 tons, which represents 11.5% of its remaining reserves."   LINK

Gold Steady Amid Anticipation Of US Wage Data

Thursday 05 December 2024 08:47 | Economic Number of readings: 168

Baghdad / NINA / Gold prices stabilized on Thursday, as investors awaited data on wages in the United States, to get more signals on the path of the Federal Reserve's monetary policy (the US central bank).

Spot gold recorded $ 2,648.89 per ounce, and US gold futures fell 0.1 percent to $ 2,672.60.

The US wage report is scheduled to be released tomorrow, Friday, followed by inflation data for November next week.

As for other precious metals, silver fell 0.1 percent to $ 31.31 per ounce, platinum fell 0.2 percent, recording $ 939.07, and palladium lost 0.3 percent, recording $ 975.48. / End https://ninanews.com/Website/News/Details?key=1172937

 Oil Rises After OPEC+ Extends Output Cuts Until 2026

Arabic and international   Economy News - Follow-up  Oil prices rose slightly on Thursday after OPEC+ decided to postpone an increase in production until April 2025 and postpone the complete cancellation of cuts by a year until the end of 2026.

By 1424 GMT, Brent crude futures were up 40 cents, or 0.55 percent, at $72.71 a barrel, while U.S. West Texas Intermediate (WTI) crude futures were up 40 cents, or 0.58 percent, at $68.94 a barrel.

OPEC+, which includes OPEC members and allies such as Russia, had planned to start easing production cuts from October 2024, but slowing global demand and rising production from outside the group have forced it to postpone those plans more than once.

"This will not lead to a supply shortage next year and a surplus is still expected," said Tamas Varga of oil broker PVM.

The gradual removal of the 2.2 million barrels per day cut will begin from April 2025, in monthly increments of 138,000 barrels per day, according to Reuters calculations, and will continue for 18 months until September 2026.

In the United States, a larger-than-expected drop in U.S. crude inventories last week provided some support to prices.

In the Middle East, Israel said on Tuesday it would return to war with Hezbollah if the truce between them collapsed, in which case it would launch attacks deep inside Lebanon and target the state itself.

US President-elect Donald Trump's Middle East envoy has traveled to the region to visit Qatar and Israel to push diplomatic efforts to secure a ceasefire in Gaza and the release of Israeli hostages before Trump takes office on January 20, a source familiar with the matter told Reuters.

 45 views   Added 12/05/2024 - https://economy-news.net/content.php?id=50584 

Central Bank Governor: Prime Minister's Support Accelerated Progress Of Rafidain Bank Restructuring Project

Banks  Economy News – Baghdad  The Governor of the Central Bank, Ali Mohsen Al-Alaq, confirmed today, Thursday, that the support of Prime Minister Mohammed Shia Al-Sudani accelerated the progress of the Rafidain Bank restructuring project.

The bank's media office stated in a statement received by "Al-Eqtisad News" that "the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, chaired an expanded meeting to discuss the project to restructure Rafidain Bank," noting that "the committee for this project included officials from the Ministry of Finance and the Central Bank, the Prime Minister's advisor, and the head of the World Bank mission in Iraq, in addition to members of Ernst & Young as an expert auditor and consultant in the restructuring process."

He added that "the World Bank's Regional Director in Iraq, Emmanuel Salinas, explained the reality of work on this project, in which he presented the opportunities available within the banking work environment in Iraq and the mechanism for developing the restructuring plan in its operational and financial aspects."

According to the statement, Ernst & Young’s restructuring project expert, Firas Kilani, explained that “the project has made great progress since it began in September 2024 and has currently reached 74%, and the next phase of the scope of work will be completed at the end of this month, moving to an advanced stage in this project.”

The governor stressed that "the support of the Prime Minister in this regard has positively accelerated the progress of the project, to reach important stages in the restructuring and development process at Rafidain Bank." 227 views Added 2024/12/05 -  https://economy-news.net/content.php?id=50562

Parliamentary Finance Committee Discusses The Draft Law Amending The First Budget Law

Chairman of the Parliamentary Finance Committee Atwan Al-Atwani  Money and business  Economy News – Baghdad  The Parliamentary Finance Committee discussed, on Thursday, the draft law amending the first law of the Federal General Budget Law (2023-2025).

The committee's media office stated in a statement, which was reviewed by "Al-Eqtisad News", that "the Parliamentary Finance Committee, headed by Atwan Al-Atwani and attended by a number of its members, held its fifth meeting to discuss the draft law of the first amendment to the Federal General Budget Law (2023-2025)."

The statement added that "the meeting discussed the aspects related to this amendment; with the aim of maturing it and preparing it in the best possible way to ensure its implementation and end the problem of the oil dispute between the central government and the regional government and resume oil exports."

The statement explained that "the attendees decided to submit an official request to the Presidency of the Council of Representatives to remove the second reading from the agenda of today's session; in order to complete the discussion of this law, as the Finance Committee is still waiting for the Ministry of Finance to provide the data required of it, regarding the mechanism for financing the amounts related to the costs of producing and transporting the region's oil, according to what was stipulated in the draft law sent from the government to Parliament."

The statement continued, "The meeting also discussed the problem of delayed financing of the governorates, as the representatives indicated - during their interventions - that there was a clear shortcoming in the performance of the Ministry of Finance," stressing "the importance of reconsidering the path of building the general budget, and transforming it from a planning budget to a realistic budget."  85 views   Added 12/05/2024 https://economy-news.net/content.php?id=50583

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

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

Good Afternoon Dinar Recaps,

CITI, JP MORGAN, OTHERS COMPLETE TOKENIZATION SETTLEMENT TRIALS

Ten institutions completed simulated trials of the Regulated Settlement Network (RSN), exploring the use of a shared DLT network to settle tokenized transactions. It was an extension of previous trials of the Regulated Liability Network conducted last year, which included tokenized commercial bank money and tokenized central bank money on the same network.

This time tokenized Treasuries and investment grade bonds were also on the shared ledger, enabling delivery versus payment for wholesale transactions. The trials also explored interoperability with external DLT networks.

Securities Industry and Financial Markets Association (SIFMA) acted as coordinator for the institutions involved, which were Citi, J.P. Morgan, Mastercard, Swift, TD Bank N.A., U.S. Bank, USDF, Wells Fargo, Visa, and Zions Bancorp, led by SIFMA.

The group published three reports on the business, technology and legal aspects and will hold a virtual briefing on the RSN trials at 1pm Eastern Time.

The Benefits of Shared DLT Ledgers

Shared institutional networks for tokenized assets are attracting attention for several reasons. If a tokenized Treasury is settled using central bank money on the same ledger, settlement risks are eliminated almost entirely. Smart contracts enable automation and straight through processing. And always-on networks allow for settlement outside of working hours and batch cut off times. That could prove especially convenient to assist overseas clients.

Five thoughtful use cases each demonstrated different benefits. While immediate settlement of Treasury transactions is risk free, institutions prefer net settlement to reduce cash demands.

Today just 20% of repo transactions are centrally cleared, but new SEC rules will require a far larger proportion. Hence, one of the use cases ran a central counterparty (CCP) using the shared ledger that offered multiple settlement windows during the day. That allows firms to settle intraday and take advantage of netting.

While the RSN could become a major network, the group recognizes it won’t be the only DLT network. So other trials explored interoperability with non RSN networks, either using Swift orchestration or via direct APIs.

For example, Mastercard has its Multi Token Network (MTN) which tested payments between two banks using MTN. The interbank settlement was performed on the Regulated Settlement Network (RSN) using central bank money.

Meanwhile, RSN trials used the Canton DLT from Digital Asset. Deloitte assisted SIFMA in coordinating the project and Sullivan & Cromwell provided legal input.

Contributors included BNY Mellon, Broadridge, the  Depository Trust and Clearing Corporation (DTCC), International Swaps and Derivatives Association (ISDA), Tassat Group, and the non profit MITRE Corporation. The New York Innovation Center (NYIC) at the Federal Reserve Bank of New York participated as a technical observer.

@ Newshounds News™

Source:  Ledger Insights

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VANCOUVER MAYOR PUSHES BITCOIN AS RESERVE ASSET IN BOLD FINANCIAL PLAN

Vancouver is the latest city to join the discussions on adding Bitcoin to the government’s financial reserves. At a city council meeting on November 26th, Mayor Ken Sim submitted his notice of motion, where he plans to introduce his proposed Bitcoin bill on December 11th.

The city’s proposal is titled ” Preserving the city’s purchasing power through diversification of financial resources: Becoming a Bitcoin-friendly city. ” It aims to integrate Bitcoin into the city’s financial system and make Vancouver a “Bitcoin-friendly city,” using Bitcoin as a hedge against inflation and promoting economic development.

Vancouver Makes A Move Towards BTC Adoption

Vancouver Mayor Ken Sim is taking the necessary steps to prepare the city for the blockchain. 

As a Bitcoin supporter, Sim is pushing for widespread adoption to hedge against inflation and promote economic development. In a November 27th meeting, Mayor Sim filed a motion of notice detailing his plan to present the proposal to adopt Bitcoin on December 11th.

Under the proposal, Vancouver will transform into a “Bitcoin City” and authorize the city government to diversify its resources to include Bitcoin. If the council approves, residents of Canada’s third-largest city can purchase Bitcoin.

However, it isn’t clear in the proposal if Sim also authorizes setting up a Bitcoin strategic reserve, similar to the one being pushed by US senator, Cynthia Lummis.

Mayor Sim And His Campaign For Bitcoin

Sim is one of the country’s most vocal supporters of Bitcoin. During the campaign, Sim’s party announced it would accept cryptocurrency donations. He explained that their commitment to blockchain technology demonstrates their plan to accept crypto as donations. He also teased the electorate that he will push for crypto-related policies if he wins.

Sim became Vancouver’s mayor in October 2022. During his tenure as city mayor, he rarely gave speeches or talks on Bitcoin and cryptocurrencies. Interestingly, a book titled “The Bitcoin Standard” by Saifedan Ammous was seen in the mayor’s office during his interview with Global News on November 25th. Many observers pointed to this item in his office as evidence of the mayor’s interest in crypto.

Push For BTC Mainstream Adoption Intensifies

Today, Bitcoin continues to surge in price thanks to a growing mainstream adoption. Sim’s move to integrate Bitcoin into Vancouver’s financial system is just one of the many proposals reported recently. According to Jeff Booth, a blockchain author, Mayor Sim’s proposal aims to promote the adoption of Bitcoin as a reserve asset.

Aside from Vancouver, a few states and governments are working overtime to fast-track Bitcoin’s mainstream adoption.

 For example, the state of Florida plans to tap a portion of its pension funds and use it to buy crypto. Pennsylvania is also planning to set up a Bitcoin reserve. Then, there’s the city of Detroit, which teases a plan to accept Bitcoin as a payment option.

@ Newshounds News™

Source:  Bitcoinist   

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MARTIAL LAW VS DEMOCRACY WHICH IS BETTER FOR FREEDOM?  |  Youtube

South Korea's Martial Law and its effects.  It was overturned and only lasted for 6 hours.

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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