“Tidbits From TNT” Friday 12-20-2024

TNT:

Tishwash:  Because of Iraq!.. Iran will accept “what it did not accept before” 

Strategic and security affairs researcher, Firas Elias, said on Thursday that Iran will accept “what it did not accept before” in order to preserve Iraq because it is the gateway to its safety and the gateway to the danger that could reach it in the future.

Elias said in a post on the “X” platform, which was followed by “Al-Jarida”, that “Iraq is the jewel in Iran’s crown in the region, and it is the wall that protects it from a major collapse, so it will secure and preserve it, even if it is forced to accept what it did not accept before.”

He explained, "Today, it (Iran) is open to all the regional and international solutions and conditions proposed in Iraq, because it is the gateway to its safety and the gateway to the danger that could reach it in the future." link

Tishwash:  What are the objectives of expanding foreign transfer channels by the Central Bank of Iraq? 

Economic expert Alaa Al-Fahd revealed, today, Thursday (December 19, 2024), the goal of the Central Bank of Iraq in expanding external transfer channels for local banks.

Al-Fahd said in an interview with Baghdad Today, "Within the Central Bank's policy and its continuous attempts to control foreign transfers to finance trade, especially in dollars, there is a continuous effort to expand the basket of foreign currencies used in imports, especially with countries with which we have import dealings, the transfer is in the currencies of the countries, and there was an agreement on this with the Turkish side, as well as the Emirates, China, and today with Jordan and Saudi Arabia."

He explained that "this step reduces the demand for the dollar to finance foreign trade, as most of the demand for the dollar is to finance foreign trade, and with the expansion of the currency basket, the pressure in the parallel (black) market on the dollar decreases, and this reduces the exchange rate in the local market."

He added, "This step will also allow many banks to deal with many countries according to the currencies of those countries, and this will enhance a major role in developing the work of banks in terms of experience. Its main goal is to control the dollar exchange rate and work to reduce it."  link

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Tishwash:  Amidst the challenges... What is Iran's plan to save its currency?

The imminent return of US President-elect Donald Trump to the White House and rising tensions with Israel have put pressure on the Iranian currency, the rial, to lose another chunk of its value and hit a new record low.

The European Union has added further pressure on the Iranian rial, after announcing its intention to activate the “trigger” mechanism, following Tehran’s condemnation by the International Atomic Energy Agency’s Board of Governors last month for “not cooperating sufficiently” in its nuclear program.

After the Iranian press used to publish daily reports about the decline in the value of the currency against the dollar, the Iranian government's economic team announced its plan to limit the decline of the rial and curb the prices of hard currency in the markets.

Supply and demand

In a move aimed at bridging the gap between the government exchange rates and the parallel market, the Central Bank of Iran has cancelled the government pricing of hard currency allocated for importing some basic commodities, starting last Saturday, so that the price of the green currency will be determined according to the mechanism of supply and demand between exporters and suppliers in the consensus market designated for trading hard currencies.

Following this move, the consensus price of the dollar stabilized the next day at around 600,000 Iranian rials, but it continued to rise on Monday and Tuesday in the “NIMA” market for foreign exchange trade at 613,000 and 617,000 rials, respectively.

In the parallel free market, the price of one dollar jumped to 768 thousand riyals last Monday, then touched the threshold of 778 thousand riyals yesterday, Tuesday, after trading at about 733 thousand riyals, on the eve of the launch of the new mechanism.

Objectives and justifications

The Central Bank of Iran's move came after a number of factories refused to continue their activities due to the accumulation of losses resulting from the mandatory pricing, as they were forced to display their export revenues in the government market, and sell their hard currency at prices lower than their real price, and in return buy raw materials according to the parallel market prices.

Iranian Economy Minister Abdolnaser Hemmati said that implementing this mechanism is a preliminary step towards getting rid of the mandatory pricing, especially in the hard currency market, adding that the mandatory pricing will lead to financial corruption, rent distributions and exacerbate difficulties in the hard currency market.

In a tweet on the X platform, Hemmati wrote that unrealistic prices cannot be defended without containing inflation, and despite the feasibility in the short term, it will not last long, warning that continuing to work with mandatory pricing would eliminate the national reserves of hard currency and undermine the country's economic security.

A strong shield to protect the economy

A segment of Iranian experts believe that the Central Bank aims, through its measures, to encourage factories to produce and export.

Economic writer Hamid Sayed Qurbani welcomed the new mechanism, considering it to be in the interest of economic development through supporting exports, and also in line with the restrictions that should be imposed on imports in order to achieve comprehensive self-sufficiency and presence in foreign markets.

In an article titled “The harmonious currency; a first step towards national development” published on the (Economy Online) website, Sayed Qurbani believed that the new mechanism will reduce the volume of unnecessary demand for imports, and contribute to eliminating the false demand for hard currency, leading to a reduction in its prices in the markets, transferring profits from the suppliers’ basket to exporters, and supporting national production.

Given the national fear of shrinking oil exports with Trump’s return to the White House by imposing more sanctions, which could lead to an increase in the currency’s price in the markets, the author likens the new mechanism to a strong shield that will protect the national economy from external shocks to the exchange rate.

Political developments

In contrast, Iranian economic expert Albert Baghzian recalls the obsession of successive Iranian governments with unifying the exchange rate and bridging the gap between official prices and the free market, stressing that the harmonious price mechanism will succeed if it satisfies suppliers and exporters and spares them the need to consult the black market for supply and demand, adding that he does not expect the new mechanism to succeed.

In an interview with Setareh Sobh newspaper, Baghazian considered lifting foreign sanctions a condition for the Iranian economy to get rid of the crises of high hard currency prices and the decline in the value of the national currency, explaining that the exchange rate in Iran is affected by political developments more than economic indicators and supply and demand in the markets.

He said: “Given the reality of sanctions, tension in Syria, and Trump’s return to power in the United States, concern will remain in the Iranian hard currency market, because providing hard currency in sufficient quantities is a condition for talking about unifying the exchange rate, which encourages the strengthening of the national currency and the decline in the value of foreign currencies.

The Iranian academic said that his country suffers from a problem in providing hard currency due to the sanctions, even the revenues from oil sales return to the country in the form of goods, stressing that imposing sanctions on the economy is equivalent to cutting off a person’s limbs and paralyzing his life, as the major powers have been imposing embargoes instead of wars and military attacks.

The fall of the lion

On the other hand, a third segment in Tehran senses a direct relationship between the fall of Bashar al-Assad’s regime in Syria and the acceleration of the decline of the Iranian currency and its recording of a new record low against the dollar, due to the major repercussions of the regional political development on the Iranian economy.

Although the value of trade exchange between Iran and Syria did not exceed $170 million during the past year, the fall of Assad paints a foggy horizon for Tehran’s dues to Damascus, which are estimated at tens of billions of dollars.

In this context, the analytical website (Bazaar News) published an article entitled “The Syrian Crisis and Its Impact on the Iranian Economy,” in which its author believes that the new scene in the Levant will expose part of Iranian investments in the Syrian infrastructure and its military and security sectors to destruction.

The article believes that the lack of security in Syria may affect Tehran's investments in neighboring countries, as well as undermine the Iranian corridor linking the East and the West and reduce its position in front of the corridor planned to link India and Europe via the Middle East (IMEC). link

Mot: . ooooh lordy - been un of does Years!!!!

Mot:  ........... UH OH!!!!!

Coffee with MarkZ and Mr. Cottrell. 10/20/2024

Coffee with MarkZ and Mr. Cottrell. 10/20/2024

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Happy Friday….cannot believe it’s another weekend already

Member: Time flies when you are having fun….lol

Member: Could this be our last broke Friday with Mr. C?????

MZ: I sure hope my Iraqi contacts are accurate…sometime between now and the first of the year for a REER (Real Effective Exchange Rate)

Member: Any update on tier 3 getting paid?

MZ: No fresh updates on tier 3, but I do have redemption personnel who have been trained on exchanging currencies- specifically the currencies we hold- and they are expected to work this weekend. This is odd going into Christmas.

MZ: I hope this means something besides just finishing up end of year things.

MZ: “China secretly buying up massive amounts of gold. 10X more than officially reported-Goldman”  Goldman Sacs has been very up front that we will see $3000 gold in the coming days. They say central banks have been aggregating gold at a record pace. Why are they collecting gold? In case of sanctions or are they getting ready to have a gold backed currency?

MZ:  IMO its easy to see we are moving to a gold standard

Member: Mnt. Goat:  (From dinar Guru)  We were told of the issue of the parallel market and my CBI contact told me that this had to come in par with the “official” CBI rate in order to make the in-country revaluation of the dinar possible, before the project to delete the zeros could occur.   They said that the new correspondent bank procedure should eliminate the parallel market...The RV is going to happen, but first things first... 

MZ: A change in the dinar rate breaks that parallel market…so to me with the mechanisms put in place yesterday……now they can pull the trigger.

MZ: “ Parliamentary finance: 2025 budget tables will reach parliament early next year”  They are talking about the first week of January to finish their budget. I was told this would have no affect on the timing of the RV. This article could be an effort to cloud timing like they did in Kuwait.

MZ: “  Warning of Iraq’s violation of the international will seeking change in the middle east”  This is a terrible translation from Arabic to English. What they are saying is there is a huge movement in the world to have Iraq be the safe, secure, stable leader in the middle east. And what will they need? A new rate. The international world is pushing Iraq forward. To me this means a new rate sooner rather than later.

Member: so is Iraq the trigger for the reset ?

MZ I very much believe Iraq is the trigger for the worldwide reset. Remember Jaimie dimon saying Iraq was going to be the savior of the world economic systems.

Member: I believe the Iraq auctions are supposed to end by Dec 31st?

Member: According to Frank26, the auctions are done ?

MZ: Yes those auctions are ending.

Member:  Nader says the day after Christmas

Member: I don't think I have ever seen Nader place a time period like this before!! Sounds good too me!!!

Member: Christmas is a work day in three Middle East. no holidays next week. Business as usual. we get New Years Day off

Member: ​​So if the Saint Germaine Trust opens on Christmas and Mr. C said the codes happen at the same time, then does that mean the RV could happen on Christmas?

Member: I believe that is what it means.

Member: I wish we could get this party started already

Member: I think the fireworks are going to start very soon!

Member: sorry guys wrote a letter for all of us to Santa asking for the rv …..problem is  that it was from me ….probably we'll get lump of coal instead….lol

Member: Everyone have a great day and a fabulous weekend. Hopefully our last weekend broke!!

Mr. Cottrell joins the stream today. Please listen to the replay for his information and opinions.

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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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.

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Seeds of Wisdom RV and Economic Updates Friday Morning 12-20-24

Good Morning Dinar Recaps,

MOROCCO TO ADOPT A LEGAL FRAMEWORK FOR CRYPTO ASSETS

Morocco aims to regulate the use of crypto assets without hindering innovation in the crypto ecosystem.

Legal Framework for Crypto Nears Adoption in Morocco

A legislative framework governing crypto assets in Morocco is almost ready for adoption, according to Abdellatif Jouahri, the governor of Morocco’s central bank, Bank Al-Maghrib (BAM). This framework seeks to promote financial innovation while regulating the usage of crypto assets.

The central bank governor shared the key update at the BAM council’s final meeting for 2024 with the crypto regulation aligning with G20 recommendations and addressing the risks linked with crypto assets.

According to the governor, the World Bank and the International Monetary Fund (IMF) provided technical assistance in the development of the framework with a clear aim to balance crypto innovation and a well-regulated financial environment.

“We want to regulate the use of crypto-assets without hindering the innovation that may arise from this ecosystem. We engaged all relevant parties to create this framework. This approach ensures effective adoption and minimizes uncertainties.” Jouahri said.

Morocco hopes to establish itself as one of the first developing nations to provide complete and clear legislation for crypto assets by putting this legal framework into effect.

This program equips the nation to handle the financial and economic difficulties posed by the digitalization of monetary systems. The adoption of the legislative text involves a period of public consultation, followed by parliamentary and cabinet approval.

In 2023, Morocco ranked 13th out of 20 nations with the biggest bitcoin usage, according to a survey by Insider Monkey while a Chainalysis global crypto adoption report in the same year ranked the North African nation 20th in crypto adoption.

@ Newshounds News™

Source:  Bitcoin News

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NIGERIAN SEC TIGHTENS CRYPTO MARKETING RULES

The SEC’s new rules on digital asset promotions aim to “curb the menace” of social media influencers promoting unregulated crypto products.

The Nigerian Securities and Exchange Commission (SEC) has updated its crypto rules, adding requirements on crypto-related marketing promotions from virtual asset service providers (VASPs) and social media influencers.

In its revised Digital Asset Rules, the SEC said that VASPs engaging third-party service providers to promote their crypto products must “obtain prior approval from the Commission.” The rules also require VASPs to ensure that the third-party provider complies with marketing rules set by the SEC.

The rules apply to any VASP offering services to the country’s residents and are scheduled to come into effect on June 30, 2025.  

New rules to “curb the menace” of Finfluencers

The SEC’s revisions also address the role of social media influencers, or “Finfluencers,” in promoting cryptocurrency products and services.

Crypto influencers must obtain a “no-objection authorization” from the SEC before publishing their digital asset ads. In addition, they must verify whether the company they are promoting is licensed by the SEC.

Finfluencers must also disclose if they received payment to promote the crypto products or services that they are promoting. Failure to comply can result in penalties, such as a minimum fine of 10 million Nigerian naira (about $6,400) or up to three years in jail.

The SEC also noted that they would monitor crypto ads actively to ensure they adhere to the rules. Violations would result in enforcement actions, including sanctions and financial penalties.

The SEC wrote that the new rules aim to “curb the menace and address the growing popularity of financial influencers.” The SEC said it wants to prevent sharing unauthorized financial investment products on social media or any other marketing mediums.

Nigeria plans to start enforcement actions on unregulated VASPs

At present, only two exchanges are regulated in Nigeria. On Aug. 29, the SEC issued its first provisional operating license to the African crypto exchange Quidax Technologies. It has also approved Busha Digital to operate in the country. The licenses allow the trading platforms to operate as registered exchanges in Nigeria.

On Sept. 9, the SEC said it plans to start enforcement actions against businesses involved in unregulated crypto transactions. Emomotimi Agama, the director-general of Nigeria’s SEC, said that the agency will take action against entities offering crypto services to Nigerians without the proper permits.

@ Newshounds News™

Source:  CoinTelegraph

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THIS SMALL DOLLAR CHANGED 1000 LIVES ON CHRISTMAS FRIDAY!  |  Youtube

Help us Help others in the community have a better Christmas with just a dollar.  Link

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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13 Habits of Highly Effective Risk-Takers

13 Habits of Highly Effective Risk-Takers

By Nate Silver   GEAR Newsletter   DEC 19, 2024 4:00 AM

From poker players to venture capitalists, there’s a mindset to making the most of opportunities, and engineering the odds of success.

I played poker professionally before I ever wrote about politics or built an election model. What really fascinates me about gambling is the mindset that drives this behavior—a way of thinking that unites a cohort I call “the River.”

The River is a sprawling ecosystem of like-minded people that includes everyone from low-stakes poker pros to crypto kings and VC billionaires.

 It is a way of thinking—analytical, abstract, competitive, contrarian—and a mode of life. Most “Riverians” aren’t rich and powerful, but rich and powerful people are disproportionately likely to be Riverians.

I call the following the “13 Habits of Highly Effective Risk-Takers.” The quantitative risk-takers of the River and those who take physical risks—astronauts, deep-sea explorers, NFL players—have these traits in common. Based on my research, I hold the view that there is something hardwired in people who seek out risk and wrangle it successfully. How many do you share with them?

Successful Risk-Takers Are Cool Under Pressure

Being calm when other people lose their shit is a rare quality—and one that’s essential for a winning gambler. It doesn’t matter how well you execute in everyday situations—you’ll never reach the top of your craft if you choke when the pressure is on.

They Have Courage

In poker and sports betting, the vast majority of players lose money. To be at the very top requires a careful balance. Overconfidence can be deadly in gambling, but playing poker against the best is not for the faint of heart.

They Have Strategic Empathy

They put themselves in their opponent’s shoes—but don’t mistake this for the touchy-feely kind of empathy. In psychological studies, there’s a negative correlation between systematic thinking—what Riverians are skilled at—and empathetic behavior. Strategic empathy comes up a lot in poker—which is very much both a mathematical game and a people game.

They Are Process Oriented, Not Results Oriented

They play the long game. “Don’t be results oriented” is a mantra ingrained in many poker players. Yes, in the long run, results are what count, but one good thing about the River is that our compensation ultimately depends on objective measures.

TO READ MORE: LINK

News, Rumors and Opinions Friday AM 12-20-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 20 Dec. 2024

Compiled Fri. 20 Dec. 2024 12:01 am EST by Judy Byington

Judy Note: Members of Congress tried to pass another out of control debt and spending stopgap funding bill that used an already fiat US Dollar – but Elon Musk alone (allegedly) killed the 1,500 page bill where they demanded huge raises and provisions so Congress couldn’t be investigated. KiLL BILL: Elon Musk Singlehandedly Defeats 1,547 Spending Bill? | WLT Report

Then Trump took 24 hours to reduce the 1,500 page bill to just over 100 pages, but it still didn’t pass Congress and because it didn’t, the Government will shut down when their funding expires as the clock strikes 12:01 am on Sat. 21 Dec. 2024. https://www.nbcwashington.com/news/local/congress-has-to-pass-another-stopgap-funding-bill-what-happens-in-a-shutdown/3784733/

So, now we have the US Inc. government shutting down because Congress didn’t pass a budget for this past year. And, Congress wouldn’t pass a budget because they were(allegedly)  afraid of a US citizenship who were mad at a 1,500 page stop gap funding extension bill that contained certain provisions.

Those provisions not only protected Congress people from being held accountable for their actions, but those same Congress people were giving themselves huge raises at a time when the fiat dollar wasn’t being accepted for foreign trade, Americans couldn’t afford gas, put food on the table and were losing their jobs and homes.

All because Congress had functioned on a fiat US Dollar since 2008 and hadn’t functioned on a budget since US Inc. was formed way back in 1918. I mean, you gotta be responsible for yourself at some point, don’t you Congress?

What’s interesting was the timing to close the broke US Inc. government. As of tomorrow the privately owned US Inc. government would (allegedly) have no money to function on at the same time the new US Restored Republic Treasury was (allegedly) entering their new gold/asset-backed US Treasury Notes into the Global Financial System and therefore burying the US Inc.’s worthless fiat US Dollar.

In other words, why pass a budget on a fiat dollar that would(allegedly)  no longer exist?

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Possible Timing:

As of Sat. 14 Dec. 2024 Debt Forgiveness & Wealth Redistribution (allegedly) Began: millions worldwide reported canceled mortgages, student loans, and credit card debts. Official encrypted messages confirm this is just the beginning.

Sun. 15 Dec. 2024: The (allegedly) beginning of the new Restored Republic Fiscal Year.

Mon. 16 Dec. 2024: Banks began(allegedly)  changing over to the new financial system as the Global Currency Reset rolled out.

Tues. 17 Dec. 2024: XRP, RLUSD, Iraqi Dinar went public. Redemption Centers became fully operational(allegedly). Banking Systems were beginning to(allegedly)  process the new gold/ asset-backed US Treasury Note (USTN).

Wed. 18 Dec. 2024: Beginning of Global Financial Collapse. …G***o TV on Telegram Tues. 3 Dec. 2024

Thurs. 26 Dec. 2024: Announcement of the Global Restoration Plan. Every citizen will(allegedly)  receive information about the new economic and legal structures. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024

Mon. 30 Dec. 2024: Final stages of the transition to the new financial system (allegedly) completed. People will begin to access their revalued currencies and debt relief programs(allegedly). …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024

By Tues. 31 Dec. 2024, Redemption Centers will be (allegedly) open to the general public.

Wed. 1 Jan. 2025: Basil 4 compliance deadline January 2025 – all banks have to (allegedly) prove the money they have in their vault is backed by gold. A new era of Freedom and Prosperity officially begins. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024

Wed. 1 Jan. 2025: The R&R payments and Social Security increases will(allegedly)  begin.

Fri. 3 Jan. 2025: Global Unity announced as former Alliances restructure. Leaders will present plans for long term peace and cooperation across nations. …Nesara/Gesara on Telegram 5 Dec. 2024

Sun. 5 Jan. 2025: (allegedly) Release of advanced technologies previously suppressed. Free energy devices, healing technologies and environmental restoration tools will be (allegedly) made available to the public. …Nesara/Gesara on Telegram 5 Dec. 2024

Mon. 6 Jan. 2025: The Quantum Financial System (QFS) will officially be activated Worldwide(allegedly). This secure, transparent and decentralized system will replace the old banking structure, ensuring fairness and equality for all …Nesara/Gesara on Telegram 5 Dec. 2024

End of March 2025: The US Fiat Dollar will be (allegedly) phased out, no longer worth anything.

Read full post here:  https://dinarchronicles.com/2024/12/20/restored-republic-via-a-gcr-update-as-of-december-20-2024/

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

PompeyPeter  Constitutionally Iraq has to open its budget before the start of next year.  In other words, this year they got to open its budget.  That is part of the constitutional law of Iraq.  Failure to do so is big, big trouble.  They will be coming after those responsible...Iraq has changed in the sense that there's a will to get this done.  That is a huge difference...The winds have changed in Iraq have come about and they want to get this done.  Sudani is a man of his word.  He told the people this would be done this year.

Fnu Lnu  You WILL NOT have to go to Egypt, Syria, or Turkey to do your exchange. A large number of banks will be more than happy to help you with your exchange. They will be charging a nominal fee of 1% to 2%. I have it on reputable information that Wells Fargo and JPM Chase will spearhead this event. You can also go to a Currency Exchange... You may also use an off-premises exchange location commonly referred to as a Redemption Center. These are also banks who will have specialized offices with security guards and De La rue machines to validate and verify your currency and make the appropriate deposit in your own bank account or you may open an account at their bank. If you take this advice, you will exchange your Dinar effortlessly...

"2025 Could Be The Last Year For GOLD Under $3000" - Alan Hibbard

Mike Maloney:  12-20-2024

Gold and silver have taken center stage in 2024, with prices skyrocketing and demand hitting unprecedented levels. In this insightful discussion, Alan Hibbard of GoldSilver.com and Kurt Nelson of SummerHaven Investment Management share why 2025 might be a pivotal year for precious metals.

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

MilitiaMan & Crew-Iraq Dinar News-CBI adds New International Currency- Official Price-Foreign Transfers Enhanced

MilitiaMan & Crew-Iraq Dinar News-CBI adds New International Currency- Official Price-Foreign Transfers Enhanced

12-19-2024

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=Qzpf5-PpMf4

Seeds of Wisdom RV and Economic Updates Thursday Evening 12-19-24

Good Evening Dinar Recaps,

BIS CONSULTATIVE GROUP PROPOSES RETAIL CBDC ARCHITECTURE

According to a BIS report, Jamaica, Nigeria, China, Sweden, the Bahamas and Peru have CBDC programs in various stages of development.

The Bank for International Settlements (BIS) Consultative Group on Innovation and the Digital Economy has proposed a retail central bank digital currency (CBDC) architecture based on a hybrid approach where issuance and governance of the CBDC are handled by a country’s central bank while commercial banks provide consumer-facing services.

According to the BIS, the proposed CBDC framework takes a modular approach to design and will focus on a token-based model to promote privacy.

However, the CBDC architecture will also support account-based models where users have specific accounts tied to an entity. The authors of the proposal wrote:

“Privacy can be guaranteed by separating transaction from identity information, such that the latter remains with private intermediaries and users. This helps to reduce risks and ensure greater privacy protections than in other models.”

Despite promises of privacy, CBDCs are widely seen as the antithesis of permissionless finance, with lawmakers, individuals and even central banks raising concerns about systemic risks, privacy and viability.

CBDCs face widespread backlash

In September, the Bank of Canada backtracked its CBDC development after receiving public feedback indicating that Canadians had little interest in using a central bank digital currency.

In the United States, attorney John Deaton, known in the crypto community for representing XRP holders in the Securities and Exchange Commission lawsuit, vowed to fight against CBDCs.

The lawyer called the campaign against CBDCs “a hill to die on” and said the dangers of a centrally managed digital ledger to individual liberty were a major cause of concern.

A bill introduced by Missouri lawmaker Rick Brattin on Dec. 1 seeks to ban CBDCs in the state. Provisions in the bill would prohibit businesses from accepting CBDCs for payment and prevent any CBDC research or development.

European Parliament member Sarah Knafo recently called on the European Union to abandon CBDCs and adopt Bitcoin.

The European MP said the digital euro was an attempt to usher in totalitarianism and encouraged the European Union to establish a Bitcoin strategic reserve as other nation-states continue accruing the digital currency.

@ Newshounds News™

Source:  CoinTelegraph

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BINANCE.US TO RESUME USD SERVICES IN EARLY 2025 ANTICIPATING FAVORABLE REGULATIONS

In a latest development, Binance. US plans to resume USD services in early 2025, anticipating changes in U.S. crypto regulations. The exchange halted fiat operations in 2023 due to regulatory pressure and SEC claims.

Interim CEO Norman Reed noted on Wednesday that the current SEC administration has caused significant harm to American consumers and the crypto industry, including Binance.US.

SEC’s Regulatory Assault

In June 2023, the SEC accused the subsidiary of violating securities laws. It alleged the company offered unregistered investment products and engaged in anti-fraud practices. The platform has operated under restricted banking access since June 2023, when SEC civil claims triggered a suspension of dollar deposits and withdrawals.

He noted that a key part of this regulatory assault was a concerted initiative by the outgoing administration to unjustly deny cryptocurrency and fintech businesses access to banking services. Reed argues that the SEC’s resistance to innovation has hindered the U.S. financial system’s potential and blocked most Americans from accessing the benefits of blockchain technology.

Going Ahead With Optimism

Despite ongoing legal battles with the SEC, he is optimistic, emphasizing that the SEC has failed to provide evidence of any wrongdoing after 17 months of compliance. Looking forward, with Paul Atkin’s nomination as the next SEC Chair, he foresees a clear regulatory framework for digital assets in the U.S.

As USD services prepare for a return, Binance.US plans to launch new features in the coming months and expand its product lineup.

“While I can’t provide a definitive launch date yet, let me be clear: It is not a matter of if, but when,” interim CEO Norman Reed said in the statement. “We are closer than ever to restoring USD services and our plan is to achieve this important milestone in early 2025,” he added.

He underscored that the platform offers unique features, including 0% fee Bitcoin trading on BTC/USDC, which no other major U.S. crypto platform provides. It also supports 160 cryptocurrencies and staking for over 20 assets, offering more options than any other major on-chain staking platform in the U.S.

He strongly believes that 2025 will be a breakout year for Binance.US, with the teams working hard at building a comeback story for the ages.

@ Newshounds News™

Source:  CoinPedia

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🌱SOVEREIGN VS CITIZEN #CONSTITUTION #SOVEREIGNTY   |  Youtube

Mason speaks about Sovereign vs Citizen.

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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How Homebuyers Can Stay Safe In 2025

How Homebuyers Can Stay Safe In 2025

Danielle Antosz  Wed, December 18, 2024  Moneywise

West Virginia couple loses $255K, life savings in real estate scam — how homebuyers can stay safe in 2025

After months of house-hunting, Raegan Bartlo and her husband finally found their dream home in a small West Virginia community just a few hours from Washington, D.C.

But that dream became a nightmare as a few days before the closing, Bartlo received an email she thought was from her title company. The email provided instructions on how to wire the money for closing. She wired the $255,000 down payment as per the email’s directions, ABC 7 reported.

On closing day, she received another email saying her closing time had been moved. When she called her realtor to ask about the change, she received devastating news. The first email wasn't from her title company — and that $255,000 down payment was now gone.

"At that point, my whole world fell apart because I had already wired all of the down payment money for our house,” Bartlo told ABC 7 News. “And that was about $255,000. And so our nest egg, our savings, everything at that moment was gone."

Wiring fraud is becoming an increasing issue

Bartlo was a victim of real estate wiring fraud. This happens when scammers gain access to the email of a title company, mortgage company or realtor. They can see you're due to send a large payment, so they email you to provide wiring instructions. However, those funds go to the scammer's account.

“I just remember shaking a lot and not being able to think straight. To feel like everything you had saved for to be able to have financial stability was just taken,” Bartlo shared with ABC 7. “And what if I didn't have a house? My mother lives with us. Where was she going to go? What were we going to do?”

It's a story that Tom Cronkright, founder of CertifiED, a company that helps prevent wire fraud, said he hears every day. He started his company in 2015 after he lost $180,000 to a wire fraud scam.

“I see it happen daily, if not multiple times a day," he told ABC 7. "The reality of it is these are some of the most sophisticated bad actors that have invested hundreds of millions of dollars into their own tradecraft.”

According to Cronkright, huge, global crime syndicates and cartels are often behind these scams. They hack into banks, real estate companies and law firms to gain information they can use to impersonate a trusted company or person. With that information in hand, they're able to send realistic-looking emails that consumers often don't question.

“The email, that includes the payment request with wiring instructions, isn’t coming out of the blue, it's tacked on to a thread of emails that they've been having for two, three, four weeks,” said Cronkright. “And now they're just saying, ‘Well, instead of bringing a check tomorrow for closing, we need you to send a wire, and here's why’."

Cronkright estimates losses to wiring fraud are close to $5 billion a year. His company has partnered with federal law enforcement to help educate consumers and businesses about the signs of wire fraud scams. But getting the money back is often unsuccessful. To protect themselves, consumers need to know how to spot the signs of wire fraud.

How to protect yourself from real estate wire fraud

TO READ MORE:   https://www.yahoo.com/finance/news/west-virginia-couple-loses-255k-114100120.html

FRANK26….12-19-24…..SHOCK AND AWE

KTFA

Thursday Night Conference Call

FRANK26….12-19-24…..SHOCK AND AWE

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

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

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

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

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

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

More News, Rumors and Opinions Thursday PM 12-19-2024

KTFA:

Clare:  Al-Sudani: Iraq has become a reliable pivotal state in the region and the world

 12/18/2024   Baghdad-

The Council of Ministers, Mohammed Shia Al-Sudani, said that Iraq has become a reliable pivotal state in the region and the world, and pointed out that the religious authority emphasized the "6 principles", and we are required to work hard to implement them.

​Al-Sudani said during a televised interview with state television, which will be broadcast later, that "Iraq today is a reliable pivotal state in the region and the world."

He added, "We have good relations with our Arab, international and regional surroundings."

He pointed out that "the religious authority emphasized the '6 principles', and we are required to work hard to implement them."   LINK

Clare:  Central Bank of Iraq expands foreign transfers with new currencies

December 19, 2024

 The Central Bank of Iraq announced the expansion of foreign transfer channels for local banks to include new currencies: the Jordanian dinar and the Saudi riyal, and allowing Iraqi banks to finance trade with Turkey in euros after it was previously limited to using them with European Union countries,

In addition to transfers available in US dollars, Emirati dirhams, Chinese yuan and Indian rupees.
The bank explained that this step comes within its efforts to expand foreign trade financing options in various currencies and channels, and the bank has begun taking the necessary measures to meet banks' requests in these currencies.

The Central Bank indicated that this expansion in foreign transfer channels provides transfer operations at the official price, and aims to streamline transfers and involve a greater number of banks in foreign transfer operations, and expand the horizons of economic cooperation between Iraq and other countries, especially in light of the bank's efforts to find other channels to meet the volume of demand for various foreign currencies according to Iraq's dealings with those countries.

It is worth noting that a smooth transition took place during 2024 from the electronic platform to directly accredited correspondent banks, thus the Central Bank achieved a fundamental transformation in line with international banking practices, and this transition is widely praised.

 Central Bank of Iraq
Media Office
December 19, 2024

https://cbi.iq/news/view/2741

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Clare:  What are the objectives of expanding foreign transfer channels by the Central Bank of Iraq?

12/19/2024   Baghdad

Economic expert Alaa Al-Fahd revealed today, Thursday (December 19, 2024), the Central Bank of Iraq’s goal of expanding external transfer channels for local banks.

Al-Fahd said in an interview with Baghdad Today, "Within the Central Bank's policy and its continuous attempts to control foreign transfers to finance trade, especially in dollars, there is a continuous effort to expand the basket of foreign currencies used in imports, especially with countries with which we have import dealings, the transfer is in the currencies of the countries, and there was an agreement on this with the Turkish side, as well as the Emirates, China, and today with Jordan and Saudi Arabia."

He explained that "this step reduces the demand for the dollar to finance foreign trade, as most of the demand for the dollar is to finance foreign trade, and with the expansion of the currency basket, the pressure in the parallel (black) market on the dollar decreases, and this reduces the exchange rate in the local market."

He added, "This step will also allow many banks to deal with many countries according to the currencies of those countries, and this will enhance a major role in developing the work of banks in terms of experience, and its main goal is to control the dollar exchange rate and work to reduce it." LINK

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

Mnt Goat   a HUGE change or transformation has occurred...a transformation of Iraq like no other they have ever experienced. It has come on the heels of being released from Chapter VII. ...I am in close contact with the CBI committee that is responsible for rolling out the Project to Delete the Zeros. I get weekly statuses that are telling us that Iraq is only moving ahead and not backwards. I am told it won’t be long.

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:
Mr Sammy says when the auctions close we will be using the lower notes because they will be needed with added value.  It will have to be out by then.  So we wait for the end of the auctions.  FRANK:  It boils down to one thing.  In order for you to get those lower notes is for the auctions to close...Mr. Sammy your boss is obligated to raise the value of your currency.

EDGE OF A POTENTIAL FINANCIAL SYSTEM TOTAL MELTDOWN. (CRITICAL UPDATES).

Greg Mannarino:  12-19-2024

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

Unraveling Powell's Latest Political Inflation Flip-Flop

Arcadia Economics:  12-19-2024

The Fed's latest meeting came and went yesterday, and they delivered their paradoxical 'Hawkish Cut' as expected by the markets.

 However as you already well know, there's a lot that can be gleaned from reading in between the lines of what the Fed does and doesn't say, and in this morning's show Vince Lanci unravels Powell's latest political inflation flip-flop.

https://www.youtube.com/watch?v=x9OoUpEUroQ

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 12-19-24

Good Afternoon Dinar Recaps,

BRICS CREATOR SAYS INDIA WILL BE 3RD LARGEST GLOBAL ECONOMY & KEY MEMBER

Things have changed dramatically for the BRICS bloc since the acronym was first coined in 2001. Over the last two years, it has become a key voice in the geopolitical and global economic sectors. Now, BRICS Creator Jim O’Neill has recently expressed his view on its trajectory, while noting that India is poised to soon be the third-largest global economy and a key alliance member.

In a recent interview with The Economic Times, the economist discussed the growth rate of the country. Specifically, he noted that India is “doing almost exactly what we thought over 20 years ago, and that is in the process of becoming bigger than Japan and Germany” and becoming a global force.

India Poised to be BRICS Leader? Jim O’Neill Discusses Shifting Power Balance

The last two years have seen the BRICS economic alliance notably increase in prominence. A massive reason for that has been its seeking of increased independence from a Western-dominated economic system. With de-dollarization being the focus, it has sought to increase the use of its own local currencies.

But that recent surge in prominence has overlooked the reality that the bloc has been in existence for more than 20 years. Moreover, it has continued to shift and change throughout that time. Now, the latest shift could be upon us. Indeed, BRICS creator Jim O’Neill has recently said India may well be on its way to being the third-largest global economy and a key BRICS member.

In a recent interview, O’Neill says India could be on its way to entering the top 3 “in the next five to ten years.” Moreover, he notes that the BRICS country is presented with a key opportunity in the near term.

“This is India’s chance to really demonstrate its ubiquity with some of the natural things in India’s favor.” Specifically, he noted that it is among the younger nations within the bloc. That is not the case for China, one of the key economies in the bloc. Moreover, it should lead to an increased labor force, while they should be able to thrive in a world shifting under a Trump-run America.

Interestingly, India’s relatively low global trade could help them as Trump returns to the White House, O’Neill notes. Tariff plans would not be as big a threat to the nation in the coming years. Meanwhile, the economist notes that Modi and India have been sought out by G7 and BRICS nations. They want India as an ally, and it is due to its strong growth prospects in the coming years.

@ Newshounds News™

Source:  Watcher Guru

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HONG KONG APPROVES 4 NEW CRYPTO TRADING PLATFORM LICENSES IN REGULATORY PUSH

The licensed platforms must meet rigorous standards and undergo evaluations to ensure compliance with global security practices.

Hong Kong’s Securities and Futures Commission (SFC) has issued licenses to four virtual asset trading platforms (VATPs), marking another step in its fast-tracked regulatory framework, according to a Dec. 18 statement.

The licensed platforms include:  Accumulus GBA Technology Ltd, DFX Labs Company Ltd, Hong Kong Digital Asset EX Limited, and Thousand Whales Technology (BVI) Ltd.

This brings the total number of licensed crypto trading platforms in the Asian city allowed to serve retail customers to seven, including HashKey Group, OSL, and the Hong Kong Virtual Asset Exchange (HKVAX).

Licensing regimes

The SFC stated that the recently licensed firms underwent rigorous on-site inspections earlier this year as part of the guidelines introduced in June. The inspections identified areas for improvement, which the firms addressed to secure their restricted licenses.

The licenses come with initial restrictions, but these will be lifted after the platforms pass a second-phase assessment by external evaluators. The process will ensure the platforms meet the required regulatory standards for full operational functionality.

The SFC emphasized that the VATPs must conduct vulnerability assessments and penetration tests through independent third parties. These evaluations are critical to maintaining security and align with global international standards.

The SFC’s Executive Director of Intermediaries, Eric Yip, stated that the licensing process involved close collaboration with the VATPs’ leadership teams. He highlighted the Commission’s dual focus on protecting investors while fostering growth in Hong Kong’s virtual asset ecosystem.

Yip said:

“We aim to strike a balance between safeguarding the interests of investors and facilitating continuous development for the virtual asset ecosystem in Hong Kong.”

Meanwhile, this development aligns with the SFC’s broader plan to expand the licensing of crypto businesses by year-end. In October, the regulator revealed that 11 additional VATPs are under license consideration, with approvals expected to roll out in batches.

The SFC’s proactive approach highlights Hong Kong’s commitment to becoming a global hub for virtual asset innovation while maintaining robust investor safeguards.

@ Newshounds News™

Source:  CryptoSlate

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News on Crypto Regulations for the US!  Bullish news for Utility Crypto!

Rich (CSC) announces that in early January, Congress will be passing crypto regulations soon after returning from break on January 3rd.  This will be followed by mass adoption of the utility ISO 20022 coins we have been talking about which will lead to the new financial system followed by the RV.  But we still have a while for all this to happen.  It just looks like it is all coming together a little sooner with regulations being addressed before the inauguration of Trump.  All good news.  

@ Newshounds News™

Source:  Common Sense Crypto

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OHIO JOINS GROWING TREND OF STATES CONSIDERING BITCOIN RESERVES

@ Newshounds News™

Source:  The Defiant

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FOREX TRADING: THE TAX SECRETS THEY WON'T TELL YOU  |  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