Seeds of Wisdom RV and Economic Updates Saturday Morning 12-21-24

Good Morning Dinar Recaps,

SEC APPROVES FIRST-EVER BITCOIN & ETHEREUM COMBO ETFS

▪️These new ETFs are unique because they combine Bitcoin and Ethereum, offering investors diversified exposure to the two largest cryptos.

▪️By simplifying the investment process and reducing the perceived risks, these ETFs aim to make crypto investing more accessible.

▪️The SEC's approval of these ETFs signifies a significant step forward for the crypto industry.

The U.S. Securities and Exchange Commission (SEC) has just made a groundbreaking move in the crypto world. It has approved two new exchange-traded funds (ETFs)—the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF—and they are unlike anything we’ve seen before.

These ETFs combine the power of both Bitcoin and Ethereum into a single investment, making it easier for everyday investors to tap into the world of digital currencies.

But what makes these ETFs so special, and why is the SEC’s approval a big deal? Let’s understand.

What Makes These ETFs Different?

While crypto ETFs are already on the market, these two stand out. Instead of focusing just on Bitcoin or Ethereum, they mix both. The share of each cryptocurrency is based on its market value, giving investors a balanced exposure to both.

Why is this important? Putting all your money into one cryptocurrency can feel risky, especially with how volatile the market can be. By holding both Bitcoin and Ethereum, these ETFs help spread out the risk and let investors take advantage of the strengths of each cryptocurrency.

A Simpler Way to Get Into Crypto

For many, buying Bitcoin or Ethereum directly can be intimidating. These ETFs make it easier by taking away the need to manage wallets or store digital assets on your own. This makes crypto investments more accessible, particularly for people who are new to the space or don’t want the hassle of managing their own assets.

A Major Milestone for Crypto Regulation

The SEC’s approval of these ETFs is a big moment, not only for the crypto industry but for regulators too. It shows that the SEC is taking the market more seriously and is open to more crypto-based financial products.

So, why were these ETFs approved? A key reason is the strong connection between Bitcoin and Ethereum futures and their spot prices. This link helps keep prices stable and reduces the chances of market manipulation, which is important for investors looking for safer options.

Setting Strict Standards for Investors

Both funds have agreements with the Chicago Mercantile Exchange (CME) to closely track trading activity, ensuring everything stays above board. The SEC’s approval shows that these ETFs meet high standards for security and transparency, giving investors more confidence.

What’s Next for Crypto ETFs?

The approval of these ETFs could open the door to even more creative investment options in the future. By combining Bitcoin and Ethereum, these ETFs offer a streamlined way to enter the crypto market. They take away the complexities of buying, storing, and managing digital assets, making it easier for people to get involved.

Looking ahead, there’s a possibility that other cryptocurrencies could be added to similar ETFs, expanding the market even further. But for now, these Bitcoin-Ethereum combos are a significant step forward.

If you’ve been waiting for an easier way to get into crypto without all the complications, these ETFs might be exactly what you’ve been looking for.

FAQs

How do the new crypto ETFs differ from others?
These ETFs blend Bitcoin and Ethereum, offering balanced exposure to both, reducing risk compared to investing in a single cryptocurrency.

Are these crypto ETFs safe for new investors?
Yes, these ETFs are designed to be safer by tracking Bitcoin and Ethereum futures, offering simpler, less risky exposure to crypto investments.

@ Newshounds News™

Source:  CoinPedia

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GERMANY FINALLY PASSES LEGISLATION NEEDED FOR FULL CRYPTO MICAR IMPLEMENTATION

A month ago we wrote that the collapse of the German government coalition was creating problems with implementing the EU’s cryptocurrency regulation MiCA, because it had failed to pass legislation. 

However, on Wednesday the German parliament (Bundestag) finally passed the bill, the Digitalization of Financial Markets Act (Finanzmarktdigitalisierungsgesetz of FinmadiG). Apparently, it was added to the agenda at short notice. Parliament responded to industry requests to ensure the legislation was in place before MiCAR comes fully into force on December 30.

FinmadiG isn’t only about crypto and MiCAR as it also impacts other EU laws such as DORA and the Transfer of Funds Regulation. However, for MiCAR it introduced the Supervision of Crypto Markets Act (KMAG), the piece of legislation that supplants Germany’s old crypto rules with MiCAR.

Technically MiCAR is a regulation, so it does not require local laws. However, legislation was required to designate BaFin as the regulator. Without that, BaFin could not award licenses. That would have allowed EU firms with crypto licenses from other countries to operate in Germany, but German firms would not have been able to operate in the EU.

Additionally, MiCAR has grandfathering clauses allowing firms with existing licenses to continue to operate for up to 18 months, with each jurisdiction deciding on the transition period. The new German legislation specifies a year.

Different EU MiCAR transition periods

However, this week the European regulator ESMA noted that the varying transition periods mean crypto asset service providers (CASPs) need to get new authorizations under MiCAR sooner rather than later. 

For example, if a German CASP doesn’t have a new license by July 2025, they cannot operate in EU countries that have imposed a six month transition period. That includes Latvia, Hungary, Netherlands, Poland, Slovenia and Finland. Lithuania’s transition is five months, and four jurisdictions had not specified the timing when ESMA published its note.

We believe ESMA may have been responding to a letter from the Electronic Money Association (EMA) and three EU crypto trade bodies. They highlighted that the latest regulatory technical standards for licensing were only endorsed by the European Commission at the end of October. That doesn’t give national authorities much time to adopt them or for CASPs to apply.

@ Newshounds News™

Source:  Ledger Insights

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Argentina Vs. USA – A Prescription For Curation

Argentina Vs. USA – A Prescription For Curation

The Final Wake-Up Call By Peter B Meyer December 20, 2024

The Wrong Medicine

The doctors were called, the patient was very sick, but not life-threatening. They unanimously diagnosed too much debt as the cause of the illness and described restructuring instead of reviving his bloodstream economy.

 Then came Father Peron, who didn’t believe the doctors. So he called in his own team of specialists, and their diagnosis was that only a strong blood infusion of fiat money would be the best remedy for a quick recovery and revival of this patient.

These specialists, against the opinion of a minority of well-trained, logical doctors, caused the wrong medicine to be prescribed and administered to the patient, named Peso.

 The infusion of taxpayers’ money poured trillions of pesos into the system of the already haemorrhaging patient, guaranteeing its salvation and avoiding the collapse of its payment system, which would otherwise have caused a depression, as was seriously considered.

 Argentina Was Once One Of The Richest Countries In The World.

Back in time, as the 1800s drew to a close and the world moved into the 20th century full of innovation and optimism, there was perhaps nowhere on the planet, apart from the United States, more admired and envied than Argentina.

Indeed, like America in the late 1800s and early 1900s, Argentina was teeming with immigrants from all over the world seeking a better life in this land of opportunity.

Argentina was already a rich country. And it was getting richer so fast that its economic growth even outstripped that of the United States.

 By 1900, Argentina’s economy was bigger than the rest of Latin America put together, and about the size of all of Western Europe put together. There seemed to be nowhere to go but up.

 It was also rich in natural resources, from fresh water to some of the world’s most fertile soil and vast oil and gas reserves. Argentina should have been unstoppable. It still is;

 Argentina has one of the largest shale reserves in the world and has quadrupled its production in the last five years.

 You’d have to work really, really hard to screw up that kind of wealth potential. And they did!

 Stupid Centralization

For much of the 20th century, Argentina slipped into severe economic decline and remained so for decades, largely due to corrupt, excessive, outrageously irresponsible government spending and idiotic central planning.

Hyperinflation set in, the banking system collapsed and the economy was mired in a prolonged depression.

First budget surplus since the golden years of the early 1900s

When the new chainsaw-wielding president, Javier Milei, took power last year, he promised to change everything. And so far, the results are hard to argue with.

 This year, Milei announced that Argentina had just run a budget surplus – its FIRST surplus since the golden years of the early 1900s.

 That’s no accident. Milei has abolished entire government departments, fired ministers and drastically reduced the size and scope of government.

 In his announcement, Milei didn’t hold back, calling his predecessors “fiscal degenerates” for ballooning the national debt and running massive deficits. These deficits, of course, were largely financed by the Argentine central bank, which printed all the money and created inflation.

 Milei said that just last year his predecessor printed enough money to equal about 13% of Argentina’s GDP. Well, if printing 13% of GDP qualifies as fiscal degeneracy, then the Federal Reserve in the United States is guilty of the same thing, but TWICE.

The first time was in 2009, during the global financial crisis. Under then chairman Ben Bernanke, the Federal Reserve created trillions of dollars of new money, about 15% of GDP, to bail out the big Wall Street banks.

 The second time was during the pandemic in 2020 and 2021, when the Fed printed around 14% of GDP.

 This reckless money printing has not only caused historic inflation in the US, but has also created enormous problems for the Federal Reserve itself. The Fed is now wildly and hopelessly insolvent.

 And this isn’t some wild conspiracy theory; it’s a fact straight from its own financial statements.

Here’s how it happened

Going back to 2008, and especially during the 2020-2021 pandemic, the Fed created trillions of dollars and then used that money to buy government bonds. At the same time, it cut interest rates to zero. The net result was that the Fed now holds trillions of dollars of bonds at the lowest yields in history.

But then, in 2022, they suddenly reversed course and rapidly raised interest rates from 0% to more than 5%.

Well, if there’s one thing you need to understand about bonds, it’s that higher interest rates cause bond prices to fall. So when the Fed raised rates, it also caused the value of its bond portfolio to plummet. And “plummet” is a rather polite way of putting it.

As it stands today, the Fed faces net unrealised losses of $818.4 billion on all the bonds it bought during the pandemic, far more than the mere $44 billion it has in equity.

According to its own financial statements, the Federal Reserve is literally insolvent.

In fact, at nearly $1 trillion, the Fed is the most insolvent bank in the history of the world.

Talk about fiscal degeneration

Now the Fed has only a few options:

One, ignore the problem. Continue to pretend that the insolvency of the world’s largest and most systemically important central bank is no big deal.

Two, Ask For A Bailout: Go To The Treasury, Hat In Hand.

The problem is that the Treasury doesn’t have any money; in fact, the US government is already overspending by $2 trillion a year and has to borrow most of that money from the Fed.

So a bailout would require the Fed to print money, lend it to the Treasury, and then the Treasury would lend it back to the Fed. Talk about bizarre.

The Third Way Is To Lower Interest Rates

Lower rates mean that the value of the Fed’s bond portfolio will rise, reducing the Fed’s near-trillion-dollar insolvency. But lowering rates would only invite more inflation.

Inflation is already creeping back. Just last week, the latest report showed an increase in the inflation rate, with signs that it will continue to rise. Yet the Fed has all but promised to cut rates again next week.

What’s clear is that the Fed is abdicating its responsibility to rein in inflation and maintain a sound currency. Instead, it’s inflating its way out of insolvency. The result?

Every single person who uses US dollars will end up bailing out the Federal Reserve through higher inflation.

And that is why real assets like gold and silver are an excellent inflation hedge, which makes so much sense, especially with so many high quality real asset producers selling at ridiculously low valuations.

All this contrasts with Argentina, where Javier Gerardo Milei has scored a major victory for his country, which has already emerged from a recession brought on by public spending cuts and is now growing at a dramatic 3.9%.

The country’s stock market is up 174% this year. Monthly inflation has fallen from 25% to less than 3%.

First El Salvador, now Argentina: where courageous right-wing leaders do what progressive elites say ‘cannot be done’, where each immediately and dramatically improves their country’s economic finances.

Think about it and draw your own conclusions!

Javier Gerardo Milei (born 22 October 1970) is an Argentine economist and politician. President of Argentina since 2023.

https://en.wikipedia.org/wiki/Javier_Milei

https://finalwakeupcall.info/en/2024/12/20/argentina-vs-usa-a-prescription-for-curation/

News, Rumors and Opinions Saturday AM 12-21-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 21 Dec. 2024

Compiled Sat. 21 Dec. 2024 12:01 am EST by Judy Byington

Global Currency Reset: (RUMORS)

Thurs. 19 Dec. 2024 Bruce, The Big Call: All day Fri., Sat, Sun, Mon and Tues until noon, Redemption Center Staff are scheduled to work. They have Christmas off and go back to work the day after Christmas. In the first ten days of Jan. 2025 R&R, increase of SS, NESARA, GESARA (allegedly) kicks in. We could be notified overnight tonight or Friday morning 20 Dec.

Fri. 20 Dec. 2024 TNT: A guy had 150 million Dinar. 50 million of it (allegedly) brought $28.50/Dinar. The other 100 million Dinar (allegedly) brought him $7.xx. First 50 million Dong (allegedly) got him $12/Dong. The remainder got him (allegedly) $3.50. ZIM paid out 22 cents per million ZIM. For parking a large part of that money with the bank, he received a 5 year/ 25% per year interest rate. (allegedly)

Fri. 20 Dec. 2024 Wolverine: The platforms are closing down right now. It looks like we are crossing the finish line. Have a beautiful, beautiful day. It’s all (allegedly) coming before Christmas.

On Tues. 17 Dec. 2024 Ripple USD Stablecoin (RLUSD) launched, the Iraqi Dinar was (allegedly) being paid out at it’s (allegedly) new revalued rate of just under $8.00 in-country (the international rate has not yet stabilized on the Forex and wouldn’t be until Mon. 23 Dec); Rumors swirled that the Vietnamese Dong has followed suit and XRP went live.

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Fri. 20 Dec. NESARA & QFS Plan: The Process of RV Redemption Started …JFK Jr. on Telegram

Dive into the exclusive insights of the NESARA & QFS Plan. Discover the RV Redemption process, the importance of NDA signatures, and strategic post-redemption planning. Inside the exclusive world of Redemption Centers, this is crucial for those navigating the significant financial reset changes.

Redemption Centers offer significantly higher exchange and redemption rates. Here, you also (allegedly) receive Quantum technology devices like QPhones, QLaptops, as well as access to Quantum Accounts and Rainbow Currency.

Exclusive Redemption Center Benefits: Approved Templates for Humanitarian Initiatives, courtesy of Susan Price and endorsed by Ben Carson. Access to exclusive resources, including the highly sought-after Redemption Guide—freely available and pinned for easy access on my Twitter-X profile.

Understanding the 4 R’s: Reclamation, Restitution/Reparation, and Redemption:

RECLAMATION: Focuses on restoring things to a better state. It’s about taking back what the Deepstate and the corrupt financial systems have stolen from us.

RESTITUTION/REPARATION: Deals with compensating for wrongful losses through financial remunerations, applicable across taxes, loans, and bonds linked to personal documents.

REDEMPTION: Involves exchanging currencies and ZIM Bonds at higher rates for personal and humanitarian use. This process reflects the economic salvation and moral rectification efforts underway.

Eligibility and Potential Payouts:

Groups range from 24 to 60+ years, with lump-sum payouts and structured monthly payments, based on prior agreements and ongoing economic evaluations.

The Redemption Process: Engage directly with Redemption Centers to convert currencies and ZIM Bonds. Complete necessary NDAs to ensure the integrity and confidentiality of the redemption process.

Key Advice: Read and re-read all documents thoroughly to understand your rights and responsibilities throughout this transformative journey.

Conclusion: The RV redemption process is shrouded in secrecy but stands as a beacon of financial reformation. It transcends traditional banking systems, offering a path to financial stability and philanthropic opportunities. Embrace this journey with knowledge and caution, recognizing the pivotal role you play in the broader financial ecosystem.

Read full post here:  https://dinarchronicles.com/2024/12/21/restored-republic-via-a-gcr-update-as-of-december-21-2024/

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

Walkingstick  The IQD is being introduced to its basket members.  These foreign currencies that are coming in through the contracts, some of them, if not most of them, will be playing the part in the float of the Middle East basket.  Why is it that this basket is the next chapter in our study?  Because the CBI auctions are ending on December the 31st of this year and there will be no restrictions on the Iraqi dinar on an international level as it was before ...This is article VIII compliance which allows them to stop the auctions...Once the float increases the international value of the Iraqi dinar it will start to pair to these currencies in this basket and IMO it will quickly rise in value due to the demand that we are seeing right now.

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:
The CBI shut down 49 more companies.  They were those that were the ones who were doing money laundering and that should be the final 5% that they've been talking to us about everyday.  All day we hear from the IMF praising Iraq and even Sudani talking about us being stable and strong.  It's all over here in Iraq.  It looks like this all saying we are about to go international.  FRANK:  That is the key.  That is the next step.  Once we go international you won't need me no more.  You are about to go with a new exchange rate, God willing.

Stocks Plummet Amid Insider Selling | John Rubino

Liberty and Finance:  12-20-2024

John Rubino discusses the current financial and geopolitical landscape, highlighting concerns about stock market overvaluation, rising government debt, and the possibility of a major financial crisis.

He emphasizes that equities are overpriced and signals like corporate insider selling and inflationary pressures indicate an impending market correction.

Rubino warns that escalating global tensions, particularly the proxy war in Ukraine, could lead to catastrophic consequences, including nuclear risk and further economic instability.

He suggests preparing for these challenges by investing in real assets, such as gold, silver, farmland, and energy stocks.

Despite the bleak outlook, Rubino advises maintaining balance and taking breaks from overwhelming news cycles to preserve mental well-being.

INTERVIEW TIMELINE:

0:00 Intro

 1:30 Insiders dumping stocks

 9:57 Crises before Trump's inauguration

 16:00 Monetary crisis

21:30 A new monetary system

24:30 Preparedness

https://www.youtube.com/watch?v=aCYiMsUrQ0g

MilitiaMan & Crew-Iraq Dinar News-Revenues-Fiber Optics-Global Partnerships-Investment Opportunity-Exchange Rates

MilitiaMan & Crew-Iraq Dinar News-Revenues-Fiber Optics-Global Partnerships-Investment Opportunity-Exchange Rates

12-20-2024

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

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

https://www.youtube.com/watch?v=aAtjd4bMI9w

The Fed’s 2% Inflation Target is Dead, are we Headed for a 1929 Collapse?

The Fed’s 2% Inflation Target is Dead, are we Headed for a 1929 Collapse?

Wealthion:  12-19-2024

In a pivotal announcement that has rattled economic expectations, the Federal Reserve has implemented a rate cut, signaling a significant shift in monetary policy.

Following this decision, noted economist E.J. Antoni, PhD, asserts that the Fed’s longstanding 2% inflation target has become an illusion.

In a recent discussion with Wealthion’s Andrew Brill, Antoni presented a sobering analysis of what this means for the economy, investment strategies, and the financial prospects of average Americans.

Despite the Federal Reserve’s projections for a moderation in inflation, the reality is starkly different. According to Antoni, inflation remains stubbornly high and appears to be on an upward trajectory. He describes the inflationary pressures as “sticky,” suggesting that various factors, including supply chain disruptions, labor market constraints, and high consumer demand, are undermining the Fed’s efforts to stabilize prices.

 This persistent inflation challenges the optimistic forecasts that have characterized recent Fed communications.

Antoni elaborates on how the latest round of rate cuts affects various sectors of the economy. For small businesses, lower interest rates may seem beneficial in theory; however, the reality is that such measures can lead to increased borrowing costs over time and create uncertainty in the financial landscape.

Access to capital remains a critical issue for small businesses navigating a volatile economic climate, and this Fed action could exacerbate existing difficulties.

The housing market also faces significant repercussions from these rate cuts. As mortgage rates fluctuate, potential homebuyers remain hesitant, stalling what was already a struggling sector. The combination of reduced rates and persistent inflation has resulted in a stagnant market, making homeownership increasingly elusive for many Americans.

 For those who already own homes, rising inflation can lead to the erosion of purchasing power and increased living costs, further straining household budgets.

Antoni points to a worrying trend regarding the United States dollar, which has lost approximately 20% of its value due to reckless government spending and misguided monetary policies. This depreciation undermines Americans’ purchasing power and signals potential long-term consequences for economic stability. As the dollar weakens, it raises concerns about the viability of the U.S. economy, particularly in global markets where currency strength plays a crucial role.

Looking ahead, Antoni warns that America could face dire economic consequences reminiscent of the early 20th century.

He outlines two potential scenarios that could unfold: a brief but sharp depression akin to the downturn of 1920 or a more prolonged collapse similar to the Great Depression in 1929. Each possibility carries substantial implications for investment strategies and the overall economic health of the nation.

The current economic environment, characterized by inflation, reduced consumer confidence, and uncertainty in monetary policy, poses significant risks. For investors, understanding the macroeconomic landscape becomes vital in navigating potential downturns and identifying opportunities amidst chaos. Strategic adjustments to portfolios may be necessary as individuals seek to shield themselves from incoming economic shocks.

The discussion with Antoni brings to light the hidden costs of the Federal Reserve’s monetary policies and government overspending. While rate cuts may serve as a tool to stimulate the economy, the broader effects often lead to inflationary spirals, eroding wealth and savings for ordinary Americans.

Indeed, the consequences of monetary decisions extend beyond economic indicators, impacting daily lives in tangible ways.

In conclusion, E.J. Antoni’s insights underscore the complexity of the current economic climate, particularly post-rate cut. The challenges of inflation, the vulnerabilities of small businesses, the faltering housing market, and a depreciating dollar reveal the precarious balance that the Federal Reserve is attempting to maintain.

As individuals and investors brace for what lies ahead, awareness and strategic foresight will be essential in navigating this turbulent economic landscape.

https://youtu.be/zoUd6WOjzkI

Iraq Economic News And Points To Ponder Friday AM 12-20-24

The Central Bank Of Iraq Challenges The Dollar With New Currencies!
 
December 19, 2024 Last updated: December 19, 2024   Independent/- In a new step that reflects its approach to strengthening Iraq’s role in the global economy, the  Central Bank of Iraq announced the expansion of external transfer channels for local banks to include new currencies.
 
According to the statement issued today, the Jordanian dinar and the Saudi riyal were added to the list of permitted currencies, in addition to allowing the use of the euro to finance trade with Türkiye after it was limited to European Union countries.

This step comes in addition to currencies previously used, such as the US dollar, UAE dirham, Chinese yuan, and Indian rupee.
 
The Central Bank stressed that this expansion aims to provide broader options for local banks and enable them to meet the needs of foreign trade at official transfer rates.
 
The objectives of the step and its economic consequences
 
According to the statement, this step aims to achieve streamlined financial transfers and the involvement of a larger number of Iraqi banks in external transfer operations.
 
It also seeks to enhance economic cooperation between Iraq and other countries, which contributes to diversifying economic and trade channels and strengthening relations with international partners.
 
The Central Bank explained that the smooth transition that took place during 2024 from using the electronic platform to approved correspondent banks contributed significantly to improving banking operations.
 
This move was widely praised as a fundamental shift in line with international standards.
 
Expanding the economic horizon
 
This announcement comes as the Central Bank seeks to expand the horizons of economic cooperation between Iraq, neighboring countries and the world.
 
The addition of new currencies reflects a deep understanding of the market needs and Iraq's dealings with various countries.
 
These expansions would support Iraq's ability to
 
     enhance the role of its banking sector in international trade, and
     increase global confidence in the Iraqi banking system.

Towards a modern banking system
 
Thanks to this step, the Central Bank of Iraq continues its efforts to develop the local banking system in line with modern banking practices.
 
It is expected that these expansions will
 
     contribute to improving the efficiency of commercial operations and
     reducing dependence on traditional currencies,
     enhancing Iraq's economic diversification.
 
Through these measures, the Central Bank of Iraq demonstrated its commitment to developing the financial system to meet local and international needs, thus contributing to enhancing the stability of the Iraqi economy and achieving sustainable growth.     https://mustaqila.com/البنك-المركزي-العراقي-يتحدى-الدولار-ب/   

Oil: The Proportion Of Associated Gas Investment Increased To 70%
 
Economy  The Ministry of Oil announced today, Thursday, that the percentage of associated gas investment has increased to 70%. A statement from the ministry - received by the Iraqi News Agency (INA) - stated that “in implementation of the government program and the directives of the Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani, the Undersecretary for Gas Affairs, Izzat Saber Ismail, chaired the leadership meeting for gas projects, in the presence of the general directors of the relevant oil companies and departments.”
 
During the meeting, the agent pointed out the achievements that have been achieved in the associated gas investment sector, which will reach 70% by the end of this year. The agent stressed,
 
“The government and the ministry, through the directives of Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani, are keen to raise gas investment rates in a way that contributes to providing fuel for electric power generation plants and supporting the national economy.”

The agent added,  “The Ministry has also achieved an achievement in the field of production, storage, and export of liquid gas, as well as increasing gas supply outlets for vehicles, due to the high numbers to which gas systems have been added,” noting,
 
“The number of technical workshops has also increased to raise the level of services provided to citizens.”".

The statement continued,  "During the meeting, the projects implemented by the Ministry to raise associated gas investment rates were reviewed, as well as projects implemented to develop gas fields, to support the energy and industry sector in the country."    https://www.ina.iq/224007--70.html   

Economist Warns Of Impact On Iraq's Budget And Projects Due To Reduction In Oil Exports
Time: 2024/12/20 13:54:38 Read: 1,313 times  {Economic: Al Furat News} An economic expert warned that Iraq’s budget and investment projects would be affected by the reduction in its oil exports.
Salah Nouri told Al Furat News Agency: "Iraq is greatly affected by the reduction of its share of oil exports in a complex manner."

gHe explained that "the licensing rounds continue to produce according to the contract despite the reduction in exports and receive their dues from production costs with profit."

Nouri pointed out that "the financing of the federal general budget is affected as a result of the decrease in oil export revenues, whether the current or investment budget, and the completion of some investment projects may be halted."   LINK

 Gold Heads For Weekly Losses After Fed Decision

Time: 2024/12/20 08:54:34 Read: 1,846 times  {Economic: Al Furat News} Gold is heading towards a weekly decline today, Friday, after the Federal Reserve’s decision to slow the pace of interest rate cuts during 2025, while the market’s focus shifted to the US personal consumption spending data scheduled to be released later today.

Spot silver is also on track for its worst weekly performance since late 2023.

By 0326 GMT, spot gold was at $2,596.89 an ounce.

The precious metal lost about two percent over the week.

US gold futures rose 0.1 percent to $2,611.30 an ounce.

Gold is holding steady as investors "wait for Trump to resume office next year, and the Fed will hold one meeting after another, looking at the data and seeing what Trump's trade policy will include," said Soni Kumari, a commodities strategist at Australian bank ANZ, according to Reuters.

Investors are now awaiting the core personal consumption expenditures index, the Fed's preferred inflation gauge, for further clues about the US economic outlook.

The US Federal Reserve cut interest rates by 25 basis points, and the bank's signal of an expected slowdown in interest rate cuts pushed gold to its lowest level since November 18  LINK

Central Bank: Iraq Expands Foreign Transfers In New Currencies Other Than The Dollar

The Central Bank of Iraq announced on Thursday the expansion of foreign transfer channels for local banks to include new currencies other than the dollar, namely: the Jordanian dinar and the Saudi riyal.

The bank also decided to allow 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 in a statement today 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 statement also 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."

The bank confirmed that "a smooth transition took place during 2024 from the electronic platform to directly approved correspondent banks, and thus the Central Bank achieved a fundamental transformation in line with international banking practices, and this transition is widely praised." https://www.radionawa.com/all-detail.aspx?jimare=40666

The Central Bank Of Iraq Decides To Add The Saudi Riyal And The Jordanian Dinar

Banks  Economy News – Baghdad   The Central Bank of Iraq announced the expansion of external 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 it with European Union countries.

The Central Bank's media office stated in a statement received by "Al-Eqtisad News" 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 pointed out that "this expansion in the external transfer channels provides transfer operations at the official price, and aims to streamline the transfer and involve a greater number of banks in external 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 approved correspondent banks, thus the Central Bank achieved a fundamental transformation in line with international banking practices, and this transition is widely praised. 250 views 12/19/2024 - 11:07 AM   https://economy-news.net/content.php?id=51058

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

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

Good Afternoon Dinar Recaps,

US COURT SCHEDULES KEY DATES FOR RIPPLE CASE

▪️The US Court of Appeals sets critical dates for the Ripple lawsuit.

▪️Bradley Sostack must submit key documents by specified deadlines.

▪️Ripple remains hopeful amidst ongoing legal challenges with the SEC.

The United States Court of Appeals has announced important dates related to a new lawsuit filed by Bradley Sostack against Ripple $2. The court will outline filing deadlines and the dates for presenting major arguments during the appeals process.

Ripple Case Dates

The appellate court received the appeal notification concerning the Ripple case and assigned a case number. The court requested that any motions filed in this process be submitted individually.

Plaintiff Bradley Sostack must submit the Mediation Questionnaire by December 23. The court also expects to receive the Appeals Transcript Order and the Appeals Transcript by December 31 and January 30, respectively.

The plaintiff will initiate the appeals process by submitting the opening brief on March 6 against Ripple and CEO Brad Garlinghouse. Ripple Labs, XRP II, and Garlinghouse are required to respond to the plaintiff’s main assertion by April 7, 2025.

“If there are reported hearings, parties should identify transcripts and make assignments mutually if necessary” – Court

Previous Court Rulings

Ripple, having benefited from prior dividend court rulings, has been appealed by Bradley Sostack. Judge Phyllis Hamilton approved the request to modify the decision and hearing request in the XRP case.

The lawsuit between Ripple and the SEC continues in the Second Circuit Court of Appeals. Ripple executives and the crypto community remain hopeful about the dismissal or withdrawal of the case. SEC Chairman Gary Gensler’s resignation on January 20 has fostered optimism regarding the case’s future.

As developments unfold in the Ripple case, stakeholders are preparing for the ongoing process. Keeping track of the dates set by the court will be crucial for the case’s progression.

@ Newshounds News™

Source:  Coin-Turk

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METALLICUS ACQUIRES FINTECH OPERATOR CONNECTED TO 70 CREDIT UNIONS

The acquisition brings Metal blockchain solutions to Bonifii’s portfolio of credit unions.

Digital banking and blockchain platform Metallicus recently announced the acquisition of fintech service company Bonifii, a credit union service operator (CUSO) connected to 70 credit unions.

The partnership will purportedly establish a separate CUSO for credit union partners that establish and deploy on The Digital Banking Network (TDBN), a multilayer blockchain network servicing the fintech and financial services industry.

According to a blog post from Bonifii, the organization is currently the only CUSO directly connected to a blockchain core developer.

Marshall Hayner, founder and CEO of Metallicus and board member of the Dogecoin Foundation, told Cointelegraph that the acquisition brought the company’s total credit union partners to more than 80, with more than 16 of those already leveraging Metal blockchain technology. He explained:

“Our plan is to continue onboarding more financial institutions and credit unions onto The Digital Banking Network, providing them with bespoke solutions that allow them to move onchain, enhance their operational requirements, reduce costs and enhance services for credit union members globally.”

Digital banking and FedNow

Metallicus has been among the more active blockchain firms in the digital banking space. Its early involvement in the US Federal Reserve’s FedNow digital payments system has positioned it as a core blockchain with inroads to US government programs.

FedNow is a digital payments infrastructure that allows qualified banking institutions to provide government-backed instant payment solutions to their customers. As Cointelegraph reported in May 2023, Metal Blockchain was one of the first chains accepted for integration with the program.

The recent acquisition of Bonifii could allow Metallicus to expand its footprint into the credit union space. Hayner told Cointelegraph that Bonifii president John Ainsworth will transition to the Metallicus team, where he will lead Metal Blockchain’s expansion into the credit union sector as General Manager.

A cursory review of the company’s finances indicates that, prior to the acquisition, Bonifii had raised roughly $20 million over several early investment and seed rounds. While details on Metallicus’ financials do not appear to be publicly available, CoinMarketCap reports a market capitalization of $13.65 million for the Metal Blockchain.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

TOP ECONOMIST SHARES WHY SILVER IS THE SAFEST BET RIGHT NOW  |  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

More News, Rumors and Opinions Friday Afternoon 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

Thurs. 19 Dec. 2024 Wolverine: The Bank of America system crashed today, leaving panicked customers 0 balances. “I have talked to Paymasters and Reno. It’s all coming before Christmas. Platforms have to be closed by Friday, so it should be released between now and Saturday Morning. All platforms need to be close off at the latest by Saturday so they can start releasing those funds.

Thurs. 19 Dec. 2024 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#

All day Fri., Sat, Sun, Mon and Tues until noon, Redemption Center Staff are scheduled to work. They have Christmas off and go back to work the day after Christmas.

Iraq is no longer tied to the US Dollar, it is tied to BRICS

Iraq is sovereign and has been celebrating since last Saturday.

In the first ten days of Jan. 2025 R&R, increase of SS, NESARA, GESARA kicks in.

We could be notified overnight tonight or Friday morning 20 Dec.

You will receive an email from Wells Fargo telling you how to call the 800 number and will be calling a regional call center.

They are supposed to offer you the Contract Rate on the Dinar. If they don’t offer it to you, ask for it.

You need a picture ID, blue ink pen, user name, password, 5 digit Pin Code, new email address and another password to get into your new email.

You get a Quantum Card that is only used to move monies from your Quantum account to your Wells Fargo Account.

Have an amount in mind that you want to move from your Quantum account for the first 90 days.

They will give you a Q phone and perhaps a certificate for a Quantum computer.

They don’t want us to take out of our appointments any more than $1,500 in cash.

No interest is paid on your Quantum Account. 5-8% yearly interest is paid on your other bank accounts.

You should be in and out of your appointment in 30-40 min.

Your NDA could be 30 days to 6 months.

At your appointment you can tell them you have a dire need for a med bed.

At the Med Bed Centers there are two different Med Beds.

Med Bed Centers

~~~~~~~~~~~~~

Wed. 18 Dec. 2024 TNT: Yes, we are going to get paid. Some are being paid right now. The RV is still going. Banks are awaiting a memo from the Feds. that the Feds will send out this afternoon. It will go between now and Friday 19 Dec. The new rates are still there and live. VIPs are still exchanging.

On Tues. 17 Dec. 2024 Ripple USD Stablecoin (RLUSD) launched, the Iraqi Dinar was being paid out at it’s new revalued rate of just under $8.00 in-country (the international rate has not yet stabilized on the Forex and wouldn’t be until Mon. 23 Dec); Rumors swirled that the Vietnamese Dong has followed suit and XRP went live.

Thurs. 19 Dec. 2024: EBS Shockwave Incoming: Over 200,000 Military Troops Mobilized for 10 Days of Truth, Global Arrests, Deep state Burns, and GESARA’s Wealth Transfer Begins! – Gazetteller

~~~~~~~~~~~~~~~

Thurs. 19 Dec. 2024 the BRICS alliance, with nearly 40 countries interested in joining, is leading a global movement to dethrone US dollar dominance.

As economies push for de-dollarization and local currency trade, the world braces for a seismic shift in global finance. This revolution could reshape the future of international trade and challenge US economic power.

A financial revolution is brewing. Nearly 40 countries are ready to break free from the economic chains of the US dollar. Spearheaded by the growing BRICS alliance, nations from Asia, Africa, and South America are uniting to shift away from US dominance and chart a new economic path.

BRICS has grown from a coalition of Brazil, Russia, India, China, and South Africa into a powerhouse challenging the old order. As the US grip weakens, these nations are opting for local currencies in trade, signaling a turning point in global finance. This is more than an economic realignment—this is about escaping the dollar’s control and securing economic independence.

The US Dollar’s Dominance—And Its Cracks: For decades, the US dollar has controlled global trade, commodity prices, and the financial system. But now, nations are pushing back. The dominance that the dollar has enjoyed since World War II is fading. The system designed to ensure the US’s place at the top is being challenged, and BRICS is leading the charge.

Countries tied to the dollar are at the mercy of US monetary policy. When the US raises interest rates, the pain is felt worldwide. This system benefits the US while trapping developing nations in economic strangleholds. The dollar has become a weapon, and many countries are ready to break free.

BRICS: The Beacon of De-Dollarization: BRICS represents a collective effort to escape the US-led financial system. Originally formed to counterbalance Western institutions, BRICS is now spearheading a de-dollarization movement. The nearly 40 countries expressing interest in joining are driven by a desire to shift to local currencies and break their reliance on the US dollar.

China is a critical player, using its influence and initiatives like the Belt and Road Initiative to promote trade in local currencies. It’s not just economic pragmatism—it’s a geopolitical move aimed at weakening US power. Russia, too, is pushing hard to de-dollarize, motivated by US sanctions and the need to insulate its economy from American control.

A Flood of Interest: Who Are These 40 Countries? Countries like Argentina, Saudi Arabia, and Egypt are eyeing BRICS as a way to escape the dollar’s grip. These nations see the alliance as a pathway to a more balanced global system, one where the US no longer dominates their financial futures.

Saudi Arabia’s interest is a game-changer. As the world’s largest oil exporter, its potential shift away from the petrodollar system could strike a devastating blow to the US dollar’s global standing. If Saudi Arabia begins trading oil in currencies like the yuan, the global financial order could shift dramatically.

The Collapse of Dollar Dominance? The US dollar’s dominance won’t vanish overnight, but the shift is undeniable. As BRICS expands and more nations adopt local currencies, the demand for the dollar will decline. The days of the US borrowing cheaply and maintaining a massive trade deficit without consequence could be coming to an end.

As BRICS grows in power, the global financial order is evolving. This isn’t just about economics—it’s about power, influence, and the future of global leadership. The revolution has begun, and BRICS is leading the charge.

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

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

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

Mnt Goat   Article:  “CENTRAL BANK GOVERNOR: OPENING EXTERNAL CHANNELS WITH FOREIGN CURRENCIES ELIMINATES THE BLACK MARKET”   Central Bank Governor Ali Al-Alaq confirmed on Thursday that opening channels in foreign and Arab currencies achieves stability in the exchange rate and gradually eliminates the black market. 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...  [post 1 of 2....stay tuned]

Mnt Goat  This recent move with the correspondent banks should knock out the parallel market altogether first and put the dollar in line with the CBI “official” rate. This was needed first. Then the CBI plans to push out the new in-country CBI official rate we have been waiting for along with the project to delete the zeros. I just talked to my CBI contact...Wednesday and this is what I am told. We just have to sit tight and see what happens next. I wish I could tell you more positive news. Right now, this is a very sensitive time, things will be moving fast soon. I can’t think of better news at this time.  [post 2 of 2]

More news Iqd rate

Nader:  12-20-2024

https://www.youtube.com/watch?v=dpPO0wNO8gA

GAME OVER: Germany's Shocking Collapse Signals More Trouble Ahead for the EU

Lena Petrova:  12-20-2024

https://www.youtube.com/watch?v=MzJYaTlOu1w

“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

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

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

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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

~~~~~~~~~

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

~~~~~~~~~

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

~~~~~~~~~

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