Seeds of Wisdom RV and Economic Updates Friday Afternoon 1-10-25

Good Afternoon Dinar Recaps,

XRP LAWSUIT: RIPPLE CTO REVEALS LEGAL STRUGGLES AND THE SILENCE HE WAS FORCED INTO

The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) has gained widespread attention, carrying profound implications for the entire cryptocurrency industry. The lawsuit, which began in December 2020, accuses Ripple, along with its CEO Brad Garlinghouse and co-founder Chris Larsen, of raising over $1.3 billion through an unregistered securities offering by selling XRP.

In the midst of this high-stakes legal fight, Ripple’s Chief Technology Officer (CTO), David Schwartz, recently shared his thoughts on the situation. He opened up about the challenges posed by the lawsuit and the broader regulatory scrutiny faced by the crypto industry. 

He explained how the legal constraints surrounding the case prevented Ripple from addressing certain truths about the situation. “One of the things that most annoyed me about the lawsuit and the war on crypto was that there were things that were indisputably true that I could not say,” Schwartz said.

While Schwartz acknowledged the frustration of not being able to speak freely, he found some solace in seeing others express these truths on Ripple’s behalf. He added, “It definitely lifted my spirits to see someone else say them when I could not.”

Schwartz said that, despite his willingness to be more open about the matter, he believes discussing the past in detail would not be productive. He explained that, due to legal and strategic constraints, Ripple has been unable to directly combat misinformation, relying on the support of the XRP community, often referred to as the “XRP Army,” to help fill that gap.

Ripple Vs SEC Latest Update:

Judge Phyllis J. Hamilton has allowed Ripple CEO Brad Garlinghouse to keep some court documents sealed. This includes documents about judgments and expert testimony. Both Ripple and the SEC can keep these details private as the case moves to the next stage, following a rule to protect sensitive information.

@ Newshounds News™

Source:  Coinpedia

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U.S. SENATE TO LAUNCH CRYPTOCURRENCY SUBCOMMITTEE, LUMMIS TAPPED AS CHAIR

In a significant move for the crypto industry, the U.S. Senate Banking Committee is set to create its first-ever subcommittee focused exclusively on cryptocurrency.

The U.S. Senate Banking Committee, under the leadership of Senator Tim Scott (R-S.C.), is poised to establish a dedicated cryptocurrency subcommittee to advance discussions on digital asset regulation and industry oversight, according to a report by Fox News.

The formation of this subcommittee, modeled after a similar House panel created in 2023, marks a pivotal step toward a more structured approach to crypto legislation at the federal level.

A Senate aide told Fox News that Wyoming Senator Cynthia Lummis, a staunch advocate for cryptocurrency, is the tentative choice to chair this groundbreaking panel. 

‘The selection of Lummis, pending a committee vote next Thursday, signals a shift in the Senate's approach to digital assets. Alongside her nomination, the subcommittee members, representing both Republican and Democratic sides, will also be finalized through the same voting process.

Lummis, known for her vocal support of Bitcoin, has described the asset as "freedom money" and has advocated for its potential to hedge against inflation and enhance financial independence.

She previously proposed a plan for the US to acquire a significant stake in the total Bitcoin supply through a 1-million-unit purchase program over a set period. "Establishing a strategic Bitcoin reserve to bolster the U.S. dollar with a digital hard asset will secure our nation's standing as the global financial leader for decades to come," Lummis said at the time.

Her leadership could steer the subcommittee toward developing a more balanced regulatory framework, fostering innovation while ensuring market integrity.

Senator Tim Scott first hinted at the possibility of forming a crypto-focused subcommittee during the Wyoming Blockchain Symposium last August. 

“Wouldn't it be kind of cool if we had a subcommittee on the Banking Committee... so that we bring more light to the conversation, more hearings on the industry, so that we get things done faster?” Scott remarked, highlighting his vision for streamlined legislative action.

This move comes as Scott replaces outgoing Chair Senator Sherrod Brown (D-Ohio), who maintained a more critical stance on cryptocurrency. Brown frequently called for stricter oversight, citing concerns about crypto's role in enabling illicit activities and circumventing sanctions. The change in leadership, coupled with the creation of a dedicated subcommittee, could lead to a friendlier regulatory environment for digital assets under the new administration.

Notably, the subcommittee will include other crypto-friendly lawmakers such as Senator Bill Hagerty (R-Tenn.) and newly elected Senator Bernie Moreno (R-Ohio), both vocal supporters of blockchain technology and cryptocurrency. Moreno, who defeated Brown in the November elections, has vowed to champion crypto-friendly policies in the Senate.

@ Newshounds News™
Source:  BlockHead

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More News, Rumors and Opinions Friday Afternoon 1-10-2025

KTFA:

Clare:  Including the budget, intelligence, and minorities... Learn about the laws included in the parliament session on Sunday

1/10/2025

 The media department of the House of Representatives announced, on Thursday, the agenda of the parliament session next Sunday, including voting and reading of draft laws, including the 2025 budget schedules and others related to minorities and security.

According to the agenda, which was received by Shafaq News Agency, the parliament session next Sunday, January 13, includes 10 paragraphs, distributed between voting on draft laws, including the National Intelligence Service Law and mental health.

The session will also include reading draft laws, including the Yazidi genocide, the protection of minorities, and the federal budget schedules for 2025  LINK

Clare:  Among them is the Iraqi Elina Habba.. Trump honors his supporters from the leaders of the Arab and Muslim community

1/10/2025

US President-elect Donald Trump is scheduled to meet with leaders of the Arab and Muslim community in the United States and honor them, including the Iraqi Elina Habba, the lawyer who was known for being one of Trump's defenders and one of his most prominent supporters in the elections. 

Leaders of the Arab and Muslim American community revealed that a meeting will be held between President-elect Donald Trump and his Vice President, Geddy Vance, with community leaders in Washington, DC, two days before the inauguration of the president-elect for a new term on January 20.

The leaders explained to the "Erem News" website that "this meeting is an embodiment of the commitment that Trump made to the community during his election campaign in Michigan last fall."

They pointed out that "the meeting will be a celebration of Trump's success in winning the elections, in addition to renewing the emphasis on the special relationship that has linked Arab and Muslim American voters to the Republican Party in recent years."

The leaders revealed that the list of invitees to this meeting will include, in addition to officials of Arab and Muslim origins who were appointed to the new Trump administration, community leaders who were in the front lines of supporting Trump’s campaign in an attempt to win the votes of the Arab and Muslim community in Michigan and the rest of the US states. 

After announcing his victory in the elections, President Trump took the initiative to appoint Americans of Arab and Muslim origins to senior positions in his new administration.

Leaders explained to "Erem News" that there are other appointments on the way for more Arab Americans in the Trump administration in the days and weeks that will follow the president's swearing-in.

Among the names to be honored at the meeting are Trump's senior Middle East adviser, Massad Boulos, ambassador-designate to Turkey Tom Barrack, Iraqi-born lawyer Elina Habba, adviser to the president, and the appointed "Doctor of the Nation" of Jordanian origin, Janet Nesheiwat, in addition to Muslim physician Mehmet Oz and Egyptian-born physician Martha McCary, who was appointed director of the Food and Drug Administration.   LINK

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

Jeff  Iraq's '25 budget still in the works with the government expected to send the budget tables to the council representatives in early February.  The rate needs to change before that guys.  That's why I've been telling you you're in red-hot January.  January is a critical month...to our investment.

Mnt Goat  Article:  “NO FEAR FOR THE REGIME IN IRAQ AS LONG AS AMERICA AND THE RELIGIOUS AUTHORITY ARE “SATISFIED”… THE GOVERNMENT IS HEADING TOWARDS “INDEPENDENCE”  ...Iraq must gain their independence not just on paper but inpractical terms. Now that the Chapter VII sanctions are released for over 2 years already it is time...The next stage is full sovereignty promised to the Iraqi people during the second invasion in 2003.  Yes, they still are not a free country until they get back their currency, which means to control their own wealth...Also I want to mention...the CBI reserves are in the bank in New York JP Morgan/Chase DFI fund amounting to over $120 billion dollars. And so Iraq will also have to recover these funds too. The UN already decreed these funds should be returned to Iraq...we are watching this closely.

INFLATION Has COMPLETELY Devalued The Dollar...

Lynette Zang:  1-10-2025

https://www.youtube.com/watch?v=hZkB5YI1_DU

SITUATION-CRITICAL: The World Bond/Debt Market IS FLASHING RED... (AND WE HAVE A PROBLEM).

Greg Mannarino:  1-10-2025

https://www.youtube.com/watch?v=IktTwmDq69I

The Fed will End Quantitative Tightening this Year

The Fed will End Quantitative Tightening this Year

Heresy Financial:  1-10-2025

The Federal Reserve’s monetary policy has been a dominant force in the economic landscape in recent years, and its actions in 2025 will be closely watched. One key development anticipated is the cessation of quantitative tightening (QT), a process aimed at reducing the massive balance sheet the Fed accumulated during the pandemic.

Understanding the path to this point, along with the factors at play, is crucial for gauging the economic outlook.

To appreciate the current situation, we must look back to 2020. In response to the devastating economic impact of the CoviD-19 pandemic, the Fed engaged in unprecedented monetary easing. This included slashing interest rates to near zero and unleashing an enormous program of quantitative easing (QE), effectively “printing money” by purchasing trillions of dollars in Treasury bonds and mortgage-backed securities.

 This infusion of liquidity was meant to stabilize markets, support employment, and prevent a deeper economic collapse. While it achieved those goals to a large degree, it also laid the foundation for future challenges, including inflation.

As inflation surged in 2022 and 2023, the Fed pivoted sharply, embarking on a path of aggressive interest rate hikes and quantitative tightening (QT). QT involves allowing maturing assets on the Fed’s balance sheet to roll off and, in some instances, selling assets directly into the market. This process reduces the money supply and aims to cool down the economy and bring inflation under control.

However, QT hasn’t been without its complications. As the Fed reduces its holdings of Treasury bonds, it indirectly puts pressure on the government to borrow more from the open market, potentially raising the cost of borrowing for the US Treasury. This adds a layer of complexity to the financial system.

The Fed also maintains a Reverse Repo (RRP) Facility, a tool that allows financial institutions to temporarily park excess cash with the Fed in exchange for securities. Historically, it served as a safety valve, absorbing excess liquidity in the system.

However, in recent years, the RRP facility has seen a significant surge in utilization due to the vast amount of liquidity floating around as a result of the prior QE programs. As QT continues, the question remains whether the RRP will continue to play the same role or if the liquidity it absorbs will eventually dry up.

The central question surrounding the end of QT is: where is the liquidity coming from? The massive QE operations of 2020 created an unprecedented amount of money in the financial system. While QT is intended to drain that liquidity, the process unfolds slowly.

The persistence of the RRP utilization suggests that there’s still ample cash available. However, as the Fed continues to unwind its balance sheet, the system will become progressively leaner. This process will influence the cost of borrowing, and possibly the level of risk assets people are willing to take.

The move by the Fed to conclude quantitative tightening in 2025 marks a significant shift in monetary policy. While the immediate impact might be a reduction in upward pressure on interest rates, the lingering effects of 2020’s “money printing” and the complexities of unwinding such a large balance sheet mean that the economic path ahead remains uncertain.

 Investors and economists will be closely scrutinizing the Fed’s actions and the resulting market responses as 2025 unfolds. The lessons learned from this period will undoubtedly shape the future of monetary policy for years to come.

https://youtu.be/bqukrHuNHvE

Coffee with MarkZ and Mr. Cottrell. 01/10/2025

Coffee with MarkZ and Mr. Cottrell. 01/10/2025

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Good Morning and happy Friday

Member: Another week bites the dust…..

Member: It’s cold all over…… Give us some Hot News to heat things up!!

Member: Everything looks good - let's kick this RV off. Go ahead and tell them it's ok to start Mark !

Member: Is this our week?

MZ: I’m hearing mixed signals on that. Some say it is our week and some say –not till after the 21st.

Member: if the rv happens around the 21st...it's STILL far sooner than the 35 YEARS that Mr C has been has suffered through. Cool your jets folks...it will happen!!

Member: Inauguration day is Jan 20th, Jan 20th is also Martin Luther King Day = markets closed, banks closed, govt offices closed etc. coincidence?? NOPE

MZ: “Using their heavy machinery –Basra Contractors Union threatens government with angry demonstrations and road blockages” And they are threatening to bring their heavy equipment to Baghdad in a week or two and block the streets. And who is helping them organize these things?  Maliki.

Member: Why isnt Maliki in prison?  I thought they were cleaning up corruption??

Member: Maliki's name says it all: MAL means BAD.

Member: Seems to me the Iraqi people would benefit most from an RV, what is the hold up!!!!

MZ: I believe the RV is “event driven. And they have to have enough events done before they pull the switch.

MZ: HCL is supposed to again be discussed Sunday in Parliament

Member: MARK Z. why is the HCL so important? Could there be a rate in it.??

Member: I believe The HCL Hydrocarbon Law and Article 140 is profit sharing for all Iraqi citizens to get a part of the oil proceeds. That’s one reason they needed the census a few months ago.

Member: I think the battle over HCL is misdirection

MZ: I agree…it absolutely feels like misdirection…..It feels like theatre.

Member: Maybe they are stalling until after the inauguration on the 20th?

MZ: I have talked to a couple Iraqi sources and they still believe this is it. They have contractors that they are in contact with that are suddenly being called in. I have one who will not tell me what the re-negotiated rate is on their contracts. One of them mentioned $3.91 but I do not know for certain if that is really it. Its from a contact I don’t know really well.

Member: $3.91 would be amazing…..fingers crossed.

Member: If we're going to gold based currency-I wonder how long does that take to switch over?

Member: Nixon took us off the gold standard with a stroke of his pen…..just sayin

Member: Bruce last night stated phone numbers are coming out today. He said he is absolutely calling it and that's was it. He also stated there was a big 2 hour meeting on Wednesday with all Bank and Redemption centers

Member: Pompey Peter said the RV date has been set and things seem to be slowing down after speeding up for a while because they're aiming events at the set date.

Member: Buddy Carter just introduced the Fair Tax act which abolishes the IRS and federal income tax and introduces a consumption tax!! Nesara!!

MZ: I have a call in for redemption center/redeeming bank contacts…to find out if they are working this weekend. They are “on call”

MZ: Silence from bond folks right now.

Member: Stay positive……I feel great things are coming!!

Member: I just got into dinar w/o any knowledge of it , I’m glad I didn’t have to wait as long as most. But the opportunity is definitely a blessing. It opened my mind to a whole new perspective

Member: Let’s get this party started Folks!

Membr: Hope everyone has a wonderful weekend. Stay warm and safe.

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

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

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

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=dPo1VaFIURM

Seeds of Wisdom RV and Economic Updates Friday Morning 1-10-25

Good Morning Dinar Recaps,

SEC’S GENSLER SAYS MOST CRYPTO PROJECTS ARE DOOMED AS RIPPLE APPEAL DEADLINE NEARS

▪️Gary Gensler warns crypto market still rife with fraud, says many projects won’t survive in his final interview as SEC Chair.

▪️Outgoing SEC Chair Gary Gensler highlights scams in crypto, calls for stronger regulation as he prepares to step down.

Gary Gensler, the outgoing chair of the Securities and Exchange Commission, shared his thoughts on regulating the fast-growing crypto market. While he acknowledged that crypto is still a small part of the overall financial markets, he said that it’s full of bad actors and scams.

Under his leadership, the SEC has filed about 100 enforcement actions in the past four years, compared to his predecessor Jay Clayton’s 80. Gensler believes that the crypto market is still struggling with fraud, with many projects acting like risky investments that may not survive.

In an interview with Bloomberg, Gensler said,

In this field, it’s rife with bad actors.” He then broke down the crypto market into two parts, saying, “The public knows a lot about Bitcoin, which, depending on its market value, is two-thirds to 80% of the market value of crypto.

Gensler pointed out that there are “10,000 to 15,000 projects raising money from the public.” Many of these projects, he believes, are simply speculative investments, “hoping for a better future.” 

He explained, “I’ve been around finance for over four decades, and everything in the markets trades on a mixture of fundamentals and sentiment.” However, he added, “At any given time, I’ve never seen a field that’s so much wrapped up in sentiment and not so much about fundamentals.”

Gensler Says Crypto Projects ‘Won’t Survive’

He also warned, “Many of these 10,000 to 15,000 projects will not survive. They’re like venture capital investments. They’re not going to survive.” Gensler pointed to the existence of “small pump and dump schemes” that have caused problems in the industry. Reflecting on past events, he said, “We’ve lived through a few years where they became notorious, but they’re in jail now.”

Despite the growing number of enforcement actions, Gensler thinks that the crypto market is still not complying with the rules. He sees his role as ensuring that the market works without fraud, manipulation, and misinformation. Gensler is set to resign on January 20 and Paul Atkins will serve as the SEC Chair next.

@ Newshounds News™

Source:  Coinpedia

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PRO-CRYPTO CFTC BOSS, SUBCOMMITTEE RUMORED AS TRUMP INAUGURATION NEARS

New reports suggest the US Senate Banking Committee is looking to create its first crypto subcommittee, while Trump is reportedly eyeing a pro-crypto CFTC commissioner to take the agency’s helm.

The US Senate Banking Committee is reportedly set to create its first-ever crypto subcommittee, while a pro-crypto commissioner is now a top pick to replace the outgoing chair of the Commodity Futures Trading Commission, according to two reports.

The two reports — seen as positive developments for the crypto industry — come less than two weeks before President-elect Donald Trump’s inauguration, set for Jan. 20.

According to a report from FOX Business on Jan. 9, following a Punchbowl News report on Jan. 8, the US Senate Banking Committee’s new chair, Republican Senator Tim Scott, has made the creation of the subcommittee a top priority and plans to replicate the House Financial Services Committee’s model, which introduced a crypto subcommittee in 2023.

Two Senate aides told FOX that Scott has put forward Senator Cynthia Lummis to chair the subcommittee, with a vote on her approval to happen in the next few days. Lummis, a longtime crypto supporter, has recently echoed Trump’s push for a strategic Bitcoin.

Trump has made sweeping promises to rein in crypto regulation by enforcement and turn the US into a “crypto capital.” The Senate Banking Committee is the key overseer of financial agencies such as the Securities and Exchange Commission and of federal monetary policy.

A memo seen by FOX said Senators Bernie Moreno, Dave McCormick, Thom Tillis and Bill Hagerty were being considered for the new crypto subcommittee. They are all “strongly supportive” of crypto, according to the digital assets lobby group Stand With Crypto.

It is not known which Democrats might be joining the subcommittee, but Senator Elizabeth Warren, a vocal crypto skeptic, is the party’s most senior member of the Senate Banking Committee

In 2024, the House passed a key crypto bill known as FIT21 that was created by the House Financial Services crypto subcommittee. It would hand greater regulatory control to the Commodity Futures Trading Commission. The bill is currently awaiting action in the Senate.

Mersinger tipped to lead CFTC

Meanwhile, Unchained reported on Jan. 9 that five people close to the matter said CFTC Commissioner Summer Mersinger has emerged as a leading choice to chair the agency, as current CFTC chair Rostin Behnam said he’d be stepping down when Trump takes office.

Mersinger has overtaken ex-CFTC commissioner and a16z policy head Brian Quintenz for the job, as she’s seen as someone who could pass a Senate confirmation. She was a staffer for Senate Majority Leader John Thune for 12 years.

As she’s already a commissioner, Trump could appoint her to a temporary chair role while the Senate deliberates on her confirmation.

Mersinger has made crypto-supportive comments, telling a Blockchain conference in November that she was “uncomfortable” that the CFTC was “kind of setting some sort of policy through our enforcement cases.”

Trump is set to take office on Jan. 20, officially giving Republicans full control of the government after the party picked up a majority of Senate seats and kept its House majority in November’s elections. The new Congress kicked off on Jan. 3.

@ Newshounds News™

Source:  CoinTelegraph

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IOTA INVITES DEVELOPERS TO APPLY FOR $10M IN SEASON 2 GRANTS

▪️IOTA’s Season 2 grant program aims to empower builders aligned with IOTA’s vision of sustainability and decentralization.

▪️Prospective applicants can submit proposals via the IOTA Grants website, with projects evaluated based on scalability, usefulness, safety, alignment with funding goals, and long-term viability

The IOTA Ecosystem DLT Foundation unveiled its Season 2 grant program. The IOTA Grants Season 2 has committed to offering $10 million in funding and fostering innovation within the Web3 ecosystem. The initiative looking to empower Web3 builders and innovators focused on projects closely aligned with its vision of sustainability and thriving within a decentralized and free ecosystem.

IOTA Grants Season 2 Focus Areas & Funding Goals

It caters to three core areas, namely open-source development, education, and events, for supporting projects. These categories advance IOTA’s ecosystem by covering key aspects of Web3 growth.

For context, open-Source Development promotes the development of tools, utilities, and public goods that increase user experience.

Moreover, the foundation has targeted education to reduce the complexity of multi-layered technology to reach everyday users. Meanwhile, events that promote community-driven activities like hackathons and workshops are prioritized.

“We’re here to support you on this journey,” the IOTA Foundation stated. They added:

Whether you’re accelerating adoption through real-world applications, planning to utilize our EVM framework, or shaping the future of the IOTA Rebased network, our grants are designed to foster innovation and creativity across the entire spectrum.

Currently, one of the key areas of focus has been the launch of the IOTA rebased protocol. The IOTA Rebased protocol is reportedly gearing up for its mainnet re-launch in early 2025, reported CNF. On the social media platform X, Michael Atlan emphasized that this re-launch positions IOTA for broader real-world adoption

Success Of Season 1 Grants

The end of Season 1 of the IOTA Grants program has been on an upbeat note since it attracted quality talent and great projects. Altogether, there were 144 applications, from which 32 were funded amounting to $3.47 million. The process had to be momentarily halted because it was overwhelmed with applications.

The Foundation has reflected on the previous season by highlighting productive outcomes. In a blog post, the team wrote,

The first season proved highly productive, bringing exceptional talent and innovation into the IOTA ecosystem.

Hence, applying for Season 2 is relatively simple. Anyone can submit a proposal by logging onto the IOTA Grants website along with guidelines on the funding. The applicants would be interviewed by the IOTA Grant Committee, which includes members of the IOTA Foundation.

Projects are rated along six criteria including alignment with funding goals, scalability, usefulness, safety, expertise of the grantee, and long-term viability. 

The Foundation went ahead to inform that its evaluation process is quite transparent, assuring that all funding goes only to projects whose potential to alter the ecosystem can be maximally realized.

IOTA Grants Season 2 builds on the momentum of its predecessor and is seeking even more innovative ideas. “Your ideas have the power to drive positive change in the ecosystem, and the IOTA Ecosystem DLT Foundation is here to support you,” the Foundation encouraged.

The IOTA Foundation added that it’s excited to work with developers and visionaries to build the future of Web3. Thus, prospective candidates can visit the IOTA Grants website for more information or to apply.

@ Newshounds News™

Source:  Crypto News Flash

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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

5 Reasons You Still Need Checks

5 Reasons You Still Need Checks

Heather Taylor   Mon, March 27, 2023

Is there still room for paper checks in a world where financial transactions are increasingly digital in nature? Survey says … yes.

In GOBankingRates’ Best Banks 2023 survey of 1,000 Americans, 22% of respondents said they still write checks at least once a month. And surprisingly, of these respondents, the largest percentage belonged to those between the ages of 18 to 24 (28%). Paper checks might sound like a mildly antiquated concept, but they can still be used to fulfill specific needs now and into the near future.

Here are some of the key reasons you still need checks.

Valid Form of Payment

If you don’t have cash or a credit or debit card available to pay for essential goods or services, many people and places will accept a check. Desiree Kaul, CFP and associate advisor at MainStreet Financial Planning, said you can still use a physical check to make a payment for the following:

Hiring contractors. Kaul said contractors who work on your home generally accept only cash or physical checks for their services. Paying with a credit card, should you choose to do it, may mean paying additional convenience fees.

School fees. Families with school-aged children often need to pay for various activities throughout the course of the school year. Rather than send your child to school with cash that could be lost, Kaul said it may be easier to write a physical check for fees payable to the school.

Physical magazine subscriptions. If you still subscribe to physical magazines, Kaul said you may want to pay for these subscriptions via physical check. “If you use a credit card, some companies will autobill a credit card upon renewal whether you intended to renew or not,” said Kaul.

Groceries. Yes, many grocery stores and retailers like Walmart will accept a physical check at checkout. Kaul said this can be especially helpful in circumstances where your debit or credit card has been lost or stolen. A physical check may act as its replacement for making payments until then.

https://www.yahoo.com/finance/news/5-reasons-still-checks-120018977.html

News, Rumors and Opinions Friday AM 1-10-2025

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. 10 Jan. 2025

Compiled Fri. 10 Jan. 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Wed. 8 Jan. 2025 MarkZ: Four banker contacts said they expect something to happen on Fri. 10 Jan. 2025. One banker heard Iraq was supposed to have the new Dinar rate on Sat. 11 Jan. 2025.

Tues. 7 2025 TNT: The RV will be on Forex this Friday 10 Jan. for the general public.

Thurs. 9 Jan. 2025 Bruce:

On Tues. 7 Jan. Redemption Centers and banks were pinging each other on the Starlink System around the world – that ended Thurs. morning 9 Jan. The new currency rates were supposed to be live after that.

The exchanges and redemptions are a non taxable event. The interest earned is taxable.

Everyone with Dinar will be offered the higher Contract Rate. If it is not offered to you, ask for it.

It is possible to receive the toll free numbers in emails from Wells Fargo early tomorrow morning Fri. 10 Jan.

It is possible to start exchange appointments Sat. 11 Jan.

R&R will be paid out after Inauguration Day Mon. 20 Jan.

SS increases could still occur in January.

Nesara/Gesara funds were moving globally and should be paid out between Jan. 20 and the end of the month.

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Global Financial Crisis:

Thurs. 9 Jan. 2025: The Great Taking of 2025: How to Shield Your Wealth from the Global Elite’s Ultimate Heist – Gazetteller

Thurs. 9 Jan. 2025: CRITICAL! Banks Are Desperate to Keep You From the Redemption Centers: Iraqi Dinar, ZIM, QFS, and the New Gold Standard Signal the Death of the Fiat Dollar! – Gazetteller

Read full post here:  https://dinarchronicles.com/2025/01/10/restored-republic-via-a-gcr-update-as-of-january-10-2025/

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

Militia Man  There's some people out there that talk about the fact that the dollar auctions haven't changed.  That's wrong...you should already know this by now, it's called the new reinforcement mechanism.  Articles specifically tell you the dollar auctions...are no longer, at all.  Everybody that is going to get a dollar from anywhere in Iraq is going to come from this new mechanism and that's a fact.  

Frank26  The auctions have metamorphosed, they have evolved...they have progressed to what is now called international foreign currency transfers and it's being done by private banks...You think the currency auctions that once existed that Iran was taking advantage of are still active?  ...You're wrong.  You're ignorant...Transfers, no longer auctions.  This is not taking a currency and converting it into any other currency.  This is moving a currency in and out of the country they could never do before.  Don't you understand the value of that?  Don't you understand how important that is for the monetary reform?  Ain't got nothing to do with the CBI.  It has to do with the private banks exchanging between each other and across the borders.

My Bubble Meter Is at an All-Time High: Black Swans to Watch for in 2025 – Steve Hanke

Daniela Cambone:  1-9-2024

"The stock market is in bubble territory... and that signals danger," warns Steve Hanke, a renowned economist and professor of Applied Economics at Johns Hopkins University.

In this episode of the 2025 Outlook Series, Hanke sits down with Daniela Cambone to discuss the global economy, trade policies, and the key risks shaping the year ahead.

Prof. Hanke predicts a significant slowdown in the U.S. economy in 2025, citing the contraction of the money supply and the pace at which it grew as key factors. He also critiques President-elect Donald Trump's mercantilist trade policies, arguing that viewing trade as a "zero-sum game" will ultimately harm the U.S. economy.

“It’s immoral for the government to be interfering with you and I who are voluntarily agreeing to you sell,” he states. Turning his attention to Europe, Hanke highlights serious concerns about Germany's faltering economy, calling it "in the tank big time" and cautioning about its potential to destabilize the broader European economy.

CHAPTERS:

0:00 U.S. economic slowdown

6:42 Recession

9:39 Tariffs

15:05 Trump's trade policy

18:10 Trudeau

 18:40 Enhancing government efficiency

25:05 The issues in the EU

 30:51 Italy’s SpaceX security deal

35:35 Red flags for 2025

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

“Tidbits From TNT” Friday Morning 1-10-2025

TNT:

Tishwash:  Al-Sudani receives a call from the Pope

Prime Minister Mohammed Shia al-Sudani received a phone call today, Thursday, from the Pope of the Vatican, His Holiness Pope Francis, who invited al-Sudani to participate in the World Leaders Summit on Children's Rights, which the Vatican is organizing next February, on the occasion of World Children's Day.

A statement from Al-Sudani's office stated that the latter referred to the close relations between Iraq and the Vatican, the common positions on rejecting conflicts and wars, and strengthening efforts to establish security in the world.

For his part, His Holiness the Pope praised Al-Sudani's efforts to calm the situation and his ongoing dialogue with the countries of the region, in order to reduce tension and end conflicts, which contributes to establishing regional stability and security. link

Tishwash:  Economist: Electronic financial transactions save Iraq from cash shortage

Economic researcher Diaa Abdul Karim said on Thursday that the shift towards electronic financial transactions and generalizing this to all government and private transactions will save the country from a shortage of cash.

Abdul Karim told Al-Maalouma, “Most countries in the world, and Europe in particular, have moved towards electronic financial transactions, such that the culture of dealing with electronic cards in buying and selling in various sectors has been created in society, and even With the decline of its economy, it will not suffer financially because its financial transactions are electronic.”

He added, "These transactions make it unnecessary for governments to print currency continuously, as this process is financially costly. Iraq prints some denominations domestically and other denominations of currency are printed abroad, and printing them costs the financial value of this currency."

He explained that "the move towards electronic transactions requires intensive education in order to withdraw the cash mass from the street and to transform transactions, especially large amounts, through electronic cards. Consequently, the citizen will not be forced to withdraw large amounts from banks in order to buy a property, a car, etc., but will use his card to transfer money to the other party, which ensures the safety of financial transactions and prevents the cash mass from being wasted and taken out of the banking framework.”  link

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Tishwash:  Rashid and Al-Mandlawi confirm coordination to legislate and approve laws that have direct relevance to citizens’ lives

Today, Thursday, the President of the Republic, Abdul Latif Rashid, and the Deputy Speaker of Parliament, Mohsen Al-Mandalawi, confirmed coordination to legislate and approve laws that have a direct impact on the lives of citizens.

Al-Mandalawi's office stated in a statement received by Al-Youm Al-Akhbariya that the latter "met today, Thursday, in Baghdad, with the President of the Republic, Abdul Latif Jamal Rashid, and during the meeting, the latest developments in the political, security and economic situations on the domestic and international arenas were discussed.

" He added that "the meeting discussed ways to expand the frameworks of cooperation and coordination between the Council of Representatives and the Presidency of the Republic in order to legislate and approve laws that have a direct impact on the lives of citizens."

He continued: "The meeting also discussed the efforts made by the government at the service level and the importance of supporting the reconstruction process and rehabilitating and developing the infrastructure in a way that achieves the aspirations of the people for a safe and stable life." link

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Tishwash:  Kurdistan Region President to visit Baghdad next week

Kurdistan Region President Nechirvan Barzani is scheduled to travel to Baghdad next week, an official said.

“Barzani will participate in a meeting of the State Administration Coalition (SAC),” Dilshad Shihab, spokesperson for the Kurdistan Region Presidency, told Shafaq News Agency.

No additional details were provided regarding the visit or the agenda of the coalition meeting.

SAC was established following Muqtada Al-Sadr’s withdrawal from politics, it comprises mainly the Iran-backed Shiite Coordination Framework, the Kurdistan Democratic Party (KDP) led by Masoud Barzani, and the Sovereignty (Al-Siyada) led by Khamis al-Khanjar, along with Taqadum alliance, and the Patriotic Union of Kurdistan.

The coalition outlined goals such as combating corruption, implementing reforms, rebalancing Iraq’s regional and international relations, revising the electoral commission system, and promoting consensus among Iraqi factions.

The Coalition also choose PM Mohammed Shia Al-Sudani for the premiership.  link

Mot: . I Finded it I Did!! -- the Road to da RV!!!!

Mot: Some Day ""Earl"" 

Seeds of Wisdom RV and Economic Updates Thursday Evening 1-9-25

Good Evening Dinar Recaps,

HOW THE BITCOIN FREEDOM ACT COULD SHIELD OKLAHOMANS FROM INFLATION?

In November 2024, the US inflation rate grew sharply from 2.6% to 2.7%. In May 2020, it was just 0.1%. In June 2022, it touched a peak of 9.1%. This inflation pattern has adversely affected the value of the US dollar. Inflation, thus, is something that determines the quality of life a working-class professional leads. Recent developments indicate that US states are keen to protect people from the threat of inflation.

The Bitcoin Freedom Act introduced in the Oklahoma law-making house by Senator Dusty Deevers is the latest example. How much can this law impact the United States society? 

What is the Bitcoin Freedom Act?

The act proposes that Oklahomans should be provided a chance to choose whether they want to receive their wages in Bitcoin or not. It also submits that businesses should be allowed to accept payments in Bitcoin.

Why is the Bitcoin Freedom Act Significant?

At the start of 2024, the US inflation rate stood at just 3.1%. In March, it touched a peak of 3.5%. Though in November it came down to 2.7%, it was far higher than the 1.2% inflation recorded in the same month in 2020.

Growing inflation is one of the most serious threats the US economy is facing right now. Rising inflation means falling purchasing power.

Bitcoin can save people from losing their purchasing power to inflation, as its total supply is fixed, and thus is unaffected by the threat of devaluation unlike traditional currencies.

Oklahoma’s Leadership in Financial Innovation

The introduction of the bill is likely to make a serious impact across the United States. The action has lifted the state to the celebrated position of innovation-friendly economies. It may encourage many to enter the world of financial innovation confidently.

The Future of the Bitcoin Freedom Act

The political stance against the cryptocurrency industry shifted when Republican candidate Donald Trump who projected himself as a pro-crypto candidate, defeated Democratic candidate Kamala Harris who represented a crypto-skeptic regime, in the US presidential election.

In the latest election, the Republican Party received a massive majority in Oklahoma, a US state that has emerged as a stronghold of Republicans, especially since 2011.

The Bitcoin Freedom Act, also known as SB325, is expected to be discussed in the 60th legislative session of the 60th legislature. Reports say that the session will begin on February 3, 2025.

In conclusion, the Bitcoin Freedom Act is more than legislation – it is a step toward financial empowerment and innovation. By embracing Bitcoin, Oklahoma is securing its place in the future of finance.

@ Newshounds News™

Source:  CoinPedia

~~~~~~~~~

BRICS NEWS:  BRICS FAIL TO CHALLENGE US DOLLAR IN 2024: CAN THEY THIS YEAR?

In one of the biggest developments of the last two years, the BRICS bloc has sought to challenge the dominance of the US dollar. Although its de-dollarization process persisted in 2024, the economic alliance has failed to make a significant impact. Now, all eyes are on if it stands a chance in 2025.

According to data from TradingView, a majority of major currencies have fallen against the US dollar. Indeed, the metrics show that the greenback ensured its strength through a resilient American economy. Contrarily, economic activity slowing in China and the Eurozone failed to create an environment for thriving de-dollarization.

US Dollar Ends 2024 Unmoved: Can BRICS De-Dollarization Take Hold This Year?

First created in 2001, the BRICS economic alliance has grown into a legitimate global force. The bloc has continued to expand, although its geopolitical implications have become a point of contention. Amid its increased de-dollarization efforts, the group has proved no match for the strength of the West.

Recent data show that the BRICS collective failed to truly challenge the US dollar in 2024, with its eyes now on succeeding in 2025. Over the course of the last twelve months, the Chinese yuan and Indian rupee both fell 2.8% against the dollar. Additionally, the Russian ruble fell 18.6% against the greenback.

A big reason for the outcome is the United States’ ability to continue its economic recovery. The country’s inflation has fallen from its 40-year high to settle just above the Central Bank’s target. Throughout the last year, it has become one of the best-recovering countries from the 2020 pandemic.

That hasn’t proven true for the rest of the world. Now, all eyes are on the incoming Trump administration. The US President-elect has already issued a stark warning to the BRICS bloc and those seeking to ditch the US dollar. However, his policies could have massive implications. Whether or not the greenback is challenged remains to be seen, but such a challenge would certainly come with a cost.

@ Newshounds News™

Source: Watcher Guru

~~~~~~~~~

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4 Common Fears About Money To Overcome

4 Common Fears About Money To Overcome

Heather Taylor   Tue, January 17, 2023   GOBankingRates

Most people share certain types of financial fears in common. Some will be able to overcome these fears with support, but others will let fear rule the rest of their lives. Leading a life where financial fears take top priority can keep you trapped in an unhealthy financial mindset. It can even lead to losing money throughout your lifetime.

Even if you feel scared to do it, it is possible to break the cycle and develop a healthy financial attitude where money is viewed as a tool that can help, not hinder, you. Here are some of the most common financial fears and what it takes to overcome each one.

Fear of Going Broke

Let’s start with one of the most common financial fears: going broke or even bankrupt.

This is often a learned money belief or habit, said Chloe Elise, certified financial coach and CEO of Deeper Than Money. Typically, the person who holds this fear has observed it from their parents or grandparents.

“They look at money as always being scarce, and they fear they will run out,” Elise said.

While this belief can be extremely difficult to break, the ultimate goal is to view money through an abundance mentality. Elise said some of her clients adopt the mantra “money flows to me” as a way to start welcoming money into their lives.

It takes more than a mantra though! To start welcoming money into your life is to watch your money work for you. Elise’s favorite recommendation for doing this is to keep your emergency fund in a high-yield savings account.

“With total liquidity and no risk, a HYSA is an incredible way to begin to see interest accumulate on your account by doing nothing,” said Elise, who adds that as of right now interest rates are over 3%.

Once you do this, Elise said you can start to look into other investments, like retirement accounts or real estate. This eases the fear of stepping outside of your comfort zone and increases the likelihood you will be rewarded.

Fear of Checking Your Bank Account

Who among us has indulged in an expensive weekend out, or a week-long vacation, and then felt paralyzed with fear about what their bank account will look like in the aftermath of these pending transactions?

Here’s what happens when you don’t check your bank account today. You’re not likely to check it tomorrow or the day after.

“What often happens is we let this feeling of guilt and shame from spending money spiral,” Elise said. Before long a month passes and you start to experience anxiety about facing your finances.

To overcome this fear, Elise recommends planning as much in advance as possible. If you are going on vacation, Elise said you can create a bucket in your savings account specific to the trip.

“Ahead of the trip, you’ve already mentally prepared for that money being spent. It makes it easier to look at your bank account when you already have an idea of what it will look like,” Elise said.

Fear of Feeling Stupid

TO READ MORE: https://finance.yahoo.com/news/4-common-fears-money-overcome-160015068.html?fr=sycsrp_catchall

Evening News with MarkZ and Dr. Scott Young. 01/09/2025

Evening News with MarkZ and Dr. Scott Young. 01/09/2025

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

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

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