9 Unexpected Obstacles To Plan For Before It’s Too Late

Wealth Transfers: 9 Unexpected Obstacles To Plan For Before It’s Too Late

Jordan Rosenfeld  Fri, January 24, 2025  GOBankingRates

If you find yourself in the lucky position of either passing along your wealth to your heirs or receiving a wealth transfer from a relative, this is an exciting thing, but it does come with some legal and financial concerns if not done well.

To save you and your beneficiaries from expensive hassles, experts offered nine obstacles to prepare for and get ahead of to avoid messy court battles or tax implications down the road.

Not Laying Out a Vision

Kevin Landis, a CFP, chartered financial analyst and senior vice president with Wealth Enhancement Group, said there are two main types of wealth transfers for those who are not uber-wealthy. The first is beneficiary wealth, leaving your estate to your beneficiaries, and the second is legacy wealth, setting up something that “goes on in perpetuity” such as a trust. You want to decide what kind of wealth transfer is right for you and your beneficiaries ahead of time.

“The bottom line though is just [creating a] vision of what you’d like to see done with your money,” Landis said.

If you don’t leave instructions for your vision, you not only lose control over how your wealth will be disbursed, but you could leave your heirs with a messy legal process on their hands to figure it out, too.

Not Clarifying Tax-Qualified From Nonqualified Assets

Landis shared that the IRS considers wealth transfers such as IRA and 401(k) accounts as “tax qualified” because they have tax benefits. Nonqualified money includes such things as stocks, bonds, brokerage accounts and certificates of deposit (CD).

“So there’s a 10-year rule now that if the kids receive anything that’s tax-qualified, that money has to come out of that tax preferred environment within 10 years, but they lose up to a third of it in income taxes.”

With preplanning, heirs can create a strategy to offset some of that transferred income with other deductions to minimize taxes, he explained.

Not Getting Things in Writing

It’s not enough to just tell your beneficiaries what you want — it needs to be in writing, just in case anyone else contests the right to your money or assets, Landis said. Not having things in writing can send your estate to probate, a long, expensive and often protracted legal process that can also create bad blood among family members and other beneficiaries.

TO READ MORE:  https://www.yahoo.com/finance/news/wealth-transfers-9-unexpected-obstacles-190015566.html

Prepare for Deflation as Economy Crashes

Prepare for Deflation as Economy Crashes

WTFinance:  1-24-2025

The WTFinance recently had the pleasure of welcoming back Henrik Zeberg, a renowned Macro Economist and Founder and Publisher of the Zeberg Report.

During the conversation, Henrik shared his insights on a range of topics, from the surprising resilience of the economy and the Trump economic boom to the potential for a recession, the role of the FED, and the impact of China on the global economy.

Henrik expressed his surprise at the resilience of the economy, particularly in light of the ongoing trade tensions and geopolitical risks. He noted that the economy has been stronger than expected, but warned that this strength may not last.

Henrik attributed much of the current economic strength to the policies of the Trump Administration, including tax cuts and deregulation. However, he cautioned that this boost may be short-lived and that the economy could face headwinds in the coming months.

Henrik suggested that the FED may be making a mistake by raising interest rates, as this could put a strain on consumers and businesses and potentially trigger a recession. He urged the FED to proceed with caution and to carefully consider the potential consequences of their actions.

Henrik was asked if he sees the West moving towards a China-like deflation scenario. He responded that he does not believe this to be the case, as the economies of the West are fundamentally different from that of China. However, he did note that there are some similarities and that the West should be mindful of the risks of deflation.

Henrik was also asked about the impact of China on Europe. He stated that China’s slowing economy is having a negative effect on Europe, particularly in countries with close economic ties to China. He urged European leaders to be aware of this impact and to take steps to mitigate it.

Henrik described his view of the market as “cautiously optimistic.” He believes that there are opportunities for investors, but that they should be selective and focus on companies with strong fundamentals. He also urged investors to be prepared for volatility and to have a well-diversified portfolio.

Henrik stressed that he does not believe that this time is different and that investors should not be lulled into a false sense of security. He urged them to remember the lessons of the past and to be prepared for potential downturns.

Henrik was asked about the current market narrative. He stated that the narrative is currently focused on the potential for a trade deal between the US and China, as well as the impact of the FED’s actions on the economy. He urged investors to pay attention to these narratives but not to let them drive their investment decisions.

Henrik was asked if he sees crypto diverging from the NASDAQ. He responded that he does see the potential for this, as crypto is becoming increasingly mainstream and is seen by some as a safe haven asset. However, he cautioned that the crypto market is still highly volatile and that investors should approach it with caution.

Henrik was unable to provide a specific answer to this question, as the crypto market is highly unpredictable. He urged investors to do their own research and to make informed decisions based on their own risk tolerance.

The one message that Henrik wanted listeners to take away from the conversation was to be vigilant and to remain aware of the risks and opportunities in the current economic environment. He urged them to stay informed and to make decisions based on sound economic principles and their own risk tolerance.

In conclusion, the conversation with Henrik Zeberg provided valuable insights into the current economic environment and the potential risks and opportunities for investors. By staying informed and vigilant, investors can make informed decisions and position themselves for success in the coming months and years.

https://youtu.be/pvPqHLf1j6s

News, Rumors and Opinions Saturday 1-25-2025

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 Sat. 25 Jan. 2025

Compiled Sat. 25 Jan. 2025 12:01 am EST by Judy Byington

Global Currency Reset Judy Note: Let’s Connect the Dots: (1) Last week JFK Jr. wrote on Telegram that “The first phase of the wealth redistribution will officially commence on Sat. 25 Jan. 2025.” (2) All this week the White House has been lit up either in red, white and blue, or gold.

The 30+1 Primary Provisions of NESARA GESARA: The Ultimate Blueprint for Global Transformation: BOOOOM! NESARA GESARA Implements the Ultimate Global Reset: The Most Complete List of 30+1 Shocking Protocols Ever! – amg-news.com – American Media Group

Debt Forgiveness: Elimination of all bank-related debts (credit cards, mortgages, loans) caused by illigal banking practices. A financial “jubilee” for the people, freeing them from the grip of oppressive financial institutions.

Abolishment of Income Tax: Complete removal of income taxes and taxes on investments and retirement accounts (IRAs, 401ks, etc.) that were unconstitutionally imposed.

Termination of the IRS: The IRS will be permanently shut down, with its employees reassigned to the new Treasury-based tax collection system.

Flat-Rate Sales Tax: Introduction of a 14% flat-rate sales tax on new, non-essential goods (excluding food, medicine, and used items) to fund government operations. A fairer, more transparent tax system.

Boost to Senior Citizens’ Benefits: Increased benefits for senior citizens, ensuring they are well-supported financially in their later years.

Creation of the Rainbow Currency: Introduction of a new U.S. Treasury currency backed by gold, silver, and platinum, ending the current fiat currency system.

Establishment of the U.S. Treasury Reserve Banking System: The Federal Reserve will be phased out, and a new banking system will be implemented in accordance with Constitutional Law.

Re-indexing of Precious Metals: Gold, silver, and other precious metals will be re-indexed within 30 days of NESARA’s completion, stabilizing the economy.

Federal Reserve Phase-Out: The Federal Reserve System will be dissolved over the course of a year, fully transitioning monetary control to the U.S. Treasury.

Restoration of Financial Privacy: Implementation of systems to protect financial privacy, ending widespread data theft and hacking.

Humanitarian Project Funding: Large-scale funding for domestic and global humanitarian projects, allowing for widespread societal improvements.

Ban on Currency and Precious Metals Dealers: The buying and selling of precious metals will be exclusively conducted through the U.S. Treasury Reserve Banking System, eliminating private middlemen.

Citizen Access to Minted Coins: Citizens will be able to convert their gold and silver holdings into U.S. Treasury-approved minted coins.

Daily Precious Metals Index: The U.S. Treasury Reserve will maintain a daily index for precious metals pricing, ensuring transparency and stability in the market.

Restructuring of Social Security: The U.S. Social Security system will be overhauled to ensure long-term sustainability and fairness.

QFS (Quantum Financial System): The majority of NESARA’s exchanges of foreign currency and bonds will be stored securely in blockchain accounts through the Quantum Financial System.

Banking Reform: Banks will face new limits on rates and fees, while citizens gain stronger custody rights over their funds. Banks will be phased out over 3-5 years post-NESARA.

Reclamation of Stolen Assets: NESARA will reclaim assets stolen by corrupt institutions, including the Federal Reserve, Wall Street, and elites, restoring them to the rightful owners.

Restitution for Unconstitutional Acts: Financial reparations will be made for unconstitutional actions such as illigal taxation, unjust loans, and unlawful property seizures.

Redemption of Currencies and Bonds: Individuals will have the opportunity to redeem or exchange their foreign currencies and ZIM bonds at specific rates for personal use and humanitarian projects.

Read full post here:  https://dinarchronicles.com/2025/01/25/restored-republic-via-a-gcr-update-as-of-january-25-2025/

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

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

Jeff   I'm not trying to give you a date...Iraq can only change the their rate on a Sunday.  The rate will change on what is their Sunday morning before or by the time their banks open.  Their banks open Sunday morning 8am their time...Here's the unknown variable in this. Does Iraq need something like a holiday to legitimately suspend or pause their currency auction on a Sunday allowing them to change the rate?  That's a question none of us can answer.  We don't know...

Frank26   IMO the reason why they're using the three zero notes to educate the Iraqi citizens is not just because they will coexist with the new small category notes but they will look exactly like the old notes.  The only difference is the zeros will be gone... The whole thing falls on one thing - the amendment budget readings...If we're waiting for a float or a basket, what is it that's going to give us the float or the basket?  The amendments...If they pass the amendment, all hell is going to break loose but this time in a good way!

A Massive Economic Crisis Is Coming | Alex Newman

Liberty and Finance:  1-24-2025

Alex Newman discusses the Trump administration’s strong stance against international climate agreements and its withdrawal from the WHO, framing these moves as victories for national sovereignty.

He expresses concern over the likely economic catastrophe that could unfold under the new administration, though he stresses it will not be Trump's fault.

 The crisis will stem from long-standing systemic issues, and how the president responds to it will be critical for the future of the economy and the preservation of liberty.

Newman also highlights growing fears of North American integration and critiques the increasing reliance on technological surveillance as a supposed solution to societal issues. He emphasizes the need for state and individual resistance against federal overreach, especially in areas like monetary policy, and stresses that education and faith are central to safeguarding freedom in society.

INTERVIEW TIMELINE:

 0:00 Intro

1:30 The good, the bad, and the ugly

9:30 Big Daddy government

 13:15 Trump & the financial system

https://www.youtube.com/watch?v=CdfwbsMf0m8

Weekend Coffee with MarkZ. 01/25/2025

Weekend Coffee with MarkZ. 01/25/2025

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

Mod: GOOD MORNING ALL! HAPPY SATURDAY! CBD MATT AND LUCAS KICK OFF THE FIRST 45 MINS AND MARK GIVES THE NEWS UPDATE AT 10:30 AM

Member: Morning everyone! Praying this is our weekend!!

Member: OK Mr. Mark... tell the powers that be to get this rv started !! I know you have THE final say in this !! lol

Member: Is that a gold shirt? Did you wake up this morning and say”I’m going to mess with them today”

MZ: Im just practicing wearing gold to be ready for when the big show start…lol

Member: I believe tomorrow is a holiday in Iraq

MZ: Iraq right now is looking at a consumption tax instead of an income tax. To me that looks like Nesara. Looks like other countries also looking to scrap income taxes in favor of a consumption tax.

Member: No Income Tax in Iraq - that's GESARA

MZ: Finally a couple bond contacts have reached out to me ….saying they are “positioned “ for this week to be finished…funding is prepared...This coming week starts tomorrow…. Very positive to hear…. But there are still a couple expecting things the first week in Feb.

Member: So are we waiting until mid Feb now?

MZ: I don’t think so…..I believe we may be done by that time

Member: So what’s the hold up on the bonds?

MZ: I don’t think there is a hold up….I believe they did not feel comfortable moving the trillions of dollars until Trump took the oath of office last Monday. Now they have kicked in to moving all those funds and making sure everything is secure and will be going where it is supposed to. While they have tested the system greatly, this is the first time it will be used at full volume. Groups, group leaders and bankers tell me it all went off of “stuck” last Monday.

MZ: Also Groups are expecting funding within days .

MZ: Wealth management/redemption center folks are “on call” this weekend. But, they are being told to expect a couple of long weekends in the very near future. They were specifically told to expect to work next weekend and the next few weekends after that….and to enjoy this last weekend “on call “ because they are about to work a lot. .

Member: MarkZ, President Trump reportedly in Reno last night and Iraq having a Holiday tomorrow, possibly significant???

MZ: From Iraq: “Hanan Fatlawi calls on Parliament to pass the budget amendment as quickly as the three laws were passed”  This level headed lady is skyrocketing in Iraqi politics. There is a big push to get this budget stuff squared away. I believe Parliament reconvenes in a couple days to vote on the budget.

Member: Talking to a guy from Iraq at bank other day . He said country is looking good . There gearing up for visitors . He was trying to talk me and others to go there on vacation.

Member: Do you think the Iraq dinar RV at a high rate, or will it come out low and then rise later?

Member: We all want to know that answer. Might just have to wait for our exchange?

Member: I've been told by the platform that the new treasury is in place, now hoping for funds to be released tonight. Hope it’s true.

Member: Our local credit union has been closed the past 2 Wed. for retraining. Went inside to make a deposit and mentioned about the closing and the teller just smiled and said Big Changes are coming.soon.

Member: Chinese New Year starts on Wednesday the 29th…. RV starting gun a good date?

Member: today planetary parade 1st time in 3.5 billion yrs...everything is aligned for the shift

Mod: SEE YOU ALL BACK ON MONDAY! HAVE AN  AWESOME WEEKEND

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

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

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

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

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

THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Youtube:     https://www.youtube.com/watch?v=yLCL1EERqis

Iraq Economic News and Points to Ponder Saturday AM 1-25-25

An Economist Shows The Monthly Government Spending And Its Impact On The Rise Of The Dollar

Friday 24 January 2025 18:48 | Economic Number of readings: 137   Baghdad / NINA / Economic expert Manar Al-Obaidi revealed today, Friday: "The average monthly spending of the Iraqi government in 2024 amounted to about 12 trillion dinars," noting that: "Adding the loans and advances obtained by government agencies and ministries, which are estimated at about 2 trillion dinars per month, raises the total government spending to 14 trillion dinars per month."

Al-Obaidi said in a statement: "The government sector usually works for 20 days a month, which means that the daily spending rate is about 700 billion Iraqi dinars," noting that "to cover this level of spending, the Ministry of Finance needs to sell at least $ 400 million per day to the Central Bank, so that the latter can provide the cash needed to cover government expenditures."

He pointed out: "The Central Bank cannot provide the Iraqi dinar needed by the Ministry of Finance, except by selling its equivalent in dollars."

The economic expert explained: "The dollar sales by the Central Bank are directly linked to the increase in the size of government spending," indicating that: "The more spending, the more the Central Bank needs to sell larger quantities of dollars."

He added: "If this trend continues, we may reach a stage where the market witnesses daily sales ranging between 400 and 500 million dollars through the various mechanisms adopted by the Central Bank," warning that this reflects the direct impact of the rise in public expenditures on the currency market." / End8    https://ninanews.com/Website/News/Details?Key=1181860

Hanan Al-Fatlawi Calls On Parliament To Pass The Budget Amendment As Quickly As The “Three Laws” Were Approved

Friday 24 January 2025 | Politics Number of readings: 103   Baghdad / NINA / The head of the / Will / bloc, MP Hanan Al-Fatlawi, called on the House of Representatives to pass the amendment to the three-year budget law with the same speed with which it passed the three laws.

Al-Fatlawi said in a post on the / X / platform: "I call on the House of Representatives to pass the budget amendment with the same speed with which it passed the three laws within seconds."

She added: "Keeping the budget unamended means that the government will continue to pay one trillion dinars per month in salaries to the region, while companies in the region continue to produce 320 thousand barrels per day (870 billion dinars per month) that are smuggled outside Iraq and sold at low prices, much lower than SOMO prices, in addition to Turkey demanding a fine of $ 24 million per month for not exporting oil through the Iraqi pipeline extending to Ceyhan."

Last Tuesday, the House of Representatives voted on the three controversial laws (amending the Personal Status Law, amending the General Amnesty Law, and the Law on Returning Seized Lands to Their Owners) using the “one-basket” method, which sparked protests and objections from many representatives and political blocs, and resorted to challenging the legality of the vote, considering that the necessary quorum was not completed. https://ninanews.com/Website/News/Details?key=1181868

Prices Fall Below $80

Buratha News Agency 13420  25-01-24  Iraqi oil prices fell during the opening of trading today, Friday (January 24, 2025), below $80 per barrel for the first time in more than two weeks in the global market.

According to data, Basra Heavy crude recorded $76.59 per barrel, while the average recorded $79.85 per barrel, with a change of -0.35, respectively, for March 2025 delivery.

The data also showed a decline in global crude prices, with British Brent crude recording $78.26, while US West Texas Intermediate crude recorded $74.59 per barrel, with a change of -0.03 for both.
https://burathanews.com/arabic/economic/455515

Oil Falls As Trump Pressures For More Supplies, Lower Prices

Economy  | 01/24/2025   Mawazine News – Baghdad  Oil markets fell on Friday, a day after US President Donald Trump urged OPEC and its de facto leader Saudi Arabia to lower prices in a broad effort to boost crude output.

Brent crude futures were down 50 cents at $77.95 a barrel by 0044 GMT. U.S. West Texas Intermediate (WTI) crude was down 31 cents at $74.31. Trump said in a speech on Thursday at the World Economic Forum in Davos, Switzerland, that he would ask OPEC to lower the cost of a barrel of crude. He said he would ask Riyadh to increase its investment package in the United States to $1 trillion, up from $600 billion reported by the Saudi state news agency earlier in the day.

Analysts said uncertainty over Trump’s tariff policies and the possibility that the new president would push for higher U.S. oil production also weighed on crude futures.

But to prevent further declines, U.S. crude inventories fell last week to their lowest since March 2022, data from the U.S. Energy Information Administration showed.   https://www.mawazin.net/Details.aspx?jimare=258939

Saleh: Serious Government Move To Stimulate The Insurance Sector In Iraq

Local | 12:57 - 01/24/2025   Mawazine News – Baghdad The Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Salih, confirmed today, Friday, that there is a serious government trend to activate the insurance sector in Iraq.

Salih said: "Activating the insurance sector in Iraq and addressing the absence of insurance culture as a means of financial protection requires considering several intertwined factors, some of which relate to the movement of the overall economy, and others to the societal culture,

including reviewing existing legislation, including, for example, the importance of providing tax incentives for companies and individuals who choose insurance and supporting small and medium-sized companies to provide innovative insurance products that meet market needs.

" He added, "Based on that, I find it important to design insurance products that suit different categories, such as agricultural insurance and disaster insurance, and to inform citizens that there is mandatory insurance for car accidents, as there is an approved mechanism in this regard that not many people know about, and it is part of the absent societal culture towards mandatory insurance in the country,"

indicating that "citizens' confidence in non-banking financial institutions must be enhanced, including insurance activity in particular, which is reflected in the development of the insurance sector as a whole and its interconnections in the entire national economy."

He added that "the disparity in purchasing power of many segments of society makes them focus on basic needs instead of future financial planning, and for inherited reasons as well due to years of wars, conflicts, and social and economic changes that have affected society."

He pointed out that "the decline in insurance culture is the main factor in the lack of development of this vital sector due to the lack of knowledge of the benefits of insurance and its importance as a means of financial protection, as families, communities, and clans are often relied upon to confront risks instead of resorting to appropriate insurance solutions guaranteed by law."

He stressed "the need to build integrated awareness programs targeting youth and various business sectors and improve the level of services in a way that enhances trust between customers and insurance companies, in addition to increasing the number of options provided by current insurance companies and activating the use of digital technology to improve the customer experience in terms of easy access to insurance services,"

noting "the importance of promoting partnership between the state and the private sector in the scope of life insurance, its services, and its institutions, and I find that it represents the second phase of the financial and economic reform undertaken by the government program."

He pointed out that "there is a serious government trend towards activating the insurance sector as it is the financial guarantor of the individual's and society's life, due to its significant positive impact on the national economy in general and the development of the financial market in particular by reducing risks and enhancing financial stability in the country."https://www.mawazin.net/Details.aspx?jimare=258947

President Of The Republic Reviews Iraq's Long-Term Economic Development Plan In Davos

Politics | 01/24/2025  Mawazine News – Baghdad  President of the Republic Abdul Latif Jamal Rashid reviewed, on Friday, the main points of Iraq's plan for a long-term economic development strategy at the Davos Conference Center.

A statement by the Presidency of the Republic received by "Mawazine News" stated that "President of the Republic Abdul Latif Jamal Rashid participated in a dialogue session entitled (Towards a more stable land through land reclamation) at the Davos Conference Center."

The statement added that "during the session, which was attended by the Under-Secretary-General of the United Nations and Executive Secretary of the United Nations Convention to Combat Desertification Ibrahim Thiaw, the South African Minister of Agriculture Gwen Steenhuizen, the Executive Director of the Consultative Group on International Agricultural Research Asmahan Al-Wafi, the Executive Director and CEO of New Aero Farms Molly Montgomery, and the Deputy Prime Minister of Mongolia Togmeddin Dorjkhand, the President delivered a speech in which he emphasized his experience as an engineer specializing in water management with decades of experience, and he has devoted a large part of his career to addressing water scarcity issues and developing sustainable land use methods."

In his speech, the President explained the pressures that Iraq is facing due to climate change, water scarcity and desertification, stressing that "Iraq does not stand idly by in the face of these challenges, but has taken decisive and tangible steps to confront them through effective policies aimed at achieving sustainable development."

The statement continued, "The President reviewed the main points of Iraq's plan for a long-term economic development strategy, especially in the areas of agriculture, energy and water security," noting that "Iraq is currently participating in ongoing negotiations with neighboring countries such as Turkey and Iran, with the aim of concluding fair agreements to share the waters of the Tigris and Euphrates rivers,"

indicating that "these negotiations represent a strategic priority for the future of our region, in addition to its work at the international level with specialized international organizations to adopt agricultural practices that are resistant to climate change and ensure access to the necessary funding and expertise to achieve success."

The statement continued, "The session was attended by Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein, Chairman of the Advisory and Experts Authority in the Presidency of the Republic Ali Al-Shukri, and the Iraqi Ambassador to the Swiss Confederation Mohammed Al-Dabbagh."
Here is the text of the speech:

“I am pleased to be with you today at this important meeting. As a water management engineer with decades of experience, I have devoted a large part of my career to addressing water scarcity issues and developing sustainable land use methods.

These challenges are not new to me, nor are they merely theoretical issues; they are urgent realities that require us to act quickly. I am pleased to share with you today Iraq’s strategies to address these issues effectively and directly.

Today’s session, entitled “Towards A More Stable Land Through Land Reclamation,” focuses on a critical global challenge: land degradation.

40% of the world’s land has lost its fertility, threatening the stability of our economic and social environments. This phenomenon has caused a decline in agricultural productivity, pollution of waterways, and increasing and accelerating drought, putting economies and livelihoods around the world at risk.

Iraq is no exception to these challenges. About 39% of our land is exposed to desertification, at a time when our water resources, which are the basis of agriculture and livelihoods, are under increasing pressure.

The situation is exacerbated by climate change, rising temperatures, and declining water flows from rivers coming from neighboring countries.

However, Iraq is not standing idly by in the face of these challenges. We are taking decisive and tangible steps to confront them, through effective policies aimed at achieving sustainable development.
Let me review with you some of the main initiatives that we have begun to implement:

* The first and most important step is to improve the management of our existing water resources, by enhancing water use efficiency, developing modern irrigation systems, and collecting rainwater to use it for irrigating land.

* A ten-year federal national program to combat desertification: This program focuses on reforestation, soil conservation, and adopting sustainable agricultural methods.

* Expanding green belt projects: We are in the process of establishing buffer zones around our cities, to reduce the risk of desert encroachment by using local plants that are drought tolerant.

These efforts are an integral part of Iraq’s long-term economic development strategy, particularly in the areas of agriculture, energy and water security.

Sustainable development is the real guarantee of balanced growth that preserves the health of our environment for future generations.

As part of our quest for sustainable development, we are shifting towards renewable energy. We are also working to promote climate-smart agriculture, diversify crops, encourage organic and regenerative agriculture, and tighten legal regulations for sustainable land use practices.
Addressing our water challenges requires cross-border cooperation.

Iraq is currently engaged in ongoing negotiations with neighboring countries such as Turkey and Iran to conclude fair agreements for sharing the waters of the Tigris and Euphrates rivers. These negotiations represent a strategic priority for the future of our region.

Iraq is working internationally, alongside global organizations such as the United Nations Convention to Combat Desertification, the Food and Agriculture Organization (FAO), the World Food Programme (WFP), and the World Bank, to adopt climate-resilient agricultural practices and ensure access to the financing and expertise necessary for success.

In conclusion, we know that sustainable solutions can only be achieved through effective local action and community engagement, which is the foundation of our strategy to address challenges.

Ladies and gentlemen,
land reclamation is not just an environmental imperative, it is a moral responsibility towards future generations.

It is about protecting livelihoods, preserving ecosystems and ensuring a sustainable future for us and our children.  Iraq is committed to this mission and I look forward to working with all of you to achieve these common goals. Thank you."   https://www.mawazin.net/Details.aspx?jimare=258960

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 1-25-25

Good Morning Dinar Recaps,

SATOSHI'S BITCOIN: RIPPLE CTO SHARES KEY XRP, BTC INSIGHT

In a recent discussion about the circulating supply of XRP, Ripple CTO David Schwartz draws parallels with Bitcoin and the coins attributed to its mysterious creator, Satoshi Nakamoto. His remarks highlighted the complexity of defining what constitutes "circulating supply" in the crypto landscape.

An X user had drawn attention to the disparity in XRP's circulating supply reported by the crypto ranking platform CoinMarketCap and popular XRP explorer XRPScan.

CoinMarketCap reports XRP's current circulating supply as 57.64 billion XRP, while according to a screenshot shared by the X user, XRPScan reported 62.23 billion XRP. 

Addressing this speculation, Schwartz explained, "How you measure circulating supply depends on what you consider to be circulating and what you don’t consider to be circulating." He continued, "For a Bitcoin analogy, are Satoshi’s bitcoins circulating? Reasonable people can even disagree on which bitcoins are Satoshi’s." 

Satoshi owned Bitcoin in spotlight 

The analogy made by the Ripple CTO is particularly relevant given that Satoshi Nakamoto is believed to own over 1 million BTC, which have remained untouched since Bitcoin’s early days. 

While these coins technically exist on the blockchain, many in the crypto community believe they are essentially out of circulation due to their inactivity. 

According to CoinMarketCap, Bitcoin's total and circulating supply is presently 19.81 million BTC, with a maximum supply of 21 million BTC. Ripple's XRP holdings are divided into two categories: XRP that is currently available in its wallets, and XRP subject to on-ledger escrow lockups that will be released monthly over the next 42 months. 

For this latter category, Ripple does not have access to this XRP until the escrow releases it to them monthly. Every month, the remaining XRP released is returned to the escrow account.

@ Newshounds News™

Source:  U Today

~~~~~~~~~

BRICS: IS THE ALLIANCE COMMON CURRENCY PLAN OFFICIALLY OVER?

For the last several months, the BRICS economic alliance has drawn the ire of the United States due to its plan to create a common currency. Indeed, newly elected president Donald Trump has threatened 100% tariffs on nations within the bloc that are seeking to ditch the US dollar.

However, recent months have seen the bloc speak up about the plan and its place in the group’s operations. Those statements have started to place doubt on whether the initiative is even moving forward with the collective. So, is the BRICS Common Currency Plan officially over? Here’s what the alliance has said.

BRICS Speaks on Common Currency Plan: Is It Moving Forward?

For much of the last two years, the BRICS alliance has sought to engage in widespread de-dollarization efforts. With increased sanctions coming from the West, the bloc has sought to lessen its reliance on the currency and promote its own local alternatives within trade. Specifically, this took place through the creation of their own BRICS Pay system that has made major strides since 2024.

Somewhere along the line, the alliance discussed the creation of its own currency to rival the dollar. That seemed to be the final straw, as it drove increased opposition from the West.

With 100% tariff threats being shared, the BRICS common currency plan may have been ceased by the bloc. At least, that is how it seems based on recent statements.

Firstly, officials from South Africa quickly dispelled rumors of an imminent BRICS currency. They noted, according to a recent report, that their focus remained on increasing trade with local currencies. Additionally, they noted that such action only increased the financial stability of the alliance itself.

Finance Minister Enoch Godongwana emphasized that back in September, he noted that the bloc has yet to decide on the implementation of a digital currency that would be created under the umbrella of the BRICS alliance.

However, the Department of International Relations and Cooperation clarified the purpose of this was not “de-dollarization.” Instead, on strengthening banking network and alliance infrastructure

Finally, India has also spoken out about the process. Reserve Bank of India Governor Shaktikanta Das noted that the currency plan remained nothing more than an idea presented by a single member.

“BRICS Currency was an idea raised by one of the members and was discussed, but no decision has been made,” Das noted. It is likely Russia was behind the idea. The pressure of ongoing sanctions has had Moscow leading the bloc’s de-dollarization charge for much of the last year.

@ Newshounds News™

Source: Watcher Guru

~~~~~~~~~

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“Tidbits From TNT” Saturday Morning 1-25-2025

TNT:

Tishwash:  Halliburton to Develop 2 Oil Fields in Iraq

The Iraqi Cabinet has approved a Heads of Agreement (HOA) with US-based Halliburton for the development of the Nahr Bin Omar [Nahr Bin Umar, Nahr Ben Umar] and Sindbad oil fields in Basra.

According to a statement from the Media Office of the Prime Minister, the project will employ Integrated Field Management Services (IFMS) and the EPCM model, aligning with national efforts and licensing round frameworks.

The South Gas Company (SGC) and Halfaya Gas Company (HGC) signed a contract for the development and processing of gas from the Nahr Bin Umar last year, while China's United Energy Group (UEG) was awarded the contract for Sindbad in 2018.

 (Source: Media Office of the Prime Minister)  link

Tishwash:  Will spending be disrupted by delaying the budget amendment? A government advisor explains

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained the disbursement mechanism in the event that the amendment to the financial budget law is not approved.

Saleh told Al Furat News Agency: "There is a legal rule that stipulates that the special law restricts the general law, and since the Federal General Budget Law No. 13 of 2023 is the basis for legislation for the state budget for the year 2025 within the scope of the federal general budget legislation and is specialized for three years, there is no other text that adds to the suspension of work on it."

He added, "I also do not see that one article, which is 77/second, related to submitting tables related to estimates for implementing the 2025 budget and according to the required adjustments, will restrict work in implementing the general budget originally legislated in 2023 and resorting to Law No. 6 of 2019, as amended, and we mean the Federal Financial Management Law.

" Saleh continued, "Despite that, we do not see anything that hinders the submission of the state's general budget tables for the year 2025, as the financial authority has the ability and sufficient tools to submit them in the appropriate coming period and according to a broad technical consultation circle between the executive and legislative authorities and in a manner that serves the national interest of the country and the government program."

Saleh said that "government spending is proceeding normally, in addition to public revenues, and there is nothing restricting the elements of implementing the general budget, except for the amendment currently before the House of Representatives."  link

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

Tishwash:  President of the Republic reviews Iraq's long-term economic development plan in Davos

President Abdul Latif Jamal Rashid reviewed, on Friday, the main points of Iraq's plan for a long-term economic development strategy at the Davos Conference Center.

A statement by the Presidency of the Republic received by "Mawazine News" stated that "President Abdul Latif Jamal Rashid participated in a dialogue session entitled (Towards a more stable land through land reclamation) at the Davos Conference Center."

The statement added that "during the session, which was attended by the Under-Secretary-General of the United Nations and Executive Secretary of the United Nations Convention to Combat Desertification Ibrahim Thiaw, the South African Minister of Agriculture Gwen Steenhuizen, the Executive Director of the Consultative Group on International Agricultural Research Asmahan Al-Wafi, the Executive Director and CEO of New Aero Farms Molly Montgomery, and the Deputy Prime Minister of Mongolia Togmeddin Dorjkhand,

The President delivered a speech in which he emphasized his experience as an engineer specializing in water management with decades of experience, and he has devoted a large part of his career to addressing water scarcity issues and developing sustainable land use methods."

In his speech, the President explained the pressures that Iraq is facing due to climate change, water scarcity and desertification, stressing that "Iraq does not stand idly by in the face of these challenges, but has taken decisive and tangible steps to confront them through effective policies aimed at achieving sustainable development."

The statement continued, "The President reviewed the main points of Iraq's plan for a long-term economic development strategy, especially in the areas of agriculture, energy and water security," noting that "Iraq is currently participating in ongoing negotiations with neighboring countries such as Turkey and Iran, with the aim of concluding fair agreements to share the waters of the Tigris and Euphrates rivers," indicating that "these negotiations represent a strategic priority for the future of our region, in addition to its work at the international level with specialized international organizations to adopt agricultural practices that are resistant to climate change and ensure access to the necessary funding and expertise to achieve success."

The statement continued, "The session was attended by Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein, Chairman of the Advisory and Experts Authority in the Presidency of the Republic Ali Al-Shukri, and the Iraqi Ambassador to the Swiss Confederation Mohammed Al-Dabbagh."

Here is the text of the speech:
“I am pleased to be with you today at this important meeting. As a water management engineer with decades of experience, I have devoted a large part of my career to addressing water scarcity issues and developing sustainable land use methods.

These challenges are not new to me, nor are they merely theoretical issues; they are urgent realities that require us to act quickly. I am pleased to share with you today Iraq’s strategies to address these issues effectively and directly.

Today’s session, entitled “Towards a more stable land through land reclamation,” focuses on a critical global challenge: land degradation.

40% of the world’s land has lost its fertility, threatening the stability of our economic and social environments. This phenomenon has caused a decline in agricultural productivity, pollution of waterways, and increasing and accelerating drought, putting economies and livelihoods around the world at risk.

Iraq is no exception to these challenges. About 39% of our land is exposed to desertification, at a time when our water resources, which are the basis of agriculture and livelihoods, are under increasing pressure.

The situation is exacerbated by climate change, rising temperatures, and declining water flows from rivers coming from neighboring countries.

However, Iraq is not standing idly by in the face of these challenges. We are taking decisive and tangible steps to confront them, through effective policies aimed at achieving sustainable development.
Let me review with you some of the main initiatives that we have begun to implement:
* The first and most important step is to improve the management of our existing water resources, by enhancing water use efficiency, developing modern irrigation systems, and collecting rainwater to use it for irrigating land.
* A ten-year federal national program to combat desertification: This program focuses on reforestation, soil conservation, and adopting sustainable agricultural methods.

* Expanding green belt projects: We are in the process of establishing buffer zones around our cities, to reduce the risk of desert encroachment by using local plants that are drought tolerant.
These efforts are an integral part of Iraq’s long-term economic development strategy, particularly in the areas of agriculture, energy and water security.

Sustainable development is the real guarantee of balanced growth that preserves the health of our environment for future generations.

As part of our quest for sustainable development, we are shifting towards renewable energy. We are also working to promote climate-smart agriculture, diversify crops, encourage organic and regenerative agriculture, and tighten legal regulations for sustainable land use practices.

Addressing our water challenges requires cross-border cooperation.
Iraq is currently engaged in ongoing negotiations with neighboring countries such as Turkey and Iran to conclude fair agreements for sharing the waters of the Tigris and Euphrates rivers. These negotiations represent a strategic priority for the future of our region.

 Iraq is working internationally, alongside global organizations such as the United Nations Convention to Combat Desertification, the Food and Agriculture Organization (FAO), the World Food Programme (WFP), and the World Bank, to adopt climate-resilient agricultural practices and ensure access to the financing and expertise necessary for success.
In conclusion, we know that sustainable solutions can only be achieved through effective local action and community engagement, which is the foundation of our strategy to address challenges.

Ladies and gentlemen,
land reclamation is not just an environmental imperative, it is a moral responsibility towards future generations.
It is about protecting livelihoods, preserving ecosystems and ensuring a sustainable future for us and our children.
Iraq is committed to this mission and I look forward to working with all of you to achieve these common goals. Thank you." link

Mot: ... for my next prediction: 

Mot: Such a cutie

MilitiaMan & Crew Iraq Dinar News-2024 Digital Compact-WEF Security & Stability-Development-National Card in USA-

MilitiaMan & Crew Iraq Dinar News-2024 Digital Compact-WEF Security & Stability-Development-National Card in USA-

1-24-2025

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=zFeBImnC1Q0

FRANK26…..1-24-25……BUDGET SCHEDULES

KTFA

Friday Night Conference Call

FRANK26…..1-24-25……BUDGET SCHEDULES

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

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

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

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

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

https://www.youtube.com/watch?v=A2N6w070wz0

Bruce’s Big Call Dinar Intel Thursday Night 1-23-25

Bruce’s Big Call Dinar Intel Thursday Night 1-23-25 

Transcribed By WiserNow Emailed To Recaps

You welcome everybody to the big call tonight. It is Thursday, January 23rd  and you're listening to the big call all over the globe, with the help of the satellite team, they've connected us as always, to the star Link satellite system, and we are being beamed around the globe as we speak to as many as 200 countries in their own language. Some are getting it in English. Some are getting it in their own language. Three seconds after I say it, they receive it, which is pretty cool. I love it. Thank you. Sat Team for doing that. Let’s do this, let's pray the call in like we do every Tuesday and Thursday night, and then we'll, we'll just enjoy the time and the call together

All right. Thank you, Bob, that was really important. Very good. And let's it's quarter after a little after now. So let's get into the Intel and see where we are.

All right. Now,I did guess just get a little bit an update. While Sue was in her segment, and I stepped away and came back to the call.  But here's what is going on. We have been looking to be notified since Tuesday, and it's already Thursday night. We have not been notified yet, the snow and the icy roads in the South were a little bit of a factor, but not as much today as they were yesterday.

You know, 13 and a half inches in Charmat, Louisiana. You know, 10 inches in Milton, Florida. We're on exit six or exit eight, something like that. On Interstate 10, we look I 95 through South Carolina -- Only one lane was open, one lane going north, one lane going south.

Today, this afternoon, we had enough melting where now I 95 is open. So you know, it's, I don't know how much the weather was good to push on this – But we did find out today that there was an issue with three countries, Germany, South Korea, and  let's see what was it one of the African nations, and I'll think of it in a minute -  And so these three were trying to connect to the Starlink satellite system.

They had some connectivity issues, but the main problem was they needed verification of their inground assets, their in ground assets. You say, what is that? What does that mean in ground if there were a country that was that had oil, natural gas, that might have precious metals underground, that might have both, could have silver, could have any could have jewels, diamonds, rubies, sapphires, all of that, all of those things that are in the ground that can be mined or brought up, like oil, that is considered an asset.

 And the reason that's important is these countries, currency values are determined by the in ground assets, plus the assets that are above ground, okay, their supply of gold that they might have, or whatever. And it's just, it's just the getting the combination and the total of those assets.

Look for the United States. We've got a lot of gold, believe it on we repatriated the gold that was underneath the Vatican for 300 miles that went to the proper countries, including the US, you know, but these three countries were slow, and they basically were givenan ultimatum today.

Listen, we need the verification of these in ground assets, or you're out of the loop. We're going to go around you, and you won't be able to take part in the revaluation or in the exchanges. Well, guess what? All three countries got their act together and were able to get connected through the Starlink satellite system and get that information out to our treasury and make sure that we have the information needed. Okay, so that's really important.

So that looks like it took care of itself somewhere around 1:00 or 130 Eastern this afternoon. That was no longer an issue, no longer a problem. So then we heard, okay, that's good. And then we heard from one of the international banks that in an email to their banks, to their redemption centers, they said, prepare for Thursday and Friday. No check that. Sorry.

Prepare for Friday and Saturday, the 24th and 25th to be Gangbuster days. Gangbuster days and so then you will be talking to the redemption center people, and you will be very busy on those days. Okay, that's good. That's really good. We took that to mean that bond holders should be notified sometime tomorrow.

And  I think the fines and penalties and all of that adjudicated settlements and farm claims, ranch claims, and Indian claims, all of that that doesn't go out tonight to them. It should be tomorrow. They get that. And then, of course, that includes CMKX. These are what we call the intermediaries, okay, bond holders are next - And then we in tier four, A and B, which is admiral’s group, and us in the internet group would go next. So I believe what  I just mentioned this now will all take place tomorrow.

However, the latest piece of Intel says that the takeoff day for all of this is going to be Saturday. So we might see some activity -  I think I don't remember to see our numbers tomorrow. One source said, Yes, tomorrow for us, the latest piece we just got -  which was from the person in the treasury that was put  in charge of appointing the pay masters for these groups in Reno, that person said, everything will be taking off for all of us on Saturday.

Now let's say that happens, we get our numbers, and hopefully it's before lunchtime. Let's say it's anytime before maybe we get that. We could roll some exchanges on Saturday and then Sunday is another exchange day, Monday, Tuesday, Wednesdays, etc. So that is the plan, as it is now. I would love to say it's absolutely for tomorrow for us, but it is not for us in our group the internet group in 4b it looks like Saturday, so that is where we stand right now.

Not a whole lot else to add for that, except the information said that we'll be very excited about the rates. I think the rates are going to go higher, especially on Dong and are, and we know that they are contract on dinar, which tied to the per barrel price of oil, which is was in the low 80s. That's per dinar, by the way, and so that’s the  latest we have on that.

And of course, the Zim it'll go only at the redemption center for the redemption of it, and the contract rate is only available at the redemption center. So we need a call and set an appointment. And the absolute maximum appointment time has been set at 45 minutes.

So the ones 30 minutes to 40 maximum 45 if you've got a box or two of bonds, let them know, because you might need a double appointment to handle those bonds. You might, I don't think you've got a lot of currency and you also have bonds.

 Man, I don't see how you can get it done in 45 minutes. I just don't know. I know they go super fast on the Delarue machine, and can crank it out and get that done. But even setting up an account, setting up your quantum account, all of that, it takes a little time, and I know it's going to go fast, guys, don't go really going to be the fastest 40 or 45 minutes of your life, probably. And have fun with it. Just enjoy it. Pay attention, and you'll be fine.

Your NDA would last a minimum of 30 days, and then it could last as long as six months, depending on how they read you. If they read you as sharp, intelligent, going to keep your mouth quiet. Keep your you know, keep it quiet. Keep your mouth closed. You know, you might end up with just 30 days.

Look like you might be able to do that. Then they might extend it. And you could go two months, three months, even six months under an NDA undisclosed.

So let's see if there's anything else that I can think of right now.

Yeah, I think, really, what we're looking at is getting this thing started this week  -- Med Beds are coming very quickly, even to the public. They moved it up. They moved the public notification of Med Beds up to Monday or Tuesday, 27 through 28 but it is based on dire need for the public, for us in 4B it based more on Zim holders and dire need the first priority into the Med Beds -  okay, and the public that doesn't have any zim, it's going to be based on dire need, and that's still okay. That's it. That's what we're looking at.

And I think that everything is starting to come out in the way of some disclosure. Of course, the meds be a big thing for disclosure next, early next week, but even today, with the executive order that President Trump signed to declassify the the assassination of John F Kennedy June, John F Kennedy and his brother Robert Kennedy and Martin Luther King Jr, has been put into it with declassified status, which should take up to 15 days for that to go through to the proper people, and then we should get disclosed maybe sooner than 15 days, but that's what's in the exit board.

 So we'll see what happens on that. But I think we're going to see the start here of some really interesting disclosure events, wait till they deal with what happened on 9 /11 in New York. Yeah, that I don't know when that's coming out, but we'll see

Otherwise. Yeah, I think we're just really ready to go. And this is good. We should be excited.

It's really going to be exciting. You guys know why I'm excited about it, so let's think if there's anything else, nothing else the timeline looks like tomorrow for bond holders and the intermediaries. For us, it looks like notifications and set appointments and start exchangesand  go right through and do something and so on. So that's right now we have, let's go ahead Okay, let's do this. Let's pray the  call out, and then we'll take it from there.. Alright everybody, have a great weekend.

Bruce’s Big Call Dinar Intel Thursday Night 1-23-25 REPLAY LINK   Intel begins   1:17:45

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Bruce’s Big Call Dinar Intel Thursday Night 1-16-25 REPLAY LINK   Intel begins   1:18:58

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Bruce’s Big Call Dinar Intel Tuesday Night 1-14-25 REPLAY LINK   Intel Begins  1:03:43

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Bruce’s Big Call Dinar Intel Thursday Night 1-2-25 REPLAY LINK   Intel begins   1:14:54

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Bruce’s Big Call Dinar Intel Tuesday Night 12-31-24 REPLAY LINK   Intel Begins  54:44

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Bruce’s Big Call Dinar Intel Thursday Night 12-26-24 REPLAY LINK   Intel begins   1:07:27

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Bruce’s Big Call Dinar Intel Tuesday Night 12-24-24 REPLAY LINK  NO CALL

Bruce’s Big Call Dinar Intel Thursday Night 12-19-24 REPLAY LINK   NO TRANSCRIPTION

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Bruce’s Big Call Dinar Intel Tuesday Night 12-17-24 REPLAY LINK  Intel Begins 1:03:33

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Bruce’s Big Call Dinar Intel Thursday Night 12-12-24 REPLAY LINK   Intel begins   56:16

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Seeds of Wisdom RV and Economic Updates Friday Afternoon 1-24-25

Good Afternoon Dinar Recaps,

RIPPLE CEO SPARKS SPECULATION OVER XRP IN US STRATEGIC RESERVE

▪️President Trump signed an executive order creating the Presidential Working Group on Digital Asset Markets, led by venture capitalist David Sacks, to explore the establishment of a strategic national digital assets stockpile.

▪️While many anticipated that the national reserve would primarily consist of Bitcoin, discussions about including Ripple have surfaced, sparking mixed reactions within the crypto community.

Just three days into his presidency, President Donald Trump signed an executive order on Thursday to explore creating a national digital asset stockpile. 

While many Bitcoin advocates had hoped for swift action to establish a Bitcoin-only reserve, the order instead focused on the feasibility of a broader national reserve of digital assets.

The executive order also established a Presidential Working Group on Digital Asset Markets, led by venture capitalist David Sacks. The group includes high-profile officials, such as the Treasury Secretary, the Attorney General, and the head of the Securities and Exchange Commission (SEC).

 Their mission is to craft a comprehensive federal strategy for regulating cryptocurrencies and stablecoins, laying the groundwork for the U.S. government’s approach to digital finance.

Currently, the U.S. government holds $21 billion worth of crypto assets, primarily Bitcoin. This includes 69,370 bitcoins, set to be auctioned by the U.S. Marshals at the end of 2024. However, discussions about diversifying the reserve to include additional cryptocurrencies have ignited debates within the crypto community.

Ripple Pushes for Inclusion in the Reserve

Reports suggest the Trump administration may prioritize U.S.-founded crypto assets like Ripple (XRP), Solana (SOL), and USDC for the proposed reserve.

 Ripple’s $5 million donation to Trump’s inauguration and ongoing dialogue with policymakers have added to speculation about the company’s influence on the administration’s crypto policies.

Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty have reportedly met with President Trump and his advisors to advocate for XRP’s inclusion in the reserve.

Garlinghouse highlighted that Ripple’s mission aligns with the administration’s vision of supporting American innovation and businesses.

In interviews, Garlinghouse has emphasized that a diversified reserve of digital assets would strengthen the U.S.’s competitive edge in the global crypto landscape. “A strategic reserve that combines Bitcoin with other technologies would make sense from both an innovation and a national security standpoint,” he argued.

Not everyone supports expanding the reserve beyond Bitcoin. Pierre Rochard, VP of Research at Bitcoin mining firm Riot Platforms, criticized the potential inclusion of XRP.

He claimed Ripple’s lobbying efforts aim to divert attention from Bitcoin, undermining Trump’s campaign commitments to ban central bank digital currencies (CBDCs) and prioritize a Bitcoin-only reserve.

“The biggest obstacle for the Strategic Bitcoin Reserve is not the Fed, Treasury, or banks, it’s Ripple/XRP,” Rochard stated, underscoring his belief that Bitcoin should remain the sole asset in any national crypto reserve.

The idea of a diversified digital asset stockpile has sparked discussions across the crypto industry. Scott Melker, host of The Wolf of All Streets Podcast, shared rumors that the reserve could include both Bitcoin and XRP. 

While acknowledging the speculative nature of these claims, Melker indicated that his sources were credible. At press time, Bitcoin was trading at $105,380 after increasing by 3.62% in the last 24 hours and by 3.60% over the past week.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

TRUMP EXEC ORDER DIGITAL ASSETS WORKING GROUP: FED NOT INVITED

Yesterday the White House published President Trump’s executive order on digital financial technology. It creates a digital asset working group, which will be responsible for proposing federal regulatory framework within six months.

White House AI & Crypto Czar David Sacks will chair the group, which consists of the heads of 11 government agencies. That includes the Treasury Secretary, Commerce Secretary, SEC Chair and CFTC Chair. Despite the regulations covering stablecoin payments, the Federal Reserve and other banking regulators are not included.

However, there is a caveat that the Chair can invite other agencies that have relevant expertise.

While the executive order includes evaluating the potential for creating a national digital asset stockpile, it states this will likely come from asset seizures.

The key actions of the executive order are to:

▪️allow access to public blockchains, for people to participate in validating transactions, and preserving self custody of digital assets
▪️enhance US sovereignty by promoting lawful dollar backed stablecoins worldwide
▪️protect access to banking services for all
▪️provide regulatory clarity for digital assets based on technology neutral regulation
▪️prohibit the issuance of a CBDC.

Additionally, the new order revokes President Biden’s digital assets executive order and the Treasury’s “Framework for International Engagement on Digital Assets.” 

The latter covered quite a bit of ground, with a substantial proportion relating to CBDC. It also involved working with the Financial Stability Board on digital assets, AML with FATF, and OECD work on crypto tax, amongst others.

Stablecoins in, banks out?

Apart from excluding banking regulators from the working group which covers stablecoin payments, it remains to be seen how wide the CBDC ban is.

On the stablecoin regulation front, the previous administration pushed for the Federal Reserve to be given a central role in approving stablecoins under draft regulations. Excluding the Fed from the working group is a big step in the opposite direction.

Sidestepping banking regulators is likely a backlash. They are viewed as obstructing the crypto sector through de-banking and there was pushback about the shutting down of Signature Bank by the FDIC. Digital asset bank Custodia has been repeatedly refused membership of the Federal Reserve System. That said, the FDIC now has a Republican Acting Chair.

Banks have also been slowed from engaging with blockchain and DLT. For example, the USDF Consortium for interbank DLT payments has not yet launched, even though it moved from a permissionless to a private blockchain. That’s apart from the many banks that were blocked from offering crypto to clients.

No wholesale CBDC?

Regarding CBDC, the ban does not distinguish between retail and wholesale CBDC. Unlike a retail CBDC where there are valid privacy concerns (even with the best of intentions), a wholesale CBDC is designed for interbank settlement only. The Federal Reserve already explored differences between a wholesale CBDC versus tokenizing existing central bank reserves.

Either of these would support banks engaging with blockchain, particularly for tokenized deposits, securities settlement and cross border payments. The lack of wholesale CBDCs has slowed bank adoption of DLT around the world.

Recently the European Central Bank ran DLT trials for wholesale settlement using central bank money, which encouraged numerous (real) digital bond issuances. Sixty-four institutions took part in more than 40 trials and experiments.

The New York Innovation Center (NYIC) at the Federal Reserve Bank of New York has been involved (purely for research) in Project Agorá, which aims to make cross border payments via correspondent banking faster and cheaper.

Agorá uses tokenization and is led by the Bank for International Settlements (BIS). Seven central banks and more than 40 private sector firms are involved, with most of the central banks providing a trial wholesale CBDC for interbank settlement. Without the dollar, that would leave a large gap for an international payments network.

The purpose of using central bank money for institutional settlement is to reduce payment risks. As a fallback, a private institution could tokenize the reserves held by multiple banks in an omnibus account at the central bank.

From a risk perspective it’s not quite as optimal because there is always the risk of failure of the company, even if it is designed to be bankrupt remote. In the UK, Fnality has taken this approach. If the Fed itself is blocked from tokenizing reserves, Fnality’s U.S. expansion plans could be looking rosier.

@ Newshounds News™

Sources:  Ledger Insights,  WhiteHousegov

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