Coffee with MarkZ and Mr. Cottrell. 03/07/2025
Coffee with MarkZ and Mr. Cottrell. 03/07/2025
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: Another week gone….. I’m so ready to turn this page
Member: Good morning everyone! Hope this is a 10 figure weekend....lol
Member: There is so much good intel regarding the RV . It has been a long road let’s hope it comes to an end…..very soon
Coffee with MarkZ and Mr. Cottrell. 03/07/2025
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: Another week gone….. I’m so ready to turn this page
Member: Good morning everyone! Hope this is a 10 figure weekend....lol
Member: There is so much good intel regarding the RV . It has been a long road let’s hope it comes to an end…..very soon
Member: What Good News Mark? Spill it please
Member: MARK Z, you said a couple days ago that you knew people with MONEY. Are those BOND HOLDERS or aggregators?
MZ: They are not aggregators
Member: Maybe the banker that set up a bond person to exchange currency tomorrow was just making an educated guess on timing?
MZ: Bond contacts have a number of appointments between now and the 17th. Things seem to be moving forward very “pleasantly” on the bond front.
MZ: As far as I can tell I think group #3 is ready to process. So it seems like we have real, measurable movement right now.
Member: What is group #3? Never heard that term before?
MZ: I have identified the top 6-8 bond groups . It is my understanding they are ready to move on the third group of large bond holders already aggregated.
Member: Hey Mark, how long will it take after the bond holders get paid for us tier 4a/b to go?
MZ: I think we may be going at almost the same time. I think they are holding them until they are ready for us.
Member: Are your redemption folks working this weekend ?
MZ: My Wealth management/redemption folks will be working this weekend. They do not know if they will be doing redemptions or not …but they will be working and they are prepared.
Member: Do we need to have an active open bank account at a tier 1 bank before the exchange?
Member: it has been said at our exchange they are going to open up a new bank account for use. So no, you don't need a tier 1 bank account prior to exchange.
MZ: In Iraq: “Parliamentarian: Budget tables have not reached the finance committee so far” We are all wondering why? There is one very obvious answer to this question. It may have a rate change in it.
MZ: I am hearing from contacts in Iraq-they continue to delay until they are allowed to release …because there will be rates in there. I hope it is accurate and it makes a lot of sense.
MZ: “Washington calls on Iraq to dispense with Iran’s energy as soon as possible” there is a massive effort to remove all Iranian influence from Iraq.
MZ: “Major gas projects-fixed or floating platforms to boost energy in Iraq” this is so they no longer need Iranian gas …and no longer flare or burn off gas to save money and help the environment. They hope to be independent from Iranian energy within 4 months. There is a huge push to stop Iranian influence so Iraq can move forward.
MZ: “US Treasury Secretary: if I were Iranian I would convert my currency to something other than the tomain” This one makes me think we will not see the Iranian rial in the first basket. I could be wrong…but maybe not… So the US could break the Iranian currency if they do not change their tune…, stop funding terrorists ….and stop working on nuclear arms.
Member: How do I get an 800 number?
MZ: If you are not in a group, I tell everyone to sign up at Dinar Recaps because a couple sources from banks told me they would send exchange info to them….specifically by name. But all dinar info aggregating sites will probably also release that info. .
Member: When we get instructions to set up an appointment to exchange currencies, you will call and they will tell where to go to exchange at that time.
Member: Dreaming of the day that you announce that it is done!
Member: All the time frames we were told about the RV green light has passed us by & still going …wonder 4 how much longer. ????
Member: Trump needs our economy fixed. And time is ticking and he's going to look bad the longer this goes.
Member: Yahoo finance stated that forex will be integrating emerging market currencies by mid march w/ updated A.I. mechanism. Could be part of the RV?
Member: There is a big “Crypto Summit” going on at the white house today…..part of the upcoming reset?
Member: We sit don’t know -is there any gold in fort knox?
Member: if Ft.Knox is empty….it could force the reset….if its full….maybe it will back the new US gold backed currency? We just need to know.
Member: I asked the teller at a local bank in Hawaii if they had seen the new rainbow currency and she asked the manager who said yes but I don't know why they call if rainbow …it looks more blue to me.
Member: what do we know about the old General64 group?
MZ: It’s still a thing, It’s still ready….it’s still very much alive
Member: I was told years ago that the Gen. 64 list was blended with other lists into a bigger group. Just wish we would hear something from them
Member: I wish they had us tier 4b go before all other “rich” people
Member: Words to eliminate after the RV…sign an EO-lol: close, comms, Iraq, bonds, rate tables
Member: We could sure use it more.
Member: Never be afraid to raise your voice for honesty, truth and compassion against injustice and lying and greed. If people all over the world...would do this, it would change the earth.
MZ: I will not have a podcast tomorrow morning. I will be traveling and at an event in Florida. If I have any podcast over the weekend it will be unscheduled and at the last minute.
MZ: I will also not be on tonight. The next scheduled podcast is 10:00 AM Monday Morning.
Member: how about we rv over the weekend while you are in the states Mark! save you a trip! sound good to you?!
Member: thanks Mark and Mr.C. Everyone have a wonderful weekend….Let us all hope it’s our last weekend broke
Mr. Cottrell joins the stream today. Please listen to the 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 MONDAY MORNING AT 10:00AM EST~ UNLESS BREAKING NEWS HAPPENS! FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS
Iraq Economic News and Points to Ponder Friday AM 3-6-25
Prime Minister's Advisor Explains Details Of "Bridge Borrowing"
Economy Yesterday, 13:19 Baghdad- WAA- Amna Al-Salami The Prime Minister's Advisor, Mazhar Muhammad Salih, explained today, Thursday, the details of "bridge borrowing", while indicating that
more than 50% of the domestic debt is concentrated in the investment portfolio of the Central Bank. Saleh told the Iraqi News Agency (INA):
"Historically, government borrowing through treasury transfers is a type of short-term borrowing from the banking market that British public finance has adopted since the reign of Queen Victoria."
Prime Minister's Advisor Explains Details Of "Bridge Borrowing"
Economy Yesterday, 13:19 Baghdad- WAA- Amna Al-Salami The Prime Minister's Advisor, Mazhar Muhammad Salih, explained today, Thursday, the details of "bridge borrowing", while indicating that
more than 50% of the domestic debt is concentrated in the investment portfolio of the Central Bank. Saleh told the Iraqi News Agency (INA):
"Historically, government borrowing through treasury transfers is a type of short-term borrowing from the banking market that British public finance has adopted since the reign of Queen Victoria."
He added that "this type of borrowing was done for limited periods not exceeding weeks or financial quarters, and is known as (bridge borrowing), as
it aims to bridge the temporary deficit gap resulting from the slowdown in revenues compared to actual expenditures." He pointed out that
"due to the monthly financial obligations, public finance may resort to issuing treasury transfers as a financing tool to bridge the temporary deficit in the budget until cash flow stabilizes in the next period of the fiscal year." He added that
"in light of the fluctuations in the oil revenue cycle on the general budget over the past ten years, the government was forced to borrow multiple and accumulated,
which led to an increase in expenditures in three stages: the
first during the war on ISIS terrorism, the
second due to the economic closure caused by the pandemic, and
finally the increase in expenditures in the areas of reconstruction and implementation of suspended projects." He added that
"these circumstances resulted in the accumulation of domestic public debt, part of which was borne by government banks, as more than half of it was deducted from the Central Bank of Iraq through open market operations." He stressed that
"this necessitated a complementary monetary issuance that led to a significant increase in the monetary mass,
especially since the domestic public debt, amounting to 82 trillion dinars, is still mostly within the government financial and banking system, more than 50% of this debt is concentrated in the investment portfolio of the Central Bank." He added,
"On the positive side, this debt is covered by foreign currency by more than 100%, which reflects a high level of monetary stability, as the annual inflation growth rate did not exceed 3%."
He added that "despite these challenges, both the monetary and fiscal authorities seek continuous consultation in order to gradually extinguish the domestic debt," stressing that
"the government relies on enhancing financial sustainability by reducing the public debt balance annually and
reducing the annual budget deficit to a percentage not exceeding 3% of the gross domestic product." He concluded that
"this approach is part of a fiscal policy aimed at providing financing and protecting economic activity, which contributes to achieving stability and sustainable economic growth through coordination between fiscal and monetary policies."
https://www.ina.iq/229426--.html
In Numbers ... The Banking Sector During 2024 Is Witnessing A Decrease In Total Deposits
Economics 2025-03-06 |Source: Alsumaria News 616 Viewed Alsumaria News -banking sector witnessed During the year 2024, the Iraqi a noticeable decrease in total deposits, as
it decreased by 9%, to decrease from 133.5 trillion Iraqi Iraq Future Foundation dinars at the end of 2023 to 123.5 trillion Iraqi dinars, registering a loss of 10 trillion dinars, according to a report published by the independent concerned with economic affairs.
The head of the Foundation, Manar Al-Ubaidi, said in a post that Alsumaria News followed,
this decline is mainly due to a decrease in government sector deposits by 14%, as it decreased from 47.3 trillion dinars to 42.8 trillion dinars.
The deposits of public institutions decreased by 7.4%, declining from 29.6 trillion dinars to 27.4 trillion dinars. As for the
deposits of the private sector, it witnessed a decrease of 6.52%, as it decreased from 56.5 trillion dinars to 53.2 trillion dinars. At the level of the types of deposits, the
current deposits recorded the largest decline by 11.6%, to decrease from 107.5 trillion dinars at the end of 2023 to 97.4 trillion dinars. As for
fixed deposits, it declined slightly, from 9.67 trillion dinars to 9.62 trillion dinars, in return, the
savings deposits witnessed a marginal increase of 0.7%, up from 16.3 trillion dinars to 16.43 trillion dinars, according to Al-Ubaidi.
Al-Ubaidi added that this decline raises important questions about the impact of the trend towards electronic payment and the use of modern payment techniques on the banking sector. As
it was expected that the spread of these technologies will contribute to increasing the volume of deposits, especially the ongoing ones, by stimulating banking transactions and reducing dependence on criticism. However, the
current data reflects a different reality, which requires reviewing electronic payment mechanisms and assessing the extent of their effectiveness in achieving the desired financial and banking goals. He added that
electronic payment is a means, not an end, as
it is supposed to contribute to enhancing financial inclusion and increasing dependence on banks by raising deposit rates.
As bank deposits continue to decline in this large percentage, it becomes necessary to review the electronic payment policies and its application mechanisms. The
expansion of this system must be accompanied by motivational and encouraging measures that enhance the confidence of individuals and companies in banking transactions,
instead of being a technical transformation that does not achieve the required impact on the financial sector.
https://www.alsumaria.tv/news/economy/518581/بالأرقام-القطاع-المصرفي-خلال-2024-يشهد-انخفاضًا-في-إجمالي-الودائع
Digital Currency .. And An Advanced Financial Future
Economic 2025/03/05 D. Nabil Al -ordinary
In line with the framework of rapid global developments in financial and technological systems, the
Central Bank of Iraq, in the context of keeping pace with development, is heading towards launching an alternative digital currency for paper cash.
This step, which is not just a transformation in the method of financial transactions,
is a fundamental shift in seeing the Iraqi financial system.
Digital currencies are a new innovation that the world has witnessed, and
it reflects the rapid shift towards the digital age. The
digital currency allows the possibility of
making transactions faster and more safely compared to paper criticism, through the use of this currency, as well as
reducing the costs of transactions, which contributes to
enhancing economic efficiency.
As for the potential benefits of the digital currency in Iraq, they are summarized in
improving the efficiency of the financial system, and then will help
accelerate transactions and
reduce the time required to accomplish them,
which reflects positively on the movement of internal and external trade.
It is also an effective means of
enhancing transparency and
fighting corruption, and that its use and intended digital currencies may contribute to
reducing informal monetary transactions, which
reduces the chances of financial corruption as well as job evasion.
Perhaps the most prominent advantage of this type of currency is that
it will contribute to
increasing the amount of financial inclusion: the prospects for
access to financial services for new groups of society may open, especially for those who do not deal with banks directly. In my estimation, the
digital currency can contribute to encouraging innovation in the financial market, giving many startups to provide new services that depend on financial technology. Although
this type of currency has these advantages and despite the great benefits,
it is not without challenges, and
it must be paid attention to, foremost of which is concerns related to cybersecurity and data protection, and
citizens must be educated about how to use this currency and
this requires a clear legal and organizational framework that guarantees the protection of the rights of users. The
launch of the digital currency in Iraq represents a new and important stage in the development of the financial system,
this initiative
reflects Iraq's commitment to move forward towards an advanced technological age, and
will have positive effects in the economy and society, however, the
success of this step depends on
addressing the challenges associated with it, which we pointed to some of them in the context of this article, and the
need to provide adequate support to achieve its goals. https://alsabaah.iq/111170-.html
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Friday Morning 3-07-25
Good Morning Dinar Recaps,
TRUMP’S BITCOIN RESERVE PLAN: FUNDED BY CONFISCATED CRYPTO, NOT TAXPAYER’S WALLET
Trump orders U.S. Bitcoin reserve using seized assets, securing crypto holdings without taxpayer funds & reshaping digital finance.
U.S. Bitcoin stockpile signals global shift as other nations may race to establish their own reserves, boosting crypto adoption.
In a historic move this evening, President Donald Trump signed an executive order creating the United States’ first-ever strategic Bitcoin reserve. This major step in cryptocurrency policy is set to solidify the U.S.’s position in the growing digital asset space.
Good Morning Dinar Recaps,
TRUMP’S BITCOIN RESERVE PLAN: FUNDED BY CONFISCATED CRYPTO, NOT TAXPAYER’S WALLET
Trump orders U.S. Bitcoin reserve using seized assets, securing crypto holdings without taxpayer funds & reshaping digital finance.
U.S. Bitcoin stockpile signals global shift as other nations may race to establish their own reserves, boosting crypto adoption.
In a historic move this evening, President Donald Trump signed an executive order creating the United States’ first-ever strategic Bitcoin reserve. This major step in cryptocurrency policy is set to solidify the U.S.’s position in the growing digital asset space.
Bitcoin Reserve Without Taxpayer Funds
The executive order establishes a reserve for Bitcoin, which will be held exclusively in a digital stockpile. However, Trump’s plan does not rely on taxpayer funding. Instead, the reserve will be exclusively capitalized with Bitcoin that the federal government has confiscated through criminal and civil forfeiture cases. According to David Sacks, the White House crypto czar, this means no taxpayer dollars will be used to fund the reserve.
“The reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings,” Sacks said.
Digital Fort Knox: Long-Term Bitcoin Safeguarding
Trump said that the reserve will act as a digital equivalent of Fort Knox, safeguarding the nation’s Bitcoin holdings for the long term. In his remarks, Sacks explained the importance of this reserve, stating that previous premature sales of Bitcoin by the U.S. government have resulted in over $17 billion in lost value. This new initiative aims to prevent such losses by establishing a strategic, long-term holding strategy.
Expanding Beyond Bitcoin: U.S. Digital Asset Stockpile
In addition to the Bitcoin reserve, the executive order also includes a broader U.S. digital asset stockpile, which will include other cryptocurrencies, such as Ethereum, XRP, and Solana, all of which have been seized through forfeiture proceedings. However, the government will not seek to purchase more of these digital assets unless it can do so without additional cost to taxpayers.
Global Impact: The U.S. Leads the Way
This move marks a milestone not only for the U.S. but for the entire cryptocurrency market. With the federal government committing to hold Bitcoin as a store of value, the likelihood of Bitcoin being banned by the government has dramatically decreased. Additionally, this sets the stage for other countries to establish similar Bitcoin reserves, as global competition for Bitcoin intensifies.
Strategic Reserve: Preserving and Maximizing Value
The strategic reserve will not involve any immediate sales or purchases of Bitcoin, as it focuses on preserving and maximizing the value of assets already acquired by the government. The executive order also directs a full audit of the U.S. government’s existing digital asset holdings, with a focus on ensuring responsible stewardship under the Treasury Department.
Industry insiders have reacted positively to the news, with many viewing this move as a precursor to future institutional and state-level adoption of Bitcoin. As this strategy unfolds, experts predict that other nations will closely monitor the U.S.’s approach and may follow suit in creating their own strategic Bitcoin reserves.
The announcement comes just ahead of the White House Crypto Summit, where policymakers and industry leaders will discuss the future of digital assets and the regulatory framework surrounding them. With the U.S. leading the way in government-held Bitcoin reserves, the global crypto landscape is poised for a major transformation.
@ Newshounds News™
Source: Coinpedia
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CARDANO’S CHARLES HOSKINSON REACTS TO WHITE HOUSE CRYPTO SUMMIT SNUB
Hoskinson focuses on legislative progress, unfazed by his absence from Trump's crypto summit.
Cardano founder Charles Hoskinson has revealed that he was not invited to the upcoming White House Crypto Summit on March 7.
His exclusion has sparked discussions, especially since the blockchain network’s ADA token is included in US President Donald Trump’s proposed crypto reserve.
No White House invite
In a March 6 broadcast, Hoskinson revealed that he had not received an invitation to the highly anticipated crypto event.
According to him:
“We did not get an invitation on Monday. We did not get an invitation on Tuesday. We did not get an invitation today on Wednesday. So I’m going to operate under the assumption I have not been invited to go to this gathering.”
Hoskinson downplayed the event’s significance, suggesting it might not involve meaningful policy discussions. He argued that real policy work happens within the legislative branch, where he has collaborated with lawmakers over the years.
He reaffirmed his commitment to pushing for regulatory clarity through legislative engagement, particularly on key bills related to stablecoins and market structure.
Despite his absence, several key figures in the crypto industry have confirmed their attendance. Among them are Michael Saylor, Chairman of Strategy—the largest corporate holder of Bitcoin—along with Brian Armstrong of Coinbase, Arjun Sethi of Kraken, and Vlad Tenev of Robinhood.
ADA in crypto reserve
Meanwhile, Hoskinson’s exclusion is particularly striking given that ADA has been listed as part of Trump’s proposed crypto reserve.
The president recently announced plans to create a reserve featuring Bitcoin, Ethereum, XRP, Solana, and Cardano. He is expected to outline his strategy for this initiative at the event.
The Cardano founder admitted that he was unaware of ADA’s inclusion until the news broke.
According to him:
“We knew nothing of ADA being selected for the reserve. It was news to me. I woke up on Sunday, looked at my phone, and I had over one hundred fifty messages saying congratulations, great job, and I had no idea what the heck was going on.”
@ Newshounds News™
Source: CryptoSlate
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News, Rumors and Opinions Friday AM 3-7-2025
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. 7 March 2025
Compiled Fri. 7 March 2025 12:01 am EST by Judy Byington
Imminent: Global Currency Reset To Gold-backed Currencies Including the US Note
What We Think We Know as of Fri. 7 March 2025:
Thurs. 6 March 2025: “Commerce Secretary Howard Lutnick Drops Massive Bombshell Saying Trump Will Doing Everything He Can To Stop Income Tax Payments To The IRS And Replace Our Taxes With Tariff Payments and An External Revenue Service.”
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. 7 March 2025
Compiled Fri. 7 March 2025 12:01 am EST by Judy Byington
Imminent: Global Currency Reset To Gold-backed Currencies Including the US Note
What We Think We Know as of Fri. 7 March 2025:
Thurs. 6 March 2025: “Commerce Secretary Howard Lutnick Drops Massive Bombshell Saying Trump Will Doing Everything He Can To Stop Income Tax Payments To The IRS And Replace Our Taxes With Tariff Payments and An External Revenue Service.”
Thurs. 6 March 2025 Robert Kennedy: “There’s three giant corporations: BlackRock, State Street, and Vanguard. They’ve now decided to buy every single family home in America… They literally are trying to buy everything. Larry Fink, the CEO of BlackRock, is on the board of the World Economic Forum, and they’ve said we want this Great Reset, which is you will own nothing and you will be happy. And because they have a huge bank book… your kids do not have a chance to buy that home, because they can’t outcompete BlackRock.”
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Possible Timing for the Global Currency Reset changeover from US Inc.’s Federal Reserve & IRS’s fiat US Dollar to a new gold/asset-backed US Note of the Republic for the United States of America:
“The Fiat monetary system was over, the privately-owned Federal Reserve and IRS shutting down. BlackRock—the Cabal’s financial arm—was bankrupt. All non-Basel III compliant banks to close. The era of free, manipulated money was over. Gold-backed currency is here.” …Steve Bannon on Telegram
A day before on Tues. 4 March 2025 the Republic for the United States of America had begun its fiscal year under new gold-backed US Notes. “The Global Currency Reset is now a REALITY.” …Steve Bannon on Telegram
Red Friday 7 March 2025: “The biggest day in history was coming on Fri. 7 March. Redemption. Trump White House Crypto Summit. Trump Bitcoin was about to change everything.” … on Telegram
Sat. 8 March 2025: “Trump to kickoff the largest Economic Change in History.” … on Telegram
Global Financial Crisis:
Read full post here: https://dinarchronicles.com/2025/03/07/restored-republic-via-a-gcr-update-as-of-march-7-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Fnu Lnu The Digital Currency will never replace the IQD and there is NO need to worry as they are two different animals for two entirely different uses...FinTec is happening whether people like it or not and it's happening very fast.
Frank26 Question: "How much time would they give to exchange the dinar?" 6 months to a year. Or maybe forever, the same thing like the American dollar. We still got a $1,000 note that's legal tender.
Militia Man They're not going to be just using the dollar anymore, they're going to be using dinar in the future. That's big. They're not internationally accepted on the Forex around the world just yet. Once they are they this [dinar] story is going to change.
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LIVE! US Trade Deficit SKYROCKETS. Markets ARE IN TROUBLE. Fed. Says: YOUR CASH IS SAFE.
Greg Mannarino: 30602925
Free-Fall In The Banking System Across The Globe | David Hunter
Liberty and Finance: 3-7-2025
David Hunter discusses his view on an impending global market "free-fall" and the financial crisis that could surpass the 2008 recession.
He predicts the end of a 43-year secular bull market in stocks, followed by a sharp, parabolic final stage in the market before a drastic downturn.
Hunter emphasizes that the global banking system is at risk, with potential widespread bank failures contributing to a financial bust.
While the Federal Reserve may initially ease rates, Hunter foresees a massive increase in its balance sheet as it combats the crisis, with a likely surge in bond purchases and the possibility of negative short-term bond yields.
Ultimately, he believes precious metals like gold and silver will thrive in the aftermath of the bust, marking the beginning of a new cycle driven by inflation and money printing.
INTERVIEW TIMELINE:
0:00 Intro
1:30 Stock market melt-up
10:45 Fed's easing
12:43 Gold & silver
15:15 Global bust
22:00 Banking system
25:30 The melt-up
“Tidbits From TNT” Friday Morning 3-7-2025
TNT:
Tishwash: Reconstruction: Iraq receives international offers to invest in new residential cities
The New Cities Implementation Authority, affiliated with the Ministry of Construction and Housing, confirmed the referral of residential cities in 5 governorates with “integrated” designs, and also confirmed the arrival of international offers to invest in the new residential cities.
The head of the authority, Hamid Abdul Hamad, said in a statement followed by "Ultra Iraq", that "the first phase included the establishment of 5 new cities that were announced, referred, and started, and reached different stages. There are also other cities that were announced, which are 6 cities, and the announcement period will end during the current month, including the city of Mutanabbi in Wasit, the new city of Balad, the city of Salam in the new Najaf, Ur in Nasiriyah, Warka in Samawah, and another city in Al-Majar Al-Kabir, south of Maysan."
TNT:
Tishwash: Reconstruction: Iraq receives international offers to invest in new residential cities
The New Cities Implementation Authority, affiliated with the Ministry of Construction and Housing, confirmed the referral of residential cities in 5 governorates with “integrated” designs, and also confirmed the arrival of international offers to invest in the new residential cities.
The head of the authority, Hamid Abdul Hamad, said in a statement followed by "Ultra Iraq", that "the first phase included the establishment of 5 new cities that were announced, referred, and started, and reached different stages. There are also other cities that were announced, which are 6 cities, and the announcement period will end during the current month, including the city of Mutanabbi in Wasit, the new city of Balad, the city of Salam in the new Najaf, Ur in Nasiriyah, Warka in Samawah, and another city in Al-Majar Al-Kabir, south of Maysan."
Hamad added, "A number of countries have come forward to invest in the new cities through joint companies, including Iraqi, foreign and Arab companies, such as Al-Jawahiri City, which is being implemented in partnership between an Iraqi and Chinese investor, and Al-Ghazlani City in Mosul, which is being implemented in partnership with an Iraqi-Chinese partnership, and on the banks of Karbala in partnership with a Malaysian entity and various Iraqi companies with Arab and foreign banks, in addition to Ali Al-Wardi City for a global investor and Aura Company."
Hamad stressed that “these cities were designed in a way that makes them integrated in all activities, whether housing or other economic activities,” indicating that “the Nahrawan residential city will be implemented on an area of 80,000 dunums, and in several models. The first is to establish different cities with different areas, and develop infrastructure through investment while guaranteeing a share for the state, and this is one of the facilities if the citizen thinks of buying land that is served in all aspects.” link
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Tishwash: Washington demands that Iraq dispense with Iranian energy "as soon as possible"
The US State Department called on Iraq to end its dependence on Iranian energy sources "as soon as possible," hours after Washington announced its intention to tighten sanctions on Tehran.
In response to a question about the exemptions granted to Iraq, and whether they would be renewed, the Foreign Ministry indicated that it is reviewing all exemptions granted, according to Reuters.
Iraq currently produces 27,000 megawatts of electricity through stations, most of which operate on gas, but the production capacity sometimes drops to 17,000 megawatts.
This amount, at its maximum, does not meet the country's electricity needs, as Iraq needs to increase production to reach 40,000 megawatts in order to ensure the provision of energy around the clock.
To solve this crisis, Iraq resorted to importing quantities of Iranian gas, which threatened to expose it to US sanctions, before the United States granted it an exemption that is renewed periodically.
With US President Donald Trump returning to power, he pledged to pursue a policy of "maximum pressure" against Iran. As a result, the Iraqi government asked the new US administration to extend the waiver granted by the previous administration, according to previous statements by Al-Sudani in an interview with the Saudi Al-Sharq channel.
Al-Sudani had touched on the issue of ending dependence on Iranian supplies during the interview, noting that the country plans to completely end gas imports by 2028, adding: “There will be clear energy independence.”
He continued: "Ultimately, we need this exception to continue throughout this period. At the same time, we have started the process of linking energy with neighboring countries in order to cover our needs, and this is part of the concept of integration that we seek with our brothers."
This is not the first statement of its kind, but rather comes just days after US Secretary of State Marco Rubio called Iraqi Prime Minister Mohammed Shia al-Sudani, where they discussed Iranian influence in the region, and Rubio urged Iraq to "achieve energy independence."
The new US statement may not mean that Washington will not renew the exemption granted to Iraq, but it indicates increased pressure on Baghdad to get rid of these supplies.
The comments come hours after US Treasury Secretary Scott Besant confirmed that the US would tighten sanctions on Iran, adding that the US would “shut down” the country’s oil sector using “pre-determined criteria and timelines.” He hinted that “making Iran bankrupt again would be the beginning of our updated sanctions policy.”
The Treasury secretary suggested that the United States could work with “regional actors” to help Iran get its oil to market. One of those countries is likely to be Russia, which earlier this week signaled its willingness to help the United States in talks with Iran over ending its nuclear program and its support for anti-American regional proxies.
“Treasury is prepared to engage in frank discussions with these countries,” Bessent said. “We will work to shut down Iran’s oil sector and drone manufacturing capabilities.” link
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Tishwash: Parliamentary Committee Calls on Government to Refer Oil and Gas Law to Parliament Immediately
The Deputy Chairman of the Parliamentary Oil and Gas Committee, Adnan Al-Jaberi, called on the government today, Thursday, to expedite the referral of the Oil and Gas Law to the Council of Representatives, stressing that its legislation is an essential step to regulate the management of oil wealth and ensure the fair distribution of revenues between the federal government and the producing regions and governorates.
Al-Jaberi said in a statement to / Al-Maalouma / agency, that "the legislation of the Oil and Gas Law is a necessary step to regulate the management of oil and gas wealth in Iraq," noting that "this law will contribute to guaranteeing the rights of the producing regions and governorates, in addition to developing a clear strategy for investing these resources in the long term."
He explained, "The law will protect oil wealth from different interpretations and interpretations, whether in the Kurdistan Region or in the producing governorates, and will work to resolve the existing differences between the federal government and the regional government, and control the relationship between the producing governorates and the center."
He pointed out that "Article 112 of the Iraqi Constitution stipulates the necessity of regulating the oil and gas sector through the enactment of a special law, but the lack of a common vision and agreement between the federal government and the Kurdistan Region, as well as between the producing provinces and Baghdad, has prevented its approval so far.
" He stressed "the importance of reaching a consensus that guarantees the rights of all parties," calling on the government to "refer the law to the Council of Representatives as soon as possible to ensure the fair and equitable regulation of oil revenues."
It is noteworthy that the approval of the oil and gas law was delayed for several parliamentary sessions due to political differences that prevented reaching a consensus on it. link
Mot: .. Aaaahhhhhhhh -- Can Ya Feels it!!!???
Mot: de delima of being a ""Weeee Folks""
Iraq Economic News and Points to Ponder Thursday Afternoon 3-6-25
Development And The Unit Of Funds
Economic 2025/03/06 Abdul Zahra Muhammad Al –Hindawi Iraq may be unique and not other countries in the multiplicity of development funds, which are very similar in their tasks, but each of them has a geographical space, which works to cover it, with the exception of two of these funds,
which are both the Iraqi Fund for Development, which is concerned with creating an attractive investment environment, especially in what is related to the health and education sectors, as a priority and then the rest of the sectors come, and
the second is the social fund For development, which is concerned with targeting the poorest villages and areas, by providing basic services, by implementing small projects, such as building schools, health centers, providing water and electricity networks, and road paving.
Development And The Unit Of Funds
Economic 2025/03/06 Abdul Zahra Muhammad Al –Hindawi Iraq may be unique and not other countries in the multiplicity of development funds, which are very similar in their tasks, but each of them has a geographical space, which works to cover it, with the exception of two of these funds,
which are both the Iraqi Fund for Development, which is concerned with creating an attractive investment environment, especially in what is related to the health and education sectors, as a priority and then the rest of the sectors come, and
the second is the social fund For development, which is concerned with targeting the poorest villages and areas, by providing basic services, by implementing small projects, such as building schools, health centers, providing water and electricity networks, and road paving.
As for all other funds, which are the Emaar Fund, which is affected by terrorist acts and military operations, the Sinjar Emaar Fund and the Nineveh Plain, the Emaar Dhi Qar Fund, the Penis, the Termis' Emaar Fund, and the Samarra Fund, the capital of Iraq for Islamic civilization.
If we had a look at the tasks and work of these funds, we would have found a great similarity between them, this similarity may sometimes cause an intersection with other programs, foremost of which is the regional development program, which is carried out by local governments in the governorates, and the investment program implemented by the federal ministries in all governorates.
On the other hand, no one denies that these funds are a work on the ground, as they have succeeded in implementing many investment and service projects, according to the geographical area of each of them.
Certainly, each of them has good annual financial allocations, to finance the projects they implement, and
here comes the area of the question that represents the title of the title of this article,
what happens if we intentionally unify all these boxes in one box??, and
for example, the Social Fund for Development, which is the oldest of the foundations found, and was able to implement small projects in more than 500 villages spread in 18 governorates, according to philosophy, according to philosophy, according to philosophy, according to philosophy, according to philosophy, according to the philosophy of New and different depends on the principle (planning from the bottom up to the top) in the sense that the local community is the one that defines the priorities of the projects that the region needs, according to the criteria for the need in the covered village.
There is no doubt that the union of these funds in one box, starting, will help the planning to draw a clear-cut image, with specific dimensions and paths, in addition to that the financial allocations will be very good that support project financing at a comfortable manner, and this will be an integration with other programs, and here the development will witness a good boost, in all sectors .. right? https://alsabaah.iq/111232-.html
Specialists: Transformation Into A Digital Currency In The Right Direction
Economic 2025/03/05 Baghdad: Hussein Thaghab Central Bank of Iraq to issue a digital currency as a "step in the right direction", to
strengthen the financial system and
keep pace with global developments.
Specialists also believe that the
development of the banking system and the
adoption of modern technologies
are vital to ensuring the achievement of the desired benefits, such as
improving financial inclusion and
supporting the national economy. However,
they warn of possible challenges, such as the risks of cybersecurity and the need for a clear legislative framework that supports this step.
The Governor of the Central Bank d. Ali Al-Alaq, confirmed the approach to creating a bank digital currency, to replace paper currencies.
According to the Financial Adviser to the Prime Minister, Dr. Mazhar Mohamed Saleh, the
Central Bank of Iraq is towards the issuance of a digital currency, which is an advanced step in the world of central banking. He added in his speech to "Al -Sabah", that
this step represents a qualitative leap in the national digital payment system by reducing the percentage of leaks resulting from paper currency problems outside the banking system, which will reduce the need to print large quantities of paper currencies.
This, in turn, will limit the circulation of present criticism, which requires continuous and expensive nutrition for the paper cash payment system.
The problems of the paper currency outside the banking system, which will reduce the need to print large quantities of paper currencies. He pointed out that the
digital currency will contribute to improving transparency and governance, which allows the total economy and monetary policy to adapt its policies in a way that achieves stability and speeds up to fight inflation and control digital liquidity.
The digital currency will also provide a great ability to achieve the financial inclusion of the community segments quickly and clearly, especially for poor groups related to the banking system. But Saleh stressed that
entering the world of digital currencies requires a strong infrastructure that includes advanced internet networks and superior protection devices from cybersecurity, in addition to the culture of accepting this type of virtual currencies. He stressed that the
state agencies must be the first to accept them in government collection of various forms, with the survival of digital criticism practicing its normal functions as an account unit, payments, savings and settlements.
For his part, Mustafa Akram Hantoush, a specialist in financial affairs, stressed that
talking about issuing a digital currency in Iraq is premature, indicating that
this step requires the presence of an advanced banking device and a strong infrastructure for electronic payment and the national division. In his speech to "Al -Sabah", he added that
society needs to adopt a new culture that supports this transformation, especially in light of the modern transition to the electronic payment system, which still faces great difficulties and challenges. Hantoush explained that the
digital currency represents an electronic balance of value,
which requires a
social awareness and a
deeper understanding of this concept. He also pointed out that
global digital currencies, such as the
electronic dollar in America, the
euro in Europe and the
Chinese electronic yuan, are still facing serious challenges,
especially in the areas of cybersecurity and the dangers of penetration, which led to the incomplete application of its application completely so far. He stressed that the
issuance of a digital currency in Iraq first requires the development of the banking system to
meet international standards,
enhance technological infrastructure, and
build solid confidence between the public and banking institutions. He stressed that
this step, despite its importance, needs accurate planning and comprehensive preparation to ensure its success. https://alsabaah.iq/111169-.html
Bank Deposits In Iraq Lose 10 Trillion Dinars... And An Economic Warning
Time: 2025/03/06 14:45:11 Read: 1,065 times Economic: Al Furat News} Official banking data showed a 9% decline in total deposits in Iraqi banks during 2024, losing 10 trillion dinars of their value and declining from 133.5 trillion dinars at the end of 2023 to 123.5 trillion dinars.
The data revealed that government sector deposits declined by 14%, from KWD 47.3 trillion to KWD 42.8 trillion, while public institutions’ deposits decreased by 7.4% (from KWD 29.6 trillion to KWD 27.4 trillion). Private sector deposits also fell by 6.52%, from KWD 56.5 trillion to KWD 53.2 trillion, which threatens to have repercussions on banking liquidity.
Current deposits lose 10 trillion
Current deposits accounted for the bulk of the decline, falling 11.6% from KWD 107.5 trillion to KWD 97.4 trillion, while fixed deposits were stable at KWD 9.62 trillion. Savings deposits, on the other hand, rose 0.7% to KWD 16.43 trillion.
Economist Munar Al-Abidi attributed the decline to several factors, including the decline in state revenues and changes in government liquidity management policies, in addition to the decline in confidence in the banking sector by the private sector. He pointed out that "electronic payment did not translate into an increase in deposits, because it remained a means without linking it to clear policies to enhance financial inclusion or stabilize the sector."
Al-Obaidi called for the necessity of reviewing monetary policies to restore confidence and enhance transparency in liquidity management, stressing that "the continued decline threatens risks to the overall economy, especially with the budget's reliance on bank liquidity to finance projects."
Questions about the feasibility of electronic payment
The decline has raised questions about the effectiveness of the electronic payment promotion trends, which have not contributed to increasing deposits or improving liquidity, which requires - according to observers - a re-evaluation of their implementation mechanisms to ensure the achievement of their objectives in supporting the banking sector. LINK
Gold Prices Stabilize Amid Anticipation Of US Jobs Data
Thursday 06 March 2025 11:09 | Economic Number of readings: 242 Baghdad / NINA / Gold prices recorded stability today, Thursday, as investors awaited the jobs data in the United States of America to know the path of interest rates that the Federal Reserve (the US Central Bank) will adopt with the escalation of trade tensions between the United States and its trading partners.
Gold stabilized in spot transactions at $ 2917.90 per ounce. While US gold futures rose by 0.1 percent to $ 2927.40. As for other precious metals, silver fell 0.1 percent to $ 32.60 per ounce, platinum rose 0.2 percent to $ 967.80, while palladium lost 0.2 percent to $ 941.00. / End https://ninanews.com/Website/News/Details?key=1190276
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Thursday Evening 3-06-25
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U.S. CRYPTO RESERVE NEWS: DONALD TRUMP TO REVEAL BITCOIN STRATEGY TOMORROW!
After doubts over Bitcoin reserve plans and fading sentiment, the market is buzzing again as Trump prepares to unveil a Bitcoin Strategic Reserve at the White House Crypto Summit on March 7.
Commerce Secretary Howard Lutnick confirmed a national crypto strategy is in the works, sparking speculation on whether the U.S. will buy more Bitcoin or hold its 200,000 BTC. Bitcoin has reacted strongly, rebounding to $90K after dropping to $ 82 K.
Good Evening Dinar Recaps,
U.S. CRYPTO RESERVE NEWS: DONALD TRUMP TO REVEAL BITCOIN STRATEGY TOMORROW!
After doubts over Bitcoin reserve plans and fading sentiment, the market is buzzing again as Trump prepares to unveil a Bitcoin Strategic Reserve at the White House Crypto Summit on March 7.
Commerce Secretary Howard Lutnick confirmed a national crypto strategy is in the works, sparking speculation on whether the U.S. will buy more Bitcoin or hold its 200,000 BTC. Bitcoin has reacted strongly, rebounding to $90K after dropping to $ 82 K.
Let’s dive into the Altcoin Daily analysis on Trump’s Bitcoin Strategic Reserve and what it means for you.
A National Crypto Reserve in the Making
Trump’s announcement has ignited speculation that the reserve may extend beyond Bitcoin. A Truth Social post hinted at a broader “National Crypto Reserve,” fueling discussions that Ethereum, Solana, XRP, and Cardano could be included.
While it’s uncertain if the government will buy these altcoins, speculation is growing that they might be accepted through donations. This could pave the way for major crypto firms to contribute assets in exchange for regulatory clarity and potential future advantages.
Crypto Leaders Gather at the White House
The White House Crypto Summit boasts a star-studded lineup, highlighting the weight of Trump’s initiative. Confirmed attendees include Ripple CEO Brad Garlinghouse, MicroStrategy’s Michael Saylor, Bitcoin Magazine’s David Bailey, and Chainlink’s Sergey Nazarov, along with CEOs from Coinbase, Kraken, Robinhood, and Crypto.com.
Key government officials, including acting SEC and CFTC chairs, will also be present. Unconfirmed reports hint at appearances from Solana’s Anatoly Yakovenko, Cardano’s Charles Hoskinson, and Ethereum’s Vitalik Buterin. The event’s high-profile nature underscores a serious move toward shaping the U.S. crypto strategy.
How Will the U.S. Fund This Move?
Michael Saylor, in a recent interview, suggested that while Trump could issue an executive order to set the framework, actual purchases might require congressional approval. However, an alternative strategy exists. The Federal Reserve holds gold certificates valued at 1970s prices.
By selling these and converting the proceeds into Bitcoin at current market rates, the U.S. could accumulate a significant BTC reserve without new spending.
A Turning Point for Crypto Regulation?
Altcoin Daily analyst suggests that Trump’s upcoming announcement could shake up the entire crypto market. Just before Trump’s statements, a trader made a massive $200 million bet on crypto and has also named himself March 7, raising questions about whether they had inside information.
While the announcement might not reveal the full plan, analysts believe it could give a clearer picture of how the U.S. government plans to deal with crypto in the future. At this point, it’s not about whether the U.S. will create a Bitcoin reserve—it’s about whether it will focus only on Bitcoin or include other cryptocurrencies as well.
On the flip side, Solana co-founder Anatoly Yakovenko dismissed the idea of an SOL reserve, warning that government control would undermine decentralization. However, he reassured the Solana community, stating that if there’s a goal to achieve, the ecosystem will rise to the challenge.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
INDIA OFFICIALLY DISMISSES BRICS CURRENCY, PRAISES THE US DOLLAR
The Modi government is placing a ledge on the de-dollarization ideals and making way for the US dollar to thrive. BRICS member India has once again rejected the prospects of a new currency and praised the US dollar for maintaining global stability. India’s Foreign Minister S. Jaishankar spoke in favor of the US dollar sidelining the idea of launching a new currency on the global stage.
India is the only country in the bloc that is moving away from the formation of a new common currency. BRICS members Russia, China, and Iran are aggressively pursuing the agenda to topple the US dollar from the world’s reserve currency status.
The alliance is now divided as India is stepping aside and Brazil also revealed that they plan to drop the idea of a BRICS currency.
India Wants the US Dollar & Not BRICS Currency
Speaking at a session titled ‘India’s Rise and Role in the World’ in London, Jaishankar confirmed that they’re not interested in BRICS currency. “I don’t think there’s any policy on our part to replace the US dollar. As I said, at the end of the day, the dollar as the reserve currency is the source of international economic stability. And right now, what we want in the world is more economic stability, not less,” he said.
The statement from Jaishankar is at odds with what Russia, China, and Iran intend to streamline the alliance. India is on a different path and has openly embraced the US dollar rejecting the prospects of a BRICS currency. The move will make it tougher to launch a common currency as the decisions of the bloc are based.
The formation of a new BRICS currency could take longer than expected due to the ongoing divisions. In conclusion, the de-dollarization agenda might not take off in the coming years making the US dollar reign supreme for longer.
@ Newshounds News™
Source: Watcher Guru
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More News, Rumors and Opinions Thursday PM 3-6-2025
Ariel: March Madness
Iraq now says it is waiting on Kurdistan to give them the go. Now that they are a few days away from leaving the control of Iran over their energy sector by March 8th.
They have become much more confident that their 2025 budget will benefit their economy since all revenue will now be counted in their domestic currency.
Which will give their currency more value. And they will become a economic powerhouse.
Not to mention Turkey confirmed Ceyhan Port is ready; and pipeline inspections are now completed and ready for operational usage.
Ariel: March Madness
Iraq now says it is waiting on Kurdistan to give them the go. Now that they are a few days away from leaving the control of Iran over their energy sector by March 8th.
They have become much more confident that their 2025 budget will benefit their economy since all revenue will now be counted in their domestic currency.
Which will give their currency more value. And they will become a economic powerhouse.
Not to mention Turkey confirmed Ceyhan Port is ready; and pipeline inspections are now completed and ready for operational usage.
And it was already stated that KRG must transfer oil to SOMO under new budget amendments. So we now know they are ready to go international at any time now. Forex market is about to get a new member on the trading block.
https://dinarchronicles.com/2025/03/05/ariel-prolotario1-march-madness/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man The Development Road project has global support and that is clear as day to me. What we see today, Iraq is ready for their revaluation of their currency. Why...? Inflation levels - low. Interest rates high globally, which is good, key. Economic performance of their GDP, which they're going to grow, which is huge. Foreign investment and government policies in place for investors. And overall market sentiment. A countries currency is revalued when its economic strength is perceived right.
Frank26 Look at the 8 oil companies that do not want to start the flow of the oil. Ask yourself, why? IMO the answer is because the new exchange rate has not been revealed to them yet. Sudani protects it until he is ready...If and when the oil starts flowing, it should be with the same new exchange rate that is in the budget...This oil cannot flow at 1310. It's literally impossible mathematically let alone financially...
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KTFA:
Clare: Owner of a "fake" exchange office arrested in Basra with about a quarter of a million dollars in his possession
3/6/2025
Basra Police Command announced on Thursday the arrest of the owner of a "fake" exchange office who smuggles dollars through remittances.
The command said in a statement received by Shafaq News Agency, "The arrest of the accused came after forming a specialized work team and setting up a tight ambush for him. A sum of money amounting to 235 thousand and 470 dollars, 112 million Iraqi dinars, and two phones containing details of the transfers were seized from him."
She added, "The necessary legal measures were taken against him to complete his investigation papers." LINK
BREAKING: The Demand for the IQD is Increasing Here's Why
Edu Matrix: 3-6-2025
BREAKING: The Demand for the IQD is Increasing Here's Why #iqd Iraq’s Development Road Project is set to revolutionize trade and boost the Iraqi Dinar (IQD) by increasing demand for the currency.
This $17 billion infrastructure project will connect the Gulf to Turkey and Europe, creating a faster, more cost-effective alternative to the Suez Canal.
As international businesses use the IQD for shipping and trade payments, its value is expected to rise due to the scarcity formula. Learn how this massive initiative will strengthen Iraq’s economy, attract foreign investment, and impact the future of the IQD.
Gold Strong as US Crypto Reserve Sparks Fear of Rigged Markets
Taylor Kenny: 3-6-2025
The U.S. Crypto Reserve was supposed to signal innovation—but instead, nearly half a trillion dollars vanished from the market.
"This looks like an intentional wealth transfer," warns Taylor Kenney, as fears of manipulation grow. With debt skyrocketing and trust in fiat crumbling, where are investors turning?
Seeds of Wisdom RV and Economic Updates Thursday Afternoon 3-06-25
Good Afternoon Dinar Recaps,
ESMA ACCUSED OF OVERREACH RE NON-EU CRYPTO PROVIDER GUIDANCE
Last Thursday Europe’s Target2 (T2) and Target2 Securities (T2S) interbank payment systems went down throughout normal business hours.
The European Central Bank (ECB) extended operating hours until midnight, as the system only came back online at 18:00, when the real time gross settlement (RTGS) would usually be taking its last instructions. It’s a relatively rare failure, but not unheard off – another outage of similar scale happened in October 2020.
Good Afternoon Dinar Recaps,
ESMA ACCUSED OF OVERREACH RE NON-EU CRYPTO PROVIDER GUIDANCE
Last Thursday Europe’s Target2 (T2) and Target2 Securities (T2S) interbank payment systems went down throughout normal business hours.
The European Central Bank (ECB) extended operating hours until midnight, as the system only came back online at 18:00, when the real time gross settlement (RTGS) would usually be taking its last instructions. It’s a relatively rare failure, but not unheard off – another outage of similar scale happened in October 2020.
There was one critical difference. The 2020 outage was on a slow Friday afternoon. This year’s was the day before month end, a busy time for both mainstream payments and securities settlement.
If there were a wholesale central bank digital currency (wCBDC) system, similar to the Banque de France’s DL3S, would that help to provide redundancy? At this stage our analysis is only ‘maybe’ and it will take a while.
Database failures and blockchain redundancy
At first the ECB identified a database error. Hence, it initially thought it couldn’t switch to the failover location because it was corrupted. Late in the day it found the problem was “an infrastructure component,” which we’d assume means a hardware failure. Hence, the database was switched to the failover location and the system was restarted after checks.
Without using blockchain, it’s possible to replicate databases in real time. That’s the way most large internet systems work. And from the description, we believe T2 does this.
Until recently, the approach used to be referred to as a master and slave database, which while politically incorrect, describes the relationship more clearly than primary and secondary.
If the primary database has been corrupted in some way, the replicated database is a copy that’s in exactly the same state. However, if one can identify a point (or transaction) where the problem starts, it’s often possible to roll back a few transactions on the replica, and get up and running from there.
By contrast, a blockchain works differently. Like database replications, there are multiple nodes.
But it provides redundancy because in the case of validating nodes (which can write to the ledger), each node’s ledger contents are not just copied from the primary ledger, they’re independently created based on transaction verifications. A bogus transaction can get approved by all nodes, but is likely to be deliberate.
The two bucket metaphor
An imperfect analogy is havings two taps, each with a bucket. In the replicated database case, one bucket has a flow of water and reaches a certain level.
The second bucket then has a tap that automatically switches on and aims to get to the same level. By then, the first tap is already filling up further.
In the blockchain case, the taps would drip water into their respective buckets in a synchronized fashion at the same rate.
However, blockchains aren’t really designed for situations where just one party (the central bank) writes transactions. If the sole purpose is redundancy, it’s a significant overhead to run a blockchain system that has to arrive at a consensus between nodes in order to write to multiple separate databases.
On the other hand, if there’s another purpose, such as enabling atomic settlement for securities transactions and programmability, then it might just be worth it.
The ECB has other redundancies
The ECB already has multiple strategies for T2 redundancy. In addition to the failover location, there’s also the Enhanced Contingency Solution II (ECONS II). However, it does not have the same level of functionality as T2, so it was only used for foreign exchange payments to CLS and margin calls by central counterparties (CCPs).
If something like France’s wCBDC had been in production, it would still need to tokenize money transferred from the RTGS (or escrowed) in order to function.
So in the first instance, if T2 was down, the wCBDC might also be out of action. If ECONS II were allowed to be used for banks to top up their wCBDC balances, then banks could potentially make some settlements that way. But ECONS II often requires additional collateral from banks.
There’s a much bigger reason why a wCBDC – in the early stages – is unlikely to help with redundancy. wCBDC systems are not designed to clone the functionality of an RTGS.
They usually have specific purposes targeted at the settlement of transactions relating to tokenized assets, whether that’s a digital bond or the interbank settlement of tokenized deposits. Hence, their integration with commercial bank systems will be focused on these functionalities alone.
That said, if there were a tokenized deposit system that was up and running with most banks onboarded, in a crisis it might be possible to switch to tokenized deposits and wCBDC as a primary solution for payments. But we’re currently a way off from that happening.
@ Newshounds News™
Source: Ledger Insights
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ECB CUTS INTEREST RATES TO 2.65% – WHAT IT MEANS FOR MARKETS & CRYPTO
▪The European Central Bank has reduced key interest rates to 2.65% to stimulate economic growth.
▪While lower rates may boost markets, inflation remains a concern, and bond market volatility suggests potential instability.
▪Geopolitical factors and internal ECB divisions make future rate cut timelines and impacts unpredictable.
The European Central Bank (ECB) has cut interest rates to 2.65%, down from its previous peak of 4.5%. This move follows a global trend where central banks are easing financial policies to support economic growth. In the U.S., traders expect at least three rate cuts from the Federal Reserve in 2025, while Germany and China are using government spending to keep their economies stable.
ECB’s Rate Cut: What Changed?
According to the ECB’s statement, key interest rates have been reduced by 0.25 percentage points. The deposit facility rate is now 2.50%, the main refinancing rate 2.65%, and the marginal lending rate 2.90%. These changes take effect on March 12, 2025.
Lower interest rates typically increase the flow of money, which can boost stock markets and riskier assets like cryptocurrencies. Analysts believe this easing cycle could push crypto prices higher, despite concerns over slowing economic growth. However, some worry that cutting rates too aggressively could cause long-term issues, especially since inflation in Europe is still above the ECB’s 2% target.
Bond Markets in Chaos
The bond market has already responded. Germany’s 10-year government bond yield has surged to 2.8%, its highest level in over a decade. This has narrowed the gap between German and U.S. bond yields, putting downward pressure on the U.S. dollar. The situation is similar to market shifts seen during Donald Trump’s first term, when global financial changes impacted currency values.
Meanwhile, U.K. bond yields have also risen, now surpassing those of the U.S. In Japan, the country’s 10-year bond yield has reached 1.5%, its highest in 17 years. The Bank of Japan, which recently raised interest rates after years of keeping them low, is now struggling to keep inflation in check.
Will Crypto Benefit From Lower Rates?
While the ECB’s rate cut may provide short-term relief, financial markets remain uncertain. If bond market volatility continues, investors might be more cautious with riskier assets like cryptocurrencies. While lower interest rates usually benefit crypto, sudden market changes could still bring instability.
Uncertainty Ahead: Inflation, Politics, and Growth Risks
Market analyst Max Wienke notes that while the ECB is expected to cut rates further, the outlook remains unclear. Inflation in the Eurozone has dropped slightly to 2.4%, which supports more rate cuts. However, unpredictable factors—such as Trump’s trade policies and the ongoing Ukraine war—add complexity. Divisions within the ECB are also growing, making it harder to predict the pace of future cuts.
The key concern is balancing inflation control with economic growth: aggressive easing could fuel inflation, while slow cuts might weaken recovery.
@ Newshounds News™
Source: Coinpedia
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BREAKING: TEXAS SENATE PASSES BITCOIN RESERVE BILL
This marks a major breakthrough for state-level SBR bills that so far have struggled to gain traction.
The Texas Senate has just voted in favor of a strategic Bitcoin reserve bill (SBR). The bill (SB21) has passed in a 25-5 vote. This marks a significant breakthrough for state-level SBR bills after some other states rejected them in quick succession.
Senator Charles Schwertner has stated that Bitcoin has proven itself to be "the most preferred because of its limited supply and adaptability."
The SB21 bill, which was originally filed on Feb. 12, stipulates that the reserve would be funded from appropriations, revenues as well as donations. It does not set a specific investment limit.
It allows investing in Bitcoin or an altcoin that has a market capitalization of at least $500 billion. Overall, more than 20 states have already introduced state-level SBR bills.
@ Newshounds News™
Source: U Today
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The Latest Bad Premise Could Be a Disaster for the US Dollar
The Latest Bad Premise Could Be a Disaster for the US Dollar
Notes From the Field By James Hickman (Simon Black) February 27, 2025
On October 20, 2022, Liz Truss resigned as UK prime minister after just 44 days in office—the shortest tenure in British history.
She was brought down not by a no-confidence vote or a party coup, but by a full-scale bond market rebellion.
Her government’s proposed mini-budget, featuring sweeping tax cuts, triggered a historic sell-off in UK government bonds (gilts), sending yields soaring and the pound crashing.
The Latest Bad Premise Could Be a Disaster for the US Dollar
Notes From the Field By James Hickman (Simon Black) February 27, 2025
On October 20, 2022, Liz Truss resigned as UK prime minister after just 44 days in office—the shortest tenure in British history.
She was brought down not by a no-confidence vote or a party coup, but by a full-scale bond market rebellion.
Her government’s proposed mini-budget, featuring sweeping tax cuts, triggered a historic sell-off in UK government bonds (gilts), sending yields soaring and the pound crashing.
As panic spread, the Bank of England was forced to intervene to prevent a financial meltdown, and with markets, party members, and the public losing faith, Truss’s premiership collapsed.
Such is the fate of governments when they don’t control the global reserve currency.
The US government should heed this warning.
But it seems more likely to barrel ahead with the false premise: America will always remain THE dominant global superpower that can do whatever it wants.
That’s the subject of today’s podcast.
We discuss these types of false premises— Iraq has weapons of mass destruction, it will take just two weeks to stop the spread of COVID— mistakes that over and over cost the US trillions of dollars.
And nowhere is this more egregious today than in the idea that the US dollar will remain the reserve currency, whatever the US does to push other countries away.
We talk about how a series of laws has escalated the weaponization of the US dollar, starting with the PATRIOT Act in 2001, then FATCA in 2010, and the freezing of Russia’s US assets in 2022.
Now, the Mar-A-Lago Accord is being floated, which includes an idea to strong-arm US allies into swapping their US Treasuries for 100-year, non-tradeable, zero-coupon bonds.
After all, the argument goes, the US provides defense for much of the world, it is only right that other nations should pay for it in some way.
But we discuss why this is such a bad idea, and how it will only push countries into finding alternatives for the US dollar, robbing the US of its power to influence global affairs with the currency, and stripping the US dollar of much of its demand, and therefore value.
You can listen to the full podcast here.
(For the audio-only version, check out our online post here.)
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
The Public Debt Explosion and What it means for Markets
The Public Debt Explosion and What it means for Markets
Kinesis Money: 3-6-2025
The world is drowning in debt. This isn’t breaking news, but the sheer scale and potential consequences of the ongoing public debt explosion are increasingly demanding attention.
In a recent episode of Kinesis Money’s “Talking Trades,” market analysts Patrick Karim and Kevin Wadsworth delved deep into this issue, exploring what runaway debt actually means for markets and investors.
So, what does this debt explosion entail? Simply put, it’s the rapid increase in the amount of money governments owe to individuals, businesses, and other countries.
The Public Debt Explosion and What it means for Markets
Kinesis Money: 3-6-2025
The world is drowning in debt. This isn’t breaking news, but the sheer scale and potential consequences of the ongoing public debt explosion are increasingly demanding attention.
In a recent episode of Kinesis Money’s “Talking Trades,” market analysts Patrick Karim and Kevin Wadsworth delved deep into this issue, exploring what runaway debt actually means for markets and investors.
So, what does this debt explosion entail? Simply put, it’s the rapid increase in the amount of money governments owe to individuals, businesses, and other countries.
This debt accumulates when governments spend more than they collect in revenue, forcing them to borrow to cover the shortfall.
The discussion also explored the implications for specific markets. Karim and Wadsworth pointed out that assets perceived as safe havens, like gold and silver, tend to perform well in environments of high debt and currency debasement.
They also emphasized the importance of carefully analyzing individual companies’ debt levels and financial health, as those with high debt burdens may be particularly vulnerable to rising interest rates and economic downturns.
The growing public debt explosion presents a complex and multifaceted challenge for markets and investors. While the exact timing and magnitude of its impact remain uncertain, the potential consequences are significant.
The key takeaway from Karim and Wadsworth’s analysis is the need for vigilance and informed decision-making. Investors should consider diversifying their portfolios, allocating assets to safe havens, and carefully evaluating the debt levels of the companies they invest in.
By understanding the potential risks and opportunities associated with the public debt explosion, investors can better navigate the turbulent waters ahead and protect their wealth.