
This High-Risk Gamble Is Putting The Future Of The US Economy At Stake
This High-Risk Gamble Is Putting The Future Of The US Economy At Stake
Notes From the Field BY James Hickman (Simon Black) March 24, 2025
Russian-born Lydia Lopokova was not happy with her accommodations at the posh Mount Washington Hotel. The world-famous former ballerina complained that, in room 219, “the taps run all day, the windows do not close or open, the pipes mend and unmend.” Not to mention the hotel pool was absolutely frigid, even for someone who had grown up in frosty Saint Petersburg.
Lopokova coped by practicing her ballet moves late in the evening-- the only time when the crisp New Hampshire mountain air made it tolerable enough to exercise
This High-Risk Gamble Is Putting The Future Of The US Economy At Stake
Notes From the Field BY James Hickman (Simon Black) March 24, 2025
Russian-born Lydia Lopokova was not happy with her accommodations at the posh Mount Washington Hotel. The world-famous former ballerina complained that, in room 219, “the taps run all day, the windows do not close or open, the pipes mend and unmend.” Not to mention the hotel pool was absolutely frigid, even for someone who had grown up in frosty Saint Petersburg.
Lopokova coped by practicing her ballet moves late in the evening-- the only time when the crisp New Hampshire mountain air made it tolerable enough to exercise.
But perhaps she was just being petty; US Treasury Secretary Henry Morgenthau was staying right below her in room 119… and Lopokova’s constant grande jetes and pirouettes reportedly kept him awake all night.
It was early July 1944. And delegates from all over the world had descended upon the picturesque town of Bretton Woods, New Hampshire for the most important monetary conference in history.
(The Mount Washington Hotel was specifically chosen because it was the largest structure in all of New Hampshire… and the only facility capable of accommodating such a large group.)
The event was truly international; the New Yorker magazine celebrated the “gathering of Colombians, Poles, Liberians, Chinese, Ethiopians, Filipinos, Icelanders, and other spectacular people.” Lopokova described the atmosphere as a “madhouse”.
But she had no choice… for her husband, the legendary British economist John Maynard Keynes, was the star of the show.
Keynes in many ways was like Albert Einstein-- he had transcended his profession and become something of a cultural icon. And all throughout the conference, other delegates waited patiently for a photo while reporters frantically wrote down his every utterance.
“Lord Keynes,” said his colleague Lionel Robbins, “was photographed from at least 50 different angles. . . Lord Keynes standing up, Lord Keynes sitting down . . . and so on and so forth.”
But despite Keynes’s celebrity and gravitas, it was the Americans who had called the Bretton Woods Conference… and it was the Americans who were running the show. The United States was out to create what one of Morgenthau’s top lieutenants had called “a New Deal for a New World”.
Everyone in room knew that World War II was nearing its conclusion. The Allied invasion of Normandy had succeeded, and Nazi general Gerd von Rundstedt was about to advise Hitler to make peace. So, it was time for the allies to contemplate a post-war future.
US President Franklin Roosevelt’s message to delegates was to “take counsel with one another” to determine “the shape of the future which we are to win.”
It was a polite gesture to pretend that there would be debate and compromise among the various nations. But it was clear to all that “the future” which Roosevelt referenced would be 100% dominated by the United States. And everyone had precisely 21 days to get on board the America Train.
The primary agreement was that the US dollar would be fixed to gold… and all other nations would peg their currencies to the US dollar. The dollar would become the global reserve currency.
Keynes was furious, and at one point he screamed at senior US officials over their “lunatic proposals.” (The New York Times wrote that “the majestic beauty of the surroundings is in striking contrast to the temporary bedlam which broke out” at the event.)
Great Britain was being stripped of all power and prestige-- even losing traditional export rights to its own colonies. For Keynes, the entire event was a constant, humiliating reminder that there was no room in the New World Order for Great Britain.
But Keynes was also realistic; British debt-to-GDP had swelled to a whopping 240% in 1944, up from just 29% prior to World War I. Britain simply didn’t have the economic muscle to be the world’s dominant superpower.
So, in the end, he signed the Bretton Woods Agreement (though later complained that no one had been given “a chance of reading through a clean and consecutive copy of the [final] document.”)
In other words, the contract which formally unseated Britain as the global economic superpower had its most preeminent economist’s signature on it.
We may very well be watching the early stages of a similar seismic shift in global finance-- a move that may displace the US as the global economic power. And in the end, there could likely even be a formal contract with a prominent American’s signature on it.
As one of Donald Trump’s top economic advisors, Stephen Miran, recently wrote, “We may be on the cusp of a generational change in the international trade and financial systems.” He would know; he coined the term “Mar-a-Lago Accord”, and its basic principles are playing out in real time.
Their central idea is to throw free trade and free markets out the window… and acknowledge that both (1) US-led global security and (2) access to America’s lucrative consumer market are esteemed privileges that foreign nations must pay handsomely for.
To be fair, the premises are not crazy. For example, they question why America should have “free trade” with a foreign nation that doesn’t respect US intellectual property rights. Or why the US should bear the costs of providing security to nations which don’t pay their NATO obligations in full.
These are not unreasonable assertions. But what they’re talking about is still a fundamental reset in the global financial system that has existed for decades. And that’s a high-risk gamble.
First off, countries must bow to America’s political agenda. If not, tariffs will be imposed. And these guys honestly believe that tariffs are revenue-positive.
Miran writes that “tariffs provide revenue, and if offset by currency adjustments, present minimal inflationary or otherwise adverse side effects. . .”
He then cites the 2018-2019 trade war against China as an example of tariffs not sparking inflation-- primarily because the Chinese devalued their currency. He ignores other examples (Smoot-Hawley) of tariffs wrecking the economy.
Furthermore, access to the US consumer market, plus the promise of security and military support, must be ‘bought’ by foreign governments and central banks who must swap their US government bonds for long-term “century” bonds which potentially pay no interest.
Again, countries which do not comply will face tariffs.
We’re already witnessing the plan’s first phase: tariffs on Canadian and Mexican products. Europe is on deck. This does not seem to be an idea or wild theory-- it’s happening right in front of us.
Will it work? Who knows. If the US government manages to browbeat enough nations into submission, it’s possible there could be some trade re-balancing, additional tax revenue, and decreased interest cost on the national debt.
But there’s also significant risk that even allied nations say, “enough is enough”, i.e. that they turn their backs on the US and dump the dollar for good.
In this case, the Mar-a-Lago proponents believe the Federal Reserve would step in to ‘print’ all the money necessary to finance the bond market.
Remember, during the pandemic, the Fed printed roughly $5 trillion… and we got 9% inflation. There’s $28 trillion worth of US government debt set to mature over the next four years alone. If foreigners turn their backs on the dollar, and the Fed has to print a good chunk of that $28 trillion, inflation could easily skyrocket.
Make no mistake-- this is a high stakes gamble with a potentially binary outcome.
They either succeed… and manage to reinvigorate America’s standing with most of the world; or they fail… and torpedo the US economy, spark a nasty bout of inflation, and destroy the US dollar’s dominance in global trade.
Either way, it means a new global financial system. And it’s playing out in front of our very eyes.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
Seeds of Wisdom RV and Economic Updates Tuesday Evening 3-25-25
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RIPPLE OPTS NOT TO CROSS-APPEAL AS SEC CASE NEARS RESOLUTION
Ripple Chief Legal Officer Stuart Alderoty posted on Wednesday on X his potential “last update” on the case. Alderoty noted that this would all be subject to a commission vote, final documents and standard court processes
▪️Ripple has decided not to file a cross-appeal, signaling that its long-running legal battle with the U.S. Securities and Exchange Commission is nearing an end, the firm's chief legal officer said Wednesday.
▪️Ripple Chief Legal Officer Stuart Alderoty posted on Wednesday on X his potential "last update" on the case following four years of back and forth between the two. Last week, Ripple CEO Brad Garlinghouse said that the SEC had pulled its appeal of part of an earlier ruling.
Good Evening Dinar Recaps,
RIPPLE OPTS NOT TO CROSS-APPEAL AS SEC CASE NEARS RESOLUTION
Ripple Chief Legal Officer Stuart Alderoty posted on Wednesday on X his potential “last update” on the case. Alderoty noted that this would all be subject to a commission vote, final documents and standard court processes
▪️Ripple has decided not to file a cross-appeal, signaling that its long-running legal battle with the U.S. Securities and Exchange Commission is nearing an end, the firm's chief legal officer said Wednesday.
▪️Ripple Chief Legal Officer Stuart Alderoty posted on Wednesday on X his potential "last update" on the case following four years of back and forth between the two. Last week, Ripple CEO Brad Garlinghouse said that the SEC had pulled its appeal of part of an earlier ruling.
A cross-appeal, which allows both sides to challenge different aspects of a court ruling, could have given Ripple a chance to contest its $125 million liability, but instead, Alderoty said the SEC will keep part of that amount and return the rest to the firm.
"The SEC will keep $50M of the $125M fine (already in an interest-bearing escrow in cash), with the balance returned to Ripple," he said. "The agency will also ask the Court to lift the standard injunction that was imposed earlier at the SEC’s request."
The SEC declined to comment. Alderoty noted that this would all be subject to a commission vote, final documents and standard court processes.
U.S. District Court for the Southern District of New York Judge Analisa Torres ruled in July 2023 that some of Ripple’s sales, called programmatic, of XRP did not violate securities laws because of a blind bid process in place for them. Torres, however, ruled that other direct token sales to institutional investors were securities.
That second part regarding institutional investors meant that Ripple would be fined $125 million.
The SEC has taken on a new direction since the new Trump administration rolled in, following former Chair Gary Gensler's exit in January. Under the previous Biden administration, Gensler had said most cryptocurrencies were securities and called on crypto platforms to register with the agency. While the agency brought cases against major crypto exchanges and firms under Gensler’s reign, the case against Ripple was brought before Gensler became chair.
Over the past several weeks, the SEC has rescinded controversial crypto accounting guidance, looked to re-examine rules affecting crypto, created a crypto task force and issued statements on memecoins and proof-of-work.
@ Newshounds News™
Source: The Block
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RIPPLE WALKS AWAY PAYING JUST $50 MILLION TO SEC OVER XRP LAWSUIT
The SEC first sued Ripple Labs in 2020.
Ripple Labs has agreed to pay a $50 million fine to end the U.S. Securities and Exchange Commission’s years-long investigation into the Ripple-linked firm, the company’s Chief Legal Officer Stuart Alderoty said on Tuesday.
“The SEC will keep $50M of the $125M fine,” he wrote in a post on X, formerly known as Twitter, referring to the penalty Ripple Labs was ordered to pay by a New York court in August over unregistered XRP sales to institutional investors.
Alderoty said that Ripple has meanwhile agreed to drop its cross-appeal of U.S. District Judge Analisa Torres’ decision, which found that XRP is “not necessarily a security on its face,” especially within the context of programmatic sales to unknown buyers.
The SEC, under the leadership of former Chair Gary Gensler, sought a $2 billion penalty against ripple labs for what it claimed were unregistered securities transactions. The SEC first brought its lawsuit against Ripple Labs during President Donald Trump’s first administration.
Alderoty’s declaration follows Ripple CEO Brad Garlinghouse’s recognition that the SEC’s case has ended. He described it as a “long overdue surrender” on the regulator’s part last week.
The SEC’s about-face was widely expected following Trump’s reelection. Since Acting SEC Chair Mark Uyeda took over the agency’s reins, it has retreated from several enforcement cases, including those against the crypto exchanges Coinbase and Kraken.
Alderoty said on Tuesday that the decision is subject to Commission vote, echoing a video posted alongside Garlinghouse’s announcement last week.
A Ripple spokesperson told Decrypt then that the “timeline is completely in the SEC's control,” and it may take “several weeks” for the case to be officially withdrawn.
@ Newshounds News™
Source: Decrypt
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FRANK26….3-25-25…..NOT FOR 1310
KTFA
Tuesday Night conference Call
FRANK26….3-25-25…..NOT FOR 1310
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Tuesday Night conference Call
FRANK26….3-25-25…..NOT FOR 1310
This video is in Frank’s and his team’s opinion only
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… ORANGE=IMPLEMENTATION
Tuesday Evening Chat With MarkZ
Tuesday Evening Chat With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good evening one and all
Member: Bring us some good news Mark!
Tuesday Evening Chat With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good evening one and all
Member: Bring us some good news Mark!
MZ: “Sudanese: Iraq is witnessing a state of recovery, growth, progress and prosperity” they are talking about peace and also how they are folding the militias into the military. This is an important piece for the US.
MZ: “Iraq is entering a new trade era and is approaching the path of development” They are working on floating gas platforms and the development road…..and all of Iraq’s future potential. This development road might well make the Suez canal unimportant.
Member: Frank is excited for this week.
Member: Frank said he is wearing his CHAMPAIGNE suit this Friday for the 1st ever.
MZ: I am still hearing from different groups that they are still moving people and getting them into place. But there is a concerted effort to squash leaks so it doesn’t hurt the timing. I will respect that.
MZ: We do not know the timing but from the movement of people-things appear to be very close.
MZ: I am still waiting for some of the bigger bond holders to have spendable dollars. Not from a flipper. These are friends of mine in “real-life” and I think this could happen at any moment. Some have meetings late this week where they expect to be fully funded…..we will see. .
Member: There is many rumors about Wednesday -Thursday we could expect notifications? Let's hope so !!!
Member: how about rates on Indonesian rupee?? ANYBODY know anything on that one?
Member: Its been surmised to be at the same rate for many years $1.47 per each USD
Member: Everyone have a good evening. Sweet dreams and maybe more good news in the morning
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
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Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS
Iraq Economic News and Points to Ponder Tuesday Afternoon 3-25-25
MP: The 2025 Budget Amounts To 216 Trillion Dinars, And Sending Its Schedules To Parliament Has Been Postponed
Deputy Chairwoman of the Parliamentary Finance Committee, Ikhlas al-Dulaimi, ruled out on Tuesday the government's submission of the 2025 budget tables within the next two months, confirming that their total value amounts to 216 trillion dinars.
Al-Dulaimi explained that the Ministry of Finance has not yet sent the 2025 budget tables to the Council of Ministers, even though the Financial Management Law stipulated that they be submitted in October 2024 for approval before the start of the new year.
MP: The 2025 Budget Amounts To 216 Trillion Dinars, And Sending Its Schedules To Parliament Has Been Postponed
Deputy Chairwoman of the Parliamentary Finance Committee, Ikhlas al-Dulaimi, ruled out on Tuesday the government's submission of the 2025 budget tables within the next two months, confirming that their total value amounts to 216 trillion dinars.
Al-Dulaimi explained that the Ministry of Finance has not yet sent the 2025 budget tables to the Council of Ministers, even though the Financial Management Law stipulated that they be submitted in October 2024 for approval before the start of the new year.
She added that the actual spending in the budget is estimated at 160 trillion dinars, noting that the Ministry of Finance has not yet completed preparing the tables, which could lead to postponing the budget approval until after the election.
The Iraqi Parliament voted last February on the first amendment to the Federal General Budget Law for the fiscal years 2023, 2024, and 2025. https://www.radionawa.com/all-detail.aspx?jimare=41469
Iraq Suspends Official Work Throughout The Next Week
Local Economy News – Baghdad The Council of Ministers decided, on Tuesday, to suspend official work throughout the coming week on the occasion of Eid al-Fitr.
The Prime Minister's Media Office said in a statement received by Al-Eqtisad News that "the Council of Ministers has decided to suspend official work throughout the coming week on the occasion of Eid al-Fitr." https://economy-news.net/content.php?id=53783
Prime Minister's Advisor: Iraq Attracts Major Us Investments
The Prime Minister's Advisor for Foreign Relations, Farhad Ala'aldin, confirmed on Tuesday that Iraq's economic development has attracted major American investments, pointing to an upcoming visit by a high-level US delegation to study investment opportunities in Iraq.
Ala'aldin explained in a statement that "the relationship between Iraq and the United States is a strategic one based on common interests and mutual respect, in accordance with the Strategic Framework Agreement between the two countries."
He stressed that the two sides are working to develop a roadmap to expand and deepen this relationship and enhance cooperation in areas such as investment, infrastructure development in the energy, technology, and agriculture sectors, in addition to continuing the partnership in the fight against terrorism and regional and international coordination.
He pointed out that Iraq is witnessing remarkable economic development that provides promising opportunities in several vital sectors, explaining that there is growing interest from the United States to invest in the Iraqi market. He pointed out that there is ongoing communication with major American companies wishing to enter the Iraqi market, in light of the government's facilitations to ensure an attractive investment environment.
Ala'aldin also announced an upcoming visit by a high-level delegation of American companies to discuss investment opportunities in Iraq, in addition to holding meetings with government officials and local companies.
Regarding the Prime Minister's official visits, Alaa El-Din emphasized that each visit is organized according to a schedule and program that serves the common interests of both countries. He added that a visit to a regional country is coming soon, followed by preparations for the Arab Summit, which comes at a sensitive time given the security and political challenges facing the region. https://www.radionawa.com/all-detail.aspx?jimare=41473
Oil Exploration: We Possess Modern Technologies That Rival International Companies
Energy Economy News – Baghdad The Oil Exploration Company announced on Tuesday that it possesses modern global technology comparable to that of international companies. It also indicated a five-year plan for exploration and determining the size of oil reserves.
"The Oil Exploration Company is the only company in Iraq that explores oil and gas sites across Iraq, from north to south," said Osama Raouf, the company's general manager, in an interview with the Iraqi News Agency, followed by "Al-Eqtisad News."
He explained that "the size of Iraqi explorations in relation to reserves is measured through a five-year plan and an annual plan, whereby plans are measured in relation to the size of reserves existing in Iraq. The larger the exploration plan, the greater the percentage of reserves in Iraq."
He added that "the percentage of reserves is primarily due to exploratory drilling operations. The more exploratory drilling sites there are, the greater the reserves in Iraq."
He explained that "reserves in Iraq are due to increased exploratory drilling and the discovery of new reservoirs, both visible and invisible, that were not previously explored and were recently explored."
He continued, "The Oil Exploration Company possesses modern global technology that matches the technologies found in international companies," stressing that "the company relies primarily on 100 percent national cadres.
We do not have experts, but we have global technologies that match the technologies of international exploration companies." https://economy-news.net/content.php?id=53776
Iraq Begins Implementing The TIR System: A Step Towards Boosting International Trade And Reducing Transportation Costs
Buratha News Agency832025-03-25 The American Transportation Bulletin, a website specializing in commercial shipping affairs, stated that Iraq will begin implementing a global transportation system next week, marking the beginning of a new era in logistics and international trade.
The website's report explained that the TIR system will become fully operational when it goes live in Iraq on April 1, 2025. TIR is an international customs transit system that allows goods to pass from the country of origin to the country of destination in sealed loading containers with customs controls throughout the supply chain, helping transportation companies and customs authorities save significant time and money at the border.
The report also noted that this important achievement strengthens Iraq's position as a major trading hub in the Middle East, making the transport of goods more efficient and secure across and beyond Iraq's borders.
In addition, the report stated that the TIR system will play a significant role in transforming Iraq's "Development Road" project into reality, which will connect southern Iraq to northern Iraq and provide an efficient trade corridor linking Asia, the Gulf Cooperation Council countries, Turkey, and Europe.
According to the report, logistics and transportation companies are ready to begin implementing TIR operations from points of origin such as Mersin in Türkiye to GCC countries via the Iraqi port of Umm Qasr.
Trial operations have shown that this journey can be completed in less than a week, compared to a minimum of 14 days via the Red Sea, or 26 days if the ship has to make a circuit around Africa.
In contrast, Iraqi Minister of Transport Razzaq Al-Saadawi stated: "The operation of the TIR system in Iraq, in which the IRU played a significant role, represents a major achievement, positioning the country for a new phase of potential investment and inter-trade with our neighbors and other countries in the region."
Al-Saadawi added that TIR will benefit from Iraq's strategic location, contributing to enhancing the efficiency of cross-border trade. He noted that this move, supported by Prime Minister Mohammed Shia al-Sudani, will reduce transportation time by 80% and costs by 38%, providing significant economic benefits and job opportunities.
Al-Saadawi added that Iraq has worked to develop its land transport infrastructure over the past two years in cooperation with all relevant stakeholders, and that the government is committed to maximizing the benefits of the system to support the transport sector and the national economy.
For his part, IRU Secretary General Umberto de Pretto expressed his enthusiasm for this "historic" achievement, saying: "For nearly eight decades, the TIR system has contributed to promoting safe trade, and I look forward to seeing the first TIR truck cross Iraqi territory."
He explained that these trucks will transit the country smoothly through corridors that provide a high level of security, opening a new chapter in Iraq's role in international trade.
The report concluded by emphasizing that integrating the electronic pre-declaration system with the local Iraqi TIR platform will allow for advance submission of shipment information, enhancing the efficiency of customs procedures.
Meanwhile, stakeholders will be able to closely monitor trucks using GPS technology, with regular checkpoints to ensure the safety of shipments and transportation so they reach their final destination safely and on time. https://burathanews.com/arabic/economic/458009
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 3-25-25
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RIPPLE LAWSUIT NEWS: XRP COMMUNITY SEEKS MASSIVE $500 BILLION RESTITUTION AFTER SEC FALLOUT
▪️Jimmy Vallee seeks $500B restitution for XRP holders, arguing SEC’s lawsuit caused massive losses and stunted XRP’s price potential.
▪️Vallee’s Crypto Justice Coalition pushes for XRP investor compensation, bypassing courts to negotiate alternative legal solutions
Good Afternoon Dinar Recaps,
RIPPLE LAWSUIT NEWS: XRP COMMUNITY SEEKS MASSIVE $500 BILLION RESTITUTION AFTER SEC FALLOUT
▪️Jimmy Vallee seeks $500B restitution for XRP holders, arguing SEC’s lawsuit caused massive losses and stunted XRP’s price potential.
▪️Vallee’s Crypto Justice Coalition pushes for XRP investor compensation, bypassing courts to negotiate alternative legal solutions
Jimmy Vallee, founder of Valhil Capital, is pushing for a massive $500 billion restitution for XRP holders. This push comes in response to the U.S. Securities and Exchange Commission’s (SEC) 2020 lawsuit against Ripple, which alleged that XRP sales were unregistered securities offerings.
The lawsuit triggered a major selloff, causing XRP’s price to drop by nearly 75%, and many exchanges removed the token from their platforms, further damaging its market position. Vallee, along with his firm, believes that without the SEC’s interference, XRP could have followed a price path similar to that of Bitcoin or Ethereum. He argues that XRP’s price could have easily exceeded its previous all-time high of $3.84, potentially reaching $10 today.
Jimmy Vallee’s $500 Billion Restitution Push
To help address these alleged injustices, Vallee has launched the Crypto Justice Coalition, which aims to secure financial compensation for affected XRP holders. Vallee claims that over 76,000 XRP holders, represented by attorney John Deaton during the Ripple case, should be eligible for a portion of the proposed $500 billion restitution.
Following the SEC’s decision to drop its lawsuit against Ripple, the call for compensation has gained fresh momentum. Vallee has stated that he does not intend to pursue compensation through the federal court system, citing concerns about the potential bias within the courts. Instead, he is looking into alternative legal routes and possible negotiations with regulators to resolve the issue.
The Future of XRP and Market Recovery Prospects
Vallee’s proposal for a $500 billion restitution stems from the significant market opportunities lost due to the SEC’s actions. Currently, XRP’s market cap is around $140 billion, but if its price had followed Vallee’s projection of $8 to $10 per token, the market cap would have surpassed $500 billion.
@ Newshounds News™
Source: Coinpedia
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BRICS NATION STRIKES MAJOR DEAL WITH THE US: WHAT TO KNOW
Although both sides have had a contentious first three months of the year, one BRICS nation has made a major deal with the US. Indeed, the United Arab Emirates (UAE) made headlines last week when it announced a $1.4 trillion investment framework in the United States. Now, the geopolitical landscape is asking just what it means for both sides.
The economic alliance has been on the receiving end of the ire of US President Trump since his election win in November of last year. He has maintained his focus on ensuring the status of the US dollar as a global reserve asset does not change. In doing that, he has targeted the BRICS bloc. Specifically, he has answered their de-dollarization efforts with aggressive economic policy.
UAE & US Make Major Deal: So What Does That Mean for BRICS?
The last three months have seen increased geopolitical tensions between the West and the Global South. For the last two years, the latter has sought to promote the use of local currencies in its trade dealings. That has been a focal point for the alliance as it pursued ways to level the playing field of global economies.
However, the tensions between the BRICS and the US took an interesting turn last week when the UAE struck a deal with the Trump administration. Moreover, they agreed to a 10-year agreement that will see them inject the Western power with an influence of capital. The deal came together quickly, with the agreement coming just days after the US president and UAE officials met.
So, what exactly does this mean for the economic alliance? The UAE is very much engaged in the bloc’s continued development. In fact, Monday saw Russia and the country meet to discuss the strengthening of their cooperation. That would lead some to believe that the alliance has come to an end in the traditional sense.
Yet that has been rejected by India in a recent statement. Indeed, the nation’s External Affairs Minister, Dr. S. Jaishankar, discussed the belief that the bloc is “disintegrating” under the weight of US tariff threats. He clearly spoke out against such accusations, claiming that the bloc was continuing its growth efforts as a collective.
The reality is that this may be the bloc evolving past its de-dollarization efforts. Many of the participating countries have sought to challenge the belief that they want to end the greenback. Therefore, it looks as though that has become their primary function.
Specifically, the BRICS bloc is set to embrace trade and economic access for developing nations. In the meantime, they will seek to challenge the unbalanced global hierarchy that sees the United States as the dominant force. As long as they don’t target the US dollar directly, President Trump may just be able to live with that.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
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They Debased USD Reserve and Destroyed our Industries
They Debased USD Reserve and Destroyed our Industries
Liberty and Finance: 3-24-2025
The U.S. economy has been grappling with persistent trade deficits for decades, sparking heated debates about their impact on American manufacturing, jobs, and overall prosperity.
In a recent discussion with Liberty and Finance, journalist and founder of The Brownstone Institute, Jeffrey Tucker, delved into the intricate web of factors contributing to these deficits and offered a compelling perspective on potential solutions.
They Debased USD Reserve and Destroyed our Industries
Liberty and Finance: 3-24-2025
The U.S. economy has been grappling with persistent trade deficits for decades, sparking heated debates about their impact on American manufacturing, jobs, and overall prosperity.
In a recent discussion with Liberty and Finance, journalist and founder of The Brownstone Institute, Jeffrey Tucker, delved into the intricate web of factors contributing to these deficits and offered a compelling perspective on potential solutions.
Tucker began by exploring the historical trajectory of American manufacturing, lamenting the decline in factories and the loss of domestic production. He argued that a complex interplay of factors, beyond simple protectionism, has contributed to this shift.
Highlighting the global reach and influence of the U.S. dollar, Tucker explained its crucial role in international trade. The dollar’s status as the world’s reserve currency, while offering certain advantages, also creates unique challenges in addressing trade imbalances.
One of the key concepts Tucker emphasized was the importance of the price-specie flow mechanism, a classical economic theory that describes how trade imbalances are naturally corrected over time.
This mechanism posits that a nation with a trade deficit will experience an outflow of gold (or other precious metals, historically), leading to a decrease in its money supply and a subsequent fall in prices. This, in turn, makes its goods more competitive on the global market, eventually correcting the trade imbalance.
However, Tucker argues that this natural corrective mechanism has been significantly hampered by modern monetary policies and interventions. He criticizes government policies that distort market signals and interfere with the natural flow of capital.
Tucker also acknowledged the complexities arising from global currency dynamics, recognizing that international trade is not simply a matter of bilateral agreements between nations. He argued that understanding and adapting to the ever-changing global economic landscape is crucial for navigating the challenges of trade deficits.
Ultimately, Tucker’s perspective offers a sobering yet optimistic view of the path forward for the American economy. By embracing policies that promote economic freedom, reduce government intervention, and foster a competitive business environment, he believes the U.S. can revitalize its manufacturing sector, improve its trade balance, and secure a more prosperous future.
His insights provide a valuable contribution to the ongoing debate surrounding trade deficits and offer a framework for considering alternative approaches to economic policy.
While the solutions are complex and multifaceted, Tucker’s emphasis on deregulation, free markets, and sound monetary policy offers a compelling starting point for a much-needed conversation.
Tuesday Coffee with MarkZ. 03/25/2025
Tuesday Coffee with MarkZ. 03/25/2025
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
Member: Happy Tuesday Morning
Member: I hope all of you know how delightful you are and how much you brighten my day!
Tuesday Coffee with MarkZ. 03/25/2025
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
Member: Happy Tuesday Morning
Member: I hope all of you know how delightful you are and how much you brighten my day!
Member: Lots of rumors that things are moving in Columbia.
MZ: On the bond side. Lots of back and forth. Some are very excited and believe they are getting their final contracts…Some say they are seeing dollars move. Then others saying no…..they are just going to flip theirs. (Sell to a bond flipper for much less then final price would have given them- Then the flipper resells them)
MZ: Not all bond contacts are MIA…some are just refusing to speak. Some go straight to voice mail…..some are expecting final contracts.
Member: How does this work…the very wealthy get their monies and the rest-whenever???
Member: Wish there were currency flippers so many of us could sell some . Even at a low rate it would sure help me hold on till RV finally happens.
MZ: There were some rumors it was going overnight last night …but I wasn’t seeing key people where they were supposed to be yet. Many are still in transit. So I wasn’t expecting it last night.
Member: I was bummed that Mr. C doesn’t think we will see the RV until later in the year.
MZ: I think it will be a lot sooner than that. Mr. C likes to think “further out” as it helps him deal with the roller coaster.
Member: And if its earlier than he expect it’s a nice “surprise”
Member: I used to like roller coaster…..Now, I never want to ride another one…..
Member: I just don’t understand how the bondholders are in the process of getting paid and we would be so far out. It just wouldn’t make sense.
Member: there are many good bank stories out there
MZ: And from banks….it seems like all of them are expecting foreign currency exchanges.
Member: Mark Z and crew .is it true that the flip of the switch could come any time of day not just overnight….. curious
Member: So is the big excitement about April 2nd another groundhog day letdown?
Member: I think it’s just about US tariffs starting….nothing to do with currencies. Not expecting anything then.
MZ: “ To discuss investment opportunities- American delegation to Iraq soon” Big business leaders will be coming….They want to discuss business and long term cooperation throughout the region. They also want to discuss the new security and stability in Iraq.
MZ: Lots of ping pong news coming out of Iraq today .
Member: What ever happened to the budget tables?
Member: Still not passed…and still not done.
Member: Parliamentary confirmation of the resumption of parliamentary sessions and calling on the government to expedite the submission of budget schedules."
MZ: From a former parliament member “ Parliament finance excludes sending budget tables within 2 months. That’s its value” In other words they are still hiding that value in the budget. This is similar to what we saw in Kuwait just before they RV’d. So I am hopeful this is not a delay and just them putting a smoke screen in front of our eyes.
Member: Mark all this talk about the 31st and Iraq starting over ? It could that just mean Iraq has to pay a penalty on new oil contracts-IMO
MZ: “ Iraq rolls out TIR –An historic step toward boosting international trade and reducing transport costs” this is important as it deals with the financial borders they had to control. I was told this is a key step as they lock down and control their financial borders . This begins next week….more fees, tariffs and tax income.
Member: Is Venezuelan Bolivar in the first basket?
Member: supposed to be… I;m taking mine- just in case
MZ: I’m hopeful it will be…just not 100%
Member: If only the iqd an vnd go first….. I wonder what will stop people from going to get more ?????
Member: I hope they have a deadline when they want to wrap this up by? And I hope its soon.
Member: Hopefully this is the week!!
Member: How do you manage to keep strength to keep on doing this Mark? After all these years of doing this is phenomenal! You must get intel we do t to keep your faith up.
Member: thanks for always feeling positive Mark….We appreciate you.
There is a health guest on “Red Light Therapy” on stream today. Please listen to replay for their 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 TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS! FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS
News, Rumors and Opinions Tuesday 3-25-2025
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 Tues. 25 March 2025
Compiled Tues. 25 March 2025 12:01 am EST by Judy Byington
Global Currency Reset: (Rumors)
Mon. 24 March 2025 Wolverine: I just received news from a group saying that payments are approved and it’s on it’s way. This is our week everyone (allegedly) . God bless you all. Your friend and servant Wolverine
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 Tues. 25 March 2025
Compiled Tues. 25 March 2025 12:01 am EST by Judy Byington
Global Currency Reset: (Rumors)
Mon. 24 March 2025 Wolverine: I just received news from a group saying that payments are approved and it’s on it’s way. This is our week everyone (allegedly) . God bless you all. Your friend and servant Wolverine
Mon. 24 March Mr. Pool: Tier4b activation has begun. Final execution (allegedly) underway. The wait is over. The first notifications will be given today Mon. 24 March and tomorrow Tues. 25 March.
The global financial system is in the midst of transition. Major banking institutions in Zurich, Reno, and Hong Kong have entered their final liquidity phase. Key sources confirm that notifications are being sent right now. This is not speculation, IT IS HAPPENING NOW!
BREAKING NEWS: HISTORIC MOVES UNDERWAY! Multiple sources report that high-value transactions are being cleared through the QFS, ensuring large-scale liquidity deployment across multiple levels. Private banking sources confirm that funds are being transferred to designated accounts. This is the (allegedly) FINAL STAGE before public launch!
URGENT: BANK SCREENS NOW DISPLAYING LIVE TRADING RATES! (allegedly)
PRIVATE JETS LANDING – HIGH-LEVEL TRANSACTIONS CONFIRMED!
Military and government agents have arrived in Reno and Hong Kong. Elite banking officials are being escorted under security protocols; something historic is happening.
THE NEXT 6-12 HOURS ARE CRUCIAL! The Deepstate Cabal has lost control: desperate moves are being halted in real time. The new gold-backed financial system IS (allegedly) HERE. This is global economic liberation in ACTION. THE FINAL SWITCH IS FLIPPING! BE PREPARED! Keep an eye on your inbox. Once this process is complete, NOTHING CAN STOP IT. (allegedly) …MR. Pool
Sun. 23 March 2025 Mr. Pool on Telegram: Military oversight active! IQD: $10.21, VND: $6.42, ZIM: special handling. Early Tier 5 reports indicate full accessibility within hours! Public trade screens (allegedly) go live tonight. Tier 4B confirmations now trickling into secure drop zones. Screens are going black. Then green. The final sequence has initiated – emails, calls & appointments being quietly issued to pre-cleared participants. Citibank, HSBC, Wells Fargo, and Bank of America have moved into isolated mode – all Tier 1 branches now under elevated comms lockdown. No public-facing alerts. No press releases. Only silence. Why? Because this isn’t about the public anymore. It’s about precision. Everything is unfolding exactly as planned.
Sat. 22 March 2025 Wolverine: “It’s official. That’s all I’m allowed to say.
Sun. 23 March 2025 Digital Dinar on X: “Tier 1 + 2 are fully liquid Tier 3 funds have all been moved and are ready to be processed. Many have been paid. Some are still on stand-by, but are fully funded. 4A + 4B will move at the same time. Very quickly. https://t.co/nFaxSh9ReC https://x.com/EXIT_FIAT/status/1903752272301130056 https://x.com/EXIT_FIAT/status/1903752272301130056?t=YMgHaK2W2PReHQXAKCoMyA&s=09
Mon. 24 March 2025: The Federal Reserve was under the U.S. Treasury in 2017. At that point, the FED was (allegedly) GONE. Also at that point, the I.R.S., (the strong arm of the FED, also NOT even located inside the U.S. (listed as being in Puerto Rico), was also (allegedly) dismantled. ALL MONIES have been stored securely to be re-distributed to the US taxpayers. Why do you think D.O.G.E. is *REALLY* here? It’s “Routing out the corruption”. They HAVE to SET THE STAGE for HOW WE GET OUR FINANCES RETURNED BACK TO US… It’s already(allegedly) done. We are just tyin’ up loose ends at this point as it all plays out on the REALM STAGE …Anon on Telegram
Read full post here: https://dinarchronicles.com/2025/03/25/restored-republic-via-a-gcr-update-as-of-march-25-2025/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick Before EID you don’t want to do anything. Because before EID is Ramadan. Ramadan is holy time but during EID or just before EID, wow! That would give them something to celebrate about don’t you think!? You don’t celebrate during the holy days, during Ramadan.
Clare Article: “Sistani’s office: Monday, March 31, is likely to be Eid al-Fitr” Quote: “The office of the highest religious authority, Grand Ayatollah Ali al-Sistani, announced on Sunday that Monday, March 31, is expected to be the first day of Eid al-Fitr.”
Frank26 Security and stability. How do we get that? You got to control those that are stealing the currency, the exchange rate. You got to control those auctions…They gave us a punished sanctioned rate. We can get our rate back, this is an RI, it’ll be reinstated but we need security and stability that’s all there is to it. You can ask me a bunch of questions says Dr. Shabibi, rest his soul, you can ask me a billion questions but every one of them will have the same answer – I need security and stability…The only way to get it is to get rid of the stupidity inside of Iraq…
COMEX Gold Squeeze: Unprecedented Deliveries Threaten the System – Mike Maloney
3-25-2025
Wondering why the COMEX (Chicago Mercantile Exchange) is feeling the heat?
In this video, Mike Maloney dives into the soaring gold deliveries that could break all-time records—and how margin hikes signal a system under stress.
Discover why heavy physical demand for gold could threaten the fractional reserve framework, as mutual funds, ETFs, and Swiss refiners scramble to supply the U.S. and the UK.
Plus, get an inside scoop on Mike’s upcoming appearance at Jason Hartman’s Empowered Investor Live (April 4–6 in Irvine, CA), where he’ll explore what these unfolding events mean for you and your portfolio.
Iraq Economic News and Points to Ponder Tuesday AM 3-25-25
Iraq Confronts Economic Crises With Digital Dinar, Parallel Market Threatened With Extinction
Reports Economy News – Baghdad The Central Bank of Iraq is preparing to launch the digital dinar,
marking the transition to digital currency management. The digital dinar is a digital currency issued by the central bank, officially part of a country's monetary system.
It is similar in value to the traditional dinar, but is traded electronically via digital wallets or approved financial applications.
Iraq Confronts Economic Crises With Digital Dinar, Parallel Market Threatened With Extinction
Reports Economy News – Baghdad The Central Bank of Iraq is preparing to launch the digital dinar,
marking the transition to digital currency management. The digital dinar is a digital currency issued by the central bank, officially part of a country's monetary system.
It is similar in value to the traditional dinar, but is traded electronically via digital wallets or approved financial applications.
It
facilitates instant money transfers within the country or across borders,
reduces the logistical burden of issuing paper or metal currency, and
enables broader segments of society to access digital financial services.
This project comes in light of the
significant economic challenges facing Iraq, such as its
heavy reliance on paper money and the phenomenon of
hoarding.
The digital dinar aims to address these challenges by providing a safe and effective digital alternative to paper money.
Central Bank Governor Ali Al-Alaq had previously stated during a speech he delivered at the Finance and Banking Conference and Exhibition that
"the financial and banking system will witness fundamental transformations, including the
decline of paper currencies and their
replacement by digital payments for central banks." He explained that
"the Central Bank is moving to create its own digital currency, which will gradually replace paper transactions, as is the case with some central banks around the world."
Mazhar Saleh Mohammed, the Prime Minister's advisor for financial and banking affairs and former deputy governor of the Central Bank,
highlighted the
importance of the digital dinar and
its relationship to the dollar exchange rate in local markets.
Speaking to Al-Eqtisad News, Mohammed emphasized that the
digital dinar is a global trend in the development of payment systems, particularly in the description of monetary units that will acquire digital rights bearing the same legal force issued by the monetary authority as banknotes in the discharge of debts, as
they are units of
account,
exchange, and
storage of value
within the digital economic community and via a highly sophisticated, rapid, and accurate information system.
He added that these monetary units will be used with
high transparency to
cover various real transactions of goods and services, as well as to
settle small and large obligations. He noted that
all exchange transactions will be transparently recorded between traders, up
to the point of purchasing a loaf of bread, under the supervision of the monetary authority, thus
ending the ambiguous or illegal uses of money once and for all.
Regarding the digital dinar's relationship to exchange rates,
Al-Sudani's advisor explained that the
official exchange rate will be the prevailing and sole rate, the digital exchange rate adopted by monetary policy.
The parallel market will disappear in its current form, as
it is difficult to invent a secondary digital market whose operations operate outside the control of the digital monetary authority. However,
usurious digital markets may emerge among the same traders. He pointed out that the
digital cash system provides the banking system with sufficient digital cash liquidity to grant loans without the risk of liquidity risk within banking markets.
This
encourages investors to borrow easily,
increases economic growth levels, and
promotes sustainable development. It also
facilitates access to global digital exchanges for global payments and settlements.
"Introducing digital currency requires two things," according to the Prime Minister's advisor. He explained that the
first is a high level of public awareness of the digital monetary system, while the
second is the availability of an advanced information, communications, and data technology infrastructure that evolves continuously over time. He pointed to the
need for a legal infrastructure to protect digital currency transactions, particularly in
protecting the rights of users to their income and wealth, which
cybersecurity provides against any dangerous digital breaches.
Many questions are being raised about the digital dinar and its differences from cryptocurrencies, which economic expert Ziad Al-Hashemi answers. Al-Hashemi points to
a "significant difference" between digital currencies and cryptocurrencies:
"The former are issued and regulated by central banks, such as the digital dollar and the digital dirham, while
cryptocurrencies such as Bitcoin are not subject to any official authority and
their value depends on supply and demand, making them highly volatile." He stated that
if the Central Bank of Iraq issues the digital dinar,
it will be the sole entity
controlling the issuance and distribution of the digital currency,
facilitating oversight and
preventing financial crimes,
unlike cryptocurrencies, which operate on a decentralized system that is difficult to control. He pointed out that the
digital dinar will be fully backed by the central bank and have a relatively stable value, similar to paper currency.
However, it will be
traded electronically only through bank accounts and wallets, contributing to
reducing the use of paper money,
achieving financial inclusion, and
reducing reliance on the dollar in daily transactions. Al-Hashemi noted that the
primary goal of this step is to eliminate the phenomenon of cash hoarding, whereby citizens hold large sums of money outside banks due to lack of confidence in the banking system.
This hinders the flow of funds and negatively impacts economic activity.
If the project implemented well, the
digital dinar could help
disburse hoarded liquidity and
stimulate lending and credit.
views 1872 Added 03/17/2025 - 10:31 AM
https://economy-news.net/content.php?id=53480
Rafidain Bank Director: Money laundering poses a direct threat to economic systems.
March 24, 2025
Baghdad/Iraq Observer
Rafidain Bank's General Manager, Ali Al-Fatlawi,
highlighted the importance of the AML system in enhancing financial transparency, noting that
the bank has taken important strategic steps in the field of combating money laundering and terrorist financing. “In light of the
escalating challenges associated with financial crimes globally, anti-money laundering (AML) systems have become a top priority for financial institutions and governments, as
they are the cornerstone of protecting the integrity of financial markets and enhancing economic stability,” said Ali Al-Fatlawi, General Manager of Rafidain Bank, in a televised interview followed by “Iraq Observer.”
He indicated that
“with countries committed to implementing strict international standards in this area,
Rafidain Bank stands out as a leading Iraqi financial institution that has adopted the latest monitoring and compliance systems,
which strengthens Iraq’s position in the global financial system.”
Regarding the importance of the anti-money laundering system and its role in financial stability, Al-Fatlawi explained that
“money laundering poses a direct threat to economic systems, as
it enables illegal activities to integrate into the financial system,
leading to monetary instability and weakening economic policies.” He added,
“For this reason, financial institutions implement strict measures to ensure compliance with global standards, such as the Financial Action Task Force (FATF) recommendations, which establish a comprehensive framework to combat these financial crimes.” He pointed out that
“the Anti-Money Laundering (AML) system aims to prevent, analyze, and detect suspicious financial activities,
through mechanisms that include:
- Customer identity verification (KYC) to ensure knowledge of the true sources of funds.
- Monitor financial transactions to detect any unusual activity.
- Immediately report suspicious transactions to regulatory authorities.
-Using modern technology in financial analysis to enhance the efficiency of detecting illegal activities.” He continued,
"These practices not only
enhance the transparency of financial markets, but also
contribute to raising countries' financial ratings and
improving the business and investment environment." He explained that
"Rafidain Bank, as a banking institution with a significant market share in Iraq,
continues its pioneering role in developing the local banking infrastructure in accordance with the latest international standards." He emphasized that "in recent years,
the bank has taken significant strategic steps in the field of combating money laundering and terrorist financing,
reflecting its unwavering commitment to enhancing financial transparency and achieving full regulatory compliance."
Regarding the launch of the Anti-Money Laundering (AML) system, he stressed that “in a qualitative step,
Rafidain Bank announced the launch of an advanced system to monitor daily banking transactions across its branches,
making it the first Iraqi bank to adopt this regulatory approach in accordance with the latest global banking technologies.” He noted that
“this project was implemented in partnership with specialized international institutions, as
it aims to analyze and track all financial transactions in real time, which contributes to
enhancing the level of banking security and
combating any illegal attempts at money laundering.” He explained that
"the system's first phase included six major branches of regulatory importance, including Al-Waziriyah, Al-Muheet, Al-Rafie, Al-Dura Oil Complex, Zurbatiyah, and Safwan,
with the plan to gradually expand to the remaining branches.
This system is characterized by its ability to:
-Identify suspicious financial activities immediately, enabling rapid response.
- Analyzing big data and its cross-reference with international sanctions lists, ensuring full compliance with regulatory standards.
-Improving financial audit efficiency by shifting from paper-based processes to smart digital systems. He pointed out that
"this initiative confirms that Rafidain Bank is adopting a proactive approach to combating financial crimes, which strengthens its position as a trusted banking institution within Iraq, regionally, and internationally."
Regarding the economic and regional repercussions of adopting AML systems in Iraq, Al-Fatlawi explained,
"Rafidain Bank's commitment to best practices in combating money laundering leads to strategic outcomes that extend beyond the bank itself to encompass the Iraqi economy as a whole.
Advanced banking systems that adopt cutting-edge AML technologies enable:
- Achieving financial stability by preventing illicit money flows, which may negatively impact cash liquidity and price fluctuations.
- Strengthening international banking relations, as compliance with global standards enhances opportunities for establishing partnerships with foreign correspondent banks, facilitating the smooth flow of financial transfers and foreign investments.
- Stimulating foreign direct investment, as international investors seek safe financial environments free from regulatory risks.
- Improving Iraq's global financial reputation, which will contribute to raising the Iraqi banking system's rating with international financial institutions. He continued,
"Rafidain Bank is at the forefront of banking transformation, as the
progress it has made in implementing anti-money laundering systems reflects its commitment to international standards and its keenness to protect the Iraqi banking sector." He indicated that
"by employing advanced financial technology, a strict commitment to transparency, and integration with international regulatory systems,
the bank continues its role as a pivotal financial institution in supporting financial integrity and economic stability." He continued,
"As the Iraqi banking sector continues its digital transformation,
Rafidain Bank's experience represents a successful model for balancing regulatory compliance with technological advancements,
paving the way for a more transparent and reliable banking future, both domestically and internationally." https://observeriraq.net/مدير-مصرف-الرافدين-غسل-الأموال-يمثل-ته/
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Tuesday Morning 3-25-25
Good Morning Dinar Recaps,
CRYPTO NEWS: ACTING CHAIR STANDS ALONE, VOTES AGAINST SUING MUSK FOR STOCK DISCLOSURE DELAY
▪️SEC lawsuit against Elon Musk faces internal divisions, with acting chair Mark Uyeda opposing legal action over Musk's Twitter stock purchase.
▪️Musk’s SEC lawsuit sparks debate on securities laws for tech executives amid shifting crypto enforcement and regulatory priorities.
Good Morning Dinar Recaps,
CRYPTO NEWS: ACTING CHAIR STANDS ALONE, VOTES AGAINST SUING MUSK FOR STOCK DISCLOSURE DELAY
▪️SEC lawsuit against Elon Musk faces internal divisions, with acting chair Mark Uyeda opposing legal action over Musk's Twitter stock purchase.
▪️Musk’s SEC lawsuit sparks debate on securities laws for tech executives amid shifting crypto enforcement and regulatory priorities.
The U.S. Securities and Exchange Commission (SEC) has faced internal divisions regarding its decision to pursue legal action against Elon Musk. Mark Uyeda, the acting SEC chair, was reportedly the only commissioner who opposed suing Musk over his delayed disclosure of his stock purchase in Twitter, now rebranded as X.
According to a report by Reuters, this decision comes at a time when the SEC is dealing with shifting priorities and challenges within the agency. The vote to determine whether Musk should face a lawsuit took place behind closed doors, with Uyeda breaking from the other commissioners who favored legal action.
The SEC had formally filed a lawsuit against Musk in January 2025, alleging that he violated federal securities laws by failing to disclose his acquisition of more than 5% of Twitter’s stock in 2022. This failure to file the necessary report allowed Musk to purchase additional shares at artificially low prices, potentially saving him millions of dollars.
SEC’s Changing Stance
The SEC has been adjusting its approach to regulating cryptocurrency, easing enforcement actions against companies such as Ripple, OpenSea, and Coinbase. This more lenient stance has sparked discussions about the agency’s evolving priorities.
Musk’s involvement in the Trump administration has also generated attention. He was appointed by former President Donald Trump to lead the newly established Department of Government Efficiency, a role designed to streamline regulatory practices. Musk’s relationship with Trump continues to raise speculation about potential influence on regulatory decisions.
The SEC’s case against Musk brings to attention the ongoing debate about how securities laws apply to tech executives, particularly in the changing digital asset space. The outcome of this lawsuit could have significant implications for future regulatory actions in the U.S.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
RIPPLE CEO BRAD GARLINGHOUSE PREDICTS ‘TRUMP EFFECT’ WILL SPARK CRYPTO ADOPTION WAVE IN 2025
Ripple CEO Brad Garlinghouse is predicting crypto adoption will soar this year as US President Donald Trump embraces the industry.
In a new interview with Fox Business, Garlinghouse says that since the United States is no longer stifling the crypto industry with unnecessary lawsuits and regulation by enforcement, the growth of the digital assets sector is poised to skyrocket.
“Once the United States government filed suit, we really were kind of frozen in the US market, and so about 95% of our customers today, Ripple’s customers, are non-US financial institutions, and those are some of the largest financial institutions, ranging from HSBC and BBVA to payment providers you wouldn’t necessarily have heard of. Markets like Japan, I think are still unlocking.
The market opportunity here is massive. You have trillions of dollars flowing cross-border globally. It’s still largely dominated by the Swift network, if you will. That’s a technology architecture that was developed 50 years ago. There’s an opportunity to modernize.
That takes time, particularly when you have a government in the US kind of combating that innovation. But that’s changing now. The Trump effect, if you will, is profound. You’re seeing that in asset prices, but you’re also going to see that in the adoption of these technologies.”
The Ripple CEO also says that blockchain technology may be adopted for a number of uses, including the trading of stocks and the selling and buying of real estate.
“We’re definitely already seeing a change in the domestic interest. These six weeks after President Trump was elected, we signed more deals in the United States than we had in the previous six months. So these are very innovative technologies.
I think they’re going to play out over 10, even 20 years, in terms of how they integrate and rewire the financial infrastructure of the United States. That’s across payments, that’s across even the settlement of maybe real estate transactions, securities transactions.
So I think we’re going to see this play out over a long arc, but the United States is finally unlocked, and I think people are underestimating how big that change is, and you’ll see that continue to play out this year.”
@ Newshounds News™
Source: DailyHodl
~~~~~~~~~
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