Seeds of Wisdom RV and Economic Updates Sunday Afternoon 4-27-25
Apr 27
Good Afternoon Dinar Recaps,
FEDERAL TAXES TO BE 'SUBSTANTIALLY REDUCED' ONCE TARIFFS SET IN: TRUMP
The US President previously floated the idea of eliminating the federal income tax altogether and replacing it with import duty revenues.
United States President Donald Trump recently said that federal income taxes would be "substantially reduced" or potentially eliminated once the tariff regime fully sets in.
Good Afternoon Dinar Recaps,
FEDERAL TAXES TO BE 'SUBSTANTIALLY REDUCED' ONCE TARIFFS SET IN: TRUMP
The US President previously floated the idea of eliminating the federal income tax altogether and replacing it with import duty revenues.
United States President Donald Trump recently said that federal income taxes would be "substantially reduced" or potentially eliminated once the tariff regime fully sets in.
In an April 27 Truth Social post, Trump added that the focus of the purported tax cuts would be on individuals making less than $200,000 per year.
The US President also said that the "External Revenue Service" — a reference to funding the federal government exclusively through import tariffs instead of the current model of collecting taxes through the Internal Revenue Service (IRS) — is materializing.
Eliminating the federal income tax would likely be a positive catalyst for asset prices, including cryptocurrencies, as the increase in disposable income should partially flow back into productive investments. However, this stimulative effect is not guaranteed.
Trump’s plan leaves analysts and markets doubting
Trump previously floated the idea of eliminating the federal income tax in an October 2024 appearance on the Joe Rogan Experience, although Trump, who was on the campaign trail at the time, provided scant concrete details on the proposal.
The US President suggested that replacing the federal income tax with revenue from import duties would return the US to a time of prosperity seen during the Gilded Age, in the 19th century, when the US did not have a permanent federal income tax.
Research conducted by accounting automation company Dancing Numbers found that Trump's proposal could save the average American $134,809 in lifetime tax payments.
Dancing Numbers added that the tax savings could be as much as $325,561 per American if other wage-based income taxes are also eliminated.
On April 2, Trump signed an executive order imposing sweeping tariffs on all US trading partners, which included a 10% baseline tariff on all countries and different "reciprocal" tariff rates on countries with import duties on US goods.
However, since that time, the Trump administration walked back its tariff policies several times, flip-flopping on tariff rates and when the tariff regime would fully take effect.
The Trump administration's ever-changing rhetoric surrounding trade policies has heightened volatility in the US stock market, caused a rise in US bond yields, and has drawn widespread criticism from financial analysts who say the protectionist trade policies hurt capital markets while achieving little else.
@ Newshounds News™
Source: Cointelegraph
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BRICS: US SANCTIONS FAIL AS RUSSIA’S ECONOMY GROWS 4.1%
The US pressed sanctions on Russia in February 2022 after they invaded and waged war on their neighboring country Ukraine. The sanctions were aimed at stalling Russia’s growth and bringing its overall economy and GDP down. Russia teamed up with the BRICS alliance and the bloc kick-started the de-dollarization agenda to counter the US sanctions.
The BRICS bloc rewrote trade deals allowing Russia to send and accept local currencies for trade and cross-border transactions. China, India, and Saudi Arabia made use of the US sanctions and procured Russian oil and discounted prices. Saudi Arabia even brought Russian crude oil for a concession and laundered it all over Europe earning bigger profits.
BRICS member India even saved $7 billion in foreign exchange by buying Russia’s crude oil at cheaper prices due to the sanctions. Therefore, the BRICS bloc mostly benefitted from the US sanctions saving and earning billions in development. They even pushed local currencies ahead for trade strengthening their businesses and overall GDP.
BRICS: Russia’s Economy Grows 4.1% Despite US Sanctions
Trade restrictions could not stop BRICS member Russia’s growth as it immediately kick-started the de-dollarization agenda. The move helped the country navigate through troubled times and simultaneously gained the support of developing countries. “Over the past two years, the Russian economy grew by 4.1%,” said Russian Security Council Secretary Sergey Shoigu.
The latest data shows that BRICS member Russia’s economy comfortably sat above 4% despite the US sanctions.
2023: 4.1%
2024: 4.3%
2025 (Projection): 2.5%
Shoigu explained that BRICS member Russia’s banking system demonstrated remarkable resilience during the US sanctions. “Russia’s external and internal debt has diminished. Its financial and banking systems demonstrated resilience,” he said.
The diplomat added, “The external trade also retained its positive dynamics. Despite sanctions, the past year’s trade grew by $3.8 billion, to over $716 billion. Proficit of the balance of foreign trade gained $7 billion, reaching approximately $146 billion.”
@ Newshounds News™
Source: Watcher Guru
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I Grew Up Rich: 6 Money Lessons I Learned After I Lost It All
I Grew Up Rich: 6 Money Lessons I Learned After I Lost It All
G. Brian Davis Sat, June 29, 2024
An oft-cited statistic states that 70% of wealthy families lose their riches by the second generation, and 90% lose them by the third.
Why? Because the first generation earns it, the second generation spends it and the third finds itself back at square one.
It turns out that earning money and shepherding money long term require two different skill sets. All too often, no one in any of those three generations learns how to protect and grow wealth long term.
“I grew up in a wealthy family where my grandfather was the chairman of the largest textile processing mill in our city,” explained Muhammad Ali, sales director at George Digital. “Our business, established in the 1950s, was a significant player in the industry from 1970 to 2001 … However, our fortunes drastically changed, and by 2012, my father’s income dwindled to just $300 a month.
I Grew Up Rich: 6 Money Lessons I Learned After I Lost It All
G. Brian Davis Sat, June 29, 2024
An oft-cited statistic states that 70% of wealthy families lose their riches by the second generation, and 90% lose them by the third.
Why? Because the first generation earns it, the second generation spends it and the third finds itself back at square one.
It turns out that earning money and shepherding money long term require two different skill sets. All too often, no one in any of those three generations learns how to protect and grow wealth long term.
“I grew up in a wealthy family where my grandfather was the chairman of the largest textile processing mill in our city,” explained Muhammad Ali, sales director at George Digital. “Our business, established in the 1950s, was a significant player in the industry from 1970 to 2001 … However, our fortunes drastically changed, and by 2012, my father’s income dwindled to just $300 a month.
“In 2013, amidst our financial crisis, I developed an interest in programming. Unfortunately, we couldn’t afford a laptop, and we had to live with my grandparents, along with my father’s brothers and their families. This challenging period taught me several invaluable lessons about money and resilience.
“Eventually, I was the first person among my grandfather’s children and grandchildren to get a chance to study in the U.S.
“Here are some key money lessons I learned after losing it all.”
Diversify Your Income Streams
“Our family focused solely on the textile business, and when it failed, we had no backup.
“In 2015, I came across Russell Brunson’s book ‘DotCom Secrets,’ which sparked my interest in an online business. By September 2016, Adam C. Miller introduced me to the world of digital marketing. Despite the lack of resources and guidance, I persevered, slowly learning about digital PR … I also delved into local SEO (search engine optimization) and e-commerce business models.
“After our family’s textile business shut down, there was no one to restart the hosiery textile business. However, years later, I decided to reignite this passion to continue my family legacy and started Molani Enterprises, a textile sourcing and trading company. Alongside my ventures in PR and e-commerce, reviving the textile business was a way to honor my family’s history and rebuild our presence in the industry.”
Maintain a Financial Cushion
Everyone needs an emergency fund. Whether you keep two months’ or two years’ worth of living expenses in it depends on how stable your income and expenses are, but you need that cash cushion to carry you through the inevitable nasty surprises that life throws at you.
“Always keep cash savings to cover basic living expenses and emergencies. This reserve should not be touched for business investments. This lesson was crucial for me, as I witnessed bad financial decisions during our business downfall, where more money was sunk into a failing enterprise.”
Seize Opportunities
They say that when an opportunity knocks at your door, it does so dressed up like work.
To Read More:
https://www.yahoo.com/finance/news/grew-rich-6-money-lessons-210008891.html
Economist’s “New and Views” 4-27-2025
Gold Revaluation 2025: Two Paths to a U.S. Dollar Reset
Taylor Kenny: 4-27-2025
Gold revaluation isn’t a future event—it’s a process already unfolding.
In this video, Taylor Kenney reveals the quiet shift underway as trust in fiat evaporates, debt spirals out of control, and gold returns to the center of the global financial system.
There are two ways a revaluation could unfold—one is already happening, and the other could rewrite the rules overnight.
Gold Revaluation 2025: Two Paths to a U.S. Dollar Reset
Taylor Kenny: 4-27-2025
Gold revaluation isn’t a future event—it’s a process already unfolding.
In this video, Taylor Kenney reveals the quiet shift underway as trust in fiat evaporates, debt spirals out of control, and gold returns to the center of the global financial system.
There are two ways a revaluation could unfold—one is already happening, and the other could rewrite the rules overnight.
Understanding how each scenario plays out could be the key to protecting wealth and future.
The Fed Isn’t Independent — Here’s Who Really Pulls the Strings
Heresy Financial: 4-26-2025
TIMECODES
00:00 Trump Fed
00:29 Myth Fed Independence
00:52 Matters Investors
01:00 Trumps Pressure Powell
01:29 Powell Defends Fed Independence
02:21 Feds Dual Mandate Explained
03:05 Really Controls Fed
04:14 Feds Profits Go
05:02 Fed Under Government Control
05:26 Dangers Centralizing Power
06:36 Partisan Risk Fed Controlled
07:04 Real Solution End Fed
07:59 Feds History Systemic Risk
08:24 Price Controls Work
09:19 Interest Rate Setting Flawed
10:03 Controlling Money = Controlling Everything
10:40 Trumps Past Influence Fed
11:03 Bear Market End Soon
11:08 Prepare s Next
They’re Weaponizing 1 Mil SLV Shares To Block The Silver Explosion—Pure Desperation | Andy Schectman
Two Dollars Investing: 4-27-2025
1 million SLV shares were dumped in minutes to suppress silver—and Andy Schectman reveals why.
As demand for physical silver explodes, Wall Street is using paper manipulation to block the breakout. Is this the final silver suppression before a massive price shock?
News, Rumors and Opinions Sunday 4-27-2025
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 Sun. 27 April 2025
Compiled Sun. 27 April 2025 12:01 am EST by Judy Byington
NESARA: THE RESET BEGINS: NESARA, the National Economic Security and Recovery Act, delivers what the world has demanded for decades—a reset for the people:
All personal debts—gone. Credit cards, mortgages, loans wiped clean.
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 Sun. 27 April 2025
Compiled Sun. 27 April 2025 12:01 am EST by Judy Byington
NESARA: THE RESET BEGINS: NESARA, the National Economic Security and Recovery Act, delivers what the world has demanded for decades—a reset for the people:
All personal debts—gone. Credit cards, mortgages, loans wiped clean.
The IRS abolished. Income tax erased. A new flat sales tax replaces the corrupt system.
Seniors’ benefits increase, offering dignity to those who built the nation.
Constitutional law returns to the courts, restoring justice. This is the foundation of a new America, unshackled from the banking elite.
~~~~~~~~~~
GESARA: THE GLOBAL VISION: GESARA takes NESARA worldwide, reshaping every corner of the Earth.
Citizenship revoked for globalist operatives—barred from reentry for life.
A new Rainbow Currency, backed by precious metals, ends the era of fiat manipulation.
This is not reform—it’s global liberation.
THE HIDDEN TRUTHS EXPOSED: NESARA/GESARA aren’t just economic shifts—they unlock the hidden history:
Birth certificates, once sold as collateral, returned to the people.
The Federal Reserve dismantled. The Treasury takes control of the nation’s money.
Over 6,000 suppressed technologies—free energy, antigravity, healing machines—released to the world.
~~~~~~~~~~
Possible Timing:
Constitutional Law and the Gold Standard was set to return to all citizens (allegedly) around the Globe by Sat. 26 April 2025. In this new World unshackled from the banking elite 207 nations would function under concepts of the original Constitution and a restored justice system under NESARA/GESARA Law. …John F. Kennedy Jr. on Telegram
A new gold/asset-backed currency for 207 nations that traded at a 1:1 with each other would end the era of fiat US Dollar manipulation – liberating the World, along with release of over 6,000 suppressed technologies including free energy, antigravity and healing machines.
Global Currency Reset Underway:
Sun. 20 April 2025: Final execution in progress. The wait is over. Confirmed: Tier4b activations have begun!
The global financial system is in the midst of a transition. Major banking institutions in Zurich, the Rhineland and Hong Kong have entered the final liquidity phase. Important sources confirm that notifications are (allegedly) already being sent. Historic moves underway! Multiple sources report that the QFS is clearing high-value transactions, ensuring large-scale liquidity deployment across multiple levels. Private banking sources (allegedly) confirm that funds are being transferred to designated accounts. This is the final stage before the public launch!
Urgent: Bank screens now (allegedly) displaying live trading rates!
IQD: $9.35 – now activated on internal banking platforms!
VND: US $5.89 – Surpassing projected levels!
ZIM: Processing – Elite groups now receiving!
Private Jet landing: high level transactions confirmed! Military and government agents have arrived in Reno and Hong Kong. Elite bank employees are being escorted under security protocols; something historic is happening.
Thurs. 24 April 2025 Bruce The Big Call: Likely Tier4b (us the internet group) will be sent notification to set exchange appointments over the weekend and start appointments on Monday 28 April because that’s when Redemption Center staff has been (allegedly) asked to come in and work.
Thurs. 24 April GCR Revaluation: Dinar Holders ALERT! The Fastest Way to Exchange Your Dinar – Appointment Tips! RV News – Iraqi Dinar – YouTube https://youtu.be/jcE5hag-l1U?si=C_O1l2J7Tirbgdcg
Thurs. 24 April 2025 Dong Revaluation Update: Vietnamese Dong CRASHES the Global System? | Massive VND Revaluation Shock Just Hit!
Thurs. 24 April 2025 Dinar Revaluation Update: $4.31 Exchange Rate: Dinar RV CONFIRMED on Live TV – $4.31 Exchange Rate Announced! – Time to Cash In! – Iraqi Dinar
Thurs. 24 April 2025 Majeed KSA on X from the Iraqi guy @snwse21: “A friend of mine lives in Switzerland called me and said that the digital Iraqi dinar has appeared on electronic trading platforms in the United States. But the exchange rate has not changed.” https://x.com/majeed66224499/status/1915545963604726017?s=57
Read full post here: https://dinarchronicles.com/2025/04/27/restored-republic-via-a-gcr-update-as-of-april-27-2025/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick We know [via Iraqi bank friend Aki] IMO that the lower notes are sitting pretty at the CBI to be distributed to the banks that have been selected, that are trusted and licensed, the ATMs in and out, all the exchange centers and...Iraqi citizens purchasing power.
Militia Man They [Iraq] are talking about buying gold. Gold is a hedge for the central bank. They're advocating that gold, even at close to $3,500 in the last few days, is going to go higher. They're suggesting it's going to go to $4,000 this year.
**************
Everyone Is DUMPING The Dollar...Will It Continue To Crash?
Goerge Gammon: 4-26-2025
Iraq Economic News and Points to Ponder Sunday Morning 4-27-25
An Economist Reveals Three Hidden Reasons Behind The Market Recession.
Time: 2025/04/26 16:57:17 Read: 2,040 times {Economic: Al Furat News} Economic expert Salah Nouri revealed today, Saturday, three reasons behind the current stagnation in Iraqi markets.
Nouri told Al Furat News, "The first reason is the rise in the prices of basic imported goods globally, which has had a direct impact on their prices in local markets when calculated in Iraqi dinars, making them beyond the reach of a wide segment of citizens."
An Economist Reveals Three Hidden Reasons Behind The Market Recession.
Time: 2025/04/26 16:57:17 Read: 2,040 times {Economic: Al Furat News} Economic expert Salah Nouri revealed today, Saturday, three reasons behind the current stagnation in Iraqi markets.
Nouri told Al Furat News, "The first reason is the rise in the prices of basic imported goods globally, which has had a direct impact on their prices in local markets when calculated in Iraqi dinars, making them beyond the reach of a wide segment of citizens."
He added, "The second reason relates to the fluctuations in the local dollar exchange rate, which has weakened the dinar's purchasing power and made low-income earners among the most affected groups due to their inability to keep up with rising prices."
Nouri pointed out that "the third reason is the decline in demand for basic commodities due to the decline in citizens' purchasing power, which has led to a general state of stagnation in markets, especially in areas with low incomes." LINK
Central Bank: Visa And Mastercard Card Issue Abroad To Be Resolved Next Month
Central Bank Governor Ali Mohsen Al-Alaq Banks Economy News – Baghdad Central Bank Governor Ali Mohsen Al-Alaq announced on Saturday that the issue of Visa and MasterCard cards abroad will be resolved within the next month.
Al-Alaq said in press statements, followed by "Al-Eqtisad News," that "the Central Bank has completed the two tasks related to cash sales and foreign transfers, but the card crisis witnessed a state of "misunderstanding."
He explained, "When we headed to organize this process, it required a set of procedures that must be worked on, so that we put it in its correct direction and according to acceptable standards, and therefore there were some stops and some changes in the paths."
Al-Alaq said, "An agreement was reached with all concerned parties - which include "Visa" and "MasterCard" in coordination with the Treasury, the Federal Reserve, and the auditing company - on "the formulas and paths for settling these cards," stressing that "the Central Bank has taken rapid steps in this regard, expecting to complete this task within the next month, i.e. before the scheduled date for this process, which is June 1."
Al-Alaq revealed that "work has begun on developing a plan to issue cards to small merchants, after completing consultations with companies," "to accommodate the requests of merchants—a large segment of Iraqis—to cover their foreign trade without passing through long routes, so that transfers can be made directly, which will create a major shift in accommodating merchants who do not use formal transfer methods."
Al-Alaq indicated that "the Central Bank, in agreement and consultation with the Treasury and the Federal Reserve, has completed the organization of cash sales of dollars, and is now 'in an ideal position, by their own testimony.'" He described foreign commercial transfers as "progressing very smoothly, as we have expanded the network of correspondent banks abroad in the US and elsewhere.
An agreement has also been reached to open another bank in the US to establish relationships with Iraqi banks in transfer operations." https://economy-news.net/content.php?id=54852
A New Decline In The Dollar Exchange Rate Against The Dinar
Saturday, April 26, 2025 11:23 | Economic Number of readings: 120 Baghdad / NINA / The exchange rate of the dollar against the dinar decreased, Saturday morning in Baghdad and Erbil.
The exchange rate in the Al-Kifah and Al-Harithiya stock exchanges in Baghdad reached 144,400 dinars for every $100.
In the local markets in Baghdad, the selling price reached 145,500 dinars, and the purchase price was 143,500 dinars, for every $100.
In Erbil, the dollar price also decreased, with the selling price reaching 145,600 dinars for every $100, and the purchase price reaching 144,500 dinars for every $100. /End https://ninanews.com/Website/News/Details?key=1210170
Basra Crude Suffers Weekly Losses Of More Than 1 Percent.
economy | 09:41 - 04/26/2025 Mawazine News - Follow-up Basra Heavy and Medium crude oil prices recorded weekly losses of more than 1%. Prices were as follows:
Basra Heavy crude closed up 36 cents at $64.51 a barrel, but suffered a weekly loss of 80 cents, or 1.22%. Basra Medium crude closed up the same amount at $68.46, but also recorded a weekly loss of 80 cents, or 1.17%. https://www.mawazin.net/Details.aspx?jimare=260913
Prime Minister's Advisor: Government Bonds Are A Better Investment Option Than Gold
Buratha News Agency1862025-04-25 The Prime Minister's advisor, Mazhar Mohammed Saleh, confirmed on Friday that sovereign government bonds are available for investment through banking institutions, calling for diversifying investment portfolios by investing in government bonds instead of gold, as "local gold is one of the wealth havens most affected by external or international factors and their shocks, as it is a commodity imported from gold vaults outside the country,
as the global price of gold exceeded the $3,200 per ounce barrier in April 2025, affected by geopolitical tensions, especially between the United States and China, or the so-called trade war issue represented by the escalation of the mutual tariff war between various countries of the world and its direct and indirect effects on inflation trends and expectations in the global economy."
He added, "This coincided with indicators of the oil asset cycle, the downward trend in global oil prices, and the increasing demand for the yellow metal by central banks and investors seeking a safe haven for wealth around the world, as gold is undoubtedly the best store of value."
He noted that "the price of gold, which has witnessed a significant and continuous rise, despite its fluctuations towards the decline, has maintained its high price. For example, the price of one ounce on April 17, 2025, reached approximately $3,321.89, after previously reaching a new record high of $3,357.40 per ounce."
Saleh explained that "the opening of the local gold market to the global market and the impact of the global price of gold on our country's supply has become an immediate reflexive issue. Until the local gold market stabilizes again, it may take a real period of time to adapt again."
He pointed out that "the short-term jumps in gold prices cast a shadow over the tendencies of individuals in our country and the behavior of some to hedge by investing in the yellow metal."
He continued: "Demand for gold in Iraq is a traditional means of preserving value, which leads to its purchase as a normal hedge, especially for those with cash surpluses, with the aim of profiting from the external price factors affecting the fluctuations in the international economy, and the impact of this on the level of global prices, and the repercussions of this on thinking about re-diversifying the wealth portfolios of some of them, or according to their beliefs and traditions in investing, preserving the value of their personal financial wealth, or speculating."
Saleh pointed out that "if the goal of importing is a safe investment, it is preferable to monitor global and local markets to make informed decisions, and to proceed with the proper diversification of their investment portfolios and not rely entirely on a single investment vehicle to preserve value, since gold is also subject to decline.
It is also preferable to consider other national investment options to diversify their investment portfolios, especially investing in interest-bearing sovereign government bonds currently offered to investors through the Iraqi banking system." https://burathanews.com/arabic/economic/459247
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Sunday Morning 4-27-25
Good Morning Dinar Recaps,
BREAKING NEWS: FIRST XRP ETF GOES LIVE IN BRAZIL, NOT U.S
▪️Brazil becomes the first country to launch an XRP ETF, beating the United States.
▪️The XRPH11 ETF will give investors safe, easy, and regulated access to XRP investments.
▪️Experts predict XRP-related products could attract up to $8 billion in future, with XRP price to hit $24 soon.
Good Morning Dinar Recaps,
BREAKING NEWS: FIRST XRP ETF GOES LIVE IN BRAZIL, NOT U.S
▪️Brazil becomes the first country to launch an XRP ETF, beating the United States.
▪️The XRPH11 ETF will give investors safe, easy, and regulated access to XRP investments.
▪️Experts predict XRP-related products could attract up to $8 billion in future, with XRP price to hit $24 soon.
XRP has just reached a major milestone with the launch of its first-ever ETF in Brazil. This exciting move could bring more investors into XRP and open the door for bigger developments in the United States.
With experts predicting that billions of dollars could soon flow into XRP products. However, this could pump the XRP price by 1000%.
First XRP ETF Goes Live in Brazil
In a big win for the XRP community, Brazil’s B3 stock exchange has launched the world’s first XRP ETF. The fund, called XRPH11, is managed by Hashdex and Genial Investimentos.
It will track the Nasdaq XRP Reference Price Index, making it easier for investors to gain safe and regulated exposure to XRP.
According to Hashdex, the ETF will invest at least 95% of its assets directly in XRP or in other products like futures contracts that copy XRP’s price movements. This setup allows both regular and big investors to invest in XRP without needing to own or store the cryptocurrency themselves.
Brazil Moves Ahead, US Still Waiting
Interestingly, this major step happened in Brazil, not in the United States, where Ripple is based. In the US, companies like Grayscale and Franklin Templeton have already filed for XRP ETFs, but they are still waiting for approval from the SEC.
Meanwhile, the demand for XRP-related investment products is growing fast. As of April 18, XRP-focused ETPs had about $950 million in assets under management, according to CoinShares. Just last week, XRP funds saw $37.7 million in new money, leading all other crypto funds.
Even bigger things could be on the horizon. JPMorgan predicted earlier this year that XRP products could pull in up to $8 billion — almost eight times more than today.
XRP Price Outlook
Even after this big news, XRP’s price hasn’t moved much. It is still trading around $2.20, with only a small 0.8% rise in the last 24 hours. But many believe that if an XRP ETF gets approved in the US, the price could shoot up.
Although XRP has been moving slowly for some time, signs are starting to look more exciting. In the past, when gold slowed down after a strong rally, XRP went up by 1,000%.
Now, with gold pulling back again, some experts think XRP could rise sharply and even reach $24 this year.
@ Newshounds News™
Source: Coinpedia
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US CRYPTO RULES LIKE 'FLOOR IS LAVA' GAME WITHOUT LIGHTS — HESTER PEIRCE
SEC Commissioner Hester Peirce said that to engage in crypto activities, “SEC-registrants have had to hop from one poorly illuminated regulatory space to the next.”
SEC Commissioner and head of the crypto task force, Hester Peirce, says US financial firms are navigating crypto in a way that’s similar to playing the children’s game “the floor is lava,” but in the dark.
“It is time that we find a way to end this game. We need to turn on the lights and build some walkways over the lava pit,” Peirce said at the SEC “Know Your Custodian” roundtable event on April 25.
The lava is crypto, says Peirce
Peirce explained that SEC registrants are forced to approach crypto-related activities like “the floor is lava,” where the aim is to jump from one piece of furniture to the next without touching the ground, except here, touching crypto directly is the lava.
“A D.C. version of this game is our regulatory approach to crypto assets, and crypto asset custody in particular,” she said.
Peirce said that, much like in the game, firms wanting to engage with crypto must avoid directly holding it due to unclear regulatory rules. “To engage in crypto-related activities, SEC-registrants have had to hop from one poorly illuminated regulatory space to the next, all while ensuring that they never touch any crypto asset,” Peirce said.
Peirce said that investment advisers are often unsure which crypto assets qualify as securities, what entities count as qualified custodians, and whether “exercising staking or voting rights” could trigger custody violations.
“The twist in the regulatory version is that it is largely played in the dark: burning legal lava and no lamps to illuminate the way.”
Peirce also said that a broker or ATS that cannot custody or manage crypto assets will struggle to facilitate trading, making it unlikely for a “robust market” to develop.
Echoing a similar sentiment, SEC Commissioner Mark Uyeda said at the event that as more SEC registrants work with crypto assets, it’s essential that they have access to custodial options that meet legal and regulatory requirements.
Uyeda said the agency should consider letting advisers use “state-chartered limited-purpose trust companies” with the authority to hold crypto assets as qualified custodians.
Meanwhile, the recently sworn-in chair of the SEC, Paul Atkins, said that he expected “huge benefits” from blockchain technology through efficiency, risk mitigation, transparency, and cutting costs.
He reiterated that among his goals at the SEC would be to facilitate “clear regulatory rules of the road” for digital assets, hinting that the agency under former chair Gary Gensler had contributed to market and regulatory uncertainty.
“I look forward to engaging with market participants and working with colleagues in President Trump’s administration and Congress to establish a rational fit-for-purpose framework for crypto assets,” said Atkins.
@ Newshounds News™
Source: Cointelegraph
~~~~~~~~~
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“Tidbits From TNT” Sunday Morning 4-27-2025
TNT:
Tishwash: Fitch Ratings: Iraqi banks will not be harmed by the decline in oil prices.
Fitch Ratings confirmed on Saturday that the Iraqi banking sector is not affected by the decline in oil prices due to its lower credit rating.
The agency said in a report seen by Shafaq News Agency that "the indirect effects resulting from the decline in oil prices and weak global growth may lead to a decline in government spending, severely impacting banking operating conditions in most Gulf and Middle Eastern countries."
TNT:
Tishwash: Fitch Ratings: Iraqi banks will not be harmed by the decline in oil prices.
Fitch Ratings confirmed on Saturday that the Iraqi banking sector is not affected by the decline in oil prices due to its lower credit rating.
The agency said in a report seen by Shafaq News Agency that "the indirect effects resulting from the decline in oil prices and weak global growth may lead to a decline in government spending, severely impacting banking operating conditions in most Gulf and Middle Eastern countries."
She added, "The banking sector in Iraq has low credit ratings, with most banks classified as CCC. These ratings are unlikely to be affected by the negative impact of lower oil prices, especially given the central bank's strong ability to support government spending."
The agency noted that "credit conditions in Gulf banks could also deteriorate if profitability and cash flows decline for companies operating in affected sectors. However, they are well-positioned to absorb any deterioration in the operating environment, thanks to the strengthening of their financial reserves in recent years."
Fitch Ratings is one of the largest global rating agencies. Founded in 1914 and headquartered in New York and London, its mission is to assess the creditworthiness of countries and companies and provide reports that help investors determine the risks of loans and investments.
Fitch is one of the world's top three rating agencies, along with Standard & Poor's and Moody' link
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Tishwash: Al-Sudani succeeded in transforming trade relations with Türkiye into investment opportunities.. His advisor
"A transition that is happening for the first time"
The Prime Minister's Advisor for Investment Affairs, Mohammed al-Najjar, affirmed on Saturday that Iraq has become an attractive environment for Turkish investments, noting that Prime Minister Mohammed Shia al-Sudani has succeeded in transforming trade relations with Türkiye into investment opportunities.
Iraq is the first country in which Turkey will invest,” Al-Najjar said in a statement to the official agency, followed by 964 Network. “It is well known that Turkey is the one looking for investment opportunities and requesting investments, but we have succeeded, through government measures, in attracting investment environments in Iraq.” He pointed out that “the opportunities created by the Prime Minister have made Iraq an attractive country for Turkish companies, which constitutes an important platform for a large number of countries to enter and invest in the opportunities available in Iraq.”
He added that "the entry of Turkish investments into Iraq represents a turning point in relations between the two countries. This is the first time that relations have shifted from a commercial aspect to an investment aspect." He pointed out that "there are multiple areas for Turkey to invest in Iraq, including infrastructure, roads, energy, and communications, all of which represent significant opportunities for Turkish companies that have begun to invest, not just in contracting or commercial operations."
Al-Najjar explained that "Iraq has worked to transform its relationship with Türkiye into an investment relationship, including a path to development, which will constitute a fundamental pillar for Turkey as a starting point for investment." link
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Tishwash: Al-Alaq: We are working to solve the problem of Visa and MasterCard cards abroad.
Central Bank Governor Ali Mohsen Al-Alaq announced on Saturday that the issue of Visa and MasterCard cards abroad will be resolved within the next month.
Al-Alaq said in press statements: “The Central Bank has completed the two tasks related to cash sales and foreign transfers, but the card crisis witnessed a state of “misunderstanding.”
He explained, “When we moved to organize this process, it required a set of measures that must be worked on, so that we put it on the right path and according to acceptable standards. Therefore, there were some pauses and some changes in the paths.”
Al-Alaq said: “An agreement was reached with all concerned parties - which include Visa and MasterCard, in coordination with the Treasury, the Federal Reserve, and the auditing company - on the “formulas and paths for settling these cards,” stressing that “the Central Bank has taken rapid steps in this regard, expecting to complete this task within the next month, i.e. before the scheduled date for this process, which is June 1.”
Al-Alaq revealed that “work has begun on a plan to issue cards to small merchants, after completing consultations with companies,” “to accommodate the requests of merchants—a large segment of Iraqi society—to cover their foreign trade without going through long routes, so that transfers can be made directly, which will create a major shift in accommodating merchants who do not use formal transfer methods.”
Al-Alaq noted that “the Central Bank, in agreement and consultation with the Treasury and the Federal Reserve, has completed the organization of cash dollar sales operations, and is now in an “ideal position, by their own testimony.”
He described foreign commercial transfers as “progressing very smoothly, as we have expanded the network of correspondent banks abroad in the US and elsewhere. An agreement has also been reached to open another bank in the US to establish relationships with Iraqi banks in transfer operations.” link
Mot: da Southern Approach to a Tornado!!!!
Mot: ..... Bestest List Ever!!!!
The Planned Economic Reset: Greg Mannario
The Planned Economic Reset
Liberty and Finance: 4-27-2025
In a recent interview with Liberty and Finance, renowned trading coach Gregory Mannarino delivered a stark and unsettling assessment of the current economic landscape, painting a picture of deliberate market manipulation, government incoherence, and the insidious control exerted by global elites.
Mannarino’s analysis, both alarming and galvanizing, serves as a stark warning about the future and a call to action for individuals seeking to reclaim their sovereignty.
The Planned Economic Reset
Liberty and Finance: 4-27-2025
In a recent interview with Liberty and Finance, renowned trading coach Gregory Mannarino delivered a stark and unsettling assessment of the current economic landscape, painting a picture of deliberate market manipulation, government incoherence, and the insidious control exerted by global elites.
Mannarino’s analysis, both alarming and galvanizing, serves as a stark warning about the future and a call to action for individuals seeking to reclaim their sovereignty.
Mannarino pulls no punches in his critique, suggesting that even seemingly populist leaders like President Trump are ultimately beholden to the whims of the stock market, a market itself heavily influenced by unseen powers.
He points to Trump’s often-conflicting economic messaging and policy reversals, particularly around tariffs and interest rates, as evidence of a system driven by stock market pressures and orchestrated by forces beyond the purview of everyday citizens.
The core of Mannarino’s argument rests on the conviction that the global financial system is teetering on the brink of collapse, fueled by an unsustainable mountain of debt, artificially suppressed interest rates, and a looming shift towards centralized digital control.
He describes the current system as a deliberate “wrecking machine,” intentionally designed to cripple the middle class and small businesses, paving the way for a new, more easily controlled global order.
He highlights the deceptive nature of “prosperity” metrics, arguing that the apparent economic gains are built on a foundation of sand, propped up by unsustainable debt and manipulated numbers.
He warns that the inherent fragility of this system makes it vulnerable to a sudden and catastrophic collapse, the consequences of which will be far-reaching and devastating for ordinary people.
In the face of this grim outlook, Mannarino advises viewers to take proactive steps to protect themselves. He strongly advocates for holding real assets, particularly gold and silver, as a hedge against the inevitable devaluation of fiat currencies. He emphasizes that tangible wealth, insulated from the digital machinations of the financial system, offers a vital pathway to security in times of crisis.
However, Mannarino’s message extends far beyond mere financial preparedness. He calls for a profound shift in consciousness and a concerted effort to reclaim individual sovereignty. He urges listeners to resist the narratives pushed by main stream media and to seek out independent sources of truth.
He believes that the key to dismantling the control of global elites lies in awakening to their agenda and refusing to participate in their system of manipulation.
Beyond resistance, Mannarino emphasizes the importance of unity, spiritual reconnection, and grassroots organizing. He believes that by coming together, sharing knowledge, and supporting each other, individuals can build alternative systems and communities that are resilient to the coming changes. He sees a renewed connection to spirituality as a source of strength and guidance in navigating the complex and challenging times ahead.
Ultimately, Gregory Mannarino’s message is one of both warning and hope. While he paints a sobering picture of the forces arrayed against individual freedom and economic stability, he also offers a powerful call to action.
He believes that by awakening to the truth, reclaiming our sovereignty, and uniting in purpose, we can not only survive the coming storm but also build a more just and equitable future.
His call to arms is one of informed resistance, spiritual awakening, and collective action, a path towards reclaiming our lives and shaping our destiny.
More News, Rumors and Opinions Saturday PM 4-26-2025
KTFA:
Toyvp: Signing ceremony of MoU between ISX, ISC, and ADX for Tabadul platform
Baghdad/Abu Dhabi (IraqiNews.com) – The Iraq Stock Exchange (ISX) and the Iraq Securities Commission (ISC) signed a strategic Memorandum of Understanding (MoU) with the Abu Dhabi Securities Exchange (ADX) on Wednesday, April 23, 2025, marking Iraq’s official entry into the regional “Tabadul” digital trading platform. Iraq becomes the ninth market to join the ADX-led initiative.
The agreement, signed at ADX headquarters, facilitates seamless cross-border trading and investment between Iraq, Abu Dhabi, and other Tabadul member markets. It allows brokers remote access and enables investors to participate in cross-market IPOs.
KTFA:
Toyvp: Signing ceremony of MoU between ISX, ISC, and ADX for Tabadul platform
Baghdad/Abu Dhabi (IraqiNews.com) – The Iraq Stock Exchange (ISX) and the Iraq Securities Commission (ISC) signed a strategic Memorandum of Understanding (MoU) with the Abu Dhabi Securities Exchange (ADX) on Wednesday, April 23, 2025, marking Iraq’s official entry into the regional “Tabadul” digital trading platform. Iraq becomes the ninth market to join the ADX-led initiative.
The agreement, signed at ADX headquarters, facilitates seamless cross-border trading and investment between Iraq, Abu Dhabi, and other Tabadul member markets. It allows brokers remote access and enables investors to participate in cross-market IPOs.
ISC Chairman Faisal Al-Haimus hailed the move as a “qualitative leap” for Iraq’s financial infrastructure, boosting regional integration and digital transformation. ISX CEO Taha Ahmed Abdul Salam added that joining Tabadul aligns with government efforts to enhance economic growth and openness.
ADX Group CEO Abdulla Salem Alnuaimi stated the collaboration enhances ISX’s regional standing and provides investors with diverse opportunities. Tabadul connects markets with over 490 listed companies and access for over 7.5 million investors.
This integration signifies a major step in modernizing Iraq’s capital market and connecting it more closely with regional financial hubs.
Clare: Baghdad calls on Washington to reconsider travel warnings, while the latter praises billion-dollar agreements.
4/26/2025
Iraqi Foreign Minister Fuad Hussein called on the United States on Friday to reconsider its security warnings regarding travel to Iraq.
This came during Hussein's meeting with his US counterpart, Marco Rubio, in Washington.
Hussein said, "The security situation in Iraq is good and represents an additional factor attracting foreign investment. Some European countries have reconsidered their security assessments in Iraq," according to a statement issued by the Iraqi Ministry of Foreign Affairs.
He stressed the importance of enhancing security cooperation and information exchange in the fight against terrorism, and praised Washington's role as the leader of the international coalition against ISIS.
Regarding developments in Syria, the Iraqi Foreign Minister called for the launch of a comprehensive political process that respects the rights of all Syrian components and contributes to strengthening regional stability. He noted that Syrian stability has a positive impact on Iraqi security, and that the underlying causes of concern in Syria must be addressed.
He also called for caution in dealing with prisons controlled by the Syrian Democratic Forces (SDF), which hold approximately 10,000 of the most dangerous ISIS members.
On the economic front, the minister emphasized that Iraq has begun diversifying its energy sources and reducing its reliance on imported gas. He also called on American companies to increase their investments in the country.
The statement continued: "Both sides expressed optimism about the future of relations, and Fuad Hussein praised the role of the United States and its leadership of the international coalition to combat terrorism."
For his part, Secretary Rubio affirmed his country's commitment to supporting stability in Iraq and praised the joint efforts in the war against ISIS.
In a similar vein, according to the statement, the two sides discussed "opportunities to strengthen economic and trade partnerships. They commended the recent visit of a delegation of American businessmen and private sector leaders to Iraq, and the opportunity it provided to enhance economic cooperation between the two countries in the public and private sectors."
For his part, a US State Department statement stated that the two ministers discussed the importance of Iraqi sovereignty in achieving regional security and stability. The two ministers commended Iraq's efforts to promote regional calm and constructive dialogue.
Ministers Rubio and Hussein also discussed opportunities to expand economic cooperation and increase trade and investment between the United States and Iraq.
Rubio praised Iraq for hosting the first trade mission appointed by the U.S. Department of Commerce to Baghdad earlier this month, resulting in billions of dollars in agreements with American companies.LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Sandy Ingram We are all waiting for a payday from our IQD investment regardless of how long it takes. I personally have been so disappointed and upset over the time it is taking Iraq to revalue, float or whatever they are going to do with their currency...The more research I do the more I understand why it is taking so long...Hidden behind the curtains, the US is
embedded right in the middle of the delay. Hopefully the rumors are true that the current administration is trying to help Iraq change things...
MarkZ [via PDK] Article: “Iraqi delegations holds talks with the bank and the international Monetary Fund in Washington” There is a high level delegation meeting with our Administration from Iraq right now in DC. They are holding talks with the Bank of International Settlements (BIS) and the international Monetary Fund (IMF)...and they have cleared the last hurdle for ascension in the World Trade organization as a full blown member. Many have stated for years now that we should have a new rate on the dinar before they ascend. So all these talks are very encouraging to me.
Broke The COMEX Sprott’s Secret $2 Billion Silver Raid Nearly Crashed The System Rick Rule
Two Dollars investing: 4-25-2025
Did Sprott’s $2 billion silver raid nearly break the COMEX? In this explosive interview, Rick Rule reveals what really happened behind the scenes when Sprott's Physical Silver Trust went on an unprecedented buying spree.
What they uncovered exposed the fragile illusion of silver market liquidity—and it nearly brought the entire system to its knees.
Rick breaks down the shocking disconnect between the paper and physical silver markets, why the silver squeeze was more real than anyone admitted, and how even a "small" $2B purchase exposed the vulnerabilities of the global silver supply chain.
Iraq Economic News and Points to Ponder Saturday Morning 4-26-25
Washington Affirms Its Support For Iraq's Sovereignty During The Meeting Between Rubio And Fuad Hussein
US Secretary of State Marco Rubio reiterated his country's support for Iraq's sovereignty on Saturday, which promotes stability in the Middle East.
In a post on Twitter following his meeting with Iraqi Deputy Prime Minister and Foreign Minister Fuad Hussein, Rubio said, "A strong, stable, and sovereign Iraq, free from malign influence, is vital to regional stability and the preservation of US interests and opportunities."
Washington Affirms Its Support For Iraq's Sovereignty During The Meeting Between Rubio And Fuad Hussein
US Secretary of State Marco Rubio reiterated his country's support for Iraq's sovereignty on Saturday, which promotes stability in the Middle East.
In a post on Twitter following his meeting with Iraqi Deputy Prime Minister and Foreign Minister Fuad Hussein, Rubio said, "A strong, stable, and sovereign Iraq, free from malign influence, is vital to regional stability and the preservation of US interests and opportunities."
He added that he had a "valuable conversation with Iraqi Deputy Prime Minister and Foreign Minister Fuad Hussein," praising Iraq's efforts to de-escalate tensions and promote constructive dialogue in the region. https://www.radionawa.com/all-detail.aspx?jimare=41703
US Secretary Of State: A Strong And Stable Iraq Is Vital To The Stability Of The Region.
Saturday, April 26, 2025 | Politics Number of reads: 183 Baghdad / NINA / US Secretary of State Marco Rubio stressed: "A strong, stable, and sovereign Iraq, free from malign influence, is vital to the stability of the region and the preservation of US interests and opportunities therein.
" Rubio said in a post on the "X" website: "I had a valuable dialogue with Iraqi Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein. I commend his efforts to calm tensions and promote constructive dialogue in the region." / End https://ninanews.com/Website/News/Details?Key=1210180
The Minister Of Finance Participates In The Annual Spring Meetings Of The World Bank Group And The International Monetary Fund.
Saturday, April 26, 2025, 10:39 AM | Economic Number of readings: 147 Baghdad / NINA / Minister of Finance Taif Sami Mohammed, Governor of the Central Bank of Iraq Ali Al-Alaq, and the accompanying delegation participated in the annual spring meetings of the World Bank Group and the International Monetary Fund, held from April 20 to 23, 2025 in Washington, to discuss global economic challenges, economic development, financial stability and other related issues, in addition to plenary sessions, seminars and side consultations.
A statement by the Ministry of Finance said: "The Minister began her participation in the first meeting with the Executive Director of the World Bank, Abdulaziz Al-Mulla, and discussed the economic situation in Iraq and the role of the World Bank in supporting Iraq in its reform programs, especially in the issues of maximizing revenues, reducing expenditures, digitization, electronic systems, infrastructure projects, energy and the environment."
She also met with Hella Sheikh Rouho, Regional Vice President of the International Finance Corporation (IFC), and her accompanying delegation, and discussed with her the most important obstacles to investment in Iraq and ways to address them, as well as the most important projects supervised by this institution in Iraq in the transportation, energy and international trade financing sectors.
She explained that the institution can support projects of the Iraq Development Fund. The Deputy Chairman of the Foundation also emphasized the support of the private sector and its projects, as well as the agricultural and industrial sectors in Iraq.
The delegation, headed by her, held a high-level meeting with the World Bank Vice President for the Middle East, Othman Dawani. The meeting discussed the portfolio of projects funded by the World Bank, particularly the railway project in Iraq.
It was agreed to review this portfolio to follow up on project implementation, identify work obstacles, and find solutions for their implementation and completion within the specified timeframe. The meeting also discussed the government's priorities for future projects, which the World Bank can support, with regard to renewable energy, waste management, and transportation projects, especially the metro, airports, and railways.
The meeting also discussed the issue of human development in Iraq, which is a government priority, to be included in the World Bank's plans to allocate support and launch future projects in the education, health, employment, and social protection sectors.
The statement added: "The Minister, along with the Governor of the Central Bank, attended the ministerial meeting chaired by the Managing Director of the International Monetary Fund, Kristalina Gurevichi, and attended by the Ministers of Finance and Governors of the IMF member countries.
The discussions focused on the global economic situation, the increasing uncertainty and its economic impacts at the local and global levels, addressing challenges and measures to enhance resilience, identifying strategies to maintain the macroeconomy and manage debt sustainability, in addition to focusing on exchanging visions and experiences regarding economic reforms, enhancing the performance of government institutions, supporting and strengthening the private sector, and opening the way for them to be at the forefront of sustaining the economic resilience of the countries of the region.
The Iraqi delegation's agenda also included participation in the meeting held with the Managing Director of the International Monetary Fund, Dr. Mohamed Maait, during which the spotlight was placed on specific reforms to improve the performance of the financial sector in Iraq, and sharing updates between the two sides through activating areas of partnership with the Fund.
During the meetings, the Minister of Finance, Taif Sami, held a coordination meeting with the Head of the IMF Mission to Iraq, Jean-Quillaume.
The meeting included discussions on the prospects for growth of the Iraqi economy through the government's reform program aimed at strengthening the oil and non-oil sectors, and how to maintain economic stability in Iraq in light of the global economic conditions."
She also met with the Director of Technical and Financial Affairs and her technical team at the IMF, responsible for providing technical support and expertise to the Ministry of Finance. The meeting discussed steps to provide technical support to the General Tax Authority and the General Customs Authority regarding the electronic automation of their systems and reviewing amendments to their laws. Sami expressed her readiness to provide technical support and training on these systems for customs and tax employees.
The meeting also discussed completing the requirements for the single treasury account and reviewing the procedures implemented by the Ministry of Finance in relation to this program.
In a related context, the delegation held a meeting with Jihad Azour, Director of the IMF's Middle East and Asia Department, where they discussed a range of economic issues and the most prominent financial policy forecasts.
For his part, the Regional Representative stressed the Fund's commitment to supporting all financial, banking, and monetary reform programs adopted by the Iraqi government. / End
https://ninanews.com/Website/News/Details?key=1209156
Al-Sudani's Advisor: Iraq Has Become An Attractive Environment For Turkish Investments.
Money and Business Economy News – Baghdad The Prime Minister's Advisor for Investment Affairs, Mohammed al-Najjar, affirmed on Saturday that Iraq has become an attractive environment for Turkish investments, noting that Prime Minister Mohammed Shia al-Sudani has succeeded in transforming trade relations with Türkiye into investment opportunities.
Al-Najjar said, "Iraq is the first country in which Turkey will invest. It is well known that Turkey is the one seeking investment opportunities and requesting investments. However, we have succeeded, through government measures, in attracting investment environments in Iraq." He pointed out that "the opportunities created by the Prime Minister have made Iraq an attractive country for Turkish companies, which constitutes an important platform for a large number of countries to enter and invest in the opportunities available in Iraq."
He added that "the entry of Turkish investments into Iraq represents a turning point in relations between the two countries. This is the first time that relations have shifted from the commercial aspect to the investment aspect." He pointed out that "there are multiple areas for Turkey to invest in Iraq, including infrastructure, roads, energy, and communications, all of which represent significant opportunities for Turkish companies that have begun to turn to investment, not just contracting or commercial operations."
Al-Najjar explained that "Iraq has worked to transform its relationship with Türkiye into an investment relationship, including a development path, which will constitute a fundamental pillar for Turkey as a starting point for investment." https://economy-news.net/content.php?id=54838
Economic expert Ikram Abdel Aziz: The tourism sector is no less important than oil...and its resources are inexhaustible.
Friday, April 25, 2025 21:48 | Economic Number of readings: 264 Baghdad/ NINA / Economic expert Ikram Abdel Aziz called for better investment in the tourism sector and benefiting from its large financial returns.
She told the Iraqi National News Agency ( NINA ):
"The tourism sector provides an
inexhaustible income and is an
important source no less important than oil, as
it adds quick revenues that are
free from the risks of falling and rising prices. In addition,
it does not take a long time to bear fruit,
as in the trend towards the industrial and agricultural sectors.
Its revenues come when the infrastructure is available for it, and the
factors supporting the visitors are available, as
it will achieve support for the national economy." She explained:
"The public financial revenues of the tourism sector in Iraq constitute 3% of the gross domestic product, which is small and does not match the investment opportunities available for this vital and pioneering sector." The economic expert added:
"The tourism sector previously wasn't at the level it had hoped for,
but it's now experiencing a major renaissance, particularly religious tourism, which could contribute to boosting federal budget funding with revenues beyond the unilateral developmental cycle of oil." She pointed out that,
according to statistics, the most visited Iraqi governorates are Karbala and Najaf in first place, followed by Baghdad, Erbil, Basra and Dhi Qar, respectively, and the tourists who visited these cities came from about 80 countries during the past year,
calling for attention to other types of tourism such as medical and cultural tourism, and the
preparation of tourist guides with a high level of culture and knowledge.
She continued: "Among the things that support the development of the Iraqi tourism sector are
providing safe means of transportation,
providing electrical supplies to hotels and other places, and
improving the quality of communications for visitors, as these represent an effective element in attracting tourists."
Economic expert Dr. Ikram Abdel Aziz concluded her speech by saying:
“When we put in place the infrastructure to support the reception of large numbers of delegations,
Iraq will have succeeded in attracting financial revenues by developing such an activity,
which makes it occupy a distinguished position in terms of revenues, and this trend represents one of the goals of economic and social development.” / End T https://ninanews.com/Website/News/Details?key=1200130
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Saturday Afternoon 4-26-25
Good Afternoon Dinar Recaps,
FEDERAL RESERVE RELAXES STANCE ON BANK CRYPTO ACTIVITIES
The Federal Reserve has withdrawn four crypto-asset related advisories, including ones that required banks to inform the Fed of planned activities in advance or receive a non objection letter. The two other main federal banking regulators, the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) had already cancelled the requirements to get permission.
Good Afternoon Dinar Recaps,
FEDERAL RESERVE RELAXES STANCE ON BANK CRYPTO ACTIVITIES
The Federal Reserve has withdrawn four crypto-asset related advisories, including ones that required banks to inform the Fed of planned activities in advance or receive a non objection letter. The two other main federal banking regulators, the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) had already cancelled the requirements to get permission.
It follows a letter from Republican members of the U.S. House Financial Services Committee earlier this month requesting the withdrawal of the letters. They characterized the supervisory non objection process as a method to “stonewall financial institutions” and prevent them from engaging with distributed ledger technology (DLT).
The FDIC’s responses to freedom of information requests, combined with the lack of services launched by banks, largely support this assertion.
Oversight will now happen through the normal Fed supervisory process. The Federal Reserve statement says, “the Board will work with the agencies (FDIC, OCC) to consider whether additional guidance to support innovation, including crypto-asset activities, is appropriate.”
“Today’s announcement from the Fed and FDIC is a welcome and important step toward achieving that goal and ensuring consumers can access these products and services through their trusted bank relationships,” said American Bankers Association President and CEO Rob Nichols. “We look forward to working with the Fed and FDIC in this fast-evolving marketplace.”
The withdrawn letters
The first withdrawn letter was issued in 2022 and required Board supervised banking organizations to notify the Federal Reserve prior to engaging in digital asset activities. The 2023 letter, SR 23-8 established a supervisory non objection process for state member banks involved with tokens using distributed ledger technology.
The withdrawal also included two joint 2023 letters issued by the Fed, FDIC and OCC that were more cautionary in nature. In fairness, their timing made sense. The crypto crash that followed the 2022 collapse of the Terra algorithmic stablecoin, resulted in the mass withdrawal of funds at Silvergate Bank, which alarmed the regulators.
Shortly after these letters, Silicon Valley Bank collapsed, which was unrelated to crypto. However, there were assertions that the collapse of Signature Bank around the same time was partly related to crypto, an issue that bank executives disputed.
In addition to the banking regulators, the CFTC and SEC have also adopted different approaches to crypto under the new Trump administration. While the SEC took an extreme stance under the Biden administration, it remains to be seen whether the pendulum swings too far the other way.
For example, the SEC washed its hands of supervising most meme coins. But some critics, including popular podcaster Joe Rogan, have expressed shock that meme coin pump and dump scams remain largely unregulated
@ Newshounds News™
Source: Ledger Insights
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CARDANO FOUNDER CONFIRMS XRP INTEGRATION, FRUSTRATED BY CHAINLINK DELAYS
Cardano founder Charles Hoskinson used the closing minutes of a wide-ranging “ask-me-anything” session on Wednesday to give the community a granular look at two long-running alliance talks that have often generated more speculation than substance:
▪️a multisided collaboration with Ripple’s XRP ecosystem
▪️an oracle integration with Chainlink.
Hoskinson, responding to a viewer who asked, “Charles, are partnerships of Ripple and Chainlink still being discussed?”, made it clear that progress has been uneven. “Ripple, yes. Chainlink we’re working hard on that,” he said.
XRP Integration Makes Progress
On Ripple, Hoskinson sounded decidedly upbeat, describing a concrete roadmap that reaches from native wallet support to token distribution and a new role for Ripple’s forthcoming RLUSD stablecoin. He confirmed that “we’re going to add XRP support for Lace, so if you’re an XRP user you can hold your XRP in the Lace wallet,” referring to IOG’s flagship light wallet launched last year.
He went further, noting that “XRP is going to be part of the Midnight airdrop,” the privacy-focused sidechain announced by Input Output Global. Even the stablecoin is on the table: “we’re in talks with RLUSD so I mean, uh, that’s as good as it gets,” he said, hinting that Cardano infrastructure might natively support Ripple’s fiat-pegged asset.
Hoskinson attributed the new momentum partly to personal rapport inside Ripple’s technical brain-trust. “David Schwarz just invited me to speak at one of their conferences and we’re on very good terms,” he disclosed.
The founder also revealed that “the Flare [Network] people want to come to Cardano and do oracles with us,” underscoring that the partnership has broadened beyond Ripple and broadens to the entire XRP Ledger ecosystem.
sed that relations remain cordial—“I have [Sergey] Nazarov’s private number… we meet and we’re like ‘Yeah, we need to work together’”—the substance of the collaboration still hangs in limbo.
Chainlink, he explained, “has us on the list for integration” and is migrating to “some new framework that’s kind of like Rosetta with Coinbase to do these integrations.” The result is a moving target: “for some reason it’s just always like three to six months off.”
Hoskinson dismissed any notion that the delay stems from politics or money. “There’s no component of it where there’s an interpersonal issue… there’s no component where there’s an economic issue,” he insisted. Instead, he pointed to Chainlink’s bifurcated codebase—“they have like a legacy way of doing it [and] they’re moving towards a new way”—which makes it “hard to predict… what the integration’s going to take.”
Even staffing up the effort has not forced the process across the finish line. “No matter how many people I throw at it… it just, for some reason, doesn’t get over the line,” he admitted, conceding that Cardano is “kind of in this no man’s land” while it waits for Chainlink’s next-generation tooling to stabilize.
Despite the frustration, Hoskinson reiterated his desire for Chainlink to become a premier oracle on Cardano, though he added that “there’s also Pyth [Network] and then there’s Flare and others” in play. He softened the critique with an anecdote about the two founders’ similarities, quipping that “Sergey and I… have the same fashion style, we have the same beard, we’re the same body mass… there’s no bad blood.”
At press time, ADA traded at $0.72.
@ Newshounds News™
Source: Bitcoinist
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