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

Good Morning Dinar Recaps,

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

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

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

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

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

Satoshi owned Bitcoin in spotlight 

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

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

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

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

@ Newshounds News™

Source:  U Today

~~~~~~~~~

BRICS: IS THE ALLIANCE COMMON CURRENCY PLAN OFFICIALLY OVER?

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

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

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

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

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

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

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

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

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

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

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

@ Newshounds News™

Source: Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

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

TNT:

Tishwash:  Halliburton to Develop 2 Oil Fields in Iraq

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

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

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

 (Source: Media Office of the Prime Minister)  link

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Mot: ... for my next prediction: 

Mot: Such a cutie

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

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

1-24-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=zFeBImnC1Q0

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

Good Afternoon Dinar Recaps,

RIPPLE CEO SPARKS SPECULATION OVER XRP IN US STRATEGIC RESERVE

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

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

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

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

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

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

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

Ripple Pushes for Inclusion in the Reserve

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

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

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

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

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

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

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

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

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

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

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

TRUMP EXEC ORDER DIGITAL ASSETS WORKING GROUP: FED NOT INVITED

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

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

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

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

The key actions of the executive order are to:

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

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

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

Stablecoins in, banks out?

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

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

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

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

No wholesale CBDC?

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

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

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

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

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

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

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

@ Newshounds News™

Sources:  Ledger Insights,  WhiteHousegov

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

Iraq News Posted by Clare at KTFA 1-24-2025

KTFA

Clare:  Raed Fahmy: Iraq is exposed to increasing economic pressures under the Trump administration

1/24/2025  Baghdad - 

Iraq is facing increasing economic pressures under the administration of US President Donald Trump, Secretary of the Iraqi Communist Party, Raed Fahmi, said on Friday, calling on the government to reveal its plans to confront these risks.   LINK

Clare: Parliamentarian: The House of Representatives will pass a set of laws after approving the controversial ones

1/24/2025

A member of the House of Representatives expects a number of laws to be passed during the upcoming sessions after the approval of the controversial laws.

Khaled Hamad Allawi told Al Furat News Agency: "New laws will be passed in the coming period because all the remaining laws are considered simple compared to the previous laws passed."

He explained that "the general amnesty, personal status and property return laws are considered among the laws that were obstructing the work of the House of Representatives and were passed."

Raghad   LINK

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

Clare:  Parliamentary Energy Reveals US Pressure to Pass Budget Amendment Law...and This is the Reason

1/23/2025 Baghdad

The Parliamentary Energy Committee revealed, on Thursday, American pressure to pass the amendment to the budget law.

The Deputy Chairman of the Energy and Natural Resources Committee in the House of Representatives, Adnan Al-Jaberi, said in an interview with the “Al-Mudawala” program, which is broadcast on “Al-Ahd” channel, that “most of the companies operating in the Kurdistan Region are American,” stressing that “the American administration is pressing to expedite the amendment of the budget law.”

He added, "The amendment of the budget aims to address the oil dispute between Baghdad and Erbil," indicating that "the amendment of Article 14 of the budget will lead to the appointment of about 12,000 employees on a contract basis."

He added, "The vote on amending the budget will lead to Baghdad's recognition of the oil contracts concluded by the region," explaining that "we proposed to the region to establish a national oil company affiliated with the federal Ministry of Oil."

He added, "We are seeking to amend Article 12 of the budget in a strict manner to prevent the region and the center from evading implementation."  LINK

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

Clare:  Hanan Al-Fatlawi calls on Parliament to pass the budget amendment as quickly as the three laws were approved

1/24/2025  Baghdad 

Head of the Irada bloc, MP Hanan Al-Fatlawi, called on the House of Representatives today, Friday, to pass the amendment to the three-year budget law with the same speed with which it passed the three laws.

Al-Fatlawi said in a tweet followed by "Mawazine News": "I call on the House of Representatives to pass the budget amendment with the same speed with which it passed the three laws within seconds."

She added, "Keeping the budget unamended means that the government will continue to pay one trillion dinars per month in salaries to the region, while companies in the region continue to produce 320,000 barrels per day (870 billion dinars per month) that are smuggled outside Iraq and sold at low prices, much lower than SOMO prices, in addition to Turkey demanding a fine of $24 million per month for not exporting oil through the Iraqi pipeline extending to Ceyhan."  LINK

Clare:  Al-Alaq: Baghdad Dialogue is a meeting point for visions and ideas that support security and development

1/24/2025  Baghdad

The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Friday, that the Baghdad Dialogue is a meeting point for visions and ideas that support security and development.

Al-Alaq said in a statement received by "Al-Eqtisad News", "The Baghdad Dialogue, which is organized annually by the Iraqi Institute for Dialogue (IID), is a platform that brings together visions to enhance Iraq's regional and international role, and highlight its ability to host major events, to become a meeting point for visions and ideas that support security and development in Iraq, the region and the world."

It is noteworthy that the activities of the seventh Baghdad International Dialogue will be launched with the participation of an elite group of political, economic and academic figures from inside and outside Iraq on February 22, 2025.  LINK

Economist’s “News and Views” 1-24-2025

Delinquencies on Debt Surging: ‘ Huge Humanitarian Crisis Already Happening’ | Lynette Zang

Kitco News:  1-23-2025

Lynette Zang, CEO of Zang Enterprises, discusses the precarious state of the U.S. and global economies, emphasizing unsustainable debt levels and the potential for hyperinflationary depression.

Zang speaks with Kitco News on the sidelines of the Vancouver Resource Investment Conference (VRIC).

Key points: -The current system is nearing collapse due to excessive debt and the manipulation of financial markets

-Zang advocates for the acquisition of physical gold and silver as a hedge against economic instability, warns against reliance on fiat currencies

-Coming crisis will exceed that of 2008 Zang also stresses the importance of community and self-sufficiency in navigating future economic hardship, while expressing concern over the looming implementation of Central Bank Digital Currencies (CBDCs).

00:00 Introduction and Welcome

 00:59 Credit Card Crisis and Economic Health

02:00 Life Cycles of Currencies and Debt

04:09 Banking System and Systemic Issues

 07:10 Hyperinflation and Economic Predictions

20:35 Strategies for Inflation and Wealth Preservation

27:12 Conclusion and Final Thoughts

https://www.youtube.com/watch?v=2m43i91oeok

LIVE! The Dollar IS DEAD AND WE NAILED IT! TRUMP DEMANDS FED LOWER RATES! Its Over...

Greg Mannarino:  1-24-2025

https://www.youtube.com/watch?v=cbpv9izLp3A

How the Fed Flipped the Yield Curve (and the consequences)

Heresy Financial:  1-24-2025

TIMECODES

00:00 The Inverted Yield Curve Disappears

00:18 Long-Term Rates Rise Despite Fed Cuts

01:25 How Lower Short-Term Rates Stimulate Lending

 02:17 Government Debt, T-Bills & Short-Term Borrowing

 03:32 M2 Money Supply Growth & Bank Lending

05:38 Debt Repayment & Shrinking the Money Supply

 06:43 Inflation Concerns Drive Long-Term Interest Rates

 07:38 Bear Steepening: Why Bond Prices Are Falling

09:02 TLT’s Collapse & the Dangers of Holding Long Bonds

 10:27 High Debt-to-GDP & Why Treasuries Underperform

11:36 Final Thoughts: Modern Portfolios & Future Rate Outlook

https://www.youtube.com/watch?v=O3QZAMwTlAY

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

Good Morning Dinar Recaps,

TRUMP CANCELS CBDC, FAVORS STABLECOIN IN U.S. FINANCIAL STRATEGY

▪️Donald Trump cancels CBDC, favoring USD-backed stablecoins to safeguard privacy and enhance financial inclusion globally.

▪️A new task force will recommend clear crypto regulations to foster innovation while opposing invasive financial oversight.

President Donald Trump has taken a strategic move by issuing an executive order to boost the United States position in digital finance technology. One of the most notable orders is the country’s cancelation of central bank digital currency (CBDC).

This order attests to the United States’ preference for stablecoins backed by US dollars over CBDC development, as opposed to that of other nations.

This action is considered a reaction to worries that CBDC might be utilized as too intrusive monitoring instruments violating people’s privacy.

Stablecoins, according to Trump, provide a better alternative for advancing global financial inclusion and preserving the US dollar’s status as the most often used currency worldwide. The US wants to increase its impact in the global digital financial space by helping dollar-backed stablecoins.

Trump: Emphasize Stablecoins and Financial Independence

Strong legal protections for players in the blockchain and digital asset sectors are given by this executive order. Individuals and organizations today have legally acknowledged rights to access, grow, and apply public blockchain technology free from onerous legal restrictions.

Furthermore, underlined by this sequence is the need for self-custody services, which let consumers freely manage their digital resources.

A fundamental issue in the use of CBDC is the stability of value, which stablecoins are said to be able to provide while preserving user anonymity. The US government thus aims to build a digital financial environment that is creative, competitive, and still upholds personal financial freedom.

Of course, this is not the case with CBDC, which is regarded to be able to provide complete control to the government; dollar-based stablecoins provide people chances to still have control over their assets.
Working Group and Regulatory Suggestion Notes

Trump established the “President’s Working Group on Digital Asset Markets” per this order. David Sacks will be in charge of this team and assigned to create a legislative framework that advances the growth of the crypto market. This panel is anticipated to offer suggestions within 180 days that will help to establish legal certainty and draw greater industry innovation.

It also eliminates earlier rules pertaining to crypto deemed to stifle creativity. Proposed legislative clarity should enable players in the crypto space to create innovative technologies free from governmental ambiguity.

Notably, underlined by the restriction on CBDC is the government’s concentration on safeguarding personal privacy from possible too-extensive monitoring.

Advocates of this approach think that stablecoin innovation will help the US dollar’s position on the world market to be strengthened without compromising citizens’ financial freedom. It also implies that the US will not adopt the worldwide trend in central bank digital currencies.

Meanwhile, as we previously reported, Donald Trump is under investigation for ethics after his public involvement in the TRUMP token generated national security and conflict of interest concerns. The TRUMP meme coin was mentioned in a letter addressed to the House Oversight and Government Reform Committee as having the ability to grant inappropriate access to foreign entities.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

BRICS: CHINA BREAKS SILENCE ON US TENSIONS, TRUMP TARIFF THREAT

With all eyes fixed on the growing geopolitical turmoil, China, a key member of the BRICS alliance, has officially broken its silence on the growing US tensions amid US President Donald Trump’s impending tariff threat. Indeed, the country has been among the few to speak out regarding the West’s warnings.

After being inaugurated Monday, Trump wasted no time in targeting the BRCIS group. Specifically, he reassured previous threats that he would impose a 100% tariff on the economic alliance. The action was meant as retaliation for the bloc’s ongoing de-dollarization efforts.

Trump Tariff and US Tensions Get Response From China as West & BRICS Faceoff Continues

For the last two years, the BRICS economic alliance has committed to lessening international reliance on the US dollar. Specifically, the bloc has sought out ways to avoid sanctions on various members. That process has seen the group promote the use of local currencies.

Although the previous Biden administration was okay with allowing the practices to go on with little retaliation, Donald Trump is not. Therefore, he has responded in rather concerning ways for those in favor of geopolitical peace. Now, key BRICS member China has broken its silence on emerging tensions and the 100% tariff threat issued by US President Trump.

In a recent report, the Chinese Ministry of Foreign Affairs (MoFA) released a statement Thursday. “As an important platform for cooperation among emerging markets and developing countries, BRICS advocates openness, inclusiveness, and win-win cooperation, not bloc confrontation, and does not target any third party,” they said. “The aim is to realize common development and prosperity,” they added.

The statement reaffirms its commitment to the bloc. Moreover, it signals the country’s willingness to continue on the path it has charted. Additionally, the answer comes weeks after India responded to the ongoing threat. Specifically, External Affairs Minister S Jaishankar said the country has “no interest” in weakening the US dollar.

“The US is our largest trade partner,” the official said. We have no interest in weakening the dollar at all,” they added. The development is ongoing and could be vital to global economics in the early months of Trump’s return to the Oval Office.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

News, Rumors and Opinions Friday AM 1-24-2025

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 24 Jan. 2025

Compiled Fri. 24 Jan. 2025 12:01 am EST by Judy Byington

Thurs. 23 Jan. 2025: (POSSIBLE SCENARIO)

Treasury Instructions Payment Steps on Global Launch of Funds: (These instructions are for higher tiers, not for Tier4b) The global launch of the Funds is just going to take place worldwide, marking the start of the global registered asset redemption program officially launched in a few hours.

First Phase:
1. German Gold Bonds of 1924
2. Zimbabwe Agro Checks
3. Yellow Dragons and Phoenixes

Second Phase:
1. Blue Dollar from the package
2. Cash Boxes 9 Treaty of Versailles Full Mother Boxes
3. Chinese Red Dragons

Third Phase:
1. Superpetchilis of 1913 (RAILWAYS)
2. Chinese Agricultural Bonds
3. Other High Value Zimbabwe Coins
4. Other Federal Reserves and Mini Chains all.

All registered assets will be paid in order of preference, with large transactions being the first as their suppliers cease in their absence.

Your assets are formed and cannot be sold anywhere else as the amounts are already deposited in payment accounts and payment agreements are given on a contract-by-contract basis.

Revaluations will be calculated directly by the treasury using different formulas for different calls.

Transactions will be paid in stages. – The first payment is 1% and 9% will be paid within eight days of verification of assets from recorded transactions. – The remaining amount will be paid in deferred weekly or monthly transfers.

All qualified sellers will be contacted via phone or email based on the contact details entered in KYC provided at the time by the seller and if the sellers or the vendor do not respond, it will be moved to the next file. Therefore, please request all sellers to be vigilant and check their mailbox periodically to answer any call even if it is an unknown number or a hidden number.

There is one item that we have no control over in the payment list, we only know that here: – they pay first to priority representatives of seniors with SKR certificate and – then it will be the big files to the smaller files and – within each category from the oldest file to the most recent registration date, Therefore, we ask all sellers to understand this rule and be patient.

Advantages of redemption for the seller and all facilitator: – seller and intermediaries will all have full immunity of funds – sellers and intermediaries will be exempt from taxes – only the seller will have diplomatic passport and will get the status of world sovereignty – the seller will be able to operate global citizenship.

Read full post here:  https://dinarchronicles.com/2025/01/24/restored-republic-via-a-gcr-update-as-of-january-24-2025/

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

Emailed to Recaps

(Possible) TIER PLATFORM  PAYOUTS

Payout Schedule for Tier Groups involved in the RV:

The Dubai Accounts Funds the RV: Dubai 1 fundsTiers 1&2 of the RVand Dubai 2 funds Tiers 3&4 of the RV, while Dubai 3 funds the Adjudicated Accounts and GESARA.

The payout of the Bonds and Currency is done in order of the different tiers. There are five Tiers that will be exchanging: Tiers 1, 2, 3, 4 &5.

Liquidity Release is done in a certain order. The Elders, German Bonds and select Yellow Dragon Bonds must be paid first and have been.

A. Dubai 1 released for liquidity which then triggers Dubai 2&3.

B. Fines & Penalties are released to recipients (they need D1 liquid, this is their hold up)

C. Bonds will be liquid (they need D1 to be liquid)

D. Tiers 1-4b are notified. (they need D1 to be liquid) It appears all is set to go on or about the same time!

Tier 1 Sovereign Nation Debt of Governments: Chinese Royals, Bond Holders, Paymasters, Church Groups, CMKX, F&P, Adjudicated Settlements, Ranch and Farm Claims and other groups.

Tier 2 Royals, Elders, Whales, Military Generals and some political type Elites with platforms of currency, corporations, etc.

Tier 3 Admirals Group, American Indians, CMKX, large church groups like the Church of Jesus Christ of Latter-day Saints. The Pentecostal group was now 100% under an NDA.

Tier 3 was all Dubai 2 Trust Money and originally was the Generals and public. Now Tier 3 includes groups with projects including the Admiral.

The Admiral was sent to the back of the line and renamed Tier 4A (really just a pie slice of tier 3). The Admiral’s Group was composed of three parts – most notable of which was Tier4a Core groups and 130 VIP groups.

Tier 4B, (us, the Internet Group) is the largest group and composed of the general public who paid attention to the intel – the people who have bought currency and/or bonds and kept up with the reset by way of information on the Internet.

Tier 5 The general public who never paid attention to the Intel.

The official GO for Tier 4b has not been released yet. It can happen any moment. As all Tier1-4b are funded, we await the final release to reach to our level.

It’s a process. It’s tedious and time consuming – making adjustments as needed along the way for accuracy and safety of all involved. It’s a very quiet & discrete operation, where the general public is left uninformed for obvious reasons. Pay attention to the levels that are ahead of us. That will help give a better understanding of where we are, in relation to it reaching the 4b level. BUT, it is unfolding. And when it reaches our levels, there will be no doubts. It’s coming! Keep the faith.

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

Militia Man  One of the key things in a monetary policy when they go to revalue a country is they have high security.  They want to tamp down currency manipulation.  They want to stamp out the black market... That's all part of the process.  Article quote:  "Any attempt to manufacture, possess or pass on fake bank notes is a criminal act that is severely punished by law, calling for the delivery of any fake bank notes to the police and to the central bank of Iraq." 

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
Mr Sammy says when [Amendment 12 of budget] passes...then the next step will be that the budget table will be going to parliament...Once that passes a new rate will show before the tables go to parliament because the budget table line items need that rate.  FRANK:  Thank you for that understanding.  I really appreciate it.  I'm going to rule out the 15 days and focus only on the accomplishment of the Amendments that will expose the new budget and the new rate.

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

Iraq's 2025 Budget & Non-Oil Revenue IQD Exchange Rate

Edu Matrix:  1-24-2025

Iraq is making remarkable strides in diversifying its economy as non-oil revenues soar to nearly 12% of total revenues in the first nine months of 2024.

This substantial increase, up from 7% before the landmark three-year budget approval in 2023, is driven by enhanced import customs, expanded taxes, and contributions from the housing, transport, and construction sectors.

In this video, we delve into the insights from financial adviser Mudhar Saleh and explore the impressive jump in non-oil revenues from 4.7 trillion dinars in 2023 to almost 14 trillion dinars in 2024.

Join us as we unpack the implications of these changes and the remaining challenges, including a $49 billion budget deficit. Like and share this video for more updates on Iraq's economic journey!

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

“Tidbits From TNT” Friday Morning 1-24-2025

TNT:

Tishwash:  3415 personnel trained to combat money laundering

As part of the Central Bank of Iraq's measures to combat money laundering and terrorist financing, it announced yesterday, Wednesday, the training of (3415) people concerned with this file.

Hussein Al-Maqram, representative of the Anti-Money Laundering and Terrorist Financing Office at the Central Bank, confirmed to "Al-Sabah" that "the Financial Action Task Force issued a report confirming the strength and solidity of the system followed in Iraq with regard to combating money laundering and terrorist financing."

He added that "the report reflects the solid system in Iraq to combat these crimes, and the important efforts made by the state to combat them in accordance with international standards."  

Al-Maqram pointed out that "the report focused on understanding the risks of money laundering and terrorist financing, and the effectiveness of implementing measures to combat these crimes, including international cooperation, confiscation of criminal proceeds, and investigation and prosecution procedures."

He continued by saying: "Based on the annual and comprehensive training plan to raise the level of knowledge and commitment to the requirements imposed in the field of combating money laundering, terrorist financing and financing the proliferation of weapons, the number of trainees cocerned with the anti-money laundering and terrorist financing system during the past year reached (3415) trainees." link

Tishwash:  Taxes Knock on the Doors of Electronic Payment Ports in Iraq (Document)

The General Tax Authority, affiliated with the Iraqi Ministry of Finance, began operations on Thursday towards electronic payment outlets across the country, days after a decision by the Central Bank that sparked widespread controversy regarding closing these outlets or merging them with exchange companies.

A document issued by the Authority, obtained by Shafaq News Agency, was addressed to the Central Bank of Iraq, in order to provide it with a database of electronic payment outlets, in order to register them and collect taxes from them.

Last Monday, the Association of Financial Outlets for Electronic Payment in Iraq ended a strike that it had started that morning, in protest against the decision of the Central Bank of Iraq to close outlets or merge them with exchange companies.

However, the Central Bank later denied issuing any directive or statement regarding the closure of exchange outlets, stressing in a statement that the goal is to expand the spread of financial outlets through ATMs and licensed electronic payment companies. link

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

Tishwash:  Prime Minister confirms Iraq's aspiration for more cooperation with the Arab Monetary Fund

Prime Minister Mohammed Shia Al-Sudani called on the Arab Monetary Fund to cooperate in building bridges with its financial institutions.

A statement from his media office received by "Al-Eqtisad News" stated that "Al-Sudani received the head of the Arab Monetary Fund, Mr. Fahd bin Mohammed Al-Turki."

He stressed "the government's support for the tasks of the Arab Monetary Fund, of which Iraq is a founder and the second largest contributor, after the Kingdom of Saudi Arabia."

Al-Sudani pointed out that "Iraq looks forward to further cooperation with the Fund, and that the effects of its work will be reflected on the Iraqi scene, through its contribution to financing the reconstruction and development campaign that the government has embarked on, especially in the field of infrastructure, as well as the desire for the Fund to work on expanding the contribution of Iraqi cadres in its work, and building bridges with Iraqi financial institutions."

He stressed "the importance of the Fund contributing to strengthening Arab ties, by regulating financial, monetary and trade relations, in a way that enhances common interests between them."

For his part, the Chairman of the Board of the Arab Monetary Fund stressed the Fund's keenness to support Iraq and participate in its development programmes, in a way that contributes to enhancing constructive cooperation in the field of financial and financing sectors.  link

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

Tishwash:  President of the Republic: Our relationship with America and Iran is good, and we are not under the control or will of any country

The President of the Republic, Abdul Latif Jamal Rashid, confirmed that Iraq is now free of terrorist operations, while describing the relationship with the United States of America and Iran as “good” and that we are not under the control or will of any country.

Rashid said, in an interview with Asharq Al-Awsat newspaper, followed by {Al-Furat News}, that: “Trump’s return is an important step to resolve conflicts in the world and the Middle East, and Iraq is now free of terrorist operations, and what remains of terrorism does not exceed a few pockets.”

He added, "Our relations with the United States of America are good, and we thank the American position for standing by our side in fighting the terrorist organization ISIS," noting that "the American forces are present under bilateral agreements, and at the request of the Iraqi government and in coordination and consultation with the political forces in Iraq."

Rashid continued, "The factions are now under the control of the government according to procedures that the relevant authorities are working on, to reach a situation that ends any combat activity in these circumstances," stressing "the importance of the state of Iran as a state and our relations with it are good; but we are the decision-makers in Iraq, and we are not under the control or will of any state."

He added, "Our region is a historical and civilized region, and is considered one of the most important regions. It is rich in natural resources more than any region of the neighboring countries. Therefore, we must enjoy our wealth, enjoy security and peace, and work to solve the problems of the neighboring countries."

Rashid added, "We tried to contribute to finding solutions to settle the situation in Syria during the era of Bashar al-Assad's regime, several times. Syria is an important country in the Middle East, and it shares borders with a number of countries in the region, but Bashar's regime unfortunately did not invest in our attempts. We supported Syria's return to the Arab League, and we tried to bring the views of the former Syrian regime and the various factions closer together."

"We wish the new administration in Syria success in improving the situation, but things are not very clear yet," he added, explaining, "We share a long border with Syria, and the fact is that there are a large number of terrorist organizations on the Iraqi-Syrian border, and that worries us. The international community must work to find radical solutions to the crisis of terrorists in detention camps who hold different nationalities."

Regarding the water crisis, Rashid said, “The water crisis exists at the present time, and its solutions also exist. The solutions, in my opinion, are easy if there is a real and serious intention to solve this problem. There are three main factors that contribute to the water crisis: neighboring countries, climate, and improving water management in Iraq.”  link

Mot: and Now We Has --- ""Snowda""

Mot: Poor old Earl……muffin likes pets

Iraq Economic News and Points to Ponder Thursday Evening 1-23-25

Auction Does Not Build The Economy - Khalil Ibrahim Al-Abidi  January 12, 2025

The mission of the world's central banks is to control the rhythm of the economy, by controlling the interest rate, not by auction.

It is the bank of banks, working through clearing and opening credit, and ensuring the protection of the country's currency from damage and decline against other currencies.

It issues a currency whose value is evaluated in gold, not in the currency of others, upon request. The auction is an innovation of Bremer since the occupation, and we have become accustomed to the mistake and it has become a lifeline.

Gentlemen... The Central Bank did well recently and left the auction platform, and returned to respect its currency, which is the dinar.

What is required today, as we are at the beginning of the year, is to think carefully about what the repercussions will be, and to return with determination to the documentary cycle in imports, and to work without selling the currency by opening credit for those who want to import,

by relying on our government banks after purging them of corruption and identifying correspondent banks for those who carry sobriety and integrity of correspondence, and finally determining the scale of priorities when importing and encouraging national production and exploitation of raw materials,

and imposing exorbitant fees to protect industries and the rest of the products, and working to follow up on what is imported under the import license and ridding the country of the decline of its currency and the danger of imports,

and the most important step is to zero out the dinar, and buy the 1,250 old dinars for one dinar of the new currency during the exchange after printing the one dinar denomination, and the value of one dinar will be one dollar through the documentary import cycle, and we have sufficient revenues in addition to the sovereign reserves.

Making the value of one dinar equal to one dollar will keep the citizen, merchant, traveler, doctor, etc. away from running after the dollar. Rather, he will be reassured that his currency is valid for purchase and exchange wherever he is, and this is the point of safety.   LINK

International Report Confirms The Strength And Solidity Of Iraq’s System In Combating Money Laundering And Terrorist Financing

Time: 2025/01/23 09:14:21 Read: 2,405 times  {Economic: Al Furat News} An official at the Central Bank of Iraq revealed the issuance of a report by the Financial Action Task Force on combating money laundering and terrorist financing in Iraq.

Hussein Al-Maqram, representative of the Anti-Money Laundering and Combating the Financing of Terrorism Office at the Central Bank, said in a press statement that “the Financial Action Task Force issued a report confirming the strength and solidity of the system followed in Iraq with regard to combating money laundering and terrorist financing.”

He added that "the report reflects the strong system in Iraq to combat these crimes, and the important efforts made by the state to combat them in accordance with international standards."

Al-Maqram pointed out that "the report focused on understanding the risks of money laundering and terrorist financing, and the effectiveness of implementing measures to combat these crimes, including international cooperation, confiscation of criminal proceeds, and investigation and prosecution procedures."

He continued by saying: “Based on the annual and comprehensive training plan to raise the level of knowledge and commitment to the requirements imposed in the field of combating money laundering, financing terrorism and financing the proliferation of weapons, the number of trainees concerned with the anti-money laundering and terrorist financing system during the past year reached (3415) trainees.” LINK

FATF Commends Central Bank's Anti-Money Laundering Measures

Banks   Economy News – Baghdad   The Financial Action Task Force praised the measures taken by the Central Bank of Iraq to combat money laundering and terrorist financing.

The representative of the Anti-Money Laundering and Terrorist Financing Office at the Central Bank of Iraq, Hussein Al-Maqram, said in an interview with “Al-Sabah” followed by “Al-Eqtisad News” that the International Financial Action Task Force issued a report in which it confirmed the strength and solidity of the system followed in Iraq with regard to combating money laundering and terrorist financing.

He explained that "the Middle East and North Africa Financial Action Task Force (MENAFATF) adopted, in its general meeting held in the State of Bahrain last year, the mutual evaluation report of the Republic of Iraq, which reflects its great commitment to implementing international standards to combat money laundering and terrorist financing."

Al-Maqram added that "the report reflects the solid system in Iraq to combat money laundering and terrorist financing, and the significant efforts made by the state to combat these crimes in accordance with international standards in this regard," noting that "the report focused on understanding the risks of money laundering and terrorist financing, and the effectiveness of implementing measures to combat these crimes, including international cooperation, confiscation of criminal proceeds, and investigation and prosecution procedures."

Al-Muqrim explained that "the mutual evaluation process of the Republic of Iraq was completed in accordance with the standards approved by the Financial Action Task Force (FATF). The evaluation resulted in identifying strengths that reflect the efforts made to enhance compliance with the standards of combating money laundering and terrorist financing, in addition to identifying weaknesses that need improvement and treatment.

At the same time, the Republic of Iraq continues to work seriously to address the points identified in the report, by implementing corrective plans and procedures aimed at strengthening its financial and legal system in line with international requirements.

This comes within the framework of Iraq's commitment to continuous cooperation with the Financial Action Task Force, similar to the rest of the member states."

He added that "the office works within the framework of the National Strategy for Combating Money Laundering, Financing of Terrorism and Proliferation of Arms for the period (2023-2027), which aims to enhance efforts to combat money laundering and financing of terrorism through a set of specific objectives and axes.

It is also currently working on following up and implementing the update of the national assessment process for money laundering and financing of terrorism risks related to the anti-money laundering and financing of terrorism system, which is one of the national efforts to enhance compliance with the international standards issued by the Financial Action Task Force (FATF).

This process is considered an important tool for analyzing and identifying the risks facing the financial and economic system in Iraq."

The representative of the office at the Central Bank confirmed that, "Based on the annual and comprehensive training plan to raise the level of knowledge and commitment to the requirements imposed in the field of combating money laundering, financing terrorism and financing the proliferation of weapons, the number of trainees concerned with the anti-money laundering and terrorist financing system reached (3415) trainees during the past year 2024."https://economy-news.net/content.php?id=52222

Gold Prices Stabilize As Dollar Falls In Baghdad

Stock Exchange  Economy News – Baghdad  The prices of "foreign and Iraqi" gold stabilized in the local markets in the capital, Baghdad, today, Thursday (January 23, 2025).

Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, this morning recorded a selling price for one mithqal of 21 karat Gulf, Turkish and European gold of 282 thousand dinars, and a purchase price of 278 thousand dinars.

The selling price of one mithqal of 21-karat Iraqi gold reached 552 thousand dinars, and the purchase price was 548 thousand.

As for gold prices in goldsmiths’ shops, the selling price of a mithqal of 21-karat Gulf gold ranges between 585,000 and 595,000 dinars, while the selling price of a mithqal of Iraqi gold ranges between 555,000 and 565,000 dinars.  https://economy-news.net/content.php?id=52227

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

Is the New Golden Age Possible? We Do the Math

Is the New Golden Age Possible? We Do the Math

Notes From the Field By James Hickman (Simon Black)  January 23, 2025

The Wall Street Journal this morning released its latest economic forecast survey.  This is where they ask leading economists what they think inflation and economic growth will be in 2025 and beyond.

The results were pretty incredible. Between the last survey, in October before the election, and this month’s survey, the predictions for US economic growth have increased dramatically.

Optimism is clearly everywhere, not just in the economic forecasts but also the labor market, stock market, etc.  One of the reasons for that, obviously, is that Americans were just promised a New Golden Age of prosperity.

We’ve written before, many times, that America’s gargantuan fiscal challenges are still fixable.

But a Golden Age? Is that really feasible?

Well, above everything else at this organization, we are intellectually honest, and we let the math be our guide. And in today’s podcast, we actually do the math at a high level and discuss whether that Golden Age actually is possible.

Spoiler alert: it is!

But it’s gong to require what I believe are modest budget cuts— roughly $300 billion— and significantly higher economic growth.

When you think about it, it’s really something to be said that the US, i.e. the most advanced economy in the world, only clocks around 2% “real” GDP growth each year.

Given America’s population growth, the literally tens of trillions of dollars of investable capital, the massive pool of talent, and innovation, 2% growth is utterly pathetic. Talk about under-achieving your potential.

It’s deregulation, ease of doing business, and tax policy that can really move the needle on that growth.

And these are all completely realistic goals.

At the same time, there are so many forces and entrenched special interests that will battle against reform. So while there’s plenty of reason to be optimistic, it’s not a forgone conclusion.

That’s why it makes so much sense to have a Plan B.

We talk about all this and more in today’s podcast, as we walk through the math on the New Golden Age. (For the audio-only version, check out our online post here.)

To your freedom,   James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/podcast/is-the-new-golden-age-possible-we-do-the-math-podcast-152005/