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Largest Credit Crisis in History
Largest Credit Crisis in History
WTFinance: 2-14-2025
The WTFinance podcast recently welcomed back Alasdair Macleod, a renowned expert in sound money, economics, geopolitics, and precious metals. Macleod delivered a sobering assessment of the global landscape, covering a wide range of critical issues, from the underappreciated resilience of gold to the looming specter of a credit crash.
During the engaging discussion, Macleod painted a picture of a world teetering on the brink of significant change, driven by geopolitical shifts, unsustainable debt levels, and a fundamental reshaping of the global economic order. Here’s a breakdown of the key talking points:
Largest Credit Crisis in History
WTFinance: 2-14-2025
The WTFinance podcast recently welcomed back Alasdair Macleod, a renowned expert in sound money, economics, geopolitics, and precious metals. Macleod delivered a sobering assessment of the global landscape, covering a wide range of critical issues, from the underappreciated resilience of gold to the looming specter of a credit crash.
During the engaging discussion, Macleod painted a picture of a world teetering on the brink of significant change, driven by geopolitical shifts, unsustainable debt levels, and a fundamental reshaping of the global economic order. Here’s a breakdown of the key talking points:
Macleod believes gold is currently flying under the radar of mainstream investment, despite its crucial role in the unfolding global narrative. He emphasizes that while Western investors might be overlooking it, central banks in the East, particularly China and Russia, are actively accumulating gold, laying the groundwork for a potential shift in the global monetary system.
The conversation delved into the changing dynamics of global power. Macleod suggests the US is subtly distancing itself from Europe, focusing instead on its internal stability and potentially shifting its strategic focus to the Pacific. He also predicts that China is poised to further solidify its dominance in global manufacturing, driven by its robust infrastructure and manufacturing capabilities.
Macleod is deeply critical of the European Union, predicting significant turmoil and even a potential “bust.” He points to the inherent structural weaknesses of the Eurozone, highlighting the unsustainable debt burdens of some member states and the lack of fiscal unity as key vulnerabilities.
A central theme of the discussion was the unsustainable global debt bubble. Macleod warns that we are rapidly approaching a point where the debt burden becomes unserviceable, inevitably leading to a significant credit crash. He believes that governments will resort to the “monetization of all debt,” essentially printing money to cover obligations, which will ultimately debase currencies and fuel inflation.
The depreciation of the British Pound was discussed as a symptom of broader economic challenges. Macleod sees it as a reflection of the UK’s own debt burden and its vulnerability to global economic shocks.
Macleod highlighted the significant flow of gold from West to East. He connects this phenomenon to the deliberate strategy of countries like China and Russia to build their gold reserves, potentially paving the way for a gold-backed currency in the future. This shift could fundamentally alter the global monetary order, potentially dethroning the US dollar as the world’s reserve currency.
The podcast paints a picture of an emerging multi-polar world, where the dominance of the United States is gradually diminishing. This new world order will be characterized by increased competition and a rebalancing of power between different nations and economic blocs.
When asked for one takeaway message, Alasdair Macleod likely stressed the importance of understanding the interconnectedness of these factors and the critical role of sound money principles, including holding precious metals like gold and silver, as a hedge against the looming economic uncertainty.
He likely advised listeners to prepare for significant changes in the global economic and political landscape and to take steps to protect their wealth from the coming storm.
The WTFinance podcast with Alasdair Macleod offers a stark warning about the fragility of the current global economic system.
While the predictions are undeniably concerning, they serve as a valuable wake-up call, urging listeners to educate themselves, understand the risks, and take proactive measures to navigate the turbulent times ahead.
Seeds of Wisdom RV and Economic Updates Saturday Morning 2-15-25
Good Morning Dinar Recaps,
BRAZIL REJECTS BRICS CURRENCY BUT PLANS TO REDUCE US DOLLAR DEPENDENCY
Brazil is all set to chair the 17th BRICS summit in Rio de Janeiro in July this year. The presidency will not advance a BRICS currency but plans to reduce dependency on the US dollar, said four Brazil government officials on the condition of anonymity.
The agenda of the upcoming summit aims to pave the way to end reliance on the US dollar.
The next BRICS summit will discuss the advancement of cross-border payments and cement policies that prefer local currency usage. The move will bring inflation in the US making daily essentials skyrocket and could also lead to job cuts.
Good Morning Dinar Recaps,
BRAZIL REJECTS BRICS CURRENCY BUT PLANS TO REDUCE US DOLLAR DEPENDENCY
Brazil is all set to chair the 17th BRICS summit in Rio de Janeiro in July this year. The presidency will not advance a BRICS currency but plans to reduce dependency on the US dollar, said four Brazil government officials on the condition of anonymity.
The agenda of the upcoming summit aims to pave the way to end reliance on the US dollar.
The next BRICS summit will discuss the advancement of cross-border payments and cement policies that prefer local currency usage. The move will bring inflation in the US making daily essentials skyrocket and could also lead to job cuts.
Brazil Will Not Work on BRICS Currency But Aim to End Reliance on US Dollar
The Brazilian officials revealed that the idea of a common BRICS currency has not entered technical discussions yet, though Brazil’s President Luiz Inacio Lula da Silva was among the first leaders to flout the idea.
The government officials told Reuters that the next summit will see trade policies solely focused on local currencies.
However, the officials said that reducing reliance on the US dollar does not mean the alliance targets the West. “It’s not directed against anyone,” said the source.
The bloc is also eyeing multilateral bodies like the Bank for International Settlements (BIS) for cross-border transactions. Therefore, BRICS currency might not be a reality now but de-dollarization will be kept alive in different forms.
Sources state that BRICS does not want to launch a currency due to Trump’s erratic behavior. The President warned that if the alliance stops using the US dollar, it will face tariffs on goods entering the country. “There is no chance that BRICS will replace the US Dollar in International Trade, or anywhere else, and any Country that tries should say hello to Tariffs, and goodbye to America!” Trump wrote on Truth Social.
@ Newshounds News™
Source: Watcher Guru
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US IRS PREPARES TO LAY OFF THOUSANDS OF WORKERS, SOURCES SAY
Feb 14 (Reuters) - The U.S. Internal Revenue Service is preparing to fire thousands of workers in the coming days, a move that could squeeze resources at the tax-collecting agency during the critical tax-filing season, two people familiar with the matter said.
Officials from the Office of Personnel Management, which oversees federal hiring, ordered all agencies on Thursday to dismiss their probationary employees, workers who are newer to their positions and do not enjoy full job protections.
The IRS remains busy for months after the deadline, processing returns and delivering refunds to taxpayers.
The IRS layoffs, first reported by the New York Times, come as part of a broader effort by President Donald Trump and Elon Musk's overhaul of the federal government, which they argue is too bloated and inefficient, and ripe with waste and fraud.
The IRS did not immediately respond to a request for comment.
The second person familiar with the impending layoffs expressed concerns that the cuts would be made without care to how it might hinder the agency's operations.
"They are trying to reduce numbers across the board with no analysis to the impact it will have on operations," the person said.
@ Newshounds News™
Source: Reuters
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GEORGIA PLANS BITCOIN INVESTMENTS FOR STATE TREASURY FUNDS
▪️Georgia proposes a bill allowing the state treasurer to invest in Bitcoin to diversify public funds.
▪️The bill aims to use Bitcoin as a hedge against inflation, with strict regulations for risk management.
Georgia has introduced a bill that would authorize the state treasurer to invest public funds in Bitcoin. Many parties were quickly drawn to this action as, up to now, Bitcoin has been more recognized as a speculative asset than a state investment tool.
Once regarded as ‘digital gold’ for young techies, Bitcoin is beginning to find its way into government coffers. This measure intends to diversify Georgia’s financial reserves by including some money into the digital asset. Legislators, on the other hand, view Bitcoin’s usefulness as a hedge against the inflationary upheaval still afflicting the world economy.
@ Newshounds News™
Read more: Crypto News Flash
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ISRAEL ANNOUNCES NAMES OF THREE HOSTAGES SET FOR SATURDAY RELEASE FROM GAZA
CNN — Israel has announced the names of the three hostages set to be released Saturday, in what would be the sixth exchange of hostages and Palestinian prisoners under the Gaza ceasefire deal that came into effect last month.
Israel said Friday that Palestinian militants will release American-Israeli Sagui Dekel-Chen, Russian-Israeli Alexandre Troufanov and Argentinian-Israeli Iair Horn.
A release of 369 Palestinian prisoners by Israel is expected to follow, Hamas’ Prisoner Media Office said.
Newshounds News™
Source: CNN
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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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“Tidbits From TNT” Saturday Morning 2-15-2025
TNT:
Tishwash: The Central Bank of Iraq is among the top 10 banks buying gold in the world
The Central Bank of Iraq ranked seventh on the list of central banks that bought the most gold in 2024, according to data from the World Gold Council.
The volume of gold purchases by the Central Bank of Iraq in 2024 amounted to about 20 tons, surpassing Hungary, Uzbekistan and Ghana, while the first six countries on the list are Poland, Turkey, India, Azerbaijan, China and the Czech Republic.
Here is a list of the top 10 central banks buying gold in 2024 :
TNT:
Tishwash: The Central Bank of Iraq is among the top 10 banks buying gold in the world
The Central Bank of Iraq ranked seventh on the list of central banks that bought the most gold in 2024, according to data from the World Gold Council.
The volume of gold purchases by the Central Bank of Iraq in 2024 amounted to about 20 tons, surpassing Hungary, Uzbekistan and Ghana, while the first six countries on the list are Poland, Turkey, India, Azerbaijan, China and the Czech Republic.
Here is a list of the top 10 central banks buying gold in 2024 :
Poland: 89.5 tons
Türkiye: 74.8 tons
India: 72.6 tons
Azerbaijan: 44.8 tons
China: 44.2 tons
Czech Republic: 20.5 tons
Iraq: 20.1 tons
Hungary: 15.5 tons
Uzbekistan: 11 tons
Ghana: 11 tons link
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Tishwash: Iraq moves towards globalization.. Implementation of international accounting standards begins in 2026
The former director of the Financial Supervision Bureau, Salah Nouri, revealed the steps taken by Iraq to move to fully implement international accounting standards by 2026.
Nouri said in a statement to {Euphrates News} that: "The unified accounting system, which was adopted in the mid-eighties, was appropriate for the economic situation at the time; but it led to Iraq's delay in keeping pace with international standards."
He added, "The Accounting and Auditing Standards Board adopted 14 accounting rules according to international standards until 2016; but that was not enough to keep pace with global developments. In 2017, the board made a bold decision to adopt all international accounting standards, with the aim of enhancing financial transparency and attracting foreign investments, especially in the oil and banking sectors."
Nouri pointed out that "the committee tasked with preparing the new unified accounting system completed its work in 2019, and the implementation of international standards was announced in 2021, but the Corona pandemic postponed this implementation."
He stressed that "the year 2026 will witness the final implementation of these standards, which will make the Iraqi accounting environment consistent with the requirements of global financial markets."
“This step will encourage foreign companies to invest in Iraq and will provide transparent financial data that will help in making sound investment decisions,” Nouri concluded.
International accounting standards are a common language for companies around the world, making it easier for investors to understand companies’ financial statements and make informed investment decisions.
This step comes as part of Iraq’s efforts to enhance financial transparency and attract foreign investment, especially in light of the economic challenges facing the country. link
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Tishwash: Framework MP calls on Parliament to pass important laws before the end of its constitutional term
Representative of the Coordination Framework, Salem Al Anbaki, called on the House of Representatives to continue performing its duties by discussing and approving important laws that affect the lives of citizens and serve the country.
Al-Anbaky confirmed to {Euphrates News} that "approving these laws before the end of the parliament's constitutional term represents a real duty that must be focused on."
Regarding the mechanism for dealing with laws, Al-Anbaky pointed out that "there is an approach followed by the parliament's presidency in managing the legislative file," noting "the lack of clarity about the method followed to determine priorities, whether by temporal precedence, based on importance, or according to what is presented by parliamentary committees."
Al-Anbaky called for "the necessity of adopting a transparent mechanism for legislating laws in a way that ensures the priority of legislation that touches on citizens' needs and aspirations." link
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Tishwash: Iraq meets with NATO in Baghdad.. Al-Sudani stresses long-term partnership
Prime Minister Mohammed Shia Al-Sudani received today, Friday, at his residence in Munich, the Commander of the NATO Joint Forces Command, Admiral Stuart Munch.
During the meeting, they discussed enhancing bilateral cooperation with NATO in the field of training, intelligence coordination, and logistical support, based on the outcomes of the recent visit of the NATO Commander to Iraq.
It was also emphasized that the high-level security dialogue would continue in preparation for the bilateral meeting to be held in Baghdad later this year.
The Prime Minister stressed the importance of cooperation, in light of the long-term partnership with NATO, through the advisory role in the field of combating terrorism and developing and rehabilitating the Iraqi security forces, in a way that contributes to strengthening Iraq's security and stability.
For his part, Admiral Munch stressed the importance of the bilateral relationship in the field of providing advice and training, praising the great development in the capabilities of the Iraqi forces to confront challenges and impose security. link
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Mot: UH OH - the day after!!!
Mot: That Was a Close un Bob
News, Rumors and Opinions Saturday AM 2-15-2025
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 15 Feb. 2025
Compiled Sat. 15 Feb. 2025 12:01 am EST by Judy Byington
Global Currency Reset:
Mon. 10 Feb.: Liquidity was (allegedly) released to the 12 platforms that then funded the 38 platforms beneath them (Tiers 1 and 2). …JR Truth
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 15 Feb. 2025
Compiled Sat. 15 Feb. 2025 12:01 am EST by Judy Byington
Global Currency Reset:
Mon. 10 Feb.: Liquidity was (allegedly) released to the 12 platforms that then funded the 38 platforms beneath them (Tiers 1 and 2). …JR Truth
Tues. 11 Feb. 2024: A military Intel contact said they (allegedly) released everything for the Global Currency Reset at 3pm PDT on Tues. 11 Feb. 2025 to (allegedly) start the shotgun release of liquidity & notifications over next 72 hours for the lower levels / tiers including Tier4B. …Carolyn Bessette Kennedy on Telegram
Wed. 12 Feb. Funding(allegedly) released to Bond Holder accounts. Banks could no longer (allegedly) see or have access to individual bank accounts. Some private groups were(allegedly) paid out on Wed. 12 Feb, while others will be paid on Thurs. 13 Feb. …Bruce
On Thurs. 13 Feb. Nesara (allegedly) funds started going out – so the R&R allowance it looks like started going out at `1pm to those in dire financial need. Redemption Center leaders are (allegedly) going in to work at 10am on Thurs. 13 Feb.…Bruce
Thurs. 13 Feb. A member showed a series of screen shots, that showed social security deposited in their Chase account. They weren’t expecting this amount, and not due any refunds. It shows Social Security sent the deposit, and shows it as a deposit from Social Security of $3314.00 If you add their regular $1664 monthly SS, with the surprise deposit of $3314.00 it is $22 short of the $5,000. And it came on a Thursday! NESARA!
They got their normal $1664 but then last night the $3314. Out of the blue from Social Security? This all signs of NESARA is on its way!! Everyone keep an eye out on your bank accounts in the coming weeks if you’re retired. …Judy Porter
Fri. 14 Feb. 2025: Tier 1 and Tier 2 have been paid, I was just told. …Mike Berra
Fri. 14 Feb. 2025: I’ve been told my platform (that has currency and bond holders in it) started today Fri. 14 Feb. and will start payments on Tues. 18 Feb. I expect currency notifications around same time. …JR Truth
Sat. 15 Feb. 2025 A US space Force contact plus another source said T4B would exchange no later than Sat. 15 Feb. Bond Holders have access to their funds on Sat. 15 Feb. 2025 …Bruce
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Global Financial Crisis:
Fri. 14 Feb. 2025 Banks Shut Down in 24 States: https://beforeitsnews.com/prophecy/2025/02/warning-banks-shut-down-in-24-states-wells-fargo-chase-bank-of-america-us-bank-more-2565847.html
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Fri. 14 Feb. 2025 Buckle up.
There’s a massive move happening in the gold market that almost nobody’s talking about. Huge physical deliveries. Shortages in London. Gold flowing into the U.S. at record levels. Someone with deep pockets is scooping up gold—likely the U.S. Treasury or Fed. …Carolyn Bessette Kennedy on Telegram
Why? The theory: They’re preparing for a full-on gold audit—meaning they’re re-shoring gold they might’ve leased out. Once audited, that gold could form the backbone of a new monetary system. This could signal a seismic shift in the dollar’s status and value.
The endgame: A major devaluation of the U.S. dollar to reset America’s global competitiveness. Think back to 1971 (Nixon shutting the gold window) or 1985 (Plaza Accord). This time, it might be even bigger—some call it the “Mar-a-Lago Accord.”
Tariffs are key. They aren’t just about steel, aluminum, or stopping fentanyl. They’re the cudgel to force other countries to accept a new currency regime. The U.S. wants to drive down the dollar’s value vs. the yuan, euro, yen, etc. to boost exports and domestic industry.
Bottom line: Prepare for a major monetary reset. One that’s orchestrated (they hope) rather than chaotic. These aren’t half-baked theories. You can see it in gold flows, Trump’s policy picks, the talk of a Sovereign Wealth Fund, and a looming forced revaluation.
Read full post here: https://dinarchronicles.com/2025/02/15/restored-republic-via-a-gcr-update-as-of-february-15-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Article quote: "...to mitigate the impact of sudden changes in the currency rates it will be necessary to have a trend towards strengthening the Iraq dinar...and diversifying...income away from the heavy dependence on the dollar." Their goal is to strengthen the Iraq dinar...This is a very big deal. You know they stopped flowing the dollar into Iraq... so they will use the dinar...Bye-bye dollar. Here we go dinar. Iraq is going to have to use their own currency...
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Mr Sammy says a modification to the exchange rate is a hot topic amidst his friends. FRANK: All rumors have a source of original truth. The conversations you are hearing around you may be classified as rumors but they come from a fountain of knowledge. You and many of your colleagues have gone to CBI meetings...executive meetings and you have seen what the CBI has been telling you concerning the monetary reform education, how it is explaining everything to you and the citizens...IMO in a few days they're going to show you [lower notes] because that will prepare you to receive your new exchange rate.
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Ditching the Dollar for Gold & Silver – What Texas Knows
Daniela Cambone: 2-14-2025
Gold rallying alongside a strong dollar means it’s even stronger than you think, says Eric Wade, editor of Crypto Capital at Stansberry Research and author of America vs. Americans.
In this interview, he joins Daniela Cambone to discuss Texas lawmakers’ proposal to create gold and silver-backed currencies to compete with fiat money and the future of the yellow metal.
“If our trend is towards, I want to back our currency with something, gold has to be in that mix,” Wade says, predicting a $3,500 price tag in the near future.
Watch the video to learn how you can take advantage of gold’s strength in today’s economy!
Chapters:
00:00 Texas’ gold-backed currency plan
5:20 Strong dollar movement
11:30 U.S. dollar
12:07 CBDC ban
15:08 CBDC threat
17:27 Gold rally
21:38 Bitcoin
Seeds of Wisdom RV and Economic Updates Friday Afternoon 2-14-25
Good Afternoon Dinar Recaps,
U.S. BANKS EYE CRYPTO CUSTODY AMID TRUMP’S PRO-CRYPTO SHIFT
The U.S. crypto scene is booming with President Donald Trump’s return, as his pro-crypto stance and push for clear regulations are sparking excitement on Wall Street.
In a recent update, Crypto reporter Yueqi Yang has shared insights on the growing involvement of U.S. banks in the crypto services sector. Notably, some large banks are leveraging regulatory changes under President Trump to enter the market, with a focus on cryptocurrency custody.
Good Afternoon Dinar Recaps,
U.S. BANKS EYE CRYPTO CUSTODY AMID TRUMP’S PRO-CRYPTO SHIFT
The U.S. crypto scene is booming with President Donald Trump’s return, as his pro-crypto stance and push for clear regulations are sparking excitement on Wall Street.
In a recent update, Crypto reporter Yueqi Yang has shared insights on the growing involvement of U.S. banks in the crypto services sector. Notably, some large banks are leveraging regulatory changes under President Trump to enter the market, with a focus on cryptocurrency custody.
Citigroup is considering adding crypto custody services, according to sources quoted by The Information. This move follows the bank’s announcement of a successful proof of concept project, which showed its ability to issue and store tokenized private equity funds on a blockchain network.
Citigroup Joins Major Financial Players
Notably, Citigroup, with $2.4 trillion in assets, is joining other major financial institutions in the growing digital asset custody space.
BNY Mellon is expanding its custody services beyond Bitcoin and Ethereum ETFs, while Standard Chartered has rolled out a digital asset custody service in Dubai. HSBC is planning institutional-grade custody offering, and Crédit Agricole and Banco Santander’s joint venture secured crypto custody approval in France.
Meanwhile, State Street, managing $44.3 trillion, partnered with Taurus to offer crypto custody and tokenization services for institutional investors.
While Coinbase is in talks with banks to offer custody and trading services, however, many banks are still waiting for approval from the Federal Reserve and the New York Department of Financial Services, which is delaying their entry into crypto trading, noted The Information reporter Yueqi Yang.
More Banks Eye Crypto Services
Jerome Powell, the Federal Reserve Chair, said U.S. banks with proper risk checks could serve crypto clients. However, many in the industry are concerned about debanking tied to new tech. Recently, Powell has promised to work with Congress to end this issue.
At the same time, more banks are eyeing crypto services. In January, Morgan Stanley-backed E-Trade hinted at offering crypto services, while Goldman Sachs said it would consider digital asset operations if regulations allowed.
@ Newshounds News™
Source: Coinpedia
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JUDGE REMOVES KEY LEGAL HURDLE FOR TRUMP’S PLAN TO TRIM FEDERAL WORKFORCE WITH DEFERRED RESIGNATIONS
WASHINGTON (AP) — A federal judge on Wednesday removed a key legal hurdle stalling President Donald Trump ’s plan to downsize the federal workforce with a deferred resignation program.
The Boston-based judge’s order in the challenge filed by a group of labor unions was a significant legal victory for the Republican president after a string of courtroom setbacks.
“This goes to show that lawfare will not ultimately prevail over the will of 77 million Americans who supported President Trump and his priorities,” said White House press secretary Karoline Leavitt.
Another group of unions filed a lawsuit in Washington, D.C. late Wednesday, though its potential impacts were not immediately clear.
About 75,000 federal workers accepted the offer to quit in return for being paid until Sept. 30, according to McLaurine Pinover, a spokesperson for the Office of Personnel Management.
She said the deferred resignation program “provides generous benefits so federal workers can plan for their futures,” and it was now closed to additional workers.
@ Newshounds News™
Source: AP News
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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‘The System Is Rigged to Collapse’ – Why This Is an Escape Hatch | Jeff Booth
‘The System Is Rigged to Collapse’ – Why This Is an Escape Hatch | Jeff Booth
Kitco News: 2-13-2025
Is the world being repriced right now and what does that mean? The U.S. debt spiral has reached a breaking point, surpassing $36 trillion, with inflation and financial repression accelerating.
As trust in fiat currencies erodes, Bitcoin and gold are emerging as competing safe havens, but will governments embrace, manipulate, or try to control them?
Jeff Booth breaks down why the current system is unsustainable, how AI and deflationary forces are colliding with an inflation-driven monetary system, and whether a Bitcoin Strategic Reserve is inevitable.
‘The System Is Rigged to Collapse’ – Why This Is an Escape Hatch | Jeff Booth
Kitco News: 2-13-2025
Is the world being repriced right now and what does that mean? The U.S. debt spiral has reached a breaking point, surpassing $36 trillion, with inflation and financial repression accelerating.
As trust in fiat currencies erodes, Bitcoin and gold are emerging as competing safe havens, but will governments embrace, manipulate, or try to control them?
Jeff Booth breaks down why the current system is unsustainable, how AI and deflationary forces are colliding with an inflation-driven monetary system, and whether a Bitcoin Strategic Reserve is inevitable.
With central banks accumulating gold at record levels and Bitcoin adoption spreading, we ask: Is a financial reset coming? What happens to your wealth, your savings, and the future of money?
Key Points:
-Why the U.S. debt crisis is past the point of no return
-Could Bitcoin become a national strategic reserve asset?
-Is Bitcoin’s decentralization strong enough to resist state control?
-Gold vs. Bitcoin: Which wins in a financial reset?
-How inflation, AI, and monetary policy are reshaping global markets
00:00 Introduction: US Sovereign Wealth Fund & Bitcoin's Role
02:39 Bitcoin's Impact on the Economy and Inflation
09:08 Volatility and Security Concerns with Bitcoin
20:30 Comparing Bitcoin and Gold as Investment Assets
26:08 Bitcoin's Impact on Global Politics
28:12 The Chaos Loop and Global History of Money
30:37 The Rapid Growth of Bitcoin Adoption
35:36 Predictions for Bitcoin and the Global Economy
41:50 Global Leaders in Bitcoin Adoption
Banking System Implosion
Banking System Implosion
Liberty and Finance: 2-13-2025
In a recent appearance on Liberty and Finance, financial analyst Gregory Mannarino dissected the precarious state of the banking system and its broader ramifications on the American economy.
Mannarino pulled no punches, highlighting the inherent flaws within the fiat currency model, the inadequacy of Federal Reserve audits, and the dangers lurking within the deregulation of banks.
Mannarino began by addressing the fundamental challenge of managing national finances within a fiat currency system.
Banking System Implosion
Liberty and Finance: 2-13-2025
In a recent appearance on Liberty and Finance, financial analyst Gregory Mannarino dissected the precarious state of the banking system and its broader ramifications on the American economy.
Mannarino pulled no punches, highlighting the inherent flaws within the fiat currency model, the inadequacy of Federal Reserve audits, and the dangers lurking within the deregulation of banks.
Mannarino began by addressing the fundamental challenge of managing national finances within a fiat currency system.
He argued persuasively that the inherent structure of fiat money, unbacked by tangible assets, makes reigning in government spending an uphill battle. This, he contends, contributes significantly to the ongoing economic struggles and the relentless expansion of the national debt.
Without the discipline imposed by a commodity-backed currency, governments are more inclined to overspend, leading to inflation and erosion of purchasing power.
Furthermore, Mannarino cast a critical eye on the audits conducted by the Federal Reserve. He argued that these audits are often superficial and fail to provide a transparent and comprehensive picture of the nation’s financial health. This lack of transparency, he claims, leaves consumers in the dark, unable to make informed decisions based on the true state of affairs. Instead, they are often presented with a sanitized version of reality, obscuring the systemic risks brewing beneath the surface.
He stressed the importance of individuals demanding greater accountability and transparency from the central bank to safeguard their financial well-being.
Perhaps the most alarming aspect of Mannarino’s analysis centered on the deregulation of banks. He warned that loosening the regulatory reins on financial institutions could pave the way for increased risk-taking and potentially devastating consequences for consumers.
Deregulation, he argues, allows banks to engage in more speculative activities, ultimately jeopardizing the financial security of average citizens. This echoes concerns raised in previous financial crises, where inadequate oversight allowed banks to engage in reckless behavior, leading to widespread economic devastation.
Interestingly, Mannarino also addressed the attention being given to Bank of America, suggesting that it might be strategically positioned as a scapegoat for problems that extend far beyond the institution itself. He warned against focusing solely on individual entities while ignoring the deeper systemic issues that plague the entire financial landscape.
By singling out Bank of America, he suspects, the powers that be may be attempting to divert attention from the broader structural flaws that require fundamental reform.
In conclusion, Gregory Mannarino’s appearance on Liberty and Finance painted a stark picture of the challenges facing the American economy.
His insights into the limitations of the fiat currency system, the inadequacies of Federal Reserve audits, and the dangers of deregulation serve as a potent warning for consumers to remain vigilant and demand greater accountability from those entrusted with managing the nation’s financial affairs.
His commentary serves as a stark reminder that understanding the complexities of the banking system and the policies that shape it is crucial for protecting one’s financial future in an increasingly volatile economic environment.
Seeds of Wisdom RV and Economic Updates Friday Morning 2-14-25
Good Morning Dinar Recaps,
TWO NEW FEDERAL LAWSUITS CHALLENGE TRUMP, MUSK AND DOGE ON CONSTITUTIONAL GROUNDS
WASHINGTON — More than a dozen state attorneys general and numerous current and former government employees filed lawsuits Thursday aiming to stop billionaire Elon Musk from shuttering federal agencies.
The two complaints allege the far-reaching power Musk has asserted under the so-called Department of Government Efficiency, or DOGE, is a violation of the Constitution’s Appointments Clause. The clause stipulates presidential appointments must come under the advice and consent of the U.S. Senate.
Good Morning Dinar Recaps,
TWO NEW FEDERAL LAWSUITS CHALLENGE TRUMP, MUSK AND DOGE ON CONSTITUTIONAL GROUNDS
WASHINGTON — More than a dozen state attorneys general and numerous current and former government employees filed lawsuits Thursday aiming to stop billionaire Elon Musk from shuttering federal agencies.
The two complaints allege the far-reaching power Musk has asserted under the so-called Department of Government Efficiency, or DOGE, is a violation of the Constitution’s Appointments Clause. The clause stipulates presidential appointments must come under the advice and consent of the U.S. Senate.
“Questions regarding Defendant Musk’s and DOGE’s role, scope of authority, and proper appointment processes are not merely academic. Plaintiffs — among countless other American individuals and entities — have had their lives upended as a result of the actions undertaken by Defendants Musk and DOGE,” according to a complaint filed by 26 unnamed former and current employees in the U.S. District Court for the District of Maryland.
The employees, though unidentified, collectively have decades of service at federal agencies, including USAID, where on Feb. 2 Musk’s DOGE personnel broke into the agency’s headquarters.
Citing damages to their careers and financial security, the plaintiffs are seeking the court to block “Defendant Musk and his DOGE subordinates from performing their significant and wide-ranging duties unless and until Defendant Musk is properly appointed pursuant to the U.S. Constitution.”
Democratic attorneys general
Fourteen state attorneys general filed a separate lawsuit in the U.S. District Court in the District of Columbia, requesting the court block further action from Musk and DOGE. The lawsuit also names President Donald Trump as a defendant.
Trump established the U.S. DOGE Service on his first night in office via executive order, and created the entity as a temporary organization with the purposes of modernizing government technology. Presidents do not have the power to create new federal agencies; by law only Congress can.
Musk is a “special government employee,” according to the White House.
The state attorneys general also argue that Musk’s actions, with Trump’s blessing, are violating the law governing temporary organizations under the executive branch.
“By its plain terms, this limited authorization does not amount to a carte blanche grant of authority to the Executive to create new federal agencies from whole cloth,” according to the complaint.
In the first three weeks of Trump’s administration, Musk and his personnel — most of whom worked at one of Musk’s private companies — have accessed the backend of numerous government agencies, including the Department of Treasury’s central payment system, and orchestrated the ouster of civil servants.
Musk has touted on X canceling millions upon millions in government payments and contracts.
Lawsuits pile up
The two lawsuits Thursday are just the latest among scores of legal challenges piling up against Musk and Trump.
Musk has lashed out on X, his own social media platform, against federal judges who have issued injunctions against the Trump administration.
New Mexico Attorney General Raúl Torrez said the U.S. Constitution was “founded in part to guard against the accumulation of state power in the hands of a single individual.”
“And while that construction was first focused on the abuse of power of an 18th-century monarch, it is no less dangerous in the hands of a 21st-century tech tycoon,” Torrez said during a virtual Thursday press conference alongside Arizona Attorney General Kris Mayes and Michigan Attorney General Dana Nessel.
Mayes said Americans are witnessing an “ongoing coup against the Constitution of the United States as we speak.”
“The richest man in the world is now running roughshod over the authority of federal agencies in violation of the rule of law and the Constitution,” Mayes said.
Nessel said Musk’s actions are “by far the largest and most urgent concern of the individuals, Michiganders, who have been reaching out to my office.”
]
“It’s left them feeling hopeless and paralyzed to protect themselves, their personal information, critical funding, programming and jobs that they depend on,” Nessel said during the press conference.
State attorneys general from California, Connecticut, Hawaii, Maryland, Massachusetts, Minnesota, Nevada, Oregon, Rhode Island, Vermont and Washington, also joined the lawsuit.
Musk’s estimated wealth is $379 billion, according to Bloomberg’s billionaire index cited by the government employee plaintiffs. Musk owns Tesla, SpaceX, Neurolink, xAI and X, formerly known as Twitter. During the 2024 presidential election cycle, Musk was the top donor to Trump and Republicans at $288 million.
@ Newshounds News™
Source: TennesseeLookout
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MICHIGAN BECOMES LATEST STATE TO PROPOSE CRYPTO RESERVE BILL
A bill filed in Michigan’s House would allow the state to buy crypto and lend it out to increase yields for state funds.
Michigan has become the latest US state to propose a strategic Bitcoin reserve bill, bringing the total number of states moving crypto reserve-related legislation to 20.
On Feb. 13, Representatives Bryan Posthumus and Ron Robinson introduced HB 4087 to amend the state’s Management and Budget Act to establish a strategic Bitcoin reserve.
The move makes Michigan the 20th US state with legislation for state crypto investments pending a vote.
“Michigan can and should join Texas in leading on crypto policy by signing into law my bill creating the Michigan Crypto Strategic Reserve,” Posthumus said on X. Texas Senator Charles Schwertner had filed a similar bill to the state’s Senate on Feb. 12.
The Michigan bill would allow the state’s treasurer to invest in crypto from both the general fund and economic stabilization fund with a cap of 10%. The bill doesn’t specify any limits or guidelines for what cryptocurrencies can be bought for the reserve.
The bill also includes a provision for lending crypto, saying that “if cryptocurrency can be loaned without increasing financial risk to this state, the state treasurer is permitted to loan the cryptocurrency to yield further return to this state.”
The state must hold crypto directly through secure custody solutions or exchange-traded products from registered investment companies.
Michigan’s state pension fund already has exposure to Bitcoin and Ether exchange-traded funds.
Posthumus also floated the idea of “MichCoin” in a Feb. 13 X post, which he said was “a stablecoin, which I believe the state of Michigan should create” that he said would “have real value — tied to our gold and silver reserves.”
There are currently 20 US states that have crypto reserve bills that have advanced beyond the level of a House committee.
The most recent state to propose or amend a crypto bill was Texas, which filed for legislation this week to allow the state to invest and trade crypto assets. North Dakota, meanwhile, is the only state to have rejected legislation regarding crypto investments.
@ Newshounds News™
Source: CoinTelegraph
~~~~~~~~~
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News, Rumors and Opinons Friday AM 2-14-2025
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. 14 Feb. 2025
Compiled Fri. 14 Feb. 2025 12:01 am EST by Judy Byington
What We Think We Know as of Fri. 14 Feb. 2025:
Possible Timing:
Tues. 11 Feb. 2025 OFFICIAL NOTIFICATION: Leaders in the Global Currency Reset (allegedly) received signal payments authorized by the Quantum Network
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. 14 Feb. 2025
Compiled Fri. 14 Feb. 2025 12:01 am EST by Judy Byington
What We Think We Know as of Fri. 14 Feb. 2025:
Possible Timing:
Tues. 11 Feb. 2025 OFFICIAL NOTIFICATION: Leaders in the Global Currency Reset (allegedly) received signal payments authorized by the Quantum Network
Since Friday 3 Feb. 2023 all Basel 4 Compliant banks were expected to go public with the new Gold / Commodity-backed currency International Rates as required by the GESARA Law, this is the Re-evaluation of all the global currencies (meaning the global currency reset).
The use of the FIAT US Dollar will be (allegedly) used for up to 90 days Feb. / March / April parallel with the new United States Note (USN), they may cut it off of by April 30th or soon thereafter.
~~~~~~~~~~~
The Real News for Thurs. 13 Feb. 2025:
Thurs. 13 Feb. 2025 President Trump welcomes the Prime Minister of India, Narendra Modi to the White House. Modi is one of the five original founders of the BRICS Alliance, which has (allegedly) instigated the Global Currency Reset of 209 nations.
~~~~~~~~~~
Thurs. 13 Feb. 2025: Your Quantum Financial System (QFS) Account …QFS on Telegram
Your personal QFS account is (allegedly) already set up, holding all your personal data You do not have to set it up. THERE’S NOTHING LEFT TO CONFIGURE!
Beware, scammers are out there, trying to trick you into configuring your QFS account. Don’t be fooled when people tell you to configure your QFS account. There’s nothing left to configure. What they really want is to steal your personal data and rob you of your wealth.
Your account already (allegedly) contains funds, money tied to your birth certificate, past loans, mortgages, and more. This is YOUR money, earned over your lifetime, securely stored in your QFS account.
The system is in place, and soon, after the bonuses are collected, the general public will be summoned to Redemption Centers. There, you’ll receive your QFS card and finally access the wealth that’s rightfully yours.
When the time comes, you’ll be asked to sign a Non-Disclosure Agreement (NDA), and then, you won’t be able to talk about any of this. So, GET READY. Even if you don’t believe it now, you have an account with a lot of money waiting for you, and once this kicks off, there’s no turning back. Stay vigilant, your future depends on it!
Read full post here: https://dinarchronicles.com/2025/02/14/restored-republic-via-a-gcr-update-as-of-february-14-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Mr Sammy still says those budget tables are rate related and they are the key. That's why they've been hiding them. FRANK: We know it's been hidden. We now understand and know where it is hidden - In the budget.
Mnt Goat Articles: “AMERICA STOPS THE DOLLAR CASH TO IRAQ: WILL THE DOLLAR RISE AGAINST THE
DINAR?” and ” TARGETING IRAN, US TIGHTENS IRAQ’S DOLLAR FLOW, CAUSING PAIN“. These are my favorite articles in the news... It may at first seem imposing, but it will lead us to what we have been looking for all along...this move by the US is supported by the CBI and is in the plan as the next move that had to be made...It is going to set up the dinar for the future value...
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Insiders Scramble To Get Their Gold Back | Andy Schectman
Liberty and Finance: 2-13-2024
Join us for an exclusive livestream Q&A with Andy Schectman, CEO & President of Miles Franklin Precious Metals.
Schectman will delve into the recent draining of London's gold vaults and the current dynamics of the retail gold market.
Despite gold prices soaring to all-time highs, retail demand for physical gold remains surprisingly low, and premiums are staying low as well.
Tune in for expert insights on these paradoxical trends and what they mean for the future of gold investing.
“Tidbits From TNT” Friday Morning 2-14-2025
TNT:
Tishwash: this is about old dollar notes ... or is it?
Iraq’s market turns away from “old US Dollar”
Deeply entrenched since the 2003 US invasion, the dollar has become a cornerstone of Iraq’s economy, fueling oil exports, trade, and daily transactions, effectively operating as a parallel currency. However, older banknotes, especially pre-2003 issues, face growing rejection from traders and exchange offices.
Dollar in Iraqi Economy
The US dollar holds a significant position in Iraq's economy, functioning almost as a secondary currency. This prominence is rooted in the economic restructuring that followed the 2003 US invasion, during which the United States assisted in establishing the Central Bank of Iraq. Consequently, the dollar became deeply integrated into Iraq's financial system, especially given the country's substantial informal economy that relies heavily on cash transactions.
TNT:
Tishwash: this is about old dollar notes ... or is it?
Iraq’s market turns away from “old US Dollar”
Deeply entrenched since the 2003 US invasion, the dollar has become a cornerstone of Iraq’s economy, fueling oil exports, trade, and daily transactions, effectively operating as a parallel currency. However, older banknotes, especially pre-2003 issues, face growing rejection from traders and exchange offices.
Dollar in Iraqi Economy
The US dollar holds a significant position in Iraq's economy, functioning almost as a secondary currency. This prominence is rooted in the economic restructuring that followed the 2003 US invasion, during which the United States assisted in establishing the Central Bank of Iraq. Consequently, the dollar became deeply integrated into Iraq's financial system, especially given the country's substantial informal economy that relies heavily on cash transactions.
Iraq's oil industry, accounting for nearly 99% of the country’s exports, operates primarily in US dollars. This reliance reinforces the dollar’s dominance while closely linking Iraq’s economic stability to fluctuations in the US currency.
In Iraq, the old-design $100 US banknote, particularly those printed in 2003 or earlier, is commonly referred to as “Al-Ammani.” The term dates back to the 1990s when this denomination was widely circulated in Amman, Jordan. Due to strong trade ties between Iraq and Jordan at the time, the nickname made its way into Iraq.
Turns Away from Old Dollar Bills
Over time, new versions of the $100 bill with enhanced security features were introduced, making older editions less common in circulation.
Ahmed Sadiq, owner of Al-Aws exchange office, told Shafaq News that “some currency exchange offices refuse to buy old-design US dollar banknotes from customers,” noting that others accept them but at a rate 2,000 to 3,000 dinars lower than the market price.
He added that some exchange offices stamp certain dollar banknotes with a special office seal to avoid disputes, “because some customers have returned dollar bills to exchange offices, claiming they were counterfeit and alleging they had purchased them from those offices.”
“Marking foreign currency with a seal could create difficulties for buyers when trying to exchange them abroad,” he acknowledged.
For his part, Jowad Malik, owner of Al-Fas exchange office, told Shafaq News that “the reluctance to deal with old-design US dollars stems from counterfeiting cases in Turkiye and Jordan and rumors of such banknotes entering Iraq.” He noted that “many exchange office owners no longer accept them, considering them a thing of the past, or they buy them at a discount of up to 20,000 dinars or more—mainly those who can exchange them at the central bank.”
He also pointed out that many exchange offices refuse to handle $1 bills sometimes even $5 bills, despite neighboring countries accepting, assuming that this is largely influenced by major traders who dominate dollar transactions.
In addition, Iraqi trader Haider Al-Hassani told Shafaq News that he completely avoids dealing with old US dollar banknotes “to prevent counterfeiting risks,” as “older notes lack clear security features.”
Al-Hassani added that he also refrains from trading even in new US dollar bills, stating that “economic security regulations prohibit their exchange at market rates.”
Official Stance and Banking Regulations
Director General of Accounting at the Central Bank, Ihsan Shammran, stated to Shafaq News that “all US dollar banknotes issued by the Federal Reserve remain in circulation, and there are no directives from the bank suggesting otherwise, provided the notes are authentic and not counterfeit.”
He added that “the Central Bank of Iraq (CBI) and commercial banks continue to accept all denominations and past series of US dollar banknotes as long as they are genuine.”
Regarding the legitimacy of refusing the banknotes, the financial expert and former CBI Director General, Mahmoud Dagher, explained to Shafaq News that “no matter what happens, neither the public, traders, nor exchange office owners can be forced to accept old-design US dollars,” calling the practice a matter of personal discretion. link
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Tishwash: Iraq, Czech strengthen ties with key agreements
On Thursday, Iraqi Prime Minister Mohammed Shia al-Sudani met with Czech Prime Minister Petr Fiala in Prague.
Al-Sudani’s media office stated that both sides signed an agreement and five memorandums of understanding across various sectors.
“The ceremony included the signing of an air transport agreement between the Iraqi and Czech civil aviation authorities, as well as a memorandum of understanding between the Iraqi Ministry of Oil and the Czech Ministry of Industry and Trade.”
The media office added that “a draft memorandum of understanding was signed between the Ministries of Interior of Iraq and the Czech Republic, along with a cooperation memorandum between the Iraqi and Czech Federations of Industries, another between the Iraqi and Czech Chambers of Commerce, and a letter of intent with the Iraqi Ministry of Environment.” link
**********
Tishwash: Valentine's Day gifts, led by the Tahoe, revive local markets in Iraq
Valentine's Day gift shops witnessed a state of peak and alert during the past two days, as the demand for buying gifts that reflect feelings of love and affection between spouses and lovers increased.
Ibrahim Ali, owner of a gift shop, told Baghdad Today, “Valentine’s Day begins on February 14, and this occasion has begun to witness an increasing presence in Iraqi society, especially in recent years.”
He explained that "there is a real demand for buying gifts by couples, but what is interesting is that the subject is not limited to the youth or newlyweds, but even the elderly, which reflects a message of affection and mercy between spouses and the continuation of the marital relationship. It is an expression of gratitude, communication and harmony, and is a beautiful moment."
Ali added, "Today is the peak day for us, and there is a great demand for buying Valentine's Day gifts, but the level of demand varies from year to year. In some years, demand was very high, and in other years it was low, and this is affected by economic and security factors that put pressure on the level of purchasing."
For his part, Wasfi Karim, who is also a gift seller, pointed out that “the purchasing rate in the past few days was somewhat good, but less than last year, and we hope that today will witness a greater turnout, especially since the weather and general atmosphere encourage celebrating Valentine’s Day, although the economic situation still affects the rates of celebration.”
Karim explained that “a large portion of his customers are shy, so when someone buys a gift for Valentine’s Day, they put it in a dark bag, trying to hide their celebration of this occasion. This reflects an individual privacy that cannot be generalized.”
In a related context, Wajdi Al-Azzawi, owner of a gift and materials sales agency, said, “Valentine’s Day gifts are prepared early, up to a month or two, and are distributed to a large number of shops in Baqubah and the cities of Diyala, and even in the countryside there is a demand for them.”
He told Baghdad Today, "This phenomenon reflects the community's interaction with the occasion, even though we are in a conservative environment, and there are calls to reduce the celebration of Valentine's Day, but it seems that the language of love between spouses, even if it is not announced, is increasingly interacting."
Al-Azzawi added, "Society interacts with this occasion in varying degrees. In some years, there are big celebrations, while in other years, the celebration is modest. Therefore, there are many factors that affect the celebration of Valentine's Day."
In turn, economic expert Nabil Al-Marsoumi stated that "there is an increase in demand for Tahoe cars on Valentine's Day."
Al-Marsoumi pointed out on his Facebook account, which was followed by Baghdad Today, that “Valentine’s Day is one of the most prominent commercial seasons in the world, as it witnesses a significant increase in spending rates on gifts and celebrations, which enhances the movement of markets and supports many economic sectors, from trade to hospitality and tourism. The travel sector also witnesses a noticeable recovery during this occasion, which prompts airlines and hotels to launch special offers to enhance tourism.”
Al-Marsoumi added, “Valentine’s Day has some positive effects on various economies, as estimates from the Ornamental Plants and Products Exporters Association indicate that Turkey exported about 75 million roses to Europe, worth up to $10 million. These roses were exported to 30 countries, most notably the Netherlands, Britain, Germany and Romania, driven by Valentine’s Day events this year.
In the United States, consumer spending on this occasion rises to more than $20 billion, which leads to accelerating the growth rate of the gross domestic product there,” noting that “the impact will be limited in developing countries, including Iraq, as the increase in consumer spending will lead to an increase in imports without leaving a positive impact on the economy.”
The economic expert added, "Iraqis spend a lot of money on travel on Valentine's Day, especially since Iraq's average annual spending on tourism, according to World Bank estimates, is $7.5 billion," adding, "This is due to the poor distribution of income in Iraq, which is represented by a small segment of the population controlling the largest part of the national income. There are 36 billionaires in Iraq, each of whom owns more than a billion dollars, and according to a French study, there are 16 thousand millionaires, each of whom owns between one million and one billion dollars."
He added, "Because of this, Valentine's Day this year witnessed a great demand from these rich people for Tahoe cars as gifts presented on this occasion, noting that the price of the Tahoe is about 100 million dinars, which is equivalent to the monthly salaries of about 150 employees."
Valentine's Day, or as it is known, Love's Day, is one of the social occasions celebrated by the world and Iraqis in February of each year, where people compete to buy gifts and present them to their partners, as gifts and their shops are colored red, expressing the color of the heart, in a step that expresses sharing love. link
************
Mot: hee hee hee They wont see it coming
Mot: When Ya Just Have Had Enough of the Silliness!!!
Mot: Go fur it -- if its fur You!!!
Seeds of Wisdom RV and Economic Updates Thursday Evening 2-13-25
Good Evening Dinar Recaps,
JUDGE REMOVES KEY LEGAL HURDLE FOR TRUMP’S PLAN TO TRIM FEDERAL WORKFORCE WITH DEFERRED RESIGNATIONS
WASHINGTON (AP) — A federal judge on Wednesday removed a key legal hurdle stalling President Donald Trump ’s plan to downsize the federal workforce with a deferred resignation program.
The Boston-based judge’s order in the challenge filed by a group of labor unions was a significant legal victory for the Republican president after a string of courtroom setbacks.
Good Evening Dinar Recaps,
JUDGE REMOVES KEY LEGAL HURDLE FOR TRUMP’S PLAN TO TRIM FEDERAL WORKFORCE WITH DEFERRED RESIGNATIONS
WASHINGTON (AP) — A federal judge on Wednesday removed a key legal hurdle stalling President Donald Trump ’s plan to downsize the federal workforce with a deferred resignation program.
The Boston-based judge’s order in the challenge filed by a group of labor unions was a significant legal victory for the Republican president after a string of courtroom setbacks.
“This goes to show that lawfare will not ultimately prevail over the will of 77 million Americans who supported President Trump and his priorities,” said White House press secretary Karoline Leavitt.
Another group of unions filed a lawsuit in Washington, D.C. late Wednesday, though its potential impacts were not immediately clear.
About 75,000 federal workers accepted the offer to quit in return for being paid until Sept. 30, according to McLaurine Pinover, a spokesperson for the Office of Personnel Management.
She said the deferred resignation program “provides generous benefits so federal workers can plan for their futures,” and it was now closed to additional workers.
American Federation of Government Employees National President Everett Kelley said in a statement that the union’s lawyers are assessing the next steps.
“Today’s ruling is a setback in the fight for dignity and fairness for public servants,” Kelley said. “But it’s not the end of that fight. Importantly, this decision did not address the underlying lawfulness of the program.”
The union continues to maintain that it’s illegal to force American citizens to make a decision, in a few short days, without adequate information, about “whether to uproot their families and leave their careers for what amounts to an unfunded IOU from Elon Musk,” the statement said.
U.S. District Judge George O’Toole Jr. in Boston found that the unions weren’t directly affected, so they didn’t have legal standing to challenge the program, commonly described as a buyout. O’Toole was nominated by former President Bill Clinton, a Democrat.
@ Newshounds News™
Source: AP News
~~~~~~~~~
BRICS: US TRADE WAR, TARIFFS HAS GLOBAL MARKETS PREPARING FOR THE WORST
With geopolitical tensions reaching a fever pitch, the brewing BRICS and US trade war driven by the implementation of new Trump tariffs has global markets preparing for the worst.
Indeed, the US President has continued to forward his aggressive economic policy. Subsequently, it has driven the world to respond as concern rises.
Throughout his campaign for reelection, Trump was adamant that tariffs would be a reality of his returning administration. To this point, he has kept to that word. Yet, the implications of that are beginning to come into view. Moreover, global markets are preparing for them to be dire.
BRICS & US Tensions Push Gold to All-TIme High as Experts Fear for the Worst
The US President has made no qualms about his belief in the US dollar. Indeed, he has maintained his position that the greenback’s status is of the utmost importance.
Last year, he told American citizens that losing its global reserve position would be akin to the nation losing a war.
The effort to preserve the currency’s status has led him to engage with the global south in growing and concerning tensions. As the BRICS bloc and the US prepare for a potential trade war, the global market share is operating for the worst from the continued arrival of Trump tariffs.
The US is set to impose tariffs on metals coming from North American neighbors Canada and Mexico, as well as China. This has led to retaliate tariffs and plummeting base metal prices. Moreover, gold has surged to an all-time high as investors have rushed to the safe haven asset.
Specifically, it reached a price of $2,818 according to Reuters. Meanwhile, US gold futures edged 0.8% higher Wednesday, reaching $2,857.
Financial experts are projecting widespread economic impacts from the ongoing tariffs and retaliatory import taxes. Specifically, with 75% of annual exports from Canada and Mexico to the US coming in the form of metals, they project notable ramifications.
CNN reported that China is preparing a “countermeasure” to the Trump tariffs. However, things between Trump and Chinese President Xi Jinping have been “very good,” according to experts. So, there is the belief that the two could work to avoid a trade war, despite the opposing stance.
Ultimately, growing tensions will drive production costs and consumer prices and alter trade dynamics. These are all realities that BRICS, the US, and global markets must prepare for. How greatly they impact the world, however, remains to be seen.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
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Seeds of Wisdom RV and Economic Updates Thursday Afternoon 2-13-25
Good Afternoon Dinar Recaps,
TOP MUSK STAFFER TO INVESTIGATE IRS OPERATIONS: REPORT
Kliger, one of Musk's top employees, has been meeting with senior executives at the Internal Revenue Service, said sources.
Gavin Kliger, one of the top staffers working with Elon Musk in his efforts to overhaul the federal government, arrived at the Internal Revenue Service on Thursday to examine the agency's operations, according to two people familiar with the matter.
Good Afternoon Dinar Recaps,
TOP MUSK STAFFER TO INVESTIGATE IRS OPERATIONS: REPORT
Kliger, one of Musk's top employees, has been meeting with senior executives at the Internal Revenue Service, said sources.
Gavin Kliger, one of the top staffers working with Elon Musk in his efforts to overhaul the federal government, arrived at the Internal Revenue Service on Thursday to examine the agency's operations, according to two people familiar with the matter.
Kliger was meeting with senior executives at the tax-collecting agency, marking the first time that a member of the Musk-led Department of Government Efficiency (DOGE) has shown up at its headquarters in Washington, the people told Reuters.
The development suggests that Musk, who President Donald Trump has tasked with cutting costs, waste and fraud across the federal government, is now scrutinizing the IRS as part of that effort, even as the ongoing tax season squeezes its resources.
Trump, when asked about the Reuters report, said DOGE was doing a great job and that no agency would escape Musk's gaze.
Separately, senior executives at the IRS were instructed on Thursday to identify all "non-essential" contracts for termination, according to an email seen by Reuters.
In the email, senior executives at the IRS were told that the General Services Administration (GSA), which manages most government contracts, is demanding they review consulting contracts under their purview and determine whether they can be justified.
The GSA deems a contract non-essential if it "merely generates a report, research, coaching, or an artifact," the email says.
"Consistent with the goals and directives of the Trump administration to eliminate waste, reduce spending, and increase efficiency, GSA has taken the first steps in a government-wide initiative to eliminate non-essential consulting contracts," the email says.
@ Newshounds News™
Source: Hindustantimes
~~~~~~~~~
GLOBAL STABLECOIN USE SOARS — WILL TRUMP CRYPTO POLICY PROMPT US ADOPTION?
Stablecoin use continues to expand across the world, and White House crypto czar David Sacks says one of its first priorities is stablecoin legislation in the United States.
One of the top priorities for White House AI and crypto czar David Sacks is addressing the rise of stablecoin legislation in the United States. While stablecoins have gained significant traction internationally, particularly in emerging markets, their adoption in the US has remained limited.
The question remains: can stablecoins pose a threat to the US dollar, or are they simply a complementary feature that will reinforce the existing system?
On Feb. 4, a bipartisan group of US senators introduced legislation aimed at creating a stablecoin regulatory framework.
Tennessee Republican Senator Bill Hagerty emphasized that this bill would provide “a safe and pro-growth regulatory framework” to foster innovation and support President Donald Trump’s vision of making the US “the world capital of crypto.”
Adding weight to this momentum, Federal Reserve governor Christopher Waller expressed his support for stablecoins on Feb. 6, suggesting they could enhance the US dollar's reserve status rather than compete with it.
“I view stablecoins as a net addition to our payment system,” said Waller, who is chair of the Fed Board’s subcommittee on payments. However, he underscored that some “regulatory rails around it” were necessary to make sure that stablecoins are properly backed.
Momentum for stablecoins is building
All things considered, momentum appears to be building regarding the endorsement of stablecoins. Currently, the total stablecoin market cap is $233 billion, with 97% of the sector dominated by US-pegged stablecoins like Tether’s USDT, which alone makes up over 60% of the total stablecoin market capitalization, according to CoinGecko data.
Momentum is building toward widespread endorsement and regulation of these digital tokens, which constitute digital assets pegged to a fiat currency.
Bitcoin ATM CEO Brandon Mintz told Cointelegraph,
“With Trump’s recent executive order on digital financial technology, real discussions around stablecoin legislation, and the new crypto task force, we’re finally seeing signs of real momentum that could keep crypto innovation onshore.”
In his first address to the industry as White House crypto czar, Sacks suggested that stablecoin regulation would move forward soon. “Moving legislation through Congress takes time, but I think this is something we could do in the next six months,” he said in an interview with CNBC on Feb. 4.
“They are very committed to moving legislation through the House and the Senate this year in order to provide that clear regulatory framework that the digital assets ecosystem needs to sustain innovation in the United States.”
The international community warms up to stablecoins
While the international financial community has historically opposed the rise of crypto and stablecoins, often adopting an aggressive stance that industry leaders claim has hindered growth, the potential value of stablecoins has been recognized even by the most traditional financial institutions.
In October 2024, the International Monetary Fund released a report in which economists stated that digital innovations like stablecoins “hold the potential to disrupt the financial landscape” if they achieve widespread adoption.
The report pointed out that while privately issued crypto assets mainly function today as “speculative tools” with limited acceptance as payment instruments, stablecoins aim to offer a consistent value against other currencies, potentially making them “more viable for everyday transactions.”
Experts, however, believe that the US dollar’s dominance is not at risk from the rise of stablecoins. In fact, they argue that its supremacy in the global economy may be reinforced.
Economist Eswar Prasad, a professor at Cornell University and author of The Future of Money, told Cointelegraph that stablecoins and central bank digital currencies could serve as complementary payment tools rather than substitutes.
“The official approval for and regulation of stablecoins denominated in US dollars will provide an indirect boost to the dollar’s already dominant role as a payment currency for international transactions.”
US lawmakers backing the bill argue that dollar-denominated stablecoins could improve transaction efficiency, expand financial inclusion, and strengthen the dollar’s supremacy as the world reserve currency by driving demand for US Treasurys.
According to the lawmakers, “The previous administration’s hostility toward crypto and refusal to provide clear regulatory guidelines has severely stifled stablecoin innovation.”
@ Newshounds News™
Source: CoinTelegraph
~~~~~~~~~
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More News, Rumors and Opinions Thursday Afternoon 2-13-2025
Conversation with Dr. Ron Paul
Gold Telegraph: 2-12-2025
“I think the country would thrive tremendously if we see it in moral terms and don’t have some Federal Reserve being the chief counterfeiter. It’s fraud.” – @RonPaul
Three-time U.S. presidential candidate Dr. Ron Paul joins me for a powerful discussion on the Federal Reserve, fiat money, government waste, and key moments from his career.
A former U.S. Congressman and physician, Paul has been a relentless advocate for limited government, free markets, and sound money.
Conversation with Dr. Ron Paul
Gold Telegraph: 2-12-2025
“I think the country would thrive tremendously if we see it in moral terms and don’t have some Federal Reserve being the chief counterfeiter. It’s fraud.” – @RonPaul
Three-time U.S. presidential candidate Dr. Ron Paul joins me for a powerful discussion on the Federal Reserve, fiat money, government waste, and key moments from his career.
A former U.S. Congressman and physician, Paul has been a relentless advocate for limited government, free markets, and sound money.
Serving Texas for decades, he became one of the loudest critics of the Federal Reserve, pushing for monetary reform, a gold standard, and fiscal responsibility.
In our conversation, Dr. Paul reflects on the growing awareness of monetary policy and government corruption—a fight he’s led for years.
We begin with Elon Musk call for him to investigate the Federal Reserve, a move Dr. Paul doubts will happen but sees as a sign that the debate is shifting.
He emphasizes that the real battle is ideological, as the current monetary system is crumbling under debt, inflation, and authoritarianism.
Dr. Paul revisits his push to audit the Fed and America’s gold reserves, recalling repeated efforts to block transparency.
While he believes the gold is still there, questions remain over ownership and manipulation.
He also highlights the Fed’s secrecy in international finance, warning that the system thrives on deception and interventionism.
We explore many more themes in this fascinating discussion.
Thank you, Dr. Paul, for joining me.
I hope you all enjoy.
TIMESTAMPS:
(0:32) – Will Dr. Paul accept Elon Musk’s endorsement to investigate the Federal Reserve?
(4:17) – Where would Dr. Paul begin if he investigated the Federal Reserve?
(5:34) – Does the United States still have all its gold reserves?
(7:53) – Is the US dollar near a breaking point?
(12:17) – Will the United States finally monetize gold or mark it to market?
(19:06) – Is the military-industrial complex completely unaccountable?
(24:00) – How does it feel seeing decades of warnings now resonate across America?
(25:24) – If @elonmusk personally asks, will Dr. Paul investigate the Federal Reserve?
https://twitter.com/i/status/1889741052665270319
https://dinarchronicles.com/2025/02/13/gold-telegraph-conversation-with-dr-ron-paul/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Parliament has the budget and in the next few days it'll be read. If that's true, all hell is going to break loose in more ways than one...They are about to expose the budget.
Walkingstick [Contractor friend in Iraq update] IRAQI CONTRACTOR: I've been in all the executive branch meetings with the CBI. Right now the CBI is redoing my contract. In fact, they're redoing all contracts in Iraq because there will be a rate change soon. Also the CBI and the GOI speaking. I heard them at this meeting bring...up that the CBI and GOI will now release the articles on the lower notes - the pictures... descriptions for the citizens to see... They used to pay us in American dollars...now all contracts are being paid only in dinars...To me the only important thing is my contact. That comes first. I don't care about their currency. I don't care about what they're doing with the purchasing power...As long as the IQD value they come out with...matches the contract value they gave me in American dollars when they first wrote it to me...that's all I care about...I don't care about buying any stupid dinars. My profit is from investing in Iraq and there are no restrictions. The sky is the limit.
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How Scott Bessent Plans to Get Interest Rates Down
Heresy Financial: 2-13-2025
TIMECODES
00:00 Trump’s Push for Lower Rates
00:30 Why the Fed Can’t Control All Interest Rates
01:20 Historical Debt Cycles Since WWII
02:10 Rates Bottom Out, Inflation Returns
03:16 The Fed’s Dilemma: Inflation vs. Lower Rates
04:04 Inflation’s Impact on Mortgage & Loans
05:14 Shifting Focus to the 10-Year Yield
06:14 How the 10-Year Affects All Lending
07:05 High Yields Soaking Up Capital
08:23 Possible Fed & Treasury Coordination
09:34 Operation Twist or New QE?
10:19 New Money Supply vs. Inflation Risks
10:59 Can the Fed Lower Rates for Everyone?
11:27 Massive Spending Cuts & Tax Cuts Debate
12:37 The $1.1 Trillion Interest Bill
13:17 Deregulation to Lower Prices
14:38 Why True Reform Is Needed
16:12 Closing Thoughts & Investment Tips