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Seeds of Wisdom RV and Economic Updates Sunday Afternoon 2-9-25
Good Afternoon Dinar Recaps,
THE LESSONS LEARNED AT "OPERATION CHOKEPOINT 2.0" CONGRESSIONAL HEARINGS
The new majority party cast the former administration’s bank regulators as bullies operating in the shadows, yet surprising agreements were found.
The deep political divisions in the United States were apparent once again during the recent Congressional hearings on Operation Chokepoint 2.0, the alleged top-down initiative by former US President Joe Biden’s administration to “de-bank” crypto firms.
Good Afternoon Dinar Recaps,
THE LESSONS LEARNED AT "OPERATION CHOKEPOINT 2.0" CONGRESSIONAL HEARINGS
The new majority party cast the former administration’s bank regulators as bullies operating in the shadows, yet surprising agreements were found.
The deep political divisions in the United States were apparent once again during the recent Congressional hearings on Operation Chokepoint 2.0, the alleged top-down initiative by former US President Joe Biden’s administration to “de-bank” crypto firms.
For much of Thursday afternoon (Feb. 6), it seemed that members of the Republican and Democratic parties were inhabiting different universes.
Had Biden administration regulators really pressured US financial institutions to deny bank accounts to cryptocurrency firms in 2023, as Republicans asserted? Or was this whole construct of Chokepoint 2.0 “a fake program,” one never initiated by the Biden administration, as Democratic Representative Al Green stated?
Interestingly, at the end of the two-hour hearing, titled “Operation Choke Point 2.0: The Biden administration’s Efforts to Put Crypto in the Crosshairs,” the two political parties actually seemed to be in agreement on steps to be taken to prevent future regulatory ‘overreach’ — even while arguing about past practices.
For the most part, though, the Republicans cast the former Biden administration’s bank regulators as bullies operating in the shadows.
Bitter back-and-forth at Operation Chokepoint hearing
Paul Grewal, chief legal officer at Coinbase, testified that the US Federal Deposit Insurance Corporation (FDIC) “bludgeoned the banks” with an onslaught of examinations and questions “until the banks relented under the pressure.” Regulators forced banks to deny stablecoin issuers bank accounts for their reserves, for instance.
There was some drama, too, when Republican Rep. Ann Wagner questioned Fred Thiel, CEO of MARA Holdings, a leading Bitcoin mining firm, about events in 2023 when several large US banks failed:
“Mr. Thiel, has your bank ever stated whether their prudential regulators told them that they should refrain from providing services to digital asset firms?”
“We banked with Signature Bank and when the FDIC shut them down [in March 2023] and Flagstar took over the accounts, none of the crypto accounts were allowed to be part of those assets acquired,” answered Thiel, continuing:
“We were forced to immediately seek accounts with other banks. We were able to open an account with another bank, deposited $70 million after going through the approval processes, and six days later, we were told we have to shut down the accounts because our bank no longer will bank crypto companies.”
Wagner: “So the answer is yes.”
Elsewhere, Meuser asserted that the former administration’s regulators “resorted to vague interpretive regulatory letters, threatening banks with negative examination scores and fines if they continue their partnership with digital asset companies.”
Not surprisingly, the minority party resisted these characterizations. Ranking minority party member Green asked if anyone “had read a document from someone in the Biden administration or some regulator saying that there was a Chokepoint 2.0 operation.”
No one raised their hand.
“So this is a made-up statement. Somebody concluded that this was something that sells.”
Democratic Representative Nikema Williams said the matter under discussion, Choke Point 2.0, isn’t a serious issue — unlike, say, the continuing racial wealth gap or “Elon Musk dismantling our federal government.”
Williams questioned why the subcommittee was even meeting to discuss the crypto policy of former president Biden when “he isn’t in power anymore.”
Meuser asked another witness, Austin Campbell, adjunct professor at NYU’s Stern School of Business, for some details on just how “Operation Chokepoint operated in the past” (e.g., Chokepoint 1.0, invented by the Obama administration, supposedly), given he was a former bank risk manager. How exactly did regulators pressure banks into severing ties with legally operating businesses?
Campbell answered that when communicating with regulators, “you are getting fundamentally several layers of guidance,” both written and verbal.
On the verbal level, regulators might say: “Well, we have reputational concerns about you banking crypto clients…. We’re still not sure. Maybe we’ll answer you on that. Maybe we won’t, but we still find it risky.”
“You understand that to mean no,” explained Campbell.
“Rhetorical red meat” or genuine overreach?
Cointelegraph queried several outside sources in the wake of the hearings, including Dru Stevenson, professor of law at South Texas College of Law Houston. Was debanking the crypto industry a serious problem in the US, or is it just something dreamed up by the crypto industry?
“The invocation of ‘Chokepoint’ is pure political theater, rhetorical red meat for the GOP base,” Stevenson answered.
The reality is that all rules and regulations, even the most wholesome and helpful, involve some tradeoffs, such as compliance checks and a little bit of overdeterrence at the margins, which may have happened in the last administration, he said.
Stephen Gannon, a partner at law firm Davis Wright Tremaine, disagreed. The “evidence is now overwhelming” that regulators overreached in the previous administration.
He cited numerous factors, including Senate Banking Committee testimony this past week from Nathan McCauley regarding a Federal Reserve Bank (FRB) internal document brought forward at the hearing by Sen. Lummis. Also, the FDIC “pause” documents recently released and statements from Acting FDIC Chair Travis Hill acknowledging such pressures existed.
In addition, there was the aforesaid testimony before the House Financial Services subcommittee, “particularly that of Fred Thiel,” as well as “my own personal experience with crypto clients who have been de-banked,” continued Gannon. Add to that “information compiled by Marc Andreessen and Nic Carter.”
Steven Kelly, associate director of research at the Yale Program on Financial Stability at the Yale School of Management, highlighted problems associated with reputational risk, a particular concern expressed during the subcommittee hearing. Kelly told Cointelegraph:
“Supervisors’ ability to press banks on their ‘reputation risk’ is a black box authority that can give way to something like an Operation Chokepoint.”
Still, Kelly was doubtful there was any premeditated, secret plan to de-bank the crypto industry. The fact that “the accusation has only been focused on the crypto industry thus far is telling and less suggestive of a chokepoint operation.
There are clearly real prudential concerns with crypto, which were borne out in the collapses of the 2022 crypto winter and the subsequent runs on Silvergate Bank and Signature Bank.”
Both parties find points of agreement
One surprise regarding the hearings: there were actually some points of agreement among the majority and minority members and their witnesses. Campbell, the former bank risk manager, whose testimony was generally well received by the majority party, highlighted some reforms the subcommittee might consider moving forward, and these seemed to meet broad approval:
“A simple one is that all banking guidance should be written. Do not allow verbal guidance. Do not allow hearsay and subjective statements. Write it down.”
“Secondly, that guidance should be made public on some trailing basis. Once you have a paper trail of what the regulators are doing, we will be having many less of these hearings.”
“When banks refuse people services, they should have to tell them why. And those statements should be written complete and transparent.”
“They should abolish management and reputational risk as components of the rating of banks. Those are subjective, rife for abuse, and can be used for really any ends that a banking regulator would like to wedge into an otherwise relatively objective framework.”
It wouldn’t hurt either if bank agency decisions were subject to outside oversight. Added Campbell:
“I’m a professor. I wouldn’t let any of my students grade their own homework. You should not be letting the banking regulators grade their own work here either.”
Shayna Oleszek, director of banking policy at Better Markets, and a witness called by the minority party, agreed with many of Campbell’s recommendations.
Green, too, seemed to be seeking consensus in his closing remarks.
“Wouldn’t everyone agree that we need better crypto guardrails? If you agree, raise your hands.” All the witnesses raised their hands.
@ Newshounds News™
Source: CoinTelegraph
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BRICS: IRAN CALLS FOR A ‘UNIFIED CURRENCY’ TO CHALLENGE THE US DOLLAR
The new BRICS member Iran is calling for a ‘unified currency’ to challenge the US dollar’s global reserve currency status.
The Islamic Republic is pulling several options to dim the prospects of the US dollar’s hegemony. Iran is reeling under sanctions from the US and is desperate to find a viable option to lift its economy. The desperation comes after several countries ended conducting business with Iran that stalled its economy leading to a lackluster GDP.
After China and Russia, Iran is now spearheading the de-dollarization agenda as a way to take on the US dollar. The move could make the US dollar lose out in the supply and demand mechanism in the currency markets. It could lead to hyperinflation if the US fails to make other countries use the dollar for trade.
BRICS: Iran Wants a ‘Unified Currency’ To Pull the US Dollar Down
BRICS member Iran revealed that they are open to the formation of a new ‘unified currency’ as an alternative payment option to the US dollar. The Islamic Republic revealed that if BRICS come to a consensus about the formation, they will wholeheartedly support the initiative.
“If BRICS member countries come to a consensus to use a single and unified currency, we are all for it. We will proceed from national interests,” said the Iranian government’s spokesperson Fatemeh Mohajerani.
However, BRICS might not launch a ‘unified currency’ as Trump would impose 100% tariffs if they ditch the US dollar.
In addition, not every BRICS member has cordial relations with Iran except for China and Russia. This puts the ‘unified currency’ initiative under question as it does not fit their national agendas. The idea could most likely be stalled in the upcoming summit as other countries might not come to a consensus.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
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Don Durrett: Gold's Delivery Dilemma - A Price Hike Catalyst?
Don Durrett: Gold's Delivery Dilemma - A Price Hike Catalyst?
Palisades Gold radio: 2-9-2025
Tom welcomes back Don Durrett, author, investor, and founder of Goldstockdata.com, to discuss the current state of gold, silver, and the broader economic developments.
During their conversation, Don notes that gold reached an all-time high, with spot prices near $2863 and futures above $2900. Silver is trading around $32.26, while the HUI (Hard Rock Miners' Index) stood at 328.
The London Bullion Market Association (LBMA) reported delivery delays of four to eight weeks, indicating potential shortages.
Don Durrett: Gold's Delivery Dilemma - A Price Hike Catalyst?
Palisades Gold radio: 2-9-2025
Tom welcomes back Don Durrett, author, investor, and founder of Goldstockdata.com, to discuss the current state of gold, silver, and the broader economic developments.
During their conversation, Don notes that gold reached an all-time high, with spot prices near $2863 and futures above $2900. Silver is trading around $32.26, while the HUI (Hard Rock Miners' Index) stood at 328.
The London Bullion Market Association (LBMA) reported delivery delays of four to eight weeks, indicating potential shortages. Lease rates have spiked to five percent, a significant increase from the usual one percent or less.
Don suggested this could be due to LBMA supply issues. Don emphasized silver's role as a proxy for gold, particularly during periods of economic uncertainty. He warned of potential shortages in silver, driven by competing demands from investors and industrial fabricators.
This could lead to dramatic price increases if a fear trade begins. Despite strong stock market performance, Don expressed concerns about an impending "rug pull," where the market could crash due to economic factors like inflation, high interest rates, and tariff policies.
He highlighted issues such as consumer discretionary spending constraints, commercial real estate overhangs, and rising bankruptcies in small businesses. The Fed's inability to cut rates due to inflation concerns was discussed, along with potential implications for the economy.
Don speculated that the Fed might resort to quantitative easing (QE) in response to a market crash, though he questioned their ability to manage regional bank crises.
Time Stamp References:
0:00 – Introduction
1:11 - Gold at New Highs
2:58 - LBMA Delivery Issues
10:00 - Thoughts on Silver
16:42 - Institutional Buyers
19:16 - Equity Mkt. Concerns
23:20 - Tariffs China/Europe?
27:17 - Fed & Inflation
33:09 - Tariffs on Bonds?
35:52 - Equity Valuations
37:10 - Banks & Retail
40:02 - Employment & Hires
42:05 - Coming Rug Pull
44:50 - A.I. & Tech
48:00 - Fed's Reactions
51:48 - Cheap Miners?
53:46 - Traders Market
55:24 - Miner Pyramid
59:05 - Royalty Companies?
1:05:36 - Physical First
1:07:34 - Wrap Up
Allowing Gold & Silver as Legal Tender and Prohibiting Debanking (Andrew Sorrell)
Allowing Gold & Silver as Legal Tender and Prohibiting Debanking (Andrew Sorrell)
Eagle forum of Alabama: 2-5-2025
Andrew Sorrell –State auditor of Alabama talks about making gold and silver legal tender and tax free in Alabama
A history of fiat money and a bill to stop “debanking” of businesses because banks don’t like their politics or occupation.
Allowing Gold & Silver as Legal Tender and Prohibiting Debanking (Andrew Sorrell)
Eagle forum of Alabama: 2-5-2025
Andrew Sorrell –State auditor of Alabama talks about making gold and silver legal tender and tax free in Alabama
A history of fiat money and a bill to stop “debanking” of businesses because banks don’t like their politics or occupation.
Seeds of Wisdom RV and Economic Updates Sunday Morning 2-9-25
Good Morning Dinar Recaps,
HOW THE GENIUS ACT WILL LEAD TO CRYPTO-DOLLARS
The pace of regulatory and executive actions pertaining to the cryptoasset and blockchain sectors continues to accelerate, with the first ever U.S. digital asset press conference, the Senate Banking Committee continuing to discuss and roll back debanking initiatives, and SEC Commissioner Hester Peirce’s Crypto Task Force already making progress in establishing guidelines and frameworks for crypto regulation.
With the flurry of headlines and soundbites it would be easy for investors and policy advocates to overlook an important throughline in virtually every policy move under the new Trump administration to date; strengthening and improving the U.S. dollar’s place as the global reserve currency via dollar backed stablecoins.
Good Morning Dinar Recaps,
HOW THE GENIUS ACT WILL LEAD TO CRYPTO-DOLLARS
The pace of regulatory and executive actions pertaining to the cryptoasset and blockchain sectors continues to accelerate, with the first ever U.S. digital asset press conference, the Senate Banking Committee continuing to discuss and roll back debanking initiatives, and SEC Commissioner Hester Peirce’s Crypto Task Force already making progress in establishing guidelines and frameworks for crypto regulation.
With the flurry of headlines and soundbites it would be easy for investors and policy advocates to overlook an important throughline in virtually every policy move under the new Trump administration to date; strengthening and improving the U.S. dollar’s place as the global reserve currency via dollar backed stablecoins.
Senator Bill Hagerty introduced the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, aiming to regulate US dollar-pegged crypto tokens, which according to public comments will focus on creating a safe and pro-growth environment for cryptoassets.
The GENIUS Act builds on previous efforts to integrate stablecoins into the U.S. financial markets and banking system, including the Clarity for Payment Stablecoins Act.
The GENIUS Act details several important aspects of potential forthcoming stablecoin regulation, but will also help accelerate the policy conversation around a crypto-dollar.
The GENIUS Act Increases Specificity To Stablecoins
Some of the much-needed specifics and clarity that the stablecoin sector has been searching for include, but are not limited to, the following.
First, the bill as it is currently written and being discussed defines stablecoins as digital assets pegged to the U.S. dollar, which would seem to undermine efforts for commodity based or algorithmic-based stablecoins.
Second, the bill seems to be advocating federal level regulation for two stablecoins in particular via the $10 billion market capitalization threshold for federal regulation; USDT and USDC.
Since these two stablecoins combined have a market capitalization of nearly $200 billion, obtaining greater regulatory clarity over these two dollar-backed stablecoins is imperative toward greater adoption and utilization by both individuals and institutions.
An additional point of clarity embedded in the bill is the requirement that stablecoin issuers will have to undergo financial audits of reserves on a monthly basis. Seemingly a simple requirement, this addition highlights one of most difficult aspects of stablecoin regulation to date.
Tether and the USDT token have been, and remain, the dominant dollar-backed stablecoin by a large margin but have been beset by (justifiable) questions around the accounting for reserves and other financial reporting practices for years.
The GENIUS Act, by (in essence) specifying these reporting requirements and oversight at the federal level, are setting the groundwork for comprehensive, consistent, and comparable regulation for stablecoins seeking to operate in U.S. markets.
The GENIUS Act Will Lead To Crypto Dollars
One of the most important discussions connected to tokenized assets and especially stablecoins is something that is outside of the crypto; how can the United States take effective action to maintain the reserve currency status of the U.S. dollar?
The dollar has faced challenges to its geo-political dominance in the past, but few instances of these challenges have been combined with the shifting political landscape unfolding at the present.
The European Union, partially due to increasingly strident language by the U.S. related to tariffs and NATO-affiliated defense spending, is looking to expand the use of the euro on a global basis.
China, the second largest economy in the world and definitive rival to the United States, is expanding trade, infrastructure, and use of the yuan on a continuous basis.
Lastly, the BRIC nations are actively seeking to develop and deploy a joint currency, which would seek to serve as an international medium of exchange.
@ Newshounds News™
Source: Forbes
~~~~~~~~~
BRICS: US SIGNALLING RECESSION AS TRUMP TARIFF IMPACT LOOMS
There is no understating of the concern that is taking place within geopolitics this month. As the BRICS and US face-off, the latter is signaling an incoming recession with the potential impact of President Donald Trump’s 100% tariff plan looming large. Indeed, he had already instituted and delayed such import taxes on Mexico and Canada.
Now, the country is set to contend with China on implemented 25% tariffs. All the while, the United States is facing increased economic uncertainty across a host of sectors. Moreover, one key facet of its financial standing is showing evidence that a recession may be incoming.
BRICS Facing Tariffs and US Facing Recession as Geopolitical Tensions Grow
During his campaign for reelection, Donald Trump warned of 100% tariffs on BRICS nations. He justified the action as a way to preserve the US dollar, targeting a collective that has sought to settle trade in their local currencies. Yet he has since expanded that as he prepares to tariff Mexico, Canada, and others.
With the economic policy proving to be his weapon of choice, the United States economy is set to feel the effects. More importantly, as BRICS prepare to face those policies, the US is signaling a recession as those Trump tariff impacts loom large over the nation.
According to data from Global Markets Investors this week, the US job market is flashing recession signals. Specifically, the Bureau of Labor Statistics data shows that the hiring rates as a percentage of total employment dropped in December. Specifically, the figure fell to 3.2%, its second lowest market since the 2020 COVID-19 crisis.
This drop is concerning. It places hiring well below the pre-pandemic 3.8% average that was present from 2015 to 2019. Additionally, it fuels the ongoing concern regarding a labor market that is cooling extensively. For so long, the Federal Reserve had used a thriving labor market to justify its interest rate cuts. Its slowdown could have dire consequences for an economy coping with much more nuanced issues.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
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The “Wait and See” Phase for Gold is Over
The “Wait and See” Phase for Gold is Over
Notes From the Field By James Hickman (Simon Black) February 6, 2025
In the year 1025, the Byzantine Empire stood at the height of its final golden age.
Basil II had just died, leaving behind a vast and wealthy empire stretching from Southern Italy to Armenia. At the heart of its economy was the solidus, a gold coin that had served as the bedrock of Mediterranean trade for centuries. Merchants from Venice to Baghdad had so much confidence in its purity that the solidus became the primary currency for international trade as far away as China.
The “Wait and See” Phase for Gold is Over
Notes From the Field By James Hickman (Simon Black) February 6, 2025
In the year 1025, the Byzantine Empire stood at the height of its final golden age.
Basil II had just died, leaving behind a vast and wealthy empire stretching from Southern Italy to Armenia. At the heart of its economy was the solidus, a gold coin that had served as the bedrock of Mediterranean trade for centuries. Merchants from Venice to Baghdad had so much confidence in its purity that the solidus became the primary currency for international trade as far away as China.
And this ‘reserve currency’ status allowed Byzantium to project economic power far beyond its borders.
But as the empire declined, so did its currency. Successors debased the solidus to cover military costs, mixing in copper and silver until it was barely recognizable.
By the late 11th century, merchants could no longer rely on the Byzantine government to maintain the purity of the solidus... so traders turned to a new, up-and-coming alternative: the Venetian ducat.
This pattern has repeated itself for thousands of years: reserve currencies come and go, and are eventually displaced by another.
Before the solidus, Rome had set the standard with its denarius, but centuries of inflation and political collapse led to its demise.
After Venice, the Spanish real de ocho became the world’s preferred trade currency, thanks to galleons loaded with New World silver. When Spanish power faded, the Dutch guilder took over, only to be replaced by the British pound sterling, which reigned until two world wars left Britain financially exhausted.
Even the US dollar, during its first two and a half decades as the global reserve currency, was based on gold, until in 1971, the dollar was removed from the gold standard.
The whole concept of fiat currency (i.e. paper currency which relies entirely on trust and confidence of the issuing government) holding coveted reserve status is a new phenomenon.
That means trusting the largest debtor in the history of the world, trusting the US financial system, abiding by the US government’s regulations, and dealing with the whims of their central bank—despite its mismanagement, soaring debt, and reckless policies.
So much can go wrong. And at some point in the future—whether years or decades from now—the US dollar will lose its status as the world’s reserve currency.
No currency has ever held that title forever, and it’s naive to assume the dollar will be the exception.
When that moment comes, future historians will look back in astonishment, wondering how it lasted as long as it did. Because a system built entirely on trust can only survive as long as that trust remains.
And for most of this century, the US government has proven time and again that it cannot be trusted.
We explore this topic in depth in today’s podcast, and discuss how and why gold will be the beneficiary of the dollar’s loss.
We also discuss:
The short term “wins” possible by using tariffs as a political tool
The long term damage to the dollar done by threatening allies
What could replace the dollar as the global reserve currency
The benefits of holding physical gold (for individuals and central banks)
Investments that offer exposure to gold’s upside, without paying all time highs for physical bullion
We also mention a gold company that we are profiling this month for subscribers to our investment research newsletter, The 4th Pillar, which focuses on real asset investments.
You can listen to the podcast here.
(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/trends/the-wait-and-see-phase-for-gold-is-over-podcast-152055/
“Tidbits From TNT” Sunday Morning 2-9-2025
TNT:
Tishwash: Al-Sudani: The door is open for Kuwait to enter into development projects
Prime Minister Mohammed Shia Al-Sudani called on the State of Kuwait, today, Sunday, to invest in vital development road projects in Iraq.
This came during his meeting today in Baghdad with the Kuwaiti Ambassador to Iraq, Hassan Mohammed Al-Zaman.
Al-Sudani pointed out, according to a statement issued by his media office, the depth of relations between the two countries, and the importance of consolidating and expanding them at various levels and stages.
TNT:
Tishwash: Al-Sudani: The door is open for Kuwait to enter into development projects
Prime Minister Mohammed Shia Al-Sudani called on the State of Kuwait, today, Sunday, to invest in vital development road projects in Iraq.
This came during his meeting today in Baghdad with the Kuwaiti Ambassador to Iraq, Hassan Mohammed Al-Zaman.
Al-Sudani pointed out, according to a statement issued by his media office, the depth of relations between the two countries, and the importance of consolidating and expanding them at various levels and stages.
During the meeting, the Prime Minister stressed his aspiration to strengthen constructive bilateral cooperation in several fields, pointing to the available opportunities and the availability of an appropriate investment environment for the work of Arab and foreign companies, including Kuwaiti companies.
The statement quoted Al-Sudani as saying that the door is open for the State of Kuwait to enter into development projects and benefit from the announced investment opportunities, which contributes to strengthening economic integration and interconnected interests between the two countries. link
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Tishwash: Iraq Ratings Affirmed At 'B-/B'; Outlook Stable
Overview
Iraq passed an expansionary three-year budget program in 2023, which will likely lead to rising general government debt.
The country has a history of under-spending on budgetary targets but heightened regional tensions alongside parliamentary elections in late 2025 will pressure fiscal finances.
Despite OPEC+ production cuts continuing into at least the first half of 2025, we expect Iraq's sizable oil export volumes will support external surpluses and foreign exchange reserves remaining in excess of $100 billion over 2025-2028.
We therefore affirmed our 'B-/B' ratings on Iraq. The outlook is stable. link
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Tishwash: Al-Sudani: 2024 expenditures from the investment budget amounted to 25 trillion dinars
Prime Minister Mohammed Shia Al-Sudani stressed today, Saturday, the concerted work to transform integrity into a social culture that disavows corruption and besieges it within society.
The Prime Minister's media office stated in a statement that "Prime Minister Mohammed Shia Al-Sudani sponsored the Internal Control Conference organized by the Federal Financial Supervision Bureau under the slogan (Control is the first line of defense in combating corruption and enhancing transparency)."
The Prime Minister stressed, in his speech, that "the conference aims to enhance the work of internal control and consolidate transparency in the performance of duty, in commitment to the first target in the work of the government program, which is represented by combating corruption, which is a basic criterion for the citizen's belief in the system and the political process as a whole," noting "the importance of internal control; as it is the system that corrects the course of the institution's work and guarantees preventing the waste of public money, and it does not mean bureaucracy and obstruction, but rather an honest and transparent path that deals with the law, its spirit and its goals before implementing its instructions."
He pointed out that "what was issued by the supreme religious authority last November proved the government's seriousness in making combating corruption a top priority, and that deviating from this path will affect the performance of the rest of the entitlements in combating unemployment, providing job opportunities, economic reform and services." He explained that "internal oversight is the first line of defense against corruption, to protect the government institution itself, and to purify its work, and the total amount spent on service projects for ministries and governorates during 2024 amounted to 12 trillion dinars," adding that "what was achieved during the past two years gave hope to citizens and confidence in the state and optimism that the country is on the right track."
He explained that "corruption has become like a virus, mutating and adapting itself in light of the measures taken by the oversight bodies, and decisive treatments have been put in place in government work with complete transparency and clarity, and within the framework of the law to combat corruption."
He continued: “We have made the issue of supporting internal oversight and developing its work at the forefront of the procedural links within the anti-corruption methodology, and the levels of internal auditing have been raised to general directorates to ensure full empowerment in their work in combating corruption,” noting that “we have proceeded to find legal legislation in accordance with the Constitutional Article (108) to regulate the work of the directorates and enhance their independence in performing tasks.”
He added: “We supported the recommendations of the first anti-corruption conference, most notably enhancing the work of internal oversight departments with human resources and competencies,” stressing that “periodic evaluation of the performance of those in senior positions is necessary to ensure the effectiveness and performance of government institutions, to prevent corruption.”
He noted that “we have directed to expedite the resolution and completion of reports, complaints and criminal cases, within the legally specified time limits, and we emphasize following up on issues related to public opinion, large amounts of corruption and senior state employees, to impose legal penalties on those convicted,” stressing “the need to emphasize enhancing confidence in accountability and accountability procedures, to ensure achieving general deterrence.”
The Prime Minister stressed, according to the statement, “the concerted effort to transform integrity into a social culture that disavows corruption and besieges it within society,” indicating “his support for all efforts that revealed small details of corruption and led to the recovery of huge sums of public money.” He added, “We have made the recovery of wanted persons and stolen funds a condition and a file in our international relations, and we support the outcomes of your conference and all blessed national efforts to enforce the law and protect Iraqis’ money.” link
************
Mot: Ya Knows - Back in My Day
Mot: . but why does wrong feel so so so RIGHT
News, Rumors and Opinions Sunday AM 2-9-2025
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 9 Feb. 2025
Compiled Sun. 9 Feb. 2025 12:01 am EST by Judy Byington
Global Financial Crisis: (Rumors)
Sat. 8 Feb. 2025 The QFS Reclaims Stolen Wealth! …Final Warning on Telegram
The Quantum Financial System (QFS) just delivered a MASSIVE BLOW to the Cabal! Trillions in stolen silver, (allegedly) hidden in underground bunkers for decades, are being (allegedly)seized by military forces and integrated into the QFS. This is a turning point—HUMANITY’S LIBERATION from financial slavery is happening NOW!
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 9 Feb. 2025
Compiled Sun. 9 Feb. 2025 12:01 am EST by Judy Byington
Global Financial Crisis: (Rumors)
Sat. 8 Feb. 2025 The QFS Reclaims Stolen Wealth! …Final Warning on Telegram
The Quantum Financial System (QFS) just delivered a MASSIVE BLOW to the Cabal! Trillions in stolen silver, (allegedly) hidden in underground bunkers for decades, are being (allegedly)seized by military forces and integrated into the QFS. This is a turning point—HUMANITY’S LIBERATION from financial slavery is happening NOW!
As of February 2025, over $2 TRILLION in silver has been(allegedly) reclaimed! And this is just the beginning! Trillions in Silver Unearthed! Military forces have uncovered secret silver reserves hidden by the elites:
Nevada – A decommissioned Cold War bunker(allegedly) held 3,000 metric tons of silver bars!
Mexico & Guatemala – Stolen from local mines, 4,000 metric tons (allegedly)recovered!
New York – Beneath a major bank, a vault holding 7,500 metric tons of unregistered silver was (allegedly)(allegedly)seized!
Silver: The Heart of the QFS Reset: The QFS is about to explode silver’s true value—expect prices to SKYROCKET to $1,500/oz or MORE! This isn’t just currency—it’s the backbone of the quantum economy, powering Starlink, military-grade encryption, and advanced tech!
Silver-Backed Certificates & Debt Relief Incoming! In January 2025, silver-backed certificates(allegedly) launched within the QFS! Redemption Centers are preparing for a MASSIVE ROLLOUT—citizens will soon be able to exchange fiat for silver-backed wealth! Unlike worthless paper money, each certificate is(allegedly) tied to real silver, guaranteeing security and financial FREEDOM!
The Cabal’s Sabotage EXPOSED! Mysterious refinery fire in Utah—a desperate attempt to destroy evidence! Cyberattacks on Redemption Centers—(allegedly)neutralized by Starlink’s quantum AI! Fire news calling it a “conspiracy theory”—a last-ditch effort to keep YOU blind!
Starlink’s Operation SkyNet: Crushing the Cabal! Military forces just intercepted a smuggling ship in the Pacific (allegedly)loaded with 800 metric tons of stolen silver. THE CabaL IS LOSING CONTROL!
March 2025: Silver Revaluation & NESARA/GESARA Looming! Financial insiders say the public announcement is imminent—the elites are TERRIFIED because their paper money SCAM IS COLLAPSING!
Read full post here: https://dinarchronicles.com/2025/02/09/restored-republic-via-a-gcr-update-as-of-february-9-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
MarkZ [via PDK] I am hearing a lot of fun stuff from Iraq and from groups. Expectations are through the roof right now...I am almost afraid to tell you all how excited I am for the next few days and the next week or two. This roller coaster is bad enough…but I am quite literally bouncing today. I hope and pray we are through by next Saturday
Frank26 [Iraq] has the potential to come out at a ridiculous exchange rate just like Kuwait did 30 years ago when they went through a re-denomination and a revaluation of their currency...about $15. But it only lasted for about a week and it went back down to 3 to 1...IMO it was a window created for the whales and sharks to take advantage of...Iraq has learned from Kuwait mistakes. If you come out at a high rate like that...you destroy everything you worked to create the security and stability of their currency. And it would destroy their economy, GDP, economic reform, monetary reform. Inflation would go up. I don't think we're going to see a ridiculous rate at the onset. But I think we'll see the same rate that is floating in the Middle East which holds the most powerful currencies in the world at 3 to 1 to the dollar.
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Gold Signaling Economic Reset & Banking Failure | Chris Vermeulen
Liberty and Finance: 2-8-2025
Chris Vermeulen forecasts that the rise in gold prices is signaling an impending market reset. He believes that gold is a global barometer, and its increasing value indicates that we are nearing a financial or economic reset, as more people seek to move wealth out of the stock market, real estate, and the banking system.
Vermeulen points out that as gold moves up, it suggests people are preparing for potential market corrections and instability. He emphasizes that physical gold, in particular, is a solid investment right now, as it offers protection against financial system risks.
According to him, this trend of rising gold prices, especially with significant gold transfers to the U.S., is a sign that major global players foresee financial turbulence ahead.
INTERVIEW TIMELINE:
0:00 Intro
1:40 Gold market
4:51 Retail investors vs insiders
9:49 Silver update
12:27 Stock market
16:28 The Technical Traders
Seeds of Wisdom RV and Economic Updates Saturday Afternoon 2-8-25
Good Afternoon Dinar Recaps,
COINBASE TO FACE LAWSUIT OVER UNREGISTERED SECURITIES SALES, JUDGE RULES
Coinbase said the judge’s opinion “narrowed the scope of discovery in this case,” adding, “We look forward to vindicating the remaining claims” in court.
A US federal judge has rejected Coinbase’s argument that it does not meet the definition of a “statutory seller” under federal law, forcing the cryptocurrency exchange to face an investor lawsuit in the state of New York.
Good Afternoon Dinar Recaps,
COINBASE TO FACE LAWSUIT OVER UNREGISTERED SECURITIES SALES, JUDGE RULES
Coinbase said the judge’s opinion “narrowed the scope of discovery in this case,” adding, “We look forward to vindicating the remaining claims” in court.
A US federal judge has rejected Coinbase’s argument that it does not meet the definition of a “statutory seller” under federal law, forcing the cryptocurrency exchange to face an investor lawsuit in the state of New York.
According to a Feb. 7 Reuters report, US District Judge Paul Engelmayer has compelled Coinbase to face plaintiffs’ allegations that it sold securities without registering as a broker-dealer. Specifically, the plaintiffs accused Coinbase of selling 79 cryptocurrencies that were securities without proper registration.
As Cointelegraph reported, the class-action lawsuit was initially dismissed in the District Court of Southern New York in February 2023. However, the Circuit Court of Appeals revived parts of the lawsuit more than one year later.
As Reuters reported, Judge Engelmayer said that “customers on Coinbase transact solely with Coinbase itself,” which suggests that the exchange was a seller.
In a written response to Cointelegraph, a Coinbase spokesperson said:
“Coinbase does not list, offer or sell securities on its exchange. Today’s opinion importantly narrowed the scope of discovery in this case, which is significant. We look forward to vindicating the remaining claims in the district court.”
Ongoing lawsuit with the SEC
Coinbase has been mired in a lawsuit with the US Securities and Exchange Commission since June 2023, when the regulator accused the exchange of operating an unregistered securities platform and failing to register as a broker.
In January, Coinbase asked a US appeals court to rule that cryptocurrency trades are not securities. In the filing, Coinbase argued that trades facilitated on its platform should not be classified as securities trades “but asset sales of digital assets rather than physical ones.”
Coinbase has also sued the SEC and Federal Deposit Insurance Corporation for allegedly attempting to “cut off digital-asset firms from essential banking services.” The exchange also alleged that both agencies failed to comply with Freedom of Information Act requests.
Coinbase plays a major role in the US cryptocurrency market. It’s not only the country’s largest crypto exchange by trading volume but is also the largest custodian for the US spot Bitcoin exchange-traded funds.
@ Newshounds News™
Source: CoinTelegraph
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PETER SCHIFF SLAMS BITCOIN SUPER BOWL AD, SPARKS DEBATE
Peter Schiff criticized a Bitcoin Super Bowl ad, accusing it of false advertising for claiming Bitcoin is backed by energy.
He argued Bitcoin neither stores nor can be redeemed for energy, urging FTC intervention.
In response, Dan Victor, CFA, highlighted that Bitcoin relies on decentralized computing power, which requires energy.
Schiff dismissed this as semantics, asserting Bitcoin resembles fiat currency, backed by faith rather than tangible assets like gold.
This sparked renewed debate over Bitcoin’s intrinsic value, especially as mainstream promotions like Super Bowl ads amplify crypto’s reach.
@ Newshounds News™
Source: Coinpedia
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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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Gold Shortage Coming? Why $82 Billion Left London Ahead of Trump Tariffs
Gold Shortage Coming? Why $82 Billion Left London Ahead of Trump Tariffs
Daniela Cambone: 2-7-2025
A dramatic shift is occurring in the global gold market as a significant amount of bullion, estimated at $82 billion, is being withdrawn from the vaults of the Bank of England and shipped across the Atlantic to New York.
This exodus raises questions about the stability of London as a gold trading hub and highlights growing anxieties surrounding potential trade disruptions.
The primary driver behind this movement appears to be the looming threat of new tariffs on gold imports into the United States. According to veteran gold market analyst Adrian Day
Gold Shortage Coming? Why $82 Billion Left London Ahead of Trump Tariffs
Daniela Cambone: 2-7-2025
A dramatic shift is occurring in the global gold market as a significant amount of bullion, estimated at $82 billion, is being withdrawn from the vaults of the Bank of England and shipped across the Atlantic to New York.
This exodus raises questions about the stability of London as a gold trading hub and highlights growing anxieties surrounding potential trade disruptions.
The primary driver behind this movement appears to be the looming threat of new tariffs on gold imports into the United States. According to veteran gold market analyst Adrian Day, as interviewed by Daniela Cambone on ITM Trading, the fear is that a future Trump Administration could impose hefty tariffs on gold coming from Europe and Britain.
“No one wants to import gold from Europe or Britain… if there’s a 10 or 20 or 30 percent tariff, no one’s going to do that,” Day explained.
Traders are preemptively relocating their gold reserves to the U.S. in anticipation of these potential levies, effectively stockpiling the precious metal within American borders.
This mass migration could temporarily create premiums due to supply and demand imbalances. However, Day emphasizes that this is likely a short-term phenomenon and won’t fundamentally alter the long-term demand or price of gold.
He believes that more significant drivers are at play, including continued central bank buying, robust consumer demand from China, and the potential for a weakening U.S. dollar. These factors, he argues, will continue to underpin gold’s value regardless of short-term tariff-related fluctuations.
While Day believes the tariff-driven gold shift is a noteworthy development, he is far more concerned about the overall health of the U.S. stock market.
He paints a concerning picture, stating that the market is in a “very dangerous situation” with what he describes as “the worst breadth in its history.” This suggests a growing divergence between the performance of a few mega-cap stocks and the overall market, potentially indicating a bubble waiting to burst.
The current gold rush from London to New York, fueled by fears of impending tariffs, underscores the sensitivity of global markets to political uncertainty and potential trade wars.
While the shift may create temporary market distortions, experts like Adrian Day believe that the long-term fundamentals driving gold demand remain strong. However, his warnings about the U.S. stock market’s fragility should serve as a reminder that macroeconomic risks extend beyond the precious metals market.
The coming months will be crucial in determining whether these fears materialize and how the global economy will respond.
News, Rumors and Opinions Saturday 2-8-2025
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. 8 Feb. 2025
Compiled Sat. 8 Feb. 2025 12:01 am EST by Judy Byington
Judy Disclaimer: Please be aware that I can only report the news as I find it, try to credit articles with their original author and am not responsible for the content, which may or may not be true. I encourage you to do your own research and make up your own mind as to what is happening in this great War of Good Against Evil.
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. 8 Feb. 2025
Compiled Sat. 8 Feb. 2025 12:01 am EST by Judy Byington
Judy Disclaimer: Please be aware that I can only report the news as I find it, try to credit articles with their original author and am not responsible for the content, which may or may not be true. I encourage you to do your own research and make up your own mind as to what is happening in this great War of Good Against Evil.
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Global Financial Crisis:
Fri. 7 Feb. 2025 A retired international banker: “All the big banks, including all international Central Banks, are broke because of fractional banking. They lend out fiat money. They manipulate interest rates on their fiat money. If we did what they commonly do, we’d be in jail.”
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Rumors:
Fri. 7 Feb. 2025: BREAKING NEWS! NESARA and GESARA Are Here: The Global Financial Reset is Happening NOW! …The 17th Letter on Telegram
Patriots, the moment we’ve been waiting for is upon us. NESARA and GESARA are no longer just whispers—they’re happening right now. The global elite who’ve enslaved us for centuries are crumbling, and a massive wealth redistribution is imminent. The new world order they tried to impose is falling apart, and a new era of freedom and prosperity is dawning.
The Financial Collapse: Banks Crumble, CEOs Resign: Look around—Silicon Valley Bank collapses, financial markets are in chaos, and top CEOs are resigning by the dozens. This isn’t random; it’s the dismantling of the corrupt financial system.
NESARA is draining the swamp, and the Federal Reserve’s time is up. They’re desperately pushing Central Bank Digital Currencies (CBDCs), but it’s too late.
The NESARA-backed, gold-standard US Treasury system is ready to take over, and the old dollar will soon be history.
New Currency on the Horizon: Rainbow Notes Are Here: Have you seen those strange “special edition” bills? That’s (allegedly) the new Rainbow Currency, quietly being tested across the country. These gold-backed notes are part of NESARA’s plan to wipe out fiat currency and usher in a new era of financial security. The dollar as we know it is about to be replaced—get ready.
Wealth Redistribution: Prosperity for All: The biggest bombshell? The Prosperity Fund. Massive wealth redistribution is coming. Debt forgiveness is already starting, tied directly to the Global Currency Reset and Revaluation (GCR-RV). Soon, every person on this planet will be debt-free, with enough wealth to live freely.
The Revolution Is Here: Prepare Yourself: NESARA and GESARA are transforming the world. The signs are everywhere—bank collapses, CEO resignations, new currencies, and a technological revolution. The global cabal is terrified, but they can’t stop what’s coming. NESARA is inevitable, bringing freedom, peace, and prosperity to every corner of the globe.
Share this message, prepare for change, and step into a world where we, the people, hold the power. The revolution is here—let’s be on the right side of history!
Read full post here: https://dinarchronicles.com/2025/02/08/restored-republic-via-a-gcr-update-as-of-february-8-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Article: "Exceptional efforts made by the ministry in coordination with government agencies to hold a 3rd round of negotiations for Iraq's assassin to the World Trade Organization after 16 years as Iraq submitted files for goods and services and reviewed economic reforms..." I think you guys can get the picture. If the United States thinks the security and stability is going to be good, they're going to be there.
Fnu Lnu [Reference Fnu Lnu 2-6-2025 post below] The Iraqis should be proud of achieving this [international level of cross border training] status as it is the last of the reforms and the last of many. Such a kickstart and renovation of a nation that has been so far behind the rest of the world has never been attempted before. It has been a long arduous challenge and the diligence of many brilliant people will very soon bring forth the moment we have all been awaiting. In my 14 years of being involved in this investment...I have never been so pleasantly enlightened and uplifted about our impending success.
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Shocking TRUTH About U.S. Debt Revealed
George Gammon: 2-7-2025
SILVER ALERT! Silver Has Never Been Closer to BLASTOFF!! Now it's Physical Silver ONLY!!
(Bix Weir) 2-7-2025
This month the COMEX Silver contract will deliver on more physical silver contracts than any previous "Non-Delivery Month" in history! Also, in about 8 days India will announce that a MASSIVE amount of physical silver was imported into India in January 2025. All the signs are there for a Silver BLASTOFF/MOONSHOT!
Seeds of Wisdom RV and Economic Updates Saturday Morning 2-8-25
Good Morning Dinar Recaps,
INDIA OFFICIALLY REJECTS BRICS CURRENCY, CALLS IT ‘IMPOSSIBLE’
India officially confirmed that they do not support the formation of a BRICS currency to challenge the US dollar. The Modi government made it clear that India embraces the US dollar and will use the currency for cross-border transactions.
The country will settle payments in local currencies with other developing nations only when it seems fit. The U-turn comes after Trump spared India from tariffs but imposed them on Canada, Mexico, and China.
Good Morning Dinar Recaps,
INDIA OFFICIALLY REJECTS BRICS CURRENCY, CALLS IT ‘IMPOSSIBLE’
India officially confirmed that they do not support the formation of a BRICS currency to challenge the US dollar. The Modi government made it clear that India embraces the US dollar and will use the currency for cross-border transactions.
The country will settle payments in local currencies with other developing nations only when it seems fit. The U-turn comes after Trump spared India from tariffs but imposed them on Canada, Mexico, and China.
BRICS member China might not take India’s stance lightly as the Communist country wants to launch the new currency. It is working closely with Russia and Iran for the formation of the currency to uproot the US dollar’s global dominance.
BRICS: India Says ‘Cannot Share a Currency With China’
Union Commerce Minister Piyush Goyal confirmed that India does not support any form of BRICS currency. He made it clear that India does not want to share a common currency with China.
For the uninitiated, India and China have been at loggerheads for more than five decades with border disputes and trade wars. Accepting China’s stance would make the Modi government look weaker and hamper its electoral prospects.
“We are on record—We don’t support any BRICS currency. Imagine us having a currency shared with China. We have no plans. It is impossible to think of a BRICS currency,” said India’s Union Commerce Minister Piyush Goyal during a press conference at the IT-BT roundtable 2025 in New Delhi, reported Business Today.
However, the plans to launch a BRICS currency are still alive as China, Russia, and Iran are pursuing the idea. De-dollarization is the first and foremost goal of the trio as they aim to end reliance on the US dollar.
@ Newshounds News™
Source: Watcher Guru
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RIPPLE NEWS: XRP DEPOSITORY RECEIPTS TO BE OFFERED TO ACCREDITED INVESTORS
▪️XRP DRs Launch – Accredited investors can now gain regulated XRP exposure via Depository Receipts, simplifying institutional crypto access.
▪️Secure & Regulated – XRP DRs are held by Anchorage, a federally regulated bank, ensuring safe custody and compliance for institutional investors.
XRP depository receipts (DRs) will soon be available for purchase by accredited investors through Receipts Depositary and DWP Advisors, according to reports from Fox Business Eleanor Terrett. This new financial product offers a regulated way for investors to gain exposure to XRP without purchasing the cryptocurrency directly from exchanges.
The concept of XRP DRs is similar to traditional American Depository Receipts (ADRs), which represent shares of foreign companies listed on U.S. exchanges.
The XRP DRs will represent ownership of the underlying XRP, providing investors an easy way to gain exposure to the asset without the complexities of directly trading it on crypto exchanges.
These DRs offer similar benefits to exchange-traded funds (ETFs), making it easier for institutional investors to access crypto assets.
This launch is considered a major step in bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi), as it makes digital assets more accessible to a broader audience.
Custody and Regulation: Anchorage and the OCC
The XRP DRs will be held by Anchorage, a federally chartered bank regulated by the U.S. Office of the Comptroller of the Currency (OCC).
Anchorage is a trusted institution specializing in secure custody for crypto assets, ensuring that the XRP behind the DRs is safely managed within a regulated framework. This adds a layer of security and confidence for institutional investors looking to enter the crypto space.
Expanding Product Offerings
Receipts Depositary Corporation (RDC), the company behind the XRP-backed securities, has been steadily expanding its product offerings. This expansion offers institutional investors more ways to engage with cryptocurrency in a regulated market environment.
The Advantages of XRP Depository Receipts
Unlike ETFs, where shares are redeemed for cash, XRP DRs provide accredited investors with direct ownership of XRP. This gives investors the opportunity to hold the asset directly while benefiting from a structured and regulated investment vehicle. This difference could appeal to institutions that seek direct ownership of digital assets but require compliance with traditional financial market regulations.
@ Newshounds News™
Source: Coinpedia
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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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How to Buy Gold at Just $1,500 an Ounce
How to Buy Gold at Just $1,500 an Ounce
Notes From the Field By James Hickman (Simon Black) February 5, 2025
In the late 1990s, the Internet was brand new... and sizzling hot. And most people thought it would bring radical change to the world, practically overnight.
This is a common theme with disruptive technology. Enthusiasts often overestimate the impact of new technology in the short run, and underestimate its impact in the long run. Such is the case with AI today.
But the euphoria over the Internet in the 1990s compelled investors to pour money into Internet startups— companies with no profits, no cash flow, and no real business model.
How to Buy Gold at Just $1,500 an Ounce
Notes From the Field By James Hickman (Simon Black) February 5, 2025
In the late 1990s, the Internet was brand new... and sizzling hot. And most people thought it would bring radical change to the world, practically overnight.
This is a common theme with disruptive technology. Enthusiasts often overestimate the impact of new technology in the short run, and underestimate its impact in the long run. Such is the case with AI today.
But the euphoria over the Internet in the 1990s compelled investors to pour money into Internet startups— companies with no profits, no cash flow, and no real business model.
In fact, a joke emerged from this era which perfectly described many of these infamous dot-coms: “We lose money on every sale, but we make up for it in volume.”
But it didn’t matter. Dot-coms were the meme companies of their day. And even the most ridiculous businesses that claimed to have anything to do with the Internet commanded outrageously high valuations.
Meanwhile, actual real businesses that didn’t have anything to do with the Internet, like boring old ExxonMobil, were completely ignored by investors.
Exxon was a great example because oil prices at the time sat at a modest $30 per barrel, and most people simply assumed that oil would stay cheap forever. So Exxon traded at just 11 times earnings, generated over $17 billion per year, and even paid a healthy dividend to the shareholders who had the foresight to own it.
Common sense eventually prevailed, and all of the pie-in-the-sky dot-coms went to money heaven. And the real businesses, like Exxon, survived the hype cycle and prospered.
Today, there are plenty of super sexy businesses which have become incredibly popular with investors. A lot of them are really overvalued.
And just like Exxon back in the late 1990s, nobody is paying attention to other profitable, extremely undervalued, real asset businesses.
Personally I think oil could get a lot more expensive from here. And there are some really undervalued oil companies to consider, just like there were in the 90s.
But the really obvious example I want to talk about today is gold.
Gold is still hovering near its all time high. And as we’ve discussed many times before, there are a number of catalysts which could drive the price much higher from here.
There has already been a coordinated effort by several countries to de-dollarize.
BRICS— Brazil, Russia, India, China, and South Africa— hold conferences explicitly discussing how to move away from the US dollar. And both the amount of global trade in dollars, as well as the share of American dollars held as reserves by central banks, has been steadily declining.
Central banks and foreign governments own trillions worth of US dollar reserves. And the reason the gold price reached this all time high, is because those foreign governments and central banks traded a tiny percentage of their dollars for gold.
That additional demand was enough to send the gold price soaring to almost $3,000.
So if this anti-dollar trend continues—or even accelerates— we could see $5,000 or even $10,000 plus gold.
These foreign governments and central banks, however, only buy physical gold. They do not buy shares in gold companies.
So while the gold price is near its all time high, gold companies are trading at ridiculously low levels.
Here’s a great example.
The company that we’re profiling in the upcoming edition of our investment research newsletter, The 4th Pillar, is one such undervalued gold business.
It’s a mining company with outstanding properties and a fantastic long term earnings horizon. It operates in an absolutely tier-one jurisdiction with minimal geopolitical risk— i.e. not the Congo or Nicaragua.
Its balance sheet is pristine with no debt. Yet they have a very strong cash position.
Due to their operating efficiencies, their production cost is quite reasonable at around $1,500 for every ounce of gold that they mine.
Yet the market is valuing them at a low, single digit multiple.
I would encourage you to check out our research to find out more.
I think it’s well worth the price of a subscription— especially because right now we’re having a limited time promotion on The 4th Pillar.
The full report on this particular gold company will be sent to 4th Pillar subscribers over the next few days.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
https://www.schiffsovereign.com/trends/how-to-buy-gold-at-just-1500-an-ounce-152049/
“Tidbits From TNT” Saturday Morning 2-8-2025
TNT:
Tishwash: Will Iraq succeed in transforming into a digital economy?
In a move that could change the features of the Iraqi economic landscape, the Central Bank of Iraq announced that the government is working to develop regulatory frameworks to support the transition to a digital economy, with a special focus on electronic payment.
However, questions are being raised about the readiness of the infrastructure for this transformation, especially in light of the challenges related to financial corruption, weak electronic services, and the reliance of most sectors on cash transactions.
TNT:
Tishwash: Will Iraq succeed in transforming into a digital economy?
In a move that could change the features of the Iraqi economic landscape, the Central Bank of Iraq announced that the government is working to develop regulatory frameworks to support the transition to a digital economy, with a special focus on electronic payment.
However, questions are being raised about the readiness of the infrastructure for this transformation, especially in light of the challenges related to financial corruption, weak electronic services, and the reliance of most sectors on cash transactions.
While official bodies stress the importance of moving to the digital economy to stimulate growth, citizens and merchants fear the imposition of ill-considered payment mechanisms that may hinder their interests, especially in light of the lack of trust in local banking systems.
Will the government succeed in convincing Iraqis to abandon cash in favor of electronic payment? Or will this initiative face failure as happened with previous projects? link
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Tishwash: Iranian currency plunges to record low after fresh US move
It remains unclear how funding for Iranian activists and opposition figures would be affected by the USAID decision
TEHRAN: Iran’s currency plunged on Wednesday to a record low of 850,000 rials to $1 after US President Donald Trump ordered a restart to the “maximum pressure” campaign targeting Tehran.
Trump’s order calls for halting Iran’s oil exports and pursuing a “snapback” of UN sanctions on Iran. However, he also suggested he didn’t want to impose those sanctions and wanted to reach a deal with Iran.
The move comes as Trump’s moves to freeze spending on foreign aid and overhaul, or even end, the US Agency for International Development have been lauded in Iranian state media.
Meanwhile, ordinary Iranians worry what all this could mean for them.
“It encourages hard-liners inside Iran to continue repressions because they feel the US would have less capability in supporting Iranian people who seek freedom,” said Maryam Faraji, a 27-year-old waitress in a coffee shop in northern Tehran.
Iranian media say Trump’s cuts could stop the opposition in Iran
The state-run IRNA news agency said that “cutting the budget of foreign-based opposition” could “affect the sphere of relations” between Tehran and Washington.
Newspapers, like the conservative Hamshhari daily, described Iran’s opposition as “counterrevolutionaries” who had been “celebrating” Trump’s election as heralding the “last days of life of the Islamic Republic.”
They then “suddenly faced the surprise of cut funding from their employer,” the newspaper crowed.
Even the reformist newspaper Hammihan compared it to a “cold shower” for opponents of Iran’s theocracy abroad, an idea also expressed by the Foreign Ministry.
“Those financial resources are not charity donations,” Esmail Bagahei, Iran’s Foreign Ministry spokesman, said during a briefing with reporters. “They are wages paid in exchange for services.”
It remains unclear how funding for Iranian activists and opposition figures would be affected by the USAID decision.
The lion’s share of money for civil society in Iran has come through the US State Department’s Near East Regional Democracy fund, known by the acronym NERD, which grew as an American response to the Green Movement protests in 2009.0 link
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Beth n Greenville: Here is the video that goes along with the discussion in Open Mic this afternoon.
Services You Get As You Get Richer
Mot: ... Just Saying
Mot.... Splains alot!! -- HUH!!!