‘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.

 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

https://www.youtube.com/watch?v=RwRRqkzN4uE

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.

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.

https://youtu.be/PAucB198T_Q

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.

“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

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Thank you Dinar Recaps

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

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.

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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.

https://www.youtube.com/watch?v=IxHlkE_2hTs

“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.

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

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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

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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.

“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.

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

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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

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

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Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

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.

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/

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

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.

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

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

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

Seeds of Wisdom RV and Economic Updates Thursday Morning 2-13-25

Good Morning Dinar Recaps,

FED GOVERNOR: BANKS AND NON-BANKS SHOULD BE ABLE TO ISSUE STABLECOINS

Fed Governor Christopher Waller believes there should be a framework that allows banks and non-banks to issue regulated stablecoins.

According to a recent Bloomberg report, Waller stated that stablecoins have the potential to expand the reach of the U.S. dollar on an international scale. However, the scale and utility of stablecoins will depend on a clear set of regulations.

In a conference in San Francisco, Waller said the stablecoin market requires a regulatory framework that encompasses stablecoin risks “directly, fully, and narrowly” before financial institutions will be able to issue them.

“This framework should allow both non-banks and banks to issue regulated stablecoins and should consider the effects of regulation on the payments landscape,” said Waller.

Stablecoins are digital currencies known for their steady value because they are typically pegged to fiat currencies, most commonly the U.S. dollar or Treasury bills. Two of the largest stablecoins by market cap, USDT and USDC, are both pegged to the U.S. dollar.

Waller’s remarks echo those of Federal Reserve Chairman Jerome Powell in February last year. Powell expressed wholehearted support for the creation of a stablecoin framework in a meeting with the House Financial Services Committee, reiterating the Fed’s commitment to developing stablecoins and Central Bank Digital Currencies in the U.S. (However, Powell agreed there would not be a CBDC in the US during  a Congressional hearing this week)

More recently, Rep. Maxine Waters, the ranking Democrat on the House Financial Services Committee, introduced a proposal for stabelcoin oversight involving the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve.

Earlier this month, Republican Chair of the House Financial Services Committee, French Hill, had submitted a draft bill for stablecoin regulation, co-sponsored by Rep. Bryan Steil. In contrast to Water’s proposal, Hill’s bill grants stablecoin oversight to the OCC instead of the Federal Reserve.

This means that both Republican and Democratic lawmakers have introduced stablecoin regulations under the Trump administration.

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

TEXAS LAWMAKERS REFILE BITCOIN RESERVE BILL, ADDING ROOM FOR MORE CRYPTO

The bill “would make our state the first to establish a Strategic Bitcoin Reserve and drive innovation, growth, and financial freedom,” said Senator Schwertner.

Texas lawmakers have refiled a strategic Bitcoin reserve bill under a slightly different name, opening the door to investments in other qualifying cryptocurrencies.

“SB 21 would make our state the first to establish a Strategic Bitcoin Reserve and drive innovation, growth, and financial freedom,” said Texas state Senator Charles Schwertner on Feb. 12.

He also thanked Lieutenant Governor Dan Patrick for designating his bill to establish the Texas Strategic Bitcoin Reserve “as one of the Senate’s top 40 priority bills.”

“I’ve been told by the Lt. Governor’s office multiple times that this bill is a major priority,” said Satoshi Action Fund founder Dennis Porter in a post on X.

SB 21 differs slightly from SB 778, a similar strategic Bitcoin reserve bill that the Republican politician announced in mid-January.

The earlier legislation only permits the state to buy and hold BTC as a strategic asset and prevents its use for other state operations unless explicitly authorized.

Schwertner refiled the legislation “for the purpose of investing in cryptocurrency and the investment authority of the comptroller of public accounts over the reserve and certain other state funds” on Feb. 12.

The bill establishes the reserve as an investment vehicle, allowing the state to actively buy, sell, and manage crypto assets for financial security and economic resilience.

It also permits investments in other digital assets but stipulates that they must have had a market capitalization of at least $500 billion for the past twelve months. Currently, only Bitcoin falls into this category.

SB 21 also gives more control to financial experts, while SB 778 places control in the hands of state legislators and has stricter security, oversight, and funding rules.

Riot Platforms vice president of research, Pierre Rochard, commented that the new legislative text for the Texas SBR “is very bullish,” before adding “It removes the annual buying limit of $500 million, the legislature can appropriate as much as it wants to save BTC.”

There are currently 19 US states with a bill proposed, while Arizona and Utah have advanced legislation beyond the House committee level.

The most recent state to propose a crypto bill was North Carolina, which filed for legislation this week to allow the state to invest in Bitcoin exchange-traded products. North Dakota, meanwhile, has rejected legislation regarding crypto investments.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Newshound's News Telegram Room Link

Q & A Classroom Link  

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Seeds of Wisdom Team™ Website

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Thank you Dinar Recaps

News, Rumors and Opinions Thursday AM 2-13-2025

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 Thurs. 13 Feb. 2025

Compiled Thurs. 13 Feb. 2025 12:01 am EST by Judy Byington

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 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.

~~~~~~~~~~~~

What We Think We Know as of Wed. 12 Feb. 2025:

Wed. 12 Feb. 2025 A Call To Close The Federal Reserve: Elon Musk has thrown his support behind Ron Paul leading a full-scale audit of the Federal Reserve. G. Edward Griffin, author of the legendary The Creature From Jekyll Island, outlines seven compelling reasons why the Federal Reserve should be abolished.

~~~~~~~~~~~

The Real News for Wed. 12 Feb. 2025:

Wed. 12 Feb. 2025 Federal Audits Elon, Musk: “The amount of Social Security fraud could run well over $100 billion yearly. That’s JUST the Social Security fraud. They deliberately created a system that does not look for duplicate SSN’s. A system that also doles out well over $100 billion/year to people who have no SS number whatsoever.”

Wed. 12 Feb. 2025: Biden Admin passed that the Federal Reserve Banks are exempt from taxation: “Bet you didn’t know this: 12 USC 531 exemption from taxation under uscodehouse. gov. In effect, October 1st, 2023. Exempt from taxation, Federal Reserve Banks, including the capital stock and surplus therein, and the income derived, there from shall be exempt from federal, state, and local taxation. …The Debt Clock on Telegram

~~~~~~~~~~

Wed. 12 Feb. 2025: BQQM!!! BREAKING: $1.05 Trillion Market Meltdown – Black Swan Event – National Security Alert! …JFK Awakening Q17 on Telegram

Financial Carnage: The $1.05 Trillion Market Bloodbath: As America prepared for disaster, the stock market plunged into absolute chaos. In a matter of hours, over $1.05 trillion in market value was wiped out, triggering one of the most severe financial meltdowns in history. This wasn’t just a market dip—this was a total collapse, a financial bloodbath. Investors raced to dump their assets, desperately trying to escape the crash before it got worse.

The Dow, Nasdaq, and S&P 500 plummeted, with even the biggest companies seeing their stocks nosedive. This was bigger than 2008. The speed and scale of the losses were staggering, leaving everyone from Wall Street traders to everyday Americans wondering just how deep this economic disaster would go. And the truth? This is just the first wave. The worst may still be on the horizon.

The Elite’s Escape: A Strategic Stock Dump Before the Crash: The elites knew this was coming, and they acted fast. Just days before the meltdown, a quiet but massive sell-off began. The wealthiest and most powerful figures in finance dumped their stocks at an alarming rate, knowing the collapse was imminent. Warren Buffett, the Oracle of Omaha, led the charge, selling $6.2 billion worth of Bank of America stock and nearly 390 million shares of Apple. He knew—and he wasn’t alone.

Across the financial world, hedge fund titans and corporate insiders joined the exodus, selling off their assets in a desperate bid to escape the crash. This was no coincidence. They saw the writing on the wall, and they made their move, leaving everyone else to pick up the pieces. The elites protected their fortunes while the rest of us are left to weather the storm.

Read full post here:  https://dinarchronicles.com/2025/02/13/restored-republic-via-a-gcr-update-as-of-february-13-2025/

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

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

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:  Sammy went up the ladder to talk to some of his friends and asked him what's going on?  Why the delay?  He told Sammy that during those cross border training sessions Iraq discovered several issues with our banking system that could not handle this volume.   That's why we see so much talk lately about banking reforms...Mr Sammy feels everything has been corrected.

Militia Man  Article quote:  "The Federal Court occupies a solid constitutional position that grants its supremacy in its decisions over the judicial bodies...and paves the way for implementing legislation in accordance with applicable constitutional frameworks."  I'm smiling large... everybody should be smiling...Iraq's ready to join the international financial system...The rejection of the appeals is the star of the show...It says, "The Federal Court settles the controversy and binds everyone to those decisions."  If this isn't the door opening for Iraq to the world I don't know what is...The shackles are off and Iraq has nothing stopping her at this stage...I think it's going to resonate throughout the world.

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

Insiders are Preparing for MULTIPLE US States to Announce a GOLD Standard SOON

CapitalCosm:  2-12-2025

https://www.youtube.com/watch?v=yzmw2quijjs

Experts Are Warning of a Potential Financial Collapse (Are They Right?)

George Gammon:  2-12-2025

https://www.youtube.com/watch?v=Cwb2x73dmGs

“Tidbits From TNT” Thursday Morning 2-13-2025

TNT:

Tishwash: Investments 2025: Economic renaissance under the umbrella of the general budget

Mazhar Muhammad Salih, financial and economic advisor to Prime Minister Muhammad Shia al-Sudani, confirmed today, Thursday, that investment projects for the year 2025 are an integral part of the investment section in the Federal General Budget Law.

He added in his statement to {Euphrates News} that "the three-year general budget was enacted to give the development policy sufficient flexibility in implementing investment projects without interruption, according to a flexible and rational vision that takes into account the indicators of the National Development Plan 2024-2028, and according to the available financing capabilities drawn up in the plan and the general budget together."  link

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

Tishwash:  Launching the implementation of the {Fursan} residential city.. and Al-Sudani: Iraq is facing a new industrial renaissance

Prime Minister Mohammed Shia Al-Sudani launched, today, Wednesday, the executive works for the development project of the Al-Fursan residential city in the Al-Nahrawan area in Baghdad, on an area of ​​approximately (24,197) dunums, which includes the allocation of serviced residential lands distributed to members of the Ministry of Defense.

Al-Sudani handed over land ownership deeds to a number of families of martyrs from the armed forces.

Al-Sudani appreciated the efforts of the Ministry of Defense and other ministries supporting the launch of this project, stressing the work to provide serviced residential plots in the rest of the governorates, and directing the generalization of this experience to members of the rest of the other security agencies, indicating that the Knights City project will be implemented by the real estate developer and planned and implemented by the Ministry of Defense, with the support of the Ministry of Construction, Housing, Municipalities and Public Works, with the developer company obligated to implement with full specifications, and construct part of the basic services such as schools, health centers and service departments. 

He explained that the project is one of the government's paths to address the housing crisis, and a model in the governorates to include all members, officers and leaders of the Ministry of Defense, stressing that the government left the issue of distributing residential lands without infrastructure services, or designs that are appropriate for modern cities and various requirements.

Al-Sudani referred to the residential cities that will be implemented for the members of the armed forces, including the Al-Ghazlani City project in Mosul, and another city in Basra, in addition to laying the foundation stone for the 6th of November City in Taji, to cover the needs of housing units for citizens and members of the security services.

The following are the most important points made by the Prime Minister:

- The Ministry of Defense personnel defended the greater homeland, and we must provide them with a small homeland represented by a residential plot of land and decent services. 

We have a new city, “City of Roses,” at the level of a new governorate. It was referred to the investor, and we completed the contracts and its design, and implementation began.

- More than 110,000 housing units will be completed in “City of Roses”, which is 3 km away from the “City of Knights” residential project.

There is a 17 km road under construction, linking central Baghdad to the new residential cities and reaching the city of roses.

- Within the Baghdad Metro plan, new residential cities have been linked, and we are in the process of negotiating with international companies to implement this vital project.

The government has taken into consideration the advance planning for the next 30 years regarding the provision of services, means of transportation and a road network.

I renew the call to the private sector and businessmen to proceed with the implementation of housing projects and real estate development in Baghdad and the governorates, and the government will provide all facilities.

We call on the private sector to establish construction materials factories in light of the great urban renaissance in the country, as what is available does not cover the actual need.

The number of housing units in projects signed by the government has exceeded one million units.

The sovereign guarantees provided to the private sector confirm that Iraq is facing a new industrial renaissance for the emergence of national factories that cover the needs of the market.

The government is obligated to provide basic services such as sewage networks, drinking water, electricity, communications, and roads. link

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Russia: We were about to complete important energy projects in Iraq, but the events of 2004 led to their suspension

Elbrus Kotrashev, the Russian Federation's ambassador to Iraq, confirmed that the decision to evacuate hundreds of Russian experts from Iraq in 2004 came after Russian teams working in the country were directly exposed to terrorist attacks.

During his interview on the "Qasary Al-Qawl" program with Salam Musafir on RT Arabic, on the occasion of "Diplomats' Day," he explained that "these attacks resulted in the martyrdom and injury of a number of experts, including Iraqis, which prompted the Russian authorities to take the decision to evacuate to protect the lives of its citizens."

"Russian companies were about to complete important projects in Iraq that began before 2003, especially in the energy sector, but the painful security events that occurred in 2004 led to the suspension of these projects and the evacuation of more than 900 Russian experts," Kotrashev added.

He continued: "After that, there was a long interruption in cooperation due to the turbulent security situation, but we want to continue the work and complete it successfully, especially since we are witnessing the suffering of the Iraqi people due to the scarcity of electricity."

Despite these challenges, the Russian ambassador stressed that relations between Baghdad and Moscow, which date back 80 years, are still strong and distinctive at all levels, describing them as going through their most beautiful stages in terms of the level and strength of cooperation. He pointed out that cooperation between the two countries covers multiple fields, including energy, education and culture.

Regarding cultural exchange, Kotrashev expressed Moscow's desire to open a Russian cultural center in Iraq, as it was during the Soviet era, explaining that the delay in this step is due to logistical reasons, not political or economic. He also spoke about educational cooperation between the two countries, noting that the number of Iraqi students in Russian universities ranges between 2,500 and 4,000 students.

Regarding cooperation in the energy sector, the ambassador pointed out that Russian investments in the Iraqi oil and gas sector amount to about $20 billion, and may be more. He stressed that Russia leads oil investments in Iraq, surpassing the United States and China, expressing his optimism about the possibility of expanding these investments in the future.

Regarding the possibility of a visit by a senior Russian official or President Putin to Iraq, Kotrashev said: “I hope the visit will be great, and I expect a warm welcome from the Iraqi government and people, but I do not know if it will happen soon because the president is busy with domestic and international issues.” link

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

Mot: . and then theres This!!!! – LOL 

MotL Ya Need a Heart!!!!  Animated heart

Seeds of Wisdom RV and Economic Updates Wednesday Evening 2-12-25

Good Evening Dinar Recaps,

CONGRESS EXPLORES SHORTCUTS FOR DIGITAL ASSET REGULATORY CLARITY, INCLUDING MARKET STRUCTURE

Yesterday the House Financial Services digital asset subcommittee held a hearing on charting a path forward on digital assets. There’s a consensus that stablecoin legislation is urgent, with multiple Bills circulating.

However, there’s also a need for legislation around market infrastructure, including regulating crypto exchanges. Last year the House passed the FIT 21 Bill, but there was less progress in the Senate. One of the topics discussed during the hearing was whether the SEC could provide a solution in the interim.

A takeaway from the hearing is a lightweight alternative to a full crypto infrastructure Bill such as FIT 21. For now legislation may only be needed to make the CFTC the regulator of spot crypto commodity markets. The steps might involve:

1. Delegating authority to regulate spot crypto to the CFTC via legislation
2. Creating a self regulatory organization (SRO) jointly overseen by the CFTC and SEC which would set rules for crypto exchanges and the like
3. The SEC clarifies rules on when a digital asset is a security or not
4. The SEC creates some new exemption(s) for digital asset issuers
5. And all the other items on the list recently proposed by SEC Commissioner Peirce.

Even if that’s not the long term solution, it might be the fastest interim one.

Regulatory exemptions

Congressman Hill asked Coy Garrison about the various SEC exemptions currently used for issuing digital assets. Mr Garrison previously served as counsel to SEC Commissioner Hester Peirce. 

The lawyer explained that many issuers use Regulation S, which restricts the asset to offshore investors. Those willing to target US investors often use Regulation D, which means assets are only available to wealthy investors.

“What I think the ecosystem has to understand is that not all these needed activities can be taken care of by the Commission by itself without Congress,” said Congressman Hill. And he asked what sort of exemption system the SEC could add without Congress.

Mr Garrison suggested something similar to Commissioner Peirce’s Safe Harbor provisions, which would allow access to retail investors.

Last week Commissioner Peirce mentioned reviewing Regulation A and crowdfunding rules.

Additionally, Mr Garrison noted that disclosure requirements could be tailored, as token holders have different interests compared to shareholders who need financial statements, which he clarified in his written testimony. He noted that many provisions from other exemptions could be used, including limits on the number of investors and the proportion of a person’s net worth that can be invested.

Another witness, former CFTC Chair Timothy Massad, is keen for the SEC to take a first pass, rather than Congress. He highlighted that the SEC only needs the three votes of its Republican Commissioners, compared to 60 Senate votes.

“I have confidence that they (the SEC) can come up with some interesting ideas, but this is a very difficult issue to address. And I’m worried that if Congress tries to do it, we’ll undermine our Securities markets,” said Mr Massad. He was responding to questions from Congressman Haridopolos, who observed that the challenge with leaving it all to the regulators is that administrations change.

A crypto Self Regulatory Organization?

Congressman Hill, who previously chaired this subcommittee and now chairs the main House Financial Services Committee, asked Mr Garrison about self regulatory organizations (SROs).

“You’ve advocated for a joint SRO to oversee digital assets as a convenient way to sort of sidestep these questions. Do you still advocate for that?,” he asked.

Mr Garrison requested clarification about whether the SRO would be jointly overseen by the SEC and CFTC, which Congressman Hill confirmed.

“Yes, I think that could potentially work great,” Mr Garrison responded. “Any type of communication between the two agencies and coordination on regulations would make sense.”

Clarifying how regulated entities can interact with digital assets

Congressman Stutzman asked which topics should be the highest priority for the SEC. Mr Garrison responded that clarifying the status of digital assets under the securities laws and scoping out which activities fall outside the scope of securities laws are the most important, as everything else flows from that.

He continued, “Providing guidance on how regulated intermediaries by the SEC can touch digital assets. Now that would apply both in the context of digital assets that are not securities as well as digital assets that are securities like a tokenized stock. Providing a clear pathway for broker dealers, investment advisers, clearing agencies, transfer agents to be able to engage will really allow the ecosystem to flourish.”

It must be emphasized that this light legislation approach was only touched upon briefly, and not everybody agreed. One of the witnesses was Jonathan Jachym, Deputy General Counsel at the Kraken Digital Asset Exchange, one of the largest in the United States.

“These things are not mutually exclusive,” he said. “I know there’s been discussion of let’s wait, let’s move stablecoins first. Let’s wait on market structure. We cannot wait any further. And Congress doesn’t need to move a market structure Bill that solves every single problem in the ecosystem.

We are talking about the most basic, foundational rules of regulating centralized exchanges. And these two agencies can continue to work in tandem while Congress advances the Bill in this cycle.”

@ Newshounds News™

Source:  Ledger Insights

~~~~~~~~~

BRICS: IS DONALD TRUMP’S PLAN TO SAVE THE US DOLLAR WORKING?

The last several weeks have seen geopolitical tensions reach a fever pitch. With the global south and the US facing off, a trade war is seemingly brewing between both sides. Yet, after his confrontation with the BRICS alliance, is US President Donald Trump’s plan to save the US dollar working?

Trump had expressed his desire to confront nations seeking to abandon the US dollar after his election win late last year. Indeed, he has adopted an aggressive economic policy that is looking to dissuade attempts at lessening international reliance on the greenback. Two months into his White House return, are those efforts working?

Is Donald Trump’s BRICS Attack Helping Preserve the US Dollar?

On the campaign trail last year, Donald Trump said the US dollar losing its status as the world’s currency would be akin to the nation losing a war. That has spurred the returning president to action. Specifically, he has targeted the BRICS bloc, which has been outspoken in its de-dollarization initiatives.

For the last two years, the group has sought to lessen international reliance on the US dollar. Led by Russia and China, it sought to increase the use of local currencies and went more or less unchecked. The efforts were minimal in scope, and the Biden administration acted through its inaction, perceiving the situation as non threatening.

That has not been the case with the returning administration. Indeed, with BRICS looking to slow those very local currency efforts, is Donald Trump’s plan to save the US dollar working? To this point, it has certainly benefited the greenback.

Prior to Tuesday, the US dollar had been gaining for three straight days. Just last week, the US Dollar index enjoyed its biggest daily rise in nearly a month, according to Reuters. Moreover, the imposition of Trump’s tariff threats has seen a host of nations speak out against the BRICS perceived de-dollarization.

India and Indonesia have both been adamant about the group’s purpose. They state that the alliance is only seeking to benefit involved nations economically and has no interest in targeting the dollar. Alternatively, Russia has publicly nixed plans for a BRICS currency, something Trump required when he threatened tariffs originally.

However, the merits of his economic policy are concerning when considering the merits of de-dollarization. The US dollar had been losing strength but was not threatened. Therefore, his plan to save it may have been enacted under pretenses that were misguided.

@ Newshounds News™

Source:  Watcher Guru

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Why Momentum Says this Market is in Trouble

Why Momentum Says this Market is in Trouble

Wealthion:  2-11-2025

In a recent episode of Wealthion hosted by James Connor, financial expert Michael Oliver, the founder of Momentum Structural Analysis, provided an insightful analysis of the current state of the markets.

With momentum models indicating troubling signs that could predict significant downturns, investors might be overlooking critical data that precedes major price movements.

Oliver’s approach is distinct from traditional price chart analysis. While most investors focus on price trends and historical data, Oliver emphasizes the importance of momentum signals—factors that can indicate structural weaknesses in a market before they manifest in price changes.

This early warning system looks at various components within the market dynamics that often shift before prices react, making it a valuable tool for proactive investors.

One of the most alarming insights shared by Oliver is the similarity of current market patterns to those observed before past bear markets. He highlighted the behaviors of key indices such as the NASDAQ and S&P 500, which are currently showing signs that could foreshadow a significant downturn. Are we on the brink of a bear market that could see declines of 50% or more?

The interview delved into factors contributing to this potential bear market, prompting the question: Are the bubble markets poised to collapse? With the tech-heavy NASDAQ and other previously hot global markets displaying early indicators of weakness, Oliver raises the alarm that a correction is impending—one that could catch many investors off guard due to their reliance on price data alone.

The term “Everything Bubble” was pivotal in the conversation, with Oliver challenging the notion that current market conditions can sustain themselves indefinitely. As asset prices across a variety of sectors bubbles up, there’s an increasing risk that they could deflate simultaneously.

 Oliver advises investors to be hyper-aware of these market dynamics because the consequences of a widespread correction can be severe and widespread.

In contrast to traditional equities, Oliver asserted that commodities, especially gold and silver, could be on the verge of a major breakout. With their historical performance often inversely correlated with stock market performance during downturns, he advocates that now might be the time to reassess asset allocations. As inflationary pressures continue to rise, the defensive properties of precious metals become notably appealing.

Finally, the discussion touched on the Federal Reserve and its influence on the market. As the central bank navigates interest rates and monetary policy adjustments, Oliver raised critical questions about the Fed’s future moves—specifically, how these could inadvertently backfire and exacerbate market instability.

With continuous shifts in monetary policy, there’s a pressing need for vigilance among investors, as the Fed’s actions could trigger a domino effect that rattles the entire economic landscape.

The conversation with Michael Oliver serves as a critical reminder for investors to pay close attention to momentum signals rather than solely focusing on traditional price charts.

The insights provided about current market dynamics—the potential for a bear market, the implications of the Everything Bubble, and the shifting roles of precious metals—present a compelling case for a more cautious approach to investment strategy.

As the markets evolve, those who remain vigilant will be better positioned to navigate the uncertainties that lie ahead.

https://youtu.be/9DY4yVCRpBs