Is The US Govt Scrambling To Buy Gold? | Michael Pento

Is The US Govt Scrambling To Buy Gold? | Michael Pento

Liberty and Finance:  2-18-2025

In this interview, Michael Pento offers a compelling theory about the U.S. gold reserves, suggesting that the official 261 million ounces of gold reported by the Treasury may not truly be there.

He speculates that the U.S. government could be scrambling to buy gold to replace what has been loaned out or never existed, potentially in preparation for an audit.

The price of gold has been defying expectations. Despite headwinds from high interest rates and a strong dollar – factors that typically depress the price of the precious metal – it continues its upward march. Is inflation the only driver? According to market expert Michael Pento, the answer might be more complex, and even a little unsettling.

In a recent interview on Liberty and Finance, Pento floated a provocative theory: the U.S. gold reserves, officially reported by the Treasury at 261 million ounces, may not be what they seem. He suggests that the government could be secretly scrambling to acquire gold, not necessarily for standard economic purposes, but potentially to replenish reserves that have been loaned out or, more dramatically, never existed in the first place.

Pento’s speculation centers around the possibility of an impending audit of the U.S. gold reserves. While the government routinely claims to hold a vast quantity of gold, independent verification is rare. His theory posits that if a rigorous audit were to be undertaken, the U.S. might find itself in a precarious position, forced to scramble for gold to cover a shortfall.

This isn’t just about questioning the numbers; it’s about the implications for the global economy. If Pento’s theory holds water, it could point to a deeper instability within the U.S. financial system than is currently acknowledged. A lack of transparency surrounding gold reserves erodes trust in the government’s financial management and could have far-reaching consequences.

The interview underscores the importance of keeping a close eye on gold and other real assets as barometers of economic health. In an era of unprecedented economic uncertainty, these tangible investments can offer a clearer picture of the underlying realities than traditional financial indicators.

Whether Pento’s theory proves accurate remains to be seen. However, his perspective provides a compelling reason to question the official narrative and demand greater transparency regarding the nation’s gold reserves.

As the price of gold continues to defy conventional wisdom, his words serve as a powerful reminder that the truth is often hidden beneath the surface. The continued rise in gold prices, despite unfavorable market conditions, demands closer scrutiny and could be signaling a silent, strategic maneuver by the powers that be. The message is clear: watch gold, and watch it closely.

https://www.youtube.com/watch?v=m0KOm1KaaH8

News, Rumors and Opinions Wednesday 2-19-2025

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 Wed. 19 Feb. 2025

Compiled Wed. 19 Feb. 2025 12:01 am EST by Judy Byington

Tues. 18 Feb. 2025: BOOM! FORT KNOX GOLD SCANDAL ERUPTS: TRUMP & ELON MUSK DEMAND AUDIT – DEEPSTATE PANICS!

$425 BILLION VANISHED? The U.S. government LIED for 50 YEARS, claiming 5,000 TONS of gold at Fort Knox, but NO ONE has seen it since 1974! Trump & Elon Musk are launching a HISTORIC AUDIT—if the gold is GONE, the U.S. dollar COLLAPSES, the economy IMPLODES, and the Deepstate is FINISHED!

TRUMP & MUSK TO AUDIT FORT KNOX – AMERICA’S BIGGEST FINANCIAL COVER-UP ENDS: For 50 years, the American people have been DECEIVED. The government claims nearly 5,000 tons of gold—worth $425 billion—are secured at Fort Knox. Yet, no one has verified it since 1974. No audit. No proof.

But the cover-up ENDS NOW. With Trump back and Musk leading the charge, a full-scale audit is imminent. If the gold is MISSING, decades of corruption will be exposed. The Deepstate’s secrets will be laid bare.

MUSK DEMANDS TRANSPARENCY – THE AUDIT BEGINS: Elon Musk, a disruptor of Big Tech and Wall Street, is now taking on the ULTIMATE FRAUD. He demands a LIVE, independent audit of every ounce. If the gold is there, PROVE IT. If it’s GONE, EXPOSE the THIEVES.

TRUMP LEADS THE CHARGE – DEEP STATE FEARS THE TRUTH: Trump has RETURNED to the White House, and he won’t back down. Unlike past leaders, he refuses to be controlled by the Federal Reserve’s DECEIT. An audit is coming, and if the gold is missing, those responsible will FACE JUSTICE.

WHAT IF THE GOLD IS GONE?

– The U.S. DOLLAR COLLAPSES.
– Wall Street IMPLODES.
– Inflation SKYROCKETS.
– The Federal Reserve is EXPOSED as a FRAUD.
– GOLD prices EXPLODE.

FOR 50 YEARS, THE DEEPSTATE HID THE TRUTH – NOW IT’S GAME OVER! If Fort Knox is EMPTY, America demands JUSTICE. The criminals behind the greatest financial LIE in history must FALL.

NO MORE SECRETS – SHOW THE GOLD OR FACE THE CONSEQUENCES!

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UNDER NESARA LAW:

The IRS and Income Tax will be abolished. There will be a 14% flat rate sales tax, applied only to new, non-essential items. Food and medicine will be tax-free as will the sale of all used items including homes.

Benefits to senior citizens will increase.

The U.S. Treasury will roll out a ‘rainbow currency,’ backed by gold, silver and platinum precious metals. This move will end the U.S. bankruptcy initiated by Franklin Roosevelt in 1933, replacing it with a solid, tangible financial foundation.

A new U.S. Treasury Bank System will be in force designed to align with Constitutional Law. The current Federal Reserve System will be phased out over a year-long transition period, eventually rendering it obsolete.

Financial privacy will be restored.

Enormous sums of money will be released for humanitarian purposes.

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Tues. 18 Feb. 2025 Bruce:

A Redemption Center Leader told Bruce he received an email this morning that said “be prepared to go into the Redemption Center at a moment’s notice.”

An Iraqi contact said that Iraq was told they were to have the official new Dinar Rate in the Gazette tomorrow Wed. 19 Feb.

Another contact said we would have appointments by Thurs. 20 Feb.

Read full post here:  https://dinarchronicles.com/2025/02/19/restored-republic-via-a-gcr-update-as-of-february-19-2025/

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

Frank26  I got a stronger feeling every day that I wake up, that a lot of the decisions of this reform are now being done by a far better leader. 

Mnt Goat  Article:  “THE PRESIDENT OF THE REPUBLIC APPROVES THE AMENDMENT TO THE BUDGET LAW”  Thiswas the main issues from the Kurdistan region in the monthly salary payments they were receiving for their share of the oil revenues...They wanted more in the budget and so now they have it...I want everyone to know that the passing of this bill is NOT the Oil and Gas Law and is NOT going to trigger the RV.

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Gold Price Is Skyrocketing!! Is It Too Late To Buy Now?

George Garmon:  2-19-2025

https://www.youtube.com/watch?v=QNN65xFt0FI

ON A MASSIVE SCALE. CENTRAL BANKS ARE ABOUT TO ENTER A NEW PHASE OF WORLD DEBT EXPANSION.

Greg Mannarino:  2-19-2025

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

Seeds of Wisdom RV and Economic Updates Wednesday Morning 2-19-25

Good Morning Dinar Recaps,

GOLDMAN SACHS RAISES 2025 GOLD PRICE FORECAST TO $3,100 AMID CENTRAL BANK DEMAND

Goldman Sachs has raised its year-end 2025 gold price forecast to $3,100 per ounce from $2,890, driven by sustained central bank demand. The investment bank predicts that higher central bank purchases, now estimated at 50 tonnes per month (up from 41 tonnes), will boost gold prices by 9% by year-end, alongside increased ETF inflows as interest rates decline.

Goldman noted that if monthly purchases reach 70 tonnes, gold could climb to $3,200, while steady Federal Reserve rates could see prices at $3,060. Persistent policy uncertainty, including trade tensions, may push gold to $3,300 due to prolonged speculative buying. Rising U.S. fiscal concerns could further lift prices to $3,250 by December 2025.

The bank reiterated its "Go for Gold" trading strategy, emphasizing gold as a hedge against trade tensions, Fed risks, and recession threats. Inflation fears and U.S. debt sustainability could also drive central banks, especially those holding significant U.S. Treasury reserves, to increase gold acquisitions. Goldman expects these factors to sustain strong gold demand, bolstering its bullish outlook.

@ Newshounds News™

Source:  Economic Times

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NIGERIA MOVES TO TAX CRYPTO TRANSACTIONS AS PART OF ECONOMIC RECOVERY PLAN

Nigeria’s government is advancing plans to incorporate cryptocurrency transactions into its tax framework, with lawmakers reviewing legislation expected to pass in early 2025.

▪️The Nigerian SEC aims to increase licensed exchanges to enhance oversight while taking enforcement actions against unregulated platforms.

▪️Major exchanges including OKX, Binance and KuCoin have faced regulatory challenges, with some suspending services in the Nigerian market.

▪️Recent regulatory updates include a 7.5% VAT on digital assets and stricter marketing rules to protect investors from potential scams.

The Nigerian government is set to revise its cryptocurrency regulations to include digital asset transactions under its tax framework.

The decision comes as part of efforts to generate revenue and stabilize the economy following fuel subsidy removals under President Bola Tinubu’s administration, according to a Bloomberg report.

Nigerian Lawmakers Push for Crypto Taxation

To address economic challenges and ease financial strain on citizens, Nigerian lawmakers are considering imposing taxes on digital asset transactions carried out on regulated exchanges. While banks remain prohibited from facilitating crypto transactions, the government believes that taxing crypto activities could provide an essential revenue stream.

According to Bloomberg, lawmakers are currently reviewing a proposed bill that includes crypto taxation alongside other tax reforms. If approved, the law is expected to pass within the first quarter of 2025.

The latest development follows the country’s previous tax measures on digital assets. In July 2024, Nigeria imposed a 7.5% value-added tax (VAT) on digital asset transactions, prompting compliance from exchanges such as KuCoin, which adjusted its transaction fees accordingly.

SEC Seeks to Expand Licensed Crypto Exchanges

In addition to taxation, the Nigerian Securities and Exchange Commission (SEC) is working on increasing the number of licensed crypto exchanges in the country.

According to Bloomberg, the SEC aims to issue regulatory licenses to crypto firms to enhance oversight, ensure compliance, and facilitate taxable transactions. The regulatory body believes that a structured environment will boost investor confidence and create a more transparent crypto ecosystem.

The SEC granted its first official crypto exchange license to Quidax in August 2024, marking a significant step towards regulatory clarity. Shortly after, the agency began planning enforcement actions against unregulated exchanges in September.

Regulatory Crackdown on Unregistered Crypto Firms

Nigeria’s tightening crypto regulations have already impacted several major players in the industry. In May 2024, OKX suspended Naira withdrawals due to regulatory concerns, which eventually led to the company leaving the market.

Other exchanges like Binance also faced scrutiny from the Nigerian government. Authorities in the African country accused the exchange of manipulating the local currency, through its peer-to-peer (P2P) services. The company also faced other allegations such as money laundering, and facilitating tax evasion.

As a result of these allegations, Binance were forced to halt P2P services for Nigerian users. Shortly after, KuCoin also followed suit, removing the Nigerian naira from its platform.

Further escalating its crackdown, Nigeria’s Economic and Financial Crimes Commission (EFCC) demanded Binance provide user data for individuals who traded on its platform.

Additionally, in December 2024, the Nigerian SEC updated its crypto marketing regulations to curb the influence of social media promoters advertising unregulated crypto products. The move was intended to protect investors from potential scams and misinformation.

@ Newshounds News™

Source:  Coinspeaker

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Gold Revaluation: Catalyst for a Global Currency Reset and Trump’s Mar-a-Lago Accord as the New Bretton Woods

Gold Revaluation: Catalyst for a Global Currency Reset and Trump’s Mar-a-Lago Accord as the New Bretton Woods

Awake-In-3D   February 18, 2025

Is the global financial system on the brink of a historic transformation?

As the world faces mounting economic instability, discussions are intensifying around a potential gold revaluation and its role in a comprehensive Global Currency Reset (GCR).

Some analysts suggest this shift could be orchestrated through a “Mar-a-Lago Accord,” drawing comparisons to the 1944 Bretton Woods Agreement and positioning President Donald Trump as a central figure in a new monetary framework.

With financial precedents set by past gold revaluations in 1934 and 1973, and the U.S. grappling with a ballooning national debt, the possibility of an official gold price adjustment is gaining traction. Meanwhile, central banks—particularly in China, Russia, and Europe—are stockpiling gold at unprecedented rates, signaling a shift away from the dollar-based financial system.

Could a U.S.-led gold revaluation be the catalyst for a global financial reset? And if so, what would this mean for markets, debt, and the future of money itself?

The Case for Gold Revaluation

Historically, the U.S. government has strategically revalued gold to manage financial crises.

The Gold Reserve Act of 1934 raised gold’s price from $20.67 to $35 per ounce, devaluing the dollar and providing the government with a massive financial windfall. In 1973, another revaluation increased the official gold price to $42.22 per ounce—a valuation that remains unchanged today, despite market prices exceeding $2,900 per ounce.

Currently, the U.S. Treasury still values its 8,133 tons of gold at $42.22 per ounce, reflecting only $11 billion on paper. At market value, these reserves would be worth over $750 billion, offering a unique opportunity: by marking gold to its actual market price, the U.S. could instantly strengthen its balance sheet without selling a single ounce.

Strategic Implications of Gold Revaluation

A gold revaluation could serve several key purposes:

• Debt Reduction: With national debt exceeding $34 trillion, recalibrating the official gold price would provide a financial windfall, potentially offsetting deficits or backing long-term U.S. bonds (e.g., 50- to 100-year bonds).

• Global Financial Realignment: A U.S.-led gold revaluation could challenge China’s and Russia’s efforts to move away from dollar-based trade by reasserting the dollar’s credibility in global markets.

• Market Stability: Amid growing concerns over fiat currency devaluation, a gold revaluation could restore confidence in monetary policy while reinforcing the dollar’s global reserve status.

However, such a move would not occur in isolation. The ripple effects across the global economy could accelerate the long-rumored Global Currency Reset (GCR).

The Mar-a-Lago Accord Gold Revaluation: A Modern Bretton Woods?

If gold revaluation is imminent, it is likely to be part of a broader international monetary realignment—potentially organized under what some are calling the “Mar-a-Lago Accord.”

This concept draws inspiration from the Bretton Woods Agreement of 1944, which established the post-war monetary system. Analysts speculate that a similar global summit—possibly led by Trump—could lay the groundwork for a new gold-backed financial order.

A Mar-a-Lago Accord could facilitate:

• A New Reserve Standard: Countries could peg their currencies to a newly adjusted gold price, reducing reliance on fiat currency.

• A Partially Gold-Backed Dollar: Instead of a full gold standard, the U.S. Treasury could back a portion of the money supply with gold, reinforcing trust in the dollar.

• A Coordinated GCR Event: This could include the strategic revaluation of multiple global currencies—such as the Chinese yuan, Russian ruble, and European euro—potentially redistributing monetary influence across world markets.

Given that central banks are aggressively acquiring gold, many believe this restructuring is already taking shape behind the scenes.

The Bottom Line: Is a Gold-Backed Reset Inevitable?

While the U.S. government has not officially announced a gold revaluation, growing economic pressures and geopolitical realignments suggest a major monetary shift is underway. Whether through a U.S.-led initiative or a broader global reset, gold is once again emerging as a cornerstone of the financial system.

The idea of a Mar-a-Lago Accord, in which global leaders convene to coordinate a new monetary order, is no longer far-fetched. With China and Russia challenging the dollar’s dominance and central banks accumulating gold, the foundation for a Global Currency Reset is solidifying.

If history is any indication, the next financial crisis may not be met with more fiat money printing—but with a return to gold’s central role in the monetary system. Those who recognize this shift now will secure their place on the right side of history.

Sources & References

1. Bloomberg Macro Strategist Simon White, February 13, 2025

2. Financial Times Editorial, February 10, 2025

3. Peter Boockvar’s gold revaluation analysis, Financial Times, February 10, 2025

4. Luke Gromen, “Forest for the Trees” analysis, Financial Times, February 10, 2025

5. U.S. Treasury gold reserves valuation, historical records (U.S. Treasury Department)

6. James Rickards on historical gold revaluations, Bloomberg, February 13, 2025

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© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

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“Tidbits From TNT” Wednesday Morning 2-19-2025

TNT:

Tishwash: Parliamentary meeting with the Governor of the Central Bank and officials from the Ministry of Finance

The Parliamentary Finance Committee held a closed meeting today, Tuesday, with the Governor of the Central Bank, Ali Al-Alaq, the directors of Rafidain Bank and the Trade Bank of Iraq (TBI), the Director of the Anti-Money Laundering Department at the Ministry of Finance, and other officials, to discuss the file of financial sanctions on some banks. /  link

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Tishwash:  A burning economic debate.. Is raising the exchange rate the magic solution for the Iraqi economy?

An ongoing debate among economists in Iraq about the effects of adjusting the exchange rate of the Iraqi dinar against the US dollar on the national economy, especially in the fields of agriculture and industry.

The opinions of experts and officials vary between supporters and opponents of changing the exchange rate, with a focus on how this will affect the productive sectors and the overall economy.
In 2020, the Central Bank of Iraq decided to adjust the exchange rate of the dollar against the dinar, as the purchase price of the dollar from the Ministry of Finance reached 1,450 dinars, while its selling price to banks was set at 1,460 dinars, and to citizens at 1,470 dinars per dollar.

In February 2023, the Central Bank of Iraq announced another adjustment in the exchange rate, to become 1,300 dinars per dollar, as the decision came in an attempt to control inflation and achieve stability in the general price level.

Protecting the Iraqi Dinar
In turn, economic expert Alaa Al-Fahd believes that “the current exchange rate represents a balance that protects the value of the Iraqi Dinar and maintains the general price level, which helps protect the poor classes.”

“The main reason behind the rise in production costs is due to the rise in energy prices, not the exchange rate,” he told Iraq Observer.

“The real problem that hinders the rise of productive sectors, especially agriculture and industry, is related to the energy crisis, especially electricity, as this crisis leads to higher production costs, which prevents the development of these sectors,” Al-Fahd added, noting that “countries like China have a low exchange rate for their currency, and despite that, their industry is thriving, which means that the decline in the currency may be an opportunity for the growth of local production, and not necessarily an obstacle to development.”

Historically, the Iraqi dinar has witnessed fluctuations in its value. In 1980, the dinar was equivalent to 3.3 US dollars, but its value deteriorated during the Iran-Iraq war, falling to about 4 dinars to the dollar in 1988. After the invasion of Kuwait and the imposition of an economic blockade in the 1990s, the value of the dinar deteriorated significantly, reaching about 3,000 dinars to the dollar in 1995.

Raise the exchange rate
On the other hand, Deputy Governor of the Central Bank of Iraq, Ihsan Shamran, believes that “industry will not rise unless the state finds itself in it, and neither will agriculture unless the exchange rate is changed, as the current rate is unfair, and the Iraqi exporter sells goods at any price and makes a profit because the dollar is very cheap.”

Shamran added in a press statement that “the cheap dollar is pushing some exporters to sell any commodity inside Iraq in exchange for the dollar, as the exchange rate should be between 2,000-2,500 dinars per dollar, considering that the Iraqi currency is very strong due to its high balance.”

He pointed out that “Iraq has reserves of nearly 120 billion dollars against a trading source estimated at 103-104 trillion dinars, which gives the Iraqi currency a cover of nearly 170%, which is not a small matter, but the relationship with the dollar requires adjusting the exchange rate to achieve the required balance.”

Experts have differed on the impact of these amendments on the Iraqi economy. While some believe that devaluing the dinar enhances the competitiveness of local products and reduces the budget deficit, others believe that it leads to higher living costs and negatively affects low-income groups.

Economists believe that the real problem lies in the structure of the Iraqi economy and its heavy dependence on oil, in addition to challenges related to energy and infrastructure, which hinder the development of other productive sectors. link

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Tishwash:  British Ambassador: Our view on Iraq has been fixed for 30 years, but now it has changed for the better

The British Ambassador to Iraq, Stephen Charles Hitchcock, confirmed today, Monday, that Iraq is a country of opportunities and investments, while expressing his optimism about the future of Iraq, due to the creativity, courage, dignity and endurance of the Iraqi people .

Hitchen said in a speech during the economic conference of the Iraqi-British Business Council, "My mission will end in two weeks, and it is natural for us to start thinking about what conclusions we can offer, and I share with you several ideas after a beautiful experience with you in Iraq. I am optimistic about the future of your country, and the source of optimism is the creativity, courage, dignity and endurance of the Iraqi people ."

He added, "Despite the challenges and problems, you can see that the trend towards the future is more positive in the current year 2025, and this is better than the situation in 2020, which was better than 2015, which was better than 2007, and the trend towards the future is clear and the existence of challenges cannot be ignored or denied, and you know the size of the challenges ahead of you ."

He continued, "For 30 years, British ministers viewed Iraq as a country of crises, a dangerous region and a security challenge. Now, for the first time, we have changed our ideas and see Iraq as a country of opportunities and investments," indicating, "The presence of our embassy in Iraq is not because of the past, but because of the future, and this is a turning point in our ideas ."

He explained, "The Iraqi government is responsive to our ideas and we have a contact group for the Iraqi economy which includes the  G7   and the World Bank," explaining, "We spoke with government advisors with the aim of unifying economic ideas ."

He added, "Prime Minister Mohammed Shia al-Sudani's recent visit to London was to renew trade relations and announce projects worth 12 billion pounds sterling, and we have coordination and cooperation with the Prime Minister's Office to implement these projects in the coming period ."

Hitchen concluded by saying, “The most important existential challenge is not ISIS or regional problems, but the demographic and economic situation before you. We expect, over the next 15 years, a decline in the price of oil and an increase in the population, as in 2003 there were 23 million people, now there are 46 million people, and in 2040 the number will reach 70 million people, and this is a big challenge link

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Mot: . 50 Licks!!! --- ooooops!!! 

Mot: .. Just Saying!!! -----

4 Best Money Lessons From Elon Musk

4 Best Money Lessons From Elon Musk

July 10, 2023 By Yaёl Bizouati-Kennedy

Elon Musk — still the world’s richest man, with a $243 billion net worth as of July 10, according to the Bloomberg Billionaires Index — is at the helm of several companies. From Tesla to SpaceX, and from Neuralink to The Boring Company — and most recently, Twitter — Musk is no stranger to controversy and is known for speaking his mind.  Not everything Elon Musk has done, financially speaking, has been exemplary. However, Musk’s best money moves are at the center of many commentaries, however, and four follow.

PayPal: An Early Mind for Bold Investing

Musk founded X.com, later named PayPal, and sold it to eBay for $1.4 billion in 2002, according to The Wall Street Journal. He collected $100 million from the deal.

“One of Elon’s best financial moves was placing most of his net worth into Paypal, at a time where the ‘.com’ world was seriously taking off,” said Sebastian Jania, owner of Ontario Property Buyers.

Upon successful growth of this company, he sold it and was paid handsomely — but instead of cashing out of the “entrepreneurship game” and living on the proceeds, he recycled his money into three more businesses which also took off as successes, said Jania.

“This was a very wise decision as he was able to take his successes in the tech industry and diversify across solar, automotive, and space industries. This move protected him in case the tech industry or other industries would crash.”

Musk Reinvests Profits Into his Visions

Elon Musk has made billions of dollars from his ventures but doesn’t all profits on lavish lifestyles or frivolous things, said Anna Koval, co-founder and CMO at Tarotoo.

“Instead, he reinvests his profits into his vision of making humanity a multi-planetary species and advancing clean energy and transportation. This shows his passion, dedication, and long-term thinking, which are essential for any successful entrepreneur.”

TO READ MORE: https://www.gobankingrates.com/money/wealth/4-best-money-lessons-from-elon-musk/?utm_term=incontent_link_3&utm_campaign=1237686&utm_source=yahoo.com&utm_content=6&utm_medium=rss

Economist’s “Gold News and Views” 2-18-2025

GOLD REVALUATION 2025: How Likely Is a US-Driven Monetary Reset?

Taylor Kenny:  2-18-2025

The global monetary reset isn’t coming—it’s already here. The evidence is overwhelming: skyrocketing U.S. debt, declining dollar dominance, and an unprecedented surge in central banks buying gold.

These signs point to one thing—gold is being repositioned at the center of the global financial system.

 A massive financial shift is underway. Are you prepared?

CHAPTERS:

0:00 Global Monetary Reset

1:52 US Debt

3:41 Gold Revaluation

6:41 Why Is This Happening?

 9:21 The Next Monetary Shift

10:45 Get Prepared Now

https://www.youtube.com/watch?v=gJn37vFAngE

'There's Not Much Time Left' - GOLD Driving Monetary End Game

VRIC:  2-18-2025

Lynette Zang and Rafi Farber think that misguided optimism over Trump's presidency is hiding the real truth lurking in America's monetary sewers: unbridled debt and deficits, dollar devaluation, and fiscal irresponsibility showing no end in sight.

Gold is poised to continue its upward climb in the face of these facts, and is perfectly playing its role as a unit of account and store of value, while the dollar increasingly becomes the emperor without any clothes.

00:00 Introduction

00:54 Gold's Path to $3,000 and Beyond

03:01 CPI Print - What Does it Mean?

07:03 Jerome Powell Says No to CBDC

09:56 Gold Outflows From London

 15:52 Repo Rates and the Monetary Sewer

21:57 Economic Narrative VS. Reality

27:40 Fed Exiting 'Green' Initiatives

31:47 Ron Paul Auditing the Fed

https://www.youtube.com/watch?v=5CiLCfgf_jw

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 2-18-25

Good Afternoon Dinar Recaps,

CREEPING DOUBTS OVER US GOLD RESERVES MAKE CASE FOR TOKENIZED COMMODITIES

America’s Fort Knox, Kentucky gold reserves haven’t been audited in more than 50 years.

The tokenization of real-world assets (RWAs) has reached a record high in 2025, driven by institutional demand for US dollar-denominated yield products.

As the technical barriers to RWAs continue to erode, commodities that require continual verification, like gold reserves, are likely to find a home on the blockchain very soon, according to Michele Crivelli, founder and chief operating officer of digital asset issuer NexBridge.

In an interview with Cointelegraph, Crivelli explained why US Treasurys and other fixed-income instruments have been the biggest targets of tokenization.

“These assets offer stability, transparency and clearly defined yields,” said Crivelli. “There is strong demand for dollar-denominated instruments for various reasons, including the need to combat inflation in certain regions and preserve purchasing power in countries where you don’t have direct access to [US dollar] currency or investment.”

Tokenizing Treasury bonds is a natural first step in a market that Crivelli calls a “small, knowledgeable niche.”

However, it’s only a matter of time before more assets become tokenized.

“Beyond US Treasury bills, gold and other commodities are prime candidates for tokenization, thanks to their potential to reduce correlation with traditional markets,” said Crivelli.

“There are different tokenization models — some replicate financial instruments linked to gold, while others directly represent physical bullion,” he said.

Anxiety over US gold reserves grows

The tokenization of real-world assets like gold is taking on newfound importance as Elon Musk’s Department of Government Efficiency (DOGE) seeks to cut wasteful spending and increase the transparency of US federal agencies.

Musk has even proposed using blockchain technology to track federal spending — a motion that was supported by Coinbase CEO Brian Armstrong.

Anxiety over federal gold reserves has grown since Zerohedge reminded Musk that the country’s Fort Knox, Kentucky deposits haven’t been audited in more than 50 years.

“Surely it’s reviewed at least every year?” Musk asked.

In response, US Senator Rand Paul has called on DOGE to investigate the status of Fort Knox’s nearly 4,600 tons of gold.

Blockchain technology can render these issues obsolete, according to Crivelli. Tokenizing bullion on the blockchain can increase the security and transparency of gold reserves, which enables “continual verification of gold’s ownership,” he said.

In the meantime, betters on Polymarket say there’s a 50% chance that DOGE will audit the Fort Knox gold reserves by May of this year.

@ Newshounds News
Source:  CoinTelegraph

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TETHER CO-FOUNDER IS WORKING ON YIELD-BEARING STABLECOIN RIVAL

▪Pi Protocol is set to launch in the second half of the year
▪The project will let minters of stablecoin earn yield

One of the original founders of Tether is backing a new stablecoin project — one that will compete with the world’s most traded cryptocurrency.

Reeve Collins, who along with Brock Pierce and Craig Sellars launched precursor to the original stablecoin, served as Tether’s first chief executive officer from from 2013 to 2015. 

He is chairman and co-founder of Pi Protocol. The so-called decentralized project is expected to debut on both the Ethereum and Solana blockchains in the second half of this year or sooner. No financial terms were disclosed.

Pi will use so-called smart contracts, or computer programs that automatically execute transactions between parties like exchanges and market makers, to mint its USP stablecoin. 

As a reward, the minters will earn another token, called USI, as yield. The stablecoin will be backed by yield-bearing real-world assets such as bonds.

After initially being used in crypto to facilitate trading and serving as a refuge from the extreme swings in the prices of most other tokens, stablecoins have been touted more recently as a method of payment.

The idea is to let industry participants marketing the stablecoin to get the lion’s share of the profits from it — something that doesn’t happen with Tether, which is supposed to be tied one-to-one to the dollar. Tether, which has grown to have over $140 billion in USDT tokens in circulation, profits from investing the reserves backing the coins. Tether said it had about $13 billion in profit last year.

“We view Pi Protocol as the evolution of stablecoins,” Collins said in an interview. “Tether has been extremely successful in showcasing demand for stablecoins. But they keep all the yield. We believe 10 years later the market is really ready to evolve.”

Collins, 49, and his partners sold Tether to the operators of the crypto exchange Bitfinex in 2015, when the USDT stablecoin’s market value was less than $1 billion. Collins has since co-founded several other companies, including NFT platform BLOCKv.

“I very much supported Tether over the years, it’s an extraordinary invention that we’ve developed,” Collins said. “Hindsight is always 20/20,” he said when asked if he regretted selling his stake in Tether.

Stablecoins have gotten a boost this year, with the election of US President Donald Trump. In his first days in office, Trump released an executive order promoting US dollar-backed stablecoin adoption, and Congress is working on a bill that offers a regulatory framework for stablecoins in the US.

Major financial companies like PayPal Holdings Inc. are already issuing stablecoins, while many others are considering issuing them.

Pi Protocol seeks to take advantage of the fast growth of not only stablecoins, but also real-world assets, a category which companies like the world’s biggest asset manager, BlackRock Inc., already play in. 

The stablecoin will be over-collateralized by assets like Treasuries, money-market funds and insurance products represented on blockchain ledgers. Pi’s smart contracts will evaluate the collateral’s value and enforce an over-collateralization ratio, according to the project’s whitepaper.

“You want assets that are non-correlated to crypto that are mid- to high yield, low risk,” Pi Chief Executive Officer Bundeep Singh Rangar, who previously founded insurance platform PremFina, said. “We have a mechanism that assesses the quality of the asset. They are ones that are vetted on their loss ratio and origination of where they are coming from.”

Pi will be ruled by a governance token, USPi, whose holders will get a cut of the platform’s revenue, coming from sources like yield from minting the stablecoin on the platform. The token’s users will be able to vote on decisions such as setting risk parameters, adjusting collateral policies and distribution of protocol revenue. The project’s team and advisors got 25% of the governance token supply. A pre-sale of the governance token is currently ongoing.

@ Newshounds News™

Source:  Bloomberg

~~~~~~~~~

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News, Rumors and Opinions Tuesday 2-18-2025

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 Tues. 18 Feb. 2025

Compiled Tues. 18 Feb. 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Mon. 10 Feb.: Liquidity was (allegedly) released to the 12 platforms that then (allegedly) funded the 38 platforms beneath them (Tiers 1 and 2). …JR Truth

Tues. 11 Feb. 2024: A military Intel contact(allegedly)  said they released everything for the Global Currency Reset at 3pm PDT on Tues. 11 Feb. 2025 to start the shotgun release of liquidity & notifications …Carolyn Bessette Kennedy on Telegram

Wed. 12 Feb. Funding (allegedly) released to Bond Holder accounts. Banks could no longer see or have access to individual bank accounts. Some private groups were (allegedly) paid out on Wed. 12 Feb, while others will be(allegedly)  paid on Thurs. 13 Feb. …Bruce

On Thurs. 13 Feb. Nesara funds(allegedly)  started going out. Redemption Center leaders went into work at 10am on Thurs. 13 Feb.…Bruce

Fri. 14 Feb. 2025: Tier 1 and Tier 2 have been(allegedly)  paid, I was just told.  …Mike Berra

Fri. 14 Feb. 2025: I’ve been told my platform (that has currency and bond holders in it) started today Fri. 14 Feb. and will start payments on Tues. 18 Feb. I expect currency notifications around same time. …JR Truth

On Sun. 16 Feb. the Iraqi budget with the new Iraqi Dinar Rate was ratified and expected to be published in the Gazette soon. (Was published Mon. 2-17-2025)

This was the Global Currency Reset of 209 nations to gold/asset-backed currencies. Trump had already (allegedly) collected 650 plane loads of gold from the Vatican that was owed to the American People and right now Britain was sending billions worth of gold to the US. (2) X22 Report on X: “Who can guess why Britain is sending billions worth of gold to America? https://t.co/RqKA96ufXz” / X

~~~~~~~~~~

What We Think We Know as of Tues. 18 Feb. 2025:

DOGE just exposed that, until now, the Treasury Department had no traceability for nearly $4.7 trillion in U.S. taxpayer funds. Elon Musk says that a government database shows that five million people over 140 years old still receive Social Security benefits. People thought USAID was bad. Wait, they see what’s been happening at the IRS.

Stephen Miller just confirmed that foreign fraud rings have been using  social security numbers & identities to steal billions of taxpayer benefits through the IRS and Social Security. Miller confirmed DOGE is about to get the records. “Over a 10-year normal budget window, you could be talking about saving over a trillion dollars by clamping down on massive fraud in our tax and entitlement systems, including again those carried out by organized fraud and theft rings.”

~~~~~~~~~~

Possible Timing:

“On Sun. 16 Feb. the Iraqi budget was ratified and was expected to be published in the Gazette on Mon. 17 Feb, along with Kurdistan resuming oil exports. …Ariel on X

On Thurs. 30 Jan. 2025 the privately owned Fed and IRS officially dropped dead – when the US Treasury withdrew from the Cabal’s Bankrupt Central Banks across the World. President Trump has said he will replace the IRS with the ERS (External Revenue Service) where taxation on goods will replace taxation on The People and their income.

Since Friday 3 Feb. 2023 all Basel 4 Compliant banks have (allegedly) gone 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).

Tues. 11 Feb. 2025 Official Notification: Leaders in the Global Currency Reset (allegedly) received signal payments authorized by the Quantum Network

This week the Quantum Financial System was said to be fully operational for completion of that 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. …Bruce

~~~~~~~~~~~

Mon. 17 Feb. 2025: State of the Republic For These United States of America …Capt.Kyle on Telegram

Trump’s Promise: 25+ states ready for gold standard. Banks are collapsing due to Basel 3 non-compliance. The Dodd-Frank Act allows banks to seize your money – be warned!

What’s Next?

■ Stock Market Crash
■ Gold Standard Return
■ Iraq IQD Exchange Rate Surge

Read full post here:  https://dinarchronicles.com/2025/02/18/restored-republic-via-a-gcr-update-as-of-february-18-2025/

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

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

Frank26  Yeah we have a bunch of dinars in the federal reserves.  Let's pretend that we have one zillion.  But when Sudani pulls the trigger, what are you going to do?  You're going to run to the American banks and you're going to give them three zeros notes.  Is the American bank going to send the three zero notes back to the CBI?  No.  Those are 'dinar mattresses'.  So where are these three zero notes going to?  The Federal Reserve where we already have one zillion dinars.  Now we're going to have two zillion dinars...

yada   Comment: Today is supposed to be the day the extraction cost of oil was raised for Kurdistan oil. That is real close to sounding like HCL stuff.  yada:  Exactly...the rate had to come first to give the oil transfer value.  Flowing oil means the rate was done.  Now our turn.

***********

BREAKING NEWS US Treasury -Trump Shuts Off 5 Iraqi Banks +IQD Rate Pattern

Edu Matrix:  2-17-2025

BREAKING NEWS US Treasury Trump Shuts Off 5 Iraqi Banks +IQD Rate Pattern - Iraq's central bank is taking bold measures to combat money laundering and dollar smuggling by prohibiting five local banks from conducting U.S. dollar transactions.

This decision, influenced by recent high-level meetings with U.S. Treasury officials, follows last year's ban on eight banks and reflects Iraq's ongoing efforts to reform its financial system.

With over $100 billion in U.S. reserves at stake, the economic landscape is precarious, especially with the potential return of former President Trump's "maximum pressure" policy on Iran. Discover how these developments affect Iraq's economy and international dealings in our latest video!

https://www.youtube.com/watch?v=NcQbyqHFq7Q

Iraq's Dual Currency Exchange System

Edu Matrix:  2-18-2025

Iraq's Dual Currency Exchange System #iqd Exchange Rate - In this video, we dive into Iraq's Dual Currency Exchange System and explore the necessary changes for the Iraqi dinar (IQD) to gain value. Discover how the Central Bank of Iraq (CBI) manages the official fixed exchange rate against the U.S.

 dollar, and the implications of the parallel market rate. We examine recent CBI actions aimed at unifying these rates and discuss the potential outcomes for Iraq's economy.

Whether you're interested in global commerce, currency fluctuations, or economic stability, this video provides essential insights. Join us on the EduMatrix Channel as we unpack the complexities of currency exchange and its impact on Iraq's future.

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

Gold Telegraph: The Best Part of the Last 48 Hours

Gold Telegraph: The Best Part of the Last 48 Hours

2-18-2025

Gold is nearing $2900 to start the week in US dollar terms.

Copper exploding higher. +2%

Elon Musk says it would be cool to do a live video walkthrough of Fort Knox reviewing gold reserves… This would be massive.

Elon Musk confirms that Americans want to know whether the gold is still at Fort Knox. Seems like an audit is coming…

After years of Western central bankers dismissing gold, the world is now demanding an audit of Fort Knox to verify if it’s actually there. Are you not entertained?

I asked Ron Paul whether he believes the Trump Administration could remonetize gold and about @judyshel’s gold-backed bond. He emphasized that gold should be RETURNED to the people and revisited his iconic exchange with former Federal Reserve Chair Ben Bernanke on whether gold is money. He says the current system is over, and price inflation will continue to go up.

Dr. Paul highlighted that one of the most magnificent developments is that some states are passing legislation recognizing gold and silver as legal tender, in line with the Constitution.

https://twitter.com/i/status/1891650999820882286

Dr. Ron Paul spent a lot of time highlighting the importance of gold in the global system.

Watch the full episode, here:

GOLD TELEGRAPH CONVERSATION #5: DR. RON PAUL "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 @elonmusk 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.

https://x.com/i/status/1889741052665270319

Things are getting real.

Elon Musk:  This gold is the property of the American people. I sure hope it’s still there!

Suddenly, The entire world realizes a monetary reset is no longer a conspiracy. It’s in motion. To top it all off: Gold will be at the centre of it all.

I follow zero script. I just have spent my career trying to write the golden story. Coming at us fast now.

“He who has the gold makes the rules.”

Bingo.

There is still a weeks-long queue to withdraw gold from the Bank of England vaults. If they did not know by now… Countries now fully know how difficult it has become to bring their gold home. This explains why many have rushed to do so over the years.

Who has brought some gold home in recent years?

• India
• Germany
• Netherlands
• Turkey
• Austria

The list goes on. Who is next?

BREAKING NEWS: GERMANY’S LIKELY NEXT CHANCELLOR IS WARNING THAT EUROPE IS ON THE BRINK OF ANOTHER FINANCIAL CRISIS

Oh?

“It will be a sovereign debt crisis. We don’t know when it will come. We don’t know from where it will come from, but it will come…”

Source: https://www.politico.eu/article/europe-friedrich-merz-germany-eu-debt-dinances-france-italy/

The best part of the last 48 hours? It’s only a matter of time before Federal Reserve Chairman Jerome Powell is forced to address growing public concern over whether the U.S. still owns all the gold at Fort Knox. Peak financial comedy is on the way.

Source(s):  https://x.com/GoldTelegraph_/status/1891324810405310716

https://dinarchronicles.com/2025/02/18/gold-telegraph-the-best-part-of-the-last-48-hours/

“Tidbits From TNT” Budget Published in Gazette 1-18-2025

TNT:

Tishwash:  Issue No. (4814) of the Iraqi Gazette was published on 2/17/2025.

 2025-02-18 10:28:00

 - Law No. (1) of 2025 “Amending Personal Status Law No. (188) of 1959.”

- Law No. (2) of 2025 “Second Amendment to General Amnesty Law No. (27) of 2016”.

- Law No. (3) of 2025 “Cancelling the decisions of the (dissolved) Revolutionary Command Council and returning the properties to their owners.”

- Law No. (4) of 2025 “First Amendment to the Federal General Budget Law of the Republic of Iraq for the Fiscal Years (2023-2024-2025) No. (13) of 2023.”

- Regulation No. (3) of 2025 “The first amendment to the Civil Airports Wages System No. (6) of 2018 issued by Cabinet Resolution No. (67) of 2025.”

- Instructions No. (1) of 2025 “Implementing the Second Amendment Law to Amnesty Law No. (27) of 2016, effective from the date of voting on it in the Iraqi Council of Representatives on 1/21/2025.”

To download the issue click here

Anyone wishing to purchase issues of the Iraqi Gazette can visit the Iraqi Gazette Department located in Al-Salihiya/Haifa Street (Ministry of Justice building) and obtain the required issue

Resolution No. (1)

Based on what was approved by the House of Representatives based on the provisions of Clause (First) of Article 21

Article 73, paragraph (Third) of the Constitution

The President of the Republic decided on 2/11/2025

Issuing the following law:

No. (1) of 2025  law

First Amendment to the Federal General Budget Law of the Republic of Iraq

For the fiscal years (2023-2025-2025) No. (13) of 2023

Article 10 - The text of Paragraph (c) of Clause (Second) of Article 12 of the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023) 2024-2025 No. 13 shall be cancelled.

Year 2023 and shall be replaced by the following:

A1: The Federal Ministry of Finance shall compensate the Kurdistan Regional Government from the sovereign expenses for the costs of production and transportation of the quantities of oil produced in the region that are received by the State Oil Marketing Company (SOMO) or the Federal Ministry of Oil in accordance with paragraphs (b) of this clause, provided that the calculation is made C

10. The Federal Ministry of Finance shall compensate the Kurdistan Regional Government from sovereign expenses for the costs of production and transportation of the quantities of oil produced in the region that are received by the State Oil Marketing Company (SOMO) or the Federal Ministry of Oil in accordance with paragraphs (a) and (b) of this clause, provided that the fair estimated costs of production and transportation for each field separately are calculated by a specialized international technical consulting body determined by the Federal Ministry of Oil in agreement with the Ministry of Natural Resources in the region, within a period of (60) sixty days from the date of entry into force of this law, and in the event of failure to reach an agreement within the aforementioned period, the Federal Council of Ministers shall determine the aforementioned consulting body.

The technical advisory body referred to in (1) of this paragraph shall submit the estimated cost of production and transportation to the Federal Ministries of Finance and Oil.

2/17/2025

(65)  laws

Iraqi Facts - Issue 4814   190

The Kurdistan Regional Government, and it is approved for the purposes of this law, and the compensation stipulated in (1) of this paragraph shall be calculated based on the aforementioned cost per barrel multiplied by the number of barrels received in accordance with paragraphs (a, b) of this item, and the Federal Ministry of Finance shall undertake to pay the amounts to the Kurdistan Regional Government.

Immediately commence the delivery of oil produced in the region to the State Oil Marketing Organization (SOMO) or the Federal Ministry of Oil in accordance with paragraphs (a, b) of this clause, and the costs of production and transportation shall be compensated by the Federal Ministry of Finance as advances at a rate of $16 per barrel, to be settled later after the specialized technical advisory body referred to in paragraph (1) of this paragraph completes its work and retroactively from the date of commencement of delivery pursuant to this amendment.

Article 2 - This law shall be implemented from the date of its publication in the Official Gazette.

Abdul Latif Jamal Rasheed   president  link

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

Tishwash:  Federal Reserve Praises Development of US Dollar Cash Distribution System in Iraq

The Central Bank announced, today, Sunday, the details of its meetings with the US Treasury and the US Federal Reserve.

The Central Bank stated in a statement received by / Al-Maalouma / agency, that “the first quarterly meetings for the year 2025 with the US Treasury and the US Federal Reserve, which were held in Dubai with the participation of international auditing and consulting firms (EY, K2 Integrity, Oliver Wyman), ended and the meetings were crowned with praise for the steps taken by the Central Bank of Iraq and the Iraqi government to reform the banking sector.”

He added that "the most important steps that have been taken are the development of the cash distribution system for the US dollar in Iraq, which they considered the most controlled and controlled system in the world, which limits manipulation and smuggling of the US dollar."

The Central Bank explained that “the consulting firms (EY and Oliver Wyman) reviewed the plans to reform the public and private banking sector and upgrade it in line with international standards and to facilitate the involvement of Iraqi banks in the international financial relations network . international correspondent banks in the Iraqi banking sector.”  link

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

Tishwash:  Regional Oil: The Path to Resuming Exports and Its Next Stages: New Hopes on the Road to Economic Recovery

Former member of the Natural Resources Committee in the Kurdistan Parliament, Jihad Hassan, commented today, Monday (February 17, 2025), on the statements of the Minister of Natural Resources in the regional government regarding the resumption of the region’s oil exports.

Hassan said in an interview with Baghdad Today, "This is an economic step that will revive the economy of the region and Iraq in general, and the matter was dependent on Baghdad and Ankara, as the region has been ready for a long time to export oil without any obstacles."

On the other hand, the expert and advisor on oil affairs, Govind Sherwani, confirmed that “the President of the Republic signed the amendment to Article 12 of the budget law related to the allocations for production and transportation of the region’s oil, and this issue was the obstacle to resuming exports.”

In an interview with Baghdad Today on Monday (February 17, 2025), Sherwani said, "The law will come into effect after its publication in the Official Gazette, and with regard to the technical aspect, a delegation from the Federal Ministry of Oil visited the region to review the technical aspects."

He added, "It is expected that within a week or the end of this month, the technical arrangements will be completed, and export will become possible. It is certain that the previous quantities, which are 400 thousand barrels per day, will not be, because these arrangements and the rehabilitation of the oil wells that were left for two years require a long time, and it may take more than 3 months to reach the previous rates."

He pointed out that "the beginning will not be less than 250 thousand barrels exported daily, and it is possible that within a month or two, exports will return to 400 thousand barrels, and this is a new resource to raise the public treasury, especially since this oil can be marketed to European markets without any obstacles."

At the beginning of 2025, new developments came in the amendment of Article 12 of the budget law, which paved the way for the resumption of oil exports from the Kurdistan Region. This step is considered an important solution to a legal problem that was hindering oil exports, and provides the region with an opportunity to enhance its economic revenues by exporting oil to global markets, especially European ones.

Despite the technical challenges facing the process of resuming exports, such as rehabilitating oil wells that have been out of service for two years, experts expect that the export process will begin in limited quantities, with the possibility of gradually increasing them in the coming months  link

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

Mot: Multi Talented I Is!!!  Procrastinating is a talent

Mot..... and then there is ""Grandma's Tea"" 

Seeds of Wisdom RV and Economic Updates Monday Evening 2-17-25

Good Evening Dinar Recaps,

ELON MUSK’S D.O.G.E. SET TO INVESTIGATE FORT KNOX’S $425B GOLD RESERVE

A groundbreaking D.O.G.E. investigation has catalyzed some more intense debate across multiple financial sectors after Elon Musk brought to the surface questions about the Fort Knox’s $425 billion gold stockpile verification process.

The Department of Government Efficiency (D.O.G.E.) has engineered a comprehensive review to verify whether Fort Knox actually maintains its reported 4,580 tons of gold, revolutionizing traditional Treasury oversight.

How Elon Musk’s D.O.G.E. Investigation Could Impact Fort Knox’s Gold Reserves

Political Response and Bitcoin Alternative

The D.O.G.E. investigation has leveraged significant political momentum, with several key lawmakers spearheading support initiatives.

Senator Rand Paul said:

“Nope. Let’s do it”

Senator Cynthia Lummis had this to say:

“Bitcoin fixes this. A bitcoin reserve could be audited anytime 24/7 with a basic computer. It’s time to upgrade our reserves.”

This pivotal D.O.G.E investigation comes after Senator Lummis created the groundbreaking Bitcoin Act, which aims at creating a strategic reserve formed out of 1 million Bitcoins, which would be optimizing a whopping amount of 5% of the total BTC supply.

The initiative deploys secure Bitcoin vaults operated through some sophisticated Treasury protocols. This would be leveraging the existing Federal Reserve and Treasury resources.

How States Use & Their Own Gold

Several major states have spearheaded their own cryptocurrency initiatives while Fort Knox discussions continue at the federal level. 

Pennsylvania, Texas, Wyoming, Arizona, and Wisconsin have engineered innovative state-based Bitcoin reserve strategies, catalyzing significant momentum for cryptocurrency adoption across various government sectors.

The Treasury has leveraged its existing 200,000 BTC holdings, primarily acquired through strategic asset seizures coordinated by US Marshals. Under the groundbreaking BITCOIN Act, these digital assets would be integrated into Treasury operations, pioneering a new era of national cryptocurrency reserves.

The Current Position of the Treasury

A pivotal inspection of Fort Knox was conducted in 2017 during Treasury Secretary Steve Mnuchin’s visit. The facility had remained sealed since 1974, when select journalists and lawmakers gained unprecedented access following widespread concerns about missing gold.

The vault’s sophisticated security architecture requires multiple authorized personnel for access, presenting ongoing challenges for comprehensive verification.

Also talking about gold reserves, Senator Lummis said:

“A bitcoin reserve could be audited anytime 24/7 with a basic computer. It’s time to upgrade our reserves.”

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

HESTER PEIRCE ON CRYPTO INDUSTRY'S 5 BIGGEST CONCERNS

The SEC's lead Crypto Task Force regulator talks early action.

President Trump made big crypto promises on the campaign trail. With Gary Gensler gone and the SEC now under new management, his administration stands ready to deliver on the agenda with digital asset regulatory clarity.

Hester Peirce – an outspoken advocate for digital asset liberties and regulatory restraint – joined David Hoffman to discuss the implications of changing agency leadership on crypto’s future.

Day one of the Trump Administration saw Commissioner Peirce appointed as head of the SEC’s freshly formed Crypto Task Force, and its first move was rescinding SAB 121, a controversial accounting policy that restricted financial institutions from offering crypto custody services.

Although Gary Gensler’s relentless trickle of crypto lawsuits traumatized industry participants and discouraged engagement with American regulators, Commissioner Peirce hopes to build healthy relationships with crypto projects and encourage experimentation through practical solutions that uphold regulation.

We didn’t get all the answers, but it was certainly refreshing to hear a lead crypto regulator finally engaging with the industry! Here’s how Hester responded to the crypto industry’s top 5 pressing concerns.

1 Regulatory Clarity for Tokens
One of the biggest shifts is the potential retroactive regulatory relief for token issuers. Peirce outlined a roadmap whereby projects that issued tokens in the past can gain legal clarity by providing disclosures and agreeing to certain conditions.

For years, the SEC's aggressive stance against tokens has discouraged transparency, leaving many projects afraid that disclosures could be used against them in future enforcement actions. Commissioner Peirce hopes to flip that dynamic by encouraging voluntary disclosures.

2 No-Action Letters
Peirce discussed the no-action letter process, which allows companies to request an official statement from the SEC confirming that a specific activity will not result in an enforcement action.

The SEC continues to solicit input from the crypto industry on how these processes should work, as it did under Gensler, and interested parties can reach out directly to provide feedback via the email: crypto@sec.gov.

3 Securities Laws and Crypto
Historically, being labeled a security has been a death sentence for crypto tokens in the U.S. due to the regulatory burdens it imposes. But does it have to be that way?

Peirce acknowledged that while some crypto assets will clearly fit within securities laws, the industry needs new frameworks to accommodate decentralized networks.

She also touched on meme coins, stating that just because something is popular doesn’t necessarily make it a security, but warned individuals against assuming that the SEC (or any regulator) will act as a safety net for those making speculative bets.

4 Airdrops and Retail Access to Crypto
Crypto projects often exclude U.S. citizens from their airdrops over fears they could become embroiled in legal troubles with securities regulators.

While Commissioner Peirce didn’t provide a definitive answer on airdrops, she signaled that the SEC is working on clearer guidance and encouraged projects to submit scenarios to the Crypto Task Force so they can better understand what the industry needs.

Additionally, Peirce indicated openness towards modernizing American financial regulations and expanding private market access through novel investor accreditation standards.

5 The SEC’s Relationship with the CFTC
Under previous leadership, the SEC and CFTC had an almost territorial fight over which agency would regulate crypto. Peirce expressed optimism that this will change, emphasizing that collaboration between regulators is now a priority.

Rather than seeking jurisdictional dominance, Commissioner Peirce hopes regulators will work together to create frameworks that actually make sense for crypto markets.

@ Newshounds News™

Source:  Bankless

Link to the Podcast:  Bankless

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

The 10 Golden Secrets of Fort Knox

The 10 Golden Secrets of Fort Knox

2-17-2025

Think you know what’s inside Fort Knox? The 10 golden secrets of the US Bullion Depository

Doug Whiteman September 12, 2022

In This Article:

You may have learned about Fort Knox from the James Bond movie Goldfinger, or from the old cartoon where Bugs Bunny tricks Yosemite Sam into digging up some of the gold bars and getting arrested.

But what do you really know about the U.S. bullion bunker in Kentucky?

The Fort Knox gold vault is one of the most secure and secret places in America. Because few people have ever gotten inside, the gold depository is a subject of fascination and speculation.

Here are 10 things we know — or maybe don’t know.

1. It holds tons of gold — literally

Fort Knox currently houses 147.3 million ounces of gold. The government says the bullion has a “book value” of $6.22 billion.

However, that’s based on a fixed price that officials set in 1973. Based on the current market value of gold, the reserves at Fort Knox are worth a far more impressive $252 billion, roughly speaking.

Much of the gold in the vault is in the form of 27-pound bars, while a percentage is in gold coins.

At one time, the point of having all of that gold was to provide backing for U.S. currency — but the dollar was taken off the gold standard in 1971.

2. Is the gold really in there?

So why does the U.S. hang onto its gold stash?

“Just in case we need it,” is the explanation a former Federal Reserve Board chairman reportedly gave.

Conspiracy theorists have insisted that the government secretly sold off the gold and that the gold bars are actually tungsten bricks painted to look like the precious metal.

There’s no way for outsiders to say with absolute certainty if there’s really bullion — or if it’s all bull. Over the years, there have been few audits to test the gold, or inventories to count it.

3. Outsiders rarely get inside

In 2017, Treasury Secretary Steve Mnuchin led a rare visit by outsiders to peek at the gold reserves inside the Fort Knox vault.

He was accompanied by Senate Majority Leader Mitch McConnell, and the two of them were photographed holding gold bars.

Afterward, Mnuchin had an answer for the conspiracy mongers. “Glad gold is safe!” he tweeted.

The last time Fort Knox had opened its vault to civilians was more than 40 years earlier. A congressional delegation and some journalists got a look at the gold in 1974.

4. Only one U.S. president ever got inside

President Franklin Roosevelt commissioned the construction of Fort Knox in the mid-1930s, reportedly because the Treasury worried that U.S. gold reserves weren’t safe from an enemy invasion.

Later, Roosevelt became the only U.S. president ever to set foot inside the gold vault’s titanic walls.

He traveled to Fort Knox to make an inspection in 1943, about seven years after construction on the vault was completed.

5. It’s one beefy building

Fort Knox contains 4,200 cubic yards of concrete, 16,000 cubic feet of granite, 750 tons of reinforced steel and 670 tons of structural steel. The cost of construction in the 1930s was a mere $560,000.

The roof is said to be bomb-proof, and the main vault door weighs 20 tons and is 21 inches thick. The Treasury says no one person knows the entire combination.

The door is resistant to torches, drills and explosives — not that any of that matters. The real challenge to any would-be intruder is reaching the building in the first place.

6. Guards and more guards

Fort Knox is guarded by members of the U.S. Mint Police, one of the oldest federal law enforcement agencies. It was established in 1792.

The officers undergo 12 weeks of basic training, followed by five weeks of field training. They learn a long list of heavy-duty skills, including weapons handling, cornering, door entry and room clearing.

If that doesn’t seem intimidating enough, Fort Knox sits at the center of a 109,000-acre U.S. Army post and is a training ground for military troops from around the country.

7. A frail foreign visitor

Occasionally, the vault at Fort Knox has held other precious items, besides gold.

In 1939, one of the original copies of the Magna Carta — the Medieval English charter laying down basic human rights — was brought to the U.S. to go on exhibit at the New York World’s Fair.

When World War II erupted, the delicate document was transferred to Fort Knox for safekeeping. The Magna Carta stayed in residence until 1947, when it went back to England.

But for a time, it had some treasured American roommates.

8. Very special guests from U.S. history

World War II turned Fort Knox into a hotel of sorts for prized papers from both sides of the pond.

Originals of the Declaration of Independence, the Bill of Rights and the U.S. Constitution were moved to the gold vault out of fear that the nation’s capital would be attacked.

As the war wound down, the parchment was returned to its rightful home in Washington, D.C., in 1944. That left some room at Fort Knox for the next priceless guest.

9. Protection for a hallowed headpiece

Legend has it that Hungary’s King Coloman, who reigned from 1095 to 1116, declared that the Holy Crown of Hungary, and not the king, was the true ruler of the realm.

During World War II, the crown was whisked out of Hungary to protect it from falling into the clutches of the Nazis or Soviets. It resurfaced in Austria in 1945 and was handed over to American forces.

The U.S. government brought the crown to Fort Knox for safekeeping. It remained there until 1978, when it was returned to Hungary by a delegation led by U.S. Secretary of State Cyrus Vance.

10. America’s medicine cabinet

What else has Fort Knox held, besides gold and historic artifacts? How about a hoard of d***s? Morphine sulfate, to be exact.

During the Cold War, the U.S. military wanted to be certain that it had a healthy supply of pain meds in case foreign opium sources ever got cut off. So, in 1955, Fort Knox opened its doors to tons of opium.

The government spent millions refining the stuff into morphine in 1993. However, unlike the gold — we think — the morphine is no longer there today.

Source: Yahoo Finance

https://dinarchronicles.com/2025/02/17/the-10-golden-secrets-of-fort-knox/