Thank you to all the subscribers to our Early Access program…we thank you for your continued support.
We are excited to offer this new service to keep you informed and up-to-date on the latest Dinar and currency news.
RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 4 May 2025
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 4 May 2025
Compiled Sun. 4 May 2025 12:01 am EST by Judy Byington
Sat. 3 May 2025 RED ALERT: EBS LOCKDOWN IMMINENT! …Charlie Ward and Friends on Telegram
The Quantum Financial System (QFS) is already seeded across 89 nations. Pilot debt forgiveness programs have begun in South America and Europe. Gold vaults stolen by DeepState actors are being emptied and returned to national treasuries. But media silence hides the truth.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 4 May 2025
Compiled Sun. 4 May 2025 12:01 am EST by Judy Byington
Sat. 3 May 2025 RED ALERT: EBS LOCKDOWN IMMINENT! …Charlie Ward and Friends on Telegram
The Quantum Financial System (QFS) is already seeded across 89 nations. Pilot debt forgiveness programs have begun in South America and Europe. Gold vaults stolen by DeepState actors are being emptied and returned to national treasuries. But media silence hides the truth.
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Possible Timing:
On Thurs. 27 March 2025 Military (allegedly) took control of the Federal Reserve and severed all links to the old US Treasury. Fiat printing was dead. All future currency (allegedly) would be asset-backed, and all debt created through fraudulent lending systems, (allegedly) nullified — including mortgages, student loans, credit cards and more. There would be a public announcement by July 4 2025.
On Sat. 26 April 2025 Constitutional Law and the Gold Standard (allegedly) returned to all citizens around the Globe. In this new World unshackled from the banking elite 207 nations would function under concepts of the original Constitution and a restored justice system under NESARA/GESARA Law.
As of Thurs. 1 May 2025, fiat currency was (allegedly) officially dead, the Quantum Financial System was live and gold-backed and the Military was in control.
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Global Currency Reset:
Judy Note: On Sat. 3 May 2025 I could not find any new news at all on the Global Currency Reset. The below was in my opinion only and could or could not be true.
What I understand to date was that money was defiantly moving and Bond Holders were liquid but under strict NDAs not to talk about it.
There were indications that as of Thurs. 1 May 2025 the Dong and Dinar were being exchanged in the Middle East.
Sometime between now and next Wed. 7 May the EBS could activate over our phones and we could get an email giving instructions on how to set up exchange appointments. The information would also be published on various Dinar websites and in this update.
Tier4b (us, the Internet Group) notifications might come out over the weekend, with appointments starting on Tues. 6 May 2025.
Once notified we would have ten days to set our appointments and until the end of May 2025 to go to appointments at an official Redemption Center that would have higher exchange rates than at a bank.
After the end of May 2025 Zim would no longer be redeemed and we would have to do currency exchanges at a bank with the lower rates.
All exchanges were to be finished by Sat. 31 May 2025.
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Sat. 3 May 2025: THE DIGITAL FINANCIAL RESET HAS BEGUN $4.7 TRILLION IN UNTRACED PAYMENTS BLOCKED BY NEW TREASURY SYSTEM …Carolyn Bessette Kennedy on Telegram
The Deepstate just got blindsided. The Treasury’s new TAS protocol just (allegedly) flagged $334 million in shady transactions — exposing $4.7 TRILLION in untraceable government payouts. This isn’t a glitch. This is a digital takedown.
THEY NEVER MEANT FOR US TO SEE THIS While you were watching staged trials and fake headlines, the U.S. Treasury flipped a switch behind the scenes. A new system went live — and trillions in dirty money were caught mid-flight. No budget codes. No legal trace. No oversight. Just a massive digital shadow network — exposed.
THE TAS SYSTEM WENT ACTIVE — AND CHAOS ERUPTED The moment TAS launched, it started slicing through financial lies:
• $334 million instantly rejected
• Payments with missing or fake codes flagged
• Transactions linked to fully drained budgets blocked.
This isn’t bookkeeping. This is a live digital strike against the black-budget parasite.
$4.7 TRILLION IN THE DARK — WHERE DID IT GO? Before TAS, the Treasury let $4.7 TRILLION move with zero code linkage. No origin. No authorization. No audit trail. That’s not incompetence — that’s criminal laundering hiding in plain sight.
And now? The pipeline’s being severed. NO CODE. NO CASH. NO COVER-UP. With TAS, every dollar must now prove itself:
• Is it linked to an active, legal budget?
• Is that budget still open?
• Does it match the agency and timeline?
If not? That dollar dies on the spot. No appeal. No workaround.
WELCOME TO THE DIGITAL PURGE This isn’t the “Great Reset” they talk about on stage. This is the real reset — hidden in code, enforced by AI, deployed in silence. They’re erasing their old money trails, locking the doors, and rewriting the system in real time. The press won’t cover it. The politicians don’t understand it. But the money flow is being seized — right now.
THE DEEPSTATE JUST LOST ACCESS Black ops. Shadow wars. Laundered tech budgets. All powered by the same invisible money flow. Now, with TAS live, those channels are being cut off — permanently. This isn’t just reform. +It’s a digital guillotine. The swamp isn’t being drained. It’s being throttled by code. And the ones who used to control the money? Just lost the keys.
Read full post here: https://dinarchronicles.com/2025/05/04/restored-republic-via-a-gcr-update-as-of-may-4-2025/
More News, Rumors and Opinions Saturday PM 5-3-2025
KTFA:
Clare: Parliamentary clarification: What is the purpose of spreading rumors about employees' salaries not being secured?
5/3/2025 - Baghdad
Head of the Irada bloc, MP Hanan al-Fatlawi, confirmed on Saturday that attempts to spread rumors about unpaid salaries constitute early election propaganda. Al-Fatlawi tweeted on the "X" platform:
"Slogan merchants, look for other merchandise. Attempts to spread rumors about the failure to secure salaries represent early election propaganda that is not based on reality.
KTFA:
Clare: Parliamentary clarification: What is the purpose of spreading rumors about employees' salaries not being secured?
5/3/2025 - Baghdad
Head of the Irada bloc, MP Hanan al-Fatlawi, confirmed on Saturday that attempts to spread rumors about unpaid salaries constitute early election propaganda. Al-Fatlawi tweeted on the "X" platform:
"Slogan merchants, look for other merchandise. Attempts to spread rumors about the failure to secure salaries represent early election propaganda that is not based on reality.
The government is committed to paying salaries and has not announced a deficit in this regard."
She continued: "The continuation of reconstruction projects and strengthening Iraq's regional position are tangible steps to the credit of the government, and they disturb those who have grown accustomed to trading in slogans instead of offering solutions." LINK
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Clare: This week, Al-Sudani will head to Kirkuk to inaugurate the largest oil refinery
5/3/2025
An informed source in Kirkuk Governorate revealed on Saturday that Iraqi Prime Minister Mohammed Shia al-Sudani intends to visit the governorate this week to lay the foundation stone for the largest investment oil refinery in Kirkuk and inaugurate several service and development projects.
The source told Shafaq News Agency, "The visit is expected to take place over the next two days, starting Monday, and will include the inauguration of the Kirkuk Investment Refinery Project, the largest of its kind in the province, in addition to the opening of other projects in various sectors."
He added, "During his visit, the Prime Minister will meet with officials from the North Oil Company to review the progress of work and follow up on the details of the joint contract between the company and its British counterpart, BP, as well as discuss ways to develop the province's energy infrastructure."
This visit comes as part of the federal government's efforts to support investment in the energy sector and enhance economic development in oil-producing provinces.
Two Kirkuk officials revealed new details on Friday (January 31, 2025) regarding the province's new refinery project, confirming that the contract is worth $2 billion and that its equipment is being supplied by the American company UOP .
Kirkuk Governor's Advisor for Investment Affairs, Ali Hammadi, told Shafaq News Agency, "The signing of the Kirkuk Governorate administration, represented by Governor Rebwar Taha Mustafa, of the contract to implement the construction of the Kirkuk oil refinery will contribute significantly to meeting the governorate's needs for gasoline and fuel."
He added, "The project contract is valued at $2 billion, with an implementation period of two to three years. The project will also provide approximately 3,000 job opportunities for Kirkuk residents." He indicated that "the coming period will witness the project's entry into force after the completion of the necessary procedures for handing over the project land to the company."
The project is part of the Iraqi Ministry of Oil's plans and programs to meet the country's domestic demand for petroleum products and export the surplus through investment refinery projects.
The refinery is scheduled to produce 70,000 barrels per day of high-quality petroleum derivatives, according to government statements.
Earlier, the director of Rania Energy and Oil Company, Jalal Haj Ahmed, told Shafaq News Agency, "The company's signing of the contract with the Kirkuk administration is an important step, as the company will work to establish the refinery according to international specifications and adhere to the deadlines for its operation. The refinery will be equipped by the large American company UOP ." He indicated that "the equipment and supplies will be the first of their kind and environmentally friendly."
He added, "Once implemented, the project will provide approximately 3,000 job opportunities for Kirkuk residents across all sectors."
Kirkuk Governor Rebwar Taha Mustafa also announced last Thursday that Prime Minister Mohammed Shia al-Sudani and the federal Ministry of Oil had approved the construction of the province's first oil refinery.
On Tuesday, October 17, 2017, the Iraqi Ministry of Oil announced its intention to build a new oil refinery in Kirkuk and boost oil production from existing fields. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Iraq is going to go to a global level and I think we all realize they haven't done it at 1310 to 1 US dollar. They're going to have a real effective exchange rate that has freedom of capital movement across borders...Iraq is ready to go. They're just now openly talking about it...I hope you guys are excited as I am.
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
They told us year ago that the black market would have to be killed first and now they keep saying the remaining 5% of the cash payment from imports will be handled by our banks not out in the black market...Thus this will put an end to the black market.
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Silver's Move Will Shock Investors | Michael Oliver
Liberty and Finance: 5-3-2025
Michael Oliver emphasizes that silver is poised for a major breakout after a year of sideways price action and a recent sharp correction.
He describes silver as the "wild child" of the precious metals market, noting its volatility but also its explosive recovery potential. Oliver highlights a strong momentum structure that suggests silver’s pullback is over and a surge is imminent.
He also points to the silver-to-gold ratio being historically low, signaling silver is extremely undervalued relative to gold. Overall, he believes silver is set to outperform and could deliver dramatic gains in the coming months.
INTERVIEW TIMELINE:
0:00 Intro
1:30 Gold & silver pullback
6:00 Stock market
13:50 Gold's 12-18 month review
16:00 Gold/silver ratio
25:30 Bank stocks
28:00 Momentum Structural Analysis
29:11 Last thoughts
The Economy is Officially Shrinking
The Economy is Officially Shrinking
Heresy Financial: 5-3-2025
The news is in: the Gross Domestic Product (GDP) has turned negative, signaling an official economic contraction.
This isn’t just a headline; it’s a seismic shift impacting every facet of our financial lives. Heresy Financial unpacks the situation, revealing what’s truly happening and what smart investors should do next.
While the negative GDP figure grabs headlines, understanding its nuances is crucial. Many interpret this solely as a recessionary indicator, but the reality is more complex.
The Economy is Officially Shrinking
Heresy Financial: 5-3-2025
The news is in: the Gross Domestic Product (GDP) has turned negative, signaling an official economic contraction.
This isn’t just a headline; it’s a seismic shift impacting every facet of our financial lives. Heresy Financial unpacks the situation, revealing what’s truly happening and what smart investors should do next.
While the negative GDP figure grabs headlines, understanding its nuances is crucial. Many interpret this solely as a recessionary indicator, but the reality is more complex.
The headline figure masks underlying factors, often overlooked in simplistic pronouncements of economic doom. A deeper dive is necessary to understand the contributing factors and their potential long-term effects.
Many analyses focus solely on the immediate impact of the negative GDP, neglecting the broader context. Common misconceptions include oversimplifying the relationship between GDP and individual financial wellbeing, failing to account for diverse economic sectors, and ignoring the influence of global events on the domestic economy.
Heresy Financial stresses the importance of looking beyond the single data point and considering a holistic view of the economic landscape.
Global trade dynamics, particularly the impact of tariffs and trade wars, play a significant role in the current economic downturn. These policies disrupt supply chains, increase costs for businesses and consumers, and contribute to overall economic uncertainty.
Understanding the ripple effects of these international trade policies is critical to forecasting future economic trends.
Inflation’s corrosive effect on purchasing power is often underestimated. While rising prices are acknowledged, the full extent of their influence on consumer spending, business investment, and overall economic growth is frequently overlooked. Heresy Financial emphasizes the necessity of factoring in the real impact of inflation, adjusted for purchasing power, rather than relying solely on nominal GDP figures.
The role of government spending in the current economic climate is highly debated. While some argue that increased government spending can stimulate economic activity, others contend it can exacerbate existing problems, leading to inflation and unsustainable debt levels. Heresy Financial delves into this complex issue, examining the potential benefits and drawbacks of government intervention, considering the specific context and potential unintended consequences.
The current economic contraction demands careful consideration and a strategic approach. By understanding the complexities beyond the headline figures and taking proactive steps, investors can navigate the turbulent waters and potentially emerge stronger in the long run.
The insights offered by Heresy Financial provide a crucial framework for making informed decisions in these challenging times.
Seeds of Wisdom RV and Economic Updates Saturday Afternoon 5-3-25
Good Afternoon Dinar Recaps,
BRICS 2025 SUMMIT COULD BE GAME-CHANGER FOR THE US DOLLAR
Just months into 2025, geopolitical tensions are shaking global markets — especially between the US and the BRICS economic alliance. As a result, the upcoming BRICS 2025 Summit may prove to be a turning point for the US dollar.
For years, BRICS nations have pursued de-dollarization, aiming to reduce reliance on the greenback. With the US leaning into America-first trade policies and further weaponizing the dollar, the bloc’s resolve may now be firmer than ever.
Good Afternoon Dinar Recaps,
BRICS 2025 SUMMIT COULD BE GAME-CHANGER FOR THE US DOLLAR
Just months into 2025, geopolitical tensions are shaking global markets — especially between the US and the BRICS economic alliance. As a result, the upcoming BRICS 2025 Summit may prove to be a turning point for the US dollar.
For years, BRICS nations have pursued de-dollarization, aiming to reduce reliance on the greenback. With the US leaning into America-first trade policies and further weaponizing the dollar, the bloc’s resolve may now be firmer than ever.
Why the BRICS 2025 Summit Matters
The annual BRICS summit has become the alliance’s most critical platform for economic coordination. Past gatherings have focused on:
Expanding membership
Developing alternative currency mechanisms
This year’s summit — dubbed the “Rio Reset” — is expected to be the most pivotal yet, particularly as Brazil holds the BRICS chairmanship and pushes for redefining global currency norms.
According to Birch Gold Group, the summit is “rumored to be a significant monetary development that will disrupt the dollar-based global financial system.”
“I’m convinced BRICS will make history this summer,” says analyst Peter Reagan.
Pressure on the US Dollar Builds
Since President Donald Trump’s return to office, his administration has introduced tariffs and protectionist policies, prompting the US dollar to fall 10% in just his first 100 days.
Without new trade deals, continued depreciation of the dollar seems likely. This only strengthens BRICS’s incentives to push forward with currency diversification and new international monetary tools.
@ Newshounds News™
Source: Watcher Guru
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ANALYSIS: RIPPLE MAKES BID FOR STABLECOIN ISSUER CIRCLE – REPORT
Earlier this week, Bloomberg reported that Ripple made a $4–$5 billion bid for Circle, the issuer of the USDC stablecoin. Circle rejected the offer, viewing it as too low. This comes as Circle filed for an NYSE listing earlier this month.
Despite generating $1.67 billion in 2024 revenue, Circle earned just $156 million in profit, due to 60% of revenue being paid out to distributors, especially Coinbase.
Why Ripple Wants Circle
Ripple’s interest makes strategic sense. It recently launched its own stablecoin, RLUSD, which just passed $300 million in market cap. By contrast, Circle’s USDC stands at $61 billion. Both aim at institutional markets, creating a major overlap in target audience.
Moreover, Ripple is cash-rich. It holds:
4.5 billion XRP outright (worth ~$10 billion),
38 billion XRP in escrow,
Plus, it committed $1.25 billion to acquire prime broker Hidden Road.
XRP’s Speculative Valuation
Ripple's XRP holdings enable large acquisitions, but its price is highly speculative:
XRP’s market cap is ~58% of Ethereum’s.
Yet, Ethereum has ~20x more daily active users (~465k vs. XRP’s ~23k).
Developer activity and ecosystem growth also heavily favor Ethereum.
So while it’s a good time to spend XRP, any acquisition requiring the recipient to hold XRP carries pricing risk.
Circle’s Institutional Edge
Circle is deeply entrenched in institutional finance:
Partners with BlackRock to manage reserves,
Custody by BNY Mellon,
Recently linked to stablecoin collateral for listed derivatives,
Favored in CFTC tokenized collateral pilots.
Ripple, although a late entrant, wants in. It already:
Acquired Metaco ($250M) for custody solutions,
Worked with emerging market CBDC pilots,
Serves institutional cross-border payments.
Why Circle Rejected the Offer
Circle is pursuing an IPO expected to value it around $4–$5 billion, the same range as Ripple’s offer.
But:
Founders retain Class B shares with 5x voting power,
CEO Jeremy Allaire has IPO experience (sold Allaire Corp to Macromedia),
This IPO is a launchpad—not an exit.
Given Circle’s years of pivots (e.g., Poloniex acquisition, Circle Pay wallet) and the long road to USDC’s success, a $5B sale isn’t attractive, especially if paid partly in volatile XRP.
Bottom Line
Ripple’s bid is strategically sound, but to succeed, it may need to significantly raise the offer — and reduce XRP exposure for any future acquisition deal.
@ Newshounds News™
Source: Ledger Insights
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News, Rumors and Opinions Saturday 5-3-2025
Something is Unfolding Behind Closed Doors
589bull: 5-3-2025
Something is unfolding. Not in the headlines—but behind closed doors.
Vaults are opening.
Systems are failing.
Players are being exposed.
Something is Unfolding Behind Closed Doors
589bull: 5-3-2025
Something is unfolding. Not in the headlines—but behind closed doors.
Vaults are opening.
Systems are failing.
Players are being exposed.
Behind the scenes:
• A hostile entrance into the Federal Reserve
• An invisible war over the monetary future
• The collapse of a regime that ruled in silence for a century
• And the rise of a system built on truth, speed, and sovereign value
Musk. Ripple. Treasuries. Tokenized power. This is global reckoning.
You’re watching history before it’s public.
CHAPTER ONE: The Vault Coming soon.
Gold Telegraph: BBREAKING NEWS BILLIONAIRE ELON MUSK IS CONSIDERING SENDING HIS GOVERNMENT EFFICIENCY TEAM TO THE FEDERAL RESERVE
Great news. @elonmusk What about the livestream of Fort Knox?
If Ripple really buys out Circle, that’s a serious power move. Not just adding a stablecoin—but absorbing a key piece of the new financial system.
USDC already has regulatory traction. XRP already has the rails. Put them under one roof and you’ve got real-time liquidity, settlement, and compliance handled without touching legacy systems.
No more partnerships. No more waiting.
Ripple’s locking down everything that matters before the switch flips.
XRP isn’t just a token in this scenario. It’s leverage. Strategic as it gets.
Source(s):
https://x.com/589bull10000/status/1918295977414336717
https://x.com/589bull10000/status/1918305522287002057
https://dinarchronicles.com/2025/05/03/589bull-something-is-unfolding-behind-closed-doors/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Bruce [via Judy Byington] Everything was triggered to start...Thurs. 1 May...The latest information was that Tier4b (us, the Internet Group) notifications should come out over the weekend, with appointments starting on Tues. 6 May. All exchanges are to be finished by Sat. 31 May 2025.
Frank26 We're looking for the blessing to occur. I'm looking for it IMO in 2 weeks to 2 months.
Militia Man If Iraq is going to make an adjustment to her exchange rate it's going to have an impact on her neighbors. They're going to need to know what's going on.
Frank26 They are constantly hinting of a new exchange rate but with all sincerity, enough is enough. Release the kraken man!
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Central Banks Driving the World into Crisis with G. Edward Griffin
WTFinance: 5-2-2025
On this episode of the WTFinance podcast I have the pleasure of welcoming on G.Edward Griffin.
G.Edward is the author of the “Creature from Jekyll Island”. During our conversation we spoke about the creation of the FED, the goals of the Federal Reserve, concentration of wealth, their true purpose and more. I hope you enjoy!
0:00 – Introduction
1:48 - Creature from Jekyll Island
16:50 - Goals of Federal Reserve
20:37 - Concentration of wealth
22:55 - Inevitable issue?
30:07 - One message to takeaway?
“Tidbits From TNT” Saturday 5-3-2025
TNT:
Tishwash: Iraq seeks to strengthen long-term economic partnership with Brazil
On Thursday, Minister of Commerce Athir Al-Ghurairi discussed ways to strengthen the economic and trade partnership with Brazil, signing a contract with his Brazilian counterpart, Geraldo Alckmin, during his visit to the country.
Al-Ghariri said in a statement received by Al-Akhbari: "The government is keen to expand cooperation with Brazil and strengthen economic partnerships with them."
He added that "the possibility of supplying the Brazilian side with shipments of Iraqi oil was discussed, within the framework of bilateral cooperation and meeting the Brazilian market's energy needs," stressing "the importance of building a long-term strategic partnership based on shared interests and mutual opportunities."
TNT:
Tishwash: Iraq seeks to strengthen long-term economic partnership with Brazil
On Thursday, Minister of Commerce Athir Al-Ghurairi discussed ways to strengthen the economic and trade partnership with Brazil, signing a contract with his Brazilian counterpart, Geraldo Alckmin, during his visit to the country.
Al-Ghariri said in a statement received by Al-Akhbari: "The government is keen to expand cooperation with Brazil and strengthen economic partnerships with them."
He added that "the possibility of supplying the Brazilian side with shipments of Iraqi oil was discussed, within the framework of bilateral cooperation and meeting the Brazilian market's energy needs," stressing "the importance of building a long-term strategic partnership based on shared interests and mutual opportunities."
The Minister of Trade affirmed "Iraq's readiness to provide all possible facilities to Brazilian investors," calling for "the organization of a comprehensive exhibition of Brazilian industries in Baghdad to serve as a platform for promoting Brazilian products and expanding the base of trade and investment cooperation."
He pointed out that "there are significant opportunities, supported by sovereign guarantees provided by the Iraqi government to Brazilian companies, to encourage real partnerships with the Iraqi private sector." link
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Tishwash: A representative reveals the reason for the government's withdrawal of tax funds: The US Federal Reserve has stopped transferring funds to Iraq.
Iraqi parliament member Dr. Raed Hamdan al-Maliki described the United States' control over the transfer of Iraqi oil export revenues as "the greatest violation of the country's sovereignty," calling on the Iraqi government to tell the truth to the people.
In a tweet on his official X (formerly Twitter) account, followed by Iraq Observer, Maliki said that the government's withdrawal of tax funds and their use to cover operating expenses was due to the US Federal Reserve's suspension of oil revenue transfers.
He added, "It appears that the government's reason for withdrawing tax trust funds and using them to cover operating expenses is due to the US Federal Reserve's suspension of the transfer," referring to US measures restricting the movement of Iraqi funds held in international bank accounts.
Al-Maliki called for an end to this situation, saying, “This matter must end, and the government must tell the people the truth.”
The Council of Ministers had previously, in an official decision, authorized the Minister of Finance to withdraw tax deposits less than five years old to finance and pay salaries for April and subsequent months.
The Ministry of Finance is scheduled to deposit the amount later, as needed, for the state's total. Cash settlements will be made monthly upon request by reversing the deposit amount from the actual monthly revenues collected when conducting tax accounting, according to the decision. link
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Tishwash: Your deposits are safe: Iraq clarifies bank withdrawals
Iraq’s Finance Ministry dismissed allegations that recent withdrawals from state-owned banks involved citizen deposits, stressing that the transactions used sovereign funds and were carried out in line with federal budgetary procedures.
The ministry clarified in a statement that the funds withdrawn from Al-Rafidain and Al-Rasheed banks were held temporarily for “operational purposes” and reallocated according to administrative and financial instructions tied to the national budget.
The statement followed accusations by several lawmakers, local media outlets, and social media figures alleging that the government had accessed trillions of dinars from public deposits to address fiscal pressures. Some critics drew parallels to foreign banking collapses, prompting concerns over Iraq’s financial stability.
“These funds are not linked to individual accounts or depositors’ savings,” the ministry stated, rejecting the comparisons as “inaccurate and misleading.” It emphasized that Iraq’s banking sector operates under a distinct legal framework and is regulated by the Central Bank, which enforces strict compliance and governance measures.
Officials reported that Al-Rafidain and Al-Rasheed remain financially stable, continuing to disburse salaries, finance public projects, and fulfill obligations to clients. Al-Rafidain Bank holds approximately 9 trillion Iraqi dinars ($6.9B) in legal reserves with the Central Bank.
A document dated April 24 confirmed Al-Rafidain held 4.277 trillion dinars ($3.3B) in unused reserves and 4.263 trillion ($3.25B) in used reserves—totaling over 8.54 trillion dinars ($6.52B)—all of which remain intact, according to the ministry.
Addressing earlier embezzlement incidents, the ministry attributed those cases to prolonged dormancy in escrow accounts, which had been exploited by corrupt networks, noting that new oversight procedures had been introduced in coordination with state banks to strengthen controls and mitigate risks.
The ministry warned that continued dissemination of false claims could damage public confidence and distort perceptions of recent economic progress, highlighting that Iraq’s fiscal reforms and improved transparency had received praise from international institutions, contributing to better credit ratings and increased investor engagement.
Reaffirming its economic policy direction, the ministry called on media professionals and social media users to verify claims and act responsibly. “All official data remains accessible for professional and public review through the ministry and banking channels.” link
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Mot: The History of Cinco de Mayo......... ((( What YOu Didnt Learn in History Class ))) .
Did you know that back in 1912, Hellmann's Mayonnaise was manufactured in England. In fact, the Titanic was carrying 12,000 bottles of the condiment scheduled for delivery in Vera Cruz, Mexico, which was the next port of call for the great ship after its stop in New York. This would have been the largest shipment of mayonnaise ever delivered to Mexico.
The ship hit an iceberg and sank.
The people of Mexico, who were crazy about mayonnaise, and were eagerly awaiting its delivery, were disconsolate at the loss. Their anguish was so great they declared a National Day of Mourning.
The National Day of mourning occurs each year on May 5th and is known, of course, as - SINKO DE MAYO.
WHAT??? You expected something educational from me?
You need a shot of Tequila!
Seeds of Wisdom RV and Economic Updates Saturday Morning 5-3-25
Good Morning Dinar Recaps,
ARIZONA GOVERNOR VETOES BILL TO MAKE BITCOIN PART OF STATE RESERVES
Arizona’s plan to invest in Bitcoin has ended in a veto, with Governor Katie Hobbs citing concerns over using public funds for "untested assets."
Arizona Governor Katie Hobbs has vetoed a bill that would have allowed the state to hold Bitcoin as part of its official reserves, effectively ending efforts to make Arizona the first US state to adopt such a policy.
Good Morning Dinar Recaps,
ARIZONA GOVERNOR VETOES BILL TO MAKE BITCOIN PART OF STATE RESERVES
Arizona’s plan to invest in Bitcoin has ended in a veto, with Governor Katie Hobbs citing concerns over using public funds for "untested assets."
Arizona Governor Katie Hobbs has vetoed a bill that would have allowed the state to hold Bitcoin as part of its official reserves, effectively ending efforts to make Arizona the first US state to adopt such a policy.
The Digital Assets Strategic Reserve bill, which would have permitted Arizona to invest seized funds into Bitcoin and create a reserve managed by state officials, was formally struck down on Friday, according to an update on the Arizona State Legislature’s website.
“Today, I vetoed Senate Bill 1025. The Arizona State Retirement System is one of the strongest in the nation because it makes sound and informed investments,” Hobbs wrote in a statement aimed at Warren Petersen, the President of the Arizona Senate.
“Arizonans’ retirement funds are not the place for the state to try untested investments like virtual currency,” she added.
On April 28, the bill passed a final vote in the state House when 31 members of the Arizona House voted in favor of the bill, with 25 opposing.
Hobbs had previously stated she would veto any legislation not tied to a bipartisan agreement on disability funding.
Another Bitcoin awaits final vote
A companion bill, SB1373, which would authorize the state treasurer to allocate up to 10% of Arizona’s rainy-day fund into digital assets like Bitcoin, has not yet reached a final vote.
Arizona joins several other states where similar efforts have failed. In recent months, similar proposals in Oklahoma, Montana, South Dakota and Wyoming have stalled or been withdrawn.
In contrast, North Carolina’s House passed the Digital Assets Investment Act on April 30, allowing the state treasurer to invest up to 5% of certain funds in approved cryptocurrencies. The bill has now been moved to the state Senate for consideration.
The state-level efforts to create Bitcoin reserves come amid a push from US President Donald Trump and Republican lawmakers to do the same in the federal government.
Trump signed an executive order in March with a proposal for a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile.”
@ Newshounds News™
Source: CoinTelegraph
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UK REGULATOR PROPOSES BAN ON BUYING CRYPTO WITH CREDIT CARDS
The UK's financial regulator is considering a ban on buying crypto with credit, and also mulling outlawing crypto lending and borrowing platforms.
▪️The UK's Financial Conduct Authority has proposed banning the use of credit to purchase crypto assets.
▪️The regulator is accepting comments on the rule from the public until June 13.
Britain’s top financial regulator has proposed banning the purchase of cryptocurrency with any sort of borrowed funds, including credit cards.
A new discussion paper from the UK’s Financial Conduct Authority floated a plan this week to outlaw crypto firms from allowing British customers to buy crypto assets with a credit card. The proposed rule would also ban the purchase of crypto with any other form of credit, including loans and digital currency credit lines.
The move appears largely driven by the regulator’s concern that UK adults are going into debt to buy crypto, a “risky” practice, given the inherent volatility of digital assets.
Britain’s top financial regulator has proposed banning the purchase of cryptocurrency with any sort of borrowed funds, including credit cards.
A new discussion paper from the UK’s Financial Conduct Authority floated a plan this week to outlaw crypto firms from allowing British customers to buy crypto assets with a credit card. The proposed rule would also ban the purchase of crypto with any other form of credit, including loans and digital currency credit lines.
The move appears largely driven by the regulator’s concern that UK adults are going into debt to buy crypto, a “risky” practice, given the inherent volatility of digital assets.
We are concerned that consumers buying crypto assets with credit may take on unsustainable debt, particularly if the value of their crypto asset drops and they were relying on its value to repay,” the FCA said.
A YouGov survey recently commissioned by the Authority found that 14% of UK crypto users reported using credit to buy digital assets in August 2024. That figure marked a 133% uptick from two years prior.
The proposal, if passed, would not necessarily impact all crypto assets, however. The FCA said that stablecoins authorized by its regulatory regime would likely be exempt from the credit ban.
@ Newshounds News™
Source: Decrypt
~~~~~~~~~
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Fed Panics: New Silver & Gold Laws Threaten Control
Fed Panics: New Silver & Gold Laws Threaten Control
Daniela Cambone: 5-2-2025
We’re seeing more and more states actively participate in a monetary renaissance,” says JP Cortez, Executive Director of the Sound Money Defense League.
He speaks with Daniela Cambone about how different U.S. states are making moves to support sound money by getting rid of taxes on gold and silver and recognizing them as legal tender again.
Fed Panics: New Silver & Gold Laws Threaten Control
Daniela Cambone: 5-2-2025
We’re seeing more and more states actively participate in a monetary renaissance,” says JP Cortez, Executive Director of the Sound Money Defense League.
He speaks with Daniela Cambone about how different U.S. states are making moves to support sound money by getting rid of taxes on gold and silver and recognizing them as legal tender again.
Wyoming, Idaho, and Alabama are a few standout examples of these efforts.
“Politicians tend to see dollar signs and don’t understand the constitutional or historical reasons why gold and silver shouldn’t be taxed,” Cortez points out.
He also weighs in on the recent power outage in Spain, highlighting why depending only on digital money can be risky during a crisis.
Key facts:
2025 has seen significant progress in sound money adoption.
Leading states: Wyoming, Idaho, Alabama Challenges in implementing sound money legislation
Why are politicians reluctant to adopt sound money?
Spain’s blackout highlights the risks of relying on digital money.
Chapters:
00:00 – Tax Reforms on Gold and Silver
4:39 – State-by-State Sound Money Rankings
6:20 – The Rise of the Sound Money
7:31 – Can the Fed Stop Sound Money?
9:24 – Utah's Leadership in Sound Money Adoption
12:30 – Spain Power Outage
17:22 – The Growing Problem of National Debt
18:51 – End the Fed
Seeds of Wisdom RV and Economic Updates Friday Afternoon 5-2-25
Good Afternoon Dinar Recaps,
BITCOIN IS A MATTER OF NATIONAL SECURITY — DEPUTY CIA DIRECTOR
Deputy CIA director Michael Ellis' comments reflect Bitcoin's maturation as an asset but conflict with the cypherpunk philosophy.
The US Central Intelligence Agency is increasingly incorporating Bitcoin as a tool in its operations, and working with the cryptocurrency is a matter of national security, Michael Ellis, the agency’s deputy director, told podcast host Anthony Pompliano.
Good Afternoon Dinar Recaps,
BITCOIN IS A MATTER OF NATIONAL SECURITY — DEPUTY CIA DIRECTOR
Deputy CIA director Michael Ellis' comments reflect Bitcoin's maturation as an asset but conflict with the cypherpunk philosophy.
The US Central Intelligence Agency is increasingly incorporating Bitcoin as a tool in its operations, and working with the cryptocurrency is a matter of national security, Michael Ellis, the agency’s deputy director, told podcast host Anthony Pompliano.
In an appearance on the market analyst and investor’s show, Ellis told Pompliano that the intelligence agency works with law enforcement to track BTC, and it is a point of data collection in counter-intelligence operations. Ellis added:
"Bitcoin is here to stay — cryptocurrency is here to stay. As you know, more and more institutions are adopting it, and I think that is a great trend. One that this administration has obviously been leaning forward into."
"It's another area of competition where we need to ensure the United States is well-positioned against China and other adversaries," Ellis said.
Although Ellis's comments point to Bitcoin maturing as an asset, they also reflect the increased involvement of governments and institutions, which runs contrary to the libertarian and cypherpunk ethos originally inherent in crypto.
Bitcoin: from cypherpunk experiment to state reserve asset
US President Donald Trump signed an executive order establishing a Bitcoin Strategic Reserve on March 7, to mixed reactions from the Bitcoin community.
Bitcoin Magazine CEO David Bailey celebrated the move, while Venice AI founder and BTC advocate Erik Vorhees warned against government ownership of Bitcoin but added that if the US government is to adopt any crypto reserve, it should be Bitcoin-only.
Concerns that cryptocurrencies have lost their cypherpunk roots predate the current market cycle and any strategic reserve legislation or comprehensive regulatory frameworks for digital assets.
In March 2020, Therese Chambers, the former director of retail and regulatory investigations at the UK’s Financial Conduct Authority (FCA), argued that cryptocurrencies had become increasingly financialized and institutionalized.
Chambers added that digital assets were behaving far more like traditional financial instruments than the privacy-preserving tools they were initially billed as.
@ Newshounds News™
Source: CoinTelegraph
~~~~~~~~~
CAPITOL CRYPTO: CONGRESSMAN PROPOSES BITCOIN ATMS IN GOVERNMENT FACILITIES
A Texas Republican congressman has proposed installing cryptocurrency ATMs in United States federal buildings. Rep. Lance Gooden wrote a May 1 letter to Stephen Ehikian, who is presently acting administrator for the General Services Administration (GSA), news reports said.
Trump Ally Frames Proposal As “Educational Resource”
Gooden, one of the president’s well-known Republican allies, recommended in his letter that installing crypto ATMs in government buildings would be an “educational resource” for the public.
He requested that the GSA start exploring guidelines and regulations necessary for installing such machines on federally owned properties across the country.
Public documents filed with the House of Representatives indicate Gooden has not declared any cryptocurrency investment or ATM firms since being elected in 2019. There are no reported financial disclosures in public records available for the Texas representative as of 2025.
Authority Questions Unanswered
The GSA regulates and manages government-owned properties. Although its website states that it can offer space for federal credit union ATMs, it is not certain if Ehikian can extend these regulations to digital asset ATMs provided by private companies.
Reports suggest Ehikian, who was sworn in by US President Donald Trump, may not have a mandate to introduce these types of ATMs without consent from Congress. Reports also disclose that the finances for such an endeavor may demand an act of Congress.
President’s Crypto Connections Raise Questions
Meanwhile, Trump has extensive engagement with digital coins and asset firms across multiple avenues. These range from his individual investments, presidential campaign accounts, family-backed enterprises, and the TRUMP meme coin.
Trump reportedly hosted a dinner in Washington, DC in April for the leading holders of his meme coin. This link creates questions regarding potential policy influences related to cryptocurrency infrastructure in government buildings.
Senate Considers Tougher Crypto ATM Regulations
Gooden’s bill comes as legislators in the Senate are considering bills to combat fraud using digital currency ATMs. Last February, Illinois Senator Dick Durbin introduced the Crypto ATM Fraud Prevention Act with the goal of establishing “common sense guardrails” against scams that have hurt many elderly Americans.
The timing provides a telling contrast between Gooden’s initiative to expand access to crypto technology and Durbin’s push for more protection from possible abuse of the same systems.
This brings to the fore the debate surrounding how to achieve a balance between innovation and consumer protection in the world of cryptocurrencies.
@ Newshounds News™
Source: Bitcoinist
~~~~~~~~~
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More News, Rumors and Opinions Friday Afternoon 5-2-2025
Gold Telegraph: The World has Quietly Lived through a Monetary Revolution
5-2-2025
Over the past 55 years, the world has quietly lived through a monetary revolution.
What began in 1971 as a “temporary” suspension of the dollar’s convertibility into gold, declared by President Nixon… became a permanent departure from Bretton Woods, replacing gold-backed stability with a floating fiat experiment tied to oil:
The petrodollar.
Gold Telegraph: The World has Quietly Lived through a Monetary Revolution
5-2-2025
Over the past 55 years, the world has quietly lived through a monetary revolution.
What began in 1971 as a “temporary” suspension of the dollar’s convertibility into gold, declared by President Nixon… became a permanent departure from Bretton Woods, replacing gold-backed stability with a floating fiat experiment tied to oil:
The petrodollar.
It was never meant to last.
Even Paul Volcker, who helped design the suspension, believed it would be short-lived.
Instead, it became the foundation of today’s system… a system that has fueled an unprecedented explosion of global debt and left nations at the mercy of a currency no longer anchored to anything real.
We’re living inside a monetary experiment… and history shows these always end the same way.
People know my position, I have been clear about it for years.
But a new article is on the way, unpacking Scott Bessent’s latest comments and the shifting role of the petrodollar.
The U.S. dollar is the current anchor of the international monetary system.
But think about this:
Nations are propping up a currency that holds immense privilege, yet that anchor has become a weapon.
It can freeze your sovereign assets, crush your economy, and finance itself through unlimited money printing… all while sitting on a mountain of record-breaking debt.
Do you think the majority of nations are happy about this?
The United States Treasury Secretary says bond yields are signaling it’s time for the Federal Reserve to cut rates. This is getting very entertaining.
BREAKING NEWS: JAPAN’S FINANCE MINISTER SAID THAT THE COUNTRY’S US TREASURY HOLDINGS COULD BE A CARD IN ITS TRADE NEGOTIATIONS
Boom. There it is… Nobody should act surprised.
“It does exist as a card, said Kato, speaking on a TV Tokyo program Friday. Whether or not we use that card is a different decision…”
Former Treasury Secretary and Fed Chair Janet Yellen has joined the advisory board of a climate-focused venture capital firm. You can’t make this stuff up. The jokes write themselves.
The largest foreign holder of U.S. Treasuries just signalled it might weaponize its $1 trillion stockpile in trade talks. This is a big warning s**t. This should be the day’s biggest story, but many are just glossing over it.
Source(s):
https://x.com/GoldTelegraph_/status/1918046910482620473
https://x.com/GoldTelegraph_/status/1918050360381563342
https://x.com/GoldTelegraph_/status/1918056427849171155
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr Sammy says Alaq is the man. He was brought back to Iraq to run the CBI...And he was brought back to control the rate. He worked with Shabibi before his health went bad. Alaq knows the plan... FRANK: Thank you Mr. Sammy. I'm going to give in because you guys are there. He will release the new exchange rate therefore he's in control but he will release it when it is given to him. FIREFLY: ...That's why they [Parliament] have tried for so long to get Alaq out of his job. They know he's working on changing the rate.
Militia Man What we have seen so far in the news is...all positive, nothing that's considered to be worrisome as far as I can see. The tone from Washington has been positive. They've been talking about support...for Iraq's monetary reforms by the largest financial institutions in the world - United States Treasury, Federal Reserve, International Monetary Fund, World Bank, IFC. The focus has been about security, stability, sustainability, partnerships with the public and private sectors, investment opportunities...
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1st July - Gold Liberation Day - LFTV Ep 221
Kinesis Money: 5-2-2025
In this week’s Live from the Vault, Andrew Maguire breaks down gold’s recent sharp rise and fall, exposing how short-term volatility is engineered through unbacked US paper markets — now facing a reckoning as Basel III enforcement draws near.
As China steps up physical gold acquisition and global FX markets eclipse COMEX in both credibility and scale, July’s compliance deadline threatens to shift gold’s pricing power eastward, marking a structural break from Western dominance.
Timestamps:
00:00 Start
00:43 Andrew unpacks gold’s round trip and the 1st July Basel III deadline
14:05 Gold charts: Andrew’s short-term outlook and market direction
25:05 Why COMEX is rapidly losing control over gold price setting
29:48 China’s open gold strategy & Trump: who has the gold makes the rules!
36:30 Bullish signals in gold and silver - what’s driving sentiment?
RV Thoughts From 589Bull 5-2-2025
This is Bretton Woods 2.0 but Silent
589bull: 5-2-2025
JUST IN: Trump says Treasury Secretary Scott Bessent is negotiating new trade deals with 200 countries.
There aren’t even 200 countries—so what’s really going on? This isn’t a trade update. This is a signal: the U.S. is rebooting the global financial system.
Scott Bessent isn’t a bureaucrat. He’s a former Soros lieutenant turned nationalist asset manager. Now he’s at the Treasury, shaking hands with the planet—and writing a new playbook.
This is Bretton Woods 2.0 but Silent
589bull: 5-2-2025
JUST IN: Trump says Treasury Secretary Scott Bessent is negotiating new trade deals with 200 countries.
There aren’t even 200 countries—so what’s really going on? This isn’t a trade update. This is a signal: the U.S. is rebooting the global financial system.
Scott Bessent isn’t a bureaucrat. He’s a former Soros lieutenant turned nationalist asset manager. Now he’s at the Treasury, shaking hands with the planet—and writing a new playbook.
Trade deals = cover.
Monetary realignment = mission.
Expect this to include:
• Commodity-backed agreements
• Gold-denominated settlement layers
• Currency revaluations (IQD, VND, etc.)
• Digital rails for cross-border payments
• A new U.S.-anchored FX standard
This is Bretton Woods 2.0… but silent.
Trump isn’t bluffing. He’s locking the U.S. into 200 bilateral levers for liquidity control. You’re watching the scaffolding of a new world economy being bolted together in real time. The headlines won’t say it.
But we see it.
Source(s):
https://x.com/589bull10000/status/1917984083528831108
https://dinarchronicles.com/2025/05/01/589bull-this-is-bretton-woods-2-0-but-silent/
What’s the Rate Gonna be?
589bull: 5-2-2025
Everyone always asks: “What’s the rate gonna be?”
I usually don’t go there, but with everything we’re seeing—the coordination, the U.S. banking moves, the Fed delays—it’s worth laying it out.
Here’s a breakdown of what’s possible, from conservative to bullish:
Conservative Range:
$0.01 – $0.10 USD per IQD
Would be framed as a “managed float” or gradual revaluation. Helps Iraq slowly restore trust in the currency. Fits IMF-style baby steps. But honestly? Doesn’t match the intensity of what we’re seeing right now.
Mid-Range (Realignment):
$0.30 – $0.50 per IQD
This range is more realistic if Iraq is re-entering Forex with intent. Backed by oil, gold reserves, strong budget activity, and trade growth. Also high enough to shift regional dynamics, but low enough to stabilize.
Bullish Range:
$1.00 – $3.00 per IQD
This would be a full-blown reset play. Parity with the dollar or higher. Symbolic. Strategic. Global. Would explain why the U.S. is micromanaging liquidity, timing, and banking integrations.
Could it go higher? Only under a controlled redemption window or tiered payout model. We’re talking geopolitical restructuring, asset backing, BRICS pushback, and U.S. leverage in play.
But to be clear: anything over $3 would require a system the public hasn’t fully seen yet.
Final thought: You don’t build this much coordination just to bump from 1310 to 1190. This feels bigger—and whatever the number is, it’s gonna shock a lot of people.
So yeah, I usually don’t guess. But right now? Feels like time to pay attention.
Source(s):
https://x.com/589bull10000/status/1918047681156382785
https://dinarchronicles.com/2025/05/01/589bull-whats-the-rate-gonna-be/
Seeds of Wisdom RV and Economic Updates Friday Morning 5-2-25
Good Morning Dinar Recaps,
US CONGRESS SEEKS TO END THE PENNY BY INTRODUCING THE COMMON CENTS ACT
The ‘Common Cents’ Act, which has bipartisan support, seeks to end the production of the $0.01 coin, commonly known as the cent, as its production and distribution costs exceed its face value. Representatives Lisa McClain and Robert Garcia, along with Senators Cynthia Lummis and Kirsten Gillibrand, are behind this proposal.
Good Morning Dinar Recaps,
US CONGRESS SEEKS TO END THE PENNY BY INTRODUCING THE COMMON CENTS ACT
The ‘Common Cents’ Act, which has bipartisan support, seeks to end the production of the $0.01 coin, commonly known as the cent, as its production and distribution costs exceed its face value. Representatives Lisa McClain and Robert Garcia, along with Senators Cynthia Lummis and Kirsten Gillibrand, are behind this proposal.
Common Cents Act Gets Introduced to Stop Penny Production
The U.S. Congress will consider ending the production of the $0.01 coin, commonly known as the penny, to combat government inefficiency. A proposal called the ‘Common Cents Act’ seeks to eliminate the production of the cent coin to reduce government spending on a coin that is no longer widely used.
Introduced by a bipartisan group of lawmakers, including Representatives Lisa McClain and Robert Garcia, as well as Senators Cynthia Lummis and Kirsten Gillibrand, the act would direct the Secretary of the Treasury to cease production of one-cent coins for regular use.
However, special issuances for coin collectors would still be allowed, provided the sale price of the coin ‘equals or exceeds the total cost of production, including variable costs and the appropriate share of fixed costs.’
Additionally, the bill proposes rounding prices to the nearest five cents, a resolution adopted by several countries implementing similar reforms. This would enable people to complete all cash payments without issue.
Senator Cynthia Lummis highlighted the wasteful spending that the U.S. Mint executes with the issuance of each penny. Lummis stated:
The fiscal reality is undeniable: the U.S. Mint spends three cents to produce each one-cent coin. With a $36 trillion national debt, we have to implement meaningful opportunities to reduce costs, update our currency system, and codify the elimination of government inefficiencies. It just makes cents!
In February, President Donald Trump decided to end the production of the penny, assessing that the whole operation was “wasteful.” Nonetheless, experts stated that this decision was not his to make, as Congress is the institution that dictates the specifics of coin production.
Analysts expect Trump to tackle nickel production in the future, as it is also produced at a loss.
@ Newshounds News™
Source: Bitcoin News
~~~~~~~~~
COULD XRP ETF APPROVAL BE NEAR? RIPPLE TO MEET SEC CHAIR PAUL ATKINS ON MAY 2
As positive shifts in cryptocurrency regulation unfold under President Donald Trump’s second administration, speculation is mounting regarding the potential approval of spot XRP ETF applications.
This anticipation is fueled by significant changes at the US Securities and Exchange Commission (SEC), particularly the appointment of Paul Atkins as the new chair. Known for his pro-crypto stance, Atkins represents a departure from the stringent regulatory environment established by former chair Gary Gensler.
Speculation Rises Around XRP ETF Applications
The timing of a possible XRP ETF approval is further ignited by reports of a potential meeting between Ripple Labs’ executive chairman and co-founder Chris Larsen and SEC Chair Paul Atkins. Such discussions could pave the way for expedited decisions on XRP ETF applications.
Earlier this week, Bitcoinist highlighted that the SEC has set a new deadline of June 17, 2025, for either approving or disapproving the XRP ETF application submitted by asset manager Franklin Templeton or initiating further proceedings to assess the proposal.
Bloomberg ETF expert James Seyffart has indicated that while the June deadline is crucial, market participants should prepare for a series of decisions expected in the fourth quarter of 2025.
However, Bloomberg’s ETF expert specifically pointed to mid-October—around the 18th of this year—as a pivotal date for a potential spot XRP ETF decision by the regulatory body.
Ripple Labs Sees Renewed Hope
Adding to the excitement, crypto investor Steph Is Crypto recently shared on social media site X (formerly Twitter), that insiders suggest the meeting between Larsen and Atkins, reportedly scheduled for May 2, could bring the approval of XRP ETF applications closer to reality. However, as of Thursday, no official confirmation or statements have been released by either party, leaving this scenario uncertain.
The ongoing speculation for XRP ETF applications come amid a more favorable environment for Ripple Labs, which has long advocated for regulatory changes in the US.
The previous administration faced criticism for its enforcement actions and lawsuits targeting major players in the crypto sector, including Ripple Labs itself.
Since Gensler’s resignation on January 20, 2025, several lawsuits against prominent companies like Coinbase, Robinhood, Uniswap Labs, and Kraken have been dropped, further easing regulatory pressures.
This renewed optimism not only fuels hopes for XRP ETF approval but also raises expectations for other crypto ETFs, including those for Litecoin (LTC), Solana (SOL), Dogecoin (DOGE), and Cardano (ADA), which may also receive approvals later this year.
At the time of writing, XRP, currently the fifth largest cryptocurrency on the market in terms of capitalization, is trading at $2.21, up 8% in fourteen days amid renewed optimism in the market after a challenging few months.
@ Newshounds News™
Source: Bitcoinist
~~~~~~~~~
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News, Rumors and Opinions Friday AM 5-2-2025
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. 2 May 2025
Compiled Fri. 2 May 2025 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Wed. 30 April 2025 Banker: “Initially Wells Fargo Bank in Sacramento was to release the 800 number. It is now my understanding that it will be released in Panama.”
Tues. 29 April 2025 Wolverine: “Bond Holders are liquid in their accounts. Money is defiantly moving.”
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. 2 May 2025
Compiled Fri. 2 May 2025 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Wed. 30 April 2025 Banker: “Initially Wells Fargo Bank in Sacramento was to release the 800 number. It is now my understanding that it will be released in Panama.”
Tues. 29 April 2025 Wolverine: “Bond Holders are liquid in their accounts. Money is defiantly moving.”
~~~~~~~~~~
Thurs. 1 May 2025 Bruce:
Sometime between now and next Wed. 7 May you should get an email from Wells Fargo that instructs how to set up your exchange appointment.
In order for us to exchange there were three things that needed to happen that did happen by yesterday Wed. 30 April. (1) One was taking out the nuclear plant in Iran – which set up a peace agreement in the Middle East. (2) The second was the agreement between Trump and Ukraine to mine precious metals. Russia agreed to a cease fire for three days. (3) The third was the problem with Iran and Ukraine integrating into the new banking system. That is to happen by Fri. night 2 May.
There were indications that Dong and Dinar were being exchanged in the Middle East.
Everything was triggered to start today Thurs. 1 May at 2 pm EST.
The latest information was that Tier4b (us, the Internet Group) notifications should come out over the weekend, with appointments starting on Tues. 6 May.
All exchanges are to be finished by Sat. 31 May 2025.
On Wed. 30 April Iraq announced they were in bankruptcy, so their Dinar was likely to revalue ASAP. The IQD (Iraqi Dinar) flips first, the XRP follows: https://x.com/589bull10000/status/1917621269450707386?t=1T5j2NhKm7xa-kjs5dfUtw&s=09
Thurs. 1 May 2025 Dong RV Officially Confirmed: OH MY GOSH! – VND Revaluation OFFICIALLY Confirmed – URGENT Update for Dong Holders!
Thurs. 1 May 2025 Three Signs the Iraqi Dinar RV Has Already Started: IRAQI DINAR – 3 Hidden Signs the Iraqi Dinar RV Already Started – Banks & Redemption Centers Know!
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Global Financial Crisis:
Thurs. 1 May 2025: The Federal Reserve Lost $80 Billion, American Taxpayers PAID FOR IT. “The Fed is losing, last year they lost about $80 billion and the taxpayers funded that, and we use that money to pay banks.” Charlie Kirk “So is congress then financing this loss?” “Yeah — It’s crazy.” …Q into the Storm on Telegram
Thurs. 1 May 2025: TRUMP UNLEASHES GOLD-POWERED INCOME TAX REVOLUTION …Nesara Gesara on Telegram
TRUMP JUST CHANGED EVERYTHING. On April 27, 2025, he dropped the bomb: “NO INCOME TAX for Americans earning under $200K” — all thanks to a TARIFF-POWERED REVENUE PLAN that’ll obliterate the IRS and launch America into a new industrial age. Factories are firing up. Jobs are coming back. He calls it the EXTERNAL REVENUE SERVICE.
But here’s the part they don’t want you to see: it’s not just tariffs. This is the death blow to the fiat system.
JUDY SHELTON IS BACK. Trump’s trusted gold-standard economist is pushing a new 50-year Treasury bond — fully convertible to GOLD — launching July 4, 2026. Her plan? Use America’s gold reserves to back a new debt instrument and k**l the Fed’s monopoly. This isn’t theoretical. This is the start of a financial coup.
The Fed is DONE. The global dollar order is collapsing.
Russia and China are already there. Russia just abolished the 20% VAT tax on gold — signaling a full return to a gold standard. China? Quietly hoarding gold, dumping dollars.
Defcon insiders warn: The next global system will be gold-backed, and the US dollar will CRASH. Maxime Bernier isn’t mincing words: “We’re handing them the win. We’re triggering the collapse of our own currency.” And Canada has no gold left. NONE. Their dollar is hanging by a thread.
This is happening FAST. Russia’s central bank is stacking up assets immune to sanctions — gold, cash, and Chinese yuan. They’re preparing for the final break from the Western system.
Meanwhile, Lebanon just canceled its central bank’s foreign debt. That’s full-on reset mode. Central banks are collapsing from the inside. They’re wiping the slate clean. Who’s next?
The gold dominoes are falling. And in the shadows, Multichain is connecting XRPL with 39+ chains, bypassing legacy financial controls — ushering in a decentralized gold-backed exchange system with over $6 billion locked and $200M daily volume. Quiet now… but that’s how revolutions start.
We are in the final chapter. The fiat illusion is crumbling. Gold will rise. Trump is forcing the reset — ON OUR TERMS.
WAKE UP. THE WAR ISN’T COMING. IT’S HERE.
Read full post here: https://dinarchronicles.com/2025/05/02/restored-republic-via-a-gcr-update-as-of-may-2-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Yada For this rate to delay another month would mean they'd have to freeze all they've done up till now. 26 billion dollar worth of oil not flowed from Iraq to Turkey and all needed is the rate to populate. US pushing to get it restarted. Billions of invested money from companies arrived in Iraq the past 3 weeks and doubt they will just sit on it with no rate change...There is much said in the articles as well as prep actions of Iraq to indicate, the rate release is upon us.
Militia Man Article quote: "Non-oil imports rose significantly during the government of Muhammad Sudani including long-term investment revenues..." Sudani has increased the non-oil revenues since he's been in office...Realize Iraq's original valuation was primarily based off oil. Now they have non-oil resources. They're really going to be able to support a real effective exchange rate as far as I can see...
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Twin Deficit Crisis: 'This Is How You End Empires', Recession Imminent? | Darius Dale
David Lin: 5-1-2025
Darius Dale, Founder of 42 Macro, explains his forecast for a W-shaped market correction in 2025, warning about the risks of the U.S. twin deficit crisis and recommending defensive positioning with significant allocations to gold and cash.
0:00 - Intro
1:25 - Allocation update
5:52 - Fiscal timing
9:35 - Recession explanation
18:02 - Credit defaults and shorting
20:44 - Retail investing
23:13 - KISS Portfolio
28:25 - Capital outflow
35:55 - View of the dollar
39:40 - Deficits
43:43 - DOGE cuts
48:15 - W-shaped Market in a U-shaped Economy