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Dinar Recaps 20 5/21/25 Dinar Recaps 20 5/21/25

More News, Rumors and Opinions Wednesday PM 5-21-2025

KTFA:

Clare: 2025 Budget: Government Advisor Outlines Spending Priorities and Plans to Address Trillion-Dollar Deficit

5/21/2025

The Prime Minister's financial and economic advisor, Mazhar Mohammed Salih, revealed important details related to the budget for the remainder of 2025 and the impact of global economic variables on the oil market.

In a press statement, Salih confirmed that "Iraq was able to sell its oil until the end of the first quarter of 2025 at an average price of $75 per barrel, which exceeds the price specified in the general budget law of $70."

KTFA:

Clare: 2025 Budget: Government Advisor Outlines Spending Priorities and Plans to Address Trillion-Dollar Deficit

5/21/2025

He pointed to the paradox witnessed by the global oil market, as the OPEC+ group recently lifted its restrictions on member states' production, driven by a decline in global oil inventories. However, this increase coincided with the escalation of the trade war between the United States and China, and the subsequent imposition of customs tariffs, which produced signs of a recession in the global economy.

Salih explained that a 1% decline in economic growth leads to a half-percent decline in demand for crude oil and vice versa, noting that this has created a "downward oil asset cycle."

Regarding the Iraqi general budget for the rest of 2025, Salih indicated that it will operate according to the principle of "fiscal space," which is based on flexibility in controlling public expenditures. He emphasized that priority in spending will be given to government salaries and wages, pensions, and social welfare, which affect the lives of eight million Iraqis. He also stressed the need to continue Spending on infrastructure projects remains uninterrupted, as they are linked to the government's development and reform agenda.

Saleh noted that the budget includes a hypothetical maximum borrowing limit of 64 trillion Iraqi dinars (about $1.5 trillion) to cover the deficit gap, out of an upper ceiling of 200 trillion dinars. He emphasized that the Ministry of Finance will borrow to finance the project when needed. LINK

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Clare: Maximizing non-oil revenues by up to 60%... Expert identifies what Iraq needs

5/21/2025

Economic expert Safwan Qusay confirmed that the percentage of non-oil revenue maximization in Iraq has reached 60%, while pointing to the country's need to expand sources of income and achieve economic independence through long-term support for the agriculture, industry, and trade sectors.

During his appearance on the "Free Talk" program on Al Furat TV, Qusay said, "There are clear indicators of the success of the government program, especially in the field of localizing the pharmaceutical industry and the cement sector." He pointed out that "the government seeks, through achieving food security, to break the link with foreign imports and meet citizens' needs through local production."

He explained that "the ration card components represent a top priority in the government's program, and there is a move to strengthen them internally, especially after the agricultural plan helped identify the regions with the highest productivity, allowing the water file to be managed for the benefit of these regions."

Qusay pointed out that "Iraq has 26 million acres of arable land, but it lacks 50 billion cubic meters of water annually to cover these areas." He explained that "the amount of rainwater is currently wasted, as it goes directly to the Gulf without being utilized, while a $15 billion contract has been signed with the United States to manage the water issue."

He stressed that "Iraqi agricultural products are of a distinct nature," calling for "expanding exports, reducing imports, and increasing local production, with the need to involve farmers as shareholders in specialized agricultural companies to ensure better results and enter the global market with clear plans."

He added that "the Ministry of Trade must expand the economic sphere through long-term commercial contracts with specialized international companies, which will enhance Iraq's chances of building a sustainable economy."

On the financial front, the expert noted that "Iraq remains outside the World Trade Organization and imports the equivalent of $70 billion annually," stressing the "need to intensify investigations into new sources of income to protect the gross domestic product."

Qusay concluded his remarks by stating that "the government is serious about generating revenue from all sectors as part of a future development plan," noting that "financial reforms and Syria's exit from the black market have contributed to reducing pressure on the dollar," predicting that "its price will continue to decline to 132,000 dinars per $100."

Wafaa Al-Fatlawi LINK

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

Frank26 Question: "Won't the black market get away when they raise the rate?" No! The black market will be annihilated. There won't be a need for the black market. The black market is there because they're trying to rip off the Iraqi citizens. Once you have an established exchange rate, no. 1310 is not established. It's a program rate.

Militia Man Article quote: "We are expecting a strong and robust economy with GDP growth of 5.3%...The giant strategic projects planned through 2028 confirm Iraq is on the verge of a major economic renaissance." That is a big increase...

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Good News Iraq's $87B Investment Boom

Edu Matrix: 5-20-2025

Iraq is experiencing a remarkable $87 billion surge in foreign investment, showcasing enhanced global confidence in its economy!

At the recent Tehran Dialogue Forum, Foreign Minister Fuad Hussein highlighted Iraq's commitment to being a regional peace mediator while supporting Syria's sovereignty. With ambitious plans in natural gas, petrochemicals, tourism, the Development Road Project, and agriculture, Iraq aims for full domestic gas production by 2028.

This investment boom not only strengthens Iraq's economy but also plays a crucial role in increasing the value of the Iraqi Dinar (IQD). Join us as we explore how Iraq is rising economically and diplomatically!

https://www.youtube.com/watch?v=6d1Dp-Mz9NI

DINARRECAPS8 5/21/25 DINARRECAPS8 5/21/25

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 5-21-25

Good Afternoon Dinar Recaps,

XRP NEWS: RIPPLE LAWSUIT IS NOT CLOSED, FORMER SEC LAWYER HINTS ‘BIGGER ISSUE’

▪️ Legal experts clarify Ripple-SEC lawsuit is not over; Judge Torres denied motions due to procedural errors.

▪️ False online claims spark confusion; attorneys warn XRP community to avoid premature conclusions about the case status.

There’s been a lot of chatter online lately about the status of the long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). While some legal experts following the case closely believe it might take a few more months before a final verdict is reached, misleading claims and rumours continue to spread on social media.

Good Afternoon Dinar Recaps,

XRP NEWS: RIPPLE LAWSUIT IS NOT CLOSED, FORMER SEC LAWYER HINTS ‘BIGGER ISSUE’

▪️ Legal experts clarify Ripple-SEC lawsuit is not over; Judge Torres denied motions due to procedural errors.

▪️ False online claims spark confusion; attorneys warn XRP community to avoid premature conclusions about the case status.

Recently, a user named Altcoin Bale posted on X, claiming that the case was already closed, banks were quietly buying XRP, and retail investors would soon be priced out. But this statement didn’t sit well with pro-XRP attorney Bill Morgan, who has been actively tracking the lawsuit.

Bill quickly responded, saying, “FFS the case is not closed, or did you miss the news last week about an unsuccessful motion for an indicative ruling and an Appeal and Cross-appeal in abeyance but not over.”

Another user replied to Bill, saying that the case had hit a procedural snag because both Ripple and the SEC submitted a dismissal request using the wrong form. According to them, this technical error led the judge to reject it.

However, former SEC lawyer Marc Fagel stepped in, clarifying that the situation was far more serious than just a simple paperwork issue. “That is not an accurate description at all. It’s a far bigger issue than that,” he commented.

Bill Morgan, expressing his frustration, remarked, “The XRP community don’t want to listen. They want to hear ‘case closed, XRP to the moon.’”

So What Actually Happened?

For the unversed, here’s what actually happened: Judge Analisa Torres denied both parties’ motions for an indicative ruling. In simple terms, the judge stated that if the court’s jurisdiction were restored, she would deny the motion as it was filed under the wrong procedural rule.

This means Ripple and the SEC will likely have to refile the motion correctly, and possibly plead their case once again.

While XRP supporters are eagerly awaiting good news, it’s clear from the legal experts’ comments that the lawsuit is still ongoing — and there are a few more legal hurdles to clear before any final outcome.

@ Newshounds News™
Source: Coinpedia

~~~~~~~~~

BRICS: US HITS INDIA WHERE IT HURTS THEM THE MOST: REMITTANCE TAX

US President Donald Trump is looking to hit BRICS member India where it hurts them the most — the remittance tax. The new tax proposal by House Republicans could impact a significant number of Non-Resident Indians (NRIs), as the bill aims to levy a 5% tax on remittances sent to India from the US.

The bill was first introduced last Monday, where international transfers from non-citizens to BRICS country India will face a 5% tax. The bill, if passed, will affect workers who send money back to their families in India. The 5% tax will be used to help fund tax breaks and also tighten border security measures.

5% Remittance Tax Could Soon Hit BRICS Member India

Trump has publicly called the legislation “great” and “one big beautiful bill”, and is also ensuring that Republicans pass the legislation. The 5% tax on remittances to BRICS country India will potentially fund billions to the US Treasury.

The latest report highlights that Indian workers send close to $83 billion a year in remittances back to their families in India.

Therefore, a 5% tax could add close to $4.15 billion to the US Treasury if the new bill is passed. Currently, BRICS member India is the world’s top recipient of remittances.

If $100,000 is sent back home, then the IRS gets $5,000 through the remittance tax. Until 2025, remittance was never taxed in the US, making it a first-of-its-kind policy.

Legislation Timeline and Enforcement

The House Republicans aim to pass the bill on Memorial Day, May 26, 2025. Lawmakers hope to get the law signed and roll into action by July 4, Independence Day.

Every financial institution and money transfer service will be tasked to collect the 5% remittance tax for money going to BRICS member India.

The rule will have no limit, and every transfer, including both big and small, will be subject to taxes.

@ Newshounds News™
Source: Watcher Guru

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Newshound's News Telegram Room Link

Follow the Roadmap

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Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Dinar Recaps 20 5/21/25 Dinar Recaps 20 5/21/25

News, Rumors and Opinions Wednesday 5-21-2025

Warnings of a Mega Financial Crisis

The Old Pretender: 5-20-2025

Warnings of a mega financial crisis are coming from so many major official sources now (ECB, Japanese PM etc), but the public won’t take notice until it actually happens. However, governments cannot lie this time that “nobody saw it coming”.

WallStreetGold: Japan's PM Ishiba warns: Financial crisis worse than Greece! 260% debt-to-GDP, aging population, shrinking workforce, stagnant economy, rising rates signal disaster. A default could tank U.S. Treasury markets, spike borrowing costs, and crash equities. Economic collapse looming!

Warnings of a Mega Financial Crisis

The Old Pretender: 5-20-2025

With so many advance warnings of a mega financial crisis now being made (from the ECB, Japanese PM, etc etc), when it arrives, the career of any western politician who failed to warn voters will be ended, because this time, they will not be able to claim, “nobody saw it coming”.

QueenGiGi: There's an analyst Leigh Goehring who has a pretty convincing theory that China is in the process of cornering the Silver market ! They're rapidly draining western vaults and accumulating above ground supply which will kill lbma and comex ! He believes the endgame is imminent !

Why are the western authorities letting this happen? Is it paradoxically because interfering with the manipulated paper market they created would be worse than its chaotic failure?

Almost 40% of respondents would bet their future on Basel III and the Rio Reset being nothing burgers, rather than take precautions by buying physical #gold and #silver before July.

TheOldPretender:

Source(s):
https://x.com/Dioclet54046121/status/1924661447188951127

https://dinarchronicles.com/2025/05/20/the-old-pretender-warnings-of-a-mega-financial-crisis/

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

Mnt Goat The TRUTH is the in-country RV and the Project to Delete the Zeros has not yet happened. The reinstatement back to FOREX has also not yet happened...If we look at all the VERY GOOD news today we can see the writing is on the wall. We are getting very near to this event.

Mnt Goat ...the 34th Arab Summit held in Baghdad this past Saturday, May 17, 2025...was a pivotal moment in strengthening Iraq’s regional economic role and consolidating its position as one of the most prominent players in shaping the Arab development map, at a time when it has risen to fourth place in the Arab world in terms of gross domestic product by 2025. This is just yet another ride on the RV choo-choo that Iraq took to strengthen its position even more. If later they are going to present a dinar rate much higher than most, if not all middle eastern countries, they better be able to back it up.

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COUNTERFEIT ZIMBABWE 50 TRILLION DOLLARS BANKNOTE

BankNote World : 5-20-2025

https://www.youtube.com/watch?v=49b4L0nbV-I

The Final Downgrade: Why the Dollar Collapse Just Became Inevitable

Taylor Kenny: 5-20-2025

The U.S. just lost its final AAA rating—and no one in power is talking about the real consequences. Rising interest rates, vanishing trust, and central banks dumping dollars for gold. What’s next?

https://www.youtube.com/watch?v=SJ3sKF4ie20

DINARRECAPS8 5/21/25 DINARRECAPS8 5/21/25

Seeds of Wisdom RV and Economic Updates Wednesday Morning 5-21-25

Good morning Dinar Recaps,

SHARK TANK’S KEVIN O’LEARY SLAMS SENATOR WARREN OVER GENIUS ACT: “UN-AMERICAN AND DANGEROUS”

▪️Kevin O’Leary blasts Elizabeth Warren for politicizing the GENIUS Act, calling her stance “un-American.”
▪️Warren opposes the bill over Trump-linked stablecoin ties and potential corruption loopholes.
▪️Despite the clash, the bipartisan GENIUS Act advances in the Senate, aiming to regulate stablecoins in the U.S.

Shark Tank investor and Canadian businessman Kevin O’Leary is firing back at Senator Elizabeth Warren over her opposition to the GENIUS Act – a bipartisan bill designed to regulate stablecoins in the United States.

O’Leary didn’t hold back, calling Warren’s stance “dangerous” and “un-American,” accusing her of blocking financial innovation by turning the bill into a political weapon against Donald Trump.

Good morning Dinar Recaps,

SHARK TANK’S KEVIN O’LEARY SLAMS SENATOR WARREN OVER GENIUS ACT: “UN-AMERICAN AND DANGEROUS”

O’Leary: Warren Is Politicizing a Vital Crypto Bill

As crypto regulation becomes a bigger part of U.S. policy, O’Leary argues that Warren is distracting from the GENIUS Act’s core purpose. He says the bill is about modernizing the American financial system through properly regulated stablecoins – not about Trump or meme coins.

In a post on X, O’Leary stressed that the bill has nothing to do with Trump and warned that dragging politics into the conversation could hurt the country’s ability to lead in global finance.

According to him, the GENIUS Act is a step toward strengthening the U.S. dollar’s role in digital payments around the world. He believes Warren’s opposition risks slowing innovation and letting countries like China pull ahead in the race for financial dominance.

“This is about establishing the U.S. dollar as the default currency for global price discovery,”
O’Leary said, dismissing Warren’s claims as “completely deranged.”

Warren’s Opposition to the GENIUS Act

Senator Warren opposes the bill, citing its ties to a $2 billion MGX-Binance deal involving USD1, which is a Trump-linked stablecoin.

She cautions that exemptions for senior officials, including the president, could give birth to corruption, claiming the bill risks “greenlighting the grift.”

Warren argues that the bill could allow Trump to regulate his own financial product, undermining transparency and public trust.

GENIUS Act Moves Forward with Bipartisan Support

Despite Warren’s strong pushback, the GENIUS Act recently passed a key Senate hurdle. Several Democrats who were initially skeptical have now supported a revised version of the bill.

The bipartisan support signals growing momentum for establishing clear regulations for stablecoins – something many in the industry believe is essential for the future of digital finance in the U.S.

You can best believe that the debate is not over.

@ Newshounds News™
Source: Coinpedia

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SINGAPORE DOLLAR STABLECOIN XSGD DEBUTS ON XRP LEDGER IN RIPPLE-POWERED PAYMENTS PUSH

StraitsX has launched its MAS-regulated stablecoin XSGD on the XRP Ledger to enable faster, low-cost cross-border payments, as part of a broader multi-chain expansion strategy.

The move marks the first phase of a larger partnership with Ripple aimed at building institutional-grade digital infrastructure focused on tokenisation and real-time financial services.

StraitsX Brings Regulated XSGD to XRP Ledger

Payment infrastructure firm StraitsX has added its Singapore dollar-pegged stablecoin, XSGD, to the XRP Ledger (XRPL) in an attempt to extend its regulated token into a faster, low-cost cross-border payment system.

The expansion was announced Monday and is part of the company’s multi-chain strategy to meet growing demand from fintechs, financial platforms, and digital asset developers seeking programmable, real-time transaction tools across borders, according to the press release.

StraitsX framed this as the “first phase” of a wider collaboration with Ripple focused on tokenisation. While details remain vague, the rationale is to build a regulated, institutional-grade digital infrastructure that goes beyond payments.

A Glimpse Into the Future of Finance

The availability of XSGD on the XRP Ledger is more than a deployment. It’s a marker of where financial infrastructure is heading. As digital money becomes embedded in the global economy, regulated stablecoins like XSGD will serve as the foundation for borderless, real-time, and compliant-ready financial services.

Singapore’s Web3 Hub is Expanding

XSGD was issued by StraitsX in 2020, fully backed 1:1 by reserves held with DBS Bank and Standard Chartered. The company is licensed by the Monetary Authority of Singapore (MAS) as a Major Payment Institution, placing XSGD among the few stablecoins with both regulatory oversight and multi-chain deployment.

XSGD has over 8 billion on-chain transactions already, and a circulating supply above 13.6 million tokens. The stablecoin is live on Ethereum, Polygon, Hedera, Zilliqa, Arbitrum, and Avalanche.

@ Newshounds News™
Source: Crypto News

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Dinar Recaps 20 5/21/25 Dinar Recaps 20 5/21/25

“Tidbits From TNT” Wednesday Morning 5-21-2025

TNT:

Tishwash: The Ministry of Finance is discussing with the World Bank the establishment of a permanent office in Iraq.

On Tuesday, May 20, 2025, Iraqi Finance Minister Taif Sami received a delegation from the European Bank for Reconstruction and Development to discuss joint cooperation, a number of economic and investment issues, and the establishment of a permanent office in Iraq.

The Ministry of Finance stated in a statement received by Al-Jabal that "the meeting focused on expanding the bank's role in Iraq during the next phase, particularly in the areas of supporting the private sector, financing small and medium-sized enterprises, and providing technical assistance to government agencies, in line with the priorities of the government program to improve the business environment and develop infrastructure."

TNT:

Tishwash: The Ministry of Finance is discussing with the World Bank the establishment of a permanent office in Iraq.

According to the statement, the two sides discussed "the progress made in the negotiations on the Host Country Agreement, which aims to enable the Bank to establish a permanent office in Iraq, facilitate its mission of providing technical and advisory support, and expand its network of cooperation with local institutions."

Potential areas of cooperation were also reviewed, including renewable energy, transportation, and modernizing the financial sector, which would contribute to attracting investments and stimulating economic growth. link

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IWFG1818: Continuation of the National Emergency With Respect to the Stabilization of Iraq

https://www.federalregister.gov/documents/2025/05/14/2025-08786/continuation-of-the-national-emergency-with-respect-to-the-stabilization-of-iraq#:~:text=For%20this%20reason%2C%20the%20national,declared%20in%20Executive%20Order%2013303.

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Tishwash: Oil Minister: The Iraqi Oil Services Center will transfer well revenues to the state treasury.

Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani Al-Sawad, explained today, Tuesday (May 20, 2025), that the establishment of the Iraqi Center for Oil Services will transfer financial revenues from oil extraction and well drilling to the state treasury instead of going to foreign companies.

Al-Sawad said in a statement to Baghdad Today, "The well-drilling operations require a number of supporting operations that will be under the control of the center, which will save money for the state treasury."

He pointed out that "the center has actually proceeded with updating specialized equipment in a number of oil companies, particularly the Basra Oil Company," explaining that "Basra Oil Company purchased some equipment years ago, and after its arrival in Iraq, the selling companies refused to deliver the software to Iraq. However, the company preserved this equipment, and it has now been updated, and it will enter service as important equipment in the oil sector."

Last Friday, the Oil Minister inaugurated the Iraqi Oil Services Center in Basra Governorate, a move he described as significant in achieving self-sufficiency in vital sectors. This move aligns with the government's directives and decisions within the government program, as well as creating national partnerships with the private sector and relevant entities in the oil industry. link

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Tishwash: PM Barzani, US Congressman discuss Erbil-Washington ties

On Wednesday, Kurdish Prime Minister Masrour Barzani discussed strengthening Kurdistan-US ties with Congressman Abe Hamadeh in Washington.

The meeting followed the signing of two energy agreements during Barzani’s visit, aimed at strengthening infrastructure and attracting foreign capital to the Kurdistan Region.

Energy remains a strategic sector for the Region, which continues to pursue independent development amid ongoing disputes with Baghdad over oil revenues and export authority.

Hamadeh, a US lawmaker of Kurdish descent, called the agreements a “positive development” for Iraq’s economy and stressed the importance of sustained engagement between Washington and Erbil.

Barzani then congratulated Hamadeh on his election to Congress, highlighting his support for Kurdish interests in US policymaking.

The Kurdistan Region has previously partnered with the United States in counterterrorism and regional stability initiatives. link

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Tishwash: The Minister of Finance discusses with the Iraqi Economic Council mechanisms to enhance investment opportunities.

Minister of Finance Taif Sami Mohammed received the head of the Iraqi Economic Council and his accompanying delegation. During the meeting, they discussed prospects for cooperation between the two sides, focusing on enhancing investment opportunities and developing economic partnerships.

The Minister stressed, according to a statement by the ministry, the keenness to open effective channels of communication with economic entities and support initiatives aimed at stimulating the investment environment, providing job opportunities, and driving the wheel of development.

Meanwhile, the Iraqi Economic Council called on the Ministry of Finance to support the Economic Investment Conference scheduled to be held in early June, through coordination and providing the necessary facilities for the success of its work.

The two sides stressed the importance of the conference contributing to highlighting investment opportunities in various sectors and attracting capital.

The Council delegation also stressed the importance of the ministry's participation in preparing workshops and discussions related to financial reform and developing the investment environment, as it is a pivotal body in formulating economic policies. link

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Mot: Dangerous game!

Mot: In Case Youv'e Been Wondering!!!!!

Dinar Recaps 20 5/21/25 Dinar Recaps 20 5/21/25

Are we Heading into a Systemic Meltdown?

Are we Heading into a Systemic Meltdown?

Kitco News: 5-21-2025

Gold demand just wrapped up its strongest first quarter since 2016, driven by a powerful confluence of factors that suggest investors are hedging against economic uncertainty, geopolitical instability, and the potential erosion of faith in traditional financial systems.

According to the World Gold Council’s latest Gold Demand Trends report, a surge in ETF inflows, relentless central bank buying, and booming retail demand, particularly in Asia, propelled the precious metal even as prices hovered near record highs.

Are we Heading into a Systemic Meltdown?

Kitco News: 5-21-2025

In a recent interview with Kitco News, Joseph Cavatoni, Senior Market Strategist at the World Gold Council, delved into the report’s key findings and their implications. The conversation explored potential drivers ranging from inflation hedging and de-dollarization to growing concerns about systemic market stress.

One of the most significant developments in Q1 was the dramatic reversal in ETF flows. After a period of outflows, gold-backed ETFs saw a remarkable surge in demand, accumulating a net 226 tons – the largest inflow since 2022.

This shift indicates a renewed appetite for physical gold as a safe-haven asset, potentially signaling investor unease amidst ongoing economic volatility.

Central banks continued their buying spree, adding significant quantities of gold to their reserves. China and Poland were particularly active, reflecting a broader trend of countries diversifying their holdings away from traditional reserve currencies.

This persistent demand from central banks provides a solid foundation for gold prices and highlights the metal’s enduring role as a store of value in a turbulent global landscape.

The robust demand for gold across various sectors suggests investors are increasingly concerned about the potential for fiscal instability and persistent inflation. Gold’s reputation as a hedge against inflation and a safe haven during economic downturns is clearly driving its popularity, as individuals and institutions alike seek to protect their wealth against eroding purchasing power.

Interestingly, the European Central Bank (ECB) recently identified gold as a potential systemic risk, warning of a potential liquidity crisis related to gold-backed assets.

While seemingly contradictory, this warning could be interpreted as a signal that gold’s growing significance in the global financial system is causing concern among regulators.

The conversation also touched upon the potential impact of U.S. tax reform on institutional gold demand. A more favorable tax environment could further incentivize institutional investors to allocate capital to gold, potentially amplifying the existing demand trends.

The surge in retail demand for gold is evident in unusual market behavior. Even retailers like Costco have reportedly limited gold sales, indicating the intensity of consumer interest in acquiring physical gold. This widespread participation underscores the perception that gold offers a tangible and reliable store of value in a world facing increasing uncertainty.

With all these factors converging to fuel gold demand, the question on everyone’s mind is: how high can gold prices go? While predicting future prices is inherently uncertain, some analysts suggest that the current trajectory could pave the way for gold reaching unprecedented levels, with some even mentioning a potential target of $4,000 per ounce.

The strong performance of gold in Q1 2024 paints a compelling picture of its enduring relevance in the modern financial landscape.

Fueled by a confluence of factors including economic anxieties, geopolitical tensions, and central bank accumulation, gold’s appeal as a safe-haven asset appears to be strengthening. While challenges and volatility are inevitable, the underlying demand drivers suggest that gold will continue to play a crucial role in portfolios seeking diversification and protection in an increasingly uncertain world.

https://youtu.be/kHx35QD0SJo

DINARRECAPS8 5/20/25 DINARRECAPS8 5/20/25

Seeds of Wisdom RV and Economic Updates Tuesday Evening 5-20-25

Good Evening Dinar Recaps,

Peirce Pushes Back: SEC’s Approach ‘Must Be Corrected’

Unlike Gensler, Peirce recognized the potential of crypto early on, going as far as proposing a safe harbor approach to regulating decentralized assets back in early 2020.

She refined her proposal in 2021 and discussed it once again on Monday. A safe harbor framework would involve acknowledging that some crypto assets may start out as securities but may no longer be classified as such over a period of time

Good Evening Dinar Recaps,

Peirce Pushes Back: SEC’s Approach ‘Must Be Corrected’

Unlike Gensler, Peirce recognized the potential of crypto early on, going as far as proposing a safe harbor approach to regulating decentralized assets back in early 2020.

For instance, tokens issued prior to a network launch for the purpose of funding development of the said network would initially be deemed securities but wouldn’t be subject to securities laws during a pre-determined grace period.

Once the platform is fully functional and its maintenance becomes sufficiently decentralized—and assuming this happens prior to the expiration of the grace period—the network’s token ceases to be a security and can trade freely in secondary markets.

But Peirce’s ideas were stymied by Gensler’s regulation-by-enforcement method, which decimated the industry and turned the SEC into crypto’s primary adversary. And on Monday, she stood in defiance of the former chairman, who once quipped, “Of the nearly 10,000 tokens in the crypto market, I believe the vast majority are securities,” at the 2022 installment of SEC Speaks.

With the newly appointed Chairman Paul Atkins in her corner, Peirce recounted the story of Samuel Whittemore, a hero of the eighteenth-century American Revolution, before tying it to her own revolutionary perspective: unlike Gensler, she believes most crypto assets are not securities.

“The most popular topic of discussion by far in written input and industry meetings has been security status,” Peirce explained. “My short answer to the question, ‘Are crypto assets securities,’ is that most currently existing crypto assets in the market are not.”

She went on to discuss many nuanced legal points, stressing the importance of economic realities and explaining that “the line demarcating transactions covered by the securities laws from those that are not, is still hazy.” She pledged that the SEC will continue its new journey of providing regulatory clarity, instead of wielding the stick of regulation by enforcement.

But by far, the most consequential of her statements was her take on the security status of crypto assets.

The commissioner then ended her speech with a final reference to Whittemore:

“Two hundred and fifty years after Samuel Whittemore made his stand behind the stone wall, I stand here today grateful for the freedom for which he fought,” Peirce said. “I hope that all of us can look up from the minutiae of the securities laws for a moment to celebrate a quarter of a millennium’s fight for freedom.”

@ Newshounds News™
Source: Bitcoin News

~~~~~~~~~

U.S. LEADS THE WORLD IN BITCOIN OWNERSHIP, NEW REPORT SHOWS

The U.S. leads global Bitcoin ownership and mining, with strong political backing and growing adoption across diverse demographics.

A new report from River reveals that the United States dominates Bitcoin ownership globally, holding about 40% of all available Bitcoin. With 14.3% of its population owning Bitcoin, the U.S. outpaces Europe, Oceania, and Asia combined.

Corporate America also leads in Bitcoin holdings. Thirty-two U.S. public companies, with a combined market cap of $1.26 trillion, hold Bitcoin as a treasury asset. These firms account for 94.8% of all Bitcoin owned by publicly traded companies worldwide. Major holders include:

Strategy with 569,000 BTC
U.S. mining companies with 96,000 BTC
Others with 68,000 BTC

Totaling 733,000 BTC in the U.S., compared to 40,000 BTC held elsewhere.

The U.S. has also emerged as the global leader in Bitcoin mining since China’s ban on Bitcoin mining in 2021. It is now responsible for 38% of all new Bitcoin mined since then.

The U.S. attracts miners due to:

Stable regulatory environment
Access to deep and liquid capital markets
Abundant energy resources

These advantages have helped the U.S. increase its share of the global Bitcoin mining hashrate by over 500% since 2020, solidifying its position as the center of the industry.

Bitcoin is also emerging as America’s preferred reserve asset, overtaking gold.
Over 49.6 million Americans are in favor of holding Bitcoin, compared to 36.7 million who still prefer gold.

The U.S. government’s Bitcoin advantage is now greater than that of gold, where the U.S. accounts for only 29.9% of the world’s central bank gold reserves.

“Because there is a fixed supply of BTC, there is a strategic advantage to being among the first nations to create a strategic bitcoin reserve,”
said the White House on March 7, 2025.

Political support for Bitcoin is surging in the U.S.
Currently:

59% of U.S. Senators
66% of House Representatives

Openly support pro-Bitcoin policies, signaling a significant shift in political sentiment and greater acceptance of digital assets as a key part of America’s economic future.

The study also reveals:

Bitcoin ownership is highest among American males aged 31–35 and 41–45
Ownership rates within these groups range from 3% to 41%
Politically, individuals identifying as “very liberal” or “neutral” are more likely to own Bitcoin
However, conservatives still make up a significant portion of holders

@ Newshounds News™
🔗 Source: Bitcoin Magazine

~~~~~~~~~

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Moody’s Stated The Obvious. But Trump Just Might Have Bought America More Time.

Moody’s Stated The Obvious. But Trump Just Might Have Bought America More Time

Notes From the Field BY James Hickman (Simon Black) May 20, 2025

In the year 1980, a young computer science grad student from the University of Washington named Burrell “Bud” Tribble accepted a job at a hot tech startup you might have heard of: it’s called Apple.

Tribble went to work directly for Steve Jobs on Apple’s most ambitious project at the time-- the Macintosh. And he quickly learned, along with the rest of the Macintosh team, that Jobs’ management style was relentless, maniacal, and irrational... bordering on insane.

Moody’s Stated The Obvious. But Trump Just Might Have Bought America More Time

Notes From the Field BY James Hickman (Simon Black) May 20, 2025

Steve Jobs famously dismissed his engineers’ doubts about whether they’d even be able to design such an audacious product. And he certainly didn’t care about minor inconveniences like the laws of physics or what was technologically achievable at the time. To Jobs, nothing was impossible. Full stop.

Tribble later enshrined this attitude as the “Steve Jobs Reality Distortion Field,” where a sort of techno-evangelism and intellectual swagger combined with unbridled optimism to bend the truth to whatever Jobs wanted to believe… or what he wanted everyone else to believe.

And most people were captivated by it; in fact, it was this Reality Distortion Field that transformed Apple’s customers into almost cult-like followers who camp out for days in advance of a new product launch.

It also had its drawbacks; in fact, the same Reality Distortion Field caused Jobs to almost bankrupt his company NeXT simply so that its desktop computer would be a perfect cube.

I thought about this recently because the Reality Distortion Field it’s the most appropriate way to characterize America’s fiscal condition.

The US national debt is now $36.2 trillion-- a number which will skyrocket in a few months after Congress increases the debt ceiling. If you count “off-balance sheet” debts, which include unfunded amounts owed to future Social Security and Medicare recipients, total liabilities are around $100 trillion.

And these are numbers grow worse at an alarming rate.

Federal spending has already reached a point where ALL government tax revenue is spent just on mandatory entitlements plus interest on the debt.

In other words, 100% of discretionary spending, which includes the military, national parks, and homeland security, must be financed with more debt.

Interest on that national debt is now more than military spending; and the annual interest bill is also growing very rapidly-- it will exceed $1 trillion this year, more than 20% of tax revenue.

If that weren’t bad enough, Social Security’s primary trust fund is set to run out of money in 7-8 years, resulting in an immediate cut to benefits on the order of about 20% to 25%. Bailing out the program will require trillions of dollars just as a down payment.

Yet just like Jobs routinely dismissed the extreme challenges of his projects, many of the major players in global finance dismiss the US government’s horrific fiscal condition.

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They look at the gruesome, unholy numbers and conclude, “Everything’s going to be fine, there’s no problem here.” It’s reality distortion at its finest.

The media. Big Wall Street banks. Politicians. Seemingly everyone has a vested interest in rejecting any concern over the US government finances.

Ratings agencies have also been under the spell of America’s Reality Distortion Field; these are the guys who are tasked with providing an honest assessment of a government’s creditworthiness. Yet for decades they insisted that America should still have the highest, pristine, AAA rating.

S&P was the first to break the spell more than 10 years ago, followed by Fitch. This past Friday, the last of the ‘Big 3 agencies’, Moody’s, broke the spell and exited the Reality Distortion Field.

All three have now downgraded America’s sovereign credit rating.

Do these agencies really matter, and have their downgrades really changed anything?

Not really. In theory, a lower rating means that the US government should have to pay a higher interest rate when it borrows money from the bond market. But sovereign ratings are pretty meaningless for wealthy countries.

Japan has a lower credit rating than the US, yet it still enjoys near-zero interest rates. Australia has a higher rating, yet the bond market demands much higher interest rates on Australian government bonds.

So ultimately, the Moody’s downgrade is really just a symbol of more and more major financial players escaping the Reality Distortion Field.

Another big group that’s starting to break the spell is foreign governments and central banks, who, for decades, have entrusted trillions of dollars of their savings to the belief of America’s endless power.

Yet from Joe Biden shaking hands with thin air to Liberation Day chaos to naval fighter jets falling into the ocean, the past few years have proven to them that America is no longer the trusted and reliable partner it once was.

This is why foreign governments and central banks started to diversify rather aggressively away from the US dollar beginning in 2023-2024. And this is a really big deal considering that foreign institutions own about HALF of all US marketable, fixed rate government debt.

Losing foreign demand for US dollars and US government bonds would require the Fed to print trillions of dollars make up the difference… which would almost certainly result in substantial inflation in the US.

And that leads me to the most important story from last week; it wasn’t Moody’s downgrade, which was simply stating the obvious. It was the President’s trip to the Middle East.

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Donald Trump is very much like Steve Jobs in his reality distortion; he seems to be ignoring the obvious, looming debt crisis based on a belief that America will always be OK.

Frankly, this approach is dangerous, because it encourages complacency, inaction, and inertia in Congress… hence the House’s push for a “Big Beautiful” bill which carries a $2 trillion annual budget deficit.

I would be much better for the country if the President were preaching fiscal responsibility and pushing Congress to cut spending. This isn’t happening.

Yet on the bright side, POTUS did manage to secure a substantial commitment from Qatar, Saudi Arabia, and the UAE.

I’m not talking about the reported trillions of dollars of investment, but rather the fact that relationships with those oil-producing nations have been cemented.

This is critical; as I wrote weeks ago, Saudi Arabia is the ironic linchpin that may secure the US dollar’s status as the global reserve currency.

Back in the 1970s when Richard Nixon took the US dollar off the gold standard, Saudi Arabia made a decision to continue its currency peg with the dollar.

Consequently, every other country on the planet that wanted to buy oil from Saudi Arabia (i.e. pretty much everyone) still needed to hold US dollars.

Saudi Arabia’s decision in the 1970s ensured that foreign demand for US dollars and US government bonds would continue.

Similarly, after what happened last week in Riyadh, it seems pretty clear that Saudi Arabia is making the same decision and will stick with the United States.

And that might just have bought America a little bit more time to get its act together. Hopefully it will be time well spent.

To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/moodys-stated-the-obvious-but-trump-just-might-have-bought-america-more-time-152819/?inf_contact_key=a5287f939c757a83374cceba1d931a589042a6429cc6d781f779b0d187b52794