Some Thoughts On Today’s Record High Prices

Some Thoughts On Today’s Record High Prices 

Notes From the Field By James Hickman (Simon Black) January 22 2025

Herbert Hoover was an unstoppable force in 1928.

The Roaring Twenties were in full swing. Prosperity (it seemed) was everywhere. The stock market was soaring. People were making money hand over fist. And Hoover was the ‘status quo’ Presidential candidate that year.

In other words, a vote for Hoover was a vote for the good times to continue. And the guy vanquished his opponent on election day, November 6, 1928, by one of the most lopsided margins in history up to that point.

So the euphoria continued. In the four months between Hoover’s election victory in November, and his inauguration in early March, the stock market soared by more than 20%.

Optimism was everywhere. And, convinced that asset prices would only go up, Americans borrowed heavily to buy shares on the stock market.

But it was less than eight months into Hoover’s presidency that the stock market crashed... and all that confidence quickly evaporated. The Dow Jones Industrial Average went on to lose nearly 90% of its value over the next three years.

Now, don’t get me wrong— I’m not predicting an imminent crash of the stock market. America’s economy today is fundamentally different than it was in 1929.

But there are some similarities.

One key similarity is that stock valuations, i.e. the amounts that investors are willing to pay for every dollar of a company’s earnings, revenue, and/or assets, are more stretched than they were even in 1929.

And the cause is also similar.

By 1929 the Federal Reserve was still pretty new; it had only been formed in 1913, and had spent most of the decade engaged in a rate-cutting monetary bonanza that fueled wild financial speculation.

Roughly nine decades later, the Fed engaged in a similar monetary bonanza as the pandemic began. They conjured trillions of dollars out of thin air and slashed rates to zero, sparking one of the most extreme speculative bubbles in financial history.

I’m sure you remember: even the most outrageous assets— meme stocks, shitcoins, and ‘artwork’ consisting of a banana duct-taped to the wall, traded hands for unbelievable prices.

Interest rates have risen significantly since then, and the Fed has made some efforts to make tiny reductions to the money supply. But most of the excesses still remain— hence historically high stock market valuations like Price/Earnings ratios, or the total stock market capitalization to GDP ratio.

If stock market valuations were to return to historic averages, it would require either a sharp decline in stock prices... or an extended period of stagnant market performance.

But again, I’m not predicting this is going to happen. There’s absolutely no reason why stocks can’t remain expensive... or become even more expensive. Historic averages are indicators of some deviation from the norm. But they don’t dictate immediate outcomes.

But for investors, this environment presents a dilemma. On one hand, it’s difficult to justify paying record high prices for assets at super-stretched valuations. Yet, again, on the other hand, historically high valuations don’t necessarily mean that a collapse or pullback is imminent.

But there is an alternative worth considering.

Early in his career, Warren Buffett favored an ultra deep-value strategy that focused on buying companies trading at steep discounts to their intrinsic worth.

Some of these businesses were of questionable quality. In a way, Buffett was willing to buy almost anything if it were cheap enough.

But soon his long-time partner Charlie Munger entered the picture and introduced Buffett to a transformative idea: instead of sifting through mediocre companies simply because they were cheap, why not seek out high-quality businesses with durable competitive advantages, even if they came at a higher— but still fair— price?

Buffett eventually understood the axiom: “it’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”

(Obviously it’s even better if you can find wonderful businesses at wonderful prices.)

Where can you find that today?

Well, it’s very difficult in the US. There are some wonderful businesses. But it’s hard to argue that a 100x Enterprise Value to Free Cash Flow ratio is a “fair price”.

But if you expand your horizons abroad, there are fantastic businesses around the world that trade for next to nothing. It seems like everyone is buying US stocks, but they completely ignore amazing deals overseas.

Another option we’ve talked about many times before is the real asset sector, i.e. vital resources and commodities such as metals, energy, agriculture, and productive technology.

There is a severe lack of investment in many of these real asset companies, to the point where certain commodities are becoming scarce relative to demand.

Uranium is a great example. There is now literally a supply deficit, i.e. not enough production to meet demand. And given the momentum for nuclear power, uranium is poised to become one of the world’s most important resources.

Gold is another example. For years, exploration has been lackluster, partly due to lack of investor interest in the sector. Remaining mine reserves are dwindling, and future gold production is questionable.

Yet demand for gold has skyrocketed— mostly from central banks who have been dumping their US dollars. So the gold miners who have efficient production, high quality mines, and solid reserves are making huge profits... yet their share prices have barely moved.

In other words, investors would rather pay 100x earnings for a popular tech stock than pay 3x earnings for a profitable, debt-free, dividend paying gold stock.

Again, the stock market could keep flying higher to even more dizzying heights. But there are definitely some excellent companies out there which offer profits, dividends, and substantial value— if you’re willing to look beyond the mainstream.

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

PS- We routinely name specific real asset companies, which we believe are primed to boom under these conditions, in Schiff Sovereign Premium.

We focus on businesses which have valuations just 4 or 5 times their yearly free cash flow, and often pay out a lot of those profits through dividends.

https://www.schiffsovereign.com/trends/some-thoughts-on-todays-record-high-prices-152000/

“Tidbits From TNT” Thursday Morning 1-23-2025

TNT:

Tishwash:  Al-Haimus: We were able to increase the business of the Iraq Stock Exchange by about 16 percent

The Chairman of the Securities Commission, Faisal Al-Haimus, announced today, Thursday, that the Commission was able to increase the business of the Iraq Stock Exchange by about 16 percent, while pointing to cooperation with the World Bank on governance.

Al-Haimus told the Iraqi News Agency (INA): "During the past year, we were able to increase the business of the Iraq Stock Exchange by about 16 percent," expressing his "hope that the current year will be a stronger start on the subject of benefiting from the agreements signed with the Abu Dhabi Financial Market and the Saudi Market, which will help attract investors from abroad and increase the business of the Iraq Stock Exchange."

Al-Haimus added that "cooperation has been made with the World Bank on governance, and we will have completed it by the end of the first quarter of this year." link

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

Tishwash:  Al-Mashhadani: Iraqi-American relations will remain stable under Trump

Parliament Speaker Mahmoud Al Mashhadani expects bilateral relations between Iraq and the United States to stabilize under the new US President Donald Trump.

Al-Mashhadani said in a televised statement: "Trump's agenda is economic, not military, and he wants to put out fires and wars. Iraq is an oil country with many resources, and relations with America will remain stable."

He explained that "the Popular Mobilization Forces are a security institution and their existence is legal and linked to the Commander-in-Chief of the Armed Forces. The factions outside the control of the Commander-in-Chief of the Armed Forces are the ones being discussed.

" Al-Mashhadani ruled out "the United States and Iran going into conflict."

He pointed out that "if we need the presence of the international coalition, they will remain, and otherwise we will deal with it in the old way, which is negotiation," stressing that "coordination between the presidencies is at the highest levels."

The Speaker of the House of Representatives considered that "the current parliamentary session was born weak, and the election year is the weakest in terms of legislative and oversight productivity," noting that "the resolution of the accountability and justice file will be judicial." link

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

Tishwash:  Hantoush: Electronic payment reduces the cost of paper currency and supports economic transparency

Researcher and specialist in financial and banking Mustafa Hantoush confirmed today, Tuesday, that electronic payment reduces the costs of paper currency and supports economic transparency.

Hantoush said in a statement to the Al-Maalouma Agency, “There are major developments in the electronic payment sector in Iraq,” noting that “the government has formed a special committee in cooperation with the Central Bank to support this system.”

He pointed out that "the value of electronic payment in Iraq witnessed a huge leap, as it did not exceed 300 billion dinars during the years 2020-2021, but today it has reached 10 trillion dinars," indicating that "this development was accompanied by a significant expansion in the use of financial technology within state departments, as the number of government departments that rely on this system increased from only 8 departments to more than 600 departments.”

He added, "The number of point-of-sale (POS) devices has witnessed remarkable growth, jumping from 8,000 devices to more than 40,000 devices, reflecting the rapid expansion in the infrastructure needed to implement electronic payment systems."

He explained that "electronic payment exempts the state from the high cost of printing paper currency, in addition to providing solutions to the cash liquidity crisis. It also enables the government to accurately read the market, monitor profitable sectors, and determine the locations of money flow, which contributes to strengthening the national economy."

He pointed out that "the government has succeeded in marketing the culture of electronic payment, but it still needs to exert more efforts to enhance public awareness about the importance of this system and increase reliance on it." link

***********

Mot: run spot run

Mot: Good Thing Florida Was Ready fer Da Snow!!!!

MilitiaMan & Crew Iraq Dinar News-Global Achievements-Globalism-Balance-Stability-Back to an Era-Commitments

MilitiaMan & Crew Iraq Dinar News-Global Achievements-Globalism-Balance-Stability-Back to an Era-Commitments

1-22-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

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

Bruce’s Big Call Dinar Intel Tuesday Night 1-21-25

Bruce’s Big Call Dinar Intel Tuesday Night 1-21-25 

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It's Tuesday, January 21st and you're listening to the big call. Welcome everybody from all around the globe, as we are currently under day two of the new Trump administration and the new Trump presidency. And I'm excited as a result of everything that happened yesterday during the inauguration and the new direction that our country is going in now - so I'm excited Let's go ahead and pray the call in

Bob. Thank you very much. I appreciate it. Let's, let's talk about where we are in the Intel world.  First of all, I want to say something that I found out.

Oh, I don't know when was it? Maybe between the last call we had, which was last Thursday, and then five nights later we've got the Tuesday night call. Well, in the last what I'm going to call it, three or four days, I heard something that really blew my mind.

And that was you guys, know, I've been talking about, this could go at any moment. This can go under Biden. This can go before President Trump gets back into the Oval Office. This can Well, you know what? I was misinformed, and I misinformed you guys.

 This could not go before President Trump made his way back into the Oval Office, and the information we were getting might have been coded, and we took the code wrong, or whatever happened.

But I have a MEA CULPA??, but my fault, my bad. I just wanted to tell you guys, I'm sorry that I misinformed you about that Intel. Because one side of me was saying, I don't know, I don't know if it's going to go before Trump's back. I don't know.

And the other was saying, Well, I'm being told again, I'm being told it can go out. You know, we can get this thing started? Well, evidently, the truth was, it couldn't go until after President Trump is back in.

The good news is he is back in as of yesterday, the 20th of January, probably would have saved us all a little bit of headache and a little bit of worry and a little bit of whatever.

But now that we've crossed that threshold that President Trump is back and just killing it on executive orders and policies and getting back hostages and everything, finishing the wall. You know, guys, I don't know I, I don't know about you, but I just, I just have to put the last four years in our rear view mirror. Yes, we did some good things.  And I have good news.

And the good news is that we are moving forward. Listen, we had heard that we would start today, Tuesday, with our notifications and set appointments to start tomorrow.

And then we were told later on this afternoon, like two or three of our better sources that, nope, it wasn't going to be today, but it is going to be tomorrow. Well, fortunately, we asked, Why didn't it go yesterday? Or, excuse me, why didn't it go today Tuesday?

And it ends up that there were three factors. One was to get the proper green light from the US Treasury, and that is the new Restored Republic Treasury

That number two, we needed Iraq to do something, which we think is publish their new rate, Wednesday, tomorrow morning, in their Gazette, their official publication could be a new rate or the published in the Gazette.

That's my gut on it, because we don't know it absolutely and three, Iran, oh, my God. What about it? Well, President Trump had a meeting with two of his generals discuss the problem in Iran, and had to do with the funding of solve that problem on the phones with Iran at 1:30 today.

So are all three of those things out of the way? I think they will be once Iraq does what they are going to do, and that will sensibly be tomorrow morning by putting the new rate in the Gazette. Let's hope that all three of those things are no longer issues that we have to deal with.

We are moving forward now. Here's the remember, I had a timeline, which I like a timeline? I like to see things in a linear fashion that are happening like that.

One aspect that was we have to pay off the fines and penalties  -- adjudicated settlements -  like  CMKX and any others that are there  and intermediaries, which are Farm Claims -  Native American claims, those were already paid, but not sure if everything's complete on that.

Any other intermediaries that would be considered like, that's like first, and that should happen overnight, tonight or tomorrow morning, overnight tonight or in the morning, and then at nine o'clock in the morning tomorrow, that's Eastern Time, we should have the admirals groups funded either into their individual bank accounts, which could happen in some cases, or most likely, into their quantum account that they Need to activate with their quantum card, just like we have to activate our quantum account after our exchange so that. And then, when will they get notified?

Do they get notified right nine in the morning, or do they notifications to confirm what has happened for them throughout the day tomorrow? And then when are we supposed to be notified? Well, we're supposed to be notified at noon, and it's noon in each time around noon.

Don't hold me to 12 noon exact, but it could be exact. Could be a little before, a little bit after it's going to be around noon, because one of the one of the pieces came to us talking about when we're ready to pop our champagne corks at lunch tomorrow. So that's signifying lunchtime or noon.

We should be getting our notifications on tier 4b or the Internet Group. Now my theory has been for a couple of years, at least. It would make sense if it was noon in every time zone. Noon, Eastern, noon central, noon, mountain and noon pacific and even noon Alaska, noon Hawaii.

As we go through from east to west, and it appears that that was correct, that that would be the case. So in a way, it's a staggered start from tier 4b with us getting notified essentially an hour apart, based on the time zone that we're in, eastern central mountain or Pacific.

So that's what was brought out to me today with clarification. And I just think we're looking very good to get started with this. I You know guys, I hope they have solved whatever the and I know that they have whatever the problem was with with Iran.

 I know that Iraq has already and not ready, ready and not ready, and they should be ready. We know their lower denominations are out, not only in the ATMs, but also in the airport kiosk and also in businesses throughout the country. And so how much more ready to have to be?

Do they have an international rate?

Yes, and we've known this, and it seems like they were going to get new international rate on Sunday this past Sunday, but I haven't been able to confirm it, and our contacts in Iraq don't want to put that in writing. They don't want to send it to us in a text or an email.

So we don't we don't really know exactly where it is now we know that our rate at the redemption center for the dinar is they plan to offer us the contract rate, which is tied to the per barrel price of oil and use North Sea Brent crude, if you want to check that, that seems to be about The price that Iraq is selling oil for and we know that we have a rate on Dong That is very good, and we know that the Zim is on par with the US dollar.

Now, one other thing that is interesting for us is when it comes to the direction, was I going?

Well, we're looking to get notified tomorrow, and with any success, we set our appointments tomorrow that could start in some jurisdictions as early as Wednesday afternoon - some markets with us, with different demographics may start on Thursday.

So Wednesdays,  setting appointments Thursday exchanges start. Except in some markets, they might start on Wednesday, but there's a high concentration of currency holders , like in parts of Florida, in other parts of the country, Texas, maybe, you know, they may start a little earlier.

They might start tomorrow, afternoon, evening, provided the numbers do come out around noon, central time for Texas, Eastern Time, of course, for Florida. So we're excited to see all that occur and see that begin.

As far as we know, and that's always a caveat, as far as we know, there is nothing else to hold us up from going.  Really, we should get, we should get some disclosure of events in the month of February and March, and we should have those of us who are currency holders that are going in for currency exchanges and redemption of the Zim currency, slash bond, as they do Consider it a bond because of its intrinsic value.

So we will get recently complete that thought. So we're going to be doing that at the redemption centers and realize this, but the Zim is not something that's going to be handled at the banks. You need to set an appointment to go into the redemption center to redeem your Zim

Also, there's no contract rate for the dinar, as we're being told at banks, but only at redemption centers. So it's really a good idea to set the appointment and go in your appointment done in 40 minutes or less.

And if you're a Zim holder and you've got some you've got projects, you want to let them know in probably more like three to five minutes. We used to say five to eight minutes. Probably you have about three to five minutes to explain the overview check.

 And that's eally great. It's going to go quickly. I think the appointment go just, boom, boom, boom. It's going to go pretty quickly. There's a lot to get done. You know, with the setting up of your initial account and your account, you've got a Wells Fargo account and a quantum account.

You know you'll be signing the NDA early in the oil and it's probably right at the beginning, when you're when they're going through the Know Your Customer, see who you are. They know who you are already.

 So even the identification of who you are with your ID, with your utility bill, it's going to go very quickly. They're not, they don't they don't want receipts, bona fide currency. You're fine. That delarue machine  is going to take off running, and it's going to count  and verify currency quickly - Multiple currencies.

Just help them out. If you've got several, four or five different currencies, make sure you have each one in a separate little, little envelope, or saying where, you know where they obviously do Dong, and then do dinar, and then do Zim they probably will want zim first, but whatever, and then rupiah - Afghani.

And don't forget your Venezuelan Boulivar, if you have that and so on, they'll just go right through them and keep a tab on it. And what I was going to say is your r, and r, if you're a currency holder, it could very well already be in your quantum account.

 So the idea of getting a direct deposit into your Social Security bank account, not your social security, but in your bank account where you get your Social Security, if you're 62 and older and already, okay, here's, here's the thing.

We found out that the servers that handle social security are limited in that they can't deal with anything over $500,000 - okay, so the point is, they're not capable of hailing the amounts as a direct deposit to our accounts because of the server limitation. So we should see our lump sum r and r lump sum coming to us at the redemption center.

Now, what they do with other folks that aren't on Social Security, that are 60 and older? I'm not quite sure. And you know, there are three tiers of groups.

The first tier, let's call it called Group A, are people that are 30 to 45 years of age. They'll get their R and R restitution reconciliation allowance is another word I said their R and R over three years. So three times 12 is 36 -- 36 monthly installments. Let's call it to them, and that should start in the month of February.

Okay, people of that age group, 30 to 45, to 60, that there's a group that will get theirs over two years. 2024 12 times two is 2424 moments, they will also begin to receive there in the month of February.

 So we're the ones in the group say. We say anybody that's 60 and older that is exchanging currency should have it in there, in their  quantum account and then your quantum card to move those funds from your quantum account into your wells, Fargo primary account, and then eventually, when you get account set up, if you need to, you'll have secondary accounts under the primary and both of those primary and secondary Wells Accounts will earn interest at a rate of at least 12% which is phenomenal.

And I'm going to ask that mine would be paid out as well percent as APY and that's received that I'm going to take it quarterly. I think it's probably payable monthly, but I'd rather take it as a lump sum every quarter and see that in my account that way.

So it would obviously take 90 days for that interest to be accrued and for it to be applied and put into that account without going to do it. We'll see, obviously work with that.

So that's really the gist of what I had to say tonight. I don't know that there's anything else that we need to know right now but to get the toll free numbers, which is tomorrow at noon, ish, noon ish, tomorrow, and then we should be able to call set our appointments in exchange on Thursday, with some exceptions that might be going In high demographic care services tomorrow, afternoon or evening.

When we get that and we'll also start any podcasts that I do, that does that, we can forward to you, and then you click on them and just listen to them, you know, at your own choice, but we're going to communicate with you after these numbers come out. If conceivable Thursday, we would do a celebration call tomorrow and start exchanges on Thursday. I believe we will probably still do a short celebration call Thursday night at the regular time.

So stay tuned for that possibility. All right, so let's pray the call out, and we'll look forward to giving everything that we're looking for tomorrow. Let's do that.

 Thank you big call universe for tuning in and listening over the past 13 years. Everybody have a beautiful night's sleep tonight. Let's see what occurs.

Bruce’s Big Call Dinar Intel Tuesday Night 1-21-25 REPLAY LINK   Intel Begins   1:18:45

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Bruce’s Big Call Dinar Intel Thursday Night 1-16-25 REPLAY LINK   Intel begins   1:18:58

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Bruce’s Big Call Dinar Intel Tuesday Night 1-14-25 REPLAY LINK   Intel Begins  1:03:43

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Bruce’s Big Call Dinar Intel Thursday Night 1-9-25 REPLAY LINK   Intel begins   1:14:34

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Bruce’s Big Call Dinar Intel Thursday Night 1-2-25 REPLAY LINK   Intel begins   1:14:54

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Bruce’s Big Call Dinar Intel Tuesday Night 12-31-24 REPLAY LINK   Intel Begins  54:44

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Bruce’s Big Call Dinar Intel Thursday Night 12-26-24 REPLAY LINK   Intel begins   1:07:27

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Bruce’s Big Call Dinar Intel Tuesday Night 12-24-24 REPLAY LINK  NO CALL

Bruce’s Big Call Dinar Intel Thursday Night 12-19-24 REPLAY LINK   NO TRANSCRIPTION

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Bruce’s Big Call Dinar Intel Tuesday Night 12-17-24 REPLAY LINK  Intel Begins 1:03:33

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Bruce’s Big Call Dinar Intel Thursday Night 12-12-24 REPLAY LINK   Intel begins   56:16

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Seeds of Wisdom RV and Economic Updates Wednesday Evening 1-22-25

Good Evening Dinar Recaps,

COINBASE SEEKS COURT RULING TO CLARIFY CRYPTO TRADES AND CHALLENGE SEC’S AUTHORITY: BLOOMBERG

As per a latest Bloomberg report, Coinbase Inc. asked the Second Circuit to say that digital token trades on its platform aren’t transactions governed under federal securities law.

“There is no more pressing issue in securities law today than the scope of the Securities and Exchange Commission’s authority to regulate secondary trades of digital assets,” Coinbase said in its petition docketed in the US Court of Appeals for the Second Circuit. The appeals court could “clear away the cloud that currently hangs over the cryptocurrency market,” it noted.

Second Circuit Ruling Could Accelerate Resolution

Notably, A decision by the Second Circuit stating that token trades aren’t securities transactions could speed up the end of the SEC’s case against Coinbase and ease US crypto regulations. The Trump administration has indicated that it will provide crypto companies with greater regulatory flexibility.

The case gives the appeals court a chance to weigh how it should apply the “Howey test” to crypto transactions. 

Coinbase argued in its brief that trades on its platform are not investment contracts, but asset sales. The US District Court for the Southern District of New York granted Coinbase’s request to seek an immediate appeal earlier this month in an SEC enforcement suit.

The US Chamber of Commerce and Blockchain Association have filed briefs supporting the Second Circuit’s review of the Coinbase case. 

They highlighted that the lack of clarity on whether crypto trades are investment contracts could have negative effects, as federal courts remain divided on the issue.

The Need For Legal Clarity

The SEC sued Coinbase in 2023, accusing the platform of operating as an unregistered securities exchange. Coinbase argues that its crypto trades aren’t investment contracts and thus not under SEC jurisdiction.

Coinbase’s chief legal officer emphasized the need for legal clarity on this issue. Meanwhile, Trump’s SEC has created a “crypto task force” to develop a clear regulatory framework, and the US Court of Appeals has ordered the SEC to explain its refusal to provide crypto-specific rules.

@ Newshounds News™

Source:  Coinpedia

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REPUBLICANS SEEK TO OVERTURN IRS CRYPTO BROKER RULE

Corresponding resolutions were introduced to “roll back the disastrous” rule requiring custodial brokers to report transactions

Congressional Republicans are working to reverse new IRS guidelines that require so-called “custodial brokers” to report transactions.

Rep. Mike Carey and Sen. Ted Cruz this week introduced corresponding resolutions seeking to “roll back the disastrous IRS broker rule.”

The legislation comes weeks after a group of crypto lobbying firms sued the IRS over the rule. They claim the requirement “exceeds the agencies’ statutory authority, violates the Administrative Procedure Act (“APA”) and is unconstitutional.”

As it currently stands, starting in 2025, custodial brokers are required to report gross proceeds. In 2026, they will have to report cost basis for certain transactions
.
The final version of the 1099-DA form was published at the end of last year. While earlier drafts had included a section where brokers had to identify their “type” of business, the final form nixed this box. It’s a small change, but by cutting this section the IRS more or less punted the issue of DeFi actors.

Even so, those opposed to the rule claim that the rule still imposes unfair reporting obligations on intermediaries and other actors in the crypto space.

The resolutions have some co-sponsors (Sens. Cynthia Lummis and Tim Sheehy, to name a few), but neither have been scheduled for a markup or vote just yet. This is a hot-button issue in the crypto space though, so we’d expect companies to be directing a significant amount of their lobbying efforts here.
@ Newshounds News™

Source:  Blockworks

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COINBASE CEO: EXCHANGE WILL DELIST USDT IF AUTHORITIES DEMAND IT

Coinbase CEO recently stated that his exchange would delist Tether’s USDT if authorities demand it or if Tether fails to comply with new US laws.

New Stablecoin Regulations on Horizon

Coinbase Global CEO Brian Armstrong has said his cryptocurrency exchange would have no choice but to delist the stablecoin issued by Tether, known as USDT, should authorities demand it.

Armstrong, who has lobbied the U.S. to create a cryptocurrency framework, added that Coinbase would take similar action if Tether fails to comply with any new U.S. laws.

However, according to a Wall Street Journal (WSJ) report, the CEO acknowledges that many of Coinbase’s users hold the stablecoin, and the company’s desire is to preserve this status quo.

Armstrong’s remarks about the possibility of Coinbase completely delisting USDT from its platforms come a month after the crypto exchange delisted the stablecoin on its platform used by Eurozone residents.

As reported by Bitcoin.com News, months before the delisting, Coinbase, which is a shareholder in another stablecoin issuer Circle, framed the move as part of its efforts to adhere to new rules requiring issuers to obtain an e-money license from a European Union member state.

The new rules also obligate stablecoin issuers to hold a portion of their reserves in cash at banks, something Tether reportedly opposes.

“There are a lot of people with tether, and we want to give them an off-ramp, if we want to help them transition to a system that we think is more secure,” Armstrong said.

With the U.S. set to shift its stance under Donald Trump, some believe that two stablecoin bills seeking to require stablecoin issuers to hold U.S. Treasury bonds will be passed. If enacted, such a law would compel Tether and other stablecoin issuers to liquidate non-U.S. Treasury assets.

Late last year, Tether, which posted a net profit of $2.5 billion in the third quarter of 2024, claimed to hold over $105 billion in cash and cash equivalents, with a notable $102.5 billion in direct and indirect exposure to U.S. Treasuries. Furthermore, the stablecoin issuer disclosed that it held assets, including precious metals and secured loans, with a face value of just over $20 billion.

While the enactment of laws proposed by U.S. lawmakers would require Tether to convert these assets to U.S. Treasury bonds, the WSJ report acknowledged that neither bill has made significant progress.

@ Newshounds News™

Source:  Bitcoin News

~~~~~~~~~

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Alasdair Macleod: We are Starting to See Advanced Institutional Demand for Gold

Alasdair Macleod: We are Starting to See Advanced Institutional Demand for Gold

Palisades Gold Radio:  1-22-2025

Tom welcomes back Alasdair Macleod, Head of Research at GoldMoney to discuss his insights into the silver market and its relationship with gold prices.

He suggests that despite a seemingly undersupplied market, the price disparity between gold and silver does not reflect this reality. Macleod anticipates a significant shift in investor behavior once patience runs thin among those who have already bought into gold but yet to enter the silver market.

The role of foreign investors, particularly central banks, in driving gold prices is highlighted. Macleod also emphasizes the importance of understanding the impact of the ongoing credit bubble on financial markets and encourages listeners to consider reducing their exposure to credit.

Alasdair expresses his views on Donald Trump's impact on gold prices, citing increased foreign demand due to Trump's status as an inflationist and his executive orders. However, concerns over tariffs and potential economic repercussions remain.

Macleod also touches upon historical examples of tariffs and interest rates and their relationship with an economy's purchasing power.

He emphasizes the importance of understanding this connection for investors during the upcoming credit bubble.

 Throughout the conversation, Alasdair highlights the importance of considering global economic trends and various factors influencing gold and silver prices. He also discusses the role of speculators versus central banks in driving these markets and the potential for a significant shift once investor sentiment changes.

Time Stamp References:

0:00 – Introduction

 0:39 - Trump & Macro Picture

 10:30 - Trump Inflationist

 15:26 - Strong Dollar Impact

19:24 - Debt, Yields, & Economy

26:18 - Global Bubbles & Dollar

33:04 - Gold Industry & ETFs

36:47 - Speculators & Price

 39:52 - Tariffs & C.B. Buying?

41:49 - Silvers Underperformance

 49:05 - Tariffs & Consequences

50:16 - Silver Supply Outcomes?

56:06 - Biggest Bubble & Wrap Up

https://www.youtube.com/watch?v=42xH9ZsIjzs&t=23s

Short Wednesday Evening chat With MarkZ 1-22-2025

Wednesday Evening chat With MarkZ

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: RV there yet?

Member: Hang in there:  ​​Winners never quit and quitters never win!

Member: Mark-your take on what we are waiting for? Not sure what obstacles there could be?

Member: Do you think Trump knows when we'll RV?

MZ: I do know someone from inside the new administration who has absolutely every reason to be “up to speed” because of where they are at. They are saying that the value change in currencies is on the absolute top of their list. It was reassuring to hear that from a political source that this is a priority. . Also this person is a currency holder.  This revaluation would fix a lot of problems. I cannot say more without getting into lots of trouble.

MZ: In Iraq: “Personal financial strategies to face economic fluctuations in Iraq”  I love that their government is telling them how to “recession proof themselves.

Member: Anything from historic bond contacts?

MZ: I am really surprised not to get more bond updates today. They have heard they are now off of “stuck “ now that the new admin is in office. They were told that they should expect their final paperwork and first payment on Thursday this week….so….we wait and watch.

MZ: It was a really slow news day today.

Member: I bet it’s the calm before the storm .

Member: Thanks Mark and mods….sweet drams everyone.

Mod: PLEASE JOIN US AT 8:00 PM FOR WHISKEY AND WISDOM. HOPE TO SEE YOU THERE

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Youtube:     https://www.youtube.com/watch?v=ghkh4A4lFZU

Iraq Economic News and Points to Ponder Wednesday Afternoon 1-22-25

Expert: 70% Of Iraq's Remittances Are Controlled By Jordanian And Gulf Banks

Buratha News Agency992025-01-22  Economic expert Ahmed Abdel Rabbo confirmed today, Wednesday, that Jordanian and Gulf banks control more than 70% of financial transfers in Iraq, noting that the dollar is delivered to only four Jordanian and Gulf companies.

Abdul Rabbo said in a statement to / Al-Maalouma /, that "Jordanian banks did not provide any real services to Iraq," adding that "closing the dollar selling platform opened the way for Jordanian and foreign banks to take over the Iraqi financial market, which raised questions about the role of Iraqi financial institutions in this regard."

He pointed out that "Jordanian banks control more than 70% of financial transfers in Iraq," explaining that "this control constitutes a direct harm to Iraq's sovereignty and financial decisions, especially with the absence of any effective role for these banks in serving the Iraqi economy."

He called for "reviewing financial policies and strengthening the local role to ensure the stability of the country's financial sector."

Reports indicate that 8 Jordanian and Gulf banks control money transfer operations in Iraq, which led to these banks controlling the flow of dollars into the country. This control forced the exclusion of more than 1,000 Iraqi banks and offices, raising concerns about negative effects on the local economy and financial sovereignty.  https://burathanews.com/arabic/economic/455449

Exchange Rates Fall Against The Dinar In Baghdad And Erbil With The Closing

01/22/2025  Mawazine News – Economy  The US dollar exchange rate fell against the Iraqi dinar on Wednesday in the markets of Baghdad and Erbil, the capital of the Kurdistan Region, with the closing of the stock exchange.

The dollar exchange rate also fell with the closing of the two main stock exchanges in Baghdad, Al-Kifah and Al-Harithiya, to record 150.850 dinars per 100 dollars, while the dollar exchange rate this morning recorded 151.000 dinars per 100 dollars.

The selling prices in exchange shops in the local markets in Baghdad stabilized, where the selling price reached 152.000 dinars per 100 dollars, while the purchase price reached 150.000 dinars per 100 dollars.

In Erbil, the dollar also fell, where the selling price reached 150.700 dinars per 100 dollars, and the purchase price reached 150.600 dinars per 100 dollars  https://www.mawazin.net/Details.aspx?jimare=258898

Gold Soars To 11-Week High Amid Weak Dollar

01/22/2025   Mawazine News – Baghdad  Gold prices rose to an 11-week high in early Asian trading on Wednesday, supported by a weaker dollar and increased demand for safe havens due to uncertainty surrounding U.S. President Donald Trump's trade policies.

Price Update Spot gold was up 0.1 percent at $2,748.58 per ounce by 0105 GMT, after hitting its highest since Nov. 5 earlier in the session. U.S. gold futures were up 0.1 percent at $2,763.40, according to Reuters data. Trump declined to impose tariffs on his first day in office, pushing the dollar lower. A weaker dollar makes gold more attractive to foreign buyers. Gold is considered a safe-haven investment during economic and geopolitical uncertainty.https://www.mawazin.net/Details.aspx?jimare=258872

Al-Sudani Issues Directive To Ministries Concerned With The "Development Path"

Construction and reconstruction   Economy News – Baghdad  Today, Wednesday, Iraqi Prime Minister Mohammed Shia Al-Sudani directed the state ministries and institutions concerned with the Development Road Project to submit their data to Oliver Wyman Company, in order to prepare an integrated vision for the project.

This came during his chairmanship of the first periodic meeting of the year for the Higher Committee for the Development Road Project, in the presence of representatives of Oliver Wyman Company, which is concerned with providing consulting services for the project, according to a statement issued by his office.

Al-Sudani was briefed on the latest procedures related to the development road project and the stages of completion of the five projects of the Grand Faw Port, stressing the need to address the challenges facing the implementation of these projects quickly to ensure adherence to the specified timetables.

The Prime Minister also listened to a detailed presentation by the consulting company on the economic model for the Development Road Project, stressing the importance of keeping pace with the latest developments in the field of modern technologies and techniques.

The meeting also witnessed a review of the security plan for the project, in addition to presenting the results of the last quadripartite ministerial meeting held to discuss the development road project in the presence of the transport ministers from Iraq, the UAE, Turkey and Qatar. https://economy-news.net/content.php?id=52198

Industry Announces The Start Of Work On The Electronic Trademark Registration System

Ministry of Industry and Minerals  Money and business  Economy News – Baghdad  The Ministry of Industry and Minerals announced, on Wednesday, the launch of the electronic trademark registration system, while indicating that the system will contribute to shortening time, accelerating procedures, and reducing errors.

The ministry's spokeswoman, Dhuha Al-Jubouri, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "in implementation of the government program and after the Minister of Industry and Minerals, Khaled Battal Al-Najm, announced the start of work on the electronic registration system for trademarks through the Ur electronic portal for government services and to simplify procedures, all beneficiaries of the services of the Trademark and Commercial Data Registration Directorate must use the electronic system and abandon paper work,

" calling on "all satellite channels to register the name of each satellite channel in the Trademark Registration Directorate to guarantee the rights to the name and logo of each satellite channel."

She added that "the ministry has taken its first steps towards digital transformation by completing the digitization of 100,000 files through intensive self-efforts with the use of artificial intelligence and according to specific technical mechanisms and solutions to reach an accurate image of the trademark and then move to electronic examination of the trademark."

She pointed out that "this matter will contribute to shortening time, accelerating procedures and reducing errors."    https://economy-news.net/content.php?id=52205

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 1-22-25

Good Afternoon Dinar Recaps,

BRICS: 40 COUNTRIES LOOK TO DITCH THE US DOLLAR

BRICS member China is looking to convince 40 new countries to use the Chinese yuan for cross-border transactions and not the US dollar. The Communist country is aiming to capitalize on the growing de-dollarization trend and is pushing the Chinese yuan for trade.

For the uninitiated, the usage of the Chinese yuan for trade settlements has surged 4.6% in 2024, compared to 2% in 2019. The currency usage has more than doubled in six years and is threatening the prospects of the US dollar.

If the US fails to import the dollar overseas, it would return to the homeland leading to inflation. Therefore, the USD needs to maintain its top position in the currency markets to sustain the American economy and keep prices lower.

BRICS: CHINA SIGNING AGREEMENTS WITH 40 COUNTRIES TO USE THE CHINESE YUAN, NOT US DOLLAR

The People’s Bank of China (PBOC) has signed bilateral trade deals with over 40 countries to use the Chinese yuan for trade settlements. The trade agreement is with the central banks of developing countries and initiates currency swaps.

The overall scale of the currency swap agreement stands at 4.16 trillion yuan, equivalent to $586 billion. The development gives the BRICS country China power through the currency market and dampens the US dollar’s global prospects.

China, Russia, and Iran are the three BRICS countries that are aggressively looking to end dependency on the US dollar. They are forging new trade deals and rewriting policy settlements that prefer using local currencies.

The dynamics of de-dollarization are advancing as more countries are willing to trade in the national currencies. China is leveraging the situation and taking advantage of the White House weaponizing the US dollar.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

BANK OF AMERICA READY FOR CRYPTO PAYMENTS — DECODING HOW BANKING WILL CHANGE FOREVER

Is the banking industry prepared for the disruption crypto payments might cause, and if Bank of America leads the charge, what lasting changes can we expect in how banks, businesses, and consumers interact?

Bank of America CEO advocates for crypto…

▪️Bank of America CEO advocates for crypto payments
▪️Bank of America’s twofold relationship with crypto
▪️How U.S. institutions are stepping into crypto
▪️Decoding the probable impact

Bank of America CEO advocates for crypto payments

The banking and crypto worlds have often seemed like two ships passing in the night — acknowledging each other’s existence but rarely finding common ground.

However, Bank of America CEO Brian Moynihan has now thrown his weight behind the idea of integrating crypto payments into the U.S. financial system — but only if regulators give the green light.

Speaking at the prestigious World Economic Forum in Davos, Switzerland, Moynihan addressed a question that has long lingered over the industry — what would it take for banks to embrace crypto as a payment method?

“If the rules come in and make it a real thing that you can actually do business with, you’ll find that the banking system will come in hard on the transactional side of it,” Moynihan remarked during an interview with CNBC.

“If you go down the street here and buy lunch, for example, you could pay with Visa, Mastercard, a debit card, Apple Pay, and so on. In that sense, cryptocurrency would just be another form of payment,” Moynihan explained.

He also discussed a growing realization that crypto — especially stablecoins backed by traditional assets like the U.S. dollar — could seamlessly integrate into existing payment networks.

“If it’s a stablecoin-type of dollar-backed crypto…and our consumers actually want to use it, we think there’s value there,” Moynihan said, hinting that banks could view these tokens as a safer entry point into the crypto payments space.

However, Moynihan did not touch upon the notion of cryptocurrencies like Bitcoin as an investment or store of value, stating that it is “really a separate question.”

Bank of America’s twofold relationship with crypto

Bank of America has not always been optimistic about crypto. For years, the institution’s top executives voiced strong concerns, often portraying crypto as a challenge to the transparency and security upon which the banking system relies.

Back in 2018, BofA’s Chief Technology Officer, Cathy Bessant, expressed sharp criticism of crypto’s fundamental structure, stating:

“As a payment system, I think it’s troubling because the foundation of the banking system is on the transparency between the sender and the receiver, and cryptocurrency is designed to be nothing of the sort.”

She labelled crypto as the “antithesis” of transparency, mentioning how its pseudonymous nature made it difficult for authorities to “catch bad guys.”

However, over the years, BofA’s stance has drastically evolved. The bank has invested heavily in blockchain, recognizing its potential to enhance efficiency, reduce costs, and modernize financial systems.

“We have hundreds of patents on blockchain already,” CEO Brian Moynihan remarked recently in Davos.

The bank’s interest in crypto itself has also grown. In 2024, BofA’s Merrill Lynch added Bitcoin exchange-traded funds to its brokerage platforms for eligible wealth management clients.

The U.S. Securities and Exchange Commission recently announced the creation of a crypto task force aimed at establishing a “sensible regulatory path,” which could provide the necessary guidance for banks like BofA to integrate crypto payments into their operations.

@ Newshounds News™

Read more:  Crypto News

~~~~~~~~~

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Is this America 3.0? One Key Question to Ask Yourself

Is this America 3.0? One Key Question to Ask Yourself 

Notes From the Field  By James Hickman (Simon Black)  January 21, 2025

When the Founding Fathers put the finishing touches on the Constitution in late September of 1787, they probably had no idea whether or not it would be formally adopted by the states.  There had been intense debate. Criticism. Dissent. And so the ratification of the Constitution was by no means guaranteed.  Delaware became the first state to ratify the document on December 7, 1787. Then Pennsylvania and New Jersey within the same month.

But Article VII stated that the Constitution would not be considered valid unless formally approved by at least nine states. And that milestone wasn’t reached until June 21, 1788 when the state of New Hampshire ratified the Constitution.

One could easily argue that it was that date— June 21, 1788— that “Project America” really began, i.e. America 1.0.

It’s hard to even imagine the amount of work that had to be done to build a country from nothing, to create a government from nothing. Everything from creating a new currency to establishing postal routes...

They had to create offices, figure out how to hold elections, and even design the ‘swearing in’ ceremonies and oaths of office.

It must have been a mind-boggling amount of work. And they had to do it all with virtually no resources.

The brand new country was in debt up to its eyeballs from the Revolutionary War. It had almost no revenue or economy. Infrastructure, even by pre-industrial standards, was nonexistent.

Yet at the same time, the new nation had enormous potential; the massive continent held vast resources, plus people willing to do the hard work to create lasting prosperity.

That version 1.0 of the United States changed over time— Civil War, Reconstruction, rapid industrialization, etc. But it wasn’t until the 1940s that ‘America 2.0’ took shape.

Word War II was still raging. But by early July 1944 it was clear that the Allies— led by the US— were going to vanquish the Nazis.

It was also that same month when representatives from around world held a formal gathering (which ironically also took place in New Hampshire) called the Bretton Woods Conference.

Bretton Woods was a big deal. Dozens of government officials from countries ranging from Australia, Bolivia, China, to Yugoslavia, literally got together in a room and signed a document formally anointing the United States as the world’s dominant superpower.

The Bretton Woods agreement was formally ratified and went into effect on December 27, 1945. And you could argue that this was the launch date of America 2.0: the biggest, most dominant military and economic superpower atop the new global order— entrusted with the global reserve currency, and armed with nuclear weapons.

America 2.0 went on to win the Cold War, invent much of the world’s most important technology, and become the global beacon of strength and prosperity.

But America 2.0 has been in decline for decades.

A quarter-century of war, unbelievable deficit spending, irresponsible bailouts, extreme government incompetence, etc. have led to a major decline of America’s prestige and status.

The national debt now exceeds $36 trillion. The interest bill alone on that debt is over $1.1 trillion per year and rising quickly, consuming 23 cents out of every single tax dollar collected.

Plus, major entitlement programs like Social Security and Medicare are set to run out of money within the next seven years, and those will require trillions of dollars in bailouts.

Frankly, politicians from both parties have fiddled while this dumpster fire burns.

But as the clock struck high noon yesterday in Washington DC, countless millions of people breathed a collective sigh of relief as Trump 47 announced boldly and confidently, without the slightest hint of doubt, “From this moment on, America’s decline is over,” to be replaced with a new “Golden Age” for the United States.

He may be right. I hope he’s right.

And if he is, future historians may look back— just as we have the luxury today of looking back to 1788 and 1945— and say that January 20, 2025 marks the emergence of America 3.0: a re-imagined, back-to-business, stronger, freer, less divided, more prosperous version of the United States that most people don’t even remember at this point.

And there are similarities between now and 1788.

The task back then was enormous— seemingly impossible. The debt was sky-high, and there were almost no resources to tackle the challenges.

Today, the work that needs to be done also seems extremely difficult. They’ll have to dismantle an entrenched, toxic bureaucracy; killing entire departments and programs; make deep cuts to the budget; eliminate thousands upon thousands of regulations.

Along the way their efforts will be stymied by deranged legacy media, blocked by litigation (likely in California’s activist 9th Circuit Court), and impeded by members of Congress from both parties.

Some of those obstacles existed in the 1790s as well. But today’s America has the benefit of having the most advanced economy in the world... so even if they don’t get everything right (which they won’t), as long as they head in the right direction and move quickly, they can make some serious gains.

So, again, they might pull it off. Perhaps this is the emergence of a new golden age.

But any rational person ought to seriously ponder the question: what if they don’t pull it off? What if they aren’t able to overcome the special interests, bureaucracy, media, and activist courts?

Well, in that case the decline may very well continue.

And fundamentally the question is, what will you do in that scenario? It’s really worth thinking about.

In fact, there is no better time to think about this question than when you’re feeling optimistic.

You don’t want to wait for things to get really bad to think about a Plan B; at that point you’ll be emotional and anxious— bad elements which prevent rational decision making.

So I’d encourage you to invest some of today’s optimism into thinking about credible risks— and what sensible steps you could take to reduce or eliminate the consequences in case this isn’t America 3.0, and they are unable to reverse the decline.

This is Plan B thinking. It’s sensible and rational.

How would you deal with the inflation? What about Social Security going away? How would you mitigate higher taxes, or more intense social divisions?

And when you are looking at options, it makes sense to have a global view.

Consider places that could give you the highest and safest return on investment. Or places where you could have a less expensive, more pleasant retirement, where your money goes further, and there is affordable, high quality healthcare.

I’m as optimistic as anyone right now. However, this is the whole point of a Plan B: you might not need it. But you and your family will be in a much better position for giving serious thought to some obvious risks.

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

https://www.schiffsovereign.com/trends/is-this-america-3-0-one-key-question-to-ask-yourself-151990/

More News, Rumors and Opinions Wed. Afternoon 1-22-2025

KTFA:

Clare:  Saudi Arabia prepares to acquire the largest gold mine in the world

1/22/2025

The Saudi company "Manarat Al-Maaden Investment" intends to buy between 10 and 20% of the "Reco Diq" project, the largest gold and copper mine in the world, located in Pakistan, with securing a purchase agreement for future production.

The mining fund (one of the company's owners) will buy the stake from the government of Pakistan, which owns 25% of the mine, for between $500 million and $1 billion.

The Rico Deck project, being developed by Barrick Gold, is expected to be one of the largest copper and gold mines in the world once completed, and will cost around $9 billion.

According to Barrick, the Reko Diq mine, located in western Balochistan near the Afghan and Iranian borders, will produce up to 400,000 tonnes of copper and 500,000 ounces of gold once the two phases of the project are completed.

In December 2024, the Pakistani government revealed its approval to sell a 15% stake in the mine to Saudi Arabia for $540 million, according to the Energy website.   LINK

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Mon. 20 Jan. 2025: KABOOM! The Era of NESARA! Trump Paves the Way to Abolish Income Tax with Tariffs! Here’s the Deal! …Mr. Pool Secrets on Telegram

BREAKING: Trump’s bold plan to abolish income tax by replacing it with tariffs could be a game-changer for every American! Inspired by NESARA and McKinley’s economic success, this move could put more cash in YOUR pocket, shrink government waste, and fuel a NEW era of American prosperity.

A Historic Turn: Trump is tapping into America’s wealth potential by reviving the tariff strategy that McKinley successfully used in the late 1800s. Imagine an America where the government is funded by tariffs on foreign goods, and your earnings are finally untaxed! McKinley’s tariff-based model brought the U.S. unprecedented surplus wealth — a time when bridges, dams, and national parks were funded without taking a dime from American paychecks.

Flashback to McKinley’s Legacy: Back in 1887, tariff income was so high the government had more money than it could spend! It’s this model that Trump aims to reignite, bringing America back to an era of economic independence. Picture it: foreign entities paying to sell in America, while citizens keep every dollar they earn.

Trump’s Vision: NESARA’s Dream, Our Future: Trump’s tariff proposal aligns with NESARA’s promise of returning power to the people. Without income tax, Americans would keep more of what they earn, with the government funded directly through tariffs on foreign goods. This isn’t just a financial move; it’s a revolution. Imagine more cash in your pocket, more power in your hands, and America thriving on international wealth!

Tariffs vs. Income Tax: A Modern Economic Shift: This isn’t just about saving you money; it’s about ending a taxation system that’s buried Americans in complexity and bureaucracy. No income tax means a leaner government, less IRS interference, and a boost in disposable income for every American.

Why This Works: With tariffs, foreign companies pay their way into the U.S. economy, filling our coffers while we keep our earnings intact. This isn’t just patriotic; it’s economically brilliant. Every dollar YOU earn stays with you — and our nation thrives on the wealth of international trade.

Downsizing Government Bureaucracy with Musk’s Efficiency: Imagine if someone like Elon Musk streamlined the government to align with this vision. With his knack for efficiency, he could eliminate bureaucratic waste, transforming America’s financial landscape into a leaner, stronger, and more self-sufficient powerhouse.

Trump’s Tariff Talk: No Coincidence!: This isn’t just a campaign gimmick. Trump is paving the way for a seismic shift that would unshackle Americans from income tax once and for all. The model worked over a century ago — and with the right strategy, it can work again, empowering Americans to thrive on their own terms.

A Vision for NESARA’s Promise: Economic Sovereignty Returns!: Imagine an America where YOUR hard-earned dollars aren’t siphoned by income tax. NESARA’s concept of returning economic power to the people aligns with Trump’s vision, giving Americans the freedom to grow, save, and build their future without the IRS breathing down their necks. This is the dream of NESARA, reimagined for a modern America.

What Does This Mean for YOU?: Higher disposable income, simplified finances, and an America First economy driven by U.S. citizens, not bureaucrats. This is the revolution you’ve been waiting for — a call for economic freedom and national pride. With Trump’s tariff plan, America is on the brink of reclaiming its economic sovereignty, and YOU are the key to making it happen.

https://dinarchronicles.com/2025/01/22/restored-republic-via-a-gcr-update-as-of-january-22-2025/

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

Jeff  The number one thing that's going to resolve [Bagdad and Kurdistan issue] is going to be the oil and gas law.  This is why they seem to have this never-ending matter of differences...They need the oil and gas law completed.  That's what resolves all these matters...The oil and gas law is a never-ending subject because it's waiting for the rate to change to complete...

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:Mr Sammy says...Amendment of Article 12 has nothing to do with the rate change.  Article 12 is for the Kurds to get their money to cover their cost of extracting and transportation of salaries for the oil...Next they say we will have the budget tables. FRANK: That means the budget now is going to be read line item by line item by line item and the only way to fund those line items...The funding will have to be based on a different exchange rate because you cannot fund this budget at a program rate...Everybody waits for the new exchange rate.  Everything waits for it... FIREFLY:  We are very very close.

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Bubbles, Bubbles Everywhere...

Lynette Zang :  1-22-2025

In today's live we are talking about the bubbles that exist in many parts of the economy from crypto assets to housing markets, and much much more...

https://www.youtube.com/watch?v=Q215wZ7mA_Q

Introducing ERS, Ending Income Tax as we Know it

Introducing ERS, Ending Income Tax as we Know it

Mark Moss:  1-21-2025

What if the dreaded annual ritual of filing income tax could be banished to the history books? Imagine a world where your hard-earned paycheck isn’t immediately chipped away by the IRS.

It might sound like a financial fantasy, but President Donald Trump is suggesting just that, with a revolutionary proposal to fundamentally alter the American taxation system.

Trump’s plan, dubbed the External Revenue Service (ERS), isn’t about tinkering around the edges. It proposes a complete overhaul, aiming to remove the burden of income tax from American citizens entirely.

The radical shift? Generating government revenue not from internal income, but primarily from foreign trade. This audacious plan, far from being a modern invention, actually echoes the way the U.S. used to fund itself in the past.

Mark Moss, a financial commentator known for his insights, has delved into the details of Trump’s ambitious ERS proposal, revealing the potential ramifications for the U.S. and the world. This isn’t just a political talking point; it’s a seismic shift in financial philosophy that could redefine how America funds its government.

The premise of the ERS is surprisingly straightforward: instead of taxing your wages, the government would primarily collect revenue through tariffs and other fees on goods and services entering the U.S. This would mean that businesses importing goods would contribute directly to government funds, rather than individuals shouldering the burden of income tax.

Skeptics abound, and for good reason. Implementing such a sweeping overhaul of the taxation system would be an incredibly complex political undertaking. There would need to be a complete overhaul of infrastructure and potentially new departments to facilitate this change. This would involve a huge amount of legislative support and public buy-in.

While the probability of the ERS becoming a reality remains uncertain, the discussion itself is crucial. Whether it succeeds or not, this proposal could initiate a much-needed conversation about the very foundations of taxation and whether the current model best serves America.

President Trump’s ERS proposal is far more than just a political talking point; it’s a potential paradigm shift in how governments are funded and how citizens participate in the economy. While challenges and uncertainties remain, the prospect of a tax system that frees Americans from income tax is a tantalizing one.

Whether this radical vision comes to fruition or not, it’s undoubtedly a financial development worth watching, as it could very well be one of the most significant financial shifts of our lifetime.

https://youtu.be/u_mVPIZPpfk

“Coffee With MarkZ” Wednesday Morning Chat 1-22-2025

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: A very chilly good Wednesday morning!!!

Member: Mark are you still feeling like it will happen this month?

Member: MilitiaMan theorizes that the ID is worth 40% more than the Kuwait dinar due to oil reserves. My math guesses it will be around $4.50+ or –

MZ: I very much agree with MilitiaMan. I don’t know if he took into account the 2 billion barrels of oil they just discovered this week…..but it is looking good..

Member: Glad to see everyone here today….any news from historic bond folks yet Mark?

MZ: We did get one update from a bond conference call last night that yes….They were told in that call that President Trump was the magic and things are now moving forward. They have their marching orders and expect to deliver everything to them tomorrow on their final contracts.

MZ: That now makes two check-ins saying now that Trump is in office- the decision was made and they are now moving forward. I am very hopeful to get more confirmations from other bond contacts today.

Member: So have they been PAID?

MZ: No they have not been paid yet –They were told they are putting money in accounts to be funded on Thursday. That is what they expect as of last night.

Member: Historical Bondholders will be Hysterical Bondholders if not getting their fungible $$ now

Member: Do we still have to wait for 30% of the bonds to go before we get to go?

MZ: I don’t think we have to wait for 30% to go. I think now- when they pull the trigger it will all go at one time…..at this point…

Member: Didn't ol Charlie Ward say it would be on a Thurs? fingers crossed

Member: What is happening in Reno?

MZ: That is where one of my bond updates came from. Specifically on German Bonds

Member: funny that Pres trump is going to California on Friday to visit the fire area….AND stopping in Nevada to thank them for voting for him. Could he be stopping in Reno possibly…..I think he could …sure is a coincidence.

Member: I wonder what's the ETA for IQD appearing on Forex?

MZ: I may get egg on my face- but I think we may see the IQD on forex Saturday night into Sunday Morning

MZ: I have not yet heard anything from the Indian Nations and three big 4a groups.

Member: if Pres Trump wanted to make America Great Again, why would he not get this trigger pulled ASAP?

MZ: He has only been president 48 hours…..patience.

Member: What's the connection between bonds and iraqi RV?

Member: Historic bonds are supposed to go right before we currency holders get notifications to exchange….so once bonds start paying….we know we are next in line.

Member: Mark, if you are saying these bond holders are 4A, does this mean we are THAT close?

Member: tiers posted years ago….probably still valid: There are 5 Tiers of folks Exchanging. Tier 1-governments and royalty Tier 2-whales-elite with platforms of currency, corporations, etc. Tier 3-Admirals Group, American Indians, CMKX, large church groups (like the Mormons), historic bonds etc. Tier 4-all the hundreds of thousands paying attention to intel - internet groups(all of us). Tier 5- those who never paid attn - the general public.

MZ: “Member of parliamentary finance determines the most dangerous matter in the 2025 budget” he says its getting the budget completed so things can stay on track with projects…..This is a huge part of the future and growth of Iraq. They need to settle budget this week so the projects do not stall. .

Member:  Bank source told me yesterday that a guy said he was leaving the bank to go to redemption center. I was told he used to work for the federal government in finance and has been waiting for 18 yrs.

Member: Any new predicted rate on dinar and dong.

MZ: Still hearing and what makes the most sense is $4-$4.50 on dinar and $2 to $3 bucks on the VND. Some of the rates we have seen most often is $3.90 to $4 showing up on dinar and $2.40 to $2.50 showing up for the dong. We won’t now for sure until we are at the banks.

Member: I am friends with a Vietnam family - they confirmed just above $2.00 - they brought me Dong

​​Member: Rumor- I’ve heard lower notes are in ATM’s in Iraq.

MZ: My boots on the ground say the ATMS don’t have LD’s in them yet. Contacts that work in banking over there say they do have them ready and the technology and machines are there and they could start distributing lower denominations at any moment.

Member: We may be still waiting for Gold backed currency for the US??

Member: Mark- will you still have a special livestream as soon as it happens?

MZ: I absolutely will have a live stream the minute it happens …everything is set up to quickly go “live”

Member: Wolverine and Bruce both openly admitted being fed disinformation to throw off the timing of this.

Member: My guess is many were fed misinformation for that reason.

Member: I can’t wait for the day everything is in the up and up - no more reading between the lines, no more “movie”, no more BS! I’m ready for REAL!!!!!!!

Member: There is so much hope and optimism in our world. We must be patient and use our ears more than our mouth during this transition.

Member: Thanks Mark and mods…everyone have a wonderful day.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

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Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

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Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

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