Bruce’s Big Call Dinar Intel Thursday Night 4-3-25

Bruce’s Big Call Dinar Intel Thursday Night 4-3-25

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It is Thursday, April 3rd and you're listening to the big call. Thanks for tuning in everybody out there in big call universe, thank you for being faithful to listen to the big call for all these 13 plus yes into our 14th year

We're going to have a good call tonight. I'm excited. I hope you are. And I'm looking forward to bringing out some news. Let's get into some intel all right. now, i would like to talk first of all because jeannie reminded me of  and Sue reminding me of course, again about the med beds. So here's what is new about the med beds since Tuesday. We have 18,000 Med bed centers in the United States - Each center has two med beds in it, so 18 times two, that's 36,000 med beds in 18,000 centers across the country.

Well, that sounds like a lot. Yeah, that's that's a lot over the country with our population, I can see now, where it would get pretty busy - Now what about people that are homebound, that kind of a bed bound or in hospice or situations like that ?

Guess what they have come up, it started six months ago. I find out about it yesterday, six months ago, they have 8000  mobile med bed units ready to roll. They are in used UPS  box trucks, you know, used FedEx trucks. FedEx is still and in some box ambulances as well.

So even though somebody roars up the street in an ambulance, Everybody looks out the window and says it's going to so and so's house. I wonder. You know what's going on? Well, that's why the UPS and FedEx, addition to ambulances , it's everybody used to see in FedEx and UPS trucks. So it's not going to be anything that seems out of the ordinary, but these mobile units will be able to go to the homes of people that are bed bound, or wheelchair bound, or whatever. Just easier to access them

They are supposed to roll out as well as the Med bed centers being available starting the ninth or 10th of April.  Now, the 10th would be a week from today. Ninth would be the day before, which would be Wednesday. So that's terrific news that we didn't know until today. Med bed mobile units and med beds available  starting the ninth or 10th of April.  So that's really the med bed news I had to bring.

So where are we.  Intel has been a little bit fractured, a little bit unable to assimilate quite everything into a perfect puzzle, but every day, I've been getting a puzzle piece that's coming in and allowing this picture to be completed. And I'm just going to go, not go back a full week or a couple of days, but just say today, the algorithms for the 800 numbers have been loaded.

The emails addresses with the toll free numbers are loaded. But there was an issue today with funds that were sent from HSBC. These were bond funds sent from HSBC to Wells Fargo. And there was a there was a snafu problem. It got solved and it got rectified sometime this afternoon, and I am supposed to receive the 800 number anytime now. In fact, it looked like I was going to have it for tonight's call.

It looks like I didn't get it by tonight, so I was hoping to be able to put it out tonight on the call – that’s how close we are -

Now is it going to be tomorrow? I don’t know - I would say it should be based on what I heard  following  but we will have  to see. Now I'm going to tell you guys we’re very close on that.

I did hear something I'm not quite 100% comfortable with, which is interesting, and I think I should tell you guys, all right, let's say we put the 800 number out on the website, right? Big call universe.com, and if Bob gets Raleigh to send out an email blast to the people that want the toll free number sent through their email, we do that assuming that we're allowed to - We believe we will.

And you're going to be getting emails from Wells Fargo servers. They know who the currency holders are. They know who the Zim holders are, etc. So they're going to be sending those out.

And let's say we get them. In fact, let's even say we get them tomorrow, maybe noon, maybe four o'clock, whenever we get them, and we call to set our appointments. Now what I'm understanding is that we'll set the appointments, but we'll call it in to set the appointment.

We'll go all the way to the redemption center. They'll talk to us, and then they will notify us in I'm going to say, three days or so as to when our actual appointment  will be -- the day time of day time and day

Now what's strange about that is if the numbers came out in the morning  and we called, we thought we'd go in immediately, right then  boom, even tomorrow afternoon or Saturday, right? But the information I'm getting is saying that there's a slight wait where they're going to call us  to to let us know when the appointment actually will be.

And I've said a long time ago to several people in getting  the toll free numbers half the battle, or in a way, we're over 50% there when we get the 800 number. But why would they wait a few days to let us know exactly when our appointment would be, why, and I think they figured it out yesterday.

I think what they're doing is they're just going to vet us as KYC, know your customer type rules to make sure that the deep state is not getting in, they're not going to get in for this exchange.

The other reason is, remember, well, there were a number, and I think the number was about 26,000 bonds. That were bogus, whatever you want to call them. They could not match them up to owners or powers of attorney representatives of the bonds, and they just literally or they were bogus.

 Well, it took a while. They took about  two days go through all those and they found out who the people were  that put those bonds out, in they were bogus, and picked them up. The rest of them already.

Well, that was a slight delay. That was a day and a half delay. So there are these little things, and we're at a very, very high security level, DEF CON one is the highest level of readiness for our military. And there have been meetings going on with, with more ad meetings going on with, with the Treasury, military, all of this stuff as they're going through and running algorithms and running programs to see that we're good to go. And like I said, we were just about there before the call to where  I kind of thought I'd like to get the number tonight.

So that being said, we're that close, and we need to keep pushing forward and for the 800 numbers to come, and then the next best thing to put it out tonight is going to be getting up with Bob and Raleigh and putting it to make sure we have the number correct and put it out on big call universe.com website.

Now Bob, here's the question

This number is primarily for the United States, and I believe Canada can  use it, but it's really not for the rest of the world, which would include Latin America, which would include Europe, which would include the Far East  Middle East -  so now,its not going to do any good –

Now - even with the amount of listeners that we have  for big call  universe - Bob, can our servers withstand people going to our site to pick up that 800 number.

I don't know how much the traffic will be, but I believe it would could be substantial. We'll see. But that's it's a real question, and I hope that that, you know the number, I'll give it to people that I have contacts for, and Sue can get it out. And you know, we'll get it out, able to do it for the big call like we're talking right now.

So let's see what happens tomorrow. Listen, and there might be a way I'm thinking out loud , there might be a way to do a special call and get it out.

SUE:  Can I ask a question here? Here's, here's what I want to make clear, you said you asked Bob whether so the whole purpose, first of all, they're going to get an email from Wells Fargo. That's number one.  The people that bought the currency, they will get an email. That's their number one thing,

So please, don't worry, but I just wanted to let everybody know there is another piece I mean, that President Trump, spoken with the head of the CBI, which is really Bank of Iraq, and that is Iraq, and also Dr Shabibi, the former director of the CBI. He spoke to both of those gentlemen have said that this needs to go out, that Iraq needs everything that they need to do, which I understand was already done, but they need to get everything done the 8th  of April

I think they it was, they had to have that the RV as we call it -  would be on or before the eighth of April, on or before -  so I think that that is kind of a mute point. I believe they've already got everything that we know of accomplished. They've got lower denominations already in the ATMs and in the in the shops  and so on and they celebrated .

And they just finished up another, you know, Islamic holiday they wrapped up. I believe that was Tuesday that that wrapped up. And so I think everything's ready from the perspective that we know of.

And then we're hearing from our Iraqi contacts, so we'll see. I think the main thing I wanted to get across the concept of when you call set your appointment, the fact that they are looking to call you back with your appointment time and date maybe, for verification

okay I call in, you'll go or gives you another number called a redemption center that's indicated by your zip code, and you get connected to a live person at the redemption center.

Ostensibly, this would be a person that would help you for your exchange redemption of zim. So that person takes your information down, and from what I understand, they contact you back two, three days later, the actual time  and date of  your  exchange – It’s like a confirmation of the  appointment.

This was totally new that I heard about yesterday  - completely new piece of the puzzle – and  we'll see how that comes together. That's what I'm hearing is going to happen. So we will see what that looks like. Until we get back, maybe they notify us by my phone call, and or email, but I understand we're supposed to call you back with your appointment time day, like a verification of it.

So let's see. Let's see what happens.

I think that's everything that I had independently covered tonight. And I feared when we're just close and we're almost one of the one of the sources we had that we were at the finish at the finish line, but we need to cross that we need to cross it. like you will run through the tape, so we're at the finish, and I've heard everything is done. Of course, we've heard that a lot of bad phrase, everything's done, but I believe it is finally done. And now we have to execute our part of it with faith and with action  once the numbers are available.

All right, thanks. Everybody really enjoyed the call tonight, and I hope you did too. I hope we all learned something, and now let's go ahead and pray the  call out.

Bruce’s Big Call Dinar Intel Thursday Night 4-3-25 REPLAY LINK   Intel begins   59:59

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Bruce’s Big Call Dinar Intel Tuesday Night 4-1-25 REPLAY LINK   Intel Begins   1:09:09

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Bruce’s Big Call Dinar Intel Thursday Night 3-27-25 REPLAY LINK   Intel begins   1:05:20

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Bruce’s Big Call Dinar Intel Tuesday Night 3-25-25 REPLAY LINK   Intel Begins   1:11:11

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Bruce’s Big Call Dinar Intel Thursday Night 3-20-25 REPLAY LINK   Intel begins   1:18:00

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Seeds of Wisdom RV and Economic Updates Friday Afternoon 4-4-25

Good Afternoon Dinar Recaps,

UK PRIME MINISTER SEEKING NEW US TRADE DEAL TO REMOVE TARIFFS

The United States took decisive action this week, announcing new 10% baseline tariffs on what President Donald Trump announced as the nation’s Liberation Day.’ Now, UK Prime Minister Keir Starmer is reportedly seeking a new US trade deal to remove the tariffs, according to a Washington Post report.

The announcement of new import taxes created a race to negotiate with the United States. Indeed, the economic policy saw Israel and India move swiftly to shift their duties on US goods in hopes of avoiding the reciprocal tariffs. Now, Starmer is looking to reduce tariffs placed on Britain through a new deal with the Trump administration.

UK Prime Minister Keir Starmer Eyes New US Trade Deal Amid Trump’s Liberation Day Tariffs

The United States made headlines this week when US President Trump announced a brand new wave of tariffs on all trade partners with the country. Indeed, the move wreaked havoc on the US stock market. In the two days since, it drove the Dow Jones Index down more than 2,000 points.

Yet, the decision was made by the administration to balance a trade system that the president says has long been unfair. That effort took a key step forward on Friday. Specifically, UK Prime Minister Keir Starmer is seeking a new US trade deal to remove the newly imposed tariffs.

According to the recent report, Starmer is “ready to make major concessions to reach a deal even as other countries rush to the trade barricades with reprisal tariffs, boycotts, and outages.” The UK has already cut tariffs on some imported US goods. Moreover, they are even prepared to lower the British taxes paid by US tech companies.

“Every country is calling us,” Trump told reporters Thursday. “Now, they will do anything for us,” he added. Now, all eyes will be on where things go from here. The action has undoubtedly brought the world closer to a trade war. If deals can be struck, then the global economy may yet be able to avoid the worst of it.

@ Newshounds News™
Source:  Watcher Guru

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BRICS: US DOLLAR PLUMMETS, GOLD TO SOAR IN BEST CASE SCENARIO FOR BLOC

The world got a rather surprising development this week when US President Donald Trump announced a new slate of Liberation Day tariffs. The move introduced a baseline 10% import tax on all trading partners, and the outcome has been dire. However, it may only help BRICS, as the US dollar has plummeted with gold set to soar in a best-case scenario for the alliance.

The collective has been outspoken in its continued pursuit of de-dollarization on a global scale. Throughout the last several years, the bloc has continued to seek out local currency promotion that lessened international reliance on the West. Moreover, it has fast-tracked its gold purchasing in what may pay off brilliantly amid the uncertain geopolitical climate.

US Dollar Drops as Gold Is Set to Surge in Best Possible Outcome for BRICS

At the start of his second term, US President Trump warned that the BRICS bloc would face 150% tariffs. Specifically, he sought to ensure the global reserve status of the US dollar and targeted any country engaging in efforts to undermine that. However, despite the conflict from the West, it may be the best possible outcome for the collective.

BRICS may be in a position to benefit as US President Trump’s Liberation Day tariffs have caused the US dollar to plummet, with the gold price set to soar. Indeed, Thursday saw the greenback fall to its lowest level in months as recessionary fears picked up.

JPMorgan Bank said that the country now faces 60% odds of facing a recession this year. Moreover, it combines with Deutsche Bank’s previous warning that the currency will face a “crisis of confidence” amid the new economic policy. Uncertainty in the global economic world means that gold will likely surge.

The metal has been on a tear so far this year. Throughout the first three months of the year, it has surged to an all-time high above $3,000. Moreover, experts are expecting the winning ways to continue. Recently, HSBC raised its average gold price projection for 2025 to $3,015 and $2,915. Indeed, that was a notable increase from its previous forecast of a $2,687 high-end average price.

@ Newshounds News™
Source:  Watcher Guru

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More News, Rumors and Opinions Friday Afternoon 4-4-2025

KTFA:

Clare: Government calls for an urgent meeting with relevant parties to resume negotiations on Kurdistan Region oil exports.

 4/4/2025  Baghdad /

 The Ministry of Oil called for an urgent meeting with the concerned parties to resume negotiations on the export of oil from the Kurdistan Region.

The ministry said in an official statement on Friday, "We are working to ensure the proper implementation of the amendment to the budget law approved on February 2, 2025, so that exports can begin via the Iraq-Turkey pipeline as soon as possible."

It added, "The Iraqi government has taken concrete and serious steps to demonstrate its good faith in the negotiations and ensure the resumption of oil exports via the Iraq-Turkey pipeline." It noted Prime Minister Mohammed Shia al-Sudani's confirmation that selling oil through illegal frameworks outside the responsibility of SOMO and its sales mechanisms is an infringement on the rights of the Iraqi people. LINK

Clare:  One of them is "historic" and relates to electricity. Iraq is about to sign new agreements with the United States.

4/4/2025

Farhad Alaa Al-Din, the advisor to the Iraqi Prime Minister for Foreign Affairs, said that there is a "unique opportunity" for Baghdad and Washington to "deepen their partnership to enhance regional security, economic integration, and long-term stability." He revealed that a large delegation of American companies will arrive in the Iraqi capital next week to explore new opportunities in the Iraqi market.

In an article written by Farhad Ala'aldin in the English-language newspaper The National, translated by Shafaq News Agency, he said that he recently visited Washington, where a high-ranking US official informed him that the current administration's foreign policy is focused on making the United States safer, stronger, and more prosperous.

He added that this approach is entirely consistent with Iraq's aspirations and foreign policy, particularly with Prime Minister Mohammed Shia al-Sudani's vision of "Iraq First" and "common interest," indicating that this consensus can make Iraq more secure, stronger, and prosperous.

After noting that Iraqi-American relations have steadily grown in the areas of security, energy, and the economy, Farhad Alaa Al-Din wrote that, given the accelerating pace of economic recovery and comprehensive development in Iraq, particularly in the energy sector, the opportunities for major American companies to play a significant role in shaping this transformation have become greater than ever.

While Al-Sudani's advisor stated that these companies are well-positioned to leave a clear and influential mark and contribute to deepening and strengthening bilateral relations between the two countries, he explained that a large delegation of American companies will arrive in Baghdad next week to explore new opportunities in the rapidly growing Iraqi market. He noted that the US-Iraq Chamber of Commerce is leading this effort as part of a broader initiative to strengthen trade relations between the two countries.

Alaa El-Din also indicated that several memoranda of understanding and agreements are expected to be signed between these companies and their Iraqi counterparts.

While Alaa Eldin discussed American companies that play a significant role in developing the Iraqi energy sector, such as General Electric, KBR, Baker Hughes, Halliburton, and Honeywell, he noted that among the important opportunities expected to take place during the upcoming visit is the signing of a historic agreement between General Electric and the Ministry of Electricity to develop 24,000 megawatts of highly efficient power generation, to help bridge the significant gap in electricity demand in Iraq, which currently stands at approximately 48,000 megawatts.

The Prime Minister's advisor also discussed efforts to establish cross-border energy partnerships, including the completion of connecting 500 megawatts to the GCC electricity grid via Kuwait in 2025, while agreements with Turkey, Jordan, and Saudi Arabia are expected to contribute an additional 2,500 megawatts by 2027.

According to Alaa El-Din, American companies are also well-positioned to help address the "critical issue" of reforming Iraq's gas sector, reducing gas waste and environmental damage, and achieving Iraq's goal of energy self-sufficiency.

The government advisor continued, "Over the past two and a half years, Iraq has awarded more contracts to American companies than at any previous stage in bilateral relations, while economic cooperation between the two countries has witnessed a remarkable boom, ranging from agricultural imports, such as wheat and rice, to extensive infrastructure development."

Alaa El-Din also noted that the Iraqi government is currently focusing on accelerating major infrastructure projects in the transportation, water, and communications sectors, where American companies enjoy significant competitive advantages.

He added that it is clear for Baghdad and Washington that the path forward is determined by shared interests and obligations, adding that the trajectory of this relationship points to deeper cooperation based on mutual respect and agreed-upon strategic objectives.

According to the Iraqi official, looking to the future, there is a "unique opportunity" for Iraq and the United States to deepen their partnership to enhance regional security, economic integration, and long-term stability. He recalled that this vision was a key focus of the phone call between Al-Sudani and US President Donald Trump on November 8, following his election, in which the two leaders "expressed their commitment to strengthening the strategic partnership between Iraq and the United States and enhancing bilateral relations beyond security concerns, with a focus on cooperation in the fields of economy, finance, energy, and technology."

Alaa Al-Din concluded his article in The National by saying that this new chapter in Iraqi-American cooperation heralds a future of mutual prosperity, while shared interests in economic development and regional stability lay the foundations for a lasting partnership that serves both countries and contributes effectively to global security.  LINK

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

Frank26   [Iraq boots-on-the-ground report]  FIREFLY: Sammy says they are telling everyone on the television that they have seen the [budget] tables and there is no rate in it.  They are a bunch of liars. Of course there's a rate in it.  They are all clowns.  Sudani is hiding this from them.  FRANK:   Yes he is.

Mnt Goat   My impression of this news... the ongoing effort for the economic development in Iraq...is that this is Iraq’s time. Why am I only now showing excitement about this effort. This excitement comes because of all the components I see now coming together and I can see the writing on the wall of the end result.

All Markets Tanking, What's Next? | Todd "Bubba" Horwitz

Liberty and Fnance:  4-4-2025

https://www.youtube.com/watch?v=M7szuwl5qcA

(THE DESTROYER COMETH). THE TRADE WAR GOES NUCLEAR. STOCK MARKET IN FREEFALL DOLLAR DE@TH.

Greg Mannarino:  4-4-2025

https://www.youtube.com/watch?v=IFfq-aAI5vo

Trust in the US Dollar is Eroding

Trust in the US Dollar is Eroding

Liberty and Finance:  4-3-2025

In a recent interview with Liberty and Finance, Miles Franklin CEO Andy Schectman delivered a compelling analysis of the current market landscape, reaffirming the enduring value of gold and silver as essential components of a well-rounded investment portfolio.

With global economies teetering and trust in traditional financial systems eroding, Schectman’s insights provide crucial context for understanding the role of precious metals in navigating an increasingly uncertain world.

Schectman addressed the anxieties swirling around the recent market volatility, emphasizing the historical stability and time-tested nature of gold and silver.

He argued that in times of crisis, when faith in fiat currencies and complex financial instruments falters, the inherent value of these metals shines through. This intrinsic value, independent of government policies and corporate performance, makes them a crucial hedge against inflation and economic downturns.

The discussion delved into the complex global flow of physical gold and silver, shedding light on the changing dynamics of supply and demand. Schectman pointed out the growing demand for physical metals in Eastern nations, particularly in China and India, where a cultural affinity for gold coupled with economic growth is driving significant accumulation.

 This shift in demand dynamics, he argued, is a key factor supporting the price of precious metals in the long run.

He also highlighted the potential vulnerabilities in the Western financial system, particularly concerning the availability of physical metals to back paper claims. The interview explored the potential for supply disruptions and the importance of owning physical metals rather than relying solely on paper representations.

A central theme of the conversation revolved around the erosion of trust in traditional financial institutions and government policies. Schectman argued that this decline in trust is a significant driver for individuals seeking refuge in tangible assets like gold and silver.

He also explored the geopolitical factors influencing the precious metals market, including international tensions, trade wars, and the potential for currency manipulation. He emphasized the importance of understanding these global forces and their potential impact on the value of gold and silver.

The interview transcended the technical aspects of investing, delving into the personal impact of owning gold and silver. Schectman shared compelling client testimonials, highlighting the sense of security and peace of mind that comes with possessing tangible wealth in uncertain times.

In conclusion, Andy Schectman’s insightful analysis paints a clear picture of the critical role gold and silver play in safeguarding wealth and navigating turbulent economic waters.

His emphasis on the enduring value of these tangible assets, coupled with his understanding of the global forces shaping the market, makes a compelling case for incorporating precious metals into any well-diversified investment strategy.

https://youtu.be/XJl9WI_Tc8g

Coffee with MarkZ and Mr. Cottrell. 04/04/2025

Coffee with MarkZ and Mr. Cottrell. 04/04/2025

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: TGIF…welcome to a weekend

Member: Good Morning…..Praying for some tangible progress today Mark. Give it to us!!!

Member: Waiting on this RV is making my hair gray..lol

MZ: Got a report from redemption and wealth management folks …..they are working this weekend. But only a half day on Sunday…..not on Saturday

Member: MarkZ... I have close contacts in Japan and South Africa who are rumored to getting 4B Notifications starting today. Wealth Managers are calling in people and Paymasters. Their procedures are in play…hope it’s true.

MZ: Perhaps something is afoot. My last update is for groups to start taking in 4b somewhere around Tuesday …Things have been difficult for all of us right now….. News has been all up and down like a yo-yo.

Member: I wonder where we are with the bondholders ?

MZ: Here is a big one for you. “ASYCUDA representative to Rudaw: Iraq has completed the automation of 18 border crossings”  We were told they would secure their financial borders right before we went. They now have secure borders and I think this is an important piece.

MZ: “ APIKUR urges swift resumption of Kurdistan Region oil exports”  they desperately want that il to start flowing and are waiting on the rest of the arrangements to be made.

Member: It’s always something over there….sigh

MZ: I am hearing they are (once again) very close. I am hearing they hope to sign everything on Sunday for oil to start flowing Monday morning.

MZ: “Al-Asadi: A 100% Iraqi company will manage the development road project and be linked directly to the Prime Minister”  I love this one….All about sovereignty.  These huge projects will be managed and run by Iraqis.

MZ: “ Free Iraq from Iran act: US legislative efforts to curb Iranian influence”  US representative Joe Wilson , a Republican from S. Carolina introduced this bill and it is all about making Iraq sovereign and free and stable.

MZ: “ Investors react to Global selloff as Japan Banks tank”  They were already broken…Many nations have been artificially propping themselves up.

Member: Dow -1092 so far this morning

Member: I heard Klaus Schwab stepped down from the World Economic Forum. …that’s a BIG DEAL!

Member: I heard Iraq has until April 9th to reset their currency or face 39% tariffs. hmmm

Member: Is anybody else getting frustrated that we are just being stung along with this whole RV process.

Member: This has sure been a long movie.

MZ: I am ready for our happy ending.

Member: While Garth Brooks has friends in low places. I have friends who are going places.

Member: This weekend Please Mark!! Let’s make this happen… we all need to think it in….

Member: RV was always said to run east to west. We should hopefully hear something in the U.S. by next week!

Member: If Japan & SA are getting 4B notifications, we should hear something next week? East to West as they always said, right? Fingers crossed

Mod: BREAKING NEWS: MarkZ's WEEKEND email address: Don't Write Me@NeverOnWEEKENDS.Com SERIOUSLY, MARK NEEDS A LITTLE TIME FOR HIMSELF FOR REST AND REC. THANK YOU!!

Member: Enjoy your Friday everyone.

Mr. Cottrell joins the stream today. Please listen to the replay for his information and opinions.

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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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 DAY! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:    https://www.youtube.com/watch?v=MCNiPZZ_n68

Seeds of Wisdom RV and Economic Updates Friday Morning 4-4-25

Good Morning Dinar Recaps,

COINBASE SAYS FDIC NOT COOPERATING WITH EXCHANGE’S FREEDOM OF INFORMATION REQUEST IN NEW COURT FILING

Coinbase’s legal representatives say the U.S. Federal Deposit Insurance Corporation (FDIC) hasn’t been cooperating with Freedom of Information Act (FOIA) requests.

Coinbase has been attempting to leverage FOIA to uncover instances of the FDIC asking banks to freeze crypto services, known as “pause letters,” but the top US crypto exchange says the regulator hasn’t been complying with its information requests.

Paul Grewal, Coinbase’s chief legal officer, claims the pause letters were part of “Operation Choke Point 2.0,” an alleged attempt by Biden Administration government regulators to stifle the crypto industry.

The exchange hired the law firm History Associates, which filed a motion in January asking a federal court to intervene.

The following month, the court paused the FDIC’s deadline to respond to History Associates’ amended FOIA complaint “so that the parties could engage in a biweekly, informal information-sharing process,” according to the law firm.

Coinbase’s legal representation has requested information regarding the FDIC’s response to its FOIA requests, specifically concerning the regulator’s policy or practice of “failing to conduct complete searches of all relevant databases and failing to take adequate steps to preserve responsive documents.”

In a new motion filed this week, History Associates now says the FDIC is “unwilling to cooperate” with these FOIA requests.

“The only viable path forward is for the case to resume and proceed to litigation of the merits.”

Last month, the FDIC released redacted documents related to its supervision of crypto-related activities, which include pause letters sent to 24 banks as well as communications and records involving other regulated institutions.

House Oversight Committee Chairman James Comer (R-KY) subsequently sent a letter to FDIC Acting Chairman Travis Hill requesting unredacted copies of the documents.

@ Newshounds News™
Source:  DailyHodl

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BRICS: 2 COUNTRIES OFFICIALLY LOOK TO TRADE IN LOCAL CURRENCIES

BRICS members Brazil and China have officially agreed to settle cross-border payments in local currencies rather than the US dollar. Brazilian authorities support expanding the use of national currencies and are looking at opportunities to increase the payment option. The Luiz Lula da Silva administration is gearing up to end reliance on the US dollar before the upcoming summit.

BRICS: Brazil & China Look at Local Currencies For Trade Settlements

Both the BRICS members Brazil and China are drawing plans to push local currencies forward for mutual payments. Brazil’s Secretary of the Finance Ministry Tatiana Rosito said that some trade between the two countries is already being settled in national currencies and not the US dollar. Lula da Silva had previously stated that the alliance must slowly end dependency on the US dollar.

“The trade in local currencies is already underway, for example, between Brazil and China,” said Rosito. She added that Brazil fully supports using local currencies and is chalking out plans to make it a reality. “No obstacles exist to that on the side of Brazil,” the official said.

“Therefore, the goal of BRICS is to expand the use of local currencies in any way that will make it possible to reduce costs and will be of interests for association’s members,” said Rosito. She also highlighted how the BRICS bank ‘New Development Bank’ helps the alliance bypass the dominance of the US dollar.

“Opening of this bank reflects the aspiration of BRICS members to proactively participate in transformation of the economic and financial order,” using local currencies, Rosito summed it up. In conclusion, the de-dollarization agenda is alive and thriving in 2025 as the alliance members are forging new ties.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

INSTITUTE OF PEACE’ DELETED ONE TERABYTE OF DATA TO COVERUP THEIR CRIMES, BUT DOGE FOUND IT…  |  Revolver

@ Newshounds News™

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Do I Have to Worry About Gift Tax?

Do I Have to Worry About Gift Tax?

If I Give My Child $30,000 Towards Their Wedding, Do I Have to Worry About Gift Tax?

Mark Henricks  Sat, July 27, 2024   SmartAsset

Imagine your child is getting married and you want to help pay for their wedding. You’ve been saving for years and now have $30,000 set aside for their big day, which you plan to hand over in the form of a check.

However, before you pass along that much cash, it’s important to understand the potential tax implications of making a $30,000 gift. A gift that size could require you to pay the federal gift tax, which can reach up to 40%. The good news is you may avoid paying gift taxes altogether, but there are reporting requirements and other limitations to keep in mind. Consult a financial advisor to minimize your gift tax obligations.

Federal Gift Tax at a Glance

The federal gift tax applies when you transfer money or property to someone else without receiving something of equal value in return. Gift tax rates range from 18% to 40% based on the size of the gift.

However, not all gifts trigger this federal tax. The IRS allows you to give away up to $17,000 ($34,000 for married couples) per year to each individual without owing any taxes on the gift. This is called the annual exclusion, and in 2024 it will increase to $18,000 per person.

However, gifts that exceed this annual exclusion aren’t necessarily taxed either. Instead, they reduce the amount of money or property you can give away tax-free over the course of your lifetime. This lifetime limit is known as the basic exclusion amount or lifetime exemption and it’s adjusted each year for inflation.

The gift tax only applies when you exhaust your lifetime exemption. In 2023, a person can give away up to $12.92 million over the course of their lifetime without triggering the gift tax (this will increase to $13.61 million in 2024). For example, if someone were to give away $13 million, they would pay gift taxes on only $80,000. And if you need additional help planning for major gifts, consider matching with a financial advisor.

How the Gift Tax Could Affect a $30,000 Wedding Gift

If you want to give a child $30,000 to help pay for a wedding, there are a few different ways it could be structured.

As a gift solely from you to your child, a $30,000 wedding gift would avoid most tax liability on its own. The gift only exceeds the $17,000 annual exclusion for 2023 by $13,000, so that’s all that could potentially be taxable if you’re single.

If this is your first time exceeding the annual exclusion, there’s more good news. In that case, the $13,000 excess would simply reduce your $12.92 million lifetime exclusion by that amount. You would not actually have to pay any gift tax unless you exceed your remaining lifetime exclusion, though you still have to fill out Form 709.

Alternatively, you could gift both your child and their future spouse $15,000 each and avoid the annual exclusion threshold (remember, you can gift up to the annual exclusion amount per year per person).

To make sure you structure your gifts in your best interest, talk it over with a financial advisor.

How to Avoid Gift Tax on a $30,000 Wedding Gift

TO READ MORE: https://www.yahoo.com/finance/news/worry-gift-tax-pay-30-122213443.html

News, Rumors and Opinions Friday AM 4-4-2025

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 4 April 2025

Compiled Fri. 4 April 2025 12:01 am EST by Judy Byington

Possible Timing, Global Currency Reset: (RUMORS)

Thurs. 3 April 2025: EBS Activation (allegedly) complete. Worldwide Black Swan. President Trump will send out five more presidential messages. (clock on Q ticks to Wed. 2 April 11 pm EST). …Steve Bannon on Telegram

On Tues. 25 March 2025 President Trump (allegedly) activated the new gold/asset-backed Global Quantum Financial System (QFS) powered by XRP.

Tues. 25 March 2025 Mr. Pool: Reports from Reno suggest that the first batches of ZIM holders have been escorted under military guard to classified exchange points. https://t.me/Official_MrPool

On Tues. 25 March at 2am EST Tier 3 and T4a Paymasters were (allegedly) made LIQUID. …Mel on BOOM Call https://youtu.be/VSmR4LfsfYs

Thurs. 27 March 2025 Bruce: Bond Holder Paymasters were saying Bond Holders would have access to their accounts last weekend. As of ten am Thurs. 27 March 12% of Bond Holders had gone through. Multiple sources said Tier4b (Us, The Internet Group) would likely get notification to set appointments very soon. The full revaluation will (allegedly) happen after Tues. 1 April 2025. The month of April will see an increase in Social Security payments. On Thurs. 27 March the 800 number was being loaded into the various systems.

On Mon. 31 March 2025 Nesara Gesara was(allegedly)  made official throughout the World. …White House Post on Telegram

On Mon. 31 March 2025 a high level contact reported that Tier4a (SKRs, Groups) (allegedly) started exchanging today Mon. 31 March. They anticipated that Tier4b (Us, the Internet Group) would begin exchanges by around Thurs. 3 April.

~~~~~~~~~~

Bruce:

Today Thurs. 3 April algorithms and 800 numbers were loaded. There was a problem with Bonds, but it got solved this afternoon.

We can receive the 800 number at any time. Bruce will post it on his website.

We will call for an appointment, but there will be a three day waiting period before they call us and let us know when our actual appointment will be.

There were 26,000 Bonds that were bogus.

~~~~~~~~~~

Global Financial Crisis:

Thurs. 3 April 2025: Several top financial institutions are now forecasting that gold could reach $3,500 per ounce by the end of the year. Bank of America recently raised its target to $3,500, citing increased demand from investors and central banks. Goldman Sachs also revised its forecast to $3,300, pointing to growing interest in gold as a hedge against economic and geopolitical uncertainty. These updates come amid rising concerns over U.S. trade policies and a global shift toward safe-haven assets like gold. …Quantum Financial System on Telegram

Thurs. 3 April 2025: BOOM!!! TRUMP ERASES IRS, LAUNCHES EXTERNAL REVENUE SERVICE – AMERICANS FREED FROM INCOME TAX FOREVER! VIDEO – amg-news.com – American Media Group

Thurs. 3 April 2025 Bombs Away: https://www.unilad.com/news/us-news/donald-trump-tariffs-stock-market-impact-2-trillion-drop-732704-20250403

Thurs. 3 April 2025: APRIL 2ND: LIBERATION DAY — TRUMP’S TARIFF SHOCKWAVE SHATTERS GLOBALISM & IGNITES A NEW GOLDEN ERA! VIDEO – amg-news.com – American Media Group

Thurs. 3 April 2025: BREAKING NEWS ALERT: TRUMP FORCES CANADA TO DROP ALL TARIFFS — APRIL 2 DECLARED LIBERATION DAY! VIDEO – amg-news.com – American Media Group

Read full post here:  https://dinarchronicles.com/2025/04/04/restored-republic-via-a-gcr-update-as-of-april-4-2025/

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

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

Mnt Goat   My impression of this news... the ongoing effort for the economic development in Iraq...is that this is Iraq’s time. Why am I only now showing excitement about this effort. This excitement comes because of all the components I see now coming together and I can see the writing on the wall of the end result.

Mnt Goat   ...I do not believe for one second, they intend to use the US dollar anymore for trade in the near future, actually they just told us this recently, so we know its now a FACT. They told us they will be using their own currency – the digital dinar. If this ain’t a WOW! I don’t know what is…lol...But how can they do this without the IQD on FOREX...

Frank26  We need to wait till after EID to see what these reforms are all about.  My prayer is that they are about a new exchange rate to make that budget work. 

Landmark Gold Bill Blocked! Mystery Looms Over Gov’s Shocking Veto

Daniela Cambone:  4-2-2025

We've got to get back to sound money and just compete on the world stage,” urges Utah Rep. Ken Ivory.

In this exclusive interview with Daniela Cambone, Rep. Ivory discusses the groundbreaking HB306 bill, which, if passed, would make Utah the first state in the U.S. to allow vendor payments in gold.

The bill passed unanimously in the House and secured strong support in the Senate, yet it was vetoed by Gov. Spencer Cox.

Despite this setback, Rep. Ivory remains optimistic: “Every Republican, every Democrat voted for it in the House, and 25 out of 29 senators voted for it in the Senate. Those are veto-proof majorities. So why he would veto it is really kind of inexplicable.”

Beyond HB306, Rep. Ivory warns of the nation’s growing debt crisis and advocates for a return to sound money. Don’t miss this crucial conversation on where HB306 is headed and what it means for the future of sound money in the U.S.

CHAPTERS:

00:00 Current status of bill HB306

 2:31 Bill vetoed

5:00 Utah’s gold reserve

 6:34 Future of HB306 bill

7:20 Implications of bill

 8:41 Progress of bill

10:57 History of HB306 bill

 13:22 Ken’s background in gold

15:20 Advice from Ken

16:38 Gold

19:05 States in action

https://www.youtube.com/watch?v=Z-YUS_-oUA0

“Tidbits From TNT” Friday Morning 4-4-2025

TNT:

Tishwash:  Iraq Signs Contract for New Economic City

The National Investment Commission (NIC) has signed the Task Order for Phase One of developing the Al-Tayeb Specialised Economic Service Zone in Maysan Province, positioning it as Iraq's first integrated economic city.

Key Developments:

NIC Chairman Dr. Haider Mohammed Makiyah stated that Al-Tayeb Economic City will attract global investors across agriculture, industry, tourism, housing, and entertainment sectors, serving as a model for future multi-service economic cities in other provinces.

The contract, signed with U.S. firm KBR, includes strategic economic studies, investment opportunity packaging, and sectoral planning for the area.

The project aims to:

Establish a major economic hub linked to the Development Road project.

Boost Iraq's economy and provide local employment in Maysan.

Strengthen interagency coordination for smooth project execution.

The meeting was attended by the Governor of Maysan, members of Executive Order Committee 24771, the Maysan Investment Commission, and representatives from the Prime Minister's Office. Discussions focused on ensuring timely implementation, promoting sustainable development, and creating attractive investment opportunities in Iraq.  link

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

Tishwash:  Estimated at $6 billion, the US aims to reduce its trade surplus with Iraq through customs duties.

The United States has imposed tariffs on Iraqi exports as part of an economic policy aimed at narrowing the trade gap between the two countries. This move is part of US President Donald Trump's strategy, which has targeted several countries that have a trade surplus with the United States.

According to economic researcher Ziad Al-Hashemi, "Iraq currently enjoys a trade surplus estimated at approximately $6 billion, most of which stems from oil exports to refineries in Texas and California, which Washington is seeking to reduce by imposing customs duties on Iraqi exports."

Al-Hashemi explained in a blog post followed by the Iraq Observer that the US administration aims to achieve several goals through these tariffs, most notably:

• Reducing Iraq's trade surplus by making its exports to the United States less competitive.
• Encouraging Iraq to increase its imports of American products, which could strengthen trade relations between the two countries for the benefit of American companies.
• Influencing Iraqi economic policy by pushing Baghdad to open its economy more broadly to American investments and companies.

Al-Hashemi emphasized that "Iraq has alternative options if these tariffs continue to be imposed, most notably redirecting its oil exports to other markets, which could negatively impact American companies that rely on Iraqi oil, in addition to the possibility of higher fuel prices in the United States."

He pointed out that "the door to negotiations between Baghdad and Washington remains open, as the Iraqi government seeks solutions to minimize the impact of these tariffs on its economy, emphasizing that Iraq possesses powerful leverage, most notably the importance of its oil in meeting some of the needs of the American market."

The Iraqi economic community is awaiting developments in this crisis, amid fears that US pressure will force Iraq to make economic concessions or increase its reliance on alternative markets to avoid potential losses.  link

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

Tishwash:  An economist reveals the second part of the impact of Trump's tariffs on Iraq.

Economic expert Nabil Al-Marsoumi revealed, on Friday (April 4, 2025), the second part of the negative impacts of US President Donald Trump's customs tariffs, which are likely to affect Iraq.

Al-Marsoumi confirmed in a Facebook post, followed by Baghdad Today, that "in addition to the negative impact of Trump's tariffs on oil prices and revenues, there is a fear that American banks will impose fees on Iraqi transfers to other countries when paying for imports, by converting dollars into the currencies of those countries."

Al-Marsoumi added, "There are also fees imposed on returns on investing dollar reserves in the US when they are converted into other foreign currencies, since oil revenues are deposited in the US pursuant to international and US decisions."

On Wednesday, US President Donald Trump announced that he would sign an executive order today (Wednesday) to impose reciprocal tariffs.

Trump said in a press statement: "We will begin implementing reciprocal tariffs starting tomorrow, Thursday, and we will impose on all countries the same rates of tariffs that they impose on us."

"Foreign cheats looted our factories, foreign thieves tore apart our beautiful American dream, and today is one of the most important days in American history because it marks our declaration of economic independence," he added.

Trump continued, "We imposed a 2.5% tariff on foreign cars, and the European Union imposes a 10% tariff on us. Starting at midnight tonight, we will impose a 25% tariff on all foreign cars."

"We will impose customs duties of up to 2.8% on many goods, while other countries impose duties of 200 to 400%," he explained.

The US President stated, "These tariff measures will enable us to make America great again, more than ever before," noting that "jobs and factories will return to the United States, and prices will fall for consumers."

He accused what he described as "foreign cheats of looting US factories and foreign thieves of tearing up the beautiful American dream," as he described it.

Trump said, "Today is one of the most important days in American history because it marks our declaration of economic independence."

He announced the imposition of "customs duties of 26% on imports from India, 34% on imports from China, 32% on imports from Taiwan, 30% on imports from South Africa, 10% on imports from Britain, 32% on imports from Indonesia, 10% on imports from Brazil, 49% on imports from Cambodia, 24% on imports from Japan, and 10% on imports from Singapore."  link

Mot: Another Reason to Love da Internet - ((( Back Soon - Recharging )))

Mot: ... ooooh Mommy! - Lets get a Dog - I'll Take Care of it!!

Iraq Economic News and Points to Ponder Thursday Evening 4-3-25

Al-Mashhadani And The US Chargé d'Affaires Affirm The Importance Of Strengthening And Developing Bilateral Relations

Thursday, April 3, 2025| Politics Number of readings: 110  Baghdad / NINA / Speaker of Parliament Dr. Mahmoud Al-Mashhadani and the Chargé d'Affaires of the United States Ambassador to Iraq Daniel Rubinstein stressed the importance of strengthening and developing bilateral relations.

A statement by Al-Mashhadani's media office said that the Speaker of Parliament received today the Chargé d'Affaires of the United States Ambassador to Iraq Daniel Rubinstein, who extended his congratulations to the Speaker of Parliament on the occasion of Eid Al-Fitr, wishing well for Muslims and Iraq on this occasion.

According to the statement, the meeting dealt with emphasizing ways to strengthen and develop bilateral relations between the two countries in the political and economic files and developing investment to serve the interests of the two countries.

The meeting also discussed the security situation and the importance of stability in Iraq, and its reflection on the upcoming parliamentary elections, which the political blocs are preparing to participate in. /End   https://ninanews.com/Website/News/Details?key=1195487

The Yellow Metal Soars And Renews Its All-Time High

Money and Business   Economy News - Follow-up   The price of gold futures for June 2025 delivery on the Comex (a division of the New York Mercantile Exchange) hit an all-time high on April 2, 2025.

Data available from the trading platform indicates that the price of an ounce of gold has risen above $3,200.

By 23:29 Moscow time on April 2, the price of gold had risen 1.12% to $3,201.6 per ounce. By 07:00 Moscow time on April 3, the price of gold had slowed to $3,171.5 per ounce (up 0.02%).

Gold prices, a precious metal long considered a safe haven during times of economic and geopolitical instability, continue their steady upward trend, reaching new highs in the markets.

Meanwhile, the price of Brent crude futures for June 2025 delivery on the London ICE Futures Exchange fell 0.12% to $73.28 per barrel. The price of West Texas Intermediate crude futures for May 2025 delivery fell 0.06% to $70.03 per barrel.   https://economy-news.net/content.php?id=54048

World Gold Council: 29% of central banks plan to purchase gold by 2025
 
Economy     gold     buying     countries  2025-04-01 00:20  Shafaq News/ The World Gold Council confirmed on Tuesday that 29% of countries' central banks intend to purchase the precious metal in 2025. The council said in a report seen by Shafaq News Agency that
 
"29% of countries' central banks intend to purchase gold during the current year," noting that
 
"the purchases are due to the 
 
     desire to restore balance to a more strategic level in these reserves, 

     financial market concerns,
 
as well as the
 
     increased risks of crises and
 
     rising inflation." He added that
 
"gold continues to attract the attention of central banks as a reserve asset," noting that
 
"increasingly complex geopolitical and financial factors make managing gold reserves more important than ever."

He pointed out that  "central banks added

     1,037 tons of gold in 2023, the second-highest annual purchases in history, after setting a record of

     1,082 tons in 2022."
 
Iraq has gold reserves of 162.7 tons,
 
ranking 28th among countries with the highest reserves of the precious metal.  
  
https://shafaq.com/ar/اقتصـاد/المجلس-العالمي-29-من-البنوك-المركزية-للدول-تعتزم-شرا-الذهب-العام-2025 

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

China: I See Your Trade War And Raise You A Cyberwar

China: I See Your Trade War And Raise You A Cyberwar

Notes From the Field By  James Hickman (Simon Black) April 2, 2025

It was sometime in the spring of 323 BC when Alexander the Great-- the “King of the World”-- passed through the gates of ancient Babylon for the last time.

He had already conquered the city nearly a decade before. But his men were worn out from fighting in India and Persia, and Babylon was a secure place to give his army a much-needed rest.

They remained there for a few months, until, quite suddenly, Alexander became extremely ill on either the 10th or 11th of June and then died.

 The cause of his death is unknown. Some say he was poisoned. Others blame malaria, typhoid fever, or complications from his battle wounds.

 What is certain, however, is that he left behind no legitimate male heir, as his wife was still pregnant at the time of his death. So almost immediately a power struggle broke out as to who would succeed him.

 Macedonian tradition at the time dictated that whoever buried Alexander’s body would be the rightful claimant to his empire.

 Well, Alexander’s dying wish was to be buried at an oasis in North Africa-- more than 1,000 miles away. So you can just imagine the nearly year-long cat-and-mouse game where all of these generals and nobles vying for the throne continually tried to steal Alexander’s corpse from one another.

There were assassinations, sabotage, secret missions, and more, not to mention full-blown warfare among the various factions which ultimately lasted for decades-- ironically far longer than Alexander reigned.

 In the end, Alexander’s empire broke apart. And one of the victors-- a former general and bodyguard, named Ptolemy-- ended up taking over Egypt and established a ruling dynasty that lasted for centuries.

 Their economic system in the ancient Ptolemaic Kingdom was essentially what we would today call “national capitalism”.

 The bureaucracy was massive. Absolutely massive. Onerous regulations controlled commerce and trade. Nothing was produced that wasn’t in the government’s interest. Caravan routes and waterways were owned by the state, and their use was heavily taxed.

There were taxes on salt, stamp duties on legal documents, taxes on inheritance, and a sales tax of 10%. Plus, the tax on income reached as high as 50%.

Then there were the tariffs.

 The Ptolemaic Kingdom possessed some of the finest technology in the world at that time; their fields were the most productive, and their manufactured goods were among the highest quality on the planet. So, their exports were vast and lucrative… and they traded with markets as far away as China.

 Yet even though Ptolemaic Egypt’s productive technology gave them many competitive advantages over other kingdoms, the state decided at a certain point that it needed to ‘protect’ its domestic industries. So, they imposed heavy tariffs.

The results were rather predictable. Without the benefit of low-cost imports, prices rose significantly. Greek olive oil, which cost just 21 drachmas in Athens, sold for 52 drachmas in Egypt. Trade dried up, hurting both the domestic and foreign economies alike.

 Trade disputes soon festered into trade wars, which quickly became actual wars.

 The loss of blood and treasure mounted, while rivals (like Carthage, and eventually Rome) became stronger.

 This is the basic principle behind ‘mercantilism’, i.e. the prevailing zero-sum economic philosophy that dominated the world for thousands of years. It’s based on the idea that, in order for me to win, you have to lose. I become wealthier by taking from you.

Adam Smith finally codified why this way of thinking was stupid when he published An Inquiry into the Nature and Causes of the Wealth of Nations in the year 1776. Smith, the father of capitalism, realized that wealth and abundance were infinite, and that trade was not a zero-sum game. Both sides could become better off.

 Yesterday-- supposedly ‘Liberation Day’-- constituted a gigantic step backward from capitalism… back to the zero-sum mentality of mercantilism.

I’ve written before that, yes, America has very legitimate gripes with respect to some of its foreign trading partners.

 But it seems naive that these can be solved with across-the-board tariffs on essentially the entire planet.

 If Apple doesn’t want to sell iPhones in China, they can choose to do that on their own. It seems silly to make hundreds of millions of Americans pay higher prices for imported goods to ‘avenge’ Apple’s lost profitability from Chinese import duties.

 There are so many things wrong with this policy… and very few ways in which it could go right.

 In order for tariffs to be a win, the rest of the world would just need to take it in the teeth. No other nation could impose retaliatory tariffs. Foreign businesses would need to cut their prices, and foreign central banks would need to devalue their currencies.

 US consumers would need to be very forgiving and buy the narrative that the price inflation due to tariffs is “transitory”, and that domestic production will soon bring prices back down.

 Most importantly, US businesses will need to immediately begin building new factories in America and ramp up domestic manufacturing.

But this is far easier said than done. New factories will require a host of state and local permits, and that bureaucracy could bog down industrial construction for years.

 Not to mention that many building materials for all of these new factories will need to be imported. There are exemptions in the tariffs for copper, lumber, and steel, but other imported construction materials will be 10% to 50% more expensive now.

 In short, build all of these factories will take a great deal of time and be lot more expensive. Consumers will be expected to pay the price in the meantime.

 One of the biggest questions, of course, is what happens next.

 History tells us that trade disputes often escalate into larger conflicts. And is anyone naive enough to think that the Chinese will simply bow obsequiously?

Perhaps they’ll use their army of hackers to take down parts of the US power grid and launch a mini cyberwar. Or perhaps they’ll cease exporting critical rare earth metals to the US-- so kiss your iPhone goodbye.

 We also could easily see a number of countries (including in Europe) retaliate by canceling visa-free travel for US citizens… and several countries start pulling their funds out of the United States-- either in retaliation or out of fear.

 This might even lead to the US imposing capital controls in order to stop foreigners from moving their money out.

 Bottom line, it could get very messy, very quickly.

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

https://www.schiffsovereign.com/trends/china-i-see-your-trade-war-and-raise-you-a-cyberwar-152427/?inf_contact_key=8f59fbfeda267ecf87272576cc8252e4611c10abb7b3657801e6f799df81c049