“Bits and Pieces “ in Dinarland Tuesday 3-18-2025
Gold Telegraph: The US Must Lead the Global Monetary Reset
3-18-2025
What’s the biggest wake-up call for the Western world right now?
The realization that, despite having world-class resources in their own backyards, they lack the infrastructure to refine them.
For too long, this truth has been ignored. People are now waking up.
Gold Telegraph: The US Must Lead the Global Monetary Reset
3-18-2025
What’s the biggest wake-up call for the Western world right now?
The realization that, despite having world-class resources in their own backyards, they lack the infrastructure to refine them.
For too long, this truth has been ignored. People are now waking up.
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Without vision, you are nothing. Visions gives purpose and purpose gives energy. Energy makes our world spin.
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BREAKING NEWS: THE RUSSIAN CENTRAL BANK HAS PROPOSED RESTRICTING CRYPTOCURRENCY TRANSACTIONS TO THE WEALTHIEST INDIVIDUALS
Time for a commercial break.
“Bank says proposal follows direct instructions from Putin…”
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BREAKING NEWS: SPOT GOLD CROSSES $3000.
It is like poetry at this point.
The US dollar is at a new record low vs. gold $3006.
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I asked one of the leaders at the world’s most valuable gold producers if we are on the cusp of a global monetary reset. Sean Boyd warned that the United States must lead, or its currency will be at risk.
As adversaries shift to gold and explore alternatives to the dollar, Western allies are starting to experience plenty of confusion. Sean mentioned we are in a potential world of inflation and recession.
https://twitter.com/i/status/1901830159952642122
https://dinarchronicles.com/2025/03/18/gold-telegraph-the-us-must-lead-the-global-monetary-reset/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV says within hours oil can flow [into Turkey]. Why you asking me? FRANK: I didn't know it was already flowing or tested flowing or is about to flow in a few hours or can flow in a few hours. Dear God because if the oil flows, the exchange rate flows IMO. FIREFLY: My opinion is all related to the mechanism in this Article 12-2c. 12-2c will give us the new value...They are saying within hours oil can start...The budget table are coming. All is pointing to a Real Effective Exchange Rate IMO. FRANK: I agree Article 12-c holds the key, which is the new exchange rate.
MarkZ There are rumblings in some of the “Currency Groups” trying to buy up currency from other smaller groups. Not sure where the funds are coming from…but there seems to be a mad dash right now to consolidate. I am trying to get more information but this could be a huge sign. There is no way (IMO) that they would spend those dollars unless they believe they would shortly get them back. This is good news from the currency side of this.
Iraq IMF | World Bank | Rate & New Fears Facing the Iraqi People
3-18-2025
Iraq IMF | World Bank | Rate & New Fears Facing the Iraqi People - Iraq is taking significant steps to bolster its economy as Finance Minister Taif Sami meets with World Bank representative Jean-Christophe Carret to discuss vital projects aimed at job creation and infrastructure development.
This partnership opens up a crucial line of credit, ensuring funding for economic growth. Additionally, Iraq's meetings with the IMF in Amman highlighted a projected 5% growth in non-oil GDP by 2024, emphasizing the need for reforms to reduce oil dependence and attract foreign investment.
However, as the U.S. pivots focus towards other global challenges, Baghdad expresses concerns over military withdrawal and its implications for security and stability against Iranian influence.
$3000 Gold - What's Next? | Francis Hunt
Liberty and Finance: 3-17-2025
$25,000 or $50,000 or $55,000? The Big Gold Revaluation Will SHOCK the Entire World - Mario Innecco
$25,000 or $50,000 or $55,000? The Big Gold Revaluation Will SHOCK the Entire World - Mario Innecco
Money Sense: 3-18-2025
A revaluation would benefit the government by increasing the book value of its gold reserves, allowing it to expand its balance sheet, borrow more, and manage debt more effectively.
Additionally, it could incentivize increased mining production and boost gold imports. However, this move would weaken the U.S. dollar, as gold is priced in national currencies.
$25,000 or $50,000 or $55,000? The Big Gold Revaluation Will SHOCK the Entire World - Mario Innecco
Money Sense: 3-18-2025
A revaluation would benefit the government by increasing the book value of its gold reserves, allowing it to expand its balance sheet, borrow more, and manage debt more effectively.
Additionally, it could incentivize increased mining production and boost gold imports. However, this move would weaken the U.S. dollar, as gold is priced in national currencies.
Mario Innecco, a senior analyst, suggests that a significant revaluation of the statutory gold price could drive market prices as high as $50,000 per ounce. However, such an extreme adjustment could devalue foreign-held U.S. assets, potentially leading to economic tensions or conflict.
Currently, the value of U.S. gold reserves accounts for only about 2% of outstanding Treasuries, a stark contrast to historical figures of approximately 17% in the 1970s and nearly 40% in the 1940s.
Tavi Costa highlights that if the gold reserves were valued at 17% of outstanding Treasuries, gold would need to reach approximately $25,000 per ounce. If the ratio returns to 40%, gold could approach $55,000 per ounce.
While these figures are not direct price targets, they illustrate the potential for a significant gold valuation shift. Innceo explains that while no official decision has been made, potential legislation could increase fiat currency supply and higher inflation, likely driving gold prices up as investors seek safety against a declining dollar.
Recent economic data shows the U.S. dollar falling to 103.6, nearing five-month lows amid concerns about slow growth and trade uncertainties. February retail sales rose only 0.2%, below the expected 0.6%, following a revised 1.2% decline in January.
In this environment, gold has struggled to gain traction, trading just below all-time highs after briefly surpassing $3,000. The outlook appears bullish as inflationary pressures and economic uncertainties drive demand for safe-haven assets.
Mario Innecco suggests that the proposed Bitcoin Strategic Reserve Bill may cover significant changes related to gold, particularly in managing gold certificates held by the Federal Reserve. There is growing speculation that such a bill could be used to facilitate broader shifts in the U.S. financial system, potentially altering the role of gold and introducing new mechanisms for valuation.
One of the most ambitious proposals comes from Senator Cynthia Lummis, who suggested that the U.S. Treasury could swap some of its gold reserves for Bitcoin.
The United States holds approximately 8,100 tons of gold in its vaults, making it one of the largest gold holders globally.
If even a tiny fraction of these reserves were sold and converted into Bitcoin, the U.S. could amass a Bitcoin reserve of around one million coins—roughly 5% of the total Bitcoin supply that will ever exist.
This idea is notable because a gold-for-bitcoin swap could be done without affecting gold's official "book value" on the Treasury’s balance sheet. The Treasury values its gold at $42.2222 per ounce, a figure set in 1973 and never updated, resulting in a valuation of about $11 billion.
This is far below the current market price of around $2,900 per ounce. Revaluing its gold holdings could significantly enhance perceived value and create financial flexibility for alternative assets like Bitcoin.
Seeds of Wisdom RV and Economic Updates Tuesday Morning 3-18-25
Good Morning Dinar Recaps,
WILL PAUL ATKINS LEAD THE SEC? SENATE PREPS FOR HIGH-STAKES CONFIRMATION HEARING
▪️Paul Atkins' SEC confirmation faces delays due to financial disclosure issues linked to family.
▪️Senate Banking Chair Tim Scott schedules March 27 hearing to review Atkins’ nomination process.
▪️If confirmed, Atkins may take a crypto-friendly approach, unlike former SEC Chair Gensler.
Good Morning Dinar Recaps,
WILL PAUL ATKINS LEAD THE SEC? SENATE PREPS FOR HIGH-STAKES CONFIRMATION HEARING
▪️Paul Atkins' SEC confirmation faces delays due to financial disclosure issues linked to family.
▪️Senate Banking Chair Tim Scott schedules March 27 hearing to review Atkins’ nomination process.
▪️If confirmed, Atkins may take a crypto-friendly approach, unlike former SEC Chair Gensler.
Paul Atkins, President Donald Trump’s pick for U.S. Securities and Exchange Commission (SEC) chair, is finally moving closer to confirmation after months of delays. The Senate has now set a crucial hearing for March 27 – one that could determine the future of financial and crypto regulations in the U.S.
His nomination hasn’t been smooth sailing. But with momentum building, is he about to take the top job at the SEC? Here’s what you need to know.
Delays and Challenges in Atkins’ Confirmation
Atkins was nominated on December 4, but his confirmation has been delayed due to financial disclosure concerns. The Senate is closely reviewing his financial ties, particularly those linked to his wife’s billionaire family.
His wife’s family is associated with TAMKO Building Products LLC, a major roofing company that generated $1.2 billion in revenue in 2023. Because of these connections, Atkins’ financial holdings are complex and require careful scrutiny before he can be confirmed.
Senate Banking Committee Takes Action
Despite these challenges, Atkins is still expected to secure the position. Senate Banking Chair Tim Scott has scheduled a committee hearing on March 27 to move his nomination forward. Ahead of this, the Senate Banking Committee will hold a bipartisan meeting this Friday to discuss his potential role.
What This Means for Crypto Regulation
If confirmed, Atkins could bring a different approach to crypto regulation. Unlike former SEC Chair Gary Gensler, who was tough on the industry, Atkins is seen as more open to working with crypto firms.
With past experience as an SEC commissioner from 2002 to 2008 and a background as a corporate lawyer, Atkins is known for favoring clearer and fairer financial regulations. Many in the crypto industry hope his leadership will offer more stability and transparency.
Confirmation Process Finally Moving Forward
Atkins has been waiting nearly four months since his nomination—delays that are not unusual for SEC appointments. Both Gary Gensler and Jay Clayton also faced long waits before officially taking office.
If confirmed, Atkins could bring a fresh perspective to the SEC—one that could shake up crypto rules and financial oversight. Either way, all eyes are on March 27.
@ Newshounds News™
Source: Coinpedia
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SWISS CANTONAL BANK STARTS OFFERING CARDANO AND AVALANCHE TO MEET INCREASED DEMAND
Swiss bank Zuger Kantonalbank has added Cardano and Avalanche to its cryptocurrency offering through a partnership with crypto-focused bank Sygnum.
Zuger Kantonalbank, a Swiss universal bank, has expanded its cryptocurrency offerings to include Cardano Avalanche through a partnership with crypto-focused Swiss bank Sygnum.
In a blog announcement on March 17, Sygnum said the expansion was driven by “increased customer demand” amid what it described as growing regulatory clarity in the U.S. and E.U., as well as the establishment of a U.S. Strategic Bitcoin Reserve.
The bank’s fiat-to-crypto transactions are facilitated through Sygnum’s gateway, while Zuger Kantonalbank customers can access the service via e-banking and its mobile app.
Jan Damrau, head of corporate management and member of the Zuger Kantonalbank executive board, says the addition of ADA and AVAX enables the bank’s clients to “further develop their crypto portfolios conveniently with their principal bank – at a time when digital assets are approaching a global inflection point in terms of adoption.”
“The latest expansion of Zuger Kantonalbank’s token universe illustrates the strong demand for additional tokens with diverse use-cases to complement major protocols like Bitcoin and Ethereum.” Fritz Jost, Sygnum Bank chief B2B officer.
In early January, Sygnum raised $58 million in its Strategic Growth Round, pushing its value to over $1 billion and making it a “unicorn.” The funding round was oversubscribed, with Fulgur Ventures, a Bitcoin-focused venture capital firm, as the cornerstone investor. New and existing investors, along with Sygnum team members, also participated in the funding.
@ Newshounds News™
Source: Crypto News
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News, Rumors and Opinions Tuesday AM 3-18-2025
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 18 March 2025
Compiled Tues. 18 March 2025 12:01 am EST by Judy Byington
Possible Timing: No one knows the exact date of when the EBS, Global Currency Reset and exchanges of currencies and bonds at the new rates would begin, though some high up sources have indicated it would definitely be this week
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 18 March 2025
Compiled Tues. 18 March 2025 12:01 am EST by Judy Byington
Possible Timing: No one knows the exact date of when the EBS, Global Currency Reset and exchanges of currencies and bonds at the new rates would begin, though some high up sources have indicated it would definitely be this week.
Global Currency Reset:
Sun. 16 March 2025 Nesara/Gesara is now (allegedly) Global. The Game is(allegedly) Over. The Deepstatee’s Power has (allegedly) crumbled. The banking elite has (allegedly) lost power. Humanity is (allegedly) free. March 17 is not just a date – it’s a destiny. This is your last chance to witness history in the making. Stay awake. Stay connected. Everything changes March 17. …White House Post on X: https://x.com/WhiteHousePost/status/1901395121318375662?t=agEZL9jC6OJ4gubBMuzuYA&s=09 https://x.com/WhiteHousePost/status/1901395121318375662
Mon. 17 March 2025 This is Huge – An Emergency Reset Coming, Charlie Ward: https://beforeitsnews.com/prophecy/2025/03/charlie-ward-this-is-huge-3-17-2025-an-emergency-reset-coming-2569447.html
The Real News for Mon. 17 March 2025:
Mon. 17 March 2025 President Trump, “Eggs are way down from their peak. Gas prices are coming down. Oil is down to $65/barrel — it was $82/barrel when I took office — and when energy comes down, prices for everything else come down. We’re setting a good table.”
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Mon. 17 March 2025 Nesara/Gesara Law, Part 1 of 3: Gesara global welfare program. …QFS on Telegram
After the current debt-based financial system will soon be permanently dismantled, the quantum exchange system hosted on the QFS server will come online. When this happens, the public will be notified of the global implementation of GESARA/NESARA.
GESARA stands for the Global Economic Security and Reform Act, signed by all 209 of the world’s sovereign nations and is the most groundbreaking reform law to hit planet Earth.
The GESARA Prosperity Program is based on valuable funds such as the Saint Germaine World Trust. Sanctus Germanus (St. Germaine) is an inspirer and promoter of innovations, including computers and the Internet. The fund (allegedly) contains more than a quarter billion US dollars in precious metals and deliverable currencies. The word quattuordecillion is sometimes spelled quatrodecillion. This means 1$ and 45 zeros. The funds of the Saint Germaine World Trust are complementary to and separate from the World Global Settlements Fund and the Global Collateral Account.
If people only care about survival, giving them spiritual messages will not bring them the reforms needed to escape their misery.
The provisions of GESARA are enormous in scope and represent far-reaching reforms to planet Earth that will begin immediately upon the official enactment of the law. When people are aware of these reforms, they will be motivated to participate according to their abilities.
No further change is possible in today’s economically captive countries until the fraudulent debts to central banks and all other banking institutions are busted. debt and is eliminated. All banks that carried out this fraudulent scheme will(allegedly) be audited and all stolen assets will be confiscated to be returned to the people. Throughout history, nations have engaged in wars and debt.
It is important to know that the dissolution of all central banks will not cause currency, bond or stock markets to collapse. These three currencies are currently controlled by the Exchange Stabilization Fund through backdoor trading by the ESF and the US Treasury. It is now clear that the ESF controls all of these currently “free” markets.
This gold will (allegedly) eliminate globalism from the current monetary system, which is controlled by the same shareholders who own the majority of shares in the top defense contractors and all multinational corporations big money.
This system will (allegedly) abolish the Central Banks, the Federal Reserve Bank, the IRS and the USA, Inc., all financial offices.
Read full post here: https://dinarchronicles.com/2025/03/18/restored-republic-via-a-gcr-update-as-of-march-18-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man I think the '23/'24 budget schedules haven't arrived to the parliament because it's not their business. It's going to be their business after the fact. That's how I see it.
Frank26 When the new budget comes out it's up to Sudani if he wants to release a new exchange rate or if wants to continue to protect the new exchange rate. Even if it comes out 1310, the IMF said...they agree with your banks and your [Iraqi] banking reforms. You think the IMF agreed to your banking and monetary reform at 1310? Of course not.
As GOLD Hits Record $3,000 — US Will Be Desperate Enough to REVALUE its Gold Reserves
Sean Foo: 3-16-2025
Gold has hit a record high of $3,000 showcasing how trust in traditional safe haven assets are collapsing. As gold rises in value, this also makes it very attractive for the US to consider revaluing its gold reserves.
Trump waging his trade war and deficits continuing to run high, a revaluation might be a tactic to reduce the enormous burden on the US bond market.
Timestamps & Chapters:
0:00 Gold Hits Record $3,000
2:43 Trump's Economy Is Trapped
5:17 US Gold Revaluation Plan
9:08 Gold Flooding Into The US
11:38 Bessent Exposes The Truth
“Tidbits From TNT” Tuesday Morning 3-18-2025
TNT:
Tishwash: Direct implementation of the ASYCUDA system at Abu Fluos Customs in Basra
Director General of the Customs Authority, Thamer Qasim Daoud, announced today, Tuesday, the commencement of work on the ASYCUDA system at the Abu Flus Customs in Basra.
In a statement received by Al-Eqtisad News, Daoud said, "The electronic automation system (ASYCUDA) has been implemented at the Abu Flus Customs in Basra Governorate
TNT:
Tishwash: Direct implementation of the ASYCUDA system at Abu Fluos Customs in Basra
Director General of the Customs Authority, Thamer Qasim Daoud, announced today, Tuesday, the commencement of work on the ASYCUDA system at the Abu Flus Customs in Basra.
In a statement received by Al-Eqtisad News, Daoud said, "The electronic automation system (ASYCUDA) has been implemented at the Abu Flus Customs in Basra Governorate link
Tishwash: Despite the budget amendments being completed a month and a half ago, there's a "possible" reason behind the delay in the schedules.
More than a month and a half has passed since the 2025 budget amendment was passed, but the 2025 schedules have yet to reach Parliament, raising questions about the reasons behind them.
The initial obstacle to submitting the schedules was the delay in the budget amendment, but it appears the delay stems from the same reason related to Article 12 of the budget, which was amended but did not bear fruit.
Member saysFinance CommitteeParliamentarian, Mustafa Al-Karaawi, told Sumaria News that "the 2025 budget schedules were supposed to arrive before the end of the fiscal year, according to the text of Article 77, secondly, of thelawFinancial managementBut the schedules have not arrived yet, which is considered a violation of this text.
He explained that "there is information that the tables will reachHouse of Representatives"At the end of this month," he said, noting that "the delay in the schedules has disrupted many of the country's economic activities, the launch of operating budgets, and the halting of projects."
He stressed that "there are no appointments or confirmations for specific categories in the current year's budget," noting that "the allocations will be within the previous sections, but with different numbers, so the 2025 budget will be free of appointments."
The delay in sending the schedules for approval was due to the awaited amendment to the budget law, particularly Article 12 related to the Kurdistan Region's oil. After the amendment passed in early February, it was followed by significant tension and disagreements.
Despite about a month and a half having passed since the budget amendment was passed, the schedules have not yet been sent. It appears that the delay in sending the schedules is linked to the delay in resolving the issue of resuming Kurdistan's oil exports due to the ongoing disputes between Baghdad and foreign companies in Kurdistan. The Ministry of Finance and the government are unable to confirm the final expected revenue figures due to the lack of a decision on whether or not oil will be exported from Kurdistan. link'
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Tishwash: To the Ministerial Council for the Economy
Samir Al-Nusairi
Finally, forecasts indicate that the Russian-Ukrainian war is nearing a halt with US intervention. We recall that when the war broke out three years ago, oil prices soared to over $110 a barrel, resulting in a surge in oil revenues for both rentier and oil-producing countries. This included Iraq, given its rentier economy.
Unfortunately, the achieved abundance was not utilized to activate the real economy. Rather, operational allocations in the general budgets increased, and the deficit exceeded 60 trillion dinars. Now, with the inevitable expectation that the war will soon end, oil prices will fall, and it is expected that its average price will reach less than 60 dollars per barrel.
And we are still without other significant sources of national income. The Iraqi economy, God forbid, will enter a new economic and financial crisis. We expect the deficit to rise, the inflation rate to rise, and the government will be forced to borrow domestically and abroad.
Borrowing from the central bank will be required, foreign exchange reserves will decline, and external and domestic debts will rise. Since these expectations could soon be realized, they require swift action.
Here, we propose that the Ministerial Council for the Economy hold extraordinary sessions to discuss the expected new crisis and prepare for confrontation in a manner that preserves the path of economic, financial and banking reform and finds solutions and remedies to protect our national economy link
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Tishwash: Iraq negotiates first gas deal with Algeria
Sources reported on Tuesday that Iraq is currently engaged in advanced negotiations to conclude a liquefied natural gas deal with Algeria, in an attempt to complete the deal before next summer.
The TAQA platform quoted these sources as saying that the deal is expected to be announced within two months at most, with exports set to begin as soon as Iraq completes the import infrastructure.
The sources explained that the contract will be medium-term, and that the quantities will be approximately one million tons annually. However, negotiations have not yet finalized the quantity.
According to the platform, an Algerian liquefied natural gas deal with Iraq could support Baghdad's electricity sector during the summer of 2025, or perhaps at the beginning of winter.
Iraq is currently preparing the infrastructure at Khor al-Zubair port in Basra Governorate to import liquefied natural gas, which could take the next three to five months.
It is planned to contract for a floating platform for unloading and storage, and connect it to a 40-kilometer pipeline that will transport the gas by connecting it to the national pipeline near the Shatt al-Basra.
In late February, the Iraqi Oil Ministry's Undersecretary for Gas Affairs, Izzat Sabir, stated that the federal government was studying the possibility of importing gas from Qatar and Algeria after the US president revoked the exemption granted to Iraq to import this material from Iran. Sabir emphasized that the ministry was determined to stop flaring associated gas by 2030. link
*Mot: ..... This dieting Thingy - Hmmmm -- OK!! - Splain this un!!
Mot: guys Asked: Can We Paint the Crane? - Boss -- Sure!!!
Freedom Is Like Inflation: You Lose 2-3% Every Year
Freedom Is Like Inflation: You Lose 2-3% Every Year
Notes From the Field By James Hickman (Simon Black) March 13, 2025
My grandfather was born on April 19, 1915 in a dirty, one-room shack in the town of Bonham, Texas. Given the era, they had no electricity and no running water. And the family considered themselves fortunate that both mother and baby survived childbirth.
Pretty much everyone in the area was a farm laborer; they worked long, hard days in the unforgiving Texas heat trying to beckon life from ungenerous soil. But it was a living-- one that my grandfather joined at an early age.
Freedom Is Like Inflation: You Lose 2-3% Every Year
Notes From the Field By James Hickman (Simon Black) March 13, 2025
My grandfather was born on April 19, 1915 in a dirty, one-room shack in the town of Bonham, Texas. Given the era, they had no electricity and no running water. And the family considered themselves fortunate that both mother and baby survived childbirth.
Pretty much everyone in the area was a farm laborer; they worked long, hard days in the unforgiving Texas heat trying to beckon life from ungenerous soil. But it was a living-- one that my grandfather joined at an early age.
He was 14 years old-- considered a “man” by the standards of his time-- when the Great Depression struck.
Few people, including my grandfather, would have understood that the worst economic crisis in American history was a manmade virus cooked up in the laboratory of political incompetence. All he knew was that banks in his home town failed… and many of his neighbors lost their life savings overnight.
This led to a lifelong mistrust of the banking system-- not just for my grandfather, but for an entire generation.
Throughout his life he kept his savings in an old coffee can. It wasn’t a lockbox or combination safe. He didn’t even bother hiding it; my grandfather literally just stuffed bills and coins into a metal can under the kitchen sink. He didn’t worry much about security because everyone in town knew and trusted one another, and no one would dare violate another man’s home… let alone his coffee can.
The other thing he did was save. If there was one thing my grandfather hated, it was spending money. On anything. You name it.
Food? He grew it himself and fished at the nearby lake. Medical care? The man barely ever went to the doctor in his entire life. Insurance? He had no concept of what that even was. Recreation? No one had time for such trivialities.
So, he saved just about everything he earned, depositing his meager wages with a satisfying and encouraging ka-ching into the ‘Bank of the Coffee Can’ week after week.
Whenever the coffee can became overly full, he knew it was time to invest his savings into something more durable and long-lasting.
But I’m not talking about stocks. In fact, given that he lived through the Crash of 1929, my grandfather believed that only a reckless, crazy person would buy stocks. And this trauma was shared by much of his generation.
So instead, he emptied out the old coffee can and invested in the one thing that he truly understood: land, i.e. one of the realest of real assets.
He always knew, worst case, he could plant more food on his new land. And this security had far more value to him than any other asset.
Then the cycle would begin anew: work, save, work, save… until, eventually, the coffee can would fill up again. He’d then use that money to buy building material and then build a small house on the land. No construction crew, no contractors. Just his own two hands and some basic tools.
Once complete, he’d put the house up for rent-- I remember he typically charged by the week to coincide with the farm laborers’ weekly pay. And, again, everything was settled in cash… so the coffee can began to fill more quickly.
Soon there was enough money to build another small house. Then another. And another. This man was living a real-life version of the old board game Monopoly; the only thing he didn’t do was trade his houses out for hotels.
But he wasn’t unique. My grandfather was extremely typical of his generation: highly productive, self-reliant savers who worked hard and never expected anything for free.
In their value system, being unproductive was frowned upon. Vagrancy was a crime. If there were any jobs available, you were expected to have one, no matter what it was. If there were no jobs available, you were expected to be looking for one-- or figure out how to produce something of value on your own.
My grandmother was cut from the same cloth. And the two of them eventually had a pretty substantial real estate portfolio of rental homes.
One particular complex had about a dozen or so houses on it, and my grandmother was in charge of collecting all the rent. They built her a small office near the entrance of the property, and not being one to waste resources, my grandmother decided to open a beauty salon there.
Bear in mind, my grandmother never went to cosmetology school. She didn’t have a license. She didn’t pass through a myriad of state and local permitting inspectors. She just hung her shingle out one day and customers started showing up. And because she provided good service, the customers kept showing up.
This is the sort of thing you used to be able to do in America. The government didn’t smother its citizens with endless regulations; if you wanted to start a business, you started one. No one asked permission to produce.
This is an incredible contrast to the America of today. God help you if you want to start a restaurant in the State of California, where you’ll spend years in the permitting, licensing, and inspection process, only to have employees go on strike over Gaza while customers brazenly steal from you with legal impunity.
That may be an extreme example, but government regulation at the federal, state, and local levels continues to strangle businesses-- small and solo businesses in particular.
A few years ago, the Institute for Justice sampled 102 lower-income occupations in American and found a total of 2,749 license requirements across the fifty states, demanding hundreds of dollars in fees, exams, and an average 362 days of bureaucracy.
These are for vocations like tree-trimmer, hair-braider, fisherman, auctioneer, locksmith, upholsterer, florist, and even farm laborer.
(Neil Gorsuch, sitting US Supreme Court Justice, bemoans similar statistics in his excellent book Overruled, which I can’t recommend enough.)
But this didn’t happen overnight. From my grandparents’ era to today, the bureaucratic, administrative state crept in little by little.
The effect is much like inflation where you lose 2-3% of your purchasing power year after year. One year’s inflation is no big deal; it’s only after looking back 10 or 20 years can we see how expensive things have become.
I really appreciate the tremendous efforts by Elon Musk and the people at DOGE to cut government spending. It needs to happen-- responsible spending is critical to solving America’s $36+ trillion debt crisis.
But perhaps even more important is turning back the clock on regulations… and going back to an era where you didn’t need to ask permission to be productive.
To your freedom, James Hickman
Co-Founder, Schiff Sovereign LLC
https://www.schiffsovereign.com/trends/freedom-is-like-inflation-you-lose-2-3-every-year-152295/
Seeds of Wisdom RV and Economic Updates Monday Evening 3-17-25
Good Evening Dinar Recaps,
ACTING SEC CHAIR UYEDA DIRECTS STAFF TO REEXAMINE PROPOSED CRYPTO CUSTODY RULE
▪️The custody rule, proposed under the former Biden administration and when Gary Gensler led the agency, would expand the current custody rule to include any client assets that an adviser has custody over.
▪️Acting Chair Uyeda’s move to revisit the rule marks the second time this month that the acting chair has asked the SEC staff to reconsider its rules.
Good Evening Dinar Recaps,
ACTING SEC CHAIR UYEDA DIRECTS STAFF TO REEXAMINE PROPOSED CRYPTO CUSTODY RULE
▪️The custody rule, proposed under the former Biden administration and when Gary Gensler led the agency, would expand the current custody rule to include any client assets that an adviser has custody over.
▪️Acting Chair Uyeda’s move to revisit the rule marks the second time this month that the acting chair has asked the SEC staff to reconsider its rules.
The U.S. Securities and Exchange Commission is considering walking back a proposal to tighten cryptocurrency custody requirements, marking the acting chair's latest move under the Trump administration.
SEC Acting Chair Mark Uyeda said commenters had significant concerns over a rule proposed in February 2023 that would require registered investment advisers to keep crypto with a qualified custodian and require those custodians to abide by certain requirements.
"Given such concern, there may be significant challenges to proceeding with the original proposal," Uyeda said on Monday at the Investment Company Institute's 2025 Investment Management Conference in San Diego. "As such, I have asked the SEC staff to work closely with the crypto task force to consider appropriate alternatives."
Uyeda's speech on Monday primarily focused on the SEC's rulemaking process, including potentially withdrawing or re-proposing rules or delaying compliance dates.
The custody rule, proposed under the former Biden administration when Gary Gensler led the agency, would expand the current custody rule to include any client assets that an adviser has custody over and would also add more protections to those assets.
Registered investment advisers are subject to a custody rule, which requires them to maintain those assets with a qualified custodian, such as a bank or broker-dealer.
The rule would extend those standards to the crypto industry, raising concerns about whether that would further limit the number of banks willing to do business with the sector.
Congressional Republicans, crypto firms and traditional finance companies pushed back against the rule when it was proposed. A coalition of bank and financial industry associations, including the American Bankers Association, said at the time that the proposal "could have a material impact on their business."
Uyeda's move to revisit the rule marks the second time this month that the acting chair has asked the SEC staff to reconsider its rules. Last week, Uyeda said he directed the agency's staff to review a proposed rule change that would expand the definition of an "exchange" in a way that could potentially loop in decentralized crypto projects.
Both actions signal a change in course for the SEC under the new Trump administration. During the previous Biden administration, former Chair Gensler said most cryptocurrencies besides bitcoin were securities.
Since the Trump administration's arrival, the SEC has rapidly changed direction on several key crypto policies. In a matter of just a few weeks, it has:
▪️Rescinded controversial crypto accounting guidance
▪️Dropped enforcement actions against major crypto industry players
▪️Created a crypto task force
▪️Issued a statement on memecoins.
The crypto task force's first roundtable to discuss "defining security status" is on Friday.
@ Newshounds News™
Source: The Block
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PAKISTAN CRYPTO COUNCIL LAUNCHES TO REGULATE DIGITAL ASSETS
The newly established Pakistan Crypto Council aims to integrate blockchain technology and digital assets into the country’s financial system through clear regulations and innovation-driven policies.
Finance Minister Muhammad Aurangzeb, serving as Chair, emphasized the government’s dedication to fostering a secure and progressive crypto ecosystem.
The initiative reflects Pakistan’s proactive stance on positioning itself as a global player in digital finance while ensuring investor protection and financial stability.
With collaboration between policymakers, regulatory authorities, and industry leaders, the council seeks to create a structured framework for crypto adoption.
Launched in Islamabad, the council will focus on regulatory clarity, stakeholder engagement, and fostering a compliant environment for businesses and investors.
The government-backed initiative is designed to support Pakistan’s economic growth by leveraging blockchain and cryptocurrency advancements.
Aurangzeb highlighted the council’s role in balancing innovation with regulation, ensuring a responsible approach to digital asset integration in the financial sector.
@ Newshounds News™
Source: BitcoinNews
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More News, Rumors and Opinions Monday PM 3-17-2025
KTFA:
Clare: Erbil hands Baghdad 48 billion dinars in non-oil revenues
3/17/2025
The Ministry of Finance and Economy in the Kurdistan Regional Government announced on Monday that the federal treasury's share of non-oil revenues for February had been transferred to Baghdad.
According to a statement from the ministry, received by Shafaq News Agency, the transferred amount amounted to 48 billion and 722 million Iraqi dinars, which were deposited in the Erbil branch of the Central Bank of Iraq.
KTFA:
Clare: Erbil hands Baghdad 48 billion dinars in non-oil revenues
3/17/2025
The Ministry of Finance and Economy in the Kurdistan Regional Government announced on Monday that the federal treasury's share of non-oil revenues for February had been transferred to Baghdad.
According to a statement from the ministry, received by Shafaq News Agency, the transferred amount amounted to 48 billion and 722 million Iraqi dinars, which were deposited in the Erbil branch of the Central Bank of Iraq.
Last month, the Kurdistan Regional Government's Ministry of Finance and Economy announced the transfer of approximately 52 billion dinars in non-oil revenues to the federal treasury in Baghdad. LINK
Clare: To reduce speculation, a Sudanese advisor reveals a new monetary strategy.
3/16/2025
The Prime Minister's economic advisor, Mazhar Mohammed Saleh, revealed a new monetary strategy Sunday evening that seeks to reduce speculation.
Saleh said in a statement to Al-Furat News that: "A new monetary strategy aims to gradually attract foreign exchange transactions to the officially regulated banking system."
He explained that "this strategy focuses on expanding the base of buying and selling foreign currency at fixed and stable rates, in line with the current monetary policy."
Saleh emphasized that "these steps coincide with enhancing the freedom of the foreign exchange process, with a high commitment to transparency and money governance in line with international standards."
He pointed out that "this strategy is being implemented in an organized and precise manner by the Iraqi banking system, and specifically targets large transfers, especially those related to financing wholesale trade."
Saleh also pointed out "the importance of stimulating electronic banking transactions to reduce cash circulation, which contributes to feeding the parallel market with cash dollars, thus reducing speculative operations that take place outside the framework of the law."
Raghad LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man There are things on the table that have not been sorted. One of them is going to be the oil. They have to have an evaluation for that. We know...they have to value the oil in a Real Effective Exchange Rate or they would have done it by now. It's been two years and they've lost billions. It's obvious, it's quite clear that they're going to do something different in the future.
Sandy Ingram 5 reasons why the IQD will increase in value. This assessment is based on Iraq only accepting payments for shipping services in its own currency. 1. Higher demand for IQD - when international companies pay for shipping, railway usage and port service in Iraq dinar, the demand for the currency increases. 2. Scarcity formula - As more businesses buy IQD...the supply of available dinar decreased making each unit more valuable. 3. Less dependent on the US dollar - if Iraq shifts...to the IQD instead of USD it strengthens the local currency while reducing inflationary pressures. 4. Stronger economy equals stronger currency. The development road will create jobs, increase exports and boost government revenue leading to economic growth and a more stable IQD. 5. An alternative to the Suez Canal saving billions for companies exporting to Europe.
The Planned Global De-Dollarization Black Swan
Heresy Financial: 3-17-2025
TIMECODES
0:00 Trump's Dollar Devaluation
1:15 Taleb’s Warning & the Threat
3:00 Hyperinflation vs. Deflation
4:15 Step 1 – Devalue the Dollar via Tariffs
6:30 Step 2 – Cut Government Spending
8:00 Step 3 – Build Strategic Asset Reserves (Gold & Bitcoin)
10:00 Impact on Interest Rates & Market Volatility
11:45 Refinancing & Bond Market Dynamics
13:00 Global Implications: A New Financial Order
15:00 Actionable Insights: Profiting Amid Turbulence
16:10 Conclusion & Call to Action
