Countries Dumping USD? Failed Treasury Auction
Countries Dumping USD? Failed Treasury Auction
David Lin: 4-13-2025
The global financial landscape is shifting, and whispers of the US dollar’s diminishing dominance are growing louder. A recent failed Treasury auction has added fuel to the fire, prompting economists and analysts to question the stability of the US economy and the future of inflation.
David Lin recently spoke with Steve Hanke, Professor of Applied Economics at Johns Hopkins University, to unpack these concerns. Hanke, a renowned economist known for his expertise in currency boards and hyperinflation, offered a sobering perspective on the current economic climate.
Countries Dumping USD? Failed Treasury Auction
David Lin: 4-13-2025
The global financial landscape is shifting, and whispers of the US dollar’s diminishing dominance are growing louder. A recent failed Treasury auction has added fuel to the fire, prompting economists and analysts to question the stability of the US economy and the future of inflation.
David Lin recently spoke with Steve Hanke, Professor of Applied Economics at Johns Hopkins University, to unpack these concerns. Hanke, a renowned economist known for his expertise in currency boards and hyperinflation, offered a sobering perspective on the current economic climate.
One of the most alarming topics discussed was the recent failed Treasury auction. These auctions are crucial for the US government to finance its debt and operating expenses.
When an auction fails, it signals a lack of investor confidence, potentially leading to higher interest rates and increased borrowing costs for the government. Hanke didn’t mince words, stating that the failed auction indicates “things are just warming up,” suggesting that more economic turbulence is on the horizon.
This lack of investor confidence is often linked to concerns about burgeoning US debt levels. As the national debt continues to climb, some nations are reportedly considering diversifying their reserves by moving away from the US dollar in favor of other currencies or assets, a process known as de-dollarization. While not a sudden exodus, this gradual shift could weaken the dollar’s position as the world’s reserve currency.
Hanke also addressed the burning question of recession odds. While economic indicators often paint a mixed picture, Hanke leaned towards a more pessimistic view, suggesting that the risk of a recession remains elevated. He emphasized that the Fed’s tight monetary policy, aimed at curbing inflation, could potentially trigger a downturn.
Speaking of inflation, Hanke pointed out that despite the Fed’s efforts, inflation is proving to be persistent. He warned that controlling inflation might be a longer and more challenging process than many anticipate. This persistence, coupled with potential recessionary pressures, presents a complex challenge for policymakers.
While the prospect of a declining dollar and a potential recession is undoubtedly concerning, it’s crucial to remember that economies are dynamic and constantly evolving. The conversations sparked by events like the failed Treasury auction are essential for understanding the changing landscape and making informed decisions about the future.
As Hanke suggests, these are just the first rumblings of what could be a significant shift in the global financial order. It’s a time for vigilance, careful analysis, and a preparedness to adapt to the evolving economic reality.
“Bits and Pieces “ in Dinarland Sunday PM 4-13-2025
KTFA:
Clare: Arab Bank returns to Baghdad after 80 years of presence
4/13/2025
Iraqi Prime Minister Mohammed Shia al-Sudani received, on Sunday, a delegation from the Arab Bank, headed by the bank's Chairman of the Board of Directors, Sabih al-Masri, and attended by a number of board members, on the occasion of the upcoming opening of the Arab Bank/Iraq branch in the capital, Baghdad.
During the meeting, according to a statement issued by the Prime Minister's media office and received by Shafaq News Agency, ways to enhance cooperation between Iraq and the Arab Bank in the financial and banking fields were discussed, as well as the bank's participation in financing investment projects within the country.
KTFA:
Clare: Arab Bank returns to Baghdad after 80 years of presence
4/13/2025
Iraqi Prime Minister Mohammed Shia al-Sudani received, on Sunday, a delegation from the Arab Bank, headed by the bank's Chairman of the Board of Directors, Sabih al-Masri, and attended by a number of board members, on the occasion of the upcoming opening of the Arab Bank/Iraq branch in the capital, Baghdad.
During the meeting, according to a statement issued by the Prime Minister's media office and received by Shafaq News Agency, ways to enhance cooperation between Iraq and the Arab Bank in the financial and banking fields were discussed, as well as the bank's participation in financing investment projects within the country.
Al-Sudani emphasized that Arab Bank has been present in Iraq for nearly eighty years, noting that its return today reflects the political and economic stability the country is experiencing.
The Prime Minister stressed the importance of expanding the bank's activities to include contributions to development and economic stability, affirming the government's readiness to provide all forms of support that would enhance Arab and foreign banking activity in service of the Iraqi economy.
For its part, the Arab Bank delegation expressed its willingness to participate in financing a number of investment projects and expand its activities in Iraq, contributing to job creation and revitalizing the economic sector. LINK
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Clare: Iraq signs contract for third offshore oil export pipeline project
4/13/2025
Basra Oil Company signed, on Sunday, a contract to implement the third marine pipeline project for exporting oil, with a coalition of the Italian company MICOPERI and the Turkish company ESTA, with a design capacity of 2 million and 400 thousand barrels per day.
Hayan Abdul-Ghani, Deputy Prime Minister for Energy Affairs and Minister of Oil, who sponsored the contract signing, said the project is an important strategic undertaking.
He pointed out that the project aims to ensure flexibility and stability for crude oil exports from the southern ports, explaining that the pipeline's operational capacity will be approximately 2 million barrels per day.
He added that flexibility comes from the possibility of exporting crude oil from three ports (Basra Port, Khor Al-Amaya Port, and the floating platform).
The Minister continued by saying that the project was approved by the Council of Ministers, and includes extending a 48-knot marine pipeline, with a length of 61 km in the marine section and 9 km in the land section, in addition to two marine platforms, one in the Basra oil port, and the second in the Al-Amaya oil port.
In addition, the project includes a floating marine buoy for exporting crude oil, and other accessories related to electricity, communications, control systems, and cathodic protection. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Article: "Minister of Finance: Iraq seeks to deepen economic partnerships and finance priority projects" Wow... This is a massive indicator that Iraq is going to balance her financial position with the region! This is about her integration into the global financial system. Iraq is going to utilize other countries financial experiences... The efforts are all for developing...priority projects! Likely to include 4 million housing units, industrial cities and major projects. They are not going to do this with 1310 IQD / 1 USD.. It is blatantly obvious now!
Frank26 Article Quote: "With the full support of the government and in collaboration with Oliver Wyman Consulting, the Central Bank of Iraq (CBI) today unveiled reform plans aimed at modernizing the Iraqi private banking sector..." THIS IS BEAUTIFUL MONETARY REFORM EDUCATION! Article Quote: "The reform process will be a multi-stage journey...The first assessment cycle is expected to begin in the first quarter of 2026." IMPLEMENTATION IS IN 2025, A YEAR LATER THEY ASSESS IT TO SEE IF IT WAS SUCCESSFUL WITH THE CITIZENS...You think the reform process is to put it, bring it, leave it or take it to 1310?!? LOL!
Fed’s Stagflation Fears Rise as Tariff War Escalates
Taylor Kenny: 4-13-2025
Stagflation once brought the U.S. economy to its knees—and now, the warning signs are flashing again.
In the 1970s, it took 20% interest rates and years of economic pain to break it. Today, we’re seeing similar conditions: inflation that refuses to fade, a slowing economy, rising debt, and households stretched thin.
In this video, Taylor Kenney explores the eerie parallels to the past, why economists fear stagflation could return—and what it would mean for your savings and future.
Seeds of Wisdom RV and Economic Updates Sunday Afternoon 4-13-25
Good Afternoon Dinar Recaps,
SEC PUBLISHES DISCLOSURE GUIDANCE FOR CRYPTO ISSUERS
The US Securities and Exchange Commission (SEC) published guidance on the application of disclosure requirements to crypto-asset securities issuances. It acknowledged that this is an interim step while the SEC Crypto Task Force works on comprehensive guidance. Issuers are expected to comply for the issuance of debt or equity, or a crypto-asset token which is an investment contract at the point of issuance.
Good Afternoon Dinar Recaps,
SEC PUBLISHES DISCLOSURE GUIDANCE FOR CRYPTO ISSUERS
The US Securities and Exchange Commission (SEC) published guidance on the application of disclosure requirements to crypto-asset securities issuances. It acknowledged that this is an interim step while the SEC Crypto Task Force works on comprehensive guidance. Issuers are expected to comply for the issuance of debt or equity, or a crypto-asset token which is an investment contract at the point of issuance.
Commissioner Peirce has previously noted that many cryptocurrency tokens might be investment contracts subject to securities laws at the point of issuance, but subsequently evolve into commodities. Precisely how that transition is assessed remains to be seen.
The latest guidance might be described as a layman’s guide of what is expected in an S-1 filing, which is made for a securities issuance. However, there are a few points that will particularly impact crypto projects.
Securities: Disclosures that crypto firms need to adapt to
For example, we’ve seen a few crypto projects where the description appears overly technical. The SEC says the business description must be “presented in clear, concise, and understandable language, without overly relying on technical terminology or jargon.”
Some crypto projects have pseudonymous founders. The problem is someone who is extremely dodgy and has been convicted of crimes will embrace the opportunity to take on a pseudonymous persona. While the guidance doesn’t mention pseudonymous founders, it clarifies that officers have to be identified, including those that may not have formal roles but “perform policy-making functions”.
Beyond the very early stages, the issuers of most cryptocurrencies don’t know the identities of the token holders. But at the point of issuance they at least know their wallet addresses. Securities laws require there to be a record of ownership, and the issuer has to disclose where that record is held. This will require crypto firms to get more investor data at issuance and could prove tricky in the early stages of secondary market trading.
Another topic that many crypto firms don’t really address, is what happens if the project fails. Who has the rights to what? That’s something that securities disclosures demand. Additionally, many crypto projects when issuing tokens are often vague about who owns the equity in the issuer. Again, that does not fly in a compliant world.
These new disclosure expectations represent just one element of the SEC’s evolving approach to cryptocurrency regulation under the new leadership of Acting Chair Uyeda. The first action was to rescind SAB 121 that prevented banks from providing digital asset custody.
It has provided guidance on meme coins, crypto mining and stablecoins. Plus, it created a crypto taskforce, which held the first of several crypto roundtables, and it withdrew from various legal cases.
@ Newshounds News™
Source: Ledger Insights
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BRICS LAUNCHES INITIATIVE FOR INTERNATIONAL PAYMENTS SYSTEM
Amid increased geopolitical uncertainty, the BRICS alliance is taking action, as the bloc has launched an initiative for an international payment system. Indeed, Russian foreign minister Sergey Lavrov has announced the efforts for the bloc to create a payment system that rivals the Western-dominated SWIFT in a recent statement.
The efforts come as a global trade war appears to be inching closer. China, one of the original BRICS countries, is caught in a battle of increased tariffs with the United States that may soon create even more divide and disdain between the West and the Global South.
BRICS Launching New Payment System Initiative Amid Rising Global Tensions
The global economy has seen tension increase over the last two weeks. Specifically, the United States unveiled a new Liberation Day tariff plan, introducing a baseline 10% import duty on all nations. The move sparked concern and outrage, with several countries responding in kind.
The US stock market plummeted, with the economy’s fragility being placed front and center. So, the country opted to place a 90-day pause on the tariff for every nation outside of China. However, the presence of these economic policies has not come without preparatory actions by various nations. Among them is BRICS, which officially launched an initiative for an international payment system.
Russian official Sergey Lavrov discussed the project in a recent statement. “There is an opportunity to form payment platforms that are independent of external influence,” he said. “One of the options is the financial messaging system of the Russian Central Bank.”
Moreover, Lavrov added that the project would be “convenient and completely independent of SWIFT.” Additionally, he highlighted the presence of “several other initiatives under discussion, including within the BRICS framework.”
The proposal to create an alternative payment platform was proposed by Brazil, Lavrov confirmed. Indeed, Brazil is the 2025 BRICS chairman and has been outspoken in its de-dollarization hopes for much of the last several years. This move appears to be aligned with that perspective.
@ Newshounds News™
Source: Watcher Guru
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What Matters More Than the Stock Market
What Matters More Than the Stock Market
Notes From the Field By James Hickman (Simon Black) April 12, 2025
Yesterday when I was talking to my friend and business partner Peter Schiff, he made it clear: China is trying to drive a wedge between the US and Europe by dumping US bonds, and buying euros. (Gold too, for that matter!)
This would account for why the dollar has been sinking against the euro… and why Treasury yields have surged.
What Matters More Than the Stock Market
Notes From the Field By James Hickman (Simon Black) April 12, 2025
Yesterday when I was talking to my friend and business partner Peter Schiff, he made it clear: China is trying to drive a wedge between the US and Europe by dumping US bonds, and buying euros. (Gold too, for that matter!)
This would account for why the dollar has been sinking against the euro… and why Treasury yields have surged.
I sat down to record a podcast about this because, frankly, it’s the most important thing happening right now. This topic is critical to understand—not just what’s happening, but why this is no longer a trade war… it's an economic war.
Think about it: the world’s two largest and most dominant superpowers are directly threatening each other’s economic interests. And that could spiral out of control quickly if cooler heads don’t soon prevail.
You can watch or listen to the podcast here.
If you missed it this week, we also wrote about:
Escalation gets real: No more sex with Chinese women
Even the US government is ordering embassy employees in China to discontinue romantic relationships. If she's into you, assume she's a spy.
OK- it's almost definitely China who's dumping Treasury bonds
If you thought this was just a trade war, think again—China may have just fired the first real shot in an all-out economic war.
It's like the dumbest AOC logic applied to global trade
Imagine crashing the global economy because someone forgot how to divide—welcome to U.S. trade policy in 2025.
Recent Twitter Highlights:
YouTube Shorts https://www.youtube.com/watch?v=EfwpDLnzjlg
The Hidden Risk Behind Tariffs: What Nobody's Talking About
James Hickman Co-Founder, Schiff Sovereign LLC
News, Rumors and Opinions Sunday 4-13-2025
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 13 April 2025
Compiled Sun. 13 April 2025 12:01 am EST by Judy Byington
Possible Timing of Global Currency Reset and Restored Republic: …Mr. Pool on Telegram
On Thurs. 27 March 2025 the Federal Reserve was (allegedly) seized by the Military when their cyber teams took full control of Fed servers, exposing quantum cloaking code used to cover massive currency creation during every “crisis.” No more printing of the fiat Dollar. This wasn’t stimulus. It was digital slavery..
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 13 April 2025
Compiled Sun. 13 April 2025 12:01 am EST by Judy Byington
Possible Timing of Global Currency Reset and Restored Republic: …Mr. Pool on Telegram
On Thurs. 27 March 2025 the Federal Reserve was (allegedly) seized by the Military when their cyber teams took full control of Fed servers, exposing quantum cloaking code used to cover massive currency creation during every “crisis.” No more printing of the fiat Dollar. This wasn’t stimulus. It was digital slavery..
On Fri. 11 April 2025 a silent Tier 1 Operation began to (allegedly) force a Global Currency Revaluation. It was based on the Federal Reserve’s plan to print $9.5 trillion in fiat dollars to buy out global gold, but when they do the dollar will hit zero & gold will (allegedly) shoot to infinity. A financial initiation of $500 trillion in frozen or hidden assets & tariffs will already be (allegedly) moving through the global financial system and will be introduced back into circulation under cover of humanitarian projects. The entire operation will not be known as a reset, but be labeled as “liquidity flow alignment,” “sovereign debt stabilization,” or “post-pandemic optimization.” …JF Kennedy Jr. & Julian Assange on Telegram
Easter Sun. 20 April 2025 Bruce: Upper level paymasters with Wells Fargo and a head over several Redemption Centers said Tier4b (us, the Internet Group) could get notified to set exchange/redemption appointments soon, with start of exchanges well underway before Easter Sunday 20 April. DOGE payments will (allegedly) be made directly to your bank account, which should happen before Easter Sunday 20 April.
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Global Currency Reset:
Sat. 12 April 2025 The U.S. just(allegedly) triggered the Global Currency Reset (GCR) and the Revaluation (RV), shattering the corrupt system that’s enslaved the world for decades. …JF Kennedy Jr. & Julian Assange on Telegram
Fri. 11 April 2025 a classified Tier 1 operation quietly began. A financial initiation of $500 trillion is now moving through the global system through perfectly timed veils of tariffs.
Trump’s trade war was about taking down the rigged currency game. The U.S. Trade Representative is now (allegedly) enforcing currency revaluations as part of new deals. No more manipulation. No more fake valuations. No more China cheating the dollar.
The Federal Reserve plans to print $9.5 trillion to buy out global gold. But the moment they move, the dollar hits ZERO. Gold will shoot to infinity.
Inside the Tier 1 Blueprint for a Silent $500 Trillion Reset as Global Financial Realignment Is Already in Motion
Over $500 trillion in frozen or hidden assets is now being introduced back into circulation under humanitarian cover. This structure prevents manipulation, bypasses corruption, and protects the mission: 80% of the funds directed toward humanitarian infrastructure, 1% for logistical discretion, and 19% anchored in U.S. Treasury bonds to stabilize the sovereign narrative and avoid inflationary shocks.
Tariffs provide the smokescreen. Governments declare economic wins as hidden financial pathways quietly funnel resources through redemption frameworks unknown to the public.
This operation will never be called a reset. It will be labeled as “liquidity flow alignment,” “sovereign debt stabilization,” or “post-pandemic optimization.” But make no mistake: this is a reverse-engineered correction of economic plunder. The theft of wealth, time, and global potential is being quietly reversed—without ever admitting the theft occurred.
Fri. 11 April 2025: https://amg-news.com/boom-the-great-reset-they-fear-gesara-nesara-rising-under-trumps-command-to-liberate-humanity-while-the-d********e-clings-to-chaos-a-new-econo
Sat. 12 April 2025: CLASSIFIED MILITARY INTEL: STARLINK, QFS, GESARA — GLOBAL DEFENSE & FINANCE UNDER STRATEGIC RESET – amg-news.com – American Media Group
Sat. 12 April 2025 GLOBAL TRADE RESET IGNITES – THE GCR/RV IS LIVE. …John F. Kennedy Jr. on Telegram
The storm has arrived, and the reset we’ve been warning about is no longer a theory — it’s underway. The U.S. just triggered the Global Currency Reset (GCR) and the Revaluation (RV), shattering the corrupt system that’s enslaved the world for decades.
Trump’s trade war was never about tariffs. It was about taking down the rigged currency game. The U.S. Trade Representative is now enforcing currency revaluations as part of new deals. No more manipulation. No more fakee valuations. No more China cheating the dollar.
And here’s the signal that set the elites on fire — gold just broke $3,200. The dollar? Bleeding. Nations? Scrambling. Global commerce is being rebuilt from the ground up, and WE are the architects.
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This is the economic 9-11 of the Deepstate.
Behind the scenes, China is pushing the digital yuan, rolling it out in key cities like Shenzhen and Beijing’s shadow metropolis. Why? Because they know what’s coming. They see the collapse. They’re racing for survival. But they’re too late.
And then comes the nuclear option: The Federal Reserve plans to print $9.5 TRILLION to buy out global gold. They want it all. But the moment they move, the dollar hits ZERO. Gold will shoot to infinity. This is economic warfare, and it ends with the death of fiat.
This isn’t a drill. This is the reset. We told you it was coming. Now it’s here. The world will never be the same.
Read full post here: https://dinarchronicles.com/2025/04/13/restored-republic-via-a-gcr-update-as-of-april-13-2025/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat To summarize the status of the RV... If we follow the news and progress in Iraq there is going to come to a point in time when they begin talking more and more about three topics in their news: The Project to Delete the Zeros, the digital dinar and the WTO accession. I am told that when these three issues come up in the news in a short span apart and discussed in detail, we can expect something BIG to occur and my CBI contact informed me she was already told to prepare going back to the committee for the currency change-out to the newer lower denominations, so we know this period of time is closer than we think with the convergence of these three topics in the news.
Frank26 [Iraq boots-on-the-ground report] FRANK: Hey Sammy I have a question for you...The fact they are coming out with a digital currency to me tells me there is a new exchange rate because 1310 does not even make sense when you try to calculate it digitally. FIREFLY: Sammy says for you to consider that if they go digitally it will be related to a fixed rate...so it doesn't have to be raised. But who would do this on a program rate? No one would. No one has. Going digital will definitely be good for our security and stability.
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100% CERTAINTY! Gold's MINIMUM Value Is $12,962 When THIS Happens! - Rick Rule
Financial wisdom: 4-12-2025
In his latest interview, Rick Rule explains why gold is poised for significant growth as a hedge against the declining purchasing power of the US dollar, noting that gold's current market share of only 0.5% of US investment assets could grow to at least 2% (the four-decade mean) or higher.
Rule predicts a five-year boom in gold and silver, suggesting that the price of gold could reach $10,000 as government debt continues to increase by $4 trillion annually with little chance of meaningful spending cuts.
As US Financial System Falls Apart, Russia Begins BRICS Payments Network to Bypass SWIFT
As US Financial System Falls Apart, Russia Begins BRICS Payments Network to Bypass SWIFT
Sean Foo: 4-13-2025
The simmering trade tensions between the United States and China have reached a boiling point, with former President Donald Trump escalating the conflict to a potentially dangerous new level.
In a move widely seen as retaliation for China’s own retaliatory measures, Trump has proposed a staggering 50% tariff hike on Chinese imports, effectively pushing the total tariff burden to over 100% on some goods. This aggressive move has sent shockwaves through the global economy, raising serious concerns about the imminent eruption of a full-blown global trade war.
As US Financial System Falls Apart, Russia Begins BRICS Payments Network to Bypass SWIFT
Sean Foo: 4-13-2025
The simmering trade tensions between the United States and China have reached a boiling point, with former President Donald Trump escalating the conflict to a potentially dangerous new level.
In a move widely seen as retaliation for China’s own retaliatory measures, Trump has proposed a staggering 50% tariff hike on Chinese imports, effectively pushing the total tariff burden to over 100% on some goods. This aggressive move has sent shockwaves through the global economy, raising serious concerns about the imminent eruption of a full-blown global trade war.
For years, Trump has accused China of unfair trade practices, including intellectual property theft, currency manipulation, and dumping of goods at artificially low prices. He initially imposed tariffs on billions of dollars worth of Chinese imports during his presidency, prompting reciprocal tariffs from Beijing on American goods.
This tit-for-tat exchange has already disrupted global supply chains, increased costs for consumers, and dampened economic growth.
Now, with the proposed 50% tariff increase, Trump is significantly upping the ante. The impact of such a drastic measure would be far-reaching and could cripple trade relations between the two economic powerhouses.
While the situation appears dire, there is still a possibility of de-escalation. Diplomatic negotiations and a willingness to compromise are crucial to finding a way out of this escalating conflict. Both the US and China need to address their underlying concerns about trade practices and intellectual property rights.
However, Trump’s hardline stance suggests that a swift resolution is unlikely. His supporters argue that a tough approach is necessary to level the playing field and protect American interests. Critics, on the other hand, warn that a trade war would ultimately hurt American businesses and consumers.
The coming months will be critical in determining whether the world is headed for a full-blown global trade war. Trump’s proposed tariff hike represents a significant escalation, and the response from China and the rest of the world will be decisive.
If cooler heads do not prevail, the consequences for the global economy could be severe. The stakes are high, and the world is watching with bated breath.
Watch the video below from Sean Foo for further insights and information.
Seeds of Wisdom RV and Economic Updates Sunday Morning 4-13-25
Good Morning Dinar Recaps,
NEW YORK LAWMAKER INTRODUCES BILL THAT WOULD ALLOW STATE AGENCIES TO ACCEPT CRYPTO PAYMENTS
A new bill working its way through New York’s legislature would allow residents to pay state agencies with crypto.
New York State Assemblyman Clyde Vanel (D-Queens) introduced Assembly Bill A7788 on Thursday, and the potential legislation was referred to the Standing Committee on Governmental Operations.
Good Morning Dinar Recaps,
NEW YORK LAWMAKER INTRODUCES BILL THAT WOULD ALLOW STATE AGENCIES TO ACCEPT CRYPTO PAYMENTS
A new bill working its way through New York’s legislature would allow residents to pay state agencies with crypto.
New York State Assemblyman Clyde Vanel (D-Queens) introduced Assembly Bill A7788 on Thursday, and the potential legislation was referred to the Standing Committee on Governmental Operations.
If passed, the bill would enable all state agencies to enter into agreements with individuals to receive crypto payments for fines, civil penalties, rent, rates, taxes, fees, charges, revenue and/or financial obligations.
Other states have also taken similar steps. In 2022, Colorado became the first state to accept crypto for tax payments, and last September, Louisiana enabled its residents to pay for state services with digital assets. Similar bills have also bubbled up in California and Florida.
Vanel introduced similar bills in 2017, 2019, 2021 and 2023. The lawmaker, who has a long history of supporting crypto-related legislation, also recently introduced Assembly Bill 7716, which would direct the New York State Board of Elections to study and evaluate the use of blockchain technology to protect voter records and election results.
If passed, the bill would require the State Board of Elections to submit a report about blockchain technology to the governor and the legislature within a year of the legislation taking effect.
@ Newshounds News™
Source: DailyHodl
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WHAT HAPPENS IF BRICS DITCHES THE US DOLLAR?
The US dollar is the most important currency in the markets that controls and dominates the world’s financial sector. Almost all cross-border transactions, trade settlements, and foreign exchange conversions are conducted using the USD. Local currencies are far behind with little to no chance of becoming the global reserve currency.
This gives the White House the power to weaponize the currency and control the world’s trade and finances. BRICS has decided to put an end to the US dollar domination by giving local currencies a chance to compete against the greenback.
Here’s What Will Happen If BRICS Ends US Dollar Reliance
The BRICS alliance is scheming to replace the US dollar with either a new currency or their local currencies. The bloc is divided in the prospects but is united to achieve the goal by hook or crook. They also confirmed that despite slow progress, the alliance’s long-term goal is to bring the US dollar down.
America imports the USD to other countries and using it for transactions leads to surplus. However, ending reliance on the greenback will lead to a deficit allowing the economy to face a crisis.
Top 3 US sectors that could decline if BRICS ditches the dollar for trade:
1. Banking and Finance
2. Technology and Fintech
3. International Trade and Investment
These three sectors will be the hardest hit and lose control if BRICS officially ditches the US dollar for trade. All three sectors are closely linked to the American economy and the financial markets as we know it will fall apart.
Turbulence in the banking and investment sector will spill over to other markets eventually bringing the US economy down. It could lead to hyperinflation in the homeland making the costs of daily essentials skyrocket. Consumer spending could decline and eat into revenues of American corporations eventually leading to job losses.
@ Newshounds News™
Source: Watcher Guru
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“Tidbits From TNT” Sunday Morning 4-13-2025
TNT:
Tishwash: World Bank to Sudan: Ready to finance projects in Iraq
Prime Minister Mohammed Shia al-Sudani discussed projects under discussion with ministries in the railway, highway, and energy sectors on Sunday with a World Bank delegation. The delegation head expressed the bank's willingness to stand with Iraq and finance projects, including those in the private sector.
Prime Minister Mohammed Shia al-Sudani received today, Sunday, the World Bank's Vice President for the Middle East and North Africa, Mr. Ousmane Dione, and his accompanying delegation.
TNT:
Tishwash: World Bank to Sudan: Ready to finance projects in Iraq
Prime Minister Mohammed Shia al-Sudani discussed projects under discussion with ministries in the railway, highway, and energy sectors on Sunday with a World Bank delegation. The delegation head expressed the bank's willingness to stand with Iraq and finance projects, including those in the private sector.
Prime Minister Mohammed Shia al-Sudani received today, Sunday, the World Bank's Vice President for the Middle East and North Africa, Mr. Ousmane Dione, and his accompanying delegation.
The World Bank delegation reviewed projects under discussion with relevant ministries and authorities in Iraq in the railway, highway, and energy sectors, including the fixed gas platform at Faw Port, the Ministry of Electricity's plan for the coming years to expand electricity production, transmission, and distribution, and other infrastructure projects.
The Prime Minister praised the World Bank's efforts in supporting Iraq, stressing the importance of private sector projects receiving support from the Bank through the International Finance Corporation (IFC).
For his part, the head of the delegation expressed the World Bank's readiness to support Iraq in its development renaissance in all areas, as well as its willingness to provide project financing facilities, including private sector projects. link
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Tishwash: With the participation of 1,200 local and foreign companies, the Babylon Business and Investment Forum kicks off.
The Business and Investment Forum kicked off in Babil Governorate today, Saturday, with the participation of 1,200 local, Arab, and foreign companies, showcasing 450 investment opportunities in various sectors.
An Iraqi News Agency (INA) correspondent said, "The Business and Investment Forum kicked off in Babil Governorate, with the participation of 1,200 local, Arab, and foreign companies, showcasing 450 investment opportunities in the electricity, industry, tourism and antiquities, agriculture, and transportation sectors."
He added, "The forum was held in the presence of the Chairman of the Military Industrialization Authority, the Governor of Babil, the Chairman of the Provincial Council, three governors from the Islamic Republic of Iran, in addition to representatives of American, German, and international companies, and a number of members of the Iraqi Council of Representatives." link
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Tishwash: Iraq and Venezuela discuss joint coordination to support stability in global oil markets.
Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein discussed on Saturday with his Venezuelan counterpart, Ivan Gil Pinto, joint coordination to support the stability of global oil markets, in a manner that serves the interests of both producing and consuming countries.
A statement by the Ministry of Foreign Affairs, seen by Al-Eqtisad News, stated that "Deputy Prime Minister and Minister of Foreign Affairs, Fuad Hussein, met with the Minister of Foreign Affairs of the Bolivarian Republic of Venezuela, Ivan Gil Pinto, on the sidelines of their participation in the Antalya Diplomatic Forum (ADF2025) held in the Turkish province of Antalya."
The statement added that "the meeting discussed ways to enhance bilateral relations between Iraq and Venezuela, especially in the fields of energy, trade and investment, within the framework of the historical relations that bring the two countries together within the OPEC organization. The two sides also discussed the importance of joint coordination to support the stability of global oil markets, in a way that serves the interests of both producing and consuming countries."
According to the statement, Fuad Hussein expressed "Iraq's aspiration to expand cooperation with Venezuela, especially in the field of oil companies and promising economic sectors," stressing "the importance of strengthening the partnership between the private sectors in both countries."
The statement continued, "Ivan Gil Pinto, for his part, affirmed his country's commitment to strengthening bilateral dialogue, extending an official invitation to Fuad Hussein to visit Venezuela," and expressing his "welcome to visit the capital, Caracas, as soon as possible to continue discussions on prospects for joint cooperation."
The statement continued, "The meeting addressed regional and international issues of common interest, including efforts to achieve stability in the Middle East and Latin America, with both sides stressing the importance of adopting political solutions to crises and respecting the sovereignty of states." link
Mot: the Hunt!! -- gets More Exciting Year after Year!!!
Sum Getting Ready Already they Is!!!
OK— It’s Almost Definitely China Who’s Dumping Treasury Bonds
OK— It’s Almost Definitely China Who’s Dumping Treasury Bonds
Notes From the Field By James Hickman (Simon Black) April 10, 2025
Yesterday I wrote to you that something very fishy was going on in the bond market. And not just fishy— potentially destructive for the federal government and US economy.
For the past several days, US government bond yields have been surging at a rate not seen since at least 2008. And in some cases not since the early 1980s.
And this is a very, very big deal.
OK— It’s Almost Definitely China Who’s Dumping Treasury Bonds
Notes From the Field By James Hickman (Simon Black) April 10, 2025
Yesterday I wrote to you that something very fishy was going on in the bond market. And not just fishy— potentially destructive for the federal government and US economy.
For the past several days, US government bond yields have been surging at a rate not seen since at least 2008. And in some cases not since the early 1980s.
And this is a very, very big deal.
Higher bond yields not only mean that consumer interest rates (like mortgages) become more expensive. But they also dramatically increase the government’s borrowing costs.
Bear in mind, the US government is already spending $1.1 trillion per year, just to pay interest on its $36 trillion national debt. That’s 22% of all US tax revenue, i.e. twenty-two cents out of every tax dollar collected go to pay interest on the national debt.
(Plus another 47c out of every tax dollar go to Social Security and Medicare. And that’s before you get to other mandatory entitlements like Medicaid, food stamps, and more...)
That annual interest payment is rising quickly; the government has roughly $10 trillion worth of debt this year to either finance, or refinance, which could easily result in hundreds of billions of dollars in additional interest expense each year.
So higher interest rates are a very big deal for a debt junkie like Uncle Sam.
That’s why it’s so alarming that bond yields are rising so quickly.
There’s realistically only a few ways this could happen.
One way that yields might have risen so quickly, which I suggested yesterday, is that big Wall Street firms could have been shorting the Treasury market, causing bond yields to rise.
Possible, yes. But not super likely.
Many of those big Wall Street investors might have feared retaliation by the Trump administration. Or that, at a minimum, the President would single them out in social media, creating a lot of complications for their personal lives and businesses.
But I think we can safely take this possibility off the table; given yesterday’s furious stock rally in which markets surged, any Wall Street firm shorting the bond market would have closed out its short positions and piled back into the stock market.
In other words, the trend of rising bond yields would have ended yesterday afternoon.
But that didn’t happen. Bond yields continued rising and are up again today.
The US government’s 30-year bond has been especially hard-hit and is up another another few basis points today, notching an astonishing 50-basis point (0.5%) increase in just a few days.
So with Wall Street busy trading the stock market, that only leaves a handful of possibilities.
It’s also unlikely that big banks (JP Morgan, Citi, etc.) would have dumped their US government bonds, because they have regulatory constraints in terms of what types of assets they are allowed to hold.
Plus, any major selling of bank-owned Treasury bonds would have resulted in significant increases to bank reserves on the Fed’s balance sheet— and that doesn’t seem to have happened.
So at this point the most likely culprit is some disgruntled foreign country, whose government or central bank wanted to lash out and punish the US government over the tariffs.
Two or three days ago that could have been anyone. France. Germany. Japan. Etc.
But after yesterday’s announcement which paused tariffs for almost the entire planet, there’s only one suspect: China.
After the tariff pause, there wouldn’t be any point for the European Central Bank or German government to sell its Treasury bonds. Why risk Donald Trump’s wrath when a deal is at hand?
China, on the other hand, is stuck with a 100%+ tariff. So they definitely still have an ax to grind.
The concept of “face” (mianzi) runs very deeply in China; this is the idea that every individual, business, and even the government must uphold a reputation for strength. It would be culturally unthinkable for the Chinese government to accept tariffs without responding aggressively.
Dumping a portion of their vast US Treasury holdings is an easy way to send a message to Washington: “we can hurt you too.”
If I’m right, it means this trade dispute has now graduated to full-blown economic warfare. And we could see some pretty rapid escalation.
For example, if China keeps dumping its Treasury bonds (and hence raising US interest rates), I wouldn’t be surprised to see the US administration sanction the CCP and Chinese central bank, essentially freezing the bonds that they own and preventing any further sales.
China could escalate with export controls over vital rare earth minerals, which are essential in the electronics industry.
Then there’s the possibility that each government could expropriate foreign-owned assets, i.e. US business operations in China, or Chinese investments in the US.
Then would come the cyberattacks, and more.
We can hope for cooler heads to prevail. But history is full of examples of how economic warfare can very quickly spiral out of control and escalate into much larger conflicts. And, at the moment, that seems to be the direction that this is heading.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
“Tidbits From TNT” Saturday 4-12-2025
TNT:
Tishwash: To boost the economy, the International Development Bank is the official sponsor of the Iraqi Business Summit.
The International Development Bank announced its official sponsorship of the Iraqi Business Summit (IBS).
The summit will be held on Saturday, April 12, 2025, inCelebration Square-stageAl-MansourDowntownBaghdad.
The summit will be held with broad participation from local and international economic institutions and investment companies.
TNT:
Tishwash: To boost the economy, the International Development Bank is the official sponsor of the Iraqi Business Summit.
The International Development Bank announced its official sponsorship of the Iraqi Business Summit (IBS).
The summit will be held on Saturday, April 12, 2025, inCelebration Square-stageAl-MansourDowntownBaghdad.
The summit will be held with broad participation from local and international economic institutions and investment companies. link
Tishwash: Erbil and Washington agree on the need to resume the region's oil exports.
Kurdistan Regional Government Prime Minister Masrour Barzani discussed the latest developments in the region in a phone call with US Secretary of State Marco Rubio, stressing the importance of strengthening bilateral relations.
During the phone call, the two sides agreed, according to a statement from the Kurdistan Regional Government, on the importance of strengthening and consolidating the bonds of friendship and alliance between the Kurdistan Region and the United States.
In another part of the phone call, the Prime Minister and the US Secretary of State agreed on the necessity and importance of resuming the export of Kurdistan Region oil through the Iraq-Turkey pipeline, according to the statement.
For his part, the US Secretary of State expressed the United States' deep appreciation for the role played by the Kurdistan Region as a safe haven for all ethnic and religious components, praising its essential contribution to maintaining the stability and security of the region.
The two sides also agreed on the importance of maintaining consultation and coordination between them, to preserve common interests. link
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Tishwash: Iraq and Iran agree to activate coordination in dealing with regional and international developments.
President Abdellatif Rachid and his Iranian counterpart, Masoud Pezeshkian, agreed on Friday to enhance coordination in dealing with regional and international developments.
The Presidency of the Republic stated, in a statement received by (Mawazine News), that “President of the Republic, Abdul Latif Jamal Rashid, discussed, in a phone call today, with the President of the Islamic Republic of Iran, Masoud Pezeshkian, bilateral relations between the two neighboring countries, and ways to develop cooperation in various fields of mutual interest, in a way that serves the interests of the two peoples and enhances security and stability in the region.”
According to the statement, “The two sides discussed a number of regional and international issues during the call, where the importance of continuing cooperation between the two countries and intensifying constructive dialogue to confront challenges and enhance the foundations of development and stability was emphasized.”
He continued: “It was also agreed to activate coordination in dealing with regional and international developments, in a way that contributes to supporting political stability and reducing tensions in the region.” link
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Tishwash: Beirut is banking on its relations with Baghdad and opening its doors to Iraqi investors.
Lebanese Labor Minister Mohammed Haidar affirmed on Saturday that the relationship between Beirut and Baghdad is solid, noting the Lebanese government's efforts to facilitate the work of Iraqi investors.
The Lebanese Minister of Labor said in a press statement that "the relationship between the new Lebanese government and the Iraqi government is solid and strong, and the fraternal bond between the Lebanese and Iraqis goes back a long history.
This bond was evident during the Zionist war on Lebanon and the Iraqis' embrace of the Lebanese who were forced to flee to Baghdad." He added that "Prime Minister Nawaf Salam's opinion on developing the relationship with Baghdad expresses the government's direction and the demands of the Lebanese people."
Haidar addressed "the visit of the Director General of Lebanese General Security, Major General Hassan Choucair, to Iraq this week, which aims to enhance communication at the security level and discuss the exchange of services and the import of oil from Iraq," pointing to "positive results that will be built upon in the coming period regarding Iraq's contribution to improving the operation of Lebanese power plants and supplying them with fuel."
He pointed out that "President General Joseph Aoun announced an Arab tour that he will undertake, and that one of his priorities is to visit Iraq, and thus represent Lebanon at the Arab Summit in Baghdad with the participation of an official Lebanese delegation to meet with Iraqi officials there." He indicated that "Iraq's support for Lebanon in establishing security is fundamental, as is helping to expel the Zionist enemy from Lebanese territory, and asking our Arab brothers, specifically the Iraqis, to return to investing in Beirut, so that Lebanon can regain its leading role in the region."
The minister stressed the "continuation of work on the memoranda of understanding signed by the previous government with the Iraqi Ministry of Labor, and the amendment of any amendments that can be made, in coordination with his Iraqi counterpart, Ahmed Al-Asadi, whom he will meet in Egypt next week, and with whom he will address the issue of improving opportunities for Lebanese workers in Iraq and Iraqi workers in Lebanon, and opening up new areas of work."
He pointed out that "foreign workers in Lebanon only benefit from a portion of the health benefits, but based on the principle of reciprocity, if the ministry finds that a Lebanese worker in Iraq receives comprehensive insurance, the Iraqi worker in Lebanon will be granted comprehensive insurance. This matter is currently under investigation and will be resolved soon."
He stated that "the labor market and the need for foreign workers, including Iraqis, were studied to determine the actual need, and Iraqi workers were informed of the sectors with vacancies so they could employ their expertise. The government is also working to attract Iraqi investors, provide them with full facilities, and initiate investment projects in Lebanon, especially since the period of security instability will soon end."
He pointed out that "the residency requirements for Iraqis in Lebanon are clearly visible on the Lebanese Ministry of Labor's website for anyone wishing to come to Beirut."
He continued: "Projects between Lebanon and Iraq have been delayed due to domestic, regional, and international events, but the government will resume work on them. The primary reason for not reactivating the oil pipeline linking Iraq to Tripoli in northern Lebanon is the need for it to pass through Syria, which has delayed its implementation."
He noted that "there is a trend toward amending the law, hoping to actually achieve this in order to restore projects that serve Lebanon, Iraq, and the region." link
Mot: ... I did It!!! -- I Finally - Did It!!!
Mot: they Say there is NO such Thing as a ""Perfect photo bomb""
This is the End of the Credit Supercycle, Chaos is Unavoidable
This is the End of the Credit Supercycle, Chaos is Unavoidable
Palisades Gold Radio: 4-10-2025
In a recent interview on Palisades Gold Radio, former Wall Street Analyst, Author, and Substacker John Rubino painted a stark picture of the current economic landscape, cautioning investors about the potential for significant financial turmoil.
Rubino, known for his astute analysis and foresight, joined host Tom to delve into the looming end of a credit supercycle and the multifaceted risks of hyperinflation, deflation, and stagflation inherent in our global fiat currency system.
This is the End of the Credit Supercycle, Chaos is Unavoidable
Palisades Gold Radio: 4-10-2025
In a recent interview on Palisades Gold Radio, former Wall Street Analyst, Author, and Substacker John Rubino painted a stark picture of the current economic landscape, cautioning investors about the potential for significant financial turmoil.
Rubino, known for his astute analysis and foresight, joined host Tom to delve into the looming end of a credit supercycle and the multifaceted risks of hyperinflation, deflation, and stagflation inherent in our global fiat currency system.
Rubino’s central thesis revolves around the inherent instability of a system built on debt and fiat currency.
He argues that the global reliance on credit has reached its breaking point, creating a precarious situation where any combination of economic woes is possible.
This instability, he emphasized, makes holding real assets – gold, silver, and energy – more crucial than ever for weathering the coming storm.
The conversation then turned to the critical role of energy prices, particularly oil, in shaping the inflationary or deflationary winds. Rubino posited that lower oil prices, while seemingly beneficial in the short term, could trigger a deceptive period of deflation.
However, he warned that this lull would likely be short-lived, as central banks, eager to stimulate the economy, would respond with predictably low interest rates. This, in turn, would reignite inflationary pressures, creating a volatile and uncertain environment demanding careful investment strategies.
The discussion also touched upon the potential impact of President Trump’s policies. Rubino suggested that initiatives such as tariffs and reshoring could inadvertently lead to wage inflation, further complicating the economic picture and potentially exacerbating geopolitical tensions.
Rubino’s analysis pointed towards the inherent risks of negative interest rates and the growing possibility of a currency reset, perhaps even a return to a gold standard.
For investors, this necessitates a shift in focus toward tangible, resilient assets.
He strongly recommends accumulating real assets such as precious metals, energy, and farmland. Specifically, he advises dollar-cost averaging in gold and silver to mitigate risk and capitalize on potential price fluctuations. When considering mining stocks, he suggests focusing on mid-tier companies and explorers with demonstrable growth potential, while always factoring in jurisdictional risks, especially in countries like Mexico.
Beyond investment advice, Rubino emphasized the importance of building personal resilience. He stressed the need for strong community ties, developing valuable skills, and owning productive assets that can generate income or provide sustenance. These, he believes, are crucial for navigating potential societal and economic disruptions.
In conclusion, John Rubino’s sobering analysis highlights the precariousness of the current economic landscape and the urgency for investors to prepare for potential financial chaos. By focusing on real assets, diversifying investments, and building personal resilience, individuals can better position themselves to weather the coming storm and potentially thrive in a rapidly changing world.