The US has to Borrow Just to Pay the Interest on its Debt

The US has to Borrow Just to Pay the Interest on its Debt

Gregory Mannarino:  3-14-2025

 Headlines screaming “ITS OVER” are certainly attention-grabbing, but the situation surrounding US debt is far more nuanced than a simple doomsday declaration.

The claim that the US needs to borrow just to pay the interest on its debt is a significant one, and while not entirely accurate yet, it highlights a worrying trend. Let’s break down the reality, the risks, and what it might mean for the future.

The statement hinges on the fact that the US national debt is substantial and growing. As of late 2023, it sits well above $30 trillion. With interest rates rising, the cost of servicing that debt has also increased dramatically. This year, the US is projected to spend hundreds of billions of dollars on interest payments alone.

The concern is that these interest payments are becoming so large that they contribute significantly to the overall deficit. This deficit, in turn, necessitates further borrowing, creating a potential “debt spiral” where borrowing is required simply to cover the interest on existing debt.

The US is not currently solely borrowing to pay interest. The deficit is driven by a complex interplay of factors, including government spending programs, tax policies, and economic conditions. However, the increasing burden of interest payments is undoubtedly exacerbating the situation.

However, these factors are becoming increasingly challenged. Economic growth is slowing, and political gridlock often hinders meaningful fiscal reforms. The consequence? The rising interest payments are indeed becoming a larger and larger portion of the deficit, inching closer to the terrifying scenario painted by the headline.

While the US isn’t solely borrowing to pay interest yet, the escalating burden of debt servicing is a serious concern. The path forward requires a commitment to fiscal responsibility, sustainable economic growth, and effective monetary policy.

 Ignoring the warning signs and failing to address the issue could lead to dire consequences for the US economy and its global standing. It’s not necessarily “over,” but the future depends on decisive action taken now. Ignoring the problem is not an option.

Watch the video below from Gregory Mannarino for further insights and information.

https://youtu.be/KTr67CSGiTI

Iraq Economic News and Points to Ponder Saturday Afternoon 3-15-25

Iraq discusses with the IMF strengthening the dinar

March 14, 2025  Baghdad - Al-Zaman:  The Iraqi delegation concluded its meetings with the International Monetary Fund, with the participation of Finance Minister Taif Sami and the Governor of the Central Bank of Iraq, Ali Al-Alaq, in Amman.

The Ministry of Finance stated in a statement that "the meetings focused during discussions on Iraq's economic performance and prospects for sustainable growth, with the International Monetary Fund commending the progress made."

He continued, "The meeting also discussed non-oil GDP growth of 5% in 2024, driven by the expansion of the agricultural sector and increased public spending, with growth expected to reach 3.5% in 2025," noting "the effort to reduce dependence on oil revenues, which will enhance economic diversification and stability."

He pointed out that "actual spending for 2024 and revenue forecasts for 2025, along with deficit financing strategies, will be reviewed, as will updating the public debt strategy to ensure financial sustainability and enhance investor confidence in government bonds."

The meeting addressed "reforms in the financial sector," with the International Monetary Fund stressing the importance of modernizing the banking system to attract foreign capital, and emphasizing "expanding cooperation with international correspondent banks to facilitate trade financing."

The International Monetary Fund (IMF) renewed its support for developing Iraq's fiscal policy, proposing to provide advisors and experts to assist the Ministry of Finance in managing public debt and improving the tax system, as well as increasing the use of the Iraqi dinar in key transactions to strengthen the national currency.

The meetings reflected "Iraq's commitment to financial reforms, enhancing economic stability, and adopting investment-friendly policies, in line with its strategic partnership with the International Monetary Fund." LINK

Years Will Witness A Qualitative Leap In The Industrial Sector Through New Projects And Modern Production Lines.

Local | 05:16 - 03/15/2025  Mawazine News – Baghdad  The Ministry of Industry confirmed, on Saturday, that the industrial sector will witness a qualitative leap in the coming years, while indicating that 196 partnership contracts were concluded with the private sector to boost production.

Ministry spokeswoman Duha Al-Jubouri said: "The ministry did not adopt the full privatization of factories, but rather resorted to partnerships with the private sector in accordance with the ministry's partnership law," noting that "the number of effective partnership contracts has reached 196 contracts, distributed among 27 companies."

She added, "50 of these contracts were concluded during the period from October 27, 2022, until now.

" She explained that "some contracts have been signed, while others are still under study or in the foundation stone laying stage," noting that "the partnerships covered multiple sectors, including communications and energy,

Which included the manufacture of power stations and transformer assembly, the petrochemical industries, as well as the automotive industry, which included the assembly and manufacture of machinery, in addition to armoring and conversion projects for various wheels."

She continued, "The partnerships included the mining, electrical, and construction industries, as well as the maintenance and rehabilitation of gas turbine units, in addition to the establishment of new factories to produce phosphate fertilizers, medicines, insulin, and human vaccines."

Al-Jubouri emphasized that "these contracts will contribute to improving and increasing production," noting that "these projects, being huge factories operating with modern technologies, will require several years to complete their construction and operation."

She added, "The coming years will witness a qualitative leap in the industrial sector through new projects and modern production lines."   https://www.mawazin.net/Details.aspx?jimare=260195

Industry: 196 Partnership Contracts With The Private Sector To Boost Production

Aluminum factory in Iraq. "Internet"  Money and Business   Economy News – Baghdad  The Ministry of Industry confirmed on Saturday that the industrial sector will witness a qualitative leap in the coming years, noting that 196 partnership contracts have been concluded with the private sector to boost production.

Ministry spokeswoman Dhuha Al-Jubouri said in a statement reported by the official news agency and reviewed by Al-Eqtisad News, "The ministry did not adopt the full privatization of factories, but rather resorted to partnerships with the private sector in accordance with the ministry's partnership law."

She noted that "the number of effective partnership contracts has reached 196, distributed among 27 companies."

She added that "50 of these contracts were concluded during the period from October 27, 2022, until now."

She explained that "some contracts have been signed, while others are still under study or in the foundation stone laying stage," noting that "the partnerships covered multiple sectors, including communications and energy, which included the manufacture of power stations and transformer assembly, the petrochemical industry, as well as the automotive industry, which included the assembly and manufacture of machinery, in addition to armoring and conversion projects for various wheels."

She continued, "The partnerships included the mining, electrical, and construction industries, as well as the maintenance and rehabilitation of gas turbine units, in addition to the establishment of new factories to produce phosphate fertilizers, medicines, insulin, and human vaccines."

Al-Jubouri emphasized that "these contracts will contribute to improving and increasing production," noting that "these projects, being huge factories operating with modern technologies, will require several years to complete their construction and operation."

She added, "The coming years will witness a qualitative leap in the industrial sector through new projects and modern production lines."   https://economy-news.net/content.php?id=53424

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

3 Records You Should Keep Indefinitely Once Your Taxes Are Filed

I’m a Tax Expert: 3 Records You Should Keep Indefinitely Once Your Taxes Are Filed

Kerra Bolton   Fri, March 14, 2025  GOBankingRates

While it could be tempting to throw away documents after filing tax returns, doing so could put you at financial and legal risk. Maintaining certain financial records indefinitely can safeguard against future tax disputes, facilitate asset management and ensure compliance.

 “It is important to keep documents that affect future years forever, such as documents related to losses that have created carryovers, agreements and investment records, which may create future cash basis,” said Crystal Stranger, senior tax director and CEO of Optic Tax.

While the IRS provides guidelines on the minimum duration for retaining various documents, GOBankingRates spoke to two tax and financial experts to explore three records you should keep indefinitely once your taxes are filed.

Filed Tax Return Copies

Individuals should keep copies of their filed federal and state tax returns even for years after they’re filed.

“General tax return documents should be kept at least three years,” Stranger said. “But it can be good to keep records for seven years, because the IRS could go back that far if there are certain types of underreported income or fraud.”

These documents serve as a historical record of an individual’s income, deductions and tax payments.

“If you get rid of tax records and then later need them, you will not have what you need to substantiate your deductions or credits,” Stranger explained. “This can cause a loss or reduction in allowed deductions, and you could end up owing taxes.”

Property and Real Estate Records

Documents related to property ownership, such as deeds, titles and records of significant home improvements, should also be kept.

TO READ MORE:  https://www.yahoo.com/finance/news/m-tax-expert-3-records-160112864.html

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 3-15-25

Good afternoon Dinar Recaps,

2,300,000 CREDIT AND DEBIT CARDS LEAKED ON DARK WEB AS HACKERS INFECT MILLIONS OF DEVICES, DRAIN BANK ACCOUNTS: REPORT

Millions of debit and credit cards have been leaked on the dark web amid an explosion in the number of devices infected by data-stealing malware, according to cybersecurity and anti-virus firm Kaspersky.

Kaspersky says that from 2023 to 2024, at least 2.3 million bank cards were exposed via infostealer malware and posted on the dark web.

Over the same period, infostealer malware infected 26 million devices running Windows. The cybersecurity firm says bank card information is stolen in every 14th infection by this type of malware.

According to Kaspersky expert Sergey Shcherbel, the actual number of devices infected by infostealers is most likely higher.

“Cybercriminals often leak stolen data in the form of log files months or even years after the initial infection, and compromised credentials and other information continue to surface on the dark web over time. Therefore, the more time passes, the more infections from previous years we observe.”

The cybersecurity firm says the infostealer malware known as Redline was the most prevalent of the data-thieving malware, accounting for 34% of the total infections in 2024. Risepro, which primarily focuses on stealing banking card details and passwords, is another fast-spreading infostealer.

“The most significant surge in 2024 was in infections caused by Risepro, whose share of total infections increased from 1.4% in 2023 to almost 23% in 2024.”

According to Kaspersky, the Risepro infostealer, which is also targeting cryptocurrency wallet data, is spreading through software cracks, game mods and key generators.

Kaspersky advises individuals and organizations monitor bank notifications, enable two-factor authentication and run full security scans on all devices to remain vigilant against these types of malware threats.

@ Newshounds News™
Source:  DailyHodl

~~~~~~~~~

BRICS LOOK TO BLOCKCHAIN FOR ALLIANCE PAYMENT SYSTEM

Amid the alliance’s efforts to move away from the US dollar-dominated financial system, the BRICS bloc is reportedly eyeing blockchain as the basis for its developing payment system. Indeed, the collective is introducing a new proposal to push its efforts for economic autonomy forward.

The BRICS bloc has been engaged in a faceoff with the US since the return of President Donald Trump to the White House. Specifically, he has threatened 150% tariffs on the alliance amid its de-dollarization efforts. In response, the bloc has fractured, with some continuing to pursue movement away from the greenback.

BRICS New Proposal Eyes a Blockchain-Based Payment System

Throughout the last year, the BRICS bloc has targeted its own independence from the US dollar. The currency has continued to be weaponized, with the Biden administration instituting sanctions and Trump now introducing tariffs. Indeed, the collective has gone as far as to challenge the influence of the Petrodollar.

Those efforts have only taken a step forward this week with the 2025 summit nearing. Indeed, the BRICS bloc is eyeing blockchain technology for an alliance payment system that will further challenge the greenback, according to a new proposal.

cording to a new report, BRICS 2025 chairmanship holder, Brazil, has introduced the new initiative. It would seek to streamline cross-border transactions and lower costs to increase efficiency for local currency settlement. Although the bloc has assured it will not challenge the US dollar’s dominance, it would encourage and promote local currencies.

It will now be up to Trump and the US to identify the difference. Throughout his first two months back in office, he has not shown that kind of discernment when it comes to the greenback. Specifically, his campaign trail activities that signaled the US dollar’s status as a global reserve asset remained one of his most important focuses.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Insiders Claim Trump will Reset Economy July 4th 2026 to a New Gold Back Currency w/ Andy Schectman

Insiders Claim Trump will Reset Economy July 4th 2026 to a New Gold Back Currency w/ Andy Schectman

Sarah Westall  Mar 14, 2025

In this interview with Andy Schectman, Andy drops a bombshell stating that Judy Shelton, Trump’s former pick for the Federal Reserve, told him directly that Trump will pull the trigger on the economic reset July 4th 2026 with a gold backed currency.

That’s a pretty big deal coming from Shelton. We know the economy is ready for a reset soon, what ultimately occurs is still up in the air, but this was big news to me.

Details of the interview:

Andy Schectman rejoins the program to discuss the volatile market and the massive gold moving off the COMEX. An unprecedented situation which has never been seen in our life time. He also shares what he has heard from insiders that Trump plans on flipping the switch on the new US economy July 4th, 2026.

https://sarahwestall.substack.com/p/insiders-claim-trump-will-reset-economy

To listen to video click here:  https://sarahwestall.com/insiders-claim-trump-will-reset-economy-july-4th-2026-to-a-new-gold-back-currency-w-andy-schectman/

Weekend Coffee with MarkZ. 03/15/2025

Weekend Coffee with MarkZ. 03/15/2025

It appears Mark has been taken off youtube for a week. So try Rumble and Twitch this week to find him

The rolling chat does not work well on Rumble…so cannot post member questions…  Notes will be very short this week.

MarkZ  Update- Some highlights by PDK-Not verbatim

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

MZ:  We spend the first 45 minutes with CBD Guru’s,  then tackle the news of the day.

MZ: I do have some wealth management/redemption folks working half a day today….then on call tomorrow . they continue to keep things updated and ready. They say they are staying in a “readiness state” and that is why they are working some this weekend.

MZ: From Iraq: “ Will the Coordination Framework collapse in the face of a potential Sadr/Sudanese alliance?”  This is actually a good thing for us. These were two blocs that did not work together before …but now they are working together. What are they working towards?

MZ: they want to make the political system in Iraq work much better. And they are removing the influence of Iran and Maliki. We are seeing things they have been talking about for 20 years happening now.

MZ: Here is Vice President JD Vance: “Talking about the Iraq invasion –Vice and Trump we will protect minorities in Syria” he is talking about Christian minorities

MZ: “ Iraq forces kill “ Deputy Caliph” one of the world’s most dangerous terrorists”  This is big.

MZ: I was told by intelligence from US sources that this is an enormous blow to Isis. This is a big win to help build stability –especially in the northern region of Iraq.

MZ: “Ministry of interior: The electronic visa is mandatory for all expatriates  and is granted within 6 hours”  to me this screams Nesara/Gesara. To me they are preparing their citizens to return. I was excited about this one.

MZ: “Iran issues a new 200,000 toman” inflation is running quickly and we have already seen protests. Many are calling on replacing their government. If Iran makes enough changes…we may see them in the first basket again.

MZ: “Insiders claim Trump will reset economy July 4th 2026 to a new Gold Backed Currency-Andy Schectman “  I have heard this many times of late….DO NOT PANIC. This was Sarah Westhall with Andy . This does not mean that we havn’t gone through the process, have everything in place and be done before then….that just may be the really big , golden announcement of all the work they have done and everything that was changed. It could be just in time for the mid term elections. We should be long gone and exchanged by then .

MZ: But if you announce the “Golden Age” and the Gold standard on the 250 year anniversary of America . Maybe that is also when they announce the currencies are now in parity? I find this one interesting.

MZ: (From member) Doge is also supposed to done with their tasks and dissolved by July 4th 2026.

MZ: it’s like they are setting us up for a grand announcement. We know there is going to be a reset. They are openly talking about it. The government is talking about it openly, many other countries are talking about it openly. Meanwhile the EU is trying to push a CBDC on folks…..it is not going to work.

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

Kick:  https://kick.com/theoriginalmarkz

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

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

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

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

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

FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Rumble:  https://rumble.com/v6qoenu-weekend-coffee-with-markz.-03152025.html?e9s=src_v1_upp

News, Rumors and Opinions Saturday 3-15-2025

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 Sat. 15 March 2025

Compiled Sat. 15 March 2025 12:01 am EST by Judy Byington

Global Currency Reset: (RUMORS)

Thurs. 13 March 2025 Bruce: As of Wed. 12 March at 4 pm Bond Holders were flying into Reno and Miami to get their accounts. They were funding Bond Holders Tues. through Saturday of this week. Tier4b (us, the Internet Group) should get notified by Saturday 15 March.

Redemption Centers will be doing exchanges beginning Sat. 15 March. Redemption Centers will be exchanging for 14 days (some areas longer depending on the population).

Tues. 11 March 2025 Wolverine: “Big Bond Holders are flying to the US right now. We have big news that this is the week we have been waiting for. There is good news from Iraq that it’s going to get released. We’re hearing good news from lots of platforms.”

Fri. 14 March 2025:  CONFIRMED! Trump Unleashes Full GESARA Protocols – IRS Abolished, Taxes Wiped Out for Millions, Gold-Backed QFS Activated, Global Economic Reset Now Underway! – Gazetteller

Fri. 14 March 2025:  BREAKING NEWS: GOLD & SILVER PRICES ARE EXPLODING – HERE’S WHY IT CHANGES EVERYTHING! – amg-news.com – American Media Group

 ~~~~~~~~~~~~

Taxes:

Fri. 14 March 2025 Secretary of Treasury Scott Bessent: President Trump is (allegedly) putting a 90 day tax collection freeze on the IRS and firing 45,000 agents.

Corporate Taxes in the United States: “Corporate taxes in the United States began in 1894 when the first federal corporate income tax was introduced. However, this tax was challenged in court and found to be unconstitutional, leading to its repeal within one year. The corporate tax was reintroduced in 1913 with a much lower rate of 1%.” The Federal Reserve, didn’t just shove the income tax down the throats of Americans, it also shoved the corporate tax down the throats of American businesses too. Trump is taking us back to the constitution where the people have all the power again.” …Red Wave Rising on Telegram

Read full post here:  https://dinarchronicles.com/2025/03/15/restored-republic-via-a-gcr-update-as-of-march-15-2025/

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

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

Sandy Ingram  As Iraq becomes a regional trade hub more countries and businesses will need IQD pushing its value upward.  For those who are skeptical, the economic fundamentals behind [the development road]  project make it clear the IQD is on the path to appreciation.

Frank26  What's the reason why we don't have the new exchange rate for the new currency Iraq to give purchasing power to the Iraqi citizens?  What's the reason why?  Why don't we have it?  Is it because the weather is too hot?  Is it because we have an alignment of stars?  Is it because the leadership in Iraq, Sudani, he's just a bad man?  What is the reason why we don't have the monetary reform with a respectable exchange rate that the world wants?  Iran...security.  Do we have security with Iran?  No...[but] the security and stability of the Middle East is spreading.

Zombie Debt Will Drive The Whole Economy Under | Alasdair Macleod

Liberty and Finance:  3-14-2025

Alasdair Macleod reveals shocking truths about the state of global finance, warning that central banks are on the verge of collapse and the massive credit bubble is about to burst.

He argues that despite the belief that central banks can print unlimited money, their mounting debt and negative equity are pushing them to the brink.

Drawing eerie parallels to the 1929 Great Depression, Macleod explains how protectionism, rising tariffs, and a weakening economy are creating a perfect storm.

With foreign investors already pulling away from U.S. debt, he predicts a massive sell-off that could trigger an avalanche of financial chaos.

INTERVIEW TIMELINE:

 0:00 Intro

1:30 Central banks are going bust

13:10 Financial destruction is inevitable

18:55 BRICS

28:30 Banking system risk

40:00 Reducing risk

https://www.youtube.com/watch?v=ySliRoYc6-I

Seeds of Wisdom RV and Economic Updates Saturday Morning 3-15-25

Good Morning Dinar Recaps,

US CONGRESSMAN TO INTRODUCE NEW CRYPTO BILL PROTECTING TRUMP’S STRATEGIC BITCOIN RESERVE

Recent reports revealed that another member of the US House of Representatives will introduce a new bill on March 14 to codify US President Donald Trump’s executive order for a Strategic Bitcoin Reserve (SBR). This move follows recent efforts by several US lawmakers to formalize and protect Trump’s crypto plan.

New Bill Proposes US Bitcoin Reserve’s Protection

On Friday, Bloomberg reported that US Representative Byron Donalds will introduce a bill to codify President Trump’s executive order to establish a national Bitcoin (BTC) reserve. The proposed legislation reportedly seeks to formalize Trump’s plan and protect the strategic reserve from potential industry-adverse administrations in the future.

According to the report, the bill “would ensure that the reserve and stockpile could not be eliminated by executive action from a future president.” The US President signed an executive order on March 6 to create a strategic BTC reserve and a “Digital Asset Stockpile” within the US Department of the Treasury.

The order indicates that these initiatives would be funded by crypto seized from government criminal and civil forfeiture proceedings, including the US’ 200,000 BTC holdings and other digital assets already owned by the Treasury Department.

In a statement to Bloomberg, Donalds affirmed that the “Democrats waged a war” on the crypto industry and it “is the time for Congressional Republicans to decisively end.” The legislation requires at least 60 votes in the US Senate and a House majority to pass.

The US Representative’s move is the latest in the recent efforts from various US lawmakers to give Bitcoin recognition as a strategic asset at the state and national levels under the new crypto-friendly administration, including Senator Cynthia Lummis’s actions to codify President Trump’s recent executive order.

On Tuesday, US Senator Lummis reintroduced her reserve bill, initially introduced last July, in the Senate to implement a BTC purchase program. As reported by Bitcoinist, the bill is co-sponsored by Republican Senators Jim Justice, Marsha Blackburn, Bernie Moreno, Roger Marshall, and Tommy Tuberville.

The Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act, or Bill S954, aims to “ensure the transparent management of Bitcoin holdings of the Federal Government, to offset costs utilizing certain resources of the Federal Reserve System, and for other purposes.”

The US Senator highlighted the “landmark legislation that will codify President Trump’s bold vision to establish the United States Strategic Bitcoin Reserve and strengthening our nation’s economic foundation for generations to come."

Lawmakers Split Over Trump’s Crypto Reserve

Meanwhile, US Representative Nick Begich also introduced the “Bitcoin Act on 2025,” a companion bill to Senator Lummis’ legislation, to the US House on Tuesday. The legislation, co-sponsored by six Republican Representatives, is “designed to ensure the United States secures its financial independence and maintains its leadership in the global digital economy.”

Begich emphasized the need for the United States to establish a formal Bitcoin reserve, like its gold reserves, as “America cannot afford to fall behind in this financial revolution.”

Nonetheless, recent reports revealed that other Congress members are opposing President Trump’s crypto plan. Democratic Representative Gerry Connolly recently wrote a letter to Treasury Secretary Scott Bessent, pushing to abandon the strategic reserve plans.

The congressman considers, “Such a reserve provides no discernible benefit to the American people but would significantly enrich the President and his donors. It would also constitute unsound fiscal policy by picking winners among currencies via social media and wasting taxpayer dollars.”

The letter also asks for the documents and communications about the reserves, soliciting a “detailed list of safeguards that are in place to protect against government officials financially benefiting from the strategic cryptocurrency reserve.”

@ Newshounds News™

Source:  Bitcoinist

~~~~~~~~~

GOLD ETFS WINNING THE ASSET RACE WITH BITCOIN FUNDS–FOR NOW

The price of the traditional safe-haven asset has soared recently, but bitcoin is the real “hot sauce,” says analyst Eric Balchunas.

Gold exchange-traded funds in the U.S. are leading in assets under management again after briefly being dethroned by the new American Bitcoin ETFs, a result of the traditional risk-off asset’s surge to a record high and BTC’s recent slump.

American ETFs giving investors exposure to gold’s price are collectively managing close to $150 billion in assets, VettaFi data shows. The 11 Bitcoin ETFs—approved by the SEC last year—now have over $93 billion in managed assets.

In December, Bitcoin ETFs briefly overtook their gold counterparts, according to K33 Research, thanks to the cryptocurrency’s price increase following the election of U.S. President Donald Trump, whose policies were widely expected to boost the digital asset industry.

Bitcoin spiked to an all-time high at nearly $109,000 in January the day of his inauguration. But it has steadily lost ground and was recently trading around $84,000, down about 25% from that record.

Friday’s BTC price comes the precious metal hit a record of $3,014 per ounce as investors spooked by the new president’s trade war look for less volatile investments. Gold is a traditional safe-haven asset favored during periods of economic turbulence.

Bitcoin has largely traded similar to tech stocks and other risk-on assets over the past year.

“Bitcoin has some safe haven qualities, but lately it’s behaved more like a risk asset, and that’s why we’ve seen more outflows in those spot ETFs,” etf.com’s Senior Content Editor Kent Thune, who oversees research at the publication, told Decrypt, noting gold’s status as an inflation hedge and safe-haven investment in the “current environment.”

The new Bitcoin ETFs smashed expectations last year following their approval after new capital from investors previously locked out of the world of crypto investing flooded the market. The funds collectively breached $3 billion in net flows just one month after they started trading—beating the launch of the gold ETFs 20 years ago.

But macroeconomic uncertainties and traders concerned about Trump’s policies, including his tariffs on favored trading partners, have led to massive outflows this year, helping push the price of Bitcoin down.  

Still, this trend could soon be reversed, Bloomberg ETF analyst Eric Balchunas said, as Bitcoin is the real “hot sauce.”

“It’s not really a reflection of customer interest,” he said, adding gold catching up with Bitcoin again was simply down to “the market.”

“Most regular people want stocks and bonds and spice—they want real speculative stuff. So to me, gold isn’t hot sauce, and the fact that Bitcoin could act as hot sauce made it still a lot better over the past year than gold, even though gold is going up.”

“I just think that gold can never be hot sauce,” he said, adding that while gold has won the battle, Bitcoin could win the war in the medium- to long-term.

@ Newshounds News™

Source:  Decrypt

~~~~~~~~~

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“Tidbits From TNT” Saturday Morning 3-15-2025

TNT:

Tishwash:  Net foreign investment into Iraq declined by 48%.

The Iraqi Statistical Office issued an official report stating that net foreign investment into Iraq fell from $2.9 billion in the second quarter to just $1.5 billion, a decline of 48%.

Foreign direct investment plays a pivotal role in strengthening the Iraqi economy, as it contributes to reducing dependence on the state for foreign currency, in addition to supporting vital economic sectors, according to economic expert Manar Al-Obaidi.

Meanwhile, the Iraqi government announced that net foreign direct investment over the past two years amounted to $63 billion, which contradicts official data released by the Iraqi Statistical Office  link

Tishwash:  The role of electronic payment in strengthening our banking system

Dr. Haitham Hamid Mutlaq Al-Mansour

 In light of the rapid technological developments witnessed worldwide, financial and banking systems are facing radical transformations aimed at enhancing efficiency, transparency, and financial inclusion. Among these transformations, the electronic payment system stands out as a fundamental pillar in reforming banking systems, especially in developing countries like Iraq.

 The Iraqi banking system, which has suffered for many years from structural challenges and weak infrastructure, has begun to witness positive transformations thanks to the adoption of electronic payment technologies.

Electronic payment affects the banking system in general through:

1. Increased confidence in the banking system: Electronic payments enhance customer confidence in the banking system by providing secure and fast payment methods. When individuals feel their financial transactions are secure and easy to conduct, they are more likely to deposit their money in banks rather than keeping it in cash.

2. Promoting financial inclusion: Electronic payments facilitate access to banking services for individuals and small businesses, especially in remote areas or areas with a lack of bank branches. When more people can open bank accounts and conduct financial transactions easily, this leads to increased deposit rates, as depositing money in banks becomes more attractive than keeping it outside the banking system.

3. Reducing reliance on cash: In economies that rely heavily on cash, deposit rates are relatively low due to the widespread cash culture. By adopting electronic payments, reliance on cash can be reduced and individuals and businesses can be encouraged to deposit their money in banks, leading to higher deposit rates.

4. Improving the efficiency of banking operations: Electronic payments reduce banks' operational costs, as they eliminate the need for traditional branches and their staff. This improvement in efficiency can translate into better returns on deposits, making them more attractive to savers. 

5. Increased transparency and anti-corruption: Electronic payments enhance transparency in the financial system, as financial transactions become recorded and monitored. This reduces the risk of corruption and tax evasion, enhancing customer confidence in the banking system and encouraging deposits.

Global data clearly demonstrates the strong positive relationship between the spread of electronic payments and increased deposit rates in the banking system. It is noted that countries that have adopted effective electronic payment systems, such as China, India, and Kenya, have seen significant increases in deposit rates, demonstrating the impact of electronic payments on the banking system. This is as follows:

1. China:

It is one of the most advanced countries in the field of electronic payments, with more than 80% of the population relying on platforms such as Alipay and WeChat Pay. According to World Bank reports, deposit rates in China have increased significantly with the spread of electronic payments, with the deposit-to-GDP ratio reaching more than 180% in 2022. Electronic payments have contributed to increased financial inclusion, with the number of bank accounts increasing from 64% in 2011 to more than 90% in 2022. 

2. India:

Following the launch of the Unified Payments Interface (UPI) system in India, bank deposits increased significantly. In 2022, the deposit-to-GDP ratio reached 75%, up from 60% in 2016. Electronic payments have contributed to an increase in the number of bank accounts from 35% in 2011 to more than 80% in 2022.

3. Kenya:

Kenya is a pioneer in the use of mobile payments through M-Pesa. Bank deposits have increased from 20% in 2007 to more than 70% in 2022, thanks to the spread of electronic payments and increased financial inclusion.

4. Sweden:

Sweden is one of the countries with the highest reliance on electronic payments, with cash transactions accounting for less than 1% of total transactions. Meanwhile, the Swedish deposit-to-GDP ratio is around 90%, reflecting high confidence in the banking system.

In Iraq, the deposit-to-GDP ratio remains relatively low compared to other countries, recording a 9% decline. However, since 2024, the banking sector has begun to witness a significant decline in the total value of deposits, with a 9% decline from IQD 133.5 trillion in 2023 to IQD 123.5 trillion in 2024. This decline is despite the increase in the number of bank accounts following the widespread adoption of electronic payments, which rose from 23% to approximately 50% in just a few years. This reveals the reasons behind the decline in the value of deposits in the banking system, especially in light of the Central Bank's move to promote electronic payment tools and increase reliance on the banking sector. This poses significant challenges for the government to address, developing medium- and long-term plans, and adopting supportive policies to address these challenges, which include the following:

1. Weak technological infrastructure: Iraq's telecommunications and internet networks continue to suffer from quality and coverage issues, hindering the effective implementation of electronic payment systems.

2. Low levels of financial literacy: A large portion of the population relies on cash transactions due to a lack of sufficient awareness of the benefits of electronic payment and how to use it.

3. Lack of a legal and regulatory framework: The implementation of electronic payment requires clear laws and regulations that govern electronic payment operations, protect consumer rights, and facilitate and enhance the flexibility of payment processes.

4. Security concerns: Some individuals still fear the risks of cyber-hacking and data theft, which limits their use of electronic payments.  link

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Tishwash:  A politician warns of the repercussions of Al-Kadhimi's return... he carries an American agenda.

Abdul Hamid al-Dulaimi, a member of the United Anbar Alliance, warned on Friday of the repercussions of the return of former Prime Minister Mustafa al-Kadhimi, describing him as carrying an American agenda that does not serve the people's interests. 

In a statement to Al-Maalouma Agency, Al-Dulaimi said, "Former Prime Minister Mustafa Al-Kadhimi represents the last American card for Iraq, as he has clear plans to create widespread chaos in Iraq by fueling demonstrations to destabilize the country's security and stability for reasons that have become known to everyone, in addition to spreading political differences between the poles of the political process and planting a spirit of division among its components by strengthening the regional government over the center." 

He added, "Al-Kadhimi's return to Baghdad carries within it American agendas, the outlines of which will become clear in the coming period, amid warnings from political and security sources of the repercussions of his return and its negative impact on the political process." He indicated that "Al-Kadhimi is working to attract the Sadrist movement by all means to strengthen his front and the illusions of those affiliated with the movement that his plan is in the interest of Iraq." 

Finally, Al-Dulaimi stressed that “America follows a policy of planting its spies inside countries to implement its agenda as it deems appropriate for the interests of its country.”  link

Mot: .... Ya KNows - as Ya Season - Ya Get To ~~~~

Mot: Lifes Choices - YOU Decide!!!  Doughnuts or gym

MilitiaMan & Crew-Iraq Dinar News-IMF-Affirms Major Transactions in Dinar-Central Bank Iraq-Ministry of Finance

MilitiaMan & Crew-Iraq Dinar News-IMF-Affirms Major Transactions in Dinar-Central Bank Iraq-Ministry of Finance

3-14-2025

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

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

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FRANK26….3-14-25……GHOSTED

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FRANK26….3-14-25……GHOSTED

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What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

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