More News, Rumors and Opinions Tuesday PM 1-28-2025

KTFA:

Henig:  From Scott Bessent, the newly confirmed Treasury Secretary on X/Twitter just now:   "As Treasury Secretary, I’m committed to eliminating income taxes, replacing them with a fair consumption tax, and adopting a gold-backed currency. We’ll erase debt, restore financial privacy, and unlock new technologies for a prosperous future. The golden age starts now."   https://x.com/Scott_Bessent/status/1884014609872609669  

Henig:  Here's your bill submitted in Congress that intends to repeal the Federal Income Tax:

H.R.25 - To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States.

Sponsor:Rep. Carter, Earl L. "Buddy" [R-GA-1] (Introduced 01/03/2025)Committees:House - Ways and MeansLatest Action:House - 01/03/2025 Referred to the House Committee on Ways and Means.  

(All Actions)Tracker: Tip

This bill has the status Introduced

Here are the steps for Status of Legislation:

Introduced

Passed House

Passed Senate

To President

Became Law

Summary: H.R.25 — 119th Congress (2025-2026) A legislative analyst in the Congressional Research Service will begin analyzing this legislation after text becomes available. https://www.congress.gov/bill/119th-congress/house-bill/25

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Clare:  World Bank official pledges to Sudani to finance several oil, energy and infrastructure projects

1/28/2025

The Minister Mohammed Shia al-Sudani called on Tuesday on the World Bank's Vice President for the Middle East and North Africa, Osman Dayon, to enhance the experience of economic reforms that support the private sector, while Dayon pledged the bank's financing of a number of oil, energy and other infrastructure projects.

The Prime Minister's media office said in a statement received by Shafaq News Agency that Al-Sudani received Dayon and discussed ways of cooperation between Iraq and the World Bank, and the progress of development projects in Iraq.

The Prime Minister pointed out that development projects that aim to maximize the non-oil economy and contribute to job creation are a priority for government attention, stressing the continuation of economic reforms that support the private sector, and that the World Bank is called upon to enhance this experience.

Al-Sudani explained that the government considers the World Bank an important partner in the reform process, and that the Ministerial Council for the Economy has approved the program that was approved by the Ministry of Planning in cooperation with the World Bank, especially since the results of the reform steps in the customs and tax fields have begun to appear in a tangible and positive way.

The meeting witnessed discussions on financing the old railway rehabilitation project, and financing a number of other development projects, as Dayon pledged to finance a number of oil, energy and other infrastructure projects.

The International Finance Corporation (IFC)’s contribution to financing a number of private sector projects was also discussed, according to the statement.  LINK

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

Frank26  [Iraq boots-on-the-ground report]  FIREFLY: Mr Sammy said...issues with oil and gas will always persist until a new rate appears.  That's the only thing that will actually solve all this [disagreement between Baghdad and Kurdistan]   FRANK:  Yeah, that's absolutely right.  I agree.  All we need is the new exchange rate.  Everything else will iron itself out.

Militia Man   The US and the UK have some of the largest foreign currency in Iraqi dinar in the world outside of Iraq.  When you get worried about them doing things where you don't get any value...it's absolutely false.  The United States isn't going to throw away the trillions of dinar they have nor the UK.  Keep that in mind because that should alleviate some of the significant [fear] of folk thinking Iraq's reinstatement of their currency or giving it a real effective exchange rate isn't going to bring value, it surely will IMO.

51.8% Of Stock Trades Are Now Done IN DARK POOLS

Lynette Zang:  1-28-2025

In today's live we are talking about the recent update that over 51% of all stock trades are done on markets that do not publish trade data. Meaning that these trades are essentially done on a black market...

https://www.youtube.com/watch?v=ZYsfG_F-YAw

Oh Boy... (IS The DEBT MARKET ABOUT TO IMPLODE?) Maybe... And Here Is Why.

Greg Mannarino:  1-28-2025

https://www.youtube.com/watch?v=oUYJ6QzGkEI

Iraq Economic News and Points to Ponder Tuesday Afternoon 1-28-25

Between Economic Experts’ Warnings And Government Denial, The Value Of The Iraqi Dinar Is At Stake

Buratha News Agency512025-01-28   An informed government source denied, on Tuesday (January 28, 2025), that the Iraqi government has any intention to reduce the value of the dinar against the dollar, despite rumors indicating upcoming measures to confront economic pressures and challenges in the international market.

The source confirmed that "the news about the government's intention to reduce the value of the dinar against the dollar is absolutely incorrect." He added: "The government is working to stabilize the official exchange rate set by the Central Bank, and seeks to control the parallel market. Any change in the exchange rate during the current stage or within the 2025 budget schedules will lead to negative results, and that is why the government is committed to strengthening the current rate."

A Different Economic Vision

In contrast, economist Ziad Al-Hashemi believes that reducing the value of the dinar to 1,450 dinars against the dollar could be a possible step to deal with the repercussions of the economic crises. Al-Hashemi said: “This measure may reduce the financial pressure on the government and reduce the cost of supporting the dinar, but it will negatively affect citizens through deteriorating salaries and rising prices of goods and services.”

Al-Hashemi added: “Devaluing the currency may lead to increased inflation rates due to the loss of confidence in the dinar and the increase in demand for the dollar. This decision, despite its limited positive impact in the short term, will have long-term consequences on the markets and the lives of Iraqi citizens.”

The Political Aspect And Trump's Role

On the political front, political affairs expert Nabil Al-Azzawi pointed out that US President Donald Trump, who is expected to return to the White House, may change his policies towards Iraq. Al-Azzawi explained: “Trump, as an economist, realizes that politics is managed through economics. Despite the previous tense relations, indications are that he will deal cautiously with the Iraqi file.”

Al-Azzawi praised what he described as the "wisdom of Al-Sudani's government" in sparing Iraq political crises and international sanctions, considering that relations between Baghdad and Washington may witness positive development after activating the security agreement and strengthening mutual interests.

Between Denial And Warnings

With conflicting positions between government denial and economic warnings, it seems that the Iraqi government is facing a challenge in maintaining the stability of the currency and avoiding the negative repercussions of any ill-considered action.

While economic pressures are increasing, the Iraqi citizen remains the most affected by any change in financial policies.

This file resolves a delicate balance between government decisions and economic recommendations, to ensure financial stability and protect citizens from the repercussions of any decisions that may affect their daily lives.   https://burathanews.com/arabic/economic/455724

The exchange rate of the dollar against the dinar decreased in Baghdad and Erbil

 01/28/2025  Mawazine News – Economy  The US dollar exchange rates fell in the markets of Baghdad and Erbil, the capital of the Kurdistan Region, on Tuesday, with the closure of the country's stock exchanges.

The dollar prices also fell with the closure of the Al-Kifah and Al-Harithiya stock exchanges, recording 149,900 dinars per 100 dollars, while the prices were 150,350 dinars per 100 dollars this morning.

The selling prices in the exchange sector decreased in the local markets in Baghdad, where the selling price reached 151,000 Iraqi dinars per 100 dollars, while the purchase price reached 149,000 dinars per 100 dollars.

In Erbil, the dollar also recorded a decrease, where the selling price reached 150,000 dinars per 100 dollars, and the purchase price reached 149,900 dinars per 100 US dollars. https://www.mawazin.net/Details.aspx?jimare=259126

Al-Sudani: The Government Considers The World Bank An Important Partner In The Reform Process

Politics | 04:12 - 01/28/2025   Mawazine News – Baghdad   Prime Minister Mohammed Shia al-Sudani confirmed today, Tuesday, that the government considers the World Bank an important partner in the reform process.

The Prime Minister's media office stated in a statement received by "Mawazine News" that "Prime Minister Mohammed Shia al-Sudani received today, Tuesday, the Vice President of the World Bank for the Middle East and North Africa, Mr. Osman Dayon, where they discussed ways of cooperation between Iraq and the World Bank, and the progress of development projects in Iraq."

According to the statement, al-Sudani said that "development projects that aim to maximize the non-oil economy and contribute to job creation are a priority for government attention, stressing the continuation of economic reforms that support the private sector, and that the World Bank is called upon to enhance this experience."

He added that "the government considers the World Bank an important partner in the reform process, and that the Ministerial Council for the Economy has approved the program that was approved by the Ministry of Planning in cooperation with the World Bank, especially since the results of the reform steps in the customs and tax fields have begun to appear in a tangible and positive manner."

The Prime Minister's Media Office stated that "the meeting witnessed discussions on financing the old railway rehabilitation project, and financing a number of other development projects, as Dayon pledged to finance the bank for a number of oil, energy and other infrastructure projects. The contribution of the International Finance Corporation (IFC) in financing a number of private sector projects was also discussed."   https://www.mawazin.net/Details.aspx?jimare=259119

Economist: Central Bank Reserves Vary Between Dollars And Gold

2025/01/28 Read: 1,695 times   {Economic: Al Furat News} Economic expert Salah Nouri said today, Tuesday, that the reserve in the Central Bank consists of (the dollar, the euro, and gold priced at the London market price.

Nouri explained in his interview with {Euphrates News} that “the Central Bank’s policy aims to diversify the investment portfolio between the dollar and gold, as this portfolio is managed according to global variables.”

He pointed out that "the Central Bank has investments in the form of debt bonds in the US Treasury with acceptable interest rates."

Nouri continued, saying: “In light of the current international changes and US President Trump’s statements, the Central Bank may turn to gold as a safe haven.”

He added: "According to the Central Bank's announcements, the gold reserve is considered a safe level, in addition to the dollar reserve, which can help maintain economic stability."

Regarding the economic challenges, Nouri pointed out that "the difficulties that Iraq may face are related to the financial policy managed by the Ministry of Finance, as the decline in oil prices, the limitation of the quantity of exports, and the problems with the region lead to a decrease in the ministry's revenues from oil sales in dollars, in addition to the US Federal Reserve's policy that transfers the dollar to the Ministry of Finance."

"These difficulties in financial policy negatively affect the monetary policy followed by the Central Bank of Iraq," Nouri added.   LINK

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

Millionaires Live by These Rules To Build Wealth

Millionaires Live by These Rules To Build Wealth — Experts Explain If They’ll Work for You

Angela Mae   Mon, January 27, 2025  GOBankingRates

There’s an estimated 24.5 million millionaires in the United States. That’s a relatively small percentage of the country’s population, but it’s also not zero — meaning it’s very possible for more people to achieve “millionaire” status. It’s all about being strategic and intentional with your money and financial decisions.

If you’ve decided to truly pursue the goal of becoming a millionaire, you might be wondering how to get started. What types of rules do millionaires — especially self-made ones — follow to build (and maintain) their wealth?

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Here’s the answer, according to a Forbes article, and how well the average person can follow those rules to do the same, as per the experts.

Pay Yourself First

Building wealth can take a while, but you can get yourself on the right path by prioritizing saving money before you prioritize spending it. In other words, pay yourself first.

According to the Forbes article, you should be saving 20% to 30% of your total income. This means you should save $20,000 to $30,000 for every $100,000 you make. You can do this based on either net or gross income, but gross will result in greater savings potential.

“By prioritizing savings and investments before any discretionary spending, individuals ensure that they are consistently building wealth,” said Shirley Mueller, founder of VA Loans Texas. “The earlier you begin this habit, the more time your money has to grow, particularly through the power of compound interest.”

Live Below Your Means

Millionaires stay millionaires not because they flaunt what they have or spend their money with abandon, but because they live below their means. But they become millionaires because they also think big.

This means spending less than you earn, which could entail eliminating those unnecessary expenses or reevaluating your budget. And it means dreaming of — and planning for — a bigger future.

“Resist the urge to splurge! Once of the most common financial mistakes people make is to drastically increase their expenses as soon as their income increases,” said Melissa Murphy Pavone, founder at Mindful Financial Partners.

“Avoid the urge to spend more as you make more. Instead save more. Invest the difference. As you get a raise, give yourself a raise. Increase your 401(k) contribution. Add to your emergency fund. Your future self will thank you.”

Be Strategic With Debt

TO READ MORE:   https://www.yahoo.com/finance/news/millionaires-live-rules-build-wealth-210100915.html

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 1-28-25

Good Morning Dinar Recaps,

ARIZONA SENATE COMMITTEE APPROVES STRATEGIC BITCOIN RESERVE BILL

Arizona's move to explore digital asset investments, like Bitcoin, signals a growing trend among states to diversify public funds.

▪️Arizona's Senate Finance Committee approved a bill allowing public funds to invest in Bitcoin.

▪️The bill permits investment of up to 10% of public funds in virtual currencies like Bitcoin.

Arizona lawmakers have advanced a bill allowing public funds to invest in Bitcoin and other digital assets, with the state Senate Finance Committee approving the measure in a 5-2 vote on January 27.

Co-sponsored by Wendy Rogers and Jeff Weninger, the proposed legislation, known as SB1025 or “Arizona Strategic Bitcoin Reserve Act,” allows the state to invest up to 10% of public funds, including those held by the state treasurer and retirement systems, in virtual currencies like Bitcoin.

The bill also includes provisions for storing digital asset holdings in a secure segregated account within a potential federal Strategic Bitcoin Reserve if the Secretary of the Treasury establishes a strategic Bitcoin reserve for government holdings.

The US Senate on Monday also confirmed Scott Bessent as Treasury Secretary on a vote of 68 to 29, with bipartisan support. As a supporter of Trump’s economic policies, Bessent opposes a central bank digital currency and is seen as pro-Bitcoin.

Following its passage through the Finance Committee, Arizona’s Bitcoin reserve bill now moves to the Senate Rules Committee, which will set parameters for floor debate and amendments. If approved by the full Senate, the measure will proceed to the House of Representatives.

According to Dennis Porter, CEO and co-founder of the Satoshi Action Fund, Arizona is the first state to have a bill specifically focused on creating a Bitcoin reserve pass through a legislative committee.

If this bill becomes law, Arizona would be the first state to officially invest public funds in Bitcoin.

As of Jan. 27, eleven states have introduced their respective Bitcoin reserve bills, according to Porter. He noted in a separate post, "I can confirm that at least 15 states will introduce ‘Strategic Bitcoin Reserve’ legislation. Maybe even 16."  He also noted, "As a reminder, only 3 months ago this number was zero."
@ Newshounds News™

Source:  CryptoBriefing

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U.S. CRYPTO RESERVES SHOULD INCLUDE XRP TOO: RIPPLE CEO GARLINGHOUSE

▪️Ripple CEO advocates for a U.S. crypto reserve to include Bitcoin and other tokens.

▪️Brad Garlinghouse calls for collaboration, not competition, within the crypto industry.

▪️Bitcoin supporters argue only Bitcoin should be included in the U.S. crypto reserve.

Brad Garlinghouse, the CEO of Ripple, has stirred up the conversation around the U.S. government’s plans to create a national digital asset reserve.

While some Bitcoin supporters argue that only Bitcoin should be included, Garlinghouse believes that the reserve should be more inclusive, featuring Bitcoin alongside other cryptocurrencies like Ripple’s XRP. His bold stance challenges the status quo and raises important questions about the future of digital assets.

Brad Garlinghouse thinks collaboration, rather than competition, is the key to crypto’s success.

A Vision for Crypto’s Growth

Garlinghouse’s main message is that the cryptocurrency industry can thrive more if different cryptocurrencies work together instead of competing against each other. In a recent tweet, he pointed out that focusing on one cryptocurrency over others is not the way forward. He believes success in the industry will come through collaboration, not rivalry.

He stressed that the crypto market should not be a “zero-sum game,” where the success of one digital asset means the failure of another. Garlinghouse, who owns multiple cryptocurrencies, including XRP, Bitcoin, and Ethereum, wants a fairer playing field where all digital assets can succeed.

Why a Diversified Digital Reserve Matters

Garlinghouse believes any government-backed digital asset reserve should be diversified.

“If a government digital asset reserve is created, I believe it should be diversified. It should include more than just one token, whether it’s BTC, XRP, or any other.”

Ripple has been actively working with U.S. regulators to ensure XRP is part of the conversation about digital asset reserves. Garlinghouse believes that having a balanced reserve will help grow the cryptocurrency industry as a whole, benefiting more than just Bitcoin.

Bitcoin Supporters Push Back

Garlinghouse’s suggestion has faced criticism from some Bitcoin supporters. Pierre Rochard, Vice President of Riot Platforms, argues that Bitcoin’s decentralized nature makes it the only suitable cryptocurrency for the reserve. He also believes Ripple is lobbying to get XRP included.

Ryan Selkis, CEO of Messari, shares this viewpoint, stating that Bitcoin’s unique features make it a better fit for the reserve than other cryptocurrencies.

As the U.S. government considers creating a national digital asset reserve, the question remains: will it include only Bitcoin, or will it be open to other cryptocurrencies, as Garlinghouse suggests? This decision could have a big impact on the future of the crypto industry.

@ Newshounds News™

Source:  CoinPedia

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Economist’s “News and Views” 1-28-2025

MARKET WARNING Issued as Valuations Explode Signaling Collapse is THIS CLOSE

Taylor Kenny:  1-28-2025

The stock market is on the brink of collapse as the CAPE ratio signals extreme overvaluation, nearing levels not seen since the dot-com bubble.

With margin debt at record highs and speculation fueling the market, the fallout of the inevitable crash could be devastating.

Learn why this bubble is unsustainable, what history tells us about past crashes, and how you can prepare to protect your wealth today.

CHAPTERS:

00:00 - The Stock Market's Dangerous Overvaluation

00:38 - Historical Context of Market Returns

01:13 - Explaining the CAPE Ratio

 03:00 - The Danger of Overvaluation Today

 03:35 - Debt-Fueled Speculation Driving Growth

 05:08 - The Role of Margin Debt

06:40 - Lessons from the Dot-Com Bubble

 07:06 - The Everything Bubble: What’s Next

 08:12 - How to Prepare for the Crash

https://www.youtube.com/watch?v=zLZ6Mw7_3PI

Central Banks are Selling US Treasuries and Buying Gold Instead

Heresy Financial:  1-27-2025

TIMECODES

00:00 China, Japan & the U.S. Dumping Treasuries

 00:24 U.S. Treasury’s $36 Trillion Debt Explosion

 00:53 The Fed’s Balance Sheet Reversal (Opposite of QE)

02:02 China & Japan Unloading U.S. Debt Holdings

 02:30 Fed’s Share of Total Debt Near Historical Norms

03:24 Central Bank Gold Buys vs. Treasuries

04:49 Why Gold Prices Surged 35% This Year

05:53 Stocks vs. Bonds: S&P Earnings Yield vs. 10-Year

 07:03 Higher Rates & the Crowding-Out Effect

 08:35 The Next Phase of the Long-Term Debt Cycle

09:30 “11th Century Stocks”: Building a 100-Year Portfolio

09:46 Closing Thoughts

https://www.youtube.com/watch?v=Can_5smdMt4

China did Unthinkable to the US and Wiped $1Trillions of the US market: What’s Next?

Fastepo:  1-28-2025

https://www.youtube.com/watch?v=0OINGWWMUIk

Coffee with MarkZ and special guest MustangMedic. 01/28/2025

Coffee with MarkZ and special guest MustangMedic. 01/28/2025

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Good Morning Mark, Mods and fellow RV’ers

Member: It is truly a beautiful time to be alive, and beautiful things just around the corner

Member: We are into a new beginnings….. will the RV be among them?

MZ: It’s still quiet on the bond and group side. I did get a check in from a Freedom Group (PP) saying one of their leaders have started updating. I have had other contacts from that Prosperity Package saying they were also asked to update their contact information. I found that very positive.

MZ: In Iraq there is a ginormous fight over the budget.  “Parliamentary Finance: Parliamentary pressure on the government to send 2025 budget tables”  There is also unusual international pressure to get it done. Especially from the US. We never seemed to be concerned about this the last 15 years….and now suddenly we are concerned that they pass a budget.

MZ: “ The region demands more dollars-and the center and the south rise up and refuse to pass the budget”   We had seen articles like this in Kuwait just before they released their RV. The same back and forth in articles….and Kuwait said they were not going to increase the rate for 6 months the same exact day they released it….China and Germany did the same thing

MZ: I was told that there is so much pressure and Iraq has agreed to settle in the next 3 days….. also they have a team already in Baghdad from the Kurdish region with great hope to settle this debate on the budget tables and know this budget out.  

Member: I am sure enjoying all the rumors that the Federal Reserve and IRS may be going away….and income taxes…..those would be such a huge help to all US citizens.

Member: Yes, he is (replacing IRS with ERS--External Revenue Service -not Internal)

Member: and our new Treasury secretary said in a post yesterday “I’m committed to eliminating income taxes, replacing them with a fair consumption tax, and adopting a gold-backed currency. We’ll erase debt, restore financial privacy, and unlock new technologies for a prosperous future.”

MZ: I saw that and I am ready for a fair consumption tax. …and no income tax….That would be a great thing.

Member: I wonder what are the odds are that these new tax laws take affect prior to April 15?

Member: I heard the Scott Bessent post was not on a verified account and the account has since been taken down….best to consider it a rumor for now.

Member: Any of the Old RVers Remember Nick Fleming he used to say before he passed away in 2023 back in the Fall 2022 that the RV would go in February. We just didn't know which one.

​​Member: On 4 March 2025 President Trump will give the State of the Union Address before Congress. It was 236 years ago on 4 March 1789 the first meeting of the US Congress under the new Constitution was held.

Member: Hope everyone has a great day today!

Member: May your hope and dreams of a better day come to pass.

Mustang Medic joins the stream today. Please listen to the replay for his thoughts and opinions

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

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.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=I87gi_3gu6w

News, Rumors and Opinions Tuesday 1-28-2025

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

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 28 Jan. 2025

Compiled Tues. 28 Jan. 2025 12:01 am EST by Judy Byington

Judy Note: Seven Presidential messages will soon(allegedly)  play on cell phones worldwide. Three Eight-hour TV Documentaries will (allegedly)follow on TVs Worldwide 24/7 explaining GESARA’s 20 Reforms.

The Pentagon has failed multiple audits, and $billions were missing.

The privately owned Federal Reserve (allegedly)collected all US Taxpayer dollars and sent the monies to the privately owned Crown of England and then on to the privately owned Vatican, and then on to the Cabal privately owned Central Banks across the World. About a month later, the monies were(allegedly) returned to the privately owned US Inc. New York Bank, where US Taxpayers were charged interest to use their own monies – and that interest was the primary reason for the National Debt of an estimated over $110 Trillion.

No wonder Trump has declared an end to the privately owned Federal Reserve and their privately owned IRS.

Sun. 26 Jan. 2025: KABOOM! Trump Declares the End of Income Taxes! IT MUST BE the NESARA GESARA Era! VIDEO – amg-news.com – American Media Group

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No Income Tax, No IRS, No Federal Reserve = NESARA/GESARA Has Arrived? (RUMORS)

Mon. 27 Jan. 2025 Scott Bessent: “As the new Treasury Secretary, I’m committed to eliminating income taxes, replacing them with a fair consumption tax, and adopting a gold-backed currency. We’ll erase debt, restore financial privacy, and unlock new technologies for a prosperous future. The golden age starts now.” https://x.com/Scott_Bessent/status/1884014609872609669?s=19

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Mon. 27 Jan. 2025: House GOP Targets IRS: Fair Tax Act to Overhaul U.S. Tax System

Judy Note: The House GOP Fair Tax Act of 2025 as below is slightly different from what Trump proposes

The House GOP has unleashed a bombshell: the Fair Tax Act of 2025—a legislative nuke aimed at abolishing the IRS forever. Imagine a nation without income taxes, death taxes, payroll taxes, or corporate taxes. Instead, a single national sales tax would dominate, shifting the burden to every transaction, leaving the elites nowhere to hide.

Why Now?  The IRS is crumbling: $20 billion in enforcement funding lost. A leadership overhaul with Trump-backed firebrands ready to gut the institution. Resistance brewing against Direct File systems, threatening to expose deepstate control over your taxes.

The Fair Tax Explained: This act would impose a 23% tax on goods and services starting in 2027. Critics claim it’s a 30% hit, but supporters argue it’s the price of freedom from IRS tyranny. The revenue breakdown is clear: 64.83% for general government spending. 27.43% to Social Security and disability funds. 7.74% for Medicare and healthcare trusts.

Once implemented, the tax rate could fluctuate, tied to government spending—a direct way to hold Washington accountable!

A Radical Shift in Power: This isn’t just about taxes. This is about freedom from the corrupt swamp. For decades, the IRS has funneled wealth upwards while crushing small businesses and working families. With the Fair Tax, the power returns to YOU. No audits. No loopholes for billionaires.

Opposition Panicking: The left-wing media and their globalist allies label this act “radical” and “unworkable.” Why? Because it threatens their empire. A consumption tax forces the elites and even illigal immigrants to pay their share while empowering American workers.

Plans are in motion to: End taxes on tipped workers. Abolish income taxes on Social Security benefits. Impose steep tariffs on foreign goods, keeping American dollars at home.

The Storm Has Arrived: The Fair Tax Act isn’t just a policy—it’s a declaration of war on the corrupt institutions that bleed you dry. The IRS is gasping for air, it’s only a matter of time before it’s obliterated.

Are you ready for a future where the Deepstate can no longer control your wallet? The time to rise is NOW. Stay vigilant. Stay loud. The storm is HERE.

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Mon. 27 Jan. 2025 Elon Musk: DOGE implementing Blockchain Technology in US government operations to track and reduce Federal spending. …Edward Snowden on Telegram

“Elon Musk, the head of the Department of Government Efficiency (DOGE), is reportedly exploring implementations of blockchain technology in US government operations to track and reduce federal spending.

According to Bloomberg, the DOGE is also looking at using blockchain to secure data, make payments, and manage buildings as part of the DOGE’s efficiency push.

Personnel from the newly commissioned non-government department have also met with representatives from public permissionless blockchain networks to consult about potential use by the US government.”

Blockchain technology is going to revolutionize our government in a way that shines the light on everything they do.

Every dollar will be tracked on a blockchain and accounted for.

Every bill in Congress will be put on a blockchain so the American people can read it BEFORE it’s voted on, so that they can voice their opinion to their representatives first.

And every budget will be on a blockchain so the American people can see if Congress is representing the citizens or themselves.

Everything decentralized, open and honest.

It’s going to change everything. Sunlight is the best disinfectant. Our government will be FORCED to be open and honest. The people in control.

Read full post here:  https://dinarchronicles.com/2025/01/28/restored-republic-via-a-gcr-update-as-of-january-28-2025/

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

Militia Man   We know the economic reforms are underway and we all know there's certain things still missing.  I think Alaq has that push button.  I think that's about where we are because you haven't see that 12-2c amendment yet...There's a reason for that because they can't, because they're going to have to expose that at or around the same time Alaq does what he needs to do...The good part is it looks like it's coming to the forefront...

Jeff   Article: "Al-Sudani calls on American companies to participate in the 'development renaissance' in Iraq"  Quote: "Implementation of 18 agreements and MOUs signed during al-Sudani's list to the US in 2024."  Iraqi delegation met with US official under Trump back in 2020 and they also met mid-last year in 2024. They're telling you right here they have 18 agreements and MOUs signed and in place ready to implement.  That's why they will be meeting just a little later this year, March to April, to discuss the implementation of these items, not to draft them.  These meetings don't have anything to do with the rate changing or us waiting for it in March to April.  This is getting buckling down getting to business after the rate has already changed.

Trump's Crypto Order: Is CBDC a Bigger Threat to the Dollar Than Bitcoin? Deven Soni

President Donald Trump’s latest executive order on cryptocurrency could redefine the digital financial landscape. The order bans CBDCs, prioritizes financial privacy, and proposes a national digital asset reserve built from lawfully seized cryptocurrencies.

 Joining us to break down the impact of this groundbreaking development is Deven Soni, CEO of Matador Technologies. Soni, a seasoned investor and blockchain expert, shares his insights on what this means for Bitcoin, stablecoins, and the broader financial system.

 Key Topics

Trump bans central bank digital currencies – what’s next?

The U.S. digital asset reserve: Bitcoin’s role in a new financial era

Stablecoins, tokenization, and the future of financial innovation

How Trump’s policies protect the U.S. dollar and financial liberty

Gold's role and 2025 price outlook

00:00 Welcome

 01:27 Implications of the Executive Order

03:25 Bitcoin and National Digital Asset Reserve

 06:07 Banning Central Bank Digital Currencies

09:06 Impact on Stable Coins and Financial Liberty

11:33 Senator Cynthia Lummis and Bitcoin Reserve

12:56 SEC's Repeal of Crypto Restrictions

 15:53 Tokenization and Future of Digital Assets

19:48 Gold Market Trends and Tariffs

22:03 Matador Technologies and Digital Gold

 24:21 Conclusion

https://www.youtube.com/watch?v=YZWd2-rVGsg

Iraq Economic News and Points to Ponder Tuesday AM 1-28-25

After Fidan's Visit To Iraq, A Deputy Reveals The Fate Of The "Road Of Development" Project
 
January 27, 2025   Baghdad/ Iraq Observer   Parliament member Amang Herki revealed the fate of the development road project after the visit of Turkish Foreign Minister Hakan Fidan to Baghdad.
 
"It is impossible to implement this project currently in light of the regional conditions experienced by Iraq and the region, especially the security conditions from them."  

He added,  "There are many topics in the region, and the discussions that took place between the Turkish Foreign Minister in Baghdad were one of the partial topics that were discussed with the Iraqi side, where there are other topics that were discussed from the situation in Syria," noting that
 
"the meeting was It has a security character more than an economic nature.”
 
Global Economy and Trump
 
A member of the House of Representatives stressed that
 
"the global economic policy witnessed a major change in the region, especially during the
    
     inauguration of US President Donald Trump, in addition to
     this reflection on the Middle East, the
     Syrian situation and the
     Turkish move in the region," noting that
 
"it is difficult to predict the possibility of directing the project of development in the shadow All these current circumstances.”
 
Earlier, the Minister of Transport, Razzaq Muhaibis Al -Saadawi, confirmed that the
 
     middle of this year will witness the announcement of the first passage of the development road project, indicating that the  
 
     completion rates in the project are very advanced, where the  
 
     economic feasibility has been completed by 100%, and the  
 
     initial designs of the railway, the highway and approval were completed Its 100%, and the  
 
     completion of soil tests for a distance of 1,000 km out of 1,200 km, as well as  
 
    approving the final path of the project, and  
 
    starting to prepare detailed designs.

Advanced achievement rates
 
The minister explained that
 
“Prime Minister Mohamed Shawaa Al -Sudani stressed the
     need to adhere to the specified time timing and
     not to allow any delay or delay in implementing the project.
 
The Minister indicated the role of consulting companies:
 
“The Italian company BTP will be responsible for the initial and detailed designs, economic feasibility, and soil examinations, while
 
the German company Oliver and Ayman will be charged with preparing the financial and economic model, project governance, and marketing.”
 
The Turkish Foreign Minister, Hakan Fidan, arrived in the capital, Baghdad, to hold talks with Iraqi officials.
 
The Turkish minister discussed economic, security and regional files, most notably the lines of
 
     accelerating the implementation of the project of development and the  
     participation of Turkish companies in this project, in addition to  
     raising the volume of trade exchange between the two countries and the file of the  
     Kurdistan Workers' Party and the developments of the 
     situation in Syria and the region.       https://observeriraq.net/بعد-زيارة-فيدان-الى-العراق-نائب-يكشف-م/    

Introduction
 
January 27, 2025      An introductory overview of the Directorate
 
  The Directorate of Control of Non-Banking Financial Institutions in the Central Bank of Iraq shall be responsible for licensing, supervising and controlling non-bank financial institutions,
 
with the aim of
 
     protecting the financial system from potential risks and
     enhancing confidence in the non -banking financial sector.
 
It also seeks to ensure the provision of safe and effective financial services to citizens,
 
in addition to ensuring that these institutions comply with laws and instructions in accordance with international standards in the field of compliance, which contributes to promoting financial stability.     https://cbi.iq/news/view/2779 

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

How To Avoid, Prevent 'Financial Infidelity' In Your Relationship

How To Avoid, Prevent 'Financial Infidelity' In Your Relationship

Brad Smith  Mon, January 27,  Yahoo Finance Video

Bankrate Senior Industry analyst Ted Rossman joins Wealth to discuss how couples can avoid financial infidelity in their relationships.

According to Rossman, secret spending is the most common form of financial infidelity, followed by hidden debt and concealed credit cards or bank accounts. He explains that people often hide financial matters because "they feel ashamed about the way they handle money" or they're seeking independence, noting "it's hard for people to mesh those money personalities."

Rossman advocates for the "yours, mine, ours" approach to money management. This strategy allows couples to be transparent about joint expenses while maintaining some financial independence. "Increasingly, people are craving some sort of financial separation, even within a relationship," he states, citing that 60% of couples maintain separate accounts.

Rossman emphasizes transparency as the key distinction: "It's financial infidelity when it's a secret." He stresses the importance of open communication, adding that couples should discuss "not just where it's going today but also where you want it to go in the future."

To watch more expert insights and analysis on the latest market action, check out more Wealth here.

This post was written by Angel Smith

TO READ MORE AND VIEW VIDEO:

https://www.yahoo.com/finance/video/avoid-prevent-financial-infidelity-relationship-200500599.html

Seeds of Wisdom RV and Economic Updates Tuesday Morning 1-28-25

Good Morning Dinar Recaps,

SENATE CONFIRMS PRO-CRYPTO SCOTT BESSENT AS US TREASURY SECRETARY

As US Treasury secretary, billionaire hedge fund manager Scott Bessent will have sway over fiscal policy, financial regulations, international sanctions and overseas investments.

The US Senate has confirmed Donald Trump’s pick for US Treasury secretary, billionaire hedge fund manager Scott Bessent.

On Jan. 27, the Senate voted 68 to 29 to confirm Besset, with 16 Democrats supporting the nomination.

Ripple CEO Brad Garlinghouse congratulated Bessent on X, adding that he was “confident he’ll enact common-sense economic policies, working with the Administration and Congress to grow US tech and crypto innovation.”

As Treasury secretary, Bessent will have influence over the nation’s tax collections and its $28 trillion Treasury debt market. He will also have sway over fiscal policy, financial regulations, international sanctions, and overseas investments.

The 62-year-old Tennessee lawmaker strongly supports Trump’s economic agenda, including the renewal of $4 trillion in expiring tax cuts, the implementation of tariffs, and increased oil production. He also pushed back against the idea that Trump’s policies would be inflationary, Reuters reported.

During his confirmation hearing, Bessent said that government spending was “out of control.”

Bessent is known to be pro-crypto and against the notion of a central bank digital currency along with President Trump. “I see no reason for the US to have a central bank digital currency,” he said in a Jan. 16 Senate Finance Committee hearing.

He’s also said a central bank digital currency is for countries that have “no other investment alternatives” and are “doing it out of necessity.”

Bessent told Fox Business in July that he has “been excited about the president’s embrace of crypto, and I think it fits very well with the Republican Party. Crypto is about freedom, and the crypto economy is here to stay.”

Under Trump’s Jan. 23 crypto executive order, the Treasury will take a role in the governmental working group to hash out the strategy for US crypto policy.

Trump’s AI and crypto czar David Sacks, and the chairs of the Securities and Exchange Commission and the Commodity Futures Trading Commission will also form part of the working group.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

CFTC ACTING CHAIR PHAMS CALLS ROUNDTABLE TO TACKLE CRYPTO ISSUES

Caroline Pham said the CFTC would “get back to basics” by hosting a series of roundtable talks with crypto industry leaders to address regulatory pain points.

On Jan. 27, Caroline Pham, acting chair of the Commodity Futures Trading Commission, said that the regulator plans to engage with digital asset stakeholders to discuss market structure and prediction markets as the U.S. pivots toward greater crypto adoption.

According to Pham, the CFTC “must take a forward-looking approach” to resolve conflicts of interest and policy gaps left by the previous administration.

Innovation and new technology has created a renaissance in markets that presents new opportunities that are accessible to more people, as well as risks. The CFTC will get back to basics by hosting staff roundtables that will develop a robust administrative record with studies, data, expert reports, and public input.  ~  Caroline Pham, acting CFTC chair

Pham’s decision to include prediction markets in the roundtables could reignite speculation over the CFTC’s stance on the sector. Previously, former chair Rostin Behnam criticized prediction markets, declaring them harmful to public interest.

Prediction markets like Polymarket and Kalshi gained prominence toward the end of last year. These platforms, which allow users to wager on real-world outcomes, became popular sources of electoral data, accurately predicting the winner of the general elections and several other races.

The CFTC previously sued Kalshi to halt its political betting contracts, initially winning in court. However, Kalshi eventually secured court approval to list its presidential outcome markets for U.S. customers. Notably, Polymarket remained unavailable to American users at the time of publication.

The roundtable discussions will occur over several months to align agency mandate with industry development, Pham said in her CFTC-issued statement.

Pham was selected to head the regulatory by President Donald Trump last week as part of the first official steps to overhaul anti-crypto sentiment entrenched in U.S. market watchdogs.

While she is acting chair, Behnam will formally leave the commission on Feb. 7. Trump’s preferred nominee to succeed Behnam has not yet been announced, and it is unclear how long Pham will serve as acting chair.

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

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“Tidbits From TNT” Tuesday Morning 1-28-2025

TNT:

Tishwash:  Planning and the World Bank discuss a number of development issues and financing strategic projects

Minister of Planning Mohammed Ali Tamim discussed today, Tuesday, with the Vice President of the World Bank for the Middle East and North Africa, Othman Dioni, joint cooperation and ways to enhance it to serve the development process in Iraq.

The ministry stated in a statement that "Tamim discussed during his reception of Dioni and his accompanying delegation, several topics, including the railway link project between Iraq and Turkey within the development road project, and the electrical link project with neighboring countries, especially with the Kingdom of Saudi Arabia and the State of Kuwait, in addition to discussing cooperation in the field of highway projects, water management, and the development and expansion of Baghdad International Airport.

For his part, the Vice President of the World Bank, Dioni, stressed that Iraq represents a priority, within their future plans, expressing his readiness to support strategic projects in various development sectors.  link

Tishwash:  Parliamentary Committee: Government Focuses on Supporting Non-Oil Revenues and Attracting Global Investments

The Parliamentary Economic Committee confirmed, on Monday, the development of a plan to study the financial situation and encourage non-oil revenues, while indicating the government's support for the move towards non-oil revenues that strengthen the national economy and attract global investments.

Committee member Ruqayya Al-Nouri said in a statement reported by the official news agency, and seen by "Al-Eqtisad News", that "the committee supports economic trends that benefit the country in general," indicating that "there are many opportunities in the field of non-oil revenues."

She added, "The committee needs to work together to study the financial and economic situation and encourage non-oil revenues while monitoring their distribution," indicating that "Iraq has a vast stock of natural resources, and is a rich country not only in terms of oil, which encourages international companies to invest."

She added, "The government of Prime Minister Mohammed Shia al-Sudani greatly supports the diversification of non-oil revenues and constantly emphasizes this trend." link

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

Tishwash:  Financial disclosure and transparency is a strategic approach for the Central Bank

Samir Al-Nusairi

 In the past few days, officials in financial and monetary policy were surprised by the statements of some unspecialized analysts and unspecialized media outlets about the crisis of the lack of liquidity in the Ministry of Finance and the Central Bank and the impact of this on delaying the securing of salaries of employees, retirees and social care.

 The truth is that there is absolutely no such crisis, and this is what the Ministry of Finance and the Central Bank confirmed.

Central banks in the world's countries aim primarily to achieve economic stability by achieving monetary and financial stability according to their programs and strategies that aim to maintain stability in the exchange rate of their local currencies against other foreign currencies and build sufficient foreign reserves according to special international standards.

Banks are also evaluated based on other standards related to facing crises, challenges and economic and political shocks in their countries and controlling stable rates of inflation and interest rates and implementing compliance systems and rules and combating money laundering and terrorist financing.

The Central Bank of Iraq's journey during 2023 and 2024 has proven that it is moving steadily towards achieving the objectives of monetary policy and with a consistent and strategic approach that relies on transparency and disclosure of financial data and dealing with international financial organizations and institutions, based on the keenness to restore confidence in international banking transactions, which Iraq suffered from in previous years due to reputational risks and the negative media impact towards harming the Iraqi economy and leaking inaccurate and fabricated data, information and statements intentionally or by relying on data from other than its official source, which is the Central Bank exclusively.

This led the Central Bank's management, which assumed responsibility in 2023, to draw up its third strategy, and one of its most prominent main and sub-goals was to adopt transparency and disclosure locally and internationally about the progress of the results achieved by the financial and banking sector and adherence to the standard international standards applied by reputable international banks, which led to the creation of a new and balanced relationship with international banks and banking institutions based on trust in the financial data provided and announced by the Central Bank.

This is what he announced from statistics, data and accurate analyses of what was achieved during the past two years. These are positive indicators achieved by the Central Bank for the third quarter of 2024 compared to the same period in 2022 and 2023, as the total deposits in banks operating in Iraq grew by (4.2%) and amounted to (127.6) trillion dinars, compared to its value of (122.4) trillion dinars in the third quarter of 2023, and the cash credit granted by operating banks also recorded a growth of (11.6%) and amounted to (72.7) trillion dinars, compared to its value of (65.1) trillion dinars in the third quarter of 2023.

Indicators and data showed that the narrow money supply in Iraq recorded a growth of (4.1%) in the third quarter of 2024, as its value reached (158.6) trillion dinars, compared to its value of (152.4) trillion dinars in the third quarter of 2023. In contrast, the broad money supply in Iraq recorded a growth of (3.3%), as its value reached (179.1) trillion dinars, compared to its value of (173.9) trillion dinars in the third quarter of 2023.

The Central Bank's gold reserves also recorded a significant growth of (57%) in the third quarter of 2024, reaching (16) trillion dinars, compared to (10.7) trillion dinars in the third quarter of 2023, and the annual inflation rates in Iraq are among the lowest annual inflation rates in the countries of the region for the months of August and September of 2024, ranging between (3.1%) and (3.7%) respectively, which reflects price stability and the success of monetary policy in Iraq.

This confirms that the data issued by the Central Bank, published on its website and included in all media releases it issues, refute what is stated by non-specialists, such as representatives and analysts in various media outlets, especially regarding liquidity, reserves and salaries.

Through my analysis as a follower and specialist, I believe that the Central Bank’s disclosure of financial data with the required accuracy will greatly help restore confidence in our national economy and the Iraqi banking sector locally and internationally, because disclosure, transparency and credibility will contribute to restoring confidence in the Iraqi banking sector and raising the rate of financial inclusion. link

Mot: .. oooooh -- Yea -- Right!! --- LOL 

Mot: I NEVER Worry bout being - over da Hill --- never over the hill