10 Money Questions I Was Too Embarrassed To Ask

10 Money Questions I Was Too Embarrassed To Ask | Biggest Finanical Mistakes | How To Increase Earnings

Last Updated: August 16, 2022

At age 18 I took out a HUGE college loan… and wasted the leftover money on beer.

At age 19 I got my first credit card… and promptly missed the first payment.

At age 22 I bought my first truck… with an insane interest rate.

Now you may have been born with a degree in finance… but I wasn't – I had to learn everything through the school of hard knocks.  And I was too embarrassed to ask for help.  If I could go back and tell my younger self what to ask… these would be the 10 questions.

1. Am I Being Greedy?

Some of you may think you’re “obligated” to spend. It’s rooted in a belief that saving equals greed. You justify splurges as redistributing wealth. I’m afraid this mindset is warped. Spending less doesn't mean stealing from people don't earn as much as you.

Take my company for example. All the wealth tied to RMRS comes from the value I’ve created. My readers and subscribers find value in the 2000 articles, 700 videos and 200 infographics that my company has made. Advertisers see my content as platforms to promote their products. This value literally comes from nothing. And it's unlimited.

The answer:

No. There’s nothing wrong in finding alternative ways to earn. We must remember that many self-made millionaires these days created value out of thin air. No one was forced to buy their products. People valued them.

2. Can I Afford This Or That?

You receive your month’s pay and feel good. You’re tempted to spoil yourself – perhaps with that motorbike you always wanted? I know you’re checking your balance in the bank. That’s the wrong question to ask.

Obviously most of us would love a nice house and other luxuries. But now’s the time to focus on delayed gratification. It’s not whether you can afford the item in question. It’s really about thinking long-term – seeing more important things ahead.

The answer:

No. Replace the original question with “Could I afford it if I were to pay cash?” This helps you save and set aside money through every “No” that comes about. There’s no need to overthink. It’s automatic. You’re better off with a similar item that's used/secondhand for the meantime.

3. How Many Credit Cards Should I Have?

If you’re part of the majority who struggle with credit card debt, think about it. Wouldn’t life be easier if you didn’t have that many cards? Especially those with high-interest rates?

The desire to save is one thing. Making it happen is a whole different deal. You have to get rid of the obstacles. Less is more.

The answer:

To each his own – it’s you who knows how many credit cards you need to manage your money responsibly. The ideal cards only handle payments when debit cards aren’t accepted. They’re tools for convenience, not for impulse buying. I personally stick with just two.

https://www.realmenrealstyle.com/10-money-mistakes/

https://www.youtube.com/watch?reload=9&v=8n14tPHfHcA&feature=youtu.be

News, Rumors and Opinions Friday AM 2-7-2025

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

RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 7 Feb. 2025

Compiled Fri. 7 Feb. 2025 12:01 am EST by Judy Byington

Mon. 10 Feb. 2025 should be a go for Tier4b (Us, the Internet Group) according to a high up source. The Chinese Elders, who were backing the Global Currency Reset with their gold, had (allegedly)  bought all the Cabal’s Central Banks across the World. Those Banks were (allegedly)  merging with the QFS and taking a different role – they would no longer have access to individual bank accounts. All banks were (allegedly)  converting to XRP Ripple digital gold/asset-backed currency.

Thurs. 6 Feb. 2025: Breaking: GESARA Wealth Transfer Has Officially Begun! 2025 | Prophecy | Before It’s News

Thurs. 6 Feb. 2025 Bruce:

On Wed. 5 Feb. Trump (allegedly)  told the US Treasury not to let the RV go because they were not yet ready and that they were going to wait until the weekend.

Two contacts said that Trump (allegedly)  wanted us to have money by Sat. 8 Feb. 2025.

The World Bank and the IMF has held the RV up and both were about 95% ready to be dismantled.

Iraq has yet to put their new Dinar Rate in the Gazette.

~~~~~~~~~~~~~~~

Redemption Types: (RUMORS)

Currency Exchange: For those with ZIM bonds, dinar, and dong, you’re looking at (allegedly) double-digit rates at Redemption Centers, with gold-backed values. The ZIM bond is (allegedly) 1:1 to the new USTN dollar. You’ll be (allegedly) asked to allocate a portion of your funds for humanitarian projects-we’re not just saving ourselves; we’re saving the world.

XRP Buyback: There’s a $1 million per token value on XRP set by the QFS, already (allegedly) mirrored into Quantum Accounts. This buyback is part of a larger strategy to stabilize global markets and root out the evil.

This is About More Than Money: This is about justice, about freedom, and about taking back what’s ours. The deepstate’s grip is slipping, and this process is the path to redemption. The time is now, Patriots-we must stand ready to rebuild and restore.

Read full post here:  https://dinarchronicles.com/2025/02/07/restored-republic-via-a-gcr-update-as-of-february-7-2025/

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

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

Frank26  This is amazing, the speed of the information that is coming...It is in volumes and it is massive in instructions and education of the monetary reform to you citizens.  The laws are in place to expose the new exchange rate in the 2025 budget.  Everybody knows the truth is about to be revealed.  That's why Alaq and Sudani are telling Iraqi citizens, 'We are going to cover all the details very soon about this monetary reform.  We're going to tell you about your new exchange rate, about your new lower notes, we're going to tell you everything very shortly.'  This is so exciting to be a part of this history.  It's epic. 

Militia Man  Iraq's had restrictions on her currency and currency transfers.  She hasn't been on the Forex in an international capacity.  Why?  Because...it has to do with the IMF...obligations...compliance and it has to do with currency transfers across the world for trade...The central bank is talking like she's going international...That sounds like having the ability to move her money, which is the dinar, across borders and to do trade.  It looks like Iraq has the ability to fully access the IMF's compliance with Article VIII and Article IV of IMF's requirements...which promote free convertibility of member currencies...It looks to me Iraq has gone as far as she possibly can in making an announcement...

Will the IQD Skyrocket? The Truth Behind the Speculation

Edu Matrix:  2-6-2025

Will the IQD Skyrocket? The Truth Behind the Speculation - In this compelling video, we delve into the potential for the Iraqi dinar (IQD) to soar from $0.00076 to $0.10, exploring the economic groundwork laid over the past two decades.

Despite setbacks like ISIS and the pandemic, Iraq is poised for significant currency appreciation. Discover how increased adoption, speculative trading, and psychological milestones can drive this exponential growth.

We analyze critical market conditions and the role of fiat currencies alongside cryptocurrencies in shaping investment strategies. Join us as we unravel the complex landscape of currency speculation and what it means for investors eyeing the IQD.

OUTLINE:

00:00:00 Introduction

00:00:25 Understanding the Potential Increase

00:00:58 Key Growth Analysis

00:01:21 Factors Contributing to Value Appreciation

00:02:13 Comparative Analysis

00:02:49 Conclusion

https://www.youtube.com/watch?v=Yy4i6NlUs5U

“Tidbits From TNT” Friday Morning 2-7-2025

TNT:

Tishwash:  Iraq prepares to implement the first historic transfer operation through the international (TIR) ​​system

 The International Road Transport Union (IRU) announced Iraq's readiness to implement the first historic transport operation via the international road transport (TIR) ​​system, in a historic step towards enhancing cross-border trade.

During a visit last week, the Union confirmed that Iraq is close to achieving a major achievement in international trade, as it will soon witness the first transport operation under the umbrella of the internationally recognized system for customs transit, noting that this step reflects Iraq's commitment to modernizing the trade sector and adopting international practices.

A specialized workshop was also organized, focusing on the importance of the United Nations international agreements, such as the TIR Convention and the Dangerous Goods Convention, highlighting the role of these agreements in simplifying trade, enhancing security and reducing accidents.

The Federation stressed the importance of cooperation between the public and private sectors to ensure smooth implementation of the two mentioned systems, which contributes to enhancing Iraq's position in regional and international trade.

In conclusion, the Federation stressed that this step represents a new beginning for Iraq in the field of transportation and international trade, with the adoption of the best international practices to enhance efficiency and economic growth.  link

Tishwash:  Al-Sudani's advisor rebukes citizens for storing money at home and calls for investing it

 "Support the national economy

Mohammed Sahib Al-Daraji, the technical advisor to the Prime Minister, confirmed today, Thursday, that the volume of investments in Iraq amounts to about 60 billion dollars, while he pointed out that there is a large cash mass among citizens outside the banking system, which makes it economically useless if it remains stored in homes, calling for it to be converted into investment projects that contribute to transforming it into assets that support the national economy.

Al-Daraji said in a statement to the official agency, followed by the 964 network , that “Iraq’s gross domestic product exceeded $260 billion, which makes the ratio of external debt compared to the domestic product at a very low level, which opens the door to a new phase of external financing, but with studied conditions,” noting that “Iraq’s external public debt witnessed a significant decrease, as it fell from $20.9 billion to $9.8 billion.”

He stressed, “The importance of funding being directed towards productive projects capable of paying off their debts on their own, rather than focusing on consumer or ill-considered projects.”

Regarding current investments, Al-Daraji pointed out that “the volume of local and foreign investments in Iraq amounts to about 60 billion dollars, most of which are in the real estate and housing sector, which is a good thing,” stressing “the necessity of strengthening the role of the Iraqi investor and supporting him to diversify investments.”

He pointed out that “there is a large cash mass held by citizens outside the banking system, which makes it economically useless if it remains stored in homes,” calling for “transferring this money to investment projects that contribute to transforming it into assets that support the national economy and enhance sustainable development.” link

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

Tishwash:  Taif Sami confirms to the World Bank the government’s commitment to implementing financial and economic reforms

Minister of Finance Taif Sami Mohammed received today, Thursday, the World Bank Representative in Iraq, Emmanuel Salinas, and his accompanying delegation, to discuss ways to enhance cooperation between the two sides in supporting development projects and implementing economic reforms.

Sami stressed, according to the ministry’s statement, a copy of which was received by {Al Furat News}: “The importance of partnership with the World Bank in financing programs aimed at achieving sustainable development,and the Iraqi government’s commitment to implementing financial and economic reforms to ensure the stability of the national economy.”

She pointed out that "these reforms aim to enhance sustainable growth, improve the management of financial resources, combat corruption, and enhance transparency in government institutions."

For his part, the World Bank representative praised the Iraqi government's efforts to improve the economic environment and enhance transparency and efficiency, stressing "the bank's readiness to provide more technical and financial support in line with Iraq's development priorities."

The two parties agreed - according to the statement - to continue coordination and joint work to achieve strategic goals and enhance economic stability in the country. link

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

Tishwash:  Lost Fortunes: Iraqi youth risk all in the world of Crypto and Forex

Despite government warnings, digital trading in both cryptocurrency and foreign exchange (forex) continues in Iraq, mostly among young people eager for a quick buck. Many, however, do not consider the consequences and risks associated with these transactions.

The rise in crypto and forex trading comes after Iraq’s recent economic crises, including the government’s limitations on US dollar trading to stabilize the exchange rate.

Although there have been no official statistics on the number of Iraqis scammed through digital trading, economic experts believe the figures are substantial. However, since Iraq bans both crypto and forex trading, victims have no way to legally reclaim their losses.

Since crypto and forex transactions occur outside the banking system, the traders are more susceptible to fraud. Last year alone, dozens of young Iraqis lost their life savings due to digital trading.

20-year-old Saja Al-Saadi is one such victim. She told Shafaq News that she had saved five million Iraqi dinars (around $3,800) from work but was lured by digital trading platforms promising high returns, who instead stole her money in the blink of an eye. “I was devastated,” she said. “Since these platforms are illegal in Iraq, I couldn’t even file a complaint with the police to recover my money.”

Another victim, 45-year-old trader Abdul Amir Khalil, faced a much larger loss of over $250,000. Khalil turned to digital trading platforms to avoid banking procedures and streamline transactions. “After transferring $250,000 to a digital trading company, the platform disappeared overnight, and I was unable to recover the money due to blockchain encryption despite enlisting the help of IT specialists.” He told Shafaq News.

Many of these scams are operated by individuals who use untraceable crypto transactions to steal funds. Some are run by local networks that pose as investment firms, promising “huge returns,” using fake social media profiles and instant messaging apps like Telegram and WhatsApp to reach potential victims.

while the list of victims continued to grow, the Central Bank of Iraq (CBI) declared in 2022 that it does not license forex, stock, or crypto trading platforms.

The bank warned that fraudulent online companies falsely claimed to be licensed, using misleading advertisements to promote investments in stocks, crypto, gold, and oil.

According to Iraq’s Anti-Money Laundering and Terrorism Financing Law No. 39 (2015), digital trading is prohibited due to risks associated with fraud, illicit transactions, and economic instability. The use of electronic wallets and cards for crypto trading is also prohibited, due to “concerns over money laundering and financial crimes.”

Despite this prohibition, many traders bypass restrictions anyway using VPNs and international bank accounts or rely on middlemen in neighboring countries like Turkiye, Jordan, and the UAE to deposit and withdraw funds.

Economic expert Ali Dadoosh explained to Shafaq News that forex companies targeting Iraqi investors operate without oversight from the CBI or any regulatory body.

“Iraq lacks a legal framework for forex trading; there is no official regulatory body overseeing digital currency transactions,” he noted.

Dadoosh emphasized that while digital currency trading can be profitable for experienced investors, it carries significant risks for untrained traders.

According to Dadoosh, while non-crypto digital currencies are traceable and regulated by banks (if fraud is suspected, banks can freeze transactions or reverse transfers), crypto is encrypted, unregulated, and often used for illegal activities, including money laundering and drug trafficking, and recovering stolen crypto funds is nearly impossible.

While digital currencies offer advantages, such as lower transaction costs and faster transfers, Dadoosh warned that most Iraqis lack the expertise needed to avoid falling victim to fraud.

He advised young Iraqis to learn trading before investing and to only use well-established, legal companies and wait for new government regulations.

There have been voices inside Iraq calling on the government to regulate crypto and forex trade instead of prohibiting it, countries such as Egypt and Turkiye have already begun talks on legalizing crypto and forex trade regulations. The UAE has permitted it under strict regulations that ensure investor protection. link

Mot. Perfect Gift fur Thier New Home 

Mot: Being Professionsal While Working at Home!!!

https://www.youtube.com/watch?v=Mh4f9AYRCZY

Iraq Economic News and Points to Ponder Thursday Afternoon 2-6-25

It Gives Gold And Huge Money .. The Iraqi Al-Ahly Bank Launches The “Honest And Transparent” Prizes Program

February 6, 2025 Last update: February 6, 2025  Independent/- The Iraqi National Bank announced the launch of the new award program for the "Zanakin" account for the year 2025, which is the largest in the history of the account in terms of value and diversity of prizes. The bank said in a statement,
 
 “Zanakin’s customers will have the opportunity to win financial and in-kind prizes, whose total value reaches more than 3 billion Iraqi dinars distributed to more than 1,453 winners throughout the year, including luxury cars and gold bars in addition to the largest prize in the history of the Iraqi National Bank of the owner Good luck, which is the grand prize, and its value is one billion dinars.”

He explained,  "The prizes are in the form of daily prizes; 6 million Iraqi dinars distributed to 6 winners per day, while the weekly prizes are granted 4 gold bars of four winners every week.
 
In addition, a car will be awarded monthly to 12 cars throughout the year to the grand prize worth one billion Iraqi dinars for one winner at the end of 2025.

 The bank stressed that “the mechanism of drawing on the prizes depends on an electronic lottery system that guarantees integrity and transparency, while announcing the names of the winners through the bank’s social media platforms.
 
Also, communicating with the winners is also to ensure that they receive their prizes after confirming their eligibility according to the conditions of the program.
 
The account enables clients to increase their chances of winning daily, weekly, monthly and major prizes, based on the size of the deposited balance and the duration of its retention.
 
Besides, the account holders enjoy all other banking services and benefits provided by the Iraqi National Bank, which makes "Zanakin" the perfect choice for customers looking for an account that combines savings and true opportunities for profit.
 
For his part, the authorized director of the Iraqi National Bank, Ayman Abu Dahim, said,
 
“By launching the 2025 Zankin Awards, we confirm our continuous commitment to providing innovative banking programs.
 
The Zankin account is a platform that combines savings and distinctive opportunities that change the lives of the winners.
 
We seek to enhance the culture of saving among our customers by providing valuable and varied prizes that keep pace with their aspirations and realize their dreams.
 
We will continue to work to provide the best banking services that reflect our market leadership and meet the needs of our various customers.”

And "Zankin" is a useless saving account, which allows customers to benefit from a wide range of banking advantages in addition to winning prizes.

The account provides complete flexibility for customers, as they can access their money and make withdrawals at any time.

The account also allows the balance of the balance easily through the bank's ATM network.     
https://mustaqila.com/يمنح-ذهباً-وأموالاً-طائلة-المصرف-الأه/

Iraq, US Review Strategies To Enhance Financial Cooperation
 
Iraq   Amr Salem   February 6, 2025  An aerial view of a part of the Iraqi capital, Baghdad. Photo: AFP
 
Baghdad (IraqiNews.com) – The Iraqi Minister of Finance, Taif Sami, emphasized on Tuesday the value of collaboration with the United States in bolstering Iraq’s economic reforms and financial stability.
 
Sami’s remarks took place during her meeting with the Chargé d’Affaires of the US Embassy in Baghdad, Daniel Rubinstein, where the two sides discussed strategies to promote financial and economic cooperation between Iraq and the United States, according to a statement cited by the Iraqi News Agency (INA).
 
Iraq is committed to strengthening financial sectors and creating an appealing business environment, according to the country’s finance minister.
 
Rubinstein emphasized the United States’ eagerness to help Iraq with economic growth and to strengthen collaboration on financial reforms.
 
In order to accomplish shared goals, the US official emphasized the significance of ongoing collaboration between financial institutions in the two countries.
 
During a meeting held in October with the US Ambassador to Iraq, Alina Romanowski, Sami emphasized the significance of collaboration with the United States to advance Iraq’s current goals of financial stability and sustainable development.
 
According to the Iraqi finance minister, one of the key factors toward achieving the government’s objectives is the economic collaboration between the two countries.
 
As part of the strategic cooperation between Iraq and the United States, Romanowski emphasized the US commitment to continue aiding Iraq in several sectors, particularly in  the financial and economic areas.
https://www.iraqinews.com/iraq/iraq-us-review-strategies-to-enhance-financial-cooperation/

The Central Bank Of {Al -Sabah}: The Government Supports The Transformation Of The Digital Economy
 
First 2025/02/06  Baghdad: Hussein Thaghab  The Iraqi Central Bank affirmed that the government is working to develop the regulatory frameworks that support the transformation of the digital economy, especially in the field of electronic payment.
 
According to the representative of the Iraqi Central Bank at the Baghdad International Exhibition, the Virgin Taha Jumaa for "Al -Sabah",
 
"There is importance for the transformation that Iraq is witnessing towards the digital economy." Juma pointed out that
 
"one of the most important challenges facing the current stage is to gain citizens' confidence in electronic payment products, which will contribute to stimulating the hidden funds in homes and transferring them to the banking sector, as
 
this transformation is part of a larger strategy aimed at stimulating the national economy through investment Money in a way that serves major projects in the country. "
 
In the context of supporting digital transformation, Dr. Safwan Qusai, an expert in the financial sector, talked about the importance of strengthening financial inclusion as a primary priority in the context of expansion in the culture of electronic payment in Iraq. Qusai told Al -Sabah that
 
"this trend supported by the Iraqi government and the World Bank seeks to use advanced mechanisms and technologies aimed at providing financial services to the poor segment in society, which is in line with the goals of the Iraqi government in targeting the social classes that live below the poverty line Providing projects that help them improve their financial position. "

Qusai pointed out that  "digital transformation requires a variety of financial services and the development of banking products," noting that  "this change only comes by promoting banking culture among citizens."

 He added that  "providing a credit card for every citizen will contribute to the operation of the idle liquidity estimated at (70) trillion dinars.    https://alsabaah.iq/109738-.html    

Iraq Confirms Its Keenness To Enhance Cooperation With "NATO"
 
The second and the third   Baghdad: Morning  Wednesday, the President of the Republic, Abdul Latif Jamal Rashid, and Prime Minister Mohamed Shi'a Al -Sudani, expressed Iraq’s desire to enhance cooperation with NATO in the field of training and exchange of information and military industries, while the Sudanese received an official invitation to attend the North Atlantic Assembly in Brussels.

A presidential statement, which was received by "Al -Sabah", stated that  "the President of the Republic, the Secretary-General of the NATO (NATO) received Mark Rate, and the accompanying delegation, and during the meeting, the joint files between Iraq and NATO were discussed, as well as a review of the overall security situation in the region, As well as discussing a number of issues related to logistical support for the NATO Mission operating in Iraq.
 
The President of the Republic stressed, according to the statement,
 
"the need to expand the horizons of bilateral cooperation in the areas of providing advice, and contribute to building and developing the military capabilities of the Iraqi security forces."

He pointed out, "The development of the security services in all their formations and the growing capabilities in the field of training and preparation," stressing that
 
"Iraq has exceeded difficult conditions represented by the war on terrorism, and that the security forces managed to eliminate ISIS gangs and their remnants, and it has the readiness and ability to face various security challenges."

 Rashid explained that "today Iraq is blessed with security and economic stability, and that the political parties adopt the principle of dialogue between them," noting that
 
"relations with neighboring countries and the world are good, and we welcome the arrival of businessmen and investors to benefit from the opportunities in the country."
 
For his part, Rawah praised "internal stability and the return of normal life in Iraq," stressing  
"the NATO mission is keen to consolidate bilateral cooperation relations in the field of training, consulting and exchanging information, in a way that enhances the capabilities of the Iraqi armed forces with all its types."

He pointed to "the pivotal role of Iraq The important thing in achieving stability in the region."
 
Meanwhile, the Prime Minister stressed the importance of continuing communication to build cooperation relations with NATO.  A statement of his office, received by "Al -Sabah", stated that
 
"the Prime Minister received the Secretary -General of the NATO and his accompanying delegation, and during the meeting, the cooperation relations between Iraq and the alliance were discussed in the files related to capacity building and the support of the Iraqi armed forces in the areas of advice and training, as The meeting witnessed the discussion of developments in the region, the status of the armistice in Gaza and Lebanon, and the developments of the situation in Syria.

The Sudanese stressed, according to the statement, "the importance of continuing communication to build cooperation relations with NATO, within his consultative mission in Iraq, in light of the state of recovery, political stability and economic growth witnessed by the country, in a way that helps to practice Iraq for its pioneering role in the region," stressing
 
"preserving The balanced Iraqi position despite the challenges, as Iraq has maintained its higher interests, as well as supporting stability efforts in the region.  And Al -Sudani indicated that
 
"Iraq is looking at the interest of the NATO consulting mission in Iraq, and cooperation in the field of training, planning and exchanging experiences."
 
The Sudanese touched on the "ambitious war industries program supported by the government," stressing
 
"Iraq's desire to cooperate with NATO in the field of military industries, especially defense equipment, which contributes to enhancing security and deterring any possible aggression."
 
In turn, the Secretary-General of NATO expressed his appreciation for the Iraqi steps, and sent an official invitation to the Sudanese to attend the North Atlantic Assembly, which will be held soon in Brussels and delivered the speech of Iraq in it, and praised "the government's efforts in security developments and the state of stability and growth in the country,"
 
stressing "keenness NATO to strengthen the relationship with Iraq and enhance fruitful cooperation, especially in the field of military industries.     https://alsabaah.iq/109731-.html  

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

Seeds of Wisdom RV and Economic Updates Thursday Evening 2-6-25

Good Evening Dinar Recaps,

US SENATE PANEL APPROVES CRYPTO ADVOCATE, BILLIONAIRE HOWARD LUTNICK FOR COMMERCE SECRETARY

The Senate Commerce, Science, and Transportation Committee advanced the candidacy of Howard Lutnick, a crypto proponent and billionaire entrepreneur, to the position of Commerce secretary by a vote of 16–12.

America’s technological and financial scene undergoes a radical change and a wealthy man with strong ties to cryptocurrencies is leading important national initiatives valued in hundreds of billions of dollars.

Lutnick: Major Tech Programs Hang In The Balance

Lutnick’s appointment places him in charge of the $280 billion CHIPS and Science Act and the massive $42.5 billion BEAD program. These figures don’t only appear on paper; they reflect America’s determined efforts to transform its semiconductor sector and technical infrastructure. With global tech supremacy on the line, the stakes are higher than ever

Warren’s Crypto Concerns Spark Fierce Debate

The confirmation hasn’t been without its share of fireworks. Senator Elizabeth Warren has thrown down the gauntlet, demanding answers about Lutnick’s ties to Tether, the controversial stablecoin issuer.

Her January 28 letter pulled no punches, questioning everything from Cantor Fitzgerald’s investment in Tether to potential compliance issues. The plot thickened when it emerged that Lutnick’s financial disclosure form detailed assets worth over $806 million and involvement in 800 entities.

Washington is split by the confirmation as Ranking Member Maria Cantwell voted against Lutnick, citing inadequate dedication to current program goals. One thing is evident as this billionaire entrepreneur takes on his new position: the tech and crypto scene of America is set to change and might even completely alter the digital future of the country.

Cruz Champions Tech Policy

While Warren raises red flags, fellow Senator Ted Cruz is upbeat about what he sees as a victory for tech innovation. His vision? A complete reimagining of the BEAD program, moving away from its fiber-optic focus to embrace alternatives like satellite internet and fixed wireless. It’s a stark departure from previous policies, with Cruz dismissing the former Biden administration’s approach as riddled with “lawless conditions.”

Bitcoin Dreams And Stablecoin Schemes

Lutnick is open about his plans for cryptocurrency. At the 2024 Bitcoin Conference in Nashville, he confidently stated that cryptocurrency is “the future of financial independence.” He wants to require checks for stablecoins and might create a national Bitcoin reserve. This idea has made crypto fans excited but has worried traditional finance regulators.

The newly formed SEC Crypto Task Force, under Commissioner Hester Peirce, will work closely with Lutnick to navigate these uncharted waters.

@ Newshounds News™
Source:  Bitcoinist

~~~~~~~~~

CZECH REPUBLIC PASSES CRYPTO-FRIENDLY LAW, EXEMPTS BITCOIN FROM CAPITAL GAINS

The Czech Republic has passed legislation exempting Bitcoin and other digital assets from capital gains tax if held for more than three years.

President Petr Pavel signed the law, according to BTC Prague, aligning the country’s crypto taxation with traditional securities.

The tax exemption applies to individuals and non-business activities, eliminating previous tax disadvantages for long-term crypto investors. The amendment, set to take effect in mid-2025, brings the Czech Republic’s regulatory framework in line with the European Union’s Markets in Crypto-Assets rules.

The Chamber of Deputies approved the law in January as part of broader efforts to modernize the country’s financial regulations. Under the new rules, Bitcoin holders who sell their assets after three years will no longer owe income tax on profits, mirroring the tax treatment of long-term stock investments.

Czech Bitcoin reserve

The Czech National Bank is reviewing a proposal to add Bitcoin to its reserves, but the process may take months, and any exposure would be far lower than the initially suggested 5%, sources say.

Governor Ales Michl introduced the idea, but European Central Bank President Christine Lagarde dismissed the proposal, emphasizing the need for liquidity and security in reserves.

In response, the Czech National Bank commissioned a study to evaluate Bitcoin’s feasibility, with Michl stating he would accept its findings, even if they reject the plan.

@ Newshounds News™
Source:  CryptoNews

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

11 Things That Make Your Home an Easy Target for Burglars

11 Things That Make Your Home an Easy Target for Burglars

By Wyatt   May 24, 2024

You might think you are taking every precaution to protect your home and make it as burglar-proof as possible, but guess what? There are things about your home than transform it into a beacon for thieves. And it’s not only about the things that burglars steal, but the risk your family is put at, as a break-in can cause quite an emotional havoc.

With summer just around the corner and people leaving on all sorts of holidays, security experts recommend upping your game in terms of home security measures. That being said, here are 11 things about your home that turn it into an easy target for burglars and some tips on how to make sure intruders stay off your property.

These things attract burglars like flies!

A Dark Home

Many things happen under the cover of darkness. Illicit things in particular. Thieves rely on darkness to hide their illegalities so a dark home is just what they need for that.

To make sure intruders steer clear of your property, keep porch lights on and install motion-detector lights around your house. This will prevent them from trying to find a way in, like an open window. For extra safety, security experts also recommend timers on interior lamps to trick potential burglars into thinking someone is inside.

An Empty Driveway

A vacant home is an open invitation to thieves. But do you know what else spells “Open”? An empty driveway. When there are no cars parked on the driveway, it means there are no people inside the house. In other words, your house is open for grabs.

“In addition to security cues like alarm systems, burglars look for what’s referred to as ‘occupancy cues,’ giveaways that tell them whether you’re home,” warns security and intelligence professional K. Campbell, principal at Blue Glacier Security & Intelligence LLC. “If you go away for even a few days, such as for a long weekend, your home might lack occupancy cues.”

To avoid such situations, ask a family member, neighbor or friend to park their vehicles in your driveway when you’re away, especially if you’ll be missing for a longer period of time.

Unlocked Windows And Open Drapes

Once you’ve picked their interest, burglars will start trying to find ways to get inside your house. Firstly, they will check for the easiest ways in, namely unlocked windows. Therefore, make a habit of closing and locking all windows on the ground floor, whether because you’re going to bed or leaving your home. Second floor windows should also be checked, as they can also be reached by intruders.

Another thing you should do for extra protection is to close the drapes. This way, burglars will not be able to take a peak and discover any expensive objects you might have on display.

Overgrown Lawn And Landscape

A place that seems neglected may be an indication that its inhabitants are not spending that much time there. This means that burglars will have no problem finding the right time to sneak inside for a “free shopping” spree.

TO READ MORE:  https://thehometeam.tv/1088/yahoo/1117354/20006/target-for-burglars/9/

FRANK26….2-6-25 DON’T BE GREEDY

KTFA

Thursday Night Conference Call

FRANK26….2-6-25 DON’T BE GREEDY

This video is in Frank’s and his team’s opinion only

Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.  

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=xPiTW-O1-7E

More News, Rumors and Opinions Thursday PM 2-6-2025

KTFA:

Clare:  Central Bank: Stimulating hoarded money in homes is one of the most important challenges of the stage

2/6/2025

An official at the Central Bank of Iraq said that “stimulating the money hoarded in homes and transferring it to the banking sector is one of the most important challenges facing the current stage.”

The representative of the Central Bank of Iraq at the Baghdad International Fair, Athraa Taha Juma, stated that "the government is working to develop regulatory frameworks that support the transition to a digital economy, especially in the field of electronic payment.

" She explained that "the transition that Iraq is witnessing towards a digital economy is important."

Juma pointed out that "one of the most important challenges facing the current stage is gaining citizens' confidence in electronic payment products, which will contribute to stimulating the money hoarded in homes and transferring it to the banking sector, as this transformation is part of a larger strategy aimed at stimulating the national economy by investing money in a way that serves major projects in the country."  LINK

Clare:  Kurdistan Region launches January salaries via “My Account”

2/6/2025  Baghdad

Today, Thursday, the "My Account" platform announced the start of disbursing January salaries to Kurdistan Region employees via the digital system.

The team responsible for the "My Account" platform confirmed in a statement seen by "Al-Eqtisad News" that the salaries for the month of January will be distributed digitally today, in all governorates of the Kurdistan Region, as the salaries will be transferred to the bank accounts of the beneficiaries starting at eight o'clock in the morning.

The statement explained that the number of beneficiaries of the disbursement process through "My Account" reached 275 thousand employees, including 216,500 civil servants and 56,700 Peshmerga forces, and they will be able to withdraw their salaries through more than 550 ATMs distributed in more than 200 different locations throughout the region.

The platform added that the number of those registered in the "My Account" project has so far reached 720,000 employees out of a total of about one million employees receiving their salaries from the Kurdistan Regional Government, and 370,000 bank cards have been distributed to those benefiting from the service.

In this context, the Ministry of Finance and Economy in the Kurdistan Region announced the disbursement of January salaries, which were deposited into the bank accounts of beneficiaries of the “My Account” project. 

The statement added that technical staff are waiting for employees to help them withdraw their money.

This measure comes as part of the Kurdistan Regional Government’s plan to enhance digital transformation in salary disbursement operations, which contributes to reducing reliance on cash, increasing transparency, and facilitating withdrawal operations for beneficiaries, in light of a broader trend towards shifting to digital banking services.

The Kurdistan Regional Government launched the “Hisabi” project as part of its plan to develop the banking infrastructure in the region, with the aim of improving salary management and facilitating financial transactions for employees. The project aims to reduce congestion at traditional salary distribution centers and enhance the use of electronic banking services, as part of a broader trend towards digitizing government operations in the region.  LINK

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

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

Militia Man  Iraq's had restrictions on her currency and currency transfers.  She hasn't been on the Forex in an international capacity.  Why?  Because...it has to do with the IMF...obligations...compliance and it has to do with currency transfers across the world for trade...The central bank is talking like she's going international...That sounds like having the ability to move her money, which is the dinar, across borders and to do trade.  It looks like Iraq has the ability to fully access the IMF's compliance with Article VIII and Article IV of IMF's requirements...which promote free convertibility of member currencies...It looks to me Iraq has gone as far as she possibly can in making an announcement...

Frank26  [Iraq boots-on-the-ground report]   FIREFLY:  Banks are training on cross-border payments...Mr. Sammy wants you to know...the cross border payments are currency exchanges with Iraq and with other international countries...It's really a little deeper training that just saying cross-border payments.  FRANK:  IMO the training is being done with the new lower notes...To see this kind of training at the borders is fantastic! 

Trump Shocks Americans With New Announcement

George Gammon:  2-5-2025

https://www.youtube.com/watch?v=v91w_paTeCs

LIVE! No One Is Prepared For The Level Of Currency Purchasing Power Losses Moving Forward.

Greg Mannarino:  2-6-2025

https://www.youtube.com/watch?v=vbuE-fhE80o

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 2-6-25

Good Afternoon Dinar Recaps,

BRICS: TRUMP SPARES INDIA AFTER THEY OFFICIALLY EMBRACE THE US DOLLAR

US President Donald Trump has spared BRICS member India from tariffs as they officially embraced the US dollar for trade. Trump imposed 25% tariffs on Mexico and Canada and ignited a global trade war. He also imposed 10% tariffs on China and could go further if they advance the de-dollarization agenda.

However, BRICS member India has been spared from tariffs as they spoke positively about using the US dollar for cross-border transactions. India’s Foreign Minister S. Jaishankar repeatedly said in multiple interviews that they do not support the de-dollarization initiative. He explained that India will settle trade in local currencies with other countries only when it fits the trade agreement.

Jaishankar also praised Trump and said that India has a good relationship with the new White House administration. “We’ve always said that India has never been for de-dollarization,” he said at various press conferences.

He made it clear that India will work closely with the US and will use the dollar for payment settlements. The Minister also revealed that India is not working towards the formation of a new BRICS currency and will not support bringing the US dollar down.

BRICS: India Plays It Safe By Supporting the US Dollar

The Reserve Bank of India (RBI) Governor Shaktikanta Das also pitched in saying that India does not support de-dollarization. “Nobody is talking about or thinking about de-dollarization. There is no step we have taken to de-dollarize,” said Das to Bloomberg. “De-dollarization is certainly not our objective and is not on the table. BRICS currency was an idea raised by one of the members and was discussed but no decision has been taken.”

All these statements made Trump spare BRICS member India as they fully support the US dollar’s prospects. India also needs the US dollar as its economy depends on America’s progress through Information Technology and other sectors. The US has invested heavily in India as backend offices and meddling with businesses could prove costly for the Modi government.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

CFTC ACTING CHAIR SAYS THE AGENCY IS ENDING REGULATION BY ENFORCEMENT

The commission will divide its enforcement responsibilities into two task forces focused mainly on “complex fraud” and retail fraud.

Caroline Pham, acting chair of the US Commodity Futures Trading Commission (CFTC), announced that the agency would be winding down its practice of regulation by enforcement, likely impacting its approach to crypto firms during the Trump administration.

In a Feb. 4 notice, Pham said the CFTC was restructuring the priorities for its Division of Enforcement to focus on fraud, suggesting that the move “will stop regulation by enforcement” against “good citizens.” 

The commission will divide its responsibilities into two task forces focused mainly on retail fraud and violations of the Commodity Exchange Act and “complex fraud and manipulation.”

“This taskforce realignment will enhance our vigorous and energetic enforcement program by empowering our talented staff to focus their expertise on matters that secure justice for victims and uphold public confidence in the integrity of our markets,” said acting enforcement director Brian Young.

The shift in the commission’s approach to enforcement was one of Pham’s first actions since becoming the CFTC acting chair on Jan. 20 following former chair Rostin Behnam’s stepping down. At the time of publication, it was unclear whom US President Donald Trump intended to nominate to fill Behnam’s seat at the CFTC once he leaves on Feb. 7.

@ Newshounds News™
Source:  CoinTelegraph

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

This Trade War Might Be The Straw That Breaks The US Dollar’s Back.

This Trade War Might Be The Straw That Breaks The US Dollar’s Back.

Notes From the Field By James Hickman (Simon Black)  February 3, 2025

It was early spring in the year 1171 AD when Byzantine Emperor Manuel I Komnenos decided to go to war against his much smaller ally-- Venice. And the historical record shows that it was a really bad idea.

The Byzantine Empire was still a vast and powerful state by the late 12th century. But it was becoming obvious to anyone paying attention that they were in serious decline.

The Byzantine treasury was almost always empty. Imperial debt was piling up left and right. Byzantine borders were constantly being invaded by Muslim hordes. And the imperial coin-- the gold solidus-- was beginning to fall out of favor as the dominant currency for international trade.

Perhaps most importantly, there were a great deal of inexperienced or incompetent Emperors who stood by and did nothing while adversaries exploited imperial weakness.

One bright spot in Byzantine foreign relations was with the Republic of Venice; and over time the two cultivated a strong friendship, and enjoyed significant trade and military cooperation. When the Byzantine Empire went to war, for example, Venice would often provide naval and maritime logistics support.

Trade was so strong between the two, in fact, that thousands of Venetian merchants moved permanently to Constantinople.

But it all came to an end in March of 1171. The Emperor very suddenly changed his tune on Venice and started viewing them as rivals who were taking advantage.

To be fair, Venice was definitely a rising power at the time. But they were a pipsqueak compared to the size and strength of the Byzantine Empire… and the Venetians in no way wanted a conflict. They got one anyway.

That spring, Emperor Manuel imprisoned as many as 10,000 Venetians in Constantinople. He also confiscated their assets, properties, and businesses.

The ruler back in Venice (coincidentally known as “the Doge”) tried to negotiate a peaceful, diplomatic solution. But in the end, a war between the two broke out. And while direct military conflict was quite limited, the economic and trade warfare seriously wounded both powers.

In retrospect the long-term consequences were clear: the Byzantine Empire lost a supportive ally, essentially pushing Venice into the arms of Western European powers. The Empire also never quite recovered the lost trade and economic opportunity costs from the war.

That’s because all war-- whether a shooting war or trade war-- is expensive. There are very, very few instances in history in which a nation benefited from prolonged war. In fact, the last guy to consistently wage ‘profitable’ wars was Napoleon… and he understood the key was to end it as quickly as possible.

Maybe that’s the strategy in this new trade war today. Maybe the whole idea is to show people that you’re not afraid to make good on your threats… to show that you’re not bluffing… and that everyone should run to the negotiating table immediately.

Perhaps. But it’s been well-documented that a long-term trade war, i.e. tariffs on goods imported from Canada and Mexico, will be incredibly expensive. Canada sends energy to the US. Mexico sends food. If there are two things that US citizens don’t need to become more expensive, it’s food and fuel.

The rough calculations show that American households will pay a few thousand dollars per year more. Most people can’t afford that, nor are they particularly inclined to try.

The optimists say that America doesn’t need to import any of that stuff, and that “we can produce everything we need at home”.

OK, that’s sort of true. The US has the capability to produce almost everything if it really had to. But to borrow from the great philosopher Chris Rock, “You could drive with your feet if you really had to. But that don’t make it a good f***ng idea.”

Every country, every economy in the world has a finite amount of resources-- workers, raw materials, capital, land, etc. And in a free market, those finite resources are put to their best and highest use… because that’s what generates the most profit, i.e. the most wealth and prosperity.

No one puts resources to work making socks and underwear if they could put those same resources to work developing disruptive technology. And the US economy has that option-- producing goods and services of extremely high value (including technology).

This has been a key driver of wealth in America.

But suddenly having to divert limited resources to something less valuable consequently means… less wealth and prosperity. Bottom line, trying to produce everything at home requires misallocating economic resources into less profitable, less prosperous industries.

And the opportunity cost of doing that cannot be overstated.

There’s another, even bigger problem, though.

The US dollar is already in trouble. Plenty of countries have already started to line up against the dollar; and as we’ve discussed in the past, foreign central banks have started ditching the dollar to buy gold instead.

This is a big problem for the US government; the Treasury Department desperately needs foreigners to keep funding America’s massive budget deficits. And even if the budget deficits miraculously disappear, America still needs foreign nations to hold on to the US government bonds they already own.

Threatening (and then actually following through) with tariffs will only make foreign countries less inclined to own US dollars.

Secretary of State Marco Rubio even admitted this weekend that within five years, “there will be so many countries transacting in currencies other than the dollar that we won’t have the ability” to impose sanctions or tariffs.

Less demand from foreign governments and central banks to own US dollars ultimately means higher inflation and higher interest rates across the board-- including higher mortgage rates. So more expensive food. More expensive fuel. And more expensive housing.

Again, this trade war might be a ploy designed to force everyone to the negotiating table… and perhaps they expect it will be over in a matter of days or weeks. But that’s a risky assumption.

A century ago, the ‘experts’ back in 1914 assumed that World War I would be over in a few months, and that the troops would “be home before the leaves fall from the trees” (according to what Kaiser Wilhelm of Germany reportedly told his soldiers departing for the front line).

This, too, may be long and costly. But even if it's short, declaring war on your own ally could easily create lasting consequences for America by accelerating backlash against the dollar.

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

https://www.schiffsovereign.com/trends/this-trade-war-might-be-the-straw-that-breaks-the-us-dollars-back-152034/

Smart Money and BRICS are Rushing into Gold

Smart Money and BRICS are Rushing into Gold

Wealthion:   2-6-2025

The global financial system may be teetering on the edge of a significant shift. Skyrocketing global debt, struggling central banks, and a seemingly paradoxical rise in gold prices, even amidst a strong dollar and elevated bond yields, are raising serious questions about the future of our economic stability.

Recently, financial expert Jonathan Wellum joined Trey Reik of Bristol Gold Group to dissect these complex issues, offering insights into why gold is outperforming its traditional role and what potential pitfalls lie ahead. Their analysis paints a picture of a system under pressure, ripe with opportunities and fraught with risks.

Historically, a strong dollar would typically dampen gold’s appeal. However, the current environment is witnessing a decoupling. Wellum and Reik argue that gold is no longer simply reacting to currency fluctuations, but is behaving as a haven asset reflecting dwindling confidence in fiat currencies themselves.

This “powering over” of gold suggests a growing distrust in the ability of governments to manage their fiscal responsibilities, leading investors to seek the perceived safety and stability of precious metals.

The United States’ national debt, currently exceeding $36 trillion, looms large over the global economy. This unsustainable level of debt is arguably distorting market dynamics and creating systemic risks. Wellum and Reik highlight how this debt burden necessitates continuous borrowing, leading to a cycle of increasing interest payments and further compounding the problem. This unsustainable trajectory is forcing investors to re-evaluate their strategies and consider alternative assets.

As concerns about the stability of the global financial system grow, sophisticated investors are increasingly turning to gold as a hedge against uncertainty. This shift in investment strategies signals a growing recognition that traditional asset classes may be vulnerable in the face of mounting debt and economic instability. The demand for gold as a safe haven is likely to intensify as these anxieties persist.

The conversation also addressed the potential for increased market volatility. With rising interest rates, persistent inflationary pressures, and the looming debt crisis, the stock market faces significant headwinds. Wellum and Reik suggested investors should prepare for a period of heightened uncertainty and potentially adjust their portfolios to mitigate downside risk. They emphasize the importance of understanding the interconnectedness of these factors and their potential impact on asset valuations.

Central bank credibility is also under scrutiny. The Federal Reserve’s handling of inflation and interest rate policy has faced criticism, leading to a decline in public trust. This erosion of trust in monetary policy further fuels the demand for alternative assets like gold, seen as a store of value independent of government control. The future role and effectiveness of central banks in managing economic stability are now being questioned.

The discussion also explored different ways to gain exposure to gold. While owning physical gold bullion offers direct protection against currency devaluation and systemic risk, investing in gold mining companies provides leverage to rising gold prices. Wellum and Reik debated the merits of each approach, highlighting the potential for higher returns in gold miners but also acknowledging the increased risk associated with individual company performance and operational challenges.

Finally, the impact of geopolitical tensions, particularly the potential for renewed trade wars under a Ttump administration, was discussed. The imposition of tariffs and other protectionist measures can disrupt global supply chains, increase inflation, and further destabilize the economic landscape, driving investors towards safe haven assets like gold.

These geopolitical uncertainties underscore the importance of diversifying portfolios and considering assets with inherent value independent of political maneuvering.

The analysis presented by Wellum and Reik paints a concerning, yet crucial, picture of the current financial system. They suggest that the confluence of factors – unsustainable debt levels, central bank challenges, and geopolitical instability – is creating an environment ripe for market volatility and potentially significant economic disruption.

While the future remains uncertain, the enduring appeal of gold as a safe haven asset serves as a potent signal, urging investors to carefully reassess their strategies and prepare for the potential for a significant shift in the global financial landscape.

https://youtu.be/acq20Cdzvgg