Chats and Rumors, Gold and Silver Dinar Recaps 20 Chats and Rumors, Gold and Silver Dinar Recaps 20

“Bits and Pieces” in Dinarland Tuesday Afternoon 2-18-2025

Ariel : A Fort Knox Audit Could Set a Precedent

2-18-2025

Everyone probably too scared not to outright file their taxes. But since DOGE came along they are testing the extension feature for the 1st time just to see if the IRS survives the audit.

So the Deep  State is trying to ship gold from London to the US more than likely to Fort Knox before DOGE has a chance to audit it. I guess they do not want them to discover the reported vs actual gold reserves.

Which of course if the general public found out by discovering a shortfall in gold reserves could lead to volatility in financial markets, affecting currency values and investor confidence. This plays well into a potential crash.

Ariel : A Fort Knox Audit Could Set a Precedent

2-18-2025

Everyone probably too scared not to outright file their taxes. But since DOGE came along they are testing the extension feature for the 1st time just to see if the IRS survives the audit.

So the Deep  State is trying to ship gold from London to the US more than likely to Fort Knox before DOGE has a chance to audit it. I guess they do not want them to discover the reported vs actual gold reserves.

Which of course if the general public found out by discovering a shortfall in gold reserves could lead to volatility in financial markets, affecting currency values and investor confidence. This plays well into a potential crash.

Because revelations from an audit could prompt scrutiny of past and present monetary policies, especially those related to the gold standard and fiat currency. And D. Trump always said the artificial value if the USD was to high. So how do you bring it down?

Well it looks like Elon Musk is getting around to that. A Fort Knox audit could set a precedent, leading to calls for audits of other government assets and operations, potentially exposing mismanagement or malfeasance. Which sets the ground for Crypto.

Why? If gold reserves are found lacking, it will bolster the credibility and adoption of alternative assets like cryptocurrencies, which offer transparency through blockchain technology that everything will be scrutinized with.

A significant discrepancy in gold reserves could alter international perceptions of the U.S. economy, affecting geopolitical alliances and economic negotiations. Which will bring more attention to the fair trade policy D. Trump has been pushing.

There will be legal and political consequences from an audit leading to investigations, legal actions, and political upheaval, challenging the positions of those implicated in any potential cover-up. Which will be many.

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

Babysmom  NORMAL SCHEDULE FOR THE GAZETTE IS SATURDAYS AND WEDNESDAYS, IT WAS PUBLISHED IN A SPECIAL EDITION...  THEY PUBLISHED AMENDMENTS THAT WERE APPROVED...IT MEANS THAT THEY AGREED UPON RATES FOR KURDISTAN AND OIL. NOW WE ARE JUST LOOKING FOR A RATE CHANGE.

Guru Militia Man The president of the republic [of Iraq] has signed the amendment to the budget law...It's waiting for the exposure of the exchange rate that's going to be in the GazetteDoes Alaq have a conversation with everybody before that or it it all around the same time?  It's to be determined.  Obviously they haven't moved oil at 1310.  They haven't paid all the salaries at 1310.  They haven't exposed the budget.  Obviously they're doing something trying to keep it contained till down to the wire.

Fort Knox, Where Is The Gold? "This is ENORMOUS" - Mike Maloney

2-18-2025

Is there a secret gold-buying spree unfolding right under our noses? In this eye-opening video, Mike Maloney examines record-breaking gold inflows and the swirl of theories around Fort Knox, the Treasury, and the Federal Reserve.

Could the U.S. government be quietly accumulating gold to cover up potential shortfalls—or even to prepare for a seismic revaluation that could shake the global monetary system?

Dive into the controversial history of Fort Knox audits (or lack thereof), find out why silver demand is also skyrocketing, and see how market manipulation might be holding precious metals down.

This is one discussion you can’t afford to miss if you’re watching the future of money.

Highlights in This Video:

Shocking weekly inflows of gold (in both ounces and dollar value)

Speculation around Treasury or Federal Reserve gold-buying

Why Fort Knox audits are stirring so much controversy

The difference between book value ($42 per ounce) and real market value

The ripple effect on silver demand—and how it might affect prices

 Join us to get the full breakdown and see what might be lurking behind the curtain of America’s gold reserves.

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

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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20

“Coffee With MarkZ” Tuesday Morning Chat 2-18-2025

Thank you MarkZ for all your time, and encouragement daily….. PDK

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 MarkZ, MODS and Fellow RV Patriots!

Member: MARK Z. Something was posted in the gazette yesterday. I think we're moving in the right direction

Member: yes Samson on MM said good info on the gazette

Thank you MarkZ for all your time, and encouragement daily….. PDK

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 MarkZ, MODS and Fellow RV Patriots!

Member: MARK Z. Something was posted in the gazette yesterday. I think we're moving in the right direction

Member: yes Samson on MM said good info on the gazette

Member: Nadar put out a short video with all the clauses & amendments. Sounded Positive.

Member: Whoo hoo gazette publishing is  big news!!!

MZ: the only fun news I saw in the Gazette was the $16 dollar per barrel going to Kurdistan. And the budget tables are moving forward.

Member: TNT post an article that the budget is done and in the Gazette today.

MZ: The bond side is still quiet…News was loud on Saturday and quiet on Monday. Its pretty odd.

Member: If they are under NDA’s – they are bound to stay quiet.

MZ: I know some group people are working but they won’t tell me what they are doing….just that they have their “nose to the grindstone” . I think that is positive.

MZ: I actually have some bond facilitators that have actual physical money…this is something we have never seen…...this makes me excited. We have seen a tremendous amount of progress.

MZ: Someone sent me an old “Q” drop…which is interesting. Grab your tinfoil hats…..the drop said “Gold will destroy them” Talking of the destruction of the deep state. Do you think perhaps it’s the knowledge we may soon have about Ft. Knox and it is empty? And Therefore the Fed Reserve and the “Corporation” is bankrupt? What do you all think is the chances of that?

MZ: I am still on the fence about all of this…..but there have been some eerie accuracies that make you at least consider it to be real. Or maybe it’s like “The Simpson’s” and they are damn lucky?

MZ: “Gold will destroy them all” I always thought that phrase meant because it would destroy the cental banks because people would prefer gold backed currency to fiat. But if people find out the Central banks have been lying to us and holding nothing…while telling us this gold we have backs our nation and our currency …well there will be a lot of very upset people.

MZ: Then what happens if they go to London and audit that bank. Then the biggest banks in the West….and find out there isn’t anything there or amounts are not remotely accurate…maybe its all gold painted lead bars or something…..What do you think will happen?  They may be onto something “Gold will destroy them all”

Member: Is it a coincidence that Kentucky is flooded and Fort Knox is in Kentucky and Elon wants to audit it

Member: Anyone wondering if the audit of Fort Knox will crash the US Dollar?

Member: I still think that once they do the audit of the gold in Fort Knocks things are  going to take off!!!

Member: I have had family, connected with Ft Knox for several decades. the rumors were that the gold was gone back in the seventies.

Member: loads of gold coming from Europe, probably to restock fort Knox before the audit

Member: If Fort Knox was short let alone empty. It would Force the RV.  Imo

Member: Elon posted a question "Do you think we should have news camera's on when we go into the vaults of Fort Knox?" I say yes.

Member: Re Ft Knox gold vaults - hope this doesn’t turn out like Geraldo Rivera’s quest to open Al Capone’s vault (pretty much empty)

Member: I know a man that guards the gold at Ft. Knox. A couple months ago I ask him if the gold was still there. He told me the gold is stacked from the floor to the ceiling. Maybe only one row?

Member: There have been rumors for years about 650 plane fuls of gold removed from the Vatican to the US…..and of gold stored in the Grand Canyon

MZ: Yes we have all heard those rumors….we really need to see it for ourselves. The people will not have faith in a new economy and new monetary system until we see it. Imo  

Member: Do you think the other Tiers before us are nearly completed…. in your opinion?

MZ: A good one from Iraq. “Parliamentary praise for the strategy to support national industry”  this one talks about everything Sudani is doing. He is convinced they one one shot to fix things and give a new value to the currency of the people in Iraq. They are creating a “juggernaut” of a good economy in Iraq.

MZ: “Plan to increase oil production to 7 million barrels a day”  I love this one.  Oil right now is about $75 bucks a barrel for Brent crude. They are making about $191 billion 625 million per year in oil revenues.  And we are not even talking about gas, tourism and manufacturing . Iraq is going to have one of the highest GDPs (Gross Domestic products) of any country on the planet…..Iraq has a lot to be excited about.

Member: wish they were excited about getting the new rate on the dinar. .

Member: Currency's cryptos, and Metals all seem to be aligning at the same time!

Member: Hey Mark, do you think this will be wrapped up by the end of February? My concern things will slow down as March is Ramadan time.

Member: Nader doesn’t think it will revalue during Ramadan

MZ: I don’t know….there is a history of revaluations during Ramadan ….So history says it is possible to revalue during Ramadan.

Member: When is Ramadan?

Member: I believe it starts at sundown on Feb 28 and goes for a full month.

Member: No disrespect to Ramadan, I just want this to be ramaDone.

Member: Ariel says…may be 60 days yet as Iraq’s pipelines aren’t completed yet and their oil cannot flow until they’re completed

Member: The plethora of private jets in RENO is sweet music to our ears…That has to be positive news.

Member: did you see an announcement from the Phillipines –No more fiat and the revaluation of global currencies? They were so Happy.I sent video to your Email

MZ: I have not seen that. I will look for it.

Member: yes the Phillipines show their new currency in the internet… the new Philippines currency has been slowly coming out 1000 bill last year polymer now they will change the other notes but no fiat change

Member: Texas Senate is holding a hearing on Strategic Bitcoin Reserve.

Member: IMO the banks shut down for 24 hours not because it was Presidents’ Day that was a cover up. Because Iraq does not celebrate Presidents’ Day and chase in Iraq was closed as well. Maybe it was the switch to Blockchain?

Member: Do you think some exchanges will be done on Military installations?

MZ: Absolutely. That makes sense. Many military personnel own foreign currency.

Member: I am not getting in the roller coaster again so I am waiting for my appointment to be excited…

Member: Let us be grateful to people who make us happy, they are the charming gardeners who make our souls blossom

Member: See you all tonight at 7:00 p.m. for another one of Mark's great podcasts. Have a blessed day!!

Member: Enjoy your day everyone

StacieZ joins the stream. Please listen to the replay for her information

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=VqdPXYKiobM

 

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

News, Rumors and Opinions Tuesday 2-18-2025

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

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 18 Feb. 2025

Compiled Tues. 18 Feb. 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Mon. 10 Feb.: Liquidity was (allegedly) released to the 12 platforms that then (allegedly) funded the 38 platforms beneath them (Tiers 1 and 2). …JR Truth

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

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 18 Feb. 2025

Compiled Tues. 18 Feb. 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Mon. 10 Feb.: Liquidity was (allegedly) released to the 12 platforms that then (allegedly) funded the 38 platforms beneath them (Tiers 1 and 2). …JR Truth

Tues. 11 Feb. 2024: A military Intel contact(allegedly)  said they released everything for the Global Currency Reset at 3pm PDT on Tues. 11 Feb. 2025 to start the shotgun release of liquidity & notifications …Carolyn Bessette Kennedy on Telegram

Wed. 12 Feb. Funding (allegedly) released to Bond Holder accounts. Banks could no longer see or have access to individual bank accounts. Some private groups were (allegedly) paid out on Wed. 12 Feb, while others will be(allegedly)  paid on Thurs. 13 Feb. …Bruce

On Thurs. 13 Feb. Nesara funds(allegedly)  started going out. Redemption Center leaders went into work at 10am on Thurs. 13 Feb.…Bruce

Fri. 14 Feb. 2025: Tier 1 and Tier 2 have been(allegedly)  paid, I was just told.  …Mike Berra

Fri. 14 Feb. 2025: I’ve been told my platform (that has currency and bond holders in it) started today Fri. 14 Feb. and will start payments on Tues. 18 Feb. I expect currency notifications around same time. …JR Truth

On Sun. 16 Feb. the Iraqi budget with the new Iraqi Dinar Rate was ratified and expected to be published in the Gazette soon. (Was published Mon. 2-17-2025)

This was the Global Currency Reset of 209 nations to gold/asset-backed currencies. Trump had already (allegedly) collected 650 plane loads of gold from the Vatican that was owed to the American People and right now Britain was sending billions worth of gold to the US. (2) X22 Report on X: “Who can guess why Britain is sending billions worth of gold to America? https://t.co/RqKA96ufXz” / X

~~~~~~~~~~

What We Think We Know as of Tues. 18 Feb. 2025:

DOGE just exposed that, until now, the Treasury Department had no traceability for nearly $4.7 trillion in U.S. taxpayer funds. Elon Musk says that a government database shows that five million people over 140 years old still receive Social Security benefits. People thought USAID was bad. Wait, they see what’s been happening at the IRS.

Stephen Miller just confirmed that foreign fraud rings have been using  social security numbers & identities to steal billions of taxpayer benefits through the IRS and Social Security. Miller confirmed DOGE is about to get the records. “Over a 10-year normal budget window, you could be talking about saving over a trillion dollars by clamping down on massive fraud in our tax and entitlement systems, including again those carried out by organized fraud and theft rings.”

~~~~~~~~~~

Possible Timing:

“On Sun. 16 Feb. the Iraqi budget was ratified and was expected to be published in the Gazette on Mon. 17 Feb, along with Kurdistan resuming oil exports. …Ariel on X

On Thurs. 30 Jan. 2025 the privately owned Fed and IRS officially dropped dead – when the US Treasury withdrew from the Cabal’s Bankrupt Central Banks across the World. President Trump has said he will replace the IRS with the ERS (External Revenue Service) where taxation on goods will replace taxation on The People and their income.

Since Friday 3 Feb. 2023 all Basel 4 Compliant banks have (allegedly) gone public with the new Gold / Commodity-backed currency International Rates as required by the GESARA Law. This is the Re-evaluation of all the global currencies (meaning the global currency reset).

Tues. 11 Feb. 2025 Official Notification: Leaders in the Global Currency Reset (allegedly) received signal payments authorized by the Quantum Network

This week the Quantum Financial System was said to be fully operational for completion of that Global Currency Reset.

The use of the FIAT US Dollar will be (allegedly) used for up to 90 days Feb. / March / April parallel with the new United States Note (USN), they may cut it off of by April 30th or soon thereafter. …Bruce

~~~~~~~~~~~

Mon. 17 Feb. 2025: State of the Republic For These United States of America …Capt.Kyle on Telegram

Trump’s Promise: 25+ states ready for gold standard. Banks are collapsing due to Basel 3 non-compliance. The Dodd-Frank Act allows banks to seize your money – be warned!

What’s Next?

■ Stock Market Crash
■ Gold Standard Return
■ Iraq IQD Exchange Rate Surge

Read full post here:  https://dinarchronicles.com/2025/02/18/restored-republic-via-a-gcr-update-as-of-february-18-2025/

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

Frank26  Yeah we have a bunch of dinars in the federal reserves.  Let's pretend that we have one zillion.  But when Sudani pulls the trigger, what are you going to do?  You're going to run to the American banks and you're going to give them three zeros notes.  Is the American bank going to send the three zero notes back to the CBI?  No.  Those are 'dinar mattresses'.  So where are these three zero notes going to The Federal Reserve where we already have one zillion dinars.  Now we're going to have two zillion dinars...

yada   Comment: Today is supposed to be the day the extraction cost of oil was raised for Kurdistan oil. That is real close to sounding like HCL stuff.  yada:  Exactly...the rate had to come first to give the oil transfer value.  Flowing oil means the rate was done.  Now our turn.

********

BREAKING NEWS US Treasury -Trump Shuts Off 5 Iraqi Banks +IQD Rate Pattern

Edu Matrix:  2-17-2025

BREAKING NEWS US Treasury Trump Shuts Off 5 Iraqi Banks +IQD Rate Pattern - Iraq's central bank is taking bold measures to combat money laundering and dollar smuggling by prohibiting five local banks from conducting U.S. dollar transactions.

This decision, influenced by recent high-level meetings with U.S. Treasury officials, follows last year's ban on eight banks and reflects Iraq's ongoing efforts to reform its financial system.

With over $100 billion in U.S. reserves at stake, the economic landscape is precarious, especially with the potential return of former President Trump's "maximum pressure" policy on Iran. Discover how these developments affect Iraq's economy and international dealings in our latest video!

https://www.youtube.com/watch?v=NcQbyqHFq7Q

Iraq's Dual Currency Exchange System

Edu Matrix:  2-18-2025

Iraq's Dual Currency Exchange System #iqd Exchange Rate - In this video, we dive into Iraq's Dual Currency Exchange System and explore the necessary changes for the Iraqi dinar (IQD) to gain value. Discover how the Central Bank of Iraq (CBI) manages the official fixed exchange rate against the U.S.

 dollar, and the implications of the parallel market rate. We examine recent CBI actions aimed at unifying these rates and discuss the potential outcomes for Iraq's economy.

Whether you're interested in global commerce, currency fluctuations, or economic stability, this video provides essential insights. Join us on the EduMatrix Channel as we unpack the complexities of currency exchange and its impact on Iraq's future.

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

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

Gold Telegraph: The Best Part of the Last 48 Hours

Gold Telegraph: The Best Part of the Last 48 Hours

2-18-2025

Gold is nearing $2900 to start the week in US dollar terms.

Copper exploding higher. +2%

Elon Musk says it would be cool to do a live video walkthrough of Fort Knox reviewing gold reserves… This would be massive.

Elon Musk confirms that Americans want to know whether the gold is still at Fort Knox. Seems like an audit is coming…

Gold Telegraph: The Best Part of the Last 48 Hours

2-18-2025

Gold is nearing $2900 to start the week in US dollar terms.

Copper exploding higher. +2%

Elon Musk says it would be cool to do a live video walkthrough of Fort Knox reviewing gold reserves… This would be massive.

Elon Musk confirms that Americans want to know whether the gold is still at Fort Knox. Seems like an audit is coming…

After years of Western central bankers dismissing gold, the world is now demanding an audit of Fort Knox to verify if it’s actually there. Are you not entertained?

I asked Ron Paul whether he believes the Trump Administration could remonetize gold and about @judyshel’s gold-backed bond. He emphasized that gold should be RETURNED to the people and revisited his iconic exchange with former Federal Reserve Chair Ben Bernanke on whether gold is money. He says the current system is over, and price inflation will continue to go up.

Dr. Paul highlighted that one of the most magnificent developments is that some states are passing legislation recognizing gold and silver as legal tender, in line with the Constitution.

https://twitter.com/i/status/1891650999820882286

Dr. Ron Paul spent a lot of time highlighting the importance of gold in the global system.

Watch the full episode, here:

GOLD TELEGRAPH CONVERSATION #5: DR. RON PAUL "I think the country would thrive tremendously if we see it in moral terms and don’t have some Federal Reserve being the chief counterfeiter. It’s fraud."

@RonPaul

Three-time U.S. presidential candidate Dr. Ron Paul joins me for a powerful discussion on the Federal Reserve, fiat money, government waste, and key moments from his career.

A former U.S. Congressman and physician, Paul has been a relentless advocate for limited government, free markets, and sound money. Serving Texas for decades, he became one of the loudest critics of the Federal Reserve, pushing for monetary reform, a gold standard, and fiscal responsibility. In our conversation, Dr. Paul reflects on the growing awareness of monetary policy and government corruption—a fight he’s led for years. We begin with @elonmusk call for him to investigate the Federal Reserve, a move Dr. Paul doubts will happen but sees as a sign that the debate is shifting. He emphasizes that the real battle is ideological, as the current monetary system is crumbling under debt, inflation, and authoritarianism.

Dr. Paul revisits his push to audit the Fed and America’s gold reserves, recalling repeated efforts to block transparency.

While he believes the gold is still there, questions remain over ownership and manipulation. He also highlights the Fed’s secrecy in international finance, warning that the system thrives on deception and interventionism. We explore many more themes in this fascinating discussion. Thank you, Dr. Paul, for joining me. I hope you all enjoy.

https://x.com/i/status/1889741052665270319

Things are getting real.

Elon Musk:  This gold is the property of the American people. I sure hope it’s still there!

Suddenly, The entire world realizes a monetary reset is no longer a conspiracy. It’s in motion. To top it all off: Gold will be at the centre of it all.

I follow zero script. I just have spent my career trying to write the golden story. Coming at us fast now.

“He who has the gold makes the rules.”

Bingo.

There is still a weeks-long queue to withdraw gold from the Bank of England vaults. If they did not know by now… Countries now fully know how difficult it has become to bring their gold home. This explains why many have rushed to do so over the years.

Who has brought some gold home in recent years?

• India
• Germany
• Netherlands
• Turkey
• Austria

The list goes on. Who is next?

BREAKING NEWS: GERMANY’S LIKELY NEXT CHANCELLOR IS WARNING THAT EUROPE IS ON THE BRINK OF ANOTHER FINANCIAL CRISIS

Oh?

“It will be a sovereign debt crisis. We don’t know when it will come. We don’t know from where it will come from, but it will come…”

Source: https://www.politico.eu/article/europe-friedrich-merz-germany-eu-debt-dinances-france-italy/

The best part of the last 48 hours? It’s only a matter of time before Federal Reserve Chairman Jerome Powell is forced to address growing public concern over whether the U.S. still owns all the gold at Fort Knox. Peak financial comedy is on the way.

Source(s):  https://x.com/GoldTelegraph_/status/1891324810405310716

https://dinarchronicles.com/2025/02/18/gold-telegraph-the-best-part-of-the-last-48-hours/

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News Dinar Recaps News Dinar Recaps

Seeds of Wisdom RV and Economic Updates Tuesday Morning 2-18-25

Good morning Dinar Recaps,

FEDERAL RESERVE CHAIR BACKS BITCOIN AS ‘DIGITAL GOLD’—A TURNING POINT FOR CRYPTO?


Despite the challenging macroeconomic environment, Federal Reserve chairman Jerome Powell has revised his stance on Bitcoin, which has given investors cautious hope for cryptocurrencies.

Comparing Bitcoin to gold during an appearance at the New York Times DealBook Summit, Powell characterized the flagship crypto as a “speculative asset” rather than a direct competitor to the US dollar.

This is a significant departure from his previous dismissive stance toward the world’s largest cryptocurrency, which has a market capitalization of approximately $1.4 trillion.

Powell’s Changing Viewpoint On Bitcoin

Binance founder Changpeng Zhao (CZ) promptly emphasized this development as “an improvement to the previous narrative,” indicating that industry leaders were aware of Powell’s rhetorical shift.


@ Newshounds News™

Good morning Dinar Recaps,

FEDERAL RESERVE CHAIR BACKS BITCOIN AS ‘DIGITAL GOLD’—A TURNING POINT FOR CRYPTO?


Despite the challenging macroeconomic environment, Federal Reserve chairman Jerome Powell has revised his stance on Bitcoin, which has given investors cautious hope for cryptocurrencies.

Comparing Bitcoin to gold during an appearance at the New York Times DealBook Summit, Powell characterized the flagship crypto as a “speculative asset” rather than a direct competitor to the US dollar.

This is a significant departure from his previous dismissive stance toward the world’s largest cryptocurrency, which has a market capitalization of approximately $1.4 trillion.

Powell’s Changing Viewpoint On Bitcoin

Binance founder Changpeng Zhao (CZ) promptly emphasized this development as “an improvement to the previous narrative,” indicating that industry leaders were aware of Powell’s rhetorical shift.


@ Newshounds News™


Source: 
Boiitcoinist

Powell Interview, Audio:  X . Com

~~~~~~~~~

TEXAS SENATE’S BITCOIN RESERVE HEARING FEBRUARY 18: A GAME CHANGER OR SYMBOLIC MOVE?

The Texas Senate is all set to hold a public hearing, Tuesday, to discuss creating a Bitcoin reserve. However, market analysts believe that the move may be symbolic unless the state announces a clear investment plan.

The first public hearing for the establishment of a potential strategic Bitcoin reserve in Texas is scheduled for Feb. 18, less than a week after the bill was received by the Secretary of the Senate, as per the Texas government’s website.

“A Symbolic Move”

Despite being a positive step for Bitcoin adoption, the hearing may only represent a ‘symbolic move’ for cryptocurrency markets, according to Iliya Kalchev, dispatch analyst at Nexo.

“Texas considering Bitcoin as a reserve asset is another chess move in BTC’s march toward institutional legitimacy, but state-level initiatives often make ripples, not waves, compared to ETF inflows or corporate treasury allocations,” Kalchev noted.

Kalchev pointed out that unless Texas announces specific actions, like buying Bitcoin soon or a major policy shift, the market won’t react strongly. This is because Texas is already known for its pro-crypto stance, and hence the news itself won’t be surprising.

Lately, Bitcoin has lacked upside momentum, trading under the $100,000 for over nine days since Feb. 7. COO of Bitget, believes that Bitcoin will continue to face pressure in the short term due to the ongoing trade tensions between the US and China.

Upcoming Events Could Reignite Interest

Nevertheless, Key events this week like the upcoming FOMC minutes could reignite the markets. The Federal Reserve will release the minutes from its January meeting on Wednesday, where it decided to keep interest rates steady. Besides, Trump’s tariffs are also adding inflationary pressure.

While the positive developments surrounding Bitcoin reserve legislation signal growing institutional adoption,
Kalchev noted that macro forces like fed policy and regulatory shifts will ultimately shape Bitcoin’s trajectory.

Texas’ push for a Bitcoin reserve marks a significant shift in both economic and political landscapes, with other states following suit. Kentucky, for example, has become the 16th state to propose legislation that would allocate up to 10% of excess state reserves into digital assets. These moves highlight the growing trend toward crypto adoption across the U.S.


@ Newshounds News™


Source: 
Coinpedia

~~~~~~~~~

FED GOVERNOR CALLS FOR REGULATORY FRAMEWORK ALLOWING BANKS AND INSTITUTIONS TO ISSUE STABLECOINS

A member of The Board of Governors of the U.S. Federal Reserve is calling for laws that would allow banks and institutions to issue dollar-pegged digital assets.

In a speech given by Christopher J. Waller at a recent conference in San Francisco, the Fed governor argues for a regulatory framework that would allow blue-chip financial institutions to issue regulated stablecoins.

According to Waller, stablecoins could be extremely beneficial to the financial system because they have numerous use cases such as broadening access to US dollars, easy cross-border payments and retail payments.

“The first theme I will explore is one that I have discussed in the past – the safety and soundness of stablecoins and the need for a clear regulatory regime for stablecoins in the United States…

This framework should allow both non-banks and banks to issue regulated stablecoins and should consider the effects of regulation on the payments landscape, including competing payment instruments.”

However, Waller says there are potential risks associated with stablecoins, including the possibility that they could become de-pegged from the fiat currency they are linked to.

“Stablecoins are forms of private money and, like any form of private money, are subject to run risk, and we have seen ‘de-pegs’ of some stablecoins in recent years. Additionally, all payment systems face the risk of failure, and stablecoins are subject to clearing, settlement, and other payment system risks as well.”

Earlier this month, Republican Senator Bill Hagerty of Tennessee proposed the GENIUS Act, a bill to regulate and define stablecoins as well as establish licensing and reserve requirements for issuer.

@ Newshounds News™


Source: 
DailyHodl

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“Tidbits From TNT” Budget Published in Gazette 2-18-2025

TNT:

Tishwash:  Issue No. (4814) of the Iraqi Gazette was published on 2/17/2025.

 2025-02-18 10:28:00

 - Law No. (1) of 2025 “Amending Personal Status Law No. (188) of 1959.”

- Law No. (2) of 2025 “Second Amendment to General Amnesty Law No. (27) of 2016”.

- Law No. (3) of 2025 “Cancelling the decisions of the (dissolved) Revolutionary Command Council and returning the properties to their owners.”

- Law No. (4) of 2025 “First Amendment to the Federal General Budget Law of the Republic of Iraq for the Fiscal Years (2023-2024-2025) No. (13) of 2023.”

TNT:

Tishwash:  Issue No. (4814) of the Iraqi Gazette was published on 2/17/2025.

 2025-02-18 10:28:00

 - Law No. (1) of 2025 “Amending Personal Status Law No. (188) of 1959.”

- Law No. (2) of 2025 “Second Amendment to General Amnesty Law No. (27) of 2016”.

- Law No. (3) of 2025 “Cancelling the decisions of the (dissolved) Revolutionary Command Council and returning the properties to their owners.”

- Law No. (4) of 2025 “First Amendment to the Federal General Budget Law of the Republic of Iraq for the Fiscal Years (2023-2024-2025) No. (13) of 2023.”

- Regulation No. (3) of 2025 “The first amendment to the Civil Airports Wages System No. (6) of 2018 issued by Cabinet Resolution No. (67) of 2025.”

- Instructions No. (1) of 2025 “Implementing the Second Amendment Law to Amnesty Law No. (27) of 2016, effective from the date of voting on it in the Iraqi Council of Representatives on 1/21/2025.”

To download the issue click here

Anyone wishing to purchase issues of the Iraqi Gazette can visit the Iraqi Gazette Department located in Al-Salihiya/Haifa Street (Ministry of Justice building) and obtain the required issue

Resolution No. (1)

Based on what was approved by the House of Representatives based on the provisions of Clause (First) of Article 21

Article 73, paragraph (Third) of the Constitution

The President of the Republic decided on 2/11/2025

Issuing the following law:

No. (1) of 2025  law

First Amendment to the Federal General Budget Law of the Republic of Iraq

For the fiscal years (
2023-2025-2025) No. (13) of 2023

Article 10 - The text of Paragraph (c) of Clause (Second) of Article 12 of the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023) 2024-2025 No. 13 shall be cancelled.

Year 2023 and shall be replaced by the following:

A1: The Federal Ministry of Finance shall compensate the Kurdistan Regional Government from the sovereign expenses for the costs of production and transportation of the quantities of oil produced in the region that are received by the State Oil Marketing Company (SOMO) or the Federal Ministry of Oil in accordance with paragraphs (b) of this clause, provided that the calculation is made C

10. The Federal Ministry of Finance shall compensate the Kurdistan Regional Government from sovereign expenses for the costs of production and transportation of the quantities of oil produced in the region that are received by the State Oil Marketing Company (SOMO) or the Federal Ministry of Oil in accordance with paragraphs (a) and (b) of this clause, provided that the fair estimated costs of production and transportation for each field separately are calculated by a specialized international technical consulting body determined by the Federal Ministry of Oil in agreement with the Ministry of Natural Resources in the region, within a period of (60) sixty days from the date of entry into force of this law, and in the event of failure to reach an agreement within the aforementioned period, the Federal Council of Ministers shall determine the aforementioned consulting body.

The technical advisory body referred to in (1) of this paragraph shall submit the estimated cost of production and transportation to the Federal Ministries of Finance and Oil.

2/17/2025

(65)  laws

Iraqi Facts - Issue 4814   190

The Kurdistan Regional Government, and it is approved for the purposes of this law, and the compensation stipulated in (1) of this paragraph shall be calculated based on the aforementioned cost per barrel multiplied by the number of barrels received in accordance with paragraphs (a, b) of this item, and the Federal Ministry of Finance shall undertake to pay the amounts to the Kurdistan Regional Government.

Immediately commence the delivery of oil produced in the region to the State Oil Marketing Organization (SOMO) or the Federal Ministry of Oil in accordance with paragraphs (a, b) of this clause, and the costs of production and transportation shall be compensated by the Federal Ministry of Finance as advances at a rate of $16 per barrel, to be settled later after the specialized technical advisory body referred to in paragraph (1) of this paragraph completes its work and retroactively from the date of commencement of delivery pursuant to this amendment.

Article 2 - This law shall be implemented from the date of its publication in the Official Gazette.

Abdul Latif Jamal Rasheed   president  link

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

Tishwash:  Federal Reserve Praises Development of US Dollar Cash Distribution System in Iraq

The Central Bank announced, today, Sunday, the details of its meetings with the US Treasury and the US Federal Reserve.

The Central Bank stated in a statement received by / Al-Maalouma / agency, that “the first quarterly meetings for the year 2025 with the US Treasury and the US Federal Reserve, which were held in Dubai with the participation of international auditing and consulting firms (EY, K2 Integrity, Oliver Wyman), ended and the meetings were crowned with praise for the steps taken by the Central Bank of Iraq and the Iraqi government to reform the banking sector.”

He added that "the most important steps that have been taken are the development of the cash distribution system for the US dollar in Iraq, which they considered the most controlled and controlled system in the world, which limits manipulation and smuggling of the US dollar."

The Central Bank explained that “the consulting firms (EY and Oliver Wyman) reviewed the plans to reform the public and private banking sector and upgrade it in line with international standards and to facilitate the involvement of Iraqi banks in the international financial relations network. international correspondent banks in the Iraqi banking sector.”  link

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

Tishwash:  Regional Oil: The Path to Resuming Exports and Its Next Stages: New Hopes on the Road to Economic Recovery

Former member of the Natural Resources Committee in the Kurdistan Parliament, Jihad Hassan, commented today, Monday (February 17, 2025), on the statements of the Minister of Natural Resources in the regional government regarding the resumption of the region’s oil exports.

Hassan said in an interview with Baghdad Today, "This is an economic step that will revive the economy of the region and Iraq in general, and the matter was dependent on Baghdad and Ankara, as the region has been ready for a long time to export oil without any obstacles."

On the other hand, the expert and advisor on oil affairs, Govind Sherwani, confirmed that “the President of the Republic signed the amendment to Article 12 of the budget law related to the allocations for production and transportation of the region’s oil, and this issue was the obstacle to resuming exports.”

In an interview with Baghdad Today on Monday (February 17, 2025), Sherwani said, "The law will come into effect after its publication in the Official Gazette, and with regard to the technical aspect, a delegation from the Federal Ministry of Oil visited the region to review the technical aspects."

He added, "It is expected that within a week or the end of this month, the technical arrangements will be completed, and export will become possible. It is certain that the previous quantities, which are 400 thousand barrels per day, will not be, because these arrangements and the rehabilitation of the oil wells that were left for two years require a long time, and it may take more than 3 months to reach the previous rates."

He pointed out that "the beginning will not be less than 250 thousand barrels exported daily, and it is possible that within a month or two, exports will return to 400 thousand barrels, and this is a new resource to raise the public treasury, especially since this oil can be marketed to European markets without any obstacles."

At the beginning of 2025, new developments came in the amendment of Article 12 of the budget law, which paved the way for the resumption of oil exports from the Kurdistan Region. This step is considered an important solution to a legal problem that was hindering oil exports, and provides the region with an opportunity to enhance its economic revenues by exporting oil to global markets, especially European ones.

Despite the technical challenges facing the process of resuming exports, such as rehabilitating oil wells that have been out of service for two years, experts expect that the export process will begin in limited quantities, with the possibility of gradually increasing them in the coming months  link

Mot: Multi Talented I Is!!! 

Mot..... and then there is ""Grandma's Tea"" 

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MilitiaMan & Crew-Iraq Dinar News-Finance & Banking Advisors speakout-Truth-Oil Exports-Exchange Rate Expectation

MilitiaMan & Crew-Iraq Dinar News-Finance & Banking Advisors speakout-Truth-Oil Exports-Exchange Rate Expectation

2-17-2025

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

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

MilitiaMan & Crew-Iraq Dinar News-Finance & Banking Advisors speakout-Truth-Oil Exports-Exchange Rate Expectation

2-17-2025

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

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

https://www.youtube.com/watch?v=-rtcvEOPD7A

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Economics, Gold and Silver DINARRECAPS8 Economics, Gold and Silver DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Monday Evening 2-17-25

Good Evening Dinar Recaps,

ELON MUSK’S D.O.G.E. SET TO INVESTIGATE FORT KNOX’S $425B GOLD RESERVE

A groundbreaking D.O.G.E. investigation has catalyzed some more intense debate across multiple financial sectors after Elon Musk brought to the surface questions about the Fort Knox’s $425 billion gold stockpile verification process.

The Department of Government Efficiency (D.O.G.E.) has engineered a comprehensive review to verify whether Fort Knox actually maintains its reported 4,580 tons of gold, revolutionizing traditional Treasury oversight.

Good Evening Dinar Recaps,

ELON MUSK’S D.O.G.E. SET TO INVESTIGATE FORT KNOX’S $425B GOLD RESERVE

A groundbreaking D.O.G.E. investigation has catalyzed some more intense debate across multiple financial sectors after Elon Musk brought to the surface questions about the Fort Knox’s $425 billion gold stockpile verification process.

The Department of Government Efficiency (D.O.G.E.) has engineered a comprehensive review to verify whether Fort Knox actually maintains its reported 4,580 tons of gold, revolutionizing traditional Treasury oversight.

How Elon Musk’s D.O.G.E. Investigation Could Impact Fort Knox’s Gold Reserves

Political Response and Bitcoin Alternative

The D.O.G.E. investigation has leveraged significant political momentum, with several key lawmakers spearheading support initiatives.

Senator Rand Paul said:

“Nope. Let’s do it”

Senator Cynthia Lummis had this to say:

“Bitcoin fixes this. A bitcoin reserve could be audited anytime 24/7 with a basic computer. It’s time to upgrade our reserves.”

This pivotal D.O.G.E investigation comes after Senator Lummis created the groundbreaking Bitcoin Act, which aims at creating a strategic reserve formed out of 1 million Bitcoins, which would be optimizing a whopping amount of 5% of the total BTC supply.

The initiative deploys secure Bitcoin vaults operated through some sophisticated Treasury protocols. This would be leveraging the existing Federal Reserve and Treasury resources.

How States Use & Their Own Gold

Several major states have spearheaded their own cryptocurrency initiatives while Fort Knox discussions continue at the federal level. 

Pennsylvania, Texas, Wyoming, Arizona, and Wisconsin have engineered innovative state-based Bitcoin reserve strategies, catalyzing significant momentum for cryptocurrency adoption across various government sectors.

The Treasury has leveraged its existing 200,000 BTC holdings, primarily acquired through strategic asset seizures coordinated by US Marshals. Under the groundbreaking BITCOIN Act, these digital assets would be integrated into Treasury operations, pioneering a new era of national cryptocurrency reserves.

The Current Position of the Treasury

A pivotal inspection of Fort Knox was conducted in 2017 during Treasury Secretary Steve Mnuchin’s visit. The facility had remained sealed since 1974, when select journalists and lawmakers gained unprecedented access following widespread concerns about missing gold.

The vault’s sophisticated security architecture requires multiple authorized personnel for access, presenting ongoing challenges for comprehensive verification.

Also talking about gold reserves, Senator Lummis said:

“A bitcoin reserve could be audited anytime 24/7 with a basic computer. It’s time to upgrade our reserves.”

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

HESTER PEIRCE ON CRYPTO INDUSTRY'S 5 BIGGEST CONCERNS

The SEC's lead Crypto Task Force regulator talks early action.

President Trump made big crypto promises on the campaign trail. With Gary Gensler gone and the SEC now under new management, his administration stands ready to deliver on the agenda with digital asset regulatory clarity.

Hester Peirce – an outspoken advocate for digital asset liberties and regulatory restraint – joined David Hoffman to discuss the implications of changing agency leadership on crypto’s future.

Day one of the Trump Administration saw Commissioner Peirce appointed as head of the SEC’s freshly formed Crypto Task Force, and its first move was rescinding SAB 121, a controversial accounting policy that restricted financial institutions from offering crypto custody services.

Although Gary Gensler’s relentless trickle of crypto lawsuits traumatized industry participants and discouraged engagement with American regulators, Commissioner Peirce hopes to build healthy relationships with crypto projects and encourage experimentation through practical solutions that uphold regulation.

We didn’t get all the answers, but it was certainly refreshing to hear a lead crypto regulator finally engaging with the industry! Here’s how Hester responded to the crypto industry’s top 5 pressing concerns.

Regulatory Clarity for Tokens
One of the biggest shifts is the potential retroactive regulatory relief for token issuers. Peirce outlined a roadmap whereby projects that issued tokens in the past can gain legal clarity by providing disclosures and agreeing to certain conditions.

For years, the SEC's aggressive stance against tokens has discouraged transparency, leaving many projects afraid that disclosures could be used against them in future enforcement actions. Commissioner Peirce hopes to flip that dynamic by encouraging voluntary disclosures.

No-Action Letters
Peirce discussed the no-action letter process, which allows companies to request an official statement from the SEC confirming that a specific activity will not result in an enforcement action.

The SEC continues to solicit input from the crypto industry on how these processes should work, as it did under Gensler, and interested parties can reach out directly to provide feedback via the email: crypto@sec.gov.

Securities Laws and Crypto
Historically, being labeled a security has been a death sentence for crypto tokens in the U.S. due to the regulatory burdens it imposes. But does it have to be that way?

Peirce acknowledged that while some crypto assets will clearly fit within securities laws, the industry needs new frameworks to accommodate decentralized networks.

She also touched on meme coins, stating that just because something is popular doesn’t necessarily make it a security, but warned individuals against assuming that the SEC (or any regulator) will act as a safety net for those making speculative bets.

Airdrops and Retail Access to Crypto
Crypto projects often exclude U.S. citizens from their airdrops over fears they could become embroiled in legal troubles with securities regulators.

While Commissioner Peirce didn’t provide a definitive answer on airdrops, she signaled that the SEC is working on clearer guidance and encouraged projects to submit scenarios to the Crypto Task Force so they can better understand what the industry needs.

Additionally, Peirce indicated openness towards modernizing American financial regulations and expanding private market access through novel investor accreditation standards.

The SEC’s Relationship with the CFTC
Under previous leadership, the SEC and CFTC had an almost territorial fight over which agency would regulate crypto. Peirce expressed optimism that this will change, emphasizing that collaboration between regulators is now a priority.

Rather than seeking jurisdictional dominance, Commissioner Peirce hopes regulators will work together to create frameworks that actually make sense for crypto markets.

@ Newshounds News™

Source:  Bankless

Link to the Podcast:  Bankless

~~~~~~~~~

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

 

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Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8

4 Steps To Take When Your Emergency Fund Doesn’t Cover Your Emergency

4 Steps To Take When Your Emergency Fund Doesn’t Cover Your Emergency

David Nadelle  Mon, February 17, 2025   GOBankingRates

Having a financial safety net to cover unexpected medical costs, the loss of a job or income, or large expenses, like car repairs or appliance replacements, is essential.

However, while you won’t have to look hard to find tips on starting and maintaining an emergency fund, there’s not a lot of useful information out there to assist you when your emergency fund falls short in covering an emergency

4 Steps To Take When Your Emergency Fund Doesn’t Cover Your Emergency

David Nadelle  Mon, February 17, 2025   GOBankingRates

Having a financial safety net to cover unexpected medical costs, the loss of a job or income, or large expenses, like car repairs or appliance replacements, is essential.

However, while you won’t have to look hard to find tips on starting and maintaining an emergency fund, there’s not a lot of useful information out there to assist you when your emergency fund falls short in covering an emergency

Here are four things to do if an emergency has emptied out your emergency fund.

Stop Spending

When inflation and consumer prices stretch your income to the limit, finding extra money to fund an emergency reserve is difficult. However, it’s generally recommended that you sock away three to six months’ worth of expenses as your emergency fund goal, depending on your lifestyle and living situation.

Hindsight being 20/20, of course, you could have saved more to prepare for an emergency. But financial crises are unforeseen and you can’t live your life sacrificing all enjoyment for the sake of hoarding cash. If you do find yourself without the funds to pay an emergency expense, you’ll need to start cutting back where you can by reducing, pausing or eliminating.

Discretionary spending on new clothes, restaurant outings and indulgent services or subscriptions need to be assessed and excised in times of financial burden. If necessary, temporarily downgrade your cell service or insurance needs and start penny-pinching at the grocery store.

Pay the Minimum on Credit Cards

Not having to rely on credit cards or high-interest loans will help you avoid adding to your debt if you have an emergency fund. But what about existing debt that still needs paying off?

TO READ MORE:  https://www.yahoo.com/finance/news/4-steps-emergency-fund-doesn-190025271.html

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The 10 Golden Secrets of Fort Knox

The 10 Golden Secrets of Fort Knox

2-17-2025

Think you know what’s inside Fort Knox? The 10 golden secrets of the US Bullion Depository

Doug Whiteman September 12, 2022

In This Article:

You may have learned about Fort Knox from the James Bond movie Goldfinger, or from the old cartoon where Bugs Bunny tricks Yosemite Sam into digging up some of the gold bars and getting arrested.

But what do you really know about the U.S. bullion bunker in Kentucky?

The 10 Golden Secrets of Fort Knox

2-17-2025

Think you know what’s inside Fort Knox? The 10 golden secrets of the US Bullion Depository

Doug Whiteman September 12, 2022

In This Article:

You may have learned about Fort Knox from the James Bond movie Goldfinger, or from the old cartoon where Bugs Bunny tricks Yosemite Sam into digging up some of the gold bars and getting arrested.

But what do you really know about the U.S. bullion bunker in Kentucky?

The Fort Knox gold vault is one of the most secure and secret places in America. Because few people have ever gotten inside, the gold depository is a subject of fascination and speculation.

Here are 10 things we know — or maybe don’t know.

1. It holds tons of gold — literally

Fort Knox currently houses 147.3 million ounces of gold. The government says the bullion has a “book value” of $6.22 billion.

However, that’s based on a fixed price that officials set in 1973. Based on the current market value of gold, the reserves at Fort Knox are worth a far more impressive $252 billion, roughly speaking.

Much of the gold in the vault is in the form of 27-pound bars, while a percentage is in gold coins.

At one time, the point of having all of that gold was to provide backing for U.S. currency — but the dollar was taken off the gold standard in 1971.

2. Is the gold really in there?

So why does the U.S. hang onto its gold stash?

“Just in case we need it,” is the explanation a former Federal Reserve Board chairman reportedly gave.

Conspiracy theorists have insisted that the government secretly sold off the gold and that the gold bars are actually tungsten bricks painted to look like the precious metal.

There’s no way for outsiders to say with absolute certainty if there’s really bullion — or if it’s all bull. Over the years, there have been few audits to test the gold, or inventories to count it.

3. Outsiders rarely get inside

In 2017, Treasury Secretary Steve Mnuchin led a rare visit by outsiders to peek at the gold reserves inside the Fort Knox vault.

He was accompanied by Senate Majority Leader Mitch McConnell, and the two of them were photographed holding gold bars.

Afterward, Mnuchin had an answer for the conspiracy mongers. “Glad gold is safe!” he tweeted.

The last time Fort Knox had opened its vault to civilians was more than 40 years earlier. A congressional delegation and some journalists got a look at the gold in 1974.

4. Only one U.S. president ever got inside

President Franklin Roosevelt commissioned the construction of Fort Knox in the mid-1930s, reportedly because the Treasury worried that U.S. gold reserves weren’t safe from an enemy invasion.

Later, Roosevelt became the only U.S. president ever to set foot inside the gold vault’s titanic walls.

He traveled to Fort Knox to make an inspection in 1943, about seven years after construction on the vault was completed.

5. It’s one beefy building

Fort Knox contains 4,200 cubic yards of concrete, 16,000 cubic feet of granite, 750 tons of reinforced steel and 670 tons of structural steel. The cost of construction in the 1930s was a mere $560,000.

The roof is said to be bomb-proof, and the main vault door weighs 20 tons and is 21 inches thick. The Treasury says no one person knows the entire combination.

The door is resistant to torches, drills and explosives — not that any of that matters. The real challenge to any would-be intruder is reaching the building in the first place.

6. Guards and more guards

Fort Knox is guarded by members of the U.S. Mint Police, one of the oldest federal law enforcement agencies. It was established in 1792.

The officers undergo 12 weeks of basic training, followed by five weeks of field training. They learn a long list of heavy-duty skills, including weapons handling, cornering, door entry and room clearing.

If that doesn’t seem intimidating enough, Fort Knox sits at the center of a 109,000-acre U.S. Army post and is a training ground for military troops from around the country.

7. A frail foreign visitor

Occasionally, the vault at Fort Knox has held other precious items, besides gold.

In 1939, one of the original copies of the Magna Carta — the Medieval English charter laying down basic human rights — was brought to the U.S. to go on exhibit at the New York World’s Fair.

When World War II erupted, the delicate document was transferred to Fort Knox for safekeeping. The Magna Carta stayed in residence until 1947, when it went back to England.

But for a time, it had some treasured American roommates.

8. Very special guests from U.S. history

World War II turned Fort Knox into a hotel of sorts for prized papers from both sides of the pond.

Originals of the Declaration of Independence, the Bill of Rights and the U.S. Constitution were moved to the gold vault out of fear that the nation’s capital would be attacked.

As the war wound down, the parchment was returned to its rightful home in Washington, D.C., in 1944. That left some room at Fort Knox for the next priceless guest.

9. Protection for a hallowed headpiece

Legend has it that Hungary’s King Coloman, who reigned from 1095 to 1116, declared that the Holy Crown of Hungary, and not the king, was the true ruler of the realm.

During World War II, the crown was whisked out of Hungary to protect it from falling into the clutches of the Nazis or Soviets. It resurfaced in Austria in 1945 and was handed over to American forces.

The U.S. government brought the crown to Fort Knox for safekeeping. It remained there until 1978, when it was returned to Hungary by a delegation led by U.S. Secretary of State Cyrus Vance.

10. America’s medicine cabinet

What else has Fort Knox held, besides gold and historic artifacts? How about a hoard of d***s? Morphine sulfate, to be exact.

During the Cold War, the U.S. military wanted to be certain that it had a healthy supply of pain meds in case foreign opium sources ever got cut off. So, in 1955, Fort Knox opened its doors to tons of opium.

The government spent millions refining the stuff into morphine in 1993. However, unlike the gold — we think — the morphine is no longer there today.

Source: Yahoo Finance

https://dinarchronicles.com/2025/02/17/the-10-golden-secrets-of-fort-knox/

 

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Economist’s “News and Views” 2-17-2025

Is the U.S. About to Revalue Gold? What It Means for You!

Financial wisdom:  2-15-2025

In latest gold news reveals the US government is considering revaluing its 8,133 metric tons of gold reserves from the current $42.22 per ounce (set in 1973) to potentially match market prices near $3,000, which could generate over $760 billion in value.

While China and other central banks added record amounts of gold to their reserves in 2024, the US debates whether revaluation could help address national debt and strengthen the dollar's global position. -----

Is the U.S. About to Revalue Gold? What It Means for You!

Financial wisdom:  2-15-2025

In latest gold news reveals the US government is considering revaluing its 8,133 metric tons of gold reserves from the current $42.22 per ounce (set in 1973) to potentially match market prices near $3,000, which could generate over $760 billion in value.

While China and other central banks added record amounts of gold to their reserves in 2024, the US debates whether revaluation could help address national debt and strengthen the dollar's global position. -----

0:00 US gold reserves valued at $42.22/oz vs. market price of $3,000/oz

0:57 Benefits of gold revaluation, including debt reduction and dollar strengthening

2:09 Impact on investors and markets

 3:46 Historical context & central bank gold buying trends

https://www.youtube.com/watch?v=9EFrv7mkHKM

MARKETS A LOOK AHEAD: (TAKE ACTION NOW). WHAT IS ALREADY HAPPENING, AND ABOUT TO HAPPEN.

Greg  Mannarino:  2-17-2025

https://www.youtube.com/watch?v=i9W0mfP8VDY

This Always Happens Right Before a Market Crash

Heresy Financial:  2-17-2025

TIMECODES

 00:00 4 Crash Indicators: Introduction

00:26 #1 Euphoria and Fear of Missing Out

 01:17 Real Estate Example (Great Financial Crisis)

 02:13 Fear & Greed Index Explained

02:55 Social Media & Family “FOMO” Signs

03:16 #2 Illogical Valuations

 03:40 Dotcom Bubble & Pets.com

04:48 Amazon’s Overvaluation in 2000

 05:16 Possible AI Bubble

06:03 Palantir vs. AMD Example

 07:01 Summing Up Illogical Valuations

07:23 #3 Monetary & Fiscal Policy Changes

07:56 End of 2021: Top Mark & Market Drawdown

 09:08 Tracking M2 Money Supply

 09:43 Why Policy Signals Matter

10:12 #4 “Idiots Getting Rich” Phenomenon

10:40 The Uber Driver / Dentist Test

 11:24 Assessing the Market Today

11:51 Valuations, Rotations & Strategy

12:26 Inflationary Deleveraging Outlook

13:17 Government Debt & Currency Devaluation

13:36 Not All 4 Crash Indicators Are Present

 14:19 “Bull Markets Climb a Wall of Worry”

 15:07 Three Ways to Protect/Profit from a Crash

 16:35 Taking Partial Profits & Holding

https://www.youtube.com/watch?v=1juJGETFr2U

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