More News, Rumors and Opinions Sunday PM 2-23-2025

Greg Hunter (w/ Bill Holter): DOGE Forces US Bankruptcy Reset

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Financial writer and precious metals broker Bill Holter is back with a new warning on the effects of the Trump DOGE team (Department of Government Efficiency). 

Everyone now knows of the huge unfolding fraud and waste being uncovered in federal government audits.  It simply has to be done for the nation to survive, but what many are missing are the consequences of these audits that are unavoidable. 

Holter and his former business partner Jim Sinclair (RIP) laid out the US bankruptcy scenario nearly five years ago on USAW.  The post was titled “Trump Win Offers a Way Forward After US Bankruptcy – Holter & Sinclair.”  

Of course, Donald Trump “lost” in 2020, and the bankruptcy button was not pushed.  Back then, Holter and Sinclair said the US was going to go bankrupt.  The only question was, would America get financially reorganized “under the rule of law or the rule of chaos?” 

The voters chose the rule of law in 2024 with the Trump landslide.  Holter goes on to explain, “Mathematically, this is going to go down one way or the other.  Either it’s going to go down through nonpayment or going to go down when they blow up the value of the dollar. 

They cannot pay the interest and debt back in current terms. . . . They would have to create more dollars, diluting the value of each dollar in order to pay the dollars back. The question is, does this go down under the rule of law or does it go down under the rule of complete fraud and corruption. . . .

Look at the last days of the Biden Administration.  Hundreds of billions of dollars going out the back door.  All I can say is when this is over, people better be going to jail; otherwise, you are not looking at a true rule of law.”

Holter goes on to say, “DOGE is uncovering all kinds of fraud.  This is what you see at the end of empires and even businesses.  You see fraud at the very end when empires go under.  The scope of what they are uncovering, just at this point, has been mind blowing. . . .

The more DOGE digs up, the more the truth is going to come out and the more confidence is going to break.  When confidence breaks with foreigners, that’s a big problem. 

 Just this year alone, we have about $10 trillion in Treasuries rolling over.  It’s $28 trillion in the next four years.  There has to be an appetite for our Treasuries, and DOGE uncovering the truth is counterproductive to that.  They are uncovering the truth, but truth hurts confidence. . . .

DOGE, by doing what should have been done 50 years ago, and had we had real accounting, we would not have a problem.  Now, you’ve got the system absolutely addicted to this cash flow coming out of USAID and all these different programs, and that is going to get shut off.  It’s like throwing sand into a gear box.  The system is going to grind to a halt, and that is going to lead to ‘The Great Taking.’”

Holter predicts, “When the system grinds to a halt, you see derivatives collapse, you see financial institutions collapse.  Then, guess what, they take all your stuff.  Under today’s laws, they do it legally.”

Five years ago on USAW, Holter and Sinclair predicted gold would be going much higher.  Gold standing at more than $2,900 per ounce shows they were correct, but Holter says you ain’t seen nothing yet,

“Gold is a thermometer that tells the health of currencies and regimes.  At $2,950, gold is flashing the alarm now.  The average person is not equating that to an alarm bell, but it is an alarm bell.  People are using gold to get out of the system. 

When all is said and done, you are going to find out there was fraud everywhere.  You are also going to find out that all these crypto currencies are the perfect accounting system for digital air.”

In closing, Holter says that when you consider the massive amounts of trillions of dollars of unpayable debt, gold could easily be revalued to more than $100,000 per ounce in a reset of the financial system. 

Holter says, “This would reliquefy central banks all over the world.  I don’t think you would have central banks all over the world complaining about that.”  Holter says silver could be revalued upward to thousands of dollars per ounce in a financial reset as well.

There is much more in the 61-minute interview.

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with financial writer and precious metals expert Bill Holter for 2.22.25.

https://dinarchronicles.com/2025/02/23/greg-hunter-w-bill-holter-doge-forces-us-bankruptcy-reset/

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

Militia Man  Article:  "Trump gives Baghdad a choice export Kurdistan's oil or face sanctions like Iran"  There is a plan and there is a way [to get the oil flowing].  This tells us there's clear pressure on Iraq to stay the course.  This news is somewhat intense.  It suggests power players are making sure Iraq stays on board with her reforms.  I suspect this pressure is going to be used to keep Iraq on track and get this going...The heat is up and I like it.  It's good.

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:There's an economic expert on the television...He's asking us Iraq citizens some questions regarding the exchange rate of our currency...He went on for 20 minutes talking about the pros and cons [of what we're about to do] and he reminded us that at one time the dinar was $3.30...Then we see new information commercials talking about the new national bonds...Mr Sammy says this is another way to get the citizens to bring in their 3 zero notes that many are hoarding in the their homes.  FRANK:  They are pushing the idea to buy the bonds.  They'll use their 3-zero notes...The push to bring in as many 3-zero notes as possible is also another loud indicator of a change that's coming...

They Don’t Need a CBDC, They Already Have THIS

Taylor Kenny:  2-23-2025

Imagine a financial system where every transaction is tracked, every dollar is controlled, and your financial freedom is at risk. Stablecoins and the rise of a digital dollar could be laying the foundation for unprecedented economic control.

 With deep ties to U.S. agencies and billions in U.S. debt under their control, could stablecoins like Tether be the government’s secret weapon in financial surveillance?

CHAPTERS:

0:00 CBDC

 1:08 Stablecoins

3:15 Tether

5:36 Deep Ties With Government

 7:36 Future of Money

9:08 Preparing With Gold

https://www.youtube.com/watch?v=7sb_ShuRXW8

Iraq Economic News and Points to Ponder Sunday Afternoon 2-23-25

Foreign Remittances Constitute More Than 93% Of The Central Bank’s Sales.

Time: 2025/02/23 Reading: 960 times  {Economic: Al Furat News} Foreign remittances, today, Sunday, in the sales of the Central Bank of Iraq, reached more than 93% in the hard currency auction.

The bank sold in its auction today 293 million, 340 thousand and 631 dollars, covering it at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, at a rate of 1310 dinars per dollar for foreign transfers, and at a rate of 1305 dinars per dollar in cash.

Most of the dollar sales went to strengthen the balances abroad in the form of transfers and credits, which amounted to 275 million, 440 thousand and 631 dollars, at a rate of 93.82%, compared to cash withdrawals amounting to 17 million, 900 thousand dollars.

The number of banks that purchased cash dollars was one bank, while the number of banks that met requests to enhance balances abroad was 5 banks, and the total number of exchange companies participating in the auction was 23 companies.  LINK

Oil: We Will Receive 185 Thousand Barrels Per Day From The Kurdistan Region As A First Stage

Iraqi oil refinery   Energy  Economy News – Baghdad   The Undersecretary of the Ministry of Oil for Extraction Affairs, Basem Mohammed Khudair, confirmed today, Sunday, that the ministry will receive about 185 thousand barrels per day from the Kurdistan Region as a first stage after resuming oil exports through the Turkish port of Ceyhan, while he indicated that the quantity will gradually increase to 400 thousand barrels per day.

"The suspension of exports from the Kurdistan Region during the past period caused a problem for the oil fields in the region, and a period of rehabilitation is needed to restore their production capacity, with the aim of reaching the export of 400,000 barrels per day, which is the minimum quantities stipulated in the budget," Khadir said in a televised statement followed by "Al-Eqtisad News."

He added that "the quantity currently available for export in the region is 300,000 barrels per day, part of which is allocated for internal use, while the remaining 185,000 barrels will be allocated for export."

He pointed out that "the past period witnessed a visit by a delegation from the Ministry of Oil to the region, and it was agreed to form joint committees to follow up on the mechanisms for resuming oil exports," explaining, "We were informed by the region of its readiness to start the export process."

He continued, saying, "The technical teams of the North Oil Company and representatives of the Kurdistan Region are working to inspect the oil export pipelines and ensure their suitability and readiness to resume pumping oil through them."

Khadir confirmed that "the Ministry of Oil has contacted the Turkish side to inquire about the readiness of the pipeline designated for export via the port of Ceyhan, and we are awaiting an answer within the next 24 hours."

He also stated that "the ministry is keen on the continuity of export operations via the port of Ceyhan as part of a strategic vision for the relationship between Iraq and Turkey, and there is continuous communication with the region and the Turkish side to ensure the continuation of cooperation and export."   https://economy-news.net/content.php?id=52947

Al-Yasiri: The Prime Minister Formed Specialized Teams To Evaluate The Performance Of Ministries In The Digital Transformation Process

Minister of Communications Hiyam Al-Yasiri  Money and business  Economy News - Baghdad
Minister of Communications Hiyam Al-Yasiri confirmed, on Sunday, that Iraqi ministries are racing against time to complete digital transformation operations and keep pace with developments in this field, noting that Prime Minister Mohammed Shia Al-Sudani has formed specialized teams to evaluate the performance of ministries in achieving this transformation.

Al-Yasiri said, in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", during her participation in the Digital Cooperation and Development Forum in the Jordanian capital, Amman:

"Prime Minister Mohammed Shia Al-Sudani led the Supreme Committee for Digital Transformation, developed important strategies, and established the National Center for Digital Transformation, and all ministries in Iraq are competing today to complete digital transformation operations."

She pointed out that "the Prime Minister directed the formation of specialized teams to evaluate the performance of ministries and the level they have reached in digital transformation operations."

She explained that "the Ministry of Communications, as a specialized ministry, aspires to be a model for the rest of the ministries, and has made great strides in this field, and possesses many digital applications and systems that were created by Iraqi hands and minds."

She stated that "the aim of holding the Digital Cooperation Forum is to approve the Arab Digital Agenda that was discussed last year with the participation of a number of international organizations, such as the International Federation and the United Nations, in addition to the Arab League, and today the ministerial declaration on the Arab Digital Agenda was approved."

Al-Yasiri added, "The meeting also aims to review the prospects of rapid digital development and keep pace with it, as it has become a necessity for Arab countries in order to keep up with global development in this field."

She stated that "keeping pace with development requires establishing a digital infrastructure to develop cybersecurity, eradicate digital illiteracy, and benefit from the talents and capabilities of the Arab people in general and the Iraqi people in particular."

She also indicated that "digital transformation has become an important goal in order to enhance the digital economy, considering that the digital economy today is one of the most important economies that the world is looking at, especially in oil countries that must adopt a digital economy that is an alternative to the oil rentier economy and is a real guarantee for them."

Al-Yasiri also pointed out that “artificial intelligence is still a challenge facing all countries of the world, in order to preserve the ethics of artificial intelligence on the one hand, and benefit from innovation and great scientific progress in this field.”  https://economy-news.net/content.php?id=52945

 Slight Decrease In Dollar Prices In Baghdad

Stock Exchange   Economy News – Baghdad   The US dollar exchange rate fell slightly, Sunday morning, in Baghdad markets.

The dollar prices witnessed a decrease in the Al-Kifah and Al-Harithiya stock exchanges, recording 149,900 Iraqi dinars for every 100 dollars, while it recorded 149,950 Iraqi dinars for every 100 dollars yesterday morning, Saturday.

The selling prices in the exchange shops in the local markets in Baghdad recorded stability, as the selling price reached 151,000 Iraqi dinars for 100 dollars, while the purchase price reached 149,000 dinars for 100 dollars.     https://economy-news.net/content.php?id=52929

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

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 2-23-25

Good Afternoon Dinar Recaps,

COINBASE SAYS SEC WILL DROP LAWSUIT AGAINST CRYPTO EXCHANGE—CITING CHANGE IN ‘POLITICAL LEADERSHIP’

The Securities and Exchange Commission has agreed to drop its lawsuit against Coinbase, following what the crypto exchange said was a change in “political leadership” at the agency, which accused Coinbase of failing to register as a securities exchange under the Biden administration.

6:34 PM

▪Paul Grewal, Coinbase’s chief legal officer, wrote in a blog post Friday saying SEC officials have agreed “in principle” to dismiss the agency’s lawsuit against Coinbase.

▪The SEC sued Coinbase—the largest crypto firm in the U.S.—in Manhattan federal court in 2023, alleging at least 13 crypto assets sold by the crypto exchange should have been registered as securities before they were offered publicly.

▪“What changed over those two years was the political leadership at the SEC,” Grewal wrote, appearing to reference the lawsuit being filed under the Biden administration and a shift in oversight under President Donald Trump, who has promised to lessen the regulatory burdens facing the industry.

▪Grewal told the Wall Street Journal that SEC officials will likely vote next week to dismiss the agency’s lawsuit (Coinbase did not immediately respond to a request for comment).

▪The SEC declined to comment to Forbes.

Key Background
The SEC targeted several cryptocurrency firms under the Biden administration, including lawsuits filed against Coinbase, Binance and Kraken, among others.

Regulators pushed for more oversight of the industry, claiming crypto assets sold by crypto exchanges were securities that should be registered under the SEC’s umbrella. Coinbase—which went public in 2021—disputed the SEC’s claims and accused the agency of “hurting America’s economic competitiveness.”

A federal district court declined to toss the SEC’s case against Coinbase in March 2024, and the crypto firm appealed the ruling in January. The SEC’s lawsuits against Binance and Kraken are ongoing, though the SEC has requested its case against Binance be paused.

What Has Trump Said About Regulating The Crypto Industry?
In the lead-up to his inauguration, Trump indicated he would use his executive powers to reduce regulatory burdens facing crypto firms.

He suggested he would create a new crypto advisory council, and Trump reportedly planned to unveil an executive order declaring cryptocurrency a policy priority while advising agencies to work with the industry.

Acting SEC chair Mark Uyeda said earlier this week a task force to oversee the crypto industry—established by former SEC chair Gary Gensler—would be cut down, and a new task force is reportedly moving away from Gensler’s approach.

@ Newshounds News™

Source:  Forbes

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RUSSIA'S SUPREME COURT MOVES TO CLASSIFY CRYPTO AS PROPERTY

Russia’s Supreme Court is pushing to classify cryptocurrency as property in penal cases, aiming to strengthen law enforcement’s ability to track, freeze, and confiscate illicit digital assets.

Russia’s Supreme Court Advances Crypto Legalization Efforts
Russia’s Supreme Court has taken an increasingly active role in defining the legal status of cryptocurrency, with its latest efforts focusing on recognizing digital assets as property for penal proceedings, Tass reported on Feb. 20. Chairperson Irina Podnosova addressed the issue at a recent meeting attended by judges and Russian President Vladimir Putin, stating:

With the spread of cryptocurrency in the economy, there has been a rise in crimes where the digital currency is either the means of committing the crime, the criminal income, or the object of the offense.

She further confirmed that the Supreme Court is involved in drafting a “legislative initiative aimed at recognizing digital currency as property for purposes of penal proceedings,” a move that could strengthen law enforcement’s ability to handle crypto-related crimes.

This is not the first time Russia’s Supreme Court has addressed cryptocurrency in legal proceedings. In 2019, it ruled that converting bitcoin into rubles constituted money laundering when the digital currency was obtained through illegal activities, particularly in cases involving drug-related transactions.

 The court’s decision reinforced that cryptocurrencies could fall under existing anti-money laundering laws. Additionally, in 2021, the court ruled that WMZ, the electronic currency used in the Webmoney Transfer system, was legally recognized as an object of civil rights, setting a precedent for the legal treatment of digital assets in Russia.

These earlier rulings indicate the Supreme Court’s ongoing efforts to integrate cryptocurrency into the country’s judicial framework.

6:34 PM

Despite stable crime patterns in Russia, where property crimes account for 38%, violent crimes for 24%, and offenses against public security and order for 24%, the growing use of digital currency in criminal activities has prompted efforts for clearer legal definitions, according to Podnosova.

By officially classifying cryptocurrency as property, authorities will be better positioned to track, freeze, and confiscate illicit digital assets. As more countries seek to regulate the crypto space, Russia’s legislative efforts highlight the increasing necessity for legal clarity in digital finance.

@ Newshounds News™

Source:  Bitcoin

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Thank you Dinar Recaps

Who's Buying All The Gold? | Clive Thompson

Who's Buying All The Gold? | Clive Thompson

Liberty and Finance:  2-22-2025

Retired wealth manager Clive Thompson discusses the current state of the gold market, noting its unprecedented price levels amid rising inflation. He highlights unusual patterns in the futures market, with delivery notices for gold significantly higher than typical.

Thompson explains that central banks are actively acquiring gold as a hedge against economic uncertainty, while political factors are also influencing market dynamics.

The world of finance is often complex and turbulent, requiring astute observation and seasoned experience to navigate successfully. Retired wealth manager Clive Thompson recently joined Liberty and Finance to share his insights on the current state of the gold market, and his analysis paints a picture of unprecedented circumstances driven by a confluence of economic and political factors.

Thompson, leveraging years of experience managing wealth through various market cycles, immediately highlighted the remarkable price levels gold is currently commanding. He attributed this surge, in part, to the persistently high inflation gripping economies worldwide, pushing investors towards the safe haven asset in droves.

However, the story doesn’t end there. Thompson pointed to unusual patterns emerging in the futures market that suggest a deeper, more complex dynamic at play.

Diving deeper into the underlying causes, Thompson emphasized the role of central banks. “Central banks are actively acquiring gold as a hedge against economic uncertainty,” he revealed.

With global economies facing potential recession, rising interest rates, and geopolitical instability, central banks are bolstering their reserves with gold, recognizing its intrinsic value and ability to hold its own during times of crisis.

Political factors are also heavily influencing market dynamics, according to Thompson. He didn’t elaborate on specifics, but the implication is clear: global uncertainty, trade tensions, and potential conflicts are all contributing to the demand for gold as a safe haven asset.

Despite the positive outlook for gold itself, Thompson offered a word of caution regarding gold mining stocks. He noted the underperformance of these equities relative to the price of gold, a discrepancy that warrants careful consideration. This divergence suggests that factors specific to the mining industry, such as operational costs, political risks in mining regions, and environmental concerns, are weighing on investor sentiment.

Ultimately, Thompson underscored the fundamental principle of diversification in asset allocation. While he believes gold offers a compelling hedge against economic uncertainty and inflation, he cautioned against putting all eggs in one basket. A well-rounded portfolio, diversified across various asset classes, remains the cornerstone of sound financial planning.

In conclusion, Clive Thompson’s analysis paints a compelling picture of a gold market operating in unprecedented territory. Driven by inflation, central bank demand, and geopolitical uncertainty, gold prices are reaching new heights. While the future remains uncertain, Thompson’s insights provide valuable guidance for investors navigating the complexities of the global financial landscape.

 His emphasis on diversification and understanding the nuances of the gold market, including the performance of mining stocks, is crucial for making informed investment decisions in these turbulent times.

INTERVIEW TIMELINE:

0:00 Intro

1:30 COMEX gold deliveries

15:00 Major shifts in gold market

20:00 Gold's price historically

https://www.youtube.com/watch?v=7G8br-KUFTk

News, Rumors and Opinions Sunday 2-23-2025

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

RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 23 Feb. 2025

Compiled Sun. 23 Feb. 2025 12:01 am EST by Judy Byington

Judy Note: What We Think We Know as of Sun. 23 Feb. 2025:  (RUMORS)

Trump has (allegedly) returned the US to the Gold Standard with the soon to be released new gold/asset-backed US Note.

Global Currency Reset Possible Timing:

Quantum Financial System Goes Live: Global Currency Reset (allegedly) in Motion the Greatest Financial Revolution of Our Time! … on Telegram

The Quantum Financial System (QFS) is (allegedly) no longer in testing—it’s here, actively running, exposing and recording every elite move as it rolls out globally. The countdown to full-scale launch has (allegedly) begun, and with it, the world’s financial landscape is about to change forever.

October 2024 QFS Deployment Updates: Since the start of the year, QFS has been in “beta” trials within select regions aligned against the global Cabal. These test areas now experience instant, secure transactions bypassing traditional banking, feeding data into the quantum ledger that’s invulnerable and transparent. Over 100 million real-time transactions daily(allegedly)  pass through QFS, each transaction documented and tracked within the world’s most secure ledger.

Banks in Turmoil: System “Glitches” as QFS Interferes: Since mid-November 2024, banks in key regions report “technical glitches” with frozen transactions and fluctuating balances. These are no random errors; they’re (allegedly) the first signs of QFS challenging traditional banking. As QFS runs parallel to legacy systems, it exposes every inconsistency, revealing fraudulent transfers and artificial inflation schemes. The Cabal’s banks are scrambling, (allegedly) terrified by QFS’s presence, which audits every move and shines a light on embezzled funds and manufactured scarcity.

Countdown to Global Currency Reset (GCR): The Global Currency Reset (GCR) is on the horizon, (allegedly)  bringing an asset-backed currency to replace fiat. Governments are already liquidating gold reserves into QFS, preparing for the largest wealth transition in history. Once this reset completes, fiat currencies will be worthless, replaced by an incorruptible system.

Military Oversight: Final Preparations for QFS Rollout: Military forces worldwide are (allegedly) securing key QFS nodes and testing sites, ensuring the system remains uncompromised. November 2024 marks a pivotal month, with special ops safeguarding regional hubs. This presence shows the stakes: if QFS fails, the Cabal regains control, but with soldiers securing these hubs, the elites’ last vestiges of power crumble.

Prepare Yourself: The Storm Will Break with QFS: From November 6, 2024, QFS is no longer a test—it’s the dawn of transparency, accountability, and freedom from Cabal control. The countdown has (allegedly) begun, and there’s nowhere left for the elites to hide. The Quantum Financial System is here to end every lie and deception ever used against us.

It was rumored that the Chinese Elders, who were backing the Global Currency Reset with their gold, had bought all the Cabal’s Central Banks across the World. Those banks had long been bankrupt and running on fiat monies that their leader, US Inc, printed at their convenience. Those international Banks were now merging with the QFS and taking a different role – they would no longer have access to individual bank accounts. All banks were converting to XRP Ripple digital gold/asset-backed currency.

Read full post here: https://dinarchronicles.com/2025/02/23/restored-republic-via-a-gcr-update-as-of-february-23-2025/

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

Fnu Lnu  Article: "The Central Bank of Iraq (CBI) has announced General Tender No. (1/2025) for the supply, installation, and operation of 65 currency counting and sorting machines for its branches in Basra (35 units) and Mosul (30 units)."  Here we have another example of Iraq spending billions to build out a state of the art banking system. The $64,000.00 question is, when do we get to profit from these infrastructure expenditures? 

Frank26  Article:  "Expected visit of the Central Bank Governor to Sulaymaniyah"  Are you serious?  You're putting a new banking economic center?  Why?  You never have in the decades that I can remember.  Why?  Your rate of your currency is 1310.  You don't need this banking economic center in Erbil.  Why are you doing this?  Because there is a change in the banking structure system of Iraq.

The End of the US Dollar Is Here - This Will Be The New Financial System

VRIC :  2-22-2025

https://www.youtube.com/watch?v=vmHHmBA4Emg

Secret 'Gold Tunnel' to New York Fed? "Military, Take Charge!" Mike Maloney

2-22-2025

Could there be a hidden tunnel linking major vaults in the heart of New York’s financial district?

 In this eye-opening episode, Mike Maloney dives deep into the growing calls for a full-scale audit of U.S. gold reserves - covering everything from Fort Knox to the Federal Reserve.

Discover why massive gold inflows to the United States are sparking alarm bells, hear the shocking truth about ‘paper’ gold versus real bullion, and learn why the silver market might be poised for an even bigger squeeze.

If you care about sound money, transparency, and the future of precious metals, this is a must-watch.

 Watch now and join the conversation about who truly owns America’s gold - and why the military might need to step in.

https://www.youtube.com/watch?v=56ZYJftvXhc

Seeds of Wisdom RV and Economic Updates Sunday Morning 2-23-25

Good Morning Dinar Recaps,

HOW US TRADE WARS ARE SHAPING THE CRYPTO MARKET

Trump’s trade war tariffs triggered volatility in crypto markets, with Bitcoin dropping to $91,200 before rebounding. While short-term turbulence persists, rising inflation could drive long-term crypto adoption as a hedge against devaluation. Investors should stay vigilant.

Over the past month, the crypto market has experienced notable price swings, with the total market capitalization oscillating between $3 trillion and $3.73 trillion. A key catalyst behind this volatility is President Trump. While his inauguration took Bitcoin to a new all-time high of $109,200, his recent trade war did the opposite.

The administration imposed a 25% tariff on imports from Canada and Mexico, along with a 10% tariff on Chinese goods, sending shockwaves through global markets including the crypto sector.

Although a temporary 30-day pause on these tariffs provided some relief, taking Bitcoin over the $100k mark, subsequent actions such as an additional 25% tariff on iron and aluminium left investors with a big question — How are these tariffs going to affect the crypto market?

The Reason Behind the Tariffs

The primary stated reason for these tariffs was to curb illegal immigration and prevent the inflow of contraband. However, many interpret this move as a strategic signal of US dominance over major economies.

Although Canada and Mexico quickly pledged to deploy around 10,000 personnel each to secure their borders—a move that led to a temporary pause in further tariff increases—the subsequent 25% tariff on iron and aluminium reveals a deeper strategic intent from the US.

This additional tariff indicates that the US is determined to maintain pressure on key industrial sectors, suggesting that the trade war is far from over.

How Did the Markets React?

The crypto markets had a knee-jerk reaction to the news taking Bitcoin to a low of $91,200. However, the market's resilience soon became evident when Bitcoin rebounded by over 10% in a single day, soaring to $102,000, and eventually stabilizing around $97,000. Similarly, altcoins experienced profit booking taking the market cap down to $3.4 trillion by the time the pause was announced.

The tariffs increased inflation fears and concerns over upcoming Federal Reserve rate decisions shifted investor sentiment. But a zoomed-out look at the markets would have helped investors see the hidden benefits of the trade war.

Long-Term Implications of the Tariff War

While the tariff-induced volatility has caused short-term corrections, there are long-term dynamics at play that could ultimately benefit the crypto sector. When a country increases tariffs, it often leads to higher inflation.

The US, for instance, imports billions of dollars worth of construction materials from neighbouring countries. Increased tariffs on these essentials drive up costs, potentially fueling inflation and weakening the dollar. In such scenarios, safe-haven assets like gold and crypto—tend to gain traction as investors seek protection against devaluation.

The recent CPI data showing a 0.5% increase in inflation is an early sign of the tariff war. Should the tariff war continue, it could create a macroeconomic environment where digital assets serve as an effective hedge against inflation. Coupled with improving regulatory clarity and growing institutional interest, this scenario may spur broader adoption of crypto over the long term.

Conclusion

The short-term turbulence triggered by Trump’s trade war offers a dual advantage for the crypto market. Firstly, it creates attractive entry points for investors, and secondly, it establishes a favourable environment for long-term sector growth.

While these conditions position Bitcoin and other digital assets on an upward trajectory, investors must remain vigilant and monitor trade developments closely to navigate news-driven volatility. Focusing on capital preservation and maintaining disciplined investment strategies will be key to capitalizing on future growth opportunities.

@ Newshounds News™

Source:  Economic Times

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BRICS DISCUSSES ALTERNATIVE PAYMENT PLATFORMS TO BYPASS WESTERN FINANCIAL SYSTEMS

BRICS Advances Alternative Payment Systems to Reduce Western Dependence

BRICS nations are actively discussing the development of alternative payment platforms to reduce their dependence on American financial systems, Tass reported on Feb. 19, citing Russian Foreign Minister Sergey Lavrov. Addressing the Russian State Duma, Lavrov emphasized that the initiative was originally pushed by Brazilian President Luiz Inácio Lula da Silva.

“This is being discussed in BRICS, at the initiative of [Brazilian President Luiz Inacio] Lula da Silva … The previous summit stated a decision on the necessity of developing a proposal on alternative payment platforms through finance ministries and central banks,” he detailed, elaborating:

Such proposals have been made, they suggest, in particular, the creation of a so-called transborder payment initiative, the creation of a reinsurance company, and the BRICS Clear settlement and depositary infrastructure.

The proposal aims to provide member states with greater financial sovereignty through independent transaction mechanisms.

The 16th BRICS Summit, held in Kazan from Oct. 22-24, 2024, marked a major milestone under Russia’s chairmanship. It was the first summit to include newly admitted members.

During the event, BRICS leaders formalized their commitment to alternative payment solutions through the adoption of the Kazan Declaration.

The declaration outlined key financial goals, including “the possibility of establishment of an independent cross-border settlement and depositary infrastructure, BRICS Clear, while member states’ finance ministers and central bank chiefs were tasked with properly continuing the consideration of the issue of using national currencies, payment instruments and platforms.” The move signals a collective effort to establish a financial system less reliant on Western institutions.

BRICS nations have been actively working to reduce their reliance on the U.S. dollar in global trade and financial transactions. Many member states have increasingly turned to local currencies in trade agreements, aiming to bypass Western-dominated financial systems.

The push for alternative payment platforms, such as BRICS Clear and a trans-border payment initiative, is distinct from discussions about a single BRICS currency.

While the payment platforms focus on enabling cross-border transactions using existing national currencies, the single currency initiative—still in early discussions—would require deeper financial integration and a shared monetary framework. Unlike a common currency, which demands extensive policy coordination, independent payment platforms allow BRICS nations to strengthen economic cooperation while maintaining control over their domestic monetary policies.

@ Newshounds News™

Source:  Bitcoin News

~~~~~~~~~

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Ask 9 Questions To Choose the Right Financial Advisors

Rachel Cruze: Ask 9 Questions To Choose the Right Financial Advisors

Ashley Donohoe  Sun, February 23, 2025  GOBankingRates

Whether you’re selling a house, choosing tax strategies or making a retirement portfolio, handling complex financial situations on your own can lead to costly mistakes, missed opportunities and possibly legal issues. Money expert Rachel Cruze advises partnering with various types of financial advisors who have the knowledge to help you make better decisions and ensure you’re building wealth properly.

However, you should be prepared to put some time into finding trusted people who will focus on what’s best for your situation rather than just their profits from commissions or fees.

In a recent YouTube video, Cruze highlighted nine questions to ask when attempting to choose the right financial advisors — three each for tax and investing professionals.

Real Estate Agents

1. How Many Homes Did You Sell Last Year?

Asking an agent this question might help you avoid having your home on the market for too long. It will give you an idea of the agent’s selling skills and experience to compare with other potential agents.

The Consumer Financial Protection Bureau also suggested asking related questions about the types of properties the person has sold and their neighborhoods.

2. What’s Your Schedule and Availability Like?

Cruze discussed how the schedule of  agents can widely vary and impact your experience. For example, a full-time agent might be more dedicated to helping you any day of the week versus someone who occasionally sells houses as a side job. Make sure the potential agent has the time to meet with you when you’re available and will be committed.

3. How Much Commission Do You Get?

TO READ MORE:  https://www.yahoo.com/finance/news/rachel-cruze-ask-9-questions-120106343.html

“Tidbits From TNT” Sunday Morning 2-23-2025

TNT:

Tishwash:  Opportunity or Risk? Parliamentary Oil Committee Explains the Impact of Rising Oil Prices on the Iraqi Economy

Zainab Al-Moussawi, a member of the Parliamentary Oil Committee, confirmed today, Saturday, that the rise in oil prices represents a great opportunity for Iraq to achieve financial stability, but at the same time it poses economic challenges if it is not managed wisely.

Al-Moussawi told Al-Furat News Agency that “the increase in oil prices leads to an increase in public revenues, which prompts the government to increase spending on salaries, services, infrastructure, and investment projects, which may enhance economic growth. However, she warned that this increase in spending may also lead to inflation if it is not well controlled.” 

She added, "The increase in oil revenues reduces the need to impose taxes or implement economic reforms that may be unpopular, which reduces pressure on the government to diversify sources of income." 

She stressed that "making the most of this opportunity requires wise financial policies that focus on diversifying the economy, enhancing investments, and reducing dependence on oil as the sole source of revenue."  link

Tishwash:  Deputy Speaker of Parliament: New US decisions may be issued regarding Iraq

Shakhwan Abdullah, deputy speaker of the Iraqi parliament, said on Saturday that the administration of US President Donald Trump may make new political and economic decisions regarding Iraq.

This came during his speech at a scientific conference on the present and future of Kirkuk, which was held at Soran University in the Kurdistan Region of Iraq.

In his speech, Abdullah explained that Kirkuk has always been the focus of conflict between the great powers due to its wealth of intellectual, mineral and natural resources. He added that its geographical location has made it face policies of Arabization and demographic change over the decades.

He stressed the need for all parties to work to restore rights to their owners in Kirkuk, with the aim of addressing the effects of previous policies that affected the city's demographics.

Abdullah confirmed that the Iraqi parliament has reactivated the Article 140 Committee, in a move aimed at abolishing the legacy of the Baath regime and addressing the changes that have occurred in the demographic composition of the areas covered by this article.

He also referred to his recent visit to the United States of America, where he returned to Iraq this morning. He explained that during the visit, he discussed the issue of Kirkuk and the disputed areas with the US Assistant Secretary of State and the head of the religious authority in the United States, noting that the American side views these areas with great importance.

The Deputy Speaker of the House of Representatives concluded his speech by pointing out that the new US administration may issue several political and economic decisions concerning Iraq and the United States, which has been discussed on several occasions with the federal government.  link

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Tishwash:  Swiss Ambassador: Iraq is an important regional player and we seek to be an active element in local investments

The Swiss government appreciated the efforts of Prime Minister Mohammed Shia al-Sudani in developing bilateral relations and supporting investment.

The Swiss Ambassador to Iraq, Daniel Hohn, said during his participation in a dialogue session on the second day of the Baghdad International Dialogue Conference, today, Sunday, in Baghdad, that "there are great efforts made by Prime Minister Mohammed Shia al-Sudani to restore relations between Geneva and Baghdad, and there are also common interests between the two countries, and there are important investment opportunities in Iraq that we seek to work on and enter the Iraqi market."

He added, "We have an Iraqi community that wants to return to Iraq to regain its interests, and we also have interests with Iraq that we are working to support and sustain," indicating that "the Swiss government realizes that Iraq is an important regional player in the region and has many investments, so we seek for Swiss companies to be a contributing and effective factor in achieving these investments."  link

Mot: .... Beeeeen - one of those mornings!!!

Mot: Thought fer the Daze 

MilitiaMan & Crew-Iraq Dinar News-Pressure Resume Oil Flow-Global-Radical Reform-Salaries-Value Natural Resources

MilitiaMan & Crew-Iraq Dinar News-Pressure Resume Oil Flow-Global-Radical Reform-Salaries-Value Natural Resources

1-22-2025

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=6EKH4J2Msf0

DOGE to Expose Real Gold Price - LFTV Ep 211

DOGE to Expose Real Gold Price - LFTV Ep 211

Kinesis money:  2-21-2025

In this week’s Live from the Vault, Andrew Maguire discusses how DOGE could help expose the true state of US Treasury gold reserves, with a potential price reset prompting an overdue audit revealing multiple ownership claims and mismanagement.

 As physical demand rises and central banks rush to cover bullion leases, the balance of gold pricing power is shifting from West to East, with Asian buyers absorbing supply while Western institutions lose their grip on the market.

Maguire argues that Musk’s penchant for efficiency and cost-cutting, coupled with the inherent opaqueness surrounding US gold reserves, could lead to a long overdue and potentially explosive audit.

This audit, Maguire suggests, might reveal a complex web of multiple ownership claims and significant mismanagement within the US Treasury, ultimately impacting the global gold price.

The core issue lies in the lack of transparency surrounding US gold holdings. For years, speculation has persisted regarding the actual amount of physical gold underpinning official figures. A thorough, transparent audit – something that Musk’s DOGE could potentially trigger – would challenge the status quo.

Imagine the potential consequences if such an audit revealed that the reported gold reserves are overstated, heavily leased, or subject to multiple claims from various entities. This revelation could trigger a significant price reset, forcing a market reckoning with potentially dramatic implications for global finance.

But the potential exposure of the US Treasury’s gold situation isn’t the only factor at play. Maguire highlights a critical shift in the balance of power within the gold market. For decades, Western institutions have largely dictated gold pricing. However, a rising tide of physical demand, particularly from Asia, is starting to change the game.

Central banks, recognizing the inherent value and security of gold, are scrambling to cover bullion leases, further tightening the market. Simultaneously, Asian buyers, including China and India, are aggressively absorbing available gold supply. This escalating demand from the East is placing immense pressure on Western institutions, who are struggling to maintain their grip on price control.

While Western entities may be losing their influence, the demand from the East isn’t just about investment; it’s about securing a tangible asset in an increasingly uncertain global landscape. This growing appetite from Asia positions them as the new custodians of the gold market, driving value and influencing price discovery.

The confluence of these two factors – the potential for a US gold audit prompted by Musk’s DOGE and the burgeoning demand from the East – presents a compelling scenario for a potentially explosive shift in the gold market.

 If Maguire’s predictions hold true, we could be on the cusp of a significant price realignment, driven by a newfound transparency and a changing landscape of power.

https://www.youtube.com/watch?v=UoEe4qn1a-E

Iraq Economic News and Points to Ponder Saturday Afternoon 2-22-25

UN: Iraq Is Going Through A Critical Phase And Al-Sudani Has A Clear Vision For Reform

The Special Representative of the Secretary-General of the United Nations, Mohammed Al-Hassan, stressed that Iraq and the Middle East region are going through a critical phase that requires unified efforts to ensure security and stability.

Al-Hassan said, during his speech at the seventh edition of the Baghdad International Dialogue Conference, that Iraq, with its long history, needs a constructive dialogue based on the country's interest, stressing the importance of cooperation to face challenges.

He pointed out that Prime Minister Mohammed Shia Al-Sudani has a clear vision for developing services and enhancing security and stability, stressing that the United Nations will continue to support Iraq in its efforts to achieve development and enhance stability.https://www.radionawa.com/all-detail.aspx?jimare=41240

Opportunity Or Risk? Parliamentary Oil Committee Explains The Impact Of Rising Oil Prices On The Iraqi Economy

Time: 2025/02/22 12:13:01 Read: 1,410 times   {Economic: Al Furat News} Zainab Al-Moussawi, a member of the Parliamentary Oil Committee, confirmed today, Saturday, that the rise in oil prices represents a great opportunity for Iraq to achieve financial stability, but at the same time it poses economic challenges if it is not managed wisely.

Al-Moussawi told Al-Furat News Agency that “the increase in oil prices leads to an increase in public revenues, which prompts the government to increase spending on salaries, services, infrastructure, and investment projects, which may enhance economic growth. However, she warned that this increase in spending may also lead to inflation if it is not well controlled.”

She added, "The increase in oil revenues reduces the need to impose taxes or implement economic reforms that may be unpopular, which reduces pressure on the government to diversify sources of income."

She stressed that "making the most of this opportunity requires wise financial policies that focus on diversifying the economy, enhancing investments, and reducing dependence on oil as the sole source of revenue."   LINK

Central Bank Sells Over $1 Billion In Auction Last Week

Time: 2025/02/22 13:24:24 Read: 1,020 times   {Economic: Al Furat News} The Central Bank of Iraq’s sales of hard currency in US dollars amounted to more than one billion dollars during the days in which it opened its auction last week.

During the past week, and during the 5 days in which the auction was open, it sold an amount of 1 billion, 456 million, 844 thousand, and 61 dollars, at a daily rate of 291 million, 368 thousand, and 812 dollars, which is a slight decrease from the previous week, when the sales rate was 293 million, 719 thousand, and 775 dollars.

He also pointed out that the highest dollar sales were on Monday, amounting to $298,486,800, while the lowest sales were on Tuesday, amounting to $286,030,709.

As for foreign remittance sales, they amounted to 1 billion, 383 million, 294 thousand and 61 dollars last week, compared to cash sales that amounted to 75 million, 550 thousand dollars.  LINK

Mazhar Saleh: Iraqi Banking Reform Needs To Enhance Transparency And Governance

Time: 2025/02/22 11:47:07 Read: 1,290 times  {Economic: Al Furat News} The Prime Minister's Advisor for Economic Affairs, Mazhar Muhammad Salih, confirmed today, Saturday, that banking reform in Iraq requires enhancing transparency and governance in the banking sector.

Saleh said in a statement to {Al Furat News} agency, "The operations carried out by banks operating in Iraq depend largely on the confidence of international correspondent banks in the local banking sector, which necessitates the need to provide great protection for Iraqi banks."

He pointed out that "the reform process must ensure that Iraqi banks are provided with the best transparency and governance tools, in addition to adopting the necessary applications to confront various risks and comply with international banking rules."

He added, "These measures are what everyone is looking forward to in the near future, to achieve stability and growth of the Iraqi banking sector and integrate it effectively into the international banking market."   LINK

Government Advisor: Iraq Advances 17 Places In Soft Power Index

Money and business  Economy News – Baghdad  The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, announced on Saturday that Iraq has advanced 17 ranks in the Soft Power Index compared to 2023, thanks to improvements in governance and infrastructure development, stressing that this progress reflects a noticeable improvement in the stability of the country's internal situation.

Saleh said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "Iraq's occupation of the 98th position globally in the Soft Power Index for the year 2025 is an important matter in this leap during one transitional year between the end of 2023 and the end of 2024,

and looking forward to 2025, as it comes 17 places ahead of its previous classification in 2023, which embodies the progress and stability witnessed by our country in a remarkable way, after it was ranked 116th globally in the year before the previous one."

He added that "Iraq has achieved acceleration in the subject of soft power during one continuous year between 2023 and the end of 2024 and moving forward to 2025, and this acceleration comes from among a set of factors and indicators of soft power that are usually used by global institutions interested in measuring the extent of the state's influence in its global scope through non-military means, such as culture, diplomacy, education, values, and innovation."

He explained that "one of the most prominent indicators used in the soft power rankings, which Iraq enjoyed in 2024, is its distinguished international reputation in the framework of foreign relations,

as our country's diplomatic capabilities in influencing global affairs and its international image are at their best levels, which have increased in recent years due to the flourishing of foreign activities and the network of positive relations with other countries provided by Iraq's open democratic climate as one of the most important of these factors."

He pointed out that "political and security stability in Iraq has witnessed a significant improvement, as internal tensions and conflicts that negatively affected the country's image in the world have disappeared, which has helped enhance Iraq's soft power."

He pointed out that "the ability of the government program, which has advanced its applications in developing the infrastructure and continuous improvement in basic services, especially security and digital services, was accompanied by an advanced movement of institutional governance, as the efficiency and transparency of government institutions increased, with the approval of the 2024-2028 development plan,

which committed to sustainable development and environmental protection, and providing high attractiveness for investment after announcing the principle of partnership between the state and the private sector within the philosophy of the social market, and announcing the strategic development road project as a project for Iraq's progress forward."

He added that "the high degree of interest in civilizational and cultural openness has made Baghdad the capital of tourism and culture in the world, which undoubtedly reflects the quality of life and the prevailing societal values ​​of the civilization of the Tigris and Euphrates Valley, which dates back more than 7,000 years, in addition to the keenness to highlight the role of national heritage in general and different ethnicities in particular, which had a positive impact on the strength of societal diversity and its transition from the national level to the external level."

He added, "Diversifying the economy, sustainable development and moving away from the rentier economy remain among the challenges facing the rise of soft power.

This is what the government program is working on with great care, supported by the prevailing trend in economic, social and political thought circles in Iraq on an ongoing basis through the process of national support for comprehensive economic development programs for the state and government, to build a better Iraq forever."  https://economy-news.net/content.php?id=52914

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