Get Ready to Pay

Get Ready to Pay for Paris Hilton’s New House [Podcast]

Noteds From the Field by James Hickman  (Simon Black) January 14, 2025

In 1913, 24-year-old Charlie Chaplin arrived in Los Angeles, drawn by an offer from Keystone Film Company. Coming from a poverty-stricken childhood in London and a successful vaudeville career, Chaplin found in Los Angeles a place of limitless potential.

The city was largely undeveloped, surrounded by orange groves, open fields and dirt roads where coyotes still roamed. But it offered the perfect backdrop for the burgeoning film industry— mountains, oceans, deserts— and a chance to escape the constraints of traditional theater.

Get Ready to Pay for Paris Hilton’s New House [Podcast]

Notes From the Field by James Hickman  (Simon Black) January 14, 2025

In 1913, 24-year-old Charlie Chaplin arrived in Los Angeles, drawn by an offer from Keystone Film Company. Coming from a poverty-stricken childhood in London and a successful vaudeville career, Chaplin found in Los Angeles a place of limitless potential.

The city was largely undeveloped, surrounded by orange groves, open fields and dirt roads where coyotes still roamed. But it offered the perfect backdrop for the burgeoning film industry— mountains, oceans, deserts— and a chance to escape the constraints of traditional theater.

While San Francisco had flourished during the gold rush, Los Angeles was entering its own boom, fueled by filmmaking. Chaplin quickly became the silent era’s most famous actor, transforming the medium while the city grew into the heart of the movie industry.

Like Chaplin, Los Angeles embodied the spirit of creative freedom, shaping modern entertainment for a century.

The city, especially Hollywood, became synonymous with the film industry, and perhaps took that for granted.

Like California in general, LA assumed that however poorly it treated its residents, however burdensome the regulation, however high the taxes, people would still come flocking like there was gold in the hills.

If you ever wanted to be the author of your own decline, follow the example of California, and Los Angeles in particular.

Hollywood has chased away its own industry to burgeoning film locations like Georgia, New Mexico, and Toronto. Georgia especially is raking in the benefits from LA’s decline.

Los Angeles was a one industry town, and they chased it away.

They forced countless lockdowns on the city during COVID, even threatened to cut off water to those who dared to invite guests over. They declared themselves a sanctuary city against federal law, inviting illegals to enjoy a multitude of free benefits— then expected federal dollars to pay for it.

They cut police, and refused to enforce basic laws against things like shoplifting, or keep even serious criminals in prison. They destroyed education, from elementary to university.

And every business and individual is absolutely drowned in useless permitting.

Oh, and with all their idiotic spending priorities, somehow fire fighting, in an area prone to wildfires, seems to be the only thing they were unwilling to properly fund.

Who would want to continue doing business there? Or invest there? Or live there?

And tax revenue and talented workers are part of the exodus.

California ran things into the ground until they no long had money for basic services.

But hey, at least people can still get private insurance when the government fails them!

Oh wait, California has also run them out of town. Because of California’s regulatory burden many insurance companies no longer do business in the state. And that has left a number of people, including those whose homes have burned down, without insurance.

California has long relied on federal bailouts to fund all these idiotic policies. Their COVID lockdowns were paid for with federal tax dollars, and they’ve received bags of cash from the Biden administration to help pay for migrant care.

The damage from these fires could easily exceed $50 billion, and again, since they have chased away insurance companies, I have a funny feeling that California is going to have its hand out to the federal government once again to help people rebuild form a crisis that was not only preventable but a direct result of political incompetence.

Would you be surprised if the federal government came to their rescue, and US taxpayers ended up paying for poor Paris Hilton’s burned out mansion, because no one would give her insurance?

There used to be a saying, "As California goes, so goes the nation."

And to be frank, I think that’s right. The US itself has some deep challenges brought on by the last several years of horrific leadership and terrible priorities.

There is, starting next week, an opportunity to makes things right and get it back on track. And I am certainly rooting for them to pull it off.

If they don’t, we don’t have to wonder what the future of the US looks like— the whole world can see the failures of the left, in Los Angeles today, laid to waste.

And it is a snapshot of what might come if the incoming leadership isn’t able to right the ship.

Tune in to today’s podcast where we talk about this in greater depth, including at the end explaining our whole ethos on building a Plan B.

(For the audio-only version, check out our online post here.)

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

 

https://www.schiffsovereign.com/trends/get-ready-to-pay-for-paris-hiltons-new-house-podcast-151973/

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News, Rumors and Opinions Friday AM 2-28-2025

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

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

Compiled Fri. 28 Feb. 2025 12:01 am EST by Judy Byington

Thurs. 27 Feb. 2025 Edward Griffin on the Federal Reserve: “When I did my research on this topic I came to the conclusion that the Federal Reserve system does not need to be audited, it needs to be abolished. The reason I say that is because if they audit the Federal Reserve system they would find out that it is doing exactly what it’s supposed to do.. It’s all out in the open…It’s one of the greatest scams of all history. Out on the surface.

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

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

Compiled Fri. 28 Feb. 2025 12:01 am EST by Judy Byington

Thurs. 27 Feb. 2025 Edward Griffin on the Federal Reserve: “When I did my research on this topic I came to the conclusion that the Federal Reserve system does not need to be audited, it needs to be abolished. The reason I say that is because if they audit the Federal Reserve system they would find out that it is doing exactly what it’s supposed to do.. It’s all out in the open…It’s one of the greatest scams of all history. Out on the surface.

The demise of the IRS: On 20 Feb. Commerce Secretary Howard Lutnick confirmed on Fox News that Trump was erasing the IRS. Federal income taxes? GONE. Instead? Tariffs on foreign nations. Due to findings of a DOGE audit they were closing 120 IRS offices nationwide while firing thousands of employees. Breaking: Seconds After Getting The Bad News From Trump Every IRS Agent Is Literally Freaking Out | Blogging/Citizen Journalism | Before It’s News

ABOLISH THE IRS – It’s HAPPENING! …Emergency Streamline System on Telegram

February 25, 2025: The IRS is crumbling! Acting head Doug O’Donnell is out! His sudden “retirement” comes after Trump’s administration slashed IRS jobs and blocked deep state operatives from accessing private taxpayer data. The takedown has begun!

February 20, 2025: Commerce Secretary Howard Lutnick just confirmed on Fox News: Trump is ERASING the IRS! Federal income taxes? GONE. Instead? Tariffs on foreign nations – AMERICA FIRST! The plan: BALANCE THE U.S. BUDGET before Trump’s term ends! Lutnick declared, “I am so pumped up for it!” as he hinted at the creation of an External Revenue Service to oversee alternative funding. The corrupt tax regime is COLLAPSING before our eyes!

Central Banks PANIC – Gold Reserves SHIFT! The globalists are trembling! Major central banks are signaling that inflation is out of control, and they’re scrambling to stop it. The move? A MASSIVE shift into gold! Rising geopolitical tensions and economic sanctions on Russia are forcing nations to abandon fiat money and run to nationless gold!

Egypt Joins BRICS – The Death of the U.S. Dollar Begins! Egypt is making its move: $500 MILLION in yuan-denominated bonds! Russia is expanding Mir payment systems globally—a clear sign that the world is ditching the U.S. dollar. Egypt, Turkey, and Saudi Arabia? On the fast track to BRICS!

~~~~~~~~~~

Thurs. 27 Feb. 2025 Bruce:

Two very strong sources told Bruce this would be the week to receive notification to set appointments and Bruce believes this was still true because (1) he knows of a person who will work at a bank in the morning, and then go to work at a Redemption Center in the afternoon and (2) There was a third email that should be received at Redemption Centers tomorrow that could be the green light.

Today Thurs. 27 Feb. 2025 Trump signed off on both GESARA and NESARA. Trump will likely talk about GESARA and NESARA when he addresses both houses of Congress next Tues. 4 March.

Read full post here:  https://dinarchronicles.com/2025/02/28/restored-republic-via-a-gcr-update-as-of-february-28-2025/

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

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

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:
Television says the Oil Minister is now saying the oil export flowing to regions is now happening much earlier than expected.  It will start flowing next week.  This is excellent news.  We don't think the oil is going to flow at 1310.  FRANK:  I don't either.  Everything seems to be coming to a massive collision.  It's like an atom smasher.  I don't think it's going to be flowing at 1310...I'm very confident the oil is going to start flowing next week.  I'm not as confident it's going to be revealed at 1310. I am confident it's going to be done at a new exchange rate but I don't know when it will be revealed at that rate.  FIREFLY:  Now it's saying that it's going to be at 1310...

Walkingstick  [Iraqi Bank friend Aki update] Very early in the morning Aki will be part of a large meeting that will be broadcast to all the CBI banks, even all the private banks, financial institutions that have been working on the monetary reform with the CBI and the US Treasury...with the CBI.  It will go for two days, Thursday and Friday.  More than likely one day will deal with banks, exchange rate, currency, monetary reform and the other day will deal with the international status of Iraq. 

Moving to digital Iqd

Nader:  2-27-2025

https://www.youtube.com/watch?v=STSh3Oj3-2w

The World is Quietly Preparing for a MAJOR Financial Reset | Lynette Zang

George Gammon:  2-28-2025

https://www.youtube.com/watch?v=hNLPk75xYZE

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“Tidbits From TNT” Friday Morning 2-28-2025

TNT:

Tishwash:  Within hours... the region's oil will be re-exported through SOMO

The Ministry of Oil announced today, Friday, that the coming hours will witness the re-export of Kurdistan Region oil through the State Oil Marketing Company (SOMO).

"Deputy Prime Minister for Energy Affairs and Minister of Oil, Eng. Hayan Abdul-Ghani Al-Sawad, is visiting Khor Al-Zubair port to see the gas pipeline connection operations," she said in a statement.

The minister confirmed, according to the statement, that “Iraq will announce in the coming hours the commencement of the region’s oil export operations through the State Oil Marketing Company (SOMO) via the Turkish port of Ceyhan at an initial rate of 185,000 barrels, gradually increasing to reach the capacity specified in the general federal budget.”

TNT:

Tishwash:  Within hours... the region's oil will be re-exported through SOMO

The Ministry of Oil announced today, Friday, that the coming hours will witness the re-export of Kurdistan Region oil through the State Oil Marketing Company (SOMO).

"Deputy Prime Minister for Energy Affairs and Minister of Oil, Eng. Hayan Abdul-Ghani Al-Sawad, is visiting Khor Al-Zubair port to see the gas pipeline connection operations," she said in a statement.

The minister confirmed, according to the statement, that “Iraq will announce in the coming hours the commencement of the region’s oil export operations through the State Oil Marketing Company (SOMO) via the Turkish port of Ceyhan at an initial rate of 185,000 barrels, gradually increasing to reach the capacity specified in the general federal budget.” link

Tishwash:  From Safe Internet to Smart Systems" Iraq Enters the Digital Revolution Era with Steady Steps

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that Iraq is moving steadily towards achieving a major digital renaissance, based on a set of foundations that support this trend.

Saleh explained to {Euphrates News} agency, "The most prominent of these foundations is the progress achieved in two types of infrastructure."

He explained that "the first category is represented by the advanced technological infrastructure, whether through secure and strong internet networks or digital payment systems that work effectively and efficiently in parallel with each other."

Saleh continued, "As for the other category, it is the advanced legal infrastructure that provides protection for the rights of users, operators, and the public right against electronic and financial crimes arising from the digital transformation."

He pointed out "the importance of having the ability to keep pace with the developments of digital technology in the virtual world on an ongoing basis," indicating that "the advisory team in the General Secretariat and all relevant Iraqi state institutions are keen to achieve this to ensure that Iraq enters the new digital age."  link

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

Tishwash:  Iraq agrees to supply Lebanon with crude oil, with immediate cash payment

 Lebanese media sources quoted informed sources as saying that the Lebanese delegation to Iraq (consisting of IDAL Chairman Mazen Sweid and Brigadier General Hassan Shaqir) agreed with Iraqi officials to renew the fuel supply contract to operate the Electricité du Liban plants with some amendments to its implementation mechanism.

The sources indicated that Iraq will supply about 2 million tons of crude oil after it had been supplying fuel oil, in exchange for paying the price of the shipments in cash and immediately, unlike the three previous versions of the contract that included Lebanon paying the price of the shipments through services provided in Lebanon to the Iraqis, provided that the previous arrears amounting to 2 billion dollars would be addressed through the platform between the two countries to provide the agreed-upon services.

By the end of 2024 and until the formation of the new government, a huge amount has accumulated on Lebanon for the price of fuel shipments. Lebanon has only paid $118 million out of $2 billion. This accumulated amount is the result of three copies of renewed contracts between the two parties.

The fourth version of the contract includes the supply of 2 million tons of crude oil and payment for it in cash.

These renovations were carried out with “provisions” and “sympathy” even though Lebanon was not paying the cost of the shipments. Despite Iraqi facilities, Lebanon was unable to pay the bills.

These facilities stipulated that Lebanon would pay the price of fuel in Lebanese pounds, and that the amounts would be deposited in the Iraqi government’s account at the Bank of Lebanon, and would be spent on services for Iraqis (including hospitalization and medical treatment for Iraqis in Lebanon) in Lebanon exclusively.  link

***********

Tishwash:  Central Bank of Iraq signs agreement with Emirates Islamic Bank

The Central Bank of Iraq announced the signing of a banking agreement with Emirates Islamic Bank, which is considered one of the highest-rated Islamic banks, and is rated (A+) according to the international Fitch agency.

Thus, Emirates Islamic Bank is a distinctive addition to the banking relations that the Central Bank of Iraq has established with advanced regional and international banks in recent years.
The agreement includes joint cooperation on several axes, the most important of which are:

Exchange of experiences in the field of developing the Islamic banking sector.

Providing payment services in UAE Dirhams to Iraqi banks and expanding their correspondent accounts network.

Cooperation between Iraqi banks and Emirates Islamic Bank, under the supervision and support of the Central Bank of Iraq, to ​​formulate a mechanism that will allow individual customers of Iraqi banks in the near future to invest (partially) in Islamic bonds issued by Emirates Islamic Bank or other issuers with a similar credit rating in the United Arab Emirates.

It is noteworthy that the Central Bank of Iraq announced in August of last year the start of a new phase of foreign transfer operations in a step aimed at enhancing the diversity of currencies and facilitating international transfer operations. This announcement came after reaching an agreement on the mechanisms for regulating dealings in the euro, the Chinese yuan, the Indian rupee, the UAE dirham, and other global currencies.

Central Bank of Iraq
Media Office
February 27, 2025  link

Mot: ..... Ready I Am 

Mot: .. Just Perspective it is

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Iraq Economic News and Points to Ponder Thursday Evening 2-27-25

Iraqi-Swiss Agreement To Prevent Double Taxation And Enhance Economic Cooperation

The Ministry of Finance announced today, Thursday, the signing of an agreement with Switzerland aimed at preventing double taxation and evasion of income and capital taxes, in order to enhance economic cooperation between the two countries.

The ministry stated in a statement that Iraq and the Swiss Confederation initialed the agreement on Wednesday, February 26, where the Iraqi side in the negotiations was headed by Mohammed Hamza Mustafa, Director General of the Legal Department and Acting Director General of the General Tax Authority, with the participation of a number of officials, financial and legal experts, and a representative of the Iraqi Fund for External Development.

Iraqi-Swiss Agreement To Prevent Double Taxation And Enhance Economic Cooperation

The Ministry of Finance announced today, Thursday, the signing of an agreement with Switzerland aimed at preventing double taxation and evasion of income and capital taxes, in order to enhance economic cooperation between the two countries.

The ministry stated in a statement that Iraq and the Swiss Confederation initialed the agreement on Wednesday, February 26, where the Iraqi side in the negotiations was headed by Mohammed Hamza Mustafa, Director General of the Legal Department and Acting Director General of the General Tax Authority, with the participation of a number of officials, financial and legal experts, and a representative of the Iraqi Fund for External Development.

The ministry stressed that the agreement aims to create an attractive investment environment by reducing the tax burdens on Swiss companies and investors, which contributes to strengthening trade and economic relations between the two countries. It also indicated that the Swiss Confederation is one of the advanced countries in the field of tax collection, and cooperation with it would attract Swiss capital, which represents one of the most important investments in the Middle East region, to support the development process in Iraq.   https://www.radionawa.com/all-detail.aspx?jimare=41277

Crude Oil Prices Stabilize 

Time: 2025/02/27 08:12:42 Read: 1,665 times   {Economic: Al Furat News} Oil prices stabilized near their lowest closing level this year, amid US President Donald Trump’s threats to impose tariffs and a range of supply-related issues.

WTI crude traded below $69 a barrel after losing nearly 3% in the previous two sessions, while Brent crude held above $72.

Trump said the planned tariffs on Mexico and Canada “are not going to stop,” but did not specify when they would be implemented. He also indicated that imposing tariffs on the European Union was still under consideration.

Record monthly losses

Oil looks set for its biggest monthly loss since September as rising trade tensions between the United States and its trading partners weigh on the economic outlook.

That concern has overshadowed the potential impact of tightening sanctions on Iran, which Trafigura Group identified as the biggest upside risk to prices, as well as the possibility that the OPEC+ alliance will delay restoring shut-in production again.

Supply issues: From Venezuela to Iraq

On the supply front, Trump said he plans to revoke Chevron Corp.’s license to operate in Venezuela, threatening the country’s economic recovery.

In the Middle East, Iraq announced that it had reached an agreement with the Kurdistan Region to resume crude oil exports, but did not specify a time frame for implementation. LINK

Gold Prices Decline Slightly As The Dollar And US Bond Yields Rise

Thursday 27 February 2025 11:45 | Economic Number of readings: 196  Baghdad / NINA / Gold prices fell on Thursday, under pressure from the rise in the dollar and US Treasury yields, while investors are awaiting an important report on inflation to assess the path of the Federal Reserve's monetary policy.

Spot gold prices fell by 0.1 percent to $2912.94 per ounce, while US gold futures fell by 0.1 percent to $2927.20.

In contrast, the dollar index rose by 0.2 percent, moving away from its lowest levels in 11 weeks, and US 10-year Treasury yields recovered from their previous losses.

As for other metals, silver stabilized at $31.84 per ounce, while platinum fell by 0.1 percent to $964.95, and palladium fell by 0.1 percent to $926.03 https://ninanews.com/Website/News/Details?key=1189078

Slight Decrease In Dollar Prices In Baghdad

Stock Exchange  Economy News – Baghdad  The exchange rate of the US dollar against the Iraqi dinar fell slightly in Baghdad markets on Thursday.

The dollar prices witnessed a decline in the two main stock exchanges in Baghdad, Al-Kifah and Al-Harithiya, to record 148,850 dinars for every 100 dollars, while yesterday morning, Wednesday, it recorded 148,900 dinars for every 100 dollars.

Selling prices in exchange shops in local markets in Baghdad recorded stability, as the selling price reached 150,000 dinars for 100 dollars, while the purchase price reached 148,000 dinars for 100 dollars.
https://economy-news.net/content.php?id=53021

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

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Seeds of Wisdom RV and Economic Updates Thursday Evening 2-27-25

Good Evening Dinar Recaps,

SOCIAL SECURITY UPDATE: LAWMAKERS' NEW PLAN WOULD EXPAND BENEFITS BY $2,400

Some members of Congress are pushing for a new law that would expand Social Security benefits by $2,400 annually.

The bill, the Social Security Expansion Act, would also ensure the program is funded for the next 75 years by applying a payroll tax on higher-income workers

Good Evening Dinar Recaps,

SOCIAL SECURITY UPDATE: LAWMAKERS' NEW PLAN WOULD EXPAND BENEFITS BY $2,400

Some members of Congress are pushing for a new law that would expand Social Security benefits by $2,400 annually.

The bill, the Social Security Expansion Act, would also ensure the program is funded for the next 75 years by applying a payroll tax on higher-income workers.

Why It Matters

Social Security faces a funding crisis that could see the Social Security Administration run out of money for full payments by the mid-2030s.

Millions of Americans rely on the program to fund the bulk of their retirement, but seniors have complained in recent years that the benefits' cost-of-living adjustment doesn't adequately reflect inflation.

Across the board, seniors are facing higher costs for groceries, housing and health care.

What To Know

Independent Senator Bernie Sanders of Vermont, Senator Elizabeth Warren, Democrat from Massachusetts, and Democratic Representatives Jan Schakowsky of Illinois and Val Hoyle of Oregon introduced the bill on Thursday in an attempt to increase benefits for millions of Americans.

The act calls for Social Security benefits to rise by $2,400 per year and would be fully funded for the next 75 years through application of a payroll tax on all income above $250,000.

That means only 9 percent or less of American households would see taxes increase in order to fund the higher benefit amount and ensure funds for the next 75 years.

At the moment, nine other Democratic senators and 17 House members have cosponsored the bill.

Before Social Security was created by President Franklin D. Roosevelt in the 1930s, around half of all seniors lived in poverty. Today, the senior poverty rate is down to 9.7 percent, thanks in large part to Social Security payments, according to the lawmakers.

The average Social Security payment is $1,838 per month, with nearly 40 percent of seniors relying on it for a majority of their income. One in seven count on it for more than 90 percent of their income.

@ Newshounds News™

Read more:  MSM

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TREASURY’S NEW CRYPTO COUNSELOR ADVOCATES FOR SWIFT STABLECOIN LEGISLATION

Tyler Williams, newly appointed crypto counselor to Treasury Secretary Scott Bessent, has announced his focus on helping Congress develop appropriate stablecoin legislation as the US accelerates crypto regulation efforts.

Williams emphasizes creating clear legal guidelines for stablecoins to boost industry confidence and ensure consistent regulatory approaches across jurisdictions.

▪The Treasury Department's decision to hire Williams signals willingness to responsibly integrate crypto into the mainstream financial system.

▪Bipartisan support continues building with the FIT21 bill passing the House in May 2024 and Senator Hagerty's GENIUS Act seeking to place dollar-pegged tokens under Federal Reserve oversight.


Tyler Williams recently got appointed as the crypto counselor to Treasury Secretary Scott Bessent. However, he has revealed that his first line of actions in this new role will include helping Congress to get stablecoin legislations exactly where they need to be.

Williams’ comment came during a private digital assets event that was recently held in Washington, D.C. This is, as the US accelerates its efforts to regulate a crypto sector that continues to grow at such a remarkable rate.

Tyler Williams Hammers on Unified Regulatory Framework

According to Williamsthere is an urgent need for a concerted effort towards creating clear legal guidelines and regulatory environment for stablecoinsHe noted that this would not only boost the industry’s confidence but also ensure that both state and federal regulators operate under a consistent framework.
This way, there is a uniform approach to the issuance and oversight of stablecoins that cut across various jurisdictions.

Williams, who previously served as a regulatory lawyer for Galaxy Digital, has also shared his optimism for the times ahead. He believes that the Treasury Department’s decision to hire him already proves that the US is more than willing to introduce crypto into the mainstream financial system, but in a responsible manner.

Bipartisan Momentum in Congress

Speaking at the same event, Representative Bryan Steil, a Wisconsin Republican and chair of the House Financial Services Committee’s digital assets subcommittee, appeared to share the same optimism as Williams. The lawmaker noted that the legislative push for stablecoin regulation has gained serious momentum and bipartisan support.

Despite the notable bipartisan backing that saw the FIT21 pass the House in May 2024, however, Steil insists that the US still needs to “outcompete the rest of the world” in its support of digital assets. That is, if the nation wants to sustain this legislative momentum and see it grow, Steil added.

Interestingly, efforts are also ongoing in the Senate to establish a comprehensive regulatory framework for stablecoinsIn early FebruarySenator Bill Hagerty introduced the Guiding and Establishing National Innovation for US Stablecoins of 2025 Act (GENIUS Act).

This legislation aims to bring US dollar-pegged crypto tokens under Federal Reserve rules. It also seeks to clearly define the roles of federal and state authorities in overseeing stablecoin issuers.

The bill has been hailed as addressing a key challenge that has previously hindered regulatory clarity, especially for stablecoins.

@ Newshounds News™

Source:  CoinSpeaker

~~~~~~~~~

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The Global Financial System is Broken

The Global Financial System is Broken

WTFinance:  2-26-2025

The WTFinance podcast recently welcomed back Larry Lepard, Managing Partner of Equity Management Associates, a veteran investment manager with over 40 years of experience and a staunch advocate for sound money.

 Lepard is also the author of the newly released book, “The Big Print: What Happened To America And How Sound Money Will Fix It,” and the discussion delved deep into the issues facing the American economy and the potential solutions he proposes.

The conversation spanned a wide range of critical topics, starting with Lepard’s central thesis: What exactly happened to America? 

The Global Financial System is Broken

WTFinance:  2-26-2025

The WTFinance podcast recently welcomed back Larry Lepard, Managing Partner of Equity Management Associates, a veteran investment manager with over 40 years of experience and a staunch advocate for sound money.

 Lepard is also the author of the newly released book, “The Big Print: What Happened To America And How Sound Money Will Fix It,” and the discussion delved deep into the issues facing the American economy and the potential solutions he proposes.

The conversation spanned a wide range of critical topics, starting with Lepard’s central thesis: What exactly happened to America? 

He points to the increasing financialization of the country as a primary driver of the current problems. This means a shift away from productive industries and towards complex financial instruments, leading to instability and ultimately, a detachment from the real economy.

A key question raised was: How long can this system survive? Lepard doesn’t paint a rosy picture, suggesting that the current trajectory is unsustainable. He pinpoints interest as a core issue, arguing that artificially low interest rates have fueled malinvestment and distorted the market signals necessary for a healthy economy.

He also expressed concerns about the potential of losing control of the bond market, which could trigger a significant financial crisis.

Given his advocacy for sound money, the conversation naturally turned to precious metals. Lepard remains bullish on Gold, viewing it as a hedge against inflation and a store of value in uncertain times. He also discussed his intriguing perspective on Bitcoin, explaining his rationale for its potential as a valuable asset. He even speculated on the possibility of sovereigns buying Bitcoin, a development that could significantly impact the cryptocurrency’s long-term value.

The podcast further explored conventional economic wisdom, questioning the commonly held belief that the constant growth of the money supply is necessary for economic growth. Lepard challenges this notion, arguing that it ultimately leads to inflation and erodes the purchasing power of the currency.

In a more unconventional tangent, the discussion even touched upon the meme cryptocurrency D.O.G.E. (Dogecoin) and the possibility of it somehow playing a role in a potential system reset.

While seemingly a lighthearted moment, it highlighted the growing distrust in traditional financial institutions and the search for alternative solutions, however unconventional they may seem.

Lepard also addressed the growing concentration of wealth in the hands of a few, a consequence of the financialized system he criticizes. This disparity, he argues, further exacerbates the existing problems and contributes to social and economic instability.

Despite the bleak outlook, Lepard offered a glimmer of hope, outlining a potential positive outcome.

He believes that a return to sound money principles, coupled with a focus on productive industries and responsible fiscal policies, can steer America back towards a more stable and prosperous future.

Ultimately, the podcast concluded with a call to action. Lepard’s one message to takeaway is a plea for individuals to educate themselves on the principles of sound money and to demand responsible governance from their elected officials.

 He believes that informed citizens are the key to driving the necessary changes and ensuring a more sustainable future for the American economy.

https://youtu.be/MbpR1VQO6-E

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The Shocking History of the Fort Knox Gold Audits

The Shocking History of the Fort Knox Gold Audits

Arcadia Economics:  2-26-2025

The whispers are growing louder: a potential audit of Fort Knox, spearheaded by none other than Donald Trump and Elon Musk. The prospect is undeniably intriguing, a potential deep dive into one of the world’s most heavily guarded vaults, holding what many believe to be the United States’ gold reserves.

The coming months promise to be filled with speculation and anticipation as we await details on the scope, methods, and ultimately, the findings of this proposed audit.

The Shocking History of the Fort Knox Gold Audits

Arcadia Economics:  2-26-2025

The whispers are growing louder: a potential audit of Fort Knox, spearheaded by none other than Donald Trump and Elon Musk. The prospect is undeniably intriguing, a potential deep dive into one of the world’s most heavily guarded vaults, holding what many believe to be the United States’ gold reserves.

The coming months promise to be filled with speculation and anticipation as we await details on the scope, methods, and ultimately, the findings of this proposed audit.

While the narrative often repeated is that Fort Knox hasn’t seen an audit since 1974, that’s a simplification of a more complex reality. The truth is, there have been subsequent inspections and verifications, though whether they qualify as full-fledged “audits” is debatable.

These examinations, often conducted by the Government Accountability Office (GAO) or the Treasury Department’s Inspector General, have involved inventory checks and reconciliation of records.

However, what these past exercises have revealed is where things get truly interesting. Beyond simple verification of weight and quantity, some stunning details have emerged regarding the management and handling of the Fort Knox gold after the widely cited 1974 date.

Gold researcher Jan Nieuwenhuijs, for example, has dedicated considerable time to scrutinizing official records and historical accounts pertaining to Fort Knox.

His findings, often documented and presented with compelling evidence, raise serious questions about the transparency and accuracy of the government’s accounting of the gold reserves. His research suggests a more nuanced and potentially troubling picture than the public generally perceives.

These “audits” and investigations raise questions: What exactly has transpired within the walls of Fort Knox in the decades since 1974? Have the gold reserves been consistently accounted for? Have there been any instances of discrepancies or unexplained movements?

The prospect of a comprehensive audit led by figures like Trump and Musk adds a new dimension to this long-standing debate. Their involvement could potentially bring greater scrutiny and transparency to the process, providing a more definitive answer to the questions that have lingered for years.

Whether this new initiative will truly unlock the secrets hidden within Fort Knox remains to be seen. But one thing is certain: the renewed focus on the US gold reserves will undoubtedly spark intense discussion and perhaps, finally, reveal the shocking truth about what has been happening inside Fort Knox all these years.

Watch the video below from Arcadia Economics featuring Jan Nieuwenhuijs for further insights and information.

https://youtu.be/J2mLTtjhJjk

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Iraq Economic News and Points to Ponder Thursday Afternoon 2-27-25

UN Commends Iraq's Efforts In Combating Corruption And Money Laundering

The United Nations Office on Drugs and Crime (UNODC) has praised Iraq's efforts in combating money laundering and organized crime, commending the Ministry of Interior's plans and actions to combat various types of crimes.

The director of the office in Iraq, Ali Al-Barir, said in a statement to the official newspaper that "there are many types of organized crime, such as drugs, terrorism, money laundering, corruption, and human trafficking," praising the measures taken by the Ministry of Interior, including the restructuring of its directorates specialized in combating drugs and organized crime.

UN Commends Iraq's Efforts In Combating Corruption And Money Laundering

The United Nations Office on Drugs and Crime (UNODC) has praised Iraq's efforts in combating money laundering and organized crime, commending the Ministry of Interior's plans and actions to combat various types of crimes.

The director of the office in Iraq, Ali Al-Barir, said in a statement to the official newspaper that "there are many types of organized crime, such as drugs, terrorism, money laundering, corruption, and human trafficking," praising the measures taken by the Ministry of Interior, including the restructuring of its directorates specialized in combating drugs and organized crime.

He added that "Iraq received an American award last year in recognition of its efforts in combating human and drug trafficking, thanks to the high rate of interception and confiscation."

Al-Barir stressed that Iraq is making great efforts to combat money laundering and terrorist financing, noting that the continuation of these efforts will have a positive impact, and that the UN office will continue to support them.  https://www.radionawa.com/all-detail.aspx?jimare=41279

The Future Begins Now With The Transition To Comprehensive Digital Transformation

Samir Al-Nusairi   With steady steps, the Central Bank continues to implement the banking reform strategy, one of the main objectives of which is to achieve digital transformation in the banking sector, which the Central Bank began in 2016 with clear stages included in its first, second and third strategies.

During the past two years, cooperation between the Central Bank and the government, with the personal support and follow-up of the Prime Minister and the chairmanship of the Digital Transformation Committee, was an essential step to activate and accelerate the transformation to digital government and the transition from a cash economy to a digital economy,

focusing on developing payments within Iraq and using technology to improve financial inclusion, developing information technology, establishing digital banks, using artificial intelligence in banking services, and using modern technologies in loans, compliance, risk management, combating money laundering and terrorist financing, and combating banking fraud.

The results during 2023 and 2024 recorded a qualitative leap in the volume of transactions in electronic payment operations and the use of modern banking technologies, as the rate of digital transformation and electronic payment rose to 48.5% compared to 20% in the past years.

This is an indicator that confirms the success of the plans and procedures adopted to achieve a major transformation with a distinguished national effort for digital transformation and electronic payment.

This joint effort by the cadres of the Central Bank, the government, banks and electronic payment companies has clearly contributed to possessing an advanced infrastructure to implement and accommodate electronic payment tools and various financial services.

The banking reform has now entered the phase of transformation to digital banks, and the Central Bank is currently examining and auditing about 70 requests to license new digital banks according to the precise controls and conditions adopted by the Central Bank.

This constitutes a real and promising start for technical banking development in Iraq to bridge the technical gap with the countries of the world in this field. This facilitates the provision of smart banking services, reduces the chances of fraud and corruption, and provides important data on the nature of transactions, their control, and compliance.

Therefore, digital banks are a new stage of digital transformation and banking reform. We hope that the Central Bank will soon take the first step by licensing digital banks that show the results of the examination, audit and study that they are committed to the applicable controls and conditions.

In this context, and in confirmation of the Central Bank's strategy for digital transformation for the next two years, His Excellency the Governor of the Central Bank confirmed yesterday that the future of digital transformation in Iraq begins now and that the current stage is witnessing a major development in the electronic payment system by increasing the number of ATMs,

which exceeded 4,000 ATMs, the number of electronic cards issued exceeded 17 million cards, and the number of POS devices is about 63,000 devices.

The number of credit wallets has also increased, and the financial inclusion rate has increased to 40% after it was 20% two years ago. Iraqi banks are today witnessing qualitative transformations in their banking operations, especially with regard to future banks that will transform from traditional entities to smart digital platforms and issue digital financial identities that facilitate financial transactions without the need for banks.

The financial and banking system will witness the decline of paper currencies to be replaced by digital payments for central banks, and that the Central Bank is moving to create its own digital currency, to gradually replace the paper process as is happening in some central banks in the world,

as well as working to establish a data center in Iraq similar to the major centers in the world, as it is an indispensable part of the digital economy and the basis for artificial intelligence, applications, big data analysis and the Internet, and that the Central Bank of Iraq has begun steps in this direction.
https://economy-news.net/content.php?id=53022

Governor Of The Central Bank Of Iraq: We Are Working To Launch An Iraqi Digital Currency
 
February 26, 2025   Baghdad/ Iraq Observer  The Governor of the Central Bank, Ali Al -Alaq, revealed today, Wednesday, the
establishment of a digital currency of the Central Bank to gradually replace the paper process.

"The financial and banking system will witness fundamental transformations, including the decline of paper currencies to be replaced by digital payments for central banks."

 He added, "The central bank is moving to create a bank's digital currency to gradually replace the paper process, as is taking place in some central banks in the world." Al -Alaq stressed, "We are seriously thinking about establishing a data center in Iraq and the bank, starting to move on this issue within the steps of digital transformation."    https://observeriraq.net/محافظ-البنك-المركزي-العراقي-نعمل-على-إ/   

Iraq Agrees With Emirates Islamic Bank To Provide Payment Services In Dirhams

Banks   Economy News – Baghdad   The Central Bank of Iraq announced, on Thursday, the signing of a banking agreement with Emirates Islamic Bank to exchange national expertise in the field of Islamic banking.

The Central Bank said in a statement received by "Al-Eqtisad News" that it signed "a banking agreement with Emirates Islamic Bank, which is considered one of the highest-rated Islamic banks, and its rating is (A+) according to the international Fitch agency."

He added that "thus, Emirates Islamic Bank is a distinctive addition to the banking relations that the Central Bank of Iraq has established with advanced regional and international banks in recent years."

He stressed that "the agreement includes joint cooperation on several axes, the most important of which is the axis of exchanging expertise in the field of developing the Islamic banking sector and providing payment services in the UAE dirham currency to Iraqi banks and expanding their correspondent accounts network."

The statement continued that the agreement includes "cooperation between Iraqi banks and Emirates Islamic Bank, under the supervision and support of the Central Bank of Iraq to formulate a mechanism that allows individual customers of Iraqi banks in the near future to invest (partially) in Islamic bonds issued by Emirates Islamic Bank or other issuers with a similar credit rating in the United Arab Emirates."

It is noteworthy that the Central Bank of Iraq announced in August of last year the start of a new phase of foreign transfer operations in a step aimed at enhancing the diversity of currencies and facilitating international transfer operations. This announcement came after reaching an agreement on the mechanisms for regulating dealings in the euro, the Chinese yuan, the Indian rupee, the UAE dirham, and other international currencies.   https://economy-news.net/content.php?id=53030

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

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Seeds of Wisdom RV and Economic Updates Thursday Afternoon 2-27-25

Good Afternoon Dinar Recaps,

SOCIAL SECURITY ANNOUNCES EXPEDITED RETROACTIVE PAYMENTS AND HIGHER MONTHLY BENEFITS FOR MILLIONS – ACTIONS SUPPORT THE SOCIAL SECURITY FAIRNESS ACT

Today, the Social Security Administration announced it is immediately beginning to pay retroactive benefits and will increase monthly benefit payments to people whose benefits have been affected by the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO).

Good Afternoon Dinar Recaps,

SOCIAL SECURITY ANNOUNCES EXPEDITED RETROACTIVE PAYMENTS AND HIGHER MONTHLY BENEFITS FOR MILLIONS – ACTIONS SUPPORT THE SOCIAL SECURITY FAIRNESS ACT

Today, the Social Security Administration announced it is immediately beginning to pay retroactive benefits and will increase monthly benefit payments to people whose benefits have been affected by the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO).

These provisions reduced or eliminated the Social Security benefits for over 3.2 million people who receive a pension based on work that was not covered by Social Security (a “non-covered pension”) because they did not pay Social Security taxes.

The Social Security Fairness Act ends WEP and GPO.

“Social Security’s aggressive schedule to start issuing retroactive payments in February and increase monthly benefit payments beginning in April supports President Trump’s priority to implement the Social Security Fairness Act as quickly as possible,” said Lee Dudek, Acting Commissioner of Social Security. “The agency’s original estimate of taking a year or more now will only apply to complex cases that cannot be processed by automation. The American people deserve to get their due benefits as quickly as possible.

People who will benefit from the new law include some teachers, firefighters, and police officers in many states; federal employees covered by the Civil Service Retirement System; and people whose work had been covered by a foreign social security system.

Many beneficiaries will be due a retroactive payment because the WEP and GPO offset no longer apply as of January 2024. Most people will receive their one-time retroactive payment by the end of March, which will be deposited into their bank account on record with Social Security.

Many of these people will also receive higher monthly benefits, which will first be reflected in the benefit payment they receive in April. Depending on factors such as the type of Social Security benefit received and the amount of the person’s pension, the change in payment amount will vary from person to person.

Anyone whose monthly benefit is adjusted, or who will get a retroactive payment, will receive a mailed notice from Social Security explaining the benefit change or retroactive payment. Most people will receive their retroactive payment two to three weeks before they receive their notice in the mail, because the President understands how important it is to pay people what they are due right away.

Social Security is expediting payments using automation and will continue to handle many complex cases that must be done manually, on an individual case-by-case basis. Those complex cases will take additional time to update the beneficiary record and pay the correct benefits.

Social Security urges beneficiaries to wait until April to ask about the status of their retroactive payment, since these payments will process incrementally into March

Since the new monthly payment amount will begin with the April payment, beneficiaries should wait until after receiving their April payment, before contacting Social Security with questions about their monthly benefit amount.

Visit the agency’s Social Security Fairness Act webpage to learn more and stay up to date on its progress. Visitors can subscribe to be alerted when the webpage is updated.

@ Newshounds News™

Source:  SSA Blog

Social Security Fairness Act:  Link

~~~~~~~~~

DEMOCRAT LAWMAKER INTRODUCES BILL BANNING OFFICIALS FROM LAUNCHING MEME COINS AFTER TRUMP TOKEN

▪️The MEME Act would require Trump to return profits from his meme coin sales and enable investors to sue officials for losses related to endorsed cryptocurrencies.

▪️The bill faces significant challenges in the Republican-controlled Congress but serves as a symbolic stance against what Liccardo perceives as unethical behavior.

▪️Regulatory uncertainty persists as SEC official Hester Peirce claims most meme coins fall outside their jurisdiction, suggesting CFTC or lawmakers should establish clearer oversight frameworks.


Newly elected Democrat Sam Liccardo, representing Silicon Valley, is introducing legislation that would block government officials from launching cryptocurrencies such as meme coins.

He noted that the move was never part of his plan when he ran for office, but after the president launched a meme coin last month, he felt a response was needed.

US President Donald Trump released a meme coin, TRUMP, just days before assuming office. Not long after, his wife Melania launched hers, called MELANIA, on January 19. Both tokens rose quickly but collapsed just as fast. The introduction of these meme coins has led to criticism. Liccardo noted that even Trump’s crypto-supporting enthusiasts found the move unappealing.

Liccardo’s bill, called the Modern Emoluments and Malfeasance Enforcement (MEME) Actseeks to prohibit the president, members of Congress, and other high-ranking officialsalong with their familiesfrom issuing or endorsing cryptocurrencies, stocks, or other financial securities.

According to the draft, the bill also requires Trump to return any money he made from selling his meme coin. Moreover, the bill would allow investors who lost money on a meme coin backed by a public official to sue to recover their losses.

Despite the bill’s strong stance, it faces an uphill battle in the Republican-controlled Congress. However, Liccardo sees it as a symbolic stand against corruption and a potential legislative tool for the future if Democrats regain power.

Regulatory Uncertainty Surrounds Meme Coins

One of the developers behind Trump’s meme coin, Hayden Davis, has a history of controversial crypto projects, including one linked to a corruption probe involving Argentina’s President Javier Milei.

Davis himself has described meme coins as a rigged game, calling the industry an unregulated casino that rewards a small group at the expense of retail investors.

Liccardo argues that existing laws fail to address the ethical and financial risks posed by politicians entering the crypto space. He said,

That behavior is so self-evidently unethical that it raises the question why isn’t there a clear enough prohibition.

He added that having a way to enforce the rules is important, and allowing people to sue helps ensure accountabilityAside from Liccardo’s bill, other proposals related to meme coins have also been introduced.

On February 20, US Democratic Senator Catherine Cortez Masto proposed an amendment to resolution S. Con. Res. 7, seeking to prevent federal employees and officials from launching, endorsing, or profiting from digital tokens connected to investments by the Chinese Communist Party.

Hester Peirce, head of the US Securities and Exchange Commission’s digital asset division, said most meme coins are beyond the SEC’s authority, noting that their regulation depends on the specifics of each coin. She suggested that lawmakers or agencies like the Commodity Futures Trading Commission (CFTC) should take responsibility for overseeing them.

@ Newshounds News™

Source:  CoinSpeaker

~~~~~~~~~

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Zimbabwe Gold ZiG Collapse: Lessons on How Not to Launch a Gold-Backed Currency

Zimbabwe Gold ZiG Collapse: Lessons on How Not to Launch a Gold-Backed Currency

Awake-In-3D   February 26, 2025

Zimbabwe’s gold-backed currency was supposed to bring stability, but mismanagement led to its rapid decline. A gold-backed currency can work, but only if implemented correctly.

The Zimbabwe Gold ZiG was introduced as a gold-backed solution to the country’s currency instability, promising to restore confidence in Zimbabwe’s monetary system. However, less than a year after its launch, the currency has lost nearly half its value, inflation is rising, and the U.S. dollar remains the preferred medium of exchange.

Zimbabwe Gold ZiG Collapse: Lessons on How Not to Launch a Gold-Backed Currency

Awake-In-3D   February 26, 2025

Zimbabwe’s gold-backed currency was supposed to bring stability, but mismanagement led to its rapid decline. A gold-backed currency can work, but only if implemented correctly.

The Zimbabwe Gold ZiG was introduced as a gold-backed solution to the country’s currency instability, promising to restore confidence in Zimbabwe’s monetary system. However, less than a year after its launch, the currency has lost nearly half its value, inflation is rising, and the U.S. dollar remains the preferred medium of exchange.

The problem isn’t with gold backing itself—historically, such systems have provided stability—but rather with poor economic policies that have undermined its success. This article examines the key mistakes made with the Zimbabwe Gold ZiG and the crucial lessons other nations should learn before attempting to implement a similar system.

The Zimbabwe Gold ZiG Struggles to Maintain Value

Zimbabwe introduced the Zimbabwe Gold ZiG on April 8, 2024, with an initial exchange rate of 13.56 ZiG per U.S. dollar. Since its launch, the ZiG has experienced significant depreciation. Below is a summary of its exchange rate progression:

  • April 8, 2024: 1 USD = 13.56 ZiG

  • September 2024: The Reserve Bank of Zimbabwe devalued the Zimbabwe Gold ZiG by approximately 42.55%, adjusting the official exchange rate to around 24.4 ZiG per U.S. dollar.

  • October 12, 2024: Reports indicated that on the parallel market, the U.S. dollar was trading at nearly 28 ZiG.

  • February 26, 2025: The official exchange rate stood at approximately 26.5012 ZiG per U.S. dollar.

This trajectory highlights the challenges the Zimbabwe Gold ZiG has struggled with in maintaining its value against the U.S. dollar since its inception.

However, less than a year after its launch, the Zimbabwe Gold ZiG lost nearly half its value, inflation soared, and Zimbabweans continued to prefer the U.S. dollar over their own national currency. The problem is not with gold backing itself—historically, gold-backed systems provided monetary stability—but rather with poor government policies and mismanagement that undermined the ZiG’s success.

This article examines what went wrong with the Zimbabwe Gold ZiG and the key lessons other nations should learn before attempting to implement a similar system.

A Gold-Backed Currency Is Only as Strong as Its Convertibility

One of the core principles of a successful gold-backed currency is that it must allow free and transparent conversion into gold. Zimbabwe’s Reserve Bank claimed the Zimbabwe Gold ZiG was backed by gold reserves, yet ordinary citizens and businesses could not directly exchange their ZiG for gold at will.

  • Lesson Learned: A gold-backed currency must have clear and enforceable redemption policies that allow holders to convert their money into physical gold or other tangible assets on demand. Otherwise, the “gold backing” is just a theoretical concept that fails to build trust.

Partial Backing Defeats the Purpose

A truly stable gold-backed system requires that the total money supply has full gold reserve backing or a basket of tangible assets. However, in Zimbabwe’s case, the actual gold reserves were insufficient to fully support the volume of Zimbabwe Gold ZiG in circulation.

This led to a situation where the central bank continued printing ZiG beyond what gold reserves could support, weakening its purchasing power and causing black market exchange rates to diverge significantly from the official rate.

  • Lesson Learned: A government cannot simply declare a currency “gold-backed” while still engaging in inflationary monetary policies. Strict money supply discipline is required, ensuring that every unit of currency in circulation is genuinely supported by hard assets.

Government Intervention and Exchange Rate Controls Undermine Trust

Rather than allowing the market to determine the value of the Zimbabwe Gold ZiG, Zimbabwe’s government fixed an official exchange rate that quickly disconnected from reality. As a result, a black market developed where ZiG traded at a much lower value than the government’s official rate.

This eroded trust in the currency even further, as businesses and individuals realized that their ZiG holdings were worth far less in practice than on paper.

  • Lesson Learned: A gold-backed currency must operate within a free-market system where exchange rates reflect real supply and demand. Government-imposed exchange rates distort the market and drive people toward alternative currencies, such as the U.S. dollar or cryptocurrencies.

Economic Stability Must Come First

A gold-backed currency cannot function properly in an environment of economic mismanagement, inflation, and policy uncertainty. Despite the introduction of the Zimbabwe Gold ZiG, Zimbabwe’s annual inflation rate soared to 14.6% in January 2025, up from 2.5% just a month earlier.

Additionally, high borrowing costs, a weak business environment, and a lack of fiscal discipline continued to undermine confidence in the national economy. A gold-backed currency alone cannot fix a broken financial system.

  • Lesson Learned: Before implementing a gold-backed currency, a government must establish macroeconomic stability, control inflation, and ensure that businesses and consumers have confidence in the overall financial system. Otherwise, the currency is prone to failure regardless of its backing.

People Must Actually Use the Currency

Perhaps the most fundamental failure of the Zimbabwe Gold ZiG was its lack of adoption. Zimbabweans overwhelmingly preferred using the U.S. dollar—not because they opposed gold backing, but because they didn’t trust the government to manage the currency responsibly.

Many businesses and consumers avoided the Zimbabwe Gold ZiG altogether, choosing instead to trade in U.S. dollars on the informal market. This led to the rise of illigal night markets, where prices were lower and transactions were conducted outside government oversight.

  • Lesson Learned: A gold-backed currency must be the preferred medium of exchange in daily transactions. This requires trust in the government’s monetary policies, a stable and predictable exchange rate, and a regulatory environment that encourages currency adoption rather than pushing people toward alternatives.

The Bottom Line: A Blueprint for a Proper Gold-Backed System

The failure of the Zimbabwe Gold ZiG is not an indictment of gold-backed currencies themselves—rather, it is a lesson in how not to implement one. A properly managed gold-backed currency provides stability, controls inflation, and builds confidence—but only if the following conditions are met:

  1. Full Convertibility – Citizens and businesses must be able to freely exchange their currency for gold or other hard assets.

  2. Strict Monetary Discipline – The money supply must be strictly controlled to prevent excessive printing beyond gold reserves.

  3. Market-Driven Exchange Rates – The currency must be allowed to float freely, without government-imposed rates that create black markets.

  4. Macroeconomic Stability – Inflation must be controlled, and economic policies must support confidence in the financial system.

  5. Widespread Adoption – People must trust and prefer using the currency over foreign alternatives.

For any country considering a return to a gold-backed system, Zimbabwe’s experience with the Zimbabwe Gold ZiG provides a critical warning: gold backing alone is not enough. Without competent economic management, fiscal responsibility, and public trust, even a gold-backed currency can fail.

A gold standard requires transparency, discipline, and a commitment to free-market principles—things Zimbabwe’s government failed to provide. Other nations considering gold-backed currencies would do well to learn from these mistakes.

=======================================

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

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“Coffee With MarkZ” Thursday Morning Chat 2-27-2025

Coffee With MarkZ

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…..I hope everyone is having a good week.

Member: I know something that would make it a great week….they just need to do it.

Member: Congress for the United States foAmerica Republic met for the first time March 4 1789. President is speaking before Congress March 4 2025. He is supposed to make a big announcement.

MZ: Let us hope this is what happens.

Coffee With MarkZ

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…..I hope everyone is having a good week.

Member: I know something that would make it a great week….they just need to do it.

Member: Congress for the United States foAmerica Republic met for the first time March 4 1789. President is speaking before Congress March 4 2025. He is supposed to make a big announcement.

MZ: Let us hope this is what happens.

MZ: On the bond side –I have about a half a dozen confirmations of folks who have been given their position in the que to be processed. Its very interesting to see them find out who gets processed first and in what order

MZ: I don’t know our timing yet….just in what order some bond folks will be going in. . That alone s encouraging to me. I really hope to get a better idea on timing today.

MZ: I have already reached out to wealth managers/redemption exchangers…..to get an idea if they are working this weekend. Hope to have an update this evening.

Member bonds ….a few days away?

MZ: I think we could be just a few days away.

Member: Mike Bara said he knew personal bond people with big big money - all signed sealed delivered - liquid - he says one guy is spending money like a drunken sailor

Member: Yes he know 1/2 dozen bond guys with appointments and in line

Member: Mark do the groups go at the same time as the bonds?

Member: Hearing  a rumor that the pentecostal group has liquidity. Hope its true.

MZ: I do not know any groups with liquidity right now. But they are positioned.

Member: I think they are all waiting for us….to go at the same time.

MZ: “ Parliament will not be disrupted” The Parliamentary legal reveals the plan of sessions during Ramadan”  they will just start the day a little later. I want to point out this is unusual for them to make a plan like this. A plan for the entire parliament to keep working during Ramadan. I think this is telling on how close we are. This is very unprecedented.

Member: Nothing shuts down during Ramadan here in the Middle East. working hours are just shortened

Member: Ramadan is fascinating my friend in Dubai sends videos such high happy celebratory energy

MZ: “ One million bank cards in Iraq. The central bank supports e-wallets” A lot of news in Iraq today revolves around banking.

MZ: “ The future now begins to move to comprehensive digital transformation” Naseiri is one of Sudanis advisors.

MZ: “Iraq and Switzerland sign double taxation agreement to enhance economic cooperation”  This is very interesting…They are really going international is actions as well as words. Many contracts being signed with many countries the last few weeks….huge progress for Iraq.

Member: There a lot of chatter of a lop of the three zero notes .

Member: Dinar to be backed by one gram of gold.

MZ: Yes the I-dinar …each one is supposed to back by a gram of gold.

Member: MarkZ should Iraq announce their revalue without the RV of the other currencies, will be able to exchange our Dinar under fiat?

Member: That’s always a possibility.

MZ: “5 key takeaways from Trump’s Cabinet”  At President Trumps cabinet meeting yesterday- Secretary of the US Treasury Scott Bessent and Lutnick said they are going to balance the budget and pay off the national debt  under President Trump. Our national debt is around $36 Trillion . if they balance the budget there will no longer be a deficit. 

MZ: But how can they pay off the debt? In less then 4 years?

Member: I would say the Revaluation of currencies and a worldwide reset

Member: that would be an average of $13.5 million paid off per year on the national debt…

Member: or all at once if there is debt forgiveness????

Member: Dan Scavino posted poll asking if we should abolish IRS.

Member: I wish we knew if we have to file taxes by April 15th this year.

MZ: We just don’t know yet. But Trump is saying he wants to get rid of income taxes and change the tax structure….The question is –does he have the political clout to make that change. I would keep playing their game until the IRS is gone.

Member: Mark I am betting by the end of March at the latest IRS will be history along with pay taxes.

Member: Praying you are right. I propose getting taxes ready but don't send until we absolutely have to!

Member: It's a True Miracle if we see the IRS go away. 37 years of waiting and didn't think it would happen in my lifetime!

MZ: They said they are going to close over 140 IRS offices….

Member: 15K IRS workers to be let go next week.

MZ: Many are saying they are trimming it down to fold it into the US treasury.

Member: I find it odd that we haven't heard anything recent on ft Knox.. What are they not telling us?

Member: I think March 4th may be a big day.

​​Member: how many important events happened on March 4th, including the first meeting of the U.S. Congress and the inauguration of several presidents

Member: Hope everyone has a great day….See you tonight. God Bless

StacieZ joins the stream at the end today. Please listen to 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.

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

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

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