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

Seeds of Wisdom RV and Economic Updates Saturday Morning 4-5-25

Good Morning Dinar Recaps,

SEC EASES UP ON STABLECOINS — BUT NOT ALL OF THEM MAKE THE CUT

The U.S. SEC is taking a step back from certain stablecoins, saying they don’t count as securities — which basically means the agency won’t be regulating them like it does stocks or crypto tokens it sees as investments. This is a big shift and adds to the list of crypto areas the SEC is slowly letting go of, like memecoins and mining.

According to a post by Fox Business journalist Eleanor Terrettthe SEC has introduced a new category called “Covered Stablecoins.” 

Good Morning Dinar Recaps,

SEC EASES UP ON STABLECOINS — BUT NOT ALL OF THEM MAKE THE CUT

The U.S. SEC is taking a step back from certain stablecoins, saying they don’t count as securities — which basically means the agency won’t be regulating them like it does stocks or crypto tokens it sees as investments. This is a big shift and adds to the list of crypto areas the SEC is slowly letting go of, like memecoins and mining.

According to a post by Fox Business journalist Eleanor Terrettthe SEC has introduced a new category called “Covered Stablecoins.” 

These digital coins are always equal in value to the U.S. dollar — one coin equals one dollar. To qualify, these coins must be backed by safe, easy-to-sell assets that match or exceed the amount of coins in circulation. This means they’re considered stable, safe, and easily redeemable for real dollars at any time.

The SEC’s Division of Corporation Finance made it clear that these kinds of stablecoins are not being treated as investments. Because of that, they do not fall under the SEC’s jurisdiction — which is a big deal for projects trying to stay compliant while offering dollar-backed crypto.

However, this doesn’t apply to all stablecoinsThe SEC says this guidance doesn’t include algorithmic stablecoins (which use code to keep their value stable), stablecoins that offer yield or interest, or coins tied to other assets like gold or foreign currencies. These other types might still be considered securities or face other regulations.

This new update is a positive step for regulated, dollar-backed stablecoins like USDC or PayPal’s PYUSD, giving them a bit more breathing room and clarity. But the rest of the stablecoin space still sits in a gray area.

But No Interest for Users

But there is something else that is very important to note: Even though stablecoin companies can make money (like through interest on their reserves), they’re not allowed to share that money with users. So, users won’t earn interest from holding these covered stablecoins.

Coinbase CEO Brian Armstrong isn’t happy about that. He said he wants Congress to change the rules so users can earn interest without the coins being considered securities.

Circle Applauds, Congress Pushes Ahead

Circle President Heath Tarbert praised the SEC for its decision, saying that only stablecoins with real backing, like USDC, qualify. At the same time, Congress is working on stablecoin rules. Bills are moving through both the House and Senate with strong support from both parties.

As political discussions grow, with Trump supporters pushing their own crypto plans, everyone’s attention is on the SEC’s upcoming crypto summit, where trading will be a major focus.

@ Newshounds News™
Source:  
Coinpedia

~~~~~~~~~

U.S. DEPARTMENT OF THE TREASURY SANCTIONS EIGHT CRYPTO WALLETS ALLEGEDLY TIED TO IRAN-BACKED HOUTHI REBELS

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions against a network of financial facilitators and procurement operatives that provide supplies to the Houthis, an Iran-backed terrorist organization that has launched attacks against dozens of ships in the Red Sea and Gulf of Aden.

In a statement, the OFAC says that it has taken action against a Houthi network working with Sa’id al-Jamal, a financial facilitator with ties to Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF).

Al-Jamal’s network has procured millions worth of weapons and other commodities from Russia, including stolen Ukrainian grain, and shipped the goods to the Houthis in Yemen.

The new sanction includes eight crypto wallets that the OFAC says the Houthis used to transfer funds associated with their activities. The development makes it illegal to transact with these crypto addresses.

“Unless authorized by a general or specific license issued by OFAC or exempt, U.S. sanctions generally prohibit all transactions by US persons or within (or transiting) the United States that involve any property or interests in property of designated or otherwise blocked persons.”

According to the blockchain intelligence firm TRM Labstwo of the crypto addresses were already linked to Sa’id al-Jamal. The other wallets have ties to entities that Israel’s National Bureau for Counter Terror Financing (NBCTF) has flagged as involved in terrorist financing.

On-chain analysis likewise shows that millions of dollars’ worth of funds moved from these wallets to those belonging to other high-risk and OFAC-sanctioned entities, as well as manufacturers and sellers of unmanned aerial vehicles (UAVs) and anti-UAV equipment connected to China and Russia.

@ Newshounds News™
Source:  
DailyHodl

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Read More
Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“Tidbits From TNT” Saturday Morning 4-5-2025

TNT:

Tishwash:  A high-level US trade delegation is expected to visit Baghdad.

Iraq is anticipating the visit of a high-level US trade delegation comprising several major American companies. The visit is expected to strengthen relations between Washington and Baghdad in the areas of security, infrastructure, and energy.

This was announced by Farhad Alaa El-Din, the Sudanese Prime Minister's advisor for foreign affairs, on Friday, April 4, 2025. He explained that the delegation will arrive in Baghdad next week, and that an agreement is expected to be concluded between the American company General Electric and the Iraqi Ministry of Electricity to develop the electricity sector in Iraq.

TNT:

Tishwash:  A high-level US trade delegation is expected to visit Baghdad.

Iraq is anticipating the visit of a high-level US trade delegation comprising several major American companies. The visit is expected to strengthen relations between Washington and Baghdad in the areas of security, infrastructure, and energy.

This was announced by Farhad Alaa El-Din, the Sudanese Prime Minister's advisor for foreign affairs, on Friday, April 4, 2025. He explained that the delegation will arrive in Baghdad next week, and that an agreement is expected to be concluded between the American company General Electric and the Iraqi Ministry of Electricity to develop the electricity sector in Iraq.

The advisor noted that the agreement will help address Iraq's current electricity shortage, which stands at 48,000 megawatts.

Alaa El-Din added that the United States has significantly expanded its economic relations with Iraq over the past two and a half years, and that Washington is playing an increasingly important role in revitalizing the Iraqi economy.

The US delegation's visit was organized by the Iraqi Chamber of Commerce, and several agreements and memoranda of understanding are expected to be signed between the two sides, in addition to an agreement to develop the electricity sector.

Alaa El-Din also noted that Iraq seeks to leverage the capabilities of American companies to address the problem of flaring large quantities of associated gas due to the lack of adequate infrastructure.

The US trade delegation's visit comes amid US President Donald Trump's imposition of tariffs on several countries, including Iraq, which Trump announced on Wednesday night, April 2, 2025, at a rate of 39%. link

Tishwash:  With oil prices rapidly declining, a member of the parliamentary finance committee calls for amending the budget schedules.

Jamal Kocher, a member of the Parliamentary Finance Committee, stressed the need to reconsider the 2025 budget schedule if oil prices continue to fall below $70 per barrel.

Kocher explained to Al Furat News Agency, "This matter depends on the price estimated in the budget, indicating that if the price per barrel is at $70, the current rates can be maintained."
He pointed out that "the final decision will be based on financial estimates of oil prices throughout the year, as the price can be maintained if studies indicate it rises above $70. However, if the price falls below this level, Kocher stressed the need for the government to review the financial schedules."

Kocher pointed out that "there is a real deficit in the budgets of previous years, 2023 and 2024, which requires careful handling of oil price fluctuations and their impact on the national economy."
Oil prices fell for the second day in a row, reaching their lowest levels in more than three years, after markets were shocked by the sudden increase in OPEC+ production, in addition to the tariffs imposed by US President Donald Trump, which could lead to a reduction in global demand.

Brent crude, seen as a global benchmark for the oil market, has lost more than 10% in just two days, while US futures are trading at their lowest levels since May 2023, according to Bloomberg.
Brent has fallen to $65 a barrel.

These declines are the result of the tariff storm announced by Trump on Thursday, which threatens global economic growth and consumption.

Just hours after Trump's tariff announcement, the OPEC+ alliance announced a tripling of planned production for May. link

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

Tishwash:  Al-Sudani: Iraq is witnessing an unprecedented phase of reconstruction and development.

Prime Minister Mohammed Shia al-Sudani said on Friday, April 4, 2025, that: "Iraq is witnessing an unprecedented phase of reconstruction and development."

During his meeting today with a group of tribal sheikhs and dignitaries from various communities at the guest house of Hajj Rahim Majisar al-Baydani in Baghdad, Al-Sudani affirmed that "the tribes have always been with the state since its founding, beginning with the 1920 Revolution, and their contributions and sacrifices have continued effectively at various stages and times."

The Prime Minister pointed to "the role of the tribes and their honorable stance in responding to the religious authority's call for sufficient jihad, the call of the nation, as all members of the tribes that bear the Iraqi color lined up in the trench of confrontation against terrorism. This stance came at a time when it was rumored that Iraq had ended as a state, only for the country to return safe and unified."

Al-Sudani stressed that "the supreme religious authority's indication that Iraqis have a cultural and intellectual heritage that they must study, understand, and rely on is a fitting indication, and that our country, with its culture and resources, is capable of facing various challenges." He emphasized that "her talk about Iraq's recovery and being on the right path is a reassuring message to some alarmists who paint a picture of anxiety, panic, and defeatism among society."

He explained, "What we enjoy today is thanks to the sacrifices and honorable stances of the tribes, which we cannot forget. Iraq is strong, capable, healthy, and progressing, as attested to by all regional and international institutions." He indicated that "Iraq has an important pioneering role, and the reconstruction and development it is witnessing, from Basra to Nineveh, is an unprecedented phase."

He continued, "From the outset, the government has worked on priorities based on the needs of the people, far removed from any personal or partisan objectives. We cannot mortgage the country's future solely to oil, especially since Iraq possesses the potential for agriculture, industry, and tourism."

Al-Sudani stated, "Our country is distinguished by its geographical location as a global trade corridor. That's why we launched the Development Road project, and we are working day and night to achieve our commitment. We have the capabilities, resources, and determination to face various challenges."

He pointed out that "work is continuing on a project to transport gas to our power stations, and there is a genuine will to implement reforms, and we have made significant progress in this regard, in a timeframe not exceeding two and a half years of the government's term."

He continued, "The region has witnessed exceptional circumstances, and the government's greatest test was how to handle this crisis, given Iraq's principled position on the Palestinian issue. The continued Zionist aggression against the Palestinians has demonstrated the failure of the international community."

He explained, "We were able to preserve Iraq by acting wisely and responsibly to avoid slipping into the arena of war and conflict. Some emotional and hasty voices wanted Iraq to go to war and conflict."

The Prime Minister stressed that "the interests of Iraq and Iraqis are the government's top priority, and there is no room for favoritism toward any internal or external party." He explained that "the government's approach is to preserve the supreme interests of the state, and we have full hope that the clerics, tribal sheikhs, and elites will promote a discourse of unity, solidarity, and brotherhood among all members of society."

He continued, "There are those who thrive on the rhetoric of sedition, crisis, and conspiracies, and we must pay attention to this matter, especially with the upcoming elections. We are confident that Iraq's future is promising, thanks to its people, capabilities, resources, and sound principles for governing the state."  link

Mot: Ahah!!! -- This Finally Says it All!!!! 

Mot: Will Beeeeee a Perfect Daze fur - bird watching

 

Read More
Militiaman, News Dinar Recaps 20 Militiaman, News Dinar Recaps 20

MilitiaMan &Crew: Iraq Dinar-Urgency for Oil exports to Resume-Global Trade Corridor-Unprecedented Development

MilitiaMan &Crew: Iraq Dinar-Urgency for Oil exports to Resume-Global Trade Corridor-Unprecedented Development

4-4-2025

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

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

MilitiaMan &Crew: Iraq Dinar-Urgency for Oil exports to Resume-Global Trade Corridor-Unprecedented Development

4-4-2025

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=uR5NVdGluVQ

Read More
Frank26, KTFA Dinar Recaps 20 Frank26, KTFA Dinar Recaps 20

FRANK26….4-4-25….WHAT’S THE TEMPERATURE IN THE MIDDLE EAST

KTFA

Friday Night Conference Call

FRANK26….4-4-25….WHAT’S THE TEMPERATURE IN THE MIDDLE EAST

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

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

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

KTFA

Friday Night Conference Call

FRANK26….4-4-25….WHAT’S THE TEMPERATURE IN THE MIDDLE EAST

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

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

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

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=yc4NLAxzYVg

 

Read More
Calls, Chats and Rumors DINARRECAPS8 Calls, Chats and Rumors DINARRECAPS8

Bruce’s Big Call Dinar Intel Thursday Night 4-3-25

Bruce’s Big Call Dinar Intel Thursday Night 4-3-25

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It is Thursday, April 3rd and you're listening to the big call. Thanks for tuning in everybody out there in big call universe, thank you for being faithful to listen to the big call for all these 13 plus yes into our 14th year

We're going to have a good call tonight. I'm excited. I hope you are. And I'm looking forward to bringing out some news. Let's get into some intel all right. now, i would like to talk first of all because jeannie reminded me of  and Sue reminding me of course, again about the med beds. So here's what is new about the med beds since Tuesday. We have 18,000 Med bed centers in the United States - Each center has two med beds in it, so 18 times two, that's 36,000 med beds in 18,000 centers across the country.

Bruce’s Big Call Dinar Intel Thursday Night 4-3-25

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It is Thursday, April 3rd and you're listening to the big call. Thanks for tuning in everybody out there in big call universe, thank you for being faithful to listen to the big call for all these 13 plus yes into our 14th year

We're going to have a good call tonight. I'm excited. I hope you are. And I'm looking forward to bringing out some news. Let's get into some intel all right. now, i would like to talk first of all because jeannie reminded me of  and Sue reminding me of course, again about the med beds. So here's what is new about the med beds since Tuesday. We have 18,000 Med bed centers in the United States - Each center has two med beds in it, so 18 times two, that's 36,000 med beds in 18,000 centers across the country.

Well, that sounds like a lot. Yeah, that's that's a lot over the country with our population, I can see now, where it would get pretty busy - Now what about people that are homebound, that kind of a bed bound or in hospice or situations like that ?

Guess what they have come up, it started six months ago. I find out about it yesterday, six months ago, they have 8000  mobile med bed units ready to roll. They are in used UPS  box trucks, you know, used FedEx trucks. FedEx is still and in some box ambulances as well.

So even though somebody roars up the street in an ambulance, Everybody looks out the window and says it's going to so and so's house. I wonder. You know what's going on? Well, that's why the UPS and FedEx, addition to ambulances , it's everybody used to see in FedEx and UPS trucks. So it's not going to be anything that seems out of the ordinary, but these mobile units will be able to go to the homes of people that are bed bound, or wheelchair bound, or whatever. Just easier to access them

They are supposed to roll out as well as the Med bed centers being available starting the ninth or 10th of April.  Now, the 10th would be a week from today. Ninth would be the day before, which would be Wednesday. So that's terrific news that we didn't know until today. Med bed mobile units and med beds available  starting the ninth or 10th of April.  So that's really the med bed news I had to bring.

So where are we.  Intel has been a little bit fractured, a little bit unable to assimilate quite everything into a perfect puzzle, but every day, I've been getting a puzzle piece that's coming in and allowing this picture to be completed. And I'm just going to go, not go back a full week or a couple of days, but just say today, the algorithms for the 800 numbers have been loaded.

The emails addresses with the toll free numbers are loaded. But there was an issue today with funds that were sent from HSBC. These were bond funds sent from HSBC to Wells Fargo. And there was a there was a snafu problem. It got solved and it got rectified sometime this afternoon, and I am supposed to receive the 800 number anytime now. In fact, it looked like I was going to have it for tonight's call.

It looks like I didn't get it by tonight, so I was hoping to be able to put it out tonight on the call – that’s how close we are -

Now is it going to be tomorrow? I don’t know - I would say it should be based on what I heard  following  but we will have  to see. Now I'm going to tell you guys we’re very close on that.

I did hear something I'm not quite 100% comfortable with, which is interesting, and I think I should tell you guys, all right, let's say we put the 800 number out on the website, right? Big call universe.com, and if Bob gets Raleigh to send out an email blast to the people that want the toll free number sent through their email, we do that assuming that we're allowed to - We believe we will.

And you're going to be getting emails from Wells Fargo servers. They know who the currency holders are. They know who the Zim holders are, etc. So they're going to be sending those out.

And let's say we get them. In fact, let's even say we get them tomorrow, maybe noon, maybe four o'clock, whenever we get them, and we call to set our appointments. Now what I'm understanding is that we'll set the appointments, but we'll call it in to set the appointment.

We'll go all the way to the redemption center. They'll talk to us, and then they will notify us in I'm going to say, three days or so as to when our actual appointment  will be -- the day time of day time and day

Now what's strange about that is if the numbers came out in the morning  and we called, we thought we'd go in immediately, right then  boom, even tomorrow afternoon or Saturday, right? But the information I'm getting is saying that there's a slight wait where they're going to call us  to to let us know when the appointment actually will be.

And I've said a long time ago to several people in getting  the toll free numbers half the battle, or in a way, we're over 50% there when we get the 800 number. But why would they wait a few days to let us know exactly when our appointment would be, why, and I think they figured it out yesterday.

I think what they're doing is they're just going to vet us as KYC, know your customer type rules to make sure that the deep state is not getting in, they're not going to get in for this exchange.

The other reason is, remember, well, there were a number, and I think the number was about 26,000 bonds. That were bogus, whatever you want to call them. They could not match them up to owners or powers of attorney representatives of the bonds, and they just literally or they were bogus.

 Well, it took a while. They took about  two days go through all those and they found out who the people were  that put those bonds out, in they were bogus, and picked them up. The rest of them already.

Well, that was a slight delay. That was a day and a half delay. So there are these little things, and we're at a very, very high security level, DEF CON one is the highest level of readiness for our military. And there have been meetings going on with, with more ad meetings going on with, with the Treasury, military, all of this stuff as they're going through and running algorithms and running programs to see that we're good to go. And like I said, we were just about there before the call to where  I kind of thought I'd like to get the number tonight.

So that being said, we're that close, and we need to keep pushing forward and for the 800 numbers to come, and then the next best thing to put it out tonight is going to be getting up with Bob and Raleigh and putting it to make sure we have the number correct and put it out on big call universe.com website.

Now Bob, here's the question

This number is primarily for the United States, and I believe Canada can  use it, but it's really not for the rest of the world, which would include Latin America, which would include Europe, which would include the Far East  Middle East -  so now,its not going to do any good –

Now - even with the amount of listeners that we have  for big call  universe - Bob, can our servers withstand people going to our site to pick up that 800 number.

I don't know how much the traffic will be, but I believe it would could be substantial. We'll see. But that's it's a real question, and I hope that that, you know the number, I'll give it to people that I have contacts for, and Sue can get it out. And you know, we'll get it out, able to do it for the big call like we're talking right now.

So let's see what happens tomorrow. Listen, and there might be a way I'm thinking out loud , there might be a way to do a special call and get it out.

SUE:  Can I ask a question here? Here's, here's what I want to make clear, you said you asked Bob whether so the whole purpose, first of all, they're going to get an email from Wells Fargo. That's number one.  The people that bought the currency, they will get an email. That's their number one thing,

So please, don't worry, but I just wanted to let everybody know there is another piece I mean, that President Trump, spoken with the head of the CBI, which is really Bank of Iraq, and that is Iraq, and also Dr Shabibi, the former director of the CBI. He spoke to both of those gentlemen have said that this needs to go out, that Iraq needs everything that they need to do, which I understand was already done, but they need to get everything done the 8th  of April

I think they it was, they had to have that the RV as we call it -  would be on or before the eighth of April, on or before -  so I think that that is kind of a mute point. I believe they've already got everything that we know of accomplished. They've got lower denominations already in the ATMs and in the in the shops  and so on and they celebrated .

And they just finished up another, you know, Islamic holiday they wrapped up. I believe that was Tuesday that that wrapped up. And so I think everything's ready from the perspective that we know of.

And then we're hearing from our Iraqi contacts, so we'll see. I think the main thing I wanted to get across the concept of when you call set your appointment, the fact that they are looking to call you back with your appointment time and date maybe, for verification

okay I call in, you'll go or gives you another number called a redemption center that's indicated by your zip code, and you get connected to a live person at the redemption center.

Ostensibly, this would be a person that would help you for your exchange redemption of zim. So that person takes your information down, and from what I understand, they contact you back two, three days later, the actual time  and date of  your  exchange – It’s like a confirmation of the  appointment.

This was totally new that I heard about yesterday  - completely new piece of the puzzle – and  we'll see how that comes together. That's what I'm hearing is going to happen. So we will see what that looks like. Until we get back, maybe they notify us by my phone call, and or email, but I understand we're supposed to call you back with your appointment time day, like a verification of it.

So let's see. Let's see what happens.

I think that's everything that I had independently covered tonight. And I feared when we're just close and we're almost one of the one of the sources we had that we were at the finish at the finish line, but we need to cross that we need to cross it. like you will run through the tape, so we're at the finish, and I've heard everything is done. Of course, we've heard that a lot of bad phrase, everything's done, but I believe it is finally done. And now we have to execute our part of it with faith and with action  once the numbers are available.

All right, thanks. Everybody really enjoyed the call tonight, and I hope you did too. I hope we all learned something, and now let's go ahead and pray the  call out.

 

Bruce’s Big Call Dinar Intel Thursday Night 4-3-25 REPLAY LINK   Intel begins   59:59

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH6DB

Bruce’s Big Call Dinar Intel Tuesday Night 4-1-25 REPLAY LINK   Intel Begins   1:09:09

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH445

Bruce’s Big Call Dinar Intel Thursday Night 3-27-25 REPLAY LINK   Intel begins   1:05:20

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH4b5

Bruce’s Big Call Dinar Intel Tuesday Night 3-25-25 REPLAY LINK   Intel Begins   1:11:11

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH4qh

Bruce’s Big Call Dinar Intel Thursday Night 3-20-25 REPLAY LINK   Intel begins   1:18:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH4eb

Read More
Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Friday Afternoon 4-4-25

Good Afternoon Dinar Recaps,

UK PRIME MINISTER SEEKING NEW US TRADE DEAL TO REMOVE TARIFFS

The United States took decisive action this week, announcing new 10% baseline tariffs on what President Donald Trump announced as the nation’s Liberation Day.’ Now, UK Prime Minister Keir Starmer is reportedly seeking a new US trade deal to remove the tariffs, according to a Washington Post report.

The announcement of new import taxes created a race to negotiate with the United States. Indeed, the economic policy saw Israel and India move swiftly to shift their duties on US goods in hopes of avoiding the reciprocal tariffsNow, Starmer is looking to reduce tariffs placed on Britain through a new deal with the Trump administration.

Good Afternoon Dinar Recaps,

UK PRIME MINISTER SEEKING NEW US TRADE DEAL TO REMOVE TARIFFS

The United States took decisive action this week, announcing new 10% baseline tariffs on what President Donald Trump announced as the nation’s Liberation Day.’ Now, UK Prime Minister Keir Starmer is reportedly seeking a new US trade deal to remove the tariffs, according to a Washington Post report.

The announcement of new import taxes created a race to negotiate with the United States. Indeed, the economic policy saw Israel and India move swiftly to shift their duties on US goods in hopes of avoiding the reciprocal tariffsNow, Starmer is looking to reduce tariffs placed on Britain through a new deal with the Trump administration.

UK Prime Minister Keir Starmer Eyes New US Trade Deal Amid Trump’s Liberation Day Tariffs

The United States made headlines this week when US President Trump announced a brand new wave of tariffs on all trade partners with the country. Indeed, the move wreaked havoc on the US stock market. In the two days since, it drove the Dow Jones Index down more than 2,000 points.

Yet, the decision was made by the administration to balance a trade system that the president says has long been unfair. That effort took a key step forward on Friday. Specifically, UK Prime Minister Keir Starmer is seeking a new US trade deal to remove the newly imposed tariffs.

According to the recent report, Starmer is “ready to make major concessions to reach a deal even as other countries rush to the trade barricades with reprisal tariffs, boycotts, and outages.” The UK has already cut tariffs on some imported US goods. Moreover, they are even prepared to lower the British taxes paid by US tech companies.

“Every country is calling us,” Trump told reporters Thursday. “Now, they will do anything for us,” he added. Now, all eyes will be on where things go from here. The action has undoubtedly brought the world closer to a trade war. If deals can be struck, then the global economy may yet be able to avoid the worst of it.

@ Newshounds News™
Source:  
Watcher Guru

~~~~~~~~~

BRICS: US DOLLAR PLUMMETS, GOLD TO SOAR IN BEST CASE SCENARIO FOR BLOC

The world got a rather surprising development this week when US President Donald Trump announced a new slate of Liberation Day tariffsThe move introduced a baseline 10% import tax on all trading partners, and the outcome has been dire. However, it may only help BRICS, as the US dollar has plummeted with gold set to soar in a best-case scenario for the alliance.

The collective has been outspoken in its continued pursuit of de-dollarization on a global scale. Throughout the last several years, the bloc has continued to seek out local currency promotion that lessened international reliance on the West. Moreover, it has fast-tracked its gold purchasing in what may pay off brilliantly amid the uncertain geopolitical climate.

US Dollar Drops as Gold Is Set to Surge in Best Possible Outcome for BRICS

At the start of his second term, US President Trump warned that the BRICS bloc would face 150% tariffs. Specifically, he sought to ensure the global reserve status of the US dollar and targeted any country engaging in efforts to undermine that. However, despite the conflict from the West, it may be the best possible outcome for the collective.

BRICS may be in a position to benefit as US President Trump’s Liberation Day tariffs have caused the US dollar to plummet, with the gold price set to soar. Indeed, Thursday saw the greenback fall to its lowest level in months as recessionary fears picked up.

JPMorgan Bank said that the country now faces 60% odds of facing a recession this year. Moreover, it combines with Deutsche Bank’s previous warning that the currency will face a “crisis of confidence” amid the new economic policy. Uncertainty in the global economic world means that gold will likely surge.

The metal has been on a tear so far this year. Throughout the first three months of the year, it has surged to an all-time high above $3,000. Moreover, experts are expecting the winning ways to continue. Recently, HSBC raised its average gold price projection for 2025 to $3,015 and $2,915. Indeed, that was a notable increase from its previous forecast of a $2,687 high-end average price.

@ Newshounds News™
Source:  
Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

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

More News, Rumors and Opinions Friday Afternoon 4-4-2025

KTFA:

Clare: Government calls for an urgent meeting with relevant parties to resume negotiations on Kurdistan Region oil exports.

 4/4/2025  Baghdad /

 The Ministry of Oil called for an urgent meeting with the concerned parties to resume negotiations on the export of oil from the Kurdistan Region.

The ministry said in an official statement on Friday, "We are working to ensure the proper implementation of the amendment to the budget law approved on February 2, 2025, so that exports can begin via the Iraq-Turkey pipeline as soon as possible."

KTFA:

Clare: Government calls for an urgent meeting with relevant parties to resume negotiations on Kurdistan Region oil exports.

 4/4/2025  Baghdad /

 The Ministry of Oil called for an urgent meeting with the concerned parties to resume negotiations on the export of oil from the Kurdistan Region.

The ministry said in an official statement on Friday, "We are working to ensure the proper implementation of the amendment to the budget law approved on February 2, 2025, so that exports can begin via the Iraq-Turkey pipeline as soon as possible."

It added, "The Iraqi government has taken concrete and serious steps to demonstrate its good faith in the negotiations and ensure the resumption of oil exports via the Iraq-Turkey pipeline." It noted Prime Minister Mohammed Shia al-Sudani's confirmation that selling oil through illegal frameworks outside the responsibility of SOMO and its sales mechanisms is an infringement on the rights of the Iraqi people. LINK

Clare:  One of them is "historic" and relates to electricity. Iraq is about to sign new agreements with the United States.

4/4/2025

Farhad Alaa Al-Din, the advisor to the Iraqi Prime Minister for Foreign Affairs, said that there is a "unique opportunity" for Baghdad and Washington to "deepen their partnership to enhance regional security, economic integration, and long-term stability." He revealed that a large delegation of American companies will arrive in the Iraqi capital next week to explore new opportunities in the Iraqi market.

In an article written by Farhad Ala'aldin in the English-language newspaper The National, translated by Shafaq News Agency, he said that he recently visited Washington, where a high-ranking US official informed him that the current administration's foreign policy is focused on making the United States safer, stronger, and more prosperous.

He added that this approach is entirely consistent with Iraq's aspirations and foreign policy, particularly with Prime Minister Mohammed Shia al-Sudani's vision of "Iraq First" and "common interest," indicating that this consensus can make Iraq more secure, stronger, and prosperous.

After noting that Iraqi-American relations have steadily grown in the areas of security, energy, and the economy, Farhad Alaa Al-Din wrote that, given the accelerating pace of economic recovery and comprehensive development in Iraq, particularly in the energy sector, the opportunities for major American companies to play a significant role in shaping this transformation have become greater than ever.

While Al-Sudani's advisor stated that these companies are well-positioned to leave a clear and influential mark and contribute to deepening and strengthening bilateral relations between the two countries, he explained that a large delegation of American companies will arrive in Baghdad next week to explore new opportunities in the rapidly growing Iraqi market. He noted that the US-Iraq Chamber of Commerce is leading this effort as part of a broader initiative to strengthen trade relations between the two countries.

Alaa El-Din also indicated that several memoranda of understanding and agreements are expected to be signed between these companies and their Iraqi counterparts.

While Alaa Eldin discussed American companies that play a significant role in developing the Iraqi energy sector, such as General Electric, KBR, Baker Hughes, Halliburton, and Honeywell, he noted that among the important opportunities expected to take place during the upcoming visit is the signing of a historic agreement between General Electric and the Ministry of Electricity to develop 24,000 megawatts of highly efficient power generation, to help bridge the significant gap in electricity demand in Iraq, which currently stands at approximately 48,000 megawatts.

The Prime Minister's advisor also discussed efforts to establish cross-border energy partnerships, including the completion of connecting 500 megawatts to the GCC electricity grid via Kuwait in 2025, while agreements with Turkey, Jordan, and Saudi Arabia are expected to contribute an additional 2,500 megawatts by 2027.

According to Alaa El-Din, American companies are also well-positioned to help address the "critical issue" of reforming Iraq's gas sector, reducing gas waste and environmental damage, and achieving Iraq's goal of energy self-sufficiency.

The government advisor continued, "Over the past two and a half years, Iraq has awarded more contracts to American companies than at any previous stage in bilateral relations, while economic cooperation between the two countries has witnessed a remarkable boom, ranging from agricultural imports, such as wheat and rice, to extensive infrastructure development."

Alaa El-Din also noted that the Iraqi government is currently focusing on accelerating major infrastructure projects in the transportation, water, and communications sectors, where American companies enjoy significant competitive advantages.

He added that it is clear for Baghdad and Washington that the path forward is determined by shared interests and obligations, adding that the trajectory of this relationship points to deeper cooperation based on mutual respect and agreed-upon strategic objectives.

According to the Iraqi official, looking to the future, there is a "unique opportunity" for Iraq and the United States to deepen their partnership to enhance regional security, economic integration, and long-term stability. He recalled that this vision was a key focus of the phone call between Al-Sudani and US President Donald Trump on November 8, following his election, in which the two leaders "expressed their commitment to strengthening the strategic partnership between Iraq and the United States and enhancing bilateral relations beyond security concerns, with a focus on cooperation in the fields of economy, finance, energy, and technology."

Alaa Al-Din concluded his article in The National by saying that this new chapter in Iraqi-American cooperation heralds a future of mutual prosperity, while shared interests in economic development and regional stability lay the foundations for a lasting partnership that serves both countries and contributes effectively to global security.  LINK

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

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

Frank26   [Iraq boots-on-the-ground report]  FIREFLY: Sammy says they are telling everyone on the television that they have seen the [budget] tables and there is no rate in it.  They are a bunch of liars. Of course there's a rate in it.  They are all clowns.  Sudani is hiding this from them.  FRANK:   Yes he is.

Mnt Goat   My impression of this news... the ongoing effort for the economic development in Iraq...is that this is Iraq’s time. Why am I only now showing excitement about this effort. This excitement comes because of all the components I see now coming together and I can see the writing on the wall of the end result.

All Markets Tanking, What's Next? | Todd "Bubba" Horwitz

Liberty and Fnance:  4-4-2025

https://www.youtube.com/watch?v=M7szuwl5qcA

(THE DESTROYER COMETH). THE TRADE WAR GOES NUCLEAR. STOCK MARKET IN FREEFALL DOLLAR DE@TH.

Greg Mannarino:  4-4-2025

https://www.youtube.com/watch?v=IFfq-aAI5vo

 

Read More
Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

Trust in the US Dollar is Eroding

Trust in the US Dollar is Eroding

Liberty and Finance:  4-3-2025

In a recent interview with Liberty and Finance, Miles Franklin CEO Andy Schectman delivered a compelling analysis of the current market landscape, reaffirming the enduring value of gold and silver as essential components of a well-rounded investment portfolio.

With global economies teetering and trust in traditional financial systems eroding, Schectman’s insights provide crucial context for understanding the role of precious metals in navigating an increasingly uncertain world.

Trust in the US Dollar is Eroding

Liberty and Finance:  4-3-2025

In a recent interview with Liberty and Finance, Miles Franklin CEO Andy Schectman delivered a compelling analysis of the current market landscape, reaffirming the enduring value of gold and silver as essential components of a well-rounded investment portfolio.

With global economies teetering and trust in traditional financial systems eroding, Schectman’s insights provide crucial context for understanding the role of precious metals in navigating an increasingly uncertain world.

Schectman addressed the anxieties swirling around the recent market volatility, emphasizing the historical stability and time-tested nature of gold and silver.

He argued that in times of crisis, when faith in fiat currencies and complex financial instruments falters, the inherent value of these metals shines through. This intrinsic value, independent of government policies and corporate performance, makes them a crucial hedge against inflation and economic downturns.

The discussion delved into the complex global flow of physical gold and silver, shedding light on the changing dynamics of supply and demand. Schectman pointed out the growing demand for physical metals in Eastern nations, particularly in China and India, where a cultural affinity for gold coupled with economic growth is driving significant accumulation.

 This shift in demand dynamics, he argued, is a key factor supporting the price of precious metals in the long run.

He also highlighted the potential vulnerabilities in the Western financial system, particularly concerning the availability of physical metals to back paper claims. The interview explored the potential for supply disruptions and the importance of owning physical metals rather than relying solely on paper representations.

A central theme of the conversation revolved around the erosion of trust in traditional financial institutions and government policies. Schectman argued that this decline in trust is a significant driver for individuals seeking refuge in tangible assets like gold and silver.

He also explored the geopolitical factors influencing the precious metals market, including international tensions, trade wars, and the potential for currency manipulation. He emphasized the importance of understanding these global forces and their potential impact on the value of gold and silver.

The interview transcended the technical aspects of investing, delving into the personal impact of owning gold and silver. Schectman shared compelling client testimonials, highlighting the sense of security and peace of mind that comes with possessing tangible wealth in uncertain times.

In conclusion, Andy Schectman’s insightful analysis paints a clear picture of the critical role gold and silver play in safeguarding wealth and navigating turbulent economic waters.

His emphasis on the enduring value of these tangible assets, coupled with his understanding of the global forces shaping the market, makes a compelling case for incorporating precious metals into any well-diversified investment strategy.

https://youtu.be/XJl9WI_Tc8g

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

Coffee with MarkZ and Mr. Cottrell. 04/04/2025

Coffee with MarkZ and Mr. Cottrell. 04/04/2025

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: TGIF…welcome to a weekend

Member: Good Morning…..Praying for some tangible progress today Mark. Give it to us!!!

Member: Waiting on this RV is making my hair gray..lol

Coffee with MarkZ and Mr. Cottrell. 04/04/2025

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: TGIF…welcome to a weekend

Member: Good Morning…..Praying for some tangible progress today Mark. Give it to us!!!

Member: Waiting on this RV is making my hair gray..lol

MZ: Got a report from redemption and wealth management folks …..they are working this weekend. But only a half day on Sunday…..not on Saturday

Member: MarkZ... I have close contacts in Japan and South Africa who are rumored to getting 4B Notifications starting today. Wealth Managers are calling in people and Paymasters. Their procedures are in play…hope it’s true.

MZ: Perhaps something is afoot. My last update is for groups to start taking in 4b somewhere around Tuesday …Things have been difficult for all of us right now….. News has been all up and down like a yo-yo.

Member: I wonder where we are with the bondholders ?

MZ: Here is a big one for you. “ASYCUDA representative to Rudaw: Iraq has completed the automation of 18 border crossings”  We were told they would secure their financial borders right before we went. They now have secure borders and I think this is an important piece.

MZ: “ APIKUR urges swift resumption of Kurdistan Region oil exports”  they desperately want that il to start flowing and are waiting on the rest of the arrangements to be made.

Member: It’s always something over there….sigh

MZ: I am hearing they are (once again) very close. I am hearing they hope to sign everything on Sunday for oil to start flowing Monday morning.

MZ: “Al-Asadi: A 100% Iraqi company will manage the development road project and be linked directly to the Prime Minister”  I love this one….All about sovereignty.  These huge projects will be managed and run by Iraqis.

MZ: “ Free Iraq from Iran act: US legislative efforts to curb Iranian influence”  US representative Joe Wilson , a Republican from S. Carolina introduced this bill and it is all about making Iraq sovereign and free and stable.

MZ: “ Investors react to Global selloff as Japan Banks tank”  They were already broken…Many nations have been artificially propping themselves up.

Member: Dow -1092 so far this morning

Member: I heard Klaus Schwab stepped down from the World Economic Forum. …that’s a BIG DEAL!

Member: I heard Iraq has until April 9th to reset their currency or face 39% tariffs. hmmm

Member: Is anybody else getting frustrated that we are just being stung along with this whole RV process.

Member: This has sure been a long movie.

MZ: I am ready for our happy ending.

Member: While Garth Brooks has friends in low places. I have friends who are going places.

Member: This weekend Please Mark!! Let’s make this happen… we all need to think it in….

Member: RV was always said to run east to west. We should hopefully hear something in the U.S. by next week!

Member: If Japan & SA are getting 4B notifications, we should hear something next week? East to West as they always said, right? Fingers crossed

Mod: BREAKING NEWS: MarkZ's WEEKEND email address: Don't Write Me@NeverOnWEEKENDS.Com SERIOUSLY, MARK NEEDS A LITTLE TIME FOR HIMSELF FOR REST AND REC. THANK YOU!!

Member: Enjoy your Friday everyone.

Mr. Cottrell joins the stream today. Please listen to the replay for his information and opinions.

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

https://www.twitch.tv/theoriginalmarkz

https://rumble.com/user/theoriginalmarkz

Kick:  https://kick.com/theoriginalmarkz

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.

THANK YOU ALL FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:    https://www.youtube.com/watch?v=MCNiPZZ_n68

 

Read More
Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Friday Morning 4-4-25

Good Morning Dinar Recaps,

COINBASE SAYS FDIC NOT COOPERATING WITH EXCHANGE’S FREEDOM OF INFORMATION REQUEST IN NEW COURT FILING

Coinbase’s legal representatives say the U.S. Federal Deposit Insurance Corporation (FDIC) hasn’t been cooperating with Freedom of Information Act (FOIA) requests.

Coinbase has been attempting to leverage FOIA to uncover instances of the FDIC asking banks to freeze crypto services, known as “pause letters,” but the top US crypto exchange says the regulator hasn’t been complying with its information requests.

Good Morning Dinar Recaps,

COINBASE SAYS FDIC NOT COOPERATING WITH EXCHANGE’S FREEDOM OF INFORMATION REQUEST IN NEW COURT FILING

Coinbase’s legal representatives say the U.S. Federal Deposit Insurance Corporation (FDIC) hasn’t been cooperating with Freedom of Information Act (FOIA) requests.

Coinbase has been attempting to leverage FOIA to uncover instances of the FDIC asking banks to freeze crypto services, known as “pause letters,” but the top US crypto exchange says the regulator hasn’t been complying with its information requests.

Paul GrewalCoinbase’s chief legal officer, claims the pause letters were part of “Operation Choke Point 2.0,” an alleged attempt by Biden Administration government regulators to stifle the crypto industry.

The exchange hired the law firm History Associates, which filed a motion in January asking a federal court to intervene.

The following monththe court paused the FDIC’s deadline to respond to History Associates’ amended FOIA complaint “so that the parties could engage in a biweekly, informal information-sharing process,” according to the law firm.

Coinbase’s legal representation has requested information regarding the FDIC’s response to its FOIA requests, specifically concerning the regulator’s policy or practice of “failing to conduct complete searches of all relevant databases and failing to take adequate steps to preserve responsive documents.”

In a new motion filed this weekHistory Associates now says the FDIC is “unwilling to cooperate” with these FOIA requests.

“The only viable path forward is for the case to resume and proceed to litigation of the merits.”

Last month, the FDIC released redacted documents related to its supervision of crypto-related activities, which include pause letters sent to 24 banks as well as communications and records involving other regulated institutions.

House Oversight Committee Chairman James Comer (R-KY) subsequently sent a letter to FDIC Acting Chairman Travis Hill requesting unredacted copies of the documents.

@ Newshounds News™
Source:  
DailyHodl

~~~~~~~~~

BRICS: 2 COUNTRIES OFFICIALLY LOOK TO TRADE IN LOCAL CURRENCIES

BRICS members Brazil and China have officially agreed to settle cross-border payments in local currencies rather than the US dollar. Brazilian authorities support expanding the use of national currencies and are looking at opportunities to increase the payment option. The Luiz Lula da Silva administration is gearing up to end reliance on the US dollar before the upcoming summit.

BRICS: Brazil & China Look at Local Currencies For Trade Settlements

Both the BRICS members Brazil and China are drawing plans to push local currencies forward for mutual payments. Brazil’s Secretary of the Finance Ministry Tatiana Rosito said that some trade between the two countries is already being settled in national currencies and not the US dollarLula da Silva had previously stated that the alliance must slowly end dependency on the US dollar.

“The trade in local currencies is already underway, for example, between Brazil and China,” said Rosito. She added that Brazil fully supports using local currencies and is chalking out plans to make it a reality. “No obstacles exist to that on the side of Brazil,” the official said.

“Therefore, the goal of BRICS is to expand the use of local currencies in any way that will make it possible to reduce costs and will be of interests for association’s members,” said Rosito. She also highlighted how the BRICS bank ‘New Development Bank’ helps the alliance bypass the dominance of the US dollar.

“Opening of this bank reflects the aspiration of BRICS members to proactively participate in transformation of the economic and financial order,” using local currencies, Rosito summed it up. In conclusion, the de-dollarization agenda is alive and thriving in 2025 as the alliance members are forging new ties.

@ Newshounds News™
Source:  
Watcher Guru

~~~~~~~~~

INSTITUTE OF PEACE’ DELETED ONE TERABYTE OF DATA TO COVERUP THEIR CRIMES, BUT DOGE FOUND IT…  |  Revolver

@ Newshounds News™

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Read More
Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8

Do I Have to Worry About Gift Tax?

Do I Have to Worry About Gift Tax?

If I Give My Child $30,000 Towards Their Wedding, Do I Have to Worry About Gift Tax?

Mark Henricks  Sat, July 27, 2024   SmartAsset

Imagine your child is getting married and you want to help pay for their wedding. You’ve been saving for years and now have $30,000 set aside for their big day, which you plan to hand over in the form of a check.

However, before you pass along that much cash, it’s important to understand the potential tax implications of making a $30,000 gift. A gift that size could require you to pay the federal gift tax, which can reach up to 40%. The good news is you may avoid paying gift taxes altogether, but there are reporting requirements and other limitations to keep in mind. Consult a financial advisor to minimize your gift tax obligations.

Do I Have to Worry About Gift Tax?

If I Give My Child $30,000 Towards Their Wedding, Do I Have to Worry About Gift Tax?

Mark Henricks  Sat, July 27, 2024   SmartAsset

Imagine your child is getting married and you want to help pay for their wedding. You’ve been saving for years and now have $30,000 set aside for their big day, which you plan to hand over in the form of a check.

However, before you pass along that much cash, it’s important to understand the potential tax implications of making a $30,000 gift. A gift that size could require you to pay the federal gift tax, which can reach up to 40%. The good news is you may avoid paying gift taxes altogether, but there are reporting requirements and other limitations to keep in mind. Consult a financial advisor to minimize your gift tax obligations.

Federal Gift Tax at a Glance

The federal gift tax applies when you transfer money or property to someone else without receiving something of equal value in return. Gift tax rates range from 18% to 40% based on the size of the gift.

However, not all gifts trigger this federal tax. The IRS allows you to give away up to $17,000 ($34,000 for married couples) per year to each individual without owing any taxes on the gift. This is called the annual exclusion, and in 2024 it will increase to $18,000 per person.

However, gifts that exceed this annual exclusion aren’t necessarily taxed either. Instead, they reduce the amount of money or property you can give away tax-free over the course of your lifetime. This lifetime limit is known as the basic exclusion amount or lifetime exemption and it’s adjusted each year for inflation.

The gift tax only applies when you exhaust your lifetime exemption. In 2023, a person can give away up to $12.92 million over the course of their lifetime without triggering the gift tax (this will increase to $13.61 million in 2024). For example, if someone were to give away $13 million, they would pay gift taxes on only $80,000. And if you need additional help planning for major gifts, consider matching with a financial advisor.

How the Gift Tax Could Affect a $30,000 Wedding Gift

If you want to give a child $30,000 to help pay for a wedding, there are a few different ways it could be structured.

As a gift solely from you to your child, a $30,000 wedding gift would avoid most tax liability on its own. The gift only exceeds the $17,000 annual exclusion for 2023 by $13,000, so that’s all that could potentially be taxable if you’re single.

If this is your first time exceeding the annual exclusion, there’s more good news. In that case, the $13,000 excess would simply reduce your $12.92 million lifetime exclusion by that amount. You would not actually have to pay any gift tax unless you exceed your remaining lifetime exclusion, though you still have to fill out Form 709.

Alternatively, you could gift both your child and their future spouse $15,000 each and avoid the annual exclusion threshold (remember, you can gift up to the annual exclusion amount per year per person).

To make sure you structure your gifts in your best interest, talk it over with a financial advisor.

How to Avoid Gift Tax on a $30,000 Wedding Gift

TO READ MORE: https://www.yahoo.com/finance/news/worry-gift-tax-pay-30-122213443.html

Read More