We’re Witnessing the Collapse of a Fake Financial System | Ron Paul

We’re Witnessing the Collapse of a Fake Financial System | Ron Paul

Kitco News:  4-3-2025

NOTE TO OUR VIEWERS: We’re aware that Dr. Ron Paul’s internet connection during this interview was less than ideal. While we made every effort to improve the signal during recording, we believe the message and content of this conversation is too important not to share.

We appreciate your understanding and thank you for watching.

Gold just broke above $3,100 an ounce — its strongest quarter since 1986. Fort Knox audit calls are trending. Inflation continues to hit savers hard.

And Elon Musk’s government downsizing initiative, DOGE, faces sunset amid controversy. In this interview, Dr. Ron Paul, former Congressman, presidential candidate, and founder of the Ron Paul Institute, joins Jeremy Szafron, Anchor at Kitco News to break down what he sees as the collapse of America’s fiat system, the Federal Reserve’s role in “moral bankruptcy,” and why the U.S. dollar may be nearing its breaking point.

Key Topics:

– The gold price surge and what it signals

– Why the Fed is “the head of the hydra”

 – If the U.S. will ever truly audit Fort Knox

– Elon Musk’s DOGE initiative: real reform or political theater?

– The risk of geopolitical flashpoints with Iran and China

 – His warning of liquidation, riots, and systemic reset

– The future of liberty, truth, and sound money

00:00 Introduction

00:58 Gold's Surge and Economic Implications

 05:34 Geopolitical Flashpoints: Iran and China

07:54 Economic Policies and Tariffs

12:07 Doge Experiment and Government Downsizing

 17:19 Transparency and the Federal Reserve

23:42 Conclusion

https://www.youtube.com/watch?v=0fvHlr9oA_E

Keith Weiner: 2025 is the Perfect Storm for Gold

Keith Weiner: 2025 is the Perfect Storm for Gold

Palisades Gold Radio:  4-2-2025

Tom Bodrovics welcomes back Keith Weiner for a discussion on the growing interest in gold as a hedge against economic instability and the risks associated with fiat currencies.

Weiner highlighted that while some investors are drawn to gold due to its rising price momentum, others view it as a long-term insurance against the flaws inherent in government-backed money.

He explained that governments often borrow without a clear plan to repay, leading to an unsustainable debt situation. This has led individuals and countries to seek alternatives like gold, which is seen as a stable store of value unaffected by monetary policy or political whims.

 Weiner also touched on the concept of "zombie credit," where corporations struggle to service their debts, particularly in the face of rising interest rates. The conversation delved into the geopolitical implications of de-dollarization and how countries are increasingly recognizing the limitations of relying solely on the US dollar for trade and reserves.

Despite efforts by governments to create alternative currencies or payment systems, Weiner argued that these initiatives often fail due to a lack of trust and cohesion among nations.

Additionally, Weiner discussed the impact of tariffs on global trade and their effect on debt servicing, noting how such policies can exacerbate financial instability.

He also explored the differences between gold and silver markets, emphasizing that gold is more attractive to institutional investors as it offers a hedge against broader economic risks without the same level of volatility or storage challenges.

Throughout the interview, Weiner emphasized the fundamental drivers behind gold's rise, including the decline in confidence in fiat currencies, the increasing debt levels globally, and the search for safe-haven assets.

He concluded by noting that while gold faces short-term corrections, its long-term bullish trajectory remains intact due to ongoing structural economic issues and the relentless demand from both individual and institutional investors seeking stability amidst uncertainty.

In summary, the interview underscored the role of gold as a critical hedge against an increasingly unstable financial landscape, driven by flawed monetary policies, geopolitical tensions, and the search for safe-haven assets.

Talking Points From This Episode

0:00 - Introduction

0:38 - 2025 Gold Outlook

7:25 - The Dollar Vs. Gold

13:20 - Fiscal Responsibility

 19:46 - Dollar System & Debt

25:58 - Usefulness of Tariffs?

30:25 - Fed & Inflation Fight

35:49 - Rates & Defaults

39:18 - Perfect Storm for Gold?

 40:54 - Gold Vs. Silver Demand

45:00 - Metal Demand & London

51:20 - Gold Spreads & Traders

 53:42 - Gold Bull Outlook

56:14 - Wrap Up

https://www.youtube.com/watch?v=xT8tKssAZX0

Iraq Economic News and Points to Ponder Thursday Afternoon 4-3-25

 Al-Sudani's Advisor Clarifies: Are Iraqi Oil Exports Covered By Trump's Tariffs?

Money and Business   Economy News – Baghdad  The Prime Minister's advisor for foreign relations, Farhad Alaa Al-Din, confirmed on Thursday that Iraqi energy exports, including crude oil, are not covered by the tariffs imposed by US President Donald Trump, while noting that the economic impact on Iraq is very limited.

Alaa El-Din said, "In light of the recent announcement by US President Donald Trump regarding the imposition of reciprocal tariffs on a number of countries around the world, we would like to clarify that Iraqi energy exports, including crude oil, are not subject to these tariffs."

He added, "Iraq currently exports between 7 and 8 million barrels of crude oil and its derivatives per month to the United States. These exports constitute the backbone of Iraqi exports and have not been affected by the recent customs measures."

He continued: "As for the rest of Iraqi exports, they are limited in size and scope, which means that the economic impact of these tariffs on Iraq will be extremely limited."

He stressed that "the strategic partnership between Iraq and the United States remains solid and strong, and that these measures will not affect the essence of the economic or diplomatic relationship between the two countries." He noted that "Iraq continues its commitment to deepening cooperation with the United States in various sectors, particularly in the areas of energy, investment, and enhancing regional stability."   https://economy-news.net/content.php?id=54050

Iraqi Oil Prices Decline On The Global Market

economy | 09:29 - 03/04/2025  Mawazine News – Baghdad  Basra Medium crude oil reached $74.77 per barrel, while heavy crude oil reached $71.72 per barrel.

Data showed a slight increase in global oil prices, with British Brent crude reaching $73.12 per barrel, while US West Texas Intermediate crude oil reached $69.86 per barrel.
https://www.mawazin.net/Details.aspx?jimare=260503

Iraqi Oil Prices Decline On The Global Market

economy | 03/04/2025  Mawazine News – Baghdad  Basra Medium crude oil reached $74.77 per barrel, while heavy crude oil reached $71.72 per barrel.

Data showed a slight increase in global oil prices, with British Brent crude reaching $73.12 per barrel, while US West Texas Intermediate crude oil reached $69.86 per barrel.
https://www.mawazin.net/Details.aspx?jimare=260503

Iraq Preempts OPEC By Reducing Its Oil Production

Time: 04/02/2025 Read: 2,205 times  {Economic: Al Furat News} The Organization of the Petroleum Exporting Countries (OPEC) reduced its crude oil production last month, by reducing production from Iraq and Nigeria, just before the group began implementing long-delayed plans to restore previously suspended oil supplies.

Bloomberg reported that OPEC cut its production by 110,000 barrels per day, bringing it to 27.43 million barrels per day. OPEC leaders urged member states to adhere to the specified production quotas, a requirement some countries have not yet complied with.

Starting this month, the OPEC+ alliance, led by Saudi Arabia and Russia, intends to begin gradually increasing production after a significant portion of it had been halted for several years, as part of the alliance's efforts to support oil prices.

The change came after US President Donald Trump called on OPEC to "bring down the price of oil," and some delegates said the group's leaders had lost patience with countries like Kazakhstan, which repeatedly exceed their production quotas.

A Bloomberg survey showed that Nigeria made the largest production cut among the coalition countries last month, cutting 50,000 barrels per day to an average of 1.5 million barrels per day, in line with its quota. Shipments of Nigerian Bonny Light crude are facing delays due to a fire on the Trans-Niger pipeline.

Iraq came in second place after reducing its production by 40,000 barrels per day to 4.15 million barrels per day, bringing it closer to the agreed-upon ceiling. However, Baghdad still exceeds the four million barrel limit and has made only limited progress on the additional cuts it pledged to compensate for previous overproduction.

The United Arab Emirates increased its production by 30,000 barrels per day, reaching 3.33 million barrels per day, exceeding its agreed-upon ceiling, according to the survey.

Data used by the OPEC Secretariat, compiled from a range of external sources, shows that both Iraq and the UAE are approaching their agreed production levels.

OPEC+ is scheduled to add about 138,000 barrels per day this month, the first in a series of gradual additions that will continue until late 2026. The alliance is expected to decide in the coming days on the next tranche, scheduled for May, and several delegates said they expect to proceed with it.

The Bloomberg survey is based on ship-tracking data, information from officials, and estimates from consulting firms Rapidan Energy Group, FGE, and Rystad Energy.  LINK

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

3 ‘Horrible’ Pieces of Tax Advice, According to The Money Guy Show

3 ‘Horrible’ Pieces of Tax Advice, According to The Money Guy Show

Catherine Collins  Tue, April 1, 2025  GOBankingRates

The financial advisors behind the podcast ‘The Money Guy Show‘ recently reviewed popular TikTok tax hacks that are actually terrible money advice. In addition to being financial advisors, hosts Brian Preston and Bo Hansen are also accountants, so listeners can benefit from hearing their advice about what is and isn’t allowed when you file your taxes.

While the hosts aren’t against tax planning, many of the TikTok tax strategies they reviewed are less about planning and more about being misleading or even committing fraud. Many people turn to ‘The Money Guy Show’ for financial lessons that aren’t boring. So, if someone is interested in lowering their tax bill, this is a show to follow.

What’s important to remember is that if people need to get tax advice, they should follow the advice of an accountant. Not everything you see on TikTok is true, but sometimes people get excited about ways they can save money. Unfortunately, not all ways are valid.

Here are a few examples of bad Tik Tok tax advice, according to the pros at ‘The Money Guy Show.’ Also, learn how to avoid bad financial advice on social media.

Lease a Range Rover and Write It Off

The Money Guys reviewed a video where Grant Cardone told viewers they could write off a $150,000 Range Rover “100%” so long as they use it for business.

The IRS does have rules about using a car for business purposes, but how you can only deduct the business portion of how you use it.

The Money Guys explained you have to carefully track your mileage to write off a car as a business expense — you can’t write off any driving for personal use. Preston also pointed out, “‘Deductible’ is not ‘free.’ … You’re still paying 60 cents on the dollar.”

TO READ MORE:  https://finance.yahoo.com/news/3-horrible-pieces-tax-advice-130313620.html    

Ariel : Liberation Day, Iraq Tariffs, Historic Milestone

Ariel : Liberation Day, Iraq Tariffs, Historic Milestone

4-3-2025

April 2nd

Today is the day ladies & Gentlemen.

Liberation Day!

What does this truly mean for humanity?

We are no longer being stripped dry of resources with no reciprocal equal return?

We are no longer paying foreign countries with aide that has no residual impact on our investments?

Today we get to stand firm on a future that is not yet here. A solid foundation that is a launch pad to an entire different way of living.

Does it mean that domestic energy and manufacturing surge as resource extraction prioritizes American soil, cutting reliance on foreign exploitation and ending the one-way drain of wealth?

Does it mean that billions once funneled to overseas regimes with no return $50 billion annually, per 2024 estimates redirect to infrastructure, slashing debt and boosting local economies?

Does it mean that tariffs and renegotiated deals force equal exchange exports like tech and agriculture ($300 billion in 2024) now matched by imports that don’t gut American jobs?

Does it mean that a shift from dollar hegemony begins, with gold-backed or blockchain alternatives curbing inflation consumer prices, up 20% since 2020, stabilize for the first time in decades?

We will not have long to find out.

Announcements?

Let’s see what happens.

Iraq will be getting hit with 39% Tariffs.

You know the saying…pressure bust pipes.

Its only a matter of time.

Gina H: Where did you see that? It’s not on the list he gave during the speech.

Suzie-Q: 

Did you know that Iraq’s Central Bank confirmed a historic milestone. It was reported that their foreign reserves now cover more than 100% of the dinar in circulation. Donald Trump put that fire under their a***s. Looks like they are ready to pull the trigger at any moment

Source(s):
https://x.com/Prolotario1/status/1907406357177012230

https://dinarchronicles.com/2025/04/03/ariel-prolotario1-liberation-day-iraq-tariffs-historic-milestone/

Thursday Coffee with MarkZ. 04/03/2025

Thursday Coffee with MarkZ. 04/03/2025

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: Good Morning….. Well, here we are……another Thursday

Member: I’m getting excited! World markets tumbled overnight and ours is down 1200 points already! Good morning everyone!

Member: Possible Market crash on the way……and new financial system???

Member: Dow down -1556

MZ: There is going to be a lot of adjustments going on…especially in global trade. The whole world is changing….just watch it.

Member: MZ, this could be the correction in the market we have been waiting on to RV?

MZ: We are seeing a correction…and not a crash.

Member: This should speed up going to an asset back currency??

MZ: IMO we are watching the reset happening right now- right in front of our eyes.

Member: So other countries have high tariffs on us and we now reciprocate which I see is fair. However, why don’t these other countries just lower the tariffs and USA do the same?

Member: That is the plan.

Member: Mark, big picture is Trump is forcing the world to move into GESARA. Equal playing field, parity on currencies and no backroom deals.

Member: Trump posted  this morning about the 'Operation' is over and the patient is going to heal!!!!!!!!!

MZ: Before they “reset” and get new dollars…you have to change/fix the economy otherwise you are just putting a bandaid on it. They are actually fixing the problem now.

Member: So many ppl don't get how the tariffs work and are upset about it. Most don't want you to "educate" them either, they would rather be upset

Member: Many economists and members of the Trump Administration started talking about currency manipulation and fair trade yesterday…..encouraging

Member: ​​yesterday Trump mentioned currency manipulation out of Vietnam?? And needing them to raise the rates of the VND.

Member: Do you think we will get to the end of this before Easter?

MZ: Based on everything I am seeing…banker movement, bond movement ect…I think bond folks really are in their big week right now. My gut feeling is April is our month.

MZ: last night I told you it appears that they are moving more and more bond transactions out of Reno to other locations……Many are going to Europe to exchange. I thought that was interesting. They appear to be getting all the exchanges out of Reno because of intel leaks.  Just my opinion.

MZ: “Sudanese advisor: Iraq’s oil export are not covered by US tariffs”  Tariffs really won’t affect Iraq negatively. Iraq has been charging the Us about 78% tariffs to bring US dollars in. the US is chaging Iraq half of what they are charging us….but oil is exempted.

Member: Was wondering if the tariff on Iraq would force them to revalue to pay the tariff. If I understand correctly you're saying no??

Member: Are Redemption Centers working today and this weekend??? Word was they were fully manned yesterday and awaiting 800 number release.

MZ: I do not have an update from them yet.

Member: is it still on the table, bonds exchange in fiat and currency gets commodity backed?

Member: I thought  bonds were to be paid in fiat and reset for currency into commodity backed currency

Member: What is a whale?

MZ:  There are currency whales and bond whales….they have spent $100,000 or more buying currency or bonds. These are at “Whale levels” I know people who have spent millions of dollars on this.

Meber: The live stream for Fort Knox could be the public day. I understand that if it's short or empty, that would collapse the economy.

Member: Anyone know what day the Fort Knox Audit is being done? Hope its soon.

Member: I think we see trump announce audit of fort knox in coming days

MZ: It will be all over the news when that happens. We won’t have to hunt for it.

​​Member: Trump has said several times, "Easter is our timeline."

MZ: The easiest time of year to open the St. Germaine trust is Easter and Christmas.

Member: Easter is April 20th….all we can do is hope.

Member: Easter to us Christians is known as Resurrection Day.

Member: Thank you to Mark and our Mods for this wonderful community.

Member: Have a wonderful blessed day everyone…..

Stacie Z joins the stream today. Please listen to the replay for her information.

Mot: PLEASE CONSULT WITH A PROFESSIONAL FOR ANY TYPE OF FINANCIAL & MEDICAL ASSISTANCE.

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

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL  TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!  FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:     https://www.youtube.com/watch?v=6014YCq6WGs

News, Rumors and Opinions Thursday 4-3-2025

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 Thurs. 3 April 2025

Compiled Thurs. 3 April 2025 12:01 am EST by Judy Byington

Possible Timing, Global Currency Reset:

On Tues. 25 March 2025 President Trump (Allegedly) activated the new gold/asset- backed Global Quantum Financial System (QFS) powered by XRP.

Tues. 25 March 2025 Mr. Pool: Reports from Reno suggest that the first batches of ZIM holders have been escorted under military guard to classified exchange points. https://t.me/Official_MrPool

On Tues. 25 March at 2am EST Tier 3 and T4a Paymasters were (allegedly) made LIQUID. …Mel on BOOM Call https://youtu.be/VSmR4LfsfYs

Thurs. 27 March 2025 Bruce: Bond Holder Paymasters were saying Bond Holders would have access to their accounts last weekend. As of ten am Thurs. 27 March 12% of Bond Holders had gone through. Multiple sources said Tier4b (Us, The Internet Group) would likely get notification to set appointments very soon. The full revaluation will (allegedly) happen after Tues. 1 April 2025. The month of April will see an increase in Social Security payments. On Thurs. 27 March the 800 number was being loaded into the various systems.

On Mon. 31 March 2025 Nesara Gesara was (allegedly) made official throughout the World. …White House Post on Telegram

On Mon. 31 March 2025 a high level contact reported that Tier4a (SKRs, Groups) started exchanging today Mon. 31 March. They anticipated that Tier4b (Us, the Internet Group) would begin exchanges by around Thurs. 3 April.

~~~~~~~~~~~

Wed. 2 April 2025 Freedom Day: SUMMARY OF PRESIDENT TRUMP’S RECIRPOCAL TARIFF ANNOUNCEMENT: …Capt.Kyle Patriots on Telegram

1. Tariffs imposed on 50+ countries in announcement
2. Tariffs are 50% of rates imposed on US, by country
3. 10% baseline tariff on all countries worldwide
4. 25% auto tariffs on all foreign made vehicles
5. Trump says tariffs will “give the US growth”
6. Trump plans to announce “largest tax cut in US history”
7. Baseline tariffs go into effect April 5th
8. Reciprocal tariffs go into effect April 9th

This is the largest tariff announcement in US history.

Read full post here:  https://dinarchronicles.com/2025/04/03/restored-republic-via-a-gcr-update-as-of-april-3-2025/

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

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

Frank26  The first week, the beginning of a new quarter of April cannot be wasted again.  If it is, shame on Iraq.  

Frank26    [Iraq boots-on-the-ground report]  FIREFLY:Sammy says after the COM is finished with the [budget] tables then it will go to parliament but by then it's too late for payment to [mess] around with it...He says when the COM is finished, we could very well see Alaq give us the rate before it even goes to parliament.

Walkingstick  You have to understand the Asraflak is a campaign that is going to come out for the next two months.  Inside this campaign there's also a software...entitled 'spend it'.  This is a program that transfers money at an instant speed of time.  It is done through a digital program that delivers instantly a receipt.  'Spend It' is not at 1310 IMO.  Spend It is an American term.  It is not an Arabic term used in banks...It is also a financial literacy program..

Germany Expresses Concern About Their Gold Held By The Fed

Arcadia Econoics:  4-2-2025

As the reciprocal tariffs are finally set to go into effect, Germany is also expressing concern about the safety of their gold being held by the Fed.

At the same time that even the Trump administration is less than sure about the safety of the US gold. Vince Lanci explains, and shares what to expect with the new tariffs.

 And to find out more, click to watch the video now!

https://www.youtube.com/watch?v=IbHUPWw5uxo

Iraq Economic News and Points to Ponder Thursday AM 4-3-25

World Gold Council: 29% Of Central Banks Plan To Purchase Gold By 2025
 
Economy     gold     buying     countries   2025-04-01 00:20  Shafaq News/ The World Gold Council confirmed on Tuesday that 29% of countries' central banks intend to purchase the precious metal in 2025. The council said in a report seen by Shafaq News Agency that
 
"29% of countries' central banks intend to purchase gold during the current year," noting that  
"the purchases are due to the desire to restore balance to a more strategic level in these reserves, 
     financial market concerns, as well as the increased risks of crises and rising inflation."

He added that   
"gold continues to attract the attention of central banks as a reserve asset," noting that
 
"increasingly complex geopolitical and financial factors make managing gold reserves more important than ever." He pointed out that
 
"central banks added

     1,037 tons of gold in 2023, the second-highest annual purchases in history, after setting a record of

     1,082 tons in 2022."
 
Iraq has gold reserves of 162.7 tons,
 
ranking 28th among countries with the highest reserves of the precious metal.  
  
https://shafaq.com/ar/اقتصـاد/المجلس-العالمي-29-من-البنوك-المركزية-للدول-تعتزم-شرا-الذهب-العام-2025    

Gold Prices Rise Ahead Of US-China Tariffs

Wednesday, April 2, 2025 | Economic Number of reads: 189  Baghdad / NINA / Gold prices extended their gains on Wednesday, after hitting a record high in the previous session, as investors sought a safe haven in the yellow metal in anticipation of the potential impact of mutual tariffs between the United States and China.

The price of spot gold rose 0.7% to $3,131.25 per ounce, as of 02:40 GMT.

The price of gold reached an all-time high of $3,148.88 on Tuesday.

US gold futures rose 0.4% to $3,159.90.

Philip Newman, managing director of Metals Focus, said: "The main reason behind these consecutive record highs is safe haven buying, and the geopolitical uncertainty that supports this shows no signs of abating."

Some of the uncertainty that has rocked markets this year is expected to dissipate after President Trump unveils his tariff plan on Wednesday.

Newman said that a slowing US economy, a potential rise in inflation, and lower interest rates could pave the way for gold to reach $3,300 in the coming months.

Markets are in suspense ahead of US tariffs scheduled to be imposed later today, which President Donald Trump has dubbed "Liberation Day."

Trump's tariff policies could exacerbate inflation, slow economic growth, and escalate trade disputes.

Gold is considered a hedge against global instability and inflation and thrives in a low interest rate environment.

Spot silver rose 0.2% to $33.82 an ounce, platinum gained 0.8% to $987.66, and palladium advanced 0.7% to $990.45. /End   https://ninanews.com/Website/News/Details?key=1195305

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

Seeds of Wisdom RV and Economic Updates Thursday Morning 4-3-25

Good Morning Dinar Recaps,

CIRCLE FILES FOR INITIAL PUBLIC OFFERING, PLANS TO LIST ON NYSE UNDER TICKER SYMBOL “CRCL”

Circle files for an IPO to list on the NYSE under the ticker "CRCL" with a focus on growing stablecoin revenue and market presence.

▪️Circle files for an IPO aiming to list on the NYSE under the ticker symbol “CRCL” with uncertain share pricing.

▪️Circle reports $1.68 billion in revenue for 2024 driven by interest from USDC reserve assets.

▪️Circle’s IPO marks its first attempt at a traditional public listing after a failed SPAC merger.

Circle, the issuer of the USD Coin (USDC), has officially filed an S-1 application with the Securities and Exchange Commission (SEC), signaling its intent to go public. The firm submitted its filing on April 1 which reveals its intention to trade Class A common stock on the New York Stock Exchange under the market identifier “CRCL.”

The filing did not reveal the number of shares Circle plans to offer or the anticipated pricing range. As a result, the company’s valuation remains uncertain. However, it was disclosed that the shares sold by Circle will contribute proceeds directly to the company, while those sold by existing shareholders will not.

Underwriting duties for the IPO are being led by JPMorgan and Citigroup. The firms hold a 30-day right to buy extra shares for any portion exceeding original subscription levels.

Financial Performance and Revenue Growth

Circle’s financial data for 2024 offers a closer look at its performance. The company reported total revenue and reserve income of $1.68 billion, an increase from $1.45 billion in 2023. The bulk of its revenue came from reserve income tied to interest on assets backing the USDC. Operating expenses for the year amounted to $491.7 million, with compensation costs making up the largest portion at $263.4 million.

The net income from continuing operations at Circle reached $156.9 million last year despite a decrease from $271.5 million the previous year. The financial results showed a notable improvement compared to the previous year when Circle recorded a loss of $761.8 million. Adjusted EBITDA financial results for Circle reached $284.9 million in 2024.

Share Structure and Corporate Governance

Circle intends to adopt a three-tier share structure once it goes public. Class A shares, offered in the IPO, will carry one vote per share. Class B shares, which are held by co-founders Jeremy Allaire and Patrick Sean Neville, carry five votes per share. However, these shares are capped at 30% of total voting power. Class C shares carry no voting rights but are convertible under certain conditions.

This structure ensures Circle does not qualify as a “controlled company” under NYSE governance rules following the IPO.

A New Attempt at Going Public

This filing marks Circle’s first attempt at a traditional IPO after its failed merger with a special purpose acquisition company (SPAC) in 2021. The company’s shares have no prior public market. The timing of the IPO coincides with growing stablecoin adoption and increasing regulatory interest in digital dollar infrastructure.

Circle’s IPO remains subject to regulatory review and market conditions. More details on the pricing and share volume will be disclosed in an updated filing before the listing date.

@ Newshounds News™

Source:  CryptoNewsLand

~~~~~~~~~

STABLECOIN TRANSPARENCY BILL PASSES HOUSE COMMITTEE WITH OVERWHELMING VOTE

The STABLE Act has cleared the House Financial Services Committee, even as scrutiny of Trump-linked stablecoin ventures mounts.

The House Financial Services Committee voted to advance stablecoin legislation Wednesday, approving the STABLE Act with 32 members in favor and 17 opposed.

The bill, formally named the Stablecoin Transparency and Accountability for a Better Ledger Economy Act, would create a framework for dollar-denominated stablecoins, including reserve requirements and anti-money laundering standards.

During the markup session's opening remarks, House Financial Services Committee Chair French Hill stressed how blockchain technology "continues to transform the way money moves."

Hill stated that the bill forms part of their "ongoing efforts" to promote "financial innovation through sound digital asset policy. "

The vote proceeded despite controversy over President Donald Trump's family's connections to crypto ventures, including their foray into stablecoins with USD1 through World Liberty Financial.

Early in the session, Democrats raised concerns about potential conflicts of interest, suggesting amendments to prevent the president and cabinet members from offering stablecoin products while in office.

Those concerns connect with an earlier statement by Rep. French Hill from Monday that Trump's crypto dealings have made drafting stablecoin legislation "more complicated."

The legislation now faces two more hurdles before becoming law. After the markup, it will be reported out of committee and scheduled for consideration by the House of Representatives.

Both the House and Senate must align their approaches, with key differences in state versus federal regulation and the treatment of foreign issuers such as Tether.

The GENIUS Act, a separate version from the Senate, will be considered alongside it.

Once the STABLE bill passes the House, it will move to the Senate, where it will undergo a similar process of committee consideration before potentially reaching the Senate floor for a vote.

If both chambers approve the bill, any differences between the House and Senate versions would need to be reconciled before the final legislation could be sent to the President for signature or veto.

Wednesday's development marks the committee's second attempt to advance stablecoin legislation. A previous effort in 2023 stalled amid partisan disagreements under the Biden administration.

@ Newshounds News™

Source:  Decrypt

~~~~~~~~~

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“Tidbits From TNT” Thursday Morning 4-3-2025

TNT:

Tishwash:  Iraq joins TIR transit system

The global TIR transit system became fully operational in Iraq on April 1, 2025.

The International Road Union (IRU) said that Iraq is poised to strengthen its position as a key trade hub in the Middle East, making goods transport more efficient and secure across the country’s borders and beyond. The initiative connects southern and northern Iraq, also providing an efficient trade corridor linking Asia, the Gulf Cooperation Council (GCC) region, Türkiye and Europe.

Iraq transport minister H.E. Razzaq Muhaibes Al-Saadawi said: “The operationalisation of the TIR system in the Republic of Iraq, in which IRU played a significant role, marks a significant milestone as it places the country on the brink of a new phase of potential investments and interregional trade with our neighbours and other countries in the region.”

The TIR system is expected to leverage Iraq’s strategic location and to increase the efficiency of cross-border trade, and it is forecast to reduce transport time by 80 percent and costs by 38 percent. “For the last two years, we have been working tirelessly on upgrading the road transport infrastructure in cooperation with all relevant parties. We are therefore committed to maximising the advantages of the TIR system in Iraq to boost the transport sector and the national economy,” said Al-Saadawi.

IRU secretary general Umberto de Pretto, commenting on the launch, said: “For almost eight decades, TIR has been driving secure trade. I look forward to seeing the first TIR truck crossing the territory of Iraq.

“Trucks will seamlessly transit the country and proceed along corridors offering a high level of security, opening a new chapter for the country and its role in international trade.”

The integration of TIR’s Electronic Pre-Declaration (TIR-EPD) system with Iraq’s national URUK platform allows the submission of advance cargo information. Throughout a journey, trucks can be closely monitored using GPS tracking, while regular checkpoints ensure cargo and transport security, before it ultimately reaches its final destination safely and on time.  link

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 Tishwash:  ASYCUDA representative to Rudaw: Iraq has completed the automation of 18 border crossings. 

ASYCUDA's representative in Iraq, Nizar Al-Ammari, confirmed that the customs automation system is currently implemented at 18 of the 21 ports, with difficulties in implementing it on the Syrian border despite the port's readiness.

 He noted that two additional ports (one sea and one land) will be operational by the 15th of this month, thus completing the automation of all Iraqi ports.

Al-Amari told Rudaw Media Network on Wednesday (April 2, 2025) that the ASYCUDA system focuses on the three basic customs operations: import, export, and transit, and includes all customs procedures from the moment goods are registered until they leave the customs port. All of these operations have become fully electronic, including payment.

He added that the system has entered its second phase, which includes automating the remaining ports and adding new applications to improve monitoring and maximize trade revenues. The third phase will include the implementation of a single window for foreign trade, which will make all foreign trade operations in Iraq fully automated, eliminating any paper transactions or cash payments.

Al-Amari emphasized that the new system will improve the accuracy of trade statistics in Iraq, helping to develop clear economic and strategic plans, a matter of utmost importance to the international community. He explained that the automation of customs will enhance trade fairness for all traders, as customs laws will be applied uniformly to all.

He pointed out that the system automatically calculates customs duties and regulates import and export permits, reducing the possibility of tampering with customs data. He emphasized that work is also underway to link the Iraqi system with those of neighboring countries, which will enable the identification of incoming goods before they arrive in Iraq, thereby limiting any attempts at manipulation or smuggling.

He stressed that the United Nations respects the sovereignty of states and regions, and that its role in Iraq is limited to providing technical and economic advice without political interference. He noted that the ASYCUDA system was agreed upon between the Iraqi federal government and the Kurdistan Regional Government.

Regarding the implementation of ASYCUDA in Kurdistan, Al-Amari pointed to three options: first, the Kurdistan Region would continue to use its current system or a different system with the possibility of linking it to ASYCUDA, provided it complies with international standards. Second, the Kurdistan Region would adopt the ASYCUDA system in full in the region through the Iraqi government, but this would be a complex option due to the linguistic and technical differences between the two systems.

The third option is to develop the ASYCUDA system in Kurdistan independently, linking it to the Iraqi system, as is the case in many countries that adopt unified systems with integration between local and international systems, he said. link

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Al-Sudani's advisor to Rudaw: US tariffs do not include oil and gas, and their impact will be zero.

Mazhar Mohammed Salih, financial and economic advisor to the Iraqi Prime Minister, downplayed the impact of the US decision to impose a 39% tariff on Iraqi products, noting that Iraq has no significant exports to the US market.

Mazhar Mohammed Saleh told Rudaw Media Network on Thursday (April 3, 2025): "The US customs tariffs do not include oil and gas, which means that the impact of this move on Iraq will be zero, because Iraq does not have any other noteworthy goods exported to America that could be subject to customs duties."

Saleh explained that "Iraqi crude oil exports to the United States do not exceed $5 billion annually, and the US market is considered a secondary market for Iraq compared to those of China and India, where approximately 70% of Iraqi oil is exported."

Regarding the import of American goods to Iraq, he noted that "Iraq imports 90% of its goods and civilian needs from Turkey, India, China, the UAE, and some European countries," describing the American market as a "secondary market" compared to Asian and European markets. 

Al-Sudani's advisor said, "The Strategic Framework Agreement signed between Iraq and the United States in 2008 has protected Iraq from shifts in the US's highly protectionist policy, particularly with regard to the imposition of customs duties."

US President Donald Trump announced on Wednesday the imposition of 39% tariffs on imports from US trading partners, including Iraq. link

Mot: ... Its that Time of Year Again!!! ....

Mot: ...... Raise Your Hand ----

MilitiaMan & Crew: Iraq Dinar News-Final Budget Accounts-Black Rock in Iraqi Port-Rafidain Bank Global Financial System

MilitiaMan & Crew:  Iraq Dinar News-Final Budget Accounts-Black Rock in Iraqi Port-Rafidain Bank Global Financial System

4-2-2025

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=KxW_aTH0rGU