Tuesday Coffee with MarkZ and MilitiaMan 04/22/2025

Tuesday Coffee with MarkZ and MilitiaMan. 04/22/2025

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….RV there yet?????

Member: Hi Mark! lots of internet chitchat! What are you hearing???

MZ: on the bond side…there are many key meetings today and tomorrow . A number of contacts are believing  they will complete their transactions. We may have the top 25 groups done by Thursday ish…..that would be one heck of a kick off . I believe this will give us the necessary number to pull the trigger on a revaluation. .  

Member: mark, what do you think the hold up really is? what could they be waiting for?

Member: We keep checking the boxes, but still have no RV. I don’t get it. Wish I did.

MZ: the news is great and we just need it to come to fruition.

Member: Could they possibly be waiting for audits to be finished on the Fed. Reserve, The UST and Ft. Knox?????

Member: So then 3-10 days until we go after the 30 percent of bonds threshold is reached. ?

​​Member: DOW up 528

MZ: Its pivoting.  Possible brakes going on in the trade war.

Member: You have said you will open a multi currency account. Will you do this at your exchange apt.?

MZ: I was told at our appointment they are just getting us in….exchanging into your account and then you out the door. They will give you a contact number at your first appointment  for wealth manager ect….to set all that up in your next appointments

Member:  How long do you think we will have to redeem once we receive notifications?

Member: Mark always said 10 days to make appointments and 30 days to exchange…..unless they have changed it of course.

MZ: I believe 30 days to exchange is the bare minimum. We will have plenty of time to exchange.

Member: Do I have to go to a large financial bank for exchg? I called my local WFargo and then a Chase 400 miles from me and they said they don't exhg IQD. Do I need to go to a large metro area? Thanks

Member: We were told that most people will have an exchange center within 50 miles of them. But if you live in rural areas …you will have to drive further.

Member: we won’t know exactly where to exchange until it is time, they will have several options

Member: are you hearing anything about rates on Bank screens?

Member: TS reported yesterday that the HSBC had VND on their screens yesterday morning

MZ: That would fit what my contacts are seeing. One of those is a HSBC.

Member: How much did it say the VND was worth?

Member: VND .49 or 2.50?

MZ: That is not nearly the rates my contacts have seen

Member: TNT said yesterday that VND rates were $1.80- $1.85.

MZ: There are a good chance that all rates being seen are testing rates……may or may not be the rates we will get.

Member: Mark- do have a guess on the IQD rate?

MZ: Logically – what makes the most sense is $4-$6 bucks. IMO

Member: Do you think Trump’s Sovereign Wealth fund will be funded with IQD?

MZ: Possibly. A high possibility. Foreign currency reserves count towards it.

Member: isn’t our president supposed to be out of the country for the RV or Nesara announcements?

MZ: Well he will be attending the Pope’s funeral …but I do not think he will have to be out of the country for us to go. He is the first who wants the RV…Other presidents had fought it tooth and nail.

MZ: In Iraq: “ Sudani: we work according to a vision that advances Iraq’s higher interests first away from emotions”  They are nearing the end of the united nations missions to Iraq. They are letting us know they are ready, safe and secure

MZ: “Calls for encouraging citizens to deposit into Iraqi banks” only 40% of Iraqis regularly use banking. The majority of the currency is not in the banking system. There are many articles about this….

Member:  There is "newly discovered" $16T in Uranium and Thorium in Iraq...(Iraq is 7th in Gold

MZ: they have had a whole bunch of economic discoveries this month.

MZ: “China is in economic dire straits….and they are unable to hide it.”  We are their biggest trading customer….and shipping containers are empty….people are not getting paid….who is going to blink first? Negotiations are heating up.

Member: I feel like we are all standing next to the RV Road with our Thumbs in the air.

Member: hopefully this month is still in play….Keep praying and stay positive.

MilitiaMan joins for a short time today. Please listen to the replay for his opinions and information

PLEASE FOLLOW AND SUBSCRIBE TO MILITIA MAN & CREW: https://www.youtube.com/@MilitiaManCrew

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

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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=Ql2nzUoHljw

News, Rumors and Opinions Tuesday 4-22-2025

Gold Telegraph: He Who has the Gold Makes the Rules

4-21-2025

Gold Telegraph  @GoldTelegraph

The President of the United States said this today:

“He who has the gold makes the rules.”

Nothing to see here…

The world is undergoing a transformational moment… something I have spent years covering.

• Treasuries selling off
• Global trade changing
• Strategic relationships breaking down

The list goes on. Many are watching in disbelief.

The Dow is down 800 points. The dollar is under pressure. Gold has smashed through $3400. The President of the United States has called the chairman of the Federal Reserve a loser. What a time to be alive.

The dollar is getting crushed. And yet, dollar bulls are acting like contrarians while hyping the world’s reserve currency. Seriously? When the music played loud, they all laughed and had condescending attitudes toward gold people.

The US dollar has lost over 40% of its purchasing power compared to gold in the 1 year… This should be the biggest story in the world, yet it is not. This tells you everything.

The world is relearning the meaning of money. Life doesn’t teach through lectures, only consequences.

BREAKING NEWS: CHINA CENTRAL BANK URGES STATE-OWNED BUSINESSES TO PRIORITISE YUAN IN OVERSEAS EXPANSION

Again, the wiring of the financial system is slowly changing.

“The PBOC said it will strengthen the construction of Cross-Border Interbank Payment System…”

Source: https://www.reuters.com/world/china/china-central-bank-urges-state-owned-businesses-prioritise-yuan-overseas-2025-04-21/

Source(s):
https://x.com/GoldTelegraph_/status/1914125853652304147

https://dinarchronicles.com/2025/04/21/gold-telegraph-he-who-has-the-gold-makes-the-rules/

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

Sandy Ingram   The Central Bank of Iraq has expanded foreign currency transfer options for local banks by adding the Jordanian dinar and Saudi riyal.  Additionally Iraqi banks can now use the euro to fund trade with Turkey...These new currencies join...the USD, UAE dirham, Chinese yuan and Indian rupee.  The goal is to diversify trade financing and make international transactions more efficient at official exchange rates...an upgrade aligned with International banking standards.

Militia Man  We are still following along an international event.  I think that is real. I don't think it's just Iraq centric and I haven't believed that for a long time...You can tell that the United States Treasury, US Federal Reserve, IMF, World Bank of International Settlements, everybody's been involved...

Frank26  AsraFlak is talking to the Iraqi citizens, not you, not even me, but they're talking to the Iraqi citizens IMO about everything they need to know concerning the new exchange rate.

The 40 Year Debt Cycle is Not Slowing Down

Heresy Financial:  4-21-2025

TIMECODES

00:00 Debt Is the Fuel of the System

 00:47 Why the Debt Cycle Won’t Stop

01:38 Deficits Are Now Structural

02:30 The Fed’s Balancing Act

 03:08 Inflation Is Baked In

 03:44 The Real Reason the Debt Keeps Growing

04:36 What This Means for Investors

https://www.youtube.com/watch?v=OcVL7gv54YE

Seeds of Wisdom RV and Economic Updates Tuesday Morning 4-22-25

Good Morning Dinar Recaps,

PAUL ATKINS OFFICIALLY SWORN IN AS SEC CHAIR, SIGNALS SHIFT TO CRYPTO-FRIENDLY APPROACH

Paul Atkins was sworn in on Monday as the 34th Chairman of the US Securities and Exchange Commission (SEC), marking a significant shift toward a more crypto-friendly regulatory stance.

Atkins’ appointment signals a departure from former Chair Gary Gensler’s aggressive enforcement strategy against digital asset firms. In his opening remarks, Atkins reaffirmed the SEC’s mission to promote capital formation, ensure fair markets, and protect investors.

He emphasized the need for clear and consistent regulation, stating that his experience in both public service and the private sector has shown him how regulatory uncertainty can stifle innovation.

Atkins To Exit Patomak Following SEC Appointment And Crypto Focus

Atkins, who founded Patomak Global Partners in 2009 to help develop digital asset standards, pledged to step down from his role at the firm within 90 days. His nomination passed narrowly, with 52 Republican votes in favor and 44 Democrats opposing.

Senator Elizabeth Warren had previously pressed Atkins to disclose Patomak’s advisory work with crypto companies, including ties to the collapsed FTX exchange.

During his Senate confirmation, Atkins criticized previous regulatory approaches as overly complex and politicized. He committed to leading the SEC with what he described as a “rational and principled” framework, aimed at fostering innovation rather than hindering it.

Atkins takes over from Gensler, whose tenure was marked by numerous lawsuits against crypto firms for alleged securities violations.

Since Gensler’s departure, acting Chair Mark Uyeda and Commissioner Hester Peirce have already moved to dismiss many of these cases and eased oversight on sectors like meme coins and crypto mining.

Known for his strong Wall Street connections, Atkins’ financial disclosures revealed investments of up to $5 million in digital asset firm Off the Chain Capital LLC. With a combined net worth of approximately $327 million, Atkins becomes one of the wealthiest SEC chairs in recent history.

As the SEC transitions under Atkins’ leadership, it faces a backlog of over 70 crypto-related ETF applications involving assets like Solana, XRP, Dogecoin, and MELANIA. Bloomberg analyst Eric Balchunas summed up the sentiment on X, saying, “Gonna be a wild year.”

SEC Changes Crypto Enforcement Strategy

Last month, the SEC officially ended its investigation into Australian-based crypto gaming firm Immutable, bringing a significant chapter in the company’s regulatory journey to a close.

The SEC’s move to close the Immutable case is part of a broader trend in its crypto enforcement strategy. In recent months, the agency has also dropped investigations into other major crypto firms, including OpenSea, Uniswap, Robinhood, and Gemini.

To enhance regulatory clarity, the SEC has also launched a crypto-focused task force led by Commissioner Hester Peirce.

Meanwhile, Ripple is nearing the end of its own legal battle with the SEC. A March 26 update confirmed Ripple will not pursue a counter-appeal after the SEC agreed to drop its appeal earlier this month.

The company will pay a reduced fine of $50 million, down from the initially proposed $125 million.

@ Newshounds News™
Source:  99Bitcoins

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ECB FLAGS RISK OF FINANCIAL CONTAGION FROM US CRYPTO PUSH

The ECB is calling for changes to MiCA, only months after the regulatory framework was implemented.

The European Central Bank (ECB) raised an alarm over potential fallout from aggressive US support for the crypto industry, warning that a surge in dollar-backed stablecoins could destabilize Europe’s financial system.

According to a policy paper seen by Politico, the ECB has asked for a revision of the Markets in Crypto-Assets Regulation (MiCA) regulatory framework for cryptocurrencies just months after it came into effect.

The concern is that US reforms backed by President Donald Trump could flood European markets with dollar-denominated stablecoins.

The ECB fears this could trigger a flight of European capital into US assets, undermining EU financial sovereignty and exposing banks to liquidity risks.

ECB and European Commission clash over MiCA rules

While the ECB calls for tighter controls, the European Commission dismissed the warnings as exaggerated, per the report.

The report, citing two diplomats and one EU official, said that the existing MiCA framework is robust enough to manage stablecoin risks despite potential US policies like the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) and the Guiding and Establishing National Innovation for US Stablecoins (GENIUS), two bills aimed at expanding America’s crypto footprint.

“The Commission was quite clear that they had different views on this topic,” and “not very many (countries) supported the idea that we should now jump the gun and start making quick changes in (the rules) based on this alone,” one of the diplomats reportedly told Politico.

The stablecoin sector now commands a valuation of $234 billion, according to data from CoinMarketCap.

The ECB warned that European issuers could face redemption pressures from EU and foreign holders without stricter limits, potentially sparking a financial “run” and harming exposed institutions.

“The worry is warranted,” Mikko Ohtamaa, co-founder and CEO at Trading Strategy, said in a post on X. “However, the EU had the first mover advantage with the regulation and they screwed it up.”

Ohtamaa said no EU stablecoin is globally competitive due to MiCA’s restrictive rules, which are influenced by bank and legacy finance lobbying.

Tether remains a major critic of MiCA
Tether, the issuer of the world’s largest stablecoin, USDt (USDT), has long been a critic of the EU’s MiCA regulation.

Last year, Tether CEO Paolo Ardoino argued that MiCA’s requirements, particularly the mandate for stablecoin issuers to hold at least 60% of reserves in EU bank accounts, could introduce systemic risks to both stablecoins and the broader banking system.

Due to noncompliance with MiCA, USDT has faced delistings from major European exchanges, including Coinbase, Crypto.com and Kraken.

@ Newshounds News™
Source:  CoinTelegraph

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Newshound's News Telegram Room Link

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Follow the Roadmap

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How Crooks Convinced Her To Put $17,500 Into A Bitcoin ATM To 'Secure' Her Money

How Crooks Convinced Her To Put $17,500 Into A Bitcoin ATM To 'Secure' Her Money

Susan Tompor, Detroit Free Press  Mon, April 21, 2025  USA TODAY

Stacy Hazinski received one of those annoying text messages that claimed she was about to be charged $114.02 for something she didn't buy. So she called the number, supposedly for her Apple Pay account, to make sure that she didn't get stuck with the bill.

She got stuck talking to scammers.

One simple phone call set off a scheme that ultimately enabled someone to steal her entire income tax refund and drain her savings account at a local credit union.

Filing her taxes early in the year essentially meant little, she told me at her Michigan condo, because now she has nothing to show for it.

She's out $17,500 in all.

Scammers convince you to take cash to a bitcoin ATM

Her story highlights one huge red flag that consumers must watch out for these days — how scammers are convincing you to take cash to a crypto ATM at the local party store, gas station or grocery.

Con artists deceive people with backstories on how they can protect their money or avoid trouble by depositing money in a cryptocurrency ATM.

How to protect yourself: Scam losses worldwide this year are $1 trillion

The crooks — who might pretend to be from Apple, Google, an Internet service provider or even law enforcement — do their research and know where these ATMs are in your neighborhood. They'll tell you to withdraw cash from the bank and give you directions to one of these crypto ATMs.

The crooks even go so far as to call bitcoin ATMS “safety lockers," according to regulators.

Michigan Attorney General Dana Nessel issued a consumer alert April 8 to warn residents about scammers using bitcoin ATMs to defraud consumers.

“Because money sent through bitcoin ATMs is nearly impossible to recover and these machines lack oversight and regulation, they have become an attractive option for criminals engaged in fraud and money laundering,” Nessel said in a statement.

Millions of dollars lost in scams at crypto ATMs

Consumers lost $66 million to crypto ATM fraud in the first six months of 2024, according to the Federal Trade Commission. The actual number is likely much higher as such types of fraud often go unreported, according to the FTC. The FTC said the losses involving these ATMs increased dramatically from $12 million in 2020 to $114 million for all of 2023.

People 60 and over were more than three times as likely as younger adults to report a loss using a bitcoin ATM in the first half of 2024, according to FTC data.

Once the money is deposited into bitcoin, experts warn, it is transferred quickly, making it often impossible to track. Your bank is unlikely to reimburse you because you withdrew the money on your own.

The con artists had her running scared to the ATM

Hazinski, 51, heard slew of scary stories on Feb. 28 — starting with a guy named John from Apple and switching over to a guy named Eric who claimed to be from her credit union — on how scammers were in the process of getting their hands on her federal income tax refund, as well as the rest of her savings.

As part of the scam, she was told by the guy who claimed to be an employee at the credit union that she would need to transfer her cash into a "security" account to protect her savings from someone who was about to send her money into an account at www.poker.com.

What? Why was her money going to cover some online poker tournament? She got terribly nervous, especially since her savings was limited after she had been out of work for a few months.

"And I said, 'I don't gamble,' " Hazinski recalls.

She said she wasn't using her refund to play poker — and she wasn't about to let someone else use her money, either.

"It was so stressful," Hazinski said.

Scammers stayed on the phone to tell her what to do next

TO READ MORE:   https://www.yahoo.com/news/crooks-convinced-her-put-17-212854190.html

“Tidbits From TNT” Tuesday Morning 4-22-2025

TNT:

Tishwash:  The Central Bank renews its warning against trading in withdrawn banknotes.

In recent years, this bank has observed the circulation of foreign banknotes from various countries, some of which are genuine and in circulation, others withdrawn from circulation, and some counterfeit. Such banknotes are used by unscrupulous outlaws to defraud citizens by luring them into exchanging them for Iraqi dinars at prices far exceeding their actual value.

They claim that exchanging them offers them significant profits and rare investment opportunities.

Therefore, the Central Bank of Iraq calls upon the public and the specialized security and regulatory agencies to monitor these matters and refrain from handling these banknotes. They should focus on Iraqi banknotes and those handled by the Central Bank of Iraq and the banking system, to avoid falling prey to outlaws.

Central Bank of Iraq

Media Office  link

Foreign banknotes withdrawn from circulation

Tishwash:  Federation of Chambers of Commerce: Visit of American companies resulted in a regulatory work agreement for the private sector

The Federation of Iraqi Chambers of Commerce affirmed on Monday that the visit of American companies is a message to the world that Iraq is a safe environment. It also explained that the visit resulted in an agreement on a regulatory framework for the private sector.

Abdul Razzaq Al-Zuhairi, head of the General Federation of Iraqi Chambers of Commerce, told the Iraqi News Agency (INA): “The visit of American companies to Iraq to invest and work with Iraqi businessmen is a positive and important step for Iraq.”

He explained that "Iraq is a fertile environment, and the visits of American companies to Iraq are a positive message to all countries of the world that Iraq is a safe environment."

He added, "American companies have signed numerous agreements with the Iraqi private sector in the fields of electric power and renewable energy. The most important memorandum is the signing of a regulatory framework between the Iraqi and American private sectors by the American Chamber of Commerce and the Iraqi Chamber of Commerce."

He pointed out that "a number of American companies have signed agreements with the private sector, most notably the global company Google, which is seeking to enter Iraq. Its representative came and wrote a positive message about Iraq, stating that Iraq is safe, which is an important message to the world  link

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Tishwash:  An expert identifies the missing link to diversifying sources of income and achieving economic reform.

Economic expert Qusay Safwan identified the missing link in the path to diversifying sources of income and achieving economic reform in Iraq. He noted that controlling corruption begins with the banking sector and is linked to understanding revenue risks and the behavior of the Iraqi dinar at border crossings.

During his appearance on the "Free Talk" program on Al Furat TV channel this evening, Safwan explained that "economic diversification cannot be achieved without regulating these outlets, which are a tool for protecting local production and developing investment." He indicated that "reforming the financial sector requires rehabilitating banks through mergers, partnerships, and specialization."

He stressed that "these goals are still far off, and the real beginning lies in developing the human resources working in the banking sector, especially since most Iraqi banks focus their grants on the housing sector."

Safwan explained that "the Central Bank's policy is geared toward supporting financial inclusion, as 40% of individuals use electronic banks, a matter linked to suspicions of money laundering." He called for "providing incentives to credit card holders and motivating them through tax exemptions and import facilitation, which would enhance the conversion of the dinar into hard currency through the Central Bank."

He pointed out that "the Central Bank alone cannot reform the Iraqi economy in light of the lack of control over border crossings and the citizens' lack of trust in banks," emphasizing that "investing in technology is costly, but necessary and yields tangible benefits for shops and businesses."

Safwan revealed that "Iraq has $100 billion in the US Federal Reserve," emphasizing "the need to eliminate intermediaries and build a direct relationship between producers and consumers," warning that "corruption is greater than the support available at the outlets."

He added, "Private banks were established as joint-stock companies, and their shares are now denominated below the dinar mark and are available to all." He called on the Central Bank to "address the dispute between it and the Companies Registrar regarding dividend distribution, which is prompting small shareholders to sell their shares to major investors."

Safwan concluded by saying, "Government banks need a comprehensive restructuring to drive development and create investment portfolios for agricultural, industrial, and commercial cities." He also highlighted the need to integrate the local market with global markets, similar to the Gulf banks, and attract $350 billion domestically. link

Mot: Warning -- Warning --- Warning --- 

Mot:  and the Problem Is???? 

MilitiaMan & Crew: Iraq dinar-News-WTO data-International Companies-Airline Travel-Security & Stability-Exchange Rate

MilitiaMan & Crew:  Iraq dinar-News-WTO data-International Companies-Airline Travel-Security & Stability-Exchange Rate

4-21-2025

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=zAT8STwArZo

Seeds of Wisdom RV and Economic Updates Monday Evening 4-21-25

Good Evening Dinar Recaps,

INCOMING SEC CHAIR TO WEIGH MORE THAN 70 CRYPTO ETF FILINGS—INCLUDING SOLANA AND XRP

Spot crypto ETFs are currently limited to Bitcoin and Ethereum in the U.S., but analysts expect new approvals this year.

▪️Incoming SEC Chair Paul Atkins will have more than 70 crypto ETF hopefuls to review when he begins in the role.

▪️Funds pegged to Dogecoin, Pengu, Solana, XRP, and the Melania meme coin are all in the mix.

▪️After punting on XRP ETFs in March, the agency can delay its final decision until mid-October.

Incoming SEC Chair Paul Atkins will have an avalanche of crypto-related applications to sift through when he officially takes control of the regulator.

Hopeful issuers now await feedback on 72 crypto-linked exchange-traded funds in the U.S., including requests to list options, according to Bloomberg ETF analyst Eric Balchunas.

“Gonna be a wild year,” he said on X, formerly Twitter, on Monday, noting ETF hopefuls have positioned themselves to offer funds for assets ranging from Solana to the first lady’s meme coin.

Atkins was confirmed as U.S. President Donald Trump’s pick to lead the Securities and Exchange Commission by a full Senate vote around two weeks ago. His swearing-in ceremony is expected to take place soon, marking an official start to the SEC’s push to regulate crypto collaboratively under new leadership.

Although Atkins was a proponent of deregulation during his previous stint at the SEC, analysts say the crypto-friendly veteran may have to make a few first-time calls, specifically when it comes to which cryptocurrencies can be approved for listings as commodity-based trusts.

Balchunas did not immediately respond to a request for comment from Decrypt.

Last year, the SEC approved spot Bitcoin and Ethereum ETFs under former SEC Chair Gary Gensler. While the approvals represented a landmark moment for the crypto industry, it raised deeper questions about which cryptocurrencies should be regulated as commodities, and therefore be allowed to trade on Wall Street in a similar fashion to assets like gold.

In total, asset managers are looking for feedback on applications tied to 15 different cryptocurrencies beyond Bitcoin and Ethereum. Those include applications centered on digital assets with large valuations like Solana, Dogecoin, and XRP—alongside relatively nascent ones like the Solana-based tokens Bonk, Pengu, and Official Trump.

Under Acting SEC Chair Mark Uyeda, the agency has chipped away at some regulatory uncertainty. In February, the SEC said that it generally doesn’t consider meme coins to be securities, but it didn’t advise whether they were fitting for Wall Street wrappers.

For assets like XRP, the SEC won’t be forced to make a decision immediately after Atkins takes the reins at the agency. After punting on XRP ETFs in March, the agency can delay its final decision until mid-October.

@ Newshounds News™
Source:  Decrypt

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BRICS: CHINA UNVEILS FIRST GOLD ATM: MELTS AND CONVERTS GOLD

BRICS member China has unveiled the world’s first Gold ATM that melts, tests, and converts gold into instant bank transfers. The ATM has already witnessed long queues of people trying to sell off their generational gold. Users need to book an appointment to use it, and according to early reports, appointment slots are full until as late as May.

The Gold ATM is operated by China’s Kinghood Group and is installed at a mall in Shanghai. The machine weighs, checks the quality, and analyses the Gold before dispensing the money equivalent to the price that was put in. The ATM is designed to accept gold items of over three grams with a purity of at least 50 percent.

“The introduction of smart gold ATMs primarily serves a recycling function from a business perspective. This reflects the fact that, with rising gold prices, the value of gold held by the public has increased significantly, leading to a stronger desire to cash out,” Wion quoted Xu Weixin, a member of the Shanghai Gold Association, as saying. “There is still strong upward momentum for gold, mainly driven by central banks and institutional investors accelerating their gold purchases.”

XAU/USD Surges to All-Time High as China Begins Using Gold ATM

Furthermore, the development from China also comes as Gold prices globally are skyrocketing. Indeed, the precious metal touched the historic milestone of $3,400 on Monday.

The XAU/USD index, which tracks the performance of the precious metal, showed the commodity surging 70 points, spiking more than 2% in the day’s trade. The Spot Gold prices have risen close to 30% year-to-date, generating stellar returns to investors.

Commodity traders who took an entry position this year are all enjoying profits as the metal is heading north. This is the highest the glittery metal has surged in the last four months since 2010.

The steady yet unending accumulation of gold, as well as China’s new Gold ATM, could send its prices higher by the end of 2025. Senior Bloomberg strategist Mike McGlone recently predicted that the metal could soon hit the $4,000 mark next.

 “We’re putting in a pretty good base now around $3,000,” McGlone said. “It’s going to head into $4,000, the question is time. Anything in between there is for the traders, which I used to do.”

@ Newshounds News™
Source:  Watcher Guru

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What An NBA All-Star Learned After Going From Millions To Bankruptcy

'The money came so fast': What An NBA All-Star Learned After Going From Millions To Bankruptcy

Sara BelcherPodcast Writer   Mon, April 21, 2025  Yahoo Finance

As a three-time NBA All-Star and former NBA Champion, Antoine Walker is one of the best basketball players of the 1990s and early 2000s. But his early success came with some difficult financial lessons.

Walker was signed to the Boston Celtics at just 19 years old. Throughout his 13-year athletic career, it's estimated he earned as much as $108 million — a large portion of which came from a six-year $71 million contract he signed at just 21.

"The money came so fast without the education," Walker told Ross Mac on the Financial Freestyle podcast (see video above or listen below).

Walker partly attributes his lack of financial education to the decisions that ultimately led him to file for bankruptcy in 2010.

Though he became debt-free just three years later, the former professional athlete now talks openly about his financial mistakes and offers advice for others to learn from them.

"I think it's my job to kind of use the things that I did wrong and just help [others] out," Walker said, addressing the challenges of newly minted professional athletes and those who come into wealth quickly.

"I know the things that they want to do," he said. "I know the things that they're buying. I know the things that they're overlooking. ... I try to put that back in their face and understand that this basketball career or any sports career is going to be short-lived, and you got a whole life to live after your career is over with."

TO READ MORE:  https://www.yahoo.com/finance/news/the-money-came-so-fast-what-an-nba-all-star-learned-after-going-from-millions-to-bankruptcy-215432482.html

More “Iraq News” Posted by Clare at KTFA 4-21-2025

KTFA:

Clare:  APIKUR Pushes for Written Agreements in Ongoing Kurdistan Region Oil Export Negotiations

4/20/2025   ERBIL  —

Member companies of the Association of the Petroleum Industry of Kurdistan (APIKUR) reiterated their call for formal written agreements during the latest round of discussions with Iraqi and Kurdistan Regional Government (KRG) officials over the resumption of oil exports via the Iraq-Turkey pipeline.

The meeting, held on April 20, focused on the necessary conditions to restart oil flows that have been suspended for over a year. While all sides presented their positions on a range of technical and legal matters, no final agreements were reached.

APIKUR member companies emphasized the need for fair implementation of Iraq’s federal budget law, especially regarding the role and responsibilities of an independent consultant tasked with overseeing oil production and exports. They also stressed that any future arrangements must not infringe on existing contracts with international oil companies (IOCs), which have been upheld by Iraqi courts.

Crucially, APIKUR is seeking written agreements that provide clear guarantees on payment terms and the settlement of outstanding arrears. According to a statement from the organization, the member companies "did not receive satisfactory assurances" on these key issues during Saturday's meeting.

In an effort to move the talks forward, several APIKUR members have submitted draft sales and lifting agreements, along with detailed recommendations for the independent consultant’s scope of work, to both KRG and federal Iraqi officials.

Despite the lack of immediate progress, APIKUR reaffirmed its readiness to resume exports—contingent on securing signed agreements that protect the fiscal and economic terms of their existing contracts.

The talks come amid growing pressure to resolve the impasse, which has had significant financial implications for both the federal and regional governments, as well as oil companies operating in the Kurdistan Region.  LINK

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Donald J. Trump  @realDonaldTrump

 Since our announcement of LIBERATION DAY, many World Leaders and Business Executives have come to me asking for relief from Tariffs. It’s good to see that the World knows we are serious, because WE ARE!

They must right the wrongs of decades of abuse, but it won’t be easy for them. We must rebuild the Wealth of our Great Country, and create true RECIPROCITY.

But for those who want the easiest path: Come to America, and build in America!

Donald J. Trump   @realDonaldTrump

NON-TARIFF CHEATING:

1. Currency Manipulation
2. VATs which act as tariffs and export subsidies
3. Dumping Below Cost
4. Export Subsidies and Other Govt. Subsidies
5. Protective Agricultural Standards (e.g., no genetically engineered corn in EU)
6. Protective Technical Standards (Japan’s bowling ball test)
7. Counterfeiting, Piracy, and IP Theft (Over $1 trillion a year)
8. Transshipping to EVADE Tariffs!!!

Apr 20, 2025, 5:13 PM

https://truthsocial.com/@realDonaldTrump

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Clare:  Al-Sudani acknowledges the "actual" realization of the budget deficit

4/21/2025

Iraqi Prime Minister Mohammed Shia al-Sudani acknowledged on Monday that the federal budget deficit has been realized.

In his speech during a meeting with the head and members of the Dhi Qar Provincial Council, as reported by Shafaq News Agency, Al-Sudani said, "In our government, the budget deficit has actually appeared to achieve accomplishments, and there is efficiency in spending, performance, and work, while the previous deficit was planning."

He added, "Our government has arranged the spending mechanism according to the principle of the most important, then the important, and we have worked in many sectors and achieved positive results," indicating, "In the 2024 budget, (156) trillion dinars were spent out of (213) trillion planned, including (90) trillion for salaries, (40) trillion for operational, and (13) trillion for ministries and governorates' projects."

Last year's budget amounted to 211 trillion dinars, with revenues estimated at 144 trillion and 336 billion dinars, while expenditures amounted to 210 trillion and 936 billion dinars, and the deficit was 63 trillion and 599 billion dinars.   LINK

Clare:  Al-Sudani's advisor: Iraq's foreign exchange reserves are fine.

4/21/2025- Baghdad

 The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Monday that Iraq's foreign exchange reserves cover 100% of the national currency.

Saleh said, "Iraq's foreign currency reserves still have the capacity to cover 100% of the national currency issued, and that commercial efficiency has been achieved."

He added, "These reserves still cover the country's imports for three months, and therefore foreign reserves are considered stable." He pointed out that the development of the optimal external use of foreign currency is achieved through a careful balance between the role of these reserves in maintaining the foreign purchasing power of the dinar and the stability of the exchange rate, and the standard of reserve efficiency, which is one of the functions of monetary policy as an independent body in achieving its goals of monetary stability and economic development.

On March 31, 2025, the Central Bank of Iraq revealed that the central bank's net foreign reserves for 2024 amounted to 130.81 trillion dinars, a 10.18% decrease compared to the same period in 2023, when they reached 145.64 trillion dinars.

 The Central Bank confirmed that the reason for the decline in foreign reserves is due to the rise in domestic public debt, which is intended to cover the real deficit in the state's general budget. LINK

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Clare:  KRG Shifts “My Account” Salary Banking Project to Ministry of Finance

By Dler Mohammed    ERBIL — 

In a strategic move aimed at streamlining the salary distribution system, Kurdistan Region Prime Minister Masrour Barzani has issued a directive to transfer the management of the “My Account” banking initiative for public sector salaries to the Kurdistan Regional Government’s (KRG) Ministry of Finance and Economy.

The decision was officially confirmed on Sunday, in a formal statement signed by Omed Sabah, Head of the Council of Ministers' Office. According to the statement, the transfer of responsibility is based on Barzani’s order to ensure compliance with the legal and procedural standards of Iraq’s Federal Central Bank.

Under this shift, the Ministry of Finance will now oversee the implementation and administration of the “My Account” project, which is designed to deposit government employee salaries directly into individual bank accounts. The ministry is also tasked with ensuring that the project aligns with federal banking laws and regulations, safeguarding public servants' accounts' financial integrity and privacy.

The “My Account” initiative—Hajmari Min in Kurdish—was originally managed by a specialized team reporting to the Council of Ministers. It was launched as part of broader reform efforts by the KRG to modernize its payroll system, increase transparency, and reduce corruption related to salary disbursements.

By transferring authority to the Ministry of Finance, the government aims to centralize oversight, improve efficiency, and establish a more permanent institutional framework for the project. The move reflects a broader commitment to fiscal reform and digitization within the public sector, consistent with global standards for financial governance.

The transition also addresses concerns about regulatory compliance, particularly regarding federal oversight and banking law adherence—critical for ensuring continued coordination with Iraq’s financial institutions and international banking partners.

As the Ministry of Finance assumes full control of “My Account,” it is expected to roll out additional measures to protect user data and enhance the platform’s accessibility and reliability for tens of thousands of government employees across the Kurdistan Region.  LINK

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Clare:  Rafidain Bank announces the third issuance of national investment bonds.

 4/21/2025 

In line with the directives of the Ministry of Finance and the Central Bank of Iraq, Rafidain Bank is offering citizens and investors a unique investment opportunity through the third issue of national bonds, which will be offered for subscription from April 20, 2025, until May 20, 2025, in two categories that generate fixed and rewarding returns:

Details of the offered bonds:
 1. Investment bond worth (500,000) five hundred thousand dinars
 • Annual return: 8%
 • Investment period: two years
 • Interest payment: every six months
 2. Investment bond worth (1,000,000) one million dinars
 • Annual return: 10%
 • Investment period: four years
 • Interest payment: every six months

Why invest with us?
 • A guaranteed and fixed return higher than traditional banking returns
 • A national investment supported by the state through the Ministry of Finance and the Central Bank
 • An ideal opportunity for savers and those looking for a safe investment
 • Available to individuals and companies

We invite you to seize this lucrative investment opportunity by visiting the nearest Rafidain Bank branch in Baghdad and the governorates to submit a purchase request and benefit from the benefits of this issuance.  LINK

Fed’s $2T Bailout is Prepped - Banks Will Echo WW2 Era

Fed’s $2T Bailout is Prepped - Banks Will Echo WW2 Era

Daniela Cambone:  4-21-2025

“It ends with the banks looking like they did at the end of World War II... half of their book was government bonds,” says R. Christopher Whalen, investment banker and author.

In a conversation with Daniela Cambone, he breaks down the systemic risks emerging in the treasury market. “Today the treasury market is basically a carry trade with a lot of hedge funds using 100 to 1 leverage.

That’s the market for treasury debt,” he explains, pointing to the fragility of the current system.

Whalen also argues that the Bretton Woods framework has eroded and that the dollar’s dominance is waning.

“This dollar Imperium has run its course.” He believes central banks — including the U.S. Federal Reserve — should diversify their reserves to include gold alongside major currencies like the dollar, euro, and yen.

He views gold as a strategic reserve asset with untapped financial utility. “I hope... the BIS is going to recognize gold as a high-quality liquid asset... it would become eligible to be collateral in swaps,” he says.

Key Topics:

President Trump and Powell were going to cross swords.

The Fed struggles to manage the economy and rates.

Multifamily real estate is the subprime today.

The Fed should be holding gold.

The dollar is attractive because of our marketplace.

National debt has tripled in 15 years.

Chapters:

 00:00 Trump and Powell

 4:26 US dollar

 5:31 Andrew Jackson

 7:43 Weaker dollar

8:59 High inflation

 9:38 Treasury market

11:44 Banking system

12:27 Financial system reset

 14:56 Gold

19:46 Housing market

21:21 National debt

 25:58 BRICS

26:58 Concluding words

https://www.youtube.com/watch?v=usb2PgiHF6o

Iraq Economic News and Points to Ponder Monday Afternoon 4-21-25

The Deputy Speaker Of Parliament Offers His Condolences To The Vatican And All Christians Around The World On The Passing Of The Holy Father.

Monday, April 21, 2025 | Politics Number of reads: 103  Baghdad / NINA / Deputy Speaker of Parliament Shakhwan Abdullah Ahmed offered his condolences to the Vatican and all Christians in the world on the death of His Holiness Pope Francis.

The Deputy Speaker of Parliament said, according to a statement by his media office: "With great sadness, we received, today, the news of the death of His Holiness Pope Francis."

Shakhwan Ahmed offered his deepest condolences and sincere sympathy to the Vatican and to all Christians in the world on this painful occasion, praising his religious and humanitarian career and his great role in promoting dialogue between religions and cultures, asking God Almighty to grant his soul tranquility and eternal rest, and to inspire his loved ones and supporters with patience and solace. /End https://ninanews.com/Website/News/Details?Key=1199178

Iraq Is The Second Most Developed Country In The World For Oil Pipelines.

Energy  Economy News – Baghdad  Iraq ranks second globally in oil pipeline development, after China, according to a Washington-based US energy agency.

The unit stated in a report that "Iraq ranked second after China among the countries with the most developed oil pipelines by the end of 2024, with a total of 4,010 kilometers."

She added, "Of this total, 1,155 kilometers are currently under construction, while the proposed pipelines are estimated at 2,855 kilometers."

Iraq continues to remove mines obstructing oil and gas pipelines, alongside plans by the Iraqi Ministry of Oil to implement a third offshore pipeline project with a capacity of two million barrels per day. This pipeline aims to export Iraqi crude oil from the Faw reservoirs to the Faw oil port.

The country currently has 15 crude oil pipelines, totaling 2,090 miles, and 10 petroleum product pipelines, totaling 1,530 miles.   https://economy-news.net/content.php?id=54659

Rafidain Bank Announces The Third Issuance Of National Investment Bonds.

Time: 2025/04/21 Reading: 120 times  In line with the directives of the Ministry of Finance and the Central Bank of Iraq, Rafidain Bank is offering citizens and investors a unique investment opportunity through the third issue of national bonds, which will be offered for subscription from April 20, 2025, until May 20, 2025, in two categories that generate fixed and rewarding returns:

Details of the offered bonds:
1. Investment bond worth (500,000) five hundred thousand dinars
• Annual return: 8%
• Investment period: two years
• Interest payment: every six months
2. Investment bond worth (1,000,000) one million dinars
• Annual return: 10%
• Investment period: four years
• Interest payment: every six months

Why invest with us?
• A guaranteed and fixed return higher than traditional banking returns
• A national investment supported by the state through the Ministry of Finance and the Central Bank
• An ideal opportunity for savers and those looking for a safe investment
• Available to individuals and companies

We invite you to seize this lucrative investment opportunity by visiting the nearest Rafidain Bank branch in Baghdad and the governorates to submit a purchase request and benefit from the benefits of this issuance.   LINK

 

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