The 7 Worst Things You Can Do If You Owe the IRS

The 7 Worst Things You Can Do If You Owe the IRS

December 6, 2023   By  Jennifer Taylor  GoBankingRates

You’re in debt to Uncle Sam. This probably isn’t a great feeling, but you have to face it.

Maybe you have the money to pay your tax bill or perhaps you don’t. If not, you have many options, so don’t take any of the following.

Using a Credit Card To Pay Your Taxes

Charging IRS debt to your credit card might be easy in the short term, but doing so can be a costly choice.

“The IRS interest rate changes quarterly, but it’s hovered around 8% in recent years,” said Brad Paladini, tax attorney and owner of Paladini Law, a tax law firm. “Credit card interest is usually around 22%, meaning that if a taxpayer uses a credit card to pay their taxes, they are paying almost three times as much in interest than if they paid the IRS directly.”

Failing To Stay in Compliance With the IRS

“The IRS is usually very willing to arrange a resolution for past-due tax debt, whether it be an installment agreement, an offer in compromise or hardship status,” Paladini said. “But the IRS requires that the taxpayer remain ‘current’ with the taxes.”

Going forward, he said this means you’ll need to file all returns on time and pay all future taxes on time.

“If the taxpayer fails to do so, she’ll default whatever arrangement was made with the IRS,” he said.

Ignoring the Problem Until It’s Too Late

“Taxpayers will know there’s an outstanding tax debt, but will ‘bury their head in the sand’ and ignore it,” Paladini said. “Eventually, the IRS will wipe out their bank accounts or garnish their wages to recoup their money.”

If it comes to this, he said it will be much harder to try and resolve than if you had proactively reached out to the IRS to settle it.

Not Understanding Your Options

If you owe money to the IRS, Paladini said, you have six payment options, including an installment agreement, offer in compromise, currently non-collectible status, penalty abatement, innocent spouse relief and bankruptcy.

“Each of these options has separate requirements,” he said. “Trying to navigate that path on your own can be extremely difficult.”

If you need help navigating what’s best for your unique situation, he said you should reach out to a tax professional.

Failing To File

“When you owe and you do not file by the tax deadline, then you will be penalized for failing to file, unless you file an extension,” said Kathy Alfaro, owner and tax strategist at Alfa Tax Service. “If you fail to file by the extension deadline, then you will pay a failure to file penalty.”

She emphasized the importance of knowing the rules.

“When you owe and you do not pay by the tax deadline, then you will be penalized for failing to pay,” she said. “There is no extension for this penalty. This is why filing an extension with a payment will help.”

To Read More: https://www.gobankingrates.com/taxes/tax-laws/worst-things-you-can-do-if-you-owe-irs/?utm_term=related_link_1&utm_campaign=1267849&utm_source=yahoo.com&utm_content=2&utm_medium=rss

“Tidbits from TNT” Friday Morning 4-25-2025

TNT:

Tishwash:  Foreign Minister arrives in Washington

Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein arrived in Washington, DC, on an official visit.

A statement by the Ministry of Foreign Affairs received by the Iraqi News Agency (INA) stated that “Deputy Prime Minister and Minister of Foreign Affairs,

Fuad Hussein, arrived in the US capital, Washington, on an official visit during which he will hold a series of bilateral meetings with a number of senior officials in the US administration.”

The statement added that “this visit comes within the framework of strengthening bilateral relations between the Republic of Iraq and the United States of America, and discussing ways to develop joint cooperation in the political, security and economic fields, as well as discussing regional and international issues of common interest.”

The statement continued, “During his visit, the Minister is scheduled to meet with a number of officials in the US State Department, most notably Marco Rubio, US Secretary of State, in addition to holding meetings with prominent political and economic figures.”  link

Tishwash:   Al-Sudani: Our goal is to meet the needs of the Iraqi market and stop importing from abroad.

 Prime Minister Mohammed Shia al-Sudani stated on Thursday that his government's goals include strengthening public-private sector partnerships, meeting the Iraqi market's need for local production, and halting imports.

This came in a speech he delivered during the inauguration of the executive works, via video conference, for six industrial projects in Muthanna Governorate, at a total financial cost of $1.171 billion.

In his televised address, he said that the private sector is the state's true partner in fulfilling various developmental and service obligations and needs for citizens, adding, "We have great confidence in businesspeople in this field and in the facilities provided by the government."

He added, "Our goal is to meet the needs of the local market and stop importing from abroad," stressing the need to meet the needs of the local market, whether for government projects, ministries, governorates, or others.

Al-Sudani continued, "Iraq is currently witnessing a clear push to implement service and construction projects, which requires more diverse materials to meet the needs of this market, regardless of imports." link

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Tishwash:  What are the reasons for the decline in the dollar exchange rate against the Iraqi dinar?

On Thursday, April 24, 2025, Professor of International Economics Nawar Al-Saadi revealed the reasons for the decline in the exchange rate of the US dollar against the Iraqi dinar in local markets.

 Local stock exchanges in the capital, Baghdad, witnessed a rise in the value of the dinar at closing this afternoon, with the selling price reaching 145,500 dinars per $100, and the buying price reaching 143,500 dinars per $100.

 The dollar exchange rate in Iraqi markets rose significantly in the fall of 2024, exceeding 1,550 dinars per dollar, or 155,000 dinars per $100, in some areas.

Trump's policies

Al-Saadi told Al-Jabal, "The current decline in the US dollar's exchange rate cannot be isolated from the global economic and political context, which is undergoing profound transformations. The United States has been facing negative economic indicators for some time, including slowing growth and declining retail sales data, which has reinforced market expectations that the Federal Reserve may move to cut interest rates in the coming period. This trend, by its nature, weakens the dollar's attractiveness as a savings and investment currency and increases pressure on it in foreign exchange markets."

He added, "Furthermore, the economic policies recently adopted by the US administration, most notably the imposition of tariffs on a number of goods, have contributed to raising import costs and increasing inflation rates, which has negatively impacted investor confidence in the performance of the US economy in the medium term."

He continued: "In addition to internal factors, there are also global shifts that are gradually beginning to impact the dollar's standing," noting that "the accelerating trend by some international powers, such as the BRICS countries, toward reducing reliance on the dollar in trade and financial transactions reflects the beginning of the erosion of the monopoly position the dollar has enjoyed for decades. These multipolar policies are beginning to have a clear impact on the balance of monetary power worldwide."

internal factors

Regarding the situation in Iraq, according to the expert, "The recent decline in the dollar exchange rate is due to a decline in local demand during Ramadan, when commercial activity and travel decrease, leading to a temporary decline in demand for hard currency. However, this decline is not sustainable, and the dollar is likely to rise again when demand returns to normal levels, especially with the approach of the summer import seasons, or if obstacles arise in the flow of foreign currency into the Iraqi market."

The professor of international economics concluded his remarks by saying, "The decline in the dollar exchange rate we are seeing reflects a state of economic anxiety and uncertainty rather than a long-term strategic shift."

Al-Saadi stated that "the dollar will not easily lose its global standing, but it is no longer the unrivaled currency, and the world is gradually moving toward new monetary balances that will have profound repercussions for developing economies, including Iraq."  link

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Tishwash:  Soon... Indications of an Oil Discovery in Iraq

Positive indicators are increasing that strengthen the chances of announcing a new oil discovery in southern Iraq, amid active government moves to activate the latest licensing rounds and expand the scope of investment in exploration blocks, which will contribute to raising the country's production capacity in the short and medium term.

According to a statement reviewed by the Washington-based Energy Platform, the Joint Management Committee for the seventh exploration block held its first meeting on Wednesday, April 23, 2025, headed by the Director of the Wasit Oil Authority, Engineer Ahmed Mahdi Sabri, and attended by officials from the Chinese company CNOOC, to which the block was awarded as part of the fifth and sixth supplementary licensing rounds.

This meeting is seen as a first step towards a project that could lead to a confirmed oil discovery in one of the richest potential hydrocarbon reserves.

During the meeting, it was agreed to approve the work program and operating budget for 2025, in addition to affirming the joint commitment to implementing global best practices in exploration and development.

Oil discovery site

According to technical assessments conducted by the operating company, Block 7 shows strong initial indications of promising oil reserves.

The geographic scope of the block includes the governorates of Diwaniyah, Hillah, Muthanna, Wasit, and Najaf, giving the project a strategic dimension, particularly as CNOOC intends to adopt advanced technologies that will contribute to enhancing the chances of a highly economically viable oil discovery.

It's worth noting that this move comes as part of the Iraqi Ministry of Oil's efforts to revitalize recently signed licensing contracts, in line with the goals of the government's program and the state's vision to promote comprehensive development.

Oil exploration in Iraq

Iraq's oil exploration portfolio is witnessing a significant shift. On October 27, 2024, the Ministry of Oil signed the final contracts for the latest licensing rounds, in the presence of Oil Minister Hayan Abdul-Ghani. Abdul-Ghani announced that these agreements will contribute to the addition of 750,000 barrels per day of crude oil, in addition to the production of 850 million standard cubic feet of gas per day.

The minister affirmed that the ministry has ambitious plans to develop new exploration blocks, which constitute a pivotal part of Iraq's oil exploration strategy for the next phase.

The contracts cover vast areas, including the Al-Faw, Jabal Sanam, Sumer, Adan, and Abu Khaima fields, in addition to the Al-Khulaisiyah and Middle Euphrates fields, enhancing the geographical diversity of investment opportunities.

Through these tours, the ministry seeks to attract quality investments that will secure the fuel needed for power plants and manufacturing industries, and open up broad prospects for employing Iraqi personnel, making oil exploration in Iraq an extremely important development tool.

Production challenges and international commitments

In contrast, the Iraqi government is still required to reconcile its investment expansion with its international obligations under the OPEC+ alliance.

In April, Baghdad announced its commitment to reduce oil production by 120,000 barrels per day, with the reduction set to increase to 140,000 barrels in May and June to compensate for production overruns over the past year.

During the Sulaymaniyah Forum on April 16, 2025, the Oil Minister stated that Iraq is seeking to persuade OPEC to increase its production quota, at a time when the market is witnessing increasing pressure to control supplies.

Abdul Ghani indicated that his country intends to extend exclusive invitations to American companies, such as Exxon Mobil and Chevron, to strengthen their presence in oil exploration projects in Iraq. link

Mot:  .. Remember!!!! ---- ONE!!!

Mot: . OK -- Thats It!!! -- I ~~~~~

News, Rumors and Opinions Friday AM 4-25-2025

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

RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 25 April 2025

Compiled Fri. 25 April 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Judy Note: The announcement of the Global Currency Reset has not yet been made and we will not be able to set exchange appointments at Redemption Centers until we are officially notified. However, we appear to be very close.

Evidently early this morning of Thurs. 24 April 2025 around 2 am EST the Vietnamese Dong began to trade wildly on the market, and within hours, banks closed their sales of the Dong and Dinar. That tells us we are very close.

The below are videos that were made on the RV after that wild market trading began. Most talk of exchanging your currency at banks. Remember, we have been promised higher rates if we exchange at an official Redemption Center.

Global Currency Reset Underway:

Thurs. 24 April 2025 Bruce The Big Call: Likely Tier4b (us the internet group) will be sent notification to set exchange appointments over the weekend and start appointments on Monday 28 April because that’s when Redemption Center staff has been asked to come in and work. The Contract Rate on the Dinar was in the low 80s, but you must have a humanitarian project to qualify and the contract rate on the Dinar is only available at a Redemption Center.

Thurs. 24 April GCR Revaluation: Dinar Holders ALERT! The Fastest Way to Exchange Your Dinar – Appointment Tips! RV News Iraqi Dinar – YouTube https://youtu.be/jcE5hag-l1U?si=C_O1l2J7Tirbgdcg

Thurs. 24 April 2025 Dong Revaluation Update: Vietnamese Dong CRASHES the Global System? | Massive VND Revaluation Shock Just Hit!

Thurs. 24 April 2025 Dinar Revaluation Update: $4.31 Exchange Rate: Dinar RV CONFIRMED on Live TV – $4.31 Exchange Rate Announced! – Time to Cash In! Iraqi Dinar

Chase Bank Now Exchanging Dinar: Chase Bank Just Changed Everything for Dinar Holders! 25K IQD Accepted Iraqi dinar news today 2025

Thurs. 24 April 2025 Majeed KSA on X from the Iraqi guy @snwse21: “A friend of mine lives in Switzerland called me and said that the digital Iraqi dinar has appeared on electronic trading platforms in the United States. But the exchange rate has not changed.” https://x.com/majeed66224499/status/1915545963604726017?s=57 

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Thurs. 24 April 2025 BOMBSHELL: TRUMP’S $150 TRILLION PLAN — THE TRUST FUND HIDDEN FOR 161 YEARS …Quantum Financial System on Telegram

While the world scrolls, Trump loads the system. Beneath the chaos of headlines and media theater, the real shift happens in silence. Financial intelligence insider Jim Rickards has revealed that Donald J. Trump is preparing to unlock the largest hidden trust fund in human history:

$150 trillion in untapped natural resources
— copper, lithium, rare earths, energy assets
— buried beneath U.S. soil for 161 years.

This isn’t digital wealth. This is tangible power. And after a pivotal Supreme Court decision, the final legal barrier standing in Trump’s way has been removed. While the media spins distractions, Trump prepares to ignite the age of economic resurrection.

THE $150 TRILLION TRUST — AMERICA’S BURIED INHERITANCE For over a century and a half, America’s hidden treasure has remained locked away. Copper, lithium, uranium, rare earth minerals, gold, oil — valued at over $150 trillion, enough to:

– Erase the national debt
– End foreign energy dependence
– Rebuild infrastructure
– Restore monetary sovereignty

So why has it been suppressed? For decades, federal agencies guarded this wealth behind the Chevron Doctrine — a legal firewall that empowered unelected bureaucrats to dictate access and control over these resources, all while the global elite siphoned value through foreign deals and debt.

THE CHEVRON DOCTRINE FALLS — THE LOCK IS BROKEN Since 1984, the Chevron Doctrine has been the ultimate cage, giving federal agencies unchecked power. But now? The Supreme Court has just overturned it. The legal lock is gone. Trump, or any executive leader, now holds the key to challenge federal overreach and unlock America’s buried inheritance. This isn’t just a legal shift. It’s the trigger for the greatest energy and resource transition in human history.

TRUMP’S RESET — SOVEREIGNTY THROUGH RESOURCES Trump’s promise to “drain the swamp” wasn’t just political. It was economic warfare. With the Chevron Doctrine overturned and $150 trillion in resources at stake, Trump is positioned to:

– Rebuild America from within
– Crush foreign dependency
– Redirect the monetary system to tangible value
– Launch an economic reset grounded in sovereignty.

Trump’s return isn’t just about leading a nation — it’s about flipping the global economic system on its head. And the elites know it.

QUIET MOVEMENTS INTO XRP, GOLD & ENERGY While the public is kept in the dark, the elite are already repositioning:

– XRP — primed as global liquidity for what’s coming
– Gold, silver, uranium — tangible assets for the new standard
– Rare earths and domestic energy — the core of the $150T trust

Elite family offices, BlackRock, and institutional investors are already moving. Legislation is being rewritten. Assets are migrating into tokenized systems, ready for the shift. This isn’t crypto hype. This is the silent reconfiguration of global economic power.

WHY YOU HAVEN’T HEARD ABOUT THIS? Why is this silent? Why the media blackout? Because this isn’t meant for the masses yet. It’s strategic. While they distract with cultural battles and political theater, the foundation for Trump’s return and the activation of this trust is quietly being built.

THIS IS NESARA/GESARA — THE RESET BEHIND THE RESET For years, NESARA and GESARA have been mocked as fantasy. But their blueprint — debt erasure, sovereignty, global economic renewal — is exactly what this $150 trillion trust embodies. This is the architecture of NESARA/GESARA taking form:

– National debt erasure
– Resource-backed value replacing fiat fraud
– Legal barriers collapsing
– Digital infrastructure rising
– Trump returning not just as a politician, but as executor of this plan

Read full post here:  https://dinarchronicles.com/2025/04/25/restored-republic-via-a-gcr-update-as-of-april-25-2025/

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

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:
World Bank is saying Iraq is now economically stable.  FRANK:  IMO the World Bank is trying to tell the world Iraq has a new exchange rate or they wouldn't make such a bold and stupid statement like that.  The WTO doesn't require a new exchange rate but it does require your currency not to have any restrictions on it, therefor allowing it to go up in value when they are ready...

Militia Man   Article quote:  "The World Gold Council announced Iraq would rank 28th globally and 4th in the Arab world in gold purchases and reserves in 2025.  This confirms the central bank is proceeding steadily to achieve the objectives of monetary policy and reducing inflation, controlling the general price level, controlling the money supply, maintaining the dinar exchange rate within the target rate for the public and continuously monitoring and analyzing the interest rate set by the central bank..."  Iraq is clearly doing the things right...Whether she's at 1310 today or a new fresh real effective exchange rate, she has the tools used now that will do the same in the future...

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Monetary Reset - The Mar a Largo Accords; This is Real

Edu Matrix:  4-24-2025

Monetary Reset - The Mar-a-Largo Accords; This is Real –

In this video, we break down how Trump’s economic adviser, Stephen Miran, is working to reshape the global financial system through a bold new plan called the Mar-a-Largo Accords.

Discover how this strategy, inspired by the 1985 Plaza Accord, could dramatically shift global trade relations, impact the U.S. trade deficit, and influence how currencies are valued worldwide.

Learn how the plan proposes tariffs, currency adjustments, and a deeper link between trade and national security. Is this the start of a new economic era or a risky gamble?

We’ll explain this for investors, policymakers, and global markets.

00:00:00 Edu Matrix Channel Intro

 00:00:19 U.S. Re-evaluation of Gold

00:00:35 Sovereign Wealth Fund

00:00:54 Global Investor Behavior

00:01:09 Importance of Information

00:01:23 Disclaimer

00:01:30 Stephen Miran and the Mar-a-Lago Accord

00:01:50 Key Elements of the Accord

00:02:56 Inspiration and Aims

00:03:09 Controversies and Global Reactions

 00:03:37 Stephen Miran's Role

00:03:57 Iraq's Economic Position

 00:04:25 Final Thoughts on IQD

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

Seeds of Wisdom RV and Economic Updates Thursday Evening 4-24-25

Good Evening Dinar Recaps,

US SEC DELAYS DECISIONS ON POLKADOT AND HEDERA ETFS AS AGENCY WEIGHS DOZENS OF CRYPTO PROPOSALS

The SEC is extending its deadline to June 11, according to filings published on Thursday.

It will also delay a decision on the Bitwise Bitcoin and Ethereum ETF until June 10.

The U.S. Securities and Exchange Commission is pushing back its deadline for a few proposals to list and trade crypto funds based on Polkadot and Hedera's tokens. The agency is weighing dozens of filings to launch crypto exchange-traded funds.

The SEC is delaying its decision until June 11 to approve or disapprove a proposal from Grayscale to convert its Polkadot Trust as well as one from Canary to list an HBAR ETF, according to filings posted on Thursday. It originally had until the end of this week to make a judgement. The agency is also delaying a decision on the Bitwise Bitcoin and Ethereum ETF until June 10.

"The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change, as modified by Amendment No. 1, so that it has sufficient time to consider the proposed rule change and the issues raised therein," the agency said in the HBAR filing.

Filings for the Grayscale Polkadot Trust and the Canary HBAR ETF were made in February as firms look to launch a variety of crypto ETFs in what is expected, and is so far, a crypto-friendlier SEC.

Since President Donald Trump took office in January, the SEC has shown an openness to the crypto industry through public crypto roundtables while also dropping several lawsuits against crypto firms. The next roundtable is on Friday and is focused on crypto custody.

Under former SEC Chair Gary Gensler, the agency approved the listing of spot Bitcoin ETFs in January 2024 and spot Ethereum ETFs later in July, following a decisive court ruling brought on by Grayscale.

@ Newshounds News™
Source:  The Block

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BRICS: EUROPEAN PARLIAMENT IN FINAL TALKS TO REMOVE CHINA SANCTIONS

The European Parliament is in the “final stages” of discussions with Beijing about removing sanctions on China, according to a Parliament spokesperson. “Discussions with the Chinese authorities are continuing and in their final stages,” the spokesperson said Thursday. The Chinese government put retaliatory sanctions on some MEPs in 2021, after the EU sanctioned some Chinese officials and entities over alleged human rights abuses in Xinjiang.

European Parliament President Roberta Metsola “will first inform group leaders once there is official confirmation from the Chinese authorities that sanctions have been lifted. It has always been the EP’s intention to have sanctions lifted and resume relations with China”, the spokesperson added.

Further sanctions, amounting to a visa ban and asset freezes in mainland China, Hong Kong, and Macau, were applied to a group of EU ambassadors who sat on the powerful European Council’s Political Security Committee, as well as the Mercator Institute for China Studies think tank and several other researchers. It is unclear if those sanctions are also set to be lifted, as representatives have yet to comment on further sanctions being cleared.

More Good News For China

The news is another positive for China, which earlier today also found out that their tariffs from the US may be lowered to 50%. 

The Trump administration currently examines different methods for reducing the American trade barrier on Chinese imports, which he imposed in his second term, through possible reductions of 50% to 65%. Ears of political representatives are exploring a plan that duplicates previous House Committee on China recommendations.

China, meanwhile, has embarked on a charm offensive of its own, trying to rally European governments to fight Trump’s duties together. On Tuesday, China’s Foreign Minister Wang Yi spoke by phone with the foreign ministers of Austria and Britain, in an effort to convince them to oppose US moves.

“The US uses tariffs as a weapon to launch indiscriminate attacks on various countries … as a responsible country, China has stood up to stop it, not only to safeguard its own legit rights and interests, but also to safeguard international rules and the multilateral trading system,” Wang said.

@ Newshounds News™
Source:  Watcher Guru

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So… Is It Over? And The Surprising Player That Is Holding The Cards

So… Is It Over? And The Surprising Player That Is Holding The Cards

Notes From the Field By James Hickman (Simon Black)  April 23, 2025

Franklin Roosevelt pressed the red emergency button to stop the elevator on the way down to his private dining room. The King of Saudi Arabia was waiting for him, but the President wanted to smoke a couple of cigarettes first.

 It was 11:30 in the morning on Valentine’s Day, 1945. World War II was nearing its end, and Roosevelt had just come from the famous Yalta Conference with Winston Churchill and Joseph Stalin to discuss what post-war Europe would look like.

 But on the way back home, Roosevelt went out of his way to meet with the Saudis. Legendary amounts of oil had been discovered in the Arabian desert a few years before and knew that such vast energy reserves would be strategically important to the United States after the war.

 The problem was that Roosevelt was on death’s door at that point. His doctors had urged him not to go, but the President overruled them, sensing that the trip would solidify American interests.

 He was right-- it was a critically important trip. But the doctors were right too-- it was obvious the trip had taken its toll, and a senior aide described FDR as “helpless in fatigue”.

 The quick smoke break on his way to the lunch meeting was Roosevelt’s quick moment to relax, gather his wits, and put his game face on before taking on King Abdulaziz.

 Apparently, the cigarettes did the trick, because Roosevelt was able to summon enough strength to build great rapport with the King.

 As US Marine Colonel William Eddy (who was present at the meeting) later described, “the King and the President got along famously together” and became fast friends.

 Roosevelt and Abdulaziz discovered they were the same age, both deeply interested in agriculture, and even shared similar physical handicaps.

 In fact, Roosevelt gave one of his own wheelchairs to the King as a goodwill gesture, which Abdulaziz later recalled was “my most precious possession [from] my great and good friend President Roosevelt.”

 President Roosevelt with King Ibn Saud aboard USS Quincy, 14 February 1945. Naval History & Heritage Command, Public domain, via Wikimedia Commons.
Roosevelt died less than two months later. But he had planted the seeds of a relationship with Saudi Arabia that soon became very important… and eventually critical to the United States.

 In the 1940s and 1950s, the US economy grew leaps and bounds and had an insatiable appetite for energy; Saudi oil played a key role in fueling that growth, and both nations prospered from the relationship.

 Their amity was put to the test in the 1970s when the US dollar was taken off the gold standard. World leaders revolted, and the dollar’s standing as the global reserve currency could have ended very quickly.

 But Saudi Arabia stuck with the dollar. And in 1974, the two countries inked a new economic cooperation deal: the US would provide security and technology, and the Saudis agreed to maintain their currency peg to the dollar… which ultimately meant that oil would still be sold exclusively in US dollars.

 If the Saudis had gone the other way and abandoned the dollar, America could have lost its global financial dominance by the end of the 1970s.

 Instead, Saudi Arabia’s commitment encouraged (and realistically forced) the rest of the world to continue to hold US dollars, even if just for the sole purpose of buying oil from OPEC.

 As a result, the US dollar has remained the global reserve currency through this day-- which is the ONLY reason why America can have a $36+ trillion national debt or run multi-trillion-dollar deficits each year… and yet the world keeps buying US government bonds.

 Saudi Arabia could now be poised for another big decision that will have a major impact on America’s future dominance.

 But first-- as of today, it appears that the Trump administration may be climbing down from hard-nosed positions they had adopted as recently as Monday.

 Suddenly now the President doesn’t want to fire Fed Chairman Jerome Powell. Suddenly the gazillion percent tariffs on China are “too high”. Suddenly Elon thinks that he is spending too much time at DOGE.

 Granted, all of this could change by the time I finish writing this article. Such are the times in which we live.  However, it seems that the administration is feeling the pressure from the bond market rout, the stock market rout, the currency market rout.

 It’s all very Truss-ian, i.e. reminiscent of 2022 when then-British PM Liz Truss had to resign after domestic financial markets crashed and investors vomited all over her economic plan.

 Obviously, the guys in the US aren’t going to resign. But it appears that they’re capitulating to investors’ demands: “Go back to the way things were in March… keep hitting the woke universities, keep policing the border, keep doing all the other stuff. Just leave trade alone.”

 So, is the economic war already over? Who knows. But even if they really are backing down, it remains to be seen if the rest of the world will simply forget about the past month and move on.

 How much trust and confidence will other nations continue to have in the dollar, and in the United States? Already, over the past several years, there has been serious effort from the Usual Suspects (i.e. Russia, China, Iran, etc.) to de-dollarize.

 Some of their efforts have been laughable. Others have made great progress.

And Saudi Arabia may once again be the key swing vote.

 Saudi’s Crown Prince, Mohammed bin Salman (MBS), knows his kingdom’s oil will eventually run out, and he’s desperately seeking to build a real economy to replace it.

 On one hand, Saudi Arabia has a longstanding relationship with the US-- though one that has clearly soured over the years. On the other hand, he has the Chinese offering all sorts of cash and prizes.

 China knows that the petrodollar, i.e. selling oil in US dollars, is a key driver for global US dollar demand… which props up the US government and supports America’s gargantuan national debt.

 Chipping away at that dollar demand will really hurt the United States. China wants this to happen. And they’ve been pushing Saudi Arabia to start selling oil in Chinese yuan, i.e. petroyuan.

 Bottom line, MBS is going to have to make a decision about whether partnership with China or the US is better for his kingdom over the next several decades.

 If he sticks with the US and rejects Chinese overtures, it will go a long way in keeping other countries in line, eliminating doubts about America, and maintaining the dollar as the reserve currency-- for now.

 On the other hand, if he decides that China is the better option and starts selling oil in yuan, it could be crippling for the US economy.

 Foreigners holding trillions of US dollar assets would no longer need to maintain such vast dollar reserves. The dollar would plummet as a result, US government bond yields would skyrocket, and inflation would surge.

 Saudi Arabia is holding a lot of cards right now regarding the fate of the dollar… which is a key reason why Donald Trump himself is heading there in a few weeks.

 Make no mistake-- this is a monumental story in the making.

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

https://www.schiffsovereign.com/trends/so-is-it-over-and-the-surprising-player-that-is-holding-the-cards-152673/?inf_contact_key=1a1395d576eb132fe2337702a4b5f5e6b51161ba063939a3213f94f46454e7e9

Taboola the same on the Bottom of Posts

Gold Is Being Remonetized – Why $10K Gold & $50 Silver Are Now in Sight | Florian Grummes

Gold Is Being Remonetized – Why $10K Gold & $50 Silver Are Now in Sight | Florian Grummes

Kitco News:  4-24-2025

Gold is pulling back from record highs above $3,500/oz — but is this just a pause before the next surge?

Silver is up over 3% in a single day, and some analysts say it's finally “waking up.” Azerbaijan’s State Oil Fund just added nearly 19 tonnes of gold in Q1, signaling fresh sovereign accumulation.

 Meanwhile, Treasury Secretary Scott Bessent says there's “an opportunity for a big deal” with China on trade. Could this reshape global capital flows — and set the stage for silver to explode?

Florian Grummes, Managing Director of Midas Touch Consulting, joins Kitco News Anchor Jeremy Szafron to break down silver’s technical breakout, China’s strategic push to internationalize the yuan with gold, and what’s next for precious metals.

 They also explore the gold/silver ratio, mining stocks like Silver Tiger Metals and First Mining Gold, and whether silver can really hit $50 this spring.

00:00 Introduction

00:59 Sovereign Gold Accumulation

02:12 Gold Price Predictions and Trends

04:16 US-China Trade Relations Impact

 09:33 China's Strategy and Global Gold Flows

16:13 Gold and Silver Market Dynamics

26:18 Mining Stocks and Investment Opportunities

 32:06 Conclusion

https://www.youtube.com/watch?v=Tw5qIuZzIlk

More News, Rumors and Opinions Thursday PM 4-24-2025

Ariel: 34 Countries Meeting with Trump

4-23-2025

34 countries meeting with Donald Trump.

A New Deal
Fair Trade
Currency Parity
Equal Value

~ Monetary Revaluation

The trade summit between Donald Trump and 34 nations is profoundly significant for humanity, as it holds the potential to liberate global populations from the Deepstate’s oppressive grip, fostering a new era of economic and political sovereignty.

 By challenging the entrenched systems of currency manipulation, unfair trade practices, and centralized control, these negotiations could empower nations to prioritize their citizens’ welfare over elite interests, reducing economic exploitation and fostering self-sufficiency.

The potential exposure of covert intelligence operations, secret society networks, and manipulative agendas in energy, technology, climate, and pharmaceuticals could awaken humanity to the hidden forces shaping their lives, sparking demands for transparency and accountability.

This shift threatens to dismantle the unipolar order, replacing it with a multipolar world where nations and individuals reclaim agency, free from the Deepstate’s financial, technological, and narrative stranglehold.

Ultimately, this could pave the way for a fairer, more equitable global system, where humanity’s potential is no longer shackled by orchestrated dependency and deception.

Source(s):
https://x.com/Prolotario1/status/1915168587276574857
https://x.com/Prolotario1/status/1915182335495983589

https://dinarchronicles.com/2025/04/23/ariel-prolotario1-34-countries-meeting-with-trump/

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

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

Henig  IMO Vietnam wants trade with the US immensely, and is willing to be quite flexible to maintain that relationship. Remember that the number one thing that Trump seeks is fairness in the market--and top of the list of enabling factors is a fair exchange rate, with no exchange rate manipulation.

Militia Man  Article:  "What are the real reasons behind the delay in sending budget tables?"  So, the cat is finally out of the bag. They are now saying what we could see...Article 12 of the 2023-2024 Budget is being withheld publicly. It is clearly exchange rate related! What they are saying is now in print that the street knows what we know and this is supporting our view...

Frank26   Article:   "Baghdad prepares to receive a Kurdistan delegation...a decisive round to turn the page on disputes"  The only dispute is that we don't have a new exchange rate.  IMO that's what this conversation is going to be about.  It's not about the oil.  It's not about flowing the oil.  The oil is not about the HCL. It's not about Article 140.  It's about a new exchange rate IMO.

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

Bessent Slams IMF - But Real Warning Was About the Dollar

Taylor Kenny:  4-24-2025

U.S. Secretary of the Treasury Scott Bessent publicly challenged the International Monetary Fund (IMF) and the World Bank, accusing them of "mission creep" and calling for a rebalancing of the international financial system.

While the headlines may focus on global policy debates, the deeper message is clear: the dollar system, as we know it, is breaking

As Taylor Kenney explains, the system that holds your savings, retirement, and financial future is undergoing a fundamental transformation—and it's time to prepare.

https://www.youtube.com/watch?v=RfD7qs5DAls

Gold Hit $3,500 — Then Something Strange Happened

Goldcore TV:  4-24-2025

Gold’s recent surge to $3,500 wasn’t just a price event — it was a warning shot.

A sudden, sharp revaluation not just of gold, but of everything investors thought they understood about the system.

While the media called it a rally, #centralbanks were quietly doing something else: doubling down. Not on yield. Not on growth. But on sovereignty. On protection. On something real, in a financial system increasingly built on hope and hashtags.

 This GoldCoreTV episode breaks down what really happened at $3,500 — and why it wasn’t the end of the bull market, but the beginning of something deeper.

 We explore: Why gold’s spike wasn’t about inflation — but about institutional panic

How central banks are quietly rebelling, buying over 1,000 tonnes a year

Why #silver’s silence is actually a signal, not a failure

What the gold-silver ratio is telling us about timing and opportunity

 Why “buying the dip” isn’t a strategy for central banks — and shouldn’t be for you

This isn’t about timing a trade. It’s about understanding the message behind the move.

Because when trust evaporates, gold doesn’t rise in a frenzy — it rises in silence.

https://www.youtube.com/watch?v=a550YLJwxLA

Iraq Economic News and Points to Ponder Thursday Afternoon 4-24-25

The Iraqi Dinar Regains Its Strength Against The Dollar

Thursday, April 24, 2025, 8:20 PM | Economic Number of readings: 64

Baghdad / NINA / The exchange rate of the dollar against the dinar decreased, Thursday evening, in Baghdad and the Kurdistan Region.

The exchange rate in the Al-Kifah and Al-Harithiya stock exchanges in Baghdad reached 144,600 dinars for every 100 dollars.  This morning, the dollar recorded 145,200 dinars.

In the local markets in Baghdad, the selling price reached 145,500 dinars for every 100 dollars, and the purchase price was 143,500 dinars.

In Erbil, the dollar price also decreased, with the selling price reaching 145,200 dinars for every 100 dollars, and the purchase price reaching 145,100 dinars for every 100 dollars. /End https://ninanews.com/Website/News/Details?key=1199962

The Ministry Of Finance Announces The Launch Of The Third Issue Of National Bonds For Public Subscription, With A Value Exceeding 2 Trillion Dinars.

Ministry of Finance. "Internet"  Money and Business  Economy News – Baghdad  The Ministry of Finance announced on Thursday the launch of the third issue of national bonds for public subscription, valued at more than 2 trillion dinars.

The Ministry's media office stated in a statement, seen by Al-Eqtisad News, that "the Ministry of Finance, represented by the Public Debt Department and in cooperation with the Central Bank of Iraq, announces the offering of the third issue of national bonds for public subscription with a total value of (2,262,942,000,000) trillion Iraqi dinars."

She explained that the categories of bonds offered are:

* 500,000 Iraqi dinar bond
8% annual return paid every six months for two years.

* 1,000,000 Iraqi dinar bond
10% annual return paid every six months for four years.

The subscription period starts on April 20, 2025 and ends on May 20, 2025.

She pointed out that "the subscription method:

Submit purchase requests at branches of banks authorized by the Central Bank of Iraq.

Attach the required identification documents.

Transfer the amount via RTGS on the subscription day.

A temporary receipt will be issued until the bond is prepared and delivered later," she said, calling on citizens, investors, and companies to "participate in this issue to benefit from fixed returns and a government guarantee."  https://economy-news.net/content.php?id=54805

Iraq Stock Exchange: Trading Volume Exceeded 11 Billion Dinars During Five Trading Sessions In The Third Week Of This Month

Thursday, April 24, 2025, 15:57 | Economic Number of readings: 128  Baghdad / NINA / The Iraq Stock Exchange announced today that it traded shares worth more than 11 billion dinars during five trading sessions in the third week of April.

According to financial market indicators, the number of traded shares during this week amounted to more than 6 billion shares with a trading value of more than 11 billion dinars.

The ISX60 market trading index closed for the first session of the week at (1060.86) points, while the index closed at the end of the week at (1046.17) points, achieving a decrease of (1.40%) compared to its closing at the beginning of the session.

The ISX15 market trading index closed for the first session of the week at (1116.50) points, while the index closed at the end of the week at (1101.48) points, achieving a decrease of (1.36%) compared to its closing at the beginning of the session.

During the week, the market executed (4387) buy and sell contracts on the shares of companies listed on the market. /End   https://ninanews.com/Website/News/Details?key=1199888

Government Activity And The Establishment Of Development Through The Pioneering Sector

Economy News – Baghdad  Dr. Haitham Hamid Mutlaq Al-Mansour  The recent economic climate has witnessed a clear evolution in the crystallization of the state's developmental role, in the movement of correction towards construction and reconstruction, especially in important structural aspects in the services sector and the employment sector, and focused steps to adjust the development path with the aim of revitalizing what was frozen in the previous government and completing stalled projects.

Perhaps the important question at this stage is about which development directions the current government should take in order to advance the correction and development process to its sustainable goal? And in which sector should it begin?

There are many development approaches addressed by theories of economic development that are feasible, but they may clash with the Iraqi economic reality, which suffers from a structural imbalance in production and demand. Therefore, the macroeconomic policy maker must start with what is possible and work to correct the sources of that possibility. In other words, development in the Iraqi economic reality must proceed from the following two axes:

First: Dealing scientifically with the economic reality and its distortions by entering into a thorny network of economic relationships that can lead to correcting the structural imbalance. These relationships are described as long-term and require a long period of time that includes the recovery of all agricultural, industrial, commercial, monetary, financial, and other sectors.

They assume a high degree of sector integration and high flexibility of the marginal substitution rate between the factors of production in its various sectors, in light of a complete reduction of the total cost functions. This requires significant financial, material, and human capabilities to diversify the structure of the economy and correct what has been distorted by decades of incorrect development policies and neglect, as this goal requires a long time to achieve or begin its path.

Second: Dealing realistically with the problematic data of the economic structure through planning for comprehensive development in the leading sector, namely the oil sector, starting from it to correct the distortion in the oil industry, through vertical concentration in the activities of the oil industry, including extractive, refining, and petrochemicals. This sector is the leading sector in enabling the development process through its forward and backward connections with other sectors and activities of the national economy.

The second approach is distinguished by its utmost importance in taking a strategic step to deepen the impact of the leading sector, as it enjoys material and financial returns that fall within the short-term limits, which often express the effectiveness of the overall policy in the macroeconomics.

The proposed approach of effective management of oil rents aims to achieve the correct combination of industrial interconnections between the rentier sector and other sectors to eliminate the displacement effect of rentier activity on other economic sectors, and to enhance the economic role of these sectors by linking them to the aforementioned sector, given its impact in directing government spending towards investment in infrastructure, social, health, and education systems necessary for the development process.

The experiences of rentier states similar to the Iraqi economy indicate that they have adopted a development approach in which annual budget items must be organically linked to the financial allocations of the general budget over the short, medium, and long terms. This is in addition to establishing a sovereign fund to invest oil surpluses sustainably in productive projects that generate material and social returns.

Now that the state has regained its ability to manage its resources and entered into many strategic projects with multiple economic links, it is possible to establish a governmental development axis capable of benefiting from the sustainable financial management mechanisms of the leading sector through a development approach that can be followed to achieve real results: It is represented by launching development from the leading sector that has the absolute advantage in contributing to the gross domestic product,

as it is likely that development will extend through this sector vertically and horizontally to and from the rest of its parts, and with the various sectors contributing to the chain of exchange of outputs and inputs, and focusing development activity on many sectors with organic horizontal interconnections that are likely to be of great importance to the development process in order to direct financing and investment activity towards its optimal function.

Therefore, I see the possibility of the government taking this development direction by planning for the oil sector and developing it vertically through planning for related internal activities such as the transformational industries in many economic sectors such as the construction and building sector and the electricity services sector, which are related to domestic consumer demand and would reduce the volume of imports.

On the one hand, on the other hand, the government must draw up a development plan to attract activities from weak sectors to achieve consistency in sectoral growth to raise their contribution to the GDP.

To enhance the proposed approach, a protective trade policy must be adopted that works to develop domestic demand for many industries branching off from the leading sector with organic links, and raise the levels of the GDP.   https://economy-news.net/content.php?id=54790

Rashid Bank Disburses Interest On National Bonds To Beneficiaries

Buratha News Agency1492025-04-24   Rashid Bank announced today, Thursday, the payment of semi-annual interest on national government bonds to their beneficiaries. This is part of its full commitment to the specified timetable and to enhance investor and citizen confidence in the Iraqi financial and banking system.

The bank's media outlet stated in a statement that this step comes within the framework of its ongoing support for the Ministry of Finance's efforts to stimulate the local financial market and encourage citizens to invest in government debt instruments with attractive returns and limited risks.

The bank also invited citizens interested in investing in government bonds to visit its branches across Baghdad and the governorates to take advantage of the opportunities that provide a steady and secure income.

He pointed out that the interest payment process was carried out according to approved mechanisms and in line with the instructions issued by the Central Bank of Iraq. https://burathanews.com/arabic/economic/459199

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

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 4-24-25

Good Afternoon Dinar Recaps,

CME GROUP TO LAUNCH XRP FUTURES IN MAY

Top derivatives firm, CME Group, is set to launch XRP futures in May, offering more options for traders in the digital asset market.

▪️Derivatives marketplace CME Group will launch XRP futures on May 19, pending regulatory approval.

▪️Contracts are available in two sizes, cash-settled with a daily reference rate.
Other firms like ProShares filed for three XRP futures ETFs with the U.S.SEC.

▪️Other firms like ProShares filed for three XRP futures ETFs with the U.S.SEC.

Global leading derivatives marketplace CME Group has confirmed adding XRP futures to its list of cryptocurrency derivatives products.

The launch is planned for May 19, pending the green light from regulators. This recent development is part of the firm’s continued effort to meet growing demand from investors looking for alternatives in the digital asset market.

Details on the New XRP Futures Contracts

According to CME Group, the XRP futures will be available in two contract sizes. As detailed, one will cover 2,500 XRP while the other will be much larger, representing 50,000 XRP.

It is worth mentioning that both contracts will be cash-settled. Pricing will be based on the CME CF XRP-Dollar reference rate, a daily benchmark calculated at 4:00 p.m. London time.

This rate reflects the value of XRP in U.S. dollars and is used to provide a consistent and fair settlement process. This addition will expand CME Group’s existing digital asset offerings.

The CME Group exchange currently provides futures and options for the most prominent cryptocurrencies, Bitcoin and Ethereum. It also expanded its crypto offerings with the launch of Solana (SOL) futures. With XRP now added to the lineup, CME is ready to provide traders with a broader range of tools to manage their exposure to digital assets.

Since entering the digital asset ecosystem, the exchange has recorded a consistent increase in interest in its crypto products. In the first quarter of 2025, the average daily volume for crypto futures was 198,000 contracts. This represents a notional value of $11.3 billion, showing strong year-over-year growth.

Open interest also grew to an average of 251,000 contracts, equal to $21.8 billion in notional value. SOL futures, which began trading in mid-March, recorded more than 43,000 contracts traded, with a total notional value of $705 million.

Rising Demand for Regulated XRP Offerings

CME Group’s decision to offer XRP futures reveals the increasing role of regulated financial instruments in digital asset trading. Based on market sentiment, as more investors seek alternatives for BTC and ETH, exchanges respond by introducing products linked to other tokens.

XRP, the cryptocurrency associated with Ripple Labs, has gained attention for its practical use in financial transactions. Its speed and low cost have made it popular among everyday users and institutional investors.

With XRP’s inclusion, CME Group is widening access to futures trading in an evolving space. This also signals that traditional financial institutions are paying closer attention to how digital assets can fit into mainstream portfolios.

In addition to CME Group’s announcement of launching XRP futures, the digital asset has made headlines lately following the conclusion of the Ripple vs. SEC case. The settlement with the U.S. Securities and Exchange Commission has arguably renewed confidence in XRP’s position, paving the way for increased institutional interest.

Coinspeaker noted earlier that ProShares has joined the race for the XRP ETF. In a recent SEC filing, the firm revealed plans to launch three XRP futures-based ETFs. This move signals growing competition and a more competitive investment appetite in the XRP space.

@ Newshounds News™
Source:  CoinSpeaker\

~~~~~~~~~

BRICS: CHINA OFFICIALLY LAUNCHES PLAN TO PROMOTE ITS OWN PAYMENT SYSTEM

BRICS member China officially rolled out a plan to promote its own payment system to replace SWIFT. The Communist country aims to reduce US dollar dependency to confront Washington’s aggressive stance on trade and tariffs. The new plan was jointly released by the Shanghai municipal government and the People’s Bank of China, the country’s central bank.

The new payment system from BRICS member China will incorporate the Chinese yuan through the Cross-Border Interbank Payment System (CIPS). China wants to leverage its dominance in the manufacturing and trade sector and push the Chinese yuan for settlements.

BRICS: China Will Take on SWIFT Through CIPS Payment System

The BRICS country China revealed that it will “enhance the functionality” of CIPS and challenge the Western-dominated SWIFT payment system. “Promote the use of the renminbi in belt and road partner countries, and build a trade and investment service system based in Shanghai to facilitate the global circulation and use of the renminbi,” the plan stated.

The plan also states that the Xi Jinping administration will strengthen financial support to Chinese enterprises “going global”. “Enabling all types of market players to engage in international competition and cooperation in a safer, more convenient and efficient manner,” read the report.

China will also allow other BRICS members to settle cross-border transactions without the US dollar in the new payment system. Beijing is looking to internationalize the Chinese yuan and make it a common currency for trade among developing nations.

Settling cross-border transactions in the new payment system will not only strengthen the Chinese economy but also uplift the BRICS alliance. The development could cause harm to the US dollar as more countries will stop using it as a form of payment for trade.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Thank you Dinar Recaps

Stocks, Bonds, and the US Dollar are all Breaking

Stocks, Bonds, and the US Dollar are all Breaking

Wealthion:  4-24-2025

The financial markets may be teetering on the edge of a major repricing event, according to Jesse Felder, founder of The Felder Report.

In a recent interview with James Connor on Wealthion, Felder issued a stark warning: stocks, bonds, and the U.S. dollar are all dangerously mispriced, potentially setting the stage for significant upheaval.

Felder argues that despite persistent recession signals, the S&P 500 remains dangerously overvalued. He highlights the concerning trend of retail investors driving a leverage-fueled bubble, while corporate insiders are simultaneously cashing out their holdings – a classic sign of market irrationality.

The narrative surrounding the tech sector, often seen as a haven in uncertain times, is also showing cracks. Felder points out that optimism is waning, evidenced by AI giants freezing capital expenditure spending, suggesting a potential slowdown in the very sector driving market enthusiasm.

The bond market, traditionally seen as a safe haven, is facing its own unique challenges. According to Felder, surging deficits and persistent inflation could trigger a “vigilante revolt,” as investors lose confidence in the government’s ability to manage its debt. This could lead to a sharp increase in bond yields, further destabilizing the financial landscape.

Adding to the complexity, Felder believes the Federal Reserve may soon find itself in a policy trap. Facing political pressure, the Fed might be forced to monetize debt, potentially exacerbating inflationary pressures and undermining the dollar’s credibility.

Finally, Felder suggests that the U.S. dollar may have entered a long-term bear market, marking a significant shift in the global macroeconomic landscape. This weakening of the dollar could have far-reaching consequences, impacting everything from international trade to investment flows.

Jonathan Wellum, CEO of Rocklinc, weighed in on Felder’s analysis, revealing his firm’s cautious stance. Acknowledging the potential for market volatility, Wellum disclosed that Rocklinc is currently holding a substantial 28% cash position. This strategic move reflects a defensive posture, allowing the firm to capitalize on potential opportunities that may arise during a market correction.

Despite the overall bearish outlook, Wellum emphasized that opportunities still exist in today’s volatile markets. He pointed to specific areas where value can be found, though he didn’t explicitly detail them in the excerpt.

Felder’s warning and Wellum’s cautious approach underscore the importance of vigilance in the current market environment. While predicting the future is impossible, the confluence of overvalued assets, unsustainable debt levels, and potential policy missteps suggests that the risk of a major repricing event is elevated.

Investors should carefully consider their risk tolerance, diversify their portfolios, and be prepared for potential volatility ahead.

 Whether a full-blown “reset” is imminent remains to be seen, but the warning signs are certainly worth heeding.

https://youtu.be/78jt-3vTSNU

Thursday Coffee with MarkZ. 04/24/2025

Thursday Coffee with MarkZ. 04/24/2025

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 Mark, Z, and all the rest of this RV family. Looks like a great day for an RV!

Member: Question: Markz are exchange center worker contacts working now thru Sunday?

MZ: My Redemption Center contacts have not checked in. they usually let me know on Friday if they expect to work on the weekend or not. I’m guessing someone is reporting that they are?

Member: Yes- that’s the rumors floating around today.

MZ: There are a lot of Bond folks right now that are expecting final contracts. They have originating wires for payment. Now we are waiting to see the money move.

Member: So wires were sent…..they just need the money in their accounts to be spendable?  

MZ: There are a number of groups that have their staffs on “stand-by” to come in and start working. A few have called people in to start preparing and lay down the groundwork on how to handle it ect…..

Member: I wonder if it’s gonna be a shotgun start or trickle out from East to West??

MZ: If they don’t go all at once……It’s a good opportunity to get more currency. If they don’t do it all at once….there will be double dipping. I believe they will do it all at one time.

Member: so do you know anyone with currency that has exchanged for dollars yet?

MZ: I do not know anyone that have exchanged currency for real money….yet.

Member: When bond holders are paid –do they help fund the currency holders or are they separate entities?

MZ: They are separate entities….but their liquidity in the banks helps to pay us.

Member: Wolverine is a bondholder. He says we are about to see the RV….He has many sources, including a South American platform. He lives in Australia.

Member: Hypothetically, once you cash in the first basket currency, what would be a good currency to purchase to catch the second basket.

MZ: That is going to depend what ends up in the first basket and what doesn’t?  I will work on a list of what I think could be next.

Member: Possible  first basket:  1. US 2. UK 3. Kuwait 4. Canada 5. Mexico 6. Russia 7. China 8. Venezuela 9. Iranian Rial 10. IRAQ 11. Indonesia Rupiah 12. Malaysia 13. Vietnamese 14. Brazil 15. Saudi Arabia 16. Qatar 17. United Arab Emirates 18. Turkey 19. Afghanistan possibly 20. India 21. Libya 22. Japan23. Zimbabwe

MZ: The biggest ones I am looking for are Iraq, Vietnam, Indonisia and Zimbabwe.

Member: I pray the Bolivar is in the first basket as well.

Member: Does anyone know what the revalued the of the Indonesian Rupiah will be?

Member: its always been thought to come out at $1.47….we shall see

Member: Should we take all our different currencies with us to the redemption center?????

Member: I think you would be foolish not to. Take everything and they will tell you what they will exchange.

Member: Reports are at 6:13am Iraq time the CBI posted a rate of 480IQD to 1 USD. Stayed posted for 19 minutes before they changed it back to the normal 1310.

Member: The Iraq Stock Exchange and Iraqi Securities Commission signed a strategic MOU with the Abu Dhabi Securities Exchange (ADX) Wednesday, to join Tabadul digital trading platform.

MZ: “Iraq markets signs a memorandum of understanding with Abu Dhabi market to join the Tabadul platform” This means Iraq is fully international.  This should mean they need a fully international rate on the dinar. Bare minimum…they need a real effective exchange rate (REER) if not a reinstatement or revaluation.

MZ: “ An unimaginable fortune: 55 billion tons of iron discovered in hidden reserve worth trillions of dollars  and set to reshape global industry”  this massive iron ore deposit is in Australia and worth trillions.   I believe this is part of the move to the commodity cycle.

Member:  Many countries are making huge wealth discoveries that could be used to back currencies.

Member: Eventually ALL currencies be on-par with each other……hope that happens after we exchange though. ??

Member: I’m retiring next Friday May 2. I sure hope and pray we RV this year

Member: I hope and pray we RV this week…lol

Member: Mark- Your best guess…Are we days or weeks away?

MZ: My guess would be just as useless as anyone else’s….but I would guess possibly next week. But it’s just a guess

Member: if you've been in this for any amount of time,you realize that everything they told us would happen is happening, maybe not as instant as some would like, but,steady common sense decisions.

Member: My exchange outfit is ironed and ready. Just need a notification!!!!

MZ: Charlie Ward is doing a golf tournament next week. I will be there for the gala Wednesday Night and speaking on Thursday. Zester will be speaking as well at 3:30 and 3:50 May 1st. I am thinking my topic may be on the history of resets and sound money.

MZ: Tonight we start a half hour early at 6:30 est. Will be having a guest on for “red light healing”

Member: Hope Everyone has nice plans for the weekend. Have a great day today

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=Sypn7I3Lo04