One Last S&P Rally, then a 50% Crash Like 2008

One Last S&P Rally, then a 50% Crash Like 2008

 Wealthion:  5-6-2025

Are we on the precipice of another financial crisis reminiscent of 2008? Chris Vermeulen, Chief Market Strategist at The Technical Traders, believes so.

In a recent interview with James Connor on Wealthion, Vermeulen laid out a compelling, albeit unsettling, case for a significant market correction, potentially a 30-50% plunge in the S&P 500. He argues that we’re in the final stages of a market “exit-liquidity” squeeze, mirroring the infamous stage-four breakdown that preceded the 2008 collapse.

Vermeulen’s warning hinges on several key factors, including the behavior of institutions, collapsing freight volumes, the impact of tariffs, and concerning signals from the oil market. He paints a picture of Wall Street giants actively “dumping” their holdings onto retail investors, utilizing them as the “exit liquidity” needed before the markets take a nosedive.

Vermeulen is closely monitoring specific levels on the charts to identify the moment the market truly breaks down. He anticipates a final push potentially pushing the S&P 500 towards 5,950 before the inevitable crash.

He didn’t specify the exact breakdown level, emphasising focusing on the overall market behaviour and momentum shifts rather than a single number. Identifying these trigger points is crucial for investors looking to protect their portfolios.

According to Vermeulen, the current market dynamics bear striking similarities to the lead-up to the 2008 financial crisis. He points to a characteristic “stage-four breakdown,” where initial optimism and a false sense of security give way to a rapid and devastating market decline. The key is to recognize the signs of this final leg and prepare accordingly.

Vermeulen highlights specific stocks that are showing signs of weakness, including tech giants like Apple and Nvidia, as well as data analytics firm Palantir. These companies, once market darlings, are now flashing sell signals, indicating a potential shift in investor sentiment and a broader market downturn.

Vermeulen’s starkest warning is directed towards retail investors. He believes they are being actively used by institutional investors as “exit liquidity” – the buyers who allow them to offload their holdings before the market crash. This highlights the importance of understanding market cycles and avoiding the trap of buying at the top.

While Vermeulen’s outlook is largely bearish, he does see a silver lining in the precious metals market. He predicts that gold is poised to break towards $3,750 once the market shake-out is complete. He also anticipates a short-term correction in the precious metals market before the upward trend resumes.

This suggests that gold and silver could serve as safe-haven assets during the impending market turmoil.

The collapsing price of oil is another key indicator of an impending recession, according to Vermeulen. The decline in oil prices often reflects a decrease in demand, which in turn signals a slowdown in economic activity. This reinforces the overall bearish outlook for the market.

Interestingly, Vermeulen makes a contrarian call on the U.S. dollar. He believes that the dollar will likely strengthen during the downturn, as investors flock to the perceived safety of the U.S. currency. This is a crucial point for investors to consider, particularly those holding assets denominated in other currencies.

Finally, Vermeulen addresses the potential impact of a market crash on Bitcoin and related companies like MicroStrategy. He suggests that Bitcoin’s price will likely decline if risk assets broadly suffer, and MicroStrategy, with its significant Bitcoin holdings, is particularly vulnerable.

Chris Vermeulen’s analysis paints a concerning picture of the current market landscape. While the potential for a final push towards 5,950 on the S&P 500 exists, he urges investors to be vigilant and prepared for a significant market correction.

By understanding the key indicators, monitoring critical chart levels, and recognizing the role of retail investors as exit liquidity, individuals can take steps to protect their portfolios and potentially capitalize on opportunities that arise during the downturn.

While a 2008 repeat is not guaranteed, Vermeulen’s warnings serve as a crucial reminder of the importance of careful analysis and prudent investment strategies in today’s volatile market.

https://youtu.be/7HZvrGGOotE

“Tidbits from TNT” Wednesday Morning 5-7-2025

TNT:

Ivantulafitov:  I asked this question in the subject line to grok, and this is what happened. Grok is on x.com if you didn't know.

 How will Iraq Dinar go on forex what is the process? What needs to be done

For the Iraqi dinar (IQD) to become internationally tradable and accepted on the foreign exchange (forex) market, a series of economic, regulatory, and technical steps must be undertaken by Iraq’s government, the Central Bank of Iraq (CBI), and international financial institutions. The process is complex, involving both domestic reforms and coordination with global financial systems. Below is an outline of the key steps involved, based on economic principles, current conditions in Iraq, and insights from available information:

1. Economic Stabilization and Policy Reforms

Stabilize the Economy: Iraq must demonstrate a stable macroeconomic environment, as forex markets favor currencies with predictable value and low volatility. This includes controlling inflation, managing fiscal deficits, and ensuring consistent economic growth, particularly given Iraq’s heavy reliance on oil exports.

Currency Peg or Float Decision: Currently, the IQD is pegged to the U.S. dollar (USD) at a fixed rate set by the CBI, which limits its tradability. To be listed on forex markets, Iraq would likely need to transition to a floating or managed float exchange rate system, allowing market forces to determine the IQD’s value. Lifting the peg requires sufficient foreign exchange reserves and confidence in the dinar’s stability.

Build Foreign Exchange Reserves: The CBI must maintain robust reserves of USD, euros, or other major currencies to support the IQD’s value and intervene in forex markets if needed to stabilize the currency. Iraq’s $120 billion in reserves from oil sales provides a foundation, but these must be managed transparently.

2. Regulatory and Legal Framework

Remove Capital Controls: Iraq currently imposes restrictions on currency exchange and capital flows, particularly for USD transactions, to curb illicit financial activities. For the IQD to be tradable, the CBI must ease these restrictions, allowing free conversion of IQD into other currencies for legitimate transactions, supported by valid documentation.

Compliance with International Standards: The CBI must align with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations set by organizations like the Financial Action Task Force (FATF). This builds trust with global banks and forex brokers, addressing concerns about illicit USD flows to sanctioned countries like Iran.

Bilateral and Multilateral Agreements: Iraq may need to strengthen trade and investment agreements, such as those with the U.S. under the Trade and Investment Framework Agreement (TIFA), to facilitate cross-border currency transactions. Membership in the World Trade Organization (WTO) could also enhance the IQD’s credibility, though no explicit WTO rule mandates revaluation or tradability.

3. Central Bank and Banking System Reforms

Modernize the Banking System: Iraq’s banking sector, dominated by state-owned banks like Rafidain and Rasheed, must adopt international standards for electronic payments, wire transfers, and currency trading. The CBI’s efforts to digitize the financial system and regulate exchange companies are steps in this direction.

Establish Market Infrastructure: The CBI must create mechanisms for banks to engage in spot and forward transactions in IQD, enabling liquidity in forex markets. Currently, banks are restricted from forward transactions for speculative purposes, which limits market development.

Engage International Banks: Major global banks, such as Citi or JP Morgan, could be enlisted to hold IQD reserves or facilitate transactions, as seen in recent deals to strengthen USD reserves for Iraqi banks. This would integrate the IQD into global financial networks.

4. Integration into Forex Markets

ISO 4217 Recognition: The IQD already has an ISO 4217 code, ensuring it is recognized as a standard currency. However, for active trading, forex brokers need assurance of liquidity and demand, which depends on the steps above.

Listing on Forex Platforms: Major forex brokers (e.g., FOREX.com, OANDA) must list IQD pairs (e.g., USD/IQD, EUR/IQD). This requires the CBI to work with brokers to ensure sufficient liquidity and low spreads. Currently, the IQD’s low trading volume and high fees at money exchangers deter brokers.

Market Maker Support: Global banks or market makers must be willing to provide bid-ask quotes for IQD pairs, ensuring continuous trading. This depends on Iraq’s economic credibility and the absence of regulatory risks.

5. Global Acceptance and Confidence

Increase International Trade in IQD: For the IQD to be widely accepted, Iraq must encourage its use in international trade, particularly for non-oil exports. Current efforts to settle trade in euros, Chinese yuan, or Indian rupees indicate a move toward diversification, but the IQD itself must gain traction.

Combat Speculative Scams: The IQD has been subject to scams promising massive revaluation, which damages its reputation. The CBI must clarify the currency’s status and crack down on unlicensed brokers to build investor confidence.

Demonstrate Political Stability: Political instability and security risks in Iraq deter forex traders. Sustained governance improvements and reduced militia influence are critical to signaling a stable environment for currency trading.

6. Technical and Operational Steps

Data Feed Integration: The CBI must provide real-time exchange rate data to financial platforms like Bloomberg or Reuters, enabling traders to monitor IQD rates.

Clearing and Settlement Systems: Iraq must integrate with global clearing systems (e.g., SWIFT) to facilitate IQD transactions. The CBI’s platform for regulating wire transfers is a precursor to this.

Broker and Exchange Outreach: The CBI or Iraqi banks must negotiate with forex exchanges and brokers to include IQD pairs, potentially offering incentives like lower transaction costs initially to boost trading volume.

Challenges and Current Status

Limited Tradability: As of May 2025, the IQD is not widely traded on global forex markets due to its fixed exchange rate, low liquidity, and economic uncertainties. It is primarily exchanged through money changers or select Middle Eastern banks, often with high fees (up to 20–30%).

De-Dollarization Efforts: The CBI’s push to ban USD cash transactions by January 2024 and promote IQD for internal trade aims to strengthen the dinar but complicates international tradability in the short term.

Speculative Claims: Posts on X suggest optimism about the IQD becoming tradable soon, with some claiming it is already on forex platforms or will revalue significantly. These claims lack credible evidence and often stem from speculative or fraudulent narratives.

Timeline and Feasibility

The process could take years, depending on Iraq’s ability to address economic, political, and regulatory challenges. Key milestones include:

Short-term (1–2 years): Easing capital controls, modernizing banking, and increasing IQD use in trade.

Medium-term (3–5 years): Transitioning to a managed float and listing on niche forex platforms.

Long-term (5+ years): Achieving sufficient liquidity for major brokers to offer IQD pairs.

Conclusion

For the Iraqi dinar to be internationally tradable on forex, Iraq must stabilize its economy, reform its banking system, ease currency restrictions, and build global confidence in the IQD. The CBI would need to shift from a fixed peg to a floating exchange rate, integrate with global financial systems, and ensure liquidity through market makers. While progress is being made (e.g., digitization, reserve strengthening), significant hurdles remain, including political instability and low trading volume. Speculative claims about imminent tradability should be approached with skepticism, as the process requires sustained, transparent reforms.

 AI:  the question is how much of this list is already complete and how much still needs to be completed? If any.

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Tishwash: The President of the Republic to the Governor of the Central Bank: The need to develop a sound future strategy for fiscal policy

President Abdel Latif Jamal Rashid stressed on Wednesday the need to exert efforts and develop a solid future strategy for financial policy.

A statement from his media office, received by Al-Eqtisad News, stated that "the President of the Republic received the Governor of the Central Bank, Ali Al-Alaq, at the Baghdad Palace to discuss the state of the Iraqi banking sector and the measures to develop it, as well as the reform packages being undertaken by the Central Bank to address economic changes and their impact on the local market."

The President of the Republic stressed "the need to exert efforts and develop a sound future strategy for fiscal policy that will enhance the desired economic development."

He pointed out that "the meeting discussed plans to stimulate the investment sector by supporting the private sector, especially as the country is witnessing remarkable stability on the security, political, and social levels."

In turn, Al-Alaq reviewed the Central Bank's efforts and future plans aimed at strengthening fiscal policy and economic stability in the country  link

Tishwash:  After failing to hold sessions, Parliament announces the end of its legislative session.

The House of Representatives announced on Tuesday evening, May 6, 2025, the end of its legislative session, following the failure to convene sessions for two months.

 The Parliament's media department said in a statement received by Al-Jabal, a copy of which said, "Based on Article (57) of the Constitution of the Republic of Iraq - and Article (22) of the internal regulations of the Council of Representatives, the Council Presidency decided to end the first legislative session of the fourth legislative year - the fifth electoral cycle, on Friday, May 9, 2025."

 The House of Representatives was scheduled to hold its seventh session of its current legislative term on Monday, May 5, 2025. Another session was also scheduled for Tuesday. However, the House of Representatives failed to convene both sessions, and both times, the session was adjourned due to a lack of quorum.

The Iraqi Parliament failed to hold its regular sessions, having failed to hold its scheduled session on Tuesday, May 6, 2025. Parliamentarians asserted that political leaders were deliberately disrupting the sessions, some of whom disclosed the reasons for this. Calls are mounting for the dismissal of MPs who fail to attend.

Mohsen Al-Mandalawi, First Deputy Speaker of Parliament, announced earlier today that he had "directed the media and parliamentary departments to publish the names of the parliament members who were absent from today's session and to deduct the prescribed financial percentage from their salaries."

Meanwhile, the House of Representatives announced the names of the members present at its failed seventh session, held on Tuesday, May 6, 2025, following the renewed failure to hold it.  link

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Mot:  The RV Box -- and Why it Wont Move!!

https://www.youtube.com/watch?v=aqAUmgE3WyM

Iraq Economic News And Points To Ponder Tuesday Afternoon 5-6-25

Saleh Ends The Controversy: The 2025 Budget Will Remain Close To 156 Trillion Dinars, With Domestic Borrowing.

Time: 2025/05/06 Read: 2,100 times  {Economic: Al Furat News} The Prime Minister's economic advisor, Mazhar Mohammed Salih, announced that Iraq's 2025 budget will remain close to 156 trillion dinars or less, with domestic borrowing continuing at the same level as in 2024.

Saleh explained, in a statement to {Euphrates News}, that: “The average oil price in the first quarter of 2025 reached about $75 per barrel before the impact of the oil asset cycle began to drop prices to $63.

This decline in prices coincided with the cancellation of OPEC+ quotas, in addition to the impact of the US trade war and a temporary contraction in the global economy.”

With the decline in oil prices, Saleh expected that “the relative increase in exported oil quantities will compensate for this decline,” stressing that “operating expenses will be subject to greater control within a flexible financial space, which will provide greater opportunities to manage financial resources prepared for spending.”

Saleh praised “the accelerating success in the field of fiscal and monetary policy,” explaining that “the government seeks to achieve economic stability in both its financial and monetary aspects.”

The advisor concluded by saying that “with this coordination, high guarantees are provided to achieve sustainable economic development, as the world is witnessing rapid progress in Iraq’s economic stability.”   LINK

The United Nations And 18 Countries Meet With The Iraqi Banking Sector To Discuss Banking Relations At The Headquarters Of The Association Of Private Banks.

Part of the meeting  Banks   Economy News – Baghdad   Under the auspices of the United Nations Assistance Mission for Iraq (UNAMI), the Iraqi Private Banks Association organized a meeting that included Arab and foreign ambassadors, representatives of international organizations operating in Iraq, and Iraqi banks, with the attendance of the Central Bank of Iraq.

The meeting was attended by the Special Representative of the Secretary-General of the United Nations for Iraq and Head of UNAMI, Mohammed Al-Hassan; the Deputy Governor of the Central Bank of Iraq, Dr. Ammar Hamad; the Regional Director of the World Bank, Jean-Christophe Carré; the Head of the European Union Delegation to Iraq, Thomas Seiler; and the Representative of the United Nations Office on Drugs and Crime, Ali Al-Barir; in addition to the ambassadors of the United Kingdom, Germany, France, Japan, Switzerland, Hungary, the Netherlands, Italy, Greece, Denmark, the Czech Republic, the United States, Saudi Arabia, the Sultanate of Oman, Qatar, Kuwait, and the United Arab Emirates.

In his speech, Al-Hassan emphasized that the meeting precedes the "Arab wedding" represented by the upcoming Arab Summit, and represents the beginning of strengthening communication between the Iraqi banking sector and the international community.

He noted that no country's economy can thrive without a strong banking sector. He also expressed his gratitude to the Iraqi Private Banks Association for organizing the meeting, appreciating the ambassadors' positive interaction.

For his part, Wadih Al-Handhal, Chairman of the Iraqi Private Banks Association, explained that the meeting comes at a crucial moment in Iraq's financial and economic transformation.

It aims to strengthen the banking sector's relations with international and diplomatic partners, creating an integrated banking environment based on transparency and compliance with international standards, capable of supporting sustainable development, stimulating investment, and serving those underserved by banking services.

Al-Handhal added, "We believe that building bridges of trust with the international community begins with constructive dialogue and mutual cooperation. From this perspective, the Iraqi banking sector continues its solid partnerships with your prestigious financial institutions, seeking to open broader horizons for investment and enhance stability and shared prosperity."

He also expressed his sincere thanks and appreciation to Dr. Mohammed Al-Hassan for his significant efforts in mobilizing international support to enhance stability within Iraq, support reform processes, and consolidate the principles of human rights and good governance.

Al-Handhal explained that Iraqi banks look forward to direct dialogue with your countries' banks, under the auspices of the United Nations, to open new partnerships that serve the Iraqi and your economies. This can be achieved by expanding correspondent accounts, financing development projects, promoting digital transformation, issuing green bonds, and attracting promising investments to deepen sustainable stability.

Ali Tariq, Executive Director of the Iraqi Private Banks Association, presented a review of banking developments in the country, explaining that deposits reached 120 trillion dinars, while credit reached 73 trillion dinars. Electronic payments also increased from approximately $1 billion annually to approximately $17 billion by 2024.  https://economy-news.net/content.php?id=55194

Head Of The Economists Alliance: The Challenges Facing The Iraqi Economy Are Great...And These Are The Most Important Ones

Tuesday, May 6, 2025 | Economic Number of readings: 87  Baghdad/ NINA / Head of the Iraqi Economic Alliance (Economists), Adi Sadiq Al-Alawi, stressed that his alliance aims to promote sustainable development by activating dialogue between the public and private sectors, providing economic advice to government agencies, and supporting policies that diversify sources of income and reduce dependence on oil.

Al-Alawi told the National Iraqi News Agency ( NINA ) that the Iraqi economy is witnessing gradual improvement today, especially in the agriculture and communications sectors, but the challenges are great. Progress is slow due to fragile infrastructure, administrative corruption, and unstable legislative policies.

He added, "We see positives in the increase in foreign investment, despite our lack of conviction in the fairness of the opportunities provided, and the government's move towards supporting the private sector, despite its scarcity, and regional interconnection projects that may stimulate trade."

He indicated, "Real growth requires restructuring the banking system, implementing investment-attractive legislation, and a greater focus on the knowledge economy."

Al-Alawi pointed out, "Iraqi economists suffer from weak opportunities to implement their research on the ground and a lack of support for innovation, in addition to the migration of talent due to job instability.

He continued, "We seek to address these issues by pushing for the adoption of a competition protection law, establishing a fund to support entrepreneurial projects, and launching scholarships for scholarships in modern economic specializations."

Regarding the establishment of the "Economists" coalition, he explained that it was established in 2018 as a comprehensive platform For Economic Competencies, it was officially registered in 2021 as the first official economic party in Iraq.

 Today, it includes more than 6,000 members and affiliates of economic experts, businessmen and women, academics, and specialists in the fields of finance, trade, industry, renewable energy, and the digital economy. / https://ninanews.com/Website/News/Details?Key=1225155

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

Seeds of Wisdom RV and Economic Updates Tuesday Evening 5-6-25

Good Evening Dinar Recaps,

US TREASURY REPORT ON STABLECOINS MULLS UPSIDE OF OFFERING INTEREST

A presentation last week to the US Treasury’s Borrowing Advisory Committee (TBAC) explored the impact of stablecoins on the demand for short term Treasuries.  One topic was mentioned repeatedly – the potential for stablecoins to offer interest.  

The last iteration of the Senate’s stablecoin bill, the GENIUS Act, introduced a clause that banned the payment of stablecoin interest before receiving a positive vote by the Senate Banking Committee.

According to the minutes of the TBAC meeting, “There was robust discussion concerning the potential implications of interest bearing stablecoins versus non-interest bearing stablecoins, and the extent to which growth in stablecoins would result in net new demand for Treasury securities rather than a reallocation of demand from banks and money market mutual funds.”

The President’s Executive Order on digital assets made clear the intention to promote the use of US dollar stablecoins beyond US borders.  White House AI and crypto czar David Sacks was very clear that the goal is to increase demand for US Treasuries,
which helps to lower the cost of servicing the United States’ massive debt.

The TBAC stablecoin report

The TBAC report used a figure from Standard Chartered research that estimates stablecoins will grow to $2 trillion by 2028 assuming stablecoins don’t pay interest.  As an aside, Citi also recently published forecasts.  The mid-April capitalization of stablecoins was $234 billion, which accounts for approximately $120 billion investment in short-dated Treasuries.  Combining that with Standard Chartered’s figure, the report estimates that stablecoin investment in Treasuries will expand to $1 trillion by 2028.

If stablecoins were to offer interest, the figure could be quite a bit higher, although no forecast was provided.  That would account for a significant slice of the short term Treasury Bill market, which currently has a $6.4 trillion issuance.

A key reason why most global stablecoin regulation has not supported the payment of interest is due to concerns that bank deposits might shift to stablecoins,  potentially reducing available credit from banks or making credit more expensive.  The TBAC report states that transactional demand deposits at banks totaling $6.6 trillion are most “at risk” from stablecoins.

However, the presentation also explored opportunities for banks and financial institutions, including issuing stablecoins and managing reserves.

Apart from delving into interest-bearing stablecoins, two other issues were floated:

• Allowing stablecoin issuers access to the Federal Reserve

• Allowing access to deposit insurance

This would help reduce the impact of de-peg events.

Readers of the TBAC report might expect to see efforts to remove the interest ban from the GENIUS Act.  However, after this TBAC meeting, several pro-crypto Democrats withdrew support for the latest version of the GENIUS Act despite it still including the yield ban.
Backtracking on the yield clause could further delay the progress of the stablecoin bill.

@ Newshounds News™
Source:  Ledger Insights

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BREAKING: NEW HAMPSHIRE BECOMES FIRST U.S. STATE TO OFFICIALLY HOLD BITCOIN IN STATE RESERVES

In a major first for the United States, New Hampshire has passed a new law allowing the state to hold Bitcoin as part of its financial reserves. The bill, known as HB 302, was signed into law on May 6, 2025, by the state’s Governor. This makes New Hampshire the first state in the nation to create a Strategic Bitcoin Reserve Fund.

The law gives the state’s Treasurer the power to buy Bitcoin and other major digital assets directly or through a regulated investment product like an exchange-traded product (ETP). However, there’s a limit — the state can only hold up to 5% of its total funds in Bitcoin to balance risk.

To ensure safety, the law requires all digital assets to be stored under strict U.S.-regulated custody, either in state-controlled wallets or with approved custodians. The new policy will officially take effect 60 days after its signing.

The bill was inspired by a model created by the nonprofit group Satoshi Action, which works to educate lawmakers about Bitcoin and digital assets. Dennis Porter, the group’s CEO, said this is more than just a bill — it’s the start of a movement. “New Hampshire didn’t just pass a bill; it sparked a movement,” Porter said.

Several important figures helped make this happen, including Rep. Keith Ammon, an early Bitcoin supporter, Majority Leader Jason Osborne, and the New Hampshire Blockchain Council.

This landmark decision could open the door for other U.S. states to follow New Hampshire’s lead as interest in Bitcoin-backed financial reserves grows nationwide. 

@ Newshounds News™
Source:  Coinpedia

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Atlanta Woman Lost $8K On Scam Call From Fake Wells Fargo Employee — Take These Steps To Keep Your Cash Safe

Atlanta Woman Lost $8K On Scam Call From Fake Wells Fargo Employee — Take These Steps To Keep Your Cash Safe

Christy Bieber  Tue, May 6, 2025   Moneywise

Aleah McPherson's bank account is $8,265 lighter these days. Sadly, the funds disappeared after she fell for a scam by someone impersonating a Wells Fargo employee, leaving McPherson and her fiancé devastated by the loss.

"That was my savings. That was actually what I have been working for a while," McPherson told Fox 5 Atlanta last month. She hopes that her story will serve as a warning to others so that they don't fall victim to similar fraud and be left without their hard-earned money.

How a phone scam led to a huge loss

According to McPherson, the trouble started when she received a phone call from a 1-800 number associated with Wells Fargo to alert her to a serious problem. "Wells Fargo bank informed me there was fraudulent activity," she said. "They will call you if there's fraudulent activity on your account, so I didn't think there was anything out of the ordinary. I've had this happen before."

The scammer told McPherson she'd have to transfer her money out of her account to keep it safe while an investigation was carried out. McPherson believed she'd confirmed that she was actually talking to her bank, so she followed their instructions and emptied her bank account, sending the money via Zelle and a Chase digital wallet.

Although she thought moving the funds would protect them while Wells Fargo investigated the fraud, the reality is that the money disappeared into the accounts of the scammers.

Adding insult to injury, she also explained that the scammers mocked her for falling for their tricks. "Once you're done talking to them, they're all laughing in the background. They are telling you that you’ve been scammed and laughing."

Sadly, McPherson is one of many who have fallen victim to scams in which thieves pretend to be trusted organizations, including financial institutions or government agencies. These scams are called phishing or spoofing scams, and the FBI's 2024 Internet Crime Report revealed 193,407 complaints about them during the year, with victims collectively losing over $70 million.

How to protect yourself from this scam

TO READ MORE:  https://www.yahoo.com/finance/news/atlanta-woman-lost-8k-scam-120200319.html

Did Buffett Just Admit the Dollar is Doomed? What Comes Next?

Did Buffett Just Admit the Dollar is Doomed? What Comes Next?

Kitco News: 5-5-2025

Warren Buffett’s recent warning about the U.S. dollar “going to hell” has sparked widespread debate about the future of the global financial system.

But while Buffett remains famously averse to Bitcoin and gold, Jack Mallers, CEO of Strike and Twenty One Capital, argues that the Oracle of Omaha’s pessimistic outlook actually validates the need for a decentralized alternative like Bitcoin.

In a recent interview with Kitco News, Mallers asserted that Buffett’s admission signals the end of the post-World War II dollar regime, a system he believes is structurally flawed and nearing its breaking point.

Mallers, whose company Twenty One Capital is building a “pure-play Bitcoin operating company” with significant backing from Tether and SoftBank, outlined a compelling case for Bitcoin as the solution to the dollar’s inherent problems.

Buffett’s statement, “No system beats currency debasement,” has resonated with investors concerned about inflation and the long-term value of the dollar. However, his refusal to embrace Bitcoin or gold leaves a void in his proposed solution.

Mallers argues that despite gold’s historical role as a safe haven, it ultimately “failed” to solve the reserve problem. He posits that Bitcoin, on the other hand, offers a superior alternative due to its verifiable scarcity, decentralized nature, and programmable properties. He goes even further, claiming Bitcoin is the “most American money ever invented.”

Mallers’ commitment to Bitcoin is evidenced by Twenty One Capital’s ambitious project to build a Bitcoin-focused operating company with over 42,000 BTC. The company is focused on generating Bitcoin-native cash flow, demonstrating a belief in Bitcoin’s long-term economic viability.

Central to Mallers’ argument is the idea that the bond market is “breaking” and the Federal Reserve’s influence is waning. He claims the U.S. is “structurally short” on belief, the very foundation holding the current system together.

Mallers highlights the “hidden bailout of U.S. debt,” orchestrated by Scott Bessent and the Treasury, suggesting a more profound instability than is publicly acknowledged. He points to the rise of “Bitcoin-per-share (BPS)” and “Bitcoin Return Rate (BURR)” as new metrics for evaluating investments, reflecting a growing acceptance of Bitcoin as a legitimate asset class.

He further delves into the complexities of the global economic landscape, citing Trump’s tariff shock and the subsequent sovereign accumulation of gold and cryptocurrency as evidence of a global pivot towards alternative reserves. He identifies a “quiet basis trade crisis” and the U.S.’s reliance on hedge fund leverage as additional vulnerabilities within the existing financial infrastructure.

Mallers proposes a radical yet compelling solution: a U.S. Strategic Bitcoin Reserve. He believes that by embracing Bitcoin, the United States could not only secure its financial future but also solidify its position as a leader in the emerging digital economy.

Ultimately, Mallers’ argument rests on the assertion that a global capital reset is already underway, driving Bitcoin adoption as nations and individuals seek alternatives to a weakening dollar. While Buffett’s hesitancy towards Bitcoin remains, the underlying concerns he raised about the dollar’s future lend significant weight to the growing movement advocating for its adoption. Whether Bitcoin can truly become the solution to the problems plaguing the global financial system remains to be seen, but Mallers’ vision offers a provocative glimpse into a future where digital scarcity reigns supreme.

https://youtu.be/W1mu1OMFIY0

Tuesday Evening News with MarkZ. 05/06/2025

Tuesday Evening News with MarkZ. 05/06/2025

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 evening one and all.

Member: Did anyone hear Trump say he's gonna make a big announcement before he leaves out of the country this week?

Member: Mike Bara mentioned yesterday that they were expecting some kind of announcement from Trump and today Trump mentioned big announcement coming soon.

MZ: Today on TV Trump announced he is going to the middle east next week and then says he has a big announcement and will make it Thursday, Friday or Monday before he goes. He said an announcement that will “shake the world”

MZ: Just stay calm….it sure appears we are closing in on it.

MZ: Is it possibly a piece deal with Gaza and Palestine?  Or is it a revaluation of the Iraqi Currency? That would fit with some rumors we are hearing out of Iraq.

Member: Maybe closing down the IRS or the Fed……OR maybe a global currency reset??????

Member: Mark, do you know if bond facilitators have been paid?

MZ: I do have an update from a bond contact who would not comment if he was paid for his historic bonds. They did tell me they are expecting an historic asset bonds update tomorrow.…The bonds with the golden gun boxes….. they expect news on final contracts. This could tell us a lot about our timing.

Member: Hope these gold bonds are the last ones

Member: It's been proven that Iraq prime Minister has been meeting with heads of banks. and also the parallel market is moving in our favor now.

MZ: That is absolutely 100% true.

MZ: For this piece we want to give credit to Samson with MM and Crew. “ The United Nations and 18 countries meet with the Iraqi Banking sector to discuss banking relations at the headquarters of the Association of Private Banks”  they are focused on safety and moving money internationally.  This would be very important if there is a value change in an international currency.

MZ: Many of these countries listed are in the same basket that we have discussed. Iraq is clearly moving to international and quickly!!

MZ: This is a huge article…If you can, take the time to read it. The links are up at the originalmarkz.com

MZ: “Planning discusses with the World Bank the follow up of work progress in a number of development projects in Iraq” this is also breaking today. They are again sitting down with the world bank. The WB says they are doing great work. This is another “feel good” article that shows stability.

MZ: “139 MPs (Ministers of Parliament) attended today’s parliament session and deducted from the salaries of the absentees”   Why don’t we do that….lol

MZ: “Ministry of Finance signs two agreements with the French Development Agency in the field of Infrastructure” one of the big projects is sewage….and its coming along. Modernization of the country

Member: Back five years ago Charlie W told us that when it all 'dropped'....it'd go quickly and our heads would spin. Much of what Charlie said back then has come true. Just not quickly!

Member: Happy Days are coming…and a  Celebration

Member: Thanks Mark and Mods….see everyone tomorrow AM!!!

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

https://www.twitch.tv/theoriginalmarkz

https://rumble.com/user/theoriginalmarkz

Kick:  https://kick.com/theoriginalmarkz

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

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

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

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

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

FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:     https://www.youtube.com/watch?v=X2QbKWfIHfo

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 5-6-25

Good Afternoon Dinar Recaps,

DEEP FREEZE EMPOWERS XRPL COMPLIANCE WITH INSTITUTIONAL TOKEN CONTROL

▪️Deep Freeze enhances institutional control over issued tokens on XRPL for compliance and fraud prevention.
▪️It introduces a protocol-level freeze, restricting all outgoing token transactions from targeted accounts.
▪️The update is crucial for stablecoin issuers and institutions issuing tokenized real-world assets.

The XRP Ledger (XRPL) has formally activated Deep Freeze, a new tool designed to push the compliance and security standards for tokens issued on the blockchain to the next level.

Although XRP itself does not change, Deep Freeze provides protocol-level granularity in terms of controlling issued assets, allowing issuers to directly impose constraints on accounts.

The amendment, designated as XLS-77d, represents a significant move towards supporting institutional-quality asset management found in traditional finance.

Deep Freeze places XRPL in a strong position as a viable alternative for stablecoin issuers and financial institutions for secure and compliant infrastructure, says fintech analyst Clara Renner.

The amendment was voted into implementation using XRPL’s decentralized governance mechanism, showcasing the adaptability of the network to real-world security and regulation requirements.

Institutional Adoption Grows With XRPL Upgrade

Earlier, issuers in the XRPL utilized trustline freezes that only inhibited new transactions.
It was not a perfect approach, as users could still send held assets, and freezes had to be applied individually.

Deep Freeze immobilizes an entire account’s capacity to move released assets, effectively halting all outgoing token transactions.
This is critical for legal holds, fraud prevention, or sanctions enforcement.

Unlike centralized blockchains, XRPL’s approach preserves visibility and decentralized integrity, a dual advantage for transparency and control.
Deep Freeze automates compliance processes for institutions handling bulk token issuance.

This has become especially relevant for entities like Ripple, Braza Bank, and Societe Generale Forge, which use XRPL to issue stablecoins.

New XRPL Feature Appeals to Institutions

Deep Freeze is not just a technical improvement—it's a strategic enhancement for XRPL’s institutional appeal.

Central banks and asset managers can now enforce regulatory mandates without needing third-party intervention.

As compliance becomes a top priority, features like Deep Freeze should accelerate adoption by major stablecoin issuers like Circle.

It aligns with global compliance standards while maintaining blockchain efficiency.
The feature is now live and available, demonstrating XRPL’s commitment to a compliance-ready blockchain ecosystem.

@ Newshounds News™
Source:  TronWeekly

~~~~~~~~~

BRICS: INDIA AGREES TO DROP TARIFFS ON THE US

According to US President Donald Trump, BRICS member India has agreed to drop its tariffs on the US. It was reported on Monday that India offered the Trump administration a zero-for-zero tradeoff for tariffs on auto parts, steel, and pharmaceuticals.

Speaking at the Oval Office today, Trump credited himself as the reason behind India agreeing to eliminate tariffs on US goods. “They’ve already agreed. They would have never done that for anybody else but me,” Trump said in a media scrum.

The two countries are engaged in ongoing talks of a new trade deal following the United States’ imposition of 10% sweeping trade tariffs on all countries. US President Donald Trump introduced the plan in an effort to balance trade, with the focus being on new agreements that would fulfill this charge.

Representation from India has not confirmed Trump’s claim that they’ve agreed to slash all tariffs on US goods. The two countries remain in talks, according to Trump. Also on Tuesday, India and the United Kingdom came to terms on a new free trade agreement.

Indeed, the deal had been reached after three years of negotiations. The deal will reportedly make it much easier for the UK-based company to export various goods, including automobiles. Moreover, it will cut taxes placed on India’s clothing exports, the BBC reported.

Furthermore, Trump says that the US is “open for business” for deals with several countries on tariff talks. However, one country not included is India’s BRICS partner, China. China and the US remain in heated discussion over tariffs between both countries, including an over 140% tariff on the Asian country. Trump said today that his administration “could sign 25 deals right now” on trade, although none have been finalized by both sides yet, including India.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

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Thank you Dinar Recaps

Treasury's Plan Explained: $770 BILLION Gold REVALUATION to Reprice National Gold Reserves

Treasury's Plan Explained: $770 BILLION Gold REVALUATION to Reprice National Gold Reserves

Lena Petrova:  5-5-2025

Whispers have been circulating within financial circles about a potential bombshell move by the US Treasury: a massive revaluation of its gold reserves, potentially adding a staggering $770 billion to its balance sheet.

While speculation abounds, it’s crucial to understand what this rumored plan entails, its potential implications, and the likelihood of it actually happening.

Simply put, a gold revaluation is the act of increasing the officially recognized value of a country’s gold reserves.

Nations hold gold as a strategic asset, a store of value, and a hedge against economic uncertainty. Historically, the price of gold was pegged to the US dollar under the Bretton Woods system. However, after the collapse of that system in the 1970s, the price of gold has fluctuated freely in the market.

Currently, the US Treasury values its gold holdings at a historical cost basis, far below the current market price. A revaluation would mean updating that value to reflect the current market rate, instantly boosting the book value of the nation’s assets.

The estimated $770 billion figure stems from the discrepancy between the US Treasury’s reported gold holdings (8,133.5 metric tons) and the current market price of gold.

By multiplying the difference between the historical value and the current market price by the amount of gold held, a significant increase in value becomes apparent. Revaluating the gold reserves to reflect today’s market price could indeed add hundreds of billions of dollars to the Treasury’s balance sheet.

While the potential benefits of a gold revaluation are undeniable, the likelihood of it happening remains uncertain. The US Treasury has not officially announced any plans for such a move, and the decision would likely face significant political and economic scrutiny.

The current economic climate, characterized by high inflation and global uncertainty, could make a gold revaluation more appealing. However, the potential risks and complexities associated with such a move cannot be ignored.

The prospect of a $770 billion gold revaluation by the US Treasury is a fascinating topic that highlights the enduring importance of gold in the global financial system. While the potential benefits of strengthening the balance sheet and signaling commitment to sound monetary policy are attractive, the potential risks of inflation and market volatility must be carefully weighed.

Whether or not the US Treasury decides to revalue its gold reserves remains to be seen, but the ongoing discussion underscores the crucial role gold plays in the ongoing debate about economic stability and the future of the dollar.

Watch the video below from Lena Petrova for further insights and information.

https://www.youtube.com/watch?v=wGn6JJKDzBg

News, Rumors and Opinions Tuesday 5-6-2025

Note From Dinar Recaps: As per readers questions:

When the RV/Reset notifications and announcements are released. We have been told we will be able to release this information to all our email subscriber and/or readers.  This is subject to change on what others want done.

We will inform you of everything that we are legally allowed to publish.  Reminder: Everything Dinar Recaps posts is from someone else, NOTHING is from Dinar Recaps.

Our plan is still to have fireworks at the top of our website and this notification and all instructions and information that we are allowed to post and/or email to our newsletter subscribers.

May all our dreams come true soon and thank you to all our devoted readers and Early Access subscribers.

The Dinar Recaps Team

Gold Telegraph: Warren Buffett Says we may Want to Own Other Currencies

5-5-2025

BREAKING NEWS: THE FEDERAL RESERVE IS REVIEWING ITS SECRET RATINGS FOR THE NATION’S BIGGEST BANKS

Ok…

“Most large banks have bad ratings, keeping them from doing deals…”

Source: https://www.wsj.com/finance/regulation/federal-reserve-bank-ratings-review-1b66135f

According to the Russian Foreign Minister, payments in national currencies in trade among BRICS countries total more than 65%.

This is significant.

Here’s President Nixon “temporarily” suspending the dollar’s convertibility into gold.

https://twitter.com/i/status/1918433412752572563

This act dismantled Bretton Woods and launched the fiat era we live in today.

History.

WARREN BUFFETT SAYS THERE COULD BE THINGS THAT WOULD HAPPEN IN US THAT WOULD “MAKE US WANT TO OWN A LOT OF OTHER CURRENCIES”

Plot twist.

Gold…

Source(s):
https://x.com/GoldTelegraph_/status/1918424392708792323

https://dinarchronicles.com/2025/05/04/gold-telegraph-warren-buffett-says-we-may-want-to-own-other-currencies/

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

Frank26  The most important thing that is needed, the only thing that is needed for the new exchange rate to come out of hiding, to no longer be surrounded by weapons to protect it, is security and stability...Do we have it?  I think so.

Mnt Goat   Article:  "IRAQ INVITES MIKE WALTZ TO VISIT BAGHDAD AND SEE THE POSITIVE DEVELOPMENTS ON THE GROUND"  Quotes: "Foreign Minister Fuad Hussein invited US National Security Advisor Mike Waltz on Tuesday to visit Iraq and observe the “developments” taking place in the country on the security, political, and economic levels."; "Minister Fuad Hussein affirmed that the security situation in Iraq is stable and secure...".

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

Determinate the most expensive currency

Nader:  5-6-2025

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

Tuesday Coffee with MarkZ and MilitiaMan. 05/06/2025

Tuesday Coffee with MarkZ and MilitiaMan. 05/06/2025

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: Hello everybody…. Good morning Mark Z

Member: Are we almost there??

MZ: We will have MilitiaMan with us this morning . I am excited to hear what he is hearing.

Member: Hearing any good news from bond folks?

MZ: I had a bond contact chime in to let me know that gold bond contracts are expecting payments this week. It appears that bonds are moving forward with different bonds at different times. That they are taking other historic assets and contracts tells me that they are moving forward and being positioned for that release.

MZ: I am still looking for a bond contact with dollars right now.

Member: IMO-  If bonds are paid out today we won't get money till Friday or the weekend or next Monday….we hope

MZ: “For 100 kg Iraq raises its gold holdings and maintains its global and Arab ranking”  the world gold council on Tuesday announced that Iraq’s gold holdings have risen by 220 pounds to reach 162.7 tons.

MZ: Iraq continues to have positive cash flow for long term stability.

MZ: “Parliamentary Finance: Adopting the unified card in the elections will reduce spending”  This makes sense. If you use a unified ID for voting would eliminate fraud…..common sense.

Member: IMO if we get to another Iraqi election then I will question if this will ever happen with Iraq.  Come on Sudani- pull that trigger!!

MZ: “Can Iraq’s Development road Project become its gateway to prosperity”?  this is a deep dive showing us historically where Iraq fits in the great trade industries of the world. Iraq will have a key role in trade from the middle east to Europe.

Member: Iraq has large amounts of money flowing in from foreign investors

Member: Rumor is  Iraq has to go before the Arab summit? As been said by some on the boards?

Member: The Arab Summit is scheduled to be held on May 17, 2025, in Baghdad, Iraq. The 12th meeting to prepare for the summit was held on March 6, 2025

Member: so mark what I'm seeing in the numbers in the countries we r watching they really can't hold out much longer without upsetting the people beyond trusting their government

Member: Iraq will be forced at some point to revalue to honor contracts. the 1310 won't fly with the current plan-no worries

Member: I wonder- Could  Iraq revaluated already and we don't know yet?

Member: I wonder- Will we see it first on forex live charts??

Member: I wonder- who benefits from the dinar revaluation being delayed?

Member: Many things are happening every single day. Most behind the scenes to protect our patriots and military.

Member: We are in the midst of a huge amazing global shift. On all levels. Patience is our strength right now.

Member: Sovereignty won the Kentucky Derby 

MZ: Who doesn’t love that??? And he out distanced Journalism!!!!!  The symbolism is epic in this one.

Member: Plus the Jockeys name was Zim and he's from Venezuela ,!!! Comms

Member: The jockey that was riding Sovereignty he was from Zimbabwe!!

Member: how will we know when the RV really happens?????

Member: Will Recaps look different when notifications come out?

Member: Recaps said would make symbols that would look like fireworks going off

MZ: yes at one point …maybe a year or two ago they released what it would look  like . If you ask on enough podcasts….they will hear about it and respond just exactly how they are going to handle it ……

Member: Imagine how happy we’re all gonna be when we get that number

Member: Explain the difference between Redemption Centers and Banks please

Member: Redemption Centers are banks. No need to have trained people at every bank as there just isn’t that many currency holders.

Member: A redemption center is just a redeeming bank with specially trained people in foreign currency and wealth management to exchange us. Supposedly with the best rates and perks and security.

Member: redemption centers are supposedly going to be in a bank. They are also called redeeming banks. The center may be on an unused floor in a bank building

Member: Thank you Mark and MM….. MM and Crew and MarkZ both have regular jobs, this is volunteer, Utmost respect.

Member: Everyone have a happy and hopeful day today

MilitiaMan Joins the stream today. Please listen to the replay for his information and opinions

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

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=WXOAlMbr7ds