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

News, Rumors and Opinions Tuesday 6-3-2025

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

Restored Republic via a GCR: Update as of Tues. 3 June 2025

Compiled Tues. 3 June 2025 12:01 am EST by Judy Byington

What We Think We Know as of Tues. 3 June 2025:

The Quantum Financial System Global Currency Reset has been saved from massive cyber-attacks targeting the CBDC infrastructure and central banks. They were coordinated assaults designed to crash economies and create global unrest. Digital vaults were locked, access rerouted and banking strongholds in Switzerland, Tokyo and London were now under Alliance occupation.

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.

Restored Republic via a GCR: Update as of Tues. 3 June 2025

Compiled Tues. 3 June 2025 12:01 am EST by Judy Byington

What We Think We Know as of Tues. 3 June 2025:

The Quantum Financial System Global Currency Reset has been saved from massive cyber-attacks targeting the CBDC infrastructure and central banks. They were coordinated assaults designed to crash economies and create global unrest. Digital vaults were locked, access rerouted and banking strongholds in Switzerland, Tokyo and London were now under Alliance occupation.

Sun. 1 June 2025: President Trump has officially (allegedly) ABOLISHED the IRS. In its place: the External Revenue Service, a new weaponized financial system designed to TAX FOREIGN POWERS — NOT the American people. …Charlie Ward and Friends on Telegram

April 2, 2025 is now LIBERATION DAY. The day the income tax DIED. “We’re done taxing Americans to death. The world will pay US.” That’s the message from Trump. Clear. Final. Explosive.

No more income tax. No more audits. No more fear. The middle class has been unshackled. The IRS — once a Deep State bludgeon — is GONE.

Trump’s ERS will collect funds directly from foreign imports and offshore profiteers. That means massive tariffs on Chinese goods, Mexican produce, foreign oil, European alcohol, luxury yachts — the parasites that fed off us for decades. Now THEY pay. Not YOU.

$700 BILLION annually. That’s the projected revenue from tariffs alone. Enough to run the federal government without touching your paycheck. This isn’t reform — it’s economic WAR — and Trump just dropped the bomb.

“The IRS was a WEAPON. Now it’s dead.” Gone are the days when DC used the IRS to silence patriots, intimidate dissent, and crush the working class. It’s over. The beast has been slain.

“The American worker is not a piggy bank anymore,” Trump declared, fist clenched. “The rest of the world is going to PAY. And we will be RICH again. FAST.”

The External Revenue Service isn’t just a department. It’s a SWORD. And a SHIELD. It’s the financial arm of a Restored Republic.

All across America, the reaction is pure electricity. Veterans salute. Families cry. Small businesses cheer. “I’ve paid taxes for 45 years,” said one retired welder. “Today, I’m free.”

~~~~~~~~~~~

Global Currency Reset:

Mon. 2 June 2025 TNT: TNT is saying he’s expecting this to go imminently. They are ready and could start this at any time. They are hoping to hear after 5pm today and us setting appointments for tomorrow. There are those telling him it might also be going tomorrow (Tuesday) after 5pm. Democracy Dave also chimed in to say that he has contacts corroborating everything Tony is saying.

~~~~~~~~~~~~ 

Mon. 2 June 2025 The New Global Quantum Financial System …QFS on Telegram

The signing of a historic treaty by 209 nations marks the beginning of the greatest financial transition in modern history. The world is about to (allegedly) witness the birth of a new, fair, and gold-backed financial system under GESARA.

For decades, global currencies were manipulated to serve the few. Countries were trapped in cycles of debt, with their wealth extracted through central banks and fiat deception. That ends now.

The treaty also unlocks a Prosperity Fund to finance humanitarian projects worldwide—schools, hospitals, clean water, housing, and restoration.

A Wealth Redistribution Program will (allegedly) ensure that every individual on Earth receives a share. Not just countries, but people. Every QFS account is linked to the individual owner’s biometric ID. Every transaction is instant, uncorrupted, and untraceable by outside forces.

The Stellar Network opens access to secure digital wallets, even in the most remote corners of the world. Individuals no longer need permission from corrupted systems to participate in the global economy.

QFS debit cards, secured by biometric verification and quantum encryption, are replacing them permanently. No more fraud. No more hidden fees. No more theft disguised as bank

Military units are now overseeing the logistics, security, and data coordination of the RV rollout. Secure transport of physical currency, protection of financial institutions, and quantum-level fraud prevention systems are already in motion.

All of it is being done in tandem with international regulators to ensure lawful transition. Training has been underway for months. Financial authorities, central bank whistleblowers, and White Hat insiders are guiding the shift. Military intelligence teams are tracking illicit money flows and freezing cabal assets as we speak.

The old system is disintegrating as banks collapse, payment giants are stripped of power.

The banks were engines of global exploitation. Deutsche Bank, HSBC, JP Morgan—names that laundered trillions for the cabal—are being neutralized. The days of VISA, Mastercard, PayPal, and Stripe exploiting humanity are ending. Everything you knew about money, credit, and ownership is being rewritten from the ground up.

The treaty signed unlocks the revaluation of currencies: some down, but some up like the Iraqi Dinar, Vietnamese Dong, and Zimbabwe ZIM.

Read full post here:  https://dinarchronicles.com/2025/06/03/restored-republic-via-a-gcr-update-as-of-june-3-2025/

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

Mnt Goat  ...we read about the UN praising Iraq for its efforts in AML in article titled  “UNITED NATIONS: WE BELIEVE IN IRAQ’S RETURN TO ITS POSITIVE ROLE.”  Quote:   “The United Nations believes in Iraq and Iraq’s return, and believes that good governance, transparency, and international transition are not just slogans, but rather pillars toward a transparent economy that interacts with the region and the world.”   Are they getting ready for the next step which is…RV time!

Walkingstick  It's all coming together.  It's all coming to a point.  That is a pretty strong statement to release such words [UN saying Iraq will be a banking powerhouse in the coming days]...This is very good...It's a very big deal.  It removes any doubt of what the CBI is doing with their banks and the monetary reform.

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

Iraq Al Sudani Changes Lanes How This Affects Us

Edu Matrix:  6-3-2025

Breaking News from Baghdad! Prime Minister Mohammed Shia Al Sudani is officially entering the 2025 Iraqi elections under a powerful new coalition.

The Construction and Development Alliance. This bold political move unites major figures across the spectrum, including leaders from the Furatayn Movement, National Contract Coalition led by Falih Al-Fayyadh, Wataniya Coalition led by Ayad Allawi, and several others such as Nassif Jassim, Ahmed al-Asadi, Mohammed al-Sahyoud, and Mohammed Sahib al-Daraji.

Set for November 11, 2025, the Iraqi parliamentary elections will determine the future of all 329 Council of Representatives seats—and this new alliance is shaking up expectations. What does this mean for the Iraqi people? Is a new era of leadership and unity on the horizon?  

Watch now for an in-depth look into the political alliances in Iraq, the stakes of the Iraqi government elections, and what role Al Sudani’s coalition will play in shaping the nation’s future. Don’t forget to like, share, and subscribe for real-time updates on the Middle East’s shifting political landscape.

https://www.youtube.com/watch?v=3i_g-bs9yFw

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Economics, Advice, Personal Finance DINARRECAPS8 Economics, Advice, Personal Finance DINARRECAPS8

'Rich Dad Poor Dad' Author Warns 'The Biggest Crash In History Is Coming'

'Rich Dad Poor Dad' Author Warns 'The Biggest Crash In History Is Coming'

Anand Sinha   Mon, June 2, 2025   TheStreet

Robert Kiyosaki, the author of the bestselling book "Rich Dad Poor Dad," has issued another stern warning about the market.

The personal finance writer recently took to X to voice his persistent concern about "the biggest crash in history" that he says is coming as predicted in his book, "Rich Dad’s Prophecy" (2013).

When the stock, bond, and real estate markets crash this summer, millions of people, "especially my generation of boomers," will be wiped out, he warned.

'Rich Dad Poor Dad' Author Warns 'The Biggest Crash In History Is Coming'

Anand Sinha   Mon, June 2, 2025   TheStreet

Robert Kiyosaki, the author of the bestselling book "Rich Dad Poor Dad," has issued another stern warning about the market.

The personal finance writer recently took to X to voice his persistent concern about "the biggest crash in history" that he says is coming as predicted in his book, "Rich Dad’s Prophecy" (2013).

When the stock, bond, and real estate markets crash this summer, millions of people, "especially my generation of boomers," will be wiped out, he warned.

Robert Kiyosaki 

@theRealKiyosaki

Do not say I didn’t warn anyone. As predicted in my book Rich Dad’s Prophecy (2013) the biggest crash in history is coming. I am afraid that crash time is now and through this summer. Unfortunately, millions, especially my generation of boomers will be wiped out when the stock and bond markets crash. The good news is millions who are proactive may become extremely rich… and as you know….I want you to be one of those who become very rich.  To read more: LINK

However, Kiyosaki seemed to offer a way out to "proactive" individuals who can not only survive this crash but may even become "extremely rich."

Billions of traders will shift to gold and Bitcoin — the "digital gold," as Bitcoin proponents like to call it, Kiyosaki predicted. He placed his biggest bet on silver, though:

As per Kraken, Bitcoin was quoted at $104,446.51 at press time, 6.7% lower than its May 22 record high of $111,970.17. Gold was trading at $3,372.30 per oz. at press time, 4% lower than its Apr. 22 record high of $3,500.

Meanwhile, silver was exchanging hands at $34.58 at press time, 30% lower than its record high of $49.95 per oz. that it reached way back in January 1980.

It is this price dynamic of silver that Kiyosaki said he was going to exploit. Gold and Bitcoin are also on his cards.

The bestselling author asked his X followers:

What are you going to do tomorrow….grow richer or grow poorer? Please choose to get richer.

 

TO READ MORE:  https://www.yahoo.com/finance/news/rich-dad-poor-dad-author-223000952.html

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“Tidbits From TNT” Tuesday Morning 6-3-2025

TNT:

Tishwash:  Central Bank: Liquidity is available, and our reserves exceed $100 billion

The Central Bank confirmed on Monday that liquidity is fully available, while indicating that reserves have exceeded $100 billion.

Mohammed Younis, Director General of the Bank's Investment Department, told the Iraqi News Agency (INA): "Liquidity is fully available, whether in Iraqi dinars or US dollars, and there is no shortage in this regard." He pointed out that "the Central Bank's reserves have exceeded $100 billion, in addition to Iraq's large gold reserves, exceeding 163 tons."

Younis added that "the Central Bank is not an investment entity, but rather is concerned with managing Iraq's foreign exchange reserves," explaining that "the goal of these reserves is not to make profits, but rather to ensure reasonable returns."

TNT:

Tishwash:  Central Bank: Liquidity is available, and our reserves exceed $100 billion

The Central Bank confirmed on Monday that liquidity is fully available, while indicating that reserves have exceeded $100 billion.

Mohammed Younis, Director General of the Bank's Investment Department, told the Iraqi News Agency (INA): "Liquidity is fully available, whether in Iraqi dinars or US dollars, and there is no shortage in this regard." He pointed out that "the Central Bank's reserves have exceeded $100 billion, in addition to Iraq's large gold reserves, exceeding 163 tons."

Younis added that "the Central Bank is not an investment entity, but rather is concerned with managing Iraq's foreign exchange reserves," explaining that "the goal of these reserves is not to make profits, but rather to ensure reasonable returns."

He continued, "The reserves are managed according to well-thought-out policies based on high safety standards, and are invested in safe financial instruments that generate acceptable returns." He emphasized that "Iraq is on a good economic path."  link 

Al-Sudani and the Islamic Union Parliamentary Committee stress the importance of approving the oil and gas law.

Iraqi Prime Minister Mohammed Shia al-Sudani received a delegation from the Kurdistan Islamic Union Party's parliamentary bloc on Tuesday. The meeting discussed vital issues related to the relationship between the federal government and the Kurdistan Region.

During the meeting, the two parties emphasized the "need to find radical solutions, within the framework of the constitution and the law, regarding the Kurdistan Regional Government's financial obligations, based on the provisions of the budget law and the Federal Court's decision."

The importance of passing the oil and gas law was also emphasized, according to a statement from the Prime Minister's Office, referring to one of the most contentious issues between Baghdad and Erbil in years.

Al-Sudani explained that the government "is keen to meet citizens' aspirations and monitor their affairs throughout Iraq, based on its legal and constitutional responsibilities and the priorities and needs of citizens."

During the meeting, "a number of national issues and topics were discussed, as well as the government's implementation of its service and economic program."

For their part, members of the Kurdistan Islamic Union parliamentary bloc pointed to "the importance of the strengthening of security and social stability, coupled with a comprehensive economic and urban renaissance," praising "the government's efforts in service-related issues and tangible reforms, and their positive impact on the lives of citizens across the country."

This comes as the Coordination Framework also affirmed the federal government's commitment to guaranteeing the rights of all citizens, noting at the same time that the enactment of the oil and gas law represents the core of the solution between Baghdad and Erbil.

The Iraqi constitution devotes two articles to the issue of oil and gas, Articles 111 and 112, without addressing how the country's oil policy will be formulated. This was left to the issuance of the Oil and Gas Law, which, after two decades and the current Iraqi government's pledge to issue it within six months, remains unclear when it will be issued. link

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

Tishwash:  After the dollar stabilizes, the Sudanese Central Bank directs that price manipulators be held accountable (document)

Prime Minister Mohammed Shia al-Sudani issued an "important" directive today, Monday (June 2, 2025), to the departments responsible for combating economic crime to pursue and hold accountable those who manipulate prices, especially owners of food, medicine, bakeries and ovens.

According to a letter issued by the Prime Minister's Office, received by "Baghdad Today", al-Sudani's directive "comes after Iraqi markets witnessed a noticeable stability in the exchange rate of the US dollar against the Iraqi dinar, at a time when some weak-willed people still insist on selling goods at the previous prices, which witnessed a significant increase during the period of the decline in the value of the dinar against the dollar."

He stressed that "this manipulation directly harms the citizen and requires decisive government intervention to impose oversight and enforce the law."

text  of the document

May God's peace, mercy, and blessings be upon you.

M/Directive

In view of the stability of exchange rates (the dollar versus the Iraqi dinar), it was observed that some companies, merchants, and weak-willed individuals were exploiting prices or keeping them as they were without regard for market stability, especially food and medicine owners, bakeries, and ovens, due to their failure to adjust the selling prices of items that citizens need on a daily basis. There is no clear oversight role by the economic departments to follow up on these cases. After the Prime Minister - Commander-in-Chief of the Armed Forces was informed of the above content, His Excellency ordered the following:

The departments responsible for combating economic crime shall monitor and hold accountable those who manipulate prices and take the necessary legal measures against them.

Coordination with the Ministries of Trade, Agriculture, and Health to ensure the stability of the price ratio of items that affect the lives of citizens on a regular basis. link

Mot: .... Did You Know!!!! 

Mot:  Yet another ole ""Mot"" tip on Raising the ""Wee Folks"" 

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Militiaman, News Dinar Recaps 20 Militiaman, News Dinar Recaps 20

The MM&C Iraq Dinar Update-Global ASYCUDA system-Pricing Changes-Taxation-Purchasing Power-Energy-WB

The MM&C Iraq Dinar Update-Global ASYCUDA system-Pricing Changes-Taxation-Purchasing Power-Energy-WB

6-2-2025

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

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

The MM&C Iraq Dinar Update-Global ASYCUDA system-Pricing Changes-Taxation-Purchasing Power-Energy-WB

6-2-2025

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

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

https://www.youtube.com/watch?v=Rz0V5K0molY

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News DINARRECAPS8 News DINARRECAPS8

Iraq Economic News And Points To Ponder Monday Afternoon  6-2-25

Central Bank: Liquidity Is Available And Our Reserves Have Exceeded $100 Billion

The Central Bank of Iraq confirmed on Monday that liquidity is fully available in both local and foreign currencies, revealing that foreign reserves have exceeded $100 billion, in addition to possessing a gold reserve exceeding 163 tons.

Muhammad Younis, Director General of the Bank's Investment Department, told the Iraqi News Agency (INA), "Liquidity is fully available, whether in Iraqi dinars or US dollars, and there is no shortage in this regard," noting that "the Central Bank's reserves have exceeded $100 billion."

Central Bank: Liquidity Is Available And Our Reserves Have Exceeded $100 Billion

The Central Bank of Iraq confirmed on Monday that liquidity is fully available in both local and foreign currencies, revealing that foreign reserves have exceeded $100 billion, in addition to possessing a gold reserve exceeding 163 tons.

Muhammad Younis, Director General of the Bank's Investment Department, told the Iraqi News Agency (INA), "Liquidity is fully available, whether in Iraqi dinars or US dollars, and there is no shortage in this regard," noting that "the Central Bank's reserves have exceeded $100 billion."

Younis explained that "Iraq also has a large gold reserve of more than 163 tons," indicating that "the Central Bank is not an investment entity, but rather is concerned with managing foreign exchange reserves according to well-thought-out policies and high security standards."

He pointed out that "the goal of these reserves is not to make profits, but rather to ensure reasonable returns through safe financial instruments," stressing that "Iraq is on a good economic path." https://www.radionawa.com/all-detail.aspx?jimare=41960

Al-Sudani Directs The Removal Of All Obstacles Hindering The Tax Reform Process

Monday, June 2, 2025 | Economic Number of reads: 327   Baghdad / NINA / - Prime Minister Mohammed Shia Al-Sudani issued a number of directives regarding tax reform during his visit to the General Tax Authority, today, Monday.

Al-Sudani directed, according to a statement by his media office, to remove all obstacles hindering the tax reform process. He also directed the Higher Committee for Tax Reform to prepare unified designs for model buildings for the Authority and its branches across Iraq, provided that the Ministry of Finance allocates the necessary lands.

The Prime Minister also directed to contact specialized international companies to submit bids related to the comprehensive tax system, while directing the Higher Commission for Coordination between Governorates to allocate technical employees, engineers and specialists in tax issues to work in the branches of tax units in the governorates.

He directed the Ministry of Communications to complete the network connection of the General Tax Authority and its branches in order to facilitate tax accounting, in addition to directing to resolve all problems related to employees in order to remove any obstacles to the work of the Authority.

The Prime Minister visited the General Tax Authority today, Monday, during which he toured the Authority's headquarters to review its work mechanisms. He met with the employees working there, the citizens who reviewed it, and the lawyers representing the companies.

Al-Sudani was briefed on a number of problems related to the tax sector and its workers, most notably the lack of infrastructure and the Ministry of Finance's weak follow-up of this Authority, starting with the failure to provide the amounts of notifications that could provide tax revenues, its delay in dealing with the issue of automation, and the lack of a main contracting party to conclude contracts with foreign companies specialized in this matter, as well as the problem of routine communication between the General Tax Authority and the Ministry of Finance, and other problems and obstacles facing the Authority that require the Ministry to pay the necessary attention to this vital institution.

He pointed out that there is a weakness in dealing with the reform packages developed by the Higher Committee for Tax Reform approved by the Prime Minister, and that they cannot be implemented due to some obstacles from within the Authority or by other official bodies. / End https://ninanews.com/Website/News/Details?key=1231375

Oil Prices Rise Despite Increased OPEC+ Supplies

Time: 2025/06/02  Read: 2,115 times  {Economic: Al Furat News} Oil prices rose by more than $1 per barrel in trading on Monday, after the OPEC+ group decided to increase production in July at the same pace it has adopted over the past two months, in line with market expectations.

Brent crude futures rose to $64.44 per barrel, after ending Friday's session down 0.9%.  US West Texas Intermediate crude also rose 2.8% to $62.54, after a slight decline of 0.3% in the previous session.

However, both crudes ended last week down more than 1%.

This price surge follows a decision by the Organization of the Petroleum Exporting Countries (OPEC) and its allies on Saturday to increase production by 411,000 barrels per day in July, marking the third consecutive monthly increase. The group, known as OPEC+, seeks to regain market share and enforce discipline on members who have exceeded their production quotas.

The group was expected to consider raising production at a higher rate, but the decision was in line with expectations.  LINK

Gold Prices Rise In Baghdad And Erbil Markets

Monday, June 2, 2025 | Economic Number of reads: 176   Baghdad/ NINA / The prices of "foreign and Iraqi" gold rose in the local markets on Monday, in Baghdad and Erbil.

The selling price of one mithqal of Gulf, Turkish and European gold, 21 carats, in the wholesale markets on Al-Naher Street this morning was 667 thousand dinars, and the purchase price was 663 thousand dinars.

The selling price of one mithqal of 21 carat Iraqi gold was 637 thousand dinars, and the purchase price was 633 thousand dinars.

In goldsmiths' shops, the selling price of one mithqal of 21 carat Gulf gold ranged between 670 thousand and 680 thousand dinars, while the selling price of one mithqal of Iraqi gold ranged between 640 thousand and 650 thousand dinars.

In Erbil, gold prices also witnessed a rise, as the sale of 24 karat gold reached 765 thousand dinars, 22 karat gold reached 700 thousand dinars, 21 karat gold reached 670 thousand dinars, and 18 karat gold reached 575 thousand dinars. / End   https://ninanews.com/Website/News/Details?key=1231347

The Dollar's Price Rose Against The Dinar In Local Markets

Monday, June 2, 2025, | Economic Number of readings: 124   Baghdad / NINA / The price of the dollar rose against the dinar, Monday afternoon, in the markets of Baghdad and Erbil, with the closing of the stock exchange.

The price of the dollar witnessed a rise in the Al-Kifah and Al-Harithiya stock exchanges, recording 141,700 dinars for every $100, while this morning

it recorded 141,300 dinars for every $100. The selling price rose in exchange shops in the local markets in Baghdad, recording 142,750 dinars for every $100, while the purchase price reached 140,750 dinars for every $100.

In Erbil, the dollar also recorded a rise, as the selling price reached 141,550 dinars for every $100, and the purchase price reached 141,450 dinars for every $100. /End https://ninanews.com/Website/News/Details?key=1231403

 

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

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Economics, sovereign man DINARRECAPS8 Economics, sovereign man DINARRECAPS8

Jamie Dimon Warns About America’s Coming Debt Crisis

Jamie Dimon Warns About America’s Coming Debt Crisis

Notes From the Field By James Hickman (Simon Black)  June 2, 2025

Jamie Dimon is one of America’s most prominent and successful CEOs; he built JP Morgan Chase into a $4 trillion juggernaut, so it’s fair to say that he understands global finance in a way that most people-- and most politicians-- do not.

 On Friday, Dimon sat down for a 30+ minute live interview at the Reagan National Economic Forum-- named after the 40th President who constantly preached cost-cuts and responsible spending.

Jamie Dimon Warns About America’s Coming Debt Crisis

Notes From the Field By James Hickman (Simon Black)  June 2, 2025

Jamie Dimon is one of America’s most prominent and successful CEOs; he built JP Morgan Chase into a $4 trillion juggernaut, so it’s fair to say that he understands global finance in a way that most people-- and most politicians-- do not.

 On Friday, Dimon sat down for a 30+ minute live interview at the Reagan National Economic Forum-- named after the 40th President who constantly preached cost-cuts and responsible spending.

Dimon opened his remarks talking about Reagan, who sounded the alarm about the national debt back in the early 1980s when America’s debt to GDP ratio was just 35%. Today it’s 122%. And with each passing year the number becomes even worse.

 Dimon warned the audience that “tectonic plates are shifting,” referring to America’s status as the dominant superpower in the world-- which is rapidly slipping.

 “The amount of mismanagement is extraordinary,” he said. America has added $10 trillion to the national debt in just five years… and for what benefit? Is the country $10 trillion better off? Did any of that $10 trillion improve the lives of anyone who isn’t in Washington DC?

 But all of that debt is quickly reaching a point where it will become nearly impossible to service. Just covering the interest payments on the national debt now costs taxpayers more than $1 trillion per year. And if the current trend on rates and deficit spending hold, it will reach $2 trillion per year by 2028.

(He joked that the government spending is worse than the proverbial “drunken sailor,” because at least a drunken sailor spends his own money.)

 As a result of this insane level of debt and spending, Dimon warned, “you are going to see a crack in the bond market. It’s going to happen.”

 What he means is that US government bonds have long been considered the global “risk-free” asset… and whenever the Treasury Department would sell more bonds, investors would dutifully buy as much debt as the government was selling.

 But that’s no longer the case. “Bond vigilantes are back”, Dimon agreed, and investors are now shunning US government securities.

 This is going to cause a major problem for the United States; running such huge deficits year after year means the Treasury Department NEEDS lenders, it NEEDS investors to buy US government bonds.

 If investors pull back, the natural consequence will be MUCH higher Treasury yields and interest rates, resulting in a full-blown fiscal crisis in the United States… including major inflation.

 “The future- what I see-- is inflationary,” Dimon predicted. “I don’t know if the crisis will be in six months or six years, [but] I’m hoping that we change. . . the trajectory of the debt” before that crisis occurs.

 It was a pretty blunt warning to a room full of policymakers-- which included several officials from the Federal Reserve and the Trump administration.

 Dimon is absolutely right, of course. Peter and I have been talking about this same debt crisis for years, and it’s only become worse.

For someone of Dimon’s gravitas to sound the alarm bells is a big deal-- and he echos Warren Buffett’s most recent annual letter which similarly admonishes the federal government to get its fiscal act together.

 Sadly, it doesn’t appear that the government is listening.

 On Sunday, Treasury Secretary Scott Bessent dismissed Dimon’s warnings and claimed, rather bizarrely, that “the deficit this year is going to be lower than the deficit last year, and in two years it will be lower again.”

 That statement is just patently false.

 In Fiscal Year 2024, the $1.8 trillion deficit constituted 6.4% of GDP. This year’s deficit hit $1.3 trillion just in the first SIX MONTHS! Let’s be kind and assume that the annual deficit this year will be ‘only’ $2.0 trillion, or 6.6% of GDP -- that would amount to a higher deficit on both a nominal and relative basis.

 Plus, the “One Big Beautiful Bill” will add quite a bit more to the deficit. Don’t get me wrong-- tax cuts are great. But spending cuts are even more critical right now… and this bill is extremely deficient in that department.

 Senator Rand Paul confirmed this later and said (of Bessent’s comments), “the math doesn’t really add up” and that the administration’s current spending plan is to have a total deficit of “five trillion over [the next] two years”.

 Any way you slice it; the deficit is increasing… not decreasing.

 Elon Musk lamented this as well, saying that he was “disappointed” by how the spending/tax bill increases the deficit.

 There do seem to be a handful of Senators willing to take a stand and demand bigger spending cuts. We’ll see how that pans out. But it’s clear that the majority of politicians don’t have a care in the world about the deficit.

 They almost have a sense of entitlement in assuming that investors from around the world will continue buying US government bonds no matter how precarious America’s fiscal situation becomes.

Jamie Dimon closed his remarks talking companies in the private sector who had a similar sense of entitlement-- Kmart, Sears, Blackberry, Nokia, etc. all had tremendous “arrogance, greed, complacency, bureaucracy.”

 They all assumed their greatness and success would last forever. But that’s a horrible assumption. Greatness and success have to be earned every day, year after year.

 The US government has been doing the opposite for far too long; rather than earning success and greatness, they find unique ways to cripple themselves and make things worse.

 Dimon rightfully pointed out that the ship can still be turned around. And it can. But it certainly makes sense to have a Plan B in case they don’t. These risks are very real, and it’s sensible to take them seriously.

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

https://www.schiffsovereign.com/trends/jamie-dimon-warns-about-americas-coming-debt-crisis-152892/?inf_contact_key=10f9bd3e707d2d9c6e43487e62db53cbf2dd6ac02ffa012fb72df8aa66cf6bc6

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Frank26, KTFA Dinar Recaps 20 Frank26, KTFA Dinar Recaps 20

FRANK26….6-2-25……LET’S TALK

KTFA

Monday Night Conference Call

FRANK26….6-2-25……LET’S TALK

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

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

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

KTFA

Monday Night Conference Call

FRANK26….6-2-25……LET’S TALK

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

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

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

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

https://www.youtube.com/watch?v=taFW8Lhj6AI

 

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Gold and Silver, Economics Dinar Recaps 20 Gold and Silver, Economics Dinar Recaps 20

Economist’s “News and Views” 6-2-2025

Gold's Ultimate Safe-Haven Status Becomes Obvious

Mike Maloney & Alan Hibbard:  6-2-2025

The gold price is currently $3373, the silver price is now $34.24 Are we witnessing the final—and most explosive—stage of the gold bull market?

In this powerful episode, Mike Maloney and Alan Hibbard expose the seismic shift happening in global finance. As the dollar, stocks, and bonds falter simultaneously—a rare phenomenon last seen in the 1970s—gold is surging to new heights.

Gold's Ultimate Safe-Haven Status Becomes Obvious

Mike Maloney & Alan Hibbard:  6-2-2025

The gold price is currently $3373, the silver price is now $34.24 Are we witnessing the final—and most explosive—stage of the gold bull market?

In this powerful episode, Mike Maloney and Alan Hibbard expose the seismic shift happening in global finance. As the dollar, stocks, and bonds falter simultaneously—a rare phenomenon last seen in the 1970s—gold is surging to new heights.

 They dive into data, charts, and historical comparisons that show why gold is reclaiming its throne as the world’s ultimate safe-haven asset.

Discover:

Why investors worldwide are abandoning fiat currencies

How today’s economic chaos mirrors the 1970s gold explosion

 Four solid reasons to own gold NOW

How central bank demand is building a rising floor under gold prices

Plus, get Mike’s take on tariffs, trade wars, and why these policies might plunge us into stagflation or worse.

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

$100 Billion ‘Ghost Field’ Discovery Could Power America for 30,000 Years

It has the potential to drive down energy cost here in the United States and rebuild manufacturing,” says financial journalist and research economist Garrett Baldwin.

In an eye-opening interview with Daniela Cambone, Baldwin reveals a groundbreaking energy development powered by Enhanced Geothermal Systems (EGS), a technology with the power to transform the U.S. energy grid.

According to Baldwin, unlike solar and wind, EGS taps into the Earth's virtually unlimited heat, providing 24/7, clean, base-load power—and it’s already happening on U.S. public land.

 “I looked at this story out in Utah… I’d never seen anything like it before.”

https://www.youtube.com/watch?v=BA5LWeLqkBs

They Just Revealed Their Plan to Deal with the Debt Crisis

Heresy Financial:  6-2-2025

TIMECODES

00:00 The Promise of Fiscal Change (and the Disappointment)

 00:28 The Debt Is Growing—Here’s the Real Plan

01:35 The 4 Ways a Country Deals with Debt

01:46 Option 1: Inflation (And Its Dangers)

 02:48 Option 2: Austerity Explained

03:45 Can the U.S. Really Cut Back?

 05:19 Option 3: Default (Why It Won’t Happen)

06:43 Option 4: Growth (The Current Strategy)

07:41 Does Tax Cuts = Economic Growth?

 08:58 Growth Needs More Than Just Tax Cuts

09:42 Deregulation, Innovation & Government Interference

11:02 The Hidden Cost: Inflation Still Hits Hard

11:51 How to Prepare for What’s Coming (Black Swan CTA)

12:04 Final Thoughts

https://www.youtube.com/watch?v=ENhQtnz-BN0

 

 

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Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8

Finally Hit It Rich? Here are the Top 5 Reasons To Never Share That With Anyone

Finally Hit It Rich? Here are the Top 5 Reasons To Never Share That With Anyone (even your closest friends)

Vishesh Raisinghani   Mon, June 2, 2025  Moneywise

If you’ve managed to accumulate some wealth, showing it off can often be tempting. After all, what’s the point of success if you can’t indulge in it?

However, a growing cohort of ultra-wealthy Americans are trying to conceal their wealth rather than flaunt it openly. Here are five reasons why stealth wealth or quiet luxury lifestyles are gaining traction and why you should consider concealing the true extent of your fortune.

Finally Hit It Rich? Here are the Top 5 Reasons To Never Share That With Anyone (even your closest friends)

Vishesh Raisinghani   Mon, June 2, 2025  Moneywise

If you’ve managed to accumulate some wealth, showing it off can often be tempting. After all, what’s the point of success if you can’t indulge in it?

However, a growing cohort of ultra-wealthy Americans are trying to conceal their wealth rather than flaunt it openly. Here are five reasons why stealth wealth or quiet luxury lifestyles are gaining traction and why you should consider concealing the true extent of your fortune.

Privacy and security

Being publicly wealthy could make you a prime target for thieves, fraudsters and criminal gangs. According to Silicone Valley Bank’s coverage of a study by Experian and the Department of Justice, identity theft is 43% more prevalent among the affluent.

Organized criminal gangs have targeted celebrities like Kim Kardashian and Paris Hilton, while high-profile athletes in major leagues such as the NFL and NBA are at risk of targeted home invasions, according to an the FBI report obtained by ABC News.

Business Insider even reported that Warren Buffett evaded a kidnapping in the 1980s.

With this in mind, downplaying your fortune could be the best way to safeguard your privacy and protect your family.

Broken relationships

Money has an undeniable impact on your personal relationships, especially if your loved ones are not on the same page as you when it comes to finances.

While it’s not a good idea to hide your financial standing from a legal spouse, new friendships and certain family members may be another story. Roughly 57% of Americans admit to feeling envious of someone else’s financial situation, according to a 2023 finance survey.

Put simply, hiding your income and wealth could be a great way to sustain your relationships.

Avoid lifestyle creep

One of the pitfalls of flaunting your wealth is that it’s difficult to stop. Once you’ve bought a fancy house or luxury vehicle, downgrading could be embarrassing which puts pressure on you to sustain that lifestyle.

TO READ MORE:  https://www.yahoo.com/finance/news/finally-hit-rich-top-5-120700558.html

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Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8

6 Money Lessons From Rachel Cruze That People Hate the Most

6 Money Lessons From Rachel Cruze That People Hate the Most

Nicole Spector  Mon, June 2, 2025   GOBankingRates

“The truth hurts!” is the kind of puerile retort we’re used to hearing in elementary school scrimmages and on trashy daytime talk shows. Yet, sometimes, this is a pretty spot-on sentiment. Scientific research has found that hearing the truth really can be hurtful. But it’s also usually necessary for growth. And this applies to our financial lives as much as, if not more than, anything else.

In her more than 15 years of working in the personal finance space, Rachel Cruze has found that there are some money truths, or lessons, that especially rub people the wrong way. Here are the six things that Cruze teaches about money that folks hate to hear about the most.

6 Money Lessons From Rachel Cruze That People Hate the Most

Nicole Spector  Mon, June 2, 2025   GOBankingRates

“The truth hurts!” is the kind of puerile retort we’re used to hearing in elementary school scrimmages and on trashy daytime talk shows. Yet, sometimes, this is a pretty spot-on sentiment. Scientific research has found that hearing the truth really can be hurtful. But it’s also usually necessary for growth. And this applies to our financial lives as much as, if not more than, anything else.

In her more than 15 years of working in the personal finance space, Rachel Cruze has found that there are some money truths, or lessons, that especially rub people the wrong way. Here are the six things that Cruze teaches about money that folks hate to hear about the most.

Don’t Buy a New Car Until You’re a Millionaire

No financial expert wants you to go out and buy a new car if you can’t afford it, but Cruze runs extra conservative here. She disapproves of anybody buying a new car if they have a net worth under $1 million. Many people don’t like her take, but it’s worth hearing out. New cars depreciate rapidly the instant you drive them off the lot. And they just keep plummeting in value over time.

“If you have the margin to be able to take that financial hit and it’s not a big deal in your world overall, then that’s OK to do,” Cruze said.

Eliminate Credit Cards From Your Life

We all know that credit cards can hurt us if we’re not careful, but we may not recognize just how careful we need to be. And we may not realize that credit card companies are constantly coming up with ways to seduce us into spending more. Think travel points and cash-back rewards.

Cruze advises people to stay away from credit cards entirely — advice people tend to find is unrealistic or overly aggressive. But honestly, most people aren’t paying off their credit cards every month, even though they know they should be. Additionally, a no-credit-card life is a pretty peaceful one.

“When you choose a life without debt, not only mathematically are you not sending your income to banks instead of keeping your income and investing it for yourself, there’s also an emotional aspect:When you have autonomy over your money completely … there is a level of peace that comes with that,” Cruze said.

Combine Checking Accounts With Your Spouse

TO READ MORE:  https://finance.yahoo.com/news/6-money-lessons-rachel-cruze-180035778.html

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