Iraq Economic News and Points To Ponder Wednesday Morning 8-13-25
A Banking Disaster... 10 Iraqi Banks Are Under The Guillotine!
August 13, 2025 Al-Mustaqillah/- In a dangerous development that exposes the fragility of the Iraqi banking system, Central Bank Governor Ali Al-Alaq announced on Tuesday that 10 Iraqi banks are now subject to liquidation after being unable to return customer deposits.
This development raises serious questions about the future of the country's financial sector.
A Banking Disaster... 10 Iraqi Banks Are Under The Guillotine!
August 13, 2025 Al-Mustaqillah/- In a dangerous development that exposes the fragility of the Iraqi banking system, Central Bank Governor Ali Al-Alaq announced on Tuesday that 10 Iraqi banks are now subject to liquidation after being unable to return customer deposits.
This development raises serious questions about the future of the country's financial sector.
Al-Alaq revealed that 80% of Iraqi currency remains locked away from banks due to a lack of trust in the banking system, reflecting a long-standing failure to restore public confidence.
According to informed sources, this liquidation is not merely an "administrative reform,"
but rather comes amid stifling US pressure and sanctions targeting a number of Iraqi banks on charges related to illegal transfers, rendering them unable to continue their financial activities.
The 2025 banking reform document promoted by the Central Bank aims, according to Al-Alaq,
to modernize the banking system and attract global partnerships.
However, it is striking that only 10% of banks have expressed reservations about the plan,
while the rest face the risk of collapse or closure.
The liquidation of these banks may open the door to questions about who bears responsibility for their collapse. Are they victims of external sanctions, or the result of the corruption and mismanagement that have plagued the banking sector for decades?
As the government promotes reform plans, the Iraqi banking sector appears to be entering a "cruel selection" phase between those who will survive and those who will be wiped out... but the price may be paid first by depositors.
https://mustaqila.com/كارثة-مصرفية-10-بنوك-عراقية-تحت-المقصلة/
Relations: 10 Banks Are Unable To Return Customer Deposits, And Lack Of Confidence Keeps 80% Of Funds Outside Banks.
Economy Yesterday, 12:35 | 1760 Baghdad Today – Baghdad Central Bank Governor Ali Al-Alaq confirmed on Tuesday (August 12, 2025) that approximately 80% of the Iraqi currency is stored outside banks in homes due to weak confidence in the banking system.
Al-Alaq explained in a press statement followed by "Baghdad Today" that "the reform document for the year (2025) aims to modernize banks according to international standards and attract global partnerships," stressing that "the banking reform document represents a strategic step to enhance confidence in the Iraqi banking system and address shortcomings."
He also revealed that only (10%) of the banks expressed reservations about the plan, while there are (10) banks under liquidation due to their inability to return customers’ deposits. https://baghdadtoday.news/280767-80.html
The Governor Of The Central Bank Holds An Important Meeting With Oliver Wyman.
August 12, 2025 The Governor of the Central Bank holds an important meeting with Oliver Wyman.
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, and the relevant team
held a meeting with Oliver Wyman to discuss the contents of the Iraqi Private Banks Association’s letter regarding the banking reform plan.
His Excellency confirmed that the Central Bank had completed an extensive discussion,
during which the attendees expressed their understanding of the points contained in
the letter and ways to flexibly adapt some of the plan’s provisions to facilitate implementation.
The company has begun studying available means to present the best proposals and ideas in this regard as soon as possible.
This bank confirms what it announced during the months-long preparation period of the plan, that the
goal of the plan is to achieve a real project to build and stabilize the banking sector, enabling it to to operate safely and effectively in accordance with international practices and standards and
local laws.
This is to enhance governance, compliance, and risk management, and to transition banks to an economic role that enhances the development process and provides services with the highest levels of efficiency and effectiveness, utilizing the best practices and modern technologies.
The bank emphasizes that the plan will enhance local and international confidence in the Iraqi banking sector, particularly since implementation of the plan and adherence to its provisions will lead to the restoration of relations between all banks that meet the plan's requirements and internationally accredited correspondent banks, particularly those banks that do not currently have international banking relationships.
The bank also thanks all banks for their engagement with the plan and their fruitful cooperation with the Central Bank to achieve common goals in the public interest, emphasizing that the plan's success depends on the cooperation of all concerned parties.
The bank noted that it has succeeded in many aspects over the past period and hopes to continue to implement this plan to its fullest potential. Central Bank of Iraq Media Office https://cbi.iq/news/view/2952
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com
Seeds of Wisdom RV and Economic Updates Wednesday Morning 8-13-25
Good Morning Dinar Recaps,
U.S. Banks Warn Congress: Close GENIUS Act Stablecoin Loophole Before It Disrupts the Financial System
A coalition of major U.S. banking organizations is calling on Congress to close a critical loophole in the newly enacted GENIUS Act, warning that it could allow stablecoin issuers to offer yields through affiliate businesses — a move they say could drain trillions from the banking system and destabilize the U.S. credit market.
Good Morning Dinar Recaps,
U.S. Banks Warn Congress: Close GENIUS Act Stablecoin Loophole Before It Disrupts the Financial System
A coalition of major U.S. banking organizations is calling on Congress to close a critical loophole in the newly enacted GENIUS Act, warning that it could allow stablecoin issuers to offer yields through affiliate businesses — a move they say could drain trillions from the banking system and destabilize the U.S. credit market.
The Loophole at the Heart of the Dispute
Signed into law on July 18, the GENIUS Act prohibits stablecoin issuers from directly paying interest or yield to token holders. However, it does not explicitly extend this restriction to crypto exchanges or other affiliated platforms.
This omission, banking groups argue, creates a backdoor for issuers to indirectly pay yields, sidestepping the law’s intent and undermining the banking sector’s ability to retain deposits.
The Bank Policy Institute (BPI) — joined by the American Bankers Association, Consumer Bankers Association, Independent Community Bankers of America, and the Financial Services Forum — warned in a letter to Congress that this gap could trigger a deposit flight of up to $6.6 trillion from the traditional banking system.
Why Bankers See a Risk
Banks rely on deposits to fund loans for households and businesses. If large amounts of capital shift into yield-bearing stablecoins, credit availability could shrink, interest rates could climb, and borrowing could become more expensive for Main Street.
According to the April U.S. Treasury report cited in the letter, such an outflow could:
Increase deposit flight risk, especially during periods of market stress.
Reduce overall credit supply in the economy.
Lead to higher loan costs for businesses and consumers.
The Competitive Edge of Yield-Bearing Stablecoins
Yield is one of the strongest marketing tools for stablecoin adoption.
Some stablecoins offer built-in rewards, while others — such as Circle’s USDC — provide incentives through exchanges like Coinbase and Kraken.
Coinbase CEO Brian Armstrong insists these payments are “rewards,” not “interest,” arguing they fall outside the GENIUS Act’s restrictions.
PayPal has also indicated it plans to continue offering incentives for its stablecoin users.
Bankers counter that stablecoins differ fundamentally from bank deposits or money market funds because they do not fund loans or invest in securities to generate returns. Instead, they are designed to maintain a fixed peg, meaning any yield offered would be purely a competitive draw for deposits, not a driver of economic growth.
Market Context
Stablecoin Market Cap: $280.2 billion as of mid-2025.
Dominance: Over 80% controlled by Tether (USDT) and USDC.
U.S. Money Supply Comparison: Stablecoins are still a fraction of the $22 trillion U.S. dollar supply.
Growth Projections: Treasury estimates the stablecoin market could reach $2 trillion by 2028.
Balancing Dollar Dominance with Financial Stability
Crypto industry analysts argue that the GENIUS Act — by legitimizing and promoting dollar-backed stablecoins — could strengthen U.S. dollar dominance on the global stage, especially in competition with rival currencies.
However, bankers warn that without tighter rules, the same growth could come at the cost of domestic financial stability.
As the stablecoin sector expands, the fight between innovation and regulation is intensifying — and lawmakers may soon have to decide whether this “gray zone” in the GENIUS Act will be closed or exploited.
@ Newshounds News™
Sources: Coinpedia and Cointelegraph
~~~~~~~~~
SEC Shifts Focus to Clear Crypto Rules After Ripple Settlement
The U.S. Securities and Exchange Commission (SEC) is turning its attention toward crafting a clear regulatory framework for cryptocurrency, following the conclusion of its nearly five-year legal battle with Ripple Labs.
Case Closure Frees Regulatory Focus
The dispute, which began in December 2020, ended after both parties agreed to drop appeals and cover their own legal costs. SEC Commissioner Hester Peirce called the resolution a “welcome development” that frees resources for policymaking.
SEC Chair Paul Atkins echoed this sentiment, stating that the agency can now move “from the courtroom to the policy drafting table” to build rules that encourage innovation while protecting investors.
Background of the Ripple Case
The SEC alleged Ripple raised $1.3 billion through unregistered XRP sales.
In July 2023, Judge Analisa Torres ruled XRP was not a security for retail sales, but was a security in institutional sales.
Ripple was fined $125 million in August 2024.
Push for the CLARITY Act
The conclusion of the Ripple case comes as lawmakers debate the CLARITY Act, a bill intended to define digital assets more clearly under U.S. law. Republican sponsors aim to pass it by Sept. 30, alongside the Anti-CBDC Surveillance State Act, which seeks to block a U.S. central bank digital currency.
However, opposition is mounting. Key Democrats, led by Rep. Maxine Waters, have labeled the package “dangerous” and accused Republicans of fast-tracking it without sufficient safeguards.
Key Takeaway
With Ripple litigation behind it, the SEC faces mounting pressure to deliver well-defined crypto regulations that can balance innovation, investor protection, and political consensus.
@ Newshounds News™
Source: Cointelegraph
~~~~~~~~~
DeFi Advocates and a16z Call on SEC to Establish Safe Harbor for Blockchain Apps
The DeFi Education Fund and venture capital giant Andreessen Horowitz (a16z) are urging the U.S. Securities and Exchange Commission (SEC) to create a regulatory safe harbor for certain blockchain applications — a move they say would provide much-needed clarity for developers and preserve the SEC’s authority over high-risk activities.
Proposal for a Safe Harbor
In a letter to SEC Commissioner Hester Peirce, the groups proposed a framework that would exempt qualifying blockchain apps from the agency’s broker-dealer rules.
To qualify, an app must:
Be non-custodial (not hold user assets)
Avoid making recommendations or exercising discretion over user activity
Be built on decentralized underlying protocols
These conditions, they argue, reflect the reality that most blockchain applications are passive software tools enabling users to interact directly with public, decentralized networks — not intermediaries acting like traditional brokers.
Regulatory Shift Under Trump Administration
The proposal comes amid a noticeable regulatory pivot under the Trump administration:
Creation of a crypto task force to establish a more “sensible” regulatory path
Termination of investigations into several crypto firms
Launch of Project Crypto to modernize SEC rules for digital assets
Previously, the SEC had hinted that certain apps — including Coinbase Wallet, Uniswap Labs, and OpenSea — might need to register as brokers. Enforcement actions and investigations into these platforms were ultimately dropped, including a court dismissal of broker allegations against Coinbase Wallet.
Flexibility for Developers
Amanda Tuminelli, Executive Director of the DeFi Education Fund, emphasized that the safe harbor is designed to be adaptable:
“Developers deserve clarity. Our hope is to provide guidelines that allow front-end developers to build without fear of being subjected to outdated requirements misaligned with modern technology.”
Why It Matters
Supporters argue that without a safe harbor, U.S. blockchain innovation risks being stifled by uncertainty and misapplied regulatory frameworks — potentially pushing development overseas.
@ Newshounds News™
Source: The Block
~~~~~~~~~
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“Tidbits From TNT” Wednesday Morning 8-13-2025
TNT:
Tishwash: Iraqi Embassy in Washington: Iraq is not subordinate to any country's policy.
The Iraqi embassy in Washington confirmed on Wednesday that Iraq is not subordinate to any country's policies.
The embassy said in a statement received by ( IQ ): "In response to the statements made by the US State Department spokesperson during her recent press conference, we affirm that Iraq is a fully sovereign state and has the right to conclude agreements and memoranda of understanding in accordance with the provisions of its constitution and national laws, and in a manner consistent with its supreme interests."
TNT:
Tishwash: Iraqi Embassy in Washington: Iraq is not subordinate to any country's policy.
The Iraqi embassy in Washington confirmed on Wednesday that Iraq is not subordinate to any country's policies.
The embassy said in a statement received by ( IQ ): "In response to the statements made by the US State Department spokesperson during her recent press conference, we affirm that Iraq is a fully sovereign state and has the right to conclude agreements and memoranda of understanding in accordance with the provisions of its constitution and national laws, and in a manner consistent with its supreme interests."
He added, "Iraq enjoys friendly and cooperative relations with a large number of countries around the world, including its geographical neighbors, the United States of America, and other friendly countries, and is keen to build these relations on the foundations of mutual respect and common interests," stressing that "Iraq is not subservient to the policies of any country."
She pointed out that "Iraq's decisions stem from its independent national will. In this context, the security agreement recently signed with Iran comes within the framework of bilateral cooperation to maintain security and control the common border, in a way that achieves the stability and security of the two countries and serves the security of the region as a whole link
Tishwash: The Central Bank of Iraq discusses the banking reform plan with Oliver Wyman.
On Tuesday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, discussed with the international company Oliver Wyman the details of the banking reform plan submitted by the Iraqi Private Banks Association, as part of efforts to develop the banking sector and align it with international standards.
The Central Bank stated in a statement received by Shafaq News Agency that Al-Alaq and the relevant team held a meeting with Oliver Wyman to discuss what was stated in the letter of the Iraqi Private Banks Association regarding the banking reform plan.
Al-Alaq confirmed in the statement that the Central Bank had completed an extensive discussion, during which attendees expressed an understanding of the points contained in the letter and ways to flexibly adapt some of the plan's provisions to facilitate implementation. The company has begun studying available avenues to present the best proposals and ideas in this regard as soon as possible.
The statement continued, "This is confirmed by what the bank announced during the months-long plan preparation period, which stated that the goal of the plan is to achieve a real project to build and stabilize the banking sector to operate safely and effectively in accordance with international practices and standards and local laws, in order to enhance governance, compliance, and risk management, to transition banks to an economic role that enhances the development process and provides services with the highest levels of efficiency and effectiveness, using the best practices and modern technologies."
The bank emphasized that the plan would "enhance local and international confidence in the Iraqi banking sector, particularly since implementing the plan and adhering to its provisions will lead to the restoration of relationships between all banks that meet the plan's requirements and internationally accredited correspondent banks, particularly those that do not currently have international banking relationships." link
************
Tishwash: The Ministry of Finance postpones the submission of the 2025 budget schedules, and first-half revenues exceed 60 trillion dinars.
Financial and economic affairs expert Haider Al-Sheikh revealed today, Tuesday (August 12, 2025), that the Ministry of Finance informed the General Secretariat of the Council of Ministers of postponing the submission of the federal budget tables for the year 2025.
In an interview with Baghdad Today, Al-Sheikh said, "The Ministry of Finance has officially informed the General Secretariat of the Council of Ministers that it will postpone sending the schedules for the draft federal budget law for 2025 until the relevant authorities complete the audit of the allocations."
He explained that "the Prime Minister's directive to the Ministry of Finance to release bonuses, promotions, and service calculations for state employees, as well as the Ministry of Finance's letter to the General Secretariat of the Council of Ministers, confirm that there are no budget schedules for this year."
He added, "Oil and non-oil revenues generated from January to July 2025 amounted to more than 60 trillion dinars, an amount sufficient to pay employee salaries as planned in last year's operating budget."
He stressed that "oil and non-oil revenues are expected to reach more than 130 trillion dinars by the end of this year, sufficient to pay the salaries of employees and retirees, the social safety net, in addition to food ration card and energy bills, and operating expenses."
The federal budget preparation process in Iraq faces recurring challenges, most notably the volatility of global oil prices, political pressures over allocations, and technical issues in auditing government spending. Delays in submitting budgets to the Council of Ministers and then Parliament often lead to the disruption of investment projects and the postponement of development plans. Meanwhile, the government continues to rely on operating expenses to cover salaries and basic expenses, a pattern that occurred in previous years when budgets were approved in the second half or even at the end of the year. link
Mot: Yeppers!! -- Every Time!!!
Mot: ""Mots"" Tip on Keeping Ur Relationship Fresh They Say!!!!
FRANK26….8-12-25…..M.R. WYMAN
KTFA
Tuesday Night Video
FRANK26….8-12-25…..M.R. WYMAN
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
Tuesday Night Video
FRANK26….8-12-25…..M.R. WYMAN
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
Iraq Economic News and Points To Ponder Tuesday Afternoon 8-12-25
Central Bank: 80% Of Currency Stored In Homes, 10 Banks Liquidated
Time: 2025/08/12 12:50:23 Read: 1,170 times {Economic: Al Furat News} The Governor of the Central Bank of Iraq, Ali Al-Alaq, stressed that the Banking Reform Document (2025) represents a strategic step to enhance confidence in the Iraqi banking system and address shortcomings. Al-Alaq pointed out in a press statement that "about (80%) of the Iraqi currency is stored outside banks in homes due to the lack of confidence in the banking system."
Central Bank: 80% Of Currency Stored In Homes, 10 Banks Liquidated
Time: 2025/08/12 12:50:23 Read: 1,170 times {Economic: Al Furat News} The Governor of the Central Bank of Iraq, Ali Al-Alaq, stressed that the Banking Reform Document (2025) represents a strategic step to enhance confidence in the Iraqi banking system and address shortcomings. Al-Alaq pointed out in a press statement that "about (80%) of the Iraqi currency is stored outside banks in homes due to the lack of confidence in the banking system."
Al-Alaq explained that "the reform document aims to modernize banks according to international standards and attract global partnerships."
He revealed that only (10%) of the banks expressed reservations about the plan, while there are (10) banks under liquidation due to their inability to return customer deposits. LINK
High Exchange Rate In Baghdad
Economy | 12/08/2025 Mawazine News - Baghdad - Exchange rates against the Iraqi dinar witnessed a significant increase on Tuesday in local markets in Baghdad. The prices were as follows:
- Selling: 141,500 Iraqi dinars for every $100. - Buying: 139,500 Iraqi dinars for every $100.
https://www.mawazin.net/Details.aspx?jimare=264941
Al-Alaq: The Reform Plan Aims To Stabilize The Iraqi Banking Sector And Enhance Local And International Confidence In It
Tuesday, August 12, 2025 | Economic Number of reads: 191 Baghdad / NINA / The Governor of the Central Bank, Ali Al-Alaq, stressed: "The banking reform plan aims to stabilize the Iraqi banking sector and enhance local and international confidence in it.
A statement by the Central Bank's media office said: "Al-Alaq and the specialized team held a meeting with Oliver Wyman to discuss what was stated in the letter of the Iraqi Private Banks Association regarding the banking reform plan."
Al-Alaq confirmed, according to the statement: "The Central Bank completed an extensive discussion in which the attendees expressed their understanding of the axes mentioned in the letter and ways to adapt some provisions of the plan flexibly to facilitate implementation steps.
The company began studying the available means to present the best proposals and ideas in this regard as soon as possible."
He pointed out: "The goal of what was stated in the plan is to reach a real project in building and stabilizing the banking sector to operate safely and effectively in accordance with international practices and standards and local laws, in order to enhance governance, compliance, and risk management, to transition banks to an economic role that enhances the development process and provides services with the highest degrees of efficiency and effectiveness and the use of best practices and modern technologies."
He stressed: "The plan will enhance local and international confidence in the Iraqi banking sector, especially since implementing the plan and adhering to its provisions will lead to restoring the relationships of all banks that meet the plan's requirements with internationally accredited correspondent banks, especially banks that do not currently have international banking relationships." https://ninanews.com/Website/News/Details?Key=1246080
The Central Bank Unveils A Comprehensive Plan For Banking Reform
Economy | 12/08/2025 Mawazine News - Baghdad - The Governor of the Central Bank, Ali Al-Allaq, announced a comprehensive plan for banking reform on Tuesday.
A statement issued by the bank stated that "the Governor of the Central Bank of Iraq, Ali Mohsen Al-Allaq, and the specialized team held a meeting with Oliver Wyman to discuss what was stated in the letter of the Iraqi Private Banks Association regarding the banking reform plan."
The statement added that Al-Allaq confirmed that "the Central Bank completed an extensive discussion in which the attendees expressed understanding of the axes mentioned in the letter and ways to adapt some provisions of the plan flexibly to facilitate implementation steps. The company has begun studying available means to present the best proposals and ideas in this regard as soon as possible."
The statement stressed that "the Central Bank, as announced during the months-long plan preparation period, the goal of what was stated in the plan is to achieve a real project to build and stabilize the banking sector to operate safely and effectively in accordance with international practices and standards and local laws, in order to enhance governance, compliance, and risk management, to transition banks to an economic role that enhances the development process and provides services with the highest levels of efficiency and effectiveness, using the best practices and modern technologies."
He continued, "The Central Bank affirms that the plan will enhance local and international confidence in the Iraqi banking sector, especially since implementing the plan and adhering to its provisions will lead to restoring the relationships of all banks that meet the plan's requirements with internationally accredited correspondent banks, especially banks that do not currently have international banking relationships."
According to the statement, the Central Bank thanked all banks for their interaction with the plan and their fruitful cooperation with the Central Bank to achieve common goals serving the public interest, stressing that "the success of the plan depends on the cooperation of all concerned parties."
He pointed out that "the bank has succeeded in many aspects during the past period and hopes to succeed in moving forward with this plan and completing it to the fullest extent." https://www.mawazin.net/Details.aspx?jimare=264969
Gold Prices In Local Markets
Tuesday, August 12, 2025 | Economic Number of reads: 173 Baghdad / NINA / Gold prices in the local markets in Iraq recorded a remarkable stability today, Tuesday, coinciding with the global gold ounce recording $3,354. The following are the selling prices of mithqals in the local market:
21-carat mithqal: 662 thousand dinars.
18-carat mithqal: 567 thousand dinars.
22-carat mithqal: 693 thousand dinars.
24-carat mithqal: 756 thousand dinars. / https://ninanews.com/Website/News/Details?key=1246021
Basra Heavy and Medium Crude Oil Declines by About 2%
Economy | 12/08/2025 Mawazine News - Baghdad - Basra Heavy and Medium crude oil prices fell in trading on Tuesday. Prices were as follows:
- Basra Heavy crude prices fell 87 cents, or 1.33%, to $64.73.
- Basra Medium crude prices fell 87 cents, or 1.26%, to $67.98. https://www.mawazin.net/Details.aspx?jimare=264936
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com
3 Tools the Wealthiest Americans Use To Safeguard Their Generational Wealth
3 Tools the Wealthiest Americans Use To Safeguard Their Generational Wealth
Laura Bogart Tue, August 12, 2025 GOBankingRates
When you imagine the wealthiest people you know — whether in real life or on the covers of magazines — you know that hard work or good luck (or a combination of both) likely played a role in building their fortunes. But keeping that wealth intact for decades — and ensuring it benefits future generations — takes deliberate planning and the right financial tools.
And because you’re putting nose to the grindstone to grow and protect your own wealth, you know that building a legacy of financial security also involves a lot of effort. Still, you might not be sure exactly how the wealthy safeguard what they have worked so hard to build.
3 Tools the Wealthiest Americans Use To Safeguard Their Generational Wealth
Laura Bogart Tue, August 12, 2025 GOBankingRates
When you imagine the wealthiest people you know — whether in real life or on the covers of magazines — you know that hard work or good luck (or a combination of both) likely played a role in building their fortunes. But keeping that wealth intact for decades — and ensuring it benefits future generations — takes deliberate planning and the right financial tools.
And because you’re putting nose to the grindstone to grow and protect your own wealth, you know that building a legacy of financial security also involves a lot of effort. Still, you might not be sure exactly how the wealthy safeguard what they have worked so hard to build.
To preserve what they have built and ensure it is available for future generations, high-net-worth individuals turn to a variety of tools, products and strategies — many of which could also help everyday people like you grow and protect your own wealth.
As you see what the experts GOBankingRates spoke with shared, you will realize that the resources you need to reach these goals aren’t so challenging to find.
Diversification
For Lukendric A. Washington, JD, LLM, CFP, RICP, CEO of Manifest Wealth Management, the question of how wealthy people safeguard their wealth has one very clear answer — diversification. He wants clients to make sure their wealth isn’t bottled up in one kind of asset, because if that asset performs poorly, well, the bottle can break, and with it, their nest egg.
“In their investment portfolios they likely have a mixture of several, if not all, asset classes,” he said. “Beyond the typical investment options, there are private equity options, which can be riskier and less liquid, but can also reduce the risk that one event or one bad investment will destroy their entire portfolio.”
The wealthy and wise spread their assets across different categories to mitigate the risks that can come with having too much exposure to a single investment. Smart diversification can happen across industries (for example, having a portfolio with investments in different sectors) or by including alternative investments such as precious metals, real estate or even fine art.
Life Insurance
TO READ MORE: https://www.yahoo.com/finance/news/3-tools-wealthiest-americans-safeguard-141809253.html
The Final Reset is Here! Gold & Silver Prices Will Soar DRAMATICALLY Soon - Chris Vermeulen
The Final Reset is Here! Gold & Silver Prices Will Soar DRAMATICALLY Soon - Chris Vermeulen
Money Sense: 8-12-2025
Chris Vermeulen views the current gold setup as resembling 2007. Back then, stocks reached a marginal new high, while gold quietly began to outperform.
When equities rolled over, gold surged—first clearing a 20% target, then stretching to a 37% rally before cooling off. Over the past two decades, gold has returned 616% compared to the S&P 500’s 421%.
That’s not a minor gap—it suggests a more profound shift in market leadership. Today, Vermeulen sees a bull flag pattern forming in gold, with an initial target of $3,700 and a secondary target of $4,100.
The Final Reset is Here! Gold & Silver Prices Will Soar DRAMATICALLY Soon - Chris Vermeulen
Money Sense: 8-12-2025
Chris Vermeulen views the current gold setup as resembling 2007. Back then, stocks reached a marginal new high, while gold quietly began to outperform.
When equities rolled over, gold surged—first clearing a 20% target, then stretching to a 37% rally before cooling off. Over the past two decades, gold has returned 616% compared to the S&P 500’s 421%.
That’s not a minor gap—it suggests a more profound shift in market leadership. Today, Vermeulen sees a bull flag pattern forming in gold, with an initial target of $3,700 and a secondary target of $4,100.
And unlike the five-month run in 2007, he thinks this move could play out in just two to three months. Once it breaks, he expects momentum to feed on itself—emotional buying, crowded trades, and acceleration.
In the short term, gold has taken a hit. It’s posted its sharpest drop in three months as traders dial back bets on a bullion import tariff and optimism over a potential Ukraine–Russia ceasefire trims safe-haven demand.
That followed a brief rally on Friday, which fizzled when the Trump administration left its tariff stance unclear. Vermeulen notes that the “smart money” often moves into miners first. Gold producers are inherently leveraged—a 1% rise in gold can boost profits by 5–8%, and individual mining stocks can swing 20–30% in a single day.
The current market is proving the point. GDX just recorded its best quarter ever, fueled by record gold prices in Q2 2025. In the last three sessions alone, gold stocks rose 4.7%, 2.8%, and 1.6%, while gold itself barely budged.
That’s 33.7x upside leverage—precisely the kind of outperformance that has historically signaled the early stages of a significant gold run. Silver’s rally just hit a pause, but the broader trend still looks bullish.
Chris Vermeulen notes that silver’s price action is far noisier than gold’s. It’s prone to sharp swings — 10% or even 20% pullbacks are normal — so the only way to catch the real move is to take a position and sit through the turbulence.
This week, silver ran into selling pressure near $38.10, snapping a six-day winning streak during Asian trading on Monday. The metal opened last week at $36.96 and closed at $38.26, up nearly 3% and holding close to its highest levels in 13 years.
The larger trend, Vermeulen says, is still intact: higher highs and higher lows. If gold breaks out, silver will likely follow. The next technical target is around $40.80. Even so, gold’s chart is cleaner, with more upside potential — roughly 18% versus silver’s 6%, unless silver overshoots its current range.
That makes gold the higher-probability trade for now. Silver slightly outperformed gold last week — gold was up about 1% — but gold stole the spotlight after spiking to $3,534 per ounce on news that the United States planned to impose tariffs on imported gold bars, shaking up the market.
Gold Revaluation Is The Only Option | Andy Schectman
Gold Revaluation Is The Only Option | Andy Schectman
Liberty and Finance: 8-11-2025
Andy Schectman explains that gold revaluation is no longer a fringe theory. He points out that central banks around the world, pressured by unsustainable debt levels, begin to seriously consider revaluing their gold reserves as a monetary strategy.
Analysts like Michael Hartnett and Francisco Blanche from Bank of America support this view, describing gold as a rising key asset rather than a “barbarous relic.”
Schectman argues that revaluing gold could serve as a soft default on the dollar and help the U.S. fund government spending without issuing more debt.
Gold Revaluation Is The Only Option | Andy Schectman
Liberty and Finance: 8-11-2025
Andy Schectman explains that gold revaluation is no longer a fringe theory. He points out that central banks around the world, pressured by unsustainable debt levels, begin to seriously consider revaluing their gold reserves as a monetary strategy.
Analysts like Michael Hartnett and Francisco Blanche from Bank of America support this view, describing gold as a rising key asset rather than a “barbarous relic.”
Schectman argues that revaluing gold could serve as a soft default on the dollar and help the U.S. fund government spending without issuing more debt.
The Debt Problem Was Actually Scarier In The 90’s Here’s How They Solved It Podcast
The Debt Problem Was Actually Scarier In The 90s. Here’s How They Solved It. Podcast
Notes From the Field By James Hickman (Simon Black ) August 12, 2025
I was still just a kid as the US headed into the 1992 US Presidential election, but I remember the excitement around my home town as Ross Perot entered the race as an independent candidate.
Perot was from Dallas, where I grew up. And he was one of the first tech billionaires, long before the dot-com boom. Like Elon today, Perot knew that America was heading down a dangerous fiscal path. At the time, the US government was spending about 28% of its annual tax revenue just to pay interest on the national debt.
The Debt Problem Was Actually Scarier In The 90s. Here’s How They Solved It. Podcast
Notes From the Field By James Hickman (Simon Black ) August 12, 2025
I was still just a kid as the US headed into the 1992 US Presidential election, but I remember the excitement around my home town as Ross Perot entered the race as an independent candidate.
Perot was from Dallas, where I grew up. And he was one of the first tech billionaires, long before the dot-com boom. Like Elon today, Perot knew that America was heading down a dangerous fiscal path. At the time, the US government was spending about 28% of its annual tax revenue just to pay interest on the national debt.
It wasn't because the debt was so vast. Actually back then it was just a fraction of today's debt.
The real problem was that sky-high interest rates from the 1980s (15%+) had pushed the government's borrowing costs and annual interest bill to the moon.
So Ross Perot decided to run for President under a promise to fix the deficit.
Few people understood anything about the deficit back then. So Perot used his vast fortune to buy TV time where he would explain the problem in hour-long presentations. I remember learning things from him that I'd never even heard about before-- Treasury markets, bond yields, government accounting, mandatory spending, and more.
Perot single-handedly dragged America's deficit issue to the front page and started a national conversation; so even though Bill Clinton ultimately won the election, Perot succeeded in making deficit reduction a top priority.
It was interesting times politically. Clinton was rocked by scandals, impeached, and deeply hated by the other party... quite similar to the situation today. They didn't have social media back then, but 'talk radio' pundits raged 24/7 with the same ferocity of today's Twitter mob.
Yet even with such conflict and division, Congress and the White House managed to work it out. And over the next decade, interest costs fell from 28% of tax revenue down to 18%. And by the end of the 1990s the government was posting strong budget surpluses.
How did they do it? It wasn't rocket science or black magic. They simply took a common sense approach to spending-- they held spending increases to minimal levels, all while tax revenue soared thanks to a tech-fueled economic bonanza.
Over the ten-year period between 1991 and 2000, government expenditures only rose by 35%. Adjusted for inflation that's just 5.5% over the entire decade.
Meanwhile tax revenue nearly doubled over the same period. Poof. Problem solved. And America stormed into the 21st century with a record budget surplus, and its interest costs and national debt under control.
Could this happen today? Maybe. There are a lot of similarities. The US government currently pays roughly 22% of tax revenue just to cover the annual interest bill on the national debt, and this amount is growing rapidly. Not to mention, interest costs plus mandatory entitlements (like Social Security and Medicare) already consume 100% of tax revenue.
If they don't solve this problem, America is going to be looking at a major fiscal crisis in the coming years.
Unfortunately few people in power seem to be taking this seriously. The White House is far more focused on tariffs and trade rather than the obvious problem-- excessive spending. And when it comes to deficit reduction, their approach is to seize control of the Fed to push through interest rate cuts.
Congress, meanwhile, seems completely oblivious to the problem.
One of my major concerns is that American voters tend to oscillate from one side to another. So if the guys in power now don't solve this problem now, voters could swing hard to the Left in 2028, quite possibly to a card-carrying socialist.
There are certainly a lot of socialists emerging in American politics. And they all see deficits as a "revenue problem" and believe that higher taxes will fix every challenge.
Well, we did the math in today's podcast: "taxing the rich" won't make a dent in the deficit problem. Neither will wealth taxes, or any of the other idiotic proposals that socialists come up with.
The only way to fix this is to cut spending... and to spend the money much more responsibly.
Fingers crossed that they see the light. And soon. But I wouldn't hold my breath just yet on major fiscal reform... which is why it's so critical to have a Plan B.
Listen in to today's podcast, in which we cover:
The 70% tax rate fantasy – Even taxing every dollar over $10 million at 70% doesn’t cover a single year’s interest on the debt.
Why huge new taxes barely move the needle – A wealth tax might grab $200–250B upfront, then $60–100B/year. Yet the debt is growing by trillions annually.
Behavior matters – People restructure income, delay gains, and move capital. The socialists' 'wealth tax' projections will never match reality.
Their entire philosophy is to treat the private sector like an ATM while refusing to cut a cent of waste.
The problem with the socialists who want to "seize the means of production" is that they've never produced anything!
The spending problem – The top 2% already paid ~$1 trillion in taxes in 2021 (28% effective rate on $3.5T income).
Since July 4th, the US has added nearly $800 billion to the debt— about $500B of it brand-new spending.
The real “third side” of the coin – It’s not just a revenue problem or a spending problem—it’s decades of baked-in waste, fraud, and mismanagement in federal budgets.
Zero-base budgeting: A common-sense approach where agencies start at zero and justify every dollar… something almost no one in Washington is willing to consider.
Bond market reality check – The Fed can nudge short-term rates, but long-term rates are set by the bond market—
This means that political control of the Fed may not deliver the rate cuts they expect.
Socialist footholds in major cities – from NYC to Chicago to Seattle, socialists are winning local races and pushing radical tax-and-spend agendas.
The bottom line:
Confiscating more from the productive economy doesn’t fix the problem; it fuels it. The only real solution starts with cutting waste and ending the government’s addiction to spending.
Until that happens, individuals need their own Plan B—whether it’s hedging against inflation with real assets, diversifying internationally, or building networks with like-minded people who see what’s coming.
That’s exactly why we built our Total Access community. Over the years, it’s become more than just an exclusive group—it’s sparked friendships, partnerships, and a global network of people who are prepared, connected, and two steps ahead. After 15+ years in this business, it’s the thing I’m most proud of.
Listen to the full breakdown here.
For the audio-only version, check out our online post here.
Finally, you can find the podcast transcript for your convenience, here.
To your freedom James Hickman Co-Founder, Schiff Sovereign LLC
Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 8-12-25
Good Afternoon Dinar Recaps,
91% of Investors Say US Stock Market is Overvalued, According to New Bank of America Survey
A record-high 91% of fund managers now believe the U.S. stock market is overvalued, according to the latest Bank of America (BofA) survey reported by Bloomberg. This marks the highest level of market overvaluation sentiment since 2001.
Good Afternoon Dinar Recaps,
91% of Investors Say US Stock Market is Overvalued, According to New Bank of America Survey
A record-high 91% of fund managers now believe the U.S. stock market is overvalued, according to the latest Bank of America (BofA) survey reported by Bloomberg. This marks the highest level of market overvaluation sentiment since 2001.
Key Findings from the Survey:
Record pessimism on U.S. equities: 91% of respondents think U.S. stocks are overpriced.
Shift toward foreign markets: Investor allocations to overseas markets have reached their highest levels since February, signaling a sentiment shift away from U.S. equities.
Bubble risk warning: BofA strategist Michael Hartnett cautions that the recent rally could turn into a bubble, as cash levels have fallen to 3.9% of total assets — a historical signal of an impending sell-off.
Emerging market optimism: A net 49% see emerging market (EM) stocks as undervalued, the highest level of EM optimism since February 2024.
Most Crowded Trades Identified:
Long positions in the Magnificent 7 tech stocks
Short the U.S. dollar
Long gold
Top Tail Risks Cited by Investors:
Trade war–induced recession
Persistent inflation preventing Federal Reserve rate cuts
Disorderly rise in bond yields
AI-driven equity bubble
U.S. dollar debasement
@ Newshounds News™
Source: The Daily Hodl
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Death of the US Dollar Has Begun With BRICS Rebellion, Says Forecaster
American trend forecaster Gerald Celente warns that the BRICS alliance is poised to put the US dollar “on its death bed,” as member nations grow increasingly self-sufficient and independent from USD reliance.
In a podcast interview with journalist Rick Sanchez, Celente highlighted that China and India now possess robust economies capable of thriving without the dollar.
China dominates global manufacturing, supplying the US and Western nations with essential goods.
Russia, despite sanctions, is expected to see GDP growth of 1.4% in FY 2024–25.
India is increasingly self-sustained through domestic manufacturing and job creation, with only 2% of its GDP tied to trade with the United States.
Celente emphasized that recent US tariffs on India, imposed by President Donald Trump, are unlikely to significantly impact India’s economy. “They’re becoming more self-sustaining and self-sufficient. They’re buying and making their own products, and the people are buying them there. That’s what used to be in America,” he said.
A Growing Economic Force
BRICS is now positioned as a collective financial powerhouse capable of shifting global market trends and policy directions. Should the bloc stop using the US dollar in trade, the resulting deficit could further weaken the currency.
“The world has had enough of the United States’ hegemony. The world is becoming fed up,” Celente stated, noting that China, once lacking heavy industry and high-tech capabilities, is now a leader in both — including the production of electric vehicles.
Celente concludes that this self-sufficiency is accelerating the dollar’s decline and solidifying BRICS’ role in the next phase of global economic realignment.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
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Dr. Scott Young: Confusion on What the Gold Back Standard means to the US Dollar
Dr. Scott Young: Confusion on What the Gold Back Standard means to the US Dollar
8-11-2025
The idea of a gold-backed dollar isn’t just a historical footnote; it’s a recurring topic of debate, particularly in times of economic uncertainty and inflation.
Proponents argue it’s a path to stability and fiscal discipline, while critics warn of its inflexibility in modern economies. But what exactly would a return to a gold standard entail, and how would it impact your money?
Let’s break down some of the most pressing questions surrounding a gold-backed dollar.
Dr. Scott Young: Confusion on What the Gold Back Standard means to the US Dollar
8-11-2025
The idea of a gold-backed dollar isn’t just a historical footnote; it’s a recurring topic of debate, particularly in times of economic uncertainty and inflation.
Proponents argue it’s a path to stability and fiscal discipline, while critics warn of its inflexibility in modern economies. But what exactly would a return to a gold standard entail, and how would it impact your money?
Let’s break down some of the most pressing questions surrounding a gold-backed dollar.
Currently, the U.S. dollar operates as a fiat currency. Its value is not tied to a physical commodity but is instead based on the trust and confidence in the government that issues it.
A gold-backed dollar, on the other hand, would mean that every dollar in circulation is redeemable for a fixed amount of gold. The government would hold a reserve of gold equal to the value of the currency it issues, theoretically preventing it from printing money without a tangible asset to back it.
No, you would not “lose” your money in the sense of it being confiscated or disappearing. If the U.S. were to return to a gold standard, existing dollars would likely be revalued or converted to reflect the new gold peg.
The intent behind such a move is to stabilize the currency and its purchasing power over time, not to devalue current holdings arbitrarily. However, a significant economic transition could lead to short-term market volatility or shifts in asset values.
A gold standard wouldn’t “replace” the dollar itself, but rather redefine its value and the rules governing its issuance. The dollar would still be the unit of currency, but its value would be fixed to a specific weight of gold (e.g., $X per ounce of gold). This link would impose a strict discipline on the money supply; the government could only print more dollars if it acquired more gold reserves. This fundamentally shifts the basis of the currency from government decree to a tangible commodity.
The concept of a gold standard has garnered attention from various political figures, including President Donald Trump. While he has not explicitly endorsed a full return to a classical gold standard, members of his past administration and advisors have publicly discussed its merits and the potential for integrating elements of hard asset backing into the monetary system.
This indicates an awareness and discussion of the topic within high-level political circles.
Under a classical gold standard, the Federal Reserve’s role would be drastically curtailed. The Fed’s primary function currently is to manage the nation’s money supply and influence interest rates to achieve economic stability, full employment, and moderate inflation.
With a gold standard, monetary policy would become largely automatic and non-discretionary. The supply of money would be determined by the amount of gold reserves, effectively removing the Fed’s ability to engage in quantitative easing, set interest rates freely, or stimulate the economy by printing money. Proponents see this limitation as a “fix” that prevents inflation and government overspending.
A decrease in the value or purchasing power of the dollar is, by definition, inflation. When the dollar buys less goods and services, prices for those goods and services rise. This is the core mechanism of inflation – too much money (or money that has lost value) chasing too few goods.
Historically, and under a classical gold standard, the U.S. Treasury (representing the executive branch of the government) would likely be the primary custodian of the gold reserves and responsible for issuing the currency.
The Federal Reserve’s role would be significantly diminished, potentially becoming more of a regulatory body ensuring the fixed gold-dollar exchange rate is maintained, rather than an independent central bank setting monetary policy. This would represent a considerable shift of power from the Fed back to the elected government.
A return to a gold-backed dollar is a complex proposition with profound implications for the economy, government, and individual finances. It promises stability and limits on government spending, but at the cost of monetary policy flexibility needed to navigate economic downturns.
For a deeper dive into these intricate details and further insights, watch the full video from Dr. Scott Young for further insights and information.