This Looks Like A Divorce. And It’s Going To Be A Messy One

This Looks Like A Divorce. And It’s Going To Be A Messy One

Notes From the Field By James Hickman (Simon Black)  March 25, 2025

“I think we are making a mistake,” said the Vice President, in what the media is criticizing as an unclassified text message discussion.

The administration was discussing if, when, and how to strike against the Houthi rebel group in Yemen, which has been menacing commercial ships in the Red Sea since late 2023.

The media is focusing on the fact that someone had inadvertently (or perhaps intentionally) added a reporter from the Atlantic to the chat group. But once again the media has missed the point.

What matters far more is how JD Vance crystalized the current situation: that just “3 percent of US trade runs through the Suez [Canal, where the Houthis strike]. 40 percent of European trade does...”

In other words, this Houthi situation is far more important to Europe than to the US... so Europe should take the lead, step up, and do something about it rather than wait for America to once again ride to the rescue.

“I just hate bailing Europe out again,” Vance says, with other administration officials in agreement about “European free-loading”.

This is a telling exchange which reflects the mood right now. The Trump team believes that the US unfairly has to shoulder the security burden for Europe. And, frankly, their position is totally valid.

But to play devil’s advocate, the Europeans would say, “Well, that’s the price you pay for the exorbitant privilege of having the world’s reserve currency.”

And that’s not a crazy assertion either. Just ask Liz Truss.

If you don’t remember Ms. Truss, she was British Prime Minister for all of 51 days; back in September 2022, her government announced its ‘mini-budget’ which proposed significant tax cuts combined with government subsidies for household energy expenses.

The result would have been higher budget deficits, which the government intended to finance by borrowing more money.

Unfortunately for Truss, her proposals were poorly received, and investors dumped their British government bonds.

Yields collapsed. The pound went into free-fall. And Ms. Truss-- the Prime Minister of one of the largest and most powerful economies in the world-- had to resign in disgrace… all because the bond market didn’t like her economic plan.

That’s what happens when you DON’T have the global reserve currency.

America, on the other hand, does have this special benefit; every foreign government and central bank on the planet has to own US dollars… which is why the US government gets away with the fiscal equivalent of murder.

America’s government runs multi-trillion-dollar deficits year after year, yet does nothing about it.

They borrowed trillions of dollars to pay people to stay home and NOT go to work. They have constant threats of government shutdowns and debt ceiling crises. They spend more money each year paying interest than they spend on national defense. And the extreme level of waste is simply appalling.

No other country in the world would get away with all of these shenanigans.

So, if we’re intellectually honest, Europe has a point. The rest of the world willingly ignores the US government’s dismal financial condition… and in exchange they expect Uncle Sam to take care of the Houthis.

In a way, both sides are right. Both sides have valid points. Yet each side also believes the other to be completely wrong and irrational. There doesn’t seem to be any room for compromise or mutual understanding.

In divorce court this is known as “irreconcilable differences”. And it’s getting messy.

The US and Europe have spent decades as the world’s ultimate ‘power couple’; they enjoyed a massive trade relationship, an iron-clad military alliance, top secret intelligence-sharing, industrial cooperation… you name it. Europe and the US have been in bed together for quite some time.

But this relationship is clearly fractured, and it’s declining at a rate not seen since World War II.

The US may still be hoping that Europe will eventually come around. And this seems to be the strategy: threaten them with tariffs until Europe’s weak leadership buckles and bends the knee.

But that doesn’t seem to be happening. Europe is finding its legs. And its backbone.

Friedrich Merz, for example, the presumptive German Chancellor, recently scored a major victory by amending his country’s Constitutional requirement to maintain a balanced budget.

He had to sell his soul and betray voters to get it done. But Merz stated (after the election, of course) that he was willing to do “whatever it takes” to Make Europe Great Again and fend off the threat of Russian invasion.

He’s now planning close to $1 trillion in government spending, almost all of it financed by more debt. It will include a massive defense buildup, plus a bonanza of the Green party’s climate initiatives.

For his part, French President Emmanuel Macron has also been planning “a new paradigm”, as he calls it.

In a recent speech, Macron spelled out Europe’s obvious problems. The border has been overrun, and their security is in shambles.

 “We have delegated everything that is strategic,” Macron complained. “our energy to Russia. Our security . . . to the United States. And equally critical perspectives [like rare earth minerals] to China.”

Even Europe’s food supplies are being imported from foreign nations, Macron laments. “Who would be foolish enough to outsource their food?”

“We must take them back. This is what strategic autonomy is all about,” he says. Bottom line, Europe is too dependent on foreign nations, including and especially the US.

He goes on to challenge Europe to fight against US “competition” and become a world leader in AI, quantum computing, space, biotechnology, and nuclear energy within five years… and to get there by deregulating and investing heavily in innovation.

Where will they get this investment capital? Well, he mused that “every year, our savings amounting to around 300 billion euros a year go to finance the Americans. . . This is absurd.” Macron believes that money should remain in Europe to fund R&D.

None of this sounds like Europe willing to accede to US demands… nor a Europe that will submit to the “Mar-a-Lago Accords” (which would, among other things, force Europe to hold 100-year US government bonds).

It looks very clearly like Europe is preparing to stand on its own… which, again, looks a lot like a divorce. And potentially quite a messy one. It’s also unfolding very rapidly, right in front of us.

Bottom line, if even Europe thinks it’s “absurd” to buy hundreds of billions of euros each year worth of US government bonds, I can only imagine what China must think.

And this leads me to believe that a new global financial system could be here sooner than anyone realizes.

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

PS   We’ve been predicting for years that a new global financial system will end up displacing the US dollar. And the implications are enormous. Gold, for starters, should continue to do extremely well-- despite the fact that it is at an all-time high. So should gold stocks. Many foreign stock markets (which are significantly undervalued relative to the US) should also perform very well.

https://www.schiffsovereign.com/trends/this-looks-like-a-divorce-and-its-going-to-be-a-messy-one-152372/?inf_contact_key=9224eb4317aea966d09652ffd63d614e7c981c2f99e1cf7586cea13df5aa4037

Iraq Economic News and Points to Ponder Thursday AM 3-27-25

Financial expert: Iraq's budget deficit is due to bond issuance
 
Economy     Iraq     breaking     Budget     disability     Financial bonds
2025-03-24 23:01  Shafaq News/ Financial expert and former director general of the Central Bank of Iraq, Mahmoud Dagher, attributed the country's budget deficit on Tuesday to the Iraqi Ministry of Finance issuing large bonds. Dagher told Shafaq News Agency,
 
"The budget deficit is behind the Ministry of Finance's efforts to issue bonds worth 3 trillion dinars to obtain cash liquidity to cover its expenses."

He added, "Given the difficulty of marketing bonds to the public, interest rates on bonds were raised and  they were marketed through banks this time,
 
given the latter's liquidity and preference for risk-free, profitable securities such as government bonds."
 
Dagher expects this move to attract banks, given that the interest rates offered are close to the returns generated from other activities.
 
The Iraqi Ministry of Finance is seeking to issue national bonds worth 3 trillion dinars (about $2.3 billion) allocated exclusively to local banks, 

according to a letter issued by the Central Bank to banks. She noted that
 
the bonds will be divided into two tranches: the
 
first,
     worth half a million dinars per bond,
     for a two-year term, with an
     8% annual interest rate, and the
 
second,
     worth one million dinars per bond,
     for a four-year term, with an
     annual interest rate of 10%.
 
The sale is scheduled to take place from March 20 to 29.    
  
https://www.shafaq.com/ar/اقتصـاد/خبير-مالي-العجز-بموازنة-العراق-بسبب-صدار-السندات    

Insurance and Credits
 
Economic 03/26/2025  Yasser Al-Mutawali  Article 45 of the current budget law stipulates that open documentary credits must be insured within Iraq. This procedure means that
 
when the state or individuals import from abroad,
the imports must be insured by companies in the country within Iraq.

This decision reflects the government's interest in activating and stimulating the insurance sector, given its
 
     significant role in maximizing financial resources, on the one hand, and
     in bearing risks in a balanced manner across economic sectors as a whole, by distributing them fairly.
 
Continuing our previous article titled "Insurance and Risk,"
 
it can be said that the Central Bank of Iraq has
 
     circulated this order to banks and
     called on them to implement it,
     indicating its support for this important decision.
 
However, it is noticeable that the
response from banks has been very weak, so
 
coordination between insurance companies and banks is required to ensure the full success of this decision.
 
The current government, in its efforts to support the insurance sector, is attempting to revitalize this vital and important financial sector.
 
These measures may be a response to what we raised here in Al Sabah newspaper, given the difficulties this essential sector is facing.It is clear here that
 
there is unfortunately a lack of insurance culture,
for which the insurance companies themselves and the economic media bear responsibility.
 
It is worth emphasizing here that , in

 this measure
     will contribute to maximizing the budget's financial resources addition to

     preserving the hard currency that goes to international insurance companies in the insurance process.
 
The benefit of the domestic insurance decision will therefore be to stimulate important economic sectors, such as insurance companies and banks, while providing many job opportunities in this field,
 
thus alleviating the widespread unemployment among young people.

Here, I believe that a partnership should be created between reputable Iraqi insurance companies and international companies, with the aim of benefiting from each other's expertise, 

similar to the partnership between our banks and correspondent banks, to ensure profitability from the outset.
 
We ask: What role does the Iraqi insurance company play in these changes?
 
It used to play a major role in insuring imports and exports and investing funds domestically and internationally.
 
In a related context, the government's support for this sector was not limited to requiring documentary credit insurance, but
 
this interest was also reflected in the new health insurance law, which encouraged insurance companies to issue insurance policies for expatriate and resident workers.
 
Thus, insurance companies will flourish again, but insurance companies are required to work on developing their workforce, given the expertise required by these insurance products, especially in the era of digital transformation.
 
This is a shared responsibility in cooperation and coordination between the Insurance Bureau and government insurance companies.  Both private and public.  
  
https://alsabaah.iq/112251-.html    

Iraqi oil refinery  energy  Economy News – Baghdad  The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Wednesday that Iraq's oil exports to the United States have increased by more than 110% over two years.

"Economic cooperation between Iraq and the United States extends to diverse investment, trade, and economic areas. Economic cooperation between Iraq and the United States has witnessed remarkable developments in recent years," Salih said in a statement reported by the official news agency and seen by Al-Eqtisad News.

He pointed out that "the volume of trade between the two countries has more than doubled over the past two years, as Iraq's oil exports to the United States increased by more than 110%, and Iraq's imports from the United States increased significantly over the past two years, with the value of that trade ranging between $9 and $10 billion."

He explained that "Iraq's imports were primarily in cars, transportation equipment, engineering, and electrical equipment, but the trade balance remained in Iraq's favor, with a difference of $5.7 billion, reflecting the continued superiority of Iraqi exports to the United States, especially in the crude oil sector."

He noted that "economic cooperation between Iraq and the United States is developing, with a focus on enhancing trade exchange and supporting joint investment activities, serving the economic interests of both countries."

Saleh stated that "financial and economic cooperation is part of a positive, shared dialogue between the two countries. Since the beginning of this year, many mutual understandings have been reached in the field of economic cooperation, which are consistent with supporting stability and economic reforms outlined in the government's program, particularly the development of an attractive investment cooperation environment for investors between the two friendly countries, within the framework of the country's general economic policy to achieve sustainable development goals."

https://economy-news.net/content.php?id=53840

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

Seeds of Wisdom RV and Economic Updates Thursday Morning 3-27-25

Good Morning Dinar Recaps,

PAUL ATKINS SEC CONFIRMATION HEARING BEGINS: IS THIS GOOD NEWS FOR CRYPTO?

▪️Former SEC Commissioner Paul Atkins, a Trump nominee, is expected to bring a more crypto-friendly regulatory approach.

▪️Atkins' confirmation faces scrutiny due to his past advisory roles, financial ties to crypto, and potential conflicts of interest.

▪️The crypto industry anticipates Atkins' potential leadership as a shift towards clearer regulations.

The crypto market finally has a leader at the SEC who supports digital assets. After years of strict regulations, uncertainty, and legal battles, there’s a chance for real change. Paul Atkins, a former SEC commissioner and Trump’s pick for SEC Chair, is expected to take a more crypto-friendly approach – if confirmed. Unlike his predecessor Gary Gensler, who cracked down hard on the industry, Atkins wants to introduce clear and predictable rules. He believes confusing regulations have slowed innovation and pushed businesses overseas.

His confirmation hearing today could set the stage for crypto’s next big chapter.

Senate Hearing Begins Today

Atkins will face the Senate Banking Committee today for his confirmation hearing, where he plans to push for a balanced regulatory framework. He has criticized the SEC’s past policies, arguing that complicated and politically driven rules have hurt businesses and investors. His goal is to create common-sense regulations that encourage growth while ensuring proper oversight.

Industry Support vs. Political Opposition

The crypto industry is optimistic about Atkins’ nomination, seeing it as a chance to move away from the SEC’s aggressive enforcement, which has driven innovation overseas.

But not everyone is on board. Senator Elizabeth Warren and other critics have raised concerns about his regulatory past. Warren has questioned his advisory role with FTX, his ties to major financial firms, and his decisions during the 2008 financial crisis. She recently sent him a 34-page letter demanding answers before his hearing.

Questions over Atkins’ crypto investments

Atkins’ financial records show he holds up to $5 million in a crypto investment fund and $1 million in equity across two crypto firms. His and his wife’s total assets exceed $328 million, mostly from his wife’s family wealth. These investments have raised concerns over potential conflicts of interest, which he is expected to address during the confirmation process.

What Happens Next?

Until Atkins is officially confirmed, Mark Uyeda will serve as interim SEC Chair following Gary Gensler’s resignation. The Senate will decide when to hold the final vote on Atkins. If he is approved, it could mean major changes in how the SEC regulates crypto.

While the crypto market welcomes a shift in policy, some worry that too much freedom could lead to illegal activities and fraud. Trump’s open support for meme coins like TRUMP, which remain unregulated, has added to concerns.

Over the last few months, some of Trump’s policies have backfired, and the crypto market is still recovering, far from its peak of $109K. Whether Atkins’ leadership will bring stability or new challenges remains to be seen.

Atkins might be the SEC’s new face, but in crypto, the real question is always the same – will the rules change the game or just the players?

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

US SENATE CLEARS RESOLUTION TO KILL IRS’S CONTROVERSIAL DEFI BROKER RULE

A rule to scrap a U.S. Internal Revenue Service rule targeting decentralized finance platforms has cleared the Senate, setting the stage for the president’s expected sign-off.

On March 26, the Senate voted 70-28 in favour of repealing the controversial DeFi broker rule, which sought to expand tax reporting requirements for businesses in the sector.

Earlier this month, the House of Representatives passed the resolution with bipartisan support, with Republican Representative Mike Carey, a vocal critic of the bill, calling it a “massive government overreach” that would compromise the privacy of American nationals and hinder growth in the industry.

Now, the resolution heads to President Donald Trump’s desk for final approval. David Sacks, the White House’s crypto and AI adviser, has previously confirmed the administration’s support, and Trump is expected to sign it into law.

The rules, initially proposed by the IRS and the United States Treasury Department in August and finalised in December 2024, would require DeFi platforms to report user transactions—specifically, gross proceeds from crypto sales—to the IRS, similar to traditional brokers.

This would include collecting and filing personal data of users involved in these transactions, which critics say goes against the nature of decentralisation and puts unnecessary pressure on platforms that often don’t have central operators.

Supporters of the repeal argued that the rule was unworkable in practice and could drive innovation out of the U.S.

The Blockchain Association, a digital asset advocacy group, along with the Texas Blockchain Council, sued the IRS last year.

Marisa Coppel, the association’s Head of Legal, criticized regulators in a joint statement last year, claiming that the IRS and Treasury had “gone beyond their statutory authority in expanding the definition of ‘broker.”

“Not only is this an infringement on the privacy rights of individuals using decentralized technology, it would push this entire, burgeoning technology offshore,” he added.

@ Newshounds News™
Source:  CryptoNews

~~~~~~~~~

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Iraq Economic News and Points to Ponder Wednesday Afternoon 3-26-25

Al-Nusairi: 2025 Indicators: A Strong Economy, A Recovering Dinar, And Developing Banks

Banks   Economy News – Baghdad   Economic and banking advisor Samir Al-Nusairi confirmed that his predictions, made in previous articles and statements, that our economic indicators in 2025 herald a strong and robust economy based on the availability of foreign currency reserves exceeding $108 billion and 163 tons of gold, sufficient to cover imports for 18 months.

Al-Nusairi said in an interview with Al-Eqtisad News that the local currency issued amounted to approximately 100 trillion dinars, and our dinar is recovering and gradually returning towards an exchange rate against the US dollar towards the equilibrium price targeted by the Central Bank.

Our banks are developing and proceeding at a steady pace in accordance with the Central Bank’s strategy for reform, development, digital transformation and compliance with international standards.

The number of Iraqi banks that have banking relations and accounts in solid international correspondent banks and deal with them directly in foreign transfers has reached approximately 20 banks and deal in multiple foreign currencies after leaving the electronic platform at the end of 2024.

He explained that the Central Bank is making great efforts to qualify, develop and assist other banks to join the twenty banks mentioned above, pointing out that it is closely monitoring the reality of monetary policy applications and the Central Bank’s procedures, closely monitoring international economic variables and their impact on the Iraqi economy and complying with international standards that allow Iraq to be regular in the global banking system and controlling the movement and safety of foreign currency trading.

The banks’ commitment to implementing the new foreign transfer instructions and addressing obstacles as soon as possible has refuted the extremist and pessimistic views that say the exchange rate crisis will continue and our situation will be like that of Lebanon, Iran, Syria and Turkey when the dollar devoured the local currencies of these countries.

He explained that through our precise knowledge of the Central Bank's monetary policy applications, its coverage of the entire demand for the US dollar in the trading market and through its various official outlets, and its control over the distribution of cash dollars according to a new method that the US Treasury praised and considered a globally advanced method for distributing the US dollar, and this is what I confirmed in my previous articles, that the dinar will recover and the crisis is temporary despite all the external and internal reasons.

At the end of his speech on the Central Bank, Al-Nusairi hoped that the next phase would be an evaluation and analysis phase of the achievements made in 2023 and 2024, and a re-evaluation of operating banks and licensed and unlicensed exchange offices, reclassifying them and developing their work in all fields in 2025.

He also hoped that stability would be maintained in the financial and monetary system and that important steps would be taken to stimulate and enable the banking sector to contribute to investment and development, as stated in paragraph 7 of axis twelve in the government program for reforming the financial and banking sector, because banking reform is the beginning of comprehensive economic reform.   https://economy-news.net/content.php?id=53806

The Ministry Of Planning Announces The Completion Of The 2025 Budget Schedules And Their Submission To The Council Of Ministers

Money and Business  Economy News – Baghdad  Minister of Planning Mohammed Tamim announced on Wednesday the completion of the 2025 budget tables and their submission to the Council of Ministers.

The office of the head of the parliamentary finance committee, Atwan Al-Atwani, stated in a statement seen by Al-Eqtisad News that "the committee, headed by Atwani, hosted Deputy Prime Minister and Minister of Planning Mohammed Tamim to discuss maximizing non-oil revenues."

Al-Atwani emphasized that "the Finance Committee noted a clear flaw in the estimation of non-oil revenues. By amending the law of the General Authority for Monitoring the Allocation of Federal Revenues, we seek to assess the extent of revenue from investment of state assets and other revenue streams, so that we can have a clear picture when formulating the country's financial policy."

He added, "The committee is determined to activate the work of this important constitutional body and grant it broader powers so it can assume its responsible national role."

He expressed his "concern over the halt in listing projects and the delay in financing ongoing projects," noting that "these reasons are a dangerous prelude that could lead us back to the problem of stalled projects."

The statement added, "The meeting reviewed a number of proposals and ideas agreed upon between the Finance Committee and the Minister of Planning regarding adding tasks and duties to the General Authority for Monitoring the Allocation of Federal Revenues and granting it expanded powers to review revenue estimates and plan for their collection."

He pointed out that "the meeting addressed the issues of the suspension of project listings, the delay in funding ongoing projects, the governorates' financial entitlements, and the delay in announcing the results of the population census."

For his part, the Minister of Planning said, "His ministry has completed its preparation of the 2025 budget schedules, and we have sent them to the Council of Ministers." He noted that they "do not include any new projects, but do include funding for ongoing projects."

The Minister of Planning added, "The results of the general population census are fully ready, and their delay depends on the arrival of some data related to the Kurdistan Region."

https://economy-news.net/content.php?id=53832

Data Confirms Iraq's Pivotal Role In The Global Oil Market

Buratha News Agency1412025-03-26  SOMO today explained the importance of Iraqi oil and its vital role in global markets, while indicating that Iraq has the fourth largest proven oil reserves in the world, at approximately 145 billion barrels. SOMO emphasized the advantages of Iraqi oil, explaining,

“Global crude oils are classified and their quality is determined based on their API (specific gravity) and sulfur content. Iraqi crude oil produced on this basis is classified into (medium and heavy crude oil) based on its specific gravity.

It has a high sulfur content for both types, according to the sulfur content standard. It is considered a crude oil with specifications (required globally), and is compatible with the operational plans of refineries that wish to produce specific products according to their needs.”

She explained that "among the advantages that help attract buyers are the significant and growing demand for medium and heavy crude oils, stable production, and the availability of large, stable quantities that ensure long-term supply contracts for these refineries.

The geographic location and low shipping costs make Iraqi oil a favorite in the Asian market, in addition to the fair, competitive price based on market fundamentals."

The company continued, "Iraq ranks fifth in the world in terms of oil production, with an output of approximately 4.27 million barrels per day, making it the second-largest producer in OPEC after Saudi Arabia. Iraq also has the fourth-largest proven oil reserves in the world, at approximately 145 billion barrels."

She pointed out that "this ranking reflects Iraq's vital role in global oil markets, as it contributes significantly to meeting global energy demand. Marketing-wise, Iraqi crude oil is considered an important oil with a good market reputation, as it is relied upon by many global refineries in their refining operations and there is relatively high demand for it."

 She added, "Iraqi crude oil is in global demand for refineries in several countries, as Iraqi crude oil is exported exclusively to companies that own refineries, but most of the companies to which Iraqi crude oil is exported are Asian companies, the most important of which are China and India, at a rate of approximately 70%, and approximately 30% for the other two markets, European and American combined."

She also pointed out that "OPEC and OPEC+ policies determine production levels, which are reflected in global prices, impacting the buying and selling of Iraqi crude oil. The greater the production restrictions, the higher the prices and the lower the quantities sold, and vice versa. These policies also impact the market share and financial returns."   https://burathanews.com/arabic/economic/458057

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

Seeds of Wisdom RV and Economic Updates Wednesday Evening 3-26-25

Good Evening Dinar Recaps,

RIPPLE-SEC LAWSUIT UPDATE: XRP SALES BAN MAY BE LIFTED SOON!

▪️Ripple withdrew its cross-appeal against the SEC, signaling the nearing end of their legal battle.

▪️The SEC may seek to lift the injunction that restricts Ripple's direct XRP sales to institutions.

▪️If the injunction is lifted, Ripple could resume institutional XRP sales, but must adhere to securities laws.

Ripple’s long-running legal battle with the U.S. Securities and Exchange Commission (SEC) is nearing its final stage. The company has withdrawn its cross-appeal, leading to speculation that the SEC might ask the court to lift the injunction preventing Ripple from selling XRP directly to institutional investors.

If this happens, could Ripple restart these sales? Experts share their views on what this means for Ripple, the SEC, and the broader crypto market.

Could Ripple vs. SEC End Soon?

After the SEC settled its lawsuit with Coinbase, many in the crypto space wonder if Ripple’s case could also be resolved soon.

Ripple CEO Brad Garlinghouse confirmed that the company has withdrawn its cross-appeal, signaling that the legal battle is entering its final phase.

The SEC-Ripple Legal Battle: The Background Explained

The SEC’s injunction has significantly restricted Ripple’s business, preventing direct sales of XRP to institutional investors.

The legal fight began in 2020 when the SEC accused Ripple of selling XRP without proper authorization. Last year, Judge Analisa Torres of the U.S. District Court for the Southern District of New York ruled that Ripple’s institutional sales were an unregistered securities offering. However, she clarified that XRP sales on public exchanges did not fall into the same category.

The SEC has not yet confirmed whether it will request the court to lift the injunction.

Experts Weigh In: Will Ripple Resume Institutional Sales?

Legal expert Fred Rispoli believes that if the court removes the injunction at the SEC’s request, Ripple could restart institutional sales. However, he emphasizes that the company must comply with securities laws.

He says: “Ripple’s institutional XRP sales still must conform to securities law but can now sell to say, hedge funds or private equity firms directly instead of to OTC desks first.”

XRP Community Reacts

While some XRP supporters see Ripple’s decision as a positive step, others remain uncertain about how it will affect XRP’s future.

Currently, XRP is trading at $2.47, reflecting a 6.6% increase over the past week and a 280.2% surge in the past year. At the start of this month, XRP was priced at $2.14602, meaning it has risen nearly 14.98% since then. However, it is still 18.73% below this month’s peak.

Ripple’s withdrawal of its cross-appeal is a key moment in its legal fight with the SEC. If the injunction is lifted, the company could resume institutional sales, but it must still comply with securities laws.

The XRP community remains divided – some are optimistic about XRP’s growth, while others remain cautious due to regulatory uncertainty. Ripple’s next moves and the SEC’s decision will play a crucial role in shaping XRP’s future.

Whatever happens, you can’t deny, this whole Ripple saga? It’s been a wild ride for everyone watching.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

WYOMING GOVERNOR SAYS STATE’S LONG-PLANNED STABLECOIN COULD LAUNCH BY JULY

Wyoming's planned stablecoin—first proposed in 2022—will work across Ethereum, Solana, Avalanche, and multiple ETH scaling networks.

The state of Wyoming is gearing up to launch its long-planned stablecoin in the coming months, Governor Mark Gordon said at the DC Blockchain Summit on Wednesday, with the state eyeing a potential July debut following a period of testing.

The stablecoin, which was first proposed via a state bill in February 2022, will be powered by LayerZero and be usable across multiple chains, including Ethereum, Solana, Avalanche, and the Ethereum scaling networks Base, Polygon, Arbitrum, and Optimism.

“We are thrilled to share Wyoming's vision for state leadership in the nation's capital,” Governor Gordon said in a press release issued following his DC Blockchain Summit interview. “Our forward-thinking approach to blockchain and digital asset legislation has positioned Wyoming as a model for not only other states, but the federal government as well.”

The token, WYST, which is now in testing phase across seven blockchain testnets, is poised to benefit both the state and its users, according to the Governor. He said that it will require an over-collaterization of the cash and U.S. Treasuries that back the token to reduce the risk of de-pegging, or shifting from the 1:1 ratio the token is supposed to hold with the U.S. Dollar.

Additionally, interest from the treasuries that back the token will be deposited into the state’s school foundation fund, according to a press release from the Governor.

Though the idea of its state stablecoin first surfaced in 2022, Wyoming’s progress accelerated in March 2023 with the passing of the Wyoming Stable Token Act, which led to the creation of the Wyoming Stable Token Commission—the group ultimately tasked with issuing a stablecoin that “aligns with state laws and fiscal responsibility.”

The Commission, which is leading the launch of WYST, is currently still engaging with vendors as it relates to the “development, deployment, and management of WYST.”

“The next phase of testing and customizing smart contracts is an imperative step towards delivering the best product for Wyoming and stable token holders,” said Commission Executive Director Anthony Apollo. “Once launched, WYST will grant holders the ability to transmit dollar-denominated transactions of any value, anywhere in the world, nearly instantly, with significantly reduced fees compared to traditional ACH or wires.”

The testing process is expected to occur throughout Q2 2025, leading up to the potential July launch.

Stablecoins remain at the center of crypto headlines in recent days and weeks, highlighted by the GENUIS Act, a bipartisan bill to create a regulatory framework for the tokens and their issuers.

On Tuesday, Wyoming-based Custodia Bank said it created the first bank-issued stablecoin on Ethereum. Wyoming’s launch of WYST would be the “first fiat-backed and fully-reserved stable token issued by a public entity in the United States,” according to the release.

@ Newshounds News™
Source:  Decrypt

~~~~~~~~~

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Bruce’s Big Call Dinar Intel Tuesday Night 3-25-25

Bruce’s Big Call Dinar Intel Tuesday Night 3-25-25 

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It's Tuesday, March 25th  and you're listening to the big call. Thanks everybody for tuning in, wherever you're located all over the globe. Thank you Sat team for getting the signal out all over the place, all over the globe, in so many different languages. We appreciate you. So let's go ahead before we go to sue for teaching another beautiful teaching that she found for us tonight. Let's go ahead and pray the call in.

Let's get into the Intel tonight and see where we stand. I know that we're getting a lot of good information in the last two or three days especially. And let's talk for a minute about rates on screens -Now the rates on the bank screens are tied to the Forex, and the rates have been blinking. They started blinking very quickly on forex and bank screens and redemption center screens too.

Now redemption  center screens are not tied to Forex. They're tied to something that's different. They can be, they can be put at whatever rate needs to be there for that particular currency, for us and for others  too. So we look at this and say, okay, the rates are all blinking very quickly.

 Now, what about more recently, like, let's say, starting Friday or Saturday. Did they slow down? Yes, they slowed down. And when the rates that were blinking get slowed down to its very slowly blinking, pretty soon, you're going to have the rates stabilized. The rates will settle in a given rate, and they'll be they'll be there. And that's what we wanted to see.

We thought that might happen by Friday, you know when it actually occurred, was Monday, yesterday, at just a few minutes after 10 pm. So they settled in  that's good for us. That's very good. That means the rates are there on the redemption center screens, and that's a good thing for us to move forward.

As of tonight, I'm hearing very good things about everything moving forward for us, I'm hearing that we should be getting good news we are liber toll free number, and we're also looking to get emails from Wells Fargo, and I think we're looking very closely at what will happen tomorrow for us, and it could be a Wednesday, Thursday type thing, or we might actually end up getting notified on Wednesday and yesterday, but we don't know that absolutely, and we may end up, You know, on Charlie Ward’s Thursday realistically, everything is moving forward –

It’s in the situation now,  from what I understand this has moved through the various chambers, and I'm sure Department of Defense, for example, is looking at this from a security point of view, making sure everything is all set. All the P's are crossed in the eyes are dotted before the green light and Treasury gets the green to release those emails from Wells Fargo to all the currency holders that we know up here in let's just call it North America for sure, the US and probably Canada.

But all that is being positioned for release, and I think that that's going to be very much welcome for all of us to receive that and to know that we can record our exchanges with the redemptions in and go forward with pre destruct with tier three and tier four, tier three being the bond holders, and they get their access to funds pretty much with an email to tell them they have access.

And then we should be getting our notifications telling us that we can set our appointments and begin setting appointments for the redemption centers and going in for our exchanges.

So I think to the extent that the shotgun start is those two things, you know, the bondholders getting access to their liquidity in their accounts, and us getting access to the toll free numbers to set our appointments for our exchanges, seem to me that's pretty much the term shot gun start with a plan in that sense. Other than that, it looks like everything is moving in the direction we want it to be in.

I think today being Tuesday, it's hard to say for sure, but maybe Thursday, we have these numbers and we have our appointments set, and hopefully we can do a celebrate call on Thursday. And if that is the case, then it might not be a long call. It could be a 20 to 30 minute celebration call.

But I'm excited about that. I'm excited about the potential that we have to move forward with this and help level the playing field around the globe. And, you know, help give back to humanity for everything that God's given us. But we look at this blessing as an opportunity to help in rebuild America, which my number one project, rebuild America.

Number two, rebuild  inational we were talking about starting with the Bahamas and the Dominican Republic Haiti, and working in three areas to start with. And then, of course, we'll take it from there beyond that, but to work with rebuild America.

And I know that we're not going to be saying the new infrastructure, per se, that's something the NESARA was going to be over, just like internationally GESARA is going to take that in in South America and Latin America and Africa and other parts of the world, but we'll concentrate on homes, rebuilding homes that are in need of it. I want to see community gardens in these rebuild America, cities and towns.

I'm excited about where we are. I think we're extremely close release of everything. And at least from what I'm hearing, things are really moving forward, and we should, we should get this. I would think pretty soon, this couple of days, is what I'm hearing. So we'll see about that.

April Trump has a lot on his plate. He's got a lot of things to bring out on April 2. So I believe we're going to get started with what we have prior to that, at least that's what I'm hearing that we still have to get that done. I really believe our Social Security increase and our dose checks will come out for the peak of April. That's the latest update I had since our last fall, Thursday night.

 And I think that we're going to get the restitution reconciliation allowance, the R and R, as I call it, I think that is there for us that it changed. It will be at the redemption center, and they'll either volunteer or do us a little asset.

Otherwise, you guys know the drill on the quantum financial system and how the funds will go into that quantum account, and you'll move a certain amount of funds into your primary wells account or secondary wells account, if you have those set up, and it's going to be that'll have to hold you for 60 days, and then you'll be up for 60 days, you'll be able to move freely into one or more of those accounts.

So I think it's really interesting everything that's happened out behind the scenes, and I'm looking forward to a new update on that, and maybe tomorrow I'll have that. But in meantime, everybody will look forward to seeing what happens now on Thursday, and hopefully we have numbers, and we'll put those on the website, our homepage on big calluniverse.com and we will send out a we'll send out an email with the number to those that have registered for that purpose on the site.

Okay, read your email. There's no cost. I'll send that out and email last number, but last but the numbers come out and we put them up. I say numbers. I expect one 800 number. After that comes out, we'll put it on the home page of the website, and then everybody just go to big call universe.com and see it okay and take it I appreciate everybody out there. We thank you for calling.

Want to give a special thanks out to the satellite team for getting a call all over the globe. And thank you big call universe for listening to me for almost 14 years here. Thank you for everything that you've done, and thank you Bob and thank you Sue for CO hosting the call with me. And also thank you Jeannie and everyone else that had input to the big call   Thank you everybody.  Thank you and the loyalty for the big call. Thank you for everything you've done and all out. And then we'll look forward to to talk guys.

Well, good night, everybody. We'll talk to you. Keep an eye on your emails, and sometime maybe tomorrow, check it out. Let's see. Let's see if we get this before the next call. All right. All right, everybody. Good night.

Bruce’s Big Call Dinar Intel Tuesday Night 3-25-25 REPLAY LINK   Intel Begins   1:11:11

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Bruce’s Big Call Dinar Intel Thursday Night 3-20-25 REPLAY LINK   Intel begins   1:18:00

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Bruce’s Big Call Dinar Intel Tuesday Night 3-18-25 REPLAY LINK   Intel Begins   1:00:10

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Bruce’s Big Call Dinar Intel Thursday Night 3-13-25 REPLAY LINK   Intel begins   1:17:17

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Bruce’s Big Call Dinar Intel Tuesday Night 3-11-25 REPLAY LINK   Intel Begins   1:01:01

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Bruce’s Big Call Dinar Intel Thursday Night 2-27-25 REPLAY LINK   Intel begins   1:14:34

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Bruce’s Big Call Dinar Intel Tuesday Night 2-25-25 REPLAY LINK   Intel Begins   36:36

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Bruce’s Big Call Dinar Intel Thursday Night 2-27-25 REPLAY LINK   Intel begins   1:02:22

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Bruce’s Big Call Dinar Intel Tuesday Night 2-25-25 REPLAY LINK   Intel Begins   1:27:27

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Bruce’s Big Call Dinar Intel Thursday Night 2-20-25 REPLAY LINK   Intel begins   1:18:12

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Bruce’s Big Call Dinar Intel Tuesday Night 2-18-25 REPLAY LINK   Intel Begins   1:00:00

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Bruce’s Big Call Dinar Intel Thursday Night 2-13-25 REPLAY LINK   Intel begins   1:19:20

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Bruce’s Big Call Dinar Intel Tuesday Night 2-11-25 REPLAY LINK   Intel Begins   1:07:37

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Bruce’s Big Call Dinar Intel Thursday Night 2-6-25 REPLAY LINK   Intel begins   1:19:4O

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Bruce’s Big Call Dinar Intel Tuesday Night 2-4-25 REPLAY LINK   Intel Begins   44:24

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Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 3-26-25

Good Afternoon Dinar Recaps,

BLACKROCK AND FIDELITY POISED TO ENTER XRP ETF RACE AFTER RIPPLE’S LEGAL WIN

Nate Geraci, a leading ETF analyst, forecasts that BlackRock and Fidelity will soon join the XRP ETF race, with approval expected to happen soon. His optimism stems from the resolution of Ripple’s legal battle with the U.S. SEC.

Ripple’s Win Clears Path for XRP ETF

Stuart Alderoty, Ripple’s top lawyer, revealed that the company successfully reduced its fine from $125 million to just $50 million, down from the SEC’s initial $2 billion demand. Additionally, the injunction against Ripple is expected to be lifted at the SEC’s request.

After four grueling years, experts say the way is now clear for an XRP exchange-traded fund (ETF) in the U.S. In a latest X post, Geraci noted “Seems obvious spot XRP ETF approval simply matter of time IMO. And yes, I expect BlackRock, Fidelity, etc to all be involved.”

He also highlighted that XRP is currently the third-largest non-stablecoin cryptocurrency by market cap, making it a significant player in the market. And given its size and growing interest, the largest ETF issuers, such as BlackRock and Fidelity, are unlikely to overlook the potential of launching an XRP ETF.

While the SEC has been cautious about approving altcoin ETFs, Geraci believes the agency will eventually approve them. He also highlighted the ongoing debate about whether broad crypto index ETFs or single-asset ETFs will lead the market. Despite expecting the SEC to set limits on approvals, Geraci remains optimistic about the growth of these financial products.

BlackRock To Partner With Ripple?

In a recent Bloomberg interview, Ripple CEO Brad Garlinghouse was asked about collaborating with BlackRock to launch an XRP ETF in the U.S. While Garlinghouse didn’t confirm the partnership, he sparked speculation by stating, “We think it makes sense for the XRP community overall”.

Many believe that once Ripple’s regulatory issues are resolved, asset managers will quickly move to launch an XRP ETF later in the year. Further Ripple CEO is also confident that XRP will join the U.S. Digital Asset stockpile.

Increasing Odds of XRP ETF Approval

Meanwhile, Polymarket, a decentralized prediction platform, shows an 84% chance of XRP ETF approval in 2025. With industry experts closely monitoring XRP’s price, many anticipate a potential breakout to $3 soon, signaling a promising future for the token.

@ Newshounds News™
Source:  Coinpedia

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BRICS & US RACE FOR DIGITAL FINANCE SUPREMACY: WHO’S WINNING?

The last year has seen the emergence of the cryptocurrency market as a viable financial sector. Indeed, its arrival has spurred a host of nations to adopt the asset class in a bid to not get left behind. Moreover, it has only increased the conflict between the BRICS and the US as they race for digital finance supremacy. But the question is, who is winning?

US President Donald Trump has already stated his desire for the United States to be the crypto capital of the world. However, the BRICS alliance has already sought out the implementation of blockchain-based applications to help them curtail overreliance on Western systems. Amid a brewing trade war, these two sides are set to face off further in a budding crypto race.

BRICS and US Embrace Digital Finance: But Which Side is Coming Out Ahead?

Since the start of the year, the West and Global South have seen tensions escalate. With Donald Trump returning to the White House, he has targeted that region. Specifically, he has warned of impending 150% tariffs for those who are engaged in de-dollarization efforts.

Yet, the US dollar is not the only battlefield on which these two sides are fighting. Both BRICS and the US are engaged in an ongoing conflict for digital finance supremacy. However, the biggest question now is, just who is winning?

The BRIC bloc has long sought to embrace the blockchain revolution. It had created its very own blockchain-based payment system to counter the Western Swift. Moreover, they have introduced a gold-backed stablecoin that could revolutionize how it transacts with digital assets.

However, the United States is not far behind BRICS. The country has sought to overhaul its crypto policy since Trump returned to the Oval Office. This comes with the president’s plea to pass stablecoin legislation. These efforts all align with the belief that the nation could soon head the entire industry in the coming years.

Which Side Is Winning in 2025?

So, just who is winning at this moment? The question doesn’t have a clear-cut answer but can be explained nonetheless. BRICS is further in development at this stage; China is embracing the digital yuan, and India, Russia, and Brazil all have major digital currency initiatives in place.

However, the United States may have more potential due to the overarching business interest that the asset class has garnered in the nation.

Moreover, the arrival of the UAE’s new $1.4 trillion investment framework into the Western giant will only fasttract its digital finance development. Regardless of where they stand now, the coming months will be massive in determining if BRICS or the US is edging ahead.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Iraq Economic News and Points to Ponder Wednesday AM 3-26-25

The Central Bank Concludes Its Cycle On Dormant Accounts And Their Electronic System.
 
March 25, 2025   With the aim of developing the skills of banking personnel across all Iraqi governorates,
the Banking Studies Center, a division of the Central Bank of Iraq, concluded its course on dormant accounts and their electronic system.
 
The course targeted 54 trainees from various departments working in the financial, accounting, and internal auditing departments.

The training program included learning the
     concept of dormant accounts and
     how to identify them in the banking system,  
     acquiring the necessary skills to

     manage dormant accounts through electronic systems, and familiarizing them with

     electronic systems for monitoring and closing dormant accounts,

     ensuring compliance with standards and laws.
      
    Central Bank of Iraq      Media Office      March 25, 2025  https://cbi.iq/news/view/2834

Gold Rises As Safe-Haven Demand Increases Amid Tariff Concerns

Tuesday, March 25, 2025 | Economic Number of reads: 215  Baghdad / NINA / Gold rose on Tuesday, with increased demand for safe havens amid uncertainty surrounding tariffs that US President Donald Trump is expected to reimpose next week, amid fears of an economic slowdown, trade tensions, and concerns about inflation.

The price of gold in spot transactions rose 0.1 percent to $3,015.42 per ounce. US gold futures also rose 0.1 percent to $3,019.40.

As for other precious metals, silver in spot transactions rose 0.3 percent to $33.1 per ounce, platinum fell 0.1 percent to $973.35, and palladium increased 0.3 percent to $953.78. / End

https://ninanews.com/Website/News/Details?key=1193944

Basra Crude Prices Decline Despite Stable Oil Prices In Global Markets

Tuesday, March 25, 2025 | Economic Number of readings: 115  Baghdad / NINA / Basra Heavy and Basra Medium crude prices fell on Tuesday, with oil prices stabilizing in global markets.

Basra Heavy crude prices fell 17 cents, or 0.24%, to reach $69.87, while Medium crude prices fell 17 cents, or 0.23%, to reach $72.92.

Global oil prices stabilized as investors feared that Trump's tariffs would slow the global economy and limit demand for oil. Brent crude recorded $73.04, up one cent, and US crude recorded $69.13, up 4 cents.

https://ninanews.com/Website/News/Details?key=1193966

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

Seeds of Wisdom RV and Economic Updates Wednesday Morning 3-26-25

Good Morning Dinar Recaps,

BIG WIN FOR CRYPTO: OPERATION CHOKEPOINT 2.0 POLICIES ROLLED BACK

David Sacks, the White House crypto czar, celebrated a big victory today. He announced that the Federal Deposit Insurance Corporation (FDIC) is following the U.S. Office of the Comptroller of the Currency (OCC) in removing “reputational risk” as a factor in bank supervision.

This change effectively rolls back the controversial Operation Chokepoint 2.0 policies, which had led to the unfair debanking of crypto companies.

Sacks said that this is a big step forward for crypto. Operation Chokepoint 2.0, which was supported by figures like Senator Elizabeth Warren, used vague criteria like “reputational risk” to target crypto businesses.

This meant that institutions could be punished for negative publicity, whether true or not. The new policy change will make banking criteria more objective and fair, preventing political influence from hurting the crypto sector.

Sacks also credited Senator Tim Scott for his leadership in pushing these changes, especially through the Financial Institution Reform and Modernization (FIRM) Act. This move is expected to create a better environment for crypto businesses and could lead to higher prices for digital assets in the future.

Fox Business’ Eleanor Terrett added more context, explaining why “regulation by enforcement” doesn’t work. She explained that Ripple has spent between $150 million and $200 million in legal fees over the years, only to end up in the same position it was in when the SEC first filed the lawsuit in 2020. The SEC likely spent taxpayer dollars as well.

XRP holders were also negatively impacted, as exchanges removed the token, causing its value to drop. Many other crypto projects also became hesitant to build in the U.S. for fear of being targeted by the SEC. Terrett criticized SEC Chair Gary Gensler for focusing resources on crypto firms while missing major issues like FTX, 3AC, and Celsius, which caused real harm to investors.

@ Newshounds News™
Source:  Coinpedia

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SEC SCHEDULES FOUR NEW ROUNDTABLES FOR CRYPTO TASK FORCE

The SEC is aiming to discuss and solve regulatory issues around crypto trading, custody, tokenization, and decentralized finance.

The SEC's Crypto Task Force announced Tuesday it will host four more roundtables on crypto and digital asset regulation.

The roundtables would run from April to June, building on the agency's efforts to create clearer rules for the industry.

Crypto roundtables are a way for the SEC to "hear a lively discussion among experts" in order to understand current regulatory issues and what the Commission can do to “solve them," Commissioner Hester Peirce, who leads the task force, said in a statement.

Sessions for the roundtables are slated to discuss trading (April 11), custody considerations (April 25), asset tokenization (May 12), and decentralized finance (June 6). The roundtables will take place at the SEC headquarters with both in-person and virtual attendance options.

Just a day after his appointment, acting SEC Chairman Mark Uyeda announced the establishment of the Crypto Task Force on January 21 to develop clear regulatory frameworks and registration paths for crypto companies.

By March, the SEC had assembled key figures and industry experts to help bolster these efforts.

The SEC's plan to host four more crypto roundtables follows on from the task force's first one held last Friday, which examined how securities laws might apply to digital assets.

"Spring signifies new beginnings, and we have a new beginning here, a restart of the commission's approach to crypto regulation," Commissioner Peirce said during that session.

Backstage at the first roundtable, Commissioner Peirce told Decrypt that the agency is also exploring how it could "provide some kind of framework or some kind of markers" to craft rules for NFTs as an asset category.

That followed its pronouncement on Thursday last week that crypto mining does not violate securities laws.

The move aligns with broader crypto policy changes under President Donald Trump, who has been supportive of the industry both during his campaign trail to become the first "crypto president" and right after his electoral win.

Since he began his second term as POTUS, Trump has signed an executive order establishing a strategic crypto reserve, moved to acquire as much Bitcoin as possible, and helped push a stablecoin bill forward, among other key initiatives he’s done so far for the crypto industry.

@ Newshounds News™

Source:  Decrypt

~~~~~~~~~

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Nothing Combats Climate Change Like a Four-Lane Highway Through the Amazon

Nothing Combats Climate Change Like a Four-Lane Highway Through the Amazon

Notes From the Field By James Hickman (Simon Black)   March 21, 2025

About eight months from now in November 2025, over 50,000 world leaders, bureaucrats, activists, celebrities, and VIPs will descend upon the Brazilian city of Belém for the United Nation’s annual climate change lollapalooza, otherwise known as COP30.

These esteemed experts will gather to lecture the world on how desperately the rest of us peasants need to cut carbon emissions. They’ll make “bold commitments” to end fossil fuels and pledge to save the Amazon rainforest.

But first they’ll fly in on their private jets, then convoy down to the conference site in luxury gas-guzzling SUVs.

Naturally, our moral overlords can’t be expected to sit in traffic like a filthy commoner. Their time is clearly too valuable.

So fortunately the Brazilian government is bulldozing thousands of acres of the aforementioned Amazon rainforest to build a special four-lane highway... so that visiting climate dignitaries can be whisked from their private jets to their luxury hotel suites in a matter of minutes.

Seriously. You can’t make this stuff up.

It’s called Avenida Liberdade—“Liberty Avenue”—a freshly paved road slicing right through a protected stretch of Amazon jungle, all so VIPs don’t get stuck in traffic on their way to dine on truffled wagyu beef— while telling everyone else to eat bugs and weeds to combat climate change.

But this really shouldn’t be surprising— such hypocrisy is extremely ‘on brand’ for the UN’s signature climate conference.

At COP27 in Egypt, over 400 private jets descended on Sharm El Sheikh, belching emissions into the atmosphere so climate VIPs could discuss… how to cut emissions. The gourmet menus featured $100 Angus beef medallions served to attendees who blamed cow flatulence for global warming.

In fact, the UN’s “State of Climate Action 2022”, which was released days before COP27, listed meat consumption as one of the key initiatives that political leaders need to tackle.

But at least it showed where the UN stands on human rights abuses at the hands of brutal authoritarian regimes like that of Egyptian President Abdel Fattah el-Sisi: murderous dictatorships are okay, as long as they bow to the climate agenda.

The next year, the theme of COP28 (the 28th year of holding the conference) was: “No more waiting. It’s time to take action.”

The bold action they took was to convene panels dedicated to gender identity and feminism—because naturally, pronouns are the key to stabilizing the planet’s temperature.

30 years of private jets, meat consumption, and felling rainforests has accomplished nothing other than providing luxury parties for elitists to discuss how regular people should suffer in the name of combating climate change.

The most ridiculous part is that the perfect solution already exists: nuclear energy.

But they completely ignore it. They’re more willing to pave through the rainforest so they can discuss pronouns, rather than acknowledge nuclear energy as the obvious answer.

Fortunately, no one actually listens to these hypocrites. And anyone in the know is already getting behind nuclear.

Tech giants like Meta, Google, Amazon, and Microsoft have all inked deals to secure their own nuclear power sources, many through extremely safe small modular reactors.

These evil capitalists will end up doing more to combat climate change than three decades of bureaucrats.

Funny thing, combating climate change isn’t even really the tech companies’ primary goal; the bigger issue is that the US power grid is already stretched to the max. And they know that power consumption will grow dramatically in the coming years because of AI, robotics, and more.

These companies are looking to safeguard their own power supplies. So they took matters into their own hands. They know nuclear is safe, cheap, and absurdly efficient. A single rock of uranium can power a small city for a day.

So they cut their own deals and made their own investments. But they’re not alone.

The state of South Carolina is getting back into nuclear power. And, even at the federal level, there is significant support emerging for nuclear power. In fact the new US Energy Secretary was formerly a board member at a small-scale nuclear start-up.

Unfortunately the US is currently lagging behind other countries in its nuclear ambitions; China, India, and many other countries are building nuclear reactors at a furious pace.

This also means that demand for uranium— the key fuel for nuclear power— is set to soar as these new nuclear plants come online around the world.

At the moment, however, there simply isn’t enough uranium being produced to match demand. Not even close. And that supply/demand imbalance almost certainly means a dramatically higher future price for uranium.

This is a classic real asset opportunity: the most promising energy asset on earth is facing skyrocketing demand and dwindling supply. Yet at the moment it is still cheap.

It’s only a matter of time before that changes drastically.

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

https://www.schiffsovereign.com/trends/nothing-combats-climate-change-like-a-four-lane-highway-through-the-amazon-152344/

This High-Risk Gamble Is Putting The Future Of The US Economy At Stake

This High-Risk Gamble Is Putting The Future Of The US Economy At Stake

Notes From the Field BY James Hickman (Simon Black)  March 24, 2025

Russian-born Lydia Lopokova was not happy with her accommodations at the posh Mount Washington Hotel.  The world-famous former ballerina complained that, in room 219, “the taps run all day, the windows do not close or open, the pipes mend and unmend.” Not to mention the hotel pool was absolutely frigid, even for someone who had grown up in frosty Saint Petersburg.

Lopokova coped by practicing her ballet moves late in the evening-- the only time when the crisp New Hampshire mountain air made it tolerable enough to exercise.

But perhaps she was just being petty; US Treasury Secretary Henry Morgenthau was staying right below her in room 119… and Lopokova’s constant grande jetes and pirouettes reportedly kept him awake all night.

It was early July 1944. And delegates from all over the world had descended upon the picturesque town of Bretton Woods, New Hampshire for the most important monetary conference in history.

(The Mount Washington Hotel was specifically chosen because it was the largest structure in all of New Hampshire… and the only facility capable of accommodating such a large group.)

The event was truly international; the New Yorker magazine celebrated the “gathering of Colombians, Poles, Liberians, Chinese, Ethiopians, Filipinos, Icelanders, and other spectacular people.” Lopokova described the atmosphere as a “madhouse”.

But she had no choice… for her husband, the legendary British economist John Maynard Keynes, was the star of the show.

Keynes in many ways was like Albert Einstein-- he had transcended his profession and become something of a cultural icon. And all throughout the conference, other delegates waited patiently for a photo while reporters frantically wrote down his every utterance.

“Lord Keynes,” said his colleague Lionel Robbins, “was photographed from at least 50 different angles. . . Lord Keynes standing up, Lord Keynes sitting down . . . and so on and so forth.”

But despite Keynes’s celebrity and gravitas, it was the Americans who had called the Bretton Woods Conference… and it was the Americans who were running the show. The United States was out to create what one of Morgenthau’s top lieutenants had called “a New Deal for a New World”.

Everyone in room knew that World War II was nearing its conclusion. The Allied invasion of Normandy had succeeded, and Nazi general Gerd von Rundstedt was about to advise Hitler to make peace. So, it was time for the allies to contemplate a post-war future.

US President Franklin Roosevelt’s message to delegates was to “take counsel with one another” to determine “the shape of the future which we are to win.”

It was a polite gesture to pretend that there would be debate and compromise among the various nations. But it was clear to all that “the future” which Roosevelt referenced would be 100% dominated by the United States. And everyone had precisely 21 days to get on board the America Train.

The primary agreement was that the US dollar would be fixed to gold… and all other nations would peg their currencies to the US dollar. The dollar would become the global reserve currency.

Keynes was furious, and at one point he screamed at senior US officials over their “lunatic proposals.” (The New York Times wrote that “the majestic beauty of the surroundings is in striking contrast to the temporary bedlam which broke out” at the event.)

Great Britain was being stripped of all power and prestige-- even losing traditional export rights to its own colonies. For Keynes, the entire event was a constant, humiliating reminder that there was no room in the New World Order for Great Britain.

But Keynes was also realistic; British debt-to-GDP had swelled to a whopping 240% in 1944, up from just 29% prior to World War I. Britain simply didn’t have the economic muscle to be the world’s dominant superpower.

So, in the end, he signed the Bretton Woods Agreement (though later complained that no one had been given “a chance of reading through a clean and consecutive copy of the [final] document.”)

In other words, the contract which formally unseated Britain as the global economic superpower had its most preeminent economist’s signature on it.

We may very well be watching the early stages of a similar seismic shift in global finance-- a move that may displace the US as the global economic power. And in the end, there could likely even be a formal contract with a prominent American’s signature on it.

As one of Donald Trump’s top economic advisors, Stephen Miran, recently wrote, “We may be on the cusp of a generational change in the international trade and financial systems.” He would know; he coined the term “Mar-a-Lago Accord”, and its basic principles are playing out in real time.

Their central idea is to throw free trade and free markets out the window… and acknowledge that both (1) US-led global security and (2) access to America’s lucrative consumer market are esteemed privileges that foreign nations must pay handsomely for.

To be fair, the premises are not crazy. For example, they question why America should have “free trade” with a foreign nation that doesn’t respect US intellectual property rights. Or why the US should bear the costs of providing security to nations which don’t pay their NATO obligations in full.

These are not unreasonable assertions. But what they’re talking about is still a fundamental reset in the global financial system that has existed for decades. And that’s a high-risk gamble.

First off, countries must bow to America’s political agenda. If not, tariffs will be imposed. And these guys honestly believe that tariffs are revenue-positive.

Miran writes that “tariffs provide revenue, and if offset by currency adjustments, present minimal inflationary or otherwise adverse side effects. . .”

He then cites the 2018-2019 trade war against China as an example of tariffs not sparking inflation-- primarily because the Chinese devalued their currency. He ignores other examples (Smoot-Hawley) of tariffs wrecking the economy.

Furthermore, access to the US consumer market, plus the promise of security and military support, must be ‘bought’ by foreign governments and central banks who must swap their US government bonds for long-term “century” bonds which potentially pay no interest.

Again, countries which do not comply will face tariffs.

We’re already witnessing the plan’s first phase: tariffs on Canadian and Mexican products. Europe is on deck. This does not seem to be an idea or wild theory-- it’s happening right in front of us.

Will it work? Who knows. If the US government manages to browbeat enough nations into submission, it’s possible there could be some trade re-balancing, additional tax revenue, and decreased interest cost on the national debt.

But there’s also significant risk that even allied nations say, “enough is enough”, i.e. that they turn their backs on the US and dump the dollar for good.

In this case, the Mar-a-Lago proponents believe the Federal Reserve would step in to ‘print’ all the money necessary to finance the bond market.

Remember, during the pandemic, the Fed printed roughly $5 trillion… and we got 9% inflation. There’s $28 trillion worth of US government debt set to mature over the next four years alone. If foreigners turn their backs on the dollar, and the Fed has to print a good chunk of that $28 trillion, inflation could easily skyrocket.

Make no mistake-- this is a high stakes gamble with a potentially binary outcome.

They either succeed… and manage to reinvigorate America’s standing with most of the world; or they fail… and torpedo the US economy, spark a nasty bout of inflation, and destroy the US dollar’s dominance in global trade.

Either way, it means a new global financial system. And it’s playing out in front of our very eyes.

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

https://www.schiffsovereign.com/trends/this-high-risk-gamble-is-putting-the-future-of-the-us-economy-at-stake-152356/