Dinar Recaps Blog Page — Dinar Recaps (2024)

You Can Now Withdraw $1K From Your 401(k) Penalty-Free — but You Still Shouldn’t

Gabrielle Olya Tue, July 30, 2024 GOBankingRates

As of the beginning of this year, the Secure Act 2.0 allows Americans to withdraw up to $1,000 from tax-advantaged retirement accounts to pay for “unforeseeable or immediate financial needs relating to necessary personal or family emergency expenses” without having to worry about an early withdrawal penalty.

While this can serve as a financial lifeline, some financial experts caution against tapping into your retirement savings to cover emergencies. Here’s why you may want to think twice before making a withdrawal from your long-term savings.

Retirement Planning: Whether you're planning for retirement, dealing with a significant life event or simply looking to make smarter financial decisions, a financial advisor can offer the expertise and guidance you need. Here are some compelling reasons why you should consider a financial advisor -- even if you're not wealthy.

The Downsides to Making an Emergency Withdrawal From Your Retirement Fund

If you need money ASAP, making an emergency withdrawal from your retirement savings might seem like a no-brainer.

“A hardship withdrawal can give you immediate access to the money you need without having to worry about paying it back,” said Mindy Yu, director of investing at Betterment. “This can be a lifesaver if you’re facing urgent, dreadful financial challenges, like unexpected medical bills or the threat of foreclosure on your home. However, an emergency withdrawal from your retirement savings can have several downsides and long-term impacts.”

It’s important to keep these downsides in mind before taking out any funds.

Reduced Retirement Funds

“The most immediate impact is a decrease in your retirement nest egg, reducing the amount of money available when you retire,” Yu said.

Delayed Retirement

If you rely on these withdrawals too often, you may not be able to retire when you want to.

“Reduced funds may result in having to work longer to compensate for the shortfall,” Yu said.

Missed Earnings Potential

Money in your retirement savings account compounds over time, so when you withdraw funds, you also miss out on that money’s future earnings.

“Emergency withdrawals can disrupt the time your money is invested in the market, affecting long-term savings goals,” Yu said.

“Because of these reasons, careful consideration and exploring other financial avenues are crucial ahead of deciding to withdraw from your retirement savings,” she noted.

Alternatives to Tapping Into Your Retirement Savings

https://www.yahoo.com/finance/news/now-withdraw-1k-401-k-150125060.html

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

Judy Note: On Tues. 30 July 2024 the US National Debt (to the Deep State Cabal) hit over $35 Trillion. Although Congress was legally liable to pass and conform to a budget each year, they have never done so to my knowledge during my 80 year lifetime.

The British Crown then sent the US Taxpayer monies on to the Vatican Bank, where the Black, Grey and White Popes then used it again for their own purposes, and then sent our monies on to their Central Banks across the World – where Bankers made even more money off of US Taxpayers.

About a month later the US Taxpayer monies were returned to a Cabal Deep State owned bank in New York, where they charged us Taxpayers interest in order to use our own monies to pay their private corporation US Inc. employees.

That’s where the National Debt came from: Over $35 Trillion in debt of Taxpayer Monies caused by the Cabal, was now owed to the Cabal.

Members of the US Congress were well aware of this corrupt financial system that has been in place since 1913, yet have been blackmailed and paid big monies to not do anything about it – which they don’t, never have and seem to have had no incentive to change the system in the future….

Soon we will be going back to 1955 prices: The value of $8,000 in 1955 was approximately equivalent to $85,896.23 in today’s money, adjusted for inflation.

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Tues. 30 July 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#

Tier4b (us, the Internet Group) could get notified to set redemption appointments on Wed. 31 July and start appointments on Thurs. 1 Aug, or be notified on Thurs. 1 Aug and start appointments that same day.

On Tues. 30 July Bankers and Paymasters tied into Wells Fargo, Bank of America and HSBC were working to get information, consolidate procedures and finish.

Paymasters have been paying out Bond Holders.

A US Treasury Email came out tonight to Paymasters that told them to key in their codes and ID to fund the rest of their Bond Holders, but the computer wouldn’t let them complete the transaction. They were told to wait until morning to finish the job.

We have been told that the Restitution and Reclamation Allowances will be paid out the first week in August – which is, of course, this week.

Paymasters have said that everything is completed and Iraq is ready.

When Tier4b is paid we will be hydrating the banks.

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Tues. 30 July 2024 Wolverine

Tues. 30 July 2024 Wolverine: “Heard from the Asian country that Wednesday is D day – liquid for them – spendable money to their members.It will be very emotional for all of you guys. I want you to get ready as Tier4B is coming, I can assure you of that. Keep an eye on your emails as well.This will be the biggest transfer of wealth in the history of mankind and all of you are part of it – Always thank the person who invited you, to this incredible blessing, to be called byGod to change the world. I, for one, will help the people in Venezuela to help their suffering.God bless you.” …Wolverine

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Tues. 30 July 2024 Mr. Pool on Telegram:

2. Public announcement of the new USN notes money supply

3. Public announcement of USN bills paid.
a.Iraq has a trust problem with the US.
b. They need to see items 1-2 and three above publicly announced So they can go forward.

4. Public announcement of the new Iraq international Dinar rate

5. Public announcement of the new Iraq international data rate published in The Gazette

6. Public announcement of Nesara

7. Public announcement of Gesara

8. Public announcement of Biden gone

10. Private announcement of RV notifications including 800 numbers and Starlink a. Private announcement of tier 3 liquidity and spendable. b. Private announcement for liquidity of all tiers

11. Public announcement of the following
a. Social Security increase and change of system
b. Reclamation monies
c. Debt forgiveness jubilee
d. Other funds as applicable

We should begin to see these flowing out in the soon coming immediate future

There are other events that are important such as the stock market crash, EBS, and the new financial system. I have chosen not to include them in the list above, but those things are coming and we should pay attention to real events that are about to and very soon begin to unfold.

Hold the line and stay steady. Lock your faith into the Word of God. What is about to happen is biblical and we should understand that.

See you on the other side. The other side is the Promised Land. Are you truly ready?

Read full post here: https://dinarchronicles.com/2024/07/31/restored-republic-via-a-gcr-update-as-of-july-31-2024/

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

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One Million IQD at 80 Cents Equals How Much in Profits and Taxes?

Edu Matrix: 7-30-2024

One Million IQD at 80 Cents Equals How Much in Profits and Taxes? For IQD Investors and US Taxpayers, Here's the Scoop and What You Will Need to Do

https://www.youtube.com/watch?v=X21WZbj9H0A

IQD Update - Iraq Dinar News - Iraq Dinar News - Time to Move - US FED - At Moments Notice

MilitiaMan and Crew: 7-30-2024

https://www.youtube.com/watch?v=Dx6gVI9LfXA

Evening News with MarkZ joined by Jeff Rahm. 07/30/2024

MarkZ Disclaimer: Please consider everything on this call as my opinion.. Be sure to consult a professional for any financial decisions

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

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

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

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

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

Youtube: https://www.youtube.com/watch?v=JPxYvELd4Oc

Hasty Implementation... Who Bears The Responsibility For The Mistakes Of Government Projects?

Tuesday, 07-30-2024, Karar Al-Asadi Since Prime Minister Mohammed Shia al-Sudani announced the implementation of projects, including plans to relieve traffic congestion in the capital, Baghdad, the construction, building of bridges and overpasses, and widening of streets have been marred by many shortcomings and errors, which led to some of them being repaired shortly after their opening, or details being added to them, which raised several questions about the priority of speed of completion at the expense of quality.

However, observers considered the matter, despite that, a step forward in the reconstruction process. Regarding these errors, economic researcher Mustafa Akram Hantoush points out that “the occurrence of some errors does not affect the good service construction and development movement of Baghdad Governorate, and if errors occur, they can be addressed and what the government has done regarding the bridges issue can be considered an achievement because if it were not for the current trend, the Baghdad Municipality would not have built any of these bridges.”

Hantoush believes that “the Iraqi government is very good with regard to bridges and some issues related to infrastructure. In fact, we have never seen anything similar from previous governments. The Baghdad Municipality often received money to transfer it to replacing sidewalks on an ongoing basis, so no bridges or gates were built.”

It is noteworthy that the Prime Minister announced at the beginning of 2023 the commencement of a package of projects, starting with supplying residential areas on the outskirts of Baghdad and slums with infrastructure, including sewage, water, electricity and road paving networks, while launching a plan to relieve traffic congestion, which includes the construction of a number of bridges and overpasses and the expansion of many streets.

For his part, political analyst Hassan Fadel says, “Some of the failures that occur in completing the projects implemented by Al-Sudani’s government are not directly borne by the government, nor by Mr. Al-Sudani himself, but rather are primarily borne by the Ministry of Construction and Housing, because it is necessary to evaluate the companies implementing the project according to standards set by the ministry before approving the bids of the implementing companies.”

“Among these criteria, this company must have implemented similar projects and possess the capabilities, tools, experts and engineers.

This means that the company submitting the bid has previous experience in similar projects, is it a company that has been working in this field for years, does it have sufficient experience or is it a new company, and what is the nationality of this company? These criteria and others must be taken into consideration to avoid these mistakes in the future,” Fadel added.

“The Prime Minister is trying to fix what was spoiled by years of government failures, but all the projects undertaken by the current government fall within its duties and cannot be considered achievements, because the achievement is the realization of huge strategic goals such as the development road and the Grand Faw Port, which can be classified among the huge strategic achievements and projects if they are completed,” he added.

“As for building bridges and factories, these are routine procedures that every government in the world undertakes, and they cannot be classified as achievements. Rather, building bridges and overpasses is the duty of the Baghdad Municipality and the Ministry of Reconstruction and is within their powers, and sometimes there may be a simple intervention from the Prime Minister, not a large-scale intervention,” he added,

“but because of the situation in Iraq and the nature of the circ*mstances it has suffered, the government was forced to intervene in such small projects that are of lower responsibilities in order to speed up completion and achieve a solution to the problem of traffic congestion and bottlenecks, and therefore these projects are not considered achievements.”

The General Traffic Directorate had previously announced the closure of the Cordoba Bridge in central Baghdad for maintenance purposes, four months after its opening, in addition to the completion of the Rustumiyah Bridge in Baghdad without channels to drain rainwater.

The Federal Integrity Commission had previously announced the failure of most of the electronic gates in parking garages in Baghdad and the governorates, after costing the state about eight and a half billion dinars.

Regarding the malfunction of these electronic gates, legal expert Adnan Al-Sharifi comments, “What is related to the malfunction of the electronic gates is either due to poor equipment or exposure to electronic hacking or sabotage by an agent.

If it is a sudden malfunction, this is a normal thing that may happen anywhere, provided that the materials of these gates are equipped and implemented according to good controls, contracts and specifications. However, if it is due to an agent, the investigation will reveal his identity and he will be referred to the competent authorities.”

He continued, “As for the poor quality of the projects, it is divided into two parts. The first is the poor quality of the plans, quantity schedules, and engineering specifications, which is the responsibility of the party that carried them out.

The second is the poor quality of the implementation, which is due to the collusion of the resident engineer, the supervisory authorities, and the receiving committees. All of these bear full responsibility for the intentional damages and will be held accountable in accordance with Articles 341 and 340 of the Penal Code, and as the results of the investigation show.” https://non14.net/public/168799

Alsumaria Publishes The Dollar Exchange Rates In The Iraqi Stock Exchanges Today

Economy 2024-07-30 | Alsumaria News – Economy Alsumaria News publishes the exchange rates of the dollar against the Iraqi dinar in the local Iraqi markets for Tuesday, July 30, 2024.

The dollar prices decreased with the opening of the Al-Kifah and Al-Harithiya stock exchanges, recording 149,000 dinars for every 100 dollars. As for the selling prices in the exchange shops in the local markets in Baghdad, they decreased, as the selling price reached 150,000 dinars, while the purchase price reached 148,000 dinars for every 100 dollars.

On February 7, 2022, the Council of Ministers announced its approval to amend the dollar exchange rate to 1,320 dinars per dollar.

For about a year, specifically since the Central Bank began operating the electronic platform and the international financial transfer system "SWIFT", the dollar exchange rate in Iraq has not witnessed stability despite the government and the Central Bank's attempts to control the exchange rate in parallel markets. LINK

Al-Sadr Calls For Boycotting American Products And Those Supporting The Israeli Entity: Peacefully, Not Through Violence

Politics | 07/29/2024 Mawazine News – Baghdad The leader of the Shiite National Movement, Muqtada al-Sadr, called today, Monday, for boycotting American products and goods that support the Israeli entity, while stressing the need not to use violence as some parties that want to destroy Iraq are doing.

In response to a question directed to the leader of the Shiite National Movement, which read: “What is your advice to all Muslims and Iraqis in particular regarding boycotting American goods and goods that support the usurping Zionist entity, in support of the people of Gaza in particular and Islam and humanity in general?”

Al-Sadr said the following text: “Yes, all believers in the Palestinian cause, all lovers of humanity, and all those who reject the mass massacres taking place in Gaza, and all those who reject the terrorist Zionist entity, its actions, crimes, and terrorism, and its master, America, the great evil occupier who hates peoples, should boycott all products that support Israel, America, colonialism, and the unjust global arrogance that is trying to make the world a village in its hands like a toy...

Boycotting them inside and outside Iraq is an act that pleases God Almighty and even pleases our consciences as Muslims and lovers of humanity and peace...

All of this is done through a peaceful boycott by not selling, not buying, or even using them... and not using violence as some parties do that want to destroy our beloved Iraq and benefit personally and partisanly from that in: #We are all boycotting.” https://www.mawazin.net/Details.aspx?jimare=252290

Government Advisor: Adopting Budget Schedules Has Become A Reality And Does Not Affect Financial Obligations

Money and business Economy News – Baghdad The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Tuesday, that the budget schedules have become a reality, and issuing instructions is a procedural matter that does not affect financial obligations.

Saleh said, in an interview with the Iraqi News Agency, followed by "Al-Eqtisad News", that "the legal basis for the current fiscal year 2024 is a matter that has been legislated and approved primarily, based on the provisions of the federal general budget for the years 2023, 2025, 2024 issued by Law No. 13 of 2023, which was published on June 26, 2023 in the Official Gazette."

He explained that "what is stipulated in Article Two / 77 of the law includes the executive authority submitting the financial tables for the two fiscal years 2024, 2025 to enable the House of Representatives to approve them sequentially," noting that "this was achieved in the fiscal year 2024."

He pointed out that "the three-year federal general budget was applied for the first time in the country, which was based in its approval on one of the articles included in the provisions of the Federal Financial Management Law No. 6 of 2019, as amended, which authorized the work of a financial plan consisting of a general budget for three fiscal years."

He added that "the legal options available to implement the provisions of the federal general budget have become more flexible for the federal financial authority, in addition to the availability of the federal financial management law itself, which allows financial transactions even if any approval of the general budget formalities is delayed in principle, especially allowing continued spending or disbursem*nt on investment projects approved in the three-year general budget as ongoing projects, as well as operational spending, or any financial transactions stipulated in the three-year general budget law."

He added, "Despite this, the adoption of the financial tables for the current fiscal year 2024, which were approved by the House of Representatives earlier this year, has become a reality, and issuing instructions for their implementation is a procedural matter that does not affect the obligations of the fiscal year itself, as these instructions are in all cases consistent with the emerging financial transactions when issued."

He added that "the Ministry of Finance announced earlier this month the issuance of financial bonds (achievement bond) as a source of financing for the budget by borrowing from the local financial market worth 1.5 trillion dinars,"

stressing that "spending on operating expenses such as salaries, pensions, social care, debt services, and others is ongoing, in addition to the continued financing of ongoing investment projects and those under implementation."

He pointed out that "all of these activities are financial activities in which spending has not stopped, which is consistent with the legal work rules that came with the three-year federal general budget, with high flexibility, transparency, and governance."

He noted that "the instructions for implementing the general budget schedules for the fiscal year 2024 will touch upon some of the developments and partial financial transactions that have been created or adapted, and not the faculties of public finance,

and that the financial activity in the country with its three pillars: revenues, expenditures, and deficit management is proceeding in a consistent and harmonious manner and in accordance with the objectives of the three-year general budget law, and that the executive and legislative authorities are in continuous communication and high coordination to ensure the achievement of public interests without interruption." Views 14 Added 2024/07/30 - https://economy-news.net/content.php?id=45743

I’m a Financial Influencer: These Are the 6 Most Common Money Questions I’m Asked

Nicole Spector Tue, July 30, 2024 GOBankingRates

With general financial literacy and better financial planning exploding on social media, millions of folks are turning to financial influencers to get their money questions answered without breaking the bank.

What are people the most curious or confused about? What are they reaching out to financial influencers to find out about? And how do financial influencers answer their queries or point them in the right direction?

GOBankingRates spoke with Jeff Sekinger, a financial innovator and entrepreneur, and the CEO and founder of Nurp LLC. Sekinger courts a following of 1.1 million on Instagram.

These are the six most common money questions he’s asked — along with how he answers them.

Retirement Planning: Whether you're planning for retirement, dealing with a significant life event or simply looking to make smarter financial decisions, a financial advisor can offer the expertise and guidance you need. Here are some compelling reasons why you should consider a financial advisor -- even if you're not wealthy.

‘How Might a Trump Presidency Impact the Economy?’

Sekinger is constantly spammed with burning questions about money. A common one recently revolves around Trump. Specifically, if Trump is re-elected, how would his presidency impact the economy? More specifically, which markets, sectors and companies could benefit?

“A Trump presidency could have significant implications for the economy and markets,” Sekinger said. “Some investors are optimistic that Trump’s policies, like tax cuts and deregulation, could boost the economy and markets. Others are more cautious, citing concerns about Trump’s trade policies and potential geopolitical instability.”

According to Sekinger, companies that could benefit from a Trump presidency are the energy, financial and defense sectors.

“On the other hand, companies in sectors like healthcare and technology might face headwinds,” Sekinger said.

‘What Do I Need To Know To Be A Successful Young Investor?’

Everyone on the path to financial freedom needs to be investing. Investing can be complex, and naturally, people have questions. Commonly Sekinger is asked what you need to know to become a successful young investor.

“As a young investor, time is on your side,” Sekinger said. “Take advantage of compound interest by investing as early as possible, even if it’s just a small amount each month. Consider contributing to a Roth IRA or your employer’s 401(k) plan. Also, educate yourself about investing and avoid getting caught up in get-rich-quick schemes.”

‘How Can I Build Wealth While Managing Student Loan Debt?’

To Read More: https://news.yahoo.com/news/finance/news/m-financial-influencer-6-most-140125604.html

West Panic: Italy’s Meloni In Beijing For Desperate Reset, Russia Drops Major BRICS Update

Sean Foo: 7-30-2024

After breaking away from China's Belt & Road, Italy's Meloni is in Beijing to reset economic relations.

Rome follows more G7 countries trying to tilt towards China to hedge themselves against an unpredictable US election.

Meanwhile, Russia has dropped a big update. A major South-East Asian economy could be joining BRICS very soon.

Timestamps & Chapters:

0:00 Italy Running Back To China

2:42 Meloni Wants Chinese Investments

6:15 Russia Drops BRICS Bombshell

7:45 Sponsor: Indigo Precious Metals

9:10 China Winning Over Asia

10:42 Malaysia's Ambition Needs BRICS

13:38 World Order Shifting East

https://www.youtube.com/watch?v=GGNjV-3IxSw

35 TRILLION DEBT WALL: Historic National Debt Surges, US Pays $2.4 Billion in Interest Daily

Lena Petrova: 7-30-2024

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

WARNING: Banks May Not Survive This (what the experts aren’t telling you)

Taylor Kenny: 7-30-2024

New data reveals unprecedented levels of lending to banks, suggesting an alarming fragility within the sector. Despite reassurances of stability, the sudden surge in bank term funding and credit lending signals deep underlying issues.

As experts warn of a looming financial meltdown, the urgency to protect personal wealth has never been more critical.

Stay tuned as Taylor Kenney uncovers the stark realities facing our banking system.

https://www.youtube.com/watch?v=LTVbxHn0M9s

Good Afternoon Dinar Recaps,

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People Are Sharing Their Worst Financial Blunders That Still Haunt Them To This Day, And I Really, Really, Reeaaaally Feel Their Pain

BuzzFeed Mon, July 29, 2024

Reddit user Dira_Jo asked the community, "What do you consider the worst financial decision of your life?" People swiftly took to the comments to share the money mistakes that still haunt them years later. Here's what people revealed:

1."Not contributing the max amount into my 401k. I worked at that company for 27 years and could’ve retired long ago."—u/parrothead_69

2."Being a tobacco user. I've told all my friends younger than me, as well as my kids, never to start using tobacco or Nicotine products. I started at 18 and am almost 45 now. I've quit a few times for a while, but a ton of stress at work and other things brought me back.

I've spent too much time and money both using, trying to quit, and dealing with ridiculous price increases and taxes that are supposed to help deter but really just squeeze more from us addicts."

"I have lived the rest of my life very responsibly, living within my means. I bought a home and then sold it once my family grew to purchase a bigger house while the market was still decent here and interest rates were low. I've invested the max in my 401k. I buy used vehicles and pay them off as soon as possible. The wasted money comes from something I know is bad for my health in the long term.

I have to admit, I have little control over it, although I keep trying. It sucks. So, any of you younger folks here, take it from me. It may seem fun, cool, or relaxing as a teen or young adult, but do yourself a favor for both your wallet and health and stay away from dipping, smoking, vaping, etc."—u/BigSarge79

3."Loaning money to friends. Or anything of financial value, for that matter. To this day, I will not loan so much as a penny without some kind of leverage against the person to pay me back. That saying about loaning people money is true. If you're going to loan money to somebody, you should do it assuming you won't get paid back. That has happened to me every single time. I will never loan money or things of monetary value ever again."—u/Busy_Ad2627

4."Letting my dental insurance lapse. I had the same plan for years, plan options changed, and I forgot to update to the new plan. I got my first cavities and root canals a few months later, and it cost thousands rather than hundreds."—u/AurelianoTampa

5."I was short on rent by $500 in 2013, so I sold 16 Bitcoins to cover the difference. Those coins are worth over a million dollars today."—u/Disco*kruse

6."My first trip to college. I racked up $56k in debt, and I dropped out. The cost of campus housing was more than the tuition, and the program was garbage. The school later lost its accreditation and went out of business. Students with federal loans had their balances discharged, but mine were private. I wish I had done some serious soul-searching at the time and thought longer about my goals and career path, but live and learn."—u/dackdeegan

7."My children. They're the best emotional decision ever, but the tiny accountant in my head reminds me every time I book a hotel or buy plane tickets for a holiday how much nicer of a holiday I could afford if we'd stopped at one. Don't even get me started on how much it costs to eat at a restaurant for a family of six, especially now my oldest thinks she's too grown up for the kids' menu."—u/Due-Criticism9

https://www.yahoo.com/finance/news/people-sharing-worst-financial-blunders-031602188.html

Kevin Freeman: Breaking Down the Coming Debt Crisis - Five Undeniable Truths About Money

Palisades Gold Radio: 7-29-2024

Tom Bodrovics invites Kevin Freeman to the show. Kevin is a Co-Founder of the NSIC, Host of The Economic War Room, Bestselling Author and Expert on Economic Warfare.

Kevin shares his passion for restoring a monetary system based on gold and silver, known as 'pirate money.' He argues that historically, societies have recognized gold and silver as money until recently when they began treating them as commodities or investments.

Kevin then delves into economic warfare, explaining it as the use of economic means to undermine adversaries or enemies. He emphasizes its significance in today's world where economic power is wielded aggressively and sometimes arrogantly by both foreign and domestic enemies.

He believes that elites aim to enslave economically through dependency on them.

The conversation then turns to the unsustainability of the debt-based monetary system, which Kevin sees as a form of enslavement due to the constant need to pay off debts.

He presents five truths about America's current situation, starting with its unsustainable debt path. With federal debt at $35 trillion and rapidly growing, the interest alone costs between $1.4 to $1.75 trillion annually, nearly equal to half of all personal income tax receipts in the U.S.

Furthermore, Kevin explains the structure of the U.S. national debt, particularly its short maturities leading to substantial increases in interest payments despite potential lower interest rates.

He criticizes both the Trump and Biden administrations for missing opportunities to issue longer-term debt during near-zero rate periods.

Mr. Freeman expresses concerns about the U.S.'s role as the issuer of the world's reserve currency and its use in economic wars. The potential danger lies in nations forming alternative trading blocks and removing the dollar's reserve status, which could weaken the U.S. economy significantly.

He also discusses the historical precedent of using debt to influence foreign policy and inflation's disproportionate impact on the poor, leading to wealth disparity and potential social unrest.

The conversation then touches upon the potential weaponization of currencies by governments, specifically central bank digital currencies (CBDCs), which offer governments control over how their currency is used.

Kevin advocates for the use of gold and silver as legal tender to maintain purchasing power and avoid potential taxation like fiat currency. REDACTED Kevin concludes by advocating for a pirate money solution involving individuals holding their money in gold and silver at the state level, which cannot be interfered with by federal authorities based on court cases supporting real money.

He encourages spreading awareness about the problem and solution.

Time Stamp References:

0:00 – Introduction

0:53 - Pirate Money

3:18 - Economic Warfare

7:40 - Debt Enslavement

11:49 - Debt Unsustainability

13:57 - Bonds & Long Term Debt

16:34 - Borrowing Vs. Printing

17:54 - Debt Servicing & Spending

20:13 - BRICS Vs. the Dollar

24:00 - Dollar Weaponization

28:34 - Inflation & Wealth Gap

33:39 - Fed's Purpose & Tool

38:19 - Exporting Inflation

43:15 - Inflation & CBDCs

50:50 - Metals Legal Tender?

56:48 - Currency Solutions

1:02:48 - Wrap Up

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

We Are Heading for an Economic Collapse at Warp Speed as Alarming Facts are Revealed

In This Article:

• The Dire State of U.S. National Debt

• Catastrophic Economic Implications

• Root Causes of the Explosive Debt Growth

The United States has reached a critical and alarming milestone: a national debt of $35 trillion.

This colossal figure not only breaks records but also signals an impending economic catastrophe.

VISUALIZING HOW LARGE $1 TRILLION DOLLARS ACTUALLY IS. Source: TheCalculatorSite.com

House Budget Committee Chairman Jodey Arrington (R-TX) expressed grave concern, noting the debt equates to $104,497 per person, $266,275 per household, and $483,889 per child.

In just one year, the debt has ballooned by $2.35 trillion, averaging $196 billion in new debt every month.

It threatens to drive up interest rates, reduce national savings, and compromise national security. The federal debt includes both public and intragovernmental holdings, placing an enormous burden on future generations.

The rapid escalation of the national debt is attributable to several factors, with thegovernment’s irresponsible response to the COVID-19 outbreakplaying a significant role due to massive welfare spending.

However, the path to this fiscal abyss began long before the that, fueled by structural issues such as unsustainable entitlement programs, out-of-control government spending, and impotent economic policies that fail to generate sustainable tax revenues.

The enormity and implications of this debt demand urgent and decisive action.

Without immediate intervention, the United States faces a future marked by financial instability, higher taxes, and severe austerity measures.

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