Keyword: currency
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Introduced in House (05/07/2024) Monetary Metals Tax Neutrality Act of 2024 This bill exempts gains or losses from the sale or exchange of certain coins or bullion from recognition for income tax purposes. The exemption applies to gains or losses from the sale or exchange of (1) gold, silver, platinum, or palladium coins minted and issued by the Department of the Treasury; or (2) refined gold or silver bullion, coins, bars, rounds, or ingots that are valued primarily based on their metal content and not their form.
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It doesn’t feel like a big decision in the moment. You’re standing at a café in Paris, a hotel in Rome, or an ATM in Tokyo, and a simple question pops up on the screen: “Would you like to pay in U.S. dollars or the local currency?” Most Americans instinctively choose U.S. dollars. It feels familiar. Safe. Transparent. But that small choice is quietly draining thousands of dollars from travelers every year—and most don’t even realize it until it’s too late. This mistake is called dynamic currency conversion, and it’s one of the most expensive traps in international travel today....
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The U.S. Treasury Department is sanctioning multiple wallets tied to Iran, thereby freezing $344 million in cryptocurrency, Treasury Secretary Scott Bessent said in a statement on X.....
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It struck me earlier today that I have NOT written a regular check in years. Yes, I have written a few bank checks but as far as personal checks I can't think of any that I have written any in at least 5 and more likely 10 or more years. At one time in my life and in the lives of many others, writing checks were a frequent activity. However, after the onset of the Internet and doing transactions over the web my check writing activities dwindled further and further until it has reached ZERO except for the few times...
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119th CONGRESS 2d Session H. R. 8007 To amend the Commodity Exchange Act to reduce systemic risk while increasing geographical diversity and competition with respect to depositories for the storage of precious metals, and for other purposes. IN THE HOUSE OF REPRESENTATIVES March 19, 2026 Mr. Fulcher (for himself and Mr. Harris of North Carolina) introduced the following bill; which was referred to the Committee on Agriculture A BILL To amend the Commodity Exchange Act to reduce systemic risk while increasing geographical diversity and competition with respect to depositories for the storage of precious metals, and for other purposes. Be...
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Greece is ushering in a significant overhaul of its rental system, with new legislation set to eliminate cash rent payments entirely and move all transactions into the banking system. From April 1, 2026, tenants across the country will be required to pay rent exclusively through electronic means, in a move designed to improve transparency, combat undeclared income, and bring the housing market in line with modern financial practices. End of cash-in-hand rent The new rules mean that cash payments between tenants and landlords will no longer be legally recognised under any circumstances. Whether renting a city apartment, a holiday home,...
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Pakistan says it has arrested a key suspect in the bombings of two US embassies in East Africa in 1998. He has been named as Ahmed Khalfan Ghailani, an al-Qaeda militant who has a $5m American bounty on his head. Pakistan Interior Minister Makhdoom Faisal Saleh Hayat said the Tanzanian was captured during a raid in a small town in central Pakistan on Sunday. Mr Ghailani was held with at least a dozen others after a shoot-out lasting several hours, the minister said. His Uzbek wife and two South African nationals were among those arrested with him, Mr Hayat added....
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After announcing a 2029 target for migration to post-quantum cryptography (PQC), Google issues a new warning that a quantum system could attack a Bitcoin (BTC) transaction in about nine minutes. The tech giant warned it won't happen today but it's a possibility one should be prepared for sooner than later. Understanding quantum threat to cryptocurrency Cryptocurrencies are virtual currencies that rely on cryptography to encrypt or conceal sensitive financial details from those other than transacting parties. Though the most powerful supercomputers active today will take thousands of years to decrypt cryptography, the cryptocurrency community fears quantum computers will be able...
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At 6:30 p.m. on Sept. 14, Ana Belen Montes, a senior analyst at the Defense Intelligence Agency (DIA), walked into a public telephone booth outside Washington's National Zoo and made two calls to pager numbers later traced by federal agents to Cuba's Directorate of General Intelligence (DGI). She already had compromised the identities of CIA agents, revealed U.S. military secrets and exposed the contents of classified files. But, as Montes sent repeated signals to her DGI handlers during the days immediately following the Sept. 11 terrorist attacks on the Pentagon and the twin towers of the World Trade Center, the ...
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I’m reluctant to post a video as the average Freeper will respond with an angry, “I don’t watch videos!!!” Sometimes with an excess amount of exclamation points. More than three indicates you’re on the verge of smashing your head into the keyboard until it bleeds. This video is the most in-depth explanation of the world economic system, dollar hegemony and why we can’t reduce the deficit and why that won’t hurt the value of the dollar. It discusses the impact of American debt on the hollowing of industrial capacity and the impact on wages and lifestyle. We really can’t discuss...
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President Donald Trump is adding his name to U.S. dollar bills, the first time a sitting president’s signature will go on paper currency, the Treasury Department announced Thursday. Trump’s signature will go on the bills in honor of the country’s 250th anniversary, the Treasury said. Historically, paper currency carries the signatures of the treasury secretary and the treasurer. “The President’s mark on history as the architect of America’s Golden Age economic revival is undeniable," Treasury Secretary Scott Bessent said in a statement. "Printing his signature on the American currency is not only appropriate, but also well deserved.” U.S. paper currency...
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U.S. dollar bills will bear President Donald Trump's signature to mark the 250th anniversary of American independence, the Treasury Department said, a first for a sitting president. Trump's signature will be placed on all U.S. paper currency and will replace the Treasurer of the United States' signature on U.S. money for the first time in 165 years. Treasury Secretary Scott Bessent said the move will recognize the Trump administration's "historic achievements."
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Iran has introduced its highest-ever denomination banknote, a 10 million rial note—as war and economic turmoil push its financial system into deeper distress. Why Iran launched the new note The move comes amid: Soaring inflation A sharply depreciating currency Rising fears of financial system instability The new note, worth roughly $7, is already in circulation as long queues form at ATMs, many of which are running dry. Authorities say the rollout is meant to “ensure public access to cash,” even as digital payments remain officially encouraged. Currency collapse and inflation shock Iran’s rial has plunged to around 1.6 million per...
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No matter how far liberals sink, we can always count on them to explore new depths of pettiness. For instance, leave it to liberals to grouse about a modest and historically appropriate change to a commemorative coin now in circulation. Then, leave it to those same liberals to blame President Donald Trump for the design when, in fact, the change occurred during the final months of former President Joe Biden's administration. […] … (L)iberals have speculated that the removal of the peace-signifying olive branch symbolizes Trump’s bellicosity. […] As usual, however, the liberals got it wrong. In fact, the Citizens...
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Months after the last of the United States' 1-cent coins were pressed, some states are beginning to offer their own 2 cents on the penny problem by setting rounding guidance for cash purchases. President Donald Trump announced early last year an end to penny production, saying it was wasteful. It cost 3.7 cents to make each 1-cent coin in 2024, according to the U.S. Mint. The move led to a shortage of pennies in cash registers last summer, forcing consumers and businesses to confront a penniless future in which making exact change would be difficult. The Treasury Department has said...
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"Foundation For Freedom Online" founder Mike Benz tells Benny Johnson that the best way to understand both Jeffrey Epstein's criminal network and bitcoin is as methods for money laundering used by and for intelligence agencies. "If Venezuelan counterintelligence sees money hit your bank account from a U.S. source or a U.S. bank, they treat it as a CIA intervention and arrest anyone who receives it," Benz explained. "So what the mystery U.S. government agency came up with was the idea to use stablecoins — the undergirding architecture of Bitcoin — to launder money into Venezuela without the Venezuelan government being...
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Latest commentary details ambitions for ‘powerful currency’ to play a greater role in trade and forex. .....Xi Jinping has called for the renminbi to become a global reserve currency, in some of his clearest comments on his ambitions for China’s currency as Beijing seeks to play a greater role in the international The publication of Xi’s comments comes amid heightened uncertainty in global markets as a weaker US dollar — which President Donald Trump last week called a “great” development — a change in leadership of the Federal Reserve and geopolitical and trade tensions have prompted central banks to rethink...
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Strategy, the company that invented the digital asset treasury playbook, disclosed a fresh Bitcoin buy even as crypto prices slumped amid a broader market drawdown.
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Last year might have proved a good time to own shares in the chip-maker Nvidia, along with the booming American tech giants. Or a piece of the defence manufacturers as the world re-arms. Or to hold a position in some of the rapidly growing economies of South America or Asia, or even one of the hyped-up crypto currencies. There were plenty of places investors expected to make money over the past year. As it turned out, however, there was one asset that outpaced them all, even though it generates no income: gold, and to an even greater extent, its junior...
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The International Monetary Fund is preparing for the possibility of a rapid sell-off of U.S. dollar-denominated assets, its managing director, Kristalina Georgieva, said today. "At the fund, one muscle that we are building is our ability to hypothetically present scenarios of unthinkable events and then figure out what to do," Georgieva said at an event hosted by Bruegel, a Brussels-based think-tank. Asked whether the scenarios include a potential run on dollar assets, Georgieva said the fund runs "all kinds of scenarios" and that it was examining the issue as part of its ongoing analysis. Her comments come as Donald Trump's...
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