#ustreasury — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #ustreasury, aggregated by home.social.
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This bit of news doesn't seem to be getting much attention today, but reading the background and details it's obvious that by eliminating this reporting rule #Trump and #Bessent are ensuring the names of those who benefit from corporate financial crimes remain secret.
For background:
"The Corporate Transparency Act (CTA) was enacted in 2021 to combat illicit activity including tax fraud, money laundering, and financing for terrorism by capturing more ownership information for specific U.S. businesses operating in or accessing the country’s market. Under the new legislation, businesses that meet certain criteria must submit a Beneficial Ownership Information (BOI) Report to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). This report provides details identifying individuals who are associated with the reporting company. The CTA was established to prevent individuals with malicious intent from hiding or benefitting from the ownership of their U.S. entities to facilitate illegal operations which, according to Congress, is a widely-used tactic that affects national security and economic integrity."
Yesterday the #USTreasury Dept under #Bessent, formally finalized the permanent elimination of the reporting rule and will delete previously reported info. While info re: foreign individuals will still be required, it shields US individuals.
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US Targets Shelbit in $6bn Crypto Sanctions Crackdown
The US Treasury Department has cracked down on crypto sanctions, targeting Shelbit, a shadowy crypto conduit, and its founder Siavash Kayvanpour in a $6bn blow to Iran's financial apparatus. This move underscores the Treasury's determination to disrupt Tehran's reliance on digital assets and secret banking networks.
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“Wall Street sells stocks and bonds, but what it really peddles is hope”*…
sourceOver the last several decades retail investors had been eclipsed in the stock market by institutions (e.g., pension funds). But COVID and the economic environment that surrounded started a trend that is reversing that polarity. Retail investors now account for roughly 30% of daily US equity volume, according to Goldman Sachs. Their stock trading in May of this year ran 10% above the previous record, set during the January 2021 meme-stock frenzy, and June set another all time high.
Much of that growth has come from the individuals known as day traders.” And while for the last 18 months or so, institutional investors have been cautious, often underweight, under-levered and short of conviction, these active amateurs in the retail crowd did the opposite, buying the dips, riding momentum strategies, and adding leverage. Retail investors tend to follow the herd, as can be seen in the surge in popularity – and valuations – of meme stocks and artificial intelligence stocks in recent years.
While historical performance is no guarantee of future results, history is not encouraging. The most “generous” reputable study your correspondent could find suggested that roughly 20% of day traders were at least marginally profitable; the balance lost money. Other studies suggest that 95-97% of all day traders lose money.
But as Simone Foxman reports, money is not all that they lose…
Surging retail trading isn’t just transforming markets; it’s also highly correlated with demoralization in young men, according to a new study.
One-quarter of men aged 18-29 said they trade stocks daily, and almost two-thirds of them (64%) report feeling like failures, according to a study of 2,000 men published Wednesday by the Institute for Family Studies, a pro-marriage think tank. The findings were strikingly similar to outcomes among men who gamble: Of the 23% of young men who said they gambled daily, including on sports and events, 66% reported similar angst, according to survey, which asked the young men a variety of questions about their personal behaviors and outlooks. Daily fantasy sports and pornography use were similarly correlated to feelings of failure, the survey found.
The struggles of young men are generating growing alarm among academics, pundits and billionaires. They warn that men are lagging in education and employment, gambling with their financial health on sports or event betting platforms and facing mental health crises.
At the same time, the line between gambling and investing has been blurred. Stock volumes from retail investors have doubled over the past 15 years, and day traders have driven record options volume. Now platforms like Robinhood Markets Inc. and Interactive Brokers Group are trying to capitalize on interest from Gen Z by also offering event-betting alongside stock-trading.
Some research suggests young people have embraced risky financial behaviors to try to generate returns in a world where homeownership and other markers of financial success are out of reach. Eighty percent of Gen Z investors said they’d invested or considered investing in stocks, options, crypto or prediction markets because they feel financially behind and see these investments as better tools to meet their financial goals, according to a Northwestern Mutual study.
The IFS researchers hypothesized that day trading, gambling, playing fantasy sports and porn use — among other activities — may be both coping mechanisms for dejection, stress and loneliness and also exacerbate them. Young men who engaged in these activities less than daily were about half as likely to report feelings of demoralization.
Overall, 42% of survey respondents said the statement “all in all, I am inclined to think that I am a failure,” described them very or somewhat well. This feeling was particularly strong among men without college degrees and those who were neither employed nor in school.
A quarter of participants said they felt lonely all of the time, while 30% expressed feeling that way some of the time.
The study also found disillusionment with the American dream, even as young men fostered high hopes for the future. Seven in ten respondents said that success is more a matter of who you know than ability or hard work, but 84% still said they had ambitious plans for their futures.
Further to the passing reference to “event-betting” above, we should note that prediction markets, while smaller than retail investing (at least for now), are growing explosively. Like day-trading, prediction markets are pitched in the language of empowerment and democratization. The former involves stocks and bonds, while the latter sells “event contracts“; but they share the same user base, the same psychological architecture, and the same uncomfortable gap between how they are marketed and what they actually deliver… so seem likely to contribute to the issues unpacked above.
Risky business: “Some 64% of Young Men Day Trading Stocks Feel Like Failures” (or here) from @simonefoxman.bsky.social in @bloomberg.com.
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As we parse symptoms and diseases, we might recall that it was on this date in 1966 that the U.S. Treasury Department, citing a lack of demand, ceased production of the $2 bill, which had been around in various forms since 1862. The (redesigned) denomination, featuring a portrait of Thomas Jefferson, was reintroduced in 1976… though readers will be forgiven if they mistakenly thought that “the deuce” was still retired: so few are in circulation that they are rarely encountered.
The first $2 bill, a Legal Tender Note (United States Note) with a portrait of Alexander Hamilton in profile view- in contrast to the familiar portrait in use on the $10 bill since 1928 (source) #addiction #AlexanderHamilton #culture #currency #dayTrading #Depression #finance #history #investment #loneliness #predictionMarkets #Psychology #retailInvesting #stocks #ThomasJefferson #twoDollarBill #USTreasury -
US Treasury Sanctions Two Iranian Crypto Exchanges Over IRGC Money Laundering
The US Treasury sanctioned two Iranian digital asset exchanges, Shelbit and Aban Tether, along with network operator Siavash…
#NewsBeep #News #BreakingNews #AbanTether #breakingnews #cryptoexchange #Iran #Iransanctions #OFAC #revolutionaryguard #ShelbitExchange #SiavashKayvanpour #TheOfficeofForeignAssetsControl #ustreasury
https://www.newsbeep.com/683303/ -
US Treasury yields sink following jobs report
https://www.breakingthenews.net/Article/US-Treasury-yields-sink-following-jobs-report/66878974
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Tehran stands to gain billions of dollars from a U.S. sanctions reprieve announced Monday, but unwinding more than four decades of restrictions poses legal, political and commercial challenges that could take years. https://www.japantimes.co.jp/news/2026/06/23/world/politics/unwinding-iran-sanctions/?utm_medium=Social&utm_source=mastodon #worldnews #politics #iran #sanctions #ustreasury
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Gee #ww2 cost as much to win as #ww3 costs to lose! #strongsell #zioUSD #USdollar #UStreasury #endAmerica #AIbubble
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RE: https://ioc.exchange/@peterrenshaw/116666076687084066
Right. "Risky" and bigly expensive.
Not to mention the scientific challenge of avoiding nuclear disaster on the launch pad or in distant space. Anyway...Here's the plan. Where the money will come from, if it is indeed NASA, will be "interesting" and the challenges by Musk, China, et al - Bezos one notch lower now - all chasing the money &/or goals.
Of course there may be no need to worry, depending on the outcome of the #TrumpVirus #war (s) and the looting of #USTreasury 'til it's bone dry.
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Times of India | US Treasury reaches $275 million settlement with Adani Enterprises over Iran sanctions violations
AI generated summary, Read the full article for complete information.
The U.S. Treasury Department announced a $275 million settlement with Adani Enterprises over the company’s alleged civil liability for 32 violations of U.S. sanctions on Iran, after the Office of Foreign Assets Control determined that Adani had purchased liquefied petroleum gas from a Dubai‑based trader that claimed the gas was Omani and Iraqi but actually originated in Iran; the settlement comes amid a broader series of U.S. legal actions against billionaire Gautam Adani, including a separate SEC civil suit over an alleged bribery scheme and the near‑dropping of related criminal fraud charges, while the conglomerate has pledged to invest $10 billion in the U.S. economy.
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Análisis: "Los funcionarios del Tesoro en Estados Unidos consultaron con Jeffrey Epstein sobre el uso de criptomonedas durante las negociaciones con Irán sobre el acuerdo nuclear".
"Epstein tenía estrechos lazos con figuras poderosas en el gobierno de los Estados Unidos, los Emiratos Árabes Unidos e Israel".
Los vínculos se remontan a los esfuerzos de Obama para hacer un acuerdo nuclear con Irán.
Epstein ayudó al Tesoro a comprender el papel emergente del Bitcoin en la "financiación del terrorismo y la evasión de las sanciones económicas de Estados Unidos".
Fuente: Drop Site News 8 de mayo
#USPol #Epstein #Irán #noticias #USTreasury #EUPol #estadosunidos #bitcoin
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US Treasury is now accepting Pay Pal and Venmo donations to pay down the national debt. A program of voluntary donations was created in 1961.
Obviously, donations amount to less than a drop in a bucket. Trump and a republican congress spend like drunken sailors, adding $225 TRILLION to our debt in one year.
"Donations average roughly $120,000 a month against a $39 trillion total. Interest payments alone run near $88 billion a month, dwarfing any voluntary inflow."
#nationaldebt
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Sunday, April 26, 2026
Reporter’s notebook: Inside Ukraine’s nuclear plants at war -- Fire reported at Yaroslavl oil refinery as Ukrainian drones strike several Russian regions, target occupied Crimea -- Are we safe from another Chornobyl? -- Russia has lost 1,324,690 troops in Ukraine since Feb. 24, 2022 ... and morehttps://activitypub.writeworks.uk/2026/04/sunday-april-26-2026/
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Trump's $1 Million Gold Card Shows Minimal Financial Impact on U.S. Treasury
📰 Original title: Trump's $1m 'gold card' is yet to pay dividends to US Treasury
🤖 IA: It's clickbait ⚠️
👥 Usuarios: It's clickbait ⚠️View full AI summary: https://killbait.com/en/trumps-1-million-gold-card-shows-minimal-financial-impact-on-u-s-treasury/?redirpost=49820d67-050a-432d-8c9e-a58883b3579b
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RE: https://mastodon.social/@adamsaidsomething/116429020102475959
The Art Of The Deal!
Master deal maker Donald Trump shows us how any body can negotiate a publicly funded multi billion dollar payout for himself with just some business negotiation skills, possession of the highest public office, and lawyers on both sides of the negotiating table
#uspol #trump #IRS #DOJ #ustreasury #uslaw #negotiations #grift #impeach #POTUS #tax #corruption #artofthedeal
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LIVE: Treasury Secretary Bessent discusses global finance
U.S. Treasury Secretary Scott Bessent discusses global finance at an event hosted by the Institute of International Finance in Washington D.C. #USTreasury #Finance #Global #IIF #WashingtonDC #Economics #ScottBessent #live #Reuters #News Keep up with the latest news from around the world:
https://fllics.com/en/video/live-treasury-secretary-bessent-discusses-global-finance/
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Are they fucking out of their minds??
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The meeting video uploaded by a member of the committee after it was removed from the U.S. Mint's website.
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Most people here in the U.S. still refuse to understand and accept the true nature and full extent of the unbridled evil we face regardless of the clearly and explicitly stated goals and actions.
Greed, power, and ego defines Trump, his entire administration, and everyone who enables, supports, or abides him.
#link: https://www.thehandbasket.co/p/mint-trump-gold-coin-ccac-video-removed