4 Secrets of the Truly Wealthy, According to Dave Ramsey

4 Secrets of the Truly Wealthy, According to Dave Ramsey

Caitlyn Moorhead  Wed, November 5, 2025   GOBankingRates

One of Dave Ramsey’s most consistent pieces of financial advice is that wealth-building isn’t necessarily tied to how much money you make, but rather how you manage what you have. Many people assume that earning a higher income automatically leads to wealth, but Ramsey points out that a disciplined approach to spending and saving is far more important.

Truly wealthy people live below their means and when they do spend money, they don’t advertise it. Essentially, saving consistently is more important than the size of your paycheck or what you splurge on. Known for his no-nonsense approach to personal finance, Ramsey has helped millions of people get out of debt and take control of their financial futures. But what separates those who simply earn a good living from the truly wealthy?

According to Ramsey, “When you quit worrying about what people think and you’re actually living life for you and your family — that causes you to make completely different purchases and live a completely different lifestyle.” Here are key principles that truly wealthy people understand and practice consistently.

They Don’t Dress To Impress

The wealthy don’t leave their financial futures to chance. They create a plan, stick to it and regularly review it, which doesn’t leave a lot of wiggle room for extravagant purchases like designer clothing. Think about some of the billionaires you see in the news — many aren’t dressing like a million bucks even though they have more than a billion bucks.

Ramsey would recommend taking baby steps toward building an emergency fund, paying off debt or investing for retirement well before you spend thousands of dollars on pants or shoes. The truly wealthy know where their money is going each month and it’s not hanging in their closet.

They Don’t Share Their Vacation Pictures

Ramsey is a strong advocate for long-term investing and wealth-building strategies. However, once someone has grown their wealth to be in a place where they are considered rich, they tend not to advertise how much they have or are spending.

TO READ MORE:  https://www.yahoo.com/finance/news/4-secrets-truly-wealthy-according-110551464.html

FRANK26….11-6-25….ANOTHER BANK STORY

KTFA

Thursday Night Video

FRANK26….11-6-25….ANOTHER BANK STORY

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=e7DBZ_otktc

The End of Dollar Dominance? Gold, the Dollar, and the New Global Order

The End of Dollar Dominance? Gold, the Dollar, and the New Global Order

APMEX:  11-6-2025

The world of finance is changing fast. Geopolitical tremors, central bank maneuvering, and the digital revolution are all reshaping how we define value and stability. So, when the world’s oldest mint talks about the future of gold and the US dollar, it’s worth paying attention.

Recently, APMEX Market Pulse hosted a fascinating discussion between host Brad Elliot and Mark Schwarz from Monnaie de Paris, the venerable French institution with a 12-century history. This interview offered deep insights into market dynamics, geopolitical strategy, and why gold is currently shining so bright.

Monnaie de Paris is not just old; it is an economic institution. As the oldest operating mint in the world, its history is intertwined with the foundational concepts of currency and, crucially, bullion.

Mark Schwarz emphasized this heritage, noting France’s pivotal role in establishing the very idea of bullion standards. The mint is now set to re-engage with this legacy by launching a new bullion product, offering a tangible link to centuries of monetary stability. This move underscores a global trend: as monetary systems evolve, the foundational asset of gold remains indispensable.

Schwarz’s book, The New Currency War, provided the framework for understanding today’s complex financial battlefield. This war is no longer just about competitive devaluation—it’s about outright currency dominance.

Mark highlighted that the competition is now multifaceted, involving not just traditional fiat currencies, but also the emerging rivalry between state-backed Central Bank Digital Currencies (CBDCs) and private digital stablecoins. The race to define the next monetary architecture is officially on.

Perhaps the most compelling part of the discussion addressed gold’s impressive recent performance. Conventional wisdom suggests that with relatively low US unemployment and only moderate inflation, gold—often viewed as an inflation hedge or safe retreat—should be languishing.

Mark Schwarz offered a decisive counter-argument: Gold’s rise is primarily driven by geopolitics, not simple US economic indicators.

The interview delved into the paradoxical nature of the US dollar’s dominance. Mark explained the concept of “dollarization,” noting that the dollar’s role in global trade and reserves far outweighs the US economy’s share of global GDP.

This dominance, a vestige of the post-WWII Bretton Woods system, is increasingly being challenged. Geopolitical tensions, particularly sanctions, have spurred central banks—especially in emerging economies—to strategically diversify their reserves. They are moving into assets like gold and the Euro, hedging against financial risk and geopolitical dependency.

Looking ahead, the discussion shifted to the future of money. While acknowledging the rapid growth and investment significance of cryptocurrencies, Mark clarified that their high volatility still prevents them from being true viable currencies.

However, the future is undeniably digital. Schwarz emphasized the promise of stablecoins and, more significantly, Central Bank Digital Currencies (CBDCs) as the next frontier in monetary evolution. These digital forms offer the potential for faster, more efficient transactions while maintaining stability.

The conversation wrapped up by addressing a common misconception: that recent regulatory changes, specifically Basel III, would spark a massive, artificial spike in gold prices.

Mark confirmed that gold’s classification as a Tier-One liquid asset is secure, reinforcing its stability and liquidity in the banking system. But he stressed that this classification is an affirmation of gold’s status, not a trigger for immediate, massive price hikes. Gold doesn’t need regulatory loopholes to prove its value.

Mark Schwarz’s final advice to investors was clear and pragmatic: view gold as a long-term, stable component of a balanced portfolio.

Gold has a 12-century history of retaining value, and in today’s turbulent financial landscape defined by geopolitical uncertainty and a fragmenting monetary order, its role as a strategic, stable asset is more vital than ever.

It is not a speculative tool for getting rich quickly, but a cornerstone for preserving wealth slowly and securely.

To delve deeper into the insights from Monnaie de Paris and APMEX Market Pulse, be sure to watch the full video of this illuminating interview.

https://youtu.be/Arv63raOFNA

Seeds of Wisdom RV and Economics Updates Thursday Afternoon 11-6-25

Good Afternoon Dinar Recaps,

The Golden Barometer: Why Safe-Haven Demand Signals a Monetary Transition

Gold rallies above $3,980 / oz as confidence in fiat softens.

Context

Investors are returning to metals as global equities wobble.

• Gold rose > 1% to ~$3,983 / oz.

• Silver tracked higher amid festival demand in India and a weaker U.S. dollar.

Analysis

• Persistent gold strength despite stable growth signals currency distrust.

• BRICS central banks continue steady accumulation, hinting at reserve realignment.

• The gold-to-digital bridge — tokenized bullion or gold-backed stablecoins — is gaining institutional interest.

Implications

• Metals could become the collateral base of a future hybrid monetary regime.

• As CBDCs expand, asset-anchored trust mechanisms will be vital for legitimacy.

• Gold may transition from hedge to foundation of a rebalanced global system.

This is not just politics — it’s global finance restructuring before our eyes.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources:

• Business Today — Gold and silver prices inch higher on safe-haven rush

• Times of India — Gold and silver price outlook for November 2025

~~~~~~~~~

Dollar Dominance Tested: Are FX Markets Preparing for a Digital Transition?

The U.S. dollar remains firm — but central banks are building exits.

Context

• The U.S. dollar traded near multi-month highs as strong employment data lifted Treasury yields.

• Yet, major analysts caution the move may be overextended, while Asian policymakers express concern over currency volatility linked to speculative AI-driven flows.

Analysis

• Dollar strength now reflects yield differentials more than global trust.

• Emerging nations are expanding bilateral settlement in local currencies.

• Digital infrastructure (BRICS Pay, e-CNY, digital ruble) bypasses traditional clearing systems.

• The next FX battleground will be interoperability, not rate policy.

Implications

• Expect the formation of multi-currency digital baskets resembling a modern SDR.

• Reserve diversification could erode dollar primacy within a decade.

• The future of FX may lie in tokenized settlement units, enabling real-time cross-border trade and forming the core of the next monetary order.

This is not just politics — it’s global finance restructuring before our eyes.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources:

• Reuters — Safe-haven yen, dollar shine amid sell-off in stocks

• ING Think — FX Daily: Dollar rally looking tired

~~~~~~~~~

BRICS GDP Growth Surges as G7 Economies Stall — A Structural Shift in Global Power

Emerging market momentum reveals the early architecture of a new financial order.

Context

The BRICS bloc (Brazil, Russia, India, China, South Africa) is now expanding at more than three times the pace of the G7 economies, marking one of the sharpest growth divergences in modern history.

According to IMF projections:

• BRICS GDP is expected to grow 3.8% in 2025 and 3.7% in 2026.

• G7 growth is forecast at just 1.0% in 2025 and 1.2% in 2026.

This rapid acceleration in BRICS economic output is being powered by:

• Strong domestic demand in India (6.6%) and China (4.8%).

• Expanding trade corridors across Asia, Africa, and Latin America.

• Rising investment in infrastructure, energy, and digital payments.

By 2025, BRICS nations are projected to represent 41% of global GDP by purchasing power parity, compared to just 30% two decades ago — a dramatic rebalancing of economic gravity.

Analysis

The divergence between emerging dynamism and developed stagnation reflects deeper structural realities:

• Demographics: BRICS nations benefit from younger, growing populations, while G7 economies face aging workforces and shrinking labor pools.

• Debt burden: Western nations carry historically high sovereign debt levels that constrain fiscal flexibility.

• Trade diversification: BRICS economies are redirecting trade away from Western dependence, building south-south linkages and local-currency settlement.

• Institutional independence: The bloc’s development banks and digital payment systems are designed to operate outside of Western-controlled financial mechanisms.

Analysts like Rodrigo Cezar of the Getulio Vargas Foundation note that BRICS’ heterogeneity — differences in geography, trade exposure, and policy models — actually enhances resilience by allowing the bloc to absorb shocks that would cripple more homogenous Western systems.

At the 17th BRICS Summit in Rio de Janeiro, member nations signed a Joint Declaration of 126 commitments, ranging from financial reform to technology cooperation. The emphasis was on reforming international financial architecture — signaling that this growth divergence is as political as it is economic.

Implications

• End of unipolar economics: The G7’s low growth and debt saturation have eroded its claim to set global financial rules. BRICS’ expansion signals a redistribution of economic sovereignty.

• Shift in monetary leadership: As BRICS economies scale, they are preparing for deeper integration through cross-border settlement networks and shared reserve frameworks, paving the way for alternative reserve currencies.

• Restructuring of global governance: Emerging nations, emboldened by economic strength, are demanding voting reforms in the IMF, World Bank, and UN systems — essential to any future reset of financial order.

• Prelude to a new system: Sustained BRICS momentum could catalyze a dual-financial architecture — one Western, one multipolar — before an eventual convergence into a new digital, asset-backed, globally balanced system.

This is not just politics — it’s global finance restructuring before our eyes.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Source:   Watcher.Guru – BRICS GDP Expands Three Times Quicker as G7 Growth Slows

~~~~~~~~~

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Is the Fed's $125B Injection a Mistake? Ron Paul Says ‘Maybe Their Strategy is to Cause Chaos’

Is the Fed's $125B Injection a Mistake? Ron Paul Says ‘Maybe Their Strategy is to Cause Chaos’

Kitco News:  11-5-2025

The U.S. economy is in a "Great Contradiction" as the Federal Reserve injects $125 billion while the White House blames it for a "housing recession."

Dr. Ron Paul, former U.S. Congressman and Host of ‪@RonPaulLibertyReport argues these are not accidents, but signs of a system that is "totally bankrupt."

He explains why the Fed's strategy "is to cause chaos" and warns that Americans "should be on our toes for something very, very big to happen."

 Paul also shares his thoughts on the recent elections, calling the new NYC mayor a "communist" funded by "trillionaires."

 He provides a shocking "insider" claim from his time in Congress, where he was told the Constitution is "anachronistic" and "we don't even follow that."

Warning of an inevitable financial crisis from the $1.9T deficit, Paul explains the debt will be "paid off with funny money" and that $4,000 gold is "not the golden age," but a warning sign.

 Watch this must-see interview to hear Ron Paul’s unfiltered take on the Federal Reserve's "chaos" strategy, the "debt spiral," and the constitutional crisis at the Supreme Court.

Don’t miss Paul’s bold insights into what’s next for the U.S. economy and the future of gold.

0:00 - Intro: Fed's $125B Injection vs. "Housing Recession"

 1:06 - Dr. Ron Paul: Fed's Strategy is to "Cause Chaos"

4:15 - Why the McDonald's CEO Sees a "K-Shaped Recession"

 6:29 - The $1.9T Deficit: Is the U.S. in a "Debt Spiral"?

8:25 - Ron Paul: "80% of Government is Non-Essential"

10:56 - Ron Paul: "Trillionaires... Probably Sent Money to That Communist"

14:03 - Why "Cultural Marxism's Goal is Chaos"

19:35 - Supreme Court Hears Case on Presidential Tariff Powers

21:50 - Ron Paul: "Congress Told Me the Constitution is Anachronistic"

 24:08 - "Empire First": Connecting Foreign Policy to U.S. Debt

 27:23 - Inflation is a "Transfer of Wealth," Creating "Two-Tiered System"

 30:44 - The Fort Knox Gold Audit: "My Guess is... We Don't Own It"

 33:20 - Is Dr. Judy Shelton's Gold-Backed Bond a Real Solution?

36:40 - "Empires Are Built By Lies"

39:12 - Dr. Paul's Final Warning to the Next Generation

40:27 - Conclusion

https://www.youtube.com/watch?v=j4GQgXh2fs8

News, Rumors and Opinions Thursday 11-6-2025

KTFA:

Clare: Al-Shibli: The Central Bank Governor has failed to control the currency market.

11/6/2025  – Baghdad

Member of the Finance Committee, Nazim al-Shibli, asserted that the performance of the Central Bank Governor raises many questions, indicating his failure to manage the country's monetary policy. This, he stated, has allowed currency smuggling rings to operate freely. 

Al-Shibli said, "The current monetary policy has not achieved the required stability; rather, it has contributed to deepening the economic crisis plaguing Iraq."

He added, "The absence of strict oversight of Iraq's financial affairs has opened the door for currency smuggling rings to operate abroad, which has negatively impacted the local market and the value of the dinar." 

He explained that "the continuation of this situation threatens the country's economic security and exacerbates the suffering of citizens, necessitating urgent and decisive measures to stop the drain on hard currency and regulate the markets."LINK

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Clare:  The Center for Banking Studies is organizing a workshop on digital transformation in banking.

November 06, 2025

The Banking Studies Center organized a training workshop entitled “Digital Transformation in Electronic Banking and Financial Services”, with the participation of a number of employees of banks and financial institutions.

The workshop aims to raise the efficiency of participants in the areas of digital transformation, and to introduce the latest applications and technologies adopted in electronic financial services, in order to contribute to the development of banking performance and the expansion of the use of modern digital solutions.

It is worth noting that organizing this workshop comes within the framework of the annual training program aimed at supporting digital transformation in the Iraqi banking sector, in line with the strategic directions towards enhancing financial inclusion and improving the quality of services provided to citizens.

https://cbi.iq/news/view/3041

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

Walkingstick  The budget of '26 was voted on in '25.  We will see the new exchange rate in the '26 budget and in the '25 budget.  You haven't seen the '25 budget because they don't want you to see it.  It's that simple.  Why?  Because it has a new rate.

Frank26   All Middle East currencies in the basket with Iraq are counting on the Iraqi dinar to elevate them to the next level.  As the dinar grows to the real effective exchange rate it will affect them as well.  It is a win-win situation.  It is no longer parasitical.  Both currencies, the dinar and Kuwait [dinar] have a common goal and that is to profit together. 

Fnu Lnu    I have been told that we will see a rate ranging from a possible $3.80 +- .   On the upscale, they could sustain a $4.80 with ease but should test the waters first. At any rate, they would likely come out as the premier currency of the world and higher than Kuwait.  Iraq will be in need of monstrous amounts of infrastructure supplies which they will import...These supplies are very expensive so they will want the Dinar as strong as reasonably possible. They have paid off almost all of their foreign debt so the need for a cheap Dinar is gone and they are not an export country except for oil and OPEC requires that oil be sold and bought in USD. 

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NEW YORK Banks Panic, Michael Burrys Biggest Bet, Trump, Tarriffs, China, Debt Crisis & More

Michael Cowan:  11-5-2025

Nobody Is Covering The Biggest Story From The FED Meeting Today!

BRICS PANICS As Dollar Becomes King Again

Governments Around The Would Are Collapsing All At Once...

We've Been lied To

Our Way of Life Is About To Change forever

https://www.youtube.com/watch?v=ow4MjKPoEuk

Seeds of Wisdom RV and Economics Updates Thursday Morning 11-6-25

Good Morning Dinar Recaps,

Three Bubbles, One Warning: Debt, Tech, and Crypto at the Core of the Next Global Reset

WEF’s latest alarm reveals cracks across sovereign finance and digital speculation.

Context

The World Economic Forum’s President, Børge Brende, warned of three converging bubbles:

• Sovereign debt, now at record highs since WWII.

• Cryptocurrencies, still detached from intrinsic value.

• AI-driven tech valuations, inflated by speculative capital.

Each of these sectors is interlinked — sovereign debt underwrites tech expansion, while speculative profits from tech and crypto feed liquidity back into bond and equity markets.

Analysis

This triangle of leverage highlights a new kind of systemic fragility:

• Debt dependency: Public and private debt is now the lifeblood of market liquidity.

• Speculative synchronization: All three bubbles move together, amplifying risk.

• Central bank dilemma: Tightening rates pricks the bubbles; easing inflates them.

Finance is no longer cyclical — it’s structurally synchronized, meaning shocks in one corner (e.g., crypto collapse) could cascade across sovereign debt and equities simultaneously.

Implications

• A coordinated debt restructuring may soon emerge to stabilize governments.

• This process could open the door to digital or asset-backed reserve currencies.

• Central banks’ CBDC programs are a pre-emptive architecture for that transition.

• The “reset” could institutionalize programmable liquidity and real-time settlement.

This is not just politics — it’s global finance restructuring before our eyes.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources:

• Reuters — World Economic Forum chief warns of three possible bubbles

• Modern Diplomacy — Finance at War: How Conflict Redefines the Global Economy

~~~~~~~~~

From Sanctions to Climate: How Economic Diplomacy Is Redefining Global Power

Traditional alliances give way to climate and cyber-finance blocs.

Context

Diplomacy is now expressed in financial and technological terms more than military ones.

• The Baku-to-Belém Roadmap outlines $1.3 trillion per year in climate funding by 2035.

• North Korea protested new U.S. cyber-finance sanctions, calling them “acts of war.”

Analysis

• Climate finance is becoming a mechanism of global influence — controlling the flow of funds dictates policy alignment.

• Cyber-sanctions merge the worlds of banking and national security, expanding economic control tools.

• A new “dual diplomacy” is forming: one driven by Western sustainability frameworks, the other by BRICS and digital trade corridors.

This shift transforms finance into a diplomatic weapon and alliance-builder, blurring the line between aid and leverage.

Implications

• Expect the rise of climate-currency zones, where lending depends on emissions compliance.

• Parallel sanctions-resistant systems (BRICS Pay, digital ruble/yuan) will mature.

• These rival frameworks could converge into a multilateral settlement protocol, replacing SWIFT.

This is not just politics — it’s global finance restructuring before our eyes.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources:

• E3G — The Baku-to-Belém Roadmap to $1.3 T a Year

• AP News — North Korea slams US sanctions on cybercrimes

~~~~~~~~~

Tech’s Thin Ice: When AI Valuations Collide With Sovereign Fragility

Global equities rebound, but systemic risk hides beneath the surface.

Context

• After sharp corrections, Asian and U.S. markets bounced on stronger-than-expected data.

• Yet analysts warn the rally is narrow — driven mostly by AI-linked mega-caps with extreme valuations.

• Analysis

• AI speculation dominates index performance, masking broader market weakness.

• Sovereign fragility is amplified by market dependence on debt-financed stimulus.

• Public spending sustains asset prices — creating “policy-engineered optimism.”

• Should fiscal tightening resume, the “AI premium” could trigger cascading deleveraging.

Implications

• The next correction could reset global valuation metrics, not just prices.

• A shift toward tokenized and collateral-backed instruments may emerge.

• Governments could increasingly use equity markets as economic stabilizers, intertwining fiscal and financial systems in preparation for a new monetary structure.

This is not just politics — it’s global finance restructuring before our eyes.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources:

• Reuters — Asia shares bounce as upbeat US data soothes nerves

• The Guardian — China ends tariffs on U.S. imports; market update

~~~~~~~~~

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Elon Musk Warns US Will Face ‘Day Of Reckoning’ For Its Debt With ‘No Way’ To Fix Issue

Elon Musk Warns US Will Face ‘Day Of Reckoning’ For Its Debt With ‘No Way’ To Fix Issue

 How To Shockproof Your Nest Egg

Jing Pan   Wed, November 5, 2025   Moneywise

America’s ballooning debt burden has become impossible to ignore — and Tesla CEO Elon Musk, who took a stab at tackling government waste earlier this year, is sounding the alarm again.

On a recent episode of “The Joe Rogan Experience” podcast, Musk outlined what he believes is — and isn’t — possible when it comes to fixing the U.S. national debt crisis.  “You can make it directionally better, but ultimately you can't fully fix the system,” Musk said. “Unless you could go super draconian — like Genghis Khan level on cutting waste and fraud — which you can't really do in an aspirationally democratic country, then there's no way to solve the debt crisis.” (1)

Musk called the debt “insane” — and the numbers support his concern. U.S. federal debt has now surpassed $38 trillion and continues to climb.

But what really set off alarm bells for Musk wasn’t just the total — it was the cost of servicing it.

“The interest payments on the debt exceed our entire military budget … that was one of the wake up calls for me … this is crazy,” he said.

He’s not wrong. Treasury data shows the U.S. government spent $970 billion on net interest in fiscal year-to-date 2025 — more than the $917 billion spent on national defense.

Musk’s conclusion? Spending cuts alone won’t solve it.

“Even if you implement all these savings, you're only delaying the day of reckoning for when America goes bankrupt,” he said. “So I came to the conclusion that the only way to get us out of the debt crisis and to prevent America from going bankrupt is AI and robotics. We need to grow the economy at a rate that allows us to pay off our debt.”

Musk isn’t the only one sounding alarms over America’s debt — or, more specifically, the soaring interest costs tied to it. Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, has warned that the U.S. is heading toward a “debt death spiral,” where the government  must borrow simply to pay interest — a vicious cycle that feeds on itself.

But unlike Musk, Dalio doesn’t foresee a formal bankruptcy.

“There won't be a default — the central bank will come in and we'll print the money and buy it,” he said. “And that's where there's the depreciation of money.”

In other words, the government may never technically run out of dollars — but those dollars can lose value fast.

As the hosts of the “Words & Numbers” podcast put it: “Technically speaking, the government can’t go bankrupt because it only promised to hand over a certain number of dollars; it didn’t promise what the value of those dollars would be. (2)

Because the value of the dollars was never specified, the government can print enough to render the dollars nearly worthless. To the rest of us, the effect is the same as the government going bankrupt.”

Many economists share that concern: high debt levels can fuel inflation, eroding the dollar’s purchasing power — something Americans are already experiencing. (3) According to the Federal Reserve Bank of Minneapolis, $100 in 2025 has the same buying power as $12.05 did in 1970. (4)

The good news? Savvy investors have long found ways to protect their wealth — regardless of Washington’s fiscal missteps.

A safe-haven shines again

To shock-proof your investments, Dalio emphasized the value of diversification — and highlighted one time-tested asset in particular.

“People don't have, typically, an adequate amount of gold in their portfolio,” he said. “When bad times come, gold is a very effective diversifier.”

Gold is considered a go-to safe haven. It can’t be printed out of thin air like fiat money and because it’s not tied to any single country, currency or economy, investors flock to it during periods of economic turmoil or geopolitical uncertainty, driving up its value.

Dalio noted that central banks themselves are “acquiring gold now as a diversifier” — and says it’s “prudent” for individuals to consider allocating “somewhere between 10% or 15%” of their portfolios to the precious metal.

TO READ MORE:  https://www.yahoo.com/finance/news/elon-musk-warns-us-face-124300387.html

“Tidbits From TNT” Thursday Morning 11-6-2025

TNT:

Tishwash:  The Finance Committee determines the disbursement mechanism for the year 2026

The Parliamentary Finance Committee revealed today, Wednesday, the spending mechanism that the government will adopt in 2026.

Committee member Jamal Kojar told Al-Furat News Agency that: “The government will adopt the spending mechanism in 2026 according to Law 1/12 of 2024, as a result of the 2025 budget schedules not being approved yet.”

Kujer explained that "the exchange rate will remain the same," noting that "disbursement operations will be limited to expenses and the operating budget only."  link

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Tishwash: Sudanese advisor: Digital transformation has contributed to accelerating the completion of transactions

Hassan Al-Khatib, the Prime Minister’s Advisor for Artificial Intelligence and Communications, confirmed on Wednesday that the digital transformation has witnessed clear steps and contributed to accelerating the completion of transactions, while indicating that the market license will soon be converted to electronic .

Al-Khatib said in a statement to the official media, which was followed by "Mail", that "the digital transformation in Iraq is still in its early stages, as it has become clearly visible, especially to those who visit government departments and institutions ."

He added that “the absence of paper transactions in government departments is in itself a digital transformation,” noting that “there is tangible and remarkable progress in these areas, especially in the Ministry of Interior, which has achieved important accomplishments in national identity, electronic passport, and electronic visa, and soon the electronic driver’s license will also be adopted .”

He stressed that “digital transformation will make life easier for citizens and speed up the completion of transactions,” noting that “the actual achievement of digital transformation will be when the Iraqi economy moves forward significantly because its production has improved as a result of the introduction of technology  link

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Government advisor: The Central Bank has amended the list of Iraqi banks to comply with international standards.

The Prime Minister’s Advisor for Banking Affairs, Saleh Mahoud, confirmed on Wednesday that there are agreements with European entities to support investment projects in Iraq, while noting that five projects are awaiting a Cabinet decision to issue sovereign guarantees.

 Mahoud told the Iraqi News Agency (INA): “The Central Bank has made an amendment to the list of Iraqi banks, which was limited to government banks, in accordance with the standards required by external parties, foreign correspondents, and the bank that finances those projects.”

He added that "over the course of two years, the Sovereign Guarantees Committee has made great efforts in coordinating with the guaranteeing institutions and the financing banks, as well as its efforts in coordinating the relationship between the Industrial Bank and the Ministry of Finance."

He pointed out that "there are agreements previously signed with Spanish, German and English entities, and one of those projects has obtained a sovereign guarantee, and all procedures will be completed within a period of two weeks after all the details related to the final accounts are resolved."

He explained that “five projects are awaiting the Cabinet’s decision to issue the sovereign guarantees stipulated in one of the paragraphs of the general budget, amounting to one trillion Iraqi dinars, to cover all projects,” noting that “the number of projects reached 6, and the Cabinet approved the disbursement of 600 billion dinars, and 400 billion dinars remain.”

He stated that “Based on the recent Cabinet decision, the Central Bank issued an amendment that includes a list of banks that were previously limited to government banks, in accordance with the standards required by external parties, foreign correspondents, and the bank providing the financing.

According to that amendment, the Sovereign Guarantees Committee was informed that the remaining projects within the one trillion ceiling should be handled by private banks.”

He pointed out that "the Trade Bank of Iraq ( TBI ) has been informed that the upcoming projects will be in the private sector, and within a week or ten days there is an agreement waiting to be signed with the Dutch  link

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Mot:  Can't help MeSelf!!!  

Mot: . a ""Motism"" - on how to Find Ur Lost Wife in da Store.. 

FINAL Financial hours of U.S.A. just before the 1929 crash

FINAL Financial hours of U.S.A. just before the 1929 crash

Finance Files:  11-5-2025

October 1929 — the most powerful financial machine in history was about to collapse.

 Investors were euphoric. Stocks were unstoppable. And then, within hours, it all fell apart.

This is the untold story of America’s final financial hours before the 1929 crash — the panic on Wall Street, the desperate phone calls, and the moment when the dream of endless growth finally died.

In this video, you’ll learn:

• What really happened inside Wall Street before the crash

 • The signs investors ignored

 • How margin debt and speculation fueled disaster

 • Why confidence vanished overnight

• The lasting lessons for today’s markets Because history doesn’t repeat — it warns.

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

Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 11-5-25

Good Afternoon Dinar Recaps,

CURRENCY — The Dollar’s Balancing Act: De-Dollarization, Volatility, and a Coming Recalibration

The dollar’s dominance endures—but its foundations are quietly being rewritten.

The U.S. dollar remains the backbone of global finance, yet the signs of a slow, managed rebalancing are undeniable.
From BRICS trade settlements to regional currency pacts, a new multi-currency reality is emerging, where the dollar still leads—but no longer dictates.

While Wall Street sees resilience, policymakers see fragility: the world’s reserve system is too dollar-heavy to fail, and too unstable to continue unchanged.

Key Developments

• De-dollarization momentum continues as nations settle energy and trade in local or third-party currencies.

• Foreign-exchange markets are showing record volatility and volume, particularly among non-bank participants.

• Central banks are experimenting with digital currencies and bilateral settlement systems that reduce dollar dependency.

• The U.S. Treasury faces growing difficulty balancing domestic debt expansion with global reserve expectations.

Why It Matters

The dollar is not being replaced—it is being repositioned within a multipolar currency network.
What began as tactical diversification is now a strategic redesign of the global monetary order.

• Expect regional clearing systems to multiply, fragmenting liquidity and reshaping capital flows.

• The rise of digital settlement technologies could accelerate direct trade bypassing traditional reserve channels.

• For markets, volatility in the FX complex will remain a signal—not of collapse, but of re-architecture.

The dollar’s era of absolute dominance is fading, replaced by a balancing act between sovereignty, technology, and trust.

This is not just politics — it’s global finance restructuring before our eyes.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• De-Dollarization: A Structural Trend — jpmorgan.com

• Forex News and Volatility Indicators — investing.com

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BRICS — Challenging SWIFT: The Bloc’s Push for Financial Sovereignty

BRICS nations move to bypass Western payment infrastructure, fueling the global de-dollarization movement.

The BRICS bloc — Brazil, Russia, India, China, and South Africa, along with newer members — is building its own cross-border payment system, directly challenging SWIFT and reducing dependence on the U.S. dollar.
The initiative is accelerating the de-dollarization trend as emerging economies seek financial autonomy and protection from Western sanctions.

Building Financial Independence

The BRICS payment system traces its roots to strategic initiatives launched at the 2014 Fortaleza Summit, including the New Development Bank (NDB) and the Contingent Reserve Arrangement.
Over the years, efforts intensified, culminating in the 2024 Kazan Summit, where leaders committed to:

• Strengthening correspondent banking networks within BRICS

• Enabling settlements in local currencies under the BRICS Cross-Border Payments Initiative

Russia’s SPFS system (System for Transmitting Financial Messages) now has 159 foreign participants in 20 countries, with settlements in local currencies rising from 26% to 85% in just two years. China and India maintain their own platforms — CIPS and UPI — which are being integrated into the larger BRICS network.

The De-Dollarization Push

Russian President Vladimir Putin stated that BRICS countries are pursuing this system because the U.S. has “weaponized” the dollar, limiting its use for political reasons.
As Adam Button of Forexlive.com explains, “A big portion of the world is always under threat of U.S. or European sanctions, and it’s in their interest to create an alternative system.”

• BRICS cross-border payments allow trade in local currencies, bypassing the dollar

• Reduces exposure to U.S. monetary policy and sanctions

• Promotes financial sovereignty for emerging economies

Challenges Ahead

Technical integration remains complex. Multiple competing platforms — China’s CIPS, India’s UPI, Russia’s SPFS — require coordination, reliability, and political will.
Success depends on:

• Sustained cooperation among BRICS members

• Blockchain-based ledger transparency and efficiency

• Adoption by broader emerging markets for meaningful impact

If fully operational, this system could reshape the global financial architecture, weakening Washington’s ability to impose sanctions and limiting the dollar’s global influence.

Why It Matters

The BRICS payment system is more than an alternative to SWIFT — it’s a strategic tool of economic diplomacy.

• Moves the de-dollarization discussion from theory to operational reality

• Provides emerging economies protection from currency volatility and external policy shocks

• Signals a shift toward multipolar financial governance, where no single currency dominates

This development is a direct signal of the Global Financial Reset, highlighting the increasing role of non-Western institutions in shaping future trade and finance.

This is not just politics — it’s global finance restructuring before our eyes.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Source

• BRICS Challenges SWIFT: Bloc Builds Its Own Cross-Border Payment System — watcher.guru

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US Debt Explodes at Record Pace Forcing Fed QE

US Debt Explodes at Record Pace Forcing Fed QE

Taylor Kenny:  11-4-2025

The economic headlines are buzzing, and for good reason. A recent analysis by ITM Trading, featuring insights from Taylor Kenney, paints a stark picture of the current U.S. economic landscape.

It’s a narrative dominated by a rapidly escalating national debt and a surprisingly abrupt shift in Federal Reserve policy.

Let’s start with the numbers, and they are staggering. In just the past eight weeks, the U.S. national debt has surged by a trillion dollars. While the pandemic provided a unique period of massive debt expansion, this current pace is setting new records outside of that extraordinary time.

This isn’t just abstract government accounting; it has tangible consequences. The daily cost of servicing this debt is now a mind-boggling $3 billion, consuming a significant 17% of all federal spending.

This brings us to the Federal Reserve and its recent decision to halt Quantitative Tightening (QT). For months, the Fed has been attempting to shrink its balance sheet, a move designed to withdraw liquidity from the market and combat inflation.

However, the announcement to end QT, according to the analysis, isn’t a victory lap on inflation control. Instead, it’s presented as a desperate measure to avert a looming liquidity crisis that could threaten the entire financial system.

The core of the problem, as explained, lies in the confluence of a debt crisis and an interest rate crisis.

 As interest rates rise, the cost of borrowing for the U.S. Treasury escalates dramatically. To manage its existing obligations, the Treasury is forced to issue new debt at these higher rates, a direct contradiction to the Fed’s QT efforts.

 This fundamental conflict is creating significant strain within the financial ecosystem. Banks are experiencing a depletion of reserves, and money market funds are hoarding cash, effectively drying up the liquidity available for the real economy – the businesses and individuals who drive everyday economic activity.

The beneficiaries of this liquidity crunch, the analysis suggests, are the titans of finance: large banks, hedge funds, and corporate insiders.

Meanwhile, the everyday American is left to grapple with the eroding purchasing power of their savings and wages, a direct consequence of inflation that persists despite the Fed’s actions.

 The video points to the Fed’s past quantitative easing (QE) programs, particularly the colossal $4 trillion in 2020, as a catalyst for inflating asset bubbles and weakening the dollar. This, in turn, is seen as a mechanism for transferring wealth from the public to Wall Street.

The irony is palpable: the very institution that arguably contributed to the current crisis is now positioning itself as the savior, all while inflation remains stubbornly elevated.

The implications of ending QT extend beyond immediate liquidity concerns. The analysis posits that this move signals a “quiet default,” an implicit acknowledgment that the government may need to devalue its debt to remain solvent.

This devaluation would inevitably impact the value of individual savings, wages, and retirement funds. Historically, such currency crises have led to dramatic consequences, including hyperinflation and a loss of faith in fiat money, often prompting a return to tangible assets like gold and silver as reliable stores of value.

This potential economic reset, however, is unique.

The dollar’s global reserve currency status and the ongoing shifts in the global monetary order, particularly concerning the role of physical gold, add layers of complexity to this evolving situation.

In light of these concerns, ITM Trading is hosting a free webinar titled “The Great Gold Reset.” This event aims to equip viewers with knowledge and strategies to navigate what is presented as an impending collapse of the dollar and a transition towards a gold-backed global financial system.

The presenter emphasizes the importance of learning, preparing, and considering investments in physical gold and silver as vital measures of protection against the economic turbulence anticipated ahead.

For a deeper dive into these critical economic issues and Taylor Kenney’s comprehensive analysis, be sure to watch the full video from ITM Trading.

https://youtu.be/Bzsvzc_6ODY

“Tidbits From TNT” Wednesday 11-5-2025

TNT:

Tishwash:  Cabinet meeting: Allocations for holding an international conference and recommendations regarding Apple Pay

The Council approved “the special recommendations regarding the activation of global (APPLE PAY) services in Iraq, by adopting the documents required by the parent company, instead of the commercial registration certificate to obtain the trusted license from the Media and Communications Commission, and exempting the company from the provisions of the amended Foreign Companies Branches System (2 of 2017).”  link

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Tishwash:  Washington rejects Iraqi PM's condition on disarming factions 

The US State Department on Wednesday dismissed Iraqi Prime Minister Mohammed Shia al-Sudani’s recent attempt to link the disarmament of armed factions to the future of the US-led Global Coalition in Iraq, urging Baghdad instead to dismantle the “Iran-backed militias.”

Speaking to Shafaq News, the Department’s spokesperson said that addressing “terrorist organizations,” remains an Iraqi sovereign responsibility, stressing that these groups engage in “violent and destabilizing activities in Iraq.”

“Their actions drain the country’s resources and act against its national interests,” the spokesperson added.

Iraq officially recognizes both the national army and the Popular Mobilization Forces (PMF). While the PMF is legally part of the state’s armed forces, many of its key factions operate under the banner of the “Islamic Resistance in Iraq.” The group is aligned with Iran’s regional “Axis of Resistance,” which includes Hezbollah in Lebanon and the Houthis in Yemen, and positions itself against US and Israeli interests in the region.

Addressing the future of US forces in Iraq, the spokesperson clarified that Washington is proceeding according to an agreed timeline to transition the Global Coalition’s role and conclude its combat operations.

“This is not a withdrawal,” the spokesperson affirmed. “It is a shift toward a more traditional bilateral relationship in the areas of security and diplomacy.”

With around 2,500 US troops still stationed in Iraq, Baghdad and Washington finalized an agreement last month setting a roadmap for the full withdrawal of American forces by September 2026.  link

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Tishwash:  Reuters predicts Sudani's victory: He is the favorite to win a second term.

Reuters predicted on Tuesday that Iraqi Prime Minister Mohammed Shia al-Sudani is the most likely candidate to win a second term .

Reuters published a report, translated by Mail, stating that "Sudan presented himself as the leader who could finally make the country successful after years of instability and moved against the established parties that brought him to power as he seeks a second term ."

She added that "thanks to signs of rising public support ahead of the parliamentary elections scheduled for November 11, the increasingly confident Sudanese is running against key members of a group of parties that initially selected him for the position ."

She noted that “Al-Sudani’s election campaign focuses on improving basic services and presenting himself as the man capable of successfully balancing relations with Washington and Tehran, and he says he expects to win the largest share of seats,” adding that “many analysts agree that Al-Sudani, who has been in power since 2022 and leads the Building and Development Alliance, is the most likely candidate to win a second term .”

She continued, "No single party can form a government on its own in the 329-member Iraqi parliament, so parties must build alliances with other groups to form an administration, a difficult process that often takes several months ."

She noted that “Al-Sudani held many key positions in the Iraqi political system and is the only prime minister after 2003 who never left the country, unlike others who went into exile and then returned, often with new nationalities, after the US-led invasion that toppled Saddam Hussein link

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Mot: .. Yeppers, one of my pet peeves! 

Mot: Stay tuned for more ""Motism"" tips..