Fed Bailout Triggered as Bank Reserves Crash to 5-Year Low

Fed Bailout Triggered as Bank Reserves Crash to 5-Year Low

Taylor Kenny:  11-7-2025

Beneath the calm surface of mainstream financial news, a seismic shift is underway, threatening the very foundations of the US banking system and, by extension, your financial security. Recent revelations paint a stark picture of fragility, with the Federal Reserve engaged in covert operations to prop up a system teetering on the brink.

This isn’t just about economic cycles; it’s about the integrity of your bank deposits, the future value of the US dollar, and your purchasing power.

Alarming data reveals that US bank reserves have plummeted to their lowest levels in five years. This isn’t a minor fluctuation; it’s a flashing red light that forced the Federal Reserve to secretly inject emergency liquidity into the system. Simultaneously, they’ve quietly halted their much-touted Quantitative Tightening (QT) program.

What does this tell us? It signals a coordinated, urgent attempt to maintain an illusion of stability. The Fed’s emergency lending through the overnight repo facility, reaching levels not seen since 2020, is a clear indicator of severe, systemic liquidity constraints within the banking sector. They’re patching holes, but the ship is still leaking.

To understand the depth of this crisis, we need to look back a few years. During the unprecedented money printing spree of 2020, a surge of bank deposits, largely fueled by the Fed’s own actions, found its way into US Treasury securities. These were considered safe assets, yielding modest returns.

However, the financial landscape has drastically changed. As demand for US debt wanes and interest rates (and thus bond yields) have risen, banks are now sitting on massive unrealized losses on these very same Treasury bonds. Should they be forced to sell these bonds – for example, due to a surge in withdrawals – these hidden losses would become very real, potentially risking their solvency.

Adding fuel to this fire are declining commercial real estate values and rising delinquencies, creating yet another layer of “hidden losses” on bank balance sheets. Many banks are engaged in an unsustainable charade, what’s known as “extending and pretending” – avoiding the recognition of these losses in the hope that conditions improve.

This strategy is eerily reminiscent of the factors that led to the sudden collapse of Silicon Valley Bank.

The Fed’s pivot from tightening monetary policy to injecting liquidity is not a sign of recovery; it’s a testament to a systemic breakdown. This desperate injection of capital will almost certainly accelerate inflation, further eroding the purchasing power of your hard-earned money and devaluing the US dollar.

This cycle, if left unaddressed, promises to diminish your wealth and financial security.

 The question is no longer if a significant financial reset is coming, but when, and how you can prepare.

In times of economic uncertainty and systemic fragility, tangible assets have historically served as a critical safeguard for wealth. As trust in fiat currencies and traditional banking systems wavers, the spotlight turns to physical gold.

For centuries, gold has been the ultimate store of value, acting as a hedge against inflation and a protector of purchasing power.

As the current monetary system strains under unprecedented pressure, many experts anticipate a “global monetary reset,” widely dubbed the “Great Gold Reset,” where gold is poised to play a central role in a new, more stable monetary system.u.

https://youtu.be/g5H7KB6_8Fw

News, Rumors and Opinions Friday 11-7-2025

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.

RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 7 Nov. 2025

Compiled Fri. 7 Nov. 2025 12:01 am EST by Judy Byington

Restored Republic

Thurs. 6 Nov. 2025, Scott Brunswick

The Quantum Financial System is advancing in stealth. In Singapore and Tokyo, hidden banking nodes are now live, mirroring transactional flows through encrypted micro-tests. Each “network interruption” on legacy systems signals another handover to QFS control.

Gold reserves are being relocated under armed escort through remote routes, while dormant vaults tied to the old monetary cabal are being drained. The slow “technical outages” seen in central banks are not errors—they are controlled disconnections.

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Thurs. 6 Nov. 2025 Jentel: Jentel reporting window is anytime NOW til the 13th, best possibly case that they could send out notifications tonight. They are putting military in place to ensure safety. https://rumble.com/v71bg96-fallawsophy-11625-with-jennifer-fallaw.-jentel-rv-update..html

Thurs. 6 Nov. 2025 TNT: IMF Says 99% will happen Fri. 7 Nov. 2025: https://x.com/THE_TNT_TEAM/status/1986216671120646470?t=9POIM4Ejs1MZoDWM68pzCw&s=09

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Thurs. 6 Nov. 2025 Bruce The Big Call:

A couple of sources said Fri. 7 Nov. was in play for Tier4b (us, the Internet Group) notification.

One said that Tues. Wed.11-12 Nov. was also a possibility.

Others said we could get notification over the weekend.

Redemption Centers will have better rates than the bank, and you cannot redeem Zim at a bank.

Two separate sources said President Trump will make an announcement on Thanksgiving Day about the QFS and we are on asset-backed USN currency.

Read full post here:  https://dinarchronicles.com/2025/11/07/restored-republic-via-a-gcr-update-as-of-november-7-2025/

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

Militia Man  I think it still could be 4th quarter 2025. Does the REER settle somewhere around 3 times SDR?  We're going to find out...Every step of what I'm talking about is documented.  What they've been doing is primarily executed in my view already.  The CBI has reserves ... $112 billion.  They have compliance through all the new systems, international standards...Their next move is going to be an effective adjustment like they did in 2023.  It's going to be immediate.

Frank26   I think Sudani is about to give you [Iraqi citizens] a date, not a rate, in order to pacify you Iraqi citizens and receive the vote that he needs.  And maybe at the start of the year, all of this can come together.  Be we have another scenario...The one that Trump has painted where it can happen right now without a second thought.

Nader From The Mid East  Article: "Disruption of official working hours in Iraq from next Saturday to Wednesday"  They're doing it for the election.  They're going to stop schools and hours of work for three days all the way till Wednesday.  Have nothing to do with RV or anything like that.

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Should I Hedge My Gold Position With Bonds?

 Mike Maloney:  11-7-2025

Join us live from the New Orleans Investment Conference where we sat down with John (traveling from Australia) to dig into one of the biggest questions investors face today:

If you’re right about inflation or monetary collapse, what should you hedge with — and if you’re wrong, what protects you then?

In this candid conversation we cover:

Why long-term government bonds may not be the safe haven you think they are

Why gold and silver may be the true undervalued hedges underpinned by central-bank buying

 Why fiat currencies are all falling (just at different speeds) relative to precious metals

Why the next downturn could be far worse than 2008, and how that changes safe-asset thinking

How international investors (even outside the US) should think about currency risk, hedging, and diversification

If you are concerned about inflation, currency debasement, or the stability of traditional “safe” assets — this discussion gives a powerful framework to rethink your portfolio.

https://www.youtube.com/watch?v=-lJHQIJenMc

Seeds of Wisdom RV and Economics Updates Friday Morning 11-7-25

Good Morning Dinar Recaps,

Abu Dhabi’s Ambition: Bridging the Divide in Global Finance

How a rising Middle Eastern hub could reshape trade corridors and capital alignment

As rivalries deepen between the U.S., China, and India, Abu Dhabi is positioning itself as a neutral financial hub linking East and West. Through the Abu Dhabi Global Market (ADGM), the UAE plans to become one of the world’s top five financial centers within the next decade.

Key Points:

• ADGM expansion targets partnerships with New York, London, Singapore, and Hong Kong.

• The UAE’s unique geopolitical neutrality lets it handle U.S.-China and BRICS capital flows.

• Gulf sovereign funds are quietly reallocating reserves into gold and non-dollar assets, signaling a shift toward multipolar finance.

Global Reset Implications:
A neutral Middle Eastern hub offering multi-currency settlement and cross-border payment networks is a cornerstone of a post-dollar trading order. If successful, Abu Dhabi could become a bridge node between SWIFT and BRICS systems, reducing Western financial dominance.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Source:
Newsweek — As Rivalries Grow, One Financial Hub Seeks to Bridge US, China, India

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 Kazakhstan Joins Abraham Accords: Peace Meets Economic Realignment

Trump’s Middle East peace initiative expands again, linking diplomacy with trade corridors

The announcement that Kazakhstan will join the Abraham Accords marks a major shift in Eurasian diplomacy — one that links peace, energy, and infrastructure. This move aligns with Trump’s broader energy corridor diplomacy, connecting Central Asia to Middle Eastern logistics hubs.

Key Points:

• Kazakhstan gains direct ties with Israel, UAE, and the U.S. for energy and tech exchange.

• Central Asia becomes a bridge between BRICS economies (China, Russia, India) and Western trade frameworks.

• Normalization deals increasingly include financial technology partnerships and joint digital currency experiments.

Global Reset Implications:
Peace accords now carry monetary integration clauses, paving the way for cross-border CBDCs and shared commodity-backed trade systems. Kazakhstan’s entry effectively positions Central Asia as a test zone for multipolar financial coexistence.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Source:
Modern Diplomacy — Kazakhstan to Join Abraham Accords, Boosting Trump’s Peace Push

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U.S. Security Moves: From Gaza to Damascus to Venezuela

Military strategy and monetary influence converge again

Washington’s multifront repositioning — from Gaza to Damascus to El Salvador — signals a blending of military presence with monetary power projection.

Key Points:

• The U.S. pushed the UN to approve a Gaza stabilization force, cementing control over reconstruction funding.

• Plans to establish a presence at a Damascus airbase suggest deeper control over the Levant’s oil and logistics routes.

• Satellite imagery shows U.S. aircraft activity in El Salvador, extending surveillance and operations toward Venezuela.

Global Reset Implications:
Strategic deployments ensure the U.S. remains a gatekeeper of regional energy flows and dollar liquidity. Yet these moves also drive rival blocs — particularly BRICS and the SCO — to accelerate de-dollarized security alliances, balancing the equation.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources:

•  Modern Diplomacy — U.S. Pushes UN to Approve Gaza Peace Force

•  Modern Diplomacy — US Moves to Establish Presence at Damascus Airbase

•  Newsweek — Satellite Photo Shows US Ramping Up Military Pressure on Venezuela

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Trump’s Iran Opening: Sanctions Relief and the Currency Realignment Ahead

A potential U.S.-Iran thaw could trigger a new phase in global oil trade settlement

President Trump hinted that Iran has requested sanctions relief and that he is “open to hearing that.” If realized, this could reintegrate Iran into global markets, impacting oil pricing, currency flows, and regional alliances.

Key Points:

• Sanctions easing could allow Iran to trade oil in multiple currencies, challenging the dollar’s pricing monopoly.

• Gulf states and Asian buyers could settle oil trades in yuan, dirhams, or gold-backed instruments.

• A U.S.-Iran rapprochement would reconfigure OPEC+ strategy and realign Middle East investment channels.

Global Reset Implications:
If Washington tolerates non-dollar energy settlements, this signals acceptance of a multi-currency order. Iran’s return could trigger broader adjustments in petrodollar recycling, weakening dollar liquidity dominance over time.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources:

• Modern Diplomacy — Trump Says Iran Seeking Sanctions Relief, Signals Openness to Talks

• Newsweek — Trump Signals Shift on Iran

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Gold’s Quiet Surge: The Metal Beneath the Monetary Reset

Central banks and sovereign funds are preparing for a parallel asset base

Recent IMF and central bank data show record gold accumulation in 2025 by BRICS+, the Gulf, and even Western reserves. As fiat volatility grows, gold remains the anchor for multipolar trust.

Key Points:

• Central banks have added over 1,000 tons of gold since January 2025.

• BRICS payment systems increasingly reference gold as a clearing unit for digital settlements.

• Western funds quietly hedge against sovereign debt exposure via physical gold holdings.

Global Reset Implications:
Gold accumulation is the backbone of the new financial architecture — a silent bridge between fiat and digital assets. In a world of fragmented currencies, gold’s universal acceptance becomes the collateral base of global settlement.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources:

• Global gold demand climbs 3% to quarterly record as investment soars — Reuters

• Gold’s rise in central bank reserves appears unstoppable — Reuters

• Gold’s record-breaking rally: who’s keeping it going? — Reuters

• World Gold Council, IMF Reserve Data (2025)

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Thank you Dinar Recaps

“Tidbits From TNT” Friday Morning 11-7-2025

TNT:

Tishwash:  Iraq announces a new phase of security cooperation with America

The spokesman for the Commander-in-Chief of the Armed Forces, Sabah al-Nu’man, announced on Friday that Iraqi and American officials are committed to laying the foundations for a new phase of security cooperation, stressing that consultations between the two sides regarding the future of the relationship between the two countries will continue .

Al-Nu’man said in a statement received by Shafaq News Agency that “high-level American and Iraqi officials held technical consultations on November 6 in Baghdad regarding the future of the bilateral security relationship between the two countries, in line with the 2008 Strategic Framework Agreement and based on shared national security interests .”

He added that "the participants affirmed their continued commitment to laying the foundations for a new phase of security cooperation between the United States and Iraq that will continue to enable federal Iraq to provide its own security and deliver tangible benefits to both Americans and Iraqis ."

According to the statement, "High-level officials will continue their consultations in the coming months with the aim of strengthening long-term security cooperation and counterterrorism efforts that support and enhance the capabilities and readiness of the Iraqi Federal Security Forces, including the Peshmerga forces, and promote common interests in preserving Iraq's sovereignty, defeating terrorism, enhancing regional stability, and strengthening economic ties between the two countries  link

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Tishwash:  Iraq closes the import chapter and opens the door to exports... achieving historic self-sufficiency in oil derivatives

 In an economic shift that is the first of its kind in more than two decades, the Iraqi government has officially announced a complete halt to the import of key oil derivatives, most notably gasoline, gas oil (kerosene), and white oil, after the country achieved complete self-sufficiency in the production of these materials.

The announcement, which appeared in an official document issued by the office of Prime Minister Mohammed Shia, confirmed that the surplus of these products would be diverted to exports, after domestic production exceeded the level of internal consumption, in a move described as a crucial turning point in the course of the Iraqi energy sector.

This achievement is the culmination of three years of government efforts focused on operating new refineries and rehabilitating refineries damaged by wars and terrorism, within a strategic vision aimed at reducing dependence on foreign countries, especially Iran, which was the main supplier of imported derivatives in previous years.

Iraq, the second largest producer in OPEC, is on the verge of a new phase of energy independence, not limited to oil derivatives, but extending to the natural gas sector as well, as the government recently signed a contract with the American company “Excelerate Energy” to establish a floating platform for liquefied natural gas with a capacity of up to 15 million cubic meters per day, with the aim of supplying power plants with clean fuel and at a lower operating cost compared to fixed platforms.

Prime Minister Mohammed Shia al-Sudani confirmed that his government has set a timetable to achieve complete self-sufficiency in gas by 2028, noting that Iraq now has the ability to produce high-octane gasoline locally, and continues to strengthen its partnerships with American companies to train national staff on the latest energy technologies and develop oil and electricity fields.

This trend comes amid continued fluctuations in Iranian gas supplies, which have long been a double pressure factor on Iraq, both from the side of rising Iranian domestic consumption and from the side of international sanctions imposed on Tehran.

In the same context, Deputy Prime Minister for Energy Affairs and Oil Minister Hayyan Abdul Ghani confirmed that Iraq has managed to achieve a significant increase in production rates within the refining sector, enabling the country to reach self-sufficiency and reducing the need for imports to a minimum, with the expectation that imports will cease entirely by the end of this year.

He pointed to the operation of huge projects such as the Karbala refinery, the rehabilitation of the Al-Sumoud refinery in Baiji, and the opening of new units in the Chinese, Haditha and southern refineries, most notably the FCC unit with a capacity of 55,000 barrels per day.

While Iraq is moving towards full investment in associated gas by 2029, the minister revealed that its investment rate has increased from 53% to 74% since the current government took office, reflecting Iraq’s commitment to implementing the decisions of the Paris Climate Conference and reducing thermal emissions through renewable energy projects under implementation in cooperation with international companies, including the French company Total.

While Iraq is making leaps in the production of oil derivatives, the parliamentary Oil and Gas Committee recorded that refining capacity has reached unprecedented levels, reaching about 1.5 million barrels per day, which has been reflected in reducing the import of regular gasoline to about 15%, and improved gasoline to 80%, with more than 25 million liters per day entering the local market.

Oil expert Ahmed Askar described the government's decision to halt imports of gasoline, kerosene, and white oil as strategically timed, reflecting effective management of oil resources after the state treasury had been spending billions of dollars annually to cover shortages of these materials. He explained that this shift will free up those billions to be redirected towards development and infrastructure projects, emphasizing that self-sufficiency would not have been achieved without long-term investments in refineries and the development of downstream industries.

Askar did not conceal the existence of future challenges, including the need to ensure the sustainability of production, achieve a stable surplus for export, and regulate the local market in terms of quality and prices. He also pointed to the importance of strengthening strategic reserves of petroleum products and linking refineries to an integrated transportation and distribution system that ensures equitable distribution among the governorates.

With this achievement, Iraq is steadily moving towards ending its dependence on foreign sources for petroleum products and entering a new phase of economic sovereignty over its resources, at a time when the government is working to diversify energy sources and integrate oil and electricity production

With the completion of the major refinery projects, the country is entering a new chapter in its industrial history, one written by planning, not emergency measures; by sovereignty, not need; and by development, not deficit. link

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Tishwash:  Iraq saves 8 trillion dinars after closing the gasoline import file… an economic step that restores balance to the budget and opens the door to exports for the first time

In an economic transformation considered one of the most significant achievements of the last two decades, Iraq has officially announced its entry into a phase of complete self-sufficiency in petroleum products.

This marks a shift from a country that relied for decades on importing gasoline, gas, and fuel oil to a producer and exporter capable of meeting its domestic needs and opening new avenues for regional and international exports.

 This announcement, made in a statement issued by the office of Prime Minister Mohammed Shia al-Sudani on November 4, 2025, represents a turning point in the history of the Iraqi oil industry, following years of continuous work to rehabilitate and operate the major refineries in Karbala, Baiji, and Basra, and to expand production lines to meet increasing domestic and international demand.

Legal and banking researcher Saif Al-Halfi confirmed in a special statement to “Iraq Observer” that Iraq has achieved an unprecedented historical accomplishment in the oil industry, after officially announcing its entry into the stage of self-sufficiency in oil derivatives, moving from the position of an importing country to the position of a producer and exporter, in a step he described as “a qualitative shift in the structure of the national economy and the opening of a new door towards manufacturing industries and clean energy.”

Al-Halfi explained that the oil refining sector represents the backbone of the Iraqi economy today, as it is the bridge that transforms low-priced crude oil into vital, high-value derivatives such as gasoline, kerosene, gas oil, liquefied gas, and jet fuel. He pointed out that the high global and local demand for these derivatives has made developing refineries a strategic goal for the government to reduce imports and preserve hard currency.

He added that the announcement issued by the office of Prime Minister Mohammed Shia Al-Sudani on November 4, 2025, confirmed the achievement of complete self-sufficiency after three years of intensive efforts to rehabilitate and operate Iraqi refineries, including the Karbala refinery, the Baiji refinery, and the expansion of the Basra (Shuaiba) refinery, indicating that this step “astonished foreign refining companies and confused traders who had been exporting derivatives to Iraq for many years.”

Al-Halfi explained that Iraq currently has more than ten major refineries distributed across the north, center, and south of the country. He noted that the Karbala refinery, officially opened in 2023 with a capacity of 140,000 barrels per day, represents a significant leap forward thanks to its use of environmentally friendly technologies and its production of fuel that meets European standards. The Basra (Shuaiba) refinery operates at a capacity of 210,000 barrels per day and is one of the oldest refineries in the country. Meanwhile, the Baiji refinery, which was partially restarted after being damaged in the war against ISIS, is progressing towards restoring its full capacity of 300,000 barrels per day.

Al-Halfi pointed out that the projects of the Maysan refinery with a capacity of 150,000 barrels per day and the Faw refinery with a capacity of 300,000 barrels per day will make Iraq a regional player in exporting oil derivatives, especially since the Faw refinery is designed to be a strategic refinery for exporting high-quality fuel to Europe and America within the “Development Road” projects.

He revealed that Iraq's current refining capacity is 1.3 million barrels per day, and is expected to rise to 1.6 million barrels per day upon completion of the projects. This will enable the country to export the surplus and generate billions of dollars in revenue annually. He also explained that reducing imports will save approximately $3 billion annually that was previously spent on importing refined products, in addition to bolstering foreign currency reserves and improving the national budget.

Al-Halfi pointed out that this transformation will directly impact the lives of citizens by improving fuel quality and raising the octane level in gasoline to suit modern cars, in addition to improving the quality of kerosene and liquefied gas, and creating thousands of job opportunities in the fields of maintenance, operation, transportation and logistics.

At the same time, he pointed out that there are real challenges that could hinder this success, most notably the smuggling of petroleum products due to price differences between Iraq and neighboring countries, in addition to the age of some refineries, such as Al-Dura and Basra, which require comprehensive modernization. He also noted the shortage of electricity and industrial water, which affects the continued operation of some production units, calling on the government to establish a balanced pricing policy that encourages investment and maintains the economic viability of projects.

He explained that the Iraqi government is working to link the new refineries to export and internal transport pipelines to ensure a fair distribution of derivatives between the governorates, in addition to encouraging foreign investment through the BOT partnership system in the Nasiriyah and Faw refineries, with the aim of enhancing transparency and operational efficiency.

Al-Halfi stressed that this major development reflects the government’s strategic vision of transforming from a crude oil exporting country to a country that manufactures high value-added petroleum derivatives, indicating that the completion of the Karbala, Maysan and Faw projects will enable Iraq to confidently enter the club of oil refining countries, and will place it in a leading regional position in the field of energy and refining.

Al-Halfi concluded his statement by saying: “What is happening today in the refining sector is not just a technical achievement, but a national economic victory. Iraq is writing a new chapter in its industrial history, a chapter whose title is self-sufficiency, production and export, not dependency and importation. With this transformation, the country is getting closer to realizing the dream of cross-border refineries, to transform from an importer of fuel to an exporter of power.”

Iraq produces about 4 million barrels of crude oil daily, but until recently it faced a losing economic equation in the derivatives market, as it used to sell a liter of crude oil for less than 50 dinars, then import it later in the form of gasoline at a price of up to 1200 dinars per liter, before reselling it to citizens for only about 450 dinars, which caused annual losses estimated at about 6 billion dollars, or about 8 trillion Iraqi dinars.

Thus, Iraq is transforming from a fuel consumer to a producer and exporter, a move that is reshaping its national economy and opening new horizons for industrial development and clean energy. With the continued progress of the giant refinery projects in Maysan, Faw, and Nasiriyah, the country is approaching a new phase where the Iraqi economy is being redefined by refined oil, not crude, and by revenues that will bolster economic sovereignty and lay the foundation for a future based on production, not dependence, and on strategic planning, not improvisation. link

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Mot: One of The Latest Things on my to ""Do List""  

Mot: Yet another ""Motism"" fer That Person Who Ya Can't Please!!! 

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

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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

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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

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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

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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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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

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..