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DOLLAR COLLAPSE: A Simple Breakdown to a Complex Crisis (Currency Reset)
DOLLAR COLLAPSE: A Simple Breakdown to a Complex Crisis (Currency Reset)
Taylor Kenny: 1-21-2025
he collapse of the dollar is accelerating, driven by unsustainable debt, geopolitical alliances, and technological advancements like CBDCs.
These forces are leading us toward an inevitable Currency Reset that will reshape the global economy. Learn what’s happening, what’s coming next, and how to protect your wealth.
DOLLAR COLLAPSE: A Simple Breakdown to a Complex Crisis (Currency Reset)
Taylor Kenny: 1-21-2025
he collapse of the dollar is accelerating, driven by unsustainable debt, geopolitical alliances, and technological advancements like CBDCs.
These forces are leading us toward an inevitable Currency Reset that will reshape the global economy. Learn what’s happening, what’s coming next, and how to protect your wealth.
CHAPTERS:
00:00 - Why this might be the most important video of the year
00:36 - Understanding the Dollar’s central role
02:15 - The illusion of Dollar strength
02:54 - Four driving forces behind the Dollar’s collapse
11:25 - The process leading to a Currency Reset
12:02 - What happens during a Currency Reset
13:15 - Gold as the foundation of a new financial system
Seeds of Wisdom RV and Economic Updates Tuesday Morning 1-21-25
Good Morning Dinar Recaps,
BRICS REALIZE THEY CANNOT CHALLENGE THE US DOLLAR
The US dollar started 2025 with a bang leaving local currencies of BRICS countries distantly behind in the charts. The DXY index, which tracks the performance of the US dollar shows the currency crossing the 110 mark.
The US markets are confident that Trump’s re-election could turn the fortunes of America and bring economic prosperity. The same positivity is lacking in developing countries as their local currencies are being hammered by the raging US dollar.
Good Morning Dinar Recaps,
BRICS REALIZE THEY CANNOT CHALLENGE THE US DOLLAR
The US dollar started 2025 with a bang leaving local currencies of BRICS countries distantly behind in the charts. The DXY index, which tracks the performance of the US dollar shows the currency crossing the 110 mark.
The US markets are confident that Trump’s re-election could turn the fortunes of America and bring economic prosperity. The same positivity is lacking in developing countries as their local currencies are being hammered by the raging US dollar.
The BRICS alliance, which kick-started the de-dollarization agenda is now reeling under pressure from the US dollar. BRICS country India’s local currency, the rupee, has fallen to a lifetime low of 86.68 this week. The rupee fell four trading sessions in a row as the USD trampled the currency in the charts. Currency experts predict that the Indian rupee could fall to 90 to 92 levels in the next 10 months.
BRICS No Challenge to the US Dollar
The US dollar is strengthening in the indices with the massive inflow of funds entering the American markets. Institutional investors offloaded most of their overseas funds and are now taking entry positions in the US markets.
The belief that Trump’s rule could bring fortunes has reached a peak in 2025. The first instance of the market gaining steam occurred immediately after he was declared the winner in November. This puts BRICS on the back foot as it stands no chance to challenge the US dollar during Trump’s tenure.
Trump has already threatened BRICS with 100% tariffs if they plan to abandon the US dollar for trade. The alliance is now left with obeying his demands as a tariff increase will only hurt their economies.
The de-dollarization agenda could fail under his rule as the President-elect aims to safeguard the USD. Whether he will bring in laurels to the US stock market or cause a dent, only time will tell.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
RAMASWAMY EXITS DOGE FOR OHIO GOVERNOR BID, LEAVING MUSK AS SOLE HEAD
Vivek Ramaswamy said on X he was leaving the Department of Government Efficiency and was “confident that Elon and the team will succeed in streamlining government.”
Entrepreneur and former presidential candidate Vivek Ramaswamy will no longer co-lead the Department of Government Efficiency (DOGE) alongside Elon Musk, and is reportedly opting to run for Ohio governor instead.
“It was my honor to help support the creation of DOGE,” Ramaswamy said in a Jan. 20 X post. “I’m confident that Elon and the team will succeed in streamlining government.”
Ramaswamy didn’t elaborate on his future plans, but CBS News and The New York Times were among the US media outlets reporting that the business leader and author would soon announce he is running run for governor of Ohio.
Ramaswamy said that he’d “have more to say very soon” while reaffirming his support for President Donald Trump.
“Vivek Ramaswamy played a critical role in helping us create DOGE. He intends to run for elected office soon, which requires him to remain outside of DOGE based on the structure that we announced today,” DOGE spokesperson Anna Kelly told the Associated Press.
Ohio Governor Mike DeWine’s second — and legally his last — term will end in January 2027.
On Jan. 18, Ramaswamy re-shared an X post from a parody account using this likeness that stated he was running for governor of Ohio, with the pro-crypto Republican commenting that it wasn’t “a bad idea.”
Politico reported that Musk made it known that he wanted Ramaswamy out of DOGE in recent days. A Republican strategist close to Trump’s advisers told Politico that Ramaswamy “just burned through the bridges and he finally burned Elon. Everyone wants him out of Mar-a-Lago, out of D.C.”
The move was driven in part by Ramaswamy’s criticism of American culture. In December, he made a post on X stating that tech companies hire foreign workers partly because of a mindset that has “venerated mediocrity over excellence.”
The now-solely Musk-led advisory organization, named after his favored cryptocurrency Dogecoin, was officially created through one of a slew of executive orders that Trump signed on his first day in office.
DOGE is already on the firing line as it was hit with lawsuits from consumer advocate group Public Citizen and other nonprofit groups minutes after Trump took office.
The lawsuits allege that DOGE violates the Federal Advisory Committee Act by allowing private individuals to make government decisions without proper transparency and oversight.
DOGE, which was announced by Trump soon after his electoral victory in November, is designed to slash federal spending through budget cuts and mass firings.
@ Newshounds News™
Source: CoinTelegraph
~~~~~~~~~
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“Tidbits From TNT” Tuesday Morning 1-21-2025
TNT:
Tishwash: The largest oil reserve was discovered in central Iraq
The Middle Oil Company, in cooperation with the Chinese company (EBS), announced the achievement of a major oil discovery in the East Baghdad South Field.
The company's general manager, Mohammed Yassin Hassan, stated in a statement received by {Euphrates News} a copy of it that the main exploratory well testing operations in the East Baghdad field had achieved great success, as a highly productive oil flow of medium and light oil was obtained.
TNT:
Tishwash: The largest oil reserve was discovered in central Iraq
The Middle Oil Company, in cooperation with the Chinese company (EBS), announced the achievement of a major oil discovery in the East Baghdad South Field.
The company's general manager, Mohammed Yassin Hassan, stated in a statement received by {Euphrates News} a copy of it that the main exploratory well testing operations in the East Baghdad field had achieved great success, as a highly productive oil flow of medium and light oil was obtained.
It is expected to add more than two billion barrels to Iraq's oil reserves, making it the largest oil discovery in central Iraq.
The Director General pointed out that the initial tests of the well showed a daily production rate of up to 5,000 barrels of crude oil.
Yassin praised the fruitful cooperation between Iraqi engineers at the Middle Oil Company and their counterparts at the Chinese EBS Company, which resulted in precise planning and strict implementation of well testing procedures in areas within the oil field.
This discovery is of strategic importance as it adds to Iraq’s oil reserves, which rank fifth in the world in proven reserves. This achievement also enhances the production capabilities of Iraq, one of the founding and influential members of the Organization of the Petroleum Exporting Countries (OPEC), which supports its pivotal role in the global energy market. link
************
Tishwash: Al-Sudani in a telegram to Trump: We are committed to strategic relations under the umbrella of respect for sovereignty and non-interference
Prime Minister Mohammed Shia Al-Sudani sent a congratulatory telegram today, Tuesday, to US President Donald Trump, on the occasion of his assumption of office as President of the United States of America.
Al-Sudani indicated in the telegram, according to a statement from his office, a copy of which was received by {Euphrates News}, that Iraq aspires to strengthen the bonds of cooperation and partnership with the United States, within the framework of the strategic agreement and the common interests of the two countries, stressing the importance of working to support the foundations of stability, security and development regionally and internationally.
Al-Sudani stated that the Iraqi government adheres to strategic relations with the United States, and seeks to activate and expand the scope of implementing all bilateral memoranda of understanding, and bilateral security and economic coordination, under the umbrella of respect for sovereignty, non-interference in internal affairs, and supporting bilateral exchange in the cultural and technological fields, and the fields of investment and sustainable development. link
************
Tishwash: President of the Republic: Our participation in Davos confirms Iraq's growing role in the global arena
President of the Republic Abdul Latif Jamal Rashid stressed that Iraq's participation in the Davos talks confirms its growing role in the global arena.
Rashid said in a tweet on the (X) platform, followed by the Iraqi News Agency (INA), "I am proud to see Iraq and the Kurdistan Region well represented in Davos, which is an important annual gathering of global leaders and thinkers. Our participation in these talks confirms Iraq's growing role in the global arena and our commitment to confronting common challenges through dialogue, innovation and cooperation." link'
************
Tishwash: Directive from the Central Bank regarding the 5,000 dinar banknotes
The Central Bank stressed, on Monday, that Iraqi banknotes are homogeneous in all their denominations and are accepted by all its branches, and that the delivery of one denomination and the rejection of another by certain banks is a violation of the law, requesting a list of the names of these banks.
text of document: Date 1/16/2025
Federation of Iraqi Chambers of Commerce / President's Office
m/damaged currency
Greetings.
Your letter No. 1 dated 1/5/2025 regarding banks that refuse to receive small denomination banknotes and the (5,000) dinar denomination.
We would like to inform you that the instructions of this bank stipulate that Iraqi banknotes are homogeneous in their various categories, have absolute legal tender and are accepted by the Central Bank of Iraq, its branches, banks, institutions and the public. Discrimination between their categories by imposing a certain category on the public or refusing to receive a certain category is unacceptable and is considered a violation of the law.
We hope you will provide us with the names of the violating banks that refused to receive banknotes. With appreciation. link
************
Mot: Jumping Days
Mot: it Has Begun!!!!
MilitiaMan & Crew Iraq Dinar News-Global Attention-Budget Law-Internally- Externally-Media
MilitiaMan & Crew Iraq Dinar News-Global Attention-Budget Law-Internally- Externally-Media
1-20-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
MilitiaMan & Crew Iraq Dinar News-Global Attention-Budget Law-Internally- Externally-Media
1-20-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Seeds of Wisdom RV and Economic Updates Monday Evening 1-20-25
Good Evening Dinar Recaps,
MARK UYEDA NAMED ACTING SEC CHAIR AMONG TRUMP APPOINTMENTS
Members of the US Commodity Futures Trading Commission also announced on Jan. 20 that Caroline Pham would serve as acting chair, filling two crucial regulatory roles
US Securities and Exchange Commission member Mark Uyeda will be acting chair of the financial regulator as of Jan. 20 following an announcement from the Trump administration.
Good Evening Dinar Recaps,
MARK UYEDA NAMED ACTING SEC CHAIR AMONG TRUMP APPOINTMENTS
Members of the US Commodity Futures Trading Commission also announced on Jan. 20 that Caroline Pham would serve as acting chair, filling two crucial regulatory roles
US Securities and Exchange Commission member Mark Uyeda will be acting chair of the financial regulator as of Jan. 20 following an announcement from the Trump administration.
In a Jan. 20 notice from the White House, President Donald Trump said Uyeda would replace outgoing SEC Chair Gary Gensler in an acting capacity until the US Senate could confirm one of his nominees. Uyeda, a Republican, has served at the SEC since 2022 after being nominated by former US President Joe Biden.
Before taking office, Trump announced on social media that he planned to nominate former SEC Commissioner Paul Atkins to replace Gensler.
Atkins’ name appeared on a list of sub-cabinet appointments Trump said he had nominated to the Senate. It’s unclear when the chamber could consider his nomination as an SEC member.
Meanwhile, members of the US Commodity Futures Trading Commission announced on Jan. 20 that Commissioner Caroline Pham would serve as acting chair after Rostin Behnam stepped down.
The heads of the two financial regulators will be in a position to significantly influence policy related to digital assets.
As an SEC member, Uyeda criticized the commission’s approach to digital assets under Gensler, saying it “neither facilitates capital formation nor protects investors.” Under the former chair, the SEC filed several enforcement actions against US-based crypto firms, including Ripple Labs, Coinbase, Terraform Labs and Binance.
New administration, new approach to crypto?
It’s unclear what the status of these lawsuits will be under the Trump administration or Acting Chair Uyeda. The SEC will reportedly consider freezing all enforcement cases that don’t involve allegations of fraud.
Since taking the oath of office at 12:00 pm ET, Trump has not mentioned digital assets or blockchain on his first official day as US president. He had also pledged to commute the sentence of Silk Road founder Ross Ulbricht.
Reports suggested Trump was planning on signing an executive order potentially related to crypto, but the White House had not announced anything at the time of publication. Neither digital assets nor blockchain appeared on the administration’s list of policy priorities as they were first published on Jan. 20.
@ Newshounds News™
Source: CoinTelegraph
~~~~~~~~~
DONALD TRUMP APPOINTS CAROLINE PHAM AS ACTING CFTC CHAIR
The CFTC commissioner has previously called for regulating digital assets in her role with the financial regulator, which could change under Donald Trump.
In one of his first official acts after being sworn in as US president, Donald Trump will name Commodity Futures Trading Commission (CFTC) member Caroline Pham as the acting chair of the financial regulator.
In an announcement shared with Cointelegraph on Jan. 20, a representative of Commissioner Pham said she would replace former CFTC Chair Rostin Behnam temporarily until Trump could nominate a permanent head of the regulator whom the Senate could confirm.
She has been serving as a CFTC commissioner since April 2022 after being nominated by former US President Joe Biden.
“I’m humbled to lead the CFTC as Acting Chairman,” said Pham. “It is an honor to be entrusted to serve the American people during this pivotal time.”
Behnam announced in January that he planned to step down on the day of Trump’s inauguration. Though any new CFTC commissioner or chair would need to be confirmed by a majority of lawmakers in the US Senate after hearings, Trump has the authority to appoint temporary replacements under the Federal Vacancies Reform Act.
As a CFTC commissioner, Pham has called on the government to address crypto regulation and proposed initiatives to protect investors.
It’s unclear what roles the CFTC and Securities and Exchange Commission will have in regulating crypto under the Trump administration, with many US lawmakers suggesting they plan to pass legislation establishing a market framework.
Trump took the oath of office as US president on Jan. 20 but notably did not mention digital assets or blockchain technology in his acceptance speech. In one of his last acts as a private citizen before assuming office, he and his wife, Melania, announced the launch of memecoins, which critics claim allow anyone to funnel money indirectly into the first family’s pockets.
US crypto regulation under Donald Trump
The appointment of Pham is one of many actions potentially affecting the crypto industry Trump is expected to take on his first day in office. The US president said he intended to nominate former SEC Commissioner Paul Atkins to replace Gary Gensler as chair of the financial regulator — Gensler officially stepped down on Jan. 20.
In May 2024, Trump promised to commute the sentence of Silk Road founder Ross Ulbricht, and reports have suggested he plans to sign at least one executive order related to crypto or blockchain.
The White House is expected to announce what executive orders Trump will sign on Jan. 20, but reports suggested the number would be “close to 100.”
@ Newshounds News™
Source: CoinTelegraph
~~~~~~~~~
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Seeds of Wisdom RV and Economic Updates Monday Afternoon 1-20-25
Good Afternoon Dinar Recaps,
INCOMING PRESIDENT TRUMP SHOWS SUPPORT FOR INNOVATION, BUT MAKES NO MENTION OF CRYPTO DURING INAUGURATION SPEECH
During his campaign, Trump drummed up support from top executives, among others, in the crypto industry looking for a change in the U.S. regulatory environment.
Trump is also set to issue crypto-related executive orders.
Dinar Recaps Note: Sorry, this is the same as our last Seeds of Wisdom post. The new post is up now ( link ).
Good Afternoon Dinar Recaps,
INCOMING PRESIDENT TRUMP SHOWS SUPPORT FOR INNOVATION, BUT MAKES NO MENTION OF CRYPTO DURING INAUGURATION SPEECH
During his campaign, Trump drummed up support from top executives, among others, in the crypto industry looking for a change in the U.S. regulatory environment.
Trump is also set to issue crypto-related executive orders.
In his return to Washington D.C. on Monday, Donald Trump touted his support for innovation, though did not specifically mention crypto during his inauguration speech on Monday.
“There’s no nation like our nation,” Trump said. “Americans are explorers, builders, innovators, entrepreneurs and pioneers. The spirit of the frontier is written into our hearts."
However, Trump did not mention crypto in a document titled "President Trump's America First Priorities" in an email sent out by the office of the press secretary. Punchbowl News earlier released the document.
During his campaign, Trump drummed up support from top executives, among others, in the crypto industry looking for a change in the U.S. regulatory environment.
Trump made several promises to the sector, including promising to commute Ross Ulbrucht's sentence, who is currently serving a life sentence without the possibility of parole for his role in creating and operating the dark web marketplace Silk Road, tied to bitcoin's early history.
Trump also vowed to stop "Joe Biden's crusade to crush crypto" by ensuring the future of crypto will not be "driven overseas," supporting the right to self-custody and preventing the development of a central bank digital currency. Some Republican lawmakers have been staunchly opposed to a CBDC and say a CBDC could open the door to government surveillance of peoples' transactions.
Trump is reportedly poised to issue executive orders on his first day that could include creating a crypto council and ensuring that firms have access to banks, according to Reuters.
The Washington Post reported last week that Trump could also issue executive orders that encompass repealing the U.S. Securities and Exchange Commission's controversial crypto accounting guidance, SAB 121.
A potential crypto council could have anywhere between 10 to 100 members. Those members will presumably be crypto executives, but those decisions will be up to the firms to pick who will represent them in the council, said Ron Hammond, senior director of government relations at the Blockchain Association, in an interview with The Block last week.
Trump also plans to issue an executive order to set cryptocurrency as a national policy priority, Bloomberg reported last week, citing sources familiar with the matter.
Days before his inauguration, Trump's team launched the TRUMP token on the Solana blockchain which reached a market cap of over $9 billion.
Trump has also previously thrown his support behind the debut of World Liberty Financial, a DeFi protocol that counts former that counts the President-elect as its "chief crypto advocate." That project was criticized by some crypto pundits who called it "a meme masquerading as a utility project."
@ Newshounds News™
Source: The Block
~~~~~~~~~
OVER $200B WIPED FROM CRYPTO MARKETS AFTER TRUMP IGNORES CRYPTO IN CEREMONY SPEECH
The total crypto market cap dumped toward $3.6 trillion.
Donald Trump’s highly anticipated inauguration ceremony officially took place, and he is now the 47th US president.
Despite the numerous reports ahead of time about potentially including crypto in his speech, Trump failed to mention it even once, which triggered a massive crash for the entire market.
Just as the inauguration began, BTC’s price tumbled by over five grand, going from more than $107,000 to under $102,000 in minutes.
However, it managed to recover some ground and spiked to $105,000 during the speech. However, once that concluded and it became evident that Trump will not mention the digital asset industry at all, BTC and the rest of the market headed south immediately.
BTC’s nosedive took it south to $100,500 (for now). Many altcoins bled even more heavily, including Trump’s official meme coin.
The recently launched asset is down by over 20% in the past hour alone and now struggles to remain above $40. Recall that it peaked above $70 earlier today but has faced a lot of competition and criticism following the launch of Melania Trump’s alternative.
Other massive losers include SPX, FARTCOIN, HBAR, WIF, LINK, AAVE, WLD, TIA, BONK, and more, as all of them have dropped by more than 6% in the last hour.
The total crypto market cap went from a daily high of over $3.850 trillion to $3.6 trillion during the crash.
The wrecked positions have shot up to nearly $200 million within that same timeframe. Almost 400,000 traders have been liquidated on a daily scale, according to data from CoinGlass.
@ Newshounds News™
Source: Crypto Potato
~~~~~~~~~
US CBDC ‘IS DEAD’ UNDER TRUMP, BUT STABLECOINS COULD BE SET TO EXPLODE
President Donald Trump has promised to “never allow” a CBDC in the United States, but stablecoin adoption is well on its way.
Now that US President Donald Trump has taken his oath of office, the chances for a US central bank digital currency (CBDC) are all but finished.
Trump has been a vocal opponent of CBDCs, promising on the campaign trail in New Hampshire in 2024 that he would “never allow the creation of a central bank digital currency,” as he claimed it would give the government “absolute control over your money.”
Trump made the promise early on in the campaign, back in January 2024, but there’s little to suggest that the president has changed his mind. Top picks for Trump’s Cabinet and prominent members of the Republican-controlled Congress have also vocally opposed a CBDC.
However, US lawmakers are still focused on proliferating digital currencies. In the absence of a digital dollar and with significant bipartisan support, stablecoin adoption could see significant growth under the incoming administration.
CBDCs are dead; long live the stablecoin
“CBDC in the US is dead under Trump,” Geoff Kendrick, global head of digital assets research at Standard Chartered, told Cointelegraph. “Instead, they’re going down the private stablecoin route, and the Fed has no control over that.”
Indeed, stablecoin legislation is already making its way through the system. In the House of Representatives, Rep. Patrick McHenry introduced the Clarity for Payment Stablecoins Act of 2023, while in the Senate, Wyoming Republican Senator Cynthia Lummis and New York Democratic Senator Kirsten Gillibrand submitted the Lummis-Gillibrand Payment Stablecoin Act.
These bills would provide regulatory guardrails that the industry has been saying it needs in order to succeed.
Some have suggested the industry could see new stablecoin regulations soon, as it would be a quick win for representatives on both sides of the aisle, who will need to defend their seats again in 2026.
Kendrick said, “I think, under Trump, you’ll get passage in the next few months of a stablecoin bill that creates regulation. You’ll then probably get more TradFi players issuing stablecoins in the US [...] and you’ll also get more surety behind the two largest stablecoins, Tether and USDC.”
The pivot to private stablecoins can be explained by two important factors: the clear privacy concerns surrounding CBDCs and the fact that central banks are having a hard time convincing the public of their benefits.
CBDCs raise concerns about privacy and government oversight
Reuters and The Washington Post have reported that the Trump administration is planning mass dismissals of federal employees, paving the way for them to be replaced by appointees loyal to the administration.
Administration spokesperson Brian Hughes told Reuters, “The Trump Administration will have a place for people serving in government who are committed to defending the rights of the American people, putting America first, and ensuring the best use of working men and women’s tax dollars.”
This rhetoric fits into the wider Republican skepticism of government involvement in the financial industry and the desire to deregulate that industry broadly. It comes as no surprise then that CBDCs, which are already a subject of public privacy concerns, should be a target.
John Kiff, a digital currency expert and former senior financial sector expert at the International Monetary Fund, told Cointelegraph that users “want cash-like anonymity and privacy, but central banks are reluctant to offer that as they bend the knee to financial integrity laws and regulations” like Anti-Money Laundering and Countering the Financing of Terrorism laws.
Kiff said, “Purported benefits are related to such things as increasing financial inclusion and reducing the costs to users and merchants of transactions.”
Trump himself suggested that, with a CBDC, the government “could take your money, and you wouldn’t even know it was gone.”
@ Newshounds News™
Read more: CoinTelegraph
~~~~~~~~~
LIVE: THE INAUGURATION OF DONALD J. TRUMP AS THE 47TH PRESIDENT OF THE UNITED STATES 1/20/25
If you missed the Inauguration Ceremony today, you can still watch it on the Rumble link here from Right Side Broadcasting Network.
@ Newshounds News™
Source: Rumble
~~~~~~~~~
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Debt, Deficits, and The Road to a New Monetary Order
Mel Mattison: Debt, Deficits, and The Road to a New Monetary Order
Palisades gold Radio: 1-20-2025
Tom welcomes back Mel Mattison to discuss the economic implications of the new administration under Trump's second term.
He expresses skepticism towards government-released data such as CPI numbers and raises concerns about rising inflation and interest rates due to massive deficit spending and debt refinancing.
Mel Mattison: Debt, Deficits, and The Road to a New Monetary Order
Palisades gold Radio: 1-20-2025
Tom welcomes back Mel Mattison to discuss the economic implications of the new administration under Trump's second term.
He expresses skepticism towards government-released data such as CPI numbers and raises concerns about rising inflation and interest rates due to massive deficit spending and debt refinancing.
Mel estimates approximately seven to eight trillion dollars will be issued this year for these purposes, with uncertainty surrounding who will buy all this debt. He suggests real inflation numbers may be higher than reported, potentially leading to significant increases in interest rates.
The U.S., with a debt-to-GDP ratio of 120%, faces a major concern regarding unsustainable levels of interest expenses.
Mel shares his concerns about the historical parallels between the current high debt-to-GDP ratio and that of the post-World War II era, when reductions in debt came from a combination of surprise inflation and interest rate manipulations.
The need for fiscal sustainability is discussed, with maintaining a 3% deficit to GDP ratio suggested.
However, achieving this through cuts alone is considered unrealistic due to the significant role government spending plays in the economy.
The possibility of a debt reset under new Treasury Secretary Scott Besson is explored, with the need for independence from China's supply chains and essential goods emphasized due to global security competition.
The potential for gold and Bitcoin as neutral reserve assets is proposed, along with revaluing gold certificates held by the Federal Reserve and a move towards these assets to lead to significant increases in value.
Mel discusses Bitcoin potentially decoupling from risk assets like QQQ this year due to increasing institutional adoption.
Potential consequences of a global debt crisis include a revaluation of currencies through gold or Bitcoin, and economic wartime goals setting the stage for inflationary impulses to return.
The need for controlling interest rates and addressing inflation is emphasized, with potential consequences including debt repression, a gold certificate revaluation, and the promotion of stablecoins.
Mel predicts a significant crisis leading to market pullbacks and recoveries, while acknowledging the urgency to tackle deficit issues due to their increasing impact on tax receipts and interest expenses.
Time Stamp References:
0:00 - Introduction
0:44 - Economic Strength
6:20 - U.S. Debt Holders
11:33 - Debt & GDP Extremes
15:20 - DOGE Cuts & Deficits
21:18 - Debt Reset & BRICS
28:08 - Gold Cert. Valuations
31:43 - BTC & Gold Potential
35:53 - Global Debt & Reserves
39:16 - Tariffs Purpose & Trump
42:50 - Inflation & Oil Trends
46:56 - Trump Power Plays
51:34 - Equity Markets Outlook
56:35 - Jeffrey Gundlach
59:13 - 2025 Possibilities
1:01:23 - Wrap Up
Seeds of Wisdom RV and Economic Updates Monday Afternoon 1-20-25
Good Afternoon Dinar Recaps,
INCOMING PRESIDENT TRUMP SHOWS SUPPORT FOR INNOVATION, BUT MAKES NO MENTION OF CRYPTO DURING INAUGURATION SPEECH
During his campaign, Trump drummed up support from top executives, among others, in the crypto industry looking for a change in the U.S. regulatory environment.
Trump is also set to issue crypto-related executive orders.
Good Afternoon Dinar Recaps,
INCOMING PRESIDENT TRUMP SHOWS SUPPORT FOR INNOVATION, BUT MAKES NO MENTION OF CRYPTO DURING INAUGURATION SPEECH
During his campaign, Trump drummed up support from top executives, among others, in the crypto industry looking for a change in the U.S. regulatory environment.
Trump is also set to issue crypto-related executive orders.
In his return to Washington D.C. on Monday, Donald Trump touted his support for innovation, though did not specifically mention crypto during his inauguration speech on Monday.
“There’s no nation like our nation,” Trump said. “Americans are explorers, builders, innovators, entrepreneurs and pioneers. The spirit of the frontier is written into our hearts."
However, Trump did not mention crypto in a document titled "President Trump's America First Priorities" in an email sent out by the office of the press secretary. Punchbowl News earlier released the document.
During his campaign, Trump drummed up support from top executives, among others, in the crypto industry looking for a change in the U.S. regulatory environment.
Trump made several promises to the sector, including promising to commute Ross Ulbrucht's sentence, who is currently serving a life sentence without the possibility of parole for his role in creating and operating the dark web marketplace Silk Road, tied to bitcoin's early history.
Trump also vowed to stop "Joe Biden's crusade to crush crypto" by ensuring the future of crypto will not be "driven overseas," supporting the right to self-custody and preventing the development of a central bank digital currency.
Some Republican lawmakers have been staunchly opposed to a CBDC and say a CBDC could open the door to government surveillance of peoples' transactions.
Trump is reportedly poised to issue executive orders on his first day that could include creating a crypto council and ensuring that firms have access to banks, according to Reuters. The Washington Post reported last week that Trump could also issue executive orders that encompass repealing the U.S. Securities and Exchange Commission's controversial crypto accounting guidance, SAB 121.
A potential crypto council could have anywhere between 10 to 100 members. Those members will presumably be crypto executives, but those decisions will be up to the firms to pick who will represent them in the council, said Ron Hammond, senior director of government relations at the Blockchain Association, in an interview with The Block last week.
Trump also plans to issue an executive order to set cryptocurrency as a national policy priority, Bloomberg reported last week, citing sources familiar with the matter.
Days before his inauguration, Trump's team launched the TRUMP token on the Solana blockchain which reached a market cap of over $9 billion. Trump has also previously thrown his support behind the debut of World Liberty Financial, a DeFi protocol that counts former that counts the President-elect as its "chief crypto advocate." That project was criticized by some crypto pundits who called it "a meme masquerading as a utility project."
@ Newshounds News™
Source: The Block
~~~~~~~~~
OVER $200B WIPED FROM CRYPTO MARKETS AFTER TRUMP IGNORES CRYPTO IN CEREMONY SPEECH
The total crypto market cap dumped toward $3.6 trillion.
Donald Trump’s highly anticipated inauguration ceremony officially took place, and he is now the 47th US president.
Despite the numerous reports ahead of time about potentially including crypto in his speech, Trump failed to mention it even once, which triggered a massive crash for the entire market.
Just as the inauguration began, BTC’s price tumbled by over five grand, going from more than $107,000 to under $102,000 in minutes.
However, it managed to recover some ground and spiked to $105,000 during the speech. However, once that concluded and it became evident that Trump will not mention the digital asset industry at all, BTC and the rest of the market headed south immediately.
BTC’s nosedive took it south to $100,500 (for now). Many altcoins bled even more heavily, including Trump’s official meme coin. The recently launched asset is down by over 20% in the past hour alone and now struggles to remain above $40. Recall that it peaked above $70 earlier today but has faced a lot of competition and criticism following the launch of Melania Trump’s alternative.
Other massive losers include SPX, FARTCOIN, HBAR, WIF, LINK, AAVE, WLD, TIA, BONK, and more, as all of them have dropped by more than 6% in the last hour.
The total crypto market cap went from a daily high of over $3.850 trillion to $3.6 trillion during the crash.
The wrecked positions have shot up to nearly $200 million within that same timeframe. Almost 400,000 traders have been liquidated on a daily scale, according to data from CoinGlass.
@ Newshounds News™
Source: Crypto Potato
~~~~~~~~~
US CBDC ‘IS DEAD’ UNDER TRUMP, BUT STABLECOINS COULD BE SET TO EXPLODE
President Donald Trump has promised to “never allow” a CBDC in the United States, but stablecoin adoption is well on its way.
Now that US President Donald Trump has taken his oath of office, the chances for a US central bank digital currency (CBDC) are all but finished.
Trump has been a vocal opponent of CBDCs, promising on the campaign trail in New Hampshire in 2024 that he would “never allow the creation of a central bank digital currency,” as he claimed it would give the government “absolute control over your money.”
Trump made the promise early on in the campaign, back in January 2024, but there’s little to suggest that the president has changed his mind. Top picks for Trump’s Cabinet and prominent members of the Republican-controlled Congress have also vocally opposed a CBDC.
However, US lawmakers are still focused on proliferating digital currencies. In the absence of a digital dollar and with significant bipartisan support, stablecoin adoption could see significant growth under the incoming administration.
CBDCs are dead; long live the stablecoin
“CBDC in the US is dead under Trump,” Geoff Kendrick, global head of digital assets research at Standard Chartered, told Cointelegraph. “Instead, they’re going down the private stablecoin route, and the Fed has no control over that.”
Indeed, stablecoin legislation is already making its way through the system. In the House of Representatives, Rep. Patrick McHenry introduced the Clarity for Payment Stablecoins Act of 2023, while in the Senate, Wyoming Republican Senator Cynthia Lummis and New York Democratic Senator Kirsten Gillibrand submitted the Lummis-Gillibrand Payment Stablecoin Act.
These bills would provide regulatory guardrails that the industry has been saying it needs in order to succeed.
Some have suggested the industry could see new stablecoin regulations soon, as it would be a quick win for representatives on both sides of the aisle, who will need to defend their seats again in 2026.
Kendrick said, “I think, under Trump, you’ll get passage in the next few months of a stablecoin bill that creates regulation. You’ll then probably get more TradFi players issuing stablecoins in the US [...] and you’ll also get more surety behind the two largest stablecoins, Tether and USDC.”
The pivot to private stablecoins can be explained by two important factors: the clear privacy concerns surrounding CBDCs and the fact that central banks are having a hard time convincing the public of their benefits.
CBDCs raise concerns about privacy and government oversight
Reuters and The Washington Post have reported that the Trump administration is planning mass dismissals of federal employees, paving the way for them to be replaced by appointees loyal to the administration.
Administration spokesperson Brian Hughes told Reuters, “The Trump Administration will have a place for people serving in government who are committed to defending the rights of the American people, putting America first, and ensuring the best use of working men and women’s tax dollars.”
This rhetoric fits into the wider Republican skepticism of government involvement in the financial industry and the desire to deregulate that industry broadly. It comes as no surprise then that CBDCs, which are already a subject of public privacy concerns, should be a target.
John Kiff, a digital currency expert and former senior financial sector expert at the International Monetary Fund, told Cointelegraph that users “want cash-like anonymity and privacy, but central banks are reluctant to offer that as they bend the knee to financial integrity laws and regulations” like Anti-Money Laundering and Countering the Financing of Terrorism laws.
Kiff said, “Purported benefits are related to such things as increasing financial inclusion and reducing the costs to users and merchants of transactions.”
Trump himself suggested that, with a CBDC, the government “could take your money, and you wouldn’t even know it was gone.”
@ Newshounds News™
Read more: CoinTelegraph
~~~~~~~~~
LIVE: THE INAUGURATION OF DONALD J. TRUMP AS THE 47TH PRESIDENT OF THE UNITED STATES 1/20/25
If you missed the Inauguration Ceremony today, you can still watch it on the Rumble link here from Right Side Broadcasting Network.
@ Newshounds News™
Source: Rumble
~~~~~~~~~
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Barreling Towards an Economic Crisis at Year-End Unless this Happens
Barreling Towards an Economic Crisis at Year-End Unless this Happens
David Lin: 1-19-2025
The global economic landscape is looking increasingly precarious, with renowned economist Steve Hanke, Professor of Applied Economics at Johns Hopkins University, raising alarm bells about a potential crisis brewing before year-end.
In a recent interview with David Lin, Hanke painted a stark picture, suggesting that without significant corrective action, the world economy could be headed for turbulent times.
Barreling Towards an Economic Crisis at Year-End Unless this Happens
David Lin: 1-19-2025
The global economic landscape is looking increasingly precarious, with renowned economist Steve Hanke, Professor of Applied Economics at Johns Hopkins University, raising alarm bells about a potential crisis brewing before year-end.
In a recent interview with David Lin, Hanke painted a stark picture, suggesting that without significant corrective action, the world economy could be headed for turbulent times.
Hanke’s analysis focuses on the shifts in economic policy and conditions since Donald Trump’s inauguration, citing several factors contributing to the current instability. While he didn’t detail specific policy failures in the provided information, the framing of the interview heavily implies a correlation between post-Trump economic developments and the current vulnerability.
While the specifics of what “must happen” to avoid the crisis were not detailed in the information provided, Hanke’s reputation as a leading economic thinker lends significant weight to his warnings.
His implication that an economic crisis is a real possibility unless action is taken should be a wake-up call for policymakers and the general public alike.
The interview leaves many questions unanswered, but the core message is clear: the clock is ticking, and unless a decisive shift in [again, areas like economic policy & regulations] occurs, we may be facing a very difficult year-end. The world will be watching anxiously for how governments and institutions respond to these stark warnings from a respected voice in the economic field.
Iraq Economic News and Points to Ponder Monday AM 1-20-25
Iraq Launches New Banknotes With Innovative Security Markings For The Visually Impaired
Economy breaking 2025-01-19 01:54 Shafaq News/ The Central Bank of Iraq unveiled the security marks for banknotes in circulation, with the aim of educating the public, as well as the companies and commercial banks that deal with these notes on a daily basis.
The Central Bank reviewed these improved security signs, through a technical bulletin, received by Shafaq News Agency, noting the introduction of prominent signs on the new banknotes to enable the visually impaired to recognize the denominations of bills by touch.
In the context of awareness, the bank indicated that the public will have sufficient time to adapt to the new banknotes, stressing the importance of sharing this information with those around them.
Iraq Launches New Banknotes With Innovative Security Markings For The Visually Impaired
Economy breaking 2025-01-19 01:54 Shafaq News/ The Central Bank of Iraq unveiled the security marks for banknotes in circulation, with the aim of educating the public, as well as the companies and commercial banks that deal with these notes on a daily basis.
The Central Bank reviewed these improved security signs, through a technical bulletin, received by Shafaq News Agency, noting the introduction of prominent signs on the new banknotes to enable the visually impaired to recognize the denominations of bills by touch.
In the context of awareness, the bank indicated that the public will have sufficient time to adapt to the new banknotes, stressing the importance of sharing this information with those around them.
The Central Bank of Iraq confirmed that the new banknotes will be circulated alongside the old ones, and there will be no intention to withdraw the old banknotes from circulation.
The bank explained that its main objectives are to maintain the stability of local prices and ensure a financial system based on a stable competitive market. It also aims to promote sustainable growth, job opportunities, and prosperity in Iraq.
The Central Bank of Iraq reviewed the excellence of Iraqi banknotes, as they are among the most complex security marks, and were manufactured from the best types of paper used in printing banknotes to ensure quality and security.
The bank stressed that any attempt to manufacture, possess, or pass counterfeit banknotes is considered a criminal act and is severely punished by law, calling for any counterfeit banknotes to be handed over to the police and the Central Bank of Iraq.
The headquarters of the Central Bank of Iraq is located in the center of the capital, Baghdad, and it has three branches in the cities of Basra, Mosul, and Erbil within the Kurdistan Region.
https://media.shafaq.com/media/arcella_files/1737284012913_دليل الاوراق النقدية.pdf
https://shafaq.com/ar/اقتصـاد/العراق-يطرح-وراقا-نقدية-جديدة-بعلامات-منية-مبتكرة-لضعاف-البصر-صور
~~~~~~~~~~
Read Below To See Affected Denominations And Security Features Explanations.
https://shafaq.com/ar/اقتصـاد/العراق-يطرح-وراقا-نقدية-جديدة-بعلامات-منية-مبتكرة-لضعاف-البصر-صور
https://media.shafaq.com/media/arcella_files/1737284012913_دليل الاوراق النقدية.pdf
Shafaq News/ The Central Bank of Iraq has unveiled the security marks of the circulating banknotes, with the aim of educating the public, as well as companies and commercial banks that deal with these banknotes on a daily basis.
The Central Bank reviewed these improved security features, through a technical bulletin, which was received by Shafak News Agency, indicating the introduction of prominent features on the new banknotes to enable the visually impaired to identify the banknote denominations by touch.
In the context of awareness, the bank indicated that the public will have enough time to adapt to the new banknotes, stressing the importance of sharing this information with those around them.
The Central Bank of Iraq confirmed that the new banknotes will be circulated alongside the old ones, and there will be no intention to withdraw the old banknotes from circulation.
The bank explained that its main objectives are to maintain the stability of domestic prices and ensure a financial system based on a stable competitive market, and it also aims to promote sustainable growth, job opportunities, and prosperity in Iraq.
The Central Bank of Iraq reviewed the distinction of Iraqi banknotes, which are among the most complex security features, and are manufactured from the best types of paper used in printing banknotes to ensure quality and security.
The bank stressed that any attempt to manufacture, possess or pass counterfeit banknotes is a criminal act punishable by law, calling for any counterfeit banknotes to be handed over to the police and the Central Bank of Iraq.
The headquarters of the Central Bank of Iraq is located in the center of the capital, Baghdad, and it has three branches in the cities of Basra, Mosul, and Erbil within the Kurdistan Region
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Monday Morning 1-20-25
Good Morning Dinar Recaps,
INVESTOR CHRIS BURNISKE SEES CRYPTO ENTERING ‘GOLDILOCKS PERIOD’ AMID SUPPORT FROM INCOMING US ADMINISTRATION
Venture capitalist Chris Burniske believes crypto is about to enter uncharted territory as the United States welcomes a second Donald Trump presidency.
Good Morning Dinar Recaps,
INVESTOR CHRIS BURNISKE SEES CRYPTO ENTERING ‘GOLDILOCKS PERIOD’ AMID SUPPORT FROM INCOMING US ADMINISTRATION
Venture capitalist Chris Burniske believes crypto is about to enter uncharted territory as the United States welcomes a second Donald Trump presidency.
Burniske tells his 317,600 followers on the social media platform X that he thinks Bitcoin’s (BTC) four-year cycle may witness an abrupt end with the installment of a pro-crypto US government.
BTC’s four-year cycle is based on halving events when Bitcoin miner rewards are slashed in half every four years. In the past, halvings have correlated with parabolic rallies for Bitcoin as the reduction in new BTC emissions created an imbalance between supply and demand.
Says Burniske,
“Continue to believe there are high odds we break the simplistic four-year cycle that BTC has honored the last ~12 years…
With a supportive US administration, crypto could be entering a Goldilocks period over the next many years, where returns aren’t as parabolic, but instead we see steadier growth, not to mention majors stop suffering 85-95% drawdowns.”
In investing, a Goldilocks scenario is when an asset class sees moderate and sustainable growth over a long period of time.
Burniske also predicts market meltdowns that crypto investors have been accustomed to will likely be in the rearview mirror once digital assets enter Goldilocks territory. He believes that exchange-traded funds (ETFs) will support the steady rise of crypto assets while minimizing market drawdowns.
“On drawdowns: I’m not saying they’ll stop, I’m saying it’s possible they get less extreme for the majors, which could whiplash people who overtrade with too much aggression…
I also think BTC and ETH both having ETFs, and perhaps SOL+ soon, will provide more consistent buying pressure for these assets.”
While the investor believes in steady growth for large-cap coins, he notes that digital assets could still witness gut-wrenching corrections but they likely won’t be as severe as the ones seen in the past.
“If you ever want to see the percentage drawdown BTC could be exposed to, look at the 200-week SMA (simple moving average), which has been our most reliable technical support each bearish period. Right now at ~$40,000 that suggests a 60% drawdown is possible, which is a far cry from 80%+ (has to drop another 50% from 60% down, to hit 80% down). As BTC rises, so too will the 200-week SMA.”
Burniske concludes by saying that 2025 will likely be a “great year” for crypto investors.
@ Newshounds News™
Source: DailyHodl
~~~~~~~~~
GOLD PRICES COULD HIT $3,000 IF TRUMP PUTS HIS THREATS TO WORK
Donald Trump took oath as the 47th President of the United States on Monday and will govern the nation for four years. Investors closely watch his statements, threats, and proposals on the U.S. economy and monetary policies. Gold prices hovered around the $2,707 mark when Trump took oath and surged nearly 5 points in the indices.
The precious metal remains on the greener side of the spectrum and is looking to gain another leg-up. Traders are hopeful that Trump’s upcoming trade wars could benefit gold prices, as institutions could park their funds to hedge the markets.
Trump’s Trade Tariffs Could Make Gold Reach $3,000
A leading commodity investor told Kitco News that gold prices could reach $3,000 if Trump sticks to his tariff threats. The markets could react strongly if the tariffs are imposed, as they could cause a trade imbalance between the U.S. and other countries.
Jesse Colombo, an independent precious metals analyst and founder of the BubbleBubble Report said that the short-term target for gold prices remains at $2,800. If Trump heats the import and export sector, gold’s price target remains a solid $3,000. He wrote that it could breach the mark during the second half of 2025.
“For the past two months, gold has been taking a breather, but now the market has a lot of pent-up energy. I’m excited about gold’s potential,” he said. The analyst explained that if Trump’s tariffs take place, consumers around the world will have to shell out more money for daily essentials.
“Gold’s significant resistance level remains $3,000 an ounce,“ he said, adding that a price rise ignited by Trump could lead to stagnation in the global markets. Therefore, investors need to closely watch Trump’s policies and invest widely based on the market trends. The XAU/USD could continue its rally in 2025 and remain in demand throughout the year.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
WHAT IS DEFAI? A BEGINNER'S GUIDE
Defai is a convergence of artificial intelligence and decentralized finance, poised to simplify on-chain tasks and unlock new opportunities.
This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this timely article, Blocmate’s Gaz explains this important emerging sector of AI x crypto. If you aren’t familiar with defai, or you don’t know exactly what it means, this article is for you.
Welcome to the Intersection of AI and Defi
AI agents are, at present, the only meta that seems to matter. They’ve been breathing fresh degeneracy into the crypto markets like nothing we have seen until this point in the cycle and stealing insane amounts of mindshare in the process.
Meanwhile, the fools who faded are forced to FUD away from the sidelines while the rest of us sift through the trenches to try and catch the next 100x mooner.
The open-sourced nature of this narrative means that things are moving at a pace that no single humanoid can possibly keep up with. This further proves the utility of these ever-awake, ever-watching robots — who are already outcompeting us mortals in every aspect of the crypto game.
It seems like very soon we simple homo sapiens will be forced into capitulation by our new AI overlords as we watch ourselves be replaced in pretty much every facet of life.
It is, however, not all bad news. At least not for us degens.
Within this agent meta will spring forth many sub-metas that we can attempt to gamble our way to freedom before the inevitable replacement occurs.
@ Newshounds News™
Read more: Bitcoin News
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“Tidbits From TNT” Monday Morning 1-20-2025
TNT:
Tishwash: The President of the Republic heads the participants.. Davos Forum Investment Dialogue and Confidence Building
The World Economic Forum in the Swiss resort of Davos, today, Monday, brings together major global leaders in the fields of economy, technology, politics and society, under the slogan “Cooperation for the Smart Age ”, and continues until January 24, to discuss current economic, technological and environmental issues and ways to find solutions for them.
3,000 prominent figures from more than 130 countries are participating, including many heads of state and government, including the President of the Republic of Iraq, Abdul Latif Jamal Rashid.
TNT:
Tishwash: The President of the Republic heads the participants.. Davos Forum Investment Dialogue and Confidence Building
The World Economic Forum in the Swiss resort of Davos, today, Monday, brings together major global leaders in the fields of economy, technology, politics and society, under the slogan “Cooperation for the Smart Age ”, and continues until January 24, to discuss current economic, technological and environmental issues and ways to find solutions for them.
3,000 prominent figures from more than 130 countries are participating, including many heads of state and government, including the President of the Republic of Iraq, Abdul Latif Jamal Rashid.
There will be strong representation from around the world, across sectors and geographies, to drive dialogue, build trust and catalyze sustainable solutions to common challenges.
The forum will witness the participation of more than 1,600 business leaders, including more than 900 senior CEOs and chairmen of the boards of directors of member companies and partners of the forum, in addition to more than 120 global innovators, technology pioneers and start-ups.
The Davos Forum focuses on five main areas: reimagining growth, industries in the smart age, investing in people, protecting the planet, and rebuilding trust. link
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Tishwash: Prime Minister's Advisor: Electronic customs declaration prevents smuggling and limits corruption and bribery
The Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Saleh, confirmed today, Sunday, that the electronic customs declaration program prevents smuggling and limits corruption and bribery. While he explained that it facilitates accurate and rapid oversight and review, he pointed out that it reduces costs for importers.
Saleh said in an interview with the Iraqi News Agency, followed by "Al-Eqtisad News", that "the program for developing the electronic customs declaration and its entry into force is an important and positive step towards improving customs performance in particular and enhancing the efficiency of the Iraqi economy in general."
He added that "the adoption of this electronic program for customs declaration represents an important part of the reform efforts branching out from the government program in the field of e-governance and financial and economic reform, which aims to modernize administrative and financial systems, combat corruption, and raise the efficiency of Iraq's foreign trade,"
Noting that "this electronic system provides two important details in customs life in the development of customs policy applications in Iraq, as it is one of the important arms of financial policy in our country, which are: First, reducing human intervention in customs clearance operations, which reduces the opportunities for corruption and bribery."
He continued: “The second provides clear tracking of transactions, which facilitates effective, accurate and rapid customs control and review,” indicating that “the electronic customs declaration program will undoubtedly reduce the time required to complete customs declarations, in a way that supports the movement of trade and reduces the costs that fall on traders and importers. This change in the pattern of customs declarations encourages companies to import and export goods with ease and high speed.”
He explained, "As for customs revenues, the program will contribute to providing accuracy in collecting customs duties in a way that prevents customs evasion, as taxes are a form of important public revenues that the government program seeks to raise within non-oil revenues, in addition to reducing losses resulting from corruption or negligence in collecting related customs duties and taxes, as was previously followed, using manual methods and human intervention."
He pointed out that "the business environment in the national economy gives an advanced signal to investors and traders, and its precise operations should be positively reflected in the reports of multilateral international organizations within the framework of the progress of the business environment in our country, including the World Bank's periodic reports in this regard link
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Tishwash: Al-Nusairi: Banks are the lever of sustainable development
Economic and banking advisor Samir Al-Nusairi confirmed, on Sunday, the completion of the Central Bank’s procedures for implementing the goals and initiatives of its third strategy 2024-2026, which is concerned with developing and restructuring the banking sector in accordance with what the consulting and auditing companies that are currently cooperating with the Central Bank and with the government in this field have reached, and that it should not be limited to support, but rather go beyond that to include the banking sector in making economic, financial, banking and investment decisions.
Al-Nusairi spoke about the challenges of the Iraqi economy and the opportunities for reform of the banking sector in the government’s program and the prospects of the Central Bank’s future vision for the role of the banking sector in sustainable development.
In light of the efforts currently being made to activate and revolutionize the productive economic sectors other than oil to diversify sources of national income and achieve financial sustainability, and the role of the Central Bank in regulating foreign trade financing and completing infrastructure projects to achieve comprehensive digital transformation and expand the use of electronic payment tools in achieving financial inclusion.
He explained that the opportunities for reforming and developing the banking sector in 2025 are as follows:
1- Developing the Iraqi banking system and its compliance with international banking and accounting standards.
2- Enhancing citizens’ confidence in the banking sector locally and internationally recognizing its transparency, progress, and strict commitment to international standards and obtaining the confidence of solid correspondent banks to deal with it.
3- Converting banks to their primary function, which is financing and bank lending for development.
4- Banks that do not provide loans and banking facilities that help in development as a lever for sustainable development lose their meaning as banks, which requires a specific position towards them from the Central Bank in 2025.
5- Seeking to move from a cash economy to a digital economy and withdrawing money outside the banking cycle and introducing it into the banking system.
He pointed out that all the above goals, although the period specified for their implementation according to the timetable of the government program and the strategy of the Central Bank ranges between (1-4 years), what was achieved in 2023 and 2024 constitutes about 60% as announced, which led to the evaluation and classification of banks based on their achievement of the planned goals. There are banks that are moving towards the required development and banks that still need an additional period of time to achieve the goals, and there are troubled banks that are now making exceptional efforts from the Central Bank and the administrations of these banks to rehabilitate them.
He added that what concerns us here is the real functional role of banks in providing loans and banking facilities and moving from a banking role to a developmental role. There are two important observations that must be taken into consideration regarding the issue of providing loans and banking facilities to stimulate the economy and development. The first: The nature of banks’ activities depends on the nature of the activities of the economic sectors, and as long as economic activity is focused on trade (imports), banks’ activity remains focused on external transfers and what is related to that, so unless other sectors move (industry, agriculture, tourism, etc.).
It is worth noting that without controlling imports, these sectors will not develop. Second: It is necessary to provide the legal environment and extend the authority of the law in order to control the speculation market in the US dollar on the black market and to eliminate the phenomenon of illegal trade through unofficial outlets. link
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Mot: the List Grows as Ya Season - it Does!!!
Mot: . UH OH !!!!!!
MilitiaMan & Crew Iraq Dinar News-Corruption $5 Billion Halbousi-New Currency Notes-Cash Economy-WB-WTO-24 Budget
MilitiaMan & Crew Iraq Dinar News-Corruption $5 Billion Halbousi-New Currency Notes-Cash Economy-WB-WTO-24 Budget
1-19-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
MilitiaMan & Crew Iraq Dinar News-Corruption $5 Billion Halbousi-New Currency Notes-Cash Economy-WB-WTO-24 Budget
1-19-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..