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Dinar Recaps 20 2/15/25 Dinar Recaps 20 2/15/25

Largest Credit Crisis in History

Largest Credit Crisis in History

WTFinance: 2-14-2025

The WTFinance podcast recently welcomed back Alasdair Macleod, a renowned expert in sound money, economics, geopolitics, and precious metals. Macleod delivered a sobering assessment of the global landscape, covering a wide range of critical issues, from the underappreciated resilience of gold to the looming specter of a credit crash.

During the engaging discussion, Macleod painted a picture of a world teetering on the brink of significant change, driven by geopolitical shifts, unsustainable debt levels, and a fundamental reshaping of the global economic order. Here’s a breakdown of the key talking points:

Largest Credit Crisis in History

WTFinance: 2-14-2025

Macleod believes gold is currently flying under the radar of mainstream investment, despite its crucial role in the unfolding global narrative. He emphasizes that while Western investors might be overlooking it, central banks in the East, particularly China and Russia, are actively accumulating gold, laying the groundwork for a potential shift in the global monetary system.

The conversation delved into the changing dynamics of global power. Macleod suggests the US is subtly distancing itself from Europe, focusing instead on its internal stability and potentially shifting its strategic focus to the Pacific. He also predicts that China is poised to further solidify its dominance in global manufacturing, driven by its robust infrastructure and manufacturing capabilities.

Macleod is deeply critical of the European Union, predicting significant turmoil and even a potential “bust.” He points to the inherent structural weaknesses of the Eurozone, highlighting the unsustainable debt burdens of some member states and the lack of fiscal unity as key vulnerabilities.

A central theme of the discussion was the unsustainable global debt bubble. Macleod warns that we are rapidly approaching a point where the debt burden becomes unserviceable, inevitably leading to a significant credit crash. He believes that governments will resort to the “monetization of all debt,” essentially printing money to cover obligations, which will ultimately debase currencies and fuel inflation.

The depreciation of the British Pound was discussed as a symptom of broader economic challenges. Macleod sees it as a reflection of the UK’s own debt burden and its vulnerability to global economic shocks.

Macleod highlighted the significant flow of gold from West to East. He connects this phenomenon to the deliberate strategy of countries like China and Russia to build their gold reserves, potentially paving the way for a gold-backed currency in the future. This shift could fundamentally alter the global monetary order, potentially dethroning the US dollar as the world’s reserve currency.

The podcast paints a picture of an emerging multi-polar world, where the dominance of the United States is gradually diminishing. This new world order will be characterized by increased competition and a rebalancing of power between different nations and economic blocs.

When asked for one takeaway message, Alasdair Macleod likely stressed the importance of understanding the interconnectedness of these factors and the critical role of sound money principles, including holding precious metals like gold and silver, as a hedge against the looming economic uncertainty.

He likely advised listeners to prepare for significant changes in the global economic and political landscape and to take steps to protect their wealth from the coming storm.

The WTFinance podcast with Alasdair Macleod offers a stark warning about the fragility of the current global economic system.

While the predictions are undeniably concerning, they serve as a valuable wake-up call, urging listeners to educate themselves, understand the risks, and take proactive measures to navigate the turbulent times ahead.

https://youtu.be/HDvwVBjbBOk

DINARRECAPS8 2/15/25 DINARRECAPS8 2/15/25

Iraq Economic News and Points to Ponder Saturday AM 2-15-25

Green Oil ... A Basic Pillar For Achieving Food Security

Economic 2025/02/13   Baghdad: Imad of the emirate It is dependent on the achievement of food security by

     improving the performance of the agricultural sector and the
     stimulation of industries, especially those that depend on agricultural and animal products, such as the
     manufacture of tomato paste, jams and dairy, and the production of meat, lumbar and woolen textiles, and leather industry, in a way that achieves the principle of integration between the sectors (industry and agriculture) as the most important sectors in increasing national income And his permanence.

In order to reach this goal, the government encourages the private sector to establish agricultural / industrial complexes or what is called "green oil".

In order to reach this goal, the government encourages the private sector to establish agricultural / industrial complexes or what is called "green oil".

The former Undersecretary of the Ministry of Agriculture, Dr. Mahdi Al -Qaisi, said:

Food manufacturing includes a group of industries that all depend on plant and animal agricultural products and marine and fish products, usually

food manufacturing is that it is one of the most prominent pillars of food security.

Al -Qaisi added, in an interview with "Al-Sabah", that the

increase in plant agricultural production and livestock in quantity and quality contribute to the advancement of food manufacturing outputs by

providing the initial material necessary for this industry and
upgrading various preservation and manufacturing operations such as canning, drying, freezing, fermentation, etc., indicating that the

food industry aims to obtain On a product that meets the consumer's desires and ensures its health and nutritional quality.

Absorbing the Surplus

Regarding the goals of preserving and manufacturing food, Al -Qaisi explained that it is the

conservation as much as possible for its natural characteristics
     away from pollution and
     changes that occur in their quality during storage and circulation, and to
     absorb the surplus of crops and agricultural products and
     manufacture them to find a balance between supply and demand and price stability, which

encourages farmers to produce more and at a continuous pace. He pointed out that

Food Manufacturing

     maintains agricultural crops from damage and
     prolonging their treasury life, and
     contributes to absorbing unemployment and
     creating many and varied areas of work.

Al -Qaisi pointed out that lunch

manufacturing is the optimal investment of agricultural raw materials and obtaining secondary products from manufacturing operations that constitute an added economic value, noting that

this reflects the change of the consumer food pattern, which reflects on
     reducing waste and losing food and
     achieving economic feasibility

to face accelerated population increases and the increasing rise in food prices Globally.

Manufacturing Activities

And on the process of upgrading food industries in Iraq, between the agricultural expert: that the food industries sector in Iraq is exposed to a relatively long long period of time to stop in a number of factories and manufacturing activities for several reasons, the most prominent of which is commodity dumping, so it requires serious consideration in the issue of supporting and upgrading national food industries

To take its true position in food and economic security.

Industrial Crops

For his part, economic affairs specialist, Dr. Ahmed Al -Rawi, stated that

Iraq is one of the agricultural countries that are characterized by the production of crops that can be manufactured such as dates, diabetic beets, sesame and vegetables, again the

call for a number of industries that depend on these crops, which encourages farmers to demand the cultivation of industrial crops It helps its development. Al-Rawi told Al -Sabah:

The entry of agricultural products in manufacturing leads to the withdrawal of the surplus of agricultural crops at the time of the peak of its productive season, which maintains their prices from landing, usually food security for any country as part of its national security, and that

one of the procedures for supporting food security is is The establishment of advanced food industries helps to provide the individual-made foods, especially in times of environmental disasters, wars and crises.  https://alsabaah.iq/110110-.html

Prime Minister: The Government Has Taken A Series Of Measures To Facilitate Companies’ Work In The Field Of Digital Transformation

Money and business Economy News – Baghdad Prime Minister Mohammed Shia Al-Sudani confirmed today, Friday, that the government has taken a series of measures to facilitate the work of companies in the field of digital transformation.

The Prime Minister's Media Office said in a statement received by "Al-Eqtisad News", "Prime Minister Mohammed Shia Al-Sudani received the CEO of the German company (Veridos), Mark Seifert, on the sidelines of his participation in the 61st Munich Security Conference."

The statement added that "the meeting discussed developing cooperation with the global company specialized in printing passports and national cards, through its factory in the capital, Baghdad, which is one of the most prominent links in the economic relationship between Iraq and Germany."

Al-Sudani welcomed - according to the statement - the tasks carried out by the company and reviewed its programs, especially those related to digital transformation in developing government services for citizens, indicating that "the government has taken a series of measures within its program to facilitate the work of companies to achieve tangible progress in this field."
https://economy-news.net/content.php?id=52795

Oil Prices Continue To Decline At Settlement

Friday 14 February 2025 | Economic Number of readings: 422 Baghdad / NINA / Oil prices continued to decline at settlement, for the second day in a row, after a series of gains that lasted for three days.

Brent crude futures fell by 16 cents, or 0.21 percent, to settle at $ 75.02 per barrel. "

West Texas Intermediate crude futures also fell by 8 cents, or 0.11 percent, to settle at $ 71.29 per barrel."

The decline came after three days of gains, following the US Energy Information Administration's announcement, earlier on Wednesday, of an increase in crude oil and distillate inventories, and a decline in gasoline inventories last week. / End
https://ninanews.com/Website/News/Details?key=1185576

Al-Sudani Discusses With A Spanish Company Building Iraqi Capabilities In The Field Of Military Industries

Buratha News Agency15020 25-02-14 In Munich, Prime Minister Mohammed Shia Al-Sudani discussed with the head of the Spanish Indra Group building Iraqi capabilities in the field of military industries.

A statement from his office said that Al-Sudani "received at his residence in Munich, today, Friday, the head of the Spanish company (Indra), Angel Escribano, and his accompanying delegation, which is a company specialized in the field of information technology, simulation and automated testing equipment, and electronic defense systems."

The guest delegation reviewed the company's work and contracts in Iraq, where discussions are currently underway with the Ministry of Interior regarding the supply of border security control and monitoring devices.

During the meeting, Al-Sudani stressed "the importance of expanding cooperation mechanisms with Indra Company, and directed to secure a meeting for it with the head of the Military Industrialization Authority to enter into joint projects, including technology transfer and building Iraqi capabilities in the field of military industries." https://burathanews.com/arabic/news/456428

For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/

DINARRECAPS8 2/15/25 DINARRECAPS8 2/15/25

Seeds of Wisdom RV and Economic Updates Saturday Morning 2-15-25

Good Morning Dinar Recaps,

BRAZIL REJECTS BRICS CURRENCY BUT PLANS TO REDUCE US DOLLAR DEPENDENCY

Brazil is all set to chair the 17th BRICS summit in Rio de Janeiro in July this year. The presidency will not advance a BRICS currency but plans to reduce dependency on the US dollar, said four Brazil government officials on the condition of anonymity.

The agenda of the upcoming summit aims to pave the way to end reliance on the US dollar.

The next BRICS summit will discuss the advancement of cross-border payments and cement policies that prefer local currency usage. The move will bring inflation in the US making daily essentials skyrocket and could also lead to job cuts.

Good Morning Dinar Recaps,

Brazil Will Not Work on BRICS Currency But Aim to End Reliance on US Dollar

The Brazilian officials revealed that the idea of a common BRICS currency has not entered technical discussions yet, though Brazil’s President Luiz Inacio Lula da Silva was among the first leaders to flout the idea.

The government officials told Reuters that the next summit will see trade policies solely focused on local currencies.

However, the officials said that reducing reliance on the US dollar does not mean the alliance targets the West. “It’s not directed against anyone,” said the source.

The bloc is also eyeing multilateral bodies like the Bank for International Settlements (BIS) for cross-border transactions. Therefore, BRICS currency might not be a reality now but de-dollarization will be kept alive in different forms.

Sources state that BRICS does not want to launch a currency due to Trump’s erratic behavior. The President warned that if the alliance stops using the US dollar, it will face tariffs on goods entering the country. “There is no chance that BRICS will replace the US Dollar in International Trade, or anywhere else, and any Country that tries should say hello to Tariffs, and goodbye to America!” Trump wrote on Truth Social.

@ Newshounds News™

Source: Watcher Guru

~~~~~~~~~

US IRS PREPARES TO LAY OFF THOUSANDS OF WORKERS, SOURCES SAY

Feb 14 (Reuters) - The U.S. Internal Revenue Service is preparing to fire thousands of workers in the coming days, a move that could squeeze resources at the tax-collecting agency during the critical tax-filing season, two people familiar with the matter said.

Officials from the Office of Personnel Management, which oversees federal hiring, ordered all agencies on Thursday to dismiss their probationary employees, workers who are newer to their positions and do not enjoy full job protections.

The IRS remains busy for months after the deadline, processing returns and delivering refunds to taxpayers.

The IRS layoffs, first reported by the New York Times, come as part of a broader effort by President Donald Trump and Elon Musk's overhaul of the federal government, which they argue is too bloated and inefficient, and ripe with waste and fraud.

The IRS did not immediately respond to a request for comment.

The second person familiar with the impending layoffs expressed concerns that the cuts would be made without care to how it might hinder the agency's operations.

"They are trying to reduce numbers across the board with no analysis to the impact it will have on operations," the person said.

@ Newshounds News™

Source: Reuters

~~~~~~~~~

GEORGIA PLANS BITCOIN INVESTMENTS FOR STATE TREASURY FUNDS

▪️Georgia proposes a bill allowing the state treasurer to invest in Bitcoin to diversify public funds.

▪️The bill aims to use Bitcoin as a hedge against inflation, with strict regulations for risk management.

Georgia has introduced a bill that would authorize the state treasurer to invest public funds in Bitcoin. Many parties were quickly drawn to this action as, up to now, Bitcoin has been more recognized as a speculative asset than a state investment tool.

Once regarded as ‘digital gold’ for young techies, Bitcoin is beginning to find its way into government coffers. This measure intends to diversify Georgia’s financial reserves by including some money into the digital asset. Legislators, on the other hand, view Bitcoin’s usefulness as a hedge against the inflationary upheaval still afflicting the world economy.

@ Newshounds News™

“Tidbits From TNT” Saturday Morning 2-15-2025

TNT:

Tishwash: The Central Bank of Iraq is among the top 10 banks buying gold in the world

The Central Bank of Iraq ranked seventh on the list of central banks that bought the most gold in 2024, according to data from the World Gold Council.

The volume of gold purchases by the Central Bank of Iraq in 2024 amounted to about 20 tons, surpassing Hungary, Uzbekistan and Ghana, while the first six countries on the list are Poland, Turkey, India, Azerbaijan, China and the Czech Republic.

Here is a list of the top 10 central banks buying gold in 2024 :

TNT:

Tishwash: The Central Bank of Iraq is among the top 10 banks buying gold in the world

The Central Bank of Iraq ranked seventh on the list of central banks that bought the most gold in 2024, according to data from the World Gold Council.

Here is a list of the top 10 central banks buying gold in 2024 :

Poland: 89.5 tons

Türkiye: 74.8 tons

India: 72.6 tons

Azerbaijan: 44.8 tons

China: 44.2 tons

Czech Republic: 20.5 tons

Iraq: 20.1 tons

Hungary: 15.5 tons

Uzbekistan: 11 tons

Ghana: 11 tons link

************

Tishwash: Iraq moves towards globalization.. Implementation of international accounting standards begins in 2026

The former director of the Financial Supervision Bureau, Salah Nouri, revealed the steps taken by Iraq to move to fully implement international accounting standards by 2026.

Nouri said in a statement to {Euphrates News} that: "The unified accounting system, which was adopted in the mid-eighties, was appropriate for the economic situation at the time; but it led to Iraq's delay in keeping pace with international standards."

He added, "The Accounting and Auditing Standards Board adopted 14 accounting rules according to international standards until 2016; but that was not enough to keep pace with global developments. In 2017, the board made a bold decision to adopt all international accounting standards, with the aim of enhancing financial transparency and attracting foreign investments, especially in the oil and banking sectors."
Nouri pointed out that "the committee tasked with preparing the new unified accounting system completed its work in 2019, and the implementation of international standards was announced in 2021, but the Corona pandemic postponed this implementation."

He stressed that "the year 2026 will witness the final implementation of these standards, which will make the Iraqi accounting environment consistent with the requirements of global financial markets."
“This step will encourage foreign companies to invest in Iraq and will provide transparent financial data that will help in making sound investment decisions,” Nouri concluded.

International accounting standards are a common language for companies around the world, making it easier for investors to understand companies’ financial statements and make informed investment decisions.

This step comes as part of Iraq’s efforts to enhance financial transparency and attract foreign investment, especially in light of the economic challenges facing the country. link

************

Tishwash: Framework MP calls on Parliament to pass important laws before the end of its constitutional term

Representative of the Coordination Framework, Salem Al Anbaki, called on the House of Representatives to continue performing its duties by discussing and approving important laws that affect the lives of citizens and serve the country.

Al-Anbaky confirmed to {Euphrates News} that "approving these laws before the end of the parliament's constitutional term represents a real duty that must be focused on."

Regarding the mechanism for dealing with laws, Al-Anbaky pointed out that "there is an approach followed by the parliament's presidency in managing the legislative file," noting "the lack of clarity about the method followed to determine priorities, whether by temporal precedence, based on importance, or according to what is presented by parliamentary committees."

Al-Anbaky called for "the necessity of adopting a transparent mechanism for legislating laws in a way that ensures the priority of legislation that touches on citizens' needs and aspirations." link

************

Tishwash: Iraq meets with NATO in Baghdad.. Al-Sudani stresses long-term partnership

Prime Minister Mohammed Shia Al-Sudani received today, Friday, at his residence in Munich, the Commander of the NATO Joint Forces Command, Admiral Stuart Munch.

During the meeting, they discussed enhancing bilateral cooperation with NATO in the field of training, intelligence coordination, and logistical support, based on the outcomes of the recent visit of the NATO Commander to Iraq.

It was also emphasized that the high-level security dialogue would continue in preparation for the bilateral meeting to be held in Baghdad later this year.

The Prime Minister stressed the importance of cooperation, in light of the long-term partnership with NATO, through the advisory role in the field of combating terrorism and developing and rehabilitating the Iraqi security forces, in a way that contributes to strengthening Iraq's security and stability.

For his part, Admiral Munch stressed the importance of the bilateral relationship in the field of providing advice and training, praising the great development in the capabilities of the Iraqi forces to confront challenges and impose security. link

************

Mot: UH OH - the day after!!!

Mot: That Was a Close un Bob

Dinar Recaps 20 2/14/25 Dinar Recaps 20 2/14/25

Some “Iraq News” Posted by Clare at KTFA 2-14-2025

KTFA

Clare: Source: Loans and advances have been suspended in banks since the beginning of the year.. and the reasons are revealed

2/14/2025

An informed source reported that Iraqi banks have not issued any loans or advances since the beginning of this year until now.

The source told Al Furat News Agency that "the reason behind this halt is the lack of financial liquidity and the required allocations."

KTFA

Clare: Source: Loans and advances have been suspended in banks since the beginning of the year.. and the reasons are revealed

2/14/2025

An informed source reported that Iraqi banks have not issued any loans or advances since the beginning of this year until now.

The source told Al Furat News Agency that "the reason behind this halt is the lack of financial liquidity and the required allocations."

He pointed out that it is also likely that "the suspension will be to await the approval of the new controls and conditions by the Central Bank of Iraq and other relevant authorities, in preparation for their launch. LINK

************

Clare: Al-Sudani Heads to Germany to Participate in the 61st Munich Security Conference

2/13/2025 Baghdad-

Prime Minister Mohammed S. Al-Sudani Headed to Germany to Participate in the 61st Munich Security Conference following the conclusion of his official visit to the Czech capital, Prague, which included the following:

Holding extensive discussions with the Prime Minister of the Czech Republic.

Meeting with the President of the Czech Republic.

Meeting with the Speaker of the Czech Parliament.

Overseeing the signing ceremony of the air transport agreement between the Iraqi and Czech civil aviation authorities.

Overseeing the signing of five memoranda of understanding:

A memorandum of understanding between the Iraqi Ministry of Oil and the Czech Ministry of Industry and Trade.

A draft memorandum of understanding between the Ministries of Interior of Iraq and the Czech Republic.

A cooperation memorandum between the Iraqi and Czech Federations of Industries.

A cooperation memorandum between the Iraqi and Czech Chambers of Commerce.

A letter of intent with the Iraqi Ministry of Environment.

Attending a meeting of the Chamber of Commerce and the Federations of Industries in Iraq and the Czech Republic.

Meeting with members of the Iraqi community in the Czech Republic.

Receiving a representative from Aero Vodochody, a company specializing in aircraft manufacturing.

Receiving a representative from UNIS, a company specializing in oil and gas production and petrochemical industries. LINK

************

Clare: Al-Sudani receives a delegation from Klass Company in Munich

2/14/2025 Baghdad /

Prime Minister Mohammed Shia Al-Sudani received today, Friday, a delegation from Klas Company, which specializes in agricultural equipment, on the sidelines of his participation in the 61st Munich Security Conference.

Al-Sudani praised the work of the company, which has proven its success in Iraq and gained the trust of Iraqi farmers for its strength, pointing out that there is a popular market in Iraq for agricultural equipment, including equipment manufactured by Klas Company, in addition to the importance of cooperation and partnership with the General Company for Agricultural Equipment, and building a production line in Iraq.

Al-Sudani stressed that the government program has allocated a large space to support the agricultural sector, due to its connection to food security, and its contribution to strengthening and diversifying the economy, pointing out that Iraq exports large quantities of local wheat, after successful seasons of cultivation and continuous government support for farmers.

For his part, the delegation reviewed the work of the company, which has been present in Iraq for decades, and the desire to establish a real partnership, and the company's readiness to build a training center to develop Iraqi capabilities, as well as build a center to provide service for maintenance work of equipment and machines.LINK

************

Clare: Iraq wins the position of Vice President of the Middle East Committee of UNTO

2/12/2025 Baghdad -

Iraq achieved a remarkable achievement today, Wednesday, by winning the position of Vice President of the Middle East Committee of the United Nations Tourism Organization.

The correspondent of the Iraqi News Agency (INA) reported: "Iraq participated in the fifty-first meeting of the Regional Committee for the Middle East of the United Nations Tourism Organization, in the presence of a number of Arab tourism ministers and tourism sector officials in member states."

He added, "Iraq achieved a remarkable achievement by winning the position of Vice President of the Middle East Committee, in a step that reflects the progress witnessed by the Iraqi tourism sector and its growing role at the regional and international levels."

He continued, "The Iraqi delegation, headed by Nasser Murad Ghanem, Chairman of the Tourism Authority, and including Jabbar Manloon Al-Gharibawi, Director General of the Department of Tourism Facilities, and Ali Yassin, Director of the International Relations Department, held intensive meetings with their counterparts from Arab countries to enhance joint cooperation in the tourism field, and presented souvenirs to the participants, including copies of the blog "Baghdad, the Capital of Arab Tourism for the year 2025", the Baghdad Tourist Guide, and carpets decorated with pictures of Iraqi historical and archaeological sites, in addition to medals bearing the logo of Baghdad, the Capital of Arab Culture and Tourism."

He continued, "This achievement is an important step to enhance Iraq's position on the regional and international tourism map, especially with its preparations to host the events of "Baghdad, the Capital of Arab Tourism for the year 2025", which represents a great opportunity to highlight Iraq's rich cultural and historical heritage." LINK

************

Clare: Minister of Electricity discusses station maintenance with General Electric in preparation for summer

2/14/2025

Minister of Electricity Ziad Ali Fadel held a meeting with officials from the American company General Electric, to discuss the progress of maintenance work on the power stations according to the long-term maintenance contract between the two parties.

The Minister's media office explained in a statement received by {Euphrates News}, that "the contract includes periodic maintenance for about 14 power stations in various Iraqi governorates, in addition to providing original spare parts for consumed equipment, which contributes to ensuring the continuity of the stations' operation with high efficiency."

The Minister stressed "the need to accelerate the completion of maintenance work according to the specified timetables, in preparation for the peak demand season for electricity during the summer."

These meetings come as part of the Minister's continuous follow-up of plans to develop the electricity sector and ensure the readiness of stations to meet citizens' needs for electrical energy. LINK

DINARRECAPS8 2/14/25 DINARRECAPS8 2/14/25

Seeds of Wisdom RV and Economic Updates Friday Afternoon 2-14-25

Good Afternoon Dinar Recaps,

U.S. BANKS EYE CRYPTO CUSTODY AMID TRUMP’S PRO-CRYPTO SHIFT

The U.S. crypto scene is booming with President Donald Trump’s return, as his pro-crypto stance and push for clear regulations are sparking excitement on Wall Street.

In a recent update, Crypto reporter Yueqi Yang has shared insights on the growing involvement of U.S. banks in the crypto services sector. Notably, some large banks are leveraging regulatory changes under President Trump to enter the market, with a focus on cryptocurrency custody.

Good Afternoon Dinar Recaps,

Citigroup is considering adding crypto custody services, according to sources quoted by The Information. This move follows the bank’s announcement of a successful proof of concept project, which showed its ability to issue and store tokenized private equity funds on a blockchain network.

Citigroup Joins Major Financial Players

Notably, Citigroup, with $2.4 trillion in assets, is joining other major financial institutions in the growing digital asset custody space.

BNY Mellon is expanding its custody services beyond Bitcoin and Ethereum ETFs, while Standard Chartered has rolled out a digital asset custody service in Dubai. HSBC is planning institutional-grade custody offering, and Crédit Agricole and Banco Santander’s joint venture secured crypto custody approval in France.

Meanwhile, State Street, managing $44.3 trillion, partnered with Taurus to offer crypto custody and tokenization services for institutional investors.

While Coinbase is in talks with banks to offer custody and trading services, however, many banks are still waiting for approval from the Federal Reserve and the New York Department of Financial Services, which is delaying their entry into crypto trading, noted The Information reporter Yueqi Yang.

More Banks Eye Crypto Services

Jerome Powell, the Federal Reserve Chair, said U.S. banks with proper risk checks could serve crypto clients. However, many in the industry are concerned about debanking tied to new tech. Recently, Powell has promised to work with Congress to end this issue.

At the same time, more banks are eyeing crypto services. In January, Morgan Stanley-backed E-Trade hinted at offering crypto services, while Goldman Sachs said it would consider digital asset operations if regulations allowed.

@ Newshounds News™

Source: Coinpedia

~~~~~~~~~

JUDGE REMOVES KEY LEGAL HURDLE FOR TRUMP’S PLAN TO TRIM FEDERAL WORKFORCE WITH DEFERRED RESIGNATIONS

WASHINGTON (AP) — A federal judge on Wednesday removed a key legal hurdle stalling President Donald Trump ’s plan to downsize the federal workforce with a deferred resignation program.

The Boston-based judge’s order in the challenge filed by a group of labor unions was a significant legal victory for the Republican president after a string of courtroom setbacks.

“This goes to show that lawfare will not ultimately prevail over the will of 77 million Americans who supported President Trump and his priorities,” said White House press secretary Karoline Leavitt.

Another group of unions filed a lawsuit in Washington, D.C. late Wednesday, though its potential impacts were not immediately clear.

About 75,000 federal workers accepted the offer to quit in return for being paid until Sept. 30, according to McLaurine Pinover, a spokesperson for the Office of Personnel Management.

She said the deferred resignation program “provides generous benefits so federal workers can plan for their futures,” and it was now closed to additional workers.

@ Newshounds News™

Source: AP News

~~~~~~~~~

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Dinar Recaps 20 2/14/25 Dinar Recaps 20 2/14/25

‘The System Is Rigged to Collapse’ – Why This Is an Escape Hatch | Jeff Booth

‘The System Is Rigged to Collapse’ – Why This Is an Escape Hatch | Jeff Booth

Kitco News: 2-13-2025

Is the world being repriced right now and what does that mean? The U.S. debt spiral has reached a breaking point, surpassing $36 trillion, with inflation and financial repression accelerating.

As trust in fiat currencies erodes, Bitcoin and gold are emerging as competing safe havens, but will governments embrace, manipulate, or try to control them?

Jeff Booth breaks down why the current system is unsustainable, how AI and deflationary forces are colliding with an inflation-driven monetary system, and whether a Bitcoin Strategic Reserve is inevitable.

‘The System Is Rigged to Collapse’ – Why This Is an Escape Hatch | Jeff Booth

Kitco News: 2-13-2025

Is the world being repriced right now and what does that mean? The U.S. debt spiral has reached a breaking point, surpassing $36 trillion, with inflation and financial repression accelerating.

As trust in fiat currencies erodes, Bitcoin and gold are emerging as competing safe havens, but will governments embrace, manipulate, or try to control them?

With central banks accumulating gold at record levels and Bitcoin adoption spreading, we ask: Is a financial reset coming? What happens to your wealth, your savings, and the future of money?

Key Points:

-Why the U.S. debt crisis is past the point of no return

-Could Bitcoin become a national strategic reserve asset?

-Is Bitcoin’s decentralization strong enough to resist state control?

-Gold vs. Bitcoin: Which wins in a financial reset?

-How inflation, AI, and monetary policy are reshaping global markets

00:00 Introduction: US Sovereign Wealth Fund & Bitcoin's Role

02:39 Bitcoin's Impact on the Economy and Inflation

09:08 Volatility and Security Concerns with Bitcoin

20:30 Comparing Bitcoin and Gold as Investment Assets

26:08 Bitcoin's Impact on Global Politics

28:12 The Chaos Loop and Global History of Money

30:37 The Rapid Growth of Bitcoin Adoption

35:36 Predictions for Bitcoin and the Global Economy

41:50 Global Leaders in Bitcoin Adoption

https://www.youtube.com/watch?v=RwRRqkzN4uE

Dinar Recaps 20 2/14/25 Dinar Recaps 20 2/14/25

Banking System Implosion

Banking System Implosion

Liberty and Finance: 2-13-2025

In a recent appearance on Liberty and Finance, financial analyst Gregory Mannarino dissected the precarious state of the banking system and its broader ramifications on the American economy.

Mannarino pulled no punches, highlighting the inherent flaws within the fiat currency model, the inadequacy of Federal Reserve audits, and the dangers lurking within the deregulation of banks.

Mannarino began by addressing the fundamental challenge of managing national finances within a fiat currency system.

Banking System Implosion

Liberty and Finance: 2-13-2025

In a recent appearance on Liberty and Finance, financial analyst Gregory Mannarino dissected the precarious state of the banking system and its broader ramifications on the American economy.

Mannarino pulled no punches, highlighting the inherent flaws within the fiat currency model, the inadequacy of Federal Reserve audits, and the dangers lurking within the deregulation of banks.

Mannarino began by addressing the fundamental challenge of managing national finances within a fiat currency system.

He argued persuasively that the inherent structure of fiat money, unbacked by tangible assets, makes reigning in government spending an uphill battle. This, he contends, contributes significantly to the ongoing economic struggles and the relentless expansion of the national debt.

Without the discipline imposed by a commodity-backed currency, governments are more inclined to overspend, leading to inflation and erosion of purchasing power.

Furthermore, Mannarino cast a critical eye on the audits conducted by the Federal Reserve. He argued that these audits are often superficial and fail to provide a transparent and comprehensive picture of the nation’s financial health. This lack of transparency, he claims, leaves consumers in the dark, unable to make informed decisions based on the true state of affairs. Instead, they are often presented with a sanitized version of reality, obscuring the systemic risks brewing beneath the surface.

He stressed the importance of individuals demanding greater accountability and transparency from the central bank to safeguard their financial well-being.

Perhaps the most alarming aspect of Mannarino’s analysis centered on the deregulation of banks. He warned that loosening the regulatory reins on financial institutions could pave the way for increased risk-taking and potentially devastating consequences for consumers.

Deregulation, he argues, allows banks to engage in more speculative activities, ultimately jeopardizing the financial security of average citizens. This echoes concerns raised in previous financial crises, where inadequate oversight allowed banks to engage in reckless behavior, leading to widespread economic devastation.

Interestingly, Mannarino also addressed the attention being given to Bank of America, suggesting that it might be strategically positioned as a scapegoat for problems that extend far beyond the institution itself. He warned against focusing solely on individual entities while ignoring the deeper systemic issues that plague the entire financial landscape.

By singling out Bank of America, he suspects, the powers that be may be attempting to divert attention from the broader structural flaws that require fundamental reform.

In conclusion, Gregory Mannarino’s appearance on Liberty and Finance painted a stark picture of the challenges facing the American economy.

His insights into the limitations of the fiat currency system, the inadequacies of Federal Reserve audits, and the dangers of deregulation serve as a potent warning for consumers to remain vigilant and demand greater accountability from those entrusted with managing the nation’s financial affairs.

His commentary serves as a stark reminder that understanding the complexities of the banking system and the policies that shape it is crucial for protecting one’s financial future in an increasingly volatile economic environment.

https://youtu.be/PAucB198T_Q

DINARRECAPS8 2/14/25 DINARRECAPS8 2/14/25

Seeds of Wisdom RV and Economic Updates Friday Morning 2-14-25

Good Morning Dinar Recaps,

TWO NEW FEDERAL LAWSUITS CHALLENGE TRUMP, MUSK AND DOGE ON CONSTITUTIONAL GROUNDS

WASHINGTON — More than a dozen state attorneys general and numerous current and former government employees filed lawsuits Thursday aiming to stop billionaire Elon Musk from shuttering federal agencies.

Good Morning Dinar Recaps,

The two complaints allege the far-reaching power Musk has asserted under the so-called Department of Government Efficiency, or DOGE, is a violation of the Constitution’s Appointments Clause. The clause stipulates presidential appointments must come under the advice and consent of the U.S. Senate.

“Questions regarding Defendant Musk’s and DOGE’s role, scope of authority, and proper appointment processes are not merely academic. Plaintiffs — among countless other American individuals and entities — have had their lives upended as a result of the actions undertaken by Defendants Musk and DOGE,” according to a complaint filed by 26 unnamed former and current employees in the U.S. District Court for the District of Maryland.

The employees, though unidentified, collectively have decades of service at federal agencies, including USAID, where on Feb. 2 Musk’s DOGE personnel broke into the agency’s headquarters.

Citing damages to their careers and financial security, the plaintiffs are seeking the court to block “Defendant Musk and his DOGE subordinates from performing their significant and wide-ranging duties unless and until Defendant Musk is properly appointed pursuant to the U.S. Constitution.”

Democratic attorneys general

Fourteen state attorneys general filed a separate lawsuit in the U.S. District Court in the District of Columbia, requesting the court block further action from Musk and DOGE. The lawsuit also names President Donald Trump as a defendant.

Trump established the U.S. DOGE Service on his first night in office via executive order, and created the entity as a temporary organization with the purposes of modernizing government technology. Presidents do not have the power to create new federal agencies; by law only Congress can.

Musk is a “special government employee,” according to the White House.

The state attorneys general also argue that Musk’s actions, with Trump’s blessing, are violating the law governing temporary organizations under the executive branch.

“By its plain terms, this limited authorization does not amount to a carte blanche grant of authority to the Executive to create new federal agencies from whole cloth,” according to the complaint.

In the first three weeks of Trump’s administration, Musk and his personnel — most of whom worked at one of Musk’s private companies — have accessed the backend of numerous government agencies, including the Department of Treasury’s central payment system, and orchestrated the ouster of civil servants.

Musk has touted on X canceling millions upon millions in government payments and contracts.

Lawsuits pile up

The two lawsuits Thursday are just the latest among scores of legal challenges piling up against Musk and Trump.

Musk has lashed out on X, his own social media platform, against federal judges who have issued injunctions against the Trump administration.

New Mexico Attorney General Raúl Torrez said the U.S. Constitution was “founded in part to guard against the accumulation of state power in the hands of a single individual.”

“And while that construction was first focused on the abuse of power of an 18th-century monarch, it is no less dangerous in the hands of a 21st-century tech tycoon,” Torrez said during a virtual Thursday press conference alongside Arizona Attorney General Kris Mayes and Michigan Attorney General Dana Nessel.

Mayes said Americans are witnessing an “ongoing coup against the Constitution of the United States as we speak.”

“The richest man in the world is now running roughshod over the authority of federal agencies in violation of the rule of law and the Constitution,” Mayes said.

Nessel said Musk’s actions are “by far the largest and most urgent concern of the individuals, Michiganders, who have been reaching out to my office.”
]
“It’s left them feeling hopeless and paralyzed to protect themselves, their personal information, critical funding, programming and jobs that they depend on,” Nessel said during the press conference.

State attorneys general from California, Connecticut, Hawaii, Maryland, Massachusetts, Minnesota, Nevada, Oregon, Rhode Island, Vermont and Washington, also joined the lawsuit.

Musk’s estimated wealth is $379 billion, according to Bloomberg’s billionaire index cited by the government employee plaintiffs. Musk owns Tesla, SpaceX, Neurolink, xAI and X, formerly known as Twitter. During the 2024 presidential election cycle, Musk was the top donor to Trump and Republicans at $288 million.

@ Newshounds News™

Source: TennesseeLookout

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MICHIGAN BECOMES LATEST STATE TO PROPOSE CRYPTO RESERVE BILL

A bill filed in Michigan’s House would allow the state to buy crypto and lend it out to increase yields for state funds.

Michigan has become the latest US state to propose a strategic Bitcoin reserve bill, bringing the total number of states moving crypto reserve-related legislation to 20.

On Feb. 13, Representatives Bryan Posthumus and Ron Robinson introduced HB 4087 to amend the state’s Management and Budget Act to establish a strategic Bitcoin reserve.

The move makes Michigan the 20th US state with legislation for state crypto investments pending a vote.

“Michigan can and should join Texas in leading on crypto policy by signing into law my bill creating the Michigan Crypto Strategic Reserve,” Posthumus said on X. Texas Senator Charles Schwertner had filed a similar bill to the state’s Senate on Feb. 12.

The Michigan bill would allow the state’s treasurer to invest in crypto from both the general fund and economic stabilization fund with a cap of 10%. The bill doesn’t specify any limits or guidelines for what cryptocurrencies can be bought for the reserve.

The bill also includes a provision for lending crypto, saying that “if cryptocurrency can be loaned without increasing financial risk to this state, the state treasurer is permitted to loan the cryptocurrency to yield further return to this state.”

The state must hold crypto directly through secure custody solutions or exchange-traded products from registered investment companies.

Michigan’s state pension fund already has exposure to Bitcoin and Ether exchange-traded funds.

Posthumus also floated the idea of “MichCoin” in a Feb. 13 X post, which he said was “a stablecoin, which I believe the state of Michigan should create” that he said would “have real value — tied to our gold and silver reserves.”

There are currently 20 US states that have crypto reserve bills that have advanced beyond the level of a House committee.

The most recent state to propose or amend a crypto bill was Texas, which filed for legislation this week to allow the state to invest and trade crypto assets. North Dakota, meanwhile, is the only state to have rejected legislation regarding crypto investments.

@ Newshounds News™

Source: CoinTelegraph

~~~~~~~~~

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Thank you Dinar Recaps

Dinar Recaps 20 2/14/25 Dinar Recaps 20 2/14/25

“Tidbits From TNT” Friday Morning 2-14-2025

TNT:

Tishwash: this is about old dollar notes ... or is it?

Iraq’s market turns away from “old US Dollar”

Deeply entrenched since the 2003 US invasion, the dollar has become a cornerstone of Iraq’s economy, fueling oil exports, trade, and daily transactions, effectively operating as a parallel currency. However, older banknotes, especially pre-2003 issues, face growing rejection from traders and exchange offices.

Dollar in Iraqi Economy

The US dollar holds a significant position in Iraq's economy, functioning almost as a secondary currency. This prominence is rooted in the economic restructuring that followed the 2003 US invasion, during which the United States assisted in establishing the Central Bank of Iraq. Consequently, the dollar became deeply integrated into Iraq's financial system, especially given the country's substantial informal economy that relies heavily on cash transactions.

TNT:

Tishwash: this is about old dollar notes ... or is it?

Iraq’s market turns away from “old US Dollar”

Dollar in Iraqi Economy

Iraq's oil industry, accounting for nearly 99% of the country’s exports, operates primarily in US dollars. This reliance reinforces the dollar’s dominance while closely linking Iraq’s economic stability to fluctuations in the US currency.

In Iraq, the old-design $100 US banknote, particularly those printed in 2003 or earlier, is commonly referred to as “Al-Ammani.” The term dates back to the 1990s when this denomination was widely circulated in Amman, Jordan. Due to strong trade ties between Iraq and Jordan at the time, the nickname made its way into Iraq.

Turns Away from Old Dollar Bills

Over time, new versions of the $100 bill with enhanced security features were introduced, making older editions less common in circulation.

Ahmed Sadiq, owner of Al-Aws exchange office, told Shafaq News that “some currency exchange offices refuse to buy old-design US dollar banknotes from customers,” noting that others accept them but at a rate 2,000 to 3,000 dinars lower than the market price.

He added that some exchange offices stamp certain dollar banknotes with a special office seal to avoid disputes, “because some customers have returned dollar bills to exchange offices, claiming they were counterfeit and alleging they had purchased them from those offices.”

“Marking foreign currency with a seal could create difficulties for buyers when trying to exchange them abroad,” he acknowledged.

For his part, Jowad Malik, owner of Al-Fas exchange office, told Shafaq News that “the reluctance to deal with old-design US dollars stems from counterfeiting cases in Turkiye and Jordan and rumors of such banknotes entering Iraq.” He noted that “many exchange office owners no longer accept them, considering them a thing of the past, or they buy them at a discount of up to 20,000 dinars or more—mainly those who can exchange them at the central bank.”

He also pointed out that many exchange offices refuse to handle $1 bills sometimes even $5 bills, despite neighboring countries accepting, assuming that this is largely influenced by major traders who dominate dollar transactions.

In addition, Iraqi trader Haider Al-Hassani told Shafaq News that he completely avoids dealing with old US dollar banknotes “to prevent counterfeiting risks,” as “older notes lack clear security features.”

Al-Hassani added that he also refrains from trading even in new US dollar bills, stating that “economic security regulations prohibit their exchange at market rates.”

Official Stance and Banking Regulations

Director General of Accounting at the Central Bank, Ihsan Shammran, stated to Shafaq News that “all US dollar banknotes issued by the Federal Reserve remain in circulation, and there are no directives from the bank suggesting otherwise, provided the notes are authentic and not counterfeit.”

He added that “the Central Bank of Iraq (CBI) and commercial banks continue to accept all denominations and past series of US dollar banknotes as long as they are genuine.”

Regarding the legitimacy of refusing the banknotes, the financial expert and former CBI Director General, Mahmoud Dagher, explained to Shafaq News that “no matter what happens, neither the public, traders, nor exchange office owners can be forced to accept old-design US dollars,” calling the practice a matter of personal discretion. link

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Tishwash: Iraq, Czech strengthen ties with key agreements

On Thursday, Iraqi Prime Minister Mohammed Shia al-Sudani met with Czech Prime Minister Petr Fiala in Prague.

Al-Sudani’s media office stated that both sides signed an agreement and five memorandums of understanding across various sectors.

“The ceremony included the signing of an air transport agreement between the Iraqi and Czech civil aviation authorities, as well as a memorandum of understanding between the Iraqi Ministry of Oil and the Czech Ministry of Industry and Trade.”

The media office added that “a draft memorandum of understanding was signed between the Ministries of Interior of Iraq and the Czech Republic, along with a cooperation memorandum between the Iraqi and Czech Federations of Industries, another between the Iraqi and Czech Chambers of Commerce, and a letter of intent with the Iraqi Ministry of Environment.” link

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Tishwash: Valentine's Day gifts, led by the Tahoe, revive local markets in Iraq

Valentine's Day gift shops witnessed a state of peak and alert during the past two days, as the demand for buying gifts that reflect feelings of love and affection between spouses and lovers increased.

Ibrahim Ali, owner of a gift shop, told Baghdad Today, “Valentine’s Day begins on February 14, and this occasion has begun to witness an increasing presence in Iraqi society, especially in recent years.”

He explained that "there is a real demand for buying gifts by couples, but what is interesting is that the subject is not limited to the youth or newlyweds, but even the elderly, which reflects a message of affection and mercy between spouses and the continuation of the marital relationship. It is an expression of gratitude, communication and harmony, and is a beautiful moment."

Ali added, "Today is the peak day for us, and there is a great demand for buying Valentine's Day gifts, but the level of demand varies from year to year. In some years, demand was very high, and in other years it was low, and this is affected by economic and security factors that put pressure on the level of purchasing."

For his part, Wasfi Karim, who is also a gift seller, pointed out that “the purchasing rate in the past few days was somewhat good, but less than last year, and we hope that today will witness a greater turnout, especially since the weather and general atmosphere encourage celebrating Valentine’s Day, although the economic situation still affects the rates of celebration.”

Karim explained that “a large portion of his customers are shy, so when someone buys a gift for Valentine’s Day, they put it in a dark bag, trying to hide their celebration of this occasion. This reflects an individual privacy that cannot be generalized.”

In a related context, Wajdi Al-Azzawi, owner of a gift and materials sales agency, said, “Valentine’s Day gifts are prepared early, up to a month or two, and are distributed to a large number of shops in Baqubah and the cities of Diyala, and even in the countryside there is a demand for them.”

He told Baghdad Today, "This phenomenon reflects the community's interaction with the occasion, even though we are in a conservative environment, and there are calls to reduce the celebration of Valentine's Day, but it seems that the language of love between spouses, even if it is not announced, is increasingly interacting."

Al-Azzawi added, "Society interacts with this occasion in varying degrees. In some years, there are big celebrations, while in other years, the celebration is modest. Therefore, there are many factors that affect the celebration of Valentine's Day."

In turn, economic expert Nabil Al-Marsoumi stated that "there is an increase in demand for Tahoe cars on Valentine's Day."

Al-Marsoumi pointed out on his Facebook account, which was followed by Baghdad Today, that “Valentine’s Day is one of the most prominent commercial seasons in the world, as it witnesses a significant increase in spending rates on gifts and celebrations, which enhances the movement of markets and supports many economic sectors, from trade to hospitality and tourism. The travel sector also witnesses a noticeable recovery during this occasion, which prompts airlines and hotels to launch special offers to enhance tourism.”

Al-Marsoumi added, “Valentine’s Day has some positive effects on various economies, as estimates from the Ornamental Plants and Products Exporters Association indicate that Turkey exported about 75 million roses to Europe, worth up to $10 million. These roses were exported to 30 countries, most notably the Netherlands, Britain, Germany and Romania, driven by Valentine’s Day events this year.

In the United States, consumer spending on this occasion rises to more than $20 billion, which leads to accelerating the growth rate of the gross domestic product there,” noting that “the impact will be limited in developing countries, including Iraq, as the increase in consumer spending will lead to an increase in imports without leaving a positive impact on the economy.”

The economic expert added, "Iraqis spend a lot of money on travel on Valentine's Day, especially since Iraq's average annual spending on tourism, according to World Bank estimates, is $7.5 billion," adding, "This is due to the poor distribution of income in Iraq, which is represented by a small segment of the population controlling the largest part of the national income. There are 36 billionaires in Iraq, each of whom owns more than a billion dollars, and according to a French study, there are 16 thousand millionaires, each of whom owns between one million and one billion dollars."

He added, "Because of this, Valentine's Day this year witnessed a great demand from these rich people for Tahoe cars as gifts presented on this occasion, noting that the price of the Tahoe is about 100 million dinars, which is equivalent to the monthly salaries of about 150 employees."

Valentine's Day, or as it is known, Love's Day, is one of the social occasions celebrated by the world and Iraqis in February of each year, where people compete to buy gifts and present them to their partners, as gifts and their shops are colored red, expressing the color of the heart, in a step that expresses sharing love. link

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Mot: hee hee hee They wont see it coming

Mot: When Ya Just Have Had Enough of the Silliness!!!

Mot: Go fur it -- if its fur You!!!

DINARRECAPS8 2/13/25 DINARRECAPS8 2/13/25

Iraq Economic News and Points to Ponder Thursday Evening 2-13-25

Investments 2025: Economic Renaissance Under The Umbrella Of The General Budget

Time: 2025/02/13 12:56:05 Read: 1,725 times {Economic: Al Furat News} Mazhar Muhammad Salih, financial and economic advisor to Prime Minister Muhammad Shia al-Sudani, confirmed today, Thursday, that investment projects for the year 2025 are an integral part of the investment section in the Federal General Budget Law.

Investments 2025: Economic Renaissance Under The Umbrella Of The General Budget

He added in his statement to {Euphrates News} that "the three-year general budget was enacted to give the development policy sufficient flexibility in implementing investment projects without interruption, according to a flexible and rational vision that takes into account the indicators of the National Development Plan 2024-2028, and according to the available financing capabilities drawn up in the plan and the general budget together." LINK

Iraq's Golden Treasure.. Will It Protect The Country From Economic Fluctuations?

Time: 2025/02/13 Read: 1,380 times {Economic: Al Furat News} Member of the Finance Committee, Jamal Kocher, confirmed that Iraq’s gold reserves represent a safety valve for the Iraqi economy.

"Iraq's gold reserves make Iraq and the entire state safe and protect the country from any sudden economic crises," Kocher told {Euphrates News}.
Kocher pointed out that "the issue of rising and falling gold prices globally does not affect the reserve."
Gold is considered a safe haven in times of economic crises, as it maintains its value or increases with the deterioration of other currencies.
Iraq has a large gold reserve, which enhances its economic strength and protects it from external shocks.
The economic advisor to the Prime Minister, Mazhar Mohammed Salih, revealed Iraq's gold reserves, estimated at about 152 tons.
Although gold prices may fluctuate globally, this does not affect the value of Iraq's gold reserve in the long term. LINK

Al-Maamari: The Central Bank Supports The Agricultural, Industrial And Residential Sectors With Loans Amounting To One Billion Dinars Through The Electronic Development Portal

Thursday 13 February 2025 Economic Number of readings: 368 Mosul / NINA / The official in charge of the alternative energy file in Nineveh, Khader Al-Maamari, confirmed that the Central Bank of Iraq has launched an initiative to support the agricultural and industrial sectors, in addition to the housing sector, by providing loans of up to one billion dinars for some projects through the electronic development portal.

He said in a statement to the National Iraqi News Agency / NINA / that "the initiative comes within the framework of government efforts to stimulate the national economy and enhance sustainable development in Iraq, which contributes to raising the level of local production and achieving stability in these vital sectors."

Al-Maamari added that "the loans provided will target projects that contribute to providing job opportunities, increasing local production, and encouraging investment in the fields of agriculture, industry and housing. He also pointed out that applying for these loans will be through the electronic development portal launched by the Central Bank, which facilitates the application process and speeds up procedures for beneficiaries."

He urged "all investors and owners of small and medium enterprises in Nineveh to take advantage of this opportunity, stressing that the initiative represents a real opportunity to support agricultural, industrial and housing projects that contribute to developing the infrastructure and achieving sustainable development in the governorate."

He pointed out that "the process of applying for loans will be carried out according to specific terms and conditions, as the submitted projects will be carefully studied to ensure that loans are allocated to the most feasible projects. He expected that this program will contribute to strengthening the local economy and providing job opportunities for young people in Nineveh."

He explained, "Awareness workshops will be organized for potential beneficiaries in Nineveh on how to apply and benefit from this initiative, to ensure maximum benefit from the support provided." / https://ninanews.com/Website/News/Details?key=1185413

Dollar Prices Fall In Baghdad Markets

Stock Exchange Economy News – Baghdad The US dollar exchange rate fell this morning, Thursday, in Baghdad markets.

The dollar prices witnessed a decrease in the Al-Kifah and Al-Harithiya stock exchanges, recording 150,250 Iraqi dinars for every 100 dollars, while yesterday morning, Wednesday, it recorded 150,400 dinars for every 100 dollars.

Selling prices in exchange shops in local markets in Baghdad recorded a decrease, as the selling price reached 151,250 Iraqi dinars for 100 dollars, while the purchase price reached 149,250 dinars for 100 dollars. https://economy-news.net/content.php?id=52750

Gold Continues Its Historic Rise In Baghdad Markets

Stock Exchange Economy News – Baghdad The prices of foreign and Iraqi gold rose in the local markets in the capital, Baghdad, today, Thursday (February 13, 2025).

Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, this morning recorded a selling price for one mithqal of 21 karat Gulf, Turkish and European gold of 616 thousand dinars, and a purchase price of 612 thousand dinars.

The selling price of one mithqal of 21-karat Iraqi gold reached 586 thousand dinars, and the purchase price was 582 thousand.

As for gold prices in goldsmiths’ shops, the selling price of a mithqal of 21-karat Gulf gold ranges between 615,000 and 625,000 dinars, and the selling price of a mithqal of Iraqi gold ranges between 505,000 and 515,000 dinars. https://economy-news.net/content.php?id=52755

National Bank Of Iraq Achieves Strong Financial Growth In 2024

Banks The National Bank of Iraq announced its financial results for the year 2024, which showed remarkable growth in various financial indicators, reflecting the strength of the bank’s performance and its expansion in providing banking and credit services.

The bank's assets during the year 2024 amounted to about 5.1 trillion Iraqi dinars compared to 3.9 trillion dinars in 2023, recording a growth rate of 30.8%. Credit facilities also increased to 1.78 trillion dinars after they were 1.3 trillion dinars in 2023, achieving a growth rate of 36.9%.

As for deposits, they witnessed a significant increase, reaching 3.46 trillion dinars in 2024, compared to 2.9 trillion dinars in 2023, an increase of 19.3%. Pre-tax profits also rose to 293.9 billion dinars in 2024, after they were 228.9 billion dinars in 2023, recording a growth of 28.4%.

As for revenues, they increased to 452 billion dinars in 2024, compared to 343.1 billion dinars in 2023, with a growth rate of 31.7%. The bank’s investments in government bonds amounted to about 920 billion dinars.

The bank achieved net profits after deducting income tax of 252.3 billion dinars during the past year, while the volume of the bank’s purchases on behalf of customers from the currency sales window amounted to more than 16.2 billion dollars, which resulted in achieving commissions worth 151 billion dinars. https://economy-news.net/content.php?id=52762

For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/

DINARRECAPS8 2/13/25 DINARRECAPS8 2/13/25

Seeds of Wisdom RV and Economic Updates Thursday Evening 2-13-25

Good Evening Dinar Recaps,

“This goes to show that lawfare will not ultimately prevail over the will of 77 million Americans who supported President Trump and his priorities,” said White House press secretary Karoline Leavitt.

Another group of unions filed a lawsuit in Washington, D.C. late Wednesday, though its potential impacts were not immediately clear.

About 75,000 federal workers accepted the offer to quit in return for being paid until Sept. 30, according to McLaurine Pinover, a spokesperson for the Office of Personnel Management.

She said the deferred resignation program “provides generous benefits so federal workers can plan for their futures,” and it was now closed to additional workers.

American Federation of Government Employees National President Everett Kelley said in a statement that the union’s lawyers are assessing the next steps.

“Today’s ruling is a setback in the fight for dignity and fairness for public servants,” Kelley said. “But it’s not the end of that fight. Importantly, this decision did not address the underlying lawfulness of the program.”

The union continues to maintain that it’s illegal to force American citizens to make a decision, in a few short days, without adequate information, about “whether to uproot their families and leave their careers for what amounts to an unfunded IOU from Elon Musk,” the statement said.

U.S. District Judge George O’Toole Jr. in Boston found that the unions weren’t directly affected, so they didn’t have legal standing to challenge the program, commonly described as a buyout. O’Toole was nominated by former President Bill Clinton, a Democrat.

@ Newshounds News™

Source: AP News

~~~~~~~~~

BRICS: US TRADE WAR, TARIFFS HAS GLOBAL MARKETS PREPARING FOR THE WORST

With geopolitical tensions reaching a fever pitch, the brewing BRICS and US trade war driven by the implementation of new Trump tariffs has global markets preparing for the worst.

Indeed, the US President has continued to forward his aggressive economic policy. Subsequently, it has driven the world to respond as concern rises.

Throughout his campaign for reelection, Trump was adamant that tariffs would be a reality of his returning administration. To this point, he has kept to that word. Yet, the implications of that are beginning to come into view. Moreover, global markets are preparing for them to be dire.

BRICS & US Tensions Push Gold to All-TIme High as Experts Fear for the Worst

The US President has made no qualms about his belief in the US dollar. Indeed, he has maintained his position that the greenback’s status is of the utmost importance.

Last year, he told American citizens that losing its global reserve position would be akin to the nation losing a war.

The effort to preserve the currency’s status has led him to engage with the global south in growing and concerning tensions. As the BRICS bloc and the US prepare for a potential trade war, the global market share is operating for the worst from the continued arrival of Trump tariffs.

The US is set to impose tariffs on metals coming from North American neighbors Canada and Mexico, as well as China. This has led to retaliate tariffs and plummeting base metal prices. Moreover, gold has surged to an all-time high as investors have rushed to the safe haven asset.

Specifically, it reached a price of $2,818 according to Reuters. Meanwhile, US gold futures edged 0.8% higher Wednesday, reaching $2,857.

Financial experts are projecting widespread economic impacts from the ongoing tariffs and retaliatory import taxes. Specifically, with 75% of annual exports from Canada and Mexico to the US coming in the form of metals, they project notable ramifications.

CNN reported that China is preparing a “countermeasure” to the Trump tariffs. However, things between Trump and Chinese President Xi Jinping have been “very good,” according to experts. So, there is the belief that the two could work to avoid a trade war, despite the opposing stance.

Ultimately, growing tensions will drive production costs and consumer prices and alter trade dynamics. These are all realities that BRICS, the US, and global markets must prepare for. How greatly they impact the world, however, remains to be seen.

@ Newshounds News™

Source: Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Newshound's News Telegram Room Link

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Dinar Recaps 20 2/13/25 Dinar Recaps 20 2/13/25

More “Iraq News” Posted by Clare at KTFA 2-13-2025

KTFA:

Clare: Trump advisory team member: Iraq's security is part of America's security

2/12/2025

Considered a member of the US President's Advisory Team Donald Trump, Wednesday, Security Iraq Part of the security of the United States, describing Iraq In an important and allied country.

Gabriel Souma said during his interview with the program "From the Last" broadcasted by Sumerian Al-Fadaiya: “America requested when Biden was in the White House that Sudanese By dissolving the Shiite factions loyal to Iran.

KTFA:

Clare: Trump advisory team member: Iraq's security is part of America's security

2/12/2025

Considered a member of the US President's Advisory Team Donald Trump, Wednesday, Security Iraq Part of the security of the United States, describing Iraq In an important and allied country.

He asked, "What is the mission of the factions as long as there is an Iraqi army?", stressing, "There are dangers from these factions to the situation in Syria," according to his description.

In addition, Souma said, "Security Iraq Part of security US He is a friend and ally, and they have strong relations," he added, "Iraq is an important country and an ally of the United States of America." LINK

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Clare: Al-Sudani pays official visit to Czech Republic

2/13/2025

Prime Minister Mohammed Shia Al-Sudani headed to the capital, Prague, on Thursday morning, on an official visit to the Czech Republic.

The official reception ceremony for Prime Minister Mohammed Shia Al-Sudani took place in the Czech capital, Prague, and he was received by the Czech Prime Minister, Mr. Petr Fiala.

The Sudanese media office stated that the ceremony included playing the national anthems of both Iraq and the Czech Republic, reviewing the guard of honor, and taking commemorative photos by both sides.

During the visit, Al-Sudani will hold talks with the Czech Prime Minister, and will also meet with the President of the Czech Republic. The visit will include the signing of memoranda of understanding in a number of fields, as well as holding a series of meetings with Czech companies, and a meeting with the Iraqi community in the Czech Republic. LINK

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Clare: Iraq and Czech Republic sign an agreement and 5 memoranda of understanding

2/13/2025

On Thursday, Iraqi Prime Minister Mohammed Shia al-Sudani and his Czech counterpart, Petr Fiala, sponsored the signing of an agreement and five memoranda of understanding.

According to a statement by Al-Sudani's media office received by Shafaq News Agency, the latter and his Czech counterpart sponsored "the signing ceremony of an agreement and five memoranda of understanding in several fields, within the framework of Al-Sudani's official visit to the Czech capital, Prague, which he arrived at today, Thursday."

According to the statement, an air transport agreement was signed between the Iraqi and Czech civil aviation authorities, and a memorandum of understanding was signed between the Ministry of Oil and the Czech Ministry of Industry and Trade.

The ceremony also witnessed the signing of a draft memorandum of understanding between the Ministries of Interior in Iraq and the Czech Republic, a memorandum of cooperation between the Iraqi and Czech Federations of Industries, a memorandum of cooperation between the Iraqi and Czech Federations of Chambers of Commerce, as well as a letter of intent with the Iraqi Ministry of Environment. LINK

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Clare: Investments 2025: Economic renaissance under the umbrella of the general budget

2/13/2025

Mazhar Muhammad Salih, financial and economic advisor to Prime Minister Muhammad Shia al-Sudani, confirmed today, Thursday, that investment projects for the year 2025 are an integral part of the investment section in the Federal General Budget Law.

From.. Raghad LINK

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Clare: America stops the dollar cash to Iraq: Will the dollar rise against the dinar?

February 12, 2025

Last updated: February 12, 2025

Independent/- In a surprising move, reports indicate that the United States has decided to stop sending cash dollars to Iraq, a decision that could have profound effects on the Iraqi economy and its financial market. This shift raises many questions about its impact on the value of the Iraqi dinar, currency markets, and the local banking sector.

What is a cash dollar?

Cash dollars refer to money that is physically sent to Iraq by the United States, usually through banks or other economic mechanisms. This cash flow has played an important role in supporting the Iraqi economy, especially in light of the economic challenges facing the country.

The reason behind the American decision

Sources indicate that the US decision comes in the context of economic and diplomatic pressures on Iraq, which include issues related to the national economy and monetary policies. Some reports also indicate that the United States may seek to limit the use of the dollar in Iraqi financial transactions, in an attempt to enhance the stability of the local currency and reduce dependence on foreign currencies.

Impact of the decision on the Iraqi dinar

The decision is expected to cause significant volatility in the local currency market. The US dollar is one of the main currencies traded in Iraq, and stopping its flow of cash could lead to a shortage in supply, which could push the dollar higher against the dinar.

The impact of the rise on the Iraqi market

The increase in the value of the dollar may lead to higher prices in the Iraqi market, which will exacerbate the burden of inflation and affect the ability of citizens to purchase basic commodities. This may also indirectly affect economic activity, especially in sectors that rely heavily on imports.

Are there any solutions?

The Iraqi government will face a major challenge in dealing with these developments. The next phase may require developing new economic and financial strategies to mitigate the impact of sudden changes in currency rates. It is necessary to have a move towards strengthening the Iraqi dinar and diversifying the sources of the national economy away from heavy reliance on the dollar.

Conclusion

In light of these developments, it will be important to monitor the short- and long-term effects of this decision. Iraq needs decisive steps to secure the stability of its national currency and protect its economy from the repercussions of the decision to stop the use of the cash dollar. LINK