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Iraq Economic News and Points to Ponder Monday Evening 2-24-25
Gold Retreats From Highs
Arabic and international Economy News - Follow-up Gold prices retreated on Monday from an all-time high hit during trading, supported by concerns about US President Donald Trump's plans to impose new tariffs, while investors' focus turned to a key report on inflation in the United States, due later in the week. Spot gold fell 0.09% to $2,937.30 an ounce, while futures fell 0.03% to $2,951.90.
The precious metal hit an all-time high of $2,954.69 on Thursday.
Gold Retreats From Highs
Arabic and international Economy News - Follow-up Gold prices retreated on Monday from an all-time high hit during trading, supported by concerns about US President Donald Trump's plans to impose new tariffs, while investors' focus turned to a key report on inflation in the United States, due later in the week. Spot gold fell 0.09% to $2,937.30 an ounce, while futures fell 0.03% to $2,951.90.
The precious metal hit an all-time high of $2,954.69 on Thursday.
Tariff concerns
Trump said last week he would announce new tariffs within the next month or so, adding lumber to his previous plans to impose duties on autos, semiconductors and pharmaceuticals.
This comes on the heels of additional tariffs, including a 10% tax on Chinese imports and a 25% duty on steel and aluminum.
Investors are closely watching the path of interest rates in the United States, where Trump’s policies are seen as inflationary. Rising inflation could prompt the US Federal Reserve to keep interest rates high, reducing the appeal of gold as a non-yielding asset.
Markets are looking ahead to the Federal Reserve's preferred measure of inflation, the personal consumption expenditures index, due out on Friday, to determine the future direction of US monetary policy. https://economy-news.net/content.php?id=52964
Stability Of Oil Prices In Global Markets
Economy | 05:05 - 02/24/2025 Mawazine News – Economy Oil prices stabilized during the session, Monday, the beginning of trading in the week, as investors awaited any clarifications regarding the talks to end the war between Russia and Ukraine.
Brent crude futures rose 0.5 percent to $74.56 a barrel, while US West Texas Intermediate crude also rose by 0.014 percent to $70.51 a barrel.
Brent and US West Texas fell by more than $2 a barrel on Friday, with the former recording a weekly decline of 0.4 percent and the latter 0.5 percent.
All eyes remain on the talks to end the Russia-Ukraine war, which is entering its fourth year.
Sanctions imposed by the United States and the European Union on Russian oil exports have limited its shipments and disrupted the flow of oil supplies transported by sea, and global energy supplies are expected to increase in the event of a peace agreement and the lifting of sanctions. https://www.mawazin.net/Details.aspx?jimare=259822
Find Out The Dollar Prices In The Iraqi Markets At Closing
Economy | 05:54 - 02/24/2025 Mawazine News – Economy The dollar prices against the Iraqi dinar witnessed a decline today, Monday, in the markets of the capital, Baghdad, and in Erbil, the capital of the Kurdistan Region, coinciding with the closing of the stock exchange.
The dollar prices decreased with the closing of the Al-Kifah and Al-Harithiya stock exchanges to record 149,000 dinars for every 100 dollars, while the prices recorded this morning were 149,350 dinars for every 100 dollars.
As for the selling prices in exchange shops in the local markets in Baghdad, they stabilized, as the selling price reached 150,000 dinars for every 100 dollars, while the purchase price reached 148,000 dinars for every 100 dollars.
As for Erbil, the dollar also recorded a decline, as the selling price reached 149,050 dinars for every 100 dollars, and the purchase price was 148,950 dinars for every 100 dollars.
https://www.mawazin.net/Details.aspx?jimare=259824
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
5 Bad Financial Habits Americans Don’t Realize Cost Them Thousands
5 Bad Financial Habits Americans Don’t Realize Cost Them Thousands
Emily Fowler Mon, February 24, 2025 GOBankingRates
More Americans are focusing on their finances in 2025 than they have in the past 10 years, according to a recent study from Allianz Life. But while many plan to improve their financial stability, stress levels around finances are still high, with only 16% of people saying they’re less stressed than last year.
Here are five financial habits that could be contributing to those stress levels and costing thousands.
5 Bad Financial Habits Americans Don’t Realize Cost Them Thousands
Emily Fowler Mon, February 24, 2025 GOBankingRates
More Americans are focusing on their finances in 2025 than they have in the past 10 years, according to a recent study from Allianz Life. But while many plan to improve their financial stability, stress levels around finances are still high, with only 16% of people saying they’re less stressed than last year.
Here are five financial habits that could be contributing to those stress levels and costing thousands.
Excessive Spending on Nonessentials
An occasional treat isn’t the problem. It’s the frequent, mindless purchases that add up. The study found 30% of Americans admit to spending too much on things they don’t need. Anything from online impulse buys to yet another unused subscription can snowball.
Take that coffee habit. Say you buy a $4.75 coffee every week day. That will cost over $1,000 a year. With coffee prices increasing after having just reached an all-time high, according to Business Insider, that habit could cost even more in 2025!
Neglecting Savings
A significant 28% of Americans save nothing, while 27% save less than they could, per Allianz. Without a habit of consistent saving, even a minor financial setback can lead to debt. And with 49% worrying about their income and retirement income, a lack of savings can be added stress.
Automating transfers to a savings account ensures money is set aside before it’s spent, and even starting with small, regular deposits builds up over time.
Carrying Credit Card Debt Too Long
High-interest debt is a financial sinkhole, yet 23% of Americans aren’t paying down debt fast enough, according to the study. Interest charges quickly inflate balances, making it harder to get ahead. The average credit card interest rate as of Feb. 17 was 28.7%, according to the Forbes Advisor weekly credit card rates report.
Making monthly payments of $200 on a credit card balance of $7,500 with a 28% interest rate (APR) would take nearly eight years to clear and mean more than $10,000 in interest paid.
TO READ MORE: https://finance.yahoo.com/news/5-bad-financial-habits-americans-170051610.html
Seeds of Wisdom RV and Economic Updates Monday Evening 2-24-25
Good Evening Dinar Recaps,
BRICS: US DOLLAR FALLS FOR 3RD STRAIGHT WEEK FROM TRUMP TARIFFS
With a trade war brewing with the BRICS alliance, the US dollar has fallen for the 3rd straight week amid the ongoing Trump tariffs. Indeed, the country is beginning to see the effects of the ongoing import taxes as the currency struggled to end the week yet again.
All eyes are on how the global economy will react to the increased global tensions. Friday saw US President Donald Trump restate his threat towards the economic alliance. This time, he warned of 150% tariffs, as he further claimed that the bloc “broke up” amid the warning.
Good Evening Dinar Recaps,
BRICS: US DOLLAR FALLS FOR 3RD STRAIGHT WEEK FROM TRUMP TARIFFS
With a trade war brewing with the BRICS alliance, the US dollar has fallen for the 3rd straight week amid the ongoing Trump tariffs. Indeed, the country is beginning to see the effects of the ongoing import taxes as the currency struggled to end the week yet again.
All eyes are on how the global economy will react to the increased global tensions. Friday saw US President Donald Trump restate his threat towards the economic alliance. This time, he warned of 150% tariffs, as he further claimed that the bloc “broke up” amid the warning.
US Dollar Takes a Hit as Trump Tariff Hurts More Than Just BRICS
There have been growing concerns over US President Donald Trump’s economic policy. The aggressive nature of the plans has many worrying that it will only fast-track further de-dollarization.
Indeed, what drove the nation to move away from the greenback, to begin with, was the weaponization of the global reserve asset. However, the current administration is seeking to do far worse than sanctions could.
Yet, it appears as though the continued threat of import taxes has begun to hinder the currency itself. Indeed, amid the BRICS opposition, the US dollar fell for the 3rd straight week amid the ongoing Trump tariffs, according to a Reuters report.
The fading value of the greenback has had an adverse reaction to the fast start of Trump’s second campaign. Specifically, his return to the Oval Office and the US dollar’s performance under his watch “has been mostly bluster on tariffs,” the report notes.
This is not a new phenomenon either. The greenback had been “struggling for traction in the past few weeks.” Moreover, in February alone, it has dropped more than 1.8%. Currently, the global reserve asset, is headed for its largest monthly drop since September.
The driving factor looks to be the ongoing tariff threat warnings. Although they have yet to be actualized, they are certainly taking their toll. With the US economy stagnating over geopolitical tensions, there is little interest for investors to increase dollar holdings, driving the fall.
@ Newshounds News™
Source: Watcher Guru
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THE ‘BITCOIN’ SENATOR TO CHAIR FIRST DIGITAL ASSET HEARING WEDNESDAY
It has been a long journey for Senator Cynthia Lummis (R-WY) as she champions Bitcoin and digital assets in Congress. Earning respect and acceptance both in the bitcoin community and the legislative arena takes time, but after four years, Lummis will finally assume the role of Chair of the newly established Digital Asset Subcommittee under the Senate Banking Committee.
This presents a historic opportunity as Congress moves toward passing comprehensive legislation on stablecoins and market structure, potentially within the next year.
However, Senator Kirsten Gillibrand (D-NY), Lummis’ longtime co-sponsor on crypto legislation, does not serve on the Senate Banking Committee. Therefore, Lummis must garner support from Senate Democrats on the committee to advance bipartisan initiatives.
Gillibrand, along with Lummis, has already co-sponsored Senator Bill Hagerty’s (R-TN) GENIUS Act, signaling her commitment to bridging political divides in the evolving regulatory landscape that would start with stablecoin legislation.
Witness Endorsement of an X Article “That Colossal Wreck”
Among the scheduled witnesses for the upcoming hearing is Jai Massari, Co-Founder and Chief Legal Officer of Lightspark. This past Friday, February 21, Massari endorsed an article on X calling for significant reform within the SEC that included calling out Democrats who previously led the SEC’s crypto regulation by enforcement efforts under the Biden Administration.
Austin Campbell, an Adjunct Professor at the NYU Stern School of Business, former and recently appointed as the CEO of WSPN, who has been a frequent witness in Congress and thought leader on crypto policy, with a tradfi background from Chase, Stone Ridge and JP Morgan Chase, has been a vocal critic of the SEC’s regulatory approach under the Biden Administration.
In his article mentioned above with respect to Massari’s endorsement, "That Colossal Wreck," Campbell revealed that a senior Democratic Party official had urged him to temper his rhetoric toward former SEC Chair Gary Gensler and others who were previously at the SEC.
According to Campbell, he refused and then was inspired to lay out his vision of what he felt should happen to those who participated in the SEC over the last four years based on the damage caused by their policies.
"They should not be allowed to return to the government, allowed anywhere near the levers of power, and anyone in the Democratic party supporting, aiding, abetting, or directing them should be ejected immediately and roundly derided for this absolutely shameful chapter in US financial regulatory history," said Campbell.
Massari emphatically tweeted on X regarding Campbell’s article:
"This. All of this. Every word. @CampbellJAustin 🔥✅🏆 We must do better. Face the no good, very bad story and work to fix it. Caring about good government and institutions means taking a hard and clear-eyed look, particularly when it is not politically convenient."
While it is not yet known what Massari will testify on specifically as written testimony is not yet public, this message seems to underscore the need for cooperation and bipartisanship to forge meaningful and long-lasting crypto legislation in the U.S., regardless of the politics involved.
Between what appears to be a softer tone on crypto in the Senate Banking Committee from Ranking Member Elizabeth Warren (D-MA) and the drive by Chairman Tim Scott (R-SC) and the Republicans to pass stablecoin and possibly market structure legislation within the first 100 days of the Trump Administration, Massari and her other witnesses may spur on Congress toward historical, landmark laws for crypto in the U.S. that have been years in the making.
It is going to be a challenge for Lummis to make sure this new subcommittee can be effective. Her colleague across the aisle will be Ranking Member Ruben Gallego (D-AZ).
Senator Gallego did vote last year when he was a Congressman for FIT21 in the House, as well as for the repeal of SAB 121, which according to industry ratings means he strongly supports crypto.
Details on the Witnesses and Hearing Information
Besides Massari, Mr. Jonathan Jachym, Deputy General Counsel and Global Head Of Policy & Government Relations for Kraken Digital Asset Exchange, will be testifying. Jachym just testified in the House. The third and final witness posted at this point is Mr. Lewis Cohen, Partner, Cahill Gordon & Reindel LLP.
Cohen is one of the leading “crypto native” lawyers in the United States and advises clients on complex legal and regulatory matters related to blockchain, cryptocurrency, and tokenization across global capital markets. a witness.
The hearing can be viewed via livestream starting on Wednesday, February 26 at 2:30pm ET and will take place in Dirksen Senate Office Building 538.
@ Newshounds News™
Source: Forbes
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ROBINHOOD SAYS SEC DROPPED CRYPTO INVESTIGATION, IN LATEST WITHDRAWAL
Today Robinhood announced that Robinhood Crypto was notified by the Securities and Exchange Commission (SEC) that the SEC would not be taking enforcement action. This follows the SEC issuing a Wells Notice last year warning of impending legal action relating to crypto custody, cryptocurrency listings and platform operations.
Under acting SEC Chair Mark Uyeda, several crypto related cases have been dropped or paused. It recently dropped the investigation into NFT platform OpenSea and on Friday Coinbase said its SEC court case would end, subject to Commissioner approval. Earlier this month the SEC paused its case against Binance.
Plus it withdrew its appeal in its attempt to expand the definition of brokers to include liquidity providers.
Back to Robinhood, “We applaud the staff’s decision to close this investigation with no action,” said Dan Gallagher, Chief Legal, Compliance and Corporate Affairs Officer, Robinhood Markets, Inc.
“Let me be crystal clear—this investigation never should have been opened. Robinhood Crypto always has and will always respect federal securities laws and never allowed transactions in securities.” Mr Gallagher is himself a former SEC Commissioner.
The announcement highlighted that Robinhood Crypto had been careful in its approach, only listing 18 cryptocurrencies after thorough due diligence, as opposed to the hundreds listed by other platforms.
@ Newshounds News™
Source: Ledger Insights
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FRANK26….2-24-25……IT’S AN RI Parts 1 and 2
Monday Night Conference Call
FRANK26….2-24-25……IT’S AN RI
This video is in Frank’s and his team’s opinion only
Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Monday Night Conference Call
FRANK26….2-24-25……IT’S AN RI
This video is in Frank’s and his team’s opinion only
Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION
FRANK26….2-24-25….IT’S AN RI PART 2
US Government Won’t Say if Fort Knox Gold is Missing
US Government Won’t Say if Fort Knox Gold is Missing
Mark Moss: 2-24-2025
For generations, Fort Knox has been synonymous with American financial security. We’ve been told it houses roughly $250 billion worth of gold bullion, a bedrock of stability for the U.S. dollar. But what if that foundation is built on shaky ground? What if the gold everyone believes is there… isn’t?
This isn’t some far-fetched conspiracy theory being whispered in the dark corners of the internet. The unsettling truth is that no independent audit of Fort Knox’s gold reserves has been conducted in over half a century.
US Government Won’t Say if Fort Knox Gold is Missing
Mark Moss: 2-24-2025
For generations, Fort Knox has been synonymous with American financial security. We’ve been told it houses roughly $250 billion worth of gold bullion, a bedrock of stability for the U.S. dollar. But what if that foundation is built on shaky ground? What if the gold everyone believes is there… isn’t?
This isn’t some far-fetched conspiracy theory being whispered in the dark corners of the internet. The unsettling truth is that no independent audit of Fort Knox’s gold reserves has been conducted in over half a century.
Think about that for a moment. Fifty years without a comprehensive, transparent accounting of assets supposedly underpinning our entire financial system.
The U.S. government consistently refuses independent audits, fueling speculation and distrust. They could easily silence the doubters, quell the rumors, and reassure the public by simply opening the vault and allowing a thorough examination. Yet, they refuse.
The last time outsiders were granted access was arguably more of a carefully orchestrated PR event than a genuine inspection. Politicians posed for photo opportunities with gold bars, but there was no rigorous inventory. No weighing of the bars. No verification of serial numbers. Just a fleeting glimpse designed to project an image of security, without actually providing any concrete proof.
So, the burning question remains: Why won’t the government definitively prove the gold is there? And what happens if it’s not? The implications could be catastrophic, potentially triggering a financial crisis of unprecedented scale.
But even if the gold is actually there, it raises another, equally important question: is it the quantity and quality we’ve been led to believe?
The official explanations often revolve around security concerns and the cost of undertaking such a massive audit. However, these justifications ring hollow. Modern technology allows for sophisticated non-invasive testing and accounting methods that minimize security risks. As for the cost, wouldn’t guaranteeing the stability of the U.S. financial system warrant the expense?
History teaches us a vital lesson: when governments shroud their actions in secrecy, the people ultimately bear the consequences. The mystery of Fort Knox demands answers.
Until those answers are provided, it’s crucial to remain vigilant and take proactive steps to safeguard your financial future. The time to prepare is now, before the truth – whatever it may be – is finally revealed.
Watch the video below from Mark Moss for further insights and information.
Iraq Economic News and Points to Ponder Monday Afternoon 2-24-25
Financial Advisor Confirms: The Government Has Developed An Economic Approach To Enhance Growth And Reduce Unemployment
Local | 04:25 - 02/24/2025 Mawazine News – Baghdad The financial advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed today, Monday, that the government has developed an economic approach to enhance growth and reduce unemployment, noting that the new industrial cities will be the cornerstone of the economic renaissance.
Financial Advisor Confirms: The Government Has Developed An Economic Approach To Enhance Growth And Reduce Unemployment
Local | 04:25 - 02/24/2025 Mawazine News – Baghdad The financial advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed today, Monday, that the government has developed an economic approach to enhance growth and reduce unemployment, noting that the new industrial cities will be the cornerstone of the economic renaissance.
Salih said, in a statement to the official agency, that "the Sudanese government has developed a clear economic approach to enhance the national economy, represented by raising growth rates in the non-oil gross domestic product by no less than 5%, in addition to gradually reducing unemployment rates to stabilize at 4% in the future."
He explained that "achieving these two goals requires focusing on economic development priorities, most notably supporting the manufacturing industry, which can absorb 60% of unemployment, and contribute to diversifying sources of national income and increasing the gross domestic product rapidly."
He noted that "the government is working to achieve this through three main tracks, including supporting youth lending initiatives, which included many youth gatherings to stimulate the workforce, and establishing "Riyada Bank" as a private bank with broad government support to grant loans to small and medium-sized industrial activity,
in addition to forming a sovereign guarantees committee to finance large industries through bank loans guaranteed by the state, in cooperation with major industrial countries such as Western Europe and Japan."
He stressed that "these efforts will focus on developing five main industrial fields, including infrastructure industries linked to the "development path" and reconstruction projects, pharmaceutical industries, in addition to petrochemical industries and petroleum derivatives, and advanced engineering industries, in addition to developing the oil sector and manufacturing natural and associated gas, with the aim of zeroing its burning and benefiting from it in the electricity sector."
He added that "the new industrial cities on the development path will be the cornerstone of the comprehensive industrial development strategy in Iraq," noting that "the industrial renaissance is based on a strategic vision based on a partnership between the state and the private sector, within the philosophy of building a social market." https://www.mawazin.net/Details.aspx?jimare=259820
The Ministerial Council For Economy Stresses The Need To Continue The Experiment Of Using Electronic Payment Mechanisms In Transactions In The Public And Private Sectors
Monday 24 February 2025 19:55 | Economic Number of readings: 16 Baghdad / NINA / The Ministerial Council for the Economy stressed the need to continue the experiment of using electronic payment mechanisms in transactions in the public and private sectors.
The Council stated in a statement that "Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein chaired the sixth session of the Ministerial Council for the Economy, which was held in the Council building, in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Trade, Agriculture, Industry, Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Governor of the Central Bank, the Chairman of the Securities Commission, the Deputy Chairman of the National Investment Commission, and the Prime Minister's advisors for economic and legal affairs."
The statement explained that "the Council hosted the Projects Officer at the Grand Faw Port and the Director of the Submerged Tunnel Project to discuss the progress of engineering work in the project, and provide facilities for the import of some engineering materials that enhance the properties of reinforced concrete used in concrete piece structures, and exempt them from import licenses."
The statement indicated that "the Council decided to take the opinion of the Ministry of Environment regarding some chemicals used in civil engineering works and their impact on the environment.
It continued that the Council hosted the Director General of Information Technology and Payments at the Central Bank of Iraq to evaluate the experience of using electronic payment mechanisms in transactions in the public and private sectors,"
stressing "the need to continue this important experience and expand it to include all financial transactions and payments for all economic activities, in light of the Cabinet's decision in this regard."
The statement explained that "the Council also reviewed the strategy for the informal economy in Iraq (the shadow economy), submitted by the Anti-Money Laundering and Terrorist Financing Council, as the study included several axes that addressed the concept, structure and characteristics of the shadow economy, the reasons for its existence, its indicators, and its economic effects,
in addition to proposals to address the shadow economy and integrate it into the formal economy, and the challenges associated with those proposals." The Council decided to recommend to "the Cabinet to adopt this strategy due to its importance."
The statement indicated that "the Minister of Agriculture provided a brief explanation of the environmental and health situation of livestock in Iraq, and reviewed the epidemiological situation of foot-and-mouth disease in the affected areas,"
indicating that "the epidemic has receded significantly in the areas of Al-Fadhiliyah and Al-Nahrawan, and that agricultural health teams are continuing the detection, examination and treatment operations, while providing the necessary vaccines and treatments to control this disease," stressing that "there are no human infections resulting from the use of meat or animal products.
" The Council supported "the Ministry of Agriculture's measures in this regard," reassuring "the Iraqi street that this disease is not transmitted to humans." /End https://ninanews.com/Website/News/Details?key=1188565
Promising Investment Projects In Iraq.. Annual Revenues Exceeding $150 Billion
Economy | 07:23 - 02/24/2025 Mawazine News – Economy The National Investment Commission revealed, on Monday, new projects that generate revenues exceeding $150 billion annually, while indicating that it has attracted foreign capital estimated at $63 billion.
The official spokesperson for the National Investment Commission, Hanan Jassim, said in a statement to the official agency: "The National Investment Commission has been able, over the past year and a half, to attract foreign capital estimated at $63 billion, whether through direct investment or by granting investment licenses,
in addition to local investments amounting to $27 billion," noting that "this number has not been achieved in the economic arena in Iraq for nearly 20 years, nor has it been achieved in the Commission since its establishment until 2022."
She added, "This represents a roadmap for the projects that will be implemented during the year 2025 and the coming years, and it also serves the investment objectives of attracting foreign capital, as the Authority is currently working on a number of investment files that are hoped to be implemented during the year 2025, which represent important axes for the Authority's plans, most notably:
1. The waste treatment and electricity generation unit project, for which the investment license was granted to the Chinese Shanghai Company with a daily capacity of 3,000 tons of solid waste and securing 100 megawatts of electricity, and it is hoped to start completing the second phase of it in the Abu Ghraib area soon.
2. Completion of the economic feasibility study for the electronic development road project, the optical cable and the first data center of its kind, which in its first phase could support the state budget by an estimated $12 billion annually in partnership with investors who bear the largest cost in parallel with building a new oil export system and opening a new sea outlet to export Iraqi oil across the Mediterranean Sea and to both Syria and Lebanon,
where the approvals of previous governments were obtained for the two projects, as the expected revenue from the new Iraqi oil pipeline system is estimated at $25 billion annually, all of them Obtaining approvals and discussions with neighboring countries, it is a geopolitical project par excellence for Iraq, and the global trade in optical cables is around 10 trillion dollars.
3. It is hoped to complete the feasibility study for investing in silica sand in Iraq with high purity of 98% and used in the semiconductor industry, and it is possible to support the general budget with large amounts of up to 100 billion dollars annually, as the global trade in semiconductors including pure silica sand is around 202 billion dollars distributed among six countries (America, Russia, China, Japan, North Korea, Taiwan).
4. Within the Authority's plan, the feasibility study for the first wind energy project in Iraq with a capacity of 500 megawatts is completed.
5. We are heading towards some patents that can be completed inside Iraq and are capable of transforming desert lands into green lands, which contributes to food and environmental security efforts. https://www.mawazin.net/Details.aspx?jimare=259830
Oil Confirms Its Commitment To The OPEC+ Agreement And Compensating For The Surplus In Production
Energy Economy News – Baghdad The Ministry of Oil confirmed, on Monday, its full commitment to the OPEC+ agreement and the additional agreed-upon cuts, in addition to compensating for accumulated quantities.
The ministry indicated, in a statement received by "Al-Eqtisad News", that it will take all necessary measures to ensure the implementation of these agreements, including submitting an updated plan to compensate for the surplus production during the previous period.
The statement explained that this came in a joint phone call between Deputy Prime Minister for Energy Affairs Hayan Abdulghani Abdul Zahra, Saudi Minister of Energy Abdulaziz bin Salman Al Saud, Deputy Prime Minister of the Russian Federation Alexander Novak, in addition to OPEC Secretary General Haitham Al Ghais.
According to data from OPEC-approved secondary sources, Iraq's crude oil production in January 2025 amounted to 3.999 million barrels per day, a positive indicator that reflects Iraq's commitment to the specified production levels.
The ministry stressed that it will continue its efforts to compensate for the accumulated surplus, taking into account the recent developments related to the federal government receiving oil produced in the Kurdistan Region and resuming exports through the Iraqi-Turkish pipeline, while adhering to Iraq's share stipulated in OPEC agreements for voluntary reduction and the required compensation quantities.
In conclusion, the Ministry of Oil stressed the pivotal role of these agreements in achieving stability in global oil markets, noting the importance of the contribution of OPEC+ member states in supporting this stability. https://economy-news.net/content.php?id=52951
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Monday Afternoon 2-24-25
Good Afternoon Dinar Recaps,
GRAYSCALE'S XRP ETF UNDER SEC REVIEW—THE COUNTDOWN BEGINS
The SEC’s review of Grayscale’s XRP ETF is officially underway, sparking speculation that a crypto-friendly shift could lead to a groundbreaking approval.
SEC Begins Review of Grayscale’s XRP ETF Proposal
The Federal Register officially published Grayscale’s XRP exchange-traded fund (ETF) proposal on Feb. 20, 2025, marking the beginning of the U.S. Securities and Exchange Commission’s (SEC) review process. Fox Business journalist Eleanor Terrett highlighted the significance of this step on social media platform X, stating:
Good Afternoon Dinar Recaps,
GRAYSCALE'S XRP ETF UNDER SEC REVIEW—THE COUNTDOWN BEGINS
The SEC’s review of Grayscale’s XRP ETF is officially underway, sparking speculation that a crypto-friendly shift could lead to a groundbreaking approval.
SEC Begins Review of Grayscale’s XRP ETF Proposal
The Federal Register officially published Grayscale’s XRP exchange-traded fund (ETF) proposal on Feb. 20, 2025, marking the beginning of the U.S. Securities and Exchange Commission’s (SEC) review process. Fox Business journalist Eleanor Terrett highlighted the significance of this step on social media platform X, stating:
Grayscale’s XRP ETF (19b-4 filing) has officially been posted to the Federal Register. All this means is that the clock starts now for the SEC to engage and either approve or deny on or before October 18.
The SEC follows a structured timeline when reviewing ETF proposals under the 19b-4 process. Initially, the agency has 45 days from publication to make a decision or extend the review.
If an extension is granted, the SEC can push the deadline to 90 days. The commission can further extend the timeline, with additional review periods of 45 and 60 days, bringing the latest possible deadline to Oct. 18, 2025.
During this time, the SEC will solicit public comments, analyze market impact, and assess compliance with regulatory requirements. Approval could come at any stage, but historically, the SEC has taken the full timeline before issuing a final decision.
The filing, submitted by NYSE Arca, seeks to list and trade shares of the Grayscale XRP Trust under Rule 8.201-E, which governs commodity-based trust shares.
The securities regulator has already approved spot bitcoin ETFs and spot ether ETFs, paving the way for broader cryptocurrency investment products.
The departure of former SEC Chair Gary Gensler has further altered the agency’s stance, with his successor taking a more crypto-friendly approach. Under the new leadership, the SEC has paused or dropped multiple lawsuits against crypto firms, fueling speculation that Ripple’s ongoing legal battle could be the next case to be dismissed.
This change in regulatory climate has increased optimism that the XRP ETF may have a smoother path to approval compared to earlier crypto ETF applications.
With the publication in the Federal Register, the SEC will now open a public comment period before making a final decision on the Grayscale XRP ETF.
If approved, the fund would allow investors to trade the XRP ETF shares on a regulated exchange, potentially increasing market liquidity and accessibility for XRP. The crypto community is closely watching, as the SEC’s ruling could influence future cryptocurrency ETFs and broader digital asset adoption.
@ Newshounds News™
]Source: Bitcoin News
~~~~~~~~~
BRICS: US & RUSSIA TO ANNOUNCE “MAJOR ECONOMIC” PARTNERSHIP
Despite the growing tensions between both the BRICS economic alliance and the US, the Western power and Russia are reportedly nearing a “major economic” deal, according to US President Donald Trump. Indeed, Trump took to Truth Social to discuss ongoing negotiations with both Moscow and Ukraine to end the war amid its three-year anniversary.
In the post, Trump recalled a meeting with French President Emmanuel Macron and Canada’s Prime Minister Justin Trudeau that took place Monday.
He noted that, amid hopes between the three of ending the war, he was nearing a signed “Critical Minerals and Rare Earth’s Deal” with Ukraine. Therefore, the President claims he is nearing a deal with both nations to end the ongoing military conflict.
US and Russia Nearing Economic Partnership as Trump Talks Negotiations to End Ukraine War
Since his November 2024 election win, Donald Trump has not been shy about his opposition to the BRICS bloc. Indeed, he has spoken about the imposition of 150% tariffs on the alliance as he seeks to protect the status of the US dollar globally. Yet, the United States commander-in-chief is reportedly nearing a massive deal with one of its most prominent nations.
Despite the growing BRICS tensions, the US and Russia are nearing a “major economic” partnership, according to US President Trump. In a post to Truth Social, he explained ongoing negotiations with both Moscow and Ukraine in his effort to end the war that he claimed would have never started if I was President.”
“I am in serious discussion with President Vladimir Putin of Russia concerning the ending of the war,” Trump said. Moreover, he also noted there will be “major Economic development transactions which will take place between the United States and Russia. Talks are proceeding very well,” he added.
The talks have been a byproduct of growing relations between the two countries. Just last week, Putin called for Russia to partner with Tesla CEO Elon Musk. Indeed, the world’s richest man has headed Trump’s DOGE commission and was key in his bid for reelection.
@ Newshounds News™
Source: Watcher Guru
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US GOLD INFLUX: SWISS EXPORTS SURGE TO UNPRECEDENTED LEVELS
In January, Swiss gold exports to the U.S. reached a record high of 193 metric tons, driven by fears of potential tariffs. This surge, exceeding the total for 2024, was triggered by a premium on Comex gold futures, creating a profitable opportunity for traders to deliver gold to U.S. warehouses.
Due to differing bar sizes between London and New York, gold is typically refined in Switzerland before being shipped to the U.S. This influx contributed to a significant increase in gold held in Comex depositories and a near doubling of Switzerland’s total gold exports.
@ Newshounds News™
Source: Bitcoin News
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News, Rumors and Opinions Monday 2-24-2025
DJ: DID YOU KNOW?
With the new administration making bold and sweeping changes, adapting the proper mindset will be crucial for the success of their efforts. Governmental policy changes, in particular, have profound effects on economies, businesses, and everyday citizens.
When the status quo is ineffective, change becomes necessary to address systemic flaws and inefficiencies. Learning to accept these changes requires an open mindset, adaptability, and a willingness to engage with civic processes.
Change is an inevitable part of life, influencing individuals, organizations, and societies in various ways. While it often leads to growth and improvement, it can also bring uncertainty and resistance.
DJ: DID YOU KNOW?
With the new administration making bold and sweeping changes, adapting the proper mindset will be crucial for the success of their efforts. Governmental policy changes, in particular, have profound effects on economies, businesses, and everyday citizens.
When the status quo is ineffective, change becomes necessary to address systemic flaws and inefficiencies. Learning to accept these changes requires an open mindset, adaptability, and a willingness to engage with civic processes.
Change is an inevitable part of life, influencing individuals, organizations, and societies in various ways. While it often leads to growth and improvement, it can also bring uncertainty and resistance.
That being said we can look at current events, as related to a GCR/RV, two different ways. One way to view it is, as long as all these mass changes are being implemented it would make sense to throw the GCR/RV into the mix since the public is already establishing the mindset to adjust and accept these changes.
On the other hand, it also makes sense for these sweeping changes to take root and level out, to be operational, before throwing in a currency revaluation.
Either way preparing the mindset for the global public to accept systemic financial changes will be no easy task. Most will obviously benefit from the changes but as in all things that change there will be those who are comfortable with the status quo and resistant to leaving their comfort zones.
Even if the “status quo” is inefficient, it has been the world they have learned to live in. New learning curves are rarely something someone wants to engage in. (Think about every time you had to get used to a new phone).
As the U.S. goes, so goes the rest of the world. When the U.S. makes changes other nations have to adjust, in one way or another, to our policies. Sometimes good. Sometimes not so good. But either way they have to adapt.
First you have to build the boat. (The boat is all the mechanisms and systems required to implement the GCR). Then you have to see if the boat floats ( Is everything working?) Then you send the boat to sea to cross the oceans. The boat has been under construction for years and is ready to see if it floats.
Puts a whole different meaning to the cliché “whatever floats your boat” doesn’t it? DJ
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Iraq...is international without a doubt. The problem is they have not release the REASON why you are international yet. That will be a new exchange rate with a new denomination of currencies called the lower notes.
Militia Man Article: "Reform committee announced 22% growth in tax revenues with revenues reaching 4 trillion dinars." Why is that important? Remember Iraq's valuation is based off of oil...That's not true. There's non-oil and there's tax revenues [now]. That valuation at $3.22 for the dinar back a long time ago was based off only oil. Now they have non-oil. They have growth. There's not even talking about gas. Iraq has a massive amount of revenue streams...Keep that in mind when it comes to the valuation - a real effective exchange rate. Because they're going to be able to use real fundamentals...Take it seriously...This is for real...it's going to be big money and it's going to have a global impact.
**************
"MOST Don't Know It YET..." - Robert Kiyosaki
FreeNvesting: 2-23-2025
How They Plan to Cancel the National Debt
Heresy Financial: 2-24-2025
TIMECODES
00:00 The Debt Problem: More Than the U.S. Money Supply
01:01 Fraud Allegations: Trump’s Debt Reduction Claim
02:41 Debt Held by Government & the Fed
04:21 Two-Track Strategy: Produce vs. Print
05:04 Production Solutions: Tax Cuts, Spending Cuts, Deregulation
07:11 Printing Solutions: QE, Bank Regulation, Sovereign Wealth Fund
09:56 Debt to GDP Cycle: Lessons from WWII & 1980
11:45 The Next Inflationary Deleveraging
13:20 Why You Need Inflation-Proof Assets
“Coffee With MarkZ” Monday Morning Chat 2-24-2025
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Monday morning…..welcome to a new week
Member: We will probably won’t have much news since it’s Monday. Probably everything is dried up from the weekend
Member: Ok Everyone who's ready to turn this page???
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Monday morning…..welcome to a new week
Member: We will probably won’t have much news since it’s Monday. Probably everything is dried up from the weekend
Member: Ok Everyone who's ready to turn this page???
Member: Every week, I feel like it’s ground hogs day with the RV…..
MZ: Stay hopeful…..we will get to the end of this ….we don’t know the exact timing…but so much is lining up. Today is far better than a normal Monday morning.
Member: What happened to the spendable money bond facilitators had gotten last week? Any movement since then?
MZ: This is very unusual for a Monday Morning…but I am already hearing from Historic bond contacts. A number of them have bond contracts for later in the day tomorrow. They are expecting spendable money. So my fingers are crossed for the next 24 hours. Hoping we can cross to the other side of that bridge to track solid movement of bond holders themselves. Not just paymasters and facilitators.
MZ: It is very unusual to get information this early on a Monday Morning.
Member: I think we are possibly waiting for the audits of the UST, the Fed and Ft. Knox for us currency holders to exchange. ……..I don’t think they can do a reset without fixing our big financial system issues.
Member: Then let’s hope they move quickly and get it done.
Member: Mark do you think the RV will happen in April?
MZ: I am not ruling out February yet.
Member: Census data released today in Iraq. There was a power outage during the press conference. Shows the need for improvements on electrical power grid generation
Member: MM site posted this morning the Iraq would start pumping oil by the end of the week, do you think they are waiting for the first of the month
Member: Ramadan starts in a couple days…..we might as well relax for month….nothing will happen at that time.
Member: Mark has said several times that revaluations have happened during Ramadan
MZ: No part of me thinks that it matters that it is Ramadan soon. Historically many countries in that region have changed rates during Ramadan. But it is still possible to see this before Ramadan…It may be a very “lucky” time to do this RV during Ramadan.
Member: I think Ramadan starts in 4 days….sunset on Thursday .
MZ: In Iraq: “ Al Sadr responds to Maliki –We will not participate in any government that has a framework” Why is this important? They are removing bad influences….they want things cleaned up.
MZ: “Kurdish administration resumes oil deliveries to Syrian government for first time since Assad was toppled” This should halp Syria become more stable again….they are still working on infrastructure, power plants and pipelines.
MZ: “Baghdad and Erbil form a joint technical team to inspect the readiness of the Kurdistan oil Export Pipeline” this pipeline had been mothballed for a couple years and is now roaring to life. They are planning to test it in the next 18 hours or so to start again moving oil through Turkey for sales.
MZ: “Iraq is redrawing its economic map : precious metals in the façade” The government moves to diversify its non- oil sectors. They are sitting on tremendous reserves and now they are developing them. There is much more in Iraq’s income then just oil. They have many gold, silver, and phosphate and precious metals……They have far more resources now then what they did under Saadam Hussein when the Iraqi dinar was worth over $3.
Member: These are things the US also need……hope they get working on that soon over here as well.
Member: March 4 was the day set by our Confederation Congress in 1788 for our new government under our Constitution to begin operations. Our 1st Congress met March 4, 1789.
Member: Skye Prince announced Sunday morning that they have rolled out for tier 1 and tier 2!!! Medbeds are suppose to rollout simultaneously with the RV!!
Member: Does anyone else's family or friends think your nuts to invest in dinar?
Member: You are not alone …really looking forward to saying “I told you so” to people who mock me.
Member: When this is done, I say we outlaw the word “close”
Member: Things are feeling so positive lately. I'm feeling so up for this week. Something seems like it's finally a go!!
Member: Thanks Mark and mods….everyone have a wonderful day.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Rumble: https://rumble.com/c/c-5970132
Audit Fort Knox Now: The Gold Currency Reset That Could Change Everything
Audit Fort Knox Now: The Gold Currency Reset That Could Change Everything
Awake-In-3D February 22, 2025
Could missing gold at Fort Knox trigger a global currency overhaul? The future of the dollar hangs in the balance.
Could the contents of Fort Knox hold the key to the next global financial upheaval? Speculation is mounting that a long-overdue audit of America’s gold reserves could reveal unsettling truths—truths that might trigger a Gold Currency Reset and redefine the global economic landscape.
Audit Fort Knox Now: The Gold Currency Reset That Could Change Everything
Awake-In-3D February 22, 2025
Could missing gold at Fort Knox trigger a global currency overhaul? The future of the dollar hangs in the balance.
Could the contents of Fort Knox hold the key to the next global financial upheaval? Speculation is mounting that a long-overdue audit of America’s gold reserves could reveal unsettling truths—truths that might trigger a Gold Currency Reset and redefine the global economic landscape.
As questions swirl about whether the U.S. gold supply is truly intact, the stakes have never been higher. The outcome could either restore faith in the dollar or ignite a seismic shift that challenges the foundations of the international financial system.
The Gold Standard’s Legacy and the Foundation of Trust
The significance of U.S. gold reserves cannot be overstated. Until 1971, the U.S. dollar was directly tied to gold through the Bretton Woods system, with every dollar effectively backed by the nation’s physical gold holdings. This foundation made the dollar the linchpin of the global financial system, offering unparalleled stability and global trust.
However, the severing of the gold standard in 1971 fundamentally changed the landscape. Since then, the dollar has operated as a fiat currency, backed by the perceived strength of the U.S. economy rather than tangible assets. Despite this shift, gold reserves have remained a powerful symbol of national financial integrity and global confidence.
Today, the U.S. claims to hold approximately 8,133 tons of gold, with more than half allegedly secured at Fort Knox. Yet, doubts persist. Persistent rumors suggest that portions of these reserves were possibly sold off, leased, or otherwise diminished without public disclosure. If these suspicions prove true, the financial ramifications would trigger catastrophic consequences—potentially leading to the largest loss of confidence in U.S. financial history.
Opening the Vaults: A Defining Moment for Global Trust
The U.S. Treasury Secretary, Scott Bessent, has repeatedly assured the public that all gold reserves are intact, citing routine audits that allegedly verify the presence of America’s gold stockpile. A report from September 30, 2024, confirmed that these reserves remain accounted for, and senators are reportedly allowed to request inspections.
Yet, skepticism lingers. Why is there such a push for a public audit now? Why involve a figure as politically charged as former President Trump? These developments hint at deeper concerns within the political and financial establishment about global confidence in the dollar—and whether those fears might be justified.
If a comprehensive audit reveals missing or diminished reserves, the shockwaves would be felt worldwide. An empty or compromised Fort Knox would likely accelerate calls for a Gold Currency Reset, forcing nations to reevaluate their reliance on the U.S. dollar as the world’s primary reserve currency.
Gold’s Role in a Potential Global Currency Reset
A Gold Currency Reset is not just an economic theory—it’s a financial shift that many believe has been slowly building for years. Central banks across the world, particularly in China and Russia, have been amassing gold reserves in preparation for a possible transition away from a dollar-dominated system.
If the United States were found lacking in its own gold holdings, the repercussions would trigger a global financial realignment. Nations may seek to establish a new reserve currency backed by gold or a basket of stable assets. Such a move would dramatically reduce the U.S.’s influence on international financial markets and weaken its geopolitical leverage.
A discovery that Fort Knox’s vaults are empty—or even partially depleted—would be the spark that ignites this shift. Countries already wary of U.S. monetary policy, particularly the ongoing cycle of money printing and inflation, would likely take drastic measures to protect their economies from a potential dollar collapse.
The Revaluation of Currencies: Unlocking Hidden Wealth or Revealing Hidden Risk?
Beyond the potential for a currency reset, an audit would also force the United States to reevaluate the official value of its gold reserves. Currently, U.S. gold is still valued at a mere $42.22 per ounce on the Treasury’s balance sheet—a relic of an outdated system. Meanwhile, the market price of gold has surged toward $3,000 per ounce.
If the government were to revalue its gold reserves to reflect market realities, the implications would have enormous consequences. A revaluation would instantly increase the paper value of America’s gold holdings, potentially unlocking hundreds of billions of dollars to offset national debt or fund economic recovery efforts.
However, this strategy comes with risks. Revaluing gold would send a shock through global markets, causing other countries to follow suit. Such moves would dramatically alter currency exchange rates and destabilize financial markets in the short term. Worse still, if the audit revealed that U.S. gold reserves were lacking, any attempt at revaluation would likely backfire—accelerating a loss of faith in the dollar and pushing the global economy closer to a full-scale Gold Currency Reset.
What If the Vaults Are Empty? A Scenario with Global Consequences
The most unsettling scenario remains the possibility that the Fort Knox vaults are not as full as officials claim. If an audit reveals discrepancies, it would trigger the most significant monetary shift in U.S. history—surpassing even the collapse of Enron or the financial crisis of 2008.
Such a revelation would devastate global trust in the dollar, leading foreign governments and investors to dump U.S. Treasury bonds en masse. With foreign entities holding over $9 trillion in U.S. debt, a sudden selloff would crash bond markets, spike interest rates, and send the U.S. economy into a severe recession.
On the global stage, rivals like China and Russia would likely seize the opportunity to promote their own currencies—potentially backed by gold or other assets—as alternatives to the dollar. This shift would mark the beginning of a multipolar financial world, where the U.S. no longer holds the dominant economic position it has enjoyed since World War II.
The Road Ahead: Transparency as the Last Defense
As the world watches with bated breath, the pressure is mounting for full transparency. A comprehensive, independent audit of U.S. gold reserves would either reaffirm global confidence or expose vulnerabilities that would trigger unprecedented financial upheaval.
If the U.S. gold reserves are indeed intact, such verification would help stabilize markets, reinforce trust in the dollar, and delay or prevent the onset of a Gold Currency Reset. However, if the audit uncovers discrepancies, the financial system as we know it would be on the brink of a historic transformation.
In the end, gold remains more than a commodity—it is the ultimate symbol of trust in the global financial system. And as the world waits for the vaults of Fort Knox to open, one thing is clear: the results would determine not just the future of the U.S. dollar, but the fate of the entire global economy.
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© GCR Real-Time News
Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
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Seeds of Wisdom RV and Economic Updates Monday Morning 2-24-25
Good Morning Dinar Recaps,
MONTANA JOINS GROWING LIST OF US STATES KNOCKING BACK BITCOIN RESERVE BILLS
Montana joins North Dakota, Wyoming, and Pennsylvania in halting proposals to include Bitcoin in state reserves.
Montana’s attempt to invest public funds in Bitcoin was thwarted on Friday when a piece of legislation failed to gain approval in the House of Representatives.
House Bill 429, introduced earlier this month by Representative Curtis Schomer, sought to create a special revenue account allowing up to $50 million to be allocated for crypto, stablecoins, and precious metals
Good Morning Dinar Recaps,
MONTANA JOINS GROWING LIST OF US STATES KNOCKING BACK BITCOIN RESERVE BILLS
Montana joins North Dakota, Wyoming, and Pennsylvania in halting proposals to include Bitcoin in state reserves.
Montana’s attempt to invest public funds in Bitcoin was thwarted on Friday when a piece of legislation failed to gain approval in the House of Representatives.
House Bill 429, introduced earlier this month by Representative Curtis Schomer, sought to create a special revenue account allowing up to $50 million to be allocated for crypto, stablecoins, and precious metals
The aim, according to Schomer, was to diversify the state’s assets and potentially provide higher returns than traditional bond investments.
Even though Bitcoin (BTC) was the only digital asset to meet the criteria set by the bill with $1.8 trillion in market cap, it encountered strong opposition from lawmakers, culminating in a 41-59 vote in the House.
Montana now joins a growing list of states that have rejected Bitcoin reserve proposals, including North Dakota, Wyoming, and Pennsylvania.
While Montana has opted for caution, the push for Bitcoin reserves is gaining momentum elsewhere, with several other states moving faster than the federal government to integrate cryptos into public finance.
Roughly 19 state proposals are still pending, as per Bitcoin Reserve Tracker data, including in Arizona, Illinois, Kentucky, Maryland, Oklahoma, New Hampshire, and Texas, among others.
Utah’s Blockchain and Digital Innovation Amendments bill, which allows the state treasurer to allocate up to 5% of public funds to digital assets, is still pending.
Arizona’s Senate Finance Committee has advanced a bill proposing to allow up to 10% of public funds, including pension systems, to be invested in crypto.
The bill now heads to the Senate Rules Committee for additional examination and, if greenlit, will proceed to the House of Representatives for further consideration.
Texas is also exploring two separate bills: one permitting up to 1% of the general revenue fund to be allocated to Bitcoin and another focused on Bitcoin donations and crypto payment conversions.
Meanwhile, countries such as Switzerland, Brazil, Japan, and Russia are also exploring the potential of using Bitcoin as part of their national reserve strategies.
@ Newshounds News™
Source: Decrypt
~~~~~~~~~
GEORGIA INTRODUCES NEW BITCOIN RESERVE BILL
Yet another strategic Bitcoin reserve (SBR) bill has been submitted to the Georgia Senate. Notably, the legislative effort (SB 228) was introduced by the Democrats. The bill has emerged as a partisan competitor to the SBR bill that was put forward by the Republicans (SB 178) ten days ago.
Notably, the bill that was introduced by the Democrats has no investment limit. For comparison, the competing bill has a 5% cap. Overall, more than 20 state-level SBR bills have now been introduced in the US.
@ Newshounds News™
Source: U Today
~~~~~~~~~
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Could $5,000 DOGE Stimulus Checks Really Happen?
Could $5,000 DOGE Stimulus Checks Really Happen? Here's What We Know.
Mike Snider, USA TODAY Sat, February 22, 2025
Could President Trump issue DOGE stimulus checks? The idea of $5,000 refunds from the ongoing drive to reduce federal spending has been floated.
But don't add that bonus to your account just yet. That's because DOGE, the Department of Government Efficiency, ideally must meet its $2 trillion savings goal to make the kickback feasible. And that accomplishment is something even Elon Musk, the unofficial leader of DOGE, said may not be doable back in January.
Still, President Trump on Wednesday said the administration is considering giving 20% of "DOGE savings" to citizens. His comments came a day after Musk said he would confer with Trump about the idea.
Could $5,000 DOGE Stimulus Checks Really Happen? Here's What We Know.
Mike Snider, USA TODAY Sat, February 22, 2025
Could President Trump issue DOGE stimulus checks? The idea of $5,000 refunds from the ongoing drive to reduce federal spending has been floated.
But don't add that bonus to your account just yet. That's because DOGE, the Department of Government Efficiency, ideally must meet its $2 trillion savings goal to make the kickback feasible. And that accomplishment is something even Elon Musk, the unofficial leader of DOGE, said may not be doable back in January.
Still, President Trump on Wednesday said the administration is considering giving 20% of "DOGE savings" to citizens. His comments came a day after Musk said he would confer with Trump about the idea.
Even if the idea of $5,000 stimulus checks evolves, Congress would need to approve a dispersal of funds to taxpayers. Here's what we know so far.
Where did the idea for $5,000 DOGE stimulus checks come from?
"Anti-woke" investor James Fishback, CEO and co-founder of Azoria Partners, suggested the idea on X on Feb. 14 and lobbied Musk on the idea of $5,000 checks – based on the $2 trillion in savings accrued from DOGE – leaving the rest to pay down the national debt.
"American taxpayers deserve a ‘DOGE Dividend’: 20% the money that DOGE saves should be sent back to hard-working Americans as a tax refund check. It was their money in the first place," Fishback posted.
"@ElonMusk, let’s do this! This is how we rebuild trust in our government," he said.
In discussing the possible dividend on CNN on Saturday, Fishback said, the potential for a check of up to $5,000 would "incentivize Americans to report waste, fraud and abuse in their own community. Why? Because the more that DOGE saves, the bigger their check will be."
How would $5,000 stimulus checks happen? Who would get them?
Back in 2020, Congress passed – and President Trump signed – a $2 trillion bipartisan stimulus package to address the economic struggles caused by the COVID-19 pandemic. The package included $1,200 checks to qualifying individuals and $2,400 for most married couples filing jointly with an extra $500 for each qualifying child under age 17.
Those stimulus checks were sent to persons who had filed tax returns in the two previous years or received Social Security or veterans’ benefits.
Also included: funding for small business loans and grants, and additional weekly unemployment insurance payments.
What has President Trump said about DOGE dividend checks?
TO READ MORE: https://www.yahoo.com/news/could-5-000-doge-stimulus-194354650.html
“Tidbits From TNT” Monday Morning 2-24-2025
TNT:
Tishwash: Iraq's 2025 Budget Schedules "You're Going Where You Are" and the Reason: Amendments to Article 12
Parliamentary Finance: No signs of sending the tables due to the amendments to Article 12 that changed the equation.
The fate of the 2025 budget tables remains uncertain, despite the approval of the amendments. She pointed out thatFinance Committee There is no intention to send the latter, citing the continued amendments to Article 12 that will affect revenue and expenditure figures. There are also warnings that this delay may negatively affect many entitlements.
TNT:
Tishwash: Iraq's 2025 Budget Schedules "You're Going Where You Are" and the Reason: Amendments to Article 12
Parliamentary Finance: No signs of sending the tables due to the amendments to Article 12 that changed the equation.
The fate of the 2025 budget tables remains uncertain, despite the approval of the amendments. She pointed out thatFinance Committee There is no intention to send the latter, citing the continued amendments to Article 12 that will affect revenue and expenditure figures. There are also warnings that this delay may negatively affect many entitlements. link
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Tishwash: Ramadan between spirituality and the blaze of prices.. Warnings as the holy month approaches
Economic expert Ahmed Al-Tamimi warned, today, Sunday (February 23, 2025), of the rise in food prices with the approach of the month of Ramadan.
Al-Tamimi told Baghdad Today, "There is a fear among the Iraqi street of rising food prices with the approach of the holy month of Ramadan, especially with the presence of some greedy merchants, and this is why we find a rush to the markets these days for shopping, fearing a rise in prices in the coming few days."
He added, "The competent supervisory authorities in the Ministry of Interior and the Ministry of Commerce must monitor prices in the markets on a daily basis to prevent any manipulation of prices and raise the prices of some food items that are in high demand during the month of Ramadan. This sends messages of reassurance to citizens."
Ramadan is a special time for Muslims, when people come together in a special spiritual and social atmosphere. However, many face increasing economic challenges during this month, most notably the rise in prices of food and basic products, which burdens low-income families.
There are many reasons for this increase in prices, including increased demand for food, some traders taking advantage of this opportunity to raise prices, in addition to problems related to supply chains and economic inflation. In some countries, governments are seeking to take control measures to limit these increases, such as imposing fixed prices or providing support for some basic commodities. link
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Tishwash: Huge" wealth.. What do you know about "precious" minerals in Iraq?
Economy Sumerian is witnessing Iraq An important shift in its economic strategy, as the government is moving towards diversifying sources of income and strengthening non-oil sectors, with the project to localize precious metals among the most prominent projects on this path.
And decided The Council The Industrial Coordination Committee on February 16th localized the manufacture of precious metals, including gold and jewelry, in addition to cosmetic products, with a focus on providing all necessary facilities for those wishing to establish their own factories.
And occupiesIraq28th place globally and 4th in the Arab world - afterSaudi ArabiaLebanon and Algeria - in the classificationCountriesThe highest gold reserves in the world, according toThe Council GlobalFor gold.
According to the latest table published by the Council, "Iraq raised its gold holdings to 162.7 tons, representing 12.7% of its total other reserves."
The Central Bank also resolvedIraqiRanked first in the Arab world and seventh globally on the list of banksCentralMost purchased gold in 2024, according to the Gold Council dataGlobalThe volume of purchases reachedIraqAbout 20 tons of gold.
A qualitative leap, confirmed Abdul Hassan Al-Ziyadi, a member of the Businessmen Union Council.IraqiThe new government’s plans in the industrial field, especially its orientation towards localizing precious metals, will represent a qualitative leap for Iraq, and will enable it to achieve leaps at the level ofGlobalIn the field of investment.
Al-Ziyadi said that the project of localizing precious or rare materials, or the rare metals industry, is one of the successful projects in Iraq, because the landIraqIt contains sufficient and surplus raw materials to launch such projects.
He pointed out thatIraqIt has rare and precious resources, and is one of the good and fruitful spots for gold, and other projects such as phosphate, and other precious metals, especially in Anbar Governorate.
Al-Ziyadi explained thatIraqHe began to think about using these resources and supporting the localization project to develop and benefit from it, stressing that the current government is ready to work and develop the work of its institutions, and direct it towards investment and encouraging investments.
He pointed out thatIraqHe began to think about building economic institutions of good benefit, and he also began to think about the precious metals that he could exploit to develop his economy.
Huge wealth awaits investment and is consideredIraqA country rich in its diverse mineral resources, as these resources are spread across its various governorates, and Anbar Governorate is the richest governorate in this field.
*According to the Iraqi Phosphate General Company, affiliated with the Ministry of Industry, surveys have revealed the availability of huge and confirmed reserves of phosphate amounting to about two billion confirmed and unexploited tons, with unconfirmed quantities that may exceed 7 billion tons.
*Iron ore, as its presence is particularly concentrated in the desert southwest of Anbar, where the underground reserve is estimated at about 60 million tons.
*Anbar governorates also have a large reserve of uranium in the Akashat area within the phosphate layer formations in the Western Desert.
*Anbar's mineral resources do not stop there, as silica is concentrated in the Western Desert region, and appears in the form of layers of white sand, where the reserve amounts to about 75 million tons.
*As for gold, it is found in the governorates of Anbar and western Nineveh.
* Huge quantities of sulfur are concentrated in Anbar, Salah al-Din and Nineveh, and the reserves are estimated at more than 600 million tons.
* As for sodium sulfur, it is widespread in Salah al-Din Governorate and the general reserve is estimated at about 22 million tons.
* As for quartzite, it is widespread in the Rutba area in Anbar and its reserves are estimated at about 16 million tons.
* Celestite (strontium sulfur) is widespread in the governorates of Najaf and Karbala, where it appears in the form of sandy rock lenses, and the country's reserve is estimated at about 0.8 million tons that are not exploited.
* Glass, its presence is concentrated in Anbar Governorate in the form of shiny surface sand in the plains and plateaus, and the existing quantities are estimated at about 400 million cubic meters.
* Lead is found in the governorates of Dohuk and Sulaymaniyah in the Kurdistan Region in the form of sedimentary carbonate rocks, and the reserve is estimated at more than 50 million tons.
*Statistics indicate the presence of dolomite in the provinces of Anbar and Muthanna, where the country's reserves are estimated at about 330 million tons.
*As for gypsum, it is concentrated in Nineveh, Kirkuk and Salah al-Din, and its reserves are estimated at about 130 million tons.
*Lime is found in Anbar, Muthanna, Najaf, Nineveh and Kurdistan, and its reserves are estimated at about 8 thousand million tons.
*Silver is found in the regions of KurdistanIraqWithin volcanic rocks.
* Bauxite is concentrated in Anbar, and its reserves are estimated at about one million tons.
* Feldspar sands are concentrated in Najaf Governorate, and its reserves are estimated at about 2.3 million tons.
* Quartz is concentrated in Anbar and the city of Faw, located on the waters of the Arabian Gulf in Basra, where its reserves are estimated at about 855 million cubic meters.
* As for copper, it is found in Sulaymaniyah Governorate, and its volume estimates vary between 10 and 20 million tons.
Reducing the exit of currency
To talk about the extent of the decision's impact on the market, economic expert Salah Nouri believed that it is too early to determine the level of prices and quality for the gold and jewelry industry, because the Cabinet's decision has not yet begun to be implemented.
Nouri explained that importing gold and precious metals constitutes a high percentage of total imports, and therefore this decision will contribute to reducing the exit of foreign currency (dollar) from the country, noting that the Ministry of Trade has been tasked with facilitating the import of raw materials for manufacturing purposes in coordination with the Central Bank.
He added that the manufacture of gold and jewelry insideIraqIt is supposed to make its local prices lower than its import price, warning that this industry may face the risks of fluctuations in global gold prices, which may in turn affect the stability of the local market.
Diversifying budget resources
Government advisor Alaa Al-Fahd confirmed that activating the precious metals localization sector will have an effective role in bringing outIraqFrom total dependence on oil as a major source of budget revenues.
Al-Fahd said thatIraqToday, it has the ability to diversify its sources of income by localizing the precious metals industry, which will have a positive impact on the economy.IraqiBy diversifying revenues and activating this vital industry, noting thatIraqHe has large reserves of gold that can be exploited in local manufacturing instead of importing ready-made gold jewelry from abroad.
Al-Fahd explained that Iraqi lands are rich in many undiscovered precious metals, and that these potential discoveries will directly contribute to increasing reserves and diversifying the economy, stressing that this requires conducting economic feasibility studies to determine the extent of the impact of these minerals and activating the industry.
He stressed that the matter is not limited to owning these minerals, but rather requires developing realistic plans to activate these industries and develop the economy, stressing that paying attention to these industries and localizing them in Iraq, in addition to providing facilities and attracting foreign investments, will have a direct impact on the economyIraqiAl
-Fahd pointed out that this requires a government decision, and that this decision is available today, and it is a message to attract development investments in this field to activate the mining industry in Iraq, especially since there is a basis and ownership of these natural resources that can be exploited to strengthen the economy.
He explained that supporting the budget by activating this sector is inevitable, as any industry will contribute to raising production capacities and increasing production, which leads to the development and activation of the industry, pointing out thatIraqThese transformation industries are needed to exploit the available infrastructure for minerals.
Al-Fahd explained that all opportunities are available today for investment in this field, and that investment in this sector is no less important than investment in any other sectors that contribute to developing the economy and supporting the budget, especially in light of the fluctuations in oil prices, stressing the need to search for alternative sources of income and revitalizing the industrial, agricultural and tourism sectors.
Al-Fahd stressed that these sectors can contribute effectively to achieving revenues and diversifying the economy, indicating thatIraqHe should follow suit.CountriesThe Arab and Gulf countries have emerged from their dependence on oil and have begun to stimulate other industries and develop their natural resources. link
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