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Iraq Economic News and Points to Ponder Saturday AM 1-25-25
An Economist Shows The Monthly Government Spending And Its Impact On The Rise Of The Dollar
Friday 24 January 2025 18:48 | Economic Number of readings: 137 Baghdad / NINA / Economic expert Manar Al-Obaidi revealed today, Friday: "The average monthly spending of the Iraqi government in 2024 amounted to about 12 trillion dinars," noting that: "Adding the loans and advances obtained by government agencies and ministries, which are estimated at about 2 trillion dinars per month, raises the total government spending to 14 trillion dinars per month."
Al-Obaidi said in a statement: "The government sector usually works for 20 days a month, which means that the daily spending rate is about 700 billion Iraqi dinars," noting that "to cover this level of spending, the Ministry of Finance needs to sell at least $ 400 million per day to the Central Bank, so that the latter can provide the cash needed to cover government expenditures."
An Economist Shows The Monthly Government Spending And Its Impact On The Rise Of The Dollar
Friday 24 January 2025 18:48 | Economic Number of readings: 137 Baghdad / NINA / Economic expert Manar Al-Obaidi revealed today, Friday: "The average monthly spending of the Iraqi government in 2024 amounted to about 12 trillion dinars," noting that: "Adding the loans and advances obtained by government agencies and ministries, which are estimated at about 2 trillion dinars per month, raises the total government spending to 14 trillion dinars per month."
Al-Obaidi said in a statement: "The government sector usually works for 20 days a month, which means that the daily spending rate is about 700 billion Iraqi dinars," noting that "to cover this level of spending, the Ministry of Finance needs to sell at least $ 400 million per day to the Central Bank, so that the latter can provide the cash needed to cover government expenditures."
He pointed out: "The Central Bank cannot provide the Iraqi dinar needed by the Ministry of Finance, except by selling its equivalent in dollars."
The economic expert explained: "The dollar sales by the Central Bank are directly linked to the increase in the size of government spending," indicating that: "The more spending, the more the Central Bank needs to sell larger quantities of dollars."
He added: "If this trend continues, we may reach a stage where the market witnesses daily sales ranging between 400 and 500 million dollars through the various mechanisms adopted by the Central Bank," warning that this reflects the direct impact of the rise in public expenditures on the currency market." / End8 https://ninanews.com/Website/News/Details?Key=1181860
Hanan Al-Fatlawi Calls On Parliament To Pass The Budget Amendment As Quickly As The “Three Laws” Were Approved
Friday 24 January 2025 | Politics Number of readings: 103 Baghdad / NINA / The head of the / Will / bloc, MP Hanan Al-Fatlawi, called on the House of Representatives to pass the amendment to the three-year budget law with the same speed with which it passed the three laws.
Al-Fatlawi said in a post on the / X / platform: "I call on the House of Representatives to pass the budget amendment with the same speed with which it passed the three laws within seconds."
She added: "Keeping the budget unamended means that the government will continue to pay one trillion dinars per month in salaries to the region, while companies in the region continue to produce 320 thousand barrels per day (870 billion dinars per month) that are smuggled outside Iraq and sold at low prices, much lower than SOMO prices, in addition to Turkey demanding a fine of $ 24 million per month for not exporting oil through the Iraqi pipeline extending to Ceyhan."
Last Tuesday, the House of Representatives voted on the three controversial laws (amending the Personal Status Law, amending the General Amnesty Law, and the Law on Returning Seized Lands to Their Owners) using the “one-basket” method, which sparked protests and objections from many representatives and political blocs, and resorted to challenging the legality of the vote, considering that the necessary quorum was not completed. https://ninanews.com/Website/News/Details?key=1181868
Iraqi Oil Prices Fall Below $80
Buratha News Agency 13420 25-01-24 Iraqi oil prices fell during the opening of trading today, Friday (January 24, 2025), below $80 per barrel for the first time in more than two weeks in the global market.
According to data, Basra Heavy crude recorded $76.59 per barrel, while the average recorded $79.85 per barrel, with a change of -0.35, respectively, for March 2025 delivery.
The data also showed a decline in global crude prices, with British Brent crude recording $78.26, while US West Texas Intermediate crude recorded $74.59 per barrel, with a change of -0.03 for both.
https://burathanews.com/arabic/economic/455515
Oil Falls As Trump Pressures For More Supplies, Lower Prices
Economy | 01/24/2025 Mawazine News – Baghdad Oil markets fell on Friday, a day after US President Donald Trump urged OPEC and its de facto leader Saudi Arabia to lower prices in a broad effort to boost crude output.
Brent crude futures were down 50 cents at $77.95 a barrel by 0044 GMT. U.S. West Texas Intermediate (WTI) crude was down 31 cents at $74.31. Trump said in a speech on Thursday at the World Economic Forum in Davos, Switzerland, that he would ask OPEC to lower the cost of a barrel of crude. He said he would ask Riyadh to increase its investment package in the United States to $1 trillion, up from $600 billion reported by the Saudi state news agency earlier in the day.
Analysts said uncertainty over Trump’s tariff policies and the possibility that the new president would push for higher U.S. oil production also weighed on crude futures.
But to prevent further declines, U.S. crude inventories fell last week to their lowest since March 2022, data from the U.S. Energy Information Administration showed. https://www.mawazin.net/Details.aspx?jimare=258939
Saleh: Serious Government Move To Stimulate The Insurance Sector In Iraq
Local | 12:57 - 01/24/2025 Mawazine News – Baghdad The Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Salih, confirmed today, Friday, that there is a serious government trend to activate the insurance sector in Iraq.
Salih said: "Activating the insurance sector in Iraq and addressing the absence of insurance culture as a means of financial protection requires considering several intertwined factors, some of which relate to the movement of the overall economy, and others to the societal culture,
including reviewing existing legislation, including, for example, the importance of providing tax incentives for companies and individuals who choose insurance and supporting small and medium-sized companies to provide innovative insurance products that meet market needs.
" He added, "Based on that, I find it important to design insurance products that suit different categories, such as agricultural insurance and disaster insurance, and to inform citizens that there is mandatory insurance for car accidents, as there is an approved mechanism in this regard that not many people know about, and it is part of the absent societal culture towards mandatory insurance in the country,"
indicating that "citizens' confidence in non-banking financial institutions must be enhanced, including insurance activity in particular, which is reflected in the development of the insurance sector as a whole and its interconnections in the entire national economy."
He added that "the disparity in purchasing power of many segments of society makes them focus on basic needs instead of future financial planning, and for inherited reasons as well due to years of wars, conflicts, and social and economic changes that have affected society."
He pointed out that "the decline in insurance culture is the main factor in the lack of development of this vital sector due to the lack of knowledge of the benefits of insurance and its importance as a means of financial protection, as families, communities, and clans are often relied upon to confront risks instead of resorting to appropriate insurance solutions guaranteed by law."
He stressed "the need to build integrated awareness programs targeting youth and various business sectors and improve the level of services in a way that enhances trust between customers and insurance companies, in addition to increasing the number of options provided by current insurance companies and activating the use of digital technology to improve the customer experience in terms of easy access to insurance services,"
noting "the importance of promoting partnership between the state and the private sector in the scope of life insurance, its services, and its institutions, and I find that it represents the second phase of the financial and economic reform undertaken by the government program."
He pointed out that "there is a serious government trend towards activating the insurance sector as it is the financial guarantor of the individual's and society's life, due to its significant positive impact on the national economy in general and the development of the financial market in particular by reducing risks and enhancing financial stability in the country."https://www.mawazin.net/Details.aspx?jimare=258947
President Of The Republic Reviews Iraq's Long-Term Economic Development Plan In Davos
Politics | 01/24/2025 Mawazine News – Baghdad President of the Republic Abdul Latif Jamal Rashid reviewed, on Friday, the main points of Iraq's plan for a long-term economic development strategy at the Davos Conference Center.
A statement by the Presidency of the Republic received by "Mawazine News" stated that "President of the Republic Abdul Latif Jamal Rashid participated in a dialogue session entitled (Towards a more stable land through land reclamation) at the Davos Conference Center."
The statement added that "during the session, which was attended by the Under-Secretary-General of the United Nations and Executive Secretary of the United Nations Convention to Combat Desertification Ibrahim Thiaw, the South African Minister of Agriculture Gwen Steenhuizen, the Executive Director of the Consultative Group on International Agricultural Research Asmahan Al-Wafi, the Executive Director and CEO of New Aero Farms Molly Montgomery, and the Deputy Prime Minister of Mongolia Togmeddin Dorjkhand, the President delivered a speech in which he emphasized his experience as an engineer specializing in water management with decades of experience, and he has devoted a large part of his career to addressing water scarcity issues and developing sustainable land use methods."
In his speech, the President explained the pressures that Iraq is facing due to climate change, water scarcity and desertification, stressing that "Iraq does not stand idly by in the face of these challenges, but has taken decisive and tangible steps to confront them through effective policies aimed at achieving sustainable development."
The statement continued, "The President reviewed the main points of Iraq's plan for a long-term economic development strategy, especially in the areas of agriculture, energy and water security," noting that "Iraq is currently participating in ongoing negotiations with neighboring countries such as Turkey and Iran, with the aim of concluding fair agreements to share the waters of the Tigris and Euphrates rivers,"
indicating that "these negotiations represent a strategic priority for the future of our region, in addition to its work at the international level with specialized international organizations to adopt agricultural practices that are resistant to climate change and ensure access to the necessary funding and expertise to achieve success."
The statement continued, "The session was attended by Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein, Chairman of the Advisory and Experts Authority in the Presidency of the Republic Ali Al-Shukri, and the Iraqi Ambassador to the Swiss Confederation Mohammed Al-Dabbagh."
Here is the text of the speech:
“I am pleased to be with you today at this important meeting. As a water management engineer with decades of experience, I have devoted a large part of my career to addressing water scarcity issues and developing sustainable land use methods.
These challenges are not new to me, nor are they merely theoretical issues; they are urgent realities that require us to act quickly. I am pleased to share with you today Iraq’s strategies to address these issues effectively and directly.
Today’s session, entitled “Towards A More Stable Land Through Land Reclamation,” focuses on a critical global challenge: land degradation.
40% of the world’s land has lost its fertility, threatening the stability of our economic and social environments. This phenomenon has caused a decline in agricultural productivity, pollution of waterways, and increasing and accelerating drought, putting economies and livelihoods around the world at risk.
Iraq is no exception to these challenges. About 39% of our land is exposed to desertification, at a time when our water resources, which are the basis of agriculture and livelihoods, are under increasing pressure.
The situation is exacerbated by climate change, rising temperatures, and declining water flows from rivers coming from neighboring countries.
However, Iraq is not standing idly by in the face of these challenges. We are taking decisive and tangible steps to confront them, through effective policies aimed at achieving sustainable development.
Let me review with you some of the main initiatives that we have begun to implement:
* The first and most important step is to improve the management of our existing water resources, by enhancing water use efficiency, developing modern irrigation systems, and collecting rainwater to use it for irrigating land.
* A ten-year federal national program to combat desertification: This program focuses on reforestation, soil conservation, and adopting sustainable agricultural methods.
* Expanding green belt projects: We are in the process of establishing buffer zones around our cities, to reduce the risk of desert encroachment by using local plants that are drought tolerant.
These efforts are an integral part of Iraq’s long-term economic development strategy, particularly in the areas of agriculture, energy and water security.
Sustainable development is the real guarantee of balanced growth that preserves the health of our environment for future generations.
As part of our quest for sustainable development, we are shifting towards renewable energy. We are also working to promote climate-smart agriculture, diversify crops, encourage organic and regenerative agriculture, and tighten legal regulations for sustainable land use practices.
Addressing our water challenges requires cross-border cooperation.
Iraq is currently engaged in ongoing negotiations with neighboring countries such as Turkey and Iran to conclude fair agreements for sharing the waters of the Tigris and Euphrates rivers. These negotiations represent a strategic priority for the future of our region.
Iraq is working internationally, alongside global organizations such as the United Nations Convention to Combat Desertification, the Food and Agriculture Organization (FAO), the World Food Programme (WFP), and the World Bank, to adopt climate-resilient agricultural practices and ensure access to the financing and expertise necessary for success.
In conclusion, we know that sustainable solutions can only be achieved through effective local action and community engagement, which is the foundation of our strategy to address challenges.
Ladies and gentlemen,
land reclamation is not just an environmental imperative, it is a moral responsibility towards future generations.
It is about protecting livelihoods, preserving ecosystems and ensuring a sustainable future for us and our children. Iraq is committed to this mission and I look forward to working with all of you to achieve these common goals. Thank you." https://www.mawazin.net/Details.aspx?jimare=258960
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Saturday Morning 1-25-25
Good Morning Dinar Recaps,
SATOSHI'S BITCOIN: RIPPLE CTO SHARES KEY XRP, BTC INSIGHT
In a recent discussion about the circulating supply of XRP, Ripple CTO David Schwartz draws parallels with Bitcoin and the coins attributed to its mysterious creator, Satoshi Nakamoto. His remarks highlighted the complexity of defining what constitutes "circulating supply" in the crypto landscape.
An X user had drawn attention to the disparity in XRP's circulating supply reported by the crypto ranking platform CoinMarketCap and popular XRP explorer XRPScan.
Good Morning Dinar Recaps,
SATOSHI'S BITCOIN: RIPPLE CTO SHARES KEY XRP, BTC INSIGHT
In a recent discussion about the circulating supply of XRP, Ripple CTO David Schwartz draws parallels with Bitcoin and the coins attributed to its mysterious creator, Satoshi Nakamoto. His remarks highlighted the complexity of defining what constitutes "circulating supply" in the crypto landscape.
An X user had drawn attention to the disparity in XRP's circulating supply reported by the crypto ranking platform CoinMarketCap and popular XRP explorer XRPScan.
CoinMarketCap reports XRP's current circulating supply as 57.64 billion XRP, while according to a screenshot shared by the X user, XRPScan reported 62.23 billion XRP.
Addressing this speculation, Schwartz explained, "How you measure circulating supply depends on what you consider to be circulating and what you don’t consider to be circulating." He continued, "For a Bitcoin analogy, are Satoshi’s bitcoins circulating? Reasonable people can even disagree on which bitcoins are Satoshi’s."
Satoshi owned Bitcoin in spotlight
The analogy made by the Ripple CTO is particularly relevant given that Satoshi Nakamoto is believed to own over 1 million BTC, which have remained untouched since Bitcoin’s early days.
While these coins technically exist on the blockchain, many in the crypto community believe they are essentially out of circulation due to their inactivity.
According to CoinMarketCap, Bitcoin's total and circulating supply is presently 19.81 million BTC, with a maximum supply of 21 million BTC. Ripple's XRP holdings are divided into two categories: XRP that is currently available in its wallets, and XRP subject to on-ledger escrow lockups that will be released monthly over the next 42 months.
For this latter category, Ripple does not have access to this XRP until the escrow releases it to them monthly. Every month, the remaining XRP released is returned to the escrow account.
@ Newshounds News™
Source: U Today
~~~~~~~~~
BRICS: IS THE ALLIANCE COMMON CURRENCY PLAN OFFICIALLY OVER?
For the last several months, the BRICS economic alliance has drawn the ire of the United States due to its plan to create a common currency. Indeed, newly elected president Donald Trump has threatened 100% tariffs on nations within the bloc that are seeking to ditch the US dollar.
However, recent months have seen the bloc speak up about the plan and its place in the group’s operations. Those statements have started to place doubt on whether the initiative is even moving forward with the collective. So, is the BRICS Common Currency Plan officially over? Here’s what the alliance has said.
BRICS Speaks on Common Currency Plan: Is It Moving Forward?
For much of the last two years, the BRICS alliance has sought to engage in widespread de-dollarization efforts. With increased sanctions coming from the West, the bloc has sought to lessen its reliance on the currency and promote its own local alternatives within trade. Specifically, this took place through the creation of their own BRICS Pay system that has made major strides since 2024.
Somewhere along the line, the alliance discussed the creation of its own currency to rival the dollar. That seemed to be the final straw, as it drove increased opposition from the West.
With 100% tariff threats being shared, the BRICS common currency plan may have been ceased by the bloc. At least, that is how it seems based on recent statements.
Firstly, officials from South Africa quickly dispelled rumors of an imminent BRICS currency. They noted, according to a recent report, that their focus remained on increasing trade with local currencies. Additionally, they noted that such action only increased the financial stability of the alliance itself.
Finance Minister Enoch Godongwana emphasized that back in September, he noted that the bloc has yet to decide on the implementation of a digital currency that would be created under the umbrella of the BRICS alliance.
However, the Department of International Relations and Cooperation clarified the purpose of this was not “de-dollarization.” Instead, on strengthening banking network and alliance infrastructure
Finally, India has also spoken out about the process. Reserve Bank of India Governor Shaktikanta Das noted that the currency plan remained nothing more than an idea presented by a single member.
“BRICS Currency was an idea raised by one of the members and was discussed, but no decision has been made,” Das noted. It is likely Russia was behind the idea. The pressure of ongoing sanctions has had Moscow leading the bloc’s de-dollarization charge for much of the last year.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
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Thank you Dinar Recaps
“Tidbits From TNT” Saturday Morning 1-25-2025
TNT:
Tishwash: Halliburton to Develop 2 Oil Fields in Iraq
The Iraqi Cabinet has approved a Heads of Agreement (HOA) with US-based Halliburton for the development of the Nahr Bin Omar [Nahr Bin Umar, Nahr Ben Umar] and Sindbad oil fields in Basra.
According to a statement from the Media Office of the Prime Minister, the project will employ Integrated Field Management Services (IFMS) and the EPCM model, aligning with national efforts and licensing round frameworks.
The South Gas Company (SGC) and Halfaya Gas Company (HGC) signed a contract for the development and processing of gas from the Nahr Bin Umar last year, while China's United Energy Group (UEG) was awarded the contract for Sindbad in 2018.
TNT:
Tishwash: Halliburton to Develop 2 Oil Fields in Iraq
The Iraqi Cabinet has approved a Heads of Agreement (HOA) with US-based Halliburton for the development of the Nahr Bin Omar [Nahr Bin Umar, Nahr Ben Umar] and Sindbad oil fields in Basra.
According to a statement from the Media Office of the Prime Minister, the project will employ Integrated Field Management Services (IFMS) and the EPCM model, aligning with national efforts and licensing round frameworks.
The South Gas Company (SGC) and Halfaya Gas Company (HGC) signed a contract for the development and processing of gas from the Nahr Bin Umar last year, while China's United Energy Group (UEG) was awarded the contract for Sindbad in 2018.
(Source: Media Office of the Prime Minister) link
************
Tishwash: Will spending be disrupted by delaying the budget amendment? A government advisor explains
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained the disbursement mechanism in the event that the amendment to the financial budget law is not approved.
Saleh told Al Furat News Agency: "There is a legal rule that stipulates that the special law restricts the general law, and since the Federal General Budget Law No. 13 of 2023 is the basis for legislation for the state budget for the year 2025 within the scope of the federal general budget legislation and is specialized for three years, there is no other text that adds to the suspension of work on it."
He added, "I also do not see that one article, which is 77/second, related to submitting tables related to estimates for implementing the 2025 budget and according to the required adjustments, will restrict work in implementing the general budget originally legislated in 2023 and resorting to Law No. 6 of 2019, as amended, and we mean the Federal Financial Management Law.
" Saleh continued, "Despite that, we do not see anything that hinders the submission of the state's general budget tables for the year 2025, as the financial authority has the ability and sufficient tools to submit them in the appropriate coming period and according to a broad technical consultation circle between the executive and legislative authorities and in a manner that serves the national interest of the country and the government program."
Saleh said that "government spending is proceeding normally, in addition to public revenues, and there is nothing restricting the elements of implementing the general budget, except for the amendment currently before the House of Representatives." link
************
Tishwash: President of the Republic reviews Iraq's long-term economic development plan in Davos
President Abdul Latif Jamal Rashid reviewed, on Friday, the main points of Iraq's plan for a long-term economic development strategy at the Davos Conference Center.
A statement by the Presidency of the Republic received by "Mawazine News" stated that "President Abdul Latif Jamal Rashid participated in a dialogue session entitled (Towards a more stable land through land reclamation) at the Davos Conference Center."
The statement added that "during the session, which was attended by the Under-Secretary-General of the United Nations and Executive Secretary of the United Nations Convention to Combat Desertification Ibrahim Thiaw, the South African Minister of Agriculture Gwen Steenhuizen, the Executive Director of the Consultative Group on International Agricultural Research Asmahan Al-Wafi, the Executive Director and CEO of New Aero Farms Molly Montgomery, and the Deputy Prime Minister of Mongolia Togmeddin Dorjkhand,
The President delivered a speech in which he emphasized his experience as an engineer specializing in water management with decades of experience, and he has devoted a large part of his career to addressing water scarcity issues and developing sustainable land use methods."
In his speech, the President explained the pressures that Iraq is facing due to climate change, water scarcity and desertification, stressing that "Iraq does not stand idly by in the face of these challenges, but has taken decisive and tangible steps to confront them through effective policies aimed at achieving sustainable development."
The statement continued, "The President reviewed the main points of Iraq's plan for a long-term economic development strategy, especially in the areas of agriculture, energy and water security," noting that "Iraq is currently participating in ongoing negotiations with neighboring countries such as Turkey and Iran, with the aim of concluding fair agreements to share the waters of the Tigris and Euphrates rivers," indicating that "these negotiations represent a strategic priority for the future of our region, in addition to its work at the international level with specialized international organizations to adopt agricultural practices that are resistant to climate change and ensure access to the necessary funding and expertise to achieve success."
The statement continued, "The session was attended by Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein, Chairman of the Advisory and Experts Authority in the Presidency of the Republic Ali Al-Shukri, and the Iraqi Ambassador to the Swiss Confederation Mohammed Al-Dabbagh."
Here is the text of the speech:
“I am pleased to be with you today at this important meeting. As a water management engineer with decades of experience, I have devoted a large part of my career to addressing water scarcity issues and developing sustainable land use methods.
These challenges are not new to me, nor are they merely theoretical issues; they are urgent realities that require us to act quickly. I am pleased to share with you today Iraq’s strategies to address these issues effectively and directly.
Today’s session, entitled “Towards a more stable land through land reclamation,” focuses on a critical global challenge: land degradation.
40% of the world’s land has lost its fertility, threatening the stability of our economic and social environments. This phenomenon has caused a decline in agricultural productivity, pollution of waterways, and increasing and accelerating drought, putting economies and livelihoods around the world at risk.
Iraq is no exception to these challenges. About 39% of our land is exposed to desertification, at a time when our water resources, which are the basis of agriculture and livelihoods, are under increasing pressure.
The situation is exacerbated by climate change, rising temperatures, and declining water flows from rivers coming from neighboring countries.
However, Iraq is not standing idly by in the face of these challenges. We are taking decisive and tangible steps to confront them, through effective policies aimed at achieving sustainable development.
Let me review with you some of the main initiatives that we have begun to implement:
* The first and most important step is to improve the management of our existing water resources, by enhancing water use efficiency, developing modern irrigation systems, and collecting rainwater to use it for irrigating land.
* A ten-year federal national program to combat desertification: This program focuses on reforestation, soil conservation, and adopting sustainable agricultural methods.
* Expanding green belt projects: We are in the process of establishing buffer zones around our cities, to reduce the risk of desert encroachment by using local plants that are drought tolerant.
These efforts are an integral part of Iraq’s long-term economic development strategy, particularly in the areas of agriculture, energy and water security.
Sustainable development is the real guarantee of balanced growth that preserves the health of our environment for future generations.
As part of our quest for sustainable development, we are shifting towards renewable energy. We are also working to promote climate-smart agriculture, diversify crops, encourage organic and regenerative agriculture, and tighten legal regulations for sustainable land use practices.
Addressing our water challenges requires cross-border cooperation.
Iraq is currently engaged in ongoing negotiations with neighboring countries such as Turkey and Iran to conclude fair agreements for sharing the waters of the Tigris and Euphrates rivers. These negotiations represent a strategic priority for the future of our region.
Iraq is working internationally, alongside global organizations such as the United Nations Convention to Combat Desertification, the Food and Agriculture Organization (FAO), the World Food Programme (WFP), and the World Bank, to adopt climate-resilient agricultural practices and ensure access to the financing and expertise necessary for success.
In conclusion, we know that sustainable solutions can only be achieved through effective local action and community engagement, which is the foundation of our strategy to address challenges.
Ladies and gentlemen,
land reclamation is not just an environmental imperative, it is a moral responsibility towards future generations.
It is about protecting livelihoods, preserving ecosystems and ensuring a sustainable future for us and our children.
Iraq is committed to this mission and I look forward to working with all of you to achieve these common goals. Thank you." link
************
Mot: ... for my next prediction:
Mot : Such a cutie
MilitiaMan & Crew Iraq Dinar News-2024 Digital Compact-WEF Security & Stability-Development-National Card in USA-
MilitiaMan & Crew Iraq Dinar News-2024 Digital Compact-WEF Security & Stability-Development-National Card in USA-
1-24-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
MilitiaMan & Crew Iraq Dinar News-2024 Digital Compact-WEF Security & Stability-Development-National Card in USA-
1-24-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
FRANK26…..1-24-25……BUDGET SCHEDULES
KTFA
Friday Night Conference Call
FRANK26…..1-24-25……BUDGET SCHEDULES
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
Friday Night Conference Call
FRANK26…..1-24-25……BUDGET SCHEDULES
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
Bruce’s Big Call Dinar Intel Thursday Night 1-23-25
Bruce’s Big Call Dinar Intel Thursday Night 1-23-25
Transcribed By WiserNow Emailed To Recaps
You welcome everybody to the big call tonight. It is Thursday, January 23rd and you're listening to the big call all over the globe, with the help of the satellite team, they've connected us as always, to the star Link satellite system, and we are being beamed around the globe as we speak to as many as 200 countries in their own language. Some are getting it in English. Some are getting it in their own language. Three seconds after I say it, they receive it, which is pretty cool. I love it. Thank you. Sat Team for doing that. Let’s do this, let's pray the call in like we do every Tuesday and Thursday night, and then we'll, we'll just enjoy the time and the call together
All right. Thank you, Bob, that was really important. Very good. And let's it's quarter after a little after now. So let's get into the Intel and see where we are.
Bruce’s Big Call Dinar Intel Thursday Night 1-23-25
Transcribed By WiserNow Emailed To Recaps
You welcome everybody to the big call tonight. It is Thursday, January 23rd and you're listening to the big call all over the globe, with the help of the satellite team, they've connected us as always, to the star Link satellite system, and we are being beamed around the globe as we speak to as many as 200 countries in their own language. Some are getting it in English. Some are getting it in their own language. Three seconds after I say it, they receive it, which is pretty cool. I love it. Thank you. Sat Team for doing that. Let’s do this, let's pray the call in like we do every Tuesday and Thursday night, and then we'll, we'll just enjoy the time and the call together
All right. Thank you, Bob, that was really important. Very good. And let's it's quarter after a little after now. So let's get into the Intel and see where we are.
All right. Now,I did guess just get a little bit an update. While Sue was in her segment, and I stepped away and came back to the call. But here's what is going on. We have been looking to be notified since Tuesday, and it's already Thursday night. We have not been notified yet, the snow and the icy roads in the South were a little bit of a factor, but not as much today as they were yesterday.
You know, 13 and a half inches in Charmat, Louisiana. You know, 10 inches in Milton, Florida. We're on exit six or exit eight, something like that. On Interstate 10, we look I 95 through South Carolina -- Only one lane was open, one lane going north, one lane going south.
Today, this afternoon, we had enough melting where now I 95 is open. So you know, it's, I don't know how much the weather was good to push on this – But we did find out today that there was an issue with three countries, Germany, South Korea, and let's see what was it one of the African nations, and I'll think of it in a minute - And so these three were trying to connect to the Starlink satellite system.
They had some connectivity issues, but the main problem was they needed verification of their inground assets, their in ground assets. You say, what is that? What does that mean in ground if there were a country that was that had oil, natural gas, that might have precious metals underground, that might have both, could have silver, could have any could have jewels, diamonds, rubies, sapphires, all of that, all of those things that are in the ground that can be mined or brought up, like oil, that is considered an asset.
And the reason that's important is these countries, currency values are determined by the in ground assets, plus the assets that are above ground, okay, their supply of gold that they might have, or whatever. And it's just, it's just the getting the combination and the total of those assets.
Look for the United States. We've got a lot of gold, believe it on we repatriated the gold that was underneath the Vatican for 300 miles that went to the proper countries, including the US, you know, but these three countries were slow, and they basically were givenan ultimatum today.
Listen, we need the verification of these in ground assets, or you're out of the loop. We're going to go around you, and you won't be able to take part in the revaluation or in the exchanges. Well, guess what? All three countries got their act together and were able to get connected through the Starlink satellite system and get that information out to our treasury and make sure that we have the information needed. Okay, so that's really important.
So that looks like it took care of itself somewhere around 1:00 or 130 Eastern this afternoon. That was no longer an issue, no longer a problem. So then we heard, okay, that's good. And then we heard from one of the international banks that in an email to their banks, to their redemption centers, they said, prepare for Thursday and Friday. No check that. Sorry.
Prepare for Friday and Saturday, the 24th and 25th to be Gangbuster days. Gangbuster days and so then you will be talking to the redemption center people, and you will be very busy on those days. Okay, that's good. That's really good. We took that to mean that bond holders should be notified sometime tomorrow.
And I think the fines and penalties and all of that adjudicated settlements and farm claims, ranch claims, and Indian claims, all of that that doesn't go out tonight to them. It should be tomorrow. They get that. And then, of course, that includes CMKX. These are what we call the intermediaries, okay, bond holders are next - And then we in tier four, A and B, which is admiral’s group, and us in the internet group would go next. So I believe what I just mentioned this now will all take place tomorrow.
However, the latest piece of Intel says that the takeoff day for all of this is going to be Saturday. So we might see some activity - I think I don't remember to see our numbers tomorrow. One source said, Yes, tomorrow for us, the latest piece we just got - which was from the person in the treasury that was put in charge of appointing the pay masters for these groups in Reno, that person said, everything will be taking off for all of us on Saturday.
Now let's say that happens, we get our numbers, and hopefully it's before lunchtime. Let's say it's anytime before maybe we get that. We could roll some exchanges on Saturday and then Sunday is another exchange day, Monday, Tuesday, Wednesdays, etc. So that is the plan, as it is now. I would love to say it's absolutely for tomorrow for us, but it is not for us in our group the internet group in 4b it looks like Saturday, so that is where we stand right now.
Not a whole lot else to add for that, except the information said that we'll be very excited about the rates. I think the rates are going to go higher, especially on Dong and are, and we know that they are contract on dinar, which tied to the per barrel price of oil, which is was in the low 80s. That's per dinar, by the way, and so that’s the latest we have on that.
And of course, the Zim it'll go only at the redemption center for the redemption of it, and the contract rate is only available at the redemption center. So we need a call and set an appointment. And the absolute maximum appointment time has been set at 45 minutes.
So the ones 30 minutes to 40 maximum 45 if you've got a box or two of bonds, let them know, because you might need a double appointment to handle those bonds. You might, I don't think you've got a lot of currency and you also have bonds.
Man, I don't see how you can get it done in 45 minutes. I just don't know. I know they go super fast on the Delarue machine, and can crank it out and get that done. But even setting up an account, setting up your quantum account, all of that, it takes a little time, and I know it's going to go fast, guys, don't go really going to be the fastest 40 or 45 minutes of your life, probably. And have fun with it. Just enjoy it. Pay attention, and you'll be fine.
Your NDA would last a minimum of 30 days, and then it could last as long as six months, depending on how they read you. If they read you as sharp, intelligent, going to keep your mouth quiet. Keep your you know, keep it quiet. Keep your mouth closed. You know, you might end up with just 30 days.
Look like you might be able to do that. Then they might extend it. And you could go two months, three months, even six months under an NDA undisclosed.
So let's see if there's anything else that I can think of right now.
Yeah, I think, really, what we're looking at is getting this thing started this week -- Med Beds are coming very quickly, even to the public. They moved it up. They moved the public notification of Med Beds up to Monday or Tuesday, 27 through 28 but it is based on dire need for the public, for us in 4B it based more on Zim holders and dire need the first priority into the Med Beds - okay, and the public that doesn't have any zim, it's going to be based on dire need, and that's still okay. That's it. That's what we're looking at.
And I think that everything is starting to come out in the way of some disclosure. Of course, the meds be a big thing for disclosure next, early next week, but even today, with the executive order that President Trump signed to declassify the the assassination of John F Kennedy June, John F Kennedy and his brother Robert Kennedy and Martin Luther King Jr, has been put into it with declassified status, which should take up to 15 days for that to go through to the proper people, and then we should get disclosed maybe sooner than 15 days, but that's what's in the exit board.
So we'll see what happens on that. But I think we're going to see the start here of some really interesting disclosure events, wait till they deal with what happened on 9 /11 in New York. Yeah, that I don't know when that's coming out, but we'll see
Otherwise. Yeah, I think we're just really ready to go. And this is good. We should be excited.
It's really going to be exciting. You guys know why I'm excited about it, so let's think if there's anything else, nothing else the timeline looks like tomorrow for bond holders and the intermediaries. For us, it looks like notifications and set appointments and start exchangesand go right through and do something and so on. So that's right now we have, let's go ahead Okay, let's do this. Let's pray the call out, and then we'll take it from there.. Alright everybody, have a great weekend.
Bruce’s Big Call Dinar Intel Thursday Night 1-23-25 REPLAY LINK Intel begins 1:17:45
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Seeds of Wisdom RV and Economic Updates Friday Afternoon 1-24-25
Good Afternoon Dinar Recaps,
RIPPLE CEO SPARKS SPECULATION OVER XRP IN US STRATEGIC RESERVE
▪️President Trump signed an executive order creating the Presidential Working Group on Digital Asset Markets, led by venture capitalist David Sacks, to explore the establishment of a strategic national digital assets stockpile.
▪️While many anticipated that the national reserve would primarily consist of Bitcoin, discussions about including Ripple have surfaced, sparking mixed reactions within the crypto community.
Just three days into his presidency, President Donald Trump signed an executive order on Thursday to explore creating a national digital asset stockpile.
Good Afternoon Dinar Recaps,
RIPPLE CEO SPARKS SPECULATION OVER XRP IN US STRATEGIC RESERVE
▪️President Trump signed an executive order creating the Presidential Working Group on Digital Asset Markets, led by venture capitalist David Sacks, to explore the establishment of a strategic national digital assets stockpile.
▪️While many anticipated that the national reserve would primarily consist of Bitcoin, discussions about including Ripple have surfaced, sparking mixed reactions within the crypto community.
Just three days into his presidency, President Donald Trump signed an executive order on Thursday to explore creating a national digital asset stockpile.
While many Bitcoin advocates had hoped for swift action to establish a Bitcoin-only reserve, the order instead focused on the feasibility of a broader national reserve of digital assets.
The executive order also established a Presidential Working Group on Digital Asset Markets, led by venture capitalist David Sacks. The group includes high-profile officials, such as the Treasury Secretary, the Attorney General, and the head of the Securities and Exchange Commission (SEC).
Their mission is to craft a comprehensive federal strategy for regulating cryptocurrencies and stablecoins, laying the groundwork for the U.S. government’s approach to digital finance.
Currently, the U.S. government holds $21 billion worth of crypto assets, primarily Bitcoin. This includes 69,370 bitcoins, set to be auctioned by the U.S. Marshals at the end of 2024. However, discussions about diversifying the reserve to include additional cryptocurrencies have ignited debates within the crypto community.
Ripple Pushes for Inclusion in the Reserve
Reports suggest the Trump administration may prioritize U.S.-founded crypto assets like Ripple (XRP), Solana (SOL), and USDC for the proposed reserve.
Ripple’s $5 million donation to Trump’s inauguration and ongoing dialogue with policymakers have added to speculation about the company’s influence on the administration’s crypto policies.
Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty have reportedly met with President Trump and his advisors to advocate for XRP’s inclusion in the reserve.
Garlinghouse highlighted that Ripple’s mission aligns with the administration’s vision of supporting American innovation and businesses.
In interviews, Garlinghouse has emphasized that a diversified reserve of digital assets would strengthen the U.S.’s competitive edge in the global crypto landscape. “A strategic reserve that combines Bitcoin with other technologies would make sense from both an innovation and a national security standpoint,” he argued.
Not everyone supports expanding the reserve beyond Bitcoin. Pierre Rochard, VP of Research at Bitcoin mining firm Riot Platforms, criticized the potential inclusion of XRP.
He claimed Ripple’s lobbying efforts aim to divert attention from Bitcoin, undermining Trump’s campaign commitments to ban central bank digital currencies (CBDCs) and prioritize a Bitcoin-only reserve.
“The biggest obstacle for the Strategic Bitcoin Reserve is not the Fed, Treasury, or banks, it’s Ripple/XRP,” Rochard stated, underscoring his belief that Bitcoin should remain the sole asset in any national crypto reserve.
The idea of a diversified digital asset stockpile has sparked discussions across the crypto industry. Scott Melker, host of The Wolf of All Streets Podcast, shared rumors that the reserve could include both Bitcoin and XRP.
While acknowledging the speculative nature of these claims, Melker indicated that his sources were credible. At press time, Bitcoin was trading at $105,380 after increasing by 3.62% in the last 24 hours and by 3.60% over the past week.
@ Newshounds News™
Source: Crypto News Flash
~~~~~~~~~
TRUMP EXEC ORDER DIGITAL ASSETS WORKING GROUP: FED NOT INVITED
Yesterday the White House published President Trump’s executive order on digital financial technology. It creates a digital asset working group, which will be responsible for proposing federal regulatory framework within six months.
White House AI & Crypto Czar David Sacks will chair the group, which consists of the heads of 11 government agencies. That includes the Treasury Secretary, Commerce Secretary, SEC Chair and CFTC Chair. Despite the regulations covering stablecoin payments, the Federal Reserve and other banking regulators are not included.
However, there is a caveat that the Chair can invite other agencies that have relevant expertise.
While the executive order includes evaluating the potential for creating a national digital asset stockpile, it states this will likely come from asset seizures.
The key actions of the executive order are to:
▪️allow access to public blockchains, for people to participate in validating transactions, and preserving self custody of digital assets
▪️enhance US sovereignty by promoting lawful dollar backed stablecoins worldwide
▪️protect access to banking services for all
▪️provide regulatory clarity for digital assets based on technology neutral regulation
▪️prohibit the issuance of a CBDC.
Additionally, the new order revokes President Biden’s digital assets executive order and the Treasury’s “Framework for International Engagement on Digital Assets.”
The latter covered quite a bit of ground, with a substantial proportion relating to CBDC. It also involved working with the Financial Stability Board on digital assets, AML with FATF, and OECD work on crypto tax, amongst others.
Stablecoins in, banks out?
Apart from excluding banking regulators from the working group which covers stablecoin payments, it remains to be seen how wide the CBDC ban is.
On the stablecoin regulation front, the previous administration pushed for the Federal Reserve to be given a central role in approving stablecoins under draft regulations. Excluding the Fed from the working group is a big step in the opposite direction.
Sidestepping banking regulators is likely a backlash. They are viewed as obstructing the crypto sector through de-banking and there was pushback about the shutting down of Signature Bank by the FDIC. Digital asset bank Custodia has been repeatedly refused membership of the Federal Reserve System. That said, the FDIC now has a Republican Acting Chair.
Banks have also been slowed from engaging with blockchain and DLT. For example, the USDF Consortium for interbank DLT payments has not yet launched, even though it moved from a permissionless to a private blockchain. That’s apart from the many banks that were blocked from offering crypto to clients.
No wholesale CBDC?
Regarding CBDC, the ban does not distinguish between retail and wholesale CBDC. Unlike a retail CBDC where there are valid privacy concerns (even with the best of intentions), a wholesale CBDC is designed for interbank settlement only. The Federal Reserve already explored differences between a wholesale CBDC versus tokenizing existing central bank reserves.
Either of these would support banks engaging with blockchain, particularly for tokenized deposits, securities settlement and cross border payments. The lack of wholesale CBDCs has slowed bank adoption of DLT around the world.
Recently the European Central Bank ran DLT trials for wholesale settlement using central bank money, which encouraged numerous (real) digital bond issuances. Sixty-four institutions took part in more than 40 trials and experiments.
The New York Innovation Center (NYIC) at the Federal Reserve Bank of New York has been involved (purely for research) in Project Agorá, which aims to make cross border payments via correspondent banking faster and cheaper.
Agorá uses tokenization and is led by the Bank for International Settlements (BIS). Seven central banks and more than 40 private sector firms are involved, with most of the central banks providing a trial wholesale CBDC for interbank settlement. Without the dollar, that would leave a large gap for an international payments network.
The purpose of using central bank money for institutional settlement is to reduce payment risks. As a fallback, a private institution could tokenize the reserves held by multiple banks in an omnibus account at the central bank.
From a risk perspective it’s not quite as optimal because there is always the risk of failure of the company, even if it is designed to be bankrupt remote. In the UK, Fnality has taken this approach. If the Fed itself is blocked from tokenizing reserves, Fnality’s U.S. expansion plans could be looking rosier.
@ Newshounds News™
Sources: Ledger Insights, WhiteHousegov
~~~~~~~~~
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Thank you Dinar Recaps
Iraq News Posted by Clare at KTFA 1-24-2025
KTFA
Clare: Raed Fahmy: Iraq is exposed to increasing economic pressures under the Trump administration
1/24/2025 Baghdad -
Iraq is facing increasing economic pressures under the administration of US President Donald Trump, Secretary of the Iraqi Communist Party, Raed Fahmi, said on Friday, calling on the government to reveal its plans to confront these risks. LINK
KTFA
Clare: Raed Fahmy: Iraq is exposed to increasing economic pressures under the Trump administration
1/24/2025 Baghdad -
Iraq is facing increasing economic pressures under the administration of US President Donald Trump, Secretary of the Iraqi Communist Party, Raed Fahmi, said on Friday, calling on the government to reveal its plans to confront these risks. LINK
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Clare: Parliamentarian: The House of Representatives will pass a set of laws after approving the controversial ones
1/24/2025
A member of the House of Representatives expects a number of laws to be passed during the upcoming sessions after the approval of the controversial laws.
Khaled Hamad Allawi told Al Furat News Agency: "New laws will be passed in the coming period because all the remaining laws are considered simple compared to the previous laws passed."
He explained that "the general amnesty, personal status and property return laws are considered among the laws that were obstructing the work of the House of Representatives and were passed."
Raghad LINK
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Clare: Parliamentary Energy Reveals US Pressure to Pass Budget Amendment Law...and This is the Reason
1/23/2025 Baghdad
The Parliamentary Energy Committee revealed, on Thursday, American pressure to pass the amendment to the budget law.
The Deputy Chairman of the Energy and Natural Resources Committee in the House of Representatives, Adnan Al-Jaberi, said in an interview with the “Al-Mudawala” program, which is broadcast on “Al-Ahd” channel, that “most of the companies operating in the Kurdistan Region are American,” stressing that “the American administration is pressing to expedite the amendment of the budget law.”
He added, "The amendment of the budget aims to address the oil dispute between Baghdad and Erbil," indicating that "the amendment of Article 14 of the budget will lead to the appointment of about 12,000 employees on a contract basis."
He added, "The vote on amending the budget will lead to Baghdad's recognition of the oil contracts concluded by the region," explaining that "we proposed to the region to establish a national oil company affiliated with the federal Ministry of Oil."
He added, "We are seeking to amend Article 12 of the budget in a strict manner to prevent the region and the center from evading implementation." LINK
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Clare: Hanan Al-Fatlawi calls on Parliament to pass the budget amendment as quickly as the three laws were approved
1/24/2025 Baghdad
Head of the Irada bloc, MP Hanan Al-Fatlawi, called on the House of Representatives today, Friday, to pass the amendment to the three-year budget law with the same speed with which it passed the three laws.
Al-Fatlawi said in a tweet followed by "Mawazine News": "I call on the House of Representatives to pass the budget amendment with the same speed with which it passed the three laws within seconds."
She added, "Keeping the budget unamended means that the government will continue to pay one trillion dinars per month in salaries to the region, while companies in the region continue to produce 320,000 barrels per day (870 billion dinars per month) that are smuggled outside Iraq and sold at low prices, much lower than SOMO prices, in addition to Turkey demanding a fine of $24 million per month for not exporting oil through the Iraqi pipeline extending to Ceyhan." LINK
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Clare: Al-Alaq: Baghdad Dialogue is a meeting point for visions and ideas that support security and development
1/24/2025 Baghdad
The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Friday, that the Baghdad Dialogue is a meeting point for visions and ideas that support security and development.
Al-Alaq said in a statement received by "Al-Eqtisad News", "The Baghdad Dialogue, which is organized annually by the Iraqi Institute for Dialogue (IID), is a platform that brings together visions to enhance Iraq's regional and international role, and highlight its ability to host major events, to become a meeting point for visions and ideas that support security and development in Iraq, the region and the world."
It is noteworthy that the activities of the seventh Baghdad International Dialogue will be launched with the participation of an elite group of political, economic and academic figures from inside and outside Iraq on February 22, 2025. LINK
Economist’s “News and Views” 1-24-2025
Delinquencies on Debt Surging: ‘ Huge Humanitarian Crisis Already Happening’ | Lynette Zang
Kitco News: 1-23-2025
Lynette Zang, CEO of Zang Enterprises, discusses the precarious state of the U.S. and global economies, emphasizing unsustainable debt levels and the potential for hyperinflationary depression.
Zang speaks with Kitco News on the sidelines of the Vancouver Resource Investment Conference (VRIC).
Key points: -The current system is nearing collapse due to excessive debt and the manipulation of financial markets
Delinquencies on Debt Surging: ‘ Huge Humanitarian Crisis Already Happening’ | Lynette Zang
Kitco News: 1-23-2025
Lynette Zang, CEO of Zang Enterprises, discusses the precarious state of the U.S. and global economies, emphasizing unsustainable debt levels and the potential for hyperinflationary depression.
Zang speaks with Kitco News on the sidelines of the Vancouver Resource Investment Conference (VRIC).
Key points: -The current system is nearing collapse due to excessive debt and the manipulation of financial markets
-Zang advocates for the acquisition of physical gold and silver as a hedge against economic instability, warns against reliance on fiat currencies
-Coming crisis will exceed that of 2008 Zang also stresses the importance of community and self-sufficiency in navigating future economic hardship, while expressing concern over the looming implementation of Central Bank Digital Currencies (CBDCs).
00:00 Introduction and Welcome
00:59 Credit Card Crisis and Economic Health
02:00 Life Cycles of Currencies and Debt
04:09 Banking System and Systemic Issues
07:10 Hyperinflation and Economic Predictions
20:35 Strategies for Inflation and Wealth Preservation
27:12 Conclusion and Final Thoughts
LIVE! The Dollar IS DEAD AND WE NAILED IT! TRUMP DEMANDS FED LOWER RATES! Its Over...
Greg Mannarino: 1-24-2025
How the Fed Flipped the Yield Curve (and the consequences)
Heresy Financial: 1-24-2025
TIMECODES
00:00 The Inverted Yield Curve Disappears
00:18 Long-Term Rates Rise Despite Fed Cuts
01:25 How Lower Short-Term Rates Stimulate Lending
02:17 Government Debt, T-Bills & Short-Term Borrowing
03:32 M2 Money Supply Growth & Bank Lending
05:38 Debt Repayment & Shrinking the Money Supply
06:43 Inflation Concerns Drive Long-Term Interest Rates
07:38 Bear Steepening: Why Bond Prices Are Falling
09:02 TLT’s Collapse & the Dangers of Holding Long Bonds
10:27 High Debt-to-GDP & Why Treasuries Underperform
11:36 Final Thoughts: Modern Portfolios & Future Rate Outlook
Coffee with MarkZ and Mr. Cottrell. 01/24/2025
Coffee with MarkZ and Mr. Cottrell. 01/24/2025
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: TGIF and Good morning to all
Member: Happy Friday to Mark and all the Mods
Member: Woke up financially poor but blessed and so rich in so many ways. Any news overnight Mark?
Coffee with MarkZ and Mr. Cottrell. 01/24/2025
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: TGIF and Good morning to all
Member: Happy Friday to Mark and all the Mods
Member: Woke up financially poor but blessed and so rich in so many ways. Any news overnight Mark?
MZ: Good morning Got some really interesting news from some groups. I find it curious that the wording was so similar between them all.
MZ: I got another report this morning similar to reports I got yesterday makes me confident enough to share. I was told by a couple of groups and a Indian Nation source that “funding transactions should be complete in the next few days”
MZ: That means in the next few days these folks expect people to be funded. This would be huge. Buckle up.
MZ: Speaking of Indian Nations: Donald Trump yesterday officially recognized the Lumbee Indian Tribe…This is wonderful and way overdue.
Member: Just Saw the Memo to Secretary of the Interior Recognition of 'Lumbee Tribe'-Wonderful!
Member: as a member of the Cherokee tribe of northeast Alabama, I am encouraged by Trumps actions. We are recognized by the State of Alabama but not yet recognized by the US govt.
Member: What does this mean for the Indian Nations?
MZ: Part of the Fines and Penalty settlements is settling out historic debts that are owed. For the Indian Nations it would be a tremendous inflow of cash. By recognizing the lumbee Nation they would get paid benefits from the US government.
Member: Are your banking/redemption contacts working this weekend?
MZ: I do not know…yet
Member: Any bond news?
MZ: Nothing specific on bonds. But one of the groups that got the memo to expect funding in a few days were bond holders.
Member: Are Bond holders under NDA’s?
MZ: Ablsolutely positively – some are . but some are not and they are still talking because they have not been paid yet.
MZ: Multiple forex traders have reported that they have had to sign new “terms of agreements” focusing on currency exchange values. I find that very interesting and believe it is a key thing to do before they flip the switch.
MZ: “The $25 Billion cost of Iraq’s oil deadlock” Without the oil flowing to Turkey-this is the financial consequences of Baghdad and Erbil’s fight over all these things in the budget. They have already lost $22 billion in under 22 months just from the pipeline not flowing……not counting all the other oil revenues
MZ: “Trump’s storm hits OPEC and ignites fears in Baghdad” From Remarks given by Trump at Davos…..and “Drill Baby Drill” in the US…caused a drop in oil prices below $75.This will lower the cost at the pumps for us…..and lower the cost of groceries soon …But Iraq is still well in the range they need for the RV.
Member: didn't Iraq say $40 oil would support their economy?...
MZ: This one is interesting: “Central Bank of Libya introduces new LD 5,10, and 20 denominations” why would they print bills that cost more to print then they are currently worth….unless they were expecting new values? We are seeing this now happening in other countries as well. Pretty unnecessary unless things are going to change.
MZ: “Trump signs sweeping Crypto Currency Bill” and buried in this “No Central Bank Digital Currency” so CBDC’s are outlawed by Executive order.
Member: That is wonderful news……
Member: Trump EO promoting crypto currency…. Didn't our constitution say money/coinage to be gold /silver backed
Member: IRS elimination -- H.R. 25 Congress Bill. According to the Congress' site, it's in front of the Way and Means commitee
Member: I wonder -is Trump going to the Reno treasury today or simply there to thank Nevadans for their vote?
Member: Mark... I have very strong and long time contact shared that her friend is a Paymaster and was summoned yesterday to Reno for the weekend.
MZ: He is supposed to make a stop in the Reno area…..we will see.
MZ: I am so ready for this to be over.
Member: If all the emergency funds for keeping the Givt open till March ran out the day after Trumps inauguration why no one saying anything about that?
Member: Probably another bit of “misinformation?”
Member: IMO: with the amount of corruption in our banking systems around the world, The Chinese elders will never feel comfortable releasing this money for the RV unless the entire fiat system is shut down.
Member: MarkZ - are they waiting for the repeal of Income Tax before they release the RV? That would make sense…..
Member: (From Dinar Guru) Mnt Goat There is new sheriff in town and his name is Donald Trump. What will his policy be towards the Iraqi financial system. Four years have passed since his last administration and there has been way too much progress in the banking and financial reforms to turn back to the days of the prior Trump administration laden with sanctions. I am told by my CBI contact that Al-Sudani is hoping for an invite to visit the new President in Washington, or better yet have him come to Iraq...
MZ: It will be soon
Member: will this RV ever happen????
Member: Alot is happening! praise God!
Member: I know we're all anxious. Remember- Mark is giving us the info he receives. He is just as anxious as we are. Please keep positive
Member: Always REMEMBER, "You've got to have a dream, if you don't have a dream, how ya gonna have a dream come true"?? That's MY story and I'm sticking to it!!!
Mr. Cottrell and CBD Gurus join the stream today. Please listen to the replay for their information and opinions…but there are many technical difficulties today
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!
Seeds of Wisdom RV and Economic Updates Friday Morning 1-24-25
Good Morning Dinar Recaps,
TRUMP CANCELS CBDC, FAVORS STABLECOIN IN U.S. FINANCIAL STRATEGY
▪️Donald Trump cancels CBDC, favoring USD-backed stablecoins to safeguard privacy and enhance financial inclusion globally.
▪️A new task force will recommend clear crypto regulations to foster innovation while opposing invasive financial oversight.
President Donald Trump has taken a strategic move by issuing an executive order to boost the United States position in digital finance technology. One of the most notable orders is the country’s cancelation of central bank digital currency (CBDC).
Good Morning Dinar Recaps,
TRUMP CANCELS CBDC, FAVORS STABLECOIN IN U.S. FINANCIAL STRATEGY
▪️Donald Trump cancels CBDC, favoring USD-backed stablecoins to safeguard privacy and enhance financial inclusion globally.
▪️A new task force will recommend clear crypto regulations to foster innovation while opposing invasive financial oversight.
President Donald Trump has taken a strategic move by issuing an executive order to boost the United States position in digital finance technology. One of the most notable orders is the country’s cancelation of central bank digital currency (CBDC).
This order attests to the United States’ preference for stablecoins backed by US dollars over CBDC development, as opposed to that of other nations.
This action is considered a reaction to worries that CBDC might be utilized as too intrusive monitoring instruments violating people’s privacy.
Stablecoins, according to Trump, provide a better alternative for advancing global financial inclusion and preserving the US dollar’s status as the most often used currency worldwide. The US wants to increase its impact in the global digital financial space by helping dollar-backed stablecoins.
Trump: Emphasize Stablecoins and Financial Independence
Strong legal protections for players in the blockchain and digital asset sectors are given by this executive order. Individuals and organizations today have legally acknowledged rights to access, grow, and apply public blockchain technology free from onerous legal restrictions.
Furthermore, underlined by this sequence is the need for self-custody services, which let consumers freely manage their digital resources.
A fundamental issue in the use of CBDC is the stability of value, which stablecoins are said to be able to provide while preserving user anonymity. The US government thus aims to build a digital financial environment that is creative, competitive, and still upholds personal financial freedom.
Of course, this is not the case with CBDC, which is regarded to be able to provide complete control to the government; dollar-based stablecoins provide people chances to still have control over their assets.
Working Group and Regulatory Suggestion Notes
Trump established the “President’s Working Group on Digital Asset Markets” per this order. David Sacks will be in charge of this team and assigned to create a legislative framework that advances the growth of the crypto market. This panel is anticipated to offer suggestions within 180 days that will help to establish legal certainty and draw greater industry innovation.
It also eliminates earlier rules pertaining to crypto deemed to stifle creativity. Proposed legislative clarity should enable players in the crypto space to create innovative technologies free from governmental ambiguity.
Notably, underlined by the restriction on CBDC is the government’s concentration on safeguarding personal privacy from possible too-extensive monitoring.
Advocates of this approach think that stablecoin innovation will help the US dollar’s position on the world market to be strengthened without compromising citizens’ financial freedom. It also implies that the US will not adopt the worldwide trend in central bank digital currencies.
Meanwhile, as we previously reported, Donald Trump is under investigation for ethics after his public involvement in the TRUMP token generated national security and conflict of interest concerns. The TRUMP meme coin was mentioned in a letter addressed to the House Oversight and Government Reform Committee as having the ability to grant inappropriate access to foreign entities.
@ Newshounds News™
Source: Crypto News Flash
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BRICS: CHINA BREAKS SILENCE ON US TENSIONS, TRUMP TARIFF THREAT
With all eyes fixed on the growing geopolitical turmoil, China, a key member of the BRICS alliance, has officially broken its silence on the growing US tensions amid US President Donald Trump’s impending tariff threat. Indeed, the country has been among the few to speak out regarding the West’s warnings.
After being inaugurated Monday, Trump wasted no time in targeting the BRCIS group. Specifically, he reassured previous threats that he would impose a 100% tariff on the economic alliance. The action was meant as retaliation for the bloc’s ongoing de-dollarization efforts.
Trump Tariff and US Tensions Get Response From China as West & BRICS Faceoff Continues
For the last two years, the BRICS economic alliance has committed to lessening international reliance on the US dollar. Specifically, the bloc has sought out ways to avoid sanctions on various members. That process has seen the group promote the use of local currencies.
Although the previous Biden administration was okay with allowing the practices to go on with little retaliation, Donald Trump is not. Therefore, he has responded in rather concerning ways for those in favor of geopolitical peace. Now, key BRICS member China has broken its silence on emerging tensions and the 100% tariff threat issued by US President Trump.
In a recent report, the Chinese Ministry of Foreign Affairs (MoFA) released a statement Thursday. “As an important platform for cooperation among emerging markets and developing countries, BRICS advocates openness, inclusiveness, and win-win cooperation, not bloc confrontation, and does not target any third party,” they said. “The aim is to realize common development and prosperity,” they added.
The statement reaffirms its commitment to the bloc. Moreover, it signals the country’s willingness to continue on the path it has charted. Additionally, the answer comes weeks after India responded to the ongoing threat. Specifically, External Affairs Minister S Jaishankar said the country has “no interest” in weakening the US dollar.
“The US is our largest trade partner,” the official said. We have no interest in weakening the dollar at all,” they added. The development is ongoing and could be vital to global economics in the early months of Trump’s return to the Oval Office.
@ Newshounds News™
Source: Watcher Guru
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The Most Common Banking Mistakes
The Most Common Banking Mistakes
I’m a Financial Advisor: Here Are the Most Common Banking Mistakes I See Among Clients
Laura Bogart Thu, January 23, 2025 GOBankingRates
Financial advisors have seen it all. From people who are burdened by six figures of credit card debt to millionaires, their clients span a range of backgrounds, income, stages in life, and relationships to money. That’s what makes their jobs equal parts challenging and rewarding.
The Most Common Banking Mistakes
I’m a Financial Advisor: Here Are the Most Common Banking Mistakes I See Among Clients
Laura Bogart Thu, January 23, 2025 GOBankingRates
Financial advisors have seen it all. From people who are burdened by six figures of credit card debt to millionaires, their clients span a range of backgrounds, income, stages in life, and relationships to money. That’s what makes their jobs equal parts challenging and rewarding.
However, as financial advisors gain experience, they come to observe a few general patterns in their clients’ banking and how they manage their finances. And in those patterns, there are some common mistakes. Fortunately, almost every mistake provides an opportunity for people to learn more and do better — if they know where to start.
GOBankingRates connected with a few financial advisors to learn more about the common money mistakes they’ve seen and to share their advice for avoiding them.
Taking a One-Size-Fits-All Approach to Retirement
As the Founder and CEO of 11 Financial, Taylor Kovar has helped a lot of business owners achieve their financial goals over the years. However, he’s also seen that many of his clients, particularly business owners, are reluctant to retire completely, even as they reach the age where a lot of people are ready to sail off into the sunset professionally.
Though society often portrays retirement as carefree, there are also many individuals who want to stay involved in the businesses they’ve built, even part-time. Those people sometimes don’t realize they can factor continued income from their businesses into their retirement budgets. Worse, they may avoid budgeting for retirement altogether because they think it would mean giving up their passions. And if they choose to stay working, even at reduced hours, failing to account for taxes can become a costly mistake.
“It’s important to remind clients that retirement doesn’t have to look like the traditional model,” said Kovar. “They can create their own version that allows them to continue doing what they love, just at a different pace.”
Leaving Money in a Traditional Savings Account
For Andrea Woroch, a nationally recognized consumer finance and budgeting expert, one of the biggest, most frustrating errors people make is leaving money on the table by keeping it in a traditional savings account.
TO READ MORE: https://www.yahoo.com/finance/news/m-financial-advisor-most-common-183009744.html
4 Common Fears About Money To Overcome
4 Common Fears About Money To Overcome
Heather Taylor GOBankingRates
Most people share certain types of financial fears in common. Some will be able to overcome these fears with support, but others will let fear rule the rest of their lives. Leading a life where financial fears take top priority can keep you trapped in an unhealthy financial mindset. It can even lead to losing money throughout your lifetime.
Even if you feel scared to do it, it is possible to break the cycle and develop a healthy financial attitude where money is viewed as a tool that can help, not hinder, you. Here are some of the most common financial fears and what it takes to overcome each one.
4 Common Fears About Money To Overcome
Heather Taylor GOBankingRates
Most people share certain types of financial fears in common. Some will be able to overcome these fears with support, but others will let fear rule the rest of their lives. Leading a life where financial fears take top priority can keep you trapped in an unhealthy financial mindset. It can even lead to losing money throughout your lifetime.
Even if you feel scared to do it, it is possible to break the cycle and develop a healthy financial attitude where money is viewed as a tool that can help, not hinder, you. Here are some of the most common financial fears and what it takes to overcome each one.
Fear of Going Broke
Let’s start with one of the most common financial fears: going broke or even bankrupt.
This is often a learned money belief or habit, said Chloe Elise, certified financial coach and CEO of Deeper Than Money. Typically, the person who holds this fear has observed it from their parents or grandparents.
“They look at money as always being scarce, and they fear they will run out,” Elise said.
While this belief can be extremely difficult to break, the ultimate goal is to view money through an abundance mentality. Elise said some of her clients adopt the mantra “money flows to me” as a way to start welcoming money into their lives.
It takes more than a mantra though! To start welcoming money into your life is to watch your money work for you. Elise’s favorite recommendation for doing this is to keep your emergency fund in a high-yield savings account.
“With total liquidity and no risk, a HYSA is an incredible way to begin to see interest accumulate on your account by doing nothing,” said Elise, who adds that as of right now interest rates are over 3%.
Once you do this, Elise said you can start to look into other investments, like retirement accounts or real estate. This eases the fear of stepping outside of your comfort zone and increases the likelihood you will be rewarded.
Fear of Checking Your Bank Account
Who among us has indulged in an expensive weekend out, or a week-long vacation, and then felt paralyzed with fear about what their bank account will look like in the aftermath of these pending transactions?
Here’s what happens when you don’t check your bank account today. You’re not likely to check it tomorrow or the day after.
“What often happens is we let this feeling of guilt and shame from spending money spiral,” Elise said. Before long a month passes and you start to experience anxiety about facing your finances.
To overcome this fear, Elise recommends planning as much in advance as possible. If you are going on vacation, Elise said you can create a bucket in your savings account specific to the trip.
TO READ MORE: https://finance.yahoo.com/news/4-common-fears-money-overcome-160015068.html?fr=sycsrp_catchall