TNT:

Tishwash:  The Minister of Finance reveals the reason for the delay in approving the budget.

 Finance Minister Taif Sami revealed the reason for the federal government's failure to approve the budget and the delay in submitting it to parliament, according to a statement by MP Rashid Al-Maliki on Wednesday.

Al-Maliki said in a statement today, "Finance Minister Taif Sami informed us today during her meeting at the ministry's headquarters that a committee in the Council of Ministers is working to complete the budget schedules."

Sami was also quoted as saying: "The reason for the delay is due to efforts to maximize non-oil revenues and find financial sources to cover the budget deficit from fees, taxes, service charges, etc., and that the government is committed to submitting the budget schedules."  

The Coming Melt-up Before the Global Bust

Palisades Gold Radio:  7-15-2025

In this detailed discussion on Palisades Gold Radio, host Tom Bodrovics interviews David Hunter, a seasoned contrarian macro strategist with over five decades of market experience.

The conversation centers around the current state of the financial markets, the anticipated final leg of a 43-year secular bull market, and an impending global economic bust.

BRICS Made a Crushing Blow to the US Economy

Tech Revolution:   7-15-2025

For over a century, American banks have been the undisputed architects and arbiters of global finance. They’ve sat at the center, clearing trades, processing capital flows, and – crucially – writing the rules.

But a seismic shift is underway, one that threatens to fundamentally redraw the global economic map and deliver what many are calling a “crushing blow” to US financial hegemony.

On July 3rd, the BRICS alliance (Brazil, Russia, India, China, and South Africa) officially unveiled a new international finance platform designed to decouple developing economies from their reliance on the US dollar and Western financial institutions.