Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 7-22-25

Good Afternoon Dinar Recaps,

Why Trump Sees BRICS as the Biggest Threat to U.S. Dominance

With de-dollarization accelerating and local currency trade expanding, the BRICS alliance poses a serious challenge to the post-WWII American-led financial order.

Economic Power Shift: BRICS Expands Global Footprint

The BRICS alliance now represents around 45% of the global population and 37% of the world’s GDP, establishing itself as a powerful alternative to U.S.-led economic structures.

Trade data shows a staggering imbalance:

• U.S. imports from BRICS: $650 billion

• U.S. exports to BRICS: $300 billion

• China alone exports: $448 billion to the U.S.

“They are demanding multipolarity—financial, cultural, and political. The United States is fighting to maintain a hegemony that is in crisis,”
— Marta Fernandez, BRICS Policy Center Director

De-Dollarization: A Direct Strike at U.S. Monetary Control

BRICS has accelerated de-dollarization through expanded local currency settlements and central bank coordination.

• China–Russia bilateral trade in 2024 hit $244.8 billion — settled primarily in yuan and rubles.

• The New Development Bank now lends 25% in local currencies, with a target of 30% by next year.

“Already a quarter of the bank’s lending portfolio was in local currencies… looking to hit 30% by next year,”
— Dilma Rousseff, Former President of Brazil, Chair of the NDB

These moves represent a systematic unraveling of the dollar's global monopoly in trade and lending.

Trump Responds with Economic Nationalism and Tariff Warnings

Former President Donald Trump has repeatedly targeted BRICS, calling the group a threat to U.S. dominance and proposing tough tariffs to counter their rise. However, BRICS leaders remain unfazed.

“The world has changed. We don’t want an emperor. We are sovereign countries,”
— President Lula da Silva, Brazil

“At the moment the United States declares ‘America First,’ the BRICS are saying ‘we all come first,’”
— Pedro Costa Junior, International Relations Analyst

Trump’s comments and policies appear increasingly out of sync with the non-aligned multipolar strategy adopted by BRICS members.

BRICS Currency Systems and U.S. Structural Risk

The adoption of BRICS Cross-National Settlement Systems (BCNS) and local currency trade mechanisms is undermining the U.S. dollar’s 70-year reign in global commerce. Analysts warn this shift could trigger:

• Reduced global demand for U.S. Treasuries

• Higher inflation from import pricing volatility

• Erosion of American influence over international lending institutions

With ripple effects already visible in global trade patterns and central bank reserve allocations, BRICS is no longer a passive economic alliance — it is actively reshaping the global financial system.

@ Newshounds News™
Source: Watcher.Guru   

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

“Tidbits From TNT” Tuesday 7-22-2025

TNT:

Tishwash:  The dinar is recovering and the exchange rate is declining towards the official rate.

 Samir Al-Nusairi

 For several months in 2025, the US dollar exchange rate has continued to decline against the Iraqi dinar, recovering by around 13 points.

It is expected to gradually decline to approach the official exchange rate during the coming period of this year, in accordance with the Central Bank's strategy and ongoing measures for comprehensive banking reform, regulating foreign trade financing, and transitioning to direct dealings between our banks and correspondent banks, in addition to complying with international banking standards.

Restricting the sale and distribution of cash dollars to a strict mechanism has been praised by the International Monetary Fund and the US Treasury as a successful and advanced method and application for controlling the stability of the US dollar exchange rate and keeping cash dollar sales to a minimum, thus preventing the circulation of the currency from being available for speculation in the parallel market.

To support the dinar's recovery, "we must look at the rate at which the Central Bank covers all external transactions, including imports and personal transfers.

 This explains price stability, given the current inflation rate, which is less than 2.5%, lower than the inflation rates in neighboring countries. This means that the Central Bank has achieved two basic monetary policy objectives: controlling exchange rates and curbing inflation."

This confirms that the wise monetary policy adopted by the Central Bank has contributed significantly to the stability of the exchange rate and the decline of the parallel market to the lowest possible level.

The Central Bank's insistence and cooperation with the government during the second half of the current year will lead to a gradual decline in the exchange rate of the US dollar, which has been stable for two days at the thirties and is moving towards the official exchange rate.  link

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

Tishwash:  A plan to connect the East and West of the world via Baghdad

The Ministry of Planning clarified, on Monday, that the Belt and Road Initiative launched by China is consistent and complementary to the development road project that Iraq has begun implementing, while pointing to a plan to link the Iran-Iraq railway to the Gulf, Eastern countries and Europe.

Ministry spokesman Abdul Zahra Al-Hindawi told the official agency, followed by Al-Eqtisad News: “The Belt and Road Initiative launched by China in 2013 is based on a network of roads and railways that connect the East to the West via main corridors and axes. Iraq is perhaps one of the main axes, taking into account that there is a railway linking China to Uzbekistan, then Pakistan and then Iran within this initiative.”

He added, "There is an idea to link the Iran-Iraq, Turkey, and Syria railway line with the Gulf, Eastern countries, and Europe," noting that "this idea is consistent with and complements the development road project that Iraq has begun implementing."

He explained that, "Under this vision, Iraq is considered an important global transportation hub, both on railways and by road, in addition to the services provided by the railway network, as well as those related to transporting passengers in record times, transporting goods and merchandise, and commercial shipping. This is important for Asian countries, the Levant, and trade with the West, as it saves a lot of time and costs, given that the roads are shortened by passing through Iraqi territory." link

**********

Tishwash:  The US has stopped sending cash dollars to Iraq. Is this the beginning of a blockade?

Private sources confirmed that the United States has decided to completely halt cash dollar shipments to Iraq, a move described as potentially the beginning of a "financial blockade" on some Iraqi banks involved in currency smuggling and money laundering.

According to a source who spoke to Al-Mustaqilla on condition of anonymity, Washington's decision does not pertain to Iraq as a country, but rather targets specific banks suspected of involvement in suspicious dollar transfers to countries subject to international sanctions. This has angered the US Treasury, prompting it to tighten controls on dollar movement within the Iraqi market.

 Sudden drop in exchange rate after the decision

Remarkably, the US decision coincided with a significant decline in the dollar exchange rate in the Iraqi market. Experts interpreted this as a natural consequence of the restrictions on the circulation of cash and the prevention of its smuggling abroad. This led to an increase in supply in the local market and a temporary decline in its price.

Government shift towards “legal dollarization”

Separately, a banking source revealed that the Iraqi government has been relying on new mechanisms for disbursing salaries and conducting financial transactions for months. These mechanisms involve legal invoices processed through official banks and digital platforms linked to the global financial system. This is an alternative to the paper dollar shipments previously transported into the country by air.

The source indicated that this step represents a major shift in cash liquidity management in Iraq , making it difficult for suspicious entities to continue smuggling or manipulating the currency market.

Is this the beginning of the storm?

The US decision raises many questions about the future of dollar transactions in Iraq, especially in light of escalating regional tensions and Washington's tightening of financial sanctions. Are we witnessing the beginning of a new phase of international restrictions on the Iraqi economy? Or is this merely a technical measure against some violating banks?  link

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

Mot:  It's SUMMER!!! --- Lets Go Have ""FUN"" !! 

Mot: . Her's Ur List soooo Ya can be ""Spontaneous "" on ur Camping Trip!!!! 

Tuesday Coffee with MarkZ. 07/22/2025

Tuesday Coffee with MarkZ. 07/22/2025

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 Terrific Tuesday fellow RV’ers

Member: Good morning MarkZ and family and mods

Member: Markz how's your gut feeling think this RV will happen by the end of July????? Still hoping we see RV Christmas in July.

MZ: I have had a number of people in groups and group leaders  reach out since yesterday . It appears there are a handful who have aggregated more currency to add to their exchange. The paymasters are screaming things need to be wrapped up before July 28th.

MZ: I am feeling very confident we are looking at the end of this journey . The 28th appears to be a key date for groups. I am hearing this from many sources.

MZ: This new currency added to groups is allegedly for after we go……If they need all this by the 28th there is a good chance we could go before then.

MZ: If they are doing this in the groups….there must be a lot going on in the bond side that we just cannot see.

Member: I am worried we won’t get the contract rate when we exchange?

MZ: I was told over and over again…that you do not have to jump through hoops. The rate has been pre-negotiated.

Member: I am more that happy with street rate if they would just “DO IT!”

MZ:  . ”What do those PHDs do? Bessent calls for “Fundamental Reset” of financial regulations” So Monday- the Treasury Secretary is calling for a fundamental reset on financial regulations to make sure they are aligned with the nations domestic and international priorities.He has a vision for the financial system

MZ: Wait- could it be a gold backed system?  He is also wondering exactly what all those PHD’s at the Federal Reserve actually do….They have missed everything for years. He suggests Maybe Trump should do like Andrew Jackson and abolish the central banks altogether.

MZ: Jerome Powell is under fire from many DC circles…even those on the left. “The Fed’s $2.5 billion renovations , political fallout- what to know”   $2.5 Billion to renovate their headquarters/building in Washington DC. This is at a time the US can’t pay its bills, interest rates are up and the Fed is using our taxpayer money for this $2.5 BILLION dollar renovation. He is under a lot of fire right now.

Member: Supposedly The Federal Reserve has an announcement on July 30 ..

Member: Wow…..that is big…..I am hoping currencies are at least 1 to 1 by Aug. 1st.  

Member: Trump did say Aug 1 would be a big day for America

Member: Great video last night from Judy Shelton- posted on Dinar Recaps

Member: Bringing gold back into the picture—crazy idea or brilliant move? Is Judy Shelton just nostalgic, or is she offering the reset the dollar actually needs?

MZ: This roller coaster is coming to and end…imo

Member: Mark! Do you know if payments were actually made to Kurdistan? I keep seeing conflicted articles.

MZ: “Politician: The regional government plans to steal new salaries from its employees”  They say the Kurdish government is planning to steal the salaries. In other words they are making up fake employees in order to steal the money. It is believed that over the last 10 years they have stolen over 23 trillion dinar that way. This is a massive amount.

MZ: But Baghdad is insisting on electronic payments in order to be able to verify people now. This came out late yesterday.

MZ:” Erbil and Baghdad set for crucial talks on salaries and oil exports “ Critical meeting today/Tuesday. They have been in meetings all day long to try to pound this one out.

MZ: “Sudanese decided to finance Kurdistan salaries for the month of May and June is subject to the delivery of oil”  Maybe we are finally off of “stuck”

MZ: “Kurdistan finance deposits 120 billion dinars in the Ittihadiya account . And salaries are on their way to the region”  I believe we are not off “stuck” on this issue. Today we are seeing solid progresss.

Member: There is another article this morning about U S not sending more dollars to Iraq …seems like they all should be using their own currency now anyway

Member: Cannot wait to give my 2 weeks notice…..really hope its this month.

Member: Two week notice? Yeah, they'll notice when I don't show up anymore...lol

 Member: Thank you Mark mods for everything you do

Member: Have a fabulous day everyone…..Stay positive,

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  TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!  FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:     https://www.youtube.com/watch?v=7OZoVi-vbB4

News, Rumors and Opinions Tuesday 7-22-2025

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 22 July 2025

Compiled Tues. 22 July 2025 12:01 am EST by Judy Byington

Mon. 21 July 2025: THE FED IS DEAD — GOLD RESET IGNITES THE GLOBAL UPRISING … on Telegram

The Global Currency Reset isn’t coming — it’s happening now. Gold is exploding. Fiat is collapsing. And the Federal Reserve just lost control. This is the financial revolution they swore would never happen. But it’s here. And irreversible.

Gold is nearing $3,000. Silver just blew past $34. Central banks are hoarding metals while quietly abandoning fiat. Iraq is now ranked 29th in global gold reserves — preparing for what’s next. This isn’t theory anymore. It’s the death of the old world economy.

The Federal Reserve was never about stability. It printed trillions, fueled inflation, and robbed generations. But gold-backed currency can’t be printed. It can’t be manipulated. And that’s why the Fed is finished.

This is the RV. This is the GCR. It’s live. The gold surge signals the fall of fiat. The elites who built their empire on paper money are scrambling — because wealth is shifting. Permanently.

For decades, they lied — telling you gold was outdated, silver irrelevant. But behind closed doors, they were stockpiling both. Now they’ve lost the narrative. The people are waking up.

Trump and Musk are leading a decentralized rebellion. The Fed can’t stop it. The IMF can’t contain it. And Wall Street can’t hide it anymore.

The system is flipping — from fake value to real assets. From manipulation to truth. From fiat slavery to gold freedom.

Hold metals. Drop fiat. Prepare. Because this isn’t a prediction. It’s a reset. And it’s happening now.

~~~~~~~~~~~

Mon. 21 July 2025 The Earth Alliance has established a military-grade financial infrastructure in the Quantum Financial System (QFS). …Nesara Gesara QFS on Telegram

The QFS is a charitable 5D intelligence network that is synchronized via satellites, safeguarded by quantum encryption, and based on a value system backed by gold.

All transactions are monitored. All illicit transfers have been reported. All corrupt actors were exposed. The great audit of human history is this.

Former SWIFT users who moved stolen wealth around the world—bankers, politicians, and technocrats—are now being apprehended in real time. Already, thousands have been taken into custody. Their accounts were frozen. They dismantled their networks.

The majority of the world was completely unaware that QFS was silently recording every action while operating in parallel with the Central Banking System.

Countries must comply with GESARA in order to take part in this new system. This cannot be negotiated. A quantum formula is used to measure each nation’s land resources, population, productivity, and gold reserves. All sovereign currencies will be backed by tangible assets and valued at par after they have been balanced.

Economic warfare is over. No more manipulating currency. The Global Currency Reset is this. Since all values will move in unison, gold won’t fluctuate any more. Debt slavey is coming to an end.

Despite all of their hype, cryptocurrencies won’t make it through this shift unless they are supported by real assets.

Blockchain has already been overtaken.

QFS is (allegedly) alive in addition to being faster. It is (allegedly) controlled by a conscious quantum intelligence, which guarantees that each transaction is genuine, lawful, and deliberate. It substitutes incorruptible digital guardians for corrupted human gatekeepers.

Read full post here:  https://dinarchronicles.com/2025/07/22/restored-republic-via-a-gcr-update-as-of-july-22-2025/

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

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Walkingstick  [Iraqi bank friend Aki update]  ...Weeks ago, 'I'm waiting on the rate'.  Now we believe he has it and he's now working on the ISO because [on July 14th] the ISO and Iraqi banks [got] married.

Militia Man   We can see all the different things Iraq has done.  They have all new systems in place...You've got e-government systems, all the electronic payment systems, the key cards, the national cards, all of that.  You see all of those things...If the 'mechanism' was going to be 1310, why didn't they just turn it on? Because they clearly have it.  You have all these...IMF...Bank of International Settlement... United States Treasury...the Arab League, the Arab Monetary Fund all giving approval...but yet they still haven't triggered it at 1310...It doesn't seem like it fits.

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

Silver Testing $40 & Gold Races Higher | Greg Weldon

Liberty and Finance:  7-21-2025

Greg Weldon emphasizes that silver is becoming an increasingly attractive asset as economic conditions worsen.

He notes that silver recently tested $40, driven by growing investor demand for protection amid global debt nearing $324 trillion.

 With rising inflation, weakening labor markets, and deteriorating consumer health, he believes investors will shift from traditional equities to tangible assets like silver and gold.

Weldon argues that silver, along with other underowned commodities, may outperform as monetary debasement accelerates and fiat currencies weaken.

https://www.youtube.com/watch?v=Qyw7XnMubPQ

Seeds of Wisdom RV and Economic Updates Tuesday Morning 7-22-25

Good Morning Dinar Recaps,

SBI Executive Declares XRP “Generational Wealth” as ETF Filings and Banking License Bid Fuel Momentum

With Ripple’s XRP trading near $3 and its market cap approaching $170 billion, institutional momentum appears to be reaching a turning point—driven by global adoption, SBI Group support, and upcoming ETF decisions.

SBI CEO: XRP Is “The Wealth Transfer of Our Generation”

Tomoya Asakura, CEO of SBI Global Asset Management, has made headlines by calling XRP “the wealth transfer of our generation.” In his recent remarks, Asakura emphasized that XRP’s adoption is expanding globally, especially among banks and financial institutions integrating Ripple’s payment technology.

The bullish outlook follows XRP’s latest surge, as the token’s price approached $3, lifting its market capitalization to nearly $170 billion, and outpacing broader crypto market performance.

Ripple Infrastructure Deepens with RLUSD and U.S. Banking License Efforts

Earlier this month, Ripple designated BNY Mellon as custodian for its RLUSD stablecoin, underscoring a coordinated push to establish a new global payments infrastructure using both RLUSD and XRP.

Ripple’s application for a U.S. banking license could be a game-changer. Asakura believes the move could trigger “a rapid increase” in XRP’s real-world utility and institutional adoption if approved. This is seen as part of a broader strategy to bridge retail and wholesale financial systems using Ripple’s technology stack.

SBI’s Strategic Alignment with Ripple

SBI is Ripple’s largest external investor, holding a 9% equity stake in the company. Its XRP-focused operations include:

• SBI VC Trade, offering XRP-based trading

• SBI Remit, enabling cross-border XRP remittances

• Running validator nodes on the XRP Ledger

• A new partnership with Aplus that lets users convert credit card points to XRP, expanding retail access

These initiatives reaffirm SBI’s long-term commitment to XRP as a cornerstone of its digital asset strategy.

ETF Speculation Builds as U.S. Regulatory Deadlines Approach

July is shaping up to be pivotal for XRP’s institutional trajectory, with multiple XRP ETF applications awaiting SEC response. If the agency allows the filings to proceed unchallenged, trading of XRP ETFs could begin within weeks.

Bitwise CEO Hunter Horsley added fuel to speculation, stating that Ripple could be evolving into an “XRP treasury company” as demand for strategic XRP exposure intensifies among funds and asset managers.

Institutional Thesis Strengthens

With Ripple’s banking ambitions, strong backing from SBI, a growing retail base in Asia, and potential ETF approval on the horizon, XRP is increasingly seen not just as a digital asset—but as a foundational layer in next-gen financial infrastructure.

As major institutions ramp up exposure and adoption, XRP’s long-term value narrative is transforming from speculation to systemic utility—with generational implications for wealth creation.

@ Newshounds News™
Source: CryptoPotato

~~~~~~~~~

JPMorgan Eyes Crypto-Backed Loans and Stablecoin Entry as CEO Softens Bitcoin Stance

Wall Street titan JPMorgan is exploring lending directly against crypto assets like Bitcoin and Ethereum, marking a significant shift in its approach to digital finance—while stablecoin ambitions begin to take shape.

JPMorgan’s Quiet Move into Crypto Lending

JPMorgan Chase is reportedly preparing to offer crypto-backed loans, potentially by 2026, according to the Financial Times. Citing unnamed sources, the report suggests that the bank may soon accept Bitcoin (BTC) and Ethereum (ETH) as collateral, positioning itself alongside other financial institutions beginning to embrace digital asset financing.

This move signals a growing institutional acceptance of crypto—not just as a speculative asset but as viable collateral within traditional lending frameworks.

Stablecoin Ambitions Confirmed

On July 15, during the bank’s Q2 earnings call, CEO Jamie Dimon said JPMorgan plans to participate in the stablecoin sector. Dimon emphasized the importance of understanding and mastering the technology behind these assets, signaling JPMorgan’s intention to compete in the emerging tokenized payments space.

This comes shortly after Citigroup revealed plans to issue its own stablecoin for payment applications, intensifying the race among major banks to develop blockchain-native financial instruments.

A Decade-Long Crypto Turnaround for Jamie Dimon

Dimon’s shifting perspective has been one of the more controversial narratives in finance. Key statements over the years include:

• 2017: Called Bitcoin a “fraud” and threatened to fire employees trading BTC

• 2018: Referred to crypto as a “scam”

• 2022: Labeled crypto “decentralized Ponzi schemes”, while praising blockchain and DeFi

• 2024–2025: Softened his tone, saying: “I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy Bitcoin.”

Dimon’s recent comments appear to be a strategic pivot, aimed at aligning JPMorgan with evolving client expectations and a rapidly growing digital asset ecosystem.

Client Pressure and Competitive Risk

The Financial Times noted that Dimon’s past anti-crypto rhetoric alienated many high-net-worth and institutional clients—particularly those who gained their wealth in crypto or maintained strong long-term positions.

As JPMorgan’s competitors—like Citigroup, Fidelity, and BlackRock—advance in the digital asset space, the pressure to adapt appears to have driven JPMorgan to explore both stablecoin issuance and direct crypto lending services.

Final Word: Tradition Meets Tokenization

JPMorgan’s entrance into crypto-collateralized lending and stablecoin infrastructure development would represent a major milestone in the convergence of traditional banking and blockchain-based finance.

If implemented, this pivot could redefine JPMorgan’s role in the next evolution of capital markets—transitioning from vocal crypto skepticism to becoming a full-spectrum financial player in the Web3 economy.

@ Newshounds News™
Source: Cointelegraph

~~~~~~~~~

Coinbase Launches CFTC-Regulated Perpetual Futures in U.S. as Regulatory Clarity Grows

Coinbase has officially brought perpetual futures trading to U.S. markets for the first time, marking a breakthrough in access and compliance amid the country's evolving digital asset regulation.

Perpetual Futures Now Available to U.S. Traders

Coinbase, the largest U.S.-based cryptocurrency exchange, has launched perpetual futures trading for American users. The initial offering includes:

• Nano Bitcoin Perpetual Futures (BTC)

• Nano Ethereum Perpetual Futures (ETH)

These new contracts come with 10x leverage and a 5-year expiration window, offering a long-term, flexible trading alternative compared to the typical monthly or quarterly expiry seen in traditional futures.

“For years, U.S. crypto traders have looked on as their international counterparts utilized one of the most popular tools in the digital asset marketplace: perpetual futures,” Coinbase said in its statement. “Until now.”

The products are regulated by the Commodity Futures Trading Commission (CFTC), ensuring legal compliance and opening the door for institutional and retail traders seeking regulated derivatives exposure within the United States.

Competitive Pricing and Strategic Flexibility

Coinbase is targeting both professional and retail futures traders with ultra-low trading fees starting at just 0.02% per contract.

The 5-year expiration structure is particularly notable—it allows U.S. traders to position themselves for long-term trends rather than being forced into short-term rollovers or expiries, making it ideal for macro-driven strategies.

Regulatory Green Light: GENIUS and Clarity Acts

This product rollout comes amid significant legislative momentum in Washington:

• The GENIUS Act was recently enacted, establishing a comprehensive regulatory framework for stablecoins and token issuers.

• The Clarity Act, passed by the U.S. House of Representatives, further defines regulatory jurisdiction between the SEC and CFTC, reducing ambiguity in crypto oversight.

These moves signal a long-awaited shift toward regulatory maturity in the U.S. digital asset space. Market sentiment has responded accordingly—Bitcoin and Ethereum prices have surged, along with major altcoins.

Market Reaction: Coinbase Hits New Highs

Coinbase's stock (COIN) surged to an all-time high above $437 last Friday, reaching a $100 billion market cap milestone.

Though shares dipped slightly by 1.47% on Monday, closing at $413.63, the exchange remains a top institutional proxy for crypto exposure amid the current bull cycle.

Conclusion:
Coinbase’s move to launch regulated perpetual futures for U.S. traders reflects the convergence of regulatory clarity and market demand. As the legal framework sharpens, products once limited to offshore platforms are now making their way into mainstream American finance—setting the stage for deeper liquidity and broader adoption.

@ Newshounds News™
Source: The Block

~~~~~~~~~

U.S. Banking Groups Urge OCC to Delay Ripple, Circle, and Crypto Bank Licenses

Major U.S. banking associations are pushing back against the fast-tracking of national bank charters for crypto firms like Ripple, Circle, and Fidelity Digital Assets, citing transparency and regulatory concerns.

Banking Networks Push for Delay on Crypto Charters

On Thursday, several top U.S. banking trade groups — including the American Bankers Association — submitted a formal request urging the Office of the Comptroller of the Currency (OCC) to postpone banking license approvals for crypto firms.

The firms named include:

• Ripple Labs

• Circle Internet Group

• Fidelity Digital Assets

The groups claim the license applications lack sufficient detail for regulators and the public to properly assess the business models, operational risks, and fiduciary responsibilities of the applicants.

"Significant Policy and Legal Questions"

In their joint letter, the banking groups warned that these proposed crypto charters could blur regulatory boundaries and introduce material risk to the broader U.S. financial system.

“There are significant policy and legal questions as to whether the Applicants’ proposed business plans involve the types of fiduciary activities performed by national trust banks,” the letter stated.

The concern isn’t just about the applicants’ activities — but the precedent a rushed approval could set. The groups emphasized that the lack of public scrutiny over the applications undermines transparency and trust in the OCC’s chartering process.

Ripple, Circle Seek National Trust Bank Status

The banking licenses under review would allow these crypto firms to operate as national trust banks, bypassing state-by-state registration and giving them expanded authority to offer services such as custody, payments, and potentially lending.

This aligns with Ripple’s broader plan, as the company recently applied for a national banking license in the U.S. and has pushed for institutional adoption of XRP and RLUSD-backed payment solutions.

GENIUS Act Drives Institutional Crypto Ambitions

Analysts say the regulatory pushback is partly a response to the momentum generated by the GENIUS Act, which was recently passed into law and establishes a formal framework for stablecoin issuance and custody.

As a result, more crypto firms are expected to apply for national bank charters, aiming to scale operations in the U.S. under a unified federal framework.

Logan Payne, crypto attorney at Winston & Strawn, noted: “This charter license would allow crypto firms to engage in a wider range of activities without the need for state-to-state licenses.”

Conclusion

As U.S. regulators race to establish clear digital asset frameworks, traditional banking networks are urging caution. The battle over banking licenses for Ripple and Circle highlights the tug-of-war between innovation and oversight in the evolving U.S. crypto landscape.

@ Newshounds News™
Source: Coinpedia   

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

The Root of America’s Problems [Podcast]

The Root of America’s Problems [Podcast]

Notes From the Field By James Hickman (Simon Black)  July 9, 2025

In today’s podcast, we take on a provocative question from a reader: What is the single root cause behind America’s decline?

 You might think it's overspending, or the Federal Reserve, or career politicians. But what if it’s something even more fundamental… like letting just anyone vote?

 Should someone be allowed to vote if they don’t understand basic concepts like what a deficit is, or how the government even works?

This episode digs deep into the consequences of letting uninformed masses steer the ship of state — and why it leads, predictably, to disaster.

 We also address:

• Term limits — and why replacing career politicians might not matter if voters keep electing clowns.

• Why 2033 is the year to watch — and what happens when Social Security goes bust.

• How the “One Big Beautiful Bill” may have accelerated that to ‘Crisis 2032’.

• How foreign central banks are quietly ditching US Treasuries and buying gold — and what that means for the dollar.

• Eisenhower’s lost wisdom — how a general who faced down Hitler and the Soviets feared inflation more than war.

Click here to listen to the full episode.

For the audio-only version, check out our online post here.
Finally, you can find the podcast transcript for your convenience, here.

To your freedom,  James Hickman  Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/podcast/the-root-of-americas-problems-podcast-153125/?inf_contact_key=f6616894ddb0ca5d69a81cc3781410781f4656d5a280bd26233b3d1e6f4a07a6

MilitiaMan and Crew: Iraq Dinar News-The Future of the Iraqi Dinar-Where we today?

MilitiaMan and Crew:  Iraq Dinar News-The Future of the Iraqi Dinar-Where we today?

7-21-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Welcome to our latest video where we dive deep into the current state of the Iraqi Dinar and the Iraqi government's commitment to fulfilling its financial obligations amidst a rapidly changing economic landscape.

In this video, we explore: Iraq's Financial Stability:

What does the Iraqi government’s commitment mean for the future of the dinar?

We discuss the steps being taken to ensure economic stability and growth.

Erbil-Baghdad Salary Talks:

Join us as we analyze the ongoing discussions between Erbil and Baghdad regarding salary payments. What are the implications for public sector employees and the overall economy?

Turkey's Termination of Oil Pipeline Agreement: We examine the recent decision by Turkey to terminate the oil pipeline agreement with Iraq. What does this mean for oil exports and revenue generation for the Iraqi government?

Pavel Talabani's Role: Learn about the influential role of Pavel Talabani in shaping Iraq's financial policies and how his leadership is impacting the current economic climate.

Parliamentary Finance Committee Insights: We provide insights from the Parliamentary Finance Committee regarding fiscal policies and their implications for the Iraqi Dinar's value

 US Ending Cash Dollar Transfers to Iraq: Finally, we discuss the significant move by the United States to end cash dollar transfers to Iraq. What are the potential effects on Iraq's economy and the dinar's exchange rate?

 Join us for an in-depth analysis of these critical topics and stay informed about the future of Iraq’s economy! Don’t forget to like, subscribe, and hit the notification bell for more updates on global finance and economic trends!

https://www.youtube.com/watch?v=IwBoGv5AjXM

FRANK26…7-21-25…..ALOHA….12-2C

KTFA

Monday Night Video

FRANK26…7-21-25…..ALOHA….12-2C

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=FbSq1Te7jPQ

Fidelity Says This Is a Surprising Risk of Holding Too Much Cash — Do You Have Too Much?

Fidelity Says This Is a Surprising Risk of Holding Too Much Cash — Do You Have Too Much?

March 13, 2025  by  Gabriel Vito

Cash feels like the safest bet to most people. It’s steady, predictable and always there when you need it. But according to Fidelity’s research, holding too much cash could quietly erode your wealth rather than protect it.

With interest rates falling and inflation still creeping up, the value of cash is shrinking. While having some cash on hand is necessary for emergencies, Fidelity’s long-term data shows that cash has historically been the worst-performing asset class, significantly lagging behind stocks and bonds even during volatile market conditions.

As Melanie Musson, a finance expert with InsuranceProviders.com, explained: “Cash has value but definitely does not increase in value, and it almost certainly will decrease in value.”

Investment Alternatives to Holding Too Much Cash

Stocks: The Growth Machine

Fidelity’s data makes one thing clear: Stocks have historically outperformed cash, even during volatile markets. Their analysis shows that a $5,000 annual investment in stocks from 1980 to 2023 (even at market peaks) would have grown exponentially, while the same investment in cash would have resulted in a fraction of that return.

The long-term trend is even more striking. According to data from Ibbotson Associates, large capitalization stocks (think S&P 500) returned 10.4% annually from 1926 to 2024, compared to 5.0% for long-term government bonds and just 3.3% for T-bills.

Robert R. Johnson, professor of finance at Creighton University, puts that into perspective: “One dollar invested in the S&P 500 at the start of 1926 would have grown to $18,212 (with all dividends reinvested) at the end of 2024. That same dollar invested in T-bills would have grown to $24.”

The difference isn’t just significant — it’s the difference between building wealth and barely keeping up.

TO READ MORE:  https://www.gobankingrates.com/investing/strategy/fidelity-surprising-risk-of-holding-too-much-cash-do-you-have-too-much/?hyperlink_type=manual

How A Crypto Billionaire’s Crazy Plan Could Save Social Security [Podcast]

How A Crypto Billionaire’s Crazy Plan Could Save Social Security [Podcast]

Notes From the Field By James Hickman (Simon Black)  July 17, 2025

Bitcoin today is trading at around $120,000. If you’re willing to pay double the price, i.e. $240,000, please contact me immediately. I’ll happily sell you some of mine.

Why would anyone do that? I don’t know. But that’s exactly what investors are doing when they buy shares in “Strategy,” formerly known as MicroStrategy.

The company currently holds about 580,000 Bitcoin, worth roughly $69 billion. But the market values the company at more than $124 billion. In other words, investors are paying nearly double just for the privilege of owning Bitcoin through a corporate intermediary.

Crazy, right? Yet Strategy’s Executive Chairman and co-founder Michael Saylor has managed to convince legions of investors to do just that— pay 2x the Bitcoin price.

He does so by presenting a bunch of made-up metrics to investors— terms like “Bitcoin Yield”, “Bitcoin Multiple”, “BTC $ Income”, and my personal favorite, “Bitcoin Torque”.

One of Saylor’s most clever ideas was to borrow money from investors to buy Bitcoin; the company issued billions of dollars of corporate bonds (which are supposed to be a ‘safe’ and stable asset), then used all the money to buy Bitcoin— an extremely volatile risk asset.

And this is why I think Michael Saylor should be the next Treasury Secretary— or at least be tapped to save Social Security.

I’m only half joking. Because Saylor’s idea to borrow money to buy Bitcoin might be one of the only ways to save Social Security without a serious tax hike or other financial pain.

Let me explain—

The Social Security system was built on a simple formula: workers and businesses pay taxes into the system, and those taxes fund the retirement checks to beneficiaries.

For decades, Social Security ran a surplus—more payroll tax revenue coming in than benefits going out. And that surplus was parked in a giant trust fund.

Unfortunately, though, Social Security’s trust fund was only allowed to invest in one thing: US government bonds.

The result? Pitiful returns averaging a measly 2%.

Now Social Security is running a deficit— the monthly benefits are exceeding payroll tax revenue. So the program’s administrators make up the difference by dipping into the trust fund.

The Social Security Administration officially estimates the fund will be fully depleted by 2033. And when that day comes, benefits will be automatically slashed by about 25%.

Cutting Social Security benefits would be political suicide. So the most likely solution is a major increase to the payroll tax.

But there may be another way.

What if the government were to borrow a bunch of money to start a Sovereign Wealth Fund... And that fund could invest in a diversified, real-world portfolio run by America’s many talented investment managers. Real estate. Commodities. Equities. Precious metals. Crypto. The kinds of assets that can actually grow.

This is exactly what Michael Saylor did. He borrowed heavily from the bond market to buy risk assets. Maybe the US government should do the same.

If the fund could manage, say, 9% annual returns over the past few decades— they could easily pay 6% to bond holders and pocket the extra 3%. Mathematically it works— such a return would reverse Social Security’s looming insolvency if the fund were of sufficient size.

There’s obviously risk in the plan, which is why I’m half-joking. But Social Security is in dire enough shape that all options ought to be considered.

Coincidentally, Congress is discussing setting up a Sovereign Wealth Fund this week... Though I’m not holding my breath on this, let alone any meaningful reform on Social Security.

Peter and I both believe that the inevitable outcome here is that the Federal Reserve will step in to print money and bail out both Social Security AND the Treasury Department.

In fact the White House is already identifying potential candidates to replace Fed chairman Jerome Powell when his term expires next year, as well as other members of the Fed’s board.

It’s pretty clear they want people at the Fed who will cut rates, print money, and bow to the President. So there’s a very good chance that, next year, the Fed will become much more subservient to the White House.

Such a Fed would not hesitate to engage in ‘quantitative easing’ (i.e. ‘money printing’) to the tune of trillions of dollars in order to save Social Security, or to finance massive US government deficits. 

The end result will almost certainly be a major bout of inflation— probably similar to 1970s style stagflation.

It’s why we continue to assert that real assets are very sensible investments because they tend to perform so well during inflationary times.

You can hear my complete thoughts on this wild idea in today’s short video, which you can watch here.

For the audio-only version, check out our online post here.
Finally, you can find the podcast transcript for your convenience, here.

To your freedom,  James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/how-a-crypto-billionaires-crazy-plan-could-save-social-security-153184/?inf_contact_key=0f2a3e818718e268287453d654c835d48dcae2ba3297e07f93219ba341147496

This Signal Crashed Stocks Before, it Just Triggered again

This Signal Crashed Stocks Before, it Just Triggered again

Steven Van Metre:  7-20-2025

The video provides an in-depth analysis of the current state of the US equity markets, highlighting major warning signs of a potential correction or bubble burst.

 Drawing heavily on recent insights from Bank of America (BofA) strategist Michael Hartner, the discussion centers on three triggered sell signals in US equities: the fund manager cash rule, the global breadth roll, and the global flow trading rule.

These signals reflect the market’s extreme positioning, low breadth, and diminishing inflows, all of which historically precede significant downturns.

The video also explains the market’s current valuation levels relative to past bubbles, inflation concerns, bond yield movements, and the risks associated with concentrated holdings in mega-cap stocks.

Despite positive momentum and machine positioning signals suggesting short-term strength, divergences in market breadth and technical indicators warn of looming negative price action.

The analysis extends to specific sectors, notably energy and gold miners, which present bearish technical setups despite positive headlines. Conversely, emerging markets show promising trade setups with tight risk control recommended.

The dollar is positioned for a potential rally, with the presenter advocating a contrarian short-Euro trade to capitalize on this. Overall, while momentum remains positive, the video stresses the importance of risk management, caution in overexposed sectors, and preparation for a possible major correction or bear market phase.

This comprehensive market analysis outlines a fragile equity environment marked by historically rare sell signals, deteriorating breadth, and stretched valuations.

 While short-term momentum remains positive, underlying technical and flow-based indicators warn of a pending correction or significant bear market.

 Sector-specific assessments reveal mixed signals, with energy and gold miners showing vulnerability, and emerging markets offering controlled opportunities.

The US dollar and Euro currency positions present compelling contrarian trades tied to shifts in global capital flows. Given these complexities, disciplined risk management, use of advanced trading models, and a cautious approach to exposure are essential for navigating the current market landscape.

https://youtu.be/2PMBXjRLl2A

Judy Shelton’s Plan to Revive The Dollar With Gold

Judy Shelton’s Plan to Revive The Dollar With Gold

Monetary Metals:  7-21-2025

What if America backed its debt with gold again?

In this powerful episode, economist and former Federal Reserve nominee Judy Shelton shares her bold vision for restoring trust in U.S. money.

From a historic rethink of the Treasury's role, to issuing gold-convertible "Trust Bonds" timed to America’s 300th anniversary, Shelton challenges decades of monetary policy and calls for a return to lasting value.

Chapters

 0:00 Intro and Introductions

1:27 Return to a Gold Standard?

2:06 What a Gold Standard Really Meant

3:32 Bretton Woods and the Birth of a New Monetary Order

6:46 Shelton’s Gold-Backed Treasury Proposal

8:01 Why Gold-Convertible Bonds Could Work

10:08 Building Trust in Treasury Trust Bonds

11:30 A Gold Standard Is a Statement of Integrity

 14:59 “Make America's Gold Money Again”

16:06 Rebuilding Trust Through Long-Term Bonds

17:23 Why Greenspan’s Gold Ideas Still Matter

20:32 How Stablecoins Could Back Gold-Tied Treasuries

 21:25 Using Market Demand to Signal Trust in Gold

 21:33 Can Stablecoins Work with Gold?

25:43 Currency Wars, FX Derivatives & the BRICS Challenge

27:12 A Broken Global Monetary System

30:44 The Fed Has Become a Speculator’s Paradise

34:08 Foreign Banks Profiting from the Fed

37:12 Reforming the Fed from the Inside

43:18 The Case for Boring, Honest Money

48:34 A Gold Dollar Could Be America’s Legacy

53:26 Copying Argentina, or Leading the World?

https://www.youtube.com/watch?v=Vp76lD23Rew

Iraq Economic News and Points To Ponder Monday Afternoon 7-21-25

Al-Sudani Receives The Commander Of The US Central Command

Buratha News Agency14020  25-07-21   Prime Minister and Commander-in-Chief of the Armed Forces, Mohammed Shia al-Sudani, received today, Monday, July 21, 2025, Commander of the US Central Command, General Michael Kurilla, and the accompanying delegation, in the presence of the Chargé d'Affaires at the US Embassy, Steve Fagin.

A statement from the Prime Minister's Office stated that Al-Sudani "at the beginning of the meeting welcomed the delegation, which included the new commander of the international coalition forces to fight terrorism in Iraq and Syria, Brigadier General Kevin Lambert, and the former commander of the coalition, General Kevin Leahy."

During the meeting, according to the statement, "the cooperation relations between Iraq and the international coalition, the stages of its development, and preparations for the transition to bilateral security relations with coalition countries were reviewed. The meeting also discussed the work of the joint high committee between Iraq and the United States, security cooperation and coordination, and developments in Syria and their repercussions for regional security."

The Prime Minister stressed "the importance of imposing stability, avoiding the causes of conflict expansion, respecting the sovereignty of states, based on UN charters, international resolutions, dialogues, and understandings, and activating diplomatic activities and cooperation to consolidate security and stability in the region."   https://burathanews.com/arabic/news/463090

The Minister Of Planning Arrives In New York To Participate In The United Nations High-Level Forum On Sustainable Development.

Monday, July 21, 2025 | Economic Number of reads: 167  Baghdad / NINA / Deputy Prime Minister and Minister of Planning, Mohammed Ali Tamim, arrived in New York on Monday, heading a high-level official delegation, to represent Iraq at the High-level Political Forum on Sustainable Development, which is being held at the United Nations headquarters, from July 21-24, with the participation of leaders and representatives of member states.

In addition to the Iraqi delegation, the Minister heads, according to a statement by the Ministry, the delegations of the Group of 77 and China and the Arab Group in this important international forum, which discusses the paths to implementing the goals of the 2030 Agenda for Sustainable Development, and the challenges facing developing countries in achieving these goals, especially in light of the multiple global crises.

It is hoped that the Minister will hold a number of bilateral and official meetings during his participation in the forum, with his counterparts and representatives of countries and international organizations, to discuss ways of cooperation, transfer of experiences and expertise, and strengthening Iraq's position on the regional and global development map.

The forum will also witness the presentation of the third voluntary report on sustainable development in Iraq, which will address the steps taken towards achieving the development goals. https://ninanews.com/Website/News/Details?key=1242017

What Solutions Are Available To Iraq After Türkiye Canceled The 1973 Oil Agreement? An Expert Reveals.

Time: 2025/07/21 16:56:29 Reading: 465 times  {Politics: Al Furat News} Legal expert Ali Al Tamimi revealed that Turkey's cancellation of the 1973 agreement allowing Iraqi oil exports through its territory poses a legal and strategic challenge to Iraq, while noting that the agreement itself includes clear mechanisms for resolving disputes between the two parties.

Al-Tamimi said in a statement to {Euphrates News} that: “The agreement of August 27, 1973, is an important economic and political cooperation charter between Iraq and Turkey, as it provided a safe route for transporting Iraqi oil to global markets through pipelines that were exposed to numerous terrorist attacks in recent years.”

He added, “The agreement was amended in several years, including 1976, 1980, 1981, 1985, 1996 and 2007, and was legally ratified by Iraq under Law No. 4 of 2011, while the agreement was unilaterally cancelled by the Turkish side.”

Regarding legal solutions, Al-Tamimi explained that "Article 10 of the agreement stipulates that any dispute between the two parties shall be resolved through amicable settlement within a period of four months. If negotiations do not lead to a solution, the dispute shall be referred to international arbitration at the Paris Club in France."

He added, "The arbitration panel consists of three arbitrators: one appointed by Iraq and the other by Turkey. If the third arbitrator cannot be appointed, the President of the International Chamber of Arbitration in Paris will be responsible for appointing him." He noted that "arbitration is based on French law and the French language, and issues a binding and final decision for both parties without the possibility of appeal."

Al-Tamimi concluded by saying, "Arbitration costs and fees are determined by the arbitration committee in accordance with the tariff issued by the arbitration chamber and in accordance with international arbitration laws. This provides a clear legal framework for Iraq to address the challenges resulting from the Turkish side's cancellation of the agreement."   LINK

https://alforatnews.iq/news/%D9%85%D8%A7-%D8%A7%D9%84%D8%AD%D9%84%D9%88%D9%84-%D8%A7%D9%84%D9%85%D8%AA%D8%A7%D8%AD%D8%A9-%D9%84%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%A8%D8%B9%D8%AF-%D8%A5%D9%84%D8%BA%D8%A7%D8%A1-%D8%AA%D8%B1%D9%83%D9%8A%D8%A7-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%A9-%D9%86%D9%81%D8%B7-1973%D8%9F-%D8%AE%D8%A8%D9%8A%D8%B1-%D9%8A%D9%83%D8%B4%D9%81

Parliament's Finance Committee Discusses The Establishment Of The "Primary Rafidain Bank"

Banks -  The Finance Committee of the House of Representatives announced, on Monday, the main topics of its hosting of the Director General of Rafidain Bank.

In a speech during the hosting of the Director General of Rafidain Bank, the Committee Chairman, Atwan Al-Atwani, said, "The Finance Committee hosted the Director General of Rafidain Bank, Ali Karim Hussein, to shed light on the bank's activities and discuss some questions regarding the establishment of (the first Rafidain Bank), which is perhaps a borrowing from the current Rafidain Bank, as observations were recorded on the contracts and initial proposals for proceeding with this project."

He added, "Banks receive great attention due to their close relationship with the economic and financial system and their role in achieving development. They also receive special attention from the Finance Committee, given that the integration project between the government and the legislative authority, especially with regard to financial consolidation, financial documents, and sustainable development, represents a key focus."

He explained, "The soundness of banks and the creation of a suitable environment for attracting capital enhance confidence, especially when banks have a high level of transparency, dealing, and digital transformation, which is highly relied upon as an important link in simplifying procedures."

He pointed out that "sustainable development is achieved through the role of banks in investing funds and deposits, managing withdrawals, implementing projects, and providing loans, whether at the level of advances to employees or at the level of loans related to housing and various economic projects." https://economy-news.net/content.php?id=57698

Oil Price Stability

Time: 2025/07/21 08:20:35 Reading: 375 times  {Economic: Al Furat News} Oil prices were little changed on Monday as traders anticipated the impact of new European sanctions on Russian oil supplies, rising output from Middle Eastern producers, and concerns about the fuel outlook amid the impact of tariffs on global economic growth.

By 03:44 GMT, Brent crude futures rose six cents to $69.34 a barrel, after settling down 0.35% on Friday. U.S. West Texas Intermediate crude rose 17 cents to $67.51 a barrel, after falling 0.30% in the previous session.

The European Union on Friday approved its 18th package of sanctions against Russia over the conflict in Ukraine, which also targets India's Nayara Energy, an exporter of refined petroleum products from Russian crude.  LINK

https://alforatnews.iq/news/%D8%A7%D8%B3%D8%AA%D9%82%D8%B1%D8%A7%D8%B1-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%88%D8%B3%D8%B7-%D8%AA%D8%B1%D9%82%D8%A8-%D9%84%D8%AA%D8%A3%D8%AB%D9%8A%D8%B1-%D8%A7%D9%84%D8%B9%D9%82%D9%88%D8%A8%D8%A7%D8%AA-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D8%B9%D9%84%D9%89-%D8%B1%D9%88%D8%B3%D9%8A%D8%A7

A Plan To Connect The East And West Of The World Via Baghdad

Local   The Ministry of Planning clarified, on Monday, that the Belt and Road Initiative launched by China is consistent and complementary to the development road project that Iraq has begun implementing, while pointing to a plan to link the Iran-Iraq railway to the Gulf, Eastern countries and Europe.

Ministry spokesman Abdul Zahra Al-Hindawi told the official agency, followed by Al-Eqtisad News:

“The Belt and Road Initiative launched by China in 2013 is based on a network of roads and railways that connect the East to the West via main corridors and axes. Iraq is perhaps one of the main axes, taking into account that there is a railway linking China to Uzbekistan, then Pakistan and then Iran within this initiative.”

He added, "There is an idea to link the Iran-Iraq, Turkey, and Syria railway line with the Gulf, Eastern countries, and Europe," noting that "this idea is consistent with and complements the development road project that Iraq has begun implementing."

He explained that, "Under this vision, Iraq is considered an important global transportation hub, both on railways and by road, in addition to the services provided by the railway network, as well as those related to transporting passengers in record times, transporting goods and merchandise, and commercial shipping. This is important for Asian countries, the Levant, and trade with the West, as it saves a lot of time and costs, given that the roads are shortened by passing through Iraqi territory."
https://economy-news.net/content.php?id=57708

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