Iraq Economic News and Points To Ponder Late Saturday Evening 8-2-25

Economist: Declining Purchasing Power Limits The Rise In The Exchange Rate

Time: 2025/08/02 Reading: 435 times  {Economic: Al Furat News} Economic expert Salah Nouri confirmed on Saturday that the dollar exchange rate on the parallel market depends primarily on trade demand from neighboring countries.

He added in a statement to Al Furat News that "demand depends on the purchasing power of the Iraqi citizen. Currently, purchasing power is weak and is likely to continue due to the financial crisis and delays in salary disbursements, which is a large segment."

Nouri pointed out that "if the election campaign proceeds along the correct democratic path, without exploiting public funds or influx of foreign funds, the dollar's value will remain at its current level without excessive increases."  LINK

The Dollar Exchange Rate Remains Stable In Baghdad.

Economy |  02/08/2025  Mawazine News - Baghdad -  The dollar exchange rate stabilized on Saturday at the Baghdad Stock Exchange and money exchanges. The dollar exchange rate was recorded at 140,000 dinars for every $100 in morning trading at the main stock exchange in the capital, Baghdad.  The exchange rate in local markets in Baghdad reached 141,000 dinars for sale, while the purchase price reached 139,000 dinars.   https://www.mawazin.net/Details.aspx?jimare=264498

Basra Crude Records Weekly Gains

Time: 2025/08/02 09:01:02 Reading: 435 times  {Economic: Al Furat News} Basra crude oil posted weekly gains, despite the decline in global oil prices at the end of the week's trading.

Basra Heavy crude closed its last session on Friday down $1.80, reaching $69.28, but posted weekly gains of $1.85, or 2.75%.

Basra Medium crude closed its last session with a similar decline of $1.80, settling at $72.33, but recorded weekly gains of $1.85, or 2.62%.

Global oil prices fell at settlement amid expectations of increased OPEC production and the potential impact of new US tariffs, which could undermine economic activity and reduce global energy demand.

Brent crude posted weekly gains of about 4.9%, while West Texas Intermediate crude gained 6.4%. LINK

Al-Sudani: Baiji Will Be An Important Industrial Oil City That Represents One Of The Pillars Of The Iraqi Economy.

Saturday, August 2, 2025 | Economic Number of reads: 316  Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani stressed: "Baiji will be an important industrial oil city that represents one of the pillars of the Iraqi economy."

The Prime Minister said during the inauguration of the fat refinery in Baiji: "Rehabilitating the refinery was not easy, because it consists of units with modern technology and supporting industrial units, and it was restarted with the energy and capacity of national effort."

He added: "The rehabilitation of the refinery was carried out with all its production lines and at the same level at which it was established by foreign companies."

Al-Sudani stressed that: "We have national competencies capable of achieving accomplishments and implementing projects that were previously the preserve of foreign companies."

He explained: "The economic dimension is always present, and to a large extent, in the priorities for implementing government projects.

" Al-Sudani continued, saying: "By rehabilitating this refinery, and other refineries and facilities, we will reach the export stage after covering the needs of the local market."

He pointed out: "The sectors contributing to the economy represent a priority in economic reform, so the contribution rate increased from 7% to 14%."

The Prime Minister explained: "The government has been able to achieve optimal investment in the oil and gas sector to meet the market's needs for petroleum products."  He concluded by saying: "Our vision for the oil sector is comprehensive, from Basra to Nineveh." /End https://ninanews.com/Website/News/Details?key=1244188

 A Security Conference Discusses Preparations And Capacity Building For Upcoming National Challenges.

Saturday, August 2, 2025, | Number of reads: 171  Baghdad / NINA / The Deputy Commander of Joint Operations, Lieutenant General Qais Al-Muhammadawi, held an expanded security conference via closed-circuit television on Saturday, with the participation of a number of operations and axes commanders, and in the presence of the Commander of the Land Forces, the Director of Military Intelligence, and the Joint Operations Command Staff.

The Joint Operations Command said in a statement, "During the conference, an extensive discussion took place on current and future military and security plans, with a focus on mechanisms for operational reopening in areas of responsibility and confronting challenges."

The statement added, "The conference discussed ways to enhance the readiness of the forces and the importance of high coordination between the various formations to carry out duties with high efficiency and professionalism.

" It indicated that "the Deputy Commander of Joint Operations directed, at the conclusion of the conference, a set of recommendations, including specific timings and distribution of responsibilities, with an emphasis on reviewing plans in line with current challenges, the mechanism for coordination with neighboring commands, and dealing with intelligence information, as well as discussing preparations and capacity building to face upcoming national entitlements." /End
https://ninanews.com/Website/News/Details?Key=1244272

Parliamentary Economy Committee: We Refuse To Vote On This Agreement. We Proposed A Package Of Comments Before Presenting It To Parliament.

Saturday, August 2, 2025, | Economic Number of reads: 182  Baghdad / NINA / The Parliamentary Committee on Economy, Industry and Trade announced the collection of signatures to reconsider the draft law ratifying the afforestation and mutual protection of investment agreement between the governments of the Republic of Iraq and the Kingdom of Saudi Arabia.

The Parliament Presidency also demanded that the vote on the agreement be postponed and that it be returned to the Council of Ministers for approval first, before proceeding with its submission to Parliament.

The committee's deputy chairman, Yasser Al-Husseini, said in a joint press conference on Saturday that "this agreement was not discussed or presented to the committee, and its opinion was not taken into account at all. Therefore, we collected signatures to demand that the Presidency hold workshops with legal and economic specialists and representatives of government agencies to determine the feasibility of passing this agreement, amending it, or proceeding with ratification or not."

In turn, MP Saud Al-Saadi said, "We noted that the Parliamentary Foreign Relations Committee did not send a photocopy of the draft law, nor did it send the committee's special report to the representatives two days before the session, as required by the internal regulations."

He added, "This agreement includes, in Article 9 of Annex A, excessive facilitation for the expropriation of lands and projects in Iraq for the Saudi side, and it also conflicts with the Iraqi Expropriation Law No. 12 of 1981, as amended, and the provisions of other applicable laws."

He continued, "Article 11 of the agreement included exceptions and permissions for financial transfers to Saudi Arabia under the guise of investment without restrictions or conditions, and Article 13 permitted the dispute to be referred to the Arab Court of Arbitration or to resort to international arbitration, which may harm the national interest."

He explained, "We believe it is necessary to stipulate that the dispute regarding the agreement be referred to Iraqi courts, and that investment disputes be subject to the Iraqi judiciary, before resorting to Arab arbitration or international arbitration chambers."

He added, "The current Council of Ministers did not approve this agreement because the draft law was sent to Parliament during the fourth legislative session in 2019, and no new government decision was issued including the consistency of the provisions of this agreement with the ministerial program or not." /End   https://ninanews.com/Website/News/Details?key=1244283

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

Seeds of Wisdom RV and Economic Updates Sunday Morning 8-3-25

Good Morning Dinar Recaps,

Banks Launch 'Operation Chokepoint 3.0' to Restrict Crypto and Fintech Access

A new wave of financial restrictions targeting crypto and fintech firms may be underway as banks begin rolling out what critics are calling “Operation Chokepoint 3.0.” According to Andreessen Horowitz general partner Alex Rampell, this initiative could significantly undermine access to banking services and consumer data essential for crypto platforms and digital finance startups.

Rampell: Banks Reviving Chokepoint Tactics with New Fees and Barriers

Rampell warns that while Operation Chokepoint 2.0—an initiative under the Biden administration that sought to deplatform crypto firms—has come to an end, banks are now pursuing a privately driven version that may be even more damaging.

“Now the banks are aiming to implement their own Chokepoint 3.0 — charging insanely high fees to access data or move money to crypto and fintech apps — and, more concerningly, blocking crypto and fintech apps they don’t like,” said Rampell.

At the center of the controversy is the growing effort by major financial institutions to charge fintech and crypto platforms premium fees for accessing customer bank account data—fees that could total hundreds of millions of dollars annually.

JPMorgan Chase Implements Tiered Data Access Fees

Among the first major banks to adopt this model is JPMorgan Chase, which has announced a tiered fee structure for third-party access to customer account data. Higher fees will reportedly apply to payment-focused platforms, which often rely on continuous API access to facilitate real-time transfers.

A Chase spokesperson acknowledged the plan:

“We’ve had productive conversations and are working with the entire ecosystem to ensure we’re all making the necessary investments in the infrastructure that keeps our customers safe.”

Rampell pushed back against this framing, stating that the data in question—such as bank account and routing numbers printed on checks—has long been freely accessible and that charging for it now raises questions about monopolistic behavior.

Fintech & Crypto Platforms Could Face User Attrition

The new fees may disrupt operations at major platforms including Coinbase, Venmo (PayPal), and Robinhood, all of which rely on access to customer banking data to enable deposits, withdrawals, and balance verification.

Rampell emphasized the potential consumer impact:

“If it suddenly costs $10 to move $100 into a Coinbase or Robinhood account, maybe fewer people will do it.”

Such friction, he argues, could lead to a sharp decline in user participation across platforms—especially those targeting younger and cost-sensitive demographics.

Crypto Advocates Call for Policy Intervention

Rather than seeking new legislation, Rampell believes regulators should intervene to prevent banks from erecting barriers that stifle innovation and restrict consumer choice:

“We don’t need new laws. We need an administration that won’t allow banks to destroy competitive fintech and crypto industries through manipulation.”

FAQs: Understanding Operation Chokepoint 3.0

What is Operation Chokepoint 3.0?
A privately driven effort by banks to restrict crypto and fintech operations by charging excessive data access fees and selectively blocking apps.

How is it different from Operation Chokepoint 2.0?
Version 2.0 focused on government pressure to debank crypto. In contrast, 3.0 involves bank-initiated commercial practices like tiered pricing for account data.

Which companies are most affected?
Platforms like Venmo, Coinbase, and Robinhood could see major user drop-off if added fees discourage asset movement and reduce platform affordability.

@ Newshounds News™
Source:  Coinpedia

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Ripple CTO Proposes XRPL Infrastructure Upgrade as Ledger Surpasses 70M Monthly Transactions

Ripple’s Chief Technology Officer David Schwartz has unveiled plans for a new high-performance XRP Ledger (XRPL) server to enhance infrastructure resilience and analytics. The announcement comes as XRPL achieved a major milestone in July, recording over 70 million transactions—its highest monthly total to date.

CTO David Schwartz Shares Plans for Personal XRPL Server Initiative

In a recent post on X, Schwartz revealed his intent to build and operate a dedicated XRPL production server. Although not an official Ripple initiative, the server would serve the broader XRPL ecosystem by offering reserved connectivity slots for UNL validators and XRPL-linked services.

“This is something I’d be doing independently to support the network. It’s about improving performance monitoring and resiliency, not centralizing control,” Schwartz clarified.

The proposed server setup includes:

• AMD 9950X CPU

• 256 GB RAM

• High-speed NVMe storage

• Unmetered 10GB connection

• Data center hosting in New York City

Schwartz emphasized that no individual server should be relied upon within XRPL’s decentralized framework. He intends to monitor real-time data flows and network behavior, with minimal interference to existing XRPL operations.

XRPL Ecosystem Sees Record Usage and Developer Momentum

According to Dune Analytics, the XRP Ledger processed over 70 million transactions in July, pushing its all-time count to approximately 3.83 billion transactions. XRPL’s daily average now stands at 1.8 million, reflecting consistent utility across global users.

Additional milestones include:

• Over 1 million new users added in 2025 so far

• 3,000 new wallets created daily

• More than 7 million total XRPL accounts

Growth has also extended to XRPL’s automated market maker (AMM) and decentralized exchange (DEX) systems:

• AMM volume increased 17%, reaching 408 million XRP

• DEX volume rose 21%, totaling 465 million XRP

Cross-Chain Adoption and Stablecoin Expansion Drive Ecosystem Utility

Cross-chain activity on XRPL is accelerating, with over $165 million in assets bridged via Axelar to EVM-compatible blockchains. The launch of an EVM-compatible sidechain on June 30 has already generated significant developer traction—with more than 1,400 smart contracts deployed in the first week.

In addition, the Brazilian real-denominated stablecoin BBRL, issued by BrazaBank on XRPL, saw issuance surge past $4.2 million last month. BBRL now ranks as the second-largest BRL stablecoin, behind Transfero’s BRZ.

These developments underscore XRPL’s growing reputation as a scalable, low-cost global settlement layer—and illustrate the importance of infrastructure investments like those proposed by Schwartz.

XRPL in Numbers – July 2025

Metric Value

Monthly Transactions 70+ million

Total Transactions (All-Time) 3.83 billion

New Wallets per Day 3,000+

AMM Volume 408M XRP (↑17%)

DEX Volume 465M XRP (↑21%)

Stablecoin (BBRL) Issuance $4.2M+

Cross-Chain Asset Transfer $165M+ via Axelar

Smart Contracts (New Sidechain) 1,400+ in first week

As Ripple’s ecosystem expands and developer engagement grows, efforts like Schwartz’s independent infrastructure upgrade highlight the importance of decentralization, transparency, and performance monitoring in supporting XRPL’s next phase of global adoption.

@ Newshounds News™
Source: Coingape

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Uniswap, a16z, and DeFi Allies Urge U.S. Senate to Shield Developers in Upcoming Crypto Market Bill

A coalition of major decentralized finance (DeFi) advocates—including Uniswap Labs, a16z Crypto, and the Solana Policy Institute—is calling on U.S. lawmakers to protect open-source developers and maintain tech-neutrality as Congress shapes the future of digital asset regulation.

Senate Banking Committee Reviews DeFi Protections Under RFIA Draft

The comments were submitted in response to a Request for Information (RFI) issued by the Senate Banking Committee, which is currently reviewing the draft of the Responsible Financial Innovation Act of 2025 (RFIA)—an updated legislative framework first introduced in 2022. The updated version aims to build upon the foundational CLARITY Act, which promotes innovation while preserving consumer protections and financial stability.

The response was filed by the DeFi Education Fund (DEF), a crypto policy nonprofit originally funded by Uniswap. It was co-signed by leading crypto organizations, including:

• a16z Crypto

• Jito Labs

• Jump Crypto

• Paradigm

• Multicoin Capital

• Uniswap Foundation

• Solana Policy Institute

• Variant Fund

Key Policy Recommendations from the DeFi Education Fund

In its official comment, the coalition emphasized four major policy imperatives that should guide Senate legislation:

1. DeFi Developers ≠ Centralized Intermediaries

Lawmakers should make a clear legal distinction between open-source DeFi developers and traditional custodial financial institutions. Developers of non-custodial protocols should not face the same compliance burdens as centralized intermediaries.

2. Technology-Neutral Regulation

Regulations should focus on function, not form—treating traditional and decentralized systems with parity, without favoring one architecture over another.

3. Clarity on Registration Requirements

The law should clearly define who must register with financial regulators based on their level of control, custodial function, or ability to halt transactions—criteria that many decentralized protocols do not meet.

4. Federal Preemption to Prevent State-Level Weaponization

The DEF warns that without federal preemption, large incumbent financial institutions may exploit state laws to bring litigation or enforcement actions against DeFi protocols—not to protect consumers, but to stifle competition.

“Absent federal preemption, well-resourced traditional financial institutions may exploit the fragmented regulatory landscape by funding or encouraging state-level enforcement actions against DeFi developers — not to protect consumers, but to stifle competition,” the DEF wrote.

Call for Revised FinCEN Guidance in Light of Tornado Cash Case

The DEF also urged the Senate to clarify FinCEN’s existing guidance, which underpins the ongoing trial of Tornado Cash developer Roman Storm. The Department of Justice has charged Storm with violating federal laws by publishing open-source software used by illicit actors.

The coalition argues:

“Rulemaking should reflect that technology which solely consists of non-custodial, non-controlling software shall not be regulated as a financial institution or financial intermediary.”

Storm’s verdict is expected as early as next week, making this debate especially urgent for developers across the DeFi ecosystem.

What’s at Stake for DeFi in the RFIA Bill?

This moment marks a critical inflection point in how U.S. law distinguishes between traditional financial institutions and decentralized technology. The outcome will impact:

• The future legal status of DeFi developers

• The ability to publish open-source code without legal liability

• The competitiveness of U.S.-based DeFi innovation in the global economy

By engaging early in the legislative process, the crypto community hopes to ensure that U.S. digital asset laws foster innovation rather than stifle it.

@ Newshounds News™
 Source: The Block

~~~~~~~~~

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Thank you Dinar Recaps

Dr. Scott Young: Tariffs to IRS Abolishment to GESARA Comes on August 1?

Dr. Scott Young: Tariffs to IRS Abolishment to GESARA Comes on August 1?

8-1-2025

In this video, Dr. Scott discusses the potential economic and political impacts of tariffs on the United States, particularly focusing on their capacity to generate significant revenue, influence tax policy, and transform the role of the IRS.

He highlights how tariffs could lead to a trillion-dollar increase in government revenue, potentially enabling the government to balance the budget and eliminate income taxes for individuals earning under $150,000 annually—about 85% of Americans.

Dr. Scott references conversations with key political figures, including Howard Lutnik, the Secretary of Commerce and a major advocate for tariffs, who supports the notion that tariff revenue could reduce or even eliminate the IRS’s role.

The video also covers the broader geopolitical trade landscape, noting significant trade deals with countries like Japan, China, Brazil, and various African nations, as well as the potential impact on U.S. manufacturing and exports.

Furthermore, Dr. Scott addresses the role of “dark money” in American politics, explaining how undisclosed political spending influences elections and how this money is used to counteract opposing candidates.

He highlights concerns over transparency and foreign interference linked to dark money, while emphasizing that these tactics are increasingly exposed and challenged.

The video ends with a discussion about the potential transition from tariff-based revenue systems to what he calls “GESARA”—a broader economic reset or restructuring—along with speculation on forthcoming developments around August 1st, which Dr. Scott suggests might be a significant date for America’s economic future.

In conclusion, the video presents tariffs not merely as trade tools but as central elements in a broader economic and political strategy aimed at transforming U.S. fiscal policy, trade relations, and domestic industry.

 It ties these economic shifts to political dynamics, including elecction financing and potential systemic resets, painting a complex picture of how tariffs could reshape America’s future.

https://youtu.be/eQsDkFMHRbg

https://dinarchronicles.com/2025/08/02/dr-scott-young-tariffs-to-irs-abolishment-to-gesara-comes-on-august-1/

FRANK26….8-2-25…..ALOHA…..CONTRACTS

KTFA

Saturday Night Video

FRANK26….8-2-25…..ALOHA…..CONTRACTS

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=AacuGJ5KTsc

US Gold Reserves Cover Just 2% of Soaring Debt; Default Risk Greater Than We Know!

US Gold Reserves Cover Just 2% of Soaring Debt; Default Risk Greater Than We Know!

Daniela Cambone:  8-1-2025

“The U.S. Treasury’s gold reserves are at one of the lowest levels in 90 years,” says Tavi Costa, partner and portfolio manager at Crescat Capital, joining Daniela Cambone on the Daniela Cambone Show.

“At just 2% of total government debt, this imbalance is a green light for long-term gold investors.” Costa warns that rising U.S. debt, surging interest costs, and the likelihood of dollar devaluation will eventually force the government to either buy more gold or revalue it, a move he believes could unlock massive upside for the metal.

“The world is accumulating gold, and the U.S. will have to join in,” he says. Beyond gold, Costa shares why the AI arms race and a coming infrastructure boom could reshape the U.S. economy, creating major opportunities in raw materials and engineering sectors.

Chapters:

 00:00 U.S. Treasury gold reserves at historic lows

04:40 Why the U.S. may need to increase gold reserves

07:02 Could the U.S. ever default on its debt?

10:38 How gold revaluation could happen

12:25 Will China slow its gold purchases?

15:08 The AI arms race: who will win?

https://www.youtube.com/watch?v=I7JW8u0z8L4

$4000 Gold & $75 Silver By Year End? | David Hunter

$4000 Gold & $75 Silver By Year End? | David Hunter

Liberty and Finance:  8-1-2025

David Hunter predicts a parabolic rise in the S&P 500 to 8,700 by year-end 2025, marking the final leg of a 43-year bull market. He anticipates a severe global financial crisis in 2026, with an 80% bear market driven by excessive leverage and global debt.

Hunter remains bullish on precious metals, forecasting gold at $4,000 and silver at $75 within months. He expects massive Federal Reserve intervention, including a $20 trillion balance sheet increase, to counter the crisis.

 Post-bust, he foresees hyperinflation (20-25%) and soaring commodity prices by the early 2030s.

INTERVIEW TIMELINE:

0:00 Intro

 1:29 Market update

12:22 Trump administration

16:40 AI wild card

24:01 Dollar index

26:45 Last stage of the supercycle

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

Iraq Economic News and Points To Ponder Saturday Afternoon 8-2-25

Among Them Is The Economic Contraction.. An Expert Reveals The Reasons Behind The Decline In The Exchange Rate.
 
July 31, 2025  Baghdad/Iraq Observer  Economic expert Munar Al-Obaidi confirmed that the exchange rate of the US dollar against the Iraqi dinar has witnessed a significant decline recently.
 
This decline is due to a group of intertwined economic and procedural factors,  which vary in their level of influence but have collectively contributed to strengthening the dinar.

Al-Obaidi told the Iraq Observer that “the reasons for the dollar’s decline include the   economic contraction and   declining consumer confidence.
 
The state of uncertainty in the Iraqi market, as a result of the economic slowdown, has  led to a decline in the confidence of individuals and institutions in spending, which has negatively impacted the volume of public demand, thus  reducing the need for the dollar as a stimulus for trade.
 
In addition, the halt in government investment spending has led to the government focusing on operational spending rather than investment spending, leading to a decline in economic activity.” 

He added that "the general budget is the primary driver of economic activity, and reducing investment spending has reduced aggregate demand,   including demand for the dollar."

He noted that "other reasons include  :
     tightening controls at border crossings and
     government measures to  curb smuggling and  regulate relations with the Kurdistan Region, which have contributed to  reducing the phenomenon of inflated invoices,  which has reduced the unreal demand for dollars in the parallel market."
 
Regarding the shift of traders to the formal banking system, Al-Abidi explained that “the markets have witnessed the  entry of a large segment of traders into the formal banking system, and  their reliance on the official dollar exchange rate through approved platforms, which has  reduced the  volume of trading in the parallel market and  reduced pressure on the dollar, in addition to a  decline in re-export operations.
 
The decline in the re-export of goods to neighboring countries has led to a reduction in demand for imported goods, which has  directly reflected in a decline in the need for dollars to finance these commercial operations.” 

 He emphasized that   "settling major companies' dues in oil products instead of cash also had an impact on depreciating the dollar, as the government settled a portion of foreign companies' dues  in black oil and naphtha   instead of cash,   reducing reliance on dollars sold by the Central Bank and   increasing their supply in the market." 

He pointed out that “preparations for the electoral process also play a role.
 
With the start of the election season, the volume of    spending related to the electoral campaigns increased, and this spending is often financed from cash reserves stored in dollars,  which necessitated converting large amounts of them into dinars to cover campaign expenses,  thus increasing the supply of dollars and  increasing the number of foreign visitors and arrivals.

The increasing number of arrivals to Iraq contributed to the introduction of quantities of foreign currencies into the local market, which provided an additional source of hard currency   outside the framework of central bank sales, and  contributed to strengthening the availability of dollars.”  He continued, saying,
 
"The halt to illicit trade as a result of the closure of the border with Syria played  a significant role in the decline of the dollar.
 
The closure of border crossings with Syria contributed to the  reduction of smuggling and illegal trade, which had been heavily dependent on the dollar in the parallel market,  leading to a further decline in demand for the dollar." 

He concluded by saying, "The   decline in the issued currency and the withdrawal of a portion of it from the market  is another reason behind the decline in the dollar price.
 
The Central Bank of Iraq withdrew a portion of the dinar money supply from the market,  creating a double demand for the Iraqi dinar against the dollar.
 
This balance in demand levels between the two currencies helped boost the value of the dinar and  raise its exchange rate against the dollar on the parallel market."   https://observeriraq.net/بينها-الانكماش-الاقتصادي-خبير-يكشف-ال/  

"Development Road" Opens The Way For A New Energy Agreement Between Iraq And Turkey.
 

Economy News - Follow-up  Researchers and experts confirmed on Friday that the"Development Road" project between Iraq and Turkey is no longer just a strategic corridor for transporting goods,
 
but rather a  gateway to a comprehensive energy agreement between the two countries  that could redraw the map of regional economic cooperation.
 
Turkish researcher Sercan Caliskan, who specializes in Iraqi affairs, explained, as reported by Anadolu Agency, that "relations between Ankara and Baghdad have witnessed a strategic development in the energy sector," noting that
 
"this path is directly linked to the 'Development Road' project, which extends 1,200 kilometers within Iraqi territory and aims to connect the Arabian Gulf to Europe via Turkish territory."
 
"The project is not limited to transportation and infrastructure, but  opens new horizons for regional cooperation,   especially in the energy sector,"explained Çalışkan, a researcher at the Turkish Center for Middle Eastern Studies. 

He continued: "The development path represents an opportunity to
     establish a long-term partnership that prevents legal disputes and
     builds the foundations for comprehensive cooperation on the oil and energy front."
 
For his part, Yasser Al-Maliki, an expert on Arabian Gulf affairs at the Middle East Economic Survey (MEES), said that
 
"the project falls within Ankara and Baghdad's plans to enhance their economic cooperation," stressing that  "the Iraq-Turkey oil pipeline could be used in the future to transport crude oil from other countries,  strengthening Turkey's position as a regional hub for energy transit between Asia and Europe."

Al-Maliki pointed out that  "re-exporting Kirkuk oil to Mediterranean refineries via Türkiye would be of great importance to Baghdad, as it seeks  to increase revenues and  reduce supply-related crises."
 
Turkish sources had previously revealed that negotiations had begun between Ankara and Baghdad to reach a new, more comprehensive oil transport agreement.
 
A Turkish presidential decree was published in the Official Gazette on July 21,
indicating that the current agreement signed between the two countries in 1973 would expire on July 27, 2026. views 96   08/01/2025 - https://economy-news.net/content.php?id=58198  

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

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 8-2-25

Good Afternoon Dinar Recaps

$24,000 Guaranteed Income Coming to Young Adults in Georgia Under New Pilot Program

A new guaranteed income initiative in Georgia will provide selected participants with up to $24,000 in no-strings-attached cash over four years, as part of a pilot program aimed at economic resilience and wealth-building for young adults.

The program is spearheaded by the Georgia Resilience & Opportunity (GRO) Fund, a nonprofit focused on equitable economic development.

Program Overview

The Freedom Futures guaranteed income pilot will provide:

• $500 per month for 48 months

• Totaling $24,000 per participant

Funds can be used freely, with no restrictions on spending.

Eligibility Criteria

To qualify, applicants must:

• Be 18 to 25 years old

• Be enrolled in high school or a partner college/university

• Live in a household with income at or below 200% of the federal poverty level

Additional Wealth-Building Capital Offered

In addition to monthly income, participants may qualify for an investment sum of over $20,000, designated for:

• Homeownership

• Entrepreneurship

• Higher education

• Retirement savings

This capital will be distributed beginning in year three of the program. To access these funds, recipients must complete a financial education curriculum provided by the program.

Key Dates and Application Process

• Application deadline: August 27, 2025

• Required documents include: proof of identity, enrollment, and household income

• Notification: Applicants will be informed of selection within weeks after the deadline

• First payments: Begin in September 2025

For more information and to apply, visit the Freedom Futures application portal.

@ Newshounds News™
Source:  Daily Hodl

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India Leaving BRICS? U.S.-India Tensions Escalate Amid Tariffs, Oil Deals, and De-Dollarization Dispute

Speculation is mounting over whether India may exit the BRICS economic bloc amid its growing tensions with the United States. The diplomatic fallout has intensified following President Donald Trump’s imposition of sweeping tariffs on Indian goods and critical remarks from Secretary of State Marco Rubio regarding India’s continued energy partnership with Russia.

With relations between New Delhi and Washington reportedly at their lowest point since 1998, the geopolitical and economic stakes are rising fast. Key flashpoints include U.S. opposition to India’s Russian oil purchases, India’s refusal to support BRICS de-dollarization efforts, and growing speculation that India may reorient toward the West.

Trump’s Tariff Ultimatum Raises Stakes

On August 1, President Trump announced a 25% tariff on all Indian imports, citing persistent trade imbalances and India’s continued military and energy deals with Russia.

In a Truth Social post, Trump stated:

“India, Russia can take their dead economies down together.”

He went on to criticize India’s high tariffs, non-monetary trade barriers, and reliance on Russian military equipment and energy:

“India… has the most strenuous and obnoxious non-monetary Trade Barriers of any Country… they are Russia’s largest buyer of ENERGY… at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE.”

The move is widely interpreted as an economic ultimatum meant to pressure India to sever deeper ties with Moscow—and potentially push it out of BRICS.

Rubio Condemns India’s Russia Oil Purchases

U.S. Secretary of State Marco Rubio added fuel to the controversy during an interview with Fox Radio, targeting India’s continued energy imports from Russia.

Rubio stated:

“India… buys [energy] from Russia… because Russian oil is sanctioned and cheap… That, unfortunately, is helping to sustain the Russian war effort.”

He noted that India’s purchases undermine Western sanctions and prolong the Ukraine conflict, making energy policy a central issue in broader diplomatic tensions.

India Rejects BRICS Currency, Signals Western Alignment

At the recent BRICS summit in Rio de Janeiro, India officially rejected the proposed joint currency initiative intended to reduce global dependence on the U.S. dollar. The move was confirmed by Indian External Affairs Minister S. Jaishankar, and it has caused friction within the BRICS bloc.

India’s refusal comes as Prime Minister Modi pursues deeper economic ties with the U.S., including negotiations on trade agreements reportedly worth $500 billion. Analysts see this as a strategic realignment toward the West—at the expense of BRICS unity.

Diplomatic Breakdown: Worst India-U.S. Crisis in 25 Years

National security expert Derek J. Grossman called the current standoff the worst diplomatic moment in U.S.-India relations since 1998.

India’s Ministry of Commerce & Industry responded to Trump’s tariff announcement with a carefully worded statement:

“The Government will take all steps necessary to secure our national interest.”

Whether this crisis leads to India formally exiting BRICS remains uncertain, but the current trajectory suggests New Delhi is increasingly aligned with Western economic frameworks, leaving its future in BRICS in question.

@ Newshounds News™
Source: Watcher.Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Weekend Coffee with MarkZ. 08/02/2025

Weekend Coffee with MarkZ. 08/02/2025

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

The first 45 minutes is CBD Gurus. Then Mark with the latest news and rumors

Member: Welcome to the weekend and Good Morning

Member: I believe on this day in 1990- Iraq invaded Kuwait.

Member: what are you hearing on the RV side today Mark?

MZ: On the bond/reset side there is some real interesting chatter. It appears the elders are looking for a few key pieces – historic bond related artifacts……Being told there are some things the elders won’t compromise on, but being told they are trying to get those deals donea s quickly as possible so we can move forward. There are some very upbeat folks. But these are the rumors floating around.

MZ: Even though there is solid progress I do not think its happening this weekend. On the redemption center/banking side…..noone appears to be working this weekend. My banking sources are convinced nothing is happening this weekend. I hope they are wrong

MZ: “Prime Minister: Baiji will be an important oil and industrial city that represents one of the pillars of the Iraqi economy”  they are currently still rebuilding their infrastructure. Part of the “White Paper” reforms so they can lift their purchasing power. This will be a big boon to their economy as they will be selling finished products ….not just oil

Member: Iraq's going to have an Oil City and a Gold City.

MZ:  “Sudani denies the rumor of destruction of 62 trillion dinars- unfounded” But it would be a great thing to do just before a reset. Maybe the cat got out of the bag and they are doing damage control? If I had just destroyed 62 trillion right before a reevaluation- I would probably say the same thing.

MZ: That is just totally a guess….a gut feeling , but it makes sense. Why would you want to destroy currency?  If you had to much in circulation….you would want to get rid of some of it before a revaluation. This is just a rumor….but with everything else going on – it is screaming RV to me. If this is happening…the RV is imminent.

Member: I think Iraq could still go alone and first….then other countries will RV when they are ready.

MZ: “Chinese cranes modernize Iraqi ports” Theis is part of the development road project to move goods throughout the country.

Member: What happened on Aug Ist that trump was doing other than the tariffs?

MZ: Tarriffs – money from tarrifs will probably be able to cut 20% of the federal budget deficit.

Member: I really wish we knew the real rates?

Member: It is rumored the Bolivar could be .30 cents

Member: Really praying the VND rate will be over $2!!

Member: No one knows the rates of currency, until you get to your redemption appointment.

 Member: Nothing, nothing, nothing….then suddenly

Member: To whomever is in charge of the RV- Let’s get ‘er done!!!!!!

Member: Please Lord let this blessing happen this weekend or this week. Many are feeling defeated and overwhelmed

Mod:  THANK YOU MATT AND LUCAS! YOUR SO MUCH FUN! EVERYONE HAVE A BLESSED WEEKEND!

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

https://rumble.com/user/theoriginalmarkz

Kick:  https://kick.com/theoriginalmarkz

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.

THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:     https://www.youtube.com/watch?v=0FwpkI7eKfM

News, Rumors and Opinions Saturday 8-2-2025

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 Sat. 2 August 2025

Compiled Sat. 2 August 2025 12:01 am EST by Judy Byington

Judy Note: Deadlines come and go with the Global Currency Reset and people often get discouraged – but it’s only because we don’t know what’s really going on.

President Trump gave the banks until last Mon.28 July to be set up in the new system – and evidently they were in 210 countries.

Jennifer Fallaws said that we had new rates on the bank screens on Wednesday. Rates must be within an agreed upon range to post to public screens. If they are in range, they will post the rate changes.

Adam Stephens said, “The tariffs go into full effect at 12 midnight EST. 9pm PST on Fri. 1 Aug. Vietnam container ships have been awaiting the new tariffs and also the new currency of Vietnam in order to download on the dock.

Trump gave those countries until Fri. 1 Aug. to have their currencies revalued if they wanted to participate in trade.

If you think about it, we’re right on schedule.

Below is an update from a very valid source:

Fri. 1 Aug. 2025: CONTINUATION: THE FINAL SEVERING … on Telegram:

Meanwhile, behind the veil, the Global Currency Reset is (allegedly)  being finalized. – Gold-backed currencies have been mirrored into QFS nodes – Debt instruments nullified through sovereign treaties – Hidden wealth and stolen assets seized for redistribution – Redemption centers are secured and synchronized

The transition is not coming. It has already begun.

The Global Military Alliance is not a theory. It is active. They have reclaimed the codes. They have retaken the vaults. They are preparing the world for the post-fiat reality — a system of value, truth, and natural law.

~~~~~~~~~~~~~

Fri. 1 August 2025 The Quiet Reset Begins…(allegedly) Tucker Carlson

While the world scrolls, argues, and yawns through the noise of engineered headlines something massive is unfolding — in complete silence. The Revaluation (RV) of global currencies is not coming with fireworks. It will not be broadcasted by legacy media. There will be no banners, no alerts, no celebrity tweets. It will simply begin. Quietly. Precisely. Irreversibly.

Behind the distractions of global theater, the Quantum Financial System (QFS) is already breathing. It doesn’t wait for permission. It doesn’t announce itself. It verifies, records, and mirrors every movement of energy and value with a precision no man-made system could ever match.

This is not a “plan.” It is code already executed — waiting only for its moment of visible sync. And in that moment, every screen will show the same number. Every ledger will blink in unison. The old system is not collapsing. It is being bypassed.

And what of NESARA / GESARA? It will not arrive as a dramatic headline. It will emerge as a protocol, a shift, a subtle restoration of balance so undeniable — the world will feel it before it understands it. Debts dissolved. Taxes restructured. Sovereignty returned. Not promised. Not debated. Activated.

It won’t knock. It will override. There will be no press conference. Only stillness. And then movement.

Canada is already rumbling beneath the surface. Encrypted flows and mirrored accounts whisper the truth — “We’re already in it. You’re just not meant to see it yet.”

The question was never if. It was always how long can they hide it? So ask yourself: Why the silence? Why no warning? Why now?

Because this is not a show for everyone. It’s a frequency. It’s for the ones with ears to hear and eyes to see — those who never needed a stage to know the truth. Those who understood long ago that the end was never chaos — it was recalibration.

And the final phase won’t be a bang. It will be a pulse. When it happens, it will already be done. Not everything will be televised. Some revolutions happen between heartbeats.

Read full post here:  https://dinarchronicles.com/2025/08/02/restored-republic-via-a-gcr-update-as-of-august-2-2025/#respond

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

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

Mnt Goat  ...the CBI told us...they needed STABILITY and SECURITY to make this Project to Delete the Zeros work...to control the dinar and the dollars in Iraq to the official rate as dictated by the Central Bank not the illegal markets (black market) drive the rate...Article quote:  “But for now, the message from the market is clear: the dinar is no longer drifting – it’s being steered.”  ...they are telling us this is now accomplished and they have stability and control. 

Militia Man   [I'm 100% convinced] the Iraq dinar is undervalued.  Remember Iraq's currency at $3.22  20 years ago was based off oil.  It's not taking into consideration...$16 trillion worth of natural resources... phosphates, sulfur, gold, all those things...All that packs in on top of the real effective exchange rate.  [20 years ago] the real effective exchange rate was at [$3.22].  So it supports the fact they can support this even under the circumstances...

Frank26   I don't believe in the GCR.  I can't believe in it.  But something very similar to it, very equivalent to it is happening...President Trump is hammering the exchange rates around the world and molding them and reshaping them...He's reshaping the whole political structure of this plant Earth.  I've never seen anything like it before...And Iraq citizens know this.  They are prepared for this...

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

China Quietly Pushes Yuan Towards Gold Ft. London Paul - LFTV Ep 234

Kinesis Money:  8-1-2025

In this week’s Live from the Vault, Andrew Maguire welcomes Sirius Report’s London Paul to examine how BRICS nations are accelerating regional trade in local currencies, quietly anchoring the Chinese yuan to gold and driving global demand for physical gold and silver.

 As the US struggles to contain this monetary shift, both experts unpack a growing Eastern-led financial realignment that threatens Western currency dominance and signals the early stages of a gold-backed settlement system designed to rival the dollar’s global role.

Timestamps:

00:00 Start

01:08 Multipolar shift speeds up; gold-backed assets impact global economy

 09:06 BRICS expands cross-border trade, putting pressure on the dollar

16:10 China’s yuan strengthens its influence on global markets

23:11 Global sentiment shift towards yuan and ruble

30:17 Silver breakout signals physical market gaining control

37:51 Silver price rise driven by physical demand and weakening dollar

45:02 Growing influence of gold and silver challenges Western dominance

 51:12 U.S. stablecoin strategies highlight fears of losing monetary influence

https://www.youtube.com/watch?v=7jfeRj1OLR8

Iraq Economic News and Points To Ponder Saturday Morning 8-2-25

Gold Declines Under Pressure From The Dollar

Time: 2025/08/01 12:13:46 Reading: 330 times  {Economic: Al Furat News} Gold prices are heading for their third consecutive weekly loss on Friday, pressured by a stronger dollar and declining expectations of a US interest rate cut.

While uncertainty over US tariffs on trading partners supported the yellow metal's prices,
spot gold settled at $3,288.89 per ounce by 07:33 GMT, down 1.4% so far this week.
Meanwhile, US gold futures fell 0.3% to $3,339.90 per ounce.  LINK

Government Advisor Denies Allegations Of 62 Trillion Dinars Lost

The Prime Minister's Financial Advisor, Mazhar Mohammed Salih, confirmed that the rumor of destroying half of the 62 trillion Iraqi dinars currency is illogical and baseless. While explaining that the Iraqi monetary system is subject to strict procedures for managing paper currency, he called on citizens to refrain from circulating fabricated news and to maintain cohesion and trust in national financial, banking and economic institutions.

Salih said: "Some social media outlets have recently circulated illogical allegations that huge sums estimated at 62 trillion dinars were destroyed due to "mice and rats." This news is completely untrue and lacks the slightest degree of credibility and economic logic."

Salih emphasized that "Iraq's issued currency does not exceed 100 trillion Iraqi dinars, which includes circulating currency and reserve currency. Therefore, claiming that more than half of the currency was destroyed due to environmental or biological factors is economically impossible and not credible in terms of the scale and institutional procedures surrounding currency management."

He explained that "official data indicate that approximately 88% of the total monetary supply is outside the banking system, hoarded by individuals, as a result of an inherited monetary culture in Iraqi society, rather than within the warehouses or vaults of a single institution, where it could be exposed to such damage."

He added that "the Iraqi monetary system is subject to strict procedures for managing paper currency, in terms of printing, storage, periodic inspection, and replacement through precise monetary and accounting mechanisms. Such large sums cannot be left vulnerable to damage without oversight or follow-up."

He pointed out that "the rumor aims to create confusion and provoke public opinion, especially among non-specialists who do not know the nature of the monetary system in our country or how it works. This is something that must be addressed with reason and wisdom.

" He called on "all citizens not to circulate such fabricated news, which represents an underestimation of people's intelligence and has no economic or realistic value. Rather, it is part of attempts to confuse public opinion at a time when greater cohesion and confidence in national financial, banking, and economic institutions are required."  https://economy-news.net/content.php?id=58205

Iraq Among Three Countries With The Highest Tariffs Imposed By Trump

Economy | 08:39 - 01/08/2025   Mawazine News - Follow-up
US President Donald Trump signed an executive order on Thursday evening increasing tariffs on dozens of countries with which the United States considers its trade balance to be heavily tilted in their favor. The White House described the move as "restructuring global trade to benefit American workers."
According to a senior White House official, these tariffs will take effect on August 7, seven days later than originally scheduled.

The White House said in a statement that the new tariffs range from 10% to 41%, with the exception of Brazil, which was subject to tariffs of up to 50%.

Syria topped the list, with the highest tariffs imposed on it. These tariffs will apply to countries that have not reached bilateral trade agreements with the United States.

The tariffs on some Arab countries:
15% on Jordan;
25% on Tunisia;
30% on Algeria and Libya;
35% on Iraq; and
41% on Syria.

Countries that have concluded bilateral trade agreements with the United States will be subject to the tariffs stipulated in those agreements, but most countries have imposed customs duties of between 10 and 15%.

Tariffs on some other countries:
10% on British goods;
15% on the European Union, Japan, and South Korea;
25% on India;

30% on South Africa;
35% on Serbia;
39% on Switzerland;

40% on Laos; 50% on Brazil.

These additional tariffs have sparked widespread concern among companies exporting to the United States.

The same applies to Canada, where Trump increased tariffs on non-NAFTA products from 25% to 35%.
Several Asian countries heavily dependent on the US market have expressed relief that their exports will be subject to additional tariffs lower than those Trump intended to impose, such as Cambodia and Thailand, which reduced their tariffs from 36% to 19%.

Taiwan, meanwhile, has expressed hope for an agreement to reduce the 20% tariff imposed on its exports.   https://www.mawazin.net/Details.aspx?jimare=264461

Despite Global Volatility, Iraqi Oil Continues To Rise

Economy | 11:11 - 01/08/2025  Mawazine News - Baghdad -  Iraqi oil prices rose on Friday during daily trading in the global market.

According to special data, Basra Medium crude oil recorded $74.13 per barrel, while Heavy crude oil recorded $71.08 per barrel, with a change of +0.87 for both.

The data also showed global oil prices, with British Brent crude recording $71.75 per barrel, while US West Texas Intermediate crude oil recorded $69.29 per barrel, with a change of +0.03 and +0.05, respectively.    https://www.mawazin.net/Details.aspx?jimare=264466

Iraq Faces A Climate Crisis That Threatens Its Economic And Social Security.

Time: 2025/08/01 17:20:24 Reading: 105 times  {Local: Al Furat News} The head of the Strategic Center for Human Rights in Iraq, Fadel Al-Gharawi, confirmed that the last three years (2022-2024) witnessed unprecedented climate transformations in the country, negatively impacting the economy, agriculture, and energy sectors, and causing waves of displacement, poverty, and serious environmental degradation. He warned that the crisis is no longer merely environmental, but has turned into a direct threat to national security and societal stability.

Al-Gharawi said in a statement received by {Euphrates News} that “Iraq has become one of the countries most affected by climate change phenomena, ranking fifth globally, as temperatures in the central and southern governorates exceeded 50 degrees Celsius during the summers of 2023 and 2024, and continued in 2025, with drought rates recorded at the highest levels in decades.

He indicated that the rate of increase in temperatures reached 0.48 degrees Celsius per decade, which is nearly double the global average, which portends a permanent environmental disaster.”

He added, "The flow of the Tigris and Euphrates rivers has decreased by 30-40% compared to the normal average, causing a sharp decline in water resources, accelerating desertification rates, and increasing evaporation rates, which has had a direct impact on agricultural and food production."

He explained that "the agricultural sector was the most affected by rising temperatures and water scarcity, noting that 2022 witnessed a 37% decline in wheat production, a 30% decline in barley production, and a 50% decline in total production in some areas.

In 2023, 50% of farmers were forced to reduce cultivated areas or use less water, while 71% of agricultural land was threatened with complete drought in 2024, with more than 100,000 dunums of arable land lost annually due to desertification."

Al-Gharawi pointed out that "these climate phenomena have led to the displacement of thousands of families from the countryside to the cities, after they lost their sources of livelihood. He indicated that at least 130,000 people were internally displaced between 2022 and 2023, while approximately 40% of farmers completely abandoned their profession during 2024, and more than 80% of affected rural families became dependent on humanitarian aid or food loans."

He explained that "the livestock sector, particularly buffalo, has been severely affected, with the number of buffalo heads declining from 150,000 in 2015 to less than 65,000 in 2024. Sheep and cattle farming has also declined due to pasture deterioration and the rising cost of feed, impacting national food security."

He also noted that "heat waves and dust also impacted public health, with thousands of cases of heatstroke and respiratory illnesses recorded, while one dust storm in 2022 hospitalized more than 5,000 people in just two days."

Al-Gharawi called on the Iraqi government to "strengthen and follow up on the implementation of the 'Green Iraq Initiative' project, which includes planting 5 million trees to reduce desertification, establishing solar energy projects to generate 1 gigawatt of electricity, and improving irrigation techniques."

He called for the adoption of an urgent national climate adaptation strategy that includes comprehensive, funded water and agricultural plans, the launch of direct support programs for affected farmers through national agricultural emergency funds, an immediate shift to renewable energy to reduce reliance on conventional electricity and reduce emissions, and the rehabilitation of desertified lands through afforestation and rainwater harvesting projects.

He also stressed the need to integrate climate change into national economic policies, link it to financial planning and social services, and enhance international cooperation to provide long-term climate financing to help Iraq address this crisis.  LINK

 

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 8-2-25

Good Morning Dinar Recaps,

SEC Chair Atkins Urges Crypto Firms to Return to the U.S. Amid Regulatory Shift

A growing number of global crypto companies are expanding or returning to the United States as the Trump administration signals a policy pivot toward digital asset growth and onshoring.

SEC Endorses ‘Reshoring’ Strategy

In a speech delivered at the America First Policy Institute, SEC Chair Paul Atkins urged the U.S. to “reshore the crypto businesses that fled,” calling for a renewed effort to bring blockchain innovation back under U.S. jurisdiction. His remarks aligned with a broader push by the Trump administration to make the U.S. a leading global hub for digital assets.

Treasury Secretary Scott Bessent echoed the sentiment, declaring that the U.S. has entered a “golden age of crypto” and encouraging entrepreneurs to “start your companies here, launch your protocols here, and hire your workers here.”

Policy Shift Spurs Return of International Firms

Backed by political support and clearer regulatory frameworks, several international firms are re-entering or expanding within the U.S. market:

• Nexo (Bulgaria): Returned to the U.S. in April after a multi-year absence, citing improved regulatory clarity.

• Deribit (Netherlands): Exploring a U.S. entry as of early May.

• Wintermute (UK): Opened a New York office in May to increase U.S. market presence.

• OKX (Seychelles): Relaunched U.S. operations in June, establishing a new headquarters in San Jose, California.

• Bitmain (China): Announced plans to open its first U.S.-based ASIC production facility by 2026 and select a U.S. headquarters location by Q3 2025.

These moves come amid reports that other major ASIC manufacturers, including Canaan and MicroBT, are also shifting production to the United States.

U.S. Crypto Firms Expand Domestic Operations

Domestic firms are scaling up in response to state-level support and expanding regulatory certainty:

• Kraken: Relocated its global headquarters to Cheyenne, Wyoming, in June, citing the state’s crypto-friendly policies.

• MoonPay: Opened a new headquarters in New York in April and secured regulatory licenses to operate in all 50 states by June.

Conclusion

As pro-crypto reforms continue to take shape under the Trump administration, the return of global players and expansion of domestic firms suggest that the U.S. is regaining ground as a competitive destination for digital asset innovation.

@ Newshounds News™
Source: Cointelegraph    

~~~~~~~~~

SEC Expands Crypto Roundtables Nationwide, Begins August 4 in Berkeley

The U.S. Securities and Exchange Commission (SEC) is taking its crypto policy outreach on the road, launching a nationwide series of roundtables aimed at early-stage blockchain developers and startups. The initiative, titled “Crypto on the Road,” builds on spring engagements that began in Washington and marks a significant expansion of the SEC’s public engagement with the digital asset industry.

Targeting Startups Outside Washington

According to the SEC’s August 1 announcement, the roadshow is designed to connect with smaller crypto teams—specifically those with 10 or fewer employees and less than two years in operation. The outreach aims to offer direct access to SEC representatives for developers and founders operating outside the Beltway.

Hester Peirce, head of the SEC’s Crypto Task Force, emphasized the importance of hearing from a broad cross-section of stakeholders:

“The Crypto Task Force is acutely aware that any regulatory framework will have far-reaching effects, and we want to ensure that our outreach is as comprehensive as possible.”

How to Participate

Teams interested in participating can request a meeting slot by emailing crypto@sec.gov with the subject line “Crypto on the Road.” Applicants should include the city of interest, the names of one or two attendees, and a brief description of their project and team.

The SEC also plans to publish a list of participating projects to maintain transparency throughout the process.

Nationwide Schedule Runs Through December

The initial roadshow calendar includes ten stops across the country, running from August through December:

• Berkeley, CA – August 4

• Boston, MA – August 19

• Dallas, TX – September 4

• Chicago, IL – September 15

• New York, NY – September 25

• Irvine, CA – October 3

• Cleveland, OH – October 24

• Scottsdale, AZ – October 29

• New York, NY (2nd stop) – November 12

• Ann Arbor, MI – December 5

Dates are subject to change as logistics are finalized.

Building on Spring Engagements

The roadshow follows the SEC’s first Crypto Task Force roundtable, held on March 21 in Washington, D.C. That session brought together a wide spectrum of voices, from blockchain advocates to policy skeptics. The dialogue highlighted shared concerns around the lack of regulatory clarity, even as participants diverged on how best to define oversight for decentralized platforms.

Key areas of debate included:

• The relevance and limitations of the Howey Test for evaluating digital assets

• Whether token decentralization should exempt projects from securities classification

• How regulation can encourage innovation without overreach

Following the inaugural session, the SEC hosted four additional events focusing on key regulatory issues, including the role of decentralized finance (DeFi) and consumer protection.

Seeking Ground-Level Insights

By moving discussions into key regional innovation hubs, the SEC is seeking more grounded insights from smart contract developers, tokenization teams, and early-stage consumer application builders. The insights gathered during this tour will help shape future SEC guidance and rulemaking on how digital assets and blockchain-based projects are treated under federal securities law.

@ Newshounds News™
Source: CryptoSlate

~~~~~~~~~

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” Saturday Morning 8-2-2025

TNT:

Tishwash:  International oil companies return to operations in Kurdistan fields

A responsible source in the Kurdistan Regional Government revealed on Saturday that a number of international oil companies have resumed operations in the Kurdistan Region's oil fields.

The source explained that "the vital oil facilities in the Kurdistan Region were subjected to more than 22 drone attacks in various parts of the region," noting that "the investigative committee has not yet submitted its final report to Prime Minister Mohammed Shia al-Sudani."

He added, "The region will bear the responsibility of compensating companies for the quantities allocated for local consumption."

He continued, "The region is preparing to deliver the ready quantities of crude oil produced by foreign companies that have gradually returned to operating in the region to the State Oil Marketing Organization (SOMO) for export via the Turkish port of Ceyhan, stressing that this step reflects the regional government's commitment to a joint understanding with the federal government to regulate the export file and protect oil investments." link

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Tishwash:  China Petroleum Engineering wins bid for massive offshore pipeline project in Iraq

China Petroleum Engineering Corporation (CPEC), a subsidiary of the China National Petroleum Corporation (CNPC), announced it has won a bid for a major offshore pipeline project in Iraq. The project is expected to be worth approximately $2.5 billion.

This project represents an important step towards strengthening Iraq's oil export infrastructure, particularly its offshore component, which will contribute to increasing the country's capacity to pump and export crude oil.

According to economic websites, a Chinese company's winning of this massive bid confirms the growing role of Chinese companies in the global oil and energy sector, particularly in the Middle East and Iraq.

This major investment reflects China's commitment to securing and diversifying its energy sources, as Iraq is one of the world's largest oil producers and a major supplier to China.

The project is expected to contribute to the creation of significant job opportunities, both directly and indirectly, during the construction and operation phases.

This pipeline could also contribute to increasing Iraq's oil export revenues, which is vital for the country's economy, which is heavily dependent on oil revenues.

This project is another example of the growing economic cooperation between Iraq and China, which includes many sectors, particularly energy and infrastructure.  link

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

Tishwash:  Iraqis do not trust banks. More than 90% of the money supply is outside the banking system.

The relationship between Iraqi citizens and banks, both governmental and private, remains isolated or nearly severed, especially when it comes to depositing money with these banks. Citizens view these banks as deep wells that hide their money beneath the routine of lengthy transactions, while they see the rooms and closets of their homes as the safest places for their cash. 

Citizen Wajdan Saleh is one of those people. She is afraid to deposit her money in Iraqi banks and prefers to keep it at home, citing her fear that the banks will not easily return her money if she needs it. 

"I once deposited 5 million dinars in a government bank, and when I went to withdraw it after a long period of time, they asked me to follow impossible procedures that took more than a week," Wajdan told Shafaq News Agency.

Wajdan added that since then she has not deposited any money, even the remittances she receives from relatives outside Iraq, which she receives immediately upon arrival.

"The lack of trust between citizens and banks has led to citizens hoarding their money at home and not depositing it in banks, which has significantly impacted the monetary aggregate," MP Mustafa Al-Karawi asserted. He added, "The issue of developing the banking sector and merging banks has been raised repeatedly in parliament, and the primary reason behind this is the loss of confidence citizens have had in the banking system in Iraq."

Speaking to Shafaq News, Al-Karawi explained that this problem stems from long-standing issues related to weak electronic and banking accounting systems, which has made citizens reluctant to use them and prefer to withdraw their full salaries as soon as they are deposited into the card, leaving no balance.

He points out that the absence of modern banking systems has led people to refrain from depositing and saving in banks, which prompts many to hoard their money at home, which in turn leads to economic stagnation and reduces the amount of liquidity circulating in the market.

Al-Karawi calls for raising citizens' awareness and banking culture, as well as for government and commercial institutions and the private sector to adopt e-commerce transactions, as a key path to stimulating economic activity.

He concluded by saying that deposits in banks not only provide financial security for citizens, but also enable banks to provide development services such as loans and advances, which contribute to stimulating the market and achieving the desired economic growth.

Economist Dr. Ali Daadoush told Shafaq News Agency, "The phenomenon of hoarding money amounts to 92% of the monetary mass outside the banking system. It represents a fundamental challenge to the monetary and financial structure in Iraq and is one of the most prominent manifestations of the structural fragility of the monetary economy." He emphasized that "this phenomenon is complex and has behavioral, institutional, and economic dimensions."

He adds, "The culture of hoarding is not a new phenomenon. It is an extension of decades of political and economic instability, from blockades to sanctions, from a lack of security to fragile institutions. During these periods, the idea that paper money in your pocket is better than money in the bank became ingrained in the Iraqi mindset. However, this culture did not remain within the framework of individual behavior alone, but rather transformed into a general phenomenon, stifling the economic cycle and weakening the ability of banks to perform their vital functions, from financing to investment, from oversight to the activation of monetary instruments."

Daadoush points out that "the majority of those who hoard cash are individuals, particularly in small towns, rural areas, and areas not covered by banking services. This is due to a lack of trust in banks, a result of past experiences of bankruptcy, seizure, or corruption, and the absence of a culture of financial inclusion in the educational and media systems."

Daadoush points to "the difficulty of banking procedures, the lack of widespread branch presence, and the decline in digital banking services, which push people to cling to cash as an easier means of payment."

According to experts, this phenomenon has many negative aspects, including the central bank losing effective control over the money supply, and its tools, such as interest rates and rediscounting, becoming less effective. Meanwhile, banks suffer from a liquidity crunch, which weakens their ability to finance projects and pushes investors toward informal financing. Furthermore, managing inflation due to the unofficial money supply negatively impacts the central bank's decisions in achieving its primary objective of controlling the general price level and achieving stability.

Citizen Abdul Ali Alwan told Shafaq News Agency, "The procedures for opening a bank account require official identification documents and an amount not exceeding $100. This is normal, but the problem becomes more complicated if we are asked to withdraw part of the deposited amount."

He added, "Routine procedures hinder the withdrawal process and take more than a week."

Due to the instability and the closure of some private banks due to external sanctions, some people refuse to deposit money in these banks.

Contractor Abdul Zahra Fadel explains, "There are often times when there is a quick and urgent need for money, but banking procedures stand in the way. Some private banks are subject to sanctions that require them to shut down for a period of time, and then we face numerous problems."

He pointed out in an interview with Shafaq News Agency: "When a citizen opens a bank account in hard currency, the money transferred to him through the bank is not disbursed in the same currency," noting that "the money transfer is also not delivered at the parallel rate under the pretext that the account opened with the bank is in hard currency, and another account must be opened in local currency in order to withdraw the transfer."

He asserts that "banks in Baghdad adopt complex and often unreasonable procedures that place customers in prolonged suffering. This is completely different from the banks in the region, which enjoy ease and transparency in all their banking transactions."

Ultimately, the Iraqi government must improve the administrative performance of banks and increase citizen confidence in the banking system by facilitating the procedures for withdrawing and depositing funds.  link

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