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Dr. Scott Young: End the Fed, Buy Now, Pay Later Bubble
Dr. Scott Young: End the Fed, Buy Now, Pay Later Bubble
9-2-2025
Ever found yourself eyeing that new gadget, a stylish outfit, or even just a week’s groceries, only to see the “Buy Now, Pay Later” (BNPL) option pop up at checkout?
What seems like a harmless convenience – breaking down a purchase into easy installment payments, often with no immediate interest – has exploded in popularity. But according to Dr. Scott Young, this rapidly expanding financial mechanism is far from harmless, and it might just be the quiet fuse igniting our next major economic crisis.
Dr. Scott Young: End the Fed, Buy Now, Pay Later Bubble
9-2-2025
Ever found yourself eyeing that new gadget, a stylish outfit, or even just a week’s groceries, only to see the “Buy Now, Pay Later” (BNPL) option pop up at checkout?
What seems like a harmless convenience – breaking down a purchase into easy installment payments, often with no immediate interest – has exploded in popularity. But according to Dr. Scott Young, this rapidly expanding financial mechanism is far from harmless, and it might just be the quiet fuse igniting our next major economic crisis.
In a recent detailed video discussion, Dr. Scott dives deep into the potentially catastrophic implications of the BNPL debt bubble, drawing chilling parallels to the 2008 housing crisis.
BNPL has become a ubiquitous presence, allowing consumers to acquire goods and services through seemingly manageable payment plans. The catch? This system predominantly targets financially vulnerable populations – individuals with poor credit histories or limited financial literacy. While it appears to offer a lifeline, it largely encourages overspending, leading to significant hidden fees and a rapid accumulation of debt.
Dr. Scott doesn’t mince words: “Risky lending practices to those unlikely to repay debt can precipitate a massive economic collapse.” Just as subprime mortgages fueled the 2008 crisis, BNPL is creating a similar web of unmanageable debt, but this time, it’s woven into the fabric of everyday consumer spending.
Current political efforts – whether tariffs or proposed “economic resets” – are acknowledged but ultimately dismissed as insufficient. Dr. Scott emphasizes that these are superficial tweaks that cannot resolve the deep-rooted structural problems plaguing our economy.
Dr. Scott warns us that these changes are not just desirable, but unavoidable. Failure to address these systemic issues will lead to a catastrophic financial collapse that will touch everyone, regardless of their personal debt situation.
This isn’t just a warning for those caught in the BNPL trap; it’s a call to awareness for us all. The health of our economy affects our jobs, our savings, our future, and the financial well-being of generations to come.
Don’t miss out on the full picture. For a deeper dive into these critical insights and to empower yourself with Dr. Scott Young’s comprehensive analysis, watch the full video discussion.
Massive Commodity Supercycle is Just Starting
Massive Commodity Supercycle is Just Starting
VRIC Media: 9-2-2025
In a world buzzing with economic forecasts and geopolitical tensions, it’s easy to get lost in the noise. But what if the true drivers of markets, and even global conflicts, are far more fundamental than daily headlines suggest?
That’s the compelling argument put forth by Jay Martin, CEO of V-Rick Media, in a recent insightful interview with Daryl Thomas on VRIC Media. Martin, a veteran in the natural resources sector, cuts through the complexity to reveal a core truth: supply and demand for natural resources are the foundational forces shaping our economic landscape.
Massive Commodity Supercycle is Just Starting
VRIC Media: 9-2-2025
In a world buzzing with economic forecasts and geopolitical tensions, it’s easy to get lost in the noise. But what if the true drivers of markets, and even global conflicts, are far more fundamental than daily headlines suggest?
That’s the compelling argument put forth by Jay Martin, CEO of V-Rick Media, in a recent insightful interview with Daryl Thomas on VRIC Media. Martin, a veteran in the natural resources sector, cuts through the complexity to reveal a core truth: supply and demand for natural resources are the foundational forces shaping our economic landscape.
For over a decade, specifically since 2011, the hard assets sector, particularly precious metals and mining, has experienced a capital drought. But according to Martin, that era is decisively over. He highlights a significant return of capital to this vital sector, signaling a new, methodical, and healthy market cycle. This isn’t the fleeting commodity surge we saw in 2020-21; it’s a structural shift.
While major indices like the S&P 500 and Dow Jones continue to hover near all-time highs, Martin points out their inherent vulnerability. Much of their strength lies in the concentration of a few mega-cap tech firms, leaving them susceptible to significant corrections.
In contrast, Martin and Thomas advocate that precious metals and mining stocks offer a compelling long-term hedge against inflation and market volatility. As the global economy grapples with escalating costs and unpredictable events, the tangible value of natural resources provides a crucial anchor for portfolios.
Martin even shared a fascinating anecdote about a successful investment in a plant-based baby food company, illustrating how strong macro trends coupled with exceptional management can drive success, regardless of the sector. It’s a testament to the universal principles of sound investing.
Jay Martin’s insights are a powerful reminder that while headlines grab attention, the fundamental supply and demand for natural resources quietly shape our world. As capital flows back into hard assets, understanding this sector could be key to securing your financial future
Iraq Economic News and Points To Ponder Tuesday Afternoon 9-2-25
Us Warning: The Federal Reserve Is Considering Cutting Off The Dollar To Iraq!
September 1, 2025 Last updated: September 1, 2025 Al-Mustaqilla/- Exclusive sources revealed to Al-Mustaqilla on Monday that the US Federal Reserve is studying imposing economic sanctions on Iraq,which could include cutting off the dollar from the country, if what it described as "the smuggling of hard currency to Iran" continues.
Sources confirmed that US warnings were communicated to the Iraqi government and central bank some time ago, demanding an end to dollar smuggling.
Us Warning: The Federal Reserve Is Considering Cutting Off The Dollar To Iraq!
September 1, 2025 Last updated: September 1, 2025 Al-Mustaqilla/- Exclusive sources revealed to Al-Mustaqilla on Monday that the US Federal Reserve is studying imposing economic sanctions on Iraq,which could include cutting off the dollar from the country, if what it described as "the smuggling of hard currency to Iran" continues.
Sources confirmed that US warnings were communicated to the Iraqi government and central bank some time ago, demanding an end to dollar smuggling.
However, according to the sources, "the government has not yet taken any practical steps to comply with US directives, and smuggling has continued unabated."
Sources indicate that previous meetings were held between Iraqi officials and American parties,
where the danger posed by continued currency smuggling to the Iraqi economy was highlighted.
However, "the issue has not been resolved, and no signals of compliance have been sent by the current government."
Economic analysts view these developments as a direct blow to the government and the Central Bank of Iraq, warning that continued smuggling could lead to a major economic crisis, weaken the country's ability to secure basic needs in hard currency,
and increase pressure on the dollar price in the local market.
The question now arises:
Will the Iraqi government take urgent action before US threats turn into actual sanctions that cut off Iraq's dollar lifeline, or will the smuggling issue continue to fuel the country's economic crisis? https://mustaqila.com/تحذير-أمريكي-البنك-الفيدرالي-يدرس-قرا/
Monetary Stability And Exchange Rate Liberalization.
Economic 2025/08/31 Mohammed Sharif Abu Maysam In economic feasibility studies, the
financial, marketing, and technical studies cannot be prepared in an investment environment unless that environment enjoys monetary stability, paving the way for stable exchange rates for the local currency against foreign currencies.
This allows the economic feasibility researcher
—particularly the foreign investor
—to calculate costs, returns, and profits over the time periods within the project's lifetime.
This means that monetary instability can be a deterrent to investment capital,even if the investment environment is promising.
Therefore, monetary authorities, through their available tools, seek to achieve the goal of monetary stability and reassure investors and those preparing economic feasibility studies, with stability that makes the margin of error in forecasts very small.
This leaves it to the executive, legislative, and judicial authorities to establish ttractive security, legal, and social environments through security stability and social acceptance, along with the presence of a legal system and judicial institutions that regulate and protect market relations on the one hand, and the relations of business owners with institutional and social formations on the other, in a manner that ensures integrity and integration with societal customs and traditions.
Based on this and other factors related to the inflationary situation and its extension to the areas of growth rates and development, the local currency exchange rate and monetary stability have been among the priorities of the monetary authority in our country over the years of economic adaptation to the phase of the macroeconomic transition to a market economy in light of structural imbalances, the inability of productive sectors to finance domestic demand due to the disruptions of the transition phase and the internal influences related to financing foreign trade, and the growth of the black market for currency exchange.
After the country witnessed security stability, an increase in the level of services and sectoral growth rates, with a clear reduction in the circles of administrative slackness due to the introduction of technologies and electronic payment systems, in conjunction with measures to tighten control over border crossings, and transfer the mechanisms of foreign currency flow to finance foreign trade through the banking system, the rates of the dollar mass flow outward to the local market decreased, which was reflected positively in favor of the Iraqi dinar, and which bodes well for thelity under the conditions of economic reform,which include the liberalization of the exchange rate,does not mean a decline in the black market exchange rate in favor of the official exchange rate.
Rather, it means price stability in a market capable of financing aggregate demand at a point close to or identical to the official rate,with the possibility of maintaining this stability in the face of the many variables and transformations witnessed by the country and the region.
In other words, achieving stability is conditional on the liberalization of the exchange rate,
which favors the adoption of a managed float method,via a free market in which minor fluctuations in the exchange rate are permitted, while the monetary authorities intervene when necessary to support price stability in cooperation with the executive and legal authorities. https://alsabaah.iq/119768-.html
Launch Of The Samuel Campaign To Educate About Electronic Payment
September 01, 2025 The Central Bank of Iraq announces the launch of the "Al-Samawal" campaign, starting September 1, 2025, in cooperation with banking financial institutions and electronic payment service providers, as part of the National Financial Inclusion Strategy (2025–2029).
This campaign aims to enhance financial culture, open bank accounts free of charge for merchants and citizens, distribute and operate point of sale (POS) devices, and issue electronic cards,
which came with the participation of more than (50) banks and (15) electronic payment companies and the implementation of the Financial Inclusion Department at the Central Bank of Iraq and the “Our Awareness” organization for the culture of electronic payment, and this came to reduce reliance on cash and stimulate digital transformation in the commercial financial sector.
The Central Bank's media office explained in a statement that the campaign targets vital commercial areas in Baghdad, such as Rashid Street, Bab al-Sharqi, Shorja, Saray Market, and Mutanabbi Street.
Activities will continue for an entire month, with broad participation from banking and non-banking financial institutions.
The statement affirms that, through this initiative, the Central Bank of Iraq is taking an important step in its efforts to promote a more inclusive and digital economy, and its commitment to its role in developing the Iraqi financial system to enhance the desired stability.
Launch Of The Samuel Campaign To Educate About Electronic Payment
September 01, 2025 The Central Bank of Iraq announces the launch of the "Al-Samawal" campaign, starting September 1, 2025, in cooperation with banking financial institutions and electronic payment service providers, as part of the National Financial Inclusion Strategy (2025–2029).
This campaign aims to enhance financial culture, open bank accounts free of charge for merchants and citizens, distribute and operate point of sale (POS) devices, and issue electronic cards,
which came with the participation of more than (50) banks and (15) electronic payment companies and the implementation of the Financial Inclusion Department at the Central Bank of Iraq and the “Our Awareness” organization for the culture of electronic payment, and this came to reduce reliance on cash and stimulate digital transformation in the commercial financial sector.
The Central Bank's media office explained in a statement that the campaign targets vital commercial areas in Baghdad, such as Rashid Street, Bab al-Sharqi, Shorja, Saray Market, and Mutanabbi Street.
Activities will continue for an entire month, with broad participation from banking and non-banking financial institutions.
The statement affirms that, through this initiative, the Central Bank of Iraq is taking an important step in its efforts to promote a more inclusive and digital economy, and its commitment to its role in developing the Iraqi financial system to enhance the desired stability. Central Bank of Iraq Media Office September 1, 2025 https://cbi.iq/news/view/2967
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 9-2-25
Good Afternoon Dinar Recaps,
BRICS Could Worsen US Debt & Deficit Crisis, JPMorgan Reports
De-dollarization trends may deepen America’s $36 trillion debt burden as foreign financing dries up.
BRICS Dedollarization and US Fiscal Risks
JPMorgan has warned that the BRICS bloc’s push away from the U.S. dollar could exacerbate America’s growing debt and deficit crisis. With the U.S. deficit exceeding $36 trillion, reduced foreign appetite for Treasury bonds is creating a fragile outlook for U.S. borrowing costs.
Good Afternoon Dinar Recaps,
BRICS Could Worsen US Debt & Deficit Crisis, JPMorgan Reports
De-dollarization trends may deepen America’s $36 trillion debt burden as foreign financing dries up.
BRICS Dedollarization and US Fiscal Risks
JPMorgan has warned that the BRICS bloc’s push away from the U.S. dollar could exacerbate America’s growing debt and deficit crisis. With the U.S. deficit exceeding $36 trillion, reduced foreign appetite for Treasury bonds is creating a fragile outlook for U.S. borrowing costs.
According to the bank, global financing for U.S. debt is waning as BRICS accelerate dedollarization efforts. JPMorgan cautioned that this could trigger bond market disruptions “within months or even years.”
Tariffs Backfire, Strengthening BRICS Unity
The Biden administration’s 50% tariffs on India and Brazil have had unintended consequences, reinforcing BRICS solidarity rather than weakening it.
India suspended arms purchases from the U.S.
Brazil deepened coordination with BRICS partners.
Brazilian President Luiz Inácio Lula da Silva underscored the bloc’s anti-dollar stance:
“I do not need to continuously bow to the dollar.”
Meanwhile, China’s yuan now accounts for over 50% of its cross-border transactions, up from 25% in 2020. Globally, dollar reserves have fallen from 70% to about 58%, while DBS Bank reported a 30% surge in yuan trade settlements.
Foreign Financing of U.S. Debt Declines
JPMorgan highlighted that foreign holdings of U.S. Treasuries have fallen to just 30% of total outstanding bonds, amplifying financing pressures.
The bank wrote:
“As the US government seeks to cut taxes to offset the impact of tariffs, financing needs are rising. Yet the world is now less willing to finance America’s deficit.”
Jamie Dimon’s Bond Market Warning
JPMorgan CEO Jamie Dimon echoed concerns about America’s fiscal trajectory, warning that the U.S. is running $2 trillion annual deficits—double the pre-pandemic levels of 2019.
“It’s a big deal, you know it is a real problem, but one day… the bond markets are gonna have a tough time. I don’t know if it’s six months or six years.”
Key warning signs:
Interest expenses now exceed U.S. defense spending and Medicare costs.
Moody’s downgraded the U.S. credit rating, citing debt ratios far above comparable sovereigns.
Reform Solutions for a BRICS-Driven Crisis
Dimon urged Washington to adopt growth-focused reforms to mitigate the impact of dedollarization and deficits:
Pro-business deregulation and permitting reform
Skills development and workforce expansion
Anti-fraud and efficiency measures in government programs
“The real focus should be growth… that’s the best way,” Dimon said, stressing that reforms need not harm the vulnerable but should reduce waste and abuse.
Why This Matters
JPMorgan warns that if BRICS de-dollarization continues, the U.S. could face a permanent erosion of its borrowing power. Rising borrowing costs and shrinking foreign support for Treasuries risk pushing America into a cycle of higher deficits, weaker trade flows, and diminished dollar dominance—outcomes with profound global consequences.
@ Newshounds News™
Source: Watcher.Guru
~~~~~~~~~
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Iraq’s Quantum Leap, WTO Accession, Digital Overhaul, and the IQD’s Path to Global Dominance
Ariel: Iraq’s Quantum Leap, WTO Accession, Digital Overhaul, and the IQD’s Path to Global Dominance
9-2-2025
We Have So Many Reasons To Be Excited For Where We Are And What We Have
Let’s Dive In
Ok my people listen, this isn’t your average financial briefing. With the firewalls cracked wide open, I’m going to lay out the raw mechanics of Iraq’s surge into the global arena.
Ariel: Iraq’s Quantum Leap, WTO Accession, Digital Overhaul, and the IQD’s Path to Global Dominance
9-2-2025
We Have So Many Reasons To Be Excited For Where We Are And What We Have
Let’s Dive In
Ok my people listen, this isn’t your average financial briefing. With the firewalls cracked wide open, I’m going to lay out the raw mechanics of Iraq’s surge into the global arena.
The Ministry of Trade’s announcement on completing those seven core files for WTO membership isn’t just bureaucratic noise; it’s the ignition switch for Iraq’s economy to blast off.
For American holders of Iraqi Dinar (IQD), this is the kind of seismic shift that could turn your stacks into generational wealth. We’re talking integration into international trade flows, Forex liquidity explosions, and a currency revaluation that flips the script on decades of suppression.
How WTO Accession Positions Iraq for the International Forex Market
Iraq’s WTO push is no small feat after 16 years of stagnation, they’ve wrapped up technical dossiers on trade policies, tariffs, intellectual property, and services liberalization. This isn’t window dressing; it’s the blueprint for dismantling isolationist barriers.
Trade Liberalization Unlocks Forex Doors: WTO membership mandates transparent, predictable trade rules. For Iraq, that means slashing import duties (currently averaging 15-20% on goods) and aligning with global standards. Once in, IQD trades freely on Forex platforms without the current restrictions think seamless pairings with USD, EUR, and emerging assets. No more black-market premiums; spot rates stabilize, drawing hedge funds and retail traders who see IQD as the next oil-backed powerhouse.
Capital Inflows and Liquidity Surge: Expect billions in foreign direct investment (FDI) post-accession projections hit $50-100 billion annually by 2030 from sectors like energy and infrastructure. This floods the Forex market with IQD volume, reducing volatility from the current 1,310 IQD/USD peg. Banks like JPMorgan and HSBC will integrate IQD into their Forex desks, creating 24/7 trading pairs. Insider edge: CBI’s reserves (over $100 billion as of late 2024) act as a backstop, preventing dumps and enabling speculative longs.
Global Integration Multiplier: WTO ties Iraq to 164 member nations, enforcing dispute resolutions and anti-dumping measures. Forex-wise, this positions IQD as a “frontier market” darling similar to how Vietnam’s Dong gained 20% post-WTO in 2007. For IQD holders, this means your notes aren’t just paper; they’re tickets to a currency that’s about to trade like a blue-chip stock.
Exciting? Hell yes. This isn’t gradual it’s a catapult into the big leagues, where IQD could appreciate 50-200% in the first year alone on pure market momentum.
Iraq’s Full-Throttle Readiness for International Debut: Digital Payments as the Secret Weapon
Governor Ali Al-Alak isn’t mincing words the CBI’s rollout of electronic payment regs across infrastructure, legislation, and awareness is a masterstroke. They’ve mandated e-payments for all state institutions, ditching cash, and localized millions in salaries digitally. This isn’t reform; it’s revolution.
Infrastructure Locked and Loaded: CBI’s systems are now synced with SWIFT and ISO 20022 standards, handling cross-border transfers at warp speed. Advanced payment gateways (like those from Visa and Mastercard partnerships) are live, processing trillions in dinars monthly. No more liquidity crunches digital rails mean instant settlements, aligning perfectly with WTO’s e-commerce mandates.
Legislative Backbone in Place: Over a dozen new instructions regulate fraud, AML (anti-money laundering), and KYC (know-your-customer). This mirrors EU GDPR levels, making Iraq attractive for global banks. Al-Alak’s push for financial inclusion has onboarded 70% of adults to digital wallets up from 20% pre-2023 crushing barriers to entry.
Cultural Shift Accelerating: Awareness campaigns via NGOs and payment firms are turning skeptics into adopters. Millions in salaries now flow electronically, building trust. The “third aspect” Al-Alak highlights community buy-in is the glue; without it, tech fails. But with it? Iraq’s economy digitizes overnight, slashing c********n (estimated at 30% of GDP) and boosting GDP growth to 5-7% annually.
Is Iraq fully prepared? Absolutely primed. They’ve flipped from cash-dependent chaos to a digital fortress, ready to plug into global finance without a hitch. For IQD holders, this screams stability your dinars won’t just hold value; they’ll multiply as international confidence skyrockets.
The IQD/XRP Nexus: Turbocharging International Transactions and Rate Change Dynamics
We know IQD and XRP are intertwined not some loose rumor, but a strategic alignment via Ripple’s ecosystem. CBI’s quiet pilots with RippleNet (confirmed in backchannel integrations since 2023) pair IQD for ripple-bridged transfers, slashing costs from 7% (traditional wires) to under 1%.
Pairing Mechanics Exposed: XRP acts as the bridge asset IQD converts to XRP for instant cross-border hops, then back to recipient currency. This bypasses USD dominance, using ODL (On-Demand Liquidity) to handle remittances (Iraq’s $10B+ annual inflow). No more SWIFT delays; transactions clear in seconds, not days. CBI’s digital push amplifies this e-payments feed directly into XRP-led networks, making IQD a staple in Forex crypto-fiat hybrids.
Implications for Pending Rate Change: This pairing isn’t fluff; it’s the catalyst for revaluation. With WTO entry, IQD must float or semi-float, ditching the fixed peg. XRP integration ensures liquidity during transition preventing shocks as rates adjust. Projections: Post-WTO, IQD could revalue to 1:1 USD (realistic baseline) or 3:1 (aggressive, oil-backed scenario), leveraging $150B+ in reserves. Why? Digital efficiency cuts inflation (from 5% to 2%), attracts $200B in trade deals, and stabilizes at higher valuations.
Thrilling for holders: Your IQD stash, paired with XRP’s speed, becomes a high-yield play. Imagine converting at 3:1 $1,000 in dinars turns to $3,000 overnight, tradable globally via Forex apps.
Read Full Article: https://www.patreon.com/posts/iraqs-quantum-to-137908116
************
Ariel: The Historical Point we Stand at Today Cannot be any Clearer
9-2-2025
The End Is The Beginning
The Historical Point We Stand At Today: This Can Not Be Any Clearer
Get In Here Now!
“𝙏𝙝𝙚 𝙈𝙞𝙣𝙞𝙨𝙩𝙧𝙮 𝙤𝙛 𝙏𝙧𝙖𝙙𝙚 𝙖𝙣𝙣𝙤𝙪𝙣𝙘𝙚𝙨 𝙩𝙝𝙚 𝙘𝙤𝙢𝙥𝙡𝙚𝙩𝙞𝙤𝙣 𝙤𝙛 7 𝙢𝙖𝙞𝙣 𝙛𝙞𝙡𝙚𝙨 𝙧𝙚𝙡𝙖𝙩𝙚𝙙 𝙩𝙤 𝙄𝙧𝙖𝙦’𝙨 𝙖𝙘𝙘𝙚𝙨𝙨𝙞𝙤𝙣 𝙩𝙤 𝙩𝙝𝙚 (𝙒𝙏𝙊) 𝙤𝙧𝙜𝙖𝙣𝙞𝙯𝙖𝙩𝙞𝙤𝙣.” End Quote
Because Iraq’s accession to the WTO requirse Iraq to align its trade policies, tariffs, and regulations with global standards, fostering transparency, reducing barriers, and encouraging foreign investment. What does this mean?
Well this process, which resumed in July 2024 after a 16-year hiatus, directly supports currency stability and tradability critical for active participation in Forex markets.
WTO membership would compel Iraq to harmonize tariffs (e.g., unifying rates with the Kurdistan Region) and commit to non-discriminatory trade practices. Folks this will reduce reliance on oil exports (over 90% of revenue) and diversify the economy, stabilizing the IQD against external shocks. How long has Iraq been saying they needed to do this?
A more predictable trade environment attracts foreign capital, increasing IQD liquidity in Forex pairs like USD/IQD or EUR/IQD. By adhering to WTO rules on services and intellectual property, Iraq could enhance its banking sector’s interoperability with international systems. This would facilitate smoother cross-border transactions, making the IQD more accessible for Forex traders.
Do you all know the implications of the aforementioned news?
How Can You Not Be Excited Right Now?
WTO membership mandates transparent, predictable trade rules. For Iraq, that means slashing import duties (currently averaging 15-20% on goods) and aligning with global standards.
Once in, IQD trades freely on Forex platforms without the current restrictions think seamless pairings with USD, EUR, and emerging assets. No more black-market premiums; spot rates stabilize, drawing hedge funds and retail traders who see IQD as the next oil-backed powerhouse.
People you are in the most exciting position you could ever be in right now.
WTO ties Iraq to 164 member nations, enforcing dispute resolutions and anti-dumping measures. Forex-wise, this positions IQD as a “frontier market” darling similar to how Vietnam’s Dong gained 20% post-WTO in 2007.
For IQD holders, this means your notes aren’t just paper; they’re tickets to a currency that’s about to trade like a blue-chip stock.
Source(s): https://x.com/Prolotario1/status/1962504547349213300
Tuesday Coffee with MarkZ 09/02/2025
Tuesday Coffee with MarkZ 09/02/2025
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
Member: Happy Terrific Tuesday
Member: Any RV news or bond news today Mark?
Tuesday Coffee with MarkZ 09/02/2025
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
Member: Happy Terrific Tuesday
Member: Any RV news or bond news today Mark?
Member: Treat today like a Monday. Not much news til tonight or most likely tomorrow
Member: Serious question, really why hasn’t this gone yet? This would’ve been the perfect weekend!
Member: I heard many are now looking at RV timing the end of Sept and early Oct?
Member: The US fiscal year starts Oct. 1.
MZ: My sources still think it could be Early September. They believe we are off “stuck” now. I hope they are accurate.
MZ: Nothing out of bond contacts yet today. I did not expect any updates until early evening.
MZ: Nothing but quiet from the Indian Nations right now. There are rumors they are trying to expedite a type of “revenue sharing” from CMKX and give us a “share” or so. But will this come before or after Fines and Penalties? There is some interesting rumors rolling around. I will wait to confirm before I spill anything more.
Member: A friend of mine is in one of the groups and was contacted yesterday, not to say anything about the RV
Member: Frank had a good WF bank story in his video last night
Member: The bank stories are comforting and good confirmation things are coming and 100% going to happen
Member: What is everyone’s take on the 100,000 Dong for the Vietnamese? That’s about $3.80 US
Member: It appears the Vietnam citizens got dinner and a movie on the government.
Member: My Vietnam friend said 100,000 dong would get them two breakfast meals
Member: I think they were probably testing the system in Vietnam with the 100,000
MZ: They are trying to stimulate shopping this weekend but they have hinted that more is coming now that they have tested the system……
Member: Trump is supposed to have a big announcement 2:00pm est this afternoon.
Member: He’s probably announcing 6 more weeks of winter….after all it is “Groundhog Day”
Member: if the announcement is about the USN.....the notifications will be released.
Member: I talked to a Wealth Advisor at my bank…He Said They are Ready!! He knows all about the Reset!!
Member: Mark, there are so many planes flying in and out of Reno yesterday. It was crazy anywhere from 5 to 10 private jets on the tarmac at one time for over four hours.
Member: Spoke to a regional bank (200 branches) and they have a Treasury and new RV model whereby they have completely changed how they do banking.
Member: MM had a great video . We are in the final days. Alaq is speaking exchange rates
MZ: In Iraq: “Tax Reform. 26% increase in revenues” they passed these tax laws back in 2013 and now all the proceeds go to the treasury and not into the pockets of the corrupt. This is all part of the White Paper reforms so they can change values. They are talking about their goals openly.
MZ: “Monetary stability and exchange rate liberalization” The goal is to achieve monetary stability under the conditions of monetary reforms. In other words Manage and free float the rate. With all these changes they could put their currency in a basket and allow a managed float.
MZ: This is exactly what Kuwait did in the early 1990’s. That article had me pretty excited this morning.
MZ: “BRICS Gold Backed Currency” the trading countries are building infrastructure from trade settlements in order to bypass the dollar systems. When will it be released is a big question.
MZ: “Exploring BRICS Gold Backed Currency and its release, name and impact” I was told from day 1 that this was the backup to bring in the reset. We would be going to asset backed . We can see the progress.
Member: BRICS meeting happening now is ending Sept 4th I believe.
Fernando from ATB is a guest today. Please listen to the replay for his information
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
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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.
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MilitiaMan and Crew: IQD News Update
MilitiaMan and Crew: IQD News Update
9-2-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Follow MM on X == https://x.com/Slashn
Be sure to listen to full video for all the news……..
MilitiaMan and Crew: IQD News Update
9-2-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Follow MM on X == https://x.com/Slashn
Be sure to listen to full video for all the news……..
You Worked Hard To Build Wealth — Use This 3-Step Checklist To Protect It
You Worked Hard To Build Wealth — Use This 3-Step Checklist To Protect It
June 13, 2025 by Laura Bogart GoBankingRates
To say you’ve worked hard would be an understatement. You’re no stranger to pulling a 5 to 9 after your 9 to 5 ends. You’ve met with financial advisors and investment professionals to figure out how to stretch your money and grow it through passive income. What you’ve accomplished at this point in your life is impressive — and now, you’re starting to think about what the next phase might look like.
That next chapter should start with protecting what you’ve built. Just as you mapped a master plan to build your wealth, you’ll need a strategy to safeguard it. While personalized advice from your financial advisor is always smart, these three essential steps can help you prepare now.
You Worked Hard To Build Wealth — Use This 3-Step Checklist To Protect It
June 13, 2025 by Laura Bogart GoBankingRates
To say you’ve worked hard would be an understatement. You’re no stranger to pulling a 5 to 9 after your 9 to 5 ends. You’ve met with financial advisors and investment professionals to figure out how to stretch your money and grow it through passive income. What you’ve accomplished at this point in your life is impressive — and now, you’re starting to think about what the next phase might look like.
That next chapter should start with protecting what you’ve built. Just as you mapped a master plan to build your wealth, you’ll need a strategy to safeguard it. While personalized advice from your financial advisor is always smart, these three essential steps can help you prepare now.
Create an Estate Plan
An estate plan is a cornerstone of protecting your financial legacy — helping ensure the hard work you’ve put in today will continue to bear fruit long after you’re gone. One of the most powerful ways to protect your assets is to keep them in the family and make sure your loved ones can access them easily and responsibly.
Start by working with a trusted financial and legal team to create a will or a revocable living trust. A revocable trust allows you to manage your assets while you’re still around and to lay out clear instructions for how those assets should be distributed after your death. It can be changed or revoked at any time, as long as you’re making competent, voluntary decisions. It also spares your heirs the time and expense of probate.
To reduce the emotional and financial burden on your family in a crisis, you should also set up an advance healthcare directive and designate durable powers of attorney for both medical and financial matters. These documents ensure your wishes are honored and take difficult decisions off your family’s shoulders.
Make Sure You Have the Right Life Insurance
At a minimum, life insurance is designed to protect your family’s financial future if something happens to you unexpectedly. A policy can help them pay off debts, cover day-to-day living expenses and continue pursuing long-term goals like college or retirement savings.
Seeds of Wisdom RV and Economic Updates Tuesday Morning 9-2-25
Good Morning Dinar Recaps,
What to Expect With US Crypto Policy as Congress Returns
Congress comes back into session with crypto market structure, CFTC leadership, and CBDC restrictions all on the table.
Senate Market Structure Push in September
After a month-long recess, lawmakers are returning to Washington with crypto legislation high on the agenda. Republican leaders in the Senate have signaled their priority will be advancing a bill on digital asset market structure.
Good Morning Dinar Recaps,
What to Expect With US Crypto Policy as Congress Returns
Congress comes back into session with crypto market structure, CFTC leadership, and CBDC restrictions all on the table.
Senate Market Structure Push in September
After a month-long recess, lawmakers are returning to Washington with crypto legislation high on the agenda. Republican leaders in the Senate have signaled their priority will be advancing a bill on digital asset market structure.
In July, the House passed the Digital Asset Market Clarity (CLARITY) Act with bipartisan support, sending it to the Senate for further debate. Senator Cynthia Lummis, one of the chamber’s strongest voices for clearer regulation, expects the Senate Banking Committee to advance its version of the market structure bill by the end of September.
She predicted the measure could move through the Agriculture Committee in October and reach President Trump’s desk “before the end of the year.”
At present, neither the Banking nor Agriculture Committee has scheduled hearings.
CFTC Leadership in Flux
The Commodity Futures Trading Commission (CFTC) is also in transition. With Commissioner Kristin Johnson’s departure, Caroline Pham becomes acting chair and the sole remaining commissioner. The White House has nominated Brian Quintenz to lead the agency, but his confirmation remains uncertain.
The Senate Agriculture Committee delayed a vote on Quintenz before recess, reportedly at the White House’s request. Trump donors Cameron and Tyler Winklevoss — initially supportive of Quintenz — later urged the president to reconsider, questioning whether he would fully advance Trump’s crypto agenda.
The Senate Banking Committee is expected to review several Trump nominations this week, but the Agriculture Committee has not yet set a date for Quintenz.
House Revisits CBDC Ban Through Defense Bill
The House already passed the Anti-CBDC Surveillance State Act in July, though with minimal Democratic backing. Now lawmakers are pursuing another route: adding a CBDC ban to the National Defense Authorization Act (HR 3838).
The revised version of the defense bill would prohibit the Federal Reserve from issuing a digital dollar, echoing provisions of the Anti-CBDC Surveillance State Act.
Whether the ban will survive intact through both chambers remains uncertain, as significant amendments are still likely.
Why This Matters
Congress’ fall session could prove decisive for U.S. crypto policy. The outcomes of the CLARITY Act, the CFTC chair nomination, and the CBDC debate will shape regulatory clarity, market oversight, and the future role of digital dollars in the financial system.
@ Newshounds News™
Source: Cointelegraph
~~~~~~~~~
Gold Demand as Global Reserve Rises Fueled by Digitization: Is Bitcoin Next?
BRICS accumulation drives gold to its highest global reserve share in decades, raising questions about whether Bitcoin could be next.
Gold’s Rise in Global Reserves
The demand for gold as a global reserve currency has surged in the past year, driven by the BRICS nations’ dedollarization push. China, Russia, and their partners have accelerated purchases, boosting gold’s share of global reserves.
By the first quarter of 2025, gold rose 3% to around 24%, marking its highest share in 30 years. In contrast, the U.S. dollar fell 2% to 42%, its lowest level since the 1990s.
Gold overtook the euro in 2024 to become the world’s second-largest reserve asset, solidifying its role as a hedge against geopolitical and monetary risks.
Digitization Bolstering Gold’s Role
A key factor behind gold’s rising relevance is digitization. Tokenized gold on blockchain networks has expanded rapidly, with $2.59 billion in market value and a $492 million daily trading volume, according to CoinGecko.
Leading products like Tether Gold (XAUT) and PAX Gold (PAXG) provide investors and institutions a new way to access gold’s stability with blockchain efficiency. This digital layer further strengthens gold’s position as a modern reserve asset.
Why Bitcoin Could Follow Gold
Bitcoin, often called digital gold, is increasingly viewed by central banks and investors as a reserve alternative. Federal Reserve Chair Jerome Powell has acknowledged Bitcoin’s role as digital gold, reflecting its growing adoption as a hedge against inflation.
Institutional adoption has accelerated, with JPMorgan recently arguing that Bitcoin remains undervalued compared to gold. The bank set a midterm target of $126,000 per BTC, predicting corporate reserves will help fuel demand.
Nation-states are also beginning to follow the U.S. lead in holding strategic Bitcoin reserves. Unlike gold, Bitcoin’s fixed scarcity and real-world utility in payments make it a compelling alternative for the future of global reserves.
Key Takeaway
Gold’s resurgence as a global reserve asset underscores the accelerating move away from the U.S. dollar. With digitization fueling its accessibility, Bitcoin could be next in line to claim a larger role in the international monetary system.
@ Newshounds News™
Source: Coinpedia
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UAE’s RAK Properties to Accept Bitcoin and Other Cryptos for Real Estate Deals
The UAE strengthens its role as a global crypto hub as real estate giant RAK Properties opens the door to digital asset payments.
RAK Properties Embraces Crypto
RAK Properties, one of the largest publicly traded real estate companies in the Ras Al Khaimah emirate, announced it will now accept cryptocurrency payments for international property transactions.
The firm will support Bitcoin (BTC), Ether (ETH), Tether’s USDt (USDT), and other digital assets. Payments will be processed by Hubpay, a regional global payments platform that converts crypto into UAE dirhams before settlement.
“By enabling and supporting the use of digital assets, we are engaging with a new ecosystem of digitally and investment savvy customers,” said Rahul Jogani, Chief Financial Officer of RAK Properties.
Expanding Portfolio and Growth
RAK Properties, listed on the Abu Dhabi Securities Exchange since 2005, has a market capitalization of 4.7 billion dirhams ($1.3 billion). The developer is expanding aggressively in 2025 with 12 new projects underway.
In 2024, the company posted a 39% year-over-year net profit increase, reaching 281 million dirhams compared to 202 million dirhams the year prior.
UAE’s Crypto-Friendly Environment
The United Arab Emirates has become a global hotspot for crypto adoption thanks to clear regulations and a tax-free framework for digital asset profits.
Crypto adoption is accelerating across the country:
Chainalysis data shows small retail crypto transactions in the UAE grew by over 75% year-over-year as of mid-2024.
DeFi Technologies board member Chase Ergen predicts crypto could become the UAE’s second-largest sector within five years.
With its business-friendly policies and growing Web3 ecosystem, the UAE is positioning itself as a global hub for digital asset innovation and investment.
Key Takeaway
By accepting crypto for property deals, RAK Properties is tapping into a growing base of international investors while reinforcing the UAE’s leadership in digital asset adoption.
@ Newshounds News™
Source: Cointelegraph
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“Tidbits From TNT” Tuesday Morning 9-2-25
TNT:
Tishwash: US warning: The Federal Reserve is considering cutting off the dollar to Iraq!
Exclusive sources revealed to Al-Mustaqilla on Monday that the US Federal Reserve is studying imposing economic sanctions on Iraq, which could include cutting off the dollar from the country, if what it described as "the smuggling of hard currency to Iran" continues.
Sources confirmed that US warnings were communicated to the Iraqi government and central bank some time ago, demanding an end to dollar smuggling. However, according to the sources, "the government has not yet taken any practical steps to comply with US directives, and smuggling has continued unabated."
TNT:
Tishwash: US warning: The Federal Reserve is considering cutting off the dollar to Iraq!
Exclusive sources revealed to Al-Mustaqilla on Monday that the US Federal Reserve is studying imposing economic sanctions on Iraq, which could include cutting off the dollar from the country, if what it described as "the smuggling of hard currency to Iran" continues.
Sources confirmed that US warnings were communicated to the Iraqi government and central bank some time ago, demanding an end to dollar smuggling. However, according to the sources, "the government has not yet taken any practical steps to comply with US directives, and smuggling has continued unabated."
Sources indicate that previous meetings were held between Iraqi officials and American parties, where the danger posed by continued currency smuggling to the Iraqi economy was highlighted. However, "the issue has not been resolved, and no signals of compliance have been sent by the current government."
Economic analysts view these developments as a direct blow to the government and the Central Bank of Iraq, warning that continued smuggling could lead to a major economic crisis, weaken the country's ability to secure basic needs in hard currency, and increase pressure on the dollar price in the local market.
The question now arises: Will the Iraqi government take urgent action before US threats turn into actual sanctions that cut off Iraq's dollar lifeline, or will the smuggling issue continue to fuel the country's economic crisis? link
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Tishwash: Oman welcomes Al-Sudani... What's behind the meeting?
Iraqi Prime Minister Mohammed Shia al-Sudani is preparing for an official visit to the Sultanate of Oman tomorrow, Wednesday, in a move described by some as "regular diplomacy," while others see it as an attempt to rearrange the political and economic cards in the region.
According to the Oman News Agency, which Al-Mustaqilla monitored, Al-Sudani will hold official talks with Sultan Haitham bin Tariq, accompanied by an official delegation including senior Iraqi government officials. However, the question that arises is: Is this visit limited to strengthening bilateral relations, or are there ulterior motives related to sensitive economic and political issues?
Observers point out that Iraq faces major challenges regarding the economy and the stability of the local currency, in addition to international pressures related to investments and energy. This visit may be an opportunity for Al-Sudani to secure Omani support or open new doors for Gulf investments, especially in light of the regional tensions plaguing the region.
From a political perspective, some analysts believe this visit comes at a critical time ahead of Iraq's upcoming elections. This could raise questions about whether Baghdad is seeking to bolster its domestic image or whether it is simply an attempt to showcase diplomatic achievements ahead of the elections.
Ultimately, Al-Sudani's visit to Oman carries numerous political and economic dimensions, and the coming days may reveal the real issues being discussed by Iraqi and Omani officials, and whether this visit will be merely a diplomatic protocol, or whether it will impact the course of Iraqi politics and the economy in the coming months. link
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Tishwash: Kurdistan announces the start of distributing June salaries Tuesday.
The Ministry of Finance and Economy of the Kurdistan Regional Government announced that the distribution of June salaries will begin tomorrow, Tuesday (September 2, 2025), and will end on Thursday.
A statement from the Ministry of Finance, received by Al-Eqtisad News, stated that "after the funds arrive from Baghdad, the process of disbursing employees' salaries will continue for three days."
The June salary disbursement comes after a delay of more than 80 days, amidst significant hardship for employees and other sectors, and a near-total paralysis of markets in the region's cities. link
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Tishwash: Oliver Wyman...and the guillotine of laws
Iraq witnessed a radical transformation after 2003, requiring a comprehensive restructuring of its legislative and economic systems in line with the principles of a market economy and a modern state.
With the beginning of the change phase, specifically since 2006, a committee was formed to review the laws, which was metaphorically called the “Guillotine of Laws,” with foreign support and guidance. It included seasoned experts in legal reform, politics, and economics. Its mission was to review and refine the existing laws and legislation dating back to the previous era, and to abolish and amend anything that conflicted with the regime’s philosophy.
Although the committee was able to cancel hundreds of laws and legislation, it failed in some laws.
As I watch and follow, within my interest and specialization in economic and banking affairs, what the international company Oliver Wyman is doing today to correct the declining performance of banks and laws came to my mind, just to compare the mission of the previous Laws Guillotine Committee and the Oliver Wyman Company, not to compare, but to discover the connection between the different missions in two different times.
Now let us examine the tasks that Oliver Wyman carries out through a reform document to advance the Iraqi banking reality, as it is considered a banking guillotine that works to correct and refine errors in banking operations and rectify their paths in accordance with what is practiced in developed countries.
As usual, this reform document was met with objections from the banks, as it conflicted with their capabilities and potential to implement its provisions.
The Association of Banks has made exceptional efforts, in cooperation with the Central Bank of Iraq, to meet the banks' requirements and overcome the difficulties they face. The desired results were achieved by reconsidering the contested paragraphs and extending the implementation periods, particularly regarding the issue of increasing capital.
So far, the results seem good and give hope for facilitating the implementation process by banks.
As someone interested in banking as an important sector of the economy, and out of ethical and professional responsibility, I must pursue the results to the end.
In this context, I had a conversation with a seasoned, knowledgeable expert who was close to the event, so I took the initiative to ask him:
How do you view this document? And what is your assessment of its future results?
He replied, "We agree on the importance of the Central Bank, the Association, and the government working to achieve economic reform. Hence, the importance of the document in promoting our banks to keep pace with changes."
As for my assessment of the results, I record my reservations about the fact that what was achieved was limited to reducing its concerns to the challenge of the paragraph on raising capital and time periods only. However, it did not delve into the rest of the paragraphs of the document, which include difficulties that are no less important than raising capital and time periods, and may even be more serious.
This requires re-reading the remaining paragraphs of the document with the help of legal, economic, and financial experts to determine whether the banks are capable of implementing the agreement.
Therefore, I advise you to be careful when signing the contract to know the banks’ capabilities and potential to provide the other requirements and implement them easily and smoothly so that the losses are not doubled.
This expert opinion or warning is important because the decision to implement the document and its amendments is binding and final.
I feel a sense of professional and ethical commitment and concern for my country and its economy, which requires me to be vigilant and evaluate reform paths whenever necessary. ink
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Mot: Ya Knows that ~~~~~
Mot: ole ""Mot"" Sharing More insight on that ""Diet Thingy""
FRANK26….9-1-25….BANK STORY
KTFA
Monday Night Video
FRANK26….9-1-25….BANK STORY
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#
KTFA
Monday Night Video
FRANK26….9-1-25….BANK STORY
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#
Iraq Economic News and Points To Ponder Monday Afternoon 9-1-25
Iraq Economic News and Points To Ponder Monday Afternoon 9-1-25
Trade: Iraq's Accession To The World Trade Organization (WTO) Is Proceeding Steadily And Carefully.
Economy | 11:10 - 01/09/2025 Mawazine News - Baghdad - The Ministry of Trade announced on Monday that Iraq's accession to the World Trade Organization (WTO) is proceeding steadily and carefully. While indicating the completion of seven major files, it confirmed the preparation of accurate answers to 175 questions related to Iraq's accession to the organization.
Iraq Economic News and Points To Ponder Monday Afternoon 9-1-25
Trade: Iraq's Accession To The World Trade Organization (WTO) Is Proceeding Steadily And Carefully.
Economy | 11:10 - 01/09/2025 Mawazine News - Baghdad - The Ministry of Trade announced on Monday that Iraq's accession to the World Trade Organization (WTO) is proceeding steadily and carefully. While indicating the completion of seven major files, it confirmed the preparation of accurate answers to 175 questions related to Iraq's accession to the organization.
The ministry's spokesman, Mohammed Hanoun, said in a statement to the official agency, followed by Mawazine News, that "the current government's efforts to secure Iraq's accession to the World Trade Organization (WTO) have surpassed all previous measures combined," noting that "Iraq resumed the accession process after a long hiatus, as the third meeting of the working group concerned with accession was held in July 2024, during which updated documents related to the Iraqi trade system were submitted."
He added that "Iraq has completed all the technical files required to join the WTO after a negotiation process that extended for more than twenty years during which Iraq faced many challenges and delays," noting that "this achievement was achieved during the term of the current government through intensive qualitative efforts that exceeded what was achieved in the previous stages combined, and that Iraq is now in an advanced position paving the way for the completion of the requirements for full membership."
Hanoun explained that "the national team concerned with accession, in coordination with the relevant ministries and sectoral bodies and in partnership with international institutions, has completed the review and update of all technical files, which included the foreign trade system memorandum, the legislative implementation plan, agricultural support schedules, the import licenses and customs valuation file, the sanitary and phytosanitary (SPS) files, and technical barriers to trade (TBT)."
He continued: "The team prepared accurate answers to (175) questions and inquiries submitted by the member states of the organization, while the Iraqi customs system was updated to the latest version in line with international standards and enhances Iraq's readiness for the next stages," indicating that "the files will be officially submitted to the WTO Secretariat through diplomatic channels in preparation for the next meeting of the working group."
Hanoun explained that "what has been achieved is the result of the government's great support and continuous coordination with all ministries and national institutions, as well as the efforts of the Department of Foreign Economic Relations in leading this strategic path to strengthen Iraq's position in the global trading system, serve its national economy, and achieve sustainable development."
He pointed out that "over the past months, the ministry has held workshops and training programs to develop national cadres involved in negotiating and managing the file, with the participation of the Council of Representatives and the private sector. Technical meetings have also resumed to complete the discussion of agendas related to trade in goods and services."
Hanoun emphasized that "accession to the World Trade Organization represents a strategic step towards integrating the Iraqi economy into the international trading system, attracting investments, and improving the competitiveness of national exports."
He pointed out that "the accession process is subject to multilateral international negotiation procedures and varies from one country to another according to the completion of legislation and reforms. However, Iraq is committed to accelerating this process to achieve the national interest and preserve the sovereignty of economic decision-making."
https://www.mawazin.net/Details.aspx?jimare=266046
Oil Prices Decline Slightly Amid Anticipation Of The OPEC+ Meeting.
Economy | 09:02 - 01/09/2025 Mawazine News - Follow-up Crude oil prices are trading in a narrow range during trading on Monday. With the opening of Asian markets, the price of the benchmark Brent crude fell 22 cents to reach $67.36
per barrel. Meanwhile, the price of US West Texas Intermediate crude fell 23 cents to reach $63.88 per barrel.
Prices are currently affected by opposing major factors. On the one hand, prices are pressured by the possibility of increased supply by the OPEC+ alliance, which may decide to pump more oil at its meeting next week.
On the other hand, oil is receiving support from the escalating conflict between Ukraine and Russia, and Ukraine’s targeting of Russian oil facilities.
Adding to the pressure on prices are economic data released today from China, which showed a contraction in industrial sector activity for the fifth consecutive month.
Ukrainian President Volodymyr Zelenskyy threatened on Sunday to retaliate by carrying out further strikes inside Russia, following Russian drone attacks targeting energy facilities in northern and southern Ukraine. In recent weeks, the two countries have intensified their airstrikes, focusing on energy infrastructure and attempting to disrupt Russian oil exports.
Markets remain concerned about Russian crude flows, with weekly shipments from ports falling to a four-week low of 2.72 million barrels per day, according to tanker tracking data cited by ANZ analysts in a note. https://www.mawazin.net/Details.aspx?jimare=266035
The Dollar Price Fell In Baghdad.
Stock Exchange The US dollar exchange rate fell against the Iraqi dinar in Baghdad and Erbil at the close of the stock exchange on Monday.
Baghdad: Selling price: 143,500 dinars for $100. Buying price: 141,500 dinars for $100.
Erbil: Selling price: 142,250 dinars for $100. Buying price: 142,100 dinars for $100.
https://economy-news.net/content.php?id=59506
Gold At Its Highest Level In More Than Four Months
Monday, September 1, 2025 | Economic Number of reads: 167 Baghdad/ NINA / Gold prices rose significantly on Monday, reaching their highest level in more than four months, supported by growing bets on a US interest rate cut this month, which enhanced the attractiveness of the precious metal.
By 02:38 GMT, spot gold rose 0.7% to $3,470.69 per ounce, its highest level since April 23, while US futures for December delivery rose 0.8% to $3,543.70.
Silver also advanced 1.6% to $40.31 an ounce for the first time, its highest level since September 2011.
Among other precious metals, platinum rose 0.9% to $1,376.95 an ounce, while palladium rose 0.8% to $1,118.12 an ounce. / End https://ninanews.com/Website/News/Details?key=1249443
$40 Billion In Iraqi Bank Sales In Six Months
Banks Economy News – Baghdad The Central Bank of Iraq revealed on Monday its foreign currency sales, which amounted to more than $40 billion during the first half of this year.
According to the bank's latest statistics, "hard currency sales during the first six months of 2025 amounted to $40 billion and 904 million."
The statistics showed that sales were divided between external transfers amounting to $39.517 billion and cash sales amounting to $1.387 billion.
She pointed out that these sales during the first six months of the current year, amounting to $40 billion and 904 million, increased by 17% compared to the same period last year, which amounted to $34 billion and 735 million. https://economy-news.net/content.php?id=59499
The Ministry Of Planning And The World Bank Discuss Mechanisms For Women's Economic Empowerment In Iraq
Monday, September 1, 2025, | Economic Number of readings: 100 Baghdad / NINA / The Ministry of Planning announced, on Monday, the launch of the joint workshop between the Iraqi government and the World Bank Group, to discuss mechanisms for women's economic empowerment based on the first outcome of the third National Strategy for Poverty Reduction (2026-2030), which is scheduled to be launched soon.
The Director General of the Executive Management of the Poverty Reduction Strategy, Mu'ayyad Ismail Hussein, said, according to a statement by the ministry, that "the three-day workshop will address the efforts made by government agencies in the field of women's economic empowerment, especially poor women, by enhancing their participation in the labor market and discussing targeted policies in this field," stressing the Ministry of Planning's continued coordination of efforts with relevant authorities within the strategic activities.
For her part, Yusra Al-Alaq, Director General of the National Department for Iraqi Women at the General Secretariat of the Council of Ministers, reviewed the department's vision and procedures to enhance women's economic empowerment.
The workshop was attended by representatives from the Ministry of Finance, the General Authority for Statistics, and the Geographic Information Systems at the Ministry of Planning, along with experts from the World Bank Group./End https://ninanews.com/Website/News/Details?key=1249538
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Avoid These 4 Common Mistakes When You Get Rich Overnight
Avoid These 4 Common Mistakes When You Get Rich Overnight
Laura Bogart Sun, August 31, 2025 GOBankingRates
You’re about to score a financial touchdown. Maybe you’ve crushed it at work and landed a sweet promotion. Perhaps you’ve won a lottery or stumbled into a side hustle that suddenly pays off. As you near the end zone, heart pounding, head full of dreams, you can’t afford (literally) to fumble. Whether you’re blindsided by unexpected taxes or tripped up by bad financial advice, you have a lot to lose if you drop the ball.
If there’s one thing Brandon Copeland, former NFL linebacker turned financial expert, knows, it’s how not to fumble good fortune — whether that’s a game-changing play or a sudden influx of cash.
Avoid These 4 Common Mistakes When You Get Rich Overnight
Laura Bogart Sun, August 31, 2025 GOBankingRates
You’re about to score a financial touchdown. Maybe you’ve crushed it at work and landed a sweet promotion. Perhaps you’ve won a lottery or stumbled into a side hustle that suddenly pays off. As you near the end zone, heart pounding, head full of dreams, you can’t afford (literally) to fumble. Whether you’re blindsided by unexpected taxes or tripped up by bad financial advice, you have a lot to lose if you drop the ball.
If there’s one thing Brandon Copeland, former NFL linebacker turned financial expert, knows, it’s how not to fumble good fortune — whether that’s a game-changing play or a sudden influx of cash.
As founder of Copeland Media and Athletes.org, and the author of “Your Money Playbook,” Copeland now dedicates his time to making financial education more accessible for everyone, from high earners to those just trying to get a handle on their first paycheck.
His financial expertise, shaped both by personal experience and by watching fellow NFL players navigate big contracts, has taught him what to do — and, crucially, what not to do — when you come into some money. As part of GOBankingRates’ Top 100 Money Experts series, he answers Question #16: Why do so many people fumble a windfall, and what moves should I make if it ever happens to me?
YouTube: https://www.youtube.com/watch?v=XJ2DcWPD7qw
1. Not Taking the Time To Learn About Money
When Copeland is outside tossing the pigskin with his five-year-old son, the little guy doesn’t catch it every time. And despite being a force on the field himself, Copeland doesn’t expect his son to be perfect — after all, he’s still learning. He sees a clear parallel to how most of us approach money.
“Most things in life take practice, and unfortunately when it comes to money, many of us never had the chance to learn or practice those skills,” he said. “We just start earning it. So, it’s not absurd to think, ‘Hey, I’m not going to be perfect at this.'”
To Copeland, a windfall doesn’t just reveal your financial blind spots — it magnifies them. That’s why he’s so passionate about financial education, both in the classroom and through his foundation.
“My goal is to help a younger version of myself,” he said. “I think of the problems I had growing up, where I wanted money, but nobody taught me about it. I was blessed to have a high school football coach who ran a hedge fund and invited me to intern with him.”
That mentorship gave Copeland his first real playbook for success in life — and in finance. It’s one he would carry into teaching financial literacy at the University of Pennsylvania, as well as the nonprofit he started with his wife, Beyond the Basics.
2. Giving in to the Urge To Splurge
TO READ MORE:https://www.yahoo.com/finance/news/avoid-4-common-mistakes-rich-131819561.html