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Gold Being Revalued as Money again, this Rally is Different
Gold Being Revalued as Money again, this Rally is Different
Commodity Culture: 9-22-2025
Gold. For centuries, it’s been a symbol of wealth, stability, and a trusted hedge against uncertainty.
But what if this current surge in gold prices isn’t just another cyclical climb? What if it signals a fundamental revaluation – a “remonetization” – of the yellow metal in the global financial system?
Gold Being Revalued as Money again, this Rally is Different
Commodity Culture: 9-22-2025
Gold. For centuries, it’s been a symbol of wealth, stability, and a trusted hedge against uncertainty.
But what if this current surge in gold prices isn’t just another cyclical climb? What if it signals a fundamental revaluation – a “remonetization” – of the yellow metal in the global financial system?
This intriguing prospect was recently explored in an insightful interview on Commodity Culture, where Jesse Day hosted Stefan Sklepowicz, CEO of Kirkland Lake Discoveries. Stefan laid out a compelling case for why gold’s comeback is far more significant than many realize, and how companies like Kirkland Lake Discoveries are poised to capitalize on this seismic shift.
Stefan emphasizes that today’s gold rally is not merely a typical price surge. It’s a fundamental revaluation driven by a cocktail of powerful macro-economic forces: persistent global inflation, staggering record-high debt levels, and a noticeable erosion of trust in traditional fiat currencies.
In response, central banks worldwide – particularly those outside the Western bloc – are aggressively diversifying their reserves by purchasing gold.
This isn’t just tactical; it’s a strategic move signaling a “remonetization” of gold. It’s being embraced as a core monetary asset, not just a hedge. Developments like Basel III regulations, which now classify gold as a tier one asset for banks, and efforts by BRICS countries to incorporate gold into trade settlements, further solidify this trend toward gold’s renewed monetary role.
The message is clear: gold’s role in the global financial system is undergoing a profound transformation, and smart investors are looking beyond the headlines to understand the underlying drivers and discover the companies best positioned to benefit.
Ariel: We Got Over the Biggest Hump
Ariel: We Got Over the Biggest Hump
No better explain here.
We got over the biggest hump. Now everything that is tethered to the currency revaluation no longer needs or requires this long drawn out process in order to officially underwrite Iraq.
The Oil
The Two State Solution
Donald Trump Announcement
The September 30th Financial Modernization
Ariel: We Got Over the Biggest Hump
No better explain here.
We got over the biggest hump. Now everything that is tethered to the currency revaluation no longer needs or requires this long drawn out process in order to officially underwrite Iraq.
The Oil
The Two State Solution
Donald Trump Announcement
The September 30th Financial Modernization
All of this falls right under Security & Stability.
TL: How did I miss this little tidbit today?! This document was not just reviewed, verified & signed, but it was signed by Karim Khasbak, THE HEAD of Iraq’s State Council!
His signature VALIDATES Baghdad’s authority and legal coverage over: •KRG’s non-oil revenues (border crossings, taxes, customs, etc.)
•Enforcement of the 2025 budget law Article 13 and related clauses
•Ensures full federal-KRG budget compliance, enabling:
•Salaries to flow •Oil exports to resume
•Foreign company payments to be processed
DO YOU KNOW WHAT THIS MEANS?! THE FIRST DOMINO JUST FELL!
1. ALL REVENUE STREAMS ARE NOW ACCOUNTED FOR!
•Both oil and non-oil revenues from the Kurdistan Region are now REGISTERED under Baghdad’s control, LEGALLY approved and audited & READY for integration into national budget flows!
2. FACILITATES UNIFIED TREASURY OPERATIONS! The CBI and Ministry of Finance can now predict FULL national revenue, balance spending and deficit projections & LAUNCH A STABLE NEW RATE WITH CONFIDENCE!!!!
3. THIS SIGNATURE STRENGTHENS IMF & WTO CONFIDENCE! Global institutions monitoring Iraq’s financial reform (IMF, WTO) will view this as progress on transparency, a milestone in federal unity& A GREEN LIGHT for foreign investor confidence!
HE JUST PUSHED THE BUTTON IMO!
PRAYERFULLY we should see the parallel market be obliterated this week because the rate will be released! This is such good news!
Source(s): https://x.com/Prolotario1/status/1970274600240939088
https://dinarchronicles.com/2025/09/22/ariel-prolotario1-we-got-over-the-biggest-hump/
Why High-Earning ‘Henrys’ Don’t Feel Any Richer Despite Six-Figure Salaries
Why High-Earning ‘Henrys’ Don’t Feel Any Richer Despite Six-Figure Salaries
Jessica Wong August 24, 2025 5 min read Moneywise
They pull in six-figure salaries but don’t think they’re rich. More money, same exact problems —
HENRYs, or “High Earners, Not Rich Yet,” are a surprisingly large class of Americans who pull in big bucks but still feel financially strapped.
Why High-Earning ‘Henrys’ Don’t Feel Any Richer Despite Six-Figure Salaries
Jessica Wong August 24, 2025 5 min read Moneywise
They pull in six-figure salaries but don’t think they’re rich. More money, same exact problems —
HENRYs, or “High Earners, Not Rich Yet,” are a surprisingly large class of Americans who pull in big bucks but still feel financially strapped.
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Some have liabilities matching their assets. Even with annual incomes topping $200,000, they’re living paycheck to paycheck and battling credit card debt.
Others are dedicated savers who only experience their wealth through a number in their bank account.
“Earning doesn’t actually make you feel rich; spending it does,” clinical psychologist Sabrina Romanoff shared with CNBC in July.
“If most people spent 99% of their paycheck, they’d feel quite rich. And it’s the paradox here. When we’re in accumulation mode, it’s very difficult to feel rich.”
Wealthy But Financially Unhealthy
Over 25% of high-earning households — pulling in between $200,000 and $300,000 per year — are unhappy with their finances, according to research by Matt Killingsworth, a senior fellow at the University of Pennsylvania.
“Even people who are doing pretty well aren’t maybe as satisfied as we might imagine,” Killingsworth told The Wall Street Journal.
Marie Incontrera is a 39-year-old Manhattan-based entrepreneur whose income soared from $15,000 a year as a professional musician to an expected $300,000 to $400,000 from her digital marketing consulting business. Her company is projected to generate $1.4 million in 2025.
“I would have thought back then that the amount of money I have in the bank right now, I would be rich, right? ... And I don’t feel that way,” she told CNBC. “I have more money anxiety, almost, now than I ever did in my 20s.”
Certainly, rising prices are making a six-figure salary less impressive than it used to be.
But many HENRYs also experience lifestyle creep and funnel their money into things like daycare, organic food or a home in a nicer neighborhood.
These can quickly feel like essentials and not luxuries, leaving high earners feeling like they don’t have much more disposable income than before.
How HENRYs can get a grip on their finances
TO READ MORE: https://finance.yahoo.com/news/more-money-same-exact-problems-103000817.html
Seeds of Wisdom RV and Economics Updates Tuesday Afternoon 9-23-25
Good Afternoon Dinar Recaps,
China’s Expanding Leverage: Diplomacy With Washington, Alignment With Pyongyang
Beijing reopens doors with U.S. lawmakers while deepening ties with North Korea — signaling a dual-track strategy to stabilize trade while strengthening authoritarian alliances.
Good Afternoon Dinar Recaps,
China’s Expanding Leverage: Diplomacy With Washington, Alignment With Pyongyang
Beijing reopens doors with U.S. lawmakers while deepening ties with North Korea — signaling a dual-track strategy to stabilize trade while strengthening authoritarian alliances.
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U.S. Lawmakers in Beijing: Breaking the Ice
A bipartisan U.S. delegation met Chinese Premier Li Qiang in Beijing, the first such visit since 2019.
The trip emphasized “breaking the ice” after years of trade wars, pandemic-era freezes, and tensions over Taiwan.
Both sides touched on AI governance, military dialogue, and fentanyl control, suggesting areas where cooperation may cautiously grow.
Yet, disputes over semiconductors, tariffs, and Taiwan remain unsolved — structural points of friction unlikely to fade.
Why This Matters
This visit shows Beijing is willing to appear cooperative with Washington when it suits economic and stability needs — but it doesn’t erase deeper divides. It’s a strategic pause, not a reversal.
Kim Jong Un and Xi: Authoritarian Solidarity
Kim Jong Un pledged to strengthen ties with China “more vigorously,” thanking Xi for backing during sanctions pressure.
Both leaders stood together at Beijing’s WWII military parade — a symbolic gesture of unity.
Kim reiterated openness to talks with the U.S., but only if Washington drops disarmament demands — a nonstarter.
China’s support shields Pyongyang economically, undermining international sanctions and allowing nuclear development to continue.
Why This Matters
China’s cover for North Korea ensures America faces two tracks of pressure: an adversarial nuclear partner in Pyongyang, and a “cooperative competitor” in Beijing. Together, they erode U.S. influence in Asia and weaken sanctions as a policy tool.
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Connecting the Dots: Vietnam, Beijing, Pyongyang
Vietnam’s biometric freeze highlights how governments in Asia are experimenting with financial control tools that mirror the GENIUS Act framework in the U.S.
At the same time, China is playing both sides: warming ties with the U.S. to protect trade flows while cementing authoritarian alliances with North Korea to counterbalance U.S. power.
These moves aren’t isolated — they’re part of a global shift in which finance, diplomacy, and digital control systems converge.
Why This Matters
The U.S. faces a narrowing corridor:
Financial control tools (as seen in Vietnam) are normalizing in Asia, previewing what could happen under GENIUS Act frameworks.
China’s diplomacy with Washington is tactical, not transformative.
China–North Korea solidarity signals deeper alignment of states hostile to U.S. influence.
This is not just politics — it’s global finance restructuring before our eyes.
@ Newshounds News™
Source: Reuters, Modern Diplomacy, ZeroHedge, Modern Diplomacy, Watcher Guru
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From Missiles to Money: How Today’s Headlines Reveal Global Finance Restructuring
Geopolitical flashpoints from Moscow to Beijing point to a deeper truth: the old order is fracturing, and money — not missiles — will decide the outcome.
Russia: Arms Control Erodes, Digital Ruble Emerges
Putin’s offer to extend New START is less about diplomacy and more about buying time as Russia modernizes its arsenal and prepares for post-dollar trade via the digital ruble.
With NATO tensions rising over airspace violations, Moscow frames security through both hard power (nuclear) and soft power (currency modernization).
The linkage is clear: when trust in arms control breaks down, nations double down on financial and technological sovereignty.
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China: Expanding Leverage on Two Fronts
A rare U.S. congressional visit to Beijing shows Washington is trying to cool tensions, but China is setting the terms — from AI talks to trade routes.
Meanwhile, Xi and Kim’s embrace in Beijing signals a firmer China–North Korea bloc, complicating U.S. strategies in East Asia.
This dual diplomacy shows China’s method: pair military alliances with financial tools like mBridge, weaving security and money into one strategy.
mBridge: The Silent Game-Changer
While Russia and NATO spar and China manages diplomacy, mBridge quietly reshapes finance itself.
A BRICS + Gulf-backed multi-CBDC network, it challenges SWIFT and dollar dominance.
If paired with digital ruble rollouts and yuan trade settlements, it becomes the settlement layer for the very conflicts dominating today’s headlines.
NATO and the Dollar Link
NATO’s reaffirmation of “defending every inch” may look like military doctrine — but it’s also financial doctrine.
Defending territory means defending supply chains, payment flows, and dollar-backed systems.
When borders are tested, so are currency regimes.
The Common Thread: Power Is Shifting From Weapons to Wallets
Russia’s nuclear diplomacy, China’s regional leverage, and mBridge’s rise are not isolated.
They are different sides of the same coin: nations retooling both their arsenals and their financial systems for a post-dollar world.
Where Washington leans on NATO and the Genius Act, Moscow and Beijing lean on digital currencies, alliances, and parallel systems.
Why This Matters
We need to pay attention to this pattern: these are not random events. They’re deliberate moves in a larger game where currency, payment systems, and digital identity matter as much as missiles or treaties.
This is not just politics — it’s global finance restructuring before our eyes.
@ Newshounds News™ Exclusive
Source: Modern Diplomacy, Reuters, Newsweek
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Thank you Dinar Recaps
News, Rumors and Opinions Tuesday 9-23-2025
Ariel : The Oil Agreement for Iraq that Changes Everything
Signed Sealed & Delivered: The Oil Agreement That Changes Everything (Iraq On The Verge)
People I will go so far to say that Iraq cannot implement the trilateral oil agreement without integrating the Iraqi Dinar (IQD) into the Forex market, as this step is essential for ensuring currency convertibility, reserve credibility, and international enforceability of the deal.
I do not see how this can happen without listing their currency on the Forex.
Ariel : The Oil Agreement for Iraq that Changes Everything
Signed Sealed & Delivered: The Oil Agreement That Changes Everything (Iraq On The Verge)
People I will go so far to say that Iraq cannot implement the trilateral oil agreement without integrating the Iraqi Dinar (IQD) into the Forex market, as this step is essential for ensuring currency convertibility, reserve credibility, and international enforceability of the deal.
I do not see how this can happen without listing their currency on the Forex.
American Iraqi Dinar holders have been waiting since 2005 for a big change in Iraq’s currency value, often called a revaluation or RV. Back then, after the fall of Saadam Hussein, many believed the Iraqi Dinar would bounce back to a stronger rate, like it had before the wars.
People bought dinars hoping for huge gains, but delays from political fights, corruption, and oil issues kept it stuck at around 1,300 dinars to one U.S. dollar.
This wait has been tough, with scams and false rumors along the way. Now, with recent news of a trilateral oil deal between the Kurdistan Regional Government, the Iraqi government, and oil companies, it feels like the pieces are falling into place.
Holders should pay close attention because this could finally unlock the stability Iraq needs to make that rate change real.
Think about Iraq first Baghdad’s economy is basically a black gold faucet, 90% of its budget from oil, and this two-state breakthrough dials down the chaos that’s kept the spigot half-shut.
Regional stability means no more proxy flare-ups choking the Strait of Hormuz or jacking up shipping costs; oil flows smoother, prices steady out, and Iraq’s exports already ramping with that KRG deal hit global markets without the usual sabotage or sanctions drama.
That extra revenue? It floods the CBI’s reserves, already hovering at $100 billion, giving them the muscle to defend a stronger dinar rate instead of propping up the weak 1,300-to-dollar peg that’s been a joke on the streets.
We’ve seen how tensions spike volatility remember ’23 when Houthi nonsense tanked Brent crude? This summit eases that, letting Iraq execue its $153 billion ’25 budget without the usual fiscal heart attacks, unlocking salaries and reforms that scream “RV ready” to the IMF and investors.
Read Full Article: https://www.patreon.com/posts/signed-sealed-on-139488519
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man What we're seeing in real time is Iraq integrating into the global financial system. They have set the stage building confidence in the international economy...That's what they're doing. That's in print today and yesterday and much of it has been collective over the last few weeks.
Yada No missing pieces, no delays. All the tentacle are in place and connected for the SET time of release. The digital release in Iraq is connected with the rest of the world…
Frank26 [Iraq boots-on-the-ground report] FIREFLY: The digital sector is very big. They are telling us this is going to be our future. They are saying if the oil deal [with Kurdistan] gets passed, this will lead to the oil and gas [HCL Law] being passed and put into action per our constitution. The United States and the IMF are pressuring for this to be done. FRANK: You know why? Because they want you to move that HCL. Because everything else is taken care of. FRANK: if the COM can just approve and pass this with the constitution and then send into the parliament…then we would be in a wonderful position for a new exchange rate.
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De-Dollarization Accelerates – China Ditches $25 BILLION a Month in MASSIVE Sell-Off
Lena Petrova: 9-22-2025
Tuesday Coffee with MarkZ 09/23/2025
Tuesday Coffee with MarkZ 09/23/2025
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: Good morning everyone and Mark and mods!
Member: Good morning Mark! we'll it looks like oil agreements are signed ?!?? Time to PARTY !?!?!
Tuesday Coffee with MarkZ 09/23/2025
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: Good morning everyone and Mark and mods!
Member: Good morning Mark! we'll it looks like oil agreements are signed ?!?? Time to PARTY !?!?!
Member: Big meetings at the UN this week….Maybe the reset is on the way???
Meeting: Iraqi representative is to speak this afternoon at UN meeting
Member: Any news from Bond contacts or Indian Nations today ?
MZ: Here is what I am hearing from a number of different historic bond contacts: In a nutshell- they expect to be told today what the final timing is and the procedures and the date when they will get paid. They expect this today and to me that is kind of exciting. The question is if they will be able to share that timing with us??????
Member: Don’t count on it. Why would they risk their funds being confiscated by breaking NDA’s?
MZ: I do not expect them to give us any specifics without getting in trouble…but hoping for a general idea on timing.
Member: How do bonds tie in with the RV/reset?
MZ: Historic bonds are part of the settlement process to settle the old books and wipe the slate clean. We were always told this would happen right before the RV. This is also true for Prosperity packages, CMKX and Farm claims.
MZ: My last update from Indian Nations was on Saturday and they had worked through any differences on monthly payouts (due to this taking so long) This is a monthly amount that all adults will be receiving. The rumor is they will get $4-$5 thousand US dollars per each adult per month. That is the rumors I was hearing.
Member: old list of tiers- if this is still accurate: There are 5 Tiers of folks Exchanging. Tier 1-governments and royalty Tier 2-whales-elite with platforms of currency, corporations, etc. Tier 3-Historic bonds, Admirals Group, American Indians, CMKX, large church groups (like the Mormons), etc. Tier 4-all the hundreds of thousands paying attention to intel - internet groups(all of us). Tier 5- those who never paid attn - the general public.
Member: Mark my platform told me that funds in Reno were liberated- hope that means released.
Member: My bank is doing a major update on October 20th . also the IRS is requiring individuals who use EFTPS to create a online account for payments instead…on Oct 17th
MZ: the IRS is also asked for updated emergency contact information from employees- Due yesterday. They are expecting a government shutdown. Its interesting that now government shutdowns affect the IRS. It did not used to. Its almost as if they are part of the US government now.
Member: If Sudani does not complete the rv and is not reelected in Nov. what happens?
Member: New: Iraqi CoM (Council of Ministers) on Tue ordered the Kurdistan Region to swiftly transfer 120 billion dinars in domestic revenue to the federal government to enable the disbursement of delayed July salaries from Baghdad
MZ: Today is going to be a bid day to watch.
MZ: “Breakthrough: Oil dial to be announced in 24 hours. KRG oil exports to resume” This was late breaking news yesterday.
MZ: “A tripartite meeting between Baghdad, the region and oil companies begins to resume exports” The rumor is they export exports to start sometime today.
MZ: there are still some rumors that Sudani has been banned from attending the US meetings in the US. They claim its because Sudani has not done enough to get Iran out of their country. I think its just for show.
MZ: “ Banks are expanding and the numbers are jumping 1400%. 5.6 million cards depicting Iraq’s financial revolution” These are things they said that had to be done to support lifting the purchasing power of the dinar.
Member: Is it our week or weekend to put my 2 week notice in?
Member: We can hope it is
Member: I'll say it again we are in a psyop stuffed inside of a movie wrapped up in a reality show. and soon we'll be a documentary
Member: Everyone have a good day.
Lewis Herms joins the stream today….please listen to 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
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS! FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS
MilitiaMan and Crew: IQD News Update-CBI-Gold-Oil -UN-Expect a Formal Announcement
MilitiaMan and Crew: IQD News Update-CBI-Gold-Oil -UN-Expect a Formal Announcement
9-23-2025
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-CBI-Gold-Oil -UN-Expect a Formal Announcement
9-23-2025
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……..
Iraq Economic News and Points To Ponder Tuesday Morning 9-23-25
Legal Expert: The Central Bank Is Following A Wise Policy In Diversifying Its Investments.
Time: 2025/09/22 Reading: 855 times Legal expert: The Central Bank is following a wise policy in diversifying its investments.
{Economic: Al Furat News} Legal expert Salah Nouri confirmed on Monday that the Central Bank of Iraq is adopting a wise policy to diversify its investments, balancing investments in gold and US bonds to bolster its financial reserves.
Legal Expert: The Central Bank Is Following A Wise Policy In Diversifying Its Investments.
Time: 2025/09/22 Reading: 855 times Legal expert: The Central Bank is following a wise policy in diversifying its investments.
{Economic: Al Furat News} Legal expert Salah Nouri confirmed on Monday that the Central Bank of Iraq is adopting a wise policy to diversify its investments, balancing investments in gold and US bonds to bolster its financial reserves.
Nouri told Al Furat News Agency, "Central banks around the world,including the Central Bank of Iraq, are pursuing a diversification strategy to avoid risks and achieve the best returns in the long term."
He added, "Investing in US bonds is a key option for achieving stable, periodic returns, but it is affected by the decisions of the US Federal Reserve, as investment in them tends to decline when interest rates are lowered.
" The legal expert continued, "Central banks compensate for this shortfall by turning to gold, which is considered a safe haven during times of economic crisis."
He explained that "gold does not provide fixed annual returns like bonds. Rather, its profits depend on the difference between the buying and selling prices, making it a strategic investment for preserving asset value."
https://alforatnews.iq/news/خبير-قانوني-البنك-المركزي-يتبع-سياسة-حكيمة-في-تنويع-استثماراته
The Path To Development}...A Step Towards Creating Job Opportunities And Encouraging Investment
Baghdad: The Pillar Of The Emirate
The Development Road project, whose Quadripartite Council summit was recently held in Baghdad, highlights a major strategic attempt to restore Iraq's standing in global trade.
Experts see the Grand Faw Port as the starting point for the "Development Road," which will connect the East and West of the world via Iraq and Turkey.
The government is counting on the two major projects, the development road and the Faw Port, to transcend its traditional maritime geography and reposition Iraq economically within the region surrounding Iraq and the world, and to take its rightful place among the world's most important economies.
Minister of Transport Razzaq Muhaibis Al-Saadawi recently chaired the Quadripartite Summit to discuss steps to initiate the "development path," in preparation for holding a ministerial meeting before the end of the current year, with the attendance of the transport ministers of the member states (Turkey, Qatar, and the UAE), along with Iraq.
Developmental Impacts
The Prime Minister's Financial Advisor, Dr. Mazhar Mohammed Salih, believes that "the port, if completed, will be one of the largest infrastructure projects in Iraq's modern economic history, and the most ambitious in terms of its developmental and geopolitical impact."
He explained that it is more than just a seaport, and represents an attempt to reshape Iraq's geographical position at the heart of global trade, via what is known as the dry corridor linking Asia to Europe via Iraq and Turkey, reducing time and costs compared to traditional sea routes.
Commercial Sidewalks
Saleh added, in an interview with Al-Sabah, that the vision behind the project seeks to transform Iraq from a rentier state dependent on oil exports into a pivotal logistics state that plays an active role in the movement of goods, services and energy, linking the economies of the north and the south.
He pointed out that if the Faw Port project is completed in all its components, including the deep commercial docks, industrial and commercial zones, as well as the railway link to the north towards Turkey and Europe,
in addition to the parallel land and service transport networks, it will be able to accelerate the diversification of GDP sources in Iraq, create tens of thousands of direct job opportunities, encourage local and foreign investments, and stimulate the establishment of parallel industrial, service, logistics and digital sectors.
Initiative State
The government advisor pointed out that the port will contribute to reducing Iraq's sole dependence on oil and will propel it towards a more balanced, diversified and productive economy. He emphasized that it is a strategic project, embodying at its core the foundation of the transition from a rentier economy to a multi-resource economy, and from a state awaiting revenues to a proactive state that creates opportunities. This is in line with the government's program, which is based on the mindset of a sustainable developmental and economic state and the economic reform system that embraces it.
Saleh stressed that the major maritime project, if completed, along with the development road project, will make Faw Port Iraq's gateway to a more diversified, productive, and stable economic future, and that it will be a lever for Iraq's drive toward a more diversified, productive, and stable economic future.
Qualitative Transformation
The speaker also explained that the development road strategy, which is integrated with the infrastructure of the Grand Faw Port, represents a qualitative shift in modern Iraqi economic thinking.
The country is no longer dependent on oil revenues as its sole resource, but has begun to see the signs of transforming it into a strategic corridor state based on regional integration, advanced infrastructure, and cross-border services. He explained that the development road is a railway project extending from the Grand Faw Port on the Arabian Gulf, passing through thirteen Iraqi governorates, all the way to the Turkish border, where it connects to the European railway network.
Economic Geography
He explained that the project constitutes the backbone of what we might call Iraq's new strategic economy, based on transforming the country from a geographical corridor into an international logistical and trade hub. What we can conclude from the Faw Port Strategy and the Development Road is the summary of Iraq's economic progress, in a world witnessing sharp shifts in economic geography and recurring crises in supply chains.
The Development Road Project in particular stands out as one of the most promising projects for repositioning Iraq as a global logistical hub linking the continents of Asia and Europe.
Features Of A Strong State
He stated that the project represents a qualitative shift in Iraqi economic thinking, not a retreat towards development and prosperity.
It is no longer based on oil revenues as a sole, highly volatile resource. Rather, it has begun to reveal the features of a strong state, transforming into a strategic corridor based on regional integration, advanced infrastructure, and cross-border services. In the rapidly evolving economic world of the 21st century, Iraq stands tall, building a future for its generations.
Diversifying The Economy
For his part, researcher and academic Dr. Abdul Karim Al-Issawi said: “Iraq seeks to diversify its economy, which relies on oil exports for no less than 95 percent, by activating the service-oriented production sectors, including the transportation sector, foremost among which is the completion of the Grand Faw Port project, which is the foundation of the development path that will link the countries of West Asia with the European continent via Turkey.
This will be achieved by building roads and railways suitable for the expected transport of goods and energy sources, including crude oil, thus ensuring global supply chains for reverse transport between Europe and Asia.”
Job Opportunities
Al-Issawi explained to Al-Sabah that the desired development road will work to create a group of backward and forward links in the areas located on both sides of the road in the Iraqi governorates, foremost of which is creating job opportunities for workers and most notably strengthening economic and financial relations between Iraq and the countries that deal with this road.
He indicated that on the international level, the development road will work to create other outlets for international trade in addition to the Suez Canal and the global trade route India-United Arab Emirates-Mediterranean.
Business Partner
He added that competition will be based on lower costs and shorter distances and times to connect global markets. He noted that Turkey, a major trading partner for Asian and European countries in both exports and imports, views the development road project with great importance and is working to ensure its success by all means possible.
For his part, economic expert Dr. Adnan Bahiya described the Grand Faw Port as a future pillar of the Iraqi economy. It is a new pillar for Iraqi global maritime trade, and the project's completion will open up new horizons for 99 docks capable of accommodating large vessels.
The Future Of The Country
In an interview with Al-Sabah, Bahiya pointed out that the Grand Faw Project and the development road represent the country's future in increasing and diversifying its financial revenues. The development road will contain development centers in each governorate it passes through.
These centers will consist of exhibitions, factories, export markets, and local industries, which are available in that governorate, as well as importing its own needs from abroad or from other governorates, and manufacturing a wide range of equipment and food crops, which increases the development prospects in each governorate.
He explained that the development road consists of a highway outside the governorates it passes through and railways going and coming, which facilitates commercial land transport and expands it to a new modern horizon.
Both the Faw project and the development road will provide for the construction of the commercial airport planned to be built in the Faw area, electricity generation and water desalination plants, a refinery for the production of petroleum derivatives, a residential city, and a new industrial city. These projects will actually transform Basra into the level of the economic capital of Iraq.
International Cooperation
For his part, international expert Nazir Al-Saadi emphasized that Iraq's internationally important geographic location has not been fully exploited.
The development road, supported by the Faw Port, serves to position Iraq as a gateway to genuine international cooperation.
Al-Saadi stated that the implementation of the development road project undoubtedly represents a qualitative shift in the reality of the Iraqi and global economy, as it works to transform Iraq into a hive of organized activity across all sectors without exception, a goal sought by specialized international companies.
Business Trip
He said: "This project will work to revive all sectors without exception, in cooperation with the international effort that will be directed towards Iraq and the beginning of a new business journey centered on Iraqi territory. Here, we must work to organize the business environment in a way that attracts international companies and achieves the highest levels of economic feasibility for the country." https://alsabaah.iq/120863-.html
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com
Seeds of Wisdom RV and Economics Updates Tuesday Morning 9-23-25
Good Morning Dinar Recaps,
mBridge and the Future of Finance: From BRICS Experiment to Global Dialogue
The Global South tests a new financial backbone — but will it build cooperation or confrontation?
From Pilot to Power Shift
Launched by China, Hong Kong, Thailand, UAE, and later Saudi Arabia, mBridge has evolved from an experiment into a geopolitical tool.
With validator nodes, live transactions, and integration potential with India’s UPI, Indonesia’s QRIS, and Brazil’s Pix, it promises scale unlike earlier CBDC pilots (Dunbar, Jura).
The question: Will BIS step back, leaving governance in BRICS hands, or will it become a truly global framework?
Good Morning Dinar Recaps,
mBridge and the Future of Finance: From BRICS Experiment to Global Dialogue
The Global South tests a new financial backbone — but will it build cooperation or confrontation?
From Pilot to Power Shift
Launched by China, Hong Kong, Thailand, UAE, and later Saudi Arabia, mBridge has evolved from an experiment into a geopolitical tool.
With validator nodes, live transactions, and integration potential with India’s UPI, Indonesia’s QRIS, and Brazil’s Pix, it promises scale unlike earlier CBDC pilots (Dunbar, Jura).
The question: Will BIS step back, leaving governance in BRICS hands, or will it become a truly global framework?
Geopolitical Weight of BRICS + Gulf
BRICS economies bring sheer market size and demand for alternatives to dollar-based trade.
Saudi Arabia’s entry links the project to energy trade — a direct challenge to petrodollar dominance.
Interoperability gives mBridge an edge, turning regional payment systems into a global settlement layer.
Private Players and Global Stakes
Visa and Mastercard’s possible inclusion adds scale, fraud prevention, and consumer reach.
But it also raises sovereignty and trust questions: Will Global South nations accept U.S. corporations shaping their CBDC future?
If successful, mBridge could bypass SWIFT, reduce reliance on the dollar, and give BRICS-aligned nations financial autonomy in trade.
Financial Inclusion and Digital Trade
CBDCs via mBridge could bank the unbanked (1.6 billion people), lower remittance costs, and streamline migrant worker payments.
Use cases go beyond trade: NFTs, in-game economies, digital art, carbon credits — all need efficient cross-border settlement.
By embedding these flows in a federated CBDC, mBridge could become the backbone of the digital economy.
A Bridge or a Fault Line?
Brookings and Chatham House stress cooperative governance. If adopted, mBridge could create shared global standards.
But if BRICS uses it as a financial weapon, it may harden blocs and accelerate confrontation.
Either way, mBridge is no longer just about efficiency — it’s about who writes the rules of money in the digital era.
Why This Matters
mBridge crystallizes the larger struggle you’ve been tracking: finance, trade, and tech are converging into a new architecture.
For the Global South, it’s about inclusion and sovereignty.
For the U.S. and allies, it’s about retaining dominance through the dollar and SWIFT.
The choice is stark: cooperation or polarization.
This is not just politics — it’s global finance restructuring before our eyes.
@ Newshounds News™
Source: Modern Diplomacy
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Russia, NATO, and the End of Arms Control: A Geopolitical Turning Point
Putin signals willingness to extend New START, but escalating NATO tensions suggest the end of the post-Cold War security framework.
Russia Floats New START Extension
President Vladimir Putin proposed a one-year extension of the New START Treaty—currently set to expire in February 2026—if Washington reciprocates. This would temporarily preserve the only arms-control agreement still in force, capping each side’s nuclear warheads at 1,550.
Putin’s offer comes with a warning: without mutual restraint, the last guardrail on nuclear stability collapses. He framed it as both a diplomatic gesture and a test of U.S. seriousness.
A Tactical Pause, Not Peace
While Moscow signaled it will voluntarily adhere to New START limits for one year after 2026, Putin emphasized that Western hostility has already dismantled most of the arms-control architecture. Russia, he insisted, is prepared to counter threats with “military-technical measures” if diplomacy fails.
This is less about cooperation and more about buying time. With Ukraine unresolved and NATO encroachment perceived as rising, Russia is positioning the treaty as leverage—while accelerating its weapons modernization.
NATO Airspace Clashes Intensify
The diplomatic track coincides with escalating military tension:
Estonia and Poland accused Russia of multiple airspace violations.
NATO jets intercepted Russian fighters, prompting Article 4 consultations.
Poland even shot down Russian drones, raising the risk of direct conflict.
Trump warned of “big trouble” if the violations continue, while his ambassador to the UN, Mike Waltz, vowed the U.S. would “defend every inch of NATO territory.”
Geopolitical Stakes at the UN
These clashes played out as world leaders convened at the United Nations. Ukrainian President Volodymyr Zelensky called for “powerful pressure” on Russia, while Trump prepared a major speech framing his foreign policy as the “renewal of American strength.”
The timing underscores the dual track: Moscow dangles limited arms-control cooperation even as it probes NATO’s defenses, while Washington sharpens rhetoric and lines up allies for potential escalation.
Why This Matters
The unraveling of arms control, the hardening of NATO’s stance, and Russia’s dual strategy of diplomacy plus deterrence show that we’ve entered a new era of strategic instability. Unlike the Cold War, this instability overlaps with global de-dollarization, sanctions warfare, and competing digital currency systems. Military stability and monetary stability are both eroding simultaneously.
This is not just politics — it’s global finance restructuring before our eyes.
@ Newshounds News™ Exclusive
Source: Modern Diplomacy, Modern Diplomacy, Newsweek, Newsweek
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“Tidbits From TNT” Tuesday Morning 9-23-2025
TNT:
Tishwash: Rafidain Bank finances 85 new projects under the Entrepreneurship Initiative, worth one billion dinars.
Rafidain Bank announced today, Sunday, the launch of the seventeenth batch of the Leadership and Excellence Initiative to support small and medium-sized enterprises, with a total amount of one billion Iraqi dinars and 85 registrations.
The bank's media office said in a statement that "this payment comes as a continuation of the efforts aimed at financing entrepreneurs and youth within the Central Bank of Iraq's initiative," stressing that "the number of financed entries reached 2,272 entries and the total value of the amounts granted so far amounted to 29,941,000,000 billion Iraqi dinars, which reflects the bank's commitment to supporting pioneering projects that contribute to building the national economy.
TNT:
Tishwash: Rafidain Bank finances 85 new projects under the Entrepreneurship Initiative, worth one billion dinars.
Rafidain Bank announced today, Sunday, the launch of the seventeenth batch of the Leadership and Excellence Initiative to support small and medium-sized enterprises, with a total amount of one billion Iraqi dinars and 85 registrations.
The bank's media office said in a statement that "this payment comes as a continuation of the efforts aimed at financing entrepreneurs and youth within the Central Bank of Iraq's initiative," stressing that "the number of financed entries reached 2,272 entries and the total value of the amounts granted so far amounted to 29,941,000,000 billion Iraqi dinars, which reflects the bank's commitment to supporting pioneering projects that contribute to building the national economy."link
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Tishwash: North Oil: We may resume exporting Kurdistan Region oil via Türkiye within the next few hours.
The North Oil Company expects the resumption of oil exports from the Kurdistan Region via Turkey within the next 48 hours.
The Director of the North Oil Company, Amer Khalil, said that the oil companies requested guarantees to obtain their rights and dues, and the government agreed to this and will provide them with the necessary guarantees.
For his part, a source in the production department of the North Oil Company confirmed that it will receive the Kurdistan Region's oil in Zakho and export it to the Turkish port of Ceyhan, and that its representative participated in today's meeting that witnessed the reaching of an agreement between the Ministry of Oil, the Ministry of Natural Resources in the Kurdistan Region, and the oil companies operating in the region.
Oil sources expected the resumption of oil exports after the approval of the Iraqi Council of Ministers tomorrow. link
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Tishwash: Signing of a tripartite agreement on Kurdistan's oil exports
A meeting between Kurdistan Regional Government officials and a delegation from the North Oil Company and oil-producing companies in the region concluded this evening, resulting in the signing of a tripartite agreement between the three parties.
A source in the North Oil Company, who requested anonymity, told the "Al-Jabal" platform on Monday, September 22, 2025, that "a tripartite agreement was signed in Erbil a short while ago between the Ministry of Natural Resources in Kurdistan, the Federal Ministry of Oil, and the oil companies regarding the resumption of oil exports from Kurdistan's fields."
According to information obtained by Al-Jabal's correspondent in Baghdad, "Prime Minister Mohammed Shia al-Sudani has warned members of the delegation representing Baghdad to remain discreet about the details and content of the agreement and not to disclose them to the media until he announces them himself."
According to the agreement, "oil exports from Kurdistan will resume."
Kurdistan Regional Government spokesman Peshwa Hawrami told the Jabal platform this morning that "the Kurdistan Regional Government, the federal government, and oil production companies have reached an agreement on the oil file, and a tripartite agreement will be signed between the three parties in this regard today."
A delegation from the Kirkuk North Oil Company, headed by the company's general manager and representing the federal Ministry of Oil, arrived in Erbil to conclude an agreement with the Kurdistan Regional Government's Ministry of Natural Resources.
For months, disagreements between Baghdad and Erbil over the price of oil production and exports from the region's fields, as well as non-oil revenues in Kurdistan, have hampered Baghdad's ability to pay salaries to employees, retirees, and subsidy recipients in the Kurdistan Region.
However, officials' confirmation that an agreement was reached on resuming oil exports and that the State Council had decided on non-oil revenues yesterday, as well as the conclusion of the agreement today, pushes the Council of Ministers toward making a decisive decision on employee salaries during its regular session scheduled for tomorrow, Tuesday.
Hawrami said, "After the signing of the tripartite agreement, there will be no obstacles to sending salaries to Kurdistan Region employees, and Baghdad must send them as soon as possible." link
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Mot: .. Ur Kidding -- Right!!!!????
Mot: Ya Knows - I Now Thinks ""Bear Spray"" is a Good thing to Have
FRANK26….9-22-25….FLOW BABY FLOW
KTFA
Monday Night Video
FRANK26….9-22-25….FLOW BABY FLOW
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….9-22-25….FLOW BABY FLOW
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 Evening 9-22-25
Banking Reform Between The Strictness Of The Standard And The Realism Of Implementation
Economic 09/22/2025 Dr. Mustafa Akram Hantoush The Central Bank of Iraq and the local banking system are going through a critical phase that does not tolerate gray solutions.
After the Central Bank contracted Oliver Wyman last year to conduct a comprehensive study, the initial report was submitted a few weeks ago, followed by the final report, which included a package of mechanisms to address structural imbalances and regulate dollar transactions.
Banking Reform Between The Strictness Of The Standard And The Realism Of Implementation
Economic 09/22/2025 Dr. Mustafa Akram Hantoush The Central Bank of Iraq and the local banking system are going through a critical phase that does not tolerate gray solutions.
After the Central Bank contracted Oliver Wyman last year to conduct a comprehensive study, the initial report was submitted a few weeks ago, followed by the final report, which included a package of mechanisms to address structural imbalances and regulate dollar transactions.
In practice, we are faced with a reform document that establishes a qualitative shift in governance, compliance, and capital. At the same time, it challenges banks—especially those that are struggling or facing sanctions—to test their ability to quickly adapt to a complex operating environment.
Among the most prominent recommendations are raising the capital of all banks to 400 billion dinars, with $2.4 billion to be repaid over four years, and setting clear conditions for mergers or liquidations, in addition to restructuring ownership so that relatives' stakes do not exceed 10 percent.
These conditions, while logical from the perspective of increasing capital strength, strengthening governance, and reducing conflicts of interest, represent a clear challenge to a group of banks facing regulatory restrictions, sanctions, or fragile capital and liquidity.
Therefore, I expect—based on a technical reading of the market and banks' capabilities—that the Central Bank will move to extend the implementation horizon to three years, instead of the previous deadline of the end of this year, while maintaining strict targets and interim accountability.
The essence of reform here is not in announcing the numbers, but in converting them into a realistic timeline that helps banks achieve compliance without disrupting the financial system.
A capital increase of this magnitude, in a market where financing capabilities remain limited and governance is uneven among banks, requires sufficient time to complete well-thought-out merger deals or orderly divestments.
It also requires building internal capabilities in risk management, combating money laundering, complying with dollar transfer restrictions, and rehabilitating digital and regulatory infrastructure.
On the other hand, there is a dual reform path that distinguishes between banks that choose to operate locally under close supervision by the central bank, with improved standards suited to the domestic market, and other banks that wish to integrate into the international financial system, fully adhering to global standards and international technical partnerships such as Oliver Wyman.
The importance of this approach lies in its recognition of the varying starting points among banks and the structural flexibility it provides to the system, reducing the cost of adaptation, without compromising the ultimate goal: a safer, more transparent sector that is more connected to the global market.
Between rigor and flexibility, we need implementation governance that is no less important than the content of the document itself.
This means forming joint technical committees between the central bank and the banks to oversee the procedural details of each component:
How should capital be raised? In what timeline?
What are the minimum standards for board governance and relative ownership?
How should dollar channels be managed and trust restored with correspondent banks?
What are the interim progress thresholds that will be rewarded with gradual liberalization?
Having a roadmap with clear timelines transforms the document from a statement of intent into a measurable and accountable performance contract.
As for mergers and liquidations, what is required is not a race to extinguish brand names, but rather market engineering that preserves depositors' rights and reduces moral hazards.
A successful merger requires matching assets and liabilities, cleaning up loan portfolios, re-pricing risks, and managing the transition of systems and personnel without disrupting customer services.
An orderly liquidation requires a clear toolbox: a bridge bank when necessary, transparent compensation mechanisms, and a timetable that ensures the resolution does not turn into a confidence shock. In the background is the dollar issue, the greatest test of confidence.
Regulating transactions is not measured solely by the number of restrictions, but rather by banks' ability to demonstrate actual compliance through Know Your Customer (KYC) systems, tracking transactions, and compliance with sanctions.
Success here is directly reflected in reducing remittance costs and restoring correspondent channels, which supports trade, reduces pressure on the parallel market, and improves the pricing of sovereign risks. Realism does not mean complacency.
A delicate balance is required: a carefully considered timeline that allows banks to reposition, coupled with stringent interim checkpoints and regulatory rewards tied to actual performance rather than promises. https://alsabaah.iq/120864-.html
Iraq Is Considering Establishing A Commercial Zone To Market And Export Agricultural Products.
Economy | 09/22/2025 Mawazine News – Baghdad The Ministerial Council for the Economy announced today, Monday, that it will discuss the Ministry of Commerce's proposal to establish a commercial zone dedicated to agricultural products and agricultural supplies.
A statement issued by the Council, received by Mawazine News, stated that “Minister of Planning, Mohammed Tamim, chaired the 30th session of the Ministerial Economic Council, which was held at the Council building, in the presence of the Ministers of Finance, Trade, Agriculture, Industry, Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, the Undersecretary of the Ministry of Oil, the Deputy Chairman of the National Investment Commission, and the Prime Minister’s advisors for economic and legal affairs.”
According to the statement, the Council hosted during its session, “the Minister of Water Resources, to discuss the reality of the water sector in the country, the water plan for the winter agricultural season 2025-2026, in addition to discussing the Ministry’s proposals related to maximizing non-oil revenues, and ways to support the state’s general budget by increasing the Ministry’s revenues.”
The Council also discussed the Ministry of Trade’s proposal to establish a commercial zone for agricultural products and agricultural supplies, which would be a center for marketing these products and exporting the surplus, with the aim of supporting the agricultural sector and farmers.
It decided to support this step, given its role in encouraging farmers to export their products outside Iraq and achieving a financial return that contributes to enhancing the national product.
In a related context, the Council hosted the head of the Iraqi Contractors Union to discuss the reality of the contracting sector and service projects, as well as contractors’ dues for completed or under-construction projects.
It decided to continue supporting this vital sector and disburse dues after determining the percentages of completion, to ensure the continuity of work and improve the level of services provided to citizens.
The Council also decided, according to the statement, that the General Directorate of Industrial Development would grant establishment licenses to establish new factories for the production of prime coat, asphalt, and industrial solvents, in accordance with the provisions of Industrial Investment Law No. (20) of 1998, provided that the factories are equipped with raw materials available at the Ministry of Oil. https://www.mawazin.net/Details.aspx?jimare=267222
A Slight Decrease In The Dollar Exchange Rate In Baghdad
Economy | 09/22/2025 Mawazine News - Baghdad - The exchange rate of the US dollar against the Iraqi dinar recorded a decline in Baghdad's local markets on Monday morning.
The dollar price decreased in the Al-Kifah and Al-Harithiya stock exchanges to 141,550 dinars for every $100, while yesterday, Sunday, the price recorded 142,150 dinars for every $100.
Selling prices also decreased in exchange shops in Baghdad's local markets, where the selling price reached 142,500 dinars for every $100, and the purchase price reached 140,500 dinars for every $100.
https://www.mawazin.net/Details.aspx?jimare=267200
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com
7 Key Signs You’re Wealthier Than You Think
7 Key Signs You’re Wealthier Than You Think
Caitlyn Moorhead Mon, September 22, 202 GOBankingRates
Controversial but consummately successful podcaster Joe Rogan once said he felt like he’d “made it” financially when he had enough money to eat at a restaurant at night without feeling guilty and stressed about what it cost the following day.
Rogan’s net worth is now estimated at $200 million, which is all the money in the world — unless you’re Elon Musk. Rogan’s $200 million fortune he made bloviating opinions is less than 0.05% of Musk’s $395 billion fortune he made building cars and rocket ships.
7 Key Signs You’re Wealthier Than You Think
Caitlyn Moorhead Mon, September 22, 202 GOBankingRates
Controversial but consummately successful podcaster Joe Rogan once said he felt like he’d “made it” financially when he had enough money to eat at a restaurant at night without feeling guilty and stressed about what it cost the following day.
Rogan’s net worth is now estimated at $200 million, which is all the money in the world — unless you’re Elon Musk. Rogan’s $200 million fortune he made bloviating opinions is less than 0.05% of Musk’s $395 billion fortune he made building cars and rocket ships.
The point is that how you feel about wealth is subjective and can come from many sources. In a country where more than half of all six-figure earners reportedly live paycheck to paycheck, how do you know if you’re rich, or at least richer than you think? Here are seven key signs you may be wealthier than most Americans.
You Make More Than the Median Earner
Your salary, of course, plays a significant role in your ability to accumulate wealth and has a lot to do with how you measure up to the masses.
“The median household income in the U.S. is around $75,000,” said Joel Ohman, certified financial planner and CEO of Clearsurance. “So, if you make more than that, your income is higher than half the people in the country.
“Of course, how far $75,000 takes you will depend on where you live. For example, you have a lot more buying power with $75,000 a year in Glendive, Montana, than you would in Orange County, California.”
Since the cost of living varies so dramatically from one place to the next, area median income (AMI) is a more accurate yardstick to measure your comparative wealth.
HUD Loans by commercial property financing firm Janover offers a state-by-state AMI breakdown with metro, non-metro and total AMI variants. Fannie Mae has a map-based AMI lookup tool that allows for much more granular and local detail.
You’ve Met the Standard Saving Milestones
Even the most impressive income is no indication of wealth if you spend more of it than you make, which so many high earners seem to do. The more accurate barometer, then, is how much you have in the bank.
TO READ MORE: https://www.yahoo.com/finance/news/signs-wealthier-think-152349259.html