$4,000 Gold: Is It Time To Sell?

$4,000 Gold: Is It Time To Sell?

Notes From the Field By James Hickman (Simon Black)  October 7, 2025

You’d think Charles de Gaulle would have been a little bit more grateful to America.

 As head of the Free French Forces during World War II, de Gaulle was essentially a leader in exile, and he had to base himself in England for the majority of the war after the Nazis took Paris.

 It was only because of the sacrifices made by American troops-- and exceptional generosity from US general Dwight Eisenhower-- that de Gaulle was allowed to enter Paris on August 25, 1944.

America had already done all the fighting. But de Gaulle marched through the streets in triumph as if he had personally won the war.

 The US government then went on to cement his power, so de Gaulle became head of France’s post-war provisional government, then later French president. France also received billions in aid from the Marshall Plan, courtesy of US taxpayers.

 The guy pretty much owed his entire political career, not to mention the liberation and economic solvency of his country, to the United States.

But de Gaulle’s ego was far greater than his sense of gratitude; in fact in his own memoirs he compared himself to Joanne of Arc. He even whined that he didn’t receive enough US support.

 The ultimate disrespect came on February 4, 1965. De Gaulle called a press conference to criticize America’s “exorbitant privilege” in global finance, concluding that the world needed to return to a classical gold standard.

 Ever since July of 1944, the world had been on the “Bretton Woods” system. Every currency was pegged to the US dollar, and the US dollar was pegged to gold at a price of $35 per ounce.

Having the global reserve currency meant that America could finance its government deficits by simply printing more money. This is still the case today. De Gaulle was jealous of this benefit, so he tried wrecking the financial system.

In addition to demanding a return to the classical gold standard, de Gaulle also insisted that the US government redeem France’s dollar reserves for gold.

 The idea caught on. Governments around the world, along with financial speculators and investors, started paying attention… and many began trading their dollars for gold as well.

 This trend picked up steam over the next several years until, finally, in 1971, Richard Nixon shut it down… announcing that the United States would no longer redeem US dollars for gold.

 The gold price naturally started to rise. Within a few months, gold was already above $40, up 13.5%. It reached $60 in 1972 (up 42%), nearly $100 in 1973 (up 66%), and $180 in 1974 (up 80%).

 It’s not hard to understand why. Inflation was soaring. The world was a geopolitical hot mess. Then there was the Nixon political scandal at home. Uncertainty abounded, and gold was the remedy.

 But then something interesting happened: Congress passed a law finally allowing private ownership of gold.

It seems crazy today, but ever since 1933, it had actually been illegal for Americans to own gold. Congress reversed this in 1974.

 So just imagine you’re an average American in the 1970s watching gold rise more than 5x, from $35 to $180… but you can’t do anything about it because it’s illegal to buy. Then suddenly the law changes. Almost overnight, US investors started aggressively investing in gold.

Back then, of course, people didn’t have brokerage accounts, let alone access to futures exchanges. And there were no ETFs.

 So instead people bought physical gold coins-- Krugerrands, Eagles, etc. And there was booming demand for a while.

 But right around this time, large investors, hedge funds, etc. started feeling like gold was overbought… and that the price had risen too far, too fast. So they started selling. In fact many funds were selling as small retail investors were buying.

 And as you can imagine, the gold price soon started to fall; in fact the correction lasted roughly 18 months. Gold eventually hit a low of ~$100 in August 1976-- a drop of more than 40% from its record high in 1975.

 Yet even though speculators were selling, the fundamentals of gold had not changed.

 Specifically, foreign governments and central banks were still seeking to diversify from their US dollar holdings. And more importantly, the US government financial condition was still atrocious.

 So after an 18-month hiatus, the gold price started rising again in August 1976… from ~$100 to $800+ in December 1979.

So even though gold had reached a record high in 1974, people who understood the long-term fundamentals, i.e. why the gold price was going higher, saw an additional 4x return. People that were smart enough to buy more when the price fell did even better-- 8x in less than four years.

 And people who sold their gold in 1975 missed the rise from $185 to $850.

 Gold just hit $4,000 today. It’s up more than 50% in a year, and up 100% in two years. So is it time to sell?

In our view, this is like 1975 again. Gold may be overbought now; after all, nothing is supposed to go up (or down) in a straight line.

We’re also seeing interesting data from ETFs. The “GLD”, for example, the world’s largest gold ETF, is seeing record inflows, including more than $2 billion in a single day last month.

 This is a sign that, just like 1975, individual investors are piling in to gold after sitting on the sidelines for the past few years.

 Strong, sudden retail demand is often a top signal, at least temporarily. And it’s possible that there could be a short-term correction.

But even if that happens, it doesn’t change the fundamental story of gold. Just like the 1970s, foreign governments and central banks today are aggressively diversifying their US dollar holdings, and gold is the most convenient asset for them to buy.

We don’t believe this has changed at all. Foreign governments and central banks might pull back on their purchases temporarily to see what happens in the market. But long-term they are still strong buyers of gold thanks to the US government’s terrible fiscal trajectory.

 And despite any short-term corrections, this is what will ultimately drive gold prices higher over the next several years.

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

https://www.schiffsovereign.com/trends/4000-gold-is-it-time-to-sell-153676/?inf_contact_key=a0098e0fbdc4e230a5f948ef216876ecb35f7cb4f843dbaf82489fd4b96e6293

Dr. Scott Young: The US 1861-1865 Banking Crisis

Dr. Scott Young: The US 1861-1865 Banking Crisis

10-7-2025

We often think we know American history, especially pivotal moments like the Civil War. But what if there’s a crucial, often overlooked, layer to the story – one woven deeply into the very fabric of our financial system?

Dr. Scott Young is here to peel back those layers in his new four-part series, introducing us to a fascinating and complex era he aptly terms “pre-fed banking.”

This isn’t just about dusty ledgers; it’s about understanding the financial and political dynamics that shaped a nation. Dr. Young’s inaugural episode dives headfirst into the period from the Civil War era through 1913, asserting that to truly grasp the monumental conflict, we must examine more than just the moral imperative against slavery.

While the moral abomination of slavery was undeniably a central conflict, Dr. Young encourages us to look deeper, to the intricate web of economic and banking interests that fueled the divide.

He highlights how banking crises, fragmented currency systems, and the very nature of collateral created a precarious financial landscape, particularly in the South.

Imagine a financial system where a significant portion of your capital, and thus your ability to secure loans, is tied to human beings. In the South, this was the stark reality.

Plantations and enslaved people served as primary collateral, creating a fragile and ethically bankrupt economic backbone. This contrasted sharply with the North’s burgeoning industrial and banking strength, a system built on diversified assets and commercial enterprises.

This fundamental economic divergence, Dr. Young argues, played a far greater role in escalating tensions than commonly acknowledged.

These actions weren’t just wartime necessities; they were foundational shifts that led to long-term consequences for American financial sovereignty and the power of the federal government.

Perhaps one of the most profound, yet subtle, shifts Dr. Young highlights is the metamorphosis of the American identity itself. Before the Civil War, it was common to hear “the United States are,” implying a coalition of independent states. Post-war, it emphatically became “the United States is,” reflecting a fundamental transformation from a confederation of states to a singular, national entity with a strong central government – a shift solidified by the very banking and financial structures put in place.

Dr. Scott Young’s initial installment is a powerful reminder that history is rarely as simple as it seems. By coining the term “pre-fed banking,” he invites us to explore a crucial chapter in American economic history, one that profoundly influenced the Civil War and set the stage for the federal banking developments and complex corporate formations to come.

This is just the beginning of a fascinating four-part series that promises to unpack the long-term consequences and the evolution of American financial sovereignty right up to the establishment of the Federal Reserve.

Ready to dive deeper into this untold history?

https://youtu.be/HH6Np9zSQJs

https://dinarchronicles.com/2025/10/07/dr-scott-young-the-us-1861-1865-banking-crisis/

News, Rumors and Opinions Tuesday 10-7-2025

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

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 7 Oct. 2025

Compiled Tues. 7 Oct. 2025 12:01 am EST by Judy Byington

QFS INTEGRATION – CONTROL TRANSFER UNDERWAY: Over 91% of SWIFT corridors are (allegedly)  now mirrored under QFS surveillance. Central banks are being algorithmically drained. Military teams are (allegedly)  physically inside former IMF and BIS command rooms. The IRS is (allegedly)  dismantled, with less than 7% of servers under military lockdown.

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Mon. 6 Oct. 2025 THE SILENCE BEFORE THE SWITCH …Mr. Pool on Telegram

DURING THE ONGOING SHUTDOWN, ALL FEDERAL PAYMENT SYSTEMS HAVE BEEN QUIETLY (allegedly)  ROUTED THROUGH TEMPORARY MILITARY CHANNELS. CIVILIAN BANKING NETWORKS ARE STILL RUNNING, BUT UNDER MONITORED STATUS. A FINAL TRANSFER COMMAND IS (allegedly)  WAITING FOR AUTHORIZATION.

INSIDE THE TREASURY, SECURE TEAMS ARE (allegedly)  VERIFYING GOLD RESERVES AND REASSIGNING DIGITAL CODES TO QFS-APPROVED ACCOUNTS. EVERY OUNCE, EVERY LEDGER, EVERY SIGNATURE IS (allegedly)  BEING CROSSCHECKED. THIS IS NOT AUDITING, THIS IS RECLAMATION.

THE FEDERAL RESERVE HEADQUARTERS (allegedly)  REMAINS LIT AT NIGHT, BUT ONLY MILITARY PERSONNEL (allegedly)  ENTER AND EXIT. INTERNAL SERVERS ARE(allegedly)   BEING DRAINED AND MIRRORED INTO THE QUANTUM MAINFRAME. THE OLD ECONOMIC ENGINE IS BEING (allegedly)  SWITCHED OFF FROM WITHIN.

EBS TESTS CONTINUE UNDERGROUND. WHEN THE FINAL REBOOT OCCURS, EVERY DEVICE ON EARTH WILL (allegedly)  RECEIVE THE SAME MESSAGE – THE ANNOUNCEMENT OF A NEW SYSTEM, GOLD-BACKED AND PEOPLE-OWNED.

The shutdown was never a breakdown. It was preparation for transition. The world stands one signal away from the reset.

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

Possible Timing:

Mon. 6 Oct. 2025 INTELLIGENCE BRIEF – THE QUANTUM WEEK

Sat. 4 Oct 2025 — Baghdad Signal Initiated. The Prime Minister of Iraq ordered 7 days of national celebration. Hidden inside that decree: Iraq’s Central Bank (allegedly)  connected to the Quantum Mainframe. The signal went live.

Mon. 13 Oct — Market Fracture Point 209 banks across the world (allegedly)  linked to the gold-backed QFS. 97 Central Banks fully integrated, 82 pending. The old fiat code started (allegedly)  dying from within.

Tues. 14 Oct — WORLD QUANTUM DAY Bitcoin = Null. SWIFT = Terminated. Data centers = Gone. Only ISO20022 gold-backed assets survived. The stock market cratered. The death of the old became the birth of the new.

Wed. 15 Oct — The Broadcast Trigger Global blackout. EBS (allegedly)  active. Communications collapsing in waves. Trump’s Global Military Alliance (allegedly)  seizing control. Truth unleashed. Justice transmitted. Federal Reserve & IRS (allegedly)  abolished. Income tax (allegedly)  gone — replaced by 14% on luxury only. Common Law (allegedly)  restored. The Republic(allegedly)   reborn

Read full post here:  https://dinarchronicles.com/2025/10/07/restored-republic-via-a-gcr-update-as-of-october-7-2025/

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

Frank26  This thing Sudani did [Extend the national holiday to 7 days] was interesting...This is the perfect time for Sudani to release the new exchange rate...

Militia Man   When they do adjustments to currencies, Central Banks and the powers that be are very tight lipped about it and that's why we don't have a specific date and rate.

Militia Man   Article:   "Iranian Parliament approves the deletion of the 4 zeros from the national currency".   It's about the Iranian parliament...This isn't the first time we've heard this.  Quote:  "Converting 10,000 old rials to 1 new rial to simplify transactions amid hyperinflation and sanctions because it's 900,000 rials to the dollar."  900,000. Iraqi dinar is 1310.  This isn't Iraq's path, but it shows regional currency reforms and efforts.  Iraq is a totally different story.  It has completely different circumstances.  Definitely don't compare the two like being one...Iran's move addresses devaluation  without a full revaluation.  Iraq has 8% inflation in the first half of 2025 which is historically low...

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Pentagon Iraq Announcement | Forex Market | Eric Trump's Prediction

Edu Matrix:  10-7-2025

In today’s video, we’re diving into two explosive stories — one from Iraq’s shifting military landscape and another from the crypto world that could change everything for investors.

The Pentagon has confirmed it’s scaling back its mission in Iraq, which could open the door for Israel’s next strategic moves against militants backed by Iran. With U.S. troops reducing their presence, the balance of power in the Middle East could shift dramatically.

Meanwhile, in currency and crypto news, global forex trading has surged to a record $9.6 trillion a day, proving the dollar’s dominance — but there’s a twist.

 Eric Trump recently predicted Bitcoin could hit $1 million, and while critics didn’t fully agree… they didn’t disagree either

https://www.youtube.com/watch?v=UhrFjo7H3LE

MilitiaMan and Crew: IQD News Update-Digital Trade-Gold-Electronic Mechanisms

MilitiaMan and Crew: IQD News Update-Digital Trade-Gold-Electronic Mechanisms

10-7-2025

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……..

https://www.youtube.com/watch?v=DQkeGdKh9eQ

Iraq Economic News and Points To Ponder Tuesday Morning 10-7-25

Iraqi Securities Commission launches major reforms to boost investment and meet Vision 2030

IRAQ Jawad Al-Samarraie October 6, 2025

Baghdad (IraqiNews.com) – The Iraqi Securities Commission (ISC) announced today, Monday (October 6, 2025), a comprehensive strategy to modernize the country’s capital market, asserting that the reforms are fundamental to achieving Iraq’s Economic Vision 2030. The announcement was made by Chairman Faisal Al-Himais during the “Global Investor Week” conference, marking the ISC’s 21st anniversary.

Al-Himais emphasized that the government, under Prime Minister Mohammed Shia Al-Sudani’s patronage, is committed to creating a transparent environment, positioning the Iraq Stock Exchange (ISX) as a key engine for economic growth. This commitment involves modernizing both the legal and technical foundations of the market.

Yasin Taha Weis, a member of the ISC Council, detailed the legal reforms, confirming that the ISC is working to replace the outdated Coalition Provisional Authority (CPA) legislative order of 2004 with a new law that will increase investment guarantees.

This proposed law has already had its second reading in Parliament. Additionally, the ISC is upgrading the infrastructure and work methods of the ISX by collaborating with major international companies that specialize in electronic trading systems.

The commission’s strategy is twofold: to enhance oversight and organization, and to significantly expand the base of listed companies. According to Weis, increasing the number of listed companies and improving their performance is vital, as it directly correlates with greater investor engagement and a rise in the total volume of investment in the market.   https://www.iraqinews.com/iraq/iraqi-securities-commission-vision-2030-reform/

 Kirkuk-Banias Pipeline And Its Strategic Importance
 
Economic 2025/10/07  Dr. Hamid Rahim Janani     Concerns remain about the fate of Iraq's oil export capacity in the event of conflicts in the region. It is illogical for 90 percent of exports to be dependent on the Strait of Hormuz, which is under constant security and military pressures, evident in the escalating statements of the warring states from time to time.

Radical solutions may require specific approaches, projects, and significant effort, and even a relatively long period of time to achieve a high degree of flexibility in export outlets. What is important is to implement short- and medium-term measures to achieve radical strategic solutions in the long term.

The issue of the oil pipeline from Kirkuk Governorate to the Baniyas oil port in Tartous Governorate, northwest of Syria, on the Mediterranean coast, was recently raised. This issue could constitute a pivotal point in Iraq’s export policy.

This pipeline was established in the 1950s with an export capacity of up to (300) barrels per day, with a length of (891) km and a diameter of (30) inches. Pumping in the pipeline stopped during the Iran-Iraq war.

The pipeline was restarted in 2000, but it broke down again. It was exposed to significant damage after 2003 and is still stopped.

The efforts of the governments in Iraq and Syria to revive this pipeline have surfaced, and here comes the role of economic analysis in determining the importance of this step if it is successful, as the rehabilitation costs are estimated at (8) billion dollars, and it is possible to change the export capacity to reach (700) thousand, which is a relatively good thing, and may largely justify the size of the costs necessary for re-operation.

This pipeline also constitutes an important factor in diversifying export outlets and alleviating the state of Focusing on the Strait of Hormuz, and as is clear, transport via pipelines is the least expensive of all means of transport, which enhances the chances of maximizing oil profits if it is possible to export a larger quantity of oil via pipelines instead of sea tankers and land transport.

 It is important to point out a very important issue, which is the possibility of Iraq possessing a card that gives it strength in its negotiations with the Turks regarding the (Ceyhan) pipeline, given that the outlets will be more available to Iraq and will not be limited to the Turkish side only.

The project is large and will represent a qualitative shift that enhances Iraq’s oil status, so the pace must be accelerated and solutions must be found to the outstanding problems, especially the security one.

It is also necessary to involve foreign parties in financing, consulting or investment partnerships to link interests, while studying the possibility of increasing the export capacity to numbers greater than what was mentioned. https://alsabaah.iq/121711-.html   

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

Seeds of Wisdom RV and Economics Updates Tuesday Morning 10-7-25

Good morning Dinar Recaps,

India Launches Foreign Currency Settlement System via GIFT City

By enabling local foreign exchange settlements, India accelerates its shift toward financial sovereignty and reduces reliance on Western clearing networks.

What’s New & Why It Matters

  ● GIFT City System Launch: India has launched a foreign-currency settlement system in its GIFT City financial hub. Transactions in USD (and other currencies) can now be settled locally, avoiding time delays through overseas correspondent banks. 
  ● Standard Chartered Role: Standard Chartered India is supporting U.S. dollar clearances under the new framework.
  ● Strategic Ambition: This move strengthens India’s capacity to control its own financial infrastructure and signals a step toward reducing dependency on legacy global rails.

How It Relates to Global Financial Restructuring

• Decentralizing dominance: India is carving out alternatives to traditional Western-dominated settlement systems.

• Regional gravity shift: As major economies build own rails, capital flows may realign closer to India or South Asia.

• Incremental resilience: With local settlement, India insulates itself from external disruptions in cross-border finance.

Key Takeaway

India’s move is more than infrastructure upgrade — it’s a deliberate pivot toward monetary autonomy in a fracturing financial world.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™ Exclusive
Source:  Financial Times, Reuters

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France’s Government Collapse: A Warning Sign for Western Order

When political dysfunction strikes key Western states, it weakens the pillars of the old global financial and governance architecture.

What Happened

  ● Historic Resignation: Prime Minister Sébastien Lecornu resigned just hours after unveiling his cabinet, making it the shortest-lived government in modern French history.
  ● Market Turmoil: French stocks tumbled ~1.4–2%, bond yields spiked, and the euro weakened. 
  ● Credit Warning: Rating agencies issued fresh warnings over France’s sovereign credit outlook amid deep political paralysis. 

Underlying Drivers & Systemic Risks

• Fragmented Parliament: France’s legislature is deeply split, making coalition governance nearly impossible.

• High Debt & Deficits: Public debt exceeds 110% of GDP, with deficits far beyond EU thresholds. 

• Political Polarization: Distinct right, left, and centrist blocs prevent consensus.

• Legitimacy Crisis: Repeated government failures erode faith in institutions and accelerate political fatigue.

Global Implications & Connections to Restructuring

• Weakening Western Anchors: When major Western powers falter, their financial and diplomatic influence weakens — creating space for alternative blocs.

• Risk Premiums & Capital Flight: Investors may redirect capital to more stable regimes or emerging powers.

• Dollar & Euro Pressure: Financial turmoil can stress reserve currencies and inspire deeper de-dollarization or parallel systems.

• Institutional Erosion: The failure of governance in key nations accelerates the shift toward multi-pole structures, regional alliances, and financial fragmentation.

Why This Matters

France is not just another European country — it’s a central pillar of EU influence, NATO strategy, and global finance. Its instability sends shockwaves through markets and institutions alike.
If Western systems crumble, the architecture they built becomes vulnerable to replacement.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™ Exclusive

Sources:  Modern Diplomacy, Reuters

~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website
Thank you Dinar Recaps

“Tidbits From TNT” Tuesday Morning 10-7-2025

TNT:

Tishwash:  A large US military convoy enters Baghdad through the Al-Suqour checkpoint west of the capital - Urgent

 A local source reported, on Monday (October 6, 2025), that more than 50 American military vehicles crossed the Al-Suqour checkpoint on the international road linking Anbar and the capital, Baghdad.

The source told Baghdad Today, "The convoy included various military vehicles, including armored vehicles and minesweepers, in addition to large containers believed to be carrying logistical equipment and military supplies."

He added that "the movement took place under tight security measures, with Iraqi forces deployed along the route," noting that "this convoy is one of the largest US movements in recent months." link

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Tishwash:  Sudanese: Exchange rate reform in Iraq should be an example of commitment and confidence

 According to Prime Minister Mohammed Shia al-Sudani, on Tuesday, the currency reform in Iraq should be an example of commitment and confidence.

 The Sudanese will receive today a delegation from KPMG, an international financial audit and consulting firm, during the ongoing protests, the press office said in a statement The company's cooperation with the Iraqi Monetary Authority guarantees the government's efforts to enhance the transparency of its operations and maintain the financial reputation of Iraq.

 Sudani pointed out that "monetary reform in Iraq should serve as an example of commitment and confidence, and the role that financial audit companies play in the government's pursuit The government is looking forward to several strategic partnerships with these companies through the credibility of the Iraqi state institutions International Finance and Economics Complex"

 "Iraq is committed to implementing the government's financial and spending reform program, and has played a role in improving financial classification and raising the confidence of international companies," he said "It is a great achievement in the implementation of compliance standards and the fight against money laundering, and the transition to the latest electronic accounting system.

 He stressed the importance of using the company's expertise in the structure of public companies to promote operational efficiency, public religious administration, technical and legal advice Specialist in contract formulation for large strategic projects"Z

 The Government supports the efforts of the Central Bank of Iraq and the Iraqi Bank for Commerce in the technical coordination agreement with KPMG to ensure the speedy completion of due diligence and compliance According to international standards, the timetable for the issuance of final expenditure accounts”, he stressed that “the government emphasizes transparency and financial issues as fundamental pillars in construction  link

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Tishwash:  The Prime Minister directs the relevant ministries and authorities to remove obstacles facing the private sector.

Prime Minister Mohammed Shia al-Sudani directed the relevant ministries and authorities on Monday to remove obstacles facing the private sector, stressing the importance of providing an appropriate environment for its work in various industrial fields.

The Prime Minister's media office said in a statement that "Prime Minister Mohammed Shia al-Sudani chaired the periodic meeting of the Industrial Coordination Council, attended by the Minister of Finance and the Ministers of Oil, Trade, Industry and Minerals, the Chairman of the Advisory Board, the Chairman of the Iraqi Federation of Industries, and a group of representatives of the industrial sector."

According to the statement, al-Sudani directed "all relevant ministries and authorities to remove obstacles facing the private sector and adapt laws to benefit industrial development plans and projects implemented across Iraq," stressing "the importance of providing an appropriate environment for the private sector to operate in various industrial fields by focusing on the industrial, legal, and legislative environment to ensure the wheel of investment in the country is moving.

" He also directed "members of the Industrial Coordination Council to pay attention to the private industrial sector and work to resolve the problems and obstacles facing its work, with the aim of expanding its participation and activity in developing the national economy."

The statement continued, "The meeting reviewed the topics on the agenda, as it was agreed to include partnership contracts concluded in all public companies affiliated with the Ministry of Industry and Minerals, with the private sector, by Cabinet Resolution (24413 of 2024), until the issuance of the new Federal General Budget Law, and because paragraph (Supporting the Industrial Sector / 2 / First) of the aforementioned resolution came in an absolute manner to include all raw materials entering into local industries without discrimination between the importing party."

He added, "The meeting witnessed approval to reduce the price of liquefied gas (LPG) to become (300) thousand dinars per ton, for industrial projects, except for brick factories that have a certificate of completion of establishment issued by the General Directorate of Industrial Development, the National Investment Authority or all investment authorities," explaining, "It was agreed to oblige ministries and entities not affiliated with a ministry and all governorates to cover their needs for liquid medical gases, industrial gases, liquid nitrogen, and argon from national factories."

He pointed out that "the meeting approved exempting industrial projects from the advertising and competition requirement, provided that the Minister of Industry and Minerals and the head of the Federation of Industries submit a specific recommendation on the matter."

 He explained that "the meeting agreed not to relocate industrial projects that have obtained the necessary approvals from the General Directorate of Industrial Development at the Ministry of Industry and Minerals, the National Investment Commission, and the Federation of Industries, which prove that they do not impact the environment according to environmental impact studies, and that the relevant departments in the governorates will direct industrial project owners to address their environmental violations."

Regarding addressing obstacles to the separation and ownership of industrial project owners established on common agricultural lands, the statement stated that "the Iraqi Federation of Industries was directed to hold a workshop attended by the Director General of the Real Estate Registration Department and the Director General of the Agricultural Lands Department, regarding environmental issues, while obligating the governorates to obtain the approval of the industrial and agricultural sector authorities before proceeding with the procedures for updating urban planning for cities."

He pointed out that "the Ministry of Trade's proposals were approved, which include the Ministry of Trade/Private Sector Development Department, in coordination and cooperation with the Ministries of Industry and Minerals, Planning, Labor and Social Affairs, and the Iraqi Federation of Industries, to prepare training programs for the private sector to develop small and medium enterprises, as well as expand contracts with local factories to market their products through their hypermarket outlets."

As part of the steps to support the national product and advance the production and industrial sector, the statement explained that "approval was given to update the Ministry of Planning's guide to encourage national products, regarding information related to industrial sectors on the ministry's electronic platform."   link

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Mot: Dang - Those Daze Were tough!!!!  

Mot: . Bestest Server Ever!!!!!

FRANK26….10-6-25…..OPEN THE BUDGET

KTFA

Monday Night Video

FRANK26….10-6-25…..OPEN THE BUDGET

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

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

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

https://www.youtube.com/watch?v=5fO3-lAacoE

Iraq Economic News and Points To Ponder Monday Evening 10-6-25

The Prime Minister Directs The Relevant Ministries And Authorities To Remove Obstacles Facing The Private Sector.
 
Yesterday, 19:10 Baghdad – INA   Prime Minister Mohammed Shia al-Sudani   directed relevant ministries and agencies on Monday    to remove obstacles facing the private sector,  stressing the importance of providing an enabling environment for private sector activity  across various industrial sectors.

The Prime Minister's media office said in a statement received by the Iraqi News Agency (INA):
 
"Prime Minister Mohammed Shia al-Sudani  chaired the regular meeting of the Industrial Coordination Council,in the presence of the    Minister of Finance and the    Ministers of Oil, Trade, Industry and Minerals, the    Chairman of the Advisory Board, the    Chairman of the Iraqi Federation of Industries, and a group of    representatives of the industrial sector." 
 
Al-Sudani directed, according to the statement,    "all relevant ministries and authorities to  remove obstacles facing the private sector and   adapt laws to support  industrial development plans and  projects implemented throughout Iraq."
 
He stressed the    importance of providing a suitable environment for the private sector        to operate in various industrial fields,  by focusing on the industrial,   legal, and  legislative environment   to ensure the wheel of investment is stimulated in the country.
 
He also directed "members of the Industrial Coordination Council to    prioritize the private industrial sector and    work to resolve the problems and obstacles facing its operations,  with the aim of expanding its  participation and   activity in  developing the national economy."
 
The statement continued,   "The meeting reviewed the topics included on the agenda,as it was agreed to include partnership contracts concluded in all public companies affiliated with the Ministry of Industry and Minerals, with the private sector, by Cabinet Resolution (24413 of 2024),
 
until the issuance of the new Federal General Budget Law, and because the paragraph (Supporting the Industrial Sector / 2 / First) of the aforementioned resolution came in an absolute manner to include all raw materials entering into local industries without discrimination between the importing party." 

He added,   "The meeting witnessed the approval to    reduce the price of the liquefied gas product (LPG) to become (300) thousand dinars per ton, for industrial projects,  except for brick factories    that have a certificate of completion of establishment  issued by the  General Directorate of Industrial Development, the National Investment Authority or   all investment bodies," explaining,
 
"It was approved to oblige    ministries and    entities not affiliated with a ministry and    all governorates  to cover their needs for   liquid medical gases,   industrial gases, liquid nitrogen, and    argon   from national factories."  He pointed out that
 
"the meeting approved exempting industrial projects from the advertising and competition requirement, 
provided that the  Minister of Industry and Minerals and the    head of the Federation of Industries  submit a specific recommendation on the subject," explaining that
 
"the meeting agreed not to transfer industrial projects that have obtained the necessary approvals from the General Directorate of Industrial Development at the Ministry of Industry and Minerals, the National Investment Authority, and the Federation of Industries,
 
which prove that they do not have an impact on the environment according to environmental impact studies, and that the relevant departments in the governorates direct the owners of industrial projects to address their environmental violations."

Regarding addressing the obstacles to the allocation and ownership of industrial projects established on shared agricultural land, the statement stated that
 
"the Iraqi Federation of Industries was directed to hold a workshop attended by the Director General of the Real Estate Registration Department and the Director General of the Agricultural Lands Department, regarding environmental issues, with the governorates being required to obtain the approval of the industrial and agricultural sector authorities before proceeding with urban planning modernization procedures for cities."  He pointed out that
 
"the Ministry of Commerce's proposals were approved, which include the Ministry of Commerce/Private Sector Development Department coordinating and cooperating with the Ministries of Industry and Minerals, Planning, Labor and Social Affairs, and the Iraqi Federation of Industries, to prepare training programs for the private sector to develop small and medium enterprises, as well as expanding contracts with local factories to market their products through their hypermarket outlets."
 
As part of efforts to support national products and advance the production and industrial sector, the statement explained that "approval has been given to the Ministry of Planning to update the National Product Promotion Guide, with regard to information pertaining to industrial sectors, on the ministry's electronic platform."   https://ina.iq/ar/economie/245087-lpg.html    

Internal Audit Charter
 
October 06, 2025      Internal Audit Charter      :diamonds: 2019  / 2021 / 2025   

 https://cbi.iq/static/uploads/up/file-164490791249341.pdf  

   https://cbi.iq/static/uploads/up/file-164490793413698.pdf

    https://cbi.iq/static/uploads/up/file-175973217568117.pdf
  
https://cbi.iq/news/view/3003   

Securities: Modernizing The Working Methods In The Iraqi Market In Cooperation With Specialized International Companies

Local   The Securities Commission confirmed on Monday that it is modernizing the infrastructure and operating methods of the Iraqi market in cooperation with specialized international companies, while emphasizing its efforts to enhance oversight and expand the base of listed companies.

Member of the Securities Commission Board, Yassin Taha Weiss, said: “The Commission is the body responsible for monitoring, supervising and regulating the securities sector in Iraq, and was established pursuant to Legislative Order No. (74) of 2004, which defined its legal, administrative and financial duties.

He added, "The Commission, twenty-one years after its establishment, is still young and capable of growth and development, and has witnessed remarkable progress in the preparation of regulations and systems."

He explained that "the Commission is currently working on preparing a new draft law to replace the dissolved Coalition Provisional Authority order, in line with modern Iraqi legislation and increasing investment guarantees."

He added, "The proposed law has been given a second reading in the House of Representatives and is expected to strengthen the legal and regulatory environment for the securities sector."

He noted that "the Commission has developed in the areas of regulation and supervision, and has contributed to supporting the Iraq Stock Exchange by modernizing its infrastructure and working methods in cooperation with major international companies specializing in electronic systems for securities trading."

Weiss pointed out that "the Authority is looking forward to increasing the number of listed companies and improving their performance," explaining that "improved performance of joint-stock companies leads to increased investor interest in trading their shares, and the broader the base of listed companies, the higher the volume of investment in the market, which is the goal the Authority is seeking to achieve in coordination with relevant sectoral entities."
https://economy-news.net/content.php?id=60815

Rafidain Bank Closes Its Branches In Sana'a After Previous US Threats.

Banks  Economy News – Baghdad   Yemeni Minister of Information, Culture and Tourism Muammar al-Eryani revealed on Sunday that the Iraqi state-owned Rafidain Bank has closed its branches in Sana'a.

Al-Eryani said in a blog post on the "X" website that "the decision of the Iraqi Rafidain Bank to close its branch in Sana'a and end its financial and banking activities is a step in the right direction and a direct result of international efforts aimed at drying up the sources of funding for the terrorist Houthi group affiliated with Iran."

He pointed out that this measure "reflects a positive response to government warnings and US and international pressure, and sends a clear message to other regional and international financial institutions about the need to review their activities and ensure they do not fall into the cycle of exploitation or use to serve the agendas of the Iranian regime and its terrorist arms in the region."

Al-Eryani asserted that "the Houthis have transformed financial and banking institutions operating in areas under their control into tools for plundering Yemenis' money and financing their cross-border terrorist activities."

Last August, US Representative Joe Wilson accused the state-owned Rafidain Bank of conducting financial transactions with the Houthi group in Yemen, threatening to cut off US financial support to Iraq as a result.

Wilson wrote in a post on X (formerly Twitter) that "the Iraqi state-owned Rafidain Bank is conducting financial transactions for the Houthis, a terrorist organization," adding, "We have a name for these countries: state sponsors of terrorism."

"I will work to cut off funding to Iraq during the next appropriations legislation" in the US budget, he added.

Wilson also urged the US Treasury to "punish" Rafidain Bank.  https://economy-news.net/content.php?id=60756

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

Debt Crisis Builds, Gold Soars, System Reset

Debt Crisis Builds, Gold Soars, System Reset

ITM Trading: Taylor Kenny:  10-5-2025

The economic landscape feels more unpredictable than ever. From rising prices at the grocery store to whispers of financial instability, many are asking: What’s really going on with our money and our future?

A recent video from ITM Trading, featuring Taylor Kenney and Eric Griffin, dives deep into these pressing questions, offering insights that challenge conventional thinking and highlight crucial strategies for wealth preservation.

The conversation opens with a stark look at the commercial real estate (CRE) market. Imagine a perfect storm: rising interest rates making borrowing more expensive, declining occupancy rates (thank you, remote work!), and a mountain of adjustable-rate mortgages (ARMs) facing refinancing deadlines.

 This isn’t just a hiccup; it’s a recipe for potential disaster.

As interest rates climb, property values naturally fall, making refinancing a nightmare. Many commercial property owners will struggle to meet their obligations, potentially triggering a financial crisis in the sector.

 The proposed “solution”? Central banks might resort to what’s known as “extend and pretend” – temporarily cutting interest rates to allow owners to refinance at lower rates, thereby propping up asset values and delaying the inevitable. It’s a bandage, not a cure, and it has significant implications for the broader economy.

But the real story of our current economic woes isn’t just about rising prices – it’s about the very foundation of our money.

The video powerfully argues that inflation is fundamentally currency debasement. When central banks engage in excessive money printing, they erode the purchasing power of the dollar. This isn’t just theory; it’s a fundamental erosion of your savings and your future wealth.

This perspective flips the script: traditional fiat currencies (like the dollar) are not truly “real money” because their value can be manipulated and diminished by policy. Instead, the rising price of assets like gold isn’t necessarily because gold is getting more expensive; it’s because the dollar is losing its value.

In this environment of currency debasement, precious metals like gold and silver emerge as vital tools for wealth preservation.

Gold, with its intrinsic value, acts as a hedge against a weakening dollar. It’s “real money” that has stood the test of time, unlike paper currencies that have historically come and gone.

A common question is, “Is it too late to invest in gold?” The experts in the video suggest quite the opposite. Given the ongoing monetary debasement, long-term gold prices could far exceed current levels. It’s about protecting your purchasing power over time, not short-term speculation. And for those concerned about accessibility, gold can be acquired in fractional ounces, making it reachable for various budgets.

The video also delivers a critical warning: physical precious metals are paramount. Relying on paper or digital gold products (like ETFs or bank-held accounts) carries significant risks.

In times of crisis, digital assets can be frozen, devalued, or simply inaccessible. Physical gold and silver, however, provide tangible security and control – “money in your hand” that isn’t subject to the whims of financial institutions or government policies.

And don’t overlook silver! Often called “poor man’s gold,” it offers similar protective qualities and is particularly useful for smaller-scale transactions or barter in a truly extreme scenario, complementing gold’s role as a major wealth preserver.

Looking ahead, the experts warn of continued challenges: potential stagflation (a toxic mix of stagnation and inflation), job market shifts due to technological advances like AI, and the near certainty of more money printing to combat economic headwinds. In such an environment, waiting to act could prove costly.

The message is clear: proactive positioning is key. By understanding the true nature of currency debasement and acquiring physical precious metals like gold and silver, you can protect your wealth and secure your financial future in an increasingly uncertain world.

Watch the full video from ITM Trading with Taylor Kenney joined by Eric Griffin for further insights and information. Understanding these dynamics now could be the most important financial decision you make.

https://youtu.be/nx5RP9CPo3Q

BRICS Just Built the System that will Replace the Dollar

BRICS Just Built the System that will Replace the Dollar

Cyrus Janssen:  10-6-2025

For the past 80 years, the US dollar has been the undisputed king of global finance, its dominance underpinning the world’s economic order.

 But a seismic shift is underway, spearheaded by the BRICS alliance – Brazil, Russia, India, China, and South Africa – that promises to fundamentally reshape the financial landscape.

They’re not just talking about it; they’re building it – a groundbreaking, resource-backed financial system designed to challenge Western hegemony and usher in a new era of economic sovereignty.

At the heart of BRICS’ revolutionary vision is the establishment of a dedicated precious metals exchange. This isn’t just about trading gold; it’s about enabling payments directly in gold and rare earth minerals.

This strategic move leverages BRICS’ formidable control over 72% of the world’s rare earth mineral reserves. These aren’t just obscure elements; they are the irreplaceable components of modern technology, from smartphones to electric vehicles, and crucially, advanced military hardware.

This unparalleled control over essential resources grants BRICS unprecedented geopolitical leverage.

This pivot isn’t happening in a vacuum. It’s a direct counter to a global financial system that has historically been controlled by Western institutions like the London Metal Exchange and the SWIFT payment network.

 The weaponization of these systems – particularly the exclusion of Russia from gold trading and payment networks following the conflict in Ukraine – served as a stark reminder of the vulnerabilities inherent in a centralized, Western-dominated architecture.

BRICS’ new exchange aims for independent, transparent financial mechanisms, enabling fair pricing free from unilateral Western sanctions and undermining the ability to enforce financial controls on sovereign nations.

Indeed, the signs of the dollar’s receding global tide are becoming increasingly undeniable. Nearly 70% of BRICS trade now bypasses the dollar, with nations like Russia and China increasingly conducting bilateral trade in their own national currencies.

Consequently, global dollar reserves are at their lowest since 2000. Even the dollar’s strategic cornerstone, the petrodollar, is losing ground as Saudi Arabia begins accepting the yuan for some oil sales.

Meanwhile, BRICS nations are actively amassing gold reserves and developing alternative financial infrastructures, such as China’s gold vault for foreign central banks, providing robust protection against Western sanctions.

Africa, with its vast untapped mineral wealth, is a crucial chess piece in this new game. The continent is increasingly integrating into this new system, leveraging its abundant natural resources to become a significant player in the rare earth mineral market.

Countries like Angola and Nigeria are investing heavily in mining and processing, eager to channel new wealth through BRICS-backed markets rather than Western-controlled systems.

For the United States, this evolving landscape presents particular challenges. A significant lack of domestic rare earth mineral production, especially for critical materials like nobbium – which Brazil largely controls – creates a substantial dependency.

This reliance directly undermines US military capabilities, given that many advanced weapons systems are built with these very elements. China’s near-monopoly on rare earth mineral processing further exacerbates the West’s vulnerability, creating a bottleneck that can be exploited.

In essence, what BRICS is meticulously constructing is a counter-narrative to the prevailing dollar-based, debt-heavy Western model.

 Their new global order emphasizes tangible assets, economic sovereignty, and the undeniable power that comes from controlling essential resources.

This is more than just a financial maneuver; it’s a declaration of economic independence and a historic rebalancing of global power. The world is witnessing a monumental shift in global trade and finance, with BRICS at the forefront, forcing the West to either adapt to this new reality or risk obsolescence.

Want to dive deeper into this monumental shift? Watch the full video from Cyrus Janssen for further insights and information.

https://youtu.be/UBh4QtVZwL0

Iraq Economic News and Points To Ponder Monday Afternoon 10-6-25

Imminent Economic Explosion
 
Smuggling dollars under the guise of gold is pushing the mithqal toward "one million," and popular concern is growing about the collapse of purchasing power.

Economy / Special Files | Baghdad Today – Baghdad   Iraq is witnessing a complex gold crisis in early fall 2025, combining two main dimensions: the first is the record-breaking rise in gold prices both locally and globally, with the price of a mithqal approaching one million dinars; the second is the use of imports as a cover for smuggling dollars abroad.

This dual equation has placed the Iraqi economy under increasing pressure, threatening monetary and social stability at a time of escalating regional tensions and increasing fragility in global markets.

Economic expert Nasser Al-Kanani explained to Baghdad Today that "the price of a mithqal of gold has reached unprecedented levels, approaching one million dinars, sparking widespread concern among citizens and traders.

This sharp rise is linked to intertwined internal and external factors, most notably the rise in global gold prices as a result of geopolitical tensions and slowing economic growth, in addition to the decline in the value of the Iraqi dinar against the dollar due to speculation and the scarcity of hard currency in the local market."

Al-Kanani points out that the increased demand for gold locally as a safe haven for storing money amid financial market instability has contributed to the amplification of the crisis, especially given the absence of clear fiscal policies and weak oversight mechanisms for goldsmith markets. These factors have raised the costs of marriage and popular savings to unprecedented levels, reflecting the profound social dimensions of the economic crisis.

For his part, economic expert Ahmed Al-Tamimi confirmed to Baghdad Today that the import operations themselves have turned into a means of smuggling hard currency.

 Al-Tamimi told Baghdad Today, "Recently, we have witnessed gold imports from the UAE and Turkey more than in previous periods, which indicates the presence of dollar smuggling operations through such import operations, especially since the dollar for these operations is exchanged at the official rate via a special platform, which generates significant profits for some of these smugglers."

Al-Tamimi stressed that "there must be strict controls on gold imports from abroad, and imports must be according to specific weights and timescales between each transaction." He warned that the continuation of this pattern could lead to "renewed US measures on the dollar in Iraq."

According to economic estimates, the continued exploitation of the official dollar platform for imports exposes Iraq to additional pressure on the financial system and increases the likelihood of international restrictions or sanctions.

Independent MP Kazim Al-Fayyadh revealed in an interview with Baghdad Today that "there are fake and non-fake companies working to smuggle currency in various illegal ways, some of which were uncovered by the competent authorities in recent times.

" Al-Fayyadh added that "despite the tightening of security and oversight by the Central Bank and other agencies, these companies are still working to smuggle currency, and this is considered the most prominent reason for the continued rise of the dollar in the parallel market."

The statements reflect the nature of the overlap between economics and politics, as some of these companies operate under the cover of influential parties, which complicates the task of oversight and security agencies and makes smuggling a persistent phenomenon despite government campaigns.

The Parliamentary Security and Defense Committee, for its part, announced the implementation of a series of operations against currency smuggling mafias. Committee member MP Yasser Iskandar Witout told Baghdad Today, "Smuggling hard currency in all its forms drains the country's economic capabilities and leads to pressure on markets by raising the exchange rate, which in turn leads to higher prices.

" He added, "Six operations carried out in recent months represent qualitative strikes against hard currency smuggling mafias in Iraq, and they have borne fruit." However, he stressed that "smuggling has not ended yet, and efforts are ongoing to end it."

These attacks reveal an ongoing confrontation between state institutions and parallel economic networks. Security interventions have partially curbed the phenomenon, but the absence of long-term institutional solutions allows it to return in various forms.

From these data, it's clear that gold in Iraq has transformed from a mere consumer and investment commodity into a strategic asset reflecting broader crises. While the state benefits from the increased value of its gold reserves and the strengthening of the central bank's monetary position, society is paying a heavy price through price hikes and declining purchasing power, while imports become parallel channels for dollar smuggling.

Independent research estimates confirm that any radical solution requires linking fiscal and monetary policies with security measures, rebuilding oversight mechanisms for gold trade and imports, and providing citizens with alternative savings instruments that reduce their reliance on gold alone. Without these steps, gold in Iraq will remain a symbol of a double crisis: official gain and popular loss.

Source: Baghdad Today Monitoring and Follow-up Department   https://baghdadtoday.news/284526-.html

Iraq Is The First Arab Country To Buy Gold.

Money and Business  Economy News – Baghdad   The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Monday that Iraq has become the Arab world's leading buyer of gold. He also noted that Iraq is working to localize the gold and jewelry industry within the country by launching the Global Gold City project.

Saleh said, "The Global Gold City, recently approved by the Council of Ministers in the capital, Baghdad, is expected to be completed within two to five years, with partial and gradual activation of the city beginning immediately under the supervision of the Ministry of Trade and in coordination with the National Investment Commission, which granted the land and investment license."

He added, "This city is expected to bring about a qualitative shift in regulating the gold and jewelry trade in Iraq in accordance with international standards, through the establishment of a transparent exchange, accredited laboratories, strict quality controls, and anti-money laundering measures, including monitoring gold sources and trading records, within a clear legislative and regulatory framework, including licensing laws, industry standards, and oversight mechanisms."

He emphasized that "the project's goal is to localize the gold and jewelry industry within Iraq, instead of its continued reliance on imports. It also aims to provide job opportunities and vocational training for Iraq's growing human capital, interested in crafting gold according to international standards."

Saleh continued, "The project is currently in the preparation and implementation phase, including land allocation, issuing investment licenses, preparing infrastructure, and establishing relevant factories and laboratories, all under the direct supervision of the Ministry of Commerce."

He explained that "the project is being implemented within the concept of an 'integrated economic city,' which will enhance Baghdad's position as a regional center for the gold and jewelry industry and trade, as well as raise Iraq's ranking on global gold exchanges."

He pointed out that "Iraq ranked first in the Arab world in gold purchases, according to 2024 statistics, with imports ranging between 50 and 70 kilograms flowing into the country daily."https://economy-news.net/content.php?id=60812

Gold Prices Rise To Record Highs In Baghdad 

Economy | 12:37 - 06/10/2025  Mawazine News – Baghdad  Gold prices in global and local markets recorded a significant increase on Monday, as the price of a 21-karat gold mithqal approached the 800,000 Iraqi dinar barrier.
The following is a breakdown of gold prices:

A 21-karat mithqal is 798,000 Iraqi dinars.          An 18- karat mithqal is 684,000 Iraqi dinars.
A 22-karat mithqal is 836,000 Iraqi dinars.          A 24-karat mithqal is 912,000 Iraqi dinars.
https://www.mawazin.net/Details.aspx?jimare=267915

Iraq Increases Gold Reserves To163 Tons

IRAQ Amr Salem October 5, 2025  Baghdad (IraqiNews.com) – The Prime Minister’s Advisor for Financial Affairs, Mazhar Saleh, revealed on Saturday that Iraq’s gold holdings have climbed to around 163 tons.

In a statement to Rudaw News, Saleh explained that the country’s gold reserves have climbed dramatically to 163 tons compared to 152.6 tons in October 2024.

The increase in these assets demonstrates Iraq’s strong financial and economic stability, according to Salih, who added that Baghdad’s significant reserves attract international investment and provide a long-term economic infrastructure for the country.

The World Gold Council announced in early September that Iraq’s gold reserves had remained stable.

According to the council’s most recent assessments, Iraq has made no gold purchases since the beginning of 2025. The council highlighted that it remained in 29th place internationally with the highest gold reserves.

Iraq’s gold holdings amounted to 162.7 tons, or 16.9 percent of its total foreign reserves.

Furthermore, following Saudi Arabia, Lebanon, and Algeria, Iraq kept its fourth rank among Arab countries.

In response to growing economic and geopolitical threats, central banks worldwide are increasing their holdings of bullion.

The country’s gold reserves increased by 45.1 percent in the fourth quarter of 2024 compared to the same period in 2023, according to data released earlier in March by the Central Bank of Iraq (CBI).

Iraq’s gold holdings show the country’s continued efforts to diversify its foreign reserves while also improving long-term financial and monetary stability.    https://www.iraqinews.com/iraq/iraq-increases-gold-reserves-to163-tons/

Basra crude prices rise in line with rising global oil prices.

Monday, October 6, 2025, | Economics  Reads: 218  Baghdad/ NINA / The prices of Basra Heavy and Medium crude oils rose in conjunction with the rise in global oil prices.

Basra Medium crude oil rose to $64.76 per barrel, while Basra Heavy crude oil recorded $63.21 per barrel, with a change rate of -0.98 for both.

Globally, Brent crude oil rose to $65.42 per barrel, while US West Texas Intermediate crude oil recorded $61.67 per barrel, with a change rate of +0.87 and +0.89, respectively.  https://ninanews.com/Website/News/Details?key=1255545

The Dollar Continues To Stabilize In Local Markets In Baghdad.

Economy | 06/10/2025  Mawazine News - Baghdad -  The US dollar exchange rate witnessed remarkable stability against the Iraqi dinar in local markets on Monday.  The selling price reached 142,500 dinars for $100, while the buying price reached 140,500 dinars for $100.  https://www.mawazin.net/Details.aspx?jimare=267913

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

Seeds of Wisdom RV and Economics Updates Monday Afternoon 10-6-25

Good Afternoon Dinar Recaps,

South America Signals Readiness to Join the BRICS Payment System

Latin America edges closer to a post-dollar trade era as BRICS expands its financial reach toward the Western Hemisphere.

A Regional Shift Toward Multipolar Finance

  ● Russia’s Deputy Foreign Minister Sergey Ryabkov confirmed that South American nations are ready to adopt the BRICS cross-border payment initiative — a bold expansion of the bloc’s financial architecture.
  ● This comes as BRICS accelerates its Economic Partnership Strategy through 2030, designed to move global trade beyond U.S.-centric clearing systems. 
  ● The initiative was formally discussed during the 2025 BRICS Summit, with Brazil — the current chair — playing a central coordination role.

Ryabkov’s remarks at the “Russia and Ibero-America in a Turbulent World” conference underscore that this is not theoretical diplomacy — it’s practical infrastructure building.

BRICS Payment Initiative: A New Trade Architecture

  ● The cross-border payment platform, expected to be operational by 2030, will allow settlements in local currencies, gold-linked assets, or digital tokens anchored to BRICS reserves.
  ● Latin American adoption would be transformative, connecting commodity-rich nations to an alternative settlement grid beyond SWIFT.
  ● Energy exporters like Brazil, Venezuela, and Argentina could gain new leverage — trading oil, lithium, and agricultural products without routing through the dollar.

This is not just technical evolution — it’s monetary sovereignty in motion.

The Dollar’s Strategic Challenge

If South America and Africa both integrate with the BRICS system, the U.S. dollar’s dominance could face structural erosion:

  ● Fewer trade settlements in USD would reduce global demand for Treasuries, tightening U.S. liquidity.
  ● The Federal Reserve’s influence on international money flows would diminish as BRICS rails expand.
  ● Dollar-centric inflation control would weaken — undermining Washington’s fiscal stability.

The Federal Reserve’s challenge is existential:
keeping the dollar at the center of trade is not just policy — it’s survival.
And BRICS knows this.

Why Latin America’s Participation Matters

  ● The Western Hemisphere has long been Washington’s financial sphere, dominated by IMF and SWIFT channels.
  ● A shift toward BRICS rails represents a quiet geopolitical reversal, where the South American bloc aligns financially with Eurasia rather than the U.S.
  ● It also cements Brazil’s dual identity — a founding BRICS member and a regional bridge for new trade architecture.

Such participation could ignite a continental ripple effect, pulling in neighbors seeking stable trade alternatives and access to Chinese, Indian, and Russian markets.

Africa, Asia, and the Expanding BRICS Web

  ● Parallel negotiations are under way across Africa, where nations like Egypt, Ethiopia, and South Africa are already testing settlement models within the BRICS ecosystem.
  ● Asia’s mid-tier economies — Indonesia, Malaysia, and Thailand — are also building bridges to BRICS’ payment protocols.
  ● Together, these efforts amount to a slow-motion but deliberate realignment of global monetary power away from Western institutions.

This network of interoperable payment systems is laying the groundwork for a post-Bretton Woods financial order.

Why This Matters

The BRICS-South America integration isn’t just another diplomatic headline — it’s a real-world step in dismantling the dollar monopoly.
If implemented by 2030, it could reshape how trade, credit, and reserves flow across the Global South — and eventually the world.

This movement reveals an unavoidable truth: global finance is no longer controlled from a single capital.
Power is diffusing — technologically, economically, and politically.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™ Exclusive

Sources: 
• Watcher.Guru – South America Ready to Accept the BRICS Payment System
• TASS – Latin America Shows Rising Interest in BRICS
• Atlantic Council – Global South Payment Integration Strategies
• Reuters – BRICS Economic Partnership Through 2030
• IMF Data Portal – Currency Settlement Trends in Emerging Markets

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