Meet the Guy Keeping Gold Above $4,000

Meet the Guy Keeping Gold Above $4,000

Notes From the Field By James Hickman (Simon Black)  November 19, 2025

When you think of hyperinflation, you might picture Zimbabwe’s trillion-dollar bills, or wheelbarrows full of cash in the streets of 1920s Weimar Germany.

More recently, Venezuela’s currency collapsed under the weight of runaway printing, and Argentina has spent decades lurching from one inflation crisis to another. Throughout history, inflation isn’t an exception—it’s the norm.

Poland is among the many countries which suffered its own bout of inflation in 1989 and 1990, triggered by the same familiar mix of government mistakes: massive deficits, political dysfunction, and a central bank used as a printing press.

In 1990 alone, prices in Poland jumped 586%. The złoty, Poland’s currency at the time, collapsed. One American professor living in Poland at the time said a monthly bus ticket cost what an entire summer cottage had ten years earlier.

This was the inevitable result of decades of command-and-control economics.

After World War II, Poland remained independent in name only. Soviet troops never left. The Communist party ruled with Moscow’s blessing. Private property was abolished. Prices were fixed by decree. Farms were collectivized. Dissent was criminal.

To keep the illusion of prosperity going, the government promised everything to everyone—jobs, housing, healthcare, cheap food—and paid for it with money it didn’t have.

When tax revenues fell short, the central bank simply printed more. But paper currency can’t conjure real goods. The result was shortages, black markets, and, eventually, total currency collapse.

That’s the world Adam Glapiński—current President of the National Bank of Poland—grew up in.

Born in 1950, he watched his savings inflate away throughout his early career.

Having fought as part of the anti‑communist underground and witnessed the country’s currency unravel in the early 1990s, Glapiński isn’t simply a technocrat—he’s someone determined to protect Poland from repeating its past.

That’s why he’s gone all in on gold.

And he’s part of the reason that Poland is one of the healthier economies in Europe. (Another is that Poland is one of the only places that hasn’t sacrificed itself on the altar of multiculturalism.)

But they still have a problem: a significant portion of their strategic reserve assets are denominated in US dollars.

And Glapiński has been rightfully concerned. Because when you’ve lived through a currency collapse once, you start paying close attention to the early warning signs.

He’s looking at the United States today and doesn’t like what he sees. The deficits keep climbing. The national debt keeps exploding. Interest expense has now surpassed military spending. Social Security is projected to run dry in just seven or eight years.

And the only thing both parties can unite for is to chase anyone trying to solve these problems out of town— like Elon Musk and his work with DOGE.

Glapiński’s not stupid. He can see the Federal Reserve cutting interest rates, even as inflation ticks up. He sees it ending quantitative tightening early, and gearing up for more quantitative easing— AKA money printing.

He can also see a point—relatively soon—when the US dollar is no longer the world’s dominant reserve asset.

The endgame is clear: the value of US dollar reserves will decline.

So he’s been trying to get ahead of it.

But what other strategic reserve asset is there for a central banker to buy?

Not the Chinese renminbi—you can’t trust their lack of transparency, manipulated numbers, and massive debts.

Not the British pound—Britain’s a fiscal and political mess.

Poland will hold some euros, sure, but the euro-zone has plenty of structural problems of its own.

Gold is the best option left.

Not because Glapiński is a gold bug— this is a completely rational move.

Gold is one of the only assets with a large enough market that you can invest tens of billions of dollars. Then, you can hold it within your own borders, free of counter‑party risk. You don’t get that benefit if you’re holding another government’s bonds, which can be defaulted on, frozen, or weaponized as the US has shown.

Glapiński’s target was for the National Bank of Poland to hold 20% of its reserves in gold.

But when they hit that target, he raised it to 25%... which they also recently hit.

And now he’s pushing for 30%.

There are two main things to understand about this.

One, he’s far from alone.

Countries like Russia, China, and other usual suspects are buying literal tons of gold, largely because they don’t want to be frozen out of their US Treasury holdings.

But its not just them. It’s also Kazakhstan, Bulgaria, El Salvador— central banks around the world are buying way more gold than usual.

As recently as 2010, central banks added a grand total of just 79 tons of gold to their reserves.

In 2024, they added a cumulative 1,089 tons. And that’s been the trend—1,000 tons per year—since 2021. That’s about double the previous decade’s average.

The second thing to understand about demand from central banks is that they are relatively price insensitive.

They’re not buying gold to speculate and sell later for more dollars. They’re buying it to diversify away from the dollar.

While they may try to time certain purchases to go further, they’re not going to let $4,000 per ounce gold change their overall reserve strategy.

They know they need to continue buying gold for one simple reason: they’re losing confidence in the US government.

And that demand alone is probably enough to continue to push prices even higher.

To your freedom,   James Hickman

Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/meet-the-guy-keeping-gold-above-4000-153907/?inf_contact_key=62b53c9cc3c3638cf171d537cabc1134a54e29adb09592ab7d46eae79258d295

MilitiaMan and Crew: IQD News Update-Iraq Dinar: Reform Countdown 2025-Reality

MilitiaMan and Crew: IQD News Update-Iraq Dinar: Reform Countdown 2025-Reality

11-23-2025

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……..

https://www.youtube.com/watch?v=tNqwjkb5rek

FRANK26….11-23-25……SHUT UP M

KTFA

Sunday Night Video

FRANK26….11-23-25……SHUT UP M

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=fHWXqOZuAEw

The Hidden $20 Trillion Global Carry Trade that will Unwind Everything

The Hidden $20 Trillion Global Carry Trade that will Unwind Everything

Michael Cowan:  11-23-2025

For nearly three decades, a powerful, yet often invisible, financial mechanism has acted as the subterranean engine of global capital markets: The Japanese Yen Carry Trade.

This trade—a complex borrowing strategy stretching back to the 1990s—is the linchpin supporting trillions of dollars in global assets, including significant portions of the US Treasury market and the soaring valuations of the S&P 500.

But the cornerstone of this foundation has just cracked.

Recent, dramatic shifts have signaled that this multi-trillion-dollar carry trade is beginning to unwind, threatening not just a market correction, but a widespread financial upheaval potentially worse than the crisis of 2008.

To understand the danger, we must first understand the mechanism.

The Yen Carry Trade is financial arbitrage based on interest rate differentials. For decades, the Bank of Japan maintained near-zero or even negative interest rates to stimulate its economy. This created an irresistible opportunity for global investors.

This process flooded global markets, particularly the US, with cheap liquidity, driving up asset prices and effectively subsidizing US government debt. It was free money driving the greatest risk-on rally in history.

The fundamental assumption underpinning the entire carry trade was that Japanese interest rates would remain near zero indefinitely. That assumption is now dead.

For institutional investors who assumed these rates were anchored near zero, these spikes represent massive losses on their bond holdings, shattering confidence in the sustainability of Japan’s debt policy.

When investors lose faith in the anchor currency’s rate mechanism, the trade becomes untenable.

The process of the carry trade unwinding is a forced, destructive loop.

When Japanese yields rise, the cost of maintaining those yen-denominated loans increases dramatically. Investors who borrowed yen must now rush to repay their loans before the cost becomes crippling.

This is the catastrophic trigger. Trillions of dollars in US stocks, bonds, and emerging market assets—the foundation of retirement funds and 401ks globally—must be sold off rapidly.

Unlike the 2008 crisis, which was concentrated in the US housing market and derivative products, the yen carry trade unwind cuts across virtually every major asset class, threatening a cascade of forced liquidations worldwide.

The threat to market stability is severe, but it is magnified by concurrent challenges facing Japan:

Japan is finally seeing meaningful inflation after decades of stagnation. If the Bank of Japan is forced to raise its benchmark interest rate to control price growth, it will accelerate the unwinding process exponentially, punishing borrowers further and multiplying the asset liquidation pressure.

Geopolitical friction, particularly the simmering tensions between China and Japan over Taiwan, adds a layer of economic risk. Any escalation could provoke sanctions against Japan, further destabilizing its economy and forcing investors out of Japanese assets entirely.

We are already seeing real-world examples of this shift. SoftBank’s massive recent sell-off of Nvidia shares—a titan of the high-growth tech sector—serves as a stark warning. As confidence in assets fueled by cheap yen borrowing evaporates, investors are taking profits and moving to cash before they are forced to liquidate at distressed prices.

The potential unwinding of the Yen Carry Trade is not a distant theoretical risk; it is an active threat already manifesting in bond markets. This shift signals a massive repricing of global risk and capital costs.

The era of consistently cheap credit supporting inflated global asset prices may be coming to a harsh and sudden end. Investors need to be acutely aware of the systemic risks associated with this monumental financial mechanism finally grinding to a halt.

For an unprecedented, in-depth look at how this financial earthquake could impact your investments and the stability of the global economy, we highly recommend you watch the full analysis from Michael Cowan.

https://youtu.be/hJbuVZsEQ3k

This Is Why Gold Is Rising While the Dollar Falls Apart

This Is Why Gold Is Rising While the Dollar Falls Apart

The Jay Martin Show:  11-23-2025

In this explosive conversation, Jay sits down with Andy Schectman to break down the biggest monetary shift happening beneath the surface of global finance.

Schectman explains why the newly passed Genius Act and the rise of Treasury-backed stablecoins may be quietly restructuring the U.S. dollar system.

They dig into gold’s explosive institutional demand, America’s pivot toward state capitalism, the government’s race for critical minerals, and the dangerous cracks emerging in the repo market that signal deep fragility across the banking system.

00:00 – Why Stablecoins Could Reshape the U.S. Dollar

12:31 – What Does “Interest Not Transferable” Actually Mean?

14:50 – Does America Need a Weaker Dollar to Reshore Manufacturing?

16:11 – Would Reshoring Trigger a Massive Inflation Wave?

19:58 – Is Pharmaceuticals the Next Front in the Trade War?

 21:06 – Why Is the U.S. Buying Stakes in Mining Companies?

28:14 – Is America Shifting Toward State Capitalism?

29:16 – Is There Coordination Between the Treasury and the Fed?

29:43 – What’s Really Happening in the Short-Term Treasury Market?

 33:41 – Why Are Banks Refusing to Lend to Each Other?

37:02 – Is the Fed Quietly Repeating 2008 and 2019?

 40:04 – Is This Just QE in Disguise?

42:21 – What’s Causing the Breakdown in Trust Between Banks?

 46:41 – Should Anyone Hold Long Bonds Right Now?

46:56 – Did the Government Shutdown Reveal Something Bigger?

 52:31 – Is Gold Finally Entering a Real Bull Market?

https://www.youtube.com/watch?v=pEgqIhbVVW0

Seeds of Wisdom RV and Economics Updates Sunday Afternoon 11-23-25

Good Afternoon Dinar Recaps,

BRICS Shift: Indonesia Turns to the Yuan to Break Dollar Dependence

Indonesia accelerates its monetary pivot as local currency settlement with China surges

Overview

• Indonesia is preparing to launch foreign exchange operations in the Chinese yuan and Japanese yen, reducing reliance on the US dollar.

• The country aims to expand Local Currency Transactions (LCT) so trade no longer requires conversion through the dollar.

• Bank Indonesia reports significant growth in yuan-rupiah settlements with China, strengthening domestic FX stability.

• These changes align with broader BRICS trends as emerging economies pursue financial systems less tied to Western monetary dominance.

Key Developments

• Expansion of Local Currency Settlement
  Indonesia’s new FX operations will allow businesses to settle trade directly in yuan, yen, or rupiah. The move reduces pressure on the US dollar and lowers costs associated with currency conversion.

• Yuan Transactions Surge
  Bank Indonesia confirms that yuan-based cross-border transactions with China have been rising sharply, reaching approximately $1 billion per month in LCT value.

• New Payment Infrastructure
  Indonesia and China are coordinating on new digital payment channels, including cross-border systems capable of settling in local currencies, improving liquidity and reducing transaction friction.

• Strengthened Bilateral Cooperation
  A renewed yuan–rupiah swap agreement and expanded local-currency trade frameworks show Indonesia’s long-term commitment to diversifying away from the dollar.

• Integration with BRICS Strategy
  The shift aligns Indonesia more closely with BRICS economic objectives, positioning the country as an active participant in emerging de-dollarization architecture.

Why It Matters

Indonesia’s push toward yuan-based trade is more than a monetary adjustment — it’s a structural pivot. By adopting local currency settlement systems and expanding swap lines, Indonesia is insulating its economy from dollar volatility and enhancing financial sovereignty. This transition not only reduces conversion costs but also strengthens regional financial connectivity.

Implications for the Global Reset

• Pillar: Monetary Sovereignty
  By expanding the use of local currencies, Indonesia reduces exposure to US financial policy and steps closer to a multi-polar reserve structure.

• Pillar: Regional Financial Integration
  Enhanced payment mechanisms and bilateral swap lines create wider alternatives to dollar-based settlement frameworks, supporting long-term BRICS strategy.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Bank Indonesia – “Indonesia-China Strengthen Financial Connectivity Through LCT and Cross-Border Payment Cooperation”

• Jakarta Globe – “Indonesia, China Ink Deals to Boost Local Currency Use and Expand Bilateral Cooperation”

• Watcher.Guru – “BRICS Country Turns to Chinese Yuan To Cut US Dollar Dependency”

• Kompas – “Strengthening the Use of Local Currency, Indonesia–China Cooperation Extended”

• The Jakarta Post – “Strengthening Sovereignty Through Local Currency Resilience”

~~~~~~~~~~

A Golden BRICS Renaissance: How 6,000+ Tonnes Are Rewriting Global Power

BRICS nations expand gold reserves and industrial capacity, reshaping monetary power and global economic architecture

Overview

• BRICS nations now hold more than 6,000 tonnes of gold, accounting for roughly 20% of global central bank reserves.

• Russia and China dominate the bloc’s stockpile, collectively controlling nearly three-quarters of total BRICS reserves.

• Central banks worldwide have been purchasing over 1,000 tonnes of gold annually for the past three years — the longest continuous accumulation streak in modern history.

• BRICS is pairing gold accumulation with a surge in industrial cooperation, including new multilateral development platforms and large-scale technology initiatives.

Key Developments

• Central Bank Strategy Shifts
  Global sentiment among central bankers is shifting away from reliance on the U.S. dollar. A recent survey found that a majority expect the dollar’s global reserve share to decline over the next five years, while nearly half plan to increase gold holdings.
  Economists point out that the trend reflects long-term concerns over currency stability rather than short-term price speculation.

• Gold Price Forecasts & Market Outlook
  Major financial institutions are projecting a dramatic revaluation of gold in the coming years, with some forecasting prices reaching $6,000 per ounce by 2028. Expected rate-cutting cycles and reserve diversification efforts are cited as driving factors.
  Discussions within the BRICS community continue to favor expanding use of national currencies for cross-border settlement rather than attempting to formally replace the dollar.

• BRICS Industrial Cooperation Surges Forward
  BRICS nations recently launched a new multilateral platform for industrial development — a center designed to integrate industrial competencies, expand technology networks, and coordinate large-scale cooperation across member states.
  This initiative was reinforced by ministerial-level agreements focusing on industrial modernization, technology partnerships, sustainable development, and support for small and medium-sized enterprises.

• Training & Talent Development Initiatives Expand
  A growing number of BRICS-aligned programs now target skills development in green technologies, digitalization, and advanced manufacturing.
  These programs draw participants from dozens of countries and serve as the backbone for expanding industrial capacity across the BRICS economic sphere.

Why It Matters

The BRICS gold build-up is only one part of a far broader transformation. These nations are building new financial foundations, parallel industrial systems, and alternative development pathways that operate outside of Western-dominated institutions.
This dual strategy — monetary reinforcement through gold and economic expansion through industrial partnerships — is rapidly shifting how global power is structured.

Implications for the Global Reset

• Pillar: Monetary Sovereignty
  Gold accumulation strengthens long-term financial independence and reduces exposure to dollar-centric risk.

• Pillar: Institutional Rebalancing
  New BRICS industrial platforms represent a foundational shift toward self-directed development models that bypass traditional Western frameworks.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• UNIDO – “UNIDO Launches BRICS Centre for Industrial Competencies”

• BRICS – “BRICS Advances Sustainable Industrial Agenda with Focus on Technology and SMEs”

• China Daily – “Forum Fosters High-Quality Partnerships for New Industrialization”

• Watcher.Guru – “A New BRICS Era Rises on Gold Strength & Industry Surge”

• Reuters – “Central Banks Favour Gold Over Dollar for Reserves, WGC Survey Shows”

~~~~~~~~~~

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Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Sunday Afternoon 11-23-25

With The Lockdown, The Dollar Exchange Rate Has Risen In Baghdad.

Economy | 23/11/2025  Mawazin News - Baghdad:  The US dollar rose against the Iraqi dinar on Sunday evening in Baghdad markets as the stock exchange closed.

The dollar reached 141,900 dinars per 100 dollars in Baghdad's main exchanges, Al-Kifah and Al-Harithiya, compared to 141,200 dinars per 100 dollars earlier in the day.]

Currency exchange shops in Baghdad also saw an increase, selling at 143,000 dinars per 100 dollars and buying at 141,000 dinars per 100 dollars.   https://www.mawazin.net/Details.aspx?jimare=270707

November 23, 2025   Baghdad – Al-Zaman  The Ministry of Labor and Social Affairs in Iraq issued a clarification on Sunday regarding the statements of its Minister, Ahmed Al-Asadi, concerning the withdrawal of 2.5 trillion dinars from the Social Welfare Fund.

The Ministry explained that the Minister's statement came within the framework of a future vision to finance subsidies from investment returns, and that the reference was to the temporary liquidity of banks and not to the loss of funds.

It emphasized that the rights of beneficiaries are protected and documented in official records and supported by what was stated in the official letter of Al-Rafidain Bank.

The Ministry of Finance described Al-Asadi’s statements as inaccurate, noting that no amount had been withdrawn from the account, but rather it had been temporarily frozen, and that the central account of the Social Protection Network has been funded since 2015 for the purpose of disbursing salaries only, in accordance with the Social Protection Law No. 11 of 2014, and that some of the amounts recovered from the smart cards are still in the account and have not been withdrawn. It also indicated that the Ministry of Labor did not follow up on the balance with the correct reconciliation with the bank.

The Federal Financial Control Bureau indicated that the accounts were subject to a comprehensive audit, and it was found that there were uses outside the nature of the account that were not carried out by the Ministry of Labor, and that the amounts transferred from the Ministry of Finance and returned from smart cards are still in the account, with a request for a detailed analysis of the revenues, stressing that all rights are reserved and in accordance with the official records.

Rafidain Bank announced that the actual balance of the Social Protection Network account is 2,495,921,687 trillion dinars, while the balance of the Social Protection Authority Fund amounts to 390 billion dinars, and all balances are fully available without any shortage or withdrawal, and that its role is limited to holding accounts and executing official disbursement orders without any interference in the decisions of ministries, and no request for investment or withdrawal or any judicial notification has reached it.

Tweets and local reports showed that the minister’s statements caused media confusion, with analysts describing the news as a misunderstanding of the terms of temporary liquidity, while others saw it as an attempt to highlight the need for financial and investment reforms in the Social Welfare Fund, stressing that financial and legal oversight protects citizens’ money and confirms the transparency of operations.  LINK

Iraqi Oil Exports To America Decline During The Week

Energy  Economy News – Baghdad  The U.S. Energy Information Administration announced on Sunday that Iraqi oil exports to the United States fell by 57,000 barrels last week.

The administration stated in a statistic seen by "Economy News" that "the average US imports of crude oil during the past week from nine major countries reached an average of 5.337 million barrels per day, an increase of 667,000 barrels per day compared to the previous week, which reached an average of 4.670 million barrels per day."

She added that "Iraq's oil exports to America averaged 149,000 barrels, down 57,000 barrels per day from the previous week, which averaged 149,000 barrels per day."

The administration noted that "most of the oil revenues for the United States during the past week came from Canada at a rate of 3.763 million barrels per day, followed by Mexico at 380,000 barrels per day, Colombia at an average of 376,000 barrels, and Nigeria at a rate of 174,000 barrels per day."

According to the table, the amount of US crude oil imports from Venezuela averaged 173,000 barrels per day, from Saudi Arabia 139,000 barrels per day, from Brazil 136,000 barrels per day, and from Libya 104,000 barrels per day, while no quantity was imported from Ecuador during the past week.

The United States imports most of its crude oil and derivatives from these ten major countries, and America's daily oil consumption is about 20 million barrels, making it the world's largest oil consumer. https://economy-news.net/content.php?id=62610

Al-Rasheed Bank Launches Deposit And Transfer Service For Retirees
Sunday, November 23, 2025 13:49 | Economy Number of views: 232   Baghdad/ NINA / Al-Rasheed Bank announced on Sunday the launch of a deposit and transfer service for retirees.

In a statement, the bank said, "The deposit and financial transfer service has been launched via the 'Nakheel' card for retirees, in a step aimed at facilitating the management of salaries and financial transactions for this segment."

It explained that "the service enables retirees to conduct deposit and financial transfer operations easily and securely, and provides them with greater flexibility in accessing their financial entitlements," noting that "this initiative comes within the bank's efforts to promote financial inclusion."  https://ninanews.com/Website/News/Details?key=1263336

Iraq Participates In The Market 2.0 Conference To Keep Pace With Developments In Financial Technology

Money and Business  Economy News — Baghdad  The Securities and Exchange Commission participated today, Sunday, in The Market 2.0 conference to keep up with developments in financial technology.

A statement from the commission, received by "Al-Eqtisad News," stated that "the Chairman of the Securities Commission, Faisal Al-Haimas, participated, along with the Executive Director of the Iraq Stock Exchange and the Chairman of the Board of Governors, in the activities of The Market 2.0 conference, which is being hosted by the Kingdom of Bahrain and organized by the Federation of Arab Capital Markets in cooperation with the Bahrain Stock Exchange."

He added, "This participation comes within the framework of the Securities Authority's keenness to keep pace with global developments in the field of financial technology and digital transformation, to learn about the latest innovations in trading systems, and to enhance expertise in developing the technical infrastructure of financial markets."

He explained that "the visit also aims to enhance cooperation with regulatory bodies and Arab financial markets and to exchange leading experiences that contribute to developing the regulatory framework and supporting the investment environment in Iraq."   https://economy-news.net/content.php?id=62613

Transportation: The Faw Port Canal Will Give Iraq A Competitive Advantage And Generate Significant Profits.

Time: 2025/11/23 Reading: 60 times  {Local: Al-Furat News} The Iraqi Ports Company announced today, Sunday, that it has put in place plans to invest in the navigation channel at the port of Al-Faw.

The company’s general manager, Farhan Al-Fartousi, said in a press statement: “There are future plans to invest in the navigation channel in the port of Al-Faw, as we have plans to invest in the territorial waters, but when we have a separate navigation channel, this is one of the most important investments in navigation channels, as it is 23 kilometers long towards the sea, while the territorial waters are 12 nautical miles.”

He added that "this project is one of the investments that generates large profits for the country as a result of the difference in transportation costs. The Umm Qasr port, with a depth of 12.5 meters, will have small ships that will cost carriers and traders a difference in transportation costs, unlike if transportation were done through the Faw port."

He pointed out that "this represents a major competitive advantage for the port of Faw in order to increase the volume of trade exchange, and to make it the economic gateway for Iraq to the largest economic project in the Iraqi state, which is the Development Road project."  LINK

Al-Ubaidi reveals a huge gap between Central Bank funding and 2024 border crossing data
Time: 2025/11/22 19:41:37 Readings: 105 times

{Economic: Al-Furat News} The head of the Iraq Future Foundation for Economic Studies and Consultations, Manar Al-Obaidi, stated that the 2024 data revealed a huge numerical paradox in the Iraqi economy, represented by a huge gap between what the Central Bank finances and what the border crossings record.

Al-Ubaidi said in a statement, a copy of which was received by Al-Furat News, that: “While the Central Bank announced that Iraq’s imports exceeded the $87 billion mark, with actual external transfers to cover them amounting to more than $80 billion, the data from the Iraqi Customs Authority came out completely different, as it recorded the entry of goods with a total value that did not exceed $39 billion.”

He added, "This discrepancy, which exceeded $47 billion, was blatantly concentrated in specific sectors, as the Central Bank financed imports of machinery and transport equipment worth $33.6 billion, while customs only recorded $14.8 billion, a difference of more than $18.7 billion in this item alone."

Al-Obaidi continued, "A significant disparity also emerged in 'miscellaneous manufactured goods,' where the Central Bank covered imports worth $13.8 billion, compared to a modest customs registration of only $2.2 billion."

He explained that “in the face of this clear waste and ambiguity in the data, hopes are currently pinned on the ‘Customs Automation’ project and the application of the unified global commodity classification at border crossings, as it is hoped that the digital transformation and precise networking will bridge this gap and ensure that the movement of funds matches the movement of goods, which will enhance the efficiency of the state’s financial and regulatory system.” LINK

 

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

“Vietnam News” Posted by Henig at KTFA-Part 2

KTFA: Vietnam News PART 2

Henig:  IMO: Big money, big moves. They usually know what they're doing.

Global investment giant Vanguard moves to enter Vietnam as market upgrade approaches

Friday, November 14, 2025, 14:22 GMT+7

U.S.-based Vanguard Group, one of the world’s largest asset managers with nearly US$13 trillion under management, has announced plans to expand its investment activities in Vietnam as the country prepares to move from frontier to emerging market status.

The announcement came during a meeting on Tuesday in Melbourne, Australia between representatives of Vanguard and a delegation from the State Securities Commission of Vietnam (SSC) led by chairwoman Vu Thi Chan Phuong.

The meeting was part of the SSC’s working trip to Australia from November 10-14 to attend the annual conference of the Australian Securities and Investments Commission.

The two sides discussed cooperation, market development, and ways to draw more foreign capital into Vietnam’s stock market.

Vanguard praised recent efforts by the SSC to streamline procedures and strengthen the legal and regulatory framework, saying the new policies are making it easier for global funds to enter the market.

Ahead of Vietnam’s reclassification by FTSE Russell, a major global index provider under the London Stock Exchange Group, Vanguard said it plans to open both a trading account and an indirect capital account in Vietnam.

James Chatfield, head trader for Asia Pacific and senior portfolio manager at Vanguard, said the fund will begin carrying out the required procedures.

He described the move as an important milestone that marks Vanguard’s formal entry into Vietnam.

He emphasized that completing the procedures under the new regulations will give global investors firsthand experience of Vietnam’s investment environment.

The meeting took place as Vanguard expressed appreciation for the Vietnamese government and regulators’ broader efforts to improve the investment climate and modernize the legal framework, especially through new measures designed to facilitate international capital flows.

FTSE Russell announced on October 8 that Vietnam will be upgraded from frontier to secondary emerging market status beginning September 21, 2026, pending an interim review in March 2026.

The decision follows nearly seven years of reform since Vietnam was first placed on the FTSE watchlist in 2018.

Founded in 1975 and headquartered in Pennsylvania, Vanguard offers investment products, savings tools, financial advice, retirement services, and market insights to clients around the world.

Vinh Tho - Binh Khanh / Tuoi Tre News

https://news.tuoitre.vn/global.....212682.htm

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

Henig:  IMO: Vietnam getting recognized for excellence in logistics. They're intelligent and hard-working. They're definitely on the come-up. Oh, and BTW, that's a very large port. Read the vitals down at the bottom of the article.

Vietnam’s Long An port receives People Development recognition at global maritime bulk shipping awards

Wednesday, November 19, 2025, 14:35 GMT+7

Vietnam’s Long An International Port has outperformed ports and logistics enterprises worldwide to win the People Development Award at the 2025 International Bulk Journal Awards, held in Liverpool City, England early this week.

The international port, located in Tay Ninh Province in southern Vietnam, became the first Vietnamese enterprise to receive this honor on Monday, according to a press release issued the same day.

The recognition marks a breakthrough for Long An International Port as it seeks to promote the cultural, social and economic values of Vietnam and contribute to raising the country's global profile.

It also further reinforces the reputation of Vietnamese logistics on the global stage.

The International Bulk Journal Awards are presented by the UK-based International Bulk Journal, a magazine covering the maritime dry bulk industry for over 40 years.

The awards recognize individuals and organizations for outstanding achievements in the maritime bulk sector.

Vo Quoc Huy, chairman and CEO of Long An International Port, said the team was proud to be recognized among organizations, businesses, and industry peers from around the world.

“We want the international community to know that Vietnamese enterprises continue to strive for excellence and to reach new heights,” Huy stated. 

“For us, people are our most valuable asset and the foundation of every success.

“Building a people-centered workplace is key to advancing further and creating positive impacts in the community.”

Throughout its formation and development, Long An International Port has built a long-term human resources strategy, prioritizing training and management skill development.

It also focuses on comprehensive employee welfare, encourages innovation, and fosters a dynamic, modern work environment.

These efforts have improved operational efficiency and service quality, enhancing port performance and contributing to the socio-economic development of the local area and the wider region.

“The development of Long An International Port has created a positive ripple effect, encouraging and promoting collaboration between local authorities, businesses, and educational institutions, helping to shape a sustainable logistics ecosystem in Tay Ninh,” Huy added.

The 1,935-hectare Long An International Port project cluster in Tan Tap Commune, Tay Ninh Province represents the seamless integration of a seaport service complex with supporting facilities, laying the foundation for a future industrial ecosystem.

The project includes a port zone, an industrial park, an industrial service area, and an urban area.

Currently, the port zone operates seven berths with a total length of 1,670 meters, capable of accommodating vessels up to 70,000 DWT.

In the near future, Long An International Port plans to expand to nine berths, with a continuous length of 2,368 meters, handling vessels over 100,000 DWT and achieving a throughput capacity of 3 million TEU or 10 million tons of general cargo.

https://news.tuoitre.vn/vietna.....006633.htm

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Henig:  IMO: This is how you strengthen international trade logistics--by making deals with other ports. When you look further down the article, you see that it's not just Kobe in Japan. "Key partner ports include Port of Oakland, Port of Long Beach, Port of Portland, Port of Gothenburg in Sweden, SPG-Bohaiwan Port in China, OPASCOR in the Philippines, and others." That's a pretty strong list of partner/preferred ports.

Vietnam’s Long An port cuts deal with Japanese port

Wednesday, November 19, 2025, 08:06 GMT+7

Long An International Port in Tay Ninh Province, southern Vietnam and Port of Kobe in Japan signed a memorandum of understanding (MoU) on Monday to establish a strategic port partnership with a view to promoting trade, strengthening connectivity, and enhancing readiness for global integration.

The signing was made within the framework of the Investment, Labor, and Trade Promotion Program in Japan from November 16 to 22.

The signing ceremony was attended by Pham Tan Hoa, vice-chairman of the Tay Ninh People’s Committee, Ngo Trinh Ha, Consul General of Vietnam in Osaka, Nguyen Thanh Vung, chairman of the Provincial Inspection Committee, Pham Xuan Bach, director of the provincial Department of Home Affairs, Truong Van Liep, director of the provincial Department of Finance, and Huynh Van Quang Hung, director of the provincial Department of Industry and Trade, and representatives from the Kobe City authorities and Port of Kobe.

The promotion program features a series of conferences held across major economic hubs in Japan, including the Kansai-Tay Ninh Investment Connection Conference in Osaka on Monday, the Tay Ninh Investment Promotion Conference in Tokyo on Wednesday, and the Labor and Investment Promotion Conference in Yamanashi on Thursday.

Vice-chairman Hoa said that Japan is one of the province’s leading trade partners, getting involved in 176 projects with a total pledged capital of over US$1.26 billion.

The deal was also aimed at facilitating connections with global partners and customers, developing green port and smart port models, applying advanced management technologies to reduce carbon emissions, and training and exchanging high-quality logistics professionals in line with international standards and practices.

Long An International Port has proactively expanded its global partnerships, enabling the port to learn from international practices, exchange technical expertise, and collaborate on value-added projects.

Key partner ports include Port of Oakland, Port of Long Beach, Port of Portland, Port of Gothenburg in Sweden, SPG-Bohaiwan Port in China, OPASCOR in the Philippines, and others.

Kobe, located in Hyogo Prefecture in the Kansai region along Osaka Bay, is one of Japan’s earliest and most advanced international ports, established in 1868.

Built in 2015, Long An International Port, located in Tan Tap Commune, some 30 kilometers south of Ho Chi Minh City, has rapidly affirmed its role as a key cargo consolidation and transshipment hub in the region.

The port helps ease congestion at Ho Chi Minh City port clusters, reducing urban traffic pressure, and significantly optimizing logistics costs for enterprises across the Mekong Delta.

With both Vietnam and Japan possessing long coastlines and strong maritime economic potential, this partnership continues to deepen the friendship between the two ports, two localities, and two nations, toward a sustainable and prosperous future built on a foundation of solid cooperation.

https://news.tuoitre.vn/vietna.....331351.htm

“Vietnam News” Posted by Henig at KTFA- Part 1

KTFA:

Henig:  IMO: So... NOW we know who is responsible for the exchange rates in Vietnam. I mean, we knew, but it's actually spelled out here:

"The State Bank of Viet Nam was tasked with operating a monetary policy proactively and flexibly; enhancing inspection and supervision to ensure credit flows toward production, priority sectors and key growth drivers; and managing exchange rates and interest rates in line with market conditions to support production, business and investment attraction." I like the fact that they're actually mentioning the management of exchange rates.

PM requests priority on macro-economic stability, export expansion

Prime Minister Pham Minh Chinh has directed ministries, sectors, localities and State-owned groups to prioritise maintaining macroeconomic stability and accelerating export growth.

Wednesday, November 19, 2025 at 23:52

According to the PM’s official dispatch No. 221/CD-TTg dated November 19, since the beginning of 2025, ministries, sectors and localities have worked hard to synchronously and effectively implement macroeconomic management solutions, expand markets and promote export activities.

Over the first 10 months of 2025, Viet Nam’s macroeconomy remained stable, inflation was kept under control and major economic balances were ensured. The country’s total import–export turnover reached 762.4 billion USD, up 17.4% year on year. Exports stood at 391.0 billion USD, rising 16.2%, while imports hit 371.4 billion USD, up 18.6%, resulting in a trade surplus of 19.6 billion USD.

However, amid increasingly complex global developments and rising challenges, the PM requested stronger efforts to stimulate exports and contribute to achieving the national growth target of over 8% for 2025 while safeguarding macroeconomic stability.

 He instructed ministries, sectors, localities and State-owned enterprises to continue implementing resolutions and conclusions of the Party Central Committee, Politburo, key leaders, the National Assembly, the Government and the Prime Minister, focusing on key tasks.

Specifically, the PM required consistent pursuit of the top goal of maintaining macro-economic stability, controlling inflation and ensuring major economic balances to create a favourable business and investment environment for rapid and sustainable growth. He emphasised the need for harmonious, flexible and effective coordination of monetary, fiscal and other macro-economic policies.

The State Bank of Viet Nam was tasked with operating a monetary policy proactively and flexibly; enhancing inspection and supervision to ensure credit flows toward production, priority sectors and key growth drivers; and managing exchange rates and interest rates in line with market conditions to support production, business and investment attraction.

The Ministry of Industry and Trade must take strong actions to boost exports, especially during the year-end months and New Year period when consumption increases sharply in many international markets.

The ministry was assigned to step up trade promotion, diversify markets, products and supply chains, and accelerate negotiations of bilateral and multilateral trade agreements with potential partners such as the GCC, Pakistan, Egypt, MERCOSUR and Algeria. It was also requested to continue negotiations on a reciprocal trade agreement with the US.

Viet Nam’s overseas trade offices must enhance support for Vietnamese exporters, assist localities and business associations in effectively utilising FTAs, and enhance information provision, market connectivity and product promotion.

The Ministry of Finance will continue implementing an appropriate expansionary fiscal policy and review export–import tax rates to facilitate exports and domestic production. It must also formulate support solutions for enterprises affected by the US reciprocal tax policies and strengthen customs inspections to prevent low-quality goods, violations of intellectual property rights and origin fraud.

The Ministry of Agriculture and Environment was instructed to drastically implement solutions against illegal, unreported and unregulated (IUU) fishing, work toward lifting the EU “yellow card,” and promote digital transformation and sustainable development in the fisheries sector. The ministry must also accelerate negotiations on market access, mutual recognition of food safety standards for key fruits and vegetables, and promote geographical indications, brand development, production-area codes and traceability systems.

The Ministry of Foreign Affairs will intensify economic diplomacy, support enterprises investing and trading overseas, and direct overseas Vietnamese missions to strengthen connectivity with localities and businesses at home. It must also mobilise support among GCC member countries to accelerate negotiations on the Viet Nam–GCC FTA.

The Ministries of Industry and Trade, Agriculture and Environment, and Foreign Affairs will set up working groups to develop new markets in the Middle East, Africa and Latin America, resolve outstanding FTA obstacles and speed up negotiations for new FTAs in late 2025 and early 2026.

Local authorities must promptly identify and resolve difficulties facing exporters. Provinces with agricultural exports via land borders must regularly update border-gate information and advise farmers and exporters to regulate production, packaging and transportation to avoid congestion.

State-owned groups, corporations and export enterprises were urged to adjust production and business plans flexibly, step up the application of technological advances, upgrade product quality and competitiveness, and diversify markets, products and supply chains.

Deputy Prime Ministers will oversee the implementation according to their assigned responsibilities, while the Government Office will monitor progress and report to competent authorities.

VNA   https://en.nhandan.vn/pm-reque.....55671.html

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Henig:  IMO: Hard to do cross-border payments or international trade without connectivity. This is a major step, albeit hidden behind a wall of verbiage.

Vietnamese, Canadian, EC leaders discuss enhancement of CPTPP - EU connectivity

November 23, 2025 - 10:23

Vietnamese Prime Minister Phạm Minh Chính met with Canadian PM Mark Carney and President of the European Commission Ursula von der Leyen on the sidelines of the G20 Summit.

JOHANNESBURG — Vietnamese Prime Minister Phạm Minh Chính met with Canadian PM Mark Carney and President of the European Commission (EC) Ursula von der Leyen on the sidelines of the G20 Summit in Johannesburg, South Africa, on Saturday afternoon (local time) to discuss directions for strengthening connectivity and promoting trade and investment cooperation between member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the European Union (EU).

The three leaders welcomed the establishment of the CPTPP - EU Trade and Investment Dialogue in the context of profound changes in the world economy and many challenges, emphasising that this was an important step to strengthen the connection between the two most dynamic economic regions in the world and to consolidate the open, fair and rules-based global trade order.

They assessed that the CPTPP - EU cooperation has great potential, not only promoting trade and investment between the two sides but also contributing to creating more momentum for the world’s economic growth.

Canadian PM Carney affirmed that he will prioritise investing resources to promote cooperation between the CPTPP and the EU, and proposed assigning ministries and sectors of the countries to discuss and specify the content of cooperation.

Meanwhile, EC President von der Leyen expressed her desire to promote digital trade cooperation, moving towards signing an agreement between the two sides on this issue.

Speaking at the meeting, PM Chính emphasised the enhancement of CPTPP - EU cooperation and expressed his delight that the first CPTPP - EU Trade and Investment Dialogue took place successfully last week and the two sides agreed to adopt a joint statement. He said that cooperation between CPTPP and the EU is important, and it is necessary to accelerate the process of building a cooperation framework.

Sharing about the plan to assume the rotating chairmanship of CPTPP in 2026, PM Chính said that Việt Nam is preparing carefully and hopes to receive active support and assistance from CPTPP members. Việt Nam will inherit and promote the achievements of CPTPP, while working with partners to develop CPTPP more dynamically, substantially and effectively, promoting trade between members, he said.

The PM also said that in 2026, Việt Nam clearly identifies the CPTPP - EU Trade and Investment Dialogue as one of the top priorities.

The Canadian and EC leaders expressed their appreciation for PM Chính’s sharing, welcomed Việt Nam's role as CPTPP Chair in 2026, and affirmed that they will closely coordinate to help Việt Nam successfully assume this important role in promoting trade and investment cooperation between CPTPP members, as well as between CPTPP and its partners. — VNA/VNS

https://vietnamnews.vn/economy.....ivity.html

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Henig:  IMO: At a 24,000vnd to $1 exchange rate, who has shopping money to support a $227M shopping center? What do you have up your sleeve, Vietnam? I think we may have an idea...

Aeon Mall to build $227mn shopping center in Vietnam’s Dong Nai

Tuesday, November 18, 2025, 18:11 GMT+7

Aeon Mall Vietnam Co., Ltd., an arm of Japanese retail giant Aeon Mall, has received approval to build a major shopping complex in Dong Nai Province, southern Vietnam.

The provincial administration on Monday held a ceremony to grant Aeon Mall Vietnam an investment registration certificate for its Aeon Mall Bien Hoa project in Tran Bien Ward.

Backed by more than VND6 trillion (US$227.4 million), the project is set to become one of the largest shopping malls in the province.

The mall will be built on a plot of over 10 hectares along Dang Van Tron Street and will feature a wide range of facilities, including food and beverage outlets, leisure areas, children’s play zones, office and warehouse space, and an event hall.

Aeon Mall Bien Hoa will also have the rights to import, export, wholesale, and retail goods without setting up separate wholesale or retail entities, in accordance with Vietnamese law.

According to provincial authorities, the investment is not only significant in terms of capital but also plays a strategic role in driving Dong Nai’s economic transformation.

At the ceremony, Nguyen Kim Long, deputy chairman of the Dong Nai administration, congratulated Aeon Mall Vietnam on choosing the province as its strategic location.

He highlighted that the project would strengthen the service and trade sectors, helping balance Dong Nai’s economic structure in line with its role as a gateway to the southern economic hub.

For the province’s more than four million residents, the presence of a world-class retail brand like Aeon Mall promises a modern shopping, dining, and entertainment destination built to international standards.

https://news.tuoitre.vn/aeon-m.....142107.htm

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Henig:  IMO: More info on mergers and acquisitions in Vietnamese markets tells me that investors think this area has strong possibilities for profits. I like that thought.

Vietnam’s healthcare sector sees $4.8bn in M&A as foreign investors target promising market

Saturday, November 22, 2025, 16:57 GMT+7

Mergers and acquisitions in Vietnam’s healthcare sector reached an estimated US$4.8 billion in the first eight months of 2025, driven by rising domestic demand and growing foreign investment, a specialist said on Friday.

The figure represents a 21-percent increase from the same period in 2024, with the average deal size rising to about $42 million, according to Dang Duc Nhu, an M&A specialist.

The first international conference on mergers & acquisitions in healthcare (HIMA 2025) was held in Hanoi on Friday to highlight investment opportunities in Vietnam's expanding medical market.

Nguyen Toan Thang, deputy chief of the Ministry of Health Office, said the government aims to expand community healthcare and improve medical services by 2030. 

He added that reforms to increase transparency in procurement, boost domestic production of medical equipment, and expand international cooperation are expected to attract more foreign capital.

Most recent deals involved pharmaceuticals, hospital chains, and private clinics, with investors seeking to expand capacity and improve service quality. 

Analysts said the sector's growth is supported by a rapidly aging population, which accounts for about 20 percent of the country, and a middle class projected to reach 23 million by 2030.

"Foreign investors are targeting Vietnam not only for its growth but also to participate in reforms, digital transformation, and local manufacturing," Thang said.

Bao Anh - Duong Lieu / Tuoi Tre News

https://news.tuoitre.vn/vietna.....756391.htm

News, Rumors and Opinions Sunday 11-23-2025

KTFA:

Henig:  IMO: Uhhhhh... You... Uhhhh... You guys KNOW you can fix this, right? In fact, from previous articles, we know something's in the works. How long do you all wanna' play this game?

Iraq’s economy nearing breaking point, expert says

2025-11-22 00:39   Shafaq News – Baghdad

Iraq is heading toward a major economic shock, economist Manar Al-Obaidy warned on Saturday, citing decades of structural neglect and the government’s reliance on "short-term remedies."

In a post on Facebook, Al-Obaidy accused officials of promoting an “economic illusion” that Iraq can overcome its fiscal crisis without deep reform, even as essential services near collapse, water and food security deteriorate, and financial reserves shrink.

He cautioned that policymakers are likely to choose temporary fixes again, relying on increased cash issuance, more borrowing, or expanded consumption-driven spending instead of structural change.

The next government, he warned, faces a binary choice: either initiate painful restructuring — cutting operating costs, reforming subsidies, and rebalancing public spending — or delay once more and aggravate long-term damage.

“Reform will provoke public anger, but delaying it will make the eventual collapse far harsher,” he said, urging decision-makers to prioritize sustainability over short-term approval.

Iraq’s economy has long depended on oil for over 90 percent of state revenue, leaving the country highly exposed to price fluctuations, while a swollen public payroll, heavy subsidies, and minimal private-sector participation have drained resources without creating sustainable growth.

https://shafaq.com/en/Economy/.....xpert-says

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Henig:  IMO: Frank says that Iraq almost always under-reports their gold acquisitions. With that being the case, did they really only purchase 6 tons of gold in Q3 2025?

Iraq purchases 6 tons of gold in Q3 2025

2025-11-22 05:55  Shafaq News – Baghdad

 Iraq added six tons of gold to its reserves in the third quarter of this year, the World Gold Council reported on Saturday.

The council said global central banks drove gold demand during the quarter after a slowdown in the first half of the year, bringing net purchases to about 220 tons. Despite a nearly 50% surge in gold prices since January and new all-time highs, the report noted that central banks continue to accumulate the metal as a strategic reserve asset.

Iraq’s latest purchase raises its total gold holdings to 170 tons.

Kazakhstan was the largest buyer in the third quarter, adding 18 tons to reach 324 tons in reserves. Brazil followed with a 15-ton purchase in September, lifting its total to 145 tons.

Turkiye increased its official reserves by seven tons, bringing its holdings to 641 tons, while China’s central bank added five tons, the Czech National Bank five tons, and Ghana four tons.

Only two countries reported reductions: Uzbekistan, which cut three tons, and Qatar, which reduced its reserves by one ton.

https://shafaq.com/en/Economy/.....in-Q3-2025

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

Frank26   Question:  "When Iraqi citizens get their purchasing power...would the rest of the world who holds dinar also be able to exchange at the new rate?"  The moment the CBI releases it, boom, the world gets it.  It'll go straight to Forex, every bank, every exchange center, everybody will receive it instantly.

Mnt Goat   If all goes well with the swap out of the notes in Iraq, and inflation remains low in Iraq, we can expect the next stage of the plan to include the reinstatement back to FOREX sometime in January... There is just too much adding up that this may actually be our timeframe.  

Militia Man   Everything they're doing is controlled...and I'm glad to see it because I want success.  I want you to be successful.  I want all of us to be successful...This Newsweek article is a green light. Quote:  "Iraq is stable, growing and ready and the world should pay attention."  Exactly.  100%...We all had patients.  Some for a couple years, some just happen to be here today.  Many of us have been here for 15, 20 years...I knew what I owned so I stuck with it.  I believe the country is going to be what it's showing to be.  It's filthy rich...$16 trillion worth of natural resources has my attention.  It's unbelievable and that's why I'm here.

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Huge Gold News Coming from the Fed! If You own Gold, Watch This Now- Rafi Farber

The Metal Mindset:  11-22-2025

A strange kind of tension is running through the markets right now, the sort that makes everything twitchy even when nothing obvious has happened.

That’s the backdrop Rafi Farber is talking about. In his view, the dollar is sitting at a fork in the road, and the Fed hasn’t committed to either branch.

As long as policymakers avoid that choice, the entire system trades like it’s over-caffeinated. Gold can jump a hundred dollars and cough it back the next day.

 Miners dive because Nvidia has a bad session. Bitcoin leverage unwinds and drags unrelated sectors with it. Margin connects everything, and debt amplifies every small move.

What this really means is that volatility is the default until the Fed decides whether it’s going to suppress deflation with liquidity or tolerate higher inflation to keep the gears turning.

 Farber’s take is that the outcome is already locked in. The Fed will print. It always does at the edge of a deflationary cliff.

But until the moment they stop hesitating, markets will keep whipping around in tight, manic loops. From there he pushes into a deeper point.

The dollar price of gold isn’t the key metric. The real issue is when people simply won’t accept dollars for their gold anymore. That’s the failure mode he’s outlining: a currency that loses credibility faster than wages can adjust, where debts stop meaning anything and the system jams.

In that environment, dollar-denominated prices don’t just rise; they detach from reality. People fall back on whatever actually holds value and can circulate without depending on trust in a central authority.

https://www.youtube.com/watch?v=RXPQwudiMo8

Seeds of Wisdom RV and Economics Updates Sunday Morning 11-23-25

Good Morning Dinar Recaps,

Peace by Trump’s Blueprint? Inside the Controversial 28-Point U.S. Ukraine Plan

Why this offer is stirring NATO fears, Ukrainian backlash, and global uncertainty

Overview

• The U.S. has floated a 28-point peace proposal to end the war in Ukraine.

• The plan reportedly requires Ukraine to make major concessions — territorial, military, and political.

• Many of the proposal’s terms align with long-standing Russian demands, but it also offers economic reintegration for Russia and vast reconstruction funds for Ukraine.

• European and Ukrainian leaders have reacted with deep skepticism, warning that the draft could undermine Ukraine’s sovereignty and security.

Key Developments

• Territorial Concessions
  Under this draft, Ukraine would de facto accept Russian control over Crimea and parts of Donetsk, Luhansk, Kherson, and Zaporizhzhia. Some regions would be demilitarized zones, while others would remain "frozen" along current conflict lines.

• Military Limits & Neutrality
  The plan caps the Ukrainian armed forces at 600,000 troops, far below current estimates. It also requires Kyiv to constitutionally renounce future NATO membership — while NATO agrees not to admit Ukraine.

• Security Guarantees, with Conditions
  Ukraine would receive security guarantees, but they come with significant caveats. If Ukraine were to launch aggression against Russia, those guarantees could be revoked. European warplanes would reportedly be stationed in Poland, not Ukraine.

• Economy & Reconstruction
  The proposal calls for €100–200 billion (or more) from frozen Russian assets to be used for rebuilding Ukraine. A “Ukraine Development Fund” would finance infrastructure, technology, and industry. At the same time, Russia would be offered long-term economic cooperation and possibly re-entry into the G8.

• Peace Council & Legal Framework
  A new “Peace Council,” reportedly to be chaired by Donald Trump, would oversee enforcement. The deal includes full amnesty for wartime actions and sets up a humanitarian committee for prisoner exchanges and family reunifications.

• Nuclear Power Plant
  The Zaporizhzhia nuclear plant would operate under IAEA supervision, with electricity shared equally between Ukraine and Russia.

Why It Matters

This isn’t just another ceasefire pitch — it’s a full-blown vision for a post-war order. The plan could reshape Europe’s security map in dramatic ways: Ukraine gives up territory and NATO hopes, Russia gains legitimacy, and the balance of power could shift. But Kyiv’s deep distrust, combined with European divergence, makes it anything but certain that this proposal will become a reality.

Implications for the Global Reset

• Pillar: Sovereign Risk & Leverage
  If pushed forward, the deal could weaken Ukraine’s autonomy and set a dangerous precedent about winning wars through geopolitical pressure.

• Pillar: Economic Reintegration Strategy
  By offering economic rewards to Russia, this plan could redefine how post-conflict reconstruction is tied to geopolitical concessions.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters – “Draft of U.S.-backed 28-point peace proposal for Ukraine”

• Al Jazeera – “More details of U.S. plan for Ukraine emerge, sees territory ceded to Russia”

• Washington Post – “Key elements in 28-point peace proposal and why much of it is unacceptable for Ukraine”

• Euronews – “European leaders say U.S. 28-point plan is a draft only; demands changes”

• Euronews – “Ukraine to begin talks with U.S. in Switzerland on 28-point peace plan”

~~~~~~~~~~

South Africa Pushes Through G20 Consensus as U.S. Boycotts the Summit

Africa’s first G20 presidency holds firm as member nations back a declaration without Washington’s participation.

Overview

• South Africa secures broad support for a G20 summit declaration despite the United States refusing to attend.

• Delegations completed the draft outcome document without U.S. involvement, drawing criticism from some U.S. officials.

• Climate policy remains central to the declaration, even as Washington rejects climate-related agenda items.

• Global South priorities—financing, minerals, and fairer lending—take unprecedented prominence under Africa’s first G20 presidency.

Key Developments

• President Cyril Ramaphosa confirmed strong consensus among G20 participants, emphasizing the significance of Africa’s first turn at the presidency and the unity shown by member states.

• The United States boycotted the summit, citing unproven allegations of discrimination against South Africa’s white minority and opposing the event’s focus on global solidarity.

• Envoys completed a draft declaration touching on climate-induced disasters, the transition to green energy, and ensuring mineral wealth benefits producing nations.

• A final agenda point seeks a more equitable borrowing system for lower-income countries, a priority welcomed by many Global South economies.

• Ramaphosa will hand over the G20 presidency to an “empty chair,” symbolizing South Africa’s refusal to accept the U.S. offer to send a substitute representative.

• Analysts noted that other major economies appear ready to embrace the African-led agenda, allowing meaningful outcomes to proceed even in Washington’s absence.

Why It Matters

This summit marks a pivotal moment for Africa’s role in global governance. Even without U.S. participation, South Africa secured alignment on a declaration centered on development, climate priorities, and fairer financial frameworks—illustrating a broader shift toward multipolar decision-making. The cohesion among other G20 members signals a world increasingly prepared to move forward on global issues even when Washington steps back.

Implications for the Global Reset

Pillar 1: Multipolar Leadership Expands
The ability of G20 members to reach a declaration without U.S. engagement highlights a redistribution of global influence. Emerging economies are coordinating more assertively on climate, lending, and industrial priorities—key components of long-term financial restructuring.

Pillar 2: Global South Priorities Move Center Stage
Africa’s first G20 presidency elevated issues—like mineral equity and climate-disaster financing—that align directly with broader global reset trends reshaping supply chains and investment flows.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters – “South Africa Says G20 to Agree Declaration Despite U.S. Absence”

• Modern Diplomacy – “South Africa: G20 to Agree Declaration Despite U.S. Absence”

• DW – “South Africa Hosts Historic G20 as Global South Priorities Take Focus” (contextual reporting)

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XRP Goes Mainstream: Bitwise ETF Ignites New Era for Ripple

The NYSE launch gives traditional investors unprecedented access to XRP, setting the stage for a potential market surge.

Overview

• Bitwise’s XRP ETF has gone live on the NYSE, opening the crypto asset to institutional and retail investors.

• XRP’s unique structure, cross-border payment focus, and 13-year history make it a standout in the crypto ecosystem.

• ETF momentum is expected to fuel capital inflows, potentially driving XRP price growth in the near future.

• Analysts predict Ripple could achieve significant long-term gains, with some forecasts projecting prices near $9–$10 by 2040.

Key Developments

• Bitwise XRP ETF Launch
  The ETF provides investors with a regulated, spot-based vehicle to gain exposure to XRP. Bitwise highlighted XRP’s potential to disrupt global payments, its strong community support, and favorable regulatory positioning.

• Market Resilience and Investor Interest
  XRP has maintained stability through prior market fluctuations. Analysts suggest the ETF will attract substantial inflows, supporting both liquidity and price momentum.

• Upcoming ETF Wave
  More than 100 crypto ETFs, including XRP-focused and broad crypto index funds, are expected to enter the market in 2026, amplifying the ETF ecosystem and institutional adoption.

• Price Forecasts
  According to CoinCodex and technical analysis, XRP could rise nearly 400% to reach $9.99 by 2040, though short-term sentiment remains cautious with indicators showing extreme fear.

Why It Matters

The Bitwise XRP ETF marks a major milestone in bridging crypto and traditional finance. By offering regulated, accessible exposure to XRP, the ETF could accelerate mainstream adoption, increase market liquidity, and strengthen Ripple’s position in cross-border payments.

Implications for the Global Reset

Pillar 1: Crypto Integration into Traditional Finance
The ETF launch signals a growing trend of regulated cryptocurrency instruments entering traditional markets, creating pathways for institutional capital flows into digital assets.

Pillar 2: XRP as a Strategic Payment Asset
With broader adoption and investment, XRP may solidify its role in cross-border settlements, challenging conventional fiat-dependent systems and supporting a multi-currency, decentralized financial landscape.

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Watcher.Guru – “Bitwise Just Put XRP on the Big Stage, What Comes After This?”

• CoinCodex – “XRP Price Prediction 2025–2040”

• CoinDesk – “Bitwise Launches Spot XRP ETF on NYSE”

• CNBC – “ETF Market Explosion Expected in 2026, XRP Among Top Picks”

~~~~~~~~~~

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Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Sunday Morning 11-23-25

An Economic Expert Told Nina: Iraq Needs Economic Reform Policies That Will Last Longer Than The Lifespan Of Its Governments

Saturday, November 22, 2025, 11:12 AM | Economy  Number of views: 288   Baghdad/ NINA / Economic expert Dirgham Muhammad Ali affirmed that the formation of the next government presents it with the challenge of completing existing development programs and implementing new ones to rescue the economic situation from the repercussions of escalating rentier spending. In a statement to the Iraqi National News Agency ( NINA) , Muhammad Ali said, "The rentier economy in Iraq has posed a significant challenge to the current government, imposing a high ceiling on investment spending.

The next government needs to complete some of these programs, such as reforming the banking system, investing in associated gas, and moving forward with the development path, in addition to finding radical or phased reform solutions to the near-absolute rentierism of the national economy."

He pointed out that "combating financial corruption and administrative bureaucracy must be completed with concrete steps if we want to reform the economic system," noting the existence of enormous challenges facing the reform process, such as high government expenditures and the difficulty of implementing reform policies within a system of accumulated corruption that has eroded the institutional structure of the Iraqi state for several decades.

Mohammed Ali stressed the necessity of establishing a supreme body for economic reform, under judicial and parliamentary oversight, to implement reform policies that would outlast the lifespan of governments, thus ensuring long-term reform. /End   https://ninanews.com/Website/News/Details?Key=1263156

Dollar Prices Remained Stable In Local Markets As The Stock Exchange Closed

Saturday, November 22, 2025 16:58 | Economy Number of views: 124   Baghdad/ NINA / The dollar exchange rate remained stable in Baghdad markets on Saturday evening, as the stock exchange closed at the start of the week.

The dollar held steady in the Al-Kifah and Al-Harithiya exchanges, recording 141,300 dinars per 100 dollars, the same rate as in the morning.

The selling price at currency exchange shops in Baghdad's local markets also remained stable, at 142,250 dinars per 100 dollars, while the buying price was 140,250 dinars per 100 dollars.

In Erbil, however, the dollar saw a slight increase, with the selling price reaching 140,900 dinars per 100 dollars and the buying price 140,700 dinars per 100 dollars. /End  https://ninanews.com/Website/News/Details?key=1263222

Gold Prices Stabilize Above $4077 Amid Rising Expectations Of A US Interest Rate Cut

Saturday, November 22, 2025, 07:25 | Economy Number of views: 194  Baghdad/ NINA / Gold prices stabilized in spot trading at $4,077.19 per ounce, after falling more than 1% earlier in the session, supported by comments from US Federal Reserve officials that bolstered bets on an interest rate cut next month.

US gold futures for December delivery rose 0.4% to $4,076.90 per ounce, while the precious metal is on track for a slight weekly loss of 0.1%.

As for other precious metals, silver fell 1.2% to $49.99 per ounce, platinum rose 1.2% to $1,529 per ounce, and palladium declined 0.4% to $1,372.44 per ounce. /End  https://ninanews.com/Website/News/Details?key=1263099

Basra Crude Oil Closes With A Weekly Loss Of More Than Two Dollars

Economy | 10:12 - 22/11/2025  Mawazin News - Baghdad:   Basra Heavy and Basra Medium crude oil futures closed lower for the week.  Basra Heavy closed down 96 cents at $59.59 on Friday, posting a weekly loss of $2.48, or 4%.

Basra Medium also closed lower, falling 96 cents to $61.34, and recording a weekly loss of $2.58, or 4.04%. Oil
prices continued their decline for the third consecutive session as the United States pressed for a peace agreement between Russia and Ukraine, which could allow more oil supplies to flow into the global market. Both crude contracts are on track to fall by more than 2% this week, driven by concerns about increased supply. https://www.mawazin.net/Details.aspx?jimare=270638

Bloomberg: Iraq To Sell Lukoil Oil To Avoid Supply Disruptions

Energy   Economy News — Baghdad  Oil from Lukoil's stake in an Iraqi field continues to flow to global markets, easing concerns about supply disruptions following sanctions imposed on the Russian energy giant.

It emerged this month that Lukoil was forced to declare force majeure on oil shipments from its stake in the West Qurna 2 field—a move that allows the company to be released from its contractual obligations. Payments to the company have also been frozen, according to Bloomberg.

This decision — which came after the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions against the Russian company in October — raised questions about whether the oil would continue to flow.

However, informed sources indicated that oil from the field is still being shipped to customers, and that the Iraqi state oil marketing company SOMO is handling the sales and currently holding the proceeds within Iraq. The sources requested anonymity due to the sensitivity of the matter.

The continued operation of West Qurna-2, Lukoil’s largest offshore upstream asset, exemplifies how countries are trying to avoid supply shocks following US sanctions. OFAC imposed sanctions last month on Lukoil and Rosneft, two of Russia’s largest producers, with implementation scheduled for November 21. Some of the restrictions on Lukoil have been postponed until next month.

Iraq was in talks with the US Treasury Department about trying to transfer ownership of Lukoil’s stake in the field before the sanctions took effect, or extending the deadline.

The West Qurna 2 oil field has the capacity to produce approximately 500,000 barrels per day of crude oil destined for refineries in Asia and Europe. Sources indicated that SOMO sells a portion of the field's oil directly to refineries, while the remainder is distributed among other production companies operating within Iraq.

Companies that work with entities subject to US sanctions risk being cut off from the Western financial system and denied access to dollar transactions — a worrying prospect for producers, since oil is sold globally in dollars, and companies make payments to contractors in this currency to finance infrastructure.

The Iraqi Oil Ministry did not respond to a request for comment outside of working hours. Lukoil also did not immediately respond to a request for comment.

The Iraqi government compensates international oil companies by paying them in crude oil instead of cash for their work in the country. These companies also receive a share of "equity crude" based on their ownership percentage in the oil fields, which they can sell on the open market or use in their own refineries.

International companies such as ExxonMobil and Chevron are in talks about acquiring some Iraqi oil fields.

Read on: The list of companies seeking to buy Lukoil's assets expands to include Exxon, Chevron, and Abu Dhabi.

Swiss energy trading firm Gunvor abandoned its bid to acquire all of Lukoil International’s assets after the U.S. Treasury Department described it on social media as a “Kremlin puppet,” asserting that it would never get approval to complete the deal.   https://economy-news.net/content.php?id=62573

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

“Tidbits From TNT” Sunday Morning 11-23-2025

TNT:

Tishwash:  Iraq increases its gold reserves to 170 tons

The World Gold Council announced on Saturday that Iraq bolstered its gold reserves by purchasing six tons during the third quarter of this year, bringing its total reserves to 170 tons.

The Council explained in a report ,reviewed by Al-Maalomah News Agency, that “central banks around the world were the main driver of gold demand during the third quarter, following a noticeable slowdown in the first and second quarters,” noting that “net purchases by central banks reached approximately 220 tons during the aforementioned period.”

Despite the significant rise in gold prices—which have jumped by about 50% since the beginning of the year, reaching record levels—demand from central banks continued to increase as part of policies to enhance financial security and diversify reserves.

The report indicated that "Kazakhstan was the largest gold buyer in the third quarter, with its central bank adding 18 tons, raising its total reserves to 324 tons. The Brazilian central bank also purchased 15 tons in September, bringing its total holdings to 145 tons."

The Central Bank of Turkey continued to bolster its reserves, adding 7 tons to bring its total holdings to 641 tons. The People's Bank of China and the Czech National Bank each purchased 5 tons, while the Bank of Ghana acquired 4 tons.

Conversely, only two countries saw a decrease in their reserves during the third quarter: Uzbekistan, with a decline of 3 tons, and Qatar, with a decrease of 1 ton. link

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Tishwash:  US will not accept 'outside interference' in Iraq's new government, special envoy says

Washington is 'carefully watching', Mark Savaya says

 The US will not tolerate any external actors interfering in the formation of Iraq's new government, Washington's special envoy to the country said on Friday.

Mark Savaya, who President Donald Trump last month named as the special envoy to Iraq, said Baghdad had made “significant progress” over the past three years.

 “We hope to see this progress continue in the coming months,” Mr Savaya wrote on X.

He said the US is “carefully watching” the process of Iraq forming its new government following elections this month.

 Mark Savaya @Mark_Savaya

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I look forward to visiting Iraq soon and meeting with the key leaders. Iraq has made significant progress over the past three years, and we hope to see this progress continue in the coming months. At the same time, we are carefully watching the process of forming the new Show more

9:38 AM · Nov 21, 2025

“Let it be clear that the United States will not accept or permit any outside interference in shaping the new Iraqi government,” he said.

 The special envoy said he would be heading to Iraq soon to meet key leaders.

Prime Minister Mohammed Shia Al Sudani's political bloc won the most seats but a new government could be a way off due to wrangling to build a majority.

Post-election talks between Shiite, Sunni and Kurdish parties in Iraq usually last for months. By convention in Iraq, a Shiite Muslim holds the post of prime minister, a Sunni is parliament speaker and the largely ceremonial presidency goes to a Kurd.

The main challenge for the next government will be addressing long-standing grievances over poor public services, corruption and unemployment – issues that have fuelled mass protests in recent years. The new administration will also need to maintain the delicate balance in ties between Iran and the US, the country's two main allies. link

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Tishwash:  Iraq enters the era of "digital maturity"... Huge leaps in the use of the internet and social media

Iraq is witnessing a significant acceleration in the use of digital technology in its various forms and methods, coinciding with the entry of thousands of international companies into the Iraqi market. This surge in digital consumption is attributed to what could be considered excessive usage.

According to official figures released by global digital companies, most notably We Are Social, this trend is occurring amidst warnings about the continued escalation of reliance on rapidly advancing technologies and their increasing dominance over the lives of Iraqi citizens, despite the positive aspects of the current  digital maturity.

The latest digital data released for October 2025 revealed radical shifts in the Iraqi technological landscape, with the country recording record jumps in internet and smartphone usage rates, a clear indication that Iraq is entering a phase of accelerated "digital maturity".

A report issued by We Are Social, which highlights the adoption of connected services, showed that Iraq is witnessing an unprecedented phenomenon in the use of social media, which grew by a tremendous 17% in just one year, with the number of digital identities exceeding 40 million.

In detailing the figures, the report explained that the number of mobile phone subscriptions in Iraq has exceeded the actual population, reaching 50.8 million subscriptions, in a country with a population of 47.3 million people, and with a penetration rate of 108% of the total population, the concept is established that the Iraqi citizen depends entirely on the mobile phone as a main gateway to the world, with the phenomenon of an individual owning more than one SIM card being widespread.

These figures come in conjunction with the rise in the country’s urbanization rate to 72.2%, which has facilitated the deployment of communications infrastructure in cities and densely populated areas.

The internet is no longer a luxury in Iraq, but a necessity for daily life. The report indicated that 39.6 million Iraqis use the internet, which is equivalent to 83.8% of the population. This widespread use, which grew by 4.7% compared to last year, practically means the disappearance of the “digital divide” that the country suffered from in previous decades, paving the way for distance education services and digital work.

The most controversial and interesting figure in the 2025 report is the "rocketing" increase in the number of social media users, with 5.8 million new users joining these platforms in the last 12 months alone.

Ali Nouri, a researcher and specialist in digital media, believes that “the number of social media accounts exceeding (40.1 million) the number of actual internet users reflects a deep division of Iraqi society in the virtual space, and the multiplicity of accounts for one individual across different platforms, which makes these platforms the new ‘public arena’ for Iraqis.”

Nouri affirms: “This new digital landscape opens the door for the business sector; the data clearly indicates that the Iraqi market is fully ready for a revolution in e-commerce and financial technology (FinTech), and with a user base of this size, companies that do not have a clear digital strategy will find themselves out of the competition.”

He continues, "These figures place the Iraqi government before urgent obligations, most notably the need to move from the traditional e-government to a 'smart government' that provides its services through mobile phone applications to suit the behavior of citizens, in addition to the urgent need for strict legislation related to cybersecurity to protect the data of millions of new users."  link

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Mot:  Seasoning is Soooo Much Fun!!!!

Mot: Heeee heeeee heeeee