“Tidbits From TNT” Budget Published in Gazette 2-18-2025

TNT:

Tishwash:  Issue No. (4814) of the Iraqi Gazette was published on 2/17/2025.

 2025-02-18 10:28:00

 - Law No. (1) of 2025 “Amending Personal Status Law No. (188) of 1959.”

- Law No. (2) of 2025 “Second Amendment to General Amnesty Law No. (27) of 2016”.

- Law No. (3) of 2025 “Cancelling the decisions of the (dissolved) Revolutionary Command Council and returning the properties to their owners.”

- Law No. (4) of 2025 “First Amendment to the Federal General Budget Law of the Republic of Iraq for the Fiscal Years (2023-2024-2025) No. (13) of 2023.”

- Regulation No. (3) of 2025 “The first amendment to the Civil Airports Wages System No. (6) of 2018 issued by Cabinet Resolution No. (67) of 2025.”

- Instructions No. (1) of 2025 “Implementing the Second Amendment Law to Amnesty Law No. (27) of 2016, effective from the date of voting on it in the Iraqi Council of Representatives on 1/21/2025.”

To download the issue click here

Anyone wishing to purchase issues of the Iraqi Gazette can visit the Iraqi Gazette Department located in Al-Salihiya/Haifa Street (Ministry of Justice building) and obtain the required issue

Resolution No. (1)

Based on what was approved by the House of Representatives based on the provisions of Clause (First) of Article 21

Article 73, paragraph (Third) of the Constitution

The President of the Republic decided on 2/11/2025

Issuing the following law:

No. (1) of 2025  law

First Amendment to the Federal General Budget Law of the Republic of Iraq

For the fiscal years (2023-2025-2025) No. (13) of 2023

Article 10 - The text of Paragraph (c) of Clause (Second) of Article 12 of the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023) 2024-2025 No. 13 shall be cancelled.

Year 2023 and shall be replaced by the following:

A1: The Federal Ministry of Finance shall compensate the Kurdistan Regional Government from the sovereign expenses for the costs of production and transportation of the quantities of oil produced in the region that are received by the State Oil Marketing Company (SOMO) or the Federal Ministry of Oil in accordance with paragraphs (b) of this clause, provided that the calculation is made C

10. The Federal Ministry of Finance shall compensate the Kurdistan Regional Government from sovereign expenses for the costs of production and transportation of the quantities of oil produced in the region that are received by the State Oil Marketing Company (SOMO) or the Federal Ministry of Oil in accordance with paragraphs (a) and (b) of this clause, provided that the fair estimated costs of production and transportation for each field separately are calculated by a specialized international technical consulting body determined by the Federal Ministry of Oil in agreement with the Ministry of Natural Resources in the region, within a period of (60) sixty days from the date of entry into force of this law, and in the event of failure to reach an agreement within the aforementioned period, the Federal Council of Ministers shall determine the aforementioned consulting body.

The technical advisory body referred to in (1) of this paragraph shall submit the estimated cost of production and transportation to the Federal Ministries of Finance and Oil.

2/17/2025

(65)  laws

Iraqi Facts - Issue 4814   190

The Kurdistan Regional Government, and it is approved for the purposes of this law, and the compensation stipulated in (1) of this paragraph shall be calculated based on the aforementioned cost per barrel multiplied by the number of barrels received in accordance with paragraphs (a, b) of this item, and the Federal Ministry of Finance shall undertake to pay the amounts to the Kurdistan Regional Government.

Immediately commence the delivery of oil produced in the region to the State Oil Marketing Organization (SOMO) or the Federal Ministry of Oil in accordance with paragraphs (a, b) of this clause, and the costs of production and transportation shall be compensated by the Federal Ministry of Finance as advances at a rate of $16 per barrel, to be settled later after the specialized technical advisory body referred to in paragraph (1) of this paragraph completes its work and retroactively from the date of commencement of delivery pursuant to this amendment.

Article 2 - This law shall be implemented from the date of its publication in the Official Gazette.

Abdul Latif Jamal Rasheed   president  link

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

Tishwash:  Federal Reserve Praises Development of US Dollar Cash Distribution System in Iraq

The Central Bank announced, today, Sunday, the details of its meetings with the US Treasury and the US Federal Reserve.

The Central Bank stated in a statement received by / Al-Maalouma / agency, that “the first quarterly meetings for the year 2025 with the US Treasury and the US Federal Reserve, which were held in Dubai with the participation of international auditing and consulting firms (EY, K2 Integrity, Oliver Wyman), ended and the meetings were crowned with praise for the steps taken by the Central Bank of Iraq and the Iraqi government to reform the banking sector.”

He added that "the most important steps that have been taken are the development of the cash distribution system for the US dollar in Iraq, which they considered the most controlled and controlled system in the world, which limits manipulation and smuggling of the US dollar."

The Central Bank explained that “the consulting firms (EY and Oliver Wyman) reviewed the plans to reform the public and private banking sector and upgrade it in line with international standards and to facilitate the involvement of Iraqi banks in the international financial relations network. international correspondent banks in the Iraqi banking sector.”  link

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

Tishwash:  Regional Oil: The Path to Resuming Exports and Its Next Stages: New Hopes on the Road to Economic Recovery

Former member of the Natural Resources Committee in the Kurdistan Parliament, Jihad Hassan, commented today, Monday (February 17, 2025), on the statements of the Minister of Natural Resources in the regional government regarding the resumption of the region’s oil exports.

Hassan said in an interview with Baghdad Today, "This is an economic step that will revive the economy of the region and Iraq in general, and the matter was dependent on Baghdad and Ankara, as the region has been ready for a long time to export oil without any obstacles."

On the other hand, the expert and advisor on oil affairs, Govind Sherwani, confirmed that “the President of the Republic signed the amendment to Article 12 of the budget law related to the allocations for production and transportation of the region’s oil, and this issue was the obstacle to resuming exports.”

In an interview with Baghdad Today on Monday (February 17, 2025), Sherwani said, "The law will come into effect after its publication in the Official Gazette, and with regard to the technical aspect, a delegation from the Federal Ministry of Oil visited the region to review the technical aspects."

He added, "It is expected that within a week or the end of this month, the technical arrangements will be completed, and export will become possible. It is certain that the previous quantities, which are 400 thousand barrels per day, will not be, because these arrangements and the rehabilitation of the oil wells that were left for two years require a long time, and it may take more than 3 months to reach the previous rates."

He pointed out that "the beginning will not be less than 250 thousand barrels exported daily, and it is possible that within a month or two, exports will return to 400 thousand barrels, and this is a new resource to raise the public treasury, especially since this oil can be marketed to European markets without any obstacles."

At the beginning of 2025, new developments came in the amendment of Article 12 of the budget law, which paved the way for the resumption of oil exports from the Kurdistan Region. This step is considered an important solution to a legal problem that was hindering oil exports, and provides the region with an opportunity to enhance its economic revenues by exporting oil to global markets, especially European ones.

Despite the technical challenges facing the process of resuming exports, such as rehabilitating oil wells that have been out of service for two years, experts expect that the export process will begin in limited quantities, with the possibility of gradually increasing them in the coming months  link

Mot: Multi Talented I Is!!! 

Mot..... and then there is ""Grandma's Tea"" 

Seeds of Wisdom RV and Economic Updates Monday Evening 2-17-25

Good Evening Dinar Recaps,

ELON MUSK’S D.O.G.E. SET TO INVESTIGATE FORT KNOX’S $425B GOLD RESERVE

A groundbreaking D.O.G.E. investigation has catalyzed some more intense debate across multiple financial sectors after Elon Musk brought to the surface questions about the Fort Knox’s $425 billion gold stockpile verification process.

The Department of Government Efficiency (D.O.G.E.) has engineered a comprehensive review to verify whether Fort Knox actually maintains its reported 4,580 tons of gold, revolutionizing traditional Treasury oversight.

How Elon Musk’s D.O.G.E. Investigation Could Impact Fort Knox’s Gold Reserves

Political Response and Bitcoin Alternative

The D.O.G.E. investigation has leveraged significant political momentum, with several key lawmakers spearheading support initiatives.

Senator Rand Paul said:

“Nope. Let’s do it”

Senator Cynthia Lummis had this to say:

“Bitcoin fixes this. A bitcoin reserve could be audited anytime 24/7 with a basic computer. It’s time to upgrade our reserves.”

This pivotal D.O.G.E investigation comes after Senator Lummis created the groundbreaking Bitcoin Act, which aims at creating a strategic reserve formed out of 1 million Bitcoins, which would be optimizing a whopping amount of 5% of the total BTC supply.

The initiative deploys secure Bitcoin vaults operated through some sophisticated Treasury protocols. This would be leveraging the existing Federal Reserve and Treasury resources.

How States Use & Their Own Gold

Several major states have spearheaded their own cryptocurrency initiatives while Fort Knox discussions continue at the federal level. 

Pennsylvania, Texas, Wyoming, Arizona, and Wisconsin have engineered innovative state-based Bitcoin reserve strategies, catalyzing significant momentum for cryptocurrency adoption across various government sectors.

The Treasury has leveraged its existing 200,000 BTC holdings, primarily acquired through strategic asset seizures coordinated by US Marshals. Under the groundbreaking BITCOIN Act, these digital assets would be integrated into Treasury operations, pioneering a new era of national cryptocurrency reserves.

The Current Position of the Treasury

A pivotal inspection of Fort Knox was conducted in 2017 during Treasury Secretary Steve Mnuchin’s visit. The facility had remained sealed since 1974, when select journalists and lawmakers gained unprecedented access following widespread concerns about missing gold.

The vault’s sophisticated security architecture requires multiple authorized personnel for access, presenting ongoing challenges for comprehensive verification.

Also talking about gold reserves, Senator Lummis said:

“A bitcoin reserve could be audited anytime 24/7 with a basic computer. It’s time to upgrade our reserves.”

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

HESTER PEIRCE ON CRYPTO INDUSTRY'S 5 BIGGEST CONCERNS

The SEC's lead Crypto Task Force regulator talks early action.

President Trump made big crypto promises on the campaign trail. With Gary Gensler gone and the SEC now under new management, his administration stands ready to deliver on the agenda with digital asset regulatory clarity.

Hester Peirce – an outspoken advocate for digital asset liberties and regulatory restraint – joined David Hoffman to discuss the implications of changing agency leadership on crypto’s future.

Day one of the Trump Administration saw Commissioner Peirce appointed as head of the SEC’s freshly formed Crypto Task Force, and its first move was rescinding SAB 121, a controversial accounting policy that restricted financial institutions from offering crypto custody services.

Although Gary Gensler’s relentless trickle of crypto lawsuits traumatized industry participants and discouraged engagement with American regulators, Commissioner Peirce hopes to build healthy relationships with crypto projects and encourage experimentation through practical solutions that uphold regulation.

We didn’t get all the answers, but it was certainly refreshing to hear a lead crypto regulator finally engaging with the industry! Here’s how Hester responded to the crypto industry’s top 5 pressing concerns.

1 Regulatory Clarity for Tokens
One of the biggest shifts is the potential retroactive regulatory relief for token issuers. Peirce outlined a roadmap whereby projects that issued tokens in the past can gain legal clarity by providing disclosures and agreeing to certain conditions.

For years, the SEC's aggressive stance against tokens has discouraged transparency, leaving many projects afraid that disclosures could be used against them in future enforcement actions. Commissioner Peirce hopes to flip that dynamic by encouraging voluntary disclosures.

2 No-Action Letters
Peirce discussed the no-action letter process, which allows companies to request an official statement from the SEC confirming that a specific activity will not result in an enforcement action.

The SEC continues to solicit input from the crypto industry on how these processes should work, as it did under Gensler, and interested parties can reach out directly to provide feedback via the email: crypto@sec.gov.

3 Securities Laws and Crypto
Historically, being labeled a security has been a death sentence for crypto tokens in the U.S. due to the regulatory burdens it imposes. But does it have to be that way?

Peirce acknowledged that while some crypto assets will clearly fit within securities laws, the industry needs new frameworks to accommodate decentralized networks.

She also touched on meme coins, stating that just because something is popular doesn’t necessarily make it a security, but warned individuals against assuming that the SEC (or any regulator) will act as a safety net for those making speculative bets.

4 Airdrops and Retail Access to Crypto
Crypto projects often exclude U.S. citizens from their airdrops over fears they could become embroiled in legal troubles with securities regulators.

While Commissioner Peirce didn’t provide a definitive answer on airdrops, she signaled that the SEC is working on clearer guidance and encouraged projects to submit scenarios to the Crypto Task Force so they can better understand what the industry needs.

Additionally, Peirce indicated openness towards modernizing American financial regulations and expanding private market access through novel investor accreditation standards.

5 The SEC’s Relationship with the CFTC
Under previous leadership, the SEC and CFTC had an almost territorial fight over which agency would regulate crypto. Peirce expressed optimism that this will change, emphasizing that collaboration between regulators is now a priority.

Rather than seeking jurisdictional dominance, Commissioner Peirce hopes regulators will work together to create frameworks that actually make sense for crypto markets.

@ Newshounds News™

Source:  Bankless

Link to the Podcast:  Bankless

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

The 10 Golden Secrets of Fort Knox

The 10 Golden Secrets of Fort Knox

2-17-2025

Think you know what’s inside Fort Knox? The 10 golden secrets of the US Bullion Depository

Doug Whiteman September 12, 2022

In This Article:

You may have learned about Fort Knox from the James Bond movie Goldfinger, or from the old cartoon where Bugs Bunny tricks Yosemite Sam into digging up some of the gold bars and getting arrested.

But what do you really know about the U.S. bullion bunker in Kentucky?

The Fort Knox gold vault is one of the most secure and secret places in America. Because few people have ever gotten inside, the gold depository is a subject of fascination and speculation.

Here are 10 things we know — or maybe don’t know.

1. It holds tons of gold — literally

Fort Knox currently houses 147.3 million ounces of gold. The government says the bullion has a “book value” of $6.22 billion.

However, that’s based on a fixed price that officials set in 1973. Based on the current market value of gold, the reserves at Fort Knox are worth a far more impressive $252 billion, roughly speaking.

Much of the gold in the vault is in the form of 27-pound bars, while a percentage is in gold coins.

At one time, the point of having all of that gold was to provide backing for U.S. currency — but the dollar was taken off the gold standard in 1971.

2. Is the gold really in there?

So why does the U.S. hang onto its gold stash?

“Just in case we need it,” is the explanation a former Federal Reserve Board chairman reportedly gave.

Conspiracy theorists have insisted that the government secretly sold off the gold and that the gold bars are actually tungsten bricks painted to look like the precious metal.

There’s no way for outsiders to say with absolute certainty if there’s really bullion — or if it’s all bull. Over the years, there have been few audits to test the gold, or inventories to count it.

3. Outsiders rarely get inside

In 2017, Treasury Secretary Steve Mnuchin led a rare visit by outsiders to peek at the gold reserves inside the Fort Knox vault.

He was accompanied by Senate Majority Leader Mitch McConnell, and the two of them were photographed holding gold bars.

Afterward, Mnuchin had an answer for the conspiracy mongers. “Glad gold is safe!” he tweeted.

The last time Fort Knox had opened its vault to civilians was more than 40 years earlier. A congressional delegation and some journalists got a look at the gold in 1974.

4. Only one U.S. president ever got inside

President Franklin Roosevelt commissioned the construction of Fort Knox in the mid-1930s, reportedly because the Treasury worried that U.S. gold reserves weren’t safe from an enemy invasion.

Later, Roosevelt became the only U.S. president ever to set foot inside the gold vault’s titanic walls.

He traveled to Fort Knox to make an inspection in 1943, about seven years after construction on the vault was completed.

5. It’s one beefy building

Fort Knox contains 4,200 cubic yards of concrete, 16,000 cubic feet of granite, 750 tons of reinforced steel and 670 tons of structural steel. The cost of construction in the 1930s was a mere $560,000.

The roof is said to be bomb-proof, and the main vault door weighs 20 tons and is 21 inches thick. The Treasury says no one person knows the entire combination.

The door is resistant to torches, drills and explosives — not that any of that matters. The real challenge to any would-be intruder is reaching the building in the first place.

6. Guards and more guards

Fort Knox is guarded by members of the U.S. Mint Police, one of the oldest federal law enforcement agencies. It was established in 1792.

The officers undergo 12 weeks of basic training, followed by five weeks of field training. They learn a long list of heavy-duty skills, including weapons handling, cornering, door entry and room clearing.

If that doesn’t seem intimidating enough, Fort Knox sits at the center of a 109,000-acre U.S. Army post and is a training ground for military troops from around the country.

7. A frail foreign visitor

Occasionally, the vault at Fort Knox has held other precious items, besides gold.

In 1939, one of the original copies of the Magna Carta — the Medieval English charter laying down basic human rights — was brought to the U.S. to go on exhibit at the New York World’s Fair.

When World War II erupted, the delicate document was transferred to Fort Knox for safekeeping. The Magna Carta stayed in residence until 1947, when it went back to England.

But for a time, it had some treasured American roommates.

8. Very special guests from U.S. history

World War II turned Fort Knox into a hotel of sorts for prized papers from both sides of the pond.

Originals of the Declaration of Independence, the Bill of Rights and the U.S. Constitution were moved to the gold vault out of fear that the nation’s capital would be attacked.

As the war wound down, the parchment was returned to its rightful home in Washington, D.C., in 1944. That left some room at Fort Knox for the next priceless guest.

9. Protection for a hallowed headpiece

Legend has it that Hungary’s King Coloman, who reigned from 1095 to 1116, declared that the Holy Crown of Hungary, and not the king, was the true ruler of the realm.

During World War II, the crown was whisked out of Hungary to protect it from falling into the clutches of the Nazis or Soviets. It resurfaced in Austria in 1945 and was handed over to American forces.

The U.S. government brought the crown to Fort Knox for safekeeping. It remained there until 1978, when it was returned to Hungary by a delegation led by U.S. Secretary of State Cyrus Vance.

10. America’s medicine cabinet

What else has Fort Knox held, besides gold and historic artifacts? How about a hoard of d***s? Morphine sulfate, to be exact.

During the Cold War, the U.S. military wanted to be certain that it had a healthy supply of pain meds in case foreign opium sources ever got cut off. So, in 1955, Fort Knox opened its doors to tons of opium.

The government spent millions refining the stuff into morphine in 1993. However, unlike the gold — we think — the morphine is no longer there today.

Source: Yahoo Finance

https://dinarchronicles.com/2025/02/17/the-10-golden-secrets-of-fort-knox/

Economist’s “News and Views” 2-17-2025

Is the U.S. About to Revalue Gold? What It Means for You!

Financial wisdom:  2-15-2025

In latest gold news reveals the US government is considering revaluing its 8,133 metric tons of gold reserves from the current $42.22 per ounce (set in 1973) to potentially match market prices near $3,000, which could generate over $760 billion in value.

While China and other central banks added record amounts of gold to their reserves in 2024, the US debates whether revaluation could help address national debt and strengthen the dollar's global position. -----

0:00 US gold reserves valued at $42.22/oz vs. market price of $3,000/oz

0:57 Benefits of gold revaluation, including debt reduction and dollar strengthening

2:09 Impact on investors and markets

 3:46 Historical context & central bank gold buying trends

https://www.youtube.com/watch?v=9EFrv7mkHKM

MARKETS A LOOK AHEAD: (TAKE ACTION NOW). WHAT IS ALREADY HAPPENING, AND ABOUT TO HAPPEN.

Greg  Mannarino:  2-17-2025

https://www.youtube.com/watch?v=i9W0mfP8VDY

This Always Happens Right Before a Market Crash

Heresy Financial:  2-17-2025

TIMECODES

 00:00 4 Crash Indicators: Introduction

00:26 #1 Euphoria and Fear of Missing Out

 01:17 Real Estate Example (Great Financial Crisis)

 02:13 Fear & Greed Index Explained

02:55 Social Media & Family “FOMO” Signs

03:16 #2 Illogical Valuations

 03:40 Dotcom Bubble & Pets.com

04:48 Amazon’s Overvaluation in 2000

 05:16 Possible AI Bubble

06:03 Palantir vs. AMD Example

 07:01 Summing Up Illogical Valuations

07:23 #3 Monetary & Fiscal Policy Changes

07:56 End of 2021: Top Mark & Market Drawdown

 09:08 Tracking M2 Money Supply

 09:43 Why Policy Signals Matter

10:12 #4 “Idiots Getting Rich” Phenomenon

10:40 The Uber Driver / Dentist Test

 11:24 Assessing the Market Today

11:51 Valuations, Rotations & Strategy

12:26 Inflationary Deleveraging Outlook

13:17 Government Debt & Currency Devaluation

13:36 Not All 4 Crash Indicators Are Present

 14:19 “Bull Markets Climb a Wall of Worry”

 15:07 Three Ways to Protect/Profit from a Crash

 16:35 Taking Partial Profits & Holding

https://www.youtube.com/watch?v=1juJGETFr2U

Seeds of Wisdom RV and Economic Updates Monday Afternoon 2-17-25

Good Afternoon Dinar Recaps,

SILVER PRICES SURGE TO HIGHEST LEVELS SINCE OCTOBER, EYEING $35 MARK

Silver prices surged to $33 per ounce on Friday, hitting their highest since late October at $33.41, fueled by factors driving gold to record highs. Analysts suggest silver may challenge its 10-year peak of $34.87, though some remain cautious due to the metal’s volatility and its lag behind gold in 2024.

Silver has gained 14% in 2025 after rising 21% in 2024, supported by rising U.S. Comex futures prices amid concerns over a potential U.S. trade war due to proposed import tariffs.

The March silver contract increased 3.3% to $33.79. The premium between CME futures and London spot prices has caused market volatility, drawing significant inflows into COMEX-approved warehouses. CME silver stocks surged 22% to 375.8 million ounces since November 24, when President Trump announced tariffs on Mexico and Canada, later delayed until March.

Copper prices also hit a three-month high, supporting silver. Meanwhile, London Bullion Market Association data revealed an 8.6% drop in silver inventories to 23,528 tons in January, the largest monthly decline since 2016.

Despite bullish trends, analysts caution against silver's volatility, noting its price movements often exceed gold’s by 2-2.5 times. Technical concerns arise as silver traded between $22-35 in 2024 compared to $19-27 in 2023.

Industrial demand, comprising half of silver’s usage, could face challenges if a trade war hampers global growth. Additionally, fewer U.S. Federal Reserve rate cuts and slowing Chinese growth may pressure silver prices further.

The silver market's volatility and external economic factors will likely continue to influence its trajectory, with investors closely watching its attempt to reach the $35 threshold.

@ Newshounds News™

Source:  Economic Times

~~~~~~~~~

BREAKING: ELON MUSK’S DOGE LAUNCHES SEC PROBE AS RIPPLE LAWSUIT NEARS END

In a latest development, Elon Musk’s DOGE has announced audit into the SEC for fraud, abuse and waste. The cryptocurrency community is closely watching this development, particularly as the SEC’s lawsuit against Ripple is nearing its conclusion.

The DOGE_SEC account has urged the public to share information about the SEC’s actions. “DOGE is seeking help from the public! Please DM this account with insights on finding and fixing waste, fraud, and abuse,” the account posted.

This move has sparked heated debates among legal and financial experts. In reaction to this, Coinbase’s Chief Legal Officer, Paul Grewal, suggested a rule requiring the SEC to pay legal fees for defendants who successfully fight its lawsuits. Other voices from the crypto community have also raised concerns about the SEC’s actions, especially over its ongoing litigation with Ripple.

Besides, Ripple’s CLO, Stuart Alderoty, responded to SEC’s ongoing scrutiny, saying, “I have the receipts,” suggesting that crucial documents tied to the case could soon be made public. However, it remains to be seen if this could bring a swift end to the Ripple vs. SEC case.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

TETHER SEEKS INVOLVEMENT IN U.S. STABLECOIN REGULATIONS

Tether has been in talks with U.S. lawmakers behind the STABLE Act. The firm aims to get more involved in shaping U.S. stablecoin legislations.

According to FOX Business reporter Eleanor Terrett, Tether has been in discussions with Rep. Bryan Steil and Republican Chair of the House Financial Services Committee, French Hill, regarding stablecoin regulations in the U.S.

Steil and Hill confirmed to Terret that the world’s largest stablecoin issuer has been engaging actively on the discussion draft for the new bill, Stablecoin Transparency and Accountability for a Better Ledger Economy, or STABLE Act.

The bill is set to require stablecoin issuers to gain permission from the Office of the Comptroller of the Currency and back their crypto to traditional fiat currency, short-term U.S. Treasury bills, or central bank reserves.

CEO Paolo Ardoino said that the firm plans to comply with the U.S. regulations for stablecoin, however it may turn out.

“We are not going to just throw in the towel and let Tether die just for the sake of not adapting to U.S. legislation,” said Ardoino.

This means that if the STABLE Act comes to pass, Tether will need to commit to maintaining one-to-one asset backing for its tokenized fiat and conduct monthly reserve audits through a U.S.-based accounting firm.

According to Terret, Tether has been criticized for its lack of transparency, namely due to accusations that the firm has never received a full audit. Instead, the stablecoin firm provides quarterly reports from its financial books published by global accounting firm BDO.

Furthermore, JP Morgan analysts predict that Tether will have to sell some of its Bitcoin holdings to comply to the new requirements, citing that the stablecoin firm only has 66% to 83% of the required amount to back its crypto supply.

Ardoino stated that his team aims to get involved in shaping all regulatory frameworks for stablecoins in the U.S. to ensure that they have a say in the legislative process.

“We are going to work within the regulatory framework, and we are going to try to advise on every single one of these field proposals to make sure that our voice is heard,” said Ardoino.

In the past week, there have been three stablecoin bills introduced in the House and the Senate.

Aside from the STABLE Act, there was also the GENIUS Act, a bipartisan bill introduced by the Senate team that includes an author of the Bitcoin reserve proposal, sen. Cynthia Lummis. The bill regulates stablecoins with a market cap over $10 billion.

Additionally, Democratic Rep. Maxine Waters on the House Financial Services Committee, introduced a proposal for stabelcoin oversight involving the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve.

On Feb. 13, Federal Reserve Governor Christopher Waller said that stablecoins have the potential to strengthen the U.S. dollar’s domination on a global scale. 

However, he believes that the stablecoin market still requires a regulatory framework that directly addresses stablecoin risks and enables banks and non-banks to issue stablecoins.

Last year, Fed Chairman Jerome Powell also claimed to fully support the creation of a stablecoin framework in a meeting with the House Financial Services Committee.

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

DJ: DID YOU KNOW? Chronology of Banking

DJ: DID YOU KNOW?  Chronology of Banking

For the skeptics regarding the eventual implementation of the GCR, we first have to look at the evolution of the banking system. As the world became more global, it was an obvious necessity that banking would have to evolve to accommodate global transactions. The GCR is merely a component of the next logical phase of this evolution.

Chronology of Central Banking: Evolution and Key Milestones

1609 – 1694: Early Central Banking Foundations

The first recognized central bank, the Bank of Amsterdam (1609), introduced key concepts of modern banking, including deposit accounts and transferability. The Bank of England (1694) was then established to finance war debts, setting the precedent for state-controlled monetary policy.

1791 – 1913: Rise of National Banking Systems

The First Bank of the United States (1791) and the Second Bank of the United States (1816) laid the groundwork for central banking in America but faced opposition from those who feared centralized financial power. After their demise, the National Banking Act of 1863 established a system of nationally chartered banks, though the absence of a true central authority led to financial instability.

1910: The Jekyll Island Meeting

In response to frequent financial panics, powerful bankers and politicians secretly convened on Jekyll Island, Georgia, to draft the blueprint for a new central bank. This led to the establishment of the Federal Reserve System in 1913, creating a lender of last resort and formalizing U.S. monetary policy.

1929 – 1932: The Great Depression and the Banking Crash

The stock market crash of 1929 triggered a series of bank failures, culminating in the 1932 banking crash. In 1933, the U.S. government introduced the Glass-Steagall Act, separating commercial and investment banking and establishing the Federal Deposit Insurance Corporation (FDIC) to restore public confidence.

1944: The Bretton Woods Agreement

This agreement pegged global currencies to the U.S. dollar, which was convertible to gold, establishing the dollar as the world’s reserve currency. The International Monetary Fund (IMF) and the World Bank were also created to stabilize economies and promote international trade.

1971: The End of the Gold Standard

President Richard Nixon’s decision to abandon the gold standard in 1971 led to a fully fiat currency system. Central banks gained greater control over monetary policy but also increased the risk of inflation and currency devaluation.

2008: Global Financial Crisis

The subprime mortgage crisis resulted in widespread bank failures, leading to government bailouts and the implementation of stricter regulations, including the Dodd-Frank Act. Central banks, particularly the Federal Reserve, used quantitative easing to stabilize economies. ( The primary objectives of quantitative easing are to boost economic activity and prevent deflation by providing liquidity to the financial system. By purchasing these assets, central banks inject money into the economy, aiming to increase spending by businesses and consumers)

Islamic Banking vs. Central Banking

Islamic banking operates under Sharia law, prohibiting interest (riba) and speculative financial instruments. Instead, it employs profit-sharing models such as Mudarabah and Musharakah. In contrast, central banking relies on interest rates and monetary policy tools to regulate economies, often leading to debt-based financial structures.

Decentralization and Digital Banking ( Ushers in the need for a GCR)

The next logical phase in banking evolution is decentralization through blockchain technology and central bank digital currencies (CBDCs). Cryptocurrencies challenge traditional banking structures by offering borderless and decentralized financial transactions, while CBDCs provide governments with more control over monetary policy in a digital age. As artificial intelligence and automation continue to advance, the future of banking may shift toward fully digital, algorithm-driven financial systems.

Bottom line “some times you have to trim the limbs for the tree to grow”

DJ

https://dinarchronicles.com/2025/02/16/the-office-of-poofness-weekly-report-update-from-poof-and-dj-2-16-25/

News, Rumors and Opinions Monday 2-17-2025

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 Mon. 17 Feb. 2025

Compiled Mon. 17 Feb. 2025 12:01 am EST by Judy Byington

Judy Disclaimer: Please be aware that I can only report the news as I find it, try to credit articles with their original author and am not responsible for the content, which may or may not be true. I encourage you to do your own research and make up your own mind as to what is happening in this great War of Good Against Evil.

Global Financial Crisis

Sun. 16 Feb. US Preparing for Global Currency Reset and Release of gold/backed US Note …John F. Kennedy on Telegram

Buckle up. There’s a massive move happening in the gold market that almost nobody’s talking about. Huge physical deliveries. Shortages in London. Gold flowing into the U.S. at record levels. Someone with deep pockets is scooping up gold—likely the U.S. Treasury or Fed.

Why? The theory: They’re preparing for a full-on gold audit—meaning they’re re-shoring gold they might’ve leased out. Once audited, that gold could form the backbone of a new monetary system. This could signal a seismic shift in the dollar’s status and value.

The endgame: A major devaluation of the U.S. dollar to reset America’s global competitiveness. Think back to 1971 (Nixon shutting the gold window) or 1985 (Plaza Accord). This time, it might be even bigger—some call it the “Mar-a-Lago Accord.”

Tariffs are key. They aren’t just about steel, aluminum, or stopping fentanyl. They’re the cudgel to force other countries to accept a new currency regime. The U.S. wants to drive down the dollar’s value vs. the yuan, euro, yen, etc. to boost exports and domestic industry.

Bottom line: Prepare for a major monetary reset. One that’s orchestrated (they hope) rather than chaotic. These aren’t half-baked theories. You can see it in gold flows, Trump’s policy picks, the talk of a Sovereign Wealth Fund, and a looming forced revaluation.

~~~~~~~~~~

The Real News for Sun. 16 Feb. 2025:

Sun. 16 Feb. 2025 Goodbye Internal Revenue Service, Hello External Revenue Service, Trump: 15,000 IRS employees have been identified to be FIRED as early as next week by President Trump. The IRS is going to be thrown in the trash bin of history. Attention IRS workers: If you survive this round of job cuts, take advantage of the opportunity to start getting your resume out there for a new job. If you’re smart, you aren’t waiting to be fired, you’re applying for a job at the “External Revenue Service.” That’s the future. The day of collecting any federal taxes from the American people will soon be over.

Read full post here:  https://dinarchronicles.com/2025/02/17/restored-republic-via-a-gcr-update-as-of-february-17-2025/

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

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

Frank26  We are on the precipice.  We are right on the edge of this happening...Isn't it exciting we're not asking questions like, 'Will it happen?'  We're instead waiting with a reality. 

Fnu Lnu  I can hardly believe all the things Iraq is doing simultaneously. It boggles the mind. Iraq has launched a 15,000 acre housing project - They approved Phosphate and Sponge Iron projects - Standard Chartered is putting $95m up for Iraq Power Plant Financing - Iraq is expanding the Maysan Refinery to include a new 70,000 bpd facility - Iraq launched its third phase of "Baghdad Pulse" initiative which is rehabilitating Al Rasheed Street which was reduced to a pile of rubble on top of a pile of rubble - BP is putting 25B on the table and betting big on Iraq again - It just goes on and on with all manner of progress like new economic agreements with Kuwait and 3 new oil wells in Zubir and it would take a page to list all the alliances and agreements and projects. This hardly sounds like a country operating on 1320 IQD to the 1 USD to me. Something has got to give. Singapore has no news on the completion of the cross-border payment training. I think when they are through, we will see movement.

Gold Standard 2.0: 2 BRICS Central Banks Just Changed All Precious Metals Prices FOREVER | Lyn Alden

Two Dollar investing:  2-16-2025

Gold Standard 2.0: 2 BRICS Central Banks Just Changed All Precious Metals Prices FOREVER | Lyn Alden

https://www.youtube.com/watch?v=0s9vRiki9NY

Seeds of Wisdom RV and Economic Updates Monday Morning 2-17-25

Good Morning Dinar Recaps,

BREAKING: SENATOR LUMMIS SAYS ‘A BITCOIN RESERVE COULD BE AUDITED ANYTIME 24/7 WITH BASIC COMPUTER’

▪️Senator Cynthia Lummis pushes for Bitcoin reserves in the U.S. to boost transparency and stability in financial policy.

▪️Lummis leads Bitcoin integration efforts, with states like Texas eyeing strategic Bitcoin reserves. Could this reshape U.S. economic policy?

Senator Cynthia Lummis an advocate for Bitcoin and financial innovation, has called for the United States to update its national reserves to include Bitcoin.

Lummis, who represents Wyoming in the U.S. Senate, believes that a Bitcoin reserve could be audited 24/7 with just a basic computer, offering transparency and stability for the U.S. financial system.

According to Bitcoin Magazine, she said, “A bitcoin reserve could be audited any time 24/7 with a basic computer. It’s time to upgrade our reserves.”

As the new chair of the Senate Banking Subcommittee on Digital Assets, Senator Lummis is pushing for legislative changes to integrate Bitcoin into U.S. economic policy. She has consistently advocated for regulatory clarity and Bitcoin-friendly policies.

In a recent discussion, Lummis also opened up about the growing interest in Bitcoin reserves, not just within the U.S., but also from other countries like the United Arab Emirates.

Lummis shared that states like Pennsylvania, Texas, and Wisconsin are already considering creating their own strategic Bitcoin reserves, signaling a trend that could eventually influence federal policy. She said that states often act as incubators for innovation, and that a state-level Bitcoin reserve could serve as a model for broader adoption.

Lummis Leads Charge for Bitcoin Integration

As part of her advocacy, Lummis will be discussing the role of Bitcoin in U.S. reserves and its potential to stabilize the nation’s finances at Bitcoin 2025, a key event for the cryptocurrency community. She encouraged Bitcoin supporters to engage with lawmakers and work towards making a state the first to adopt a strategic Bitcoin reserve.

Senator Lummis remains optimistic about Bitcoin’s future, seeing it as an asset that could help reduce the U.S. national debt and provide a hedge against inflation. She envisions Bitcoin playing a crucial role in protecting the U.S. dollar’s position as the world’s reserve currency.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

TRUMP ADMIN ADVISER MEETING WITH FEDERAL RESERVE CHAIRMAN ‘REGULARLY’

Investors are patiently waiting for interest rate cuts to fuel risk-on-asset markets amid high inflation and macroeconomic uncertainty.

Kevin Hassett, the director of the National Economic Council — a White House advisory board to President Trump — disclosed that he is now having “regular” meetings with Federal Reserve chairman Jerome Powell.

During a recent appearance on CBS’ Face The Nation, the host asked Hassett if his meetings with the Federal Reserve chairman were to influence interest rates. The White House adviser responded:

“Jerome Powell is an independent person. The Federal Reserve’s independence is respected. The point is the president’s opinion can also be heard — he is the president of the United States.”

The adviser added that long-term rates have already come down since the Trump administration took office, citing a 40 basis point reduction in 10-year Treasury rates as evidence that the market believes inflation is coming down.

Lower interest rates are a bullish catalyst for cryptocurrencies and other risk-on asset classes, as access to cheap credit encourages market participants to borrow capital to purchase investments and businesses.

@ Newshounds News™

Source: CoinTelegraph 

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

“Tidbits from TNT” Monday Morning 2-17-2025

TNT:

Tishwash:  Al-Sudani enhances Iraq's international standing in Munich and Prague

The Iraqi political and diplomatic arena witnessed remarkable activity through the participation of Prime Minister Mohammed Shia al-Sudani in the Munich Security Forum, and his visit to the Czech capital, Prague, where important agreements were signed with his Czech counterpart.

Parliamentarians and observers believe that these steps reflect Iraq's policy of strengthening diplomatic relations and security and economic cooperation at the regional and international levels.

Munich Security: A presence that reflects Iraq's international weight

Member of the Parliamentary Security and Defense Committee, Jawad Al-Bolani, stressed that Al-Sudani's participation in the Munich Security Conference reflects the growing importance of Iraq in combating terrorism and combating organized crime, which enhances its position as a tough international figure in this field. He explained that the conference is a vital platform for exchanging intelligence information and establishing security and military partnerships, in addition to being an opportunity to showcase Iraq's combat capabilities and compare them with international forces.

Al-Bolani pointed out that Iraq seeks to develop its security services through the use of the latest technologies, which reflects its orientation towards building advanced armed forces capable of protecting its borders and confronting security challenges.

Strengthening Security and International Partnerships

For his part, security expert Fadhel Abu Raghif pointed out that Al-Sudani’s visit to Germany and his meeting with the commander of NATO forces reflects Iraq’s orientation towards establishing the foundations of security and peace in cooperation with friendly countries, especially in light of the withdrawal of American advisors and international coalition forces during the current year.

Abu Raghif explained that Iraq has now taken an advanced position in the field of exchanging intelligence information with European and Western countries, which enhances international security and thwarts attempts by terrorist organizations to carry out attacks in those countries.

Visit Prague: Strategic Partnerships and Economic Prospects

Al-Sudani's participation in the Munich Forum coincided with his visit to the capital, Prague, where he signed strategic agreements with the Czech government to enhance bilateral cooperation in the fields of economy, security and culture. Independent politician Dr. Aid Al-Hilali considered that these agreements represent a strong desire on the part of Iraq to strengthen its international partnerships, which contributes to supporting the national economy and developing security capabilities through the exchange of expertise and technology.

Al-Hilali also pointed out that Iraq benefits from the experiences of European countries in the fields of security and defense, which enhances its capabilities in facing security and regional challenges.0

Iraq's role in regional stability

During his participation in the Munich Forum, Al-Sudani discussed regional and international security issues, including counter-terrorism, border security, and human rights. Observers stressed that Iraq plays a pivotal role in the stability of the Middle East region, and that its active presence in such forums enhances its international standing and gains it greater support to confront security and economic challenges.

Attracting investments and boosting the economy

On the other hand, political analyst Dr. Talib Mohammed Karim believed that Al-Sudani's visit to Prague and his participation in the Munich Forum reflect the Iraqi government's orientation towards attracting foreign investments, especially in the infrastructure and energy sectors. He explained that these visits open new horizons for economic cooperation and enhance Iraq's position as an active party in the international arena.

Balanced Iraqi Policy Towards Stronger Relations

Al-Sudani’s recent visits show a clear trend towards strengthening Iraq’s international standing by adopting a balanced diplomatic policy based on strategic partnerships and security and economic cooperation. It seems that the Iraqi government seeks to exploit these opportunities to enhance the country’s stability and achieve sustainable economic growth.

With these steps, Iraq is affirming its growing regional and international role, paving the way for more international partnerships and economic opportunities in the near future. link

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

Tishwash:  Nechirvan Barzani reveals the content of his meeting with the US Secretary of State in Munich

The President of the Kurdistan Region, Nechirvan Barzani, revealed the contents of the meeting that brought him together with the new US Secretary of State, Marco Rubio, on the sidelines of participating in the Munich Security and Peace Conference, indicating that Iraq confirmed its position of its desire to play an active role in ensuring the security and stability of the region, as well as discussing files related to Syria.

This is the first meeting between Nechirvan Barzani and the foreign policy official in the Donald Trump administration in his second term as US president, and he is the only Iraqi official who met with him at the summit.

Nechirvan Barzani said in a press conference held today, Sunday, from Munich: "We held a good meeting with the American minister, as you know he started his work a short time ago, and we talked about common files between Iraq and America."

He added, "We stressed that Iraq wants to be an effective factor in achieving security and stability in the region," and its readiness to enhance cooperation to achieve security and stability.

“Syria was the focus of all the meetings we held, and we discussed the developments taking place there,” he said, explaining the Kurdistan Region’s position on the changes taking place in the neighboring country, saying: “As everyone knows, the ongoing transformation in Syria is a source of joy and welcome,” adding: “We hope that the transitional Syrian government will be able to involve all components in the new political process. The Kurdistan Region hopes that security and stability will prevail in Syria and that the Syrians will enjoy a good life.”

He added, "We hope that Syrian President Ahmed al-Sharaa will be able to achieve security and stability and meet all the demands and aspirations of the Syrians."

According to Nechirvan Barzani, the terrorism file and the fight against ISIS were a major focus of his discussions with the American official and all the officials he met at the World Summit in Germany. He stressed that “we still see ISIS as a threat to the Kurdistan Region, Iraq and even Syria, and we praised the support provided by the international coalition forces in fighting this organization and requested its continuation.”

Nechirvan Barzani praised the political and security situation inside Iraq, stressing that the Iraqi government has made significant progress in this regard, as it was able to overcome major threats, noting that "the biggest problem facing the government at the present time is the problem of traffic and traffic congestion," referring to the restoration of security.

 Nechirvan Barzani had stated in a blog post on his official account on the "X" website, after the meeting that brought him together with the American official on Saturday, "Secretary of State Marco Rubio and I affirmed the strong partnership between the United States and the Kurdistan Region of Iraq. We discussed ways to enhance our cooperation and deepen our shared commitment to regional stability and security," adding: "I thanked the Secretary for his continued support." link

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

Tishwash:  Iraq and Germany discuss enhancing bilateral cooperation and consolidating economic partnership between the two countries

The Undersecretary of the Ministry of Foreign Affairs for Bilateral Relations, Mohammed Hussein Mohammed Bahr Al-Uloom, discussed with the German Ambassador, Christiane Homann, enhancing bilateral cooperation and consolidating the economic partnership between the two countries.

A statement by the Ministry of Foreign Affairs stated that Bahr Al-Uloom received the German Ambassador at the ministry's headquarters and the two sides discussed ways to enhance cooperation between Iraq and Germany, stressing the importance of consolidating the economic partnership and increasing the volume of trade exchange, in addition to intensifying mutual visits and activating existing bilateral agreements to achieve the common interests of the two friendly countries. "

The Undersecretary welcomed, according to the statement, the work of German companies in Iraq, praising the role of BAYER Chemical Industries, stressing the great potential that Germany can contribute to supporting Iraq's efforts to rehabilitate the infrastructure, especially within the framework of the "Development Road" project.

He pointed to the ongoing efforts to facilitate the work of German development agencies in Iraq, calling at the same time to cancel travel warnings to Iraq, which contributes to strengthening bilateral relations.

For her part, the German Ambassador expressed her appreciation for the level of ongoing cooperation between the two countries, praising the developments witnessed by Iraq in various fields, which reflect the efforts of the Iraqi government to enhance stability and development. "

Christiane Homann also welcomed the measures taken by Iraqi diplomatic missions abroad, especially with regard to providing facilities to Iraqi communities by activating the system for issuing and printing passports and the unified national card, stressing her country's commitment to continuing cooperation and coordination with Iraq in a way that serves common interests."

In the context of regional developments, the Foreign Undersecretary reviewed the Iraqi government's approach to dealing with current challenges, stressing the importance of adopting dialogue to spare the region the repercussions of regional tensions. "

Bahr al-Ulum also discussed, according to the statement, the developments in Syria, stressing the need to respect the will of the Syrian people in determining their political future, warning of the escalation of the activity of the terrorist organization ISIS, which calls for intensifying regional and international cooperation to confront this common threat."

At the end of the meeting, the two sides stressed the importance of intensifying diplomatic efforts to reduce regional tensions, enhance humanitarian and relief support, coordinate joint efforts in combating terrorism, and work to support a political path in Syria that ensures respect for human rights and reflects societal diversity. link

Mot: . This never ends well for the men! 

Mot: ..... I Say!! I Say!! Are We There Yet????

More News, Rumors and Opinions Sunday PM 2-16-2025

KTFA:

Clare: Rashid Bank launches the sale of national bonds and calls on citizens to invest

  2/16/2025

 Rashid Bank announced that it has directed its branches across the country to begin selling national bonds (first issue), which comes within the plans to enhance local investment.

 The bonds include two different categories, according to a statement by the bank, a copy of which was received by {Al Furat News}, two categories: “The first, a bond worth 500 thousand dinars with an annual interest of 6% paid every six months for two years, at a rate of 3% every six months, and the other category, a bond worth one million dinars with an annual interest of 7.5% paid every six months for four years, at a rate of 3.75% every six months.

The bank called on all those wishing to purchase to visit its branches in various governorates. LINK

Clare:  Central Bank announces details of its meetings with US Treasury and Federal Reserve

2/16/2025

The Central Bank announced, today, Sunday, the details of its meetings with the US Treasury and the Federal Reserve, which witnessed praise for the reform measures taken by the Central Bank and the Iraqi government in the banking sector.

The bank stated in an official statement received by {Al Furat News} that “the meetings praised the development of the US dollar cash distribution system in Iraq, describing it as “the most controlled and monitored system in the world”, due to its role in reducing manipulation and dollar smuggling operations.” 

The statement explained that “the reforms also included a qualitative shift in foreign transfer operations, as the Central Bank took measures to address the risks associated with these operations, to reach levels comparable to transfers carried out by global banks.” 

The bank pointed out that “international consulting firms (EY and Oliver Wyman) presented during the meetings plans to reform the public and private banking sector, in line with international standards, and to support the involvement of Iraqi banks in the global financial network.”   LINK

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

Clare:  Three electronic payment services companies will be banned from dealing in dollars

2/16/2025  Sumerian News – Economy

 Informed sources revealed that three electronic payment service companies will be banned from dealing in dollars.

Reuters quoted the sources as saying that “three companies will be banned.”Services Electronic payment in Iraq From dealing in dollars.

This came after Iraqi banking sources revealed Quoted According to diplomats working in Baghdad, new sanctions will be issued against 5 Iraqi banks that violated international standards and some of which transferred funds to illegal entities, while the Central Bank denied the veracity of this news.

 The sources reported in a news report that I followed up on. Sumerian News, “The sanctions will include bank owners after at least one of the five banks was accused of working entirely for the benefit of One of Armed factions in Iraq.

It was later published that the five banks included in the measures are Misk Bank, Al-Sanam Bank, Al-Muttahid Bank, Al-Amin Bank, and Al-Mashreq Bank.

After including the five banks in the sanctions, 34 out of 44 private banks will be in Iraq It has been included in the sanctions to keep 5 Iraqi banks operating in Iraq In addition to 5 other Iraqi banks operating with Arab and foreign capital.. the total number of banks operating in Iraq 10 banks, in addition to other government banks, namely Rafidain Bank, Rashid Bank, Trade Bank of Iraq, and other specialized banks such as agricultural, industrial, and others.  LINK

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

Bruce   [via WiserNow]   We know that the rates have come up on the screens, but we also know that the rates are fluctuating, trading back and forth at a very high rate of speed…

Mnt Goat   Article:  “AMERICA STOPS THE DOLLAR CASH TO IRAQ: WILL THE DOLLAR RISE AGAINST THE DINAR?”  All I can say is its about time! But this is a major change and there will be adjustments that will have to be made…how can the CBI get the dinar to be worth more than the dollar? Is it time to conduct the in-country RV to just over a dollar?

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

BREAKING NEWS Iraq to End $19 Billion Loss +PM Meeting w/US Senator

Edu Matrix:  2-16-2025

BREAKING NEWS Iraq to End $19 Billion Loss +PM Meeting w/US Senator Iraq's oil industry is on the brink of a major comeback! Today, Foreign Minister Fuad Hussein announced that efforts are underway to resolve technical issues with the Kurdistan Regional Government (KRG) to resume crude oil exports to Turkiye.

With a staggering $19 billion in revenue lost over nearly two years, this development could significantly impact Iraq's economy. Hussein shared that a legal framework has been established, and talks are now focused on technical details.

Optimism is high that negotiations could kick off next week, leading to swift resolutions. Join us as we explore the implications of this crucial news for Iraq's financial future!

https://www.youtube.com/watch?v=qajOghAt1xk

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 2-16-25

Good Afternoon Dinar Recaps,

SEPARATION OF POWERS IS ON TRIAL IN THE US

WASHINGTON, Feb 14 - Donald Trump has put the constitutional separation of powers in the United States on trial. Federal judges have for now blocked many of his administration’s early moves, from ending birthright citizenship to removing health and science websites, setting up a larger battle at the Supreme Court.

Threats from the president and his allies to ignore adverse judicial rulings risk a historic rupture in American governance and law.

Since taking office last month, the White House has attempted to freeze $3 trillion in government loans and grants, shut down entire agencies like the Consumer Financial Protection Bureau, and fired Senate-confirmed officials whose terms have not expired, without cause.

Previous Republican administrations, including Trump’s first, wanted to achieve similar goals. But they did not attempt the president’s current strategy because it flatly contradicts the U.S. Constitution and the text of existing statute.

Congress controls federal appropriations, and the 1974 Impoundment Control Act strictly delineates the executive’s role in disbursing those funds. Officials have virtually no discretion to block payments.

The Supreme Court may yet give the commander-in-chief his way. The court’s nine justices, three of whom were appointed by Trump, have already expanded executive powers. They could choose to further tilt the balance in favor of the president, effectively weakening Congress. 

Some conservatives on the court favor overturning a 1935 ruling, opens new tab that limits the president’s ability to fire a Senate-confirmed official. Trump is challenging that by removing minority-party commissioners on the National Labor Relations Board, among others. A ruling in his favor might make it easier to target bigger fish, like the Federal Reserve chair.

A more immediate danger is that the Trump administration undermines legal judgments. When federal courts blocked the funding freeze and restricted access to sensitive payment systems for lieutenants of Elon Musk, the Tesla boss called the judge “corrupt” and the White House said judges were “abusing their authority.”

The American Bar Association, opens new tab on Monday condemned the “wide-scale affronts to the rule of law itself”. At other times, Trump has said he will comply with court orders.

The true crisis would be if Trump decides to ignore court rulings and congressional mandates.

That’s no far-fetched scenario: administration officials have sought to find ways around an edict to unblock all frozen grants, opens new tab to government contractors and non-profit organizations, ProPublica reported.

Meanwhile, Trump this week instructed the Department of Justice to stop enforcing the Foreign Corrupt Practices Act, which punishes Americans who bribe officials overseas.

Laws are meaningless, and ultimately unenforceable, if those in power choose to ignore them. An unaccountable executive branch combined with neutered judicial and legislative branches would hobble companies, organizations, nations, and individuals who depend on the promises of the federal government, as well as the open markets and society that are the bedrock of U.S. stability and prosperity.

@ Newshounds News™

Source:  Reuters

~~~~~~~~~

MUSK WANTS RON PAUL TO AUDIT THE FED -  Video- 9 min

@ Newshounds News™

Source:  The Hill

~~~~~~~~~

JUST IN: 🇺🇸 Senator Rand Paul calls on Elon Musk's DOGE to audit US gold reserves at Fort Knox to ensure it's still there.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

Isaac posted the following message in our Telegram Living Room on Valentine's Day:

"Hello happy valentine 💘 I will have great news Tuesday (February 18th) and will post in my room , things are developing and will have a confirmation by then, blessings ."

Join Isaac's Telegram room -  Link

Isaac on our Website Link 

@ Newshounds News™

~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps