Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

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. -----

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

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Iraq Economic News and Points to Ponder Monday Afternoon 2-17-25

Government Advisor: Historic Decision To Protect Iraqi Gold And Revive The Craft With A New Generation

Time: 2025/02/17 11:31:22 Read: 1,905 times  {Economic: Al Furat News} The financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the recent decision regarding the management and sustainability of the national wealth of gold and precious metals is one of the most important steps that will contribute to protecting the national economy and ensuring its stability.

Saleh told Al Furat News Agency that "this step comes as part of a broader strategy to make gold a safe and stable reserve for citizens and the local economy."

Government Advisor: Historic Decision To Protect Iraqi Gold And Revive The Craft With A New Generation

Time: 2025/02/17 11:31:22 Read: 1,905 times  {Economic: Al Furat News} The financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the recent decision regarding the management and sustainability of the national wealth of gold and precious metals is one of the most important steps that will contribute to protecting the national economy and ensuring its stability.

Saleh told Al Furat News Agency that "this step comes as part of a broader strategy to make gold a safe and stable reserve for citizens and the local economy."

He explained that "the decision aims to preserve a rare and historical resource that is in line with the price and monetary systems in the economic community, and it also seeks to create an attractive industrial climate within Iraq instead of this wealth leaking into external industrial workshops, which led to a decline in quality and quality control, in addition to the depletion of national resources."

He noted that the absence of the goldsmith craft locally and its dispersion due to various circumstances and its transfer to neighboring countries has led to destabilizing dealings with this vital resource, which exposed the family and the economy to great risks,"

stressing that "the decision will revive this craft by supporting a new generation of national craftsmen, which will enhance the local market for gold and reduce dependence on foreign markets in manufacturing and remanufacturing."

Saleh stressed that "this step will lead to strengthening the position of gold as one of the basic resources within the national economy, especially after long years of leaks resulting from wars and conflicts.

He explained that the government has given this issue great attention, as the decision came to be in line with the social and economic customs and traditions of families and individuals who have relied on gold as a store of value for thousands of years.

The Industrial Coordination Council had approved in its meeting yesterday, Sunday, the localization of the precious metals industry, including gold and jewelry, in addition to cosmetic products, with instructions to provide all necessary facilities for those wishing to establish their own factories.

It was decided to monitor the quantities of gold exported abroad, through controls that determine the quantities remanufactured, and to submit documents to the Central Bank that secure the value of the exported quantity, and to return the quantity after its manufacture is completed to the country, under the supervision of the Central Bank.   LINK

Rafidain Bank Launches National Bonds Worth Two Trillion Dinars

Economy | 09:33 - 02/17/2025  Mawazine News – Baghdad   Rafidain Bank announced today, Monday, the launch of national bonds (first issue) in the amount of two trillion dinars.

A statement by the bank received by (Mawazine News) indicated "the launch of national bonds (first issue) in the amount of (2) trillion dinars for the period from February 10 to March 10, 2025.

The bonds are distributed into two categories:

- A bond of 500,000 dinars (five hundred thousand dinars) with an annual interest of 6% paid every six months for a period of two years

for a period of four years
- The bond is sold to banks as well as to the public (natural and legal persons)
- The person (natural or legal) wishing to purchase submits a direct request to the bank, bringing with him the original identification documents https://www.mawazin.net/Details.aspx?jimare=259640

Oil Prices Fall Again As Hopes For Peace In Ukraine Rise

Monday 17 February 2025 08:26 | Economic Number of readings: 198

Baghdad / NINA / Oil prices fell for the fourth consecutive day during early Monday trading, due to expectations that a peace agreement between Russia and Ukraine may ease sanctions that disrupt supply flows and due to concerns that global tariff wars will slow economic growth and weaken energy demand.

Brent crude futures fell 20 cents, or 0.2 percent, to $74.59 a barrel, by this morning. Brent crude had suffered losses of 3.1 percent in the past four sessions after US President Donald Trump and officials from his administration announced that they had begun discussions with Russia to end the war in Ukraine.

West Texas Intermediate crude futures fell 23 cents, or 0.3 percent, to $70.51 a barrel.

US crude fell 3.8 percent in the past four sessions, and fell earlier in Monday's session to $70.12 a barrel, its lowest level since December 30, according to Reuters data.

Trump said on Sunday he believed he could meet with Russian President Vladimir Putin “very soon” to discuss ending the war in Ukraine.

His comments come as the United States and Russia prepare to hold preliminary talks in Saudi Arabia in the coming days.

“Markets are down on the prospect of a ceasefire between Russia and Ukraine and the possibility of sanctions on Moscow being eased,” said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities.

“Concerns about an economic slowdown caused by tariff wars, due to Trump’s actions, are also weighing on prices.”

He expected West Texas Intermediate crude to trade between $66 and $76 for a while as further declines in oil prices could curb U.S. oil production.

U.S. and European Union sanctions on Russian oil exports have limited shipments and disrupted seaborne oil supply flows. Lifting sanctions if a peace deal is reached would boost global energy supplies. /End   https://ninanews.com/Website/News/Details?key=1187091

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

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

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.

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

~~~~~~~~~

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Iraq Economic News and Points to Ponder Monday AM 2-17-25

Reuters: The Iraqi Central Will Prevent 5 Local Banks From Dealing With Dollars

Economy ​ Yesterday, 17:39 |  Baghdad today- Baghdad  Two informed sources reported today, Sunday (February 16, 2025), that the Central Bank of Iraq will prevent local banks from dealing with dollars.
 
"The Central Bank of Iraq will prevent 5 local banks from dealing with dollars in the US Treasury request." The two sources added,  "3 companies for payment services will be banned from dealing in dollars according to the US Treasury request," the two sources added.

Reuters: The Iraqi Central Will Prevent 5 Local Banks From Dealing With Dollars

Economy ​ Yesterday, 17:39 |  Baghdad today- Baghdad  Two informed sources reported today, Sunday (February 16, 2025), that the Central Bank of Iraq will prevent local banks from dealing with dollars.
 
"The Central Bank of Iraq will prevent 5 local banks from dealing with dollars in the US Treasury request." The two sources added,  "3 companies for payment services will be banned from dealing in dollars according to the US Treasury request," the two sources added.

They pointed out, "America has submitted its request due to severe cash violations and the smuggling of the dollar outside the country."
 
The Central Bank of Iraq had previously denied today, Sunday, that Iraqi banks were subjected to international sanctions, calling for "the adoption of official channels to find out the latest news."
 
But economist Ziad Al -Hashemi, today, confirmed that the American treasury started the campaign of punishment for Iraqi banks and companies after its meeting with the Central Bank.
 
Al -Hashemi said in a post on his Facebook account, which was followed by "Baghdad Today" that "the
 
American (non-military) operations were launched towards Iraq and the first campaign targeted the punishment of Iraqi (decorative) banks on charges of facilitating fraudulent transfers and financing groups and countries, punishing and supporting terrorism." He added that
 
"the US sanctions officially arrived at the concerned Iraqi authorities (according to internal sources) by the US Treasury Financial Intelligence Office, which is concerned with monitoring, following up and punishing entities and individuals who support terrorism, armed activities and American punishment." He continued:
 
"The punished Iraqi banks are from the category of small and medium banks, which seem to be active behind the scenes with activities that harm the Iraqi economy and in violation of the American and international sanctions system, the leakage and evasion of the Iraqi dollar for foreign trade."    
  
https://baghdadtoday.news/268076-رويترز-المركزي-العراقي-سيمنع-5-بنوك-محلية-من-التعامل-بالدولار.html  

Rashid Bank Capital Jumps From 2 Billion To 50: What Are The Reasons? Does Timing Have A Relationship? -
 
Economics | 13-02-2025, 14:11 | Baghdad today- Baghdad  The specialist in the banking and financial affairs, Alaa Al-Fahd, revealed today, Thursday (February 13, 2025), the reason for the increase in the capital of Al-Rashid Bank at this time. Al-Fahd told "Baghdad Today" that
 
"this measure is among the government reform of banking policy by expanding the size of banks and their participation in economic development, as
 
there is a reform policy that it pursues for a government with the Central Bank of Iraq, with the help of international companies in order to develop banking work and increase bank branches, and
 
for this reason There was obligatory to increase the capital according to the requirements of the stage. "

And that " today the capital (2) billion dinars is not commensurate with the current reality, because the Rashid Bank possesses the number of branches and number of shareholders, and
 
for this the increase in the bank's capital, will contribute to the classification of the current situation, and contribute to upgrading the current reality."
 
"This increase is the beginning of the restructuring of banks, especially the bankers of Al-Rafidain and Al-Rashid, and
     made them at a level that meets the ambition of the current stage, and
     is at the level of development and the level of the need of the Iraqi economy."
 
The Federal Cabinet agreed, during its session last Tuesday, to increase the capital of Al-Rashid Bank from 2 billion dinars to 50 billion dinars, from calculating the expansion reserves for the bank, provided that the Iraqi Ministry of Finance takes the necessary measures for implementation.
 
Earlier, the government announced ambitious plans to restructure government banks, led by Al-Rafidain and Al-Rashid bank, with the aim of converting them into more modern and efficient financial institutions capable of meeting the needs of the growing Iraqi economy.
 
The Council of Ministers also decided in its session held on January 13, 2025 to establish a completely new bank, 
 
     dependent on the latest digital banking technologies, and aims
     to provide integrated banking services to individuals and companies, whether inside or outside Iraq.    
  
https://baghdadtoday.news/267813-رأس-مال-مصرف-الرشيد-يقفز-من-2-مليار-إلى-50-ما-الأسباب-الموجبة؟-وهل-للتوقيت-علاقة؟-.html  

Gold Prices Stabilize At Highest Level As Dollar Declines In Baghdad

Stock Exchange  Economy News – Baghdad  The prices of "foreign and Iraqi" gold stabilized in the local markets in the capital, Baghdad, today, Sunday (February 16, 2025), at its highest level in the country.

Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, this morning recorded a selling price for one mithqal of 21 karat Gulf, Turkish and European gold of 608 thousand dinars, and a purchase price of 604 thousand dinars.

The selling price of one mithqal of 21-karat Iraqi gold was recorded at 578 thousand dinars, and the purchase price was 574 thousand.

As for gold prices in goldsmiths’ shops, the selling price of a mithqal of 21-karat Gulf gold ranges between 610,000 and 620,000 dinars, and the selling price of a mithqal of Iraqi gold ranges between 500,000 and 510,000 dinars.   https://economy-news.net/content.php?id=52808

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

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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?

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 

~~~~~~~~~

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“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.

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????

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MilitiaMan & Crew-Iraq Dinar News-Praised by the EU-Central Bank-UST-US Fed-UST Sanctions-Correspondent Banks

MilitiaMan & Crew-Iraq Dinar News-Praised by the EU-Central Bank-UST-US Fed-UST Sanctions-Correspondent Banks

2-16-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

MilitiaMan & Crew-Iraq Dinar News-Praised by the EU-Central Bank-UST-US Fed-UST Sanctions-Correspondent Banks

2-16-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=J8Vtao6Yhqc

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Iraq Economic News and Points to Ponder Sunday Afternoon 2-16-25

US Praises Iraqi Financial Sector Reform Measures 

February 16, 2025   Baghdad - Ibtihal Al Arabi  The meeting of the Central Bank of Iraq with the American side and international auditing companies resulted in positive results, denying that some Iraqi banks were subject to international sanctions. A statement received by Al-Zaman yesterday said that (the first quarterly meetings of the current year, with the US Treasury Department and the US Federal Reserve Bank,

which were held in the United Arab Emirates with the participation of international auditing and consulting companies, were crowned with praise for the steps taken by the bank and the government in reforming the banking sector),

US Praises Iraqi Financial Sector Reform Measures 

February 16, 2025   Baghdad - Ibtihal Al Arabi  The meeting of the Central Bank of Iraq with the American side and international auditing companies resulted in positive results, denying that some Iraqi banks were subject to international sanctions. A statement received by Al-Zaman yesterday said that (the first quarterly meetings of the current year, with the US Treasury Department and the US Federal Reserve Bank,

which were held in the United Arab Emirates with the participation of international auditing and consulting companies, were crowned with praise for the steps taken by the bank and the government in reforming the banking sector),

and continued that (the most important of these reforms is 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),

appreciating (the qualitative shift in foreign transfer operations and the steps taken by the Central Bank to address the risks resulting from these operations, which have now risen to the levels of transfer operations carried out by international banks),

and pointed out that (the consulting companies reviewed the plans to reform the government and private banking sector and upgrade them in a manner consistent with international standards and facilitating the involvement of Iraqi banks in the network of financial relations internationally),

and the statement went on to say that (the operations carried out by banks operating in Iraq depend largely on the confidence of international correspondent banks in the Iraqi banking sector,

and we emphasize the need to ensure the adoption of official channels for this The bank to know the latest news and not to transmit incorrect information such as some Iraqi banks being subject to international sanctions and others).

An economic expert revealed that 34 out of 44 banks are now under US sanctions, which constitutes a major crisis in the local banking sector.

The expert, Munir Al-Obaidi, explained in a statement received by (Al-Zaman) yesterday that (34 out of 44 banks are now under US sanctions, which constitutes a major crisis in the local banking sector), adding (the remaining 10 banks are distributed as follows: five of them have foreign capital, two are affiliated with the Kurdistan Region, and only three banks remain entirely Iraqi).

Meanwhile, the Central Bank of Iraq gave banks operating in the country that do not have an account in a bank that deals directly with the American bank, JP Morgan, a deadline of June to settle their electronic payments, threatening to stop them if they do not comply with the decision.

Mustafa Hantoush, a researcher in economic and banking affairs, said in a statement yesterday that (if this decision is implemented, it will lead to limiting the dealings of electronic payment companies in Iraq to Jordanian and Gulf banks, which currently dominate the currency auction with the support of the Central Bank of Iraq),

noting that (electronic payment companies will be forced to open accounts in banks that have dealings with JP Morgan and Citibank, in exchange for closing their accounts in Iraqi banks, whether they are sanctioned or not, which may affect the local banking sector), and Hantoush renewed his call to (reconsider the standards of the Central Bank of Iraq related to building local banks),

stressing (the need to strengthen and develop them to face the challenges resulting from these decisions), and he continued that (so far, the bank’s management has not issued any official statement confirming or denying the validity of this news, which leaves the door open to speculation about the impact of the decision on the banking system in Iraq and its relationship with international banks). LINK

After Meeting With The US Federal Reserve, The Central Bank Denies That Iraqi Banks Are Subject To Sanctions

Economy |- 02/16/2025  Baghdad - Mawazine:  The Central Bank of Iraq denied the existence of international sanctions on some Iraqi banks, after media outlets circulated news about sanctions that included dozens of banks in the country.

The Central Bank stated in a statement received by "Mawazine", a copy of it, that "it announced the end of the first quarterly meetings for the year 2025 with the US Treasury and the US Federal Reserve Bank,

which were held in Dubai / United Arab Emirates with the participation of international auditing and consulting firms (EY, K2 Integrity, Oliver Wyman), and the meetings culminated in praise for the steps taken by the Central Bank of Iraq and the Iraqi government in reforming the banking sector,

 the most important of which were: 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,

 in addition to the qualitative shift in foreign transfer operations and the steps taken by the Central Bank of Iraq to address the risks resulting from these operations, which have now risen to the levels of transfer operations carried out by international banks.

The statement confirmed that the consulting firms (EY and Oliver Wyman) reviewed the plans to reform the government and private banking sector and upgrade them in line with international standards and to facilitate the involvement of Iraqi banks in the network of financial relations internationally."

The statement added: "Since the operations carried out by banks operating in Iraq depend largely on the confidence of international correspondent banks in the Iraqi banking sector, we stress the need to ensure that the official channels of this bank are adopted to know the latest news and not to transmit incorrect news such as some Iraqi banks being subject to international sanctions and others." https://www.mawazin.net/Details.aspx?jimare=259609

New US Sanctions Shake Iraqi Banking Sector, Ban Use Of Payment Cards Abroad

02/16/2025  Mawazine News – Economy  Iraqi government sources reported on Sunday that Baghdad received an official notification from the US Treasury Department imposing sanctions on five Iraqi banks, in addition to a number of exchange companies, due to their involvement in illegal money transfers inside and outside Iraq, and smuggling dollars to banned entities, most notably the Islamic Republic of Iran.

According to the US notification, the sanctions will not stop there, as the work of other banks is being closely monitored and may face similar measures in the near future.

The new US decision also included imposing a comprehensive ban on the use of Iraqi electronic payment cards outside the country during the next two months, in a move aimed at preventing currency smuggling after suspicious financial movements were monitored by a specialized US team. It is

noteworthy that the US Treasury Department had previously imposed sanctions on 14 Iraqi banks in July 2023, and prevented four other banks from accessing the dollar in November of the same year, and imposed strict restrictions on money transfers in cooperation with the Central Bank of Iraq.

These measures come within the framework of an escalating US policy to control financial transactions in Iraq, amid fears of continued money laundering and currency smuggling, which imposes additional challenges on the Iraqi banking sector and its financial stability.  https://www.mawazin.net/Details.aspx?jimare=259611

The Central Bank Of Iraq Announces Positive Results From Its Quarterly Meetings With The American Side

 02/16/2025   Mawazine News – Economy  The Central Bank of Iraq announced, on Sunday, that its quarterly meetings with the American side and international auditing companies had yielded positive results, denying that some Iraqi banks were subject to international sanctions.

The bank said in a statement received by "Mawazine News" that the first quarterly meetings for the year 2025 with the US Treasury and the US Federal Reserve, which were held in the United Arab Emirates with the participation of international auditing and consulting companies (EY, K2 Integrity, and Oliver Wyman), were crowned with praise for the steps taken by the Central Bank of Iraq and the Iraqi government to reform the banking sector.

He indicated that the most important of these reforms are:

1- 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.

2- The qualitative shift in foreign transfer operations and the steps taken by the Central Bank of Iraq to address the risks arising from these operations, which have now risen to the levels of transfer operations carried out by international banks.

3- The consulting firms (EY and Oliver Wyman) reviewed the plans to reform and upgrade the public and private banking sectors in line with international standards and to facilitate the involvement of Iraqi banks in the international financial relations network.

The bank said: "Since the operations carried out by banks operating in Iraq depend largely on the confidence of international correspondent banks in the Iraqi banking sector, we emphasize the need to ensure the adoption of the official channels of this bank to know the latest news and not to transmit incorrect news such as the exposure of some Iraqi banks to international sanctions and others." https://www.mawazin.net/Details.aspx?jimare=259614

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

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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 trialFederal 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.

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 trialFederal 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™

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

The State of Sound Money in the US

The State of Sound Money in the US

Arcadia Economics:  2-15-2025

The dollar’s dominance as the world’s reserve currency has been a cornerstone of the global financial system for decades. However, with rising inflation, increasing national debt, and unconventional monetary policies emanating from the Federal Reserve, many are questioning the long-term stability and value of fiat currency.

This growing unease is fueling a resurgence of interest in gold and silver, metals historically recognized as “sound money,” and driving a quiet but potentially significant movement at the state level.

The core principle of sound money revolves around its inherent value and limited supply, characteristics that protect against the arbitrary dilution and manipulation often associated with government-backed fiat currencies.

The State of Sound Money in the US

Arcadia Economics:  2-15-2025

The dollar’s dominance as the world’s reserve currency has been a cornerstone of the global financial system for decades. However, with rising inflation, increasing national debt, and unconventional monetary policies emanating from the Federal Reserve, many are questioning the long-term stability and value of fiat currency.

This growing unease is fueling a resurgence of interest in gold and silver, metals historically recognized as “sound money,” and driving a quiet but potentially significant movement at the state level.

The core principle of sound money revolves around its inherent value and limited supply, characteristics that protect against the arbitrary dilution and manipulation often associated with government-backed fiat currencies.

 Gold and silver, with their intrinsic value and relative scarcity, have traditionally served as a reliable store of wealth and a hedge against economic uncertainty.

Given the current economic climate, it’s no surprise that individuals are increasingly seeking refuge in these precious metals. The Federal Reserve’s quantitative easing programs, coupled with government spending sprees, have demonstrably devalued the dollar, eroding purchasing power and sparking concerns about the future. In this context, gold and silver offer a tangible alternative, a safe haven against the perceived erosion of value within the traditional financial system.

These state-level initiatives, while often facing resistance from established financial interests, represent a growing frustration with the status quo and a desire for greater financial stability and individual economic sovereignty.

They reflect a belief that relying solely on the dollar, printed at will by the Federal Reserve, carries significant risks, and that diversifying into sound money alternatives like gold and silver offers a prudent strategy for wealth preservation.

The road ahead remains uncertain. Overcoming entrenched interests and navigating complex regulatory hurdles will be a significant challenge.

 However, the combination of individual demand for sound money and the growing momentum at the state level suggests that the gold and silver revolution is more than just a fleeting trend.

It represents a fundamental questioning of the existing financial system and a search for a more stable and reliable foundation for economic prosperity.

 As the government and Federal Reserve continue to raise concerns about the dollar’s future, the movement towards sound money, driven by both individual action and legislative reform, is poised to gain further traction and reshape the economic landscape in the years to come.

Watch the video below from Arcadia Economics featuring David Morgan for further insights and information.

https://youtu.be/0Fepwiq-_Q4

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

Good Morning Dinar Recaps,

IRS WILL LAY OFF THOUSANDS OF PROBATIONARY WORKERS IN THE MIDDLE OF TAX SEASON

WASHINGTON (AP) — The IRS will lay off thousands of probationary workers in the middle of tax season, according to two sources familiar with the agency’s plans, and cuts could happen as soon as next week.

This comes as the Trump administration intensified sweeping efforts to shrink the size of the federal workforce, by ordering agencies to lay off nearly all probationary employees who had not yet gained civil service protection.

Good Morning Dinar Recaps,

IRS WILL LAY OFF THOUSANDS OF PROBATIONARY WORKERS IN THE MIDDLE OF TAX SEASON

WASHINGTON (AP) — The IRS will lay off thousands of probationary workers in the middle of tax season, according to two sources familiar with the agency’s plans, and cuts could happen as soon as next week.

This comes as the Trump administration intensified sweeping efforts to shrink the size of the federal workforce, by ordering agencies to lay off nearly all probationary employees who had not yet gained civil service protection.

It’s unclear how many IRS workers will be affected.

Previously, the administration announced a plan to offer buyouts to almost all federal employees through a “deferred resignation program” to quickly reduce the government workforce. The program deadline was Feb. 6, and administration officials said employees who accept will be able to stop working while still collecting a paycheck until Sept. 30.

However, IRS employees involved in the 2025 tax season were told they will not be allowed to accept a buyout offer from the Trump administration until after the taxpayer filing deadline, according to a letter sent recently to IRS employees.

It is unclear how many workers will be impacted by the layoff announcement plan. Representatives from the U.S. Treasury and IRS did not respond to Associated Press requests for comment.

Jan. 27 was the official start date of the 2025 tax season, and the IRS expects more than 140 million tax returns to be filed by the April 15 deadline. 

The Biden administration invested heavily in the IRS through an $80 billion infusion of funds in Democrats’ Inflation Reduction Act, which included plans to hire tens of thousands of new employees to help with customer service and enforcement as well as new technology to update the tax collection agency.

Republicans have been successful at clawing back that money, and billionaire Elon Musk and his Department of Government Efficiency have called for the U.S. to “delete entire agencies” from the federal government as part of his to radically cut spending and restructure its priorities.

Elected officials are trying to fight against DOGE plansAttorneys general from 14 states challenged the authority to access sensitive government data and exercise “virtually unchecked power” in a lawsuit filed Thursday.

The lawsuit, filed in federal court in Washington, says the actions taken by Musk at the helm of DOGE can only be taken by a nominated and Senate-confirmed officialIt cites constitutional provisions that delineate the powers of Congress and the president.

@ Newshounds News™

Source:  AP News

~~~~~~~~~

XRP NEWS: MAJOR RIPPLE DEVELOPMENTS AND GLOBAL PARTNERSHIPS UNVEILED

▪️XRP surges as SEC acknowledges ETF filings, fueling speculation of a Ripple lawsuit resolution and massive market breakout!

▪️Ripple expands globally with major partnerships, rebrands focus on Web3, and boosts XRP adoption—biggest breakout ahead?


Under new SEC leadership, excitement is building around XRP as crypto exchange Bitrue hints at major developments. In a recent post on X, Bitrue urged the community to pay close attention, suggesting that something big is brewing.

The message quickly gained traction, sparking speculation about what’s driving the surge in XRP’s price and market activity. Investors are now eagerly watching for the next big move, as XRP continues to capture attention with a string of major events.

XRP ETF Frenzy Takes Over

One of the biggest drivers behind the excitement is the SEC’s unexpected attention to XRP ETF filings. On Thursday, the SEC officially recognized Grayscale’s XRP ETF application, triggering a strong 12% price rally, making XRP the best performer among the top ten cryptos.

 The momentum didn’t stop there. The very next day, the SEC acknowledged another XRP ETF filing—this time from 21Shares—pushing XRP’s weekly gains to an impressive 17%.

The market response has been electric, with traders now eyeing the possibility of XRP reclaiming its all-time high of $3. The shift in the SEC’s stance is surprising, given its history of rejecting altcoin ETFs.

Is the Ripple Lawsuit Nearing Its End?

The ETF news has fueled speculation that the SEC might soon settle its long-running lawsuit against Ripple. Many believe that the shift in regulatory behavior—especially under acting chairman Mark Uyeda—could pave the way for a resolution.

Ripple’s New Look and a Change in Strategy?


In the meanwhile, Ripple has also done some major transformation, rebranding its website to focus on its vision of the “Internet of Value.” The refreshed site highlights its work in cross-border payments, digital asset custody, and stablecoins like Ripple USD (RLUSD). However, one notable change stands out—Ripple has removed all references to Central Bank Digital Currencies (CBDCs).

This move is giving positive vibes to the market with changing U.S. regulations on cards. Alongside the rebrand, Ripple has also emphasized its $600 million investment in Web3 and its more than 70 direct investments, shows its commitment to driving the next phase of crypto adoption.

XRP Expands Through Major Partnerships


Ripple is continuing its push for global adoption, forming new partnerships that strengthen XRP’s position in the market. One of the biggest recent moves was its collaboration with Portugal’s largest currency exchange, signaling its expanding footprint in Europe.

In Japan, SBI Remit has also expanded its international money transfer services in partnership with SBI Shinsei Bank. The key takeaway here is that SBI Remit is already using XRP for cross-border transactions, highlighting its growing role in the global remittance space.

Institutional interest in XRP is growing, with Japanese energy company Remixpoint making a major move. The company recently purchased $3.9 million worth of XRP and Dogecoin as part of its expanding crypto reserves.

While one user said this is just half the things on the horizon.

With new changes on the cards, XRP could be on track for one of its biggest breakouts yet. The big question now is whether it can ride this wave back to its all-time high and beyond.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

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Source:  FRB Services 

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