Iraq Economic News and Points to Ponder Monday Afternoon 3-31-25

Chairman Of The Ports Authority: Revenues Exceeded 400 Billion Dinars In Two Months

Money and Business  Economy News – Baghdad  The head of the Border Ports Authority, Major General Omar Al-Waili, confirmed the completion of the electronic linking process for all land, sea and air border crossings, revealing that revenues exceeding 400 billion dinars were achieved within two months.

Al-Waili said in a statement reported by the official news agency and reviewed by Al-Eqtisad News, "The authority has completed the process of linking all land, sea, and air border crossings to a unified central operations room, whereby control operations are now managed directly and systematically via an electronic automation system."

He added, "The electronic link covers various regulatory areas, including auditing pre-inspection of goods, auditing the exemption program for imports into the country, and monitoring receipt audits."

Al-Waili explained that "preliminary statistics for the months of January and February of this year, 2025, showed revenues exceeding 400 billion Iraqi dinars," noting that "the authority seeks to double these revenues as part of its strategic plans to bolster the state's resources and control ports more effectively."   https://economy-news.net/content.php?id=53975

Al-Sudani Confirms That The Refineries' Refining Capacity Will Soon Reach 542,000 Barrels Per Day 

energy  Economy News – Baghdad  Baghdad – INA  Prime Minister Mohammed Shia al-Sudani confirmed on Sunday that  refineries' refining capacity will soon reach 1,542,000 barrels per day.
 
The Prime Minister's media office said in a statement seen by Al-Eqtisad News that
 
"Prime Minister Mohammed Shia al-Sudani launched the implementation work on the
 
     Maysan refinery development project, and the
     expansion of its refining capacity from 40,000 barrels to 110,000 barrels per day,
 
during his visit to the governorate, which he arrived at this afternoon." Al-Sudani explained that
 
"Eid this year will be marked by hard work, which will continue across various service and economic sectors." He emphasized that
 
"the Maysan refinery development and expansion project has been one of the stalled projects since 2014, when the government embarked on it as part of its approach to completing all stalled and suspended projects.
 
It will be implemented
 
     through national effort and national cadres, and
     in a record period of 6-8 months."
 
The Prime Minister pointed to the Baiji refinery expansion project, which
 
     added 70,000 barrels per day to refining capacity and
     will be operational within two months.

This project was also completed through national efforts and local expertise,
 
     raising the refining capacity of all Iraqi refineries to 542,000 barrels per day, a
     record level achieved for the first time in the Iraqi oil industry.  He pointed out that
 
"Maysan, which stood up to dictatorship and contributed to building the new Iraq, deserves this attention and care in every respect.
 
The project is part of the government's drive to
 
     achieve self-sufficiency in petroleum derivatives and
     convert 40% of exported oil into petroleum products,
 
due to the significant revenues it generates." He added,
 
"We talked about a 10-year period to achieve this goal, but
 
these projects will account for 40% of our oil exports by 2030.
 
With the Cabinet's approval to resume work on the Maysan refinery project,
 
we are looking at an industrial oil city, qualified to launch petrochemical and fertilizer projects.
 
These projects will provide thousands of direct and indirect job opportunities." The Prime Minister emphasized that
 
"the growth in these projects and programs represents the true reform of the Iraqi economy, which suffers from its
unilateral dependence on oil exports."
 
According to the Prime Minister's Media Office, the
 
Maysan Refinery Development Project, in its two phases, includes the
 
     construction of a new, world-class unit with a capacity of 70,000 barrels per day,
 
     which will contribute to increasing the refinery's capacity.

It will also include the construction of complementary units, including a
     hydrogenation and gasoline improvement unit, an
     FCC unit, a
     gas oil unit, and a
     kerosene unit, in addition to
     environmentally friendly service units.

The project will work to secure the needs of
 
     Maysan Governorate and
     neighboring governorates
 
for petroleum derivatives.
 
https://economy-news.net/content.php?id=53952 

Chairman Of The Ports Authority: Revenues Exceeded 400 Billion Dinars In Two Months

Money and Business   Economy News – Baghdad   The head of the Border Ports Authority, Major General Omar Al-Waili, confirmed the completion of the electronic linking process for all land, sea and air border crossings, revealing that revenues exceeding 400 billion dinars were achieved within two months.

Al-Waili said in a statement reported by the official news agency and reviewed by Al-Eqtisad News, "The authority has completed the process of linking all land, sea, and air border crossings to a unified central operations room, whereby control operations are now managed directly and systematically via an electronic automation system."

He added, "The electronic link covers various regulatory areas, including auditing pre-inspection of goods, auditing the exemption program for imports into the country, and monitoring receipt audits."

Al-Waili explained that "preliminary statistics for the months of January and February of this year, 2025, showed revenues exceeding 400 billion Iraqi dinars," noting that "the authority seeks to double these revenues as part of its strategic plans to bolster the state's resources and control ports more effectively."   https://economy-news.net/content.php?id=53975

Iraqi Oil Maintains Its Rise In The Global Market

Economy | 03/31/2025   Mawazine News – Baghdad  Basra Heavy and Medium crude oil prices rose during weekly trading on the global market.

Basra Medium crude reached $74.38 per barrel, while Heavy crude reached $71.33 per barrel.

Data showed a slight decline in global crude oil prices, with British Brent crude reaching $73.39 per barrel, while US West Texas Intermediate crude reached $69.01 per barrel. https://www.mawazin.net/Details.aspx?jimare=260454

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

Seeds of Wisdom RV and Economic Updates Monday Afternoon 3-31-25

Good Afternoon Dinar Recaps,

STABLECOINS, TOKENIZED ASSETS GAIN AS TRUMP TARIFFS LOOM

Crypto investors shift into stablecoins and real-world assets as Trump’s April 2 trade tariffs spark volatility and macroeconomic uncertainty fears.

Cryptocurrency investors are increasingly moving capital into stablecoins and tokenized real-world assets (RWAs) in a bid to avoid volatility ahead of US President Donald Trump’s widely anticipated tariff announcement on April 2.

Increasingly, more capital is flowing into stablecoins and the real-world asset (RWA) tokenization sector, which refers to financial products and tangible assets such as real estate and fine art minted on the blockchain.

“Stablecoins and RWAs continue to see steady inflows of capital as safe havens in the current uncertain market,” crypto intelligence platform IntoTheBlock wrote in a March 31 X post.

“However, because these assets reside on-chain, even slight shifts in sentiment can trigger significant price movements, driven by the lower barriers to reallocating capital in real time,” the firm noted.

The flight to safety is mainly attributed to geopolitical tensions and global trade concerns, according to Juan Pellicer, senior research analyst at IntoTheBlock:

“Many investors were expecting economic tailwinds following Trump's inauguration as president, but increased geopolitical tensions, tariffs and general political uncertainty are making investors more cautious.”

“This is not unreasonable, as even though global growth forecasts remain positive, growth expectations have decreased globally in recent months,” he added.

The prospect of a global trade war has heightened inflation-related concerns, causing a significant decline in both cryptocurrency and traditional equity markets.

Bitcoin has fallen 19% and the S&P 500 (SPX) index has fallen over 7% in the two months since Trump announced import tariffs on Chinese goods on Jan. 20, the day of his inauguration as president.

The April 2 announcement is expected to detail reciprocal trade tariffs targeting top US trading partners. The measures aim to reduce the country’s estimated $1.2 trillion goods trade deficit and boost domestic manufacturing.

Investor sentiment pressured by April 2 Trump tariff announcement

Global tariff fears and uncertainty around the upcoming announcement continue to pressure investor sentiment in global markets.

“Risk appetite remains muted amid tariff threats from President Trump and ongoing macro uncertainty,” Iliya Kalchev, dispatch analyst at digital asset investment platform Nexo, told Cointelegraph.

Meanwhile, RWAs reached a new cumulative all-time high of over $17 billion on Feb. 3, and are currently less than 0.5% away from surpassing the $20 billion milestone, according to data from RWA.xyz.

Some industry watchers said that Bitcoin’s lack of upside momentum may drive RWAs to a $50 billion all-time high before the end of 2025, as their increased liquidity will help RWAs attract a significant share of the $450 trillion global asset market.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

RHODE ISLAND BILL WOULD ALLOW STATE RESIDENTS SPEND $10,000 MONTHLY IN BITCOIN TAX FREE

A bill introduced to the Rhode Island Senate would enable the state’s residents to spend or sell just under $1,000 in bitcoin 10 times per month without incurring state capital gains taxes.

Bill S. 0451, which was introduced to the Rhode Island Senate last month, permits the state’s residents and businesses to make up to 10 payments in bitcoin valued at less than $1,000 per month (or sell the equivalent amount) without being subject to state capital gains taxes.

The bill is an amendment to existing state income tax laws, and the exact language in the proposed legislation is as follows:

“Any sale of [b]itcoin by an individual or business in Rhode Island shall be exempt from state taxation if the total value of sales is less than one thousand dollars ($1,000) per diem. The limit of the state tax exempt [b]itcoin transaction shall not exceed ten (10) sales per a thirty (30) day cycle.”

And the bill defines a “sale of [b]itcoin” as “any transaction in which [b]itcoin is sold or exchanged for another form of value, such as fiat currency or other physical or digital assets.”

The bill also clarifies that this exemption only applies at the state level and that it doesn’t affect federal tax obligations.

Under the bill, individuals and businesses who engage with these types of tax-exempt bitcoin transactions are responsible for keeping records of these transactions, including the total value of sales per day, and should be prepared to provide these records to the Rhode Island’s department of revenue for audit or compliance purposes.

In a slide deck prepared by the Rhode Island Blockchain Council that was shared with Bitcoin Magazine, Chris Perrotta, Chairman of the Council, wrote that the passing of Bill S. 0451 would help to reduce friction for digital asset payments.

He stated that “current tax implications of spending BTC hamper its utility for Rhode Island citizens and stifle economic activity.”

Perrotta also noted that the passing of this bill would stimulate blockchain-based economic activity in the state, making Rhode Island one of the states at the forefront of this technology.

What is more, he also proposed that small businesses accept bitcoin for products and services as a means to stimulate economic growth.

Thus far, no other U.S. states have introduced comparable bills.

At the federal level, the only bill that has proposed something similar is the Lummis-Gillibrand “Responsible Financial Innovation Act”, which provides a de minimus tax exemption on bitcoin transactions valued up to $200.

@ Newshounds News™
Source:  Bitcoin Magazine

~~~~~~~~~

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When These 4 Things Happen, the Global Monetary Reset Is Complete

When These 4 Things Happen, the Global Monetary Reset Is Complete

Taylor Kenny:  3-30-2025

They won’t hold a press conference to announce the global monetary reset — but it’s already happening.

Four real-time signals are quietly dismantling the financial system as we know it… and almost no one is paying attention.

 If you don’t know what they are, you’re already behind.

 Join Taylor Kenney as she breaks down each signal and what it means for your wealth, your future, and your family.

https://www.youtube.com/watch?v=FeTsmxZ77e4

Iraq Economic News and Points to Ponder Late Sunday PM 3-30-25

“Al-Sudani Congratulates The Iraqi People And The Islamic Nation On The Occasion Of Eid Al-Fitr

Sunday, March 30, 2025 | Politics Number of reads: 153   Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani congratulated the Iraqi people and the Islamic nation on the occasion of Eid Al-Fitr.

Al-Sudani said in a tweet on the X website: On the occasion of Eid Al-Fitr, we pray to God Almighty to bless its days for our honorable Iraqi people, and for the entire Islamic nation, and to accept our obedience, good deeds and striving to please Him, and to spread peace and security throughout the world.

He added: We renew our commitment to implementing the government program in all its service, social and economic dimensions, and to continue working at all times and circumstances without stopping, and to exert all efforts for reconstruction and development, in accordance with what is required by the supreme interests of our people and the aspirations of all its sons. / End https://ninanews.com/Website/News/Details?Key=1195036

The Central Bank To Nina: We Will Launch A Major Initiative To Finance Industrial Projects
Sunday, March 30, 2025 | Economic Number of reads: 394  Baghdad / NINA / The Central Bank of Iraq announced its intention to launch a major initiative to finance industrial projects in cooperation with the Trade Bank of Iraq and the Industrial Bank.

The Governor of the Central Bank, Ali Al-Alaq, said in a statement to the National Iraqi News Agency ( NINA ), "We are currently making arrangements to finance major industrial projects through coordination between the Trade Bank of Iraq and the Industrial Bank, by taking advantage of the liquidity available at the Trade Bank of Iraq and recycling these funds in the Industrial Bank to launch a major initiative to finance industrial projects in Iraq, which will see the light soon."

He added, "This initiative was recently proposed by the Council of Ministers, within the framework of the government banking sector reform program and government procedures with the Central Bank, indicating that the Council of Ministers agreed to have cooperation between government banks with a financial surplus to finance a package of industrial projects through the Industrial Bank."

He explained that "all other projects are financed according to their sectoral channels, within the general government direction to support industrial, agricultural, housing, education, health, investment and other projects." / End  https://ninanews.com/Website/News/Details?Key=1194954

Iraq's Oil Exports To The US Exceeded Those Of Saudi Arabia Last Week

Sunday, March 30, 2025| Economic Number of reads: 309  Baghdad / NINA / The US Energy Information Administration announced, on Sunday, that Iraq's oil exports to America during the past week amounted to more than 200,000 barrels per day, exceeding Saudi Arabia's exports.

The administration said in a table, "The average US imports of crude oil during the past week from ten major countries amounted to 5.648 million barrels per day, up by 975,000 barrels per day from the previous week, which averaged 4.673 million barrels per day."

It added that "Iraq's oil exports to America rose, reaching an average of 203,000 barrels per day, thus exceeding Saudi Arabia's oil exports to America, which amounted to 144,000 barrels per day."

The administration indicated that "the largest oil revenues to America during the past week came from Canada, followed by Mexico, then Brazil and Venezuela."

According to the table, "the amount of US imports of crude oil continued from Colombia, Saudi Arabia, Ecuador, Libya and Nigeria." / End  https://ninanews.com/Website/News/Details?key=1194895

Oil Prices Fall Below $73 A Barrel

Economy | 30/03/2025  Mawazine News – Baghdad  Oil prices witnessed a significant decline on Sunday in evening trading after 2:00 PM GMT, affected by several pressure factors, most notably escalating concerns about new tariffs imposed by the United States, rising US oil inventories, and OPEC's decision to increase production.

According to market data, Brent crude futures for June 2025 delivery fell by $0.58, or 0.79%, to reach $72.76 per barrel. West Texas Intermediate (WTI) crude futures for June 2025 delivery also fell by $0.56, or 0.80%, to reach $69.36 per barrel.

These declines come after Washington announced the imposition of additional tariffs on energy imports from Canada, Mexico, and China, raising investor concerns about the repercussions of this move on global demand levels.

In the same context, data from the US Energy Information Administration revealed a greater-than-expected rise in US crude oil inventories during the week ending March 7, increasing by 1.4 million barrels to 435.2 million barrels.

OPEC's decision to increase its oil production by 138,000 barrels per day starting next April added further pressure on prices, amid expectations that this will impact market balance in the coming period.https://www.mawazin.net/Details.aspx?jimare=260444

Exchange Rates In Iraq: 148,500 Dinars To $100 

Economy |  03/30/2025  Mawazine News – Baghdad  The US dollar exchange rate against the Iraqi dinar remained volatile at exchange shops and companies in Baghdad.
The selling rate was 148,500 dinars for $100, while the buying rate was 146,500 dinars for $100.

This rise comes amid a relative buying activity and retail activity among citizens in a number of shopping malls coinciding with the advent of Eid al-Fitr.  https://www.mawazin.net/Details.aspx?jimare=260428

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

Seeds of Wisdom RV and Economic Updates Monday Morning 3-31-25

Good Morning Dinar Recaps,

CALIFORNIA INTRODUCES ’BITCOIN RIGHTS’ IN AMENDED DIGITAL ASSETS BILL

California Democrat Avelino Valencia has amended a money transmission bill to make Bitcoin and crypto rights a major focus, potentially benefitting the state’s 39.4 million residents.

A Californian lawmaker has just added Bitcoin and crypto investor protections to a February-introduced money transmission bill aimed at securing crypto self-custody rights for the US state’s nearly 40 million residents.

California’s Assembly Bill 1052 was introduced as the Money Transmission Act on Feb. 20, 2025, but was amended by Democrat and Banking and Finance Committee chair Avelino Valencia on March 28 to include several Bitcoin  and crypto-related investor protections.

The amendments remove the term “Money Transmission Act,” renaming the legislation to “Digital Assets.”

“California often sets the national blueprint for policy, and if Bitcoin Rights passes here, it can pass anywhere,” Satoshi Action Fund CEO Dennis Porter said in a March 30 statement.

“Once passed, this legislation will guarantee nearly 40 million Californians the right to self-custody their digital assets without fear of discrimination.”

The bill would also deem the use of a digital financial asset as a valid and legal form of payment in private transactions and would prohibit public entities from restricting or taxing digital assets solely based on their use as payment.

The bill would also expand the scope of California’s Political Reform Act of 1974 to prohibit a public official from issuing, sponsoring or promoting a digital asset, security or commodity.

“A public official shall not engage in any transaction or conduct related to a digital asset that creates a conflict of interest with their public duties,” one section of the AB 1052 states.

AB 1052 is now in the “desk process” — meaning the bill has been formally introduced and is awaiting its first reading.

A total of 99 merchants currently accept Bitcoin payments in California, BTC Maps data shows.

Ripple Labs, Solana Labs and Kraken are among the largest crypto firms based in California.

A stablecoin-related bill was also introduced in California on Feb. 2, 2025, which aims to provide more clarity over stablecoin collateral requirements, liquidation processes, redemption and settlement mechanisms requirements and security audits.

Bitcoin-related bills and measures near 100 at the US state level

According to Bitcoin Law, 95 Bitcoin-related bills or measures have been introduced at the state level in 35 states, including 36 Bitcoin reserve bills that are still live.

The Texas Senate passed a Bitcoin strategic reserve bill in a 25-5 vote on March 6, while Kentucky Governor Andy Beshear signed a Bitcoin Rights bill into law on March 24.

Earlier this month, US President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile, both of which will initially use cryptocurrency forfeited in government criminal cases.

@ Newshounds News™
Source:  Cointelegraph

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JAPAN EYES GIVING CRYPTO ASSETS LEGAL STATUS: REPORT

Japan plans to reclassify cryptocurrencies as financial products and implement insider trading restrictions similar to those for traditional financial markets, Nikkei reported Sunday.

For these changes, Japan's Financial Services Agency (FSA) is looking to submit legislation to its parliament as early as 2026, following closed-door consultations with industry experts.

The proposed changes would revise the Financial Instruments and Exchange Act, positioning digital assets differently from securities while acknowledging their investment characteristics.

While specific criteria on the restriction remain under consideration, Nikkei reports that those would likely "resemble" what's already in place for "conventional financial products."

Japan's Financial Instruments and Exchange Act regulates securities and financial instruments categorizing them as either traditional, "Paragraph I Securities" (like bonds and shares) or "Paragraph II Securities" (including trust interests and partnership stakes).

The Act establishes distinct regulatory requirements for public offerings versus private placements, with public offerings generally requiring securities registration statements and continuous reporting.

Meanwhile, collective investment schemes, which proof-of-stake chains could fall under, are used for real estate securitization in Japan. Those face operator registration requirements with specific exemptions only available for qualified institutional investors.

The regulatory shift comes as Japan opens up to crypto adoption, establishing new frameworks and acknowledging how crypto has expanded its use cases from payments to investments and more, urging regulators to redefine how they oversee the sector.

Crypto investments are taxed "up to 55%" in the country, while financial products such as ETFs "face only 20% capital gains tax," Tiger Research senior research analyst Jay Jo told Decrypt.

With better safety measures and if lowered alongside how financial products are treated, this could "attract more institutions to crypto investments," Jo said.

Late last year, Japanese lawmakers urged their regulators to pursue a National Bitcoin Reserve. The country is also home to Metaplanet, a Bitcoin treasury company that has acquired 3,350 BTC so far with plans to add more.

@ Newshounds News™
Source:  Decrypt

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“Tidbits From TNT” Monday Morning 3-31-2025

TNT:

Tishwash:  Iraq surpasses Saudi Arabia in oil exports to the US

 The U.S. Energy Information Administration announced on Sunday that Iraq's oil exports surpassed those of Saudi Arabia last week, reaching 203,000 barrels per day.

The administration explained, in its weekly schedule, that "the average US imports of crude oil from ten major countries reached 5.648 million barrels per day, an increase of 975,000 barrels from the previous week, when the average was 4.673 million barrels per day."

She added, "Iraq's oil exports to the United States have risen to 203,000 barrels per day, meaning that Iraq has surpassed Saudi Arabia, whose exports reached 144,000 barrels per day."

Regarding other countries, the administration indicated that "the largest US oil revenues last week came from Canada, at a rate of 3.983 million barrels per day, followed by Mexico, at a rate of 393,000 barrels per day, then Brazil, at a rate of 241,000 barrels per day, and Venezuela, at a rate of 195,000 barrels per day."

The report continued, explaining that US crude oil imports also included Colombia at a rate of 190,000 barrels per day, Saudi Arabia at a rate of 144,000 barrels per day, Ecuador at a rate of 127,000 barrels per day, and Libya and Nigeria at a rate of 86,000 barrels per day each.  link

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

Tishwash:  Central Bank: We will launch a major initiative to finance industrial projects

The Central Bank of Iraq announced on Sunday its intention to launch a major initiative to finance industrial projects in cooperation with the Trade Bank of Iraq and the Industrial Bank.

"We are currently making arrangements to finance major industrial projects through coordination between the Trade Bank of Iraq and the Industrial Bank. This will be done by utilizing the liquidity available at the Trade Bank of Iraq and recycling this money in the Industrial Bank to launch a major initiative to finance industrial projects in Iraq, which will soon see the light of day," Central Bank Governor Ali Al-Alaq told the National News Agency, as reported by Kalamah News.

He added, "This initiative was recently proposed by the Cabinet as part of the government's banking sector reform program and government measures with the Central Bank," noting that "the Cabinet agreed to cooperate between government banks with a financial surplus to finance a package of industrial projects through the Industrial Bank."

He explained that "all other projects are funded according to their sectoral channels, as part of the government's general approach to supporting industrial, agricultural, housing, education, health, investment, and other projects."  link

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

Tishwash:  Iraq is accelerating its efforts to wean itself off Iranian gas. What are the immediate alternatives? 

Member of the Parliamentary Electricity and Energy Committee, Hatem Al-Saadi, confirmed on Sunday that the government has begun to look for alternatives to Iranian gas to power power plants, especially with the approaching summer season and increased energy demand. He also pointed to a number of alternatives to compensate for Iranian gas, which is under US sanctions.

Al-Saadi said, "The move toward clean energy has become a foregone conclusion, especially after the imposition of US sanctions on the Islamic Republic of Iran and the resulting damage to Iraq. The Iraqi government had to find alternatives to Iranian gas, which will lead to a significant shortage in electricity supply next summer."

Al-Saadi added, "Solutions must be immediate and swift. There are gas imports from abroad, offshore platforms after construction, and oil pipelines being constructed by the Oil Projects Company from the ports to the power plants in Basra Governorate."

Al-Saadi continued, "The government has begun to move toward renewable energy and existing waste, especially since a number of investment companies are interested in generating electricity by establishing stations after incinerating existing waste in Iraq." He noted that "there is a directive from the Ministry of Electricity to all governorates to provide plots of land for this purpose."

The parliamentary energy member continued, "Electricity is a crucial element, and the government has taken proactive steps to minimize the damage caused by the Iranian gas cutoff. If there is a shortage of electricity, we could witness demonstrations due to the deterioration of electricity services over the past 20 years, due to the rampant corruption of successive governments, without any deterrent to all these corrupt individuals."

Al-Saadi pointed out that "gas imports will currently be from Qatar and the Sultanate of Oman, which are the closest and best options, given their proximity to the Arabian Gulf."  link

Mot:  Amazing how theee Internet has Tought us bout that ""Marital Thingy"" 

Mot: Should eye Share!!?? --- Yeppers!!! -- Why knot!!! 

20 Reasons Why the Federal Reserve is at the Heart of our Economic Problems

20 Reasons Why the Federal Reserve is at the Heart of our Economic Problems

Epic Economist:  3-31-2025

Many Americans feel a sense of unease about the state of the economy. The national debt has ballooned to a staggering $36 trillion, and total societal debt sits at a colossal $102 trillion.

While political debates often center on blaming Democrats or Republicans for this predicament, a deeper understanding reveals a more complex and potentially troubling truth: the system itself may be designed to generate debt.

At the heart of this system lies the Federal Reserve, an institution often misunderstood by the general public. Ask the average American to explain its role, and you’ll likely encounter blank stares or vague definitions. This lack of understanding is a significant problem because many believe the Federal Reserve wields immense power over our economic future.

So, what exactly is the Federal Reserve? Many assume it’s a government agency, but this isn’t entirely accurate. In fact, the Federal Reserve has argued in court that it is not an agency of the federal government. This highlights a critical distinction: the Federal Reserve is, in essence, a privately owned banking cartel.

This private entity holds a perpetual monopoly over our monetary system, granted by the U.S. Congress. This means it has the power to create money, set interest rates, and influence the overall financial health of the nation.

Critics argue that this power has been used to systematically erode the value of the U.S. dollar, cripple the economy, and push the government toward bankruptcy.

The Federal Reserve operates with a veil of secrecy, often acting as if it is not accountable to the American people. Yet, its decisions have a profound impact on the lives of every single American citizen, from the interest rate on their mortgage to the price of groceries.

Understanding the Federal Reserve is crucial to understanding the current economic climate. Its structure, its powers, and its actions are not always transparent, but they are arguably the driving force behind many of the economic challenges we face today.

Once you grasp the fundamental role the Federal Reserve plays, you begin to see economic issues through a new and potentially more critical lens.

Instead of simply pointing fingers at political parties, it’s imperative to delve into the mechanics of the Federal Reserve, question its autonomy, and demand greater transparency. Only then can we begin to have a truly informed conversation about the future of our economy and hold accountable the institutions that shape it.

 Is the Federal Reserve solely to blame? Perhaps not. But ignoring its influence is no longer an option if we want to understand, and ultimately address, the mounting economic pressures facing the nation.

Watch the video below from Epic Economist for more information.

https://youtu.be/4cQx5PRnKl4

MilitiaMan & Crew: Central Bank of Iraq-Talks in March - Digital Dinar-Major Initiative to Finance Industrial Projects

MilitiaMan & Crew:  Central Bank of Iraq-Talks in March - Digital Dinar-Major Initiative to Finance Industrial Projects

3-30-2025

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=bS6RwyE0yNE

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 3-30-25

Good Afternoon Dinar Recaps,

UK FREEZES MILLIONS IN CRYPTO SINCE IMPLEMENTING NEW POWERS

According to an investigation by MailOnline, UK authorities have frozen approximately £6 million ($7.7 million) in crypto since new enforcement powers came into effect last year.

The measures, introduced in April 2024, allow police, law enforcement agencies, and HMRC to freeze suspicious cryptocurrency wallets for up to three years.

Court documents reviewed over the past six months reveal the largest single freezing order was for £1.5 million worth of cryptocurrency held in a wallet hosted by US-based exchange Coinbase.

HMRC requested this order and issued it at Newcastle Upon Tyne Magistrates’ Court on March 18.

The total frozen amount could be higher, as court data from Courtsdesk only covers the past six months due to legal restrictions. The new powers were designed to address the growing use of digital currencies for money laundering, tax evasion, and terrorism financing.

Legal expert says £6 million is a modest amount

Legal experts offer differing perspectives on the importance of these seizures. Nick Barnard, a cryptocurrency legal specialist and partner at Corker Binning, described the £6 million figure as relatively modest “in the grand scheme.” Barnard noted that the new enforcement regime started from scratch last April and needs time to develop fully.

However, lawyer Siobhain Egan told MailOnline that the government is directing increased resources toward freezing cryptocurrency assets. This is part of an aggressive strategy to combat money laundering and terrorism financing, Egan adds.

The freezing process usually involves investigators applying for orders without notifying the alleged criminals. This prevents them from moving Bitcoin  or other crypto.

“If police have a major investigation into organized criminals laundering money through crypto, they will go in and seize the assets before they finalize the investigation,” Egan explained.

The UK government is improving its cryptocurrency enforcement actions through the Crime and Policing Bill. The legislation includes provisions for valuing cryptocurrency, implementing procedures for courts to recover illicit funds, and granting the Crown Court expanded powers to issue seizure orders.

@ Newshounds News™
Source:  Crypto News

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BRICS TO GREENLIGHT CROSS-BORDER PAYMENT SYSTEM TO COUNTER US DOLLAR?

One of the biggest storylines to develop this year has been the ongoing turmoil between the West and the global south. Since his arrival, US President Donald Trump has targeted the group in an effort to end its de-dollarization plans. However, those may be set to take a step forward as the BRICS are lining up a new cross-border payment system that could counter the US dollar.

The bloc has continued to stand by its hopes of diversifying global finance. Although it has not targeted the greenback directly, its moves have sought to lessen reliance on the currency as a global reserve asset. Now, their latest plan may be forwarding that effort, and Trump’s interpretation could have massive ramifications.

BRICS to Launch Cross-Border Payment System: How Will Trump Respond?

At the start of the year, US President Donald Trump threatened BRICS nations with 150% tariffs. Specifically, the move was seeking to counter its promotion of local currencies. This was primarily driven by that promotion, resulting in a lessening of the US dollar’s status.

Although the bloc has capitulated since the warning was issued, things may be changing. Indeed, the BRICS bloc may be nearing a green light for a cross-border payment system that could affect US dollar reliance. Now, all eyes are on what that could mean for the greenback and how Trump will respond.

According to a recent report, Russian Finance Minister Anton Siluanov discussed the development of the payment system on Friday. “At the BRICS platform, we are considering our various financial innovations,” he said. 

Moreover, he added that this includes “a cross-border payment system, which can be based, in addition to bilateral settlements, on national currencies, taking into account digital technologies and digital financial assets.”

That highlights the system to be critically focused on alternative currencies to the US dollar. Moreover, that pursuit is nothing new to the BRICS members. It has long been subjected to harsh Western sanctions and has since sought to settle trades in alternative currencies. With the rising prominence of crypto, that could also be used in this new payment platform.

It will likely do what similar BRICS projects have done in the past: provide a key area of exploration for developing nations and align countries. It will threaten the US dollar, but not by much. The currency won’t be dethroned as the top global reserve asset. However, the question is now if President Trump will see it that way.

@ Newshounds News™

Source:  Watcher Guru

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Trump Says a ‘Disturbance’ Is Coming: 5 Things That Could Mean for Your Wallet

Trump Says a ‘Disturbance’ Is Coming: 5 Things That Could Mean for Your Wallet

G. Brian Davis  Fri, March 28, 2025     GOBankingRates

In an interview with Fox News, President Donald Trump agreed that American consumers may face some turbulence in the wake of his economic agenda. “There is a period of transition because what we’re doing is very big,” he said in the interview.

The interviewer asked him about the stock market and economic performance in the wake of tariffs, citing what he told Congress in a speech: “There will be a little disturbance, but we’re OK with that,” he said.

The turmoil surrounding the administration’s tariff policies and trade war talk have already rattled markets. The Motley Fool reported that the S&P 500 fell into a correction on March 13, defined as a fall of 10% to 20% from recent highs.

So what should you brace for as a consumer to prepare for a possible disturbance?

Inflation

Companies that import goods don’t just eat the cost when governments slap tariffs on their imports. They typically pass those costs on to consumers in the form of higher prices.

“Many big-budget items like cars and home renovation supplies will be hit with tariffs, resulting in instantly higher prices,” said Melanie Musson, personal finance expert with Clearsurance.

She added that many smaller items may hit Americans’ budgets even harder because we buy them more often. “Smaller items that aren’t on your radar will also get more expensive, such as insulated coffee mugs, produce and electronics,” she said.

As prices rise, the purchasing power of each dollar shrinks, and suddenly your nest egg isn’t worth as much anymore. It’s why people call inflation “the silent killer” of savings.

Shipping Delays

Trade wars don’t just cause prices to spike. They also disrupt supply chains and shipments, according to Gates Little of The Southern Bank Company.

“Surges in ordering before tariff hikes take effect can lead to traffic congestion, which slows delivery speed. As businesses update their sourcing, there can also be shortages in raw materials, delaying production times,” he said.

Some Goods Becoming Unavailable

Some companies may stop importing certain items altogether if they become too expensive to realistically sell in the U.S.

“Businesses pass that additional cost on to the consumer, leading to higher prices,” Little said. “Some may choose to discontinue affected products altogether, especially if they are unable to source the goods domestically.”

For example, the Trump administration has threatened 200% tariffs on European wines, per the Associated Press. But is there a market for paying $100 a bottle for Bordeaux that costs $30 everywhere else in the world?

Maybe not enough of a market to justify the hassle and cost of importing them.

Recession Risk

TO READ MORE:  https://www.yahoo.com/finance/news/trump-says-disturbance-coming-5-120205073.html

Iraq Economic News and Points to Ponder Sunday AM 3-30-25

Al-Sudani And Allawi Discuss Strengthening Economic Reform Efforts.

Time: 2025/03/29 20:42:37 Reading: 585 times  {Politics: Al Furat News} Prime Minister Mohammed Shia al-Sudani received his former counterpart, Iyad Allawi, today, Saturday.

A statement issued by his media office, a copy of which was received by {Euphrates News}, stated: “The meeting witnessed discussions on strengthening government efforts and endeavors in the field of achieving economic reform, continuing the construction and reconstruction process witnessed by all Iraqi governorates, and meeting citizens’ aspirations.”

He added, "The meeting also discussed developments in the region and the importance of coordinating efforts to support all steps that contribute to strengthening Iraq's security and ensuring its stability." LINK

The Foreign Minister Chairs The 14th Meeting Of Preparations For The Arab Summit In Baghdad

Thursday, March 27, 2025, 17:43 | Politics Number of readings: 107  Baghdad / NINA / Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein chaired the fourteenth meeting on the ongoing preparations for hosting the upcoming Arab Summit in Baghdad in May 2025.

The meeting was attended by Minister of Interior Abdul Amir Al-Shammari, Minister of Finance Taif Sami, Secretary-General of the Council of Ministers Hamid Al-Ghazi, Mayor of Baghdad Ammar Musa, in addition to Undersecretary of the Ministry of Foreign Affairs for Administrative and Technical Affairs Ahmed Nayef, Undersecretary of the Ministry for Bilateral Relations Mohammed Bahr Al-Uloom, Chairman of the Political Committee of the Summit, and Undersecretary of the Ministry of Transport, representatives of the concerned ministries and bodies.

The attendees discussed the performance of the operations rooms and logistical support, and procedures for the summit ceremonies.

The decisions of the Media Committee were also reviewed, and developments in the work of the Political Committee were discussed, to ensure the completion of all necessary arrangements for the success of the summit. /End  https://ninanews.com/Website/News/Details?key=1194437

A US Delegation Of 50 Companies Will Soon Be In Baghdad. This Will Be Discussed

Money and Business  Economy News – Baghdad  Iraqi Ambassador to Washington, Nizar Al-Khairallah, confirmed on Saturday that a delegation representing more than 50 American companies will visit Iraq.

The Iraqi Embassy in Washington stated in a post on the (x) platform, "Ambassador Al-Khairallah met with Steve Lutes, Vice President of the US Chamber of Commerce and President of the US-Iraq Business Council, along with his deputies."

The ambassador stated that "the meeting focused on discussing logistical arrangements for the upcoming visit of a delegation of American businessmen to Iraq, which will include representatives from more than 50 American companies specializing in energy, healthcare, education, transportation, and other vital sectors."   https://economy-news.net/content.php?id=53907

The National Bank Of Iraq Raises Its Capital To More Than Half A Trillion Dinars After Recording An "Exceptional Year."

Banks   Economy News – Baghdad   The General Assembly of the National Bank of Iraq (NBI) approved, in its annual meeting, the Board of Directors' recommendation to increase the bank's capital from 400 billion dinars to 520 billion dinars, representing 30% of the capital, and distribute the increase as free shares to shareholders, in addition to a 20% cash dividend worth 80 billion dinars.

The bank said in a statement, "The bank's General Assembly, in a meeting attended by a number of board members, approved the board's report for the fiscal year, the final accounts for 2024, and the expansion plan for the current year, which includes the opening of six new branches in various Iraqi governorates. The General Assembly also approved increasing the number of board members to nine and elected a new board of directors."

Bassem Khalil Al-Salem, Chairman of the National Bank of Iraq's Board of Directors, said, "Last year was exceptional on all fronts, particularly in achieving qualitative accomplishments that reflect the bank's strength and resilience in the face of economic challenges, and in strengthening its presence as a leading financial institution in the Iraqi banking sector thanks to a clear strategic vision, prudent management, and a committed team."

Al-Salem emphasized that "these results were driven by flexible monetary policies and effective banking procedures by the Central Bank of Iraq, which responded quickly to economic and political changes, helped contain the impact of these changes on the Iraqi economy, and maintained exchange rate stability, which strengthened the role of the banking sector and protected the rights of depositors and shareholders."

Al-Salem said, "Last year witnessed an outstanding financial performance, as the bank achieved net profits after tax of 252 billion Iraqi dinars, compared to 190 billion Iraqi dinars in 2023. Net interest income also rose to 166 billion Iraqi dinars, compared to 100 billion Iraqi dinars, a growth rate of 66%."

He pointed out that total income will rise to 452 billion dinars in 2024, compared to 343.1 billion dinars in 2023, representing a growth rate of 31.7%. This reflects the effectiveness of the bank's strategy, which focuses on core banking services such as banking loans for individuals, large, medium, and small companies, and trade finance services for major companies.

Al-Salem expressed his gratitude to the Central Bank of Iraq, represented by the Governor and the Bank's staff, for their continued support of the Iraqi banking sector and their cooperation, which has contributed to the sector's development and provided an environment conducive to growth and development.

For his part, the Managing Director of the National Bank of Iraq, Ayman Abu Dahim, said, "Customer deposits increased to 3.5 trillion dinars in 2024, compared to 2.9 trillion dinars in 2023, a growth rate of 90%. Direct credit facilities also increased to 1.3 trillion dinars, compared to 951 billion dinars for the two years of comparison, a growth rate of 18%."

He explained that "this growth was the result of an expansion in loans granted to employees whose salaries are domiciled with the bank, as well as to small, medium, and large enterprises," stressing that "the growth in various financial indicators contributed to increasing the bank's assets to 5.1 trillion dinars from 3.9 trillion dinars, a growth rate of 29%."

Abu Dahim said, "For the first time in the bank's history, its assets are approaching this mark (5.1 trillion dinars), which reflects the growth in the volume of banking business, the increase in our market share, and our growing ability to serve our customers. Accordingly, the bank becomes the largest among Iraqi private banks in terms of asset size."

On the expansion front, Abu Dahim said, "We have added 104 new ATMs, bringing our network to 294, while the number of branches in Iraq has reached 33. We are also planning to open six new branches in early 2025, in addition to our branch in Saudi Arabia, which provides valuable services to Saudi and Iraqi companies."

He emphasized the bank's commitment to a comprehensive strategy focused on sustainability and digital transformation to serve customers. The bank has worked to keep pace with the latest technological developments and enhance information security and the efficiency of banking services, including installing the T24 banking system from the Swiss company Temenos and launching a new anti-money laundering management system (AML Sirion).

Regarding the bank's plans for 2025, Abu Dahim said, "We will continue to expand our branch network to reach 44 branches, in addition to increasing our ATM network to reach 400 ATMs, with a focus on developing and marketing electronic banking services, increasing the bank's share in trade financing for large companies, expanding the salary localization project and financing small and medium-sized enterprises, and expanding the attraction of deposits from individuals, companies, and official government institutions."   https://economy-news.net/content.php?id=53904

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