Economist’s “News and Views” Sunday 4-6-2025

Europe Just Slammed the US With Full-Scale Tariff Strike — Crippling Blow to the US Economy

Tech Revolution:  4-6-2025

Have you felt it? That sense that big changes might be coming in how countries trade with each other?

Well, buckle up, because Europe is sending a major signal across the Atlantic Ocean, straight to the United States. The message? If new trade taxes – called tariffs – are coming from America, Europe is getting ready to push back. Hard.

Maybe you remember a few years back? Things got tense. The US put extra taxes on things like steel and aluminum coming from Europe. Europe hit back, taxing famous American products like bourbon and motorcycles.

 Now, whispers of that happening again are getting louder, especially with talk in the US, often linked to Donald Trump, about bringing back similar, maybe even bigger, trade taxes.

But Europe isn't just sitting back and waiting this time. They're making plans. Why?

What exactly is the US proposing? And why does Europe feel the need to prepare for a fight?

Today, we're breaking it all down in simple terms, so Let's unpack what's really driving these headlines.

Why is Europe so alert? Think of it like this: if you got caught in a bad storm once, the next time you see dark clouds, you prepare, right? That's Europe right now. The last round of US trade taxes hit them hard. European companies making steel, cars, food – they felt the pain. Jobs were affected.

They learned a tough lesson: being unprepared is risky. So, what are the "dark clouds" Europe sees now? Well, very recently, the US government under President Trump announced some huge new trade taxes. News outlets like the Associated Press and Politico are reporting a new 10% tax on almost everything coming into the US from any country.

On top of that, there are even higher taxes aimed at specific countries the US feels it buys too much from. For the European Union (that's the group of 27 European countries acting together), that extra tax is reportedly a steep 20% on all their goods sold to America.

China got hit even harder, reports say. Why the new taxes? President Trump stated it's to deal with an "economic emergency," boost American factories, and stop other countries from, in his words, "ripping off" the US.

 He specifically called the EU tough traders who take advantage. Europe's reaction? Immediate and strong. The head of the EU's main governing body, Ursula von der Leyen, basically said things feel chaotic and out of control.

According to Politico, she stated very clearly that the EU is "prepared to respond" to these 20% taxes. And she means business. She mentioned they are already finishing plans to hit back against earlier US taxes on steel, and "are now preparing for further countermeasures" – that means more retaliatory taxes – if talks don't work out.

 Think about what that involves: EU officials are likely right now making lists of American products they could put extra taxes on. They're checking the rulebooks to make sure their response is legally solid. And they're making sure all 27 EU countries are on the same page – because acting together is their strength.

Von der Leyen also worried about a side effect: if Chinese goods, for example, get blocked from the US by high taxes, maybe China will try to sell them super cheap in Europe instead. She warned, "We cannot absorb" a flood of cheap goods dumped on their market.

So, Europe is preparing to defend itself on multiple fronts. Other leaders, like Italy's Prime Minister, echoed this, calling the US taxes "wrong" but also stressing the need to try and find an agreement.

https://www.youtube.com/watch?v=Y9nNohtLwRo

75% Market Crash? ‘There’s No Bottom To This’ | Clem Chambers

David Lin:  4-6-2025

Clem Chambers, Founder of ANewFN, discusses what's next for the markets during this period of global turmoil.

0:00 – Intro

 1:10 - This hasn’t happened since the 1970s

5:15 - There’s no bottom to this

 7:48 - Possibility of war

15:00 - Safest place

17:00 - Dot com crash 2.0?

21:10 - America’s future

30:00 - Gold and the dollar

34:00 - Market bottom

https://www.youtube.com/watch?v=3FWjYb26lcg

EMERGENCY ALERT: What Happens Monday Will Shock The ENTIRE World! - Peter Schiff

Financial Wisdom:  4-6-2025

0:00 - Introduction: Uncertainty about the Upcoming Week (Black Monday?)

0:32 - Recession Fears and Economic Data

 1:01 - Oil Price Collapse and Recession Indicators

 1:47 - Gold, Silver, and Bond Yields Reactions

2:01 - The Fed, Interest Rates, and Economic Stimulus

3:01 - Layoffs and Economic Slowdown

4:06 - Impact of Tariffs on Businesses and Prices

5:00 - Global Economic Disruption vs. Recession

5:43 - The End of U.S. Global Economic Dominance

6:02 - Dollar and China's Economic Role

7:07 - Post-War Economic Transition and China’s Shift

9:11 - China’s Ability to Adapt to New Demand

 10:11 - Challenges for the U.S. in Building Infrastructure

 10:43 - Global Economic Liberation and Trump’s Strategy

11:59 - Opportunities in Foreign Assets and Market Dynamics

12:18 - Tech Stocks and Investment Opportunities

13:01 - Bitcoin and Its Market Behavior

https://www.youtube.com/watch?v=8c7hh9xKpXA

Iraq Economic News and Points to Ponder Late Saturday Evening 4-5-25

Iraq Takes Steps To Protect Its Economy From Trump's Tariffs

Economy | 09:47 - 04/05/2025   Mawazine News – Baghdad  The Office Of Prime Minister Mohammed Shia al-Sudani issued several directives on Saturday to protect the country's economy following the tariffs imposed by US President Donald Trump on a large number of countries.

A statement from his office received by Mawazine News stated that "Al-Sudani chaired a meeting today, Saturday, dedicated to examining the economic and commercial impacts of the US government's decision to increase customs tariffs on their imports of goods from countries around the world, and the repercussions of this step on the global economy as a whole, on crude oil prices, and the extent to which the Iraqi economy will be affected in this regard."

According to the statement, "The meeting reviewed the digital data issued by the Ministry of Trade, which reveals that the percentage of the increase in US customs tariffs on Iraqi goods was based on the difference in the trade balance between the two countries, and not because of the customs duties imposed by Iraq on US goods."   https://www.mawazin.net/Details.aspx?jimare=260571

Iraq Exports More Than $7 Billion Annually To The United States

Energy  Economy News – Baghdad   The US Bureau of Commerce revealed that Iraqi exports to the United States amounted to more than $7 billion annually.

The office stated in a statistic that "the value of Iraqi exports of goods to America amounts to an average of 7 billion and 420 million dollars annually," noting that "America imposed a customs tariff on Iraq amounting to 39%."

She added that "the share of Iraqi goods in total US imports from countries around the world is equal to 0.22%," noting that "the value of the trade balance is equal to $5.70 billion."

The trade balance is the difference between the value of goods a country exports and the value of goods it imports. If exports exceed imports, the country has a trade surplus and the trade balance is said to be positive.    https://economy-news.net/content.php?id=54104

Resuming Oil Exports From Kurdistan: A Step Toward Additional Resources For The Federal Government

Time: 2025/04/05 Read: 1,770 times   {Economic: Al Furat News} Jamal Kocher, a member of the Parliamentary Finance Committee, confirmed today, Saturday, that the invitation of the Federal Ministry of Oil to the Kurdistan Region to meet regarding the resumption of the region’s oil exports represents an important and positive step.

"There is a significant financial resource that has not been fully utilized by the federal government," Kocher told Al Furat News Agency. "Resuming oil exports will boost the country's economic resources."

He added, "The federal government continues to pay the Kurdistan Region's dues, including salaries, noting that oil exports represent an additional source that can be leveraged to support the general budget and strengthen the country's financial situation."

He explained that "this cooperation between the federal government and the Kurdistan Region may contribute to achieving greater economic stability in the future." LINK

Exchange Rates Rise In Baghdad: 148,750 Dinars Per $100

Economy | 11:02 - 04/05/2025  Mawazine News – Baghdad  The exchange rate of the US dollar against the Iraqi dinar rose in currency markets in the capital, Baghdad.

The dollar exchange rate on the Al-Kifah and Al-Harithiya stock exchanges in Baghdad
recorded 147,700 dinars for every $100. The selling price at exchange shops in local markets in Baghdad reached 148,750 dinars, while the buying rate reached 146,750 dinars for every $100.
https://www.mawazin.net/Details.aspx?jimare=260559

Gold Prices Decline In Baghdad

Economy | 12:51 - 04/05/2025   Mawazine News – Baghdad  Foreign and Iraqi gold prices witnessed a decline in the local markets in the capital, Baghdad.

Gold prices in the wholesale markets on Al-Nahr Street in Baghdad recorded a selling price of one mithqal of 21-karat Gulf, Turkish and European gold at 625,000 dinars, and a purchase price of 621,000 dinars.

The selling price of one mithqal of 21-karat Iraqi gold reached 595,000 dinars, and a purchase price of 591,000 dinars.

As for gold prices in jewelers' shops, the selling price of one mithqal of 21-karat Gulf gold ranges between 625,000 and 635,000 dinars, while the selling price of one mithqal of Iraqi gold ranges between 595,000 and 605,000 dinars.   https://www.mawazin.net/Details.aspx?jimare=260568

Jordanian Banks Are Making Huge Profits Despite The Ban On Iraqi Banks

Buratha News Agency1072025-04-04  Huge profits... The financial policy has created financial inflation for Jordanian banks.

Jordanian banks are generating huge profits in Iraq due to a fiscal policy pursued since 2004. Jordanian banks are experiencing greater financial flows than local banks due to Iraqi banks' inability to enter the remittance market or transfer funds.   https://burathanews.com/arabic/economic/458417

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

Seeds of Wisdom RV and Economic Updates Sunday Morning 4-6-25

Good morning Dinar Recaps,

HOUSE ADVANCES STABLECOIN TRANSPARENCY AND ACCOUNTABILITY

The House Financial Services Committee voted on Wednesday to advance the Stablecoin Transparency and Accountability for a Better Ledger Economy Act, also known as the STABLE Act. The legislation received overwhelming support, with a vote tally of 32 in favor and 17 opposed.

The STABLE Act aims to establish a regulatory framework for dollar-denominated stablecoins, addressing key issues such as reserve requirements and Anti-Money Laundering standards.

@ Newshounds News™
Source:  Finance Yahoo

~~~~~~~~~

RIPPLE TO PILOT RLUSD FOR DROUGHT RELIEF IN KENYA

Ripple has launched a pilot project that will see its stablecoin, Ripple USD, used for drought relief in Kenya.

The announcement comes just days after Ripple integrated the Ripple USD stablecoin in its payments solution.

Ripple is partnering with Mercy Corps Ventures and DIVA Donate, a platform that leverages decentralized finance technology to facilitate donations to pastoralists affected by drought in Kenya, for the initiative.

The partners will leverage blockchain technology to bring financial aid via RLUSD to the targeted communities, Team Ripple noted.

As outlined in a blog post, the pilot is part of Ripple’s broader efforts to expand its impact in cross-border payments, an effort expected to accelerate with the rollout of RLUSD. As with other blockchain-based projects, the use of stablecoins is aimed at improving transparency, settlement speed, and access for the unbanked.

According to Ripple, the pilot program will demonstrate how blockchain and stablecoins can improve the delivery of aid and insurance. The trial will use RLUSD on the Ethereum network.

The RLUSD pool for the program will be open to public contributions, with anyone able to donate by connecting a wallet.

Smart contracts will hold the funds in escrow, and automatically send RLUSD to those impacted by drought. However, this will only go into action once satellite tracking detects drought triggers- with the pilot targeting automated payouts should the system detect drought conditions by May 31, 2025.

If the system determines that pastoralists are likely to face a shortage of vegetation for their livestock, each participant will receive $75 (around 9,600 Kenyan shillings) in RLUSD. Organizers say this amount is sufficient to purchase food and water for one animal for six months.

Roughly 533 pastoralists in Kenya’s Laikipia County are expected to benefit from the aid.

Ripple plans to publish the results of the pilot later this summer. Fund contributors will also have the option to withdraw their RLUSD or allocate it to future campaigns.

@ Newshounds News™
Source:  Crypto News

~~~~~~~~~

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“Tidbits From TNT” Sunday Morning 4-6-2025

TNT:

Tishwash:  Iraq awaits a trade delegation from the United States. These issues will be raised at the meeting.

Iraq awaits the visit of a high-level US trade delegation comprising representatives from the US Department of Commerce and a number of major US companies operating across various economic sectors, as part of efforts to strengthen economic and trade relations between the two countries.

The Prime Minister's Advisor for Foreign Relations, Farhad Ala'aldin, indicated that a high-level trade delegation from the United States will visit Iraq this week to strengthen economic and trade relations between the two countries.

Alaa El-Din said, "The visit aims to discuss investment and cooperation opportunities on priority strategic projects in Iraq, strengthen partnerships between the private sectors of the two countries, expand trade exchange, and transfer technical and technological expertise, all in a way that serves Iraq's economic development goals."

According to the Prime Minister's Advisor, the delegation includes representatives from the US Department of Commerce and a number of major US companies operating in the energy, infrastructure, technology, financial services, industry, healthcare, and general trade sectors, as well as representatives from the US Chamber of Commerce.

 Alaa El-Din considers the US trade delegation's visit a clear indication of American companies' confidence in Iraq's investment environment, while also representing a practical step toward developing bilateral economic relations.

Alaa El-Din added, "The visit will contribute to opening new horizons for cooperation, especially in sectors that the Iraqi government seeks to develop, such as energy and renewable energy, digital transformation, and banking services."

Alaa Al-Din emphasizes that despite the challenges facing the region, economic relations between Iraq and the United States are based on strategic foundations and mutual interests. He notes that the Iraqi government is working to protect its economic interests and ensure a stable business environment, thus maintaining the smooth flow of cooperation with all international partners, most notably the United States.

On October 27, Iraqi Foreign Minister Fuad Hussein, while chairing the regular meeting of the Higher Coordination Committee for the Strategic Framework Agreement between Baghdad and Washington, emphasized the importance of strengthening relations with the United States and moving towards a solid economic partnership.

Hussein stressed the need not to focus solely on military and security aspects, but rather to expand cooperation to include economic, health, educational, and environmental fields.

Iraqi-American relations are governed by the Strategic Framework Agreement, which Iraq signed with the United States in 2008. Both sides began implementing its provisions in 2009. The agreement includes 11 articles covering diplomatic, political, security, economic, and cultural areas, and stipulates long-term relations between the two countries based on the principle of sovereign equality, rights, and shared interests.  link

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

Tishwash:  The budget is awaiting its launch. No political obstacles stand in the way. 

MP Salem Ibrahim confirmed, on Saturday (April 5, 2025), that there are no political forces or blocs obstructing the sending of the 2025 general budget tables, expecting that the tables will be sent to Parliament during the next week or the week after, according to current data .

Ibrahim told Baghdad Today, "There is a clear delay in sending the budget tables, amid increasing parliamentary pressure on the government to expedite its referral to the parliamentary finance committee for discussion, in preparation for submitting it to the parliament presidency and then presenting it for reading and voting in accordance with established constitutional procedures."

He explained that "all political forces support the approval of the budget, and there have been no indications of any party seeking to obstruct or disrupt the schedules, given the urgent need for the budget to secure the entitlements of governorates and various social groups, in addition to the financial obligations that depend on its approval ."

Ibrahim warned that "the continued delay in submitting and approving the budget will directly harm project funding and the implementation of financial plans in various governorates," stressing that "approving the budget has become a national option supported by all political parties without exception ."

The MP concluded his statement by saying, "There are no attempts to postpone the schedules until the next parliamentary session. All we are waiting for is the timing of the government's submission ."

The state's general budget is one of the fundamental pillars of financial and economic management in Iraq. The government relies on it to finance development projects, provide services, pay salaries, and fulfill social obligations to various segments of society .

With the adoption of the first three-year budget in 2023, many hoped the delays would be shortened, but the detailed annual schedules still need to be submitted, discussed, and voted on by Parliament .

These statements come at a time of mounting parliamentary and popular pressure on the government to expedite the release of schedules, amid a growing need to activate stalled projects and disburse dues to governorates, employees, and contractors, amid mounting economic and financial challenges link

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

Tishwash:  95 trillion dinars are held outside the banking system. What is their impact on the economy?

 Prime Minister's advisor, Mazhar Mohammed Saleh, confirmed on Saturday that the widespread use of digital payment systems allows citizens to borrow at lower costs, noting that 95 percent of the country's 109 trillion dinars are held outside the banking system.

"The positive steps towards activating e-commerce are aligned with the government's and the Central Bank's efforts to integrate hoarded funds (cash leakage) into the banking system, which will contribute to strengthening the national economy and achieving financial stability," said Mazhar Mohammed Saleh, an advisor to the Prime Minister.

He pointed out that "the Monetary Authority had previously prepared regulations and registration procedures to obtain a license to practice this trade, in a coordinated manner that contributes to regulating the market and enhancing consumer confidence."

He added, "The government and Central Bank's steps to enhance confidence and activate e-commerce are in line with the launch of digital transformation projects. This has been the case since the Central Bank announced the launch of strategic projects to support digital transformation, including the instant payments project, local cards, and unified payment gateways, all of which aim to enhance financial inclusion and facilitate digital banking operations.

He pointed out that "all measures to address information technology and integrate it into digital payment systems are in line with the country's digital renaissance, the community's financial culture, and the development of monetary behavior in relation to inherited customs, traditions, and cultures. Hoarding money at home instead of depositing it in banks remains a prominent economic challenge in Iraq."

He explained: "Estimates indicate that approximately 87% of the money supply, or approximately 95 trillion dinars out of a total of 109 trillion dinars, is held outside the banking system, preventing a significant portion of the nation's wealth from effectively participating in the economy."

He explained that "the more digital payment systems are used, including e-commerce, the more efficient banking activity becomes and the fewer leakages outside banks. This gives official and licensed banking units the greatest opportunity to extend more credit or lend to citizens at a lower cost and with greater efficiency, thanks to the often lower interest rate." 

He noted that "the parallel market for usurers, which deals with funds circulating or hoarded outside the banking system, is a very dangerous, illegal, and costly market for citizens and the national economy in terms of engaging in credit operations or lending at very high usurious interest rates, or what is known as the usurers' market, due to the ambiguity of its operations.

 In addition, some of its activities conflict with the Anti-Money Laundering Law due to the lack of transparency in financing and the absence of governance elements, accompanied by trading and recovery risks."   link 

Mot: .. Summers acoming -- Dads Need to Prepare!!!!

Mot: . Just in Time fer Spring!!!

No Gold At Fort Knox? Exposing The Shocking Truth!

No Gold At Fort Knox? Exposing The Shocking Truth!

As Good as Gold Australia:  4-5-2025

In this exclusive interview, Darryl and Brian Panes from As Good As Gold Australia sit down with the Robin Hood of Wall Street, Greg Mannarino, to discuss key financial trends and what they mean for investors in 2025.

With gold prices soaring by 18% in just the first three months of 2025, we dive deep into the historical data, exploring the years when gold prices spiked by over 30%. Can we expect similar growth this year?

 We also discuss the significant shift in Australia's financial landscape, including the parliamentary vote against discontinuing cash as a legal tender and the implications of retaining cash options for future financial freedom.

 Is the US experiencing similar concerns, and why is it essential to keep cash in circulation? In an intriguing segment, we explore why major commercial networks in Australia seem reluctant to report on the surging gold price despite its remarkable 18% increase in 2025.

Is there a hidden agenda behind the censorship of gold prices? Could it be that governments or the wealthy elite are trying to suppress the rise of alternative currencies?

The conversation takes a closer look at the three US gold depositories – Fort Knox, the Federal Reserve of New York, and the Federal Reserve in Saint Louis. Why is President Trump’s planned visit to Fort Knox taking so long? Could it be a strategic move to conceal the real state of US gold reserves?

We also delve into the geopolitical landscape with a discussion on President Trump’s stance on the Ukraine War. Having been in office since mid-January 2025, Trump had previously stated he would resolve the war within days.

But is it possible that the situation goes deeper than originally anticipated? Is the defence department playing a role in prolonging the conflict? Could the long-standing history of money printing be linked to the continued escalation of wars?

Finally, Greg Mannarino discusses the Gold to Silver ratio, currently standing at a staggering 90:1. With growing talks of silver price manipulation coming to an end, could we be heading for a much tighter ratio in the near future?

Don’t miss this thought-provoking discussion with Greg Mannarino as he shares his insights into the future of gold, silver, cash, and global finance in 2025!

https://www.youtube.com/watch?v=P_eZt5TW3Wo

Iraq Economic News and Points to Ponder Saturday Afternoon 4-5-25

95 Trillion Dinars Are Held Outside The Banking System. What Is Their Impact On The Economy?

Banks  Economy News – Baghdad  Prime Minister's advisor, Mazhar Mohammed Saleh, confirmed on Saturday that the widespread use of digital payment systems allows citizens to borrow at lower costs, noting that 95 percent of the country's 109 trillion dinars are held outside the banking system.

"The positive steps towards activating e-commerce are aligned with the government's and the Central Bank's efforts to integrate hoarded funds (cash leakage) into the banking system, which will contribute to strengthening the national economy and achieving financial stability," said Mazhar Mohammed Saleh, an advisor to the Prime Minister.

He pointed out that "the Monetary Authority had previously prepared regulations and registration procedures to obtain a license to practice this trade, in a coordinated manner that contributes to regulating the market and enhancing consumer confidence."

He added, "The government and Central Bank's steps to enhance confidence and activate e-commerce are in line with the launch of digital transformation projects. This has been the case since the Central Bank announced the launch of strategic projects to support digital transformation, including the instant payments project, local cards, and unified payment gateways, all of which aim to enhance financial inclusion and facilitate digital banking operations."

He pointed out that "all measures to address information technology and integrate it into digital payment systems are in line with the country's digital renaissance, the community's financial culture, and the development of monetary behavior in relation to inherited customs, traditions, and cultures. Hoarding money at home instead of depositing it in banks remains a prominent economic challenge in Iraq."

He explained: "Estimates indicate that approximately 87% of the money supply, or approximately 95 trillion dinars out of a total of 109 trillion dinars, is held outside the banking system, preventing a significant portion of the nation's wealth from effectively participating in the economy."

He explained that "the more digital payment systems are used, including e-commerce, the more efficient banking activity becomes and the fewer leakages outside banks. This gives official and licensed banking units the greatest opportunity to extend more credit or lend to citizens at a lower cost and with greater efficiency, thanks to the often lower interest rate."

He noted that "the parallel market for usurers, which deals with funds circulating or hoarded outside the banking system, is a very dangerous, illegal, and costly market for citizens and the national economy in terms of engaging in credit operations or lending at very high usurious interest rates, or what is known as the usurers' market, due to the ambiguity of its operations. In addition, some of its activities conflict with the Anti-Money Laundering Law due to the lack of transparency in financing and the absence of governance elements, accompanied by trading and recovery risks."
https://economy-news.net/content.php?id=54106

Al-Sudani Directs Four Measures To Address The Impact Of The US Tariff Increase

Money and Business  Economy News – Baghdad  Prime Minister Mohammed Shia al-Sudani chaired a meeting on Saturday to discuss the economic and commercial implications of the US government's decision to increase customs tariffs. He directed four measures to be taken in accordance with the best interests of the Iraqi economy.

The Prime Minister's media office said in a statement seen by Al-Eqtisad News that "Prime Minister Mohammed Shia al-Sudani chaired a meeting dedicated to examining the economic and commercial impacts of the US government's decision to increase customs duties on their imports of goods from countries around the world, and the repercussions of this step on the global economy as a whole, on crude oil prices, and the extent to which the Iraqi economy will be affected in this regard."

He added, "The meeting reviewed digital data issued by the Ministry of Trade, which reveals that the percentage of US tariff increases on Iraqi goods was based on the difference in the trade balance between the two countries, and not because of customs duties imposed by Iraq on US goods."

He continued, "It has become clear, through Ministry of Commerce data, that the majority of Iraq's imports of American goods are made through markets in other countries, as a result of certain policies pursued by American companies in their commercial dealings with Iraq."

The statement added, "In light of these facts, and in order to ensure the best path for developing the Iraqi economy, Prime Minister Mohammed Shia al-Sudani directed that the necessary measures be taken, in accordance with what the higher interests of the Iraqi economy dictate, as follows:

1- Working to develop mutual trade relations, by opening outlets for American distributors and commercial agencies, activating Iraqi commercial agencies, and direct trade dealings between sectors corresponding to the United States of America.

2- Working to develop banking services between the banking and financial sectors in Iraq and the United States of America, in a manner that ensures the achievement of mutual economic interests.

3- Directing the negotiating team with the American side to review the foundations of the trade relationship with the United States, with the aim of improving it, and ensuring the building of balanced economic and trade relations that guarantee mutual interests between the two parties and develop a positive partnership.

4- The Ministries of Foreign Affairs, Finance, and Trade, along with relevant stakeholders, shall undertake to open a dialogue with the corresponding American sectoral side, ensuring the strengthening of trade relations, monitoring financial markets and economic expertise, and submitting weekly reports to his office.  https://economy-news.net/content.php?id=54122

US Confirms That Energy Imports Are Not Subject To Tariffs, And Iraq Considers The Decision Limited.
April 5, 2025

Baghdad - Qusay Munther  The Prime Minister's advisor for foreign relations, Farhad Alaaldin, ruled out the inclusion of Iraqi energy exports, including crude oil, in the tariffs imposed by US President Donald Trump, after the White House confirmed that energy imports would be exempt from the decision.

Alaa Al-Din said in a statement yesterday, "In light of the recent announcement by US President Donald Trump regarding the imposition of reciprocal customs duties on a number of countries around the world, we would like to clarify that Iraqi energy exports, including crude oil, are not included in these duties."

 He stressed that "Iraq currently exports between 7 and 8 million barrels of crude oil and its derivatives per month to the United States. These exports constitute the mainstay of Iraqi exports and have not been affected by the recent customs measures."

He continued, saying, "The rest of Iraq's exports are limited in size and scope, which means that the economic impact of these duties on Iraq will be very limited."

He pointed out that "the strategic partnership between Iraq and the United States remains solid and strong, and that these measures will not affect the essence of the economic or diplomatic relationship between the two countries." He went on to say that "the two countries continue to work to deepen their cooperation in various sectors, particularly in the areas of energy, investment, and enhancing regional stability."

 The White House announced that imports of oil, gas, and refined products will be exempt from the new comprehensive customs duties imposed by Trump.

A White House official explained yesterday that "these measures do not apply to energy imports from Canada or Mexico, which already enjoy exemptions under the United States-Mexico-Canada Free Trade Agreement, nor do they include energy imports from any other country."

Convenient exception

This exemption comes as welcome news to the US oil industry, which had expressed concerns that the new tariffs would disrupt supply flows and increase costs, both for Canadian crude oil that feeds Midwestern refineries and European gasoline and diesel shipments bound for the East Coast.

Trump had announced a 10 percent tariff on all imports to the United States, along with higher tariffs on dozens of major trading partners, deepening the trade war he started after returning to the White House.

 Oil Minister Hayan Abdul Ghani also confirmed that the Mahmoudiyah-Bismaya gas pipeline project will meet citizens' electricity needs.

A statement received by Al-Zaman yesterday said that “Prime Minister Mohammed Shia Al-Sudani and his deputy for energy affairs, Minister of Oil Hayan Abdul-Ghani, visited the project to extend the gas pipeline from Mahmoudiya district to Bismayah power station, to view the project’s completion stages.”

The statement added that “Al-Sudani was briefed on the ongoing work on the project to extend the gas pipeline from Mahmoudiya district to Bismayah power station, with a diameter of 42 knots and a capacity of 800 million standard cubic feet per day.”

Abdul-Ghani confirmed that “the project enjoys the government’s support through its field follow-up of the project, which aims to transport dry gas in Mahmoudiya to Bismayah power station, with a length of 43 km and a diameter of 42 knots, and will contribute to meeting citizens’ needs for electricity and ensuring its stability in the country.”
oil projects

Appreciating (the efforts of the Oil Projects Company staff who continue to work day and night to complete the project within a maximum period of 120 days according to the project plan).

For his part, the General Manager of the Oil Projects Company, Ali Ward Hamoud, said that (his company has started implementing the crossings of the 42-knot dry gas pipeline feeding the Bismayah power station, and it is scheduled to be completed within the project’s timeframe).

Al-Sudani directed the removal of all conflicts of the gas pipeline from Mahmoudiyah to Bismayah, stressing the importance of completing the bridge linking the two-story and suspended bridges according to the specified timeframe.

During the visit, Al-Sudani appreciated (the efforts of the workers), stressing (the provision of all administrative and legal requirements to remove obstacles facing the vital project to secure fuel for power stations, praising the commitment of the workers, despite the Eid holiday).   LINK

 

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

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 4-5-25

Good Afternoon Dinar Recaps,

ILLINOIS LAWMAKER’S CRYPTO BILL AIMS TO TIGHTEN REGULATIONS AND ADDRESS FRAUD

The Illinois Senate has advanced a bill to establish comprehensive regulations for crypto businesses operating in the state and address concerns about digital assets-related fraud cases, which saw over $160 million in losses in 2023.

Illinois Advances Crypto Consumer Protection Bill

On Thursday, Illinois’ Senate Executive Committee passed Senate Bill 1797 (SB1797), also known as the Digital Assets and Consumer Protection Act, introduced by State Senator Mark Walker in February.

The bill, co-sponsored by State Senators Karina Villa, Rachel Ventura, and Mike Porfirio, aims to “crackdown on more than $163 million lost to cryptocurrency fraud in Illinois in 2023” by tightening the state’s regulations.

If passed, SB1797 would enable the Illinois Department of Financial and Professional Regulation (IDFPR) to oversee the guidelines that crypto companies must adhere to, making it the primary regulatory agency in the state.

“The rise of digital assets has opened the door for financial opportunity, but also for bankruptcy, fraud, and deceptive practices,” the Democratic Senator stated, “We must set standards for those who have evolved in the crypto business to ensure they are credible, honest actors.”

Bitcoin Laws explains that “the legislation aims to provide consumer safeguards while promoting responsible innovation in the digital asset space, with a phased implementation approach allowing businesses until January 2027 to fully comply with all provisions. The bill grants the Department significant oversight and enforcement powers, including the ability to investigate, levy fines, and take action against non-compliant businesses.”

Under the proposed legislation, the IDFPR could adopt rules to protect consumer assets and investors. Moreover, crypto companies must register with the IDFPR, provide disclosures, and prove they can satisfy payouts.

Another provision requires companies to notify consumers of any charges or transfers of their digital assets and to build programs to reduce consumer fraud. After Thursday’s vote, the bill moves to the full Senate.

Illinois’ Strategic Bitcoin Reserve

In January, Illinois joined the Strategic Bitcoin Reserve (SBR) race after State Representative John Cabello introduced House Bill 1844 (HB1844), or Strategic Bitcoin Reserve Act, to integrate Bitcoin (BTC) into the state’s financial framework.

The bill seeks to create a state-owned strategic BTC reserve managed by the Illinois State Treasurer, developing “a special fund in the state treasury” to hold BTC as a financial asset.

The legislation would allow the State Treasurer to receive Bitcoin gifts, grants, and donations from Illinois residents and governmental entities for the Fund. Additionally, it stipulates that all BTC deposits into the funds must be held for at least 5 years, starting when the asset enters the State’s custody.

It also mandates biennial reporting of the Fund’s status, detailing the total amount of BTC and its equivalent in USD, the Fund’s growth, and any transaction updates since the previous report.

However, data from the Illinois General Assembly shows that the bill hasn’t advanced in the legislative process since the first reading, waiting to be considered by the House Rules Committee.

@ Newshounds News™
Source:  Bitcoinist

~~~~~~~~~

BRICS: CHINA & BRAZIL OFFICIALLY ANNOUNCE TO TRADE IN LOCAL CURRENCIES

BRICS members China and Brazil officially announced to settle payments in local currencies to reduce dependency on the US dollar. This comes after China imposed an additional 34% tariffs on all US goods entering the country in a countermeasure to Trump. Several countries are expressing their displeasure against the US tariffs and finding alternatives to the dollar to safeguard their economies.

In addition, China also announced the restriction of local companies from investing in the US. The move stops the inflow of funds to the US making the markets slow down. The US could lose billions worth of institutional investment from China as a countermeasure to Trump’s tariffs. Read here to know how many sectors in the US will be impacted if BRICS uses local currencies for trade.

BRICS: Brazil & China Will Continue Trading in Local Currencies

Tatiana Rosito, Secretary of the Finance Ministry confirmed that BRICS member Brazil supports the payment settlements in local currencies with Brazil. Rosito stressed that mutual payments between Brazil and China will increase, and simultaneously the reliance on the US dollar will decrease.

“The trade in local currencies is already underway, for example, between (BRICS members) Brazil and China,” said Rosito to Tass. She added that Brazil has no objections to settling cross-border in local currencies with China. “No obstacles exist to that on the side of Brazil,” the official said.

The Secretary explained that settling trade in local currencies would reduce foreign exchange costs and boost their economy. “Therefore, the goal of BRICS is to expand the use of local currencies in any way that will make it possible to reduce costs and will be of interests for the association’s members,” she said.

She added that the New Development Bank, which aids BRICS with funds in local currencies can transform the alliance. “Opening of this bank reflects the aspiration of BRICS members to proactively participate in transformation of the economic and financial order,” Rosito summed it up.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

GERMANY CONSIDERS REPATRIATING BILLIONS IN GOLD FROM US AMID TARIFF TENSIONS

Germany is weighing the potential withdrawal of approximately 1,200 tons of gold, valued at over €113 billion ($124.41B), from the U.S. Federal Reserve in New York amid escalating trade tensions triggered by Trump’s tariffs on the European Union, according to recent reports and political statements.

Trade Strains Prompt Germany to Reevaluate 1,200-Ton Gold Stash in U.S.

Germany, which holds the world’s second-largest gold reserves at 3,352 tons, stores 30-37% of its bullion in New York, a Cold War-era practice designed to ensure dollar liquidity during crises. The remainder is split between Frankfurt (50%) and London (13%).

Discussions about repatriating the U.S.-held gold intensified following President Donald Trump’s imposition of sweeping tariffs, including a 10% levy on EU imports, which German lawmakers argue undermines trust in bilateral agreements.

Political figures, including CDU members Marco Wanderwitz and Markus Ferber, have demanded increased oversight or full repatriation, citing fears the U.S. could restrict access during economic disputes.

The European Taxpayers’ Association echoed concerns, stressing the need for “immediate access” to gold amid discussions of new EU debt instruments. However, the Bundesbank has publicly reaffirmed confidence in the Federal Reserve, with President Joachim Nagel calling the Fed a “trustworthy and reliable partner.”

This debate mirrors Germany’s 2013-2017 repatriation effort, which saw 674 tons moved from New York and Paris to Frankfurt after public pressure and logistical challenges. Only five tons were initially returned in 2013 due to delays, highlighting the complexity of large-scale transfers.

Economically, the tariffs threaten to reduce Germany’s GDP growth by 1.5 percentage points by 2027, per Bundesbank projections. Meanwhile, gold prices have surged to record highs above $3,100 per ounce, driven by market uncertainty. Analysts suggest holding reserves domestically could provide liquidity safeguards if trade disputes escalate.

Globally, 68% of central banks now prioritize domestic gold storage, up from 50% in 2020, according to a 2023 World Gold Council survey. This trend, accelerated by U.S. sanctions on Russia and other nations, highlights a broader shift toward financial sovereignty.

The United States boasts the world’s largest gold reserves at 8,133 tons, a staggering figure representing more than three-quarters of its foreign reserves. Trailing behind Germany, Italy claims the third spot with 2,452 tons, predominantly safeguarded within the Bank of Italy’s vaults and select international depositories.

As of April 2025, no final decision has been made, leaving Germany’s gold strategy suspended between political urgency and institutional caution. The outcome could redefine how nations balance economic security with international partnerships in an era of rising protectionism.

@ Newshounds News™
Source:  Bitcoin News

~~~~~~~~~

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Iraq Economic News and Points to Ponder Saturday AM 4-5-25

Al-Sudani: Iraq Today Is Powerful, Strong, Healthy, And Advancing Against Expectations.

Friday, April 4, 2025, 4:40 PM | PoliticsNumber of reads: 144  Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani stressed: "Iraq today is powerful, strong, healthy and is progressing contrary to expectations."

Al-Sudani said during his meeting with a group of tribal sheikhs and dignitaries in Baghdad: "The country is witnessing an unprecedented phase of reconstruction and development," noting: "There are those who are trying to paint a picture of panic and defeatism in the souls of society."

He added: "The interest of Iraq and the Iraqis is the priority for the course of action of the government, and there is no room for courtesy with any internal or external party," indicating: "There are those who thrive on the rhetoric of discord and sectarianism, especially with the approach of the electoral process."

The Prime Minister continued: "The government has worked, from the beginning, on priorities based on the needs of the people, far from any personal or partisan goal.

There is a real will to achieve reforms, and we have come a significant way in it, in a time frame not exceeding two and a half years of the government's term, and we are all confident that Iraq's future is promising with its people, capabilities, resources and sound principle in managing the state."

On the economic front, Al-Sudani said, "The country's economy cannot be mortgaged to dependence on oil."

He explained, "The Ministry of Oil has begun laying the foundations for a project to transport gas from the Gulf to power stations."

Regarding the situation in Gaza, the Prime Minister stressed, "The Zionist aggression has exposed the international community's impotence in the face of daily scenes of killing."

He added, "The region has witnessed exceptional circumstances, and the government's handling of this crisis was the most difficult test of its kind. With wisdom and responsibility, we have achieved balance in dealing with developments in the Palestinian issue."

The Prime Minister congratulated those present on the occasion of Eid al-Fitr, extending his thanks to Hajj Rahim Majiser Al-Baydani for the invitation. He also praised his role and social and humanitarian contributions, as well as his provision of aid and support to security services and displaced persons during the war on ISIS. He stressed that the tribes have always been with the state since its founding, starting with the 1920 Revolution, and their contributions and sacrifices will continue effectively at various stages and times.

He pointed to the role of the tribes and their honorable stand in responding to the call of the religious authority for the sufficient jihad, the call of the homeland, as all the sons of the tribes that bear the Iraqi color lined up in the trench of confrontation against terrorism. This stand came at a time when it was rumored that Iraq was finished as a state, only for the country to return safe and unified.

Al-Sudani stressed that the indication of the supreme religious authority that Iraqis have a civilizational and intellectual heritage that they must study, absorb and rely on is an appropriate indication, and that our country, with its civilization and resources, is capable of facing various challenges, stressing:

"Our talk about Iraq's recovery and that it is on the right path is a reassuring message to some alarmists who paint a picture of anxiety, panic and defeatism among the ranks of society." /End
https://ninanews.com/Website/News/Details?key=1195619

A Government Advisor Warns Of The Effects Of The "Commercial Trumpism" Wave... And This Is The Fate Of The Budget Schedules.

Time: 2025/04/04 17:05:53 Read: 1,995 times  {Economic: Al Furat News} The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed that the country's macroeconomic conditions are significantly affected by external shocks, particularly in Iraq's balance of payments.

Saleh pointed out to Al Furat News Agency the "need to intensify direct and continuous oversight and follow-up in two main directions."

He explained that "the first direction is to monitor the cycle of oil assets and re-evaluate them through cooperation with OPEC regarding prices and production quantities, while the other direction is related to maintaining the flow of foreign currency and protecting the country's reserves."

Saleh explained that "focusing on external balances in the economy must be accompanied by more discipline in internal financial and monetary adjustments, especially with regard to public spending.

He pointed out that this step has become more urgent to confront the repercussions of what he called "trade Trumpism," which has caused disruptions in energy markets, traded commodities, and global supply chains, so that the global economy will stabilize in the future on more stable foundations."

He stressed that "the budget schedules will remain committed to their basic constants, while taking into account the fluctuations in global oil markets with extreme caution.  LINK

Economist: Trump's Tariffs Do Not Include Oil And Gas, Making Iraq Immune To Their Impact.
 
    Time: 2025/04/04 23:58:20 Reading: 345 times  {Economic: Al Furat News} Economic expert Salah Nouri confirmed that the
 
customs duties announced by US President Donald Trump 
do not include oil, gas, and their derivatives,
 
which leaves Iraq immune from the impact of these duties. Nouri told Al Furat News that 
the current decline in oil prices is due to market fears of a trade war.
 
He explained that the outbreak of such a war could lead to a
 
     slowdown in global economic growth and, consequently, a
     decline in demand for oil and gas, particularly from China and India.  He pointed out that
 
Iraq is indirectly affected by the
 
     decline in oil prices, as well as the
     strict measures imposed by the US Treasury on dollar transfers resulting from oil sales, which are implemented by the US Federal Reserve.   
  
https://alforatnews.iq/news/خبير-اقتصادي-رسوم-ترامب-لا-تشمل-النفط-والغاز-ما-يجعل-العراق-بمنأى-عن-تأثيرها

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 4-5-25

Good Morning Dinar Recaps,

SEC EASES UP ON STABLECOINS — BUT NOT ALL OF THEM MAKE THE CUT

The U.S. SEC is taking a step back from certain stablecoins, saying they don’t count as securities — which basically means the agency won’t be regulating them like it does stocks or crypto tokens it sees as investments. This is a big shift and adds to the list of crypto areas the SEC is slowly letting go of, like memecoins and mining.

According to a post by Fox Business journalist Eleanor Terrett, the SEC has introduced a new category called “Covered Stablecoins.” 

These digital coins are always equal in value to the U.S. dollar — one coin equals one dollar. To qualify, these coins must be backed by safe, easy-to-sell assets that match or exceed the amount of coins in circulation. This means they’re considered stable, safe, and easily redeemable for real dollars at any time.

The SEC’s Division of Corporation Finance made it clear that these kinds of stablecoins are not being treated as investments. Because of that, they do not fall under the SEC’s jurisdiction — which is a big deal for projects trying to stay compliant while offering dollar-backed crypto.

However, this doesn’t apply to all stablecoins. The SEC says this guidance doesn’t include algorithmic stablecoins (which use code to keep their value stable), stablecoins that offer yield or interest, or coins tied to other assets like gold or foreign currencies. These other types might still be considered securities or face other regulations.

This new update is a positive step for regulated, dollar-backed stablecoins like USDC or PayPal’s PYUSD, giving them a bit more breathing room and clarity. But the rest of the stablecoin space still sits in a gray area.

But No Interest for Users

But there is something else that is very important to note: Even though stablecoin companies can make money (like through interest on their reserves), they’re not allowed to share that money with users. So, users won’t earn interest from holding these covered stablecoins.

Coinbase CEO Brian Armstrong isn’t happy about that. He said he wants Congress to change the rules so users can earn interest without the coins being considered securities.

Circle Applauds, Congress Pushes Ahead

Circle President Heath Tarbert praised the SEC for its decision, saying that only stablecoins with real backing, like USDC, qualify. At the same time, Congress is working on stablecoin rules. Bills are moving through both the House and Senate with strong support from both parties.

As political discussions grow, with Trump supporters pushing their own crypto plans, everyone’s attention is on the SEC’s upcoming crypto summit, where trading will be a major focus.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

U.S. DEPARTMENT OF THE TREASURY SANCTIONS EIGHT CRYPTO WALLETS ALLEGEDLY TIED TO IRAN-BACKED HOUTHI REBELS

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions against a network of financial facilitators and procurement operatives that provide supplies to the Houthis, an Iran-backed terrorist organization that has launched attacks against dozens of ships in the Red Sea and Gulf of Aden.

In a statement, the OFAC says that it has taken action against a Houthi network working with Sa’id al-Jamal, a financial facilitator with ties to Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF).

Al-Jamal’s network has procured millions worth of weapons and other commodities from Russia, including stolen Ukrainian grain, and shipped the goods to the Houthis in Yemen.

The new sanction includes eight crypto wallets that the OFAC says the Houthis used to transfer funds associated with their activities. The development makes it illegal to transact with these crypto addresses.

“Unless authorized by a general or specific license issued by OFAC or exempt, U.S. sanctions generally prohibit all transactions by US persons or within (or transiting) the United States that involve any property or interests in property of designated or otherwise blocked persons.”

According to the blockchain intelligence firm TRM Labs, two of the crypto addresses were already linked to Sa’id al-Jamal. The other wallets have ties to entities that Israel’s National Bureau for Counter Terror Financing (NBCTF) has flagged as involved in terrorist financing.

On-chain analysis likewise shows that millions of dollars’ worth of funds moved from these wallets to those belonging to other high-risk and OFAC-sanctioned entities, as well as manufacturers and sellers of unmanned aerial vehicles (UAVs) and anti-UAV equipment connected to China and Russia.

@ Newshounds News™
Source:  DailyHodl

~~~~~~~~~

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“Tidbits From TNT” Saturday Morning 4-5-2025

TNT:

Tishwash:  A high-level US trade delegation is expected to visit Baghdad.

Iraq is anticipating the visit of a high-level US trade delegation comprising several major American companies. The visit is expected to strengthen relations between Washington and Baghdad in the areas of security, infrastructure, and energy.

This was announced by Farhad Alaa El-Din, the Sudanese Prime Minister's advisor for foreign affairs, on Friday, April 4, 2025. He explained that the delegation will arrive in Baghdad next week, and that an agreement is expected to be concluded between the American company General Electric and the Iraqi Ministry of Electricity to develop the electricity sector in Iraq.

The advisor noted that the agreement will help address Iraq's current electricity shortage, which stands at 48,000 megawatts.

Alaa El-Din added that the United States has significantly expanded its economic relations with Iraq over the past two and a half years, and that Washington is playing an increasingly important role in revitalizing the Iraqi economy.

The US delegation's visit was organized by the Iraqi Chamber of Commerce, and several agreements and memoranda of understanding are expected to be signed between the two sides, in addition to an agreement to develop the electricity sector.

Alaa El-Din also noted that Iraq seeks to leverage the capabilities of American companies to address the problem of flaring large quantities of associated gas due to the lack of adequate infrastructure.

The US trade delegation's visit comes amid US President Donald Trump's imposition of tariffs on several countries, including Iraq, which Trump announced on Wednesday night, April 2, 2025, at a rate of 39%. link

Tishwash:  With oil prices rapidly declining, a member of the parliamentary finance committee calls for amending the budget schedules.

Jamal Kocher, a member of the Parliamentary Finance Committee, stressed the need to reconsider the 2025 budget schedule if oil prices continue to fall below $70 per barrel.

Kocher explained to Al Furat News Agency, "This matter depends on the price estimated in the budget, indicating that if the price per barrel is at $70, the current rates can be maintained."
He pointed out that "the final decision will be based on financial estimates of oil prices throughout the year, as the price can be maintained if studies indicate it rises above $70. However, if the price falls below this level, Kocher stressed the need for the government to review the financial schedules."

Kocher pointed out that "there is a real deficit in the budgets of previous years, 2023 and 2024, which requires careful handling of oil price fluctuations and their impact on the national economy."
Oil prices fell for the second day in a row, reaching their lowest levels in more than three years, after markets were shocked by the sudden increase in OPEC+ production, in addition to the tariffs imposed by US President Donald Trump, which could lead to a reduction in global demand.

Brent crude, seen as a global benchmark for the oil market, has lost more than 10% in just two days, while US futures are trading at their lowest levels since May 2023, according to Bloomberg.
Brent has fallen to $65 a barrel.

These declines are the result of the tariff storm announced by Trump on Thursday, which threatens global economic growth and consumption.

Just hours after Trump's tariff announcement, the OPEC+ alliance announced a tripling of planned production for May. link

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

Tishwash:  Al-Sudani: Iraq is witnessing an unprecedented phase of reconstruction and development.

Prime Minister Mohammed Shia al-Sudani said on Friday, April 4, 2025, that: "Iraq is witnessing an unprecedented phase of reconstruction and development."

During his meeting today with a group of tribal sheikhs and dignitaries from various communities at the guest house of Hajj Rahim Majisar al-Baydani in Baghdad, Al-Sudani affirmed that "the tribes have always been with the state since its founding, beginning with the 1920 Revolution, and their contributions and sacrifices have continued effectively at various stages and times."

The Prime Minister pointed to "the role of the tribes and their honorable stance in responding to the religious authority's call for sufficient jihad, the call of the nation, as all members of the tribes that bear the Iraqi color lined up in the trench of confrontation against terrorism. This stance came at a time when it was rumored that Iraq had ended as a state, only for the country to return safe and unified."

Al-Sudani stressed that "the supreme religious authority's indication that Iraqis have a cultural and intellectual heritage that they must study, understand, and rely on is a fitting indication, and that our country, with its culture and resources, is capable of facing various challenges." He emphasized that "her talk about Iraq's recovery and being on the right path is a reassuring message to some alarmists who paint a picture of anxiety, panic, and defeatism among society."

He explained, "What we enjoy today is thanks to the sacrifices and honorable stances of the tribes, which we cannot forget. Iraq is strong, capable, healthy, and progressing, as attested to by all regional and international institutions." He indicated that "Iraq has an important pioneering role, and the reconstruction and development it is witnessing, from Basra to Nineveh, is an unprecedented phase."

He continued, "From the outset, the government has worked on priorities based on the needs of the people, far removed from any personal or partisan objectives. We cannot mortgage the country's future solely to oil, especially since Iraq possesses the potential for agriculture, industry, and tourism."

Al-Sudani stated, "Our country is distinguished by its geographical location as a global trade corridor. That's why we launched the Development Road project, and we are working day and night to achieve our commitment. We have the capabilities, resources, and determination to face various challenges."

He pointed out that "work is continuing on a project to transport gas to our power stations, and there is a genuine will to implement reforms, and we have made significant progress in this regard, in a timeframe not exceeding two and a half years of the government's term."

He continued, "The region has witnessed exceptional circumstances, and the government's greatest test was how to handle this crisis, given Iraq's principled position on the Palestinian issue. The continued Zionist aggression against the Palestinians has demonstrated the failure of the international community."

He explained, "We were able to preserve Iraq by acting wisely and responsibly to avoid slipping into the arena of war and conflict. Some emotional and hasty voices wanted Iraq to go to war and conflict."

The Prime Minister stressed that "the interests of Iraq and Iraqis are the government's top priority, and there is no room for favoritism toward any internal or external party." He explained that "the government's approach is to preserve the supreme interests of the state, and we have full hope that the clerics, tribal sheikhs, and elites will promote a discourse of unity, solidarity, and brotherhood among all members of society."

He continued, "There are those who thrive on the rhetoric of sedition, crisis, and conspiracies, and we must pay attention to this matter, especially with the upcoming elections. We are confident that Iraq's future is promising, thanks to its people, capabilities, resources, and sound principles for governing the state."  link

Mot: Ahah!!! -- This Finally Says it All!!!! 

Mot: Will Beeeeee a Perfect Daze fur - bird watching

MilitiaMan &Crew: Iraq Dinar-Urgency for Oil exports to Resume-Global Trade Corridor-Unprecedented Development

MilitiaMan &Crew: Iraq Dinar-Urgency for Oil exports to Resume-Global Trade Corridor-Unprecedented Development

4-4-2025

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=uR5NVdGluVQ