“Tidbits From TNT” Monday Morning 5-26-2025
TNT:
Tishwash: The Sudanese Ministry of Finance directs the Ministry of Finance to prepare the budget tables for approval, amounting to 140 trillion dinars.
The Finance Committee of the Iraqi Parliament revealed on Monday that Prime Minister Mohammed Shia al-Sudani directed the Ministry of Finance to prepare budget tables in preparation for its approval.
Committee member Moeen Al-Kadhimi told Shafaq News Agency, "Last week, Al-Sudani directed the Ministry of Finance to prepare the 2025 budget schedules in preparation for its approval by the Council and sending it to Parliament."
Al-Kadhimi added, "The Ministry of Finance prepared the investment side of the budget months ago, amounting to 25 trillion dinars. The Ministry of Finance is currently expected to complete the operational side of the budget, estimated at approximately 115 trillion dinars."
TNT:
Tishwash: The Sudanese Ministry of Finance directs the Ministry of Finance to prepare the budget tables for approval, amounting to 140 trillion dinars.
The Finance Committee of the Iraqi Parliament revealed on Monday that Prime Minister Mohammed Shia al-Sudani directed the Ministry of Finance to prepare budget tables in preparation for its approval.
Committee member Moeen Al-Kadhimi told Shafaq News Agency, "Last week, Al-Sudani directed the Ministry of Finance to prepare the 2025 budget schedules in preparation for its approval by the Council and sending it to Parliament."
Al-Kadhimi added, "The Ministry of Finance prepared the investment side of the budget months ago, amounting to 25 trillion dinars. The Ministry of Finance is currently expected to complete the operational side of the budget, estimated at approximately 115 trillion dinars."
He explained that "the budget tables amount to 140 trillion dinars, which will be sufficient to run the state during the remaining months of the year, including salaries for employees and retirees, social welfare, other aspects, oil extraction costs, and ongoing investment projects."
The Finance Committee member continued: "It has become imperative for the Ministry of Finance to prepare the budget tables, approve them in the Council of Ministers, and submit them to the House of Representatives next June." link
Tishwash: Al-Salami: The government must take urgent action regarding the oil agreements between the region and Washington.
MP Haider Al-Salami called on the federal government on Sunday to take urgent action regarding the agreements concluded by the Kurdistan Regional Government (KRG) with American companies related to the investment of natural resources.
Al-Salami told Al-Maalouma that “Iraq’s natural resources represent a right for all components and spectrums of the Iraqi people, and their investment and extraction are the exclusive prerogative of the federal government.” He explained that “the KRG’s signing of agreements with American companies to invest in oil and gas fields represents a clear violation of the constitution and the Federal Court’s ruling, which affirmed that oil and gas belong to the Iraqi people, and that the management of this sector is the sole responsibility of the federal government.”
He added, “Baghdad must not be satisfied with rejectionist statements, but must take real steps to reconsider its dealings with the KRG and send clear messages to the concerned countries that the Kurdistan Region is part of the Iraqi state and not an independent entity.”
Al-Salami pointed out that "this issue must be taken seriously into consideration, because natural resources belong to all Iraqis, regardless of their ethnicity, sect, or religion, and they must not be invested unilaterally by the region without consulting the federal government."
It is noteworthy that the agreements concluded by the regional government with some American companies in the field of oil and gas investment have sparked widespread political and popular controversy, as they are considered a violation of the constitution and a Federal Court ruling. link
****************
Tishwash: A strong, diversified, and sustainable economy is a fundamental pillar of the National Security Strategy (2025-2030).
Samir Al-Nusairi
The Prime Minister announced the Iraqi National Security Strategy, with its axes and objectives, designed to ensure security and economic stability, protect Iraq internally and externally, avoid risks, and enhance the country's societal security, stability, sovereignty, and prosperity in all areas.
What concerns us as economists is how to achieve the economic goal of the strategy, which constitutes the basic foundation for building effective economic stability and sustainable development in accordance with Iraq’s economic vision for the years (2025-2030).
It is important to note that most countries in the world, whether emerging or fragile economies, have national security strategies that rely on plans to build stability and social development for their people. The most prominent of these plans relate to ensuring food security, health security, and livelihood security as basic and systematic priorities for building a safe, stable, and developed society. This is what Iraq's Vision 2030 clearly emphasized and indicated.
Iraq is currently going through a critical, important, and sensitive phase due to the political, security, and economic circumstances, which can be specifically identified with the fluctuations in global oil prices and the global economic recession. The economic reality, according to official data, also indicates that
The preliminary results of the general population census indicate that Iraq's population has risen to 46 million, while unemployment and poverty rates continue at the overall level. This requires solutions and major efforts to empower youth, reduce unemployment rates, and alleviate poverty in a country that aims to achieve stability in its national security strategy. To implement the plans drawn up to achieve this, we believe that
Building the foundations of a comprehensive national security strategy, with a focus on the economy, must result in security, stability, and economic development that contribute to societal well-being. It must be effective and implementable under the current circumstances in Iraq. Therefore, many citizens from various levels of government, politics, and economics, as well as university professors, civil society organizations, youth, women, and professionals, must familiarize themselves with the strategy's details, each within their respective fields, and contribute to achieving its objectives.
The magnitude of the economic challenges, both domestically and internationally, and the continued volatility of global oil prices require a firm stance by all governmental, political, and popular bodies, as well as the private sector, to protect Iraq and sustain the building of a strong, diversified, developmental, and sustainable economy, based on realistic realities.
I believe that the strategy should be a realistic application of the axes of the government program in its economic and security dimensions, and most importantly...
Legitimate demands to eliminate financial and administrative corruption, address unemployment and poverty, and return Iraqi funds stolen by corrupt people.
The basic economic principles of the national security strategy should be as follows:
1- Building a sound national economy with multiple resources.
2- The private sector plays a pivotal role in leading the market.
3- Providing food, medicine and environmental security for citizens.
4- Ensuring a decent life for the individual and the family.
5- Reforming and developing the financial and banking sector and increasing its contribution to economic development.
6- The state guarantees social justice for citizens.
7- Protecting the spirit of citizenship and community and civil peace.
8- Reforming and developing good governance institutions to provide the best services to citizens.
9- Information security and transparency of economic data and indicators. link
Mot: Here are some fun facts about bald eagles
Mot: . There is a Difference!!!!
MilitiaMan and Crew: Iraq Dinar Update-Central Bank of Iraq-Tunisia-Exchange Rate-FORTUNE-ASEAN-GCC-China-Economic Forums
MilitiaMan and Crew: Iraq Dinar Update-Central Bank of Iraq-Tunisia-Exchange Rate-FORTUNE-ASEAN-GCC-China-Economic Forums
5-25-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
MilitiaMan and Crew: Iraq Dinar Update-Central Bank of Iraq-Tunisia-Exchange Rate-FORTUNE-ASEAN-GCC-China-Economic Forums
5-25-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Investors have Finally had Enough with $2+ Trillion Deficits
James Hickman: Investors have Finally had Enough with $2+ Trillion Deficits
5-24-2025
Investors have finally had enough with $2+ trillion deficits
By James Hickman on May 22, 2025
Well, that was fast.
It only took five days after Moody’s downgrade of the US government’s sovereign credit rating for investors to throw a fit. The result was yesterday’s meltdown trifecta in which ALL three major markets– US stocks, US bonds, and the US dollar– lost significant value.
James Hickman: Investors have Finally had Enough with $2+ Trillion Deficits
5-24-2025
Investors have finally had enough with $2+ trillion deficits
By James Hickman on May 22, 2025
Well, that was fast.
It only took five days after Moody’s downgrade of the US government’s sovereign credit rating for investors to throw a fit. The result was yesterday’s meltdown trifecta in which ALL three major markets– US stocks, US bonds, and the US dollar– lost significant value.
I wrote about this extensively last month because we saw the same phenomenon after the “Liberation Day” announcement.
Typically, if there’s bad news in a major developed country, investors will simply shift their money into a different asset class within that same country.
For example, if investors in the US suddenly become concerned that a recession is on the horizon, they’ll pull their money out of the stock market… and then invest that capital into the bond market.
The money remains in the US; it simply moves into a new asset class. So, as a result, stocks decline in value, but bonds increase in value.
But what we saw last month after Liberation Day… and then AGAIN yesterday, is stocks AND bonds both declining simultaneously.
(Remember that bond prices move inversely to yields; so, when bond prices fall, as they did yesterday, it really means that bond yields, i.e. interest rates, are moving higher. More on this below.)
Plus, on top of the stock and bond market routs, the US dollar also took a big hit.
As I explained last month after Liberation Day, this can only mean ONE thing: investors aren’t shifting their money from one US asset class to another. They’re moving their money OUT of the US and into foreign assets.
This is a clear sign that at least some investors are losing confidence in the United States.
And who could blame them? Congress is fiddling while the budget burns. The “One Big Beautiful” tax bill will result in yet another $2 trillion budget deficit.
Trust me, I love tax cuts. Tax cuts are great for the economy. But you can’t just cut taxes without massive spending cuts.
Well, this legislation doesn’t cut spending. In fact, they INCREASED spending… meaning that America’s $36+ trillion debt problem is only going to become worse.
Investors aren’t terribly impressed with that outcome… because they’re the ones who will be asked to finance all that debt and buy trillions of dollars’ worth of US government bonds.
Proof of investors’ dissatisfaction came yesterday when the Treasury Department auctioned off roughly $16 billion worth of 20-year bonds.
This is how the government typically sells its bonds– through an auction process in which various banks and funds place bids. And ordinarily no one ever pays attention to Treasury auctions; they’re about as exciting as airline safety briefings.
But yesterday was different. Investors put their collective foot down and essentially refused to buy the government’s bonds unless the yield increased dramatically.
In the end, the 20-year yield hit 5.125%… which is almost the highest level it’s been since 2007.
The auction became a major signal that investors are very concerned about the US government’s horrific finances. Sure, they’ll still buy bonds. But they will demand much higher interest rates… which is debilitating for the US government.
Remember, the government already spends more money paying interest on the national debt than they do on the US military. And total interest payments this year are expected to reach about $1.2 trillion– more than 20 cents of every tax dollar collected.
Social Security, Medicare, and other mandatory entitlement programs will consume the other 80% of tax revenue… meaning that EVERY discretionary spending program, from the Defense Department to Homeland Security to Border Security, will have to be financed with more debt… at a HIGHER interest rate.
Higher interest rates cause the government’s annual interest bill to be even higher, meaning that the problem will eventually spiral out of control.
Folks, I’m not being pessimistic. It’s just basic arithmetic: there are very few good outcomes when your interest bill and mandatory entitlement spending grow faster than tax revenue.
Lower interest rates would be helpful. And that’s one of the reasons why the White House has been so vocal in demanding the Fed “lower” interest rates.
Problem is– the Fed doesn’t really have the power to cut rates anymore.
In the past, all the Fed Chairman had to do to cut rates was utter a few words; the bond market would click its heels, salute, and dutifully comply. Rates would fall just based on a speech.
That doesn’t happen anymore. If you recall when the Fed supposedly cut rates last year, bond yields actually increased. Essentially, investors are no longer paying attention to the Fed. They don’t care.
The market is now in control of bond yields… NOT the Fed. And certainly not the White House or Treasury Department. And the market does not like what it sees:
– $36 trillion national debt
– $2 trillion annual deficits
– $1.2 trillion annual interest bill
– Congress doing nothing about any of it
Bottom line, investors are fleeing– and not just the bond market. Given the drop in the US dollar yesterday (alongside stocks and bonds), it’s clear that many investors are fleeing the United States entirely and moving their capital elsewhere.
Gold will be a major beneficiary of this trend (along with well-managed gold businesses) simply because foreign governments and central banks need a reliable, liquid asset with minimal counterparty risk to park all the capital they withdraw from the United States.
Gold is one of the few assets that meets these qualifications. And, while nothing goes up or down in an uninterrupted straight line, we continue to believe that there is tremendous upside left in gold… along with silver, platinum, and several other real assets.
Ultimately, though, this is bad news for the US. No one in government seems to want to fix its terminal spending/deficit problem.
And given what happened yesterday, it’s obvious that the market is no longer willing to ignore it.
Source: Schiff Sovereign
Iraq Economic News And Points To Ponder Sunday Afternoon 5-25-25
A Strong, Diversified, And Sustainable Economy Is A Fundamental Pillar Of The National Security Strategy ( Yrs - 2025-2030 )
Samir Al-Nusairi The Prime Minister announced the Iraqi National Security Strategy, with its axes and objectives, designed to ensure security and economic stability, protect Iraq internally and externally, avoid risks, and enhance the country's societal security, stability, sovereignty, and prosperity in all areas.
What concerns us as economists is how to achieve the economic goal of the strategy, which constitutes the basic foundation for building effective economic stability and sustainable development in accordance with Iraq’s economic vision for the years (2025-2030).
A Strong, Diversified, And Sustainable Economy Is A Fundamental Pillar Of The National Security Strategy ( Yrs - 2025-2030 )
Samir Al-Nusairi The Prime Minister announced the Iraqi National Security Strategy, with its axes and objectives, designed to ensure security and economic stability, protect Iraq internally and externally, avoid risks, and enhance the country's societal security, stability, sovereignty, and prosperity in all areas.
What concerns us as economists is how to achieve the economic goal of the strategy, which constitutes the basic foundation for building effective economic stability and sustainable development in accordance with Iraq’s economic vision for the years (2025-2030).
It is important to note that most countries in the world, whether emerging or fragile economies, have national security strategies that rely on plans to build stability and social development for their people.
The most prominent of these plans relate to ensuring food security, health security, and livelihood security as basic and systematic priorities for building a safe, stable, and developed society. This is what Iraq's Vision 2030 clearly emphasized and indicated.]
Iraq is currently going through a critical, important, and sensitive phase due to the political, security, and economic circumstances, which can be specifically identified with the fluctuations in global oil prices and the global economic recession.
The economic reality, according to official data, also indicates that
The preliminary results of the general population census indicate that Iraq's population has risen to 46 million, while unemployment and poverty rates continue at the overall level.
This requires solutions and major efforts to empower youth, reduce unemployment rates, and alleviate poverty in a country that aims to achieve stability in its national security strategy.
To implement the plans drawn up to achieve this, we believe that Building the foundations of a comprehensive national security strategy, with a focus on the economy, must result in security, stability, and economic development that contribute to societal well-being. It must be effective and implementable under the current circumstances in Iraq.
Therefore, many citizens from various levels of government, politics, and economics, as well as university professors, civil society organizations, youth, women, and professionals, must familiarize themselves with the strategy's details, each within their respective fields, and contribute to achieving its objectives.
The magnitude of the economic challenges, both domestically and internationally, and the continued volatility of global oil prices require a firm stance by all governmental, political, and popular bodies, as well as the private sector, to protect Iraq and sustain the building of a strong, diversified, developmental, and sustainable economy, based on realistic realities.
I believe that the strategy should be a realistic application of the axes of the government program in its economic and security dimensions, and most importantly...
Legitimate demands to eliminate financial and administrative corruption, address unemployment and poverty, and return Iraqi funds stolen by corrupt people.
The basic economic principles of the national security strategy should be as follows:
1- Building a sound national economy with multiple resources.
2- The private sector plays a pivotal role in leading the market.
3- Providing food, medicine and environmental security for citizens.
4- Ensuring a decent life for the individual and the family.
5- Reforming and developing the financial and banking sector and increasing its contribution to economic development.
6- The state guarantees social justice for citizens.
7- Protecting the spirit of citizenship and community and civil peace.
8- Reforming and developing good governance institutions to provide the best services to citizens.
9- Information security and transparency of economic data and indicators.
https://economy-news.net/content.php?id=55809
The Central Bank Launches The First National Strategy For Financial Inclusion
Banks Economy News – Baghdad The Central Bank of Iraq announced on Sunday the launch of the first National Financial Inclusion Strategy for the period 2025-2029.
He follows..
36 views Added 05/25/2025 - 5:18 PM https://economy-news.net/content.php?id=55824
The Central Bank Of Iraq Launches The First National Strategy For Financial Inclusion.
Time: 2025/05/25 Reading: 675 times {Economic: Al Furat News} The Central Bank of Iraq launched, today, Sunday, the first national strategy for financial inclusion for the period 2025-2029.
According to a statement by the Central Bank, a copy of which was received by {Euphrates News}, the strategy includes an integrated framework for financial inclusion aimed at enabling all individuals and companies to access the financial sector and use appropriate and safe financial services while protecting their rights, thus contributing to economic and social development.
In his speech, the Governor of the Central Bank, Ali Mohsen Al-Alaq, emphasized that "the Central Bank of Iraq attaches great importance to enhancing financial inclusion in Iraq, in addition to cooperation at the regional, Arab, and international levels.
The Central Bank of Iraq has worked with international partners to develop a financial inclusion strategy in accordance with international best practices, in partnership with the World Bank Group, the Arab Monetary Fund, the Global Financial Inclusion Alliance, and the German Development Cooperation Agency (GIZ), in addition to local partners from public and private bodies and agencies."
He added, "The bank is working to achieve a number of goals, including increasing the number of bank accounts, enhancing consumer protection for those dealing with the financial sector, using the latest electronic payment methods, and developing infrastructure and regulations to promote financial inclusion." LINK
A "Time Bomb" Threatens The Iraqi Economy.. An Expert Explains (Infographic)
economy | 11:58 - 05/25/2025 Mawazine News - Baghdad - Economic expert Manar Al-Obaidi warned on Sunday of the risks of the domestic debt, which has exceeded 85 trillion dinars, describing it as a "time bomb" threatening the Iraqi economy.
Al-Obaidi said in a blog post followed by Mawazine News, "It is often promoted that the domestic debt is not dangerous because it is in dinars and does not affect foreign currency reserves, but this claim reflects either ignorance of the reality of the Iraqi economy or an attempt to reassure people with statements far from the truth."
He explained that the government's borrowing from local banks to cover the deficit withdraws liquidity from the market, which means diverting funds that were supposed to finance private sector projects, such as factories, companies, and job opportunities, to mere government salaries and expenditures. He added, "This makes banks merely a fund to cover state expenses."
He pointed out that domestic loans do not always rely on people's savings. Rather, the Central Bank often prints new dinars to finance them, in what is known as "deficit financing," which leads to inflation, rising prices, a decline in the value of the dinar, and directly harms citizens.
Al-Obaidi warned that those who downplay the danger of debt in dinars are ignoring the possibility of a financial crisis even without the influence of the dollar. A government's inability to repay its debts to banks or a loss of confidence in the banking system could lead to a collapse more severe than any monetary crisis.
He emphasized that most countries borrow to build factories, develop education, or stimulate the market, while Iraq borrows to cover salaries and ministry expenses. This debt is devastating to the economy and burdens future generations.
He expressed concern that the domestic debt, which has increased by 13 trillion dinars in just one year, is equivalent to what accumulated in the previous four years, with no known fate or method of repayment. He said, "This debt has not been used to reduce imports, stimulate the private sector, or create productivity, but has been limited to financing government salaries and expenses."
Al-Obaidi concluded his warning by saying, "The domestic debt is not as safe as it is portrayed. Rather, it reflects poor management of public funds and perpetuates a chronic deficit.
Those who downplay its seriousness are either ignorant of the figures or seeking to mislead public opinion. It is a fire under the ashes, and if we do not change our spending and management practices, we will face an economic explosion, and we will be powerless to act." https://www.mawazin.net/Details.aspx?jimare=261890
Minister Of Environment: Iraq Is Making Confident Strides Towards Enhancing Regional And International Cooperation On The Water Issue
Local Economy News – Baghdad Environment Minister Helo Al-Askari affirmed on Sunday that Iraq is making confident strides towards enhancing regional and international cooperation on the water issue.
The ministry said in a statement, seen by Al-Eqtisad News, that "the Minister of Environment sent a humanitarian and environmental message to the world during his participation in the Fifth Baghdad International Water Conference, calling for "international cooperation and the spirit of peace over conflict," stressing that "humanity, with all its peoples and organizations, strives for security and stability, far from the language of wars and weapons that have long ravaged the world."
The Minister of Environment added, according to the statement, that "water should not be used as a tool for political pressure or a weapon to punish peoples and nature, but rather must remain a shared resource that promotes peace and contributes to achieving sustainable development, especially since many peoples, including Iraq, bear the burdens of climate change resulting from industrial practices in major countries that continue to violate the laws of nature without deterrence."
He continued, "Instead of using water as a weapon in our political negotiations, let us water trees, flowers, and green spaces with it." This way, we restore balance to nature in the face of rapid population growth.”
He explained that “this environmental approach reflects the essence of the Iraqi government’s vision, which seeks to improve a positive and sustainable political climate, especially with regard to water resource management.”
The Minister explained that “Iraq is making confident strides towards strengthening regional and international cooperation on the water issue, through launching qualitative initiatives, most notably the adoption of sustainable agriculture and the intensification of awareness campaigns to rationalize human, agricultural, and industrial water use.
This is in addition to the regional initiative to protect the Tigris and Euphrates, launched by the Prime Minister during the conference, which aims to achieve water security, environmental balance, and utilize technology and innovation to address climate challenges.” The
Minister continued, “Let us remember that all divine books, including the Holy Quran, consider water a sacred blessing that revives humans, animals, and nature, and represents the basis for the sustainability of life if water is made a means of peace rather than a tool of conflict.”
Al-Askari concluded by emphasizing that “Iraq, by virtue of its geographical location and cultural history, is fully aware of the vital role of water in achieving development, and calls on all countries to unite efforts and adopt a common approach that places people and the environment at the heart of water policies.” https://economy-news.net/content.php?id=55826
The Dollar Continues To Fall Against The Dinar
Economy | 11:02 - 05/25/2025 Mawazine News – Baghdad The exchange rate of the dollar fell against the dinar on Sunday morning in the markets of the capital, Baghdad.
The dollar price recorded a decline in the Al-Kifah and Al-Harithiya stock exchanges, recording 141,950 dinars for every $100, while yesterday, Saturday, it recorded 142,100 dinars for every $100.
Selling prices stabilized in exchange shops in the markets of Baghdad, where the selling price reached 143,000 Iraqi dinars for every $100, and the purchase price reached 141,000 dinars for every $100. https://www.mawazin.net/Details.aspx?jimare=261888
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Sunday Afternoon 5-25-25
Good Afternoon Dinar Recaps,
DUBAI LAND DEPARTMENT LAUNCHES TOKENIZED REAL ESTATE INITIATIVE ON XRP LEDGER
The Dubai Land Department (DLD) has officially launched a landmark initiative in partnership with Ctrl Alt, aimed at transforming real estate investment through blockchain-based tokenization on the XRP Ledger.
Ctrl Alt and DLD Launch Real Estate Tokenization Project
Ctrl Alt has officially launched its tokenization partnership with the Dubai Land Department (DLD) for the Real Estate Tokenization Project, marking a significant step forward in property investment innovation within the Emirate.
Good Afternoon Dinar Recaps,
DUBAI LAND DEPARTMENT LAUNCHES TOKENIZED REAL ESTATE INITIATIVE ON XRP LEDGER
The Dubai Land Department (DLD) has officially launched a landmark initiative in partnership with Ctrl Alt, aimed at transforming real estate investment through blockchain-based tokenization on the XRP Ledger.
Ctrl Alt and DLD Launch Real Estate Tokenization Project
Ctrl Alt has officially launched its tokenization partnership with the Dubai Land Department (DLD) for the Real Estate Tokenization Project, marking a significant step forward in property investment innovation within the Emirate.
This initiative, developed in collaboration with the Virtual Assets Regulatory Authority (VARA) and the Dubai Future Foundation, uses the XRP Ledger to establish a secure and compliant framework for tokenizing real estate title deeds.
Fractional Ownership Through PRYPCO Mint
By enabling fractional ownership, the project allows multiple investors to co-own properties with a minimum investment of AED 2,000 through the PRYPCO Mint platform.
This model opens the door to broader participation, especially for retail and global investors previously excluded by high capital requirements. Blockchain integration ensures that ownership records remain immutable and verifiable, reducing fraud and administrative overhead.
Blockchain Technology to Drive Transparency and Efficiency
The DLD’s implementation of blockchain technology for property registration is designed to enhance transparency, boost investor confidence, and improve operational efficiency in the real estate market.
This technological shift not only aligns with Dubai's forward-looking stance on digital innovation but also supports the creation of a more inclusive and liquid real estate ecosystem.
Economic Impact and Long-Term Vision
The initiative is projected to help build a tokenized real estate market worth AED 60 billion ($16 billion) by 2033, in line with Dubai’s Real Estate Sector Strategy 2033 and the Emirate’s broader economic goals. The move underscores Dubai's ambition to be a global leader in blockchain-powered real estate.
Ctrl Alt CEO Hails the Initiative
Matt Ong, CEO of Ctrl Alt, expressed strong support for the partnership, stating:
“This project has the potential to significantly broaden investor participation and truly modernize the real estate sector. It’s a new chapter for real estate ownership and investment in the region.”
The launch of this initiative signals a broader shift toward digitally-native investment solutions and may serve as a blueprint for other global cities seeking to integrate blockchain into traditional asset markets.
@ Newshounds News™
Source: Bitcoin.com
~~~~~~~~~
EUROPE’S LARGEST BANK HSBC LAUNCHES FIRST-EVER CRYPTO SETTLEMENT SERVICE IN HONG KONG
HSBC has officially launched a groundbreaking crypto settlement service in Hong Kong, marking a significant shift in how traditional banks interact with blockchain technology.
HSBC Introduces Blockchain-Powered Settlements
Europe’s largest bank, HSBC, has introduced the first-ever crypto settlement platform in Hong Kong, simplifying digital asset transactions for corporate clients. In a press release on May 22, the $3 trillion financial institution announced that users can now settle transactions using tokenized fiat deposits, boosting speed and lowering costs.
The platform instantly converts fiat deposits into digital tokens, enabling faster, round-the-clock payments in both Hong Kong dollars and U.S. dollars. This service is initially available only to Hong Kong clients, but HSBC has revealed plans to expand across Asia and Europe by late 2025.
A Historic First Transaction with Ant International
HSBC’s digital asset settlement service went live with a pioneering transaction involving Ant International, an affiliate of Alibaba Group Holdings. Ant used its treasury management system to initiate the payment, which was tokenized and settled instantly via HSBC’s distributed ledger technology (DLT) platform.
The two companies also successfully tested Ant’s Whale platform, a digital treasury and tokenization tool, highlighting their ongoing collaboration in fintech innovation.
HSBC’s Vision: Bridging Traditional and Digital Finance
Lewis Sun, HSBC’s Global Head of Domestic and Emerging Payments, hailed the development as a powerful example of tokenized finance merging seamlessly with traditional systems. He described Hong Kong as a global innovation hub and praised the city’s proactive regulatory environment in supporting digital transformation.
Sun stated:
“This service reflects how tokenized deposits can modernize payments, improving efficiency while maintaining trust.”
Hong Kong's Aggressive Push Toward Crypto Leadership
The launch comes amid Hong Kong’s broader ambition to position itself as a global crypto hub. Recent initiatives include:
Issuing licenses to four new crypto exchanges, including DFX Labs and Accumulus Global
Accepting Bitcoin and Ethereum as part of wealth disclosures for immigrant visas
Passing a stablecoin bill in May requiring issuers to obtain operational licenses from the HKMA
These developments further highlight the region’s progressive stance on digital assets and its commitment to attracting global crypto innovation.
@ Newshounds News™
Source: The Cryoto Basic
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XRPTURBO: THIS XRP PROJECT AIMS TO ACCELERATE RIPPLE DEFI REVOLUTION AS LIQUID STAKING GOES LIVE, SET TO LAUNCH AI AGENT LAUNCHPAD
XRPTurbo is emerging as a powerful new force on the XRP Ledger (XRPL), aiming to redefine the ecosystem through an innovative blend of DeFi and AI technology. As the broader crypto market surges, XRPTurbo is positioning itself as the go-to hub for staking, governance, and decentralized automation within the Ripple ecosystem.
XRPTurbo’s Meteoric Growth and Token Surge
Since its oversubscribed presale, XRPTurbo has achieved major milestones. Its native token, $XRT, has surged more than 350% post-launch, with listings secured on Bitmart and XPmarket, and visibility on CoinGecko, with a CoinMarketCap debut expected soon.
The rapid ascent is fueled by a growing community, strategic partnerships, and strong developer engagement—solidifying XRPTurbo as a serious contender within XRP's evolving DeFi landscape.
High-Yield Liquid Staking Goes Live
XRPTurbo’s liquid staking protocol is now live, offering up to 25% APY for users simply holding $XRT in supported wallets like Xaman. The key innovation: tokens remain fully liquid and transferable, sidestepping the usual lockup periods seen in traditional staking systems.
Already, more than 40% of the total 100 million $XRT supply is staked, showcasing growing investor confidence and strong platform engagement.
Coming Q2: XRPL’s First AI Agent Launchpad
In Q2 2025, XRPTurbo will unveil the first AI Agent Launchpad on XRPL. This decentralized automation tool will allow developers to create intelligent agents—self-operating bots capable of managing trades, executing smart contracts, and analyzing data autonomously on-chain.
This innovation is set to bring real-time, 24/7 automation to XRPL and will play a crucial role in enabling next-gen Web3, DeFi, and tokenization projects to thrive on Ripple’s high-speed, low-cost network.
Community-Driven Governance and Early Access Perks
XRPTurbo isn’t just a tech platform—it’s a governance-enabled ecosystem. With the forthcoming Governance & Launchpad DApp, $XRT holders will gain the power to vote on protocol upgrades, project listings, and funding allocations.
Moreover, $XRT unlocks exclusive early access to new launches, including AI-driven and Real World Asset (RWA) projects. This gives holders a front-row seat—and financial advantage—as new innovations hit the XRPL.
Conclusion
With Bitcoin at all-time highs and DeFi rapidly expanding, XRPTurbo is carving out a distinctive niche where AI meets decentralized finance. It’s not just another project—it’s shaping the future of DeFi on XRPL.
Explore liquid staking, participate in governance, and access tomorrow’s projects today.
Buy $XRT on Bitmart or XPmarket, and learn how via this quick guide: How to Buy $XRT
@ Newshounds News™
Source: CryptoDaily
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Unveiling China's Gold Hoard Would Implode US Dollar | Bill Holter
Unveiling China's Gold Hoard Would Implode US Dollar | Bill Holter
Liberty and Finance: 5-24-2025
Bill Holter shares sobering insights into the state of global financial systems, warning of the rising risk of a complete debt-driven collapse.
He emphasizes that precious metals, particularly silver, remain essential stores of value in a world where fiat currencies are losing credibility, especially in contrast to the BRICS nations’ move toward asset-backed alternatives.
Holter expresses skepticism about the safety of traditional mining jurisdictions like North America, citing political instability and potential nationalization.
Unveiling China's Gold Hoard Would Implode US Dollar | Bill Holter
Liberty and Finance: 5-24-2025
Bill Holter shares sobering insights into the state of global financial systems, warning of the rising risk of a complete debt-driven collapse.
He emphasizes that precious metals, particularly silver, remain essential stores of value in a world where fiat currencies are losing credibility, especially in contrast to the BRICS nations’ move toward asset-backed alternatives.
Holter expresses skepticism about the safety of traditional mining jurisdictions like North America, citing political instability and potential nationalization.
He also discusses real estate as a vulnerable asset class likely to suffer steep declines amid financial turmoil.
Concluding with personal anecdotes, including a tribute to his late horse Principe, Holter underscores the importance of resilience, preparedness, and independent thinking in uncertain times.
INTERVIEW TIMELINE
0:00 Intro
1:30 Mining jurisdiction
5:50 Gold’s intrinsic value
8:00 Financial reset
13:30 US & China’s gold
15:00 London gold flows
17:30 The endgame strategy
21:30 Real estate market
26:00 Selling gold & silver
32:30 Gold vs silver
33:49 Texas secession
35:30 Jim Sinclair
37:27 Riding horses
Iraq Economic News And Points To Ponder Sunday Morning 5-25-25
A Government Advisor Reveals A "Dangerous Paradox" In The Private Banking Sector.
Time: 2025/05/24 Read: 3,240 times {Economic: Al Furat News} The Prime Minister's economic advisor, Mazhar Mohammed Salih, affirmed that restructuring the banking sector is a fundamental and important step toward enhancing the stability of the financial system and supporting economic development in Iraq.
Saleh explained in a press statement that this restructuring aims to better organize cash flow management and improve the efficiency of the state's financial liquidity, which will contribute to alleviating financial pressures on the public treasury.
A Government Advisor Reveals A "Dangerous Paradox" In The Private Banking Sector.
Time: 2025/05/24 Read: 3,240 times {Economic: Al Furat News} The Prime Minister's economic advisor, Mazhar Mohammed Salih, affirmed that restructuring the banking sector is a fundamental and important step toward enhancing the stability of the financial system and supporting economic development in Iraq.
Saleh explained in a press statement that this restructuring aims to better organize cash flow management and improve the efficiency of the state's financial liquidity, which will contribute to alleviating financial pressures on the public treasury.
He pointed out that there is a clear division in the banking market, as private banks own more than 78% of capital, but contribute a limited percentage not exceeding 20% of financing and deposit operations.
Saleh stressed that the banking restructuring is a comprehensive process that includes modernizing the infrastructure of government banks, enhancing the efficiency of asset and liability management, and developing governance systems in line with international standards.
He added that these measures will increase the banking sector's ability to effectively contribute to the gross domestic product, expand the scope of financing and lending for development projects, which supports economic growth and reduces dependence on oil revenues.
He emphasized that the current financial and monetary challenges, particularly oil price fluctuations and liquidity pressures, require accelerating the implementation of reforms, including increasing bank capital and modernizing operating mechanisms, to enhance the stability of the banking sector and improve the management of public financial resources.
At the beginning of this year, the Iraqi government announced plans to restructure state-owned banks, most notably Rafidain and Rashid Banks, with the aim of transforming them into more modern and efficient financial institutions capable of meeting the needs of the growing Iraqi economy.
In its session held on January 13, 2025, it also decided to establish a completely new bank based on the latest digital banking technologies, aiming to provide integrated banking services to individuals and companies, both inside and outside Iraq.
This new bank has been named "Rafidain First Bank" and will start with an initial capital of 500 billion Iraqi dinars (approximately $381.8 million), with the goal of reaching a final capital of one trillion Iraqi dinars (approximately $763.7 million). The state's contribution to this capital will be 28%. LINK
With The Stock Market Closing At The Beginning Of The Week, The Dollar Price Fell In Baghdad And Rose In Erbil
May 24, 2025 Economic Number of reads: 88 Baghdad/ NINA / The dollar prices decreased in Baghdad markets, while they rose in Erbil with the closing of the stock exchange at the beginning of the week.
The dollar prices recorded a decrease with the closing of the Al-Kifah and Al-Harithiya stock exchanges, recording 141,950 dinars for $100, while this morning it recorded 142,100 dinars for $100.
The selling prices in the exchange sector in the local markets in Baghdad witnessed stability, as the selling price reached 143,000 dinars for $100, while the purchase price reached 141,000 dinars for $100.
In Erbil, the dollar recorded an increase, as the selling price reached 142,200 dinars for every $100, and the purchase price reached 141,800 dinars for $100. /End https://ninanews.com/Website/News/Details?key=1228776
During His Meeting With Two US Senators, The Foreign Minister Said: Iraq Is Working Rapidly To Achieve Self-Sufficiency And Energy Independence
Saturday, May 24, 2025, | Politics Number of readings: 115 Baghdad / NINA / Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein affirmed that Iraq is working at an accelerated pace to achieve self-sufficiency and independence in the field of energy.
The Ministry of Foreign Affairs said in a statement: "The Minister met with two members of the US Senate, Independent Senator from Maine Angus King, and Republican Senator from Oklahoma James Lankford. During the meeting, a number of issues of common interest were discussed.
The two senators congratulated Iraq on the success of hosting the recent Arab Summit in Baghdad, and stressed that they had noticed a significant improvement in the level of stability within the country."
The Minister stressed that Iraqi-American relations are strategic relations that extend from partnership in the war on terrorism, to cooperation in reconstruction, and enhancing stability in the region, in addition to other vital areas including the energy and education sectors, noting Iraq's aspiration to expand the horizons of these relations, and increase the presence of American companies to benefit from promising investment opportunities, and contribute to construction and development efforts.
The Minister affirmed that Iraq is working at an accelerated pace to achieve self-sufficiency and energy independence by investing in associated gas, enhancing electricity interconnection projects with neighboring countries, and exploring new gas fields.
This will make it a gas-producing country, in addition to being a major oil producer. In this context, he called on specialized American companies to invest in this strategic sector.
He pointed out that Iraq is preparing to hold its sixth legislative elections in November of this year, which reflects the consolidation of the democratic experience among the population and contributes to achieving stability and reconstruction.
At the same time, he expressed his regret that a number of Western countries continue to classify Iraq as a high-risk country in travel advisories for their citizens. This negatively impacts the entry opportunities for foreign companies and hinders the development of tourism and cultural exchange.
On the other hand, the two sides affirmed that the terrorist organization ISIS continues to pose a major threat to countries in the region and the world alike, emphasizing the importance of unifying international efforts to eliminate it and prevent its return.
They also discussed developments in the ongoing negotiations between the United States and Iran, agreeing that dialogue is the best way to resolve outstanding issues, achieve stability, and avoid slipping into escalation and confrontation.
In conclusion, the two sides affirmed their support for a political process in Syria that ensures the establishment of a comprehensive democratic process that expresses the aspirations of the Syrian people and leads to the formation of an elected government that represents the various components of society and preserves their rights. /End https://ninanews.com/Website/News/Details?key=1228777
US Secretary Of State Praises Masrour Barzani And Supports A Strong And Stable Kurdistan
The US State Department commended Kurdistan Regional Prime Minister Masrour Barzani for settling contracts with US companies, affirming Washington's strong support for the Kurdistan Region as a cornerstone of the relationship with Iraq.
This came during a meeting between Secretary of State Marco Rubio and Barzani on Friday (May 23) in Washington, D.C., where they discussed opportunities to enhance trade and investment between the United States and the Kurdistan Region, according to a statement by State Department Spokesperson Tammy Bruce issued this morning (May 24).
Rubio praised Barzani's steps to expand natural gas production through settling contracts with US companies, considering this step to enable Iraq to move closer to energy independence. The two sides also stressed the importance of protecting the rights of religious and ethnic minorities in Iraq and Syria.
This meeting follows the signing of two major contracts in Washington, worth $110 billion, between the Ministry of Natural Resources in the region and the companies Western Zagros and HKN Energy, which were attended by Prime Minister Barzani on May 19.
For its part, the Iraqi Oil Ministry announced its rejection of these contracts, to which Barzani commented, "We hope these positions will be reviewed in a way that serves the interests of all Iraqis. The more flexibility Baghdad shows, the clearer our good intentions and shared endeavors will become." https://www.radionawa.com/all-detail.aspx?jimare=41901
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Sunday Morning 5-25-25
Good Morning Dinar Recaps,
FORMER IMF CHIEF ECONOMIST BELIEVES CRYPTO IS A RISING THREAT TO THE U.S. DOLLAR’S DOMINANCE
Kenneth Rogoff believes that “crypto has value” and its growing usage in the gray market can chip away at the dollar’s hegemony.
American economist Kenneth Rogoff believes that the rise of crypto poses a threat to the hegemony of the U.S. dollar.
Rogoff previously served as the chief economist at the International Monetary Fund (IMF) and on the Federal Reserve Board. He is a published author and an economics professor at Harvard University.
Good Morning Dinar Recaps,
FORMER IMF CHIEF ECONOMIST BELIEVES CRYPTO IS A RISING THREAT TO THE U.S. DOLLAR’S DOMINANCE
Kenneth Rogoff believes that “crypto has value” and its growing usage in the gray market can chip away at the dollar’s hegemony.
American economist Kenneth Rogoff believes that the rise of crypto poses a threat to the hegemony of the U.S. dollar.
Rogoff previously served as the chief economist at the International Monetary Fund (IMF) and on the Federal Reserve Board. He is a published author and an economics professor at Harvard University.
In an interview with Bloomberg, Rogoff said that while the U.S. dollar is still the most dominant global currency, its influence is decreasing.
“I see it [dollar’s dominance] as in decline — it’s fraying at the edges where, of course, the renminbi is breaking free of the dollar, the euro is going to have a larger footprint — that’s been going on for a decade.”
Crypto is already eating away at the U.S. Dollar’s dominance
Rogoff said that one of the main markets for the U.S. dollar is the underground economy, sometimes referred to as the gray market or the shadow economy. The largest chunk of this economy, which the government cannot easily trace, is made up of tax evaders. Transactions conducted by criminals are also part of this economy, albeit a small one, he said.
As per Rogoff’s estimate and a World Bank survey, the underground economy constitutes about 20% of the world economy. That makes it worth around $20-to-$25 trillion, depending on the value of the dollar.
Earlier, the preferred mode of payment for such transactions used to be U.S. dollar notes. But now, crypto is increasingly emerging as the new favorite. In his latest book, Our Dollar, Your Problem, Rogoff states that cryptocurrencies have already started chipping off at the dollar’s global standing. In his interview, he said:
“…although crypto has not made significant inroads into the legal economy, it is increasingly used in the global underground economy – consisting of criminal activity but mainly tax and regulatory evasion – where cash, especially US dollars, had been king.”
The dollar losing its footing to crypto impacts the larger global market by making everything more expensive through rising interest rates. From Treasury bill rates and mortgages to car and student loans, all interest rates are affected by the dollar’s declining influence. This is because the U.S. enjoys an “exorbitant privilege” from the dollar being the most important reserve currency, he explained.
Additionally, U.S. authorities track financial flows to gather information about potential threats to national security, and a loss in the dollar’s market share makes that more difficult.
Ironically, last year, Senator Cynthia Lumis said that having Bitcoin (BTC) in reserve can help the dollar “remain strong.”
‘Crypto has value,’ Rogoff says
According to Rogoff, critics who believe cryptocurrencies are just scams with no value are “completely wrong.” He said:
“The notion that there is no ‘fundamental value proposition’ in transactions use [of crypto] is just wrong.”
Rogoff explained that cryptocurrencies provide an accepted medium of exchange, which is a value proposition. Even if the government heavily regulates crypto, it will still face significant challenges controlling the underground economy, where it has less leverage, he said.
Therefore, Rogoff insists that “crypto has value.” The difficulty that authorities will face in tracking crypto transactions in the gray market is significant, which means crypto is “not worthless,” because “there’s a lot at stake here,” he added. However, he clarified:
“Crypto can’t replace the dollar. But that’s in the legal economy where the government has a lot of leverage. But in the underground economy, by definition, it has much less leverage.”
@ Newshounds News™
Source: CryptoSlate
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FED QUIETLY BUYS $43,600,000,000 IN US TREASURIES IN ALLEGED ‘STEALTH QE’ OPERATION AFTER CHINA ABRUPTLY DUMPS BILLIONS IN BONDS
The Federal Reserve just bought $43.6 billion in US Treasuries in the span of a single week, sparking concerns that a quiet quantitative easing (QE) operation is already underway.
New documents reveal that the Fed purchased $8.8 billion in 30-year bonds on May 8th via its System Open Market Account (SOMA) – a move that followed a much larger $34.8 billion purchase earlier that same week.
The series of large purchases has triggered allegations that a “stealth QE” program is unfolding. A recent MarketWatch op-ed by Charlie Garcia described the move as “monetary policy on tiptoes.”
The Fed has long maintained that such purchases are routine reinvestments of maturing securities, designed to help adjust the money supply and influence interest rates to meet monetary policy targets.
The Fed’s buying spree comes in the wake of a major sell-off from China
New numbers from the U.S. Treasury Department show that China sold $18.9 billion in U.S. bonds in March, even as most other countries increased their holdings during the same period.
Following the sell-off, China’s holdings now stand at $765.4 billion, placing the country in third place among foreign holders of U.S. debt.
The top two holders are now:
Japan, with $1.13 trillion
The United Kingdom, with $779 billion
China’s reduction in holdings has raised questions about geopolitical motives and economic strategy, while the Fed’s sudden bond purchases have fueled speculation of backdoor liquidity support for U.S. markets.
While the Federal Reserve continues to deny any formal return to quantitative easing, market analysts and commentators are beginning to raise red flags about the scale and timing of these recent purchases.
If these trends continue, the Fed may face increasing scrutiny over whether it is quietly attempting to stabilize markets and artificially suppress long-term interest rates in response to foreign divestment and rising fiscal pressure.
@ Newshounds News™
Source: DailyHodl
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RIPPLE HAILS CRYPTO ETF BOOM AS GAME-CHANGER FOR INSTITUTIONAL ACCESS
Ripple’s CEO breaks it down: crypto ETFs are revolutionizing access for institutional investors and delivering long-sought legitimacy, catapulting digital assets into mainstream financial dominance.
Ripple Unpacks Crypto ETF Surge—Access and Legitimacy Just Changed Everything
Ripple CEO Brad Garlinghouse took the spotlight on Friday in a special episode of Ripple’s “Crypto In One Minute” to address the surging momentum behind crypto exchange-traded funds (ETFs). His remarks focused on the question: “Why are crypto ETFs exciting?” Garlinghouse identified two central drivers behind the growing institutional enthusiasm for these financial products, highlighting both access and legitimacy as key developments transforming the digital asset landscape.
First, Garlinghouse emphasized that ETFs now offer traditional investors a new gateway into crypto markets, stating:
“This was really the first time you had institutions be able to go on Wall Street and trade directly in crypto.”
He explained that for years, institutional investors—ranging from mutual funds to pension funds—were largely sidelined due to the complexities of self-custody and hesitations around using centralized exchanges. With ETFs, capital that was previously locked out can now enter the market through familiar, regulated structures. This shift addresses long-standing access barriers that had limited crypto’s reach into mainstream finance.
Second, the Ripple CEO argued that the emergence of crypto ETFs is helping transform how the sector is perceived, stating:
“It really is institutionalizing the entire industry of crypto.”
Garlinghouse cited the rapid growth of bitcoin ETFs as evidence. This, he suggested, marks a growing acknowledgment of crypto as a serious and legitimate asset class, on par with traditional options like gold ETFs.
A Critical Moment for the Industry
Garlinghouse’s appearance comes at a pivotal time for the crypto industry, following the U.S. Securities and Exchange Commission (SEC)’s approval of bitcoin and ether ETFs, which many view as a gateway to more diverse crypto investment products.
A wave of new filings has recently emerged, including proposals for XRP ETFs, reflecting heightened interest from institutional investors. The growing momentum is further fueled by President Donald Trump’s increasingly pro-crypto stance, and the appointment of crypto-friendly officials, such as the current SEC chairman.
Ripple’s Legal Resolution Adds Momentum
Adding further optimism to the crypto market, the SEC has moved to dismiss its enforcement case against Ripple over XRP—though the court has yet to approve the settlement agreement. The prolonged legal battle had cast uncertainty over XRP’s regulatory status in the U.S.
The anticipated resolution of this case is seen as a step toward regulatory clarity, as Ripple and its supporters anticipate a more stable and transparent environment for digital assets going forward.
@ Newshounds News™
Source: Bitcoin.com
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“Tidbits From TNT” Sunday Morning 5-25-2025
TNT:
Tishwash: Al-Sudani to a congressional delegation: We look forward to developing our relationship with Washington in four areas
Prime Minister Mohammed Shia al-Sudani expressed his aspiration to develop and grow relations with the United States in various fields, particularly in the economic, energy, investment, and cultural sectors, on Saturday.
This came during his reception of US Senators Angus King and James Lankford, and their accompanying delegation, according to an Iraqi government statement received by Noon News Agency.
According to the statement, Al-Sudani stressed the importance of bilateral relations with the United States and expressed his aspiration to develop and grow them across various fields, particularly in the economy, energy, investment, and culture sectors, in light of the Strategic Framework Agreement.
TNT:
Tishwash: Al-Sudani to a congressional delegation: We look forward to developing our relationship with Washington in four areas
Prime Minister Mohammed Shia al-Sudani expressed his aspiration to develop and grow relations with the United States in various fields, particularly in the economic, energy, investment, and cultural sectors, on Saturday.
This came during his reception of US Senators Angus King and James Lankford, and their accompanying delegation, according to an Iraqi government statement received by Noon News Agency.
According to the statement, Al-Sudani stressed the importance of bilateral relations with the United States and expressed his aspiration to develop and grow them across various fields, particularly in the economy, energy, investment, and culture sectors, in light of the Strategic Framework Agreement.
He also referred to the relationship with the international coalition within the framework of talks to transition to a new phase of security cooperation in the field of advisory and capacity-building for the Iraqi security forces.
The Prime Minister noted the clear stability in Iraq, which has been reflected in the economic and development situation, stressing that "the government has taken decisive steps in the oil and gas sector and achieved significant accomplishments that will enhance cooperation and investment with American companies in this field."
The statement also quoted the delegation members as saying that they "congratulated Al-Sudani on Iraq's success in holding the two Arab political and development summits, and the country's potential contribution to achieving regional stability in light of its growing role in this field.
They also expressed their admiration for the remarkable progress in Iraq in terms of construction, reconstruction and development, and the government's success in various fields. They expressed their desire to strengthen cooperation between the two countries in all areas." link
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Tishwash: Economist: No budget schedules and investment projects are at risk of being halted
Economic expert Abdul Rahman Al Mashhadani ruled out the existence of budget schedules for 2025, and that 2026 will also not witness a budget.
Al-Mashhadani confirmed to Al-Furat News Agency that government spending will be done according to the 1/12 rule of the 2024 budget.
Al-Mashhadani pointed out that the 2024 budget deficit is clear and ranges between 15 and 16 trillion dinars.
He explained that "total spending was 156 trillion dinars, while revenues ranged between 140 and 141 trillion dinars, which confirms the clear and known financial deficit."
The economic expert stressed that "the economic situation in general is linked to global oil prices."
Al-Mashhadani explained that "within normal rates, things are proceeding normally," but he warned that "the absence of budget schedules means no spending for investment and commodity aspects."
The economic report predicted that "projects that are currently being spent and implemented may stop, and spending will be limited to salaries only."
Regarding next year's budget, he also expected that "the budget deficit will be lower, given that spending will be restricted to the 1/12 system of what is spent in the 2024 budget." link
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Tishwash: Foreign Minister: Iraq is working to achieve self-sufficiency and energy independence.
Foreign Minister Fuad Hussein affirmed on Saturday that Iraq is working towards achieving energy self-sufficiency and independence, while expressing his regret that a number of Western countries continue to classify Iraq as a high-risk country.
This came during his meeting with US Senators Angus King, an independent from Maine, and James Lankford, a Republican from Oklahoma, according to a statement issued by the Ministry of Foreign Affairs.
The statement quoted Hussein as saying that Iraqi-American relations are strategic, extending from partnership in the war on terrorism to cooperation in reconstruction and enhancing stability in the region, as well as other vital areas, including energy and education.
He also noted Iraq's aspiration to expand the horizons of these relations and increase the presence of American companies to take advantage of promising investment opportunities and contribute to construction and development efforts.
In a related context, the minister affirmed that Iraq is working rapidly to achieve self-sufficiency and energy independence by investing in associated gas, enhancing electricity interconnection projects with neighboring countries, and exploring new gas fields. This will position it as a gas-producing country, in addition to being a major oil producer. In this context, he called on specialized American companies to invest in this strategic sector.
He also pointed out that Iraq is set to hold its sixth legislative elections in November of this year, reflecting the consolidation of the democratic experience among the population and contributing to achieving stability and reconstruction.
Hussein expressed his regret that a number of Western countries continue to classify Iraq as a high-risk country in travel advisories for their citizens, which negatively impacts foreign companies' entry opportunities and hinders the development of tourism and cultural exchange.
On the other hand, the two sides affirmed that the terrorist organization ISIS continues to pose a significant threat to countries in the region and the world alike, and emphasized the importance of unifying international efforts to eliminate it and prevent its return.
They also discussed developments in the ongoing negotiations between the United States and Iran, agreeing that dialogue is the best way to resolve outstanding issues, achieve stability, and avoid escalation and confrontation.
In conclusion, the two parties affirmed their support for a political process in Syria that ensures the establishment of a comprehensive democratic process that reflects the aspirations of the Syrian people and leads to the formation of an elected government that represents the various components of society and protects their rights. link
Mot: The ""Quote "" of the Day!!!!
Mot: Astronomy lesson
Economist’s “News and Views” 5-24-2025
Whole Financial System Is Going To Lock Up | Gregory Mannarino
Liberty and Finance: 5-23-2025
Gregory Mannarino returns to discuss the escalating global financial crisis, emphasizing the symbolic but significant downgrade of U.S. debt.
Mannarino warns of an irreversible downward spiral fueled by unchecked debt expansion, currency devaluation, and artificially low interest rates—all designed to protect central banks at the expense of the public.
He likens the current economic state to a “parasite system,” siphoning wealth from the middle class while inflating bubbles in stocks and real estate that defy fundamentals.
Whole Financial System Is Going To Lock Up | Gregory Mannarino
Liberty and Finance: 5-23-2025
Gregory Mannarino returns to discuss the escalating global financial crisis, emphasizing the symbolic but significant downgrade of U.S. debt.
Mannarino warns of an irreversible downward spiral fueled by unchecked debt expansion, currency devaluation, and artificially low interest rates—all designed to protect central banks at the expense of the public.
He likens the current economic state to a “parasite system,” siphoning wealth from the middle class while inflating bubbles in stocks and real estate that defy fundamentals.
The conversation also explores how systemic risk is being offloaded from governments and corporations onto individuals through pension schemes, market ownership laws, and manipulated inflation data.
Mannarino calls for urgent reforms to restore purchasing power and accountability, asserting that without them, the financial system’s collapse will be both inevitable and catastrophic.
Bitcoin, Gold, Capital Wars & Fear: As July 1st Deadline Nears Banks Are Fighting Basel III
Lena Petrova: 5-24-2025
Gold at $3,000? Try $10,000: The Dollar is Dying and No One’s Ready
Daniela Cambone: 5-24-2025
“We will see over the years the dollar absolutely collapse against the one currency that does not represent anyone else's sovereignty…and that is gold,” says Dr. Thomas Kaplan, CEO and Chairman of NovaGold.
In today’s interview, he tells Daniela Cambone that all fiat currencies are inherently flawed and refers to the U.S. dollar as “double-ply toilet tissue.”
Despite recent price increases, Kaplan believes gold is still in the “foothills” of a broader bull run.
“We will look back on $3,000 gold as a complete gift… the same way as we look back now on the Dow at 3,000 in the late '80s as a gift,” he says.
On the recent ECB's warning about gold, Kaplan sees it as further support for the bullish case. He emphasizes that the rising demand for physical settlement—not just futures contracts—could create a supply squeeze and trigger a major price surge.
Watch the full video to learn more.
Chapters:
00:00 – The Holy Grail of gold deposits
13:26 – Will Gold confiscation happen?
16:02 – Could Canada nationalize tts gold?
17:44 – Is the vulnerability of US dollar the greatest risk?
26:21 – Tom’s prediction for the U.S. economy
29:52 – The Three Pillars of American superpower
35:20 – Will the U.S. dollar lose reserve currency status?
37:18 – The ECB’s warning on gold
Seeds of Wisdom RV and Economic Updates Saturday Afternoon 5-24-25
Good Afternoon Dinar Recaps,
WHY RIPPLE AND XRP COULD BE THE BACKBONE OF THE G20’S FINANCIAL PLAN
▪️Ripple’s XRP and blockchain tech are key to helping the G20 achieve faster, cheaper cross-border payments by 2030.
▪️Adoption of Ripple’s solutions could boost XRP price to $10-$20 in 2025, with potential long-term growth to $1,000.
Good Afternoon Dinar Recaps,
WHY RIPPLE AND XRP COULD BE THE BACKBONE OF THE G20’S FINANCIAL PLAN
▪️Ripple’s XRP and blockchain tech are key to helping the G20 achieve faster, cheaper cross-border payments by 2030.
▪️Adoption of Ripple’s solutions could boost XRP price to $10-$20 in 2025, with potential long-term growth to $1,000.
Ripple’s fast and affordable payment system is gaining traction around the world. A new report highlights that Ripple’s XRP and blockchain payment tech could play a key role in helping the G20 meet its cross-border payment goals by 2030.
A 2025 report from the U.S. Faster Payments Council (FPC) highlights how U.S. payment companies could play a big role in making global payments faster, cheaper, and more reliably.
Global demand is rising for faster, cheaper, and more transparent cross-border payments, and it’s already a $34 trillion market. The G20 is pushing hard to improve this space, seeing it as key to boosting trade, economic growth, and development. They plan to make payments quicker, more affordable, and easier to access.
Goals For 2027 and 2030
They have set clear targets for retail, wholesale, and remittance payments, and aim for major progress by 2027 and 2030. The 2027 and 2030 goals include:
Cutting the cross-border payment costs to 1% or less
Ensuring 75% of payments are completed within an hour
Promoting Inter-Industry Collabs
In order to meet the goals, the US Faster Payments Council (FPC) urges domestic providers to:
Adopt ISO 20022
Embrace interoperability
Use blockchain tech like Distributed Ledger Technology (DLT)
It also stressed points like focusing on financial inclusion and promoting inter-industry collaborations. It specifically noted Ripple and Stellar as key players that could improve the global cross-border payment landscape.
Ripple is reshaping global payments with its RippleNet and XRP-powered tech. As it follows global rules (like ISO 20022) and uses smart blockchain tools, it’s a top pick to help the G20 hit its payment goals.
As more firms adopt Ripple’s solutions, XRP could see big gains from the rising demand. With growing adoption, experts predict $XRP will hit $10-$20 easily in 2025. Reaching $100 could happen, but it is more likely in early 2026. And eventually, as the technology and network expand further, $XRP could reach $1,000.
@ Newshounds News™
Source: Coinpedia
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BRICS VS. US DOLLAR: WHY 2025 IS THE YEAR IT HAPPENS OR IT DOESN’T
Throughout the last several years, the global south has sought ways to de-dollarize the global economy. They have made headway, but the greenback remains the most prominent currency on the planet. This could be why, when it comes to the BRICS bloc taking on the US dollar, 2025 may be the year it either happens or it doesn’t.
For as much as the economic alliance has continued to wage war against the currency, the US dollar’s position has not yet been threatened. Indeed, Brazil even confirmed that its position looks to be secured for much of the next 10 years.
Therefore, if it is unable to make significant gains regarding de-dollarization this year, it may be safe to question if it can ever happen.
BRICS & The US Dollar: Is 2025 The Last Year It Can Truly De-Dollarize The Globe?
The idea of de-dollarization has seemingly been ingrained in the very makeup of the BRICS alliance. The bloc has sought to challenge the global status quo. There may be no bigger aspect of that than the greenback and its position.
Moreover, it is a major reason for tension between the West and the bloc. Specifically, those tensions led US President Donald Trump to threaten 150% tariffs on the group.
The alliance has discussed the creation of its own native trade settlement currency to lessen reliance on the West. It has also promoted the use of national currencies in trade to diversify.
However, the fact of the matter may be that, when it comes to the BRICS bloc and the US dollar, 2025 is the year that they take major strides in de-dollarization, or they may never will.
The BRICS bloc operates on a rotating presidency. This ensures that every country gets a chance to chair the group and lead issues they deem vital. This year lies on Brazil, one of the loudest proponents of lessening US dollar reliance. However, next year India is set to take over the position.
Throughout this year, India has sought to strengthen ties with the United States in a big way. The two nations are expected to announce a new trade deal with depleted tariffs on US imports. Moreover, it has been vehemently against any de-dollarization efforts.
Therefore, it could be a stark end to those efforts. Specifically, if plans to dethrone the dollar don’t make major strides over the next several months, it’s fair to wonder if they ever will.
@ Newshounds News™
Source: Watcher Guru
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