Seeds of Wisdom RV and Economic Updates Friday Morning 6-6-25

Good morning Dinar Recaps,

Former CFTC Chair Warns Digital Asset Clarity Act Could Undermine Main Markets

Former Commodity Futures Trading Commission (CFTC) Chair Timothy Massad warned lawmakers that the Digital Asset Market Clarity Act of 2025 (Clarity Act) could create more confusion than clarity while potentially undermining decades of established securities law. 

In testimony before the House Financial Services Committee, Massad argued that effective digital asset legislation for market structure should follow two simple principles: “do no harm and keep it simple.”

Massad emphasized that any digital asset market structure legislation must not undermine the U.S.’s $120 trillion equity and debt markets, which he described as “the foundation of the U.S. economy and the envy of the world.” He cautioned that “legislation that rewrites the definition of a security or revises the Howey test to promote this technology can easily undermine the markets.”

Clarity Act’s Fatal Flaws

The former regulator identified several ways the Clarity Act violates his core principles:

1. Unstable Decentralization Criteria
   Massad criticized the bill’s excessive reliance on decentralization as a regulatory framework, calling it “unstable ground on which to build a regulatory framework.” He noted it is difficult to define and measure, may change over time, and is not necessarily the right metric for judging innovation.

2. Regulatory Gaps Persist
   The Act fails to address the main oversight gap it claims to solve. While it introduces regulation for “digital commodities,” its definition would apply to only a handful of tokens. Exchanges like Coinbase, Kraken, and Gemini list dozens to hundreds of tokens, many of which would still lack meaningful oversight.

3. Regulatory Arbitrage Risk
   At 236 pages long with dense and complex definitions, the legislation opens doors for regulatory loopholes. Massad warned that “many, many lawyers will spend huge amounts of time developing ways to exploit this legislation.” He urged that legislation should focus on high-level principles and leave detailed implementation to experts.

A Simpler Path Forward

Instead of the Clarity Act’s approach, Massad renewed his proposal for a joint Self-Regulatory Organization (SRO) overseen by both the SEC and CFTC. This entity would regulate “any trading platform or other intermediary transacting in Bitcoin or Ether,” covering all digital tokens traded on those platforms.

The proposed SRO would be:

• Tightly supervised by the SEC and CFTC

• Governed independently, with board members and rules approved by the agencies

• Focused on governance, customer protection, conflicts of interest, and anti-fraud

Massad contended this model would deliver comprehensive investor protection quickly by targeting the centralized platforms that dominate crypto spot markets—all without the definitional chaos embedded in the Clarity Act.

@ Newshounds News™
Source:  Ledger Insights

~~~~~~~~~

BRICS: Oil Giant Eyes Chinese Yuan Bonds, Ignores US Dollar Assets

In a breakthrough shift in the financial sector, the BRICS alliance has paved the way for other countries and leading business institutions to look beyond US dollar-based Treasuries and bonds and buy other Asian-based financial assets. 

Kazakhstan, which participates in BRICS Outreach formats, has allowed its state-run oil and gas company KazMunayGas to eye Chinese yuan bonds, leaving aside the US dollar-based bonds and Treasuries for the first time.

The Chinese yuan bonds are cheaper debt compared to the US-denominated financial assets such as Treasuries and bonds. KazMunayGas is also exploring opportunities to issue debt in Arab countries and buy their bonds in a first-of-a-kind development.

 The credit for this new shift goes to the BRICS bloc as they’re convincing firms that there are more options to explore such as the Chinese yuan than just buying US dollar-based assets.

BRICS: Kazakhstan’s Oil & Gas Firm Eyes Chinese Yuan Bonds, Sidelining US Dollar Assets

KazMunayGas is looking to explore cheaper borrowing terms and usher the oil and gas industry into a new era. Reducing US dollar-denominated assets was the primary goal of BRICS and now other countries are following suit.

“We looked at all options. Currently, there is a possibility to sell dim sum, and panda bonds,” said CEO Askhat Khassenov to Bloomberg. “Dim sum and panda bonds offer rather good conditions,” said Khassenov.

For the uninitiated, dim sum bonds refer to notes denominated in the offshore Chinese yuan. It mainly trades outside mainland China. In addition, panda bonds are yuan debt sold by foreign borrowers in China’s domestic market. It might not take much time before state-run oil firms from BRICS countries start eyeing Chinese yuan bonds.

The BRICS development will add a dent in the US dollar-denominated assets while Chinese yuan bonds go for the win. This is the first such instance where the yuan assets are being considered—and might not be the last either.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

“Tidbits From TNT” Friday Morning 6-6-2025

TNT:

Tishwash:  Rafidain Bank is preparing to distribute Eid gifts to more than 50,000 of its most engaged users.

 Rafidain Bank is preparing to distribute Eid gifts to more than 50,000 customers who are the most engaged in using electronic cards to save and shop instead of using cash.

Your Eidiya is on us... Rafidain Bank is preparing to distribute Eidiya to more than 50,000 customers, the most engaged users of electronic cards for saving and shopping instead of cash.

In a qualitative step aimed at supporting the culture of electronic payment and encouraging citizens to abandon traditional cash transactions,

Rafidain Bank is launching the "Your Eidiya is on Us" campaign to coincide with Eid al-Adha. The campaign includes cash rewards for thousands of customers who use their e-cards for purchases.

This initiative aligns with the Prime Minister's directives urging banks and payment companies to develop effective incentive mechanisms that contribute to accelerating the transition to a cashless digital economy and fostering a culture of savings and the smart use of modern banking tools.

The bank plans to distribute Eidiya gifts to more than 50,000 active customers using electronic cards, according to a structured regulatory system that adopts precise standards of fairness and transparency.

Rafidain Bank... Towards a digital society and banking services worthy of citizens' trust.  link

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

Tishwash:  Hidden fingers are tampering with the relationship between Baghdad and Erbil... Efforts to abort Al-Sudani's second term before it matures - 

Political researcher Nabil Al-Azzawi revealed on Wednesday (June 4, 2025) that there are political parties working behind the scenes to stir up tensions and disputes between Prime Minister Mohammed Shia Al-Sudani and the Kurdish forces in Kurdistan, in an attempt to block the renewal of his term for a second term.

Al-Azzawi told Baghdad Today, "There are political parties that do not want the elections scheduled for November 11 to take place, and they are seeking by all means to place artificial obstacles in the way of the government."

He pointed out that "these parties are working to undermine the growing trust between al-Sudani and the Kurdish forces, as they believe that an understanding between the two parties strengthens al-Sudani's chances of remaining in office for a second term."

He added, "Since assuming office, the Prime Minister has placed the relationship between Baghdad and Erbil at the top of his priorities. His first move was toward the Kurdistan Region, where he launched the 'Sustainable Solutions' initiative as an alternative to the policy of recurring crises. This has worried some forces that do not see a solution to these issues in their best interest."

Al-Azzawi explained that "Al-Sudani is making clear strides toward removing the outstanding issues," noting that "an expanded technical meeting is expected to be held in Baghdad, with the attendance of an official delegation from the region, to discuss a number of outstanding issues, including the push for the enactment of an oil and gas law, which would end many crises and open the door to radical solutions regarding the disputed areas and Article 140 of the constitution."

The political researcher emphasized that "leaving these issues unresolved threatens the political stability Iraq currently enjoys, especially in light of the complex regional circumstances," asserting that "inciting conflicts at this time only serves narrow agendas, while citizens today need services and development, not escalation and conflict."

Al-Azzawi pointed out that "there are multiple internal parties, some of them from within the Coordination Framework, seeking to obstruct al-Sudani's rapprochement with the Kurds, due to their awareness that the support of Kurdish and Sunni forces puts him in a strong position to secure a second term, something these parties do not desire, as they are working to shuffle the political cards to preserve their own interests."

Observers believe that since assuming the premiership in October 2022, Prime Minister Mohammed Shia al-Sudani has sought to adopt a comprehensive de-escalation policy and prioritize dialogue to resolve outstanding issues, particularly between the federal government in Baghdad and the Kurdistan Regional Government.

 His first official visit was to Erbil, a clear indication of his desire to open a new page with the region.

During his tenure, Al-Sudani focused on thorny issues such as the oil and gas law, disputed territories, and the implementation of Article 140 of the constitution. These issues have been a source of tension between the two sides for years.

As the local elections approach and talk escalates about the possibility of renewing al-Sudani's term for a second term, a counter-political movement has begun to emerge, seeking to undermine this process by re-escalating tensions with the region and raising contentious issues as part of the power struggle between political forces within and outside the Coordination Framework.  link

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

Tishwash:  US calls on Baghdad to negotiate quickly: Iraq's independence from Iranian influence comes through Kurdistan's gas

The US State Department considered, on Thursday, that the recent agreements concluded by the Kurdistan Regional Government with American companies to develop natural gas production constitute an important step towards addressing the chronic imbalance in the Iraqi energy sector, calling on Baghdad and Erbil to urgently coordinate to accelerate project implementation and enhance Iraq's energy independence.

A ministry official told Shafaq News Agency, "The United States believes that Iraq will be more stable and sovereign by achieving energy independence and distancing itself from Iran's harmful influence."

He added, "The agreements recently signed by Kurdistan Regional Government Prime Minister Masrour Barzani with American companies to expand natural gas production in Iraqi Kurdistan support this goal," noting that "these projects, whether in the region or across the rest of the country, are in the interest of all Iraqis, especially in light of the ongoing electricity crisis."

The US official continued, "We encourage Baghdad and Erbil to work together to begin gas production as soon as possible."

The Kurdistan Regional Government announced the signing of two agreements with American companies HKN Energy and WesternZagros to develop the Miran and Topkhana-Kurdimir fields in Sulaymaniyah Governorate, with a total value estimated at approximately $110 billion, in one of the largest deals in the region's energy sector.

The agreements aim to exploit natural gas resources more widely to meet the region's and Iraq's electricity needs and reduce reliance on Iranian gas imports.

The move sparked protests from the federal government in Baghdad, with the Iraqi Oil Ministry describing the agreements as "null and void," noting that natural resource management falls solely within the purview of the federal government.

Investment efforts in Iraq's energy sector face recurring legal and political challenges, given the absence of a federal law regulating the management of natural resources between the central government and the region.

The energy crisis is one of the most significant challenges facing Iraq, with most of the population suffering from frequent power outages, which worsen during the summer months. Iraq relies heavily on gas imported from Iran, at a time when supplies are affected by political and economic factors, most notably regional tensions and mounting debt issues.

Relations between Baghdad and Kurdistan have recently become strained, particularly after the signing of the gas contract with Washington. The Iraqi Ministry of Finance announced it would halt funding for the salaries of Kurdistan Region employees until May 2025, citing the region's exceeding its budget share and its failure to deliver oil and non-oil revenues to the federal government.

In contrast, the Kurdistan Regional Government (KRG) considered the decision politically motivated and a violation of the constitution and Federal Court rulings. The KRG asserted that Baghdad had failed to honor its financial commitments despite Erbil's previous commitments, and that the decision directly impacts more than 1.2 million employees ahead of Eid al-Adha.  link

Mot:  .. Good Grief!!! – LOL 

Mot: Say!!! -- Are U Up to Speed on Ur ""ABCs""

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 6-5-25

Good Afternoon Dinar Recaps,

RWA Token Market Grows 260% in 2025 as Firms Embrace Regulating Crypto

RWAs are benefiting from increasing U.S. crypto regulatory clarity, which has pushed the tokenization sector past $23 billion.

The tokenization of real-world assets (RWAs) surged in the first half of 2025 as increased regulatory clarity fueled broader adoption of blockchain-based financial products.

Real-world asset tokenization refers to financial and other tangible assets minted on the immutable blockchain ledger, increasing investor accessibility and trading opportunities for these assets.

The RWA market surged more than 260% during the first half of 2025, surpassing $23 billion in total valuation. It stood at just $8.6 billion at the beginning of the year, according to a Binance Research report shared with Cointelegraph.

Tokenized private credit led the RWA market boom, accounting for about 58% of the market share, followed by tokenized U.S. Treasury debt at 34%.

“As regulatory frameworks become clearer, the sector is poised for continued growth and increased participation from major industry players,” the report said.

Although RWAs currently lack a dedicated regulatory framework and are considered securities by the U.S. Securities and Exchange Commission (SEC), the sector is still benefiting from broader regulatory developments in crypto.

On May 29, the SEC issued new guidance on cryptocurrency staking, a move widely interpreted as a sign of “more sensible regulation.” Alison Mangiero, head of staking policy at the Crypto Council for Innovation, called the guidance a “significant win” for the industry.

The market is also awaiting a full Senate vote on the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which seeks to establish clear rules for stablecoin collateralization.

Other analysts cited Bitcoin’s temporary price consolidations as a major driver for RWA growth, positioning the sector as a safer investment option with more predictable yields.

Corporate FOMO Fuels Bitcoin Balance Sheets

A renewed corporate “FOMO” — fear of missing out — is inspiring more companies to adopt Bitcoin on their balance sheets.

As of now, at least 124 public companies hold Bitcoin as part of their corporate treasury, according to data from BitcoinTreasuries.NET.

While the summer may typically slow crypto activity, Binance Research noted that broader macro conditions and regulation will dictate the speed of future corporate adoption. They explained:

“Corporate BTC adoption is driven by long-term balance sheet strategy, treasury diversification and capital-raising activity.”

Long-term perspectives — not short-term liquidity or seasonal trends — are expected to continue shaping how and when corporations move to integrate Bitcoin into their financial frameworks.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

BRICS vs G7: Who Is Richer in 2025?

BRICS is competing with G7 to take on the monetary world and influence trade policies to its benefit. The alliance is a towering figure in the global markets threatening the global financial order. The ultimate goal is to tilt the power from the West to the East and usher the world into a new financial order. Now that BRICS is competing with G7 on the international stage, let’s see which alliance is richer in 2025.

Richest Alliance in 2025: G7 or BRICS?

1. Alliance Overview

• BRICS Members (10 countries): Brazil, Russia, India, China, South Africa, Egypt, United Arab Emirates, Ethiopia, Indonesia, and Iran

• Population: 3.5 to 4 billion (40–45% of world)

• Strengths: Natural resources, energy dominance, rising middle class, growth potential

• G7 Members (7 countries): United States, Canada, France, Germany, Italy, Japan, and the United Kingdom

• Population: 800 million (10% of world)

• Strengths: Wealth, controls global financial institutions, wider financial influence, technological supremacy

2. Economic Comparison in 2025

• BRICS:

• Nominal GDP: $30–32 trillion

• GDP in Purchasing Power Parity (PPP): $60–65 trillion

• Global GDP Share: 30% (Nominal), 35% (PPP)

• G7:

• Nominal GDP: $45–50 trillion

• GDP (PPP): $45–47 trillion

• Global GDP Share: 45% (Nominal), 30% (PPP)

3. Final Verdict: So Who Is Richer?

The final verdict goes to G7 and not the BRICS alliance, as the Western bloc remains richer in traditional economic terms. It is an economic superblock with real-world financial leverage that can make or break global markets. The G7 controls global banking and financial institutions worth trillions of dollars, with higher per-capita wealth and global geopolitical dominance.

On the other hand, BRICS is rising in power but still lacks per-capita wealth and is struggling to gain cohesive global influence. The alliance is also divided on internal policies, while the G7 remains a closely knit, coordinated economic force.

@ Newshounds News™
Source:  Watcher.Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Investors are Betting on a US Default

Investors are Betting on a US Default

Heresy Financial:   6-4-2025

The US debt ceiling has once again been breached, reigniting anxieties about the nation’s fiscal stability. While many dismiss the possibility of a US default, a growing number of investors are taking the threat seriously, re-evaluating their strategies and exploring hedges against potential economic turmoil.

Heresy Financial recently highlighted the reasons behind this rising concern, suggesting that a US default, while still unlikely, isn’t entirely off the table.

The recurring drama surrounding the US debt ceiling, the legal limit on the total amount of money the US government can borrow, is nothing new. However, each time the ceiling is approached, it serves as a stark reminder of the nation’s mounting debt obligations and the potential for political gridlock to trigger a crisis.

While historically, the US has always found a way to raise the debt ceiling, the current political climate and the sheer magnitude of the national debt are fueling skepticism. The government’s ability to navigate these challenges hinges on bipartisan cooperation, a commodity in increasingly short supply.

Historically, US Treasury bonds have been considered the safest investment in the world. However, the constant debt ceiling debates and the accelerating pace of debt accumulation are eroding the confidence of foreign investors. This waning confidence could lead to decreased demand for US debt, potentially driving up interest rates and exacerbating the problem.

A US default doesn’t necessarily mean the government will be unable to pay its bills entirely. More likely, it would manifest as delays in payments to bondholders, social security recipients, government employees, and contractors. The ripple effects would be devastating, potentially triggering a global recession, disrupting financial markets, and severely damaging the US’s reputation as a reliable economic partner.

One of the most concerning trends is the rate at which US Treasury debt is growing compared to the nation’s GDP. When debt grows faster than the economy, it becomes increasingly difficult to service the debt without imposing significant burdens on future generations.

As interest rates rise, the cost of servicing the US debt becomes increasingly burdensome. A significant portion of the federal budget is already allocated to interest payments, and this figure is projected to grow substantially in the coming years. This puts a strain on other vital government programs and limits the government’s ability to invest in future economic growth.

Throughout history, gold has often served as a safe haven during periods of economic uncertainty and debt crises. As a tangible asset with limited supply, gold tends to hold its value when currencies depreciate and other investments lose their appeal. Many investors are increasingly turning to gold as a hedge against the potential fallout from a US default.

History is replete with examples of government defaults, from ancient Rome to modern-day Argentina. These defaults serve as cautionary tales, highlighting the severe economic and social consequences that can result from unchecked debt and unsustainable fiscal policies. Understanding these historical precedents can help investors better assess the risks associated with a potential US default.

While a US default remains a low-probability event, the growing concerns surrounding the national debt and the political landscape are prompting investors to re-evaluate their risk assessments and consider strategies to protect their portfolios.

By understanding the underlying risks and learning from history, investors can better navigate the uncertainties and position themselves to weather any potential economic storms on the horizon. The key takeaway is not to panic, but to be prepared and proactive in managing risk in an increasingly complex global financial environment.

https://youtu.be/s77jl6p24OE

Iraq Economic News And Points To Ponder Thursday Morning 6-5-25

Minister Of Trade: Iraq's Accession To The World Trade Organization Is A "Strategic Step"
Economy | 03/06/2025  Mawazine News - Baghdad -  The Ministry of Trade confirmed, on Tuesday, that Iraq's accession to the World Trade Organization is a "strategic step."

Ministry spokesman Mohammed Hanoun told Mawazine News that "Minister of Trade Atheer Al-Ghurairi announced today that Iraq has made significant progress in its accession process to the World Trade Organization.

" Hanoun added that "the minister explained that the national team responsible for completing the accession requirements has completed answering more than 450 technical questions submitted by the organization's members, which reflects Iraq's serious commitment and transparency in dealing with the requirements of this important international process."

Hanoun confirmed that the minister indicated that "the national team is fully prepared for the next round of meetings with the organization's General Secretariat and members of the working groups, and will represent Iraq with a unified position based on a national economic vision that seeks disciplined integration into the global economy."

+The minister also noted that "accession to the World Trade Organization constitutes a strategic step to support the business environment, stimulate investment, and develop productive sectors, especially industrial and agricultural, thus enhancing Iraq's economic position regionally and internationally."

Hanoun concluded, "The Minister reiterated that the Ministry of Commerce, in coordination with relevant ministries and institutions, will continue its technical and diplomatic efforts to ensure the best results in the service of the supreme national interest."  https://www.mawazin.net/Details.aspx?jimare=262133

A Government Advisor Explains The Importance Of Increasing The Link Between Mineral Investment And The Development Of Manufacturing Industries

Economy | 04/06/2025   Mawazine News - Baghdad -  The Prime Minister's Financial Advisor, Mazhar Mohammed Salih, explained today, Wednesday, that Iraq is moving towards diversifying its GDP sources by expanding investment in the mining sector, while stressing the importance of increasing the link between mineral investment and the development of national manufacturing industries.

Salih said in a statement followed by Mawazine News that "Iraq is moving towards diversifying its GDP sources by expanding investment in the mining sector, a sector that has been neglected for decades.

The government has signed memoranda of understanding with reputable international companies in the fields of mineral exploration and investment, especially in the fields of phosphate, sulfur, lithium and copper. This is within the framework of the strategic directions of the Iraqi government program to diversify sources of national income and optimally exploit the country's wealth."

He added, "Investment in the mining sector will contribute to attracting billions of dollars in fields ready for development, such as sulfur, phosphate, lithium, and other minerals."

He pointed out that "Iraq ranks first in the world in terms of the concentration of natural resources per square kilometer, and ninth in the world in the value of various natural resources, with an estimated value exceeding 16 trillion US dollars, according to published global estimates."

He explained that "the various reserves of land wealth constitute a diverse stock of minerals, foremost among which is phosphate: its reserves are estimated at more than 10 billion tons, and our country is second in the world in terms of reserves, and is concentrated in the Akashat area in Anbar Governorate. Second is free sulfur:

our country enjoys large reserves in Mishraq in Nineveh Governorate, which is considered one of the largest free sulfur fields in the world. The third is silica: in the Najaf region and western Iraq, and is used in the glass, electronics, and semiconductor industries. It is one of the most important and purest reserves in the world, according to published international estimates."

He continued: "Likewise, iron, manganese, copper, and gold are distributed across various regions of Iraq, especially in the Kurdistan Region and the western and central borders, except for southern Iraq, which possesses vast reserves of other rare natural resources."

He pointed out that "the policy of diversifying the national economy through the extraction and processing of mineral resources for national industries, and then adopting their export by maximizing (value-added chains) in manufacturing or semi-manufacturing industries, will add at least 10 percent to the GDP in the first phase."

He pointed out that "the percentage will then increase to form, over time, one of the pillars of diversifying national income sources, especially if the link between mineral investment and the development of national manufacturing industries grows, such as fertilizer, aluminum, glass, electronics, and battery industries related to renewable energy, in addition to the introduction of foreign capital, advanced technology and digital services, the provision of national job opportunities, and investment in the Iraqi people as a productive national energy." https://www.mawazin.net/Details.aspx?jimare=262148

Headed By The Prime Minister, The Higher Committee For Reconstruction And Investment Approves Several Projects

Economy | 04/06/2025   Headed by the Prime Minister, the Higher Committee for Reconstruction and Investment approves several projects.   https://www.mawazin.net/Details.aspx?jimare=262166

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

“Tidbits From TNT” Thursday Morning 6-5-2025

TNT:

Tishwash:  The Central Bank directs banks not to suspend their work except by a decision from the Federal Government

The Central Bank of Iraq directed banks and financial institutions not to suspend their work except by a decision from the federal government, not by holidays granted by local governments. 

Shafaq News Agency obtained a document signed by the acting deputy governor, Ammar Hamad Khalaf, and addressed to all authorized banks and non-banking financial institutions, which stated: “Based on Board of Directors Resolution No. (105) of 2025, it was decided that you (the general administration and branches) are committed to the official holidays determined exclusively by the federal government

In order to ensure the smooth flow of banking and financial services provided to citizens, and due to the nature of the connection between the work of various financial institutions and the work of this bank.”

Under this decision, all banks and financial institutions must adhere to official working hours when there is a holiday granted by the local governments in Baghdad and other provinces.  link

Tishwash:  The Central Bank signs a training agreement with the British Council.

The Central Bank of Iraq announced today, Wednesday, the signing of a training agreement with the British Council.

Al-Yenk said in a statement followed by Al-Masry, “Under the patronage of the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, the Central Bank of Iraq signed a training cooperation agreement between the bank and the British Council, in the presence of the British Ambassador to Iraq, Irfan Siddiq.

The agreement was signed on behalf of the Central Bank by the Director of the Human Resources Affairs Directorate, Falah Salim, and on the British side by the Director of the British Council, Ben Luton, and the Country Director of the British Council.”

He pointed out that "this agreement comes within the framework of enhancing joint cooperation between the two parties, aiming to develop the capabilities of Central Bank of Iraq employees in the field of the English language, through organizing specialized training courses in cooperation with the British Council, which contributes to raising linguistic proficiency and enhancing professional communication at the regional and international levels." link

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

Tishwash:  The Liquidity Problem: Between the Central Bank's Response and the Effects of the Rent Model

Dr. Haitham Hamid Mutlaq Al-Mansour

Macroeconomic policy faces a liquidity and financing problem that directly impacts various aspects of economic and living life. The roots of this problem lie in accumulated structural imbalances that make it difficult to achieve sustainable financial stability. The declining capacity of the productive base has limited the accumulation of fixed capital and the contribution of real non-oil sector output, favoring near-total reliance on oil revenues, which constitute more than 90% of state revenues, to pay for imports.

 Because Iraq's traditional economic equilibrium cycle is virtually non-existent, liquidity management will be constrained by oil revenues. This situation makes the general budget's performance vulnerable to the shocks of fluctuating global oil prices, causing immediate financial crises manifested in the difficulty of financing projects and delayed payments for operational expenditures.

In the face of this challenge, the Central Bank's efforts to address it stand out through steps to reform the banking system and enhance banks' ability to manage liquidity by promoting financial inclusion, increasing banking sector productivity, creating a healthy competitive environment, and strengthening the banking system's ability to address risks.

 To sustainably address the liquidity and financing shortages at the strategic level, real technical reforms and an investment-attractive climate are required. The future of liquidity, therefore, depends on the ability of macroeconomic policy to unshackle rents, implement radical reforms in financial management, stimulate productive sectors, and direct spending.

Therefore, the liquidity shortage represents a complex phenomenon that goes beyond a temporary shortage of liquidity. It reflects deep structural imbalances in the financial and monetary structure, which requires an analysis that explores its structural roots, as follows:

The expansion of government spending in multiple directions, the most dangerous of which is the continued and clearly flabby employment within government institutions, and the failure to control, rationalize, and discipline spending within the constraints of basic budget items. This requires a genuine boost to private sector growth and freeing it from the "crowding-out effect."

The rentier nature of the economy, its overwhelming reliance on rentier revenues in the general budget, and the limited diversification of revenue sources outside this sector have reinforced the budget's dependence on fluctuating revenues from this sector, leading to a persistent government deficit.

The banking system's reduced flexibility in stimulating savings and deposits, which in turn reduces the ability of Iraqi banks to absorb liquidity from individuals in the form of deposits and savings.

The limited stability of the investment environment due to bureaucracy and legal gaps discourages investors from investing in important sectors, particularly infrastructure projects, which can generate external savings for investment activity, increase real GDP growth rates, and raise the level of fixed capital formation.

Implications of the growth of the informal economy: The informal economy is estimated to represent approximately 34% of GDP in the parallel currency market, controlling approximately 40% of dollar transactions. This increases the leakage of liquidity outside the formal economy's income cycle, which is targeted by budget allocations.

Iraq's 2023 budget amounted to approximately 198.9 trillion dinars, with a deficit of 65 trillion dinars, while the 2024 budget reached 211.8 trillion dinars, with a deficit of 84 trillion dinars. The 2025 budget was allocated due to the decline in global oil prices. Iraq exports approximately 100 million barrels of oil per month, and its price fluctuates, ranging between $68 and $72 last year. During the first 11 months of 2024, oil revenues amounted to 119 trillion dinars, at a monthly rate of approximately 10 trillion dinars, which was used to cover operating expenses. This exacerbated the growing government deficit, which is reflected in limited liquidity to cover budget expenditures, leading to an increase in government debt as the deficit grows.

It can be concluded from the above that technical measures, despite their importance and rapid response in the monetary and financial sectors to address the liquidity problem, remain limited as a long-term strategy for sustainable financing unless they are accompanied by deep, gradual reforms in the financial and real sectors that address the roots of the structural crisis and create a new formulation for the development financing approach. This approach works to develop a path for generating added value for the non-oil GDP and planning policies to develop this sector, increasing its productivity and exports while reducing imports by the same percentage.

The future of long-term development financing in Iraq depends on the economic system's ability to recover from a "rentier model" to a "diversification model."  link

Mot:  Finally - Ya Gets to Retire... Sleep in Late, Play Golf! -- then this Happens 

Mot:  Why I Asked!!! --- Why ???? 

MM & Crew: Iraq Dinar Update-World Trade Organization-Global Economy- Kurds Oil & Gas Law-Budget tables 2025

MM & Crew:  Iraq Dinar Update-World Trade Organization-Global Economy- Kurds Oil & Gas Law-Budget tables 2025

6-4-2025

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=cdmvelN4Tr0

Iraq Economic News And Points To Ponder Wednesday Evening 6-4-25

Economist: The Decline In The Dollar Exchange Rate Reflects The Strength Of The Iraqi Dinar

Time: 2025/06/04 Reading: 1,920 times  {Economic: Al Furat News} Economic expert, Duraid Al-Anzi, confirmed that the recent decline in the dollar exchange rate is an indicator of the strength of the Iraqi dinar and means that prices may fall, but this decline is modest and fluctuates between rising and falling.

Al-Anzi told Al Furat News Agency, "The government, in general, does not impose its control over prices, as they vary from one region to another without government intervention."

He added, "The recent decline in the dollar was not due to practical economic reasons or any action by the government or the Central Bank to lower the dollar price, but rather due to market exchange."LINK

A Slight Decline In The Dollar Price In Local Markets With The Closing Of The Stock Exchange.

Wednesday, June 4, 2025 | Economic Number of readings: 24  Baghdad / NINA / The dollar prices decreased slightly in the markets of Baghdad and Erbil, this evening, with the closing of the stock exchange.

The dollar prices recorded 141,250 dinars for $100 at the close of the Al-Kifah and Al-Harithiya stock exchanges, while this morning it recorded 141,300 dinars for $100.

While the selling prices in exchange shops in the local markets in Baghdad stabilized at 142,250 dinars for $100, and the purchase price was 140,250 dinars for $100.

In Erbil, the dollar also decreased, as the selling price reached 141,200 dinars for every $100, and the purchase price was 141,000 dinars for $100. https://ninanews.com/Website/News/Details?key=1231813

After The Dollar... Gold Prices Fall In Baghdad

Economy | 04/06/2025  Mawazine News – Baghdad  Foreign and Iraqi gold prices have decreased in local markets in Baghdad.

Gold prices in the wholesale markets on Al-Nahr Street in Baghdad this morning recorded a selling price of one mithqal of 21 karat Gulf, Turkish and European gold at 666,000 dinars, and a purchase price of 662 dinars. Yesterday, Tuesday, prices were recorded at 669,000 dinars.

The selling price of one mithqal of 21 karat Iraqi gold was recorded at 636,000 dinars, and a purchase price of 632,000.

As for gold prices in jewelers' shops, the selling price of one mithqal of 21 karat Gulf gold ranges between 670,000 and 680,000 dinars, and the selling price of one mithqal of Iraqi gold is between 640,000 and 650,000 dinars.   https://www.mawazin.net/Details.aspx?jimare=262152

Despite The Global Decline In Oil Prices, Basra Crude Prices Rose.

economy | 04/06/2025   Muzine News - Follow-up  Basra Heavy and Medium crude oil prices rose on Wednesday, despite the decline in global oil prices.

Basra Heavy crude rose by 99 cents, or 1.64%, to reach $61.41 per barrel, while Basra Medium crude also rose by 99 cents, or 1.56%, to reach $64.36 per barrel.

This rise comes despite the decline in global oil prices, as Brent crude futures fell to $65.40 per barrel, and US West Texas Intermediate crude fell to $63.16 per barrel.

The global decline is attributed to concerns about increased production by the OPEC+ alliance, in addition to tensions related to tariffs that threaten the global economic outlook, while concerns about Canadian supplies provided support for prices. https://www.mawazin.net/Details.aspx?jimare=262144

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

Greg Weldon: We have Crossed the Debt Macro Event Horizon

Greg Weldon: We have Crossed the Debt Macro Event Horizon

Palisades Gold Radio:  6-4-2025

Tom welcomes back Greg Weldon, a seasoned financial market veteran and publisher of 'The Global Macro Strategy Report' .

They discuss the critical themes shaping the global economy in 2025. Highlighting Scott Bessent's remarks, Weldon explains that the U.S. government will never default on its debt, and instead will perpetually devalue the currency to service its obligations.

He warns that the country has however crossed a "macro event horizon," where it is trapped in a gravitational pull of debt that grows unsustainably relative to GDP.

Weldon points to $54 trillion in combined public and household debt—186% of GDP—as evidence of this precarious situation.

With foreign buyers losing appetite for U.S. assets, the Fed may become the last resort buyer of Treasuries, perpetuating the cycle of money printing. He notes that foreign ownership of U.S. bonds remains low, leaving domestic institutions to absorb much of the burden.

The conversation delves into inflation and its drivers. Weldon argues that while energy prices remain subdued due to base effects, food inflation and service sector pressures pose significant risks.

He also questions whether higher inflation expectations can be anchored, given the Fed's challenges in balancing monetary policy with economic growth.

Weldon predicts that the Fed will increasingly prioritize preventing debt deflation over controlling inflation, leading to further dollar depreciation.

Weldon expresses skepticism about a gold-backed dollar or bond solution, noting that U.S. gold reserves are insufficient to cover deficits meaningfully. Instead, he highlights gold and silver as potential beneficiaries of currency debasement, with silver poised for a breakout after years of underperformance.

He also touches on global trends, such as Europe's rise as a safer haven and the BRICS nations' growing interest in dollar system alternatives.

Ultimately, Weldon paints a picture of a world teetering on debt-driven instability, where central banks are forced to choose between reflating economies or facing collapse.

Time Stamp References:

0:00 – Introduction

 0:45 - Bessent & Default Risk

4:55 - Moody's Downgrade

7:12 - U.S. Debt Refinancing

9:40 - Foreign Debt Buyers?

12:20 - Japan's Bond Issues

 15:03 - Solutions & Gold Std?

16:55 - Equities & Silver

20:30 - The Fed Catch 22

24:25 - Fwd Inflation Drivers?

27:54 - Debt Saturation & Ceilings

 34:50 - Polarization & Extremes

38:50 - Wrap Up

https://www.youtube.com/watch?v=eCB3lodiEqM

Iraq Economic News And Points To Ponder Wednesday Afternoon 6-4-25

Central Bank Of Iraq: No Shortage Of Liquidity, And Foreign Exchange And Gold Reserves Are On The Rise.
 
June 2, 2025  Baghdad/Iraq Observer  The Central Bank confirmed on Monday that  liquidity is fully available, while noting that  reserves have exceeded $100 billion.
 
“Liquidity is fully available, whether in Iraqi dinars or US dollars, and   there is no shortage in this regard,” said Mohammed Younis, the bank’s general manager of investments, in a press statement monitored by the Iraq Observer.

He pointed out that “the Central Bank’s reserves have exceeded $100 billion, in addition to Iraq’s large gold reserves, exceeding 163 tons.” Younis added,
 
"The Central Bank   
     is not an investment entity, but rather
     is responsible for managing Iraq's foreign exchange reserves," explaining that
 
"the goal of these reserves is not to generate profits,
but rather to ensure reasonable returns." He continued,
 
"The reserve 
     is managed according to well-thought-out policies based on high security standards, and 
     is invested in safe financial instruments that generate acceptable returns." He emphasized that
 
"Iraq is on a sound economic path."     https://observeriraq.net/المركزي-العراقي-لا-شحّة-في-السيولة-واح/  

Al-Ghariri: Iraq Is Getting Closer To Membership In The World Trade Organization.
 
Tuesday, June 3, 2025 | Economic     Number of readings: 7  Baghdad/ NINA / Minister of Trade, Atheer Al-Ghariri, announced that  Iraq has made significant progress on its path to joining the World Trade Organization, stressing Baghdad's serious commitment and transparency in meeting the requirements of this important international process.  

Al-Ghariri explained in a statement that "the national team tasked with completing the accession requirements has completed answering more than 450 technical questions submitted by the organization's members, which reflects Iraq's commitment to achieving this strategic goal." 

The minister added, "The national team is fully prepared for the next round of meetings with the organization's General Secretariat and members of the working groups," stressing that
 
Iraq will be represented with a unified position based on a national economic vision aimed at orderly integration into the global economy. Al-Ghariri pointed out that
 
"joining the World Trade Organization represents a strategic step to
 
     support the business environment,
     stimulate investment, and
     develop productive sectors, particularly industrial and agricultural sectors, which
 
will enhance Iraq's economic standing regionally and internationally."  He continued:
 
"The Ministry of Commerce, in coordination with the relevant ministries and institutions,
will continue technical and diplomatic work to ensure the best results that serve the supreme national interest."  /End 8    https://ninanews.com/Website/News/Details?key=1231649  

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

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

Good Morning Dinar Recaps,

SEC CHAIR PAUL ATKINS SAYS IT'S A ‘NEW DAY’ FOR THE AGENCY, CALLS FOR ‘RATIONAL’ CRYPTO REGULATION

Paul Atkins is promising a “rational” approach to rulemaking instead of enforcement, as lawmakers eye sweeping reforms.

▪️ SEC Chair Paul Atkins said Tuesday the agency will prioritize "clear rules of the road" for crypto.
▪️ He testified that investor protection and innovation require regulatory clarity.
▪️ But some lawmakers are pushing for the CLARITY Act to shift oversight away from the SEC.

U.S. Securities and Exchange Commission Chair Paul Atkins is continuing on his crusade to bring a “new day” to the SEC and shift the agency's stance toward digital assets.

Testifying before the Senate Appropriations Subcommittee on Financial Services and General Government on Tuesday, Atkins vowed to pursue a "rational regulatory framework" for crypto assets, prioritizing rulemaking and transparency over enforcement actions.

“Clear rules of the road are necessary for investor protection against fraud—not the least to help them identify scams that do not comport with the law,” he said.

“Policymaking will be done through notice and comment rulemaking, not through regulation-by-enforcement,” Atkins added.

Atkins, a veteran of the SEC, was confirmed in April after a lengthy and partisan nomination process.

His return marks a stark departure from the approach taken by his predecessor, Gary Gensler, whose tenure was marked by enforcement actions against crypto firms and a broad interpretation of securities laws that made him unpopular with the crypto industry.

Since Gensler’s exit, the SEC has dropped several high-profile lawsuits, first under interim chair Mark Uyeda and then under Atkins, and has issued guidance for multiple categories of crypto, including exempting certain staking activities from securities regulation.

The agency's evolving posture comes amid growing momentum in Congress to strip the SEC of its authority over crypto altogether.

Last week, lawmakers introduced the CLARITY Act, which would amend securities laws to exempt most crypto assets from SEC jurisdiction and establish a new legal framework.

“Our bill secures American dominance, democratizes digital assets, unleashes innovation, and protects consumers from fraud,” said Rep. Bryan Steil (R-WI), chair of the House’s Financial Services Subcommittee.

However, Democratic staffers on the House Financial Services Committee have criticized the SEC for withholding an impact analysis of the bill, raising concerns that the proposal could create loopholes for traditional finance under the guise of blockchain adoption.

Atkins acknowledged the shifting legislative landscape but emphasized the role of the SEC's new Crypto Task Force and upcoming DeFi roundtable in supporting innovation.

"I anticipate benefits from this market innovation for efficiency, cost reduction, transparency, and risk mitigation," he said.

@ Newshounds News™
Source: Decrypt

~~~~~~~~~

Trump's CFTC Pick Brian Quintenz Set for Senate Hearing on June 10

Brian Quintenz, head of global policy at a16z crypto and former CFTC commissioner (2017–2021), is scheduled to appear before the Senate Agriculture Committee for his nomination hearing on June 10 at 3:00 p.m. The hearing could pave the way for his return—this time as Chair of the U.S. Commodity Futures Trading Commission (CFTC).

Trump’s Nominee Pushes for Senate Support

In February, former President Donald Trump nominated Quintenz to lead the CFTC. Since then, Quintenz has met with lawmakers, including Sen. John Boozman, to gain support. “We discussed the critical role the CFTC and its markets play in risk management throughout the economy, supporting our agriculture sector, and promoting innovation,” Quintenz posted on X after the meeting.

The Senate Agriculture Committee added: “His previous experience as a CFTC Commissioner and knowledge of derivatives and emerging markets will serve him well as leader.”

CFTC in Flux as Leadership Changes Unfold

Quintenz’s nomination arrives during a major leadership shuffle at the agency—four commissioners have recently stepped down or announced departures. His return could reshape the CFTC’s future, particularly regarding digital assets and crypto regulation, as Washington seeks to clarify the agency’s jurisdiction over various segments of the crypto markets.

Crypto Focus and Potential Conflicts of Interest

Quintenz is expected to bring crypto policy to the forefront if confirmed. He recently disclosed $3.4 million in assets, including positions in crypto-linked companies such as Kalshi, a prediction markets platform previously entangled in a long legal battle with the CFTC.

Quintenz has assured lawmakers that he would relinquish any roles or financial ties that could pose conflicts of interest if confirmed.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

CALIFORNIA ASSEMBLY PASSES BILL TO ALLOW CRYPTO PAYMENTS TO STATE

Assembly Bill 1180 moves to Senate after unanimous approval, could make California a crypto-forward state by 2026.

▪️ California’s AB 1180 passed the State Assembly in a 68–0 vote.
▪️ The bill would allow crypto payments to state agencies under the Digital Financial Assets Law.
▪️ If passed by the Senate and signed by the governor, it would go into effect July 1, 2026.

California has taken a major step toward embracing digital assets, as Assembly Bill 1180 (AB 1180)—which would permit state departments to accept cryptocurrency for fees and transactions—cleared the California State Assembly with a unanimous 68–0 vote on June 2. The legislation will now move forward to the State Senate.

If passed, the bill mandates the Department of Financial Protection and Innovation (DFPI) to create a regulatory framework under which digital assets could be accepted for payment under the Digital Financial Assets Law (DFAL). The DFPI is California’s main financial regulator, balancing consumer protection with responsible innovation.

If signed into law by Governor Gavin Newsom, AB 1180 would go into effect on July 1, 2026.

According to the bill’s sponsor, Democratic Assemblymember Avelino Valencia, a pilot program would run until January 1, 2031, at which point full implementation would begin.

California could soon join states like Florida, Colorado, and Louisiana, which already accept crypto payments for specific obligations. If enacted, the DFPI would also be required to submit a comprehensive report by January 1, 2028, documenting all crypto transactions processed, as well as any technical and regulatory hurdles faced along the way.

Under DFAL, a crypto transaction is defined as a digital representation of value used as a medium of exchange, but not legal tender.

The bill underwent four amendments before passing, including the removal of a section related to ride-sharing and personal vehicles.

“Bitcoin Rights” Bill Also Progressing

AB 1180 is designed to complement another legislative effort, AB 1052, also known as the “Bitcoin Rights” bill. That legislation, which passed its first committee with an 11–0 vote on May 23, seeks to ensure that crypto self-custody and private payments remain legal and protected throughout the state.

If passed, AB 1052 would legally recognize digital assets as a valid form of payment in private transactions and prohibit public entities from banning or taxing crypto based solely on its use in payments.

California already has a budding crypto economy, with 117 merchants accepting Bitcoin payments, according to BTC Maps data.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

America Urges India To Reject BRICS: ‘Do Business With the US’

U.S. Commerce Secretary Howard Lutnick said that the United States could reach a trade agreement soon with New Delhi. Lutnick touched upon various pain points between the two nations and suggested that India should scale back its involvement in BRICS and maintain cordial business relations with the U.S.

He said that India rubbed the U.S. the wrong way after buying military equipment from its BRICS counterpart, Russia. “There were certain things that the Indian government did that generally rubbed the United States the wrong way. For instance, generally buying your military gear from Russia,” he said.

To mend things, he noted that the Modi government is now buying military arms from the U.S. “So I think India is starting to move towards buying military equipment from the United States, which then goes a long way,” he added.

BRICS: U.S. Urges India To Open Up Their Markets: ‘We Want Access to Business and Finance’

Reports suggest that the U.S. is using India as a stepping stone to disintegrate the BRICS alliance. Many countries tried to reach out to the U.S. with new trade deals after Trump imposed tariffs on various goods. Lutnick appreciated India’s efforts to be among the early countries to amend trade policies that could benefit the U.S. “I think India is trying hard to be one of the earlier countries (to reach a trade deal with the U.S.), which I appreciated,” he said.

He added that the U.S. would want access to BRICS member India’s markets to reduce the trade deficit. “But what I hope to achieve is we would like market access. We would like our businesses to have reasonable access to the markets of India. We want to have the trade deficit reduced,” he said.

Lutnick revealed that the U.S. will also allow special access to BRICS member India if it opens up its markets. “Now, in exchange for that, what India is going to want is certain key markets to make sure that they have special access to the American marketplace,” he summed up.

India Had Rejected De-Dollarization Early This Year

BRICS member India had openly stated that the country is disinterested in the de-dollarization agenda. The Modi government made it clear that they want cordial ties with the U.S. and do not want to upend existing trade deals. India’s GDP is growing, and without the help of the U.S., business transactions would come to a standstill.

Cutting ties with America is a risky affair for the Modi government, as the Prime Minister does not want to hamper the growing GDP of the country. In addition, India hosts the largest IT sector for the U.S., and the two have been going hand-in-hand for three decades. If the country messes up with its IT sector, businesses could move to other developing nations. Therefore, BRICS member India will have more to lose than gain if it ends its reliance on the U.S. dollar.

Also, Trump has always called Modi his good friend, and the two share warm and gracious relations. Both leaders highly praise the other, calling each other’s decisions tough and bold. India is the only country in BRICS that has openly shown support for the U.S. dollar by rejecting de-dollarization.

India’s Market Potential Remains a Key Focus

The U.S. knows that BRICS member India has a huge market with potential returns worth billions of dollars. Its population of 1.4 billion people holds the key to revenues and profits worth millions and billions. Elon Musk’s Starlink is also looking at an entry into the Indian markets to provide high-speed internet connections. They are also planning to make the pricing affordable to cater to a larger section of the Indian audience.

@ Newshounds News™
Source:  Watcher.Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps