This is How Fiat Currencies End and What will Replace it

This is How Fiat Currencies End and What will Replace it

VRIC Media:   6-19-2025

The global economic landscape feels increasingly precarious, riddled with uncertainty and simmering anxieties. In a recent interview with VRIC Media, Jay Martin sat down with market expert Matthew Piepenburg to dissect the forces driving this instability, offering insights into potential strategies for navigating the turbulence.

Their conversation paints a compelling picture of a world grappling with unprecedented debt, rising inflation, eroding trust, and shifting geopolitical alliances.

One of the central themes explored was the crippling effect of global debt. Piepenburg argues that runaway debt fuels populist movements, as citizens become increasingly disillusioned with governments seemingly unable to manage finances effectively.

This economic stress, in turn, breeds civil unrest, as individuals grapple with rising costs and a perceived lack of opportunities. The interview raises a crucial question: Can the world still choose cooperation over conflict in the face of such widespread economic pressure?

Martin and Piepenburg delve into the idea that perhaps the system itself is fundamentally flawed. Was there ever real hope for reform, or are we simply witnessing the inevitable consequences of decades of unsustainable practices? This critical examination leads to a discussion on the players best positioned to navigate this complex environment.

The interview highlights China’s strategic approach to global power. By playing the long game, focusing on economic development and infrastructure investment, China has positioned itself as a significant player on the world stage.

This rise prompts the question: Can the West still lead through alliances? Can existing partnerships, like the one with Saudi Arabia, provide crucial resources, such as rare earth minerals, to bolster Western economies? The potential for rebuilding U.S. industry from scratch is also considered, questioning whether such a feat is feasible in the current globalized context.

Amidst this backdrop of economic and geopolitical uncertainty, the conversation turns to the quiet but significant accumulation of gold by central banks. Piepenburg suggests this stockpiling is not accidental. In a world where faith in fiat currencies is dwindling, and inflation continues to erode purchasing power, gold represents a tangible and historically reliable store of value.

Ultimately, the interview focuses on practical advice for investors navigating this uncertain world. Piepenburg emphasizes the importance of understanding risk, recognizing the power of currency fluctuations, and appreciating the evolving nature of sovereignty. He suggests that diversification and hedging strategies, including exploring alternative assets like gold, are crucial for protecting wealth in an era of unprecedented economic volatility.

The discussion between Jay Martin and Matthew Piepenburg provides a sobering yet insightful analysis of the current global landscape. It highlights the interconnectedness of debt, geopolitics, and individual financial well-being. By understanding the forces at play, and considering strategies for hedging against uncertainty, investors can better prepare for the challenges and opportunities that lie ahead.

For a more in-depth understanding of these critical issues, be sure to watch the full video interview from VRIC Media.

https://youtu.be/3XJJgn4v3yQ

Seeds of Wisdom RV and Economic Updates Friday Afternoon 6-20-25

Good Afternoon Dinar Recaps,

BRICS vs NATO: Who Holds More Power in 2025—Military, Economic, and Strategic Influence Compared

The BRICS vs NATO rivalry has become the defining geopolitical fault line of 2025. While NATO leads in global military coordination, BRICS commands accelerating economic momentum and demographic dominance—reshaping the global power structure into an increasingly multipolar world.

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Military Power: NATO Dominates in Coordination and Budget, BRICS in Nuclear Arsenal

Defense Spending and Strategic Alignment
NATO commands unmatched military spending, led by the U.S., which contributed $877 billion to NATO’s total $1.3 trillion defense budget in 2024—over half of global military expenditures.

By contrast, BRICS nations collectively spent around $350 billion, with China contributing $225 billion and India significantly investing in regional and technological defense initiatives.

However, BRICS lacks unified military coordination, unlike NATO's Article 5 collective defense framework, which tightly integrates its 32 member states under a single strategic command.

Nuclear Capabilities
NATO maintains around 5,500 nuclear warheads, but BRICS—largely due to Russia—surpasses that with 6,360 warheads. While NATO leads in advanced military infrastructure, BRICS holds a quantitative edge in nuclear firepower, underscoring a more fragmented yet potent deterrence force.

Economic Power: BRICS Surpasses NATO in GDP and Trade Growth

GDP and Growth Trajectory
BRICS has surged ahead with a combined GDP of over $60 trillion in 2024, outpacing NATO’s $40 trillion. China ($18 trillion) and newcomers like Saudi Arabia and the UAE have significantly boosted the bloc’s global economic weight.

Growth rates underscore this shift:

• BRICS: 4%+ annual GDP growth

• NATO: 1–2.5% growth

Trade and Currency De-Dollarization
BRICS now accounts for 25% of global exports, driven by rising intra-bloc trade and new trade initiatives using local currencies—notably the Chinese Yuan and Indian Rupee—which challenge the US dollar’s global dominance.

Population and Global Influence: BRICS Leverages Demographics, NATO Holds Institutional Power

Demographics
BRICS nations represent 3.5 billion people, nearly 45% of the world’s population, compared to NATO’s 950 million. This massive demographic advantage drives consumer markets and economic scale, especially through India’s growing population and urbanization.

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Institutional Control vs. Multipolar Reforms
NATO members retain disproportionate sway over global institutions such as:

• UN Security Council (permanent seats)

• IMF (voting power)

• World Bank (leadership roles)

However, BRICS is building alternative institutions like the New Development Bank (NDB) to challenge Western-led governance and promote multipolar frameworks, particularly in the Global South.

Future Trajectory: Two Pillars of Global Power

The NATO vs BRICS rivalry highlights two divergent yet increasingly complementary power centers:

• NATO continues to lead in military strength, technology, and alliance integration, shaping global security architecture.

• BRICS, propelled by economic momentum, population size, and alternative financial systems, is redefining global economic leadership.

Both blocs now represent dual axes of power—military and economic—that are not merely competitive, but also structurally embedded in the emerging multipolar order.

@ Newshounds News™
Source: Watcher.Guru

~~~~~~~~~

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Iraq Economic News and Points To Ponder Late Thursday Evening 6-19-25

The National Investment Commission Grants (4) Investment Licenses For Strategic Projects In The Renewable Energy Sector In Baghdad And A Number Of Governorates.

Thursday, June 19, 2025, | Economic Number of reads: 234   Baghdad / NINA / The National Investment Commission granted (4) investment licenses for strategic projects in the renewable energy sector in Baghdad and a number of governorates during this year.

The Chairman of the National Investment Commission, Haider Mohammed Makiya, said in a statement: "The Commission granted an investment license to the French company Total to establish a solar power generation station with a capacity of (1000) megawatts in Basra Governorate, while the second license was granted to the Chinese company Shanghai to establish a waste-to-energy plant using high-efficiency incineration technology in Baghdad Governorate.

He explained that the third license was awarded to the Karbala Solar Energy Company to establish a solar power generation station with a capacity of (300) megawatts in Karbala Governorate, while the fourth license was awarded to the Babylon Solar Energy Limited Company to establish the Alexandria Power Plant project in Babylon Governorate for solar energy with a capacity of (225) megawatts." /End https://ninanews.com/Website/News/Details?key=1235295

Basra Oil Prices Rise By More Than 3%

Economy | 09:33 - 06/19/2025  Mawazine News - Baghdad -  Basra Heavy and Medium crude oil prices rose on Thursday, despite a decline in global crude prices.  Basra Heavy crude prices rose $2.29, or 3.30%, to reach $71.72, while Medium crude prices rose $2.29, or 3.16%, to reach $74.67.

Globally, oil prices fell as investors hesitated to take new positions after US President Donald Trump gave mixed signals about potential US involvement in the current conflict between Israel and Iran.
Brent crude prices reached $76.49, while US crude prices reached $75.09.
https://www.mawazin.net/Details.aspx?jimare=262775

A Slight Rise In The Dollar Exchange Rate In Baghdad. 

Economy | 06:00 - 06/19/2025  Mawazine News - Baghdad -  The dollar exchange rate witnessed a slight increase against the dinar in local markets on Thursday.

The dollar price rose on the Al-Kifah and Al-Harithiya stock exchanges to 143,850 Iraqi dinars for every $100, while it recorded 143,550 dinars for every $100 yesterday morning, Wednesday.

As for the selling prices in exchange shops in local markets in Baghdad, they rose, as the selling price reached 144,750 Iraqi dinars for every $100, and the buying price reached 142,750 dinars for every $100.   https://www.mawazin.net/Details.aspx?jimare=262795

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

Seeds of Wisdom RV and Economic Updates Friday Morning 6-20-25

Good Morning Dinar Recaps,

Death, Divorce, and Lost Keys: The Unspoken Crisis in Tokenized Property Succession

As tokenization reshapes real estate ownership around the world, a fundamental legal and technical issue is emerging that could undermine this revolution: inheritance.

The Hidden Threat to Blockchain Real Estate: Succession

Blockchain’s promise of democratized access to real-world assets (RWAs) is being widely embraced, with forecasts projecting $4 trillion in tokenized real estate by 2035. Yet this expansion is quietly jeopardized by an overlooked question:

What happens to tokenized assets when the owner dies?

From crypto-backed home loans to multi-billion-dollar tokenization deals, real estate on-chain is no longer speculative — it’s operational. Dubai’s first tokenized real estate launch in the MENA region and other global milestones signal the sector’s momentum. But amid the hype, succession protocols are missing, exposing a foundational vulnerability.

Current Gaps and Consequences

Inheritance is a cornerstone of traditional property law — but this logic hasn’t been translated to blockchain.

Today, if a keyholder dies without planning, heirs may face:

• Complete loss of assets due to lost or inaccessible private keys

• Jurisdictional ambiguities that prolong or block transfer of ownership

• Manual and insecure workarounds that undermine decentralization

Cold wallets and handwritten key storage are often promoted as solutions, but these approaches don’t scale, and offer no guarantees in edge cases like accidents, divorce, or disputes.

Why a Native Inheritance Layer Is Critical

The absence of standardized, legally recognized and blockchain-native inheritance tools presents a fast-growing risk.

While regulatory frameworks like the EU’s MiCA focus on investor protections and compliance, succession planning remains largely ignored. Without it, high-value tokenized properties are left in limbo — or lost altogether — upon the death or incapacitation of the owner.

Possible Solutions: A Blueprint for Decentralized Succession

To protect generational wealth on-chain, developers and regulators must prioritize native inheritance mechanisms. One proposal is a Decentralized Data Survivability Protocol (DeDasP) — a layered infrastructure using:

• Smart contracts to trigger asset transfer based on predefined conditions

• Sharded private keys distributed as NFTs to multiple heirs, unlockable via multisig logic

• Biometric authentication to secure heir access and prevent loss due to forgotten credentials

Such a system would bring clarity, automation, and resilience to succession planning — aligning with Web3’s values of permanence and decentralization.

Beyond Technology: Legal and Social Implications

Inheritance is not just a technical problem. It’s a legal and moral necessity in the transfer of wealth. Without a secure way to pass down digital real estate, the promise of accessible, inclusive property investment risks collapse.

"People shouldn’t lose their tokenized property because of poor planning, legal gray areas or forgotten passwords."

Tokenized property must not only be accessible — it must be inheritable.

Looking Ahead: A Generational Imperative

As the tokenization of real estate accelerates, the infrastructure for asset succession must evolve in parallel. The next frontier is not just who can buy tokenized assets — it’s who can inherit them.

By embracing emerging tools like biometrics, NFTs, smart contracts, and decentralized key management, the blockchain industry can build robust, automated systems to ensure digital assets survive their owners — and serve generations to come.

@ Newshounds News™
Source: Cointelegraph   

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Arizona Senate Revives Bill to Create Reserve Fund from Seized Crypto

In a renewed legislative push, Arizona’s Senate has revived House Bill 2324 (HB 2324), a proposal to establish a state-managed reserve fund for seized cryptocurrency assets. After initially failing in the House last month, the bill passed the Senate on Thursday by a narrow 16–14 margin, signaling renewed momentum in the state’s efforts to regulate and harness crypto-derived funds.

Key Highlights:

▪️ HB 2324 passed the Senate 16–14, moving the bill back to the House for further review.
▪️ The bill seeks to create a state-run Bitcoin and Digital Assets Reserve Fund using crypto seized via criminal asset forfeiture.
▪️ The proposal had previously failed a final House vote in May, but was reintroduced with amendments.
▪️ The legislation outlines how proceeds from forfeited crypto assets would be allocated, with an initial $300,000 going to anti-racketeering efforts.
▪️ Arizona continues to advance multiple crypto-related bills alongside HB 2749, which addresses unclaimed digital assets.

A Framework for Managing Seized Crypto

If enacted, HB 2324 would empower Arizona’s State Treasurer to manage seized digital assets and invest them through crypto assets or exchange-traded funds (ETFs). This represents a significant step toward institutionalizing crypto within state financial infrastructure.

The legislation would also authorize the Treasurer to invest, reinvest, or divest crypto assets, effectively turning forfeited funds into a managed pool for state benefit.

The fund would be known as the Bitcoin and Digital Assets Reserve Fund, establishing an official state reserve of cryptocurrency holdings.

Detailed Revenue Allocation Plan

The bill specifies a tiered distribution of funds from the sale of forfeited crypto:

• First $300,000 → Anti-Racketeering Revolving Fund

• Remaining balance (if above $300,000):

• 50% → Anti-Racketeering Revolving Fund

• 25% → Arizona General Fund

• 25% → Bitcoin and Digital Assets Reserve Fund

This approach aims to reinvest criminal proceeds into public benefit while giving Arizona a strategic crypto reserve.

Secure Custody Requirements for Digital Assets

To prevent mishandling or loss, HB 2324 includes mandates for secure custody of seized assets, including:

• Obtaining private keys or passphrases

• Securing digital wallets

• Transferring assets to state-approved digital wallets or platforms

These safeguards reflect growing concern over digital asset security in government custody.

Arizona’s Broader Crypto Legislative Landscape

This bill joins a broader suite of crypto-related legislative efforts in Arizona:

• HB 2749, passed last month, covers unclaimed crypto presumed abandoned.

• Several other pending bills focus on crypto kiosks, payment solutions, and security infrastructure.

Arizona’s push reflects a trend seen nationwide: state-level crypto regulation picking up where federal efforts lag.

National Context: GENIUS Stablecoin Bill Gains Momentum

Arizona’s developments come as the U.S. Senate passed the GENIUS stablecoin bill this week, moving it to the House. Former President Donald Trump urged its swift passage, calling it critical for America to become the “undisputed leader” in the global crypto space.

Arizona’s HB 2324 marks a turning point in how states might begin monetizing and managing crypto from criminal seizures, transforming it from contraband into a strategic fiscal asset.

@ Newshounds News™
Source: The Block

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@ Newshounds News™
Source: Watcher.Guru

~~~~~~~~~

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“Tidbits From TNT” Friday Morning 6-20-2025

TNT:

Tishwash:  Oil: The gas sector receives exceptional attention from the Prime Minister.

The Ministry of Oil confirmed, on Thursday, that the gas sector has received exceptional attention from Prime Minister Mohammed Shia Al-Sudani.

A statement by the Ministry of Oil received by the Iraqi News Agency (INA) stated that "Undersecretary of the Ministry of Oil for Gas Affairs Izzat Sabir Ismail, during his speech at the Second Liquefied Natural Gas Forum, stressed the importance of government support for the gas industry and investment sector to achieve the ministry's goals and plans for optimal investment of this resource, in a way that supports the national economy and sustainable development."

He added, "The gas sector has received exceptional attention from Prime Minister Mohammed Shia Al-Sudani and Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani, as the government has worked to support gas industry and investment projects, which have contributed to increasing national production of natural and liquid gas in accordance with the government program. The volume of gas investment in general has increased to more than seventy percent after it did not exceed fifty-two percent during the first year of the government's term."

He pointed out that "the most important of these projects, implemented by the Ministry and its national companies in cooperation with specialized international companies, are concentrated in the governorates of Basra, Maysan, and Dhi Qar, in addition to the central and Kirkuk fields."

He explained that "achieving this exceptional leap in production represents a bright sign towards achieving our goal of stopping - and achieving zero - gas flaring during the period extending from 2028 to 2030, which in turn leads to the elimination of harmful emissions to the environment and public health, in addition to fulfilling our moral commitment to the 2016 Paris Agreement, which strengthens Iraq's position and role in the international community and the global energy sector."

The Undersecretary of the Ministry highlighted "the importance of "liquefied gas" as it represents a vital economic tributary that generates significant financial returns for the country and contributes to diversifying sources of income," noting that "the Ministry of Oil's support for this forum stems from its keenness to ensure the development of this industry through economic methods, approaches, and mechanisms built on sound foundations, achieving the highest benefit for the national economy."

The Undersecretary of the Ministry affirmed that "the forum is an important opportunity to exchange views, discuss technical and commercial challenges, and review development and expansion opportunities, in line with the government and ministry's plans in this field. We look forward today to constructive discussions and practical, implementable outcomes that will contribute to drawing a clear roadmap for the future of liquefied gas in Iraq."

The Undersecretary of the Ministry revealed "Basra Gas Company's plans to reach a production of more than eight thousand tons per day of liquefied gas in the next few years, as its current production stands at six thousand tons per day. Achieving this exceptional qualitative leap in production represents a bright sign for the gas sector."  link

***********

Tishwash:  Government advisor: Foreign exchange reserves are the highest in Iraq's history.

The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Thursday that Iraq is witnessing economic stability and developmental prosperity, with low inflation and unemployment and high growth. He also noted that foreign exchange reserves are the highest in Iraq's history.

“Iraq faces strong economic challenges in the geopolitical context due to the ongoing war in the Middle East,” Saleh told the official agency, followed by Iraq Observer. “This may be related to the movements of Iraq’s trade balance with the world, especially oil exports and energy markets. While the Gulf and the passage of oil and gas through the Strait of Hormuz represent approximately 30 percent of the flow of energy from its sources to the world, 99 percent of Iraq’s oil is currently exported through the Gulf and the aforementioned strait to world markets, especially the economies and markets of Asia.”

“The increase in crude oil prices, which jumped by nearly $10 before the recent outbreak of the Iranian-Israeli war, is a positive price shock,” he added. “However, at the same time, we must be careful about the consequences of the war and the safety of oil routes in the Gulf, without forgetting that import trade is also bearing risks represented by rising shipping and insurance costs and rising prices, which may increase with the escalation of conflict levels across the Gulf as well.”

He explained that "the positive external price factors in the value of oil exports, which are dependent on geopolitics, should not be the basis for sustainable fiscal policies based on oil revenues, which constitute a central component of public revenues and shape the 2025 budget schedules, unless stability is achieved and the threat of war in all its forms is eliminated."

Regarding the government's delay in submitting the federal general budget schedules for the year 2025, Saleh explained that "one of the requirements stipulated in the Triennial General Budget Law No. 13 of 2023 is due to the amendment of some paragraphs of the Federal General Budget Law for the three years 2023, 2024 and 2025 last February of this year, which were originally covered by Law No. 13 of 2023."

He explained that "this required systematic, practical and oversight communication between the House of Representatives and the government and its bodies represented by the Ministry of Finance to accurately and comprehensively monitor federal revenues and all financial procedures, especially the management of current operational and investment expenditures without interruption, as well as deficit financing."

He pointed out that "the delay in submitting the schedules was influenced by external factors, which are merely reflections of external geopolitical shocks, whether global trade wars, the energy markets experiencing some price contraction before their sudden improvement, or the beginning of indicators of a downward and upward oil asset cycle that should have been addressed by adjusting some spending rules."

Saleh pointed out that, "Despite the ongoing concerns raised during the first half of the current fiscal year, regarding complete financial stability, our country's financial situation has not shown any concerns. This is due to sound management and the high degree of compatibility between the country's fiscal and monetary policies, as monetary policy supports the country's financial policy with its foreign currency reserves, which are the highest in Iraq's history."

He emphasized that "during such periods, monetary policy plays its role in stimulating the domestic financing market with the strength of reserves, particularly in supporting and stabilizing liquidity and general cash flows in the country. This is done to ensure government development programs for the diverse and comprehensive infrastructure projects our country is witnessing, given their role in stimulating the labor market and businesses."

He continued, "All fears have been dispelled due to the mutual and cohesive immunities within the framework of the economic policy itself and the implementation of the government's program, coupled with high financial excellence and discipline."

He explained that “the delay in submitting the 2025 budget schedules to the House of Representatives did not prevent the implementation of the public finance program covered by the basics of the current general budget law, but the external circumstances and successive international economic shocks in the energy market, and the amendment to the current law No. 13, as we mentioned, regarding the issue of assessing the costs of extracting the region’s oil and its marketing costs, are what required time for partial adjustment in some of the constants and variables related to revenues, public expenditures, and deficit management.”

He pointed out that "these tables will be submitted in the coming period based on the provisions of Article 77/Second of Law 13, as mentioned above, which requires the House of Representatives to approve the general budget tables for the current fiscal year, which are now at the end of their preparations for presentation to the House."

He concluded by saying: “The strength of the coordination between the government’s general policies in the financial and monetary fields has dispelled all those concerns about the management of problems resulting from the global economic situation.

Rather, it is working in the interest of the sustainability of economic stability and sustainable development in our country, which is witnessing years of high stability and remarkable development prosperity, whether through low inflation rates, low unemployment rates, or high levels of growth, especially after the launch of the philosophy of strategic partnership between the state’s economy and the market, within the social market strategy that stipulates protecting the stability of citizens’ living standards and supporting the role of the market in investment, reconstruction, and development together.” link

Mot:  UH OH!!! 

Mot . and four Todays ""Mots Advice"" -----

MilitiaMan & Crew: IQD Update-Highest Cash Reserve-Prosperity-Federal Court of Justice Control-Salaries-Stamps-Currency

MilitiaMan & Crew:  IQD Update-Highest Cash Reserve-Prosperity-Federal Court of Justice Control-Salaries-Stamps-Currency

6-19-2025

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=OaRZU2gUb84

The Credit Bubble has Expanded into Equities, Parallels to 1929

Alasdair Macleod: The Credit Bubble has Expanded into Equities, Parallels to 1929

Palisades Gold Radio:  6-19-2025

Tom Bodrovics welcomes back gold market and finance expert Alasdair Macleod. Together they explore the escalating systemic risks in global gold and silver markets, driven by surging demand for physical delivery.

Macleod highlighted the European Central Bank’s (ECB) warning about skyrocketing counterparty risks in gold derivatives, emphasizing that COMEX delivery demands have reached unprecedented levels, with an annualized rate of 1,500 tons—far exceeding post-pandemic trends.

 This surge reflects a growing scramble for physical metal which is exacerbated by delays in delivery fulfillment. Bullion banks, fearing tariffs and supply shortages, inflated futures prices to create arbitrage opportunities, further straining markets.

 Macleod underscored a critical shift: central banks, once willing to lease gold to stabilize markets, now hesitate to renew leases, fearing irreversible loss of reserves.

This trend, compounded by COMEX silver shortages, signals deepening liquidity crises. Demand is driven by sovereign wealth funds, Asian families, and Middle Eastern entities diversifying from the dollar amid geopolitical tensions and long-term currency devaluation fears.

The discussion pivoted to the U.S. debt trap, with deficits exceeding 6% of GDP and tepid demand for long-term Treasuries. Macleod compared today’s credit bubble and protectionist tariffs to the 1929 crash, warning of a potential debt deflation spiral.

He noted China’s strategic accumulation of gold and silver, possibly prepping the yuan for gold backing, while avoiding abrupt moves to destabilize Western economies. Amid these risks, Macleod stressed wealth preservation over accumulation, advocating physical gold as a hedge.

 He cautioned that markets underestimate the looming convergence of fiscal instability, currency crises, and geopolitical shifts, urging vigilance as structural economic fractures deepen.

The episode closed with a stark reminder: today’s calm belies a gathering storm, mirroring historical precedents where credit excesses and policy missteps fueled systemic collapse.

https://www.youtube.com/watch?v=IsLgA6IKxcg

Iraq Economic News And Points To Ponder Thursday Afternoon 6-19-25

Financial Advisor: Iraq Has The Highest Foreign Exchange Reserves In Its History And Its Economy Is Entering A Boom Phase

Buratha News Agency 25-06-19   The Prime Minister's Financial Advisor, Mazhar Mohammed Salih, confirmed on Thursday that Iraq is witnessing economic stability and developmental prosperity, with low inflation and unemployment and high growth, while pointing out that foreign exchange reserves are the highest in Iraq's history.

Salih told the official agency, "Iraq is facing strong economic challenges in the geopolitical complexes due to the ongoing war in the Middle East," noting that "this may be related to the movements of Iraq's trade balance with the world, especially oil exports and energy markets.

While the Gulf and the passage of oil and gas through the Strait of Hormuz represent approximately 30 percent of the flow of energy from its sources to the world, Iraq currently exports 99 percent of its oil through the Gulf and the aforementioned strait to world markets, especially Asian economies and markets."

He also explained that "the increase in the price of exported crude oil, which jumped by nearly $10, before the outbreak of the recent war between Iran and the Zionist occupation, is considered a 'positive price shock'.

However, at the same time, caution must be exercised regarding the consequences of the war and the safety of oil routes in the Gulf, without forgetting that the import trade has also begun to bear risks represented by the rise in shipping and insurance costs and rising prices, which may increase with the escalation of the levels of conflict across the Gulf as well."

He also explained that "the positive external price factors in the value of oil exports, which are linked to geopolitics, should not be the basis for sustainable fiscal policies based on oil revenues, which constitute a central component of public revenues and shape the 2025 budget schedules, unless stability is achieved and the threat of war in all its forms is eliminated."

Regarding the government's delay in submitting the federal general budget tables for the year 2025, Saleh explained that "one of the requirements stipulated in the Triennial General Budget Law No. 13 of 2023 is due to the amendment of some paragraphs of the Federal General Budget Law for the three years 2023, 2024 and 2025 last February of this year, which were originally covered by Law No. 13 of 2023."

He explained that "this required systematic, practical and oversight communication between the House of Representatives and the government and its bodies represented by the Ministry of Finance to accurately and comprehensively monitor federal revenues and all financial procedures, especially the management of current operational and investment expenditures without interruption, as well as deficit financing."

He pointed out that "the delay in submitting the schedules was influenced by external factors, which are merely reflections of external geopolitical shocks, whether global trade wars, the energy markets experiencing some price contraction before their sudden improvement, or the beginning of indicators of a downward and upward oil asset cycle that should have been addressed by amending some spending rules."

Saleh also pointed out that, "Despite the ongoing concerns raised during the first half of the current fiscal year, regarding complete financial stability, our country's financial situation has not shown any concerns.

This is due to sound management and the high degree of compatibility between the country's fiscal and monetary policies, as monetary policy supports the country's financial policy with its foreign currency reserves, which are the highest in Iraq's history."

He also emphasized that "during such periods, monetary policy plays its role in stimulating the domestic financing market with the strength of reserves, particularly in supporting and stabilizing liquidity and general cash flows in the country.

This is done to ensure government development programs in the diverse and comprehensive infrastructure projects that our country is witnessing, given their role in stimulating the labor market and businesses."

He continued, "All concerns have been dispelled due to the mutual and cohesive immunities within the framework of the economic policy itself and the implementation of the government's curriculum, coupled with high financial excellence and discipline."

He added, "The delay in submitting the 2025 budget schedules to the House of Representatives did not prevent the implementation of the public finance program, which is covered by the basics of the current general budget law.

However, external circumstances, successive international economic shocks in the energy market, and the amendment to the current law No. 13, as we mentioned, regarding the issue of assessing the costs of extracting and marketing the region's oil, are what required time for partial adjustment in some of the constants and variables related to revenues, public expenditures, and deficit management."

He pointed out that "these tables will be submitted in the coming period based on the provisions of Article 77/Second of Law 13, as mentioned above, which requires the House of Representatives to approve the general budget tables for the current fiscal year, which are now at the end of their preparations for presentation to the House."

He concluded by explaining that "the strength of the coordination between the government's general policies in the financial and monetary fields has dispelled all those concerns about the management of problems resulting from the global economic situation.

Rather, it is working in the interest of the sustainability of economic stability and sustainable development in our country, which has witnessed years of remarkable stability and development prosperity, whether through low inflation rates, low unemployment rates, or high levels of growth.

This is especially true after the launch of the philosophy of strategic partnership between the state's economy and the market, within the social market strategy that calls for protecting the stability of citizens' livelihoods and supporting the role of the market in investment, reconstruction, and development together."  https://burathanews.com/arabic/economic/461671  

Ministry Of Reconstruction {To Euphrates News}: All Projects In The First Package Will Be Completed By The End Of This Year.

Time: 2025/06/19 18:14:54 Reading: 180 times  {Local: Al Furat News} The Ministry of Construction and Municipalities announced today, Thursday, that all projects in the first package will be completed by the end of this year. 

The useful summary.. In the important news, you can find it on the Euphrates News channel on Telegram..

Ministry spokesman Nabil Al-Saffar told Furat News, "All of these projects will be inaugurated by the end of the year, particularly the remaining projects in the first package."

Al-Saffar added, "The delay in approving the budget schedules has not affected the smooth flow of traffic relief projects, despite the halt in the release of financial allocations."  LINK

 

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

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 6-19-25

Good Afternoon Dinar Recaps,

China Grants 53 Countries Tariff-Free Access to BRICS Market

In a bold move to reshape global trade dynamics, BRICS member China is extending tariff-free market access to 53 African nations, creating a new economic bridge between Asia and Africa. The deal is part of a growing initiative to strengthen South-South cooperation and shift global influence away from Western-dominated systems.

Key Developments:

▪️ China to eliminate all tariffs on imports from 53 African countries, primarily least developed countries (LDCs).
▪️ The initiative opens duty-free access to the Chinese market, boosting African exports and economic growth.
▪️ African middle-income economies like Kenya, South Africa, Nigeria, Egypt, and Morocco are also eligible for special access.
▪️ $50 billion in infrastructure investments pledged by China to Africa over the next three years.
▪️ The deal comes amid global dissatisfaction with U.S. policies, as China positions itself as a new global partner.

Africa’s Economic Gateway to China

China’s Foreign Ministry confirmed that the door is open for quality African products to enter the Chinese market under this new framework. The deal is expected to bolster trade, agriculture, and resource development across the African continent.

“China is ready to welcome quality products from Africa to the Chinese market,” said the Foreign Ministry, signaling an open invitation for expanded commerce.

This tariff-free structure incentivizes African nations to rework domestic trade policies that align with BRICS’ emerging global vision. Countries like South Africa, Ethiopia, Uganda, and Nigeria—already linked to BRICS as full or partner members—stand to gain significantly.

A Strategic Shift in Global Alliances

The initiative is not just economic—it’s geopolitical. As U.S. global influence faces criticism, China is using this moment to expand BRICS’ reach. A recent Pew Research Center report shows that 66% of countries lack confidence in Trump-era foreign policies, while only 24 nations express trust in his international leadership.

China, in contrast, is aggressively courting emerging economies through infrastructure development, trade, and policy cooperation.

BRICS and the African Development Agenda

At last year’s BRICS summit, China committed $50 billion to support infrastructure projects across Africa, including ports, railways, and energy development. The funding complements the tariff-free access deal and is already shaping policy decisions across the continent.

“It enables middle-income countries like Kenya, South Africa, Nigeria, Egypt, and Morocco to now enter the Chinese market duty-free,” noted Hannah Ryder, founder of Africa-focused consultancy Development Reimagined.

Criticism and Strategic Caution

While the deal is being hailed as a game-changer for African economies, critics argue that the balance of power heavily favors China. Some analysts warn that while investments flow in, African sovereignty and long-term gains may be at risk if policies are not carefully negotiated.

Nonetheless, this policy shift further consolidates BRICS’ position as a rising alternative to traditional Western institutions—and Africa is becoming a central battleground in that transition.

@ Newshounds News™
Source: Watcher Guru

~~~~~~~~~

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Iraq Economic News And Points To Ponder Thursday Morning 6-19-25

Ministry Of Commerce: A National Strategic Plan To Protect Markets From Regional Fluctuations

Buratha News Agency1602025-06-18    The Ministry of Commerce announced a comprehensive plan on Wednesday aimed at bolstering food security in the country, amid regional tensions.

Ministry spokesperson Mohammed Hanoun told the official news agency, "The purpose of announcing the plan is to strengthen the country's ability to confront any potential disruptions to food supplies and ensure the continuity of the supply of essential commodities without interruption or excessive price increases."

He explained that "the plan aims to achieve local market stability by securing a strategic stockpile of essential commodities, improving the ration card's components to promote social justice, providing a flexible commercial environment that allows for the smooth entry of raw materials, and activating oversight to prevent exploitation and monopoly."

Hanoun also explained that "the ministry seeks to ensure the stability of the food basket's supply, both for vulnerable groups and for citizens covered by the program, who number more than 42 million people."

He noted that "the increase in the ration card's components is linked to decisions by the Council of Ministers, and the ministry is committed to implementing it through a network of approximately 69,000 distribution agents across Iraq."

Regarding customs facilitations, Hanoun confirmed that "the measures focus primarily on food commodities and raw materials for the food industry, and include expediting customs clearance, temporarily reducing fees for some high-demand items, and granting inspection priority to goods related to food safety."

He added, "These facilities do not cover all types of goods, but are implemented according to regulations set by specialized joint committees."

He also noted that "the ministry has prepared an extensive monitoring plan to control prices in local markets, including deploying field teams in Baghdad and the governorates to monitor prices and verify invoices, in addition to coordinating with the Economic Security Service to take legal action against manipulators and monopolists."

He added, "A hotline has been activated to receive citizens' complaints about price increases or shortages, in addition to preparing daily price reports in all governorates to ensure a rapid response." https://burathanews.com/arabic/economic/461625

The dollar rises again against the Iraqi dinar in Baghdad.

Stock Exchange  Economy News – Baghdad  The US dollar exchange rate rose in Baghdad markets on Wednesday morning.  The dollar price rose on the Al-Kifah and Al-Harithiya stock exchanges, reaching 143,550 Iraqi dinars per $100, while yesterday morning, Tuesday, it reached 143,250 dinars per $100.

Selling prices at exchange offices in Baghdad's local markets rose, with the selling price reaching 144,500 Iraqi dinars for $100, and the buying price reaching 142,500 dinars for $100. 366 views  Added 2025/06/18 - 10:36 AM  https://economy-news.net/content.php?id=56374

Iraqi Finance Figures Show A "Soft Rentier" Economy. Are There Alternatives?
 
Energy and Business     breaking  2025-06-18 00:58  Shafaq News/ An Iraqi economist warned on Wednesday  against the country's continued reliance on a rentier economy, noting that  it  "creates a consumer society" and   weakens the national production base.  Mohammed al-Hasani told Shafaq News Agency,
 
"A rentier economy
     is usually weak and
     produces a consumer society dominated by the import sector,
     with little interest in manufacturing industries.
 
This is what applies to Iraq."
 
Al-Hasani called on the Iraqi government to
 
"work and strive to develop
     Iraq's industrial production sectors and
     diverse agriculture in order to

     stimulate the country's foreign trade sector and
     achieve the highest possible financial revenues
 
that contribute to achieving the highest returns for the
     national income and the       Iraqi state treasury."
 
The Iraqi Ministry of Finance revealed that federal budget revenues from January to March 2025 exceeded 27 trillion dinars, with oil accounting for 91% of total revenues.
 
Tables issued by the Ministry of Finance in June for the first quarter of the year, monitored by Shafaq News Agency, showed that oil remains the primary source of revenue for the general budget,
reinforcing the rentier nature of the Iraqi economy.

According to the ministry's data, total revenues amounted to 27 trillion, 248 billion, 764 million, 196 thousand, and 554 dinars, while total expenditures amounted to 26 trillion, 662 billion, 428 million, 661 thousand, and 44 dinars.
 
Oil revenues alone amounted to 24 trillion, 911 billion, 906 million, and 926 thousand dinars, equivalent to 91% of total revenues, while non-oil revenues amounted to 2 trillion, 336 billion, 857 million, and 269 thousand dinars.
 
In March 2021, the Prime Minister's advisor for financial affairs, Mazhar Mohammed Salih, explained to Shafaq News Agency that  the reasons behind the Iraqi economy remaining rentier are due to the
 
     wars and economic blockades of the past decades, in addition to the
     current political conflicts that have squandered economic resources.

Saleh added that the country's continued reliance on oil as its sole source of revenue
     makes Iraq vulnerable to global crises that impact oil prices,
     forcing the country to repeatedly resort to borrowing to cover its deficit.
 
This reflects    weak financial management and an   inability to develop effective financing alternatives.
  
https://shafaq.com/ar/اقتصـاد/رقام-المالية-العراقية-تظهر-اقتصادا-ريعيا-رخوا-هل-من-بدا-ل 

Find Out The Gold Prices In Local Markets.

Economy | 12:44 - 06/18/2025  Mawazine News - Baghdad -  Foreign and Iraqi gold prices witnessed a slight increase in local markets on Wednesday.

Gold prices in the wholesale markets on Al-Naher Street in Baghdad this morning recorded a selling price of one mithqal of 21-karat Gulf, Turkish and European gold at 680,000 dinars, and a purchase price of 676,000 dinars. The selling price of one mithqal of 21-karat Iraqi gold reached 650,000 dinars, while the purchase price reached 646,000 dinars.

In goldsmiths' shops, our correspondent explained that the selling price of one mithqal of 21-karat Gulf gold ranged between 680,000 and 690,000 dinars, while the selling price of one mithqal of Iraqi gold ranged between 650,000 and 660,000 dinars.   https://www.mawazin.net/Details.aspx?jimare=262737

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

Seeds of Wisdom RV and Economic Updates Thursday Morning 6-19-25

Seeds of Wisdom RV and Economic Updates Thursday Morning 6-19-25

Good Morning Dinar Recaps,

XRP and Cardano Merger? Crypto Analyst Calls It “Unstoppable”

A surprising alliance may be forming in the crypto space as XRP and Cardano, two of the most loyal and powerful crypto communities, begin exploring integration.

George Tung, founder of CryptosRus, says the potential merger could create an “unstoppable force” within the digital asset industry.

“Two of the strongest armies and strongest holders out there. Combining the two would create an unstoppable force,” Tung asserted.

Key Developments:

▪️ Charles Hoskinson, Cardano’s founder, is pushing for XRP integration across Cardano’s DeFi ecosystem, stablecoins, and wallets.

▪️ XRP and Cardano communities, long considered rivals, are moving toward real collaboration after resolving past conflicts.

▪️ XRP integration into Cardano’s Lace wallet, and possible deployment of Ripple’s RLUSD stablecoin on Cardano, are already in progress.

From Rivals to Collaborators: A Shift in Crypto Dynamics

Historically, XRP and Cardano supporters have clashed, often over regulatory narratives and public comments made by Hoskinson regarding Ethereum and XRP’s legal battles. But in 2023, Hoskinson issued a public apology to the XRP community, signaling a new chapter of cooperation.

That gesture appears to have opened the door to practical steps toward collaboration between the two blockchain ecosystems.

Crypto’s Most Loyal Communities Join Forces

Tung's prediction rests on a simple but powerful truth: both XRP and Cardano have endured market volatility, regulatory scrutiny, and prolonged development cycles—without losing the support of their core users.

▪️ XRP holders famously held firm during the 2020 SEC lawsuit, refusing to sell despite major market pressure.

▪️ Cardano users have backed the project through years of slow, research-driven development, showing a deep-rooted belief in its long-term vision.

These loyal user bases have transformed both assets into crypto mainstays, dominating social media platforms and shaping market sentiment.

What’s Already Underway: From Wallets to Airdrops

Major collaborative efforts are already taking shape:

▪️ Ripple’s RLUSD stablecoin is expected to launch on Cardano, enabling seamless cross-chain value transfer.

▪️ XRP integration into Cardano’s Lace wallet is underway, allowing users to hold both assets side-by-side.

▪️ Cardano’s Midnight airdrop—featuring NIGHT and DUST tokens—will include XRP holders, reaching over 37 million wallets.

▪️ Hoskinson has floated the idea of Midnight protocol as a DeFi layer for XRP, potentially unlocking new yield and liquidity opportunities.

What Could Come Next: A Crypto Power Duo in Formation

This alliance is still in its early stages, but the implications could be profound. A formal merger or deep integration between XRP’s institutional reach and Cardano’s DeFi infrastructure would create a crypto network with global utility, resilience, and scalability.

If these plans succeed, George Tung’s “unstoppable force” prediction may no longer sound like hype—but a credible threat to current crypto market leaders.

@ Newshounds News™
Source: Coinpedia

~~~~~~~~~

XRP-Powered DeFi Accelerates with cbXRP Support and $100M Institutional Investment

The decentralized finance (DeFi) ecosystem is seeing a significant boost in XRP integration, as Coinbase’s cbXRP and Flare Network’s staking innovations pave the way for broader utility and liquidity.

Key Highlights:

▪️ Moonwell on Base becomes the first DeFi protocol to support cbXRP, a tokenized version of XRP issued by Coinbase, allowing users to borrow USDC against XRP without selling.

▪️ Flare Network attracts a $100 million investment from VivoPower, marking one of the largest XRP-backed DeFi commitments to date.

▪️ Flare’s Total Value Locked (TVL) surged to a record $162 million, up from $38 million in April, driven by new DeFi features and omnichain integrations.

▪️ XRP’s role in DeFi is expanding through staking, liquidity, and stablecoin integrations, opening new doors for long-term XRP holders.

Moonwell Launches cbXRP on Base: DeFi Lending Without Selling XRP

Moonwell, a prominent lending platform on Coinbase’s Base ecosystem, has launched the first-ever market for cbXRP, a 1:1 tokenized version of XRP. This marks a turning point for XRP holders seeking DeFi exposure.

To participate, users exchange XRP for cbXRP via Coinbase, enabling them to borrow USDC while retaining XRP exposure. This move allows for capital-efficient participation in DeFi without the need to liquidate holdings.

Flare Attracts $100M XRP Investment From VivoPower

VivoPower, an electric vehicle services company, has pledged a $100 million XRP investment in partnership with Flare. The company plans to become the first XRP-focused digital asset enterprise, leveraging institutional yield strategies via DeFi.

Flare supports XRP’s on-chain functionality through FXRP, a fully non-custodial, 1:1 wrapped version of XRP, and is developing a liquid staking model with stXRP, mirroring Lido DAO’s liquid staking structure.

Liquidity Soars on Flare with USDT0 Integration

In addition to institutional support, Flare’s liquidity has surged following its integration of USDT0—an omnichain version of Tether’s USDT, based on LayerZero’s Omnichain Fungible Token standard.

▪️ TVL on Flare hit an all-time high of $162 million on June 8, up from $38 million in late April.
▪️ As of now, TVL stands at $144 million, according to DeFiLlama.

What This Means for XRP Holders and DeFi

These developments signal a growing DeFi footprint for XRP, a token historically focused on payments and remittances. By entering lending, staking, and liquidity provisioning through cbXRP, FXRP, and stXRP, XRP is now embedded in a fast-evolving DeFi landscape.

Long-term holders gain access to new earning strategies, while institutional players see fresh pathways to engage with the ecosystem—without compromising compliance or control.

As Ripple’s regulatory clarity strengthens and DeFi integrations deepen, XRP is emerging as a central player in next-generation finance.

@ Newshounds News™
Source: FXStreet

~~~~~~~~~

Ohio House Passes Landmark Bill for Tax-Free Crypto Payments and Mining Protections

Ohio is stepping into the crypto spotlight with a sweeping new bill that could reshape the state's approach to digital assets. On Wednesday, the Ohio House of Representatives passed House Bill 116 — the Ohio Blockchain Basics Act — by a vote of 70–26, signaling a bipartisan shift toward blockchain innovation and deregulation.

Key Highlights:

▪️ Crypto transactions under $200 will be exempt from capital gains taxes, with the threshold set to adjust annually for inflation.

▪️ Mining and staking protections are built into the bill, shielding operations from discriminatory zoning laws or licensing burdens.

▪️ The bill ensures residential and industrial crypto mining is allowed if local ordinances are followed.

▪️ Ohio aims to ban government overreach on wallets, nodes, swaps, and other blockchain activity.

▪️ House Bill 116 now moves to the Ohio Senate and could soon reach Governor Mike DeWine for final approval.

$200 Crypto Payment Exemption Could Set Precedent

At the heart of the legislation is a tax exemption for crypto transactions under $200, eliminating capital gains tax obligations for small, everyday payments. The threshold will rise annually with the Consumer Price Index (CPI), rounded up to the nearest $5 — and notably, the bill prevents future reductions to this limit.

This provision aligns with national efforts to treat crypto like cash for low-value transactions, a move widely supported by industry advocates and users alike.

Mining Freedoms for Residential and Industrial Areas

The bill also breaks new ground by permitting crypto mining in residential zones, provided local noise and ordinance regulations are met. Industrial-zoned areas would allow full-scale mining operations, and the law bars state regulators from enforcing crypto-specific rules that don’t apply to other businesses.

Additionally, the bill states that any rezoning that harms mining operations must go through a formal notice and comment process. If miners believe they're being discriminated against, they’ll have the right to challenge it in court.

No License Needed for Core Blockchain Activities

The Ohio Blockchain Basics Act exempts a broad range of blockchain activities from licensing requirements. These include:

• Mining and staking

• Operating blockchain nodes

• Crypto-to-crypto swaps

• Software development for blockchain transactions

It further clarifies that these activities do not constitute securities offerings, a direct response to the SEC's legal posture under the Biden administration.

Wallet Autonomy and Future Plans

The bill also prohibits the government from interfering with hardware wallets or self-custody practices, reinforcing user sovereignty over digital assets — a core principle in the crypto ethos.

Looking ahead, Ohio lawmakers are considering another proposal: the creation of an “Ohio Bitcoin Reserve Fund,” introduced in January. That bill is currently under review by the Financial Institutions, Insurance, and Technology Committee.

Ohio Emerges as a Crypto-Friendly State

With over 160 crypto-related bills introduced across 40 U.S. states, Ohio’s move puts it at the forefront of regulatory innovation. By protecting on-chain activity and encouraging tax-friendly adoption, the state sends a clear signal: Ohio is open for blockchain business.

@ Newshounds News™
Source: Cointelegraph

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