What Happens When The Government Shuts Down?

What Happens When The Government Shuts Down?

Raquel Coronell Uribe  Tue, September 30, 2025  NBC News

The federal government shut down Wednesday after lawmakers left the Capitol without passing a funding bill.  Agencies and departments have issued guidance in recent days on what to expect when the money runs out.

Here’s what will happen during the shutdown.

How does a shutdown affect the military?

The majority of veteran benefits and military operations will continue to be funded regardless of a shutdown. However, pay for military and civilian workers will be delayed until a funding deal is reached, forcing them to continue their duties without pay.

Military personnel on active duty, including active guard reserves, will continue their duty. However, no new orders may be issued except for extenuating circumstances — such as disaster response or national security. Some National Guard members serving through federal funding could have their orders terminated unless performing an essential duty.

The Department of Veterans Affairs said it expects 97% of its employees to work, though regional offices will be closed. Some death benefits, such as the placement of permanent headstones at VA cemeteries, and ground maintenance, will cease. Also affected will be communication lines, including hotlines, emails, social media and responses to press inquiries.

How is air travel affected?

Air traffic control services will continue, allowing for 13,227 air traffic controllers to work through a shutdown — but without pay until the government is funded again. Other essential activities, such as the certification and oversight of commercial airplanes and engines will continue, as will limited air traffic safety oversight.

However, the Department of Transportation will stop air traffic controller hiring, field training of air traffic controllers, facility security inspections and law enforcement assistance support.

In a letter Monday, a coalition of aviation groups urged Congress to avoid a shutdown, saying funding lapses will hurt the Federal Aviation Administration. The letter cited the furloughing of many FAA employees, and said the ceasing of funding could create backlogs that will create delays in critical FAA services “long after funding resumes.”

“While air traffic controllers, technicians and other excepted aviation safety professionals will continue to work without pay, many of the employees who support them are furloughed, and the programs that the FAA uses to review and address safety events are suspended. To remain the world leader in aviation, we must continue to strive to improve efficiency and further mitigate risk,” the aviation groups wrote.

Will Social Security checks still go out?

Social Security benefits, considered mandatory under law, will continue regardless of a shutdown, so recipients can expect to continue receiving their payments. However, the Social Security Administration could face a furloughed workforce. Fewer workers could mean that processing new Social Security applications could be delayed.

How does the shutdown affect the Department of Health and Human Services?

TO READ MORE:  LINK

The Fed’s Rationale for Rate Cuts

The Fed’s Rationale for Rate Cuts

Heresy Financial:  9-29-2025

The Federal Reserve is currently operating under a monetary policy stance widely regarded as restrictive—a necessary measure, according to many, to fully contain inflation. But behind closed doors, a significant debate is brewing, fueled by newly appointed Fed Governor Steven Moran, who is advocating for a dramatic reversal.

Moran argues that the current policy is excessively tight because the neutral interest rate ($r^{*}$)—the theoretical rate that neither stimulates nor restrains the economy—is far lower than current Fed rates.

This clash of views isn’t just academic; it reflects deep underlying tensions in the U.S. economy, where fiscal reality is aggressively colliding with monetary theory. We break down the core arguments, as analyzed in a recent video by Heresy Financial.

Governor Moran’s recommendation to lower rates significantly is based on several key factors he believes are fundamentally shifting the economic landscape, specifically targeting inflationary pressures and national savings.

One of Moran’s most compelling (and controversial) arguments centers on rent inflation, a major component of the Consumer Price Index (CPI). He posits that changes in U.S. immigration policy have dramatically reduced population growth fueled by immigration, leading to a corresponding decrease in demand for rental housing.

If this trend continues, Moran predicts a substantial decline in rent inflation, which should naturally pull overall inflation lower. While questioning the consistency of the underlying immigration data, the macroeconomic impact is undeniable: less demand for housing means less pressure on prices, potentially giving the Fed room to ease.

In Moran’s view, these shifts mean the current high rates are unnecessarily stifling economic activity, and the Fed is risking a slowdown by sticking to its restrictive policy.

To understand Moran’s dissent, it is crucial to grasp the concept of the neutral rate. In a sound money economy, interest rates are determined by the natural supply and demand for capital, varying based on borrower risk, loan duration, and market liquidity. The neutral rate ($r^{*}$) is essentially the equilibrium point where the economy hums along without overheating or stalling.

Crucially, the Fed never truly aims to set rates at $r^{*}$.

Instead, the Fed uses monetary policy to deliberately influence the economy. When inflation is high, they set rates above the neutral rate (restrictive policy). When the economy needs a jolt, they set rates below the neutral rate (stimulative policy). Moran’s argument is simply that the Fed’s current “restrictive” setting is far too high because $r^{*}$ itself has fallen.

While Moran’s economic arguments about inflation and supply-side effects are compelling, the video from Heresy Financial emphasizes that the debate over $r^{*}$ pales in comparison to the unavoidable fiscal reality facing the United States.

The U.S. is currently burdened with over $37 trillion in national debt, pushing its debt-to-GDP ratio beyond the levels seen immediately following World War II.

This staggering debt load, financed heavily through short-term Treasury bills (T-bills), creates massive pressure for the Fed to lower interest rates—not for the health of the economy, but to reduce the government’s rapidly soaring borrowing costs.

High interest rates mean the government must pay crushing amounts simply to service its outstanding debt. Lowering rates on T-bills offers a temporary “band-aid,” providing immediate relief to the Treasury’s balance sheet.

The pressure to lower rates is therefore less about hitting the theoretical neutral rate and more about avoiding a fiscal crisis driven by unsustainable borrowing.

Ultimately, manipulating interest rates through Fed policy is only a short-term fix for a monumental structural problem. Whether Steven Moran is correct about the neutral rate being lower is secondary to the fact that the nation’s debt requires aggressive fiscal management.

Sustainable resolution cannot come from monetary easing alone. It requires genuine economic growth and increased production, generating a larger tax base and more taxable wealth to support massive government finances. Until that fiscal commitment is made, arguments over the neutral rate serve mainly as distractions from the looming debt ceiling.

For a deeper dive into the specific quantitative easing mechanisms, the implications of the debt crisis, and Governor Moran’s full analysis, watch the full video from Heresy Financial.

https://youtu.be/15W-VSiEo7o

Iraq Economic News and Points To Ponder Thursday Afternoon 9-25-25

Prime Minister's Advisor: Slight Increases In The Exchange Rate And Positive Economic Indicators

Time: 2025/09/25 14:49:08 Read: 480 times  {Economic: Al Furat News} The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed that the "minor" increases in the exchange rate in the parallel currency market have had no real impact, noting that these increases are "temporary."

Saleh told Al Furat News Agency that the annual inflation rate remains below 3%, which he considered "a remarkable success for economic policy over the past three years."

He added that this policy was accompanied by "a decrease in unemployment to approximately 13%," in addition to the launch of "extensive construction projects" that contributed to achieving economic growth consistent with the 2024-2028 National Development Plan, which targets real GDP growth of more than 4%.

He explained that economic policy is proceeding on its three axes (monetary, fiscal, and commercial) to confront any inflationary pressures, stressing that annual inflation rates in Iraq have fluctuated "below 3%" for the third consecutive year, demonstrating the success of economic policy in achieving stability, particularly monetary policy, which considers price stability and maintaining the purchasing power of the dinar as its primary objective.   LINK

New Rise In Dollar Prices In Baghdad

Economy | 09/25/2025   Mawazine News – Baghdad   The US dollar exchange rate rose on Thursday morning in Baghdad markets and in Erbil, the capital of the Kurdistan Region.

The dollar price rose on the Al-Kifah and Al-Harithiya stock exchanges to 141,950 Iraqi dinars for every $100, while yesterday, Wednesday, the price was recorded at 141,450 Iraqi dinars for every $100.
Selling prices also rose in exchange shops in local markets in Baghdad, where the selling price reached 143,000 Iraqi dinars for every $100, and the buying price reached 141,000 dinars for every $100. https://www.mawazin.net/Details.aspx?jimare=267363

Prime Minister: A Historic Agreement Has Been Reached To Export Oil From The Region's Fields Through The Iraq-Turkey Pipeline

Thursday, September 25, 2025, | Economics Number of readings: 132 Baghdad / NINA / Prime Minister Mohammed Shia al-Sudani announced reaching a historic agreement to export the region's oil fields through the Iraqi-Turkish pipeline.

Al-Sudani said in a post on the X platform: Today we reached a historic agreement under which the Federal Ministry of Oil will receive the crude oil produced from the fields located in the Kurdistan Region and export it through the Iraqi-Turkish pipeline.

He added, "This ensures the equitable distribution of wealth, diversifies export outlets, and encourages investment, and it is an achievement we have waited for 18 years." /End https://ninanews.com/Website/News/Details?Key=1253729

After Rising Levels, Oil Prices Record Weekly Losses.

Economy |  09/25/2025   Mawazine News - Follow-up:  Oil prices fell as investors booked profits after hitting a seven-week high in the previous session on a surprise drop in weekly US crude inventories and concerns that Ukrainian attacks on Russian energy infrastructure could disrupt supplies.

Brent crude futures fell 18 cents, or 0.26%, to $69.13 a barrel, while US West Texas Intermediate (WTI) crude futures fell 20 cents, or 0.31%, to $64.79 a barrel.  Both contracts rose 2.5% in the previous session.

Prices received support after US crude oil inventories unexpectedly fell by 607,000 barrels in the week ending September 19, the Energy Information Administration announced on Wednesday. https://www.mawazin.net/Details.aspx?jimare=267359

Al-Sudani: The Financial And Economic Achievements And Reforms Achieved Are The Result Of The Distinguished Efforts Of Employees

Thursday, September 25, 2025, | Economics Number of reads: 267  Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani stressed that the financial and economic achievements and reforms achieved are the result of the distinguished efforts of employees.

The Prime Minister said during his patronage of the National Job Day ceremony, which was adopted by the government at the level of all Iraqi governorates, and witnessed the honoring of distinguished employees with stories of sacrifice, creativity and success.

The Prime Minister said that without the sacrifices of the martyrs, their families and the wounded, we would not have reached this level of security and stability that enabled the state to carry out its duties in the areas of reconstruction, development and service provision. He

pointed out that there are thousands of stories that speak of employees' giving, dedication and service to the homeland.

Al-Sudani stressed the government's keenness to celebrate this day, evaluate and meet the elites whose performance was characterized by giving, diligence, dedication and duty, an approach that has been ongoing for 3 years, explaining that the Iraqi employee is committed to a system of values ​​and ethics, and that without the sacrifices of the martyrs, their families and the wounded, we would not have reached this level of security and stability that enabled the state to carry out its duties in the areas of reconstruction, development and service provision.

Al-Sudani pointed out that there are thousands of stories that speak of employees' giving, dedication, and service to the country, and that these stories must be taught to our children. Today's honoring is a recognition of what they offer and a message that someone is evaluating, monitoring, and diagnosing.

He explained that the presence of a group of distinguished employees with us today does not negate the distinction of others, but rather is a matter of competition to provide the best services and performance, each according to his specialization and duties, in fulfilling his role and duty, which is religious, national, and moral.

He explained that there are those who deliberately raise and generalize negatives in light of the current circumstances, and try to distort the image of the employee by raising a negative phenomenon or implicating a weak-willed person in financial or administrative suspicions, stressing the government's addressing all sources of shortcomings as part of the government's priorities in combating financial and administrative corruption.

He explained that the achievements made throughout Iraq, and the financial, administrative, and economic reforms, are the result of the efforts of employees who represent a pillar in implementing the government program.

He continued that one of the most important basic factors in restoring trust with citizens is the performance of employees.

He pointed out that the citizen is able to assess any defect in job performance and evaluate his position on the elections based on the services provided.

He said: We have achieved a qualitative shift in terms of equality between private sector workers and the government sector to absorb the largest number of graduates to work in the private sector.

He added that economic reform cannot be achieved without financial and banking reform, and Iraq has achieved an important accomplishment that has made it trusted by financial institutions.

He stressed that international banks have taken the initiative to enter the Iraqi banking sector, and we have established relationships with all international financial institutions.

He continued that state institutions and the civil service sector are concerned with the success of the private sector experience, which contributes to creating a new work reality and job opportunities.

He stressed the importance of reform and supporting the private sector as a partner in solving problems in services, housing, agriculture and other fields.

Al-Sudani said that the government has achieved clear performance figures in implementing the priorities of its government program, through the best elite of employees.  He explained that the achievements made are much greater than what some are trying to downplay. /End   https://ninanews.com/Website/News/Details?key=1253701

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

“Tidbits From TNT” Thursday 9-18-2025

TNT:

Tishwash:  Trade Bank of Iraq launches direct delivery service for electronic cards.

The Trade Bank of Iraq announced today, Thursday, the launch of a direct delivery service for electronic cards.

A statement from the bank, received by Al-Eqtisad News, stated that "to facilitate customers, it has been decided to activate the direct delivery service for electronic cards."

The bank added, "We announce the activation of the electronic card delivery service in Baghdad and all governorates to ensure their safe and timely arrival." link

Tishwash:  Indonesian Ambassador: Invites Karbala merchants to participate in a trade fair in his country

The Indonesian Ambassador to Iraq, Didik Eko Pujianto, invited merchants from the holy Karbala Governorate to participate in a trade fair to be held in his country next month, stressing his country’s desire to invest in Iraq and Karbala in the fields of medicine, leather industries, electricity, and other projects.

The Indonesian ambassador told Al-Mustaqilla on the sidelines of his visit to the Karbala Chamber of Commerce and his meeting with the chamber’s president, Zaman Sahib Abdul Awad, “We discussed strengthening and deepening bilateral relations between the two countries, opening new horizons for joint cooperation to stimulate trade exchange, and we are working to facilitate procedures for obtaining entry visas.”

 For his part, the head of the Karbala Chamber of Commerce said in a statement to Al-Mustaqilla after his meeting with the Indonesian ambassador, “We invited Indonesian traders, companies and businessmen to see and learn about the most important investment opportunities in the province.”

In addition, the Chamber's Vice President, Saeed Shukr, emphasized to the Indonesian Ambassador the importance of reviewing the Iraqi investment law to benefit from it, and to encourage Indonesian companies to establish projects, especially medical projects, to be of a standard befitting the quality of the holy Karbala Governorate, and the necessity of these companies obtaining approvals from the Iraqi Ministry of Health.

Chamber Board Member Mohammed Al-Hussaini concluded by stressing the need for Indonesian companies to visit Karbala Governorate and see for themselves the investment opportunities.

The delegation called for "facilitating the issuance of entry visas to Karbala merchants, as this would have a positive impact on strengthening and deepening economic relations."  link

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Tishwash:  Parliament on the brink of closure: MPs' salaries exceed 400 billion dinars

The Council has been inactive for 14 months... and Al-Mashhadani was looking for a "religious fatwa"!

MPs are estimated to have received more than 122 billion dinars in wages, salaries, and services during this current session, "without work" due to the suspension of sessions.

Parliament failed to hold more than 100 sessions during its fifth session, including only 12 sessions during the past 11 months.

Based on this poor performance, it is likely that September will be the last day of the parliament's term, which is supposed to extend its term until early 2026.

Last Tuesday, parliament failed to hold its session for the second time in the same week due to a lack of quorum.

Yasser al-Husseini, an independent MP, told Al-Mada, "Political disagreements over important laws led to the suspension," including a law related to Saudi investments in Iraq.

Al-Husseini asserted that "most MPs are busy preparing for the elections," scheduled for November 11. statement issued after a presidential meeting in parliament last Tuesday described MPs' attendance at sessions as "a national duty that cannot be postponed," following the failure of the last two sessions.

The statement, following a meeting between Parliament Speaker Mahmoud al-Mashhadani and his deputies, Mohsen al-Mandalawi and Shakhwan Abdullah, emphasized "the importance of the presence of parliamentary bloc heads and MPs at the upcoming sessions and their active participation in voting on vital laws."

Parliament published the agenda for the sessions of Monday and Tuesday earlier this week, which included a number of laws described as important.

In a video address, Deputy Speaker Shakhwan Abdullah expressed his regret over the lack of a quorum for the parliamentary session last Tuesday, despite the presence of important laws and legislation on the agenda.

He added that no more than 50 MPs were present, despite the 130 MPs who signed the attendance list. He explained that this was unacceptable, given that many MPs travel from outside Baghdad to attend the sessions.

Full salaries, no cuts!

Last August, Parliament imposed fines on MPs who miss sessions, deducting one million dinars from the salary of each MP absent from a single session. The number of absentees ranged between 100 and 150 MPs per session.

However, it appears that MPs have found a way around this punishment, sitting in the parliament cafeteria without attending sessions, thus avoiding salary cuts.

Mohammed al-Ziyadi, a representative of the Muntasiroun bloc, affiliated with Kata'ib Sayyid al-Shuhada leader Abu Alaa al-Wala'i, told Al-Mada: "We are not school students... MPs can express their opinion by boycotting and not attending sessions, but what matters is that they attend parliament."

In the past, al-Mashhadani, the last parliament speaker, hesitated to cut the salaries of absent MPs, although he said in March 2025 that he was seeking a "fatwa from the Najaf Martyrdom" regarding MPs' attendance at sessions, describing the current session as "the worst."

MPs like Yasser al-Husseini believe that "dismissing the absent MP," rather than simply cutting their salaries, will prevent others from being absent, explaining that "constitutionally, parliament's term is supposed to end on January 8, 2026."

The parliamentary term consists of four legislative years, each of which is divided into two terms, each extending for eight months, with a four-month recess.

This parliament was suspended for three months after the elections, and has two presidents since the removal of former President Mohammed al-Halbousi at the end of 2023.

So far, since its first session on January 9, 2022, the current parliament has only been able to hold 149 sessions out of approximately 265.

This means that parliament has not functioned for 14 months, but during that period, it has received full salaries and expenses amounting to more than "122 billion and 500 million dinars."

According to some reports, each member of parliament receives a monthly salary of 8 million dinars, in addition to 16 million dinars in protection allowances and 3 million dinars in rent allowances for members of parliament not residing in Baghdad, bringing the total monthly salary of each member of parliament to 27 million dinars.

The total annual cost of salaries and allowances for all 329 members of parliament amounts to more than 426 billion dinars.

"Hibernation Time"

Ghaleb Al-Dami, a political affairs researcher, says that "Parliament has now entered the winter hibernation phase.

" Al-Dami added to Al-Mada: "Most of the members of parliament are candidates and are busy campaigning in the governorates," predicting that this September will be "the last day of parliament."

The worst performance of the sessions this term occurred during the tenure of its current speaker, al-Mashhadani, who was only able to hold 12 sessions in 11 months, at a rate of one session per month instead of the usual eight.
For his part, Ziad al-Arar, an academic and researcher, said that "political disagreements between bloc leaders from all parties have brought parliamentary work to a near-standstill."

He added to Al-Mada: "There are clear disagreements between Speaker al-Mashhadani and his deputy, al-Mandalawi, and the Sunni forces, as well as a lack of trust among the leaders of the political scene."

Al-Arar pointed out that, due to these disagreements, the heads of the parliamentary blocs are "upset with each other and are not attending the sessions."

The researcher believes that the origin of the disagreement was on the day al-Mashhadani was elected (late October 2024), due to objections to his assumption of the position.

His election was a "gracious response" to the parliament speaker's previous positions with some political parties.  link

Dang!!! -- These Young ""Felines"" are Tough!!! 

Mot:  . Yes - This actually happened and caused 16 accidents !!! 

This actually happened: they dressed up the truck with a guy tied down on the roof, while the driver and passengers wore moose heads.

They drove down Interstate I-35 and caused 16 accidents.

Yes, they went to jail, yes, they were so drunk, and yes, men cannot be left alone.

Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 9-17-25

Good Afternoon Dinar Recaps,

BRICS Members Russia & India Continue Oil Deals Despite Sanctions

Energy trade exposes the limits of U.S. sanctions and highlights the financial restructuring already underway.

BRICS Oil Remains in the Limelight
Russia and India, both BRICS members, are continuing oil deals despite U.S. sanctions and direct pressure from President Trump. According to British analytics firm Vortexa, Russian crude will remain a key part of India’s import basket because it is simply too competitive to ignore.

“Despite tightening fleet dynamics and Western pressure, Russian supply is too significant and competitively priced for India and China,” Vortexa analysts wrote.

This demonstrates a fundamental truth: political sanctions can set the tone, but economics and financial systems determine the outcomes. Energy trade has become one of the clearest arenas where de-dollarization is not just talked about, but actively practiced.

Settlements Outside the Dollar
Russia’s energy sales to India and China are increasingly settled in yuan, rubles, and even rupees — not in U.S. dollars. This bypass of dollar-denominated oil markets is a direct example of global finance restructuring in real time.

• China pays in yuan through its expanding trade settlement system.

• India experiments with ruble and rupee arrangements to secure supplies.

• Russia gains strategic advantage by pricing outside the U.S. financial network.

This is not just politics; it’s a rewiring of how the world pays for energy — the backbone of the global economy.

Western Pressure Meets Economic Reality
The U.S. and its allies argue that buying Russian oil supports the conflict in Ukraine. Sanctions and threats are designed to choke off Russia’s revenues. Yet, as Vortexa notes, India and China cannot afford to cut ties when Russian oil is priced below global market levels.

This clash illustrates the tagline point: the structure of trade and settlement is shifting beneath the surface, weakening the dollar’s central role and empowering alternative systems.

Why This Matters
Energy is the foundation of global finance. If BRICS members normalize oil trade outside the dollar — whether in yuan, rubles, or rupees — it accelerates the broader de-dollarization trend. The White House may try to enforce sanctions, but the balance of power is moving.

This shift in oil trade shows that sanctions are no longer a guarantee of compliance. Instead, they are hastening the diversification of global finance and exposing the limits of U.S. influence.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™ Exclusive
Sources: Watcher Guru, Vortexa

~~~~~~~~~

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“Tidbits From TNT’ Wednesday Morning 9-17-2025

TNT:

Tishwash:  Iraq and the Kurdistan Region reached an oil agreement

The Iraqi Council of Ministers voted on two decisions on the mechanism of dealing with foreign oil companies and the issue of oil in the Kurdistan Region.

The Kurdistan Regional Government (KRG) and the Iraqi Federal Government have reached an agreement on the handover of Kurdistan Regional Government (KRG) oil to Baghdad. According to the new agreement, only 50,000 barrels of oil produced in the Kurdistan Region will be recycled for domestic consumption, while the rest will be handed over directly to SOMO.

The Iraqi Council of Ministers has welcomed the latest steps taken by the Oil Ministry and the Ministry of Natural Resources to resume oil exports.

The Council of Ministers decided that the oil extraction fee for foreign companies, which is set at $ 16 per barrel, will no longer be paid in cash and instead, the amount of oil equivalent to their financial entitlements and companies themselves will be responsible for selling it It is oil in the markets.

Second: Approval of a tripartite agreement between the Kurdistan Region, Baghdad and companies: The Iraqi Council of Ministers gave initial approval to conclude a tripartite agreement between the Kurdistan Regional Government, the Iraqi Federal Government and foreign oil companies.

The condition for implementing this decision is that the Iraqi government submits the contract to the advisory committee of the Iraqi Oil Ministry. The committee is expected to give its final answer within the next 48 hours, so that the tripartite deal can be formalized and go into effect.  link

Tishwash:  cover for currency smuggling

The Shadow Economy in Numbers: Tons of Gold Worth Billions of Dollars to Make Up for the "Black Dollar" Shortage

In a volatile economic landscape dominated by weak oversight and a fluctuating local currency, gold in Iraq has transformed from a traditional commodity into a central financial instrument, simultaneously reflecting internal crises and external conflicts.

Figures announced for the first half of 2025 revealed imports exceeding $30 billion from five major countries, led by the UAE with $10.5 billion, followed by China with $8.8 billion, Turkey with $4.9 billion, the European Union with $3 billion, and India with $1.8 billion.

Among these imports, precious metals—led by gold—were valued at $3.3 billion, confirming that this sector now occupies an exceptional position in the structure of Iraqi trade.

Given the restrictions imposed by the US Treasury Department since 2023 on bank transfers, gold has emerged as an alternative channel to compensate for the dollar shortage. Instead of outflowing hard currency through official remittances, importing gold in large quantities has become a means of recirculating funds, whether by re-exporting it to neighboring countries such as Turkey, bartering it for Iranian goods, or even using it as an asset that can be easily liquidated away from the banking system.

According to economic estimates, gold has become a "practical cover" for dollar smuggling operations, as it is imported through official outlets but redirected through unregulated financial channels. This dual role makes the precious metal not just a commodity, but an alternative instrument that rivals the dollar in influence.

Previous data reveals that 2024 marked a shocking turning point, when the value of gold imports reached $12.5 billion, equivalent to 16% of the country's total imports. This figure is roughly equivalent to the Central Bank's entire gold reserve of $18 billion. In the absence of accurate data on the entry points through which the gold was imported or its internal distribution mechanisms, questions have grown about the final destination of these quantities:

Was it actually consumed in the local market, re-exported, or used as a barter instrument in undisclosed trade relations?

This shift is no longer a purely financial matter. In the markets, rising gold prices have directly impacted daily life. A Baghdad Today correspondent observed a widespread recession in goldsmith shops, with the price of a 21-karat gold misqal exceeding 730,000 dinars, while 24-karat gold jumped to more than 830,000 dinars, coinciding with the global price of an ounce exceeding $3,600.

 These figures have prompted many young people to postpone marriage and imposed new burdens on families with the inflated dowries. Social affairs experts warn that the phenomenon is no longer merely a market crisis, but rather a threat to the fabric of society by deepening the phenomenon of aversion to marriage and delaying the age of starting a family.

Given these facts, economic expert Manar Al-Abidi stressed that "government efforts to control imports face significant challenges, particularly with the attempt to include all goods in the reform at once." He called for "focusing primarily on high-value goods such as gold, and linking transactions with them to transparent electronic payment mechanisms that allow tracking of sales and purchases and identifying the ultimate beneficiary." According to institutional estimates, automating the gold sector alone is sufficient to expose financial loopholes and close the door to its exploitation as a cover for parallel operations.

From a different perspective, economic expert Nasser Al-Kanani believes that the crisis is not limited to Iraq alone. "The recent rise in gold prices in the Iraqi market is inseparable from the global wave affecting the precious metal," Al-Kanani says, explaining that "the local market is affected by a dual effect: the movement of international stock exchanges and the dollar exchange rate on the parallel market."

 This approach reveals that Iraq, despite its unique crises, remains part of a global cycle that makes gold a safe haven for investors amid escalating geopolitical tensions. He also notes that the price rise is not just a local result, but a reflection of global shocks.

In a move described as a strategic shift, Al-Kanani revealed that "Iraq's purchase of more than 20 tons of gold in one year, and its rise to seventh place globally in this field, reflects a calculated move by the Central Bank to protect the national economy from fluctuations in foreign exchange rates."

This move, according to Al-Kanani, "gives Iraq greater flexibility in managing monetary policy, enhances confidence in the local economy, and may positively impact the value of the dinar and market stability."

However, this path remains fraught with risks, as gold could transform from a strategic asset into an open channel if smuggling operations continue or oversight is absent.

In conclusion, gold in Iraq has transcended its status as a commodity and has become a crossroads between three possibilities: an economic buffer, a pressing social burden, and a card of political influence. However, the lack of strict oversight also makes it an open loophole that could transform into a permanent channel for dollar smuggling or bartering with neighboring countries, away from the banking system.

This exposes the country to further exposure to external pressures. The future of this resource will not be determined by the volume of tons entering the market, but rather by the state's ability to control its flow and prevent its leakage into the shadow economy. This would transform it from a source of concern to an element of strength, and from a parallel tool for currency smuggling to a strategic asset that reinforces confidence in the dinar and Iraqi financial policy, according to observers.  link

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Tishwash:  Judicial expert: Implementing Article 140 will solve Khanaqin's problems

Judicial expert Arkan Kakayi stressed the need to implement Article 140 of the Constitution to address the problems facing Khanaqin district, emphasizing the need to hold those who fail to perform their duties accountable and to monitor the implementation of projects in the district.

During his appearance on the Iraqi Affairs program with Faiq Yazidi, Kakai said that Khanaqin is a disputed area and a city of peaceful coexistence. He added that Khanaqin suffers, especially during the summer, from power outages, water scarcity, and a lack of job opportunities and appointments for young people and university graduates.

He pointed out that the failure to implement Article 140 of the Constitution is the most prominent problem facing Khanaqin district, stressing that implementing Article 140 has become a dream for the people of  Khanaqin and other disputed areas

Arkan Kakayi: Khanaqin has the makings of a province

Kakayi added that there has been no practical step so far from either the Kurdistan Region or the federal government to implement Article 140 of the Constitution, stressing that implementing Article 140 is a popular demand of the people of Khanaqin to address many of the judiciary's problems, including the non-recognition of graduates of Garmian University, agricultural land issues, and others.

He called for resolving the judiciary's problems and for there to be a clear path to achieving this.

Kakai pointed out that there are many problems regarding agricultural lands in Khanaqin, noting that the regime of the late Saddam Hussein deported many Kurdish citizens from the district, displacing them and confiscating their lands at that time. He noted that they demanded the formation of special committees to address this problem, expressing his hope that solutions would be reached and that the judiciary would move towards a better outcome on this issue.

Arkan Kakayi: There are many problems regarding agricultural lands in Khanaqin.

Kakai called for transforming Khanaqin district into a governorate, stressing that transforming the sub-districts into districts within Khanaqin's borders threatens the district and its geographical area. He pointed out that the late President Mam Jalal, the safety valve of Iraq, used to say, "Welcome to Khanaqin Governorate."

He emphasized that the people of Khanaqin hope that their district will be transformed into a governorate, stressing that the components of a governorate are available in Khanaqin district.

 Kakayi pointed out that the disagreements between the federal government and the Kurdistan Regional Government regarding Khanaqin stem from the failure to implement Article 140 of the Constitution, stressing that if this constitutional article were implemented, there would be no disagreements between the two sides regarding Khanaqin.

He emphasized that Khanaqin encompasses all ethnicities and sects, all of whom demand the implementation of Article 140 because its implementation is the final solution to the district's problems and the suffering of its people.

Arkan Kakayi: Khanaqin's water is polluted

On the other hand, Kakai pointed out that Khanaqin district suffers from contaminated drinking water, and citizens buy bottled water because the district's water is not fit for drinking and the water project in Khanaqin is old. He criticized the lack of oversight of the departments and institutions responsible for providing water to citizens, stressing that they are demanding the implementation of a new water project that serves the district's residents.

He also pointed out that the district is also suffering from an electricity crisis, as electricity has become non-existent and private generators are the ones that supply electricity to citizens' homes.

Regarding solutions and remedies for the judiciary's problems, Kakai said the judiciary needs to implement numerous projects, noting that a tourism project could be implemented at the Alwand Dam to attract tourists to the judiciary.

He also highlighted the need to implement service projects in the judiciary, emphasizing the need to hold accountable those who fail to perform their duties and to enact laws that punish those who obstruct projects and their implementation.  link

Mot: .. In Case YOu Ever Wondered - The Truth Be Known!!! 

Mot: Ya Gots to Do - What Ya Gots to Do!!!! 

“Tidbits From TNT” Monday 9-15-2025

TNT:

Tishwash:  The 85th meeting of the Central Bank Governors of the Gulf Cooperation Council (GCC) countries was held in Kuwait.

The Governors of the Central Banks of the Gulf Cooperation Council (GCC) member states held their 85th meeting in Kuwait on Sunday morning, September 14, 2025.

The meeting was chaired by Basil Al-Haroun, Governor of the Central Bank of Kuwait and Chairman of the current session of the committee, with the participation of the General Secretariat of the Gulf Cooperation Council.

The meeting discussed several topics of interest to the Gulf financial and banking sector, most notably ways to keep pace with international monetary and financial developments, enhance cooperation and integration among Gulf central banks, and follow up on the implementation of joint Gulf initiatives. 

The meeting also discussed the recommendations of the specialized technical committees in the fields of payment systems, banking supervision, modern financial technologies, cybersecurity, combating money laundering and terrorist financing, and other priority topics.

The meeting also included discussions on areas of cooperation with international partners, such as the People's Bank of China, the European Central Bank, and a number of global financial institutions, to enhance the position of the Gulf financial sector internationally.

This meeting was held as part of the periodic meetings of the GCC Central Bank Governors Committee, which constitutes a strategic platform for coordinating monetary and financial policies among GCC countries and enhancing joint cooperation, contributing to consolidating financial and monetary stability and supporting the goals of sustainable economic development in the GCC countries.  link

**********

Tishwash: The Foreign Minister arrives in Doha to participate in the emergency meeting of Arab foreign ministers and the Organization of Islamic Cooperation.

Foreign Minister Fuad Hussein arrived in the Qatari capital, Doha, on Sunday to participate in the emergency joint meeting of foreign ministers of member states of the League of Arab States and the Organization of Islamic Cooperation.

The Foreign Ministry said in a statement that this meeting is being held to discuss the repercussions of the aggression committed by the Israeli entity against the sisterly State of Qatar, and to consult on the unified Arab and Islamic positions towards these violations.  link

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

Tishwash:  Iraq Is Losing More Than $11 Million Every Day as Baghdad Blocks Kurdistan Oil Exports

Baghdad’s failure to pass an oil and gas law and its pressure tactics on Erbil have stalled Kurdistan’s exports, costing Iraq over $4 billion annually.

Iraq is losing more than $11 million every single day due to the continued suspension of oil exports from the Kurdistan Region, according to the ECO IRAQ Observatory, a specialized economic monitoring platform known for its independent assessments of the country’s energy and financial policies.

The observatory placed direct blame on Baghdad’s parliament for failing to resolve the long-standing dispute over oil and gas management.

The U.S.-based observatory on Saturday revealed that the Kurdistan Region was expected to export approximately 230,000 barrels of crude oil per day, in addition to allocating around 50,000 barrels for local consumption. With the cost of extraction and transportation standing at $16 per barrel and $1.5 in fees to Turkey for delivering crude to the Ceyhan port, the net profit per barrel remains substantial.

At an estimated price of $66 per barrel, the suspension of these exports translates into a staggering daily loss of $11.16 million, amounting to $334 million per month and over $4 billion annually in missed revenues for Iraq.

Despite these heavy financial losses, the federal government in Baghdad has failed to reach an agreement with Erbil, leaving negotiations shrouded in secrecy and accountability lacking.

The monitoring group held Iraq’s parliament directly responsible, accusing it of creating chaos by refusing to pass a long-awaited 'Oil and Gas Law' to regulate and manage the country’s oil and gas sector.

 A Chronic Dispute that Hurts All of Iraq

The ongoing deadlock over the Kurdistan Region’s oil exports is far from a mere technical disagreement. At its core lies Baghdad’s long-standing unwillingness to recognize the Region’s constitutional rights under the 2005 Iraqi Constitution, which granted the Kurdistan Regional Government (KRG) shared authority over natural resources.

Instead of honoring these commitments, successive Iraqi administrations have politicized oil exports, using them as a pressure tool against the people of Kurdistan.

For years, Erbil has argued that independent oil exports are essential to pay public salaries, fund infrastructure projects, and provide stability in a region that has already borne the brunt of wars, economic blockades, and hosting millions of displaced people.

Baghdad, however, has repeatedly resorted to financial blackmail, cutting salaries, and withholding the Kurdistan Region’s rightful share of the federal budget, all while demanding full control of oil revenues. 

This centralization of power has not only strangled the Kurdistan Region’s economy but also damaged Iraq’s international credibility. Foreign investors view Baghdad’s unpredictable policies and arbitrary interventions as a sign of instability, deterring long-term partnerships in the energy sector.

The failure to establish a comprehensive oil and gas law, despite two decades of promises, has left Iraq unable to fully capitalize on its resources, costing the country billions.

Political Stalemate and Hidden Agendas

Behind the scenes, negotiations between Baghdad and Erbil have remained closed to media scrutiny, fueling speculation that the Iraqi government is intentionally dragging its feet. Observers note that while Baghdad enjoys revenues from southern oil fields, it shows little urgency in resolving the crisis in the north, effectively punishing the Kurdish population while claiming to act in the interest of national unity.

The suspension of exports through the Iraq-Turkey pipeline since March 2023 has already deprived international markets of Kurdish oil, strained ties with Ankara, and weakened Iraq’s bargaining position globally. Yet, Baghdad has treated this issue as secondary, prioritizing political maneuvering over economic necessity.

Critics argue that this reflects Baghdad’s broader policy of undermining the Kurdistan Region’s autonomy. By blocking Erbil’s ability to export oil, Baghdad seeks to force the Region into submission, disregarding the severe financial and social consequences for millions of Kurdish citizens who rely on stable revenues to sustain daily life.

Kurdistan Pays the Price

The people of the Kurdistan Region ultimately pay the price for Baghdad’s failures. Delayed salaries, underfunded public services, and an economy held hostage by political disputes are daily realities. While Iraq as a whole suffers billions in losses, it is the Kurdish families, civil servants, and business owners who face the harshest impact.

Instead of fostering cooperation and equitable resource-sharing, Baghdad has weaponized oil policy, undermining the spirit of federalism and alienating the very partner that has been instrumental in stabilizing Iraq, particularly during the war against ISIS.

Until Iraq’s leaders demonstrate the political will to pass a fair oil and gas law and respect the constitutional rights of the Kurdistan Region, the crisis will continue to fester—bleeding Iraq’s economy, eroding investor confidence, and deepening mistrust between Baghdad and Erbil. link   

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Mot: Well - Yah!!!! 

Investment Report, Birth of IQD Rates, Babylon to Baghdad

Investment Report, Birth of IQD Rates, Babylon to Baghdad

Edu Matrix:   9-14-2025

The world of currency can be a fascinating, complex, and sometimes speculative place. Recently, a video from Edu Matrix, featuring the insightful Sandy Ingram, delved into the intriguing story of the Iraqi Dinar (IQD) and, more importantly, what its potential future means for your personal investment strategy.

Sandy Ingram kicks off the discussion by highlighting the widely perceived undervaluation of the Iraqi Dinar. She draws attention to recent statements from Iraq’s Prime Minister, who confidently asserted the nation’s vast oil reserves are sufficient to last for a century.

This isn’t just a geological fact; it’s a powerful economic indicator, implying a potential future revaluation or significant adjustment of the IQD.

However, Sandy wisely cautions that the exact timing and nature of such a shift are intertwined with complex global financial maneuvers, making it far from a simple prediction. While the allure of a rapidly appreciating currency can be tempting, her core message is a masterclass in prudent financial planning.

Regardless of any specific currency’s potential, Sandy Ingram emphasizes the timeless importance of diversifying investments. Her advice is straightforward and impactful: commit small, consistent monthly amounts into stable, proven assets. Think gold, real estate, and broad stock market investments, easily accessible through platforms like Acorns.

This strategy isn’t just about financial gains; it’s about psychological resilience. In an uncertain economic climate, the steady, incremental approach provides peace of mind and builds wealth over time, mitigating the risks associated with chasing speculative opportunities. It’s a testament to the power of compound interest and disciplined saving.

The Edu Matrix video then takes us on a captivating historical journey titled “Babylon to Baghdad: The Birth of the Iraqi Dinar,” illustrating just how deeply currency is woven into the fabric of a nation’s identity.

Imagine ancient Babylonia, 4,000 years ago, where barley and silver were the original forms of exchange. As empires rose and fell – the Assyrians, Persians, Greeks, and the magnificent Islamic Caliphates – so too did the systems of trade and finance evolve. It was during the powerful Abbasid Caliphate that the “dinar” first emerged as a significant unit of currency.

Fast forward through Ottoman and British rule, periods when different currencies held sway, until Iraq achieved independence in 1932. It was then that the modern Iraqi Dinar was born, initially pegged to the stable British pound, symbolizing a new era of national sovereignty.

The IQD enjoyed a “golden era” from the 1940s to the 1970s. Buoyed by burgeoning oil wealth, it was among the strongest currencies in the Middle East, a source of national pride and stability.

However, the late 20th century brought a storm of conflict. Wars in the 1980s, the invasion of Kuwait, and crippling international sanctions severely devalued the currency. Trust eroded, and many Iraqis turned to US dollars or gold as more reliable stores of value.

After 2003, new dinar notes were introduced in an effort to restore confidence and rebuild the economy. Yet, despite these efforts, the IQD largely remains a domestic currency with limited international trading, a stark reminder of its turbulent past.

The story of the Iraqi Dinar is more than just a financial chronicle; it’s a narrative of Iraq’s enduring resilience. It underscores a fundamental truth about money itself: it is not merely a medium of exchange, but a profound symbol of trust, national identity, and collective hope for the future.

While the future of the Iraqi Dinar continues to be a topic of interest and speculation, Sandy Ingram’s overarching message remains clear: a diversified, incremental investment strategy is the wisest path to financial security, regardless of the winds of global currency markets.

Ready to dive deeper into this fascinating history and gain more insights into smart investing?

Watch the full video from Edu Matrix for further information and a more detailed exploration of the Iraqi Dinar’s journey!

https://youtu.be/mqWGCTvvAhA

Seeds of Wisdom RV and Economic Updates Sunday Morning 9-14-25

Good Morning Dinar Recaps,

Out with the Old, In with the New: Global Shifts Point Toward an Asset-Backed Reset

Political upheaval, social unrest, and financial instability are converging to push nations toward gold and commodity-backed systems.

Cracks in the Old Order
Across the globe, nations are experiencing political turbulence and financial strain that reflect a deeper systemic shift. France has faced mass protests, leadership under pressure, and calls for a new constitution as frustration with inequality and EU policies mounts.

Other countries show similar signs:

• Germany – economic slowdown and energy dependency challenges.

• Italy and Spain – political instability and surging nationalist movements.

• United Kingdom – post-Brexit financial strain, leadership shakeups, and inflation battles.

• United States – debt crisis, Federal Reserve scrutiny, and debates over a digital dollar.

The common theme is clear: traditional governance and fiat-based economic systems are under strain, and populations are rejecting “business as usual.”

The People Rise Up
Public frustration is no longer limited to economic complaints — it’s spilling into the streets. In London, a “Unite the Kingdom” rally led by activist Tommy Robinson drew more than 100,000 people, with unofficial estimates placing the crowd in the millions. Protesters framed the march around migration, free speech, and national identity. Signs reading “Freedom of speech is dead. RIP Charlie Kirk” highlighted how the recent assassination of U.S. conservative activist Charlie Kirk has become a rallying cry across borders.

Meanwhile in Spain, the Vuelta cycling race became a stage for anti-Israel protests. Demonstrators waving Palestinian flags interrupted multiple stages, demanding international accountability for Gaza and calling for the expulsion of Israel’s team from the race. These protests, tacitly endorsed by Spain’s government, escalated into a diplomatic standoff with Israel — showing how grassroots uprisings are now capable of shifting state-level policy.

From London’s nationalists to Spain’s pro-Palestinian activists, the message is similar: citizens no longer trust their governments or global institutions to represent them, and are forcing their voices into the spotlight.

The Fiat System at a Breaking Point
Decades of debt-fueled monetary policy and central bank dominance appear to be reaching their limits. Nations burdened with unsustainable debt are edging closer to default. The cracks in the fiat model are accelerating the search for alternatives.

The Push Toward Asset-Backed Finance
BRICS and its expanding membership — including countries like Saudi Arabia, Egypt, and the UAE — are openly advancing gold-backed trade settlement. Commodities, particularly oil and gold, are reemerging as the anchors of global exchange, replacing the “paper promises” of fiat currency.

This transition is not just financial but political. In France, the potential collapse of the Fifth Republic could pave the way for a Sixth Republic shaped by new economic alignments, perhaps closer to BRICS models.

Global Power Realignment
The shift from “old guard” to “new system” is underway:

• IMF, BIS, and G7 dominance is waning.

• Sovereign wealth funds and asset-backed currencies are gaining traction.

• Central banks face pressure to adapt, with gold now recognized as a tier-1 asset under Basel III standards.

Leadership changes are only the surface; the deeper transformation lies in the control of money and credit. If a nation like France reorients its financial system, ripple effects could reshape the EU, NATO, and the global balance of power.

Proof and Reality Check
There is undeniable evidence of instability: widespread protests, resignations, assassinations, and the rise of BRICS’ gold-based trade mechanisms. Citizens are openly challenging their governments, while governments themselves are repositioning financially and diplomatically. Yet, while the pieces of a new financial order are falling into place, there is no definitive proof of a single coordinated system set to roll out immediately. The global shift remains in motion — marked by positioning, negotiations, and speculation.

Why This Matters
From Europe to the U.S. to BRICS, the story is the same: the old fiat model is faltering, and asset-backed systems are emerging as the next chapter in global finance. The uprisings in London and Spain are not isolated events — they are symptoms of a deeper rupture between governments, people, and the financial order underpinning them. The world may soon witness a coordinated reset where sovereignty, real assets, and multipolar structures replace the debt-driven order of the past.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™ Exclusive

Sources:

• AP News – London Protest

• OPB – Anti-Israel Protests at Spanish Vuelta

~~~~~~~~~

US Senators Accuse JPMorgan Chase, Bank of America, Wells Fargo of Threatening US Financial Stability and Risking Another Taxpayer Bailout – Here’s Why

Warren and Sanders warn that megabank stock buybacks and dividend hikes are setting the stage for another financial crisis.

Senators Sound the Alarm
U.S. Senators Elizabeth Warren (D-MA) and Bernie Sanders (I-VT) are taking aim at the nation’s largest banks, accusing them of placing the “entire economy at risk” through massive stock buyback programs and dividend increases.

The senators argue that JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley are prioritizing wealthy shareholders and executives over financial stability and consumer benefits.

The Numbers Behind the Accusation

• JPMorgan Chase: $50 billion stock buyback, dividend increase of 7.1%

• Bank of America: $40 billion stock buyback, dividend increase of 7.6%

• Wells Fargo: $40 billion stock buyback, dividend increase of 12.5%

• Citigroup: $20 billion stock buyback, dividend increase of 7.1%

• Goldman Sachs: $40 billion stock buyback, dividend increase of 33%

• Morgan Stanley: $20 billion stock buyback, dividend increase of 8.1%

In total, these megabanks are directing roughly $210 billion to shareholder enrichment.

Echoes of 2008
Warren and Sanders stress that the rollback of capital requirements under the Trump administration has left Wall Street dangerously exposed. Reduced buffers increase susceptibility to economic shocks and raise the likelihood of another government bailout.

They warn that undercapitalization of major banks was a root cause of the 2008 financial crisis and the deep recession that followed.

Why This Matters
While Wall Street celebrates higher dividends, critics argue that these practices are draining capital from the system instead of fortifying it. If another crisis emerges, taxpayers could once again be forced to foot the bill for bailouts.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™
Source: Daily Hodl

~~~~~~~~~

Trump Warns NATO: Russian Oil Buys Are “Shocking,” Threatens Harsh Sanctions

Trump pushes NATO to stop Russian oil imports and proposes steep tariffs on China as geopolitical tensions rise.

Trump Targets NATO’s Russian Oil Purchases
President Trump has criticized NATO allies for continuing to buy Russian oil, calling the purchases “shocking” and a sign of weak commitment to defeating Russia. He warned that he is prepared to impose major sanctions on Moscow — but only if all NATO members act together.

Trump argued that by buying Russian oil, NATO allies weaken their negotiating power and prolong the war in Ukraine.

Proposed Tariffs on China
In addition, Trump has urged NATO to adopt sweeping tariffs of 50–100% on China until the war ends. He says such measures would pressure Beijing to abandon its support for Moscow and accelerate a resolution.

Trump also reiterated that the war “would never have started” under his presidency, placing blame on President Biden and Ukraine’s President Zelenskyy.

Rising Pressure on Putin
In a Fox News interview, Trump warned that his patience with Russian President Vladimir Putin is “running out fast.” He has previously threatened to sanction countries that buy Russian oil, including China and India. While he placed a 25% tariff on Indian goods for continuing to import Russian oil, he has not taken equivalent measures against Beijing.

Escalating Tensions in Europe
Recent Russian drone incursions into Polish airspace — a NATO member — have heightened tensions. The U.S. has reaffirmed its pledge to defend “every inch of NATO territory.” Meanwhile, peace talks remain stalled as Ukrainian President Zelenskyy insists that Russia still seeks to seize all of Ukraine.

Crypto Market Reaction
Despite the geopolitical volatility, crypto markets remain steady.

• Bitcoin has held above $115,000

• Altcoins are trading in green, fueling talk of a potential “Altcoin season”

• Global crypto market cap: $4.19 trillion, up 1.9% in the past 24 hours

Investor commentary highlights that U.S. markets overall are hitting record highs across gold, equities, and money supply (M2), while the national debt climbs and inflation remains at 2.9% — still above the Fed’s target.

Why This Matters
Trump’s proposals merge energy, trade, and geopolitics into a single pressure campaign with global consequences. From oil flows to tariffs to crypto resilience, his words continue to ripple across markets and alliances.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™
Source: Coinpedia

~~~~~~~~~

BRICS Grows As 1,700 Banks Process 175 Trillion Chinese Yuan Payments

China’s CIPS payment system is accelerating global de-dollarization, with record cross-border yuan transactions.

Record Growth in CIPS Payments
BRICS member China’s Cross-Border Interbank Payment System (CIPS) processed more than 175 trillion Chinese yuan ($24 trillion) in payments, according to The Economist. This marks a 43% jump from 2023, as over 1,700 banks worldwide now participate in the yuan-based payment network.

Banks from countries including Turkey, Mauritius, and BRICS member UAE are actively facilitating yuan transactions. CIPS has also expanded into Africa and the Middle East, extending its reach across 33 market sectors — most operated by Chinese institutions.

China’s Push for Yuan Dominance
CIPS serves as a clearing and settlement infrastructure for cross-border yuan transactions, directly challenging the U.S. dollar’s role in global trade. By allowing manufacturers and international businesses to settle in yuan, China is reducing dependence on the greenback while strengthening its financial self-reliance.

The Xi Jinping administration has aggressively promoted the yuan within BRICS and beyond, with the goal of embedding it into global trade networks.

Dollar Distrust Deepens
Emerging economies are increasingly wary of the U.S. dollar, citing Washington’s use of the currency as a geopolitical weapon. Trump-era tariffs and ongoing trade wars have only reinforced this distrust. As a result, countries are accelerating settlement in yuan and other local currencies, moving away from dollar-based transactions.

Why This Matters
The rapid growth of CIPS highlights how BRICS is steadily building an alternative to the dollar-dominated financial system. If yuan settlements continue to surge, the U.S. dollar could face a historic decline, with ripple effects that may reshape global markets and fuel inflationary pressures in the American economy.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™
Source: Watcher Guru

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Thursday Morning 9-11-25

Good Morning Dinar Recaps,

GOP Crypto Bill Faces Setback as Senator Warns “We’re Not Ready”

Internal GOP rift threatens timeline for sweeping U.S. digital asset legislation

Kennedy Pushback Threatens Scott’s September Deadline
Senate Republicans are facing fresh divisions over digital asset legislation, as Sen. John Kennedy (R-La.) signaled Wednesday that the Banking Committee is “not ready” to advance a landmark cryptocurrency market structure bill this month.

ennedy’s remarks directly challenge Chairman Tim Scott’s pledge to mark up the bill before September 30. “People that I talk to still have a lot of questions. I know I still have a lot of questions,” Kennedy told reporters.

The legislation would divide oversight of digital assets between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Kennedy warned that the framework risks giving the crypto industry too much influence over the process.

Scott’s Efforts to Build Momentum
Scott’s office has defended the push, noting that Republicans have reviewed thousands of pages of stakeholder feedback and consulted with more than 160 industry participants since June.

“The House has already acted, and the Senate should not fall behind,” said Jeff Naft, Scott’s spokesperson, referencing the House-passed CLARITY Act in July.

Meanwhile, Republicans earlier introduced the GENIUS Act, which established rules for U.S. dollar-pegged stablecoins. Kennedy, however, dismissed that effort as a “baby step” compared to the broader overhaul now under debate.

Crypto Industry Pushes for Action
Industry leaders have lined up behind Scott’s September deadline. Coinbase CEO Brian Armstrong described it as “a clear path forward,” while Andreessen Horowitz’s Colin McCune called comprehensive regulation “sorely needed for years.”

The sector has poured hundreds of millions of dollars into Washington lobbying to secure long-awaited clarity.

Democratic Skepticism Grows
Doubts about the bill are not limited to Republicans. Sen. Andy Kim (D-N.J.) argued that pushing the bill forward this month would be “a mistake,” while other Democrats have urged Republicans to slow the process.

In early September, twelve Democratic senators unveiled their own framework, marking the party’s first coordinated position on crypto regulation this year. Their plan emphasized:

• Stronger disclosure requirements

• Mandatory registration of platforms with FinCEN

• Expanded SEC and CFTC oversight

• Restrictions on lawmakers profiting from digital assets

Momentum for CLARITY Act Fades
Expectations for swift passage are fading. Prediction platform Polymarket now gives the CLARITY Act just a 32% chance of becoming law in 2025—down from nearly 90% in July.

Sen. Cynthia Lummis (R-Wyo.), a key supporter, had earlier expressed optimism that the legislation could pass with bipartisan support before year-end. She has since warned that the U.S. risks falling behind the EU and Singapore without regulatory clarity.

Why This Matters
The stalled momentum highlights the political challenges of crafting digital asset legislation in a divided Congress. With Democrats advancing a competing framework and Republicans fractured, the future of U.S. crypto market structure rules may remain uncertain well into 2025.

@ Newshounds News™
Source: CryptoNews

~~~~~~~~~

US Senate Committee Advances Trump’s ‘Crypto-Friendly’ Fed Pick

Stephen Miran’s nomination sparks partisan split amid questions over Fed independence and digital asset policy

Senate Committee Vote Falls Along Party Lines
The U.S. Senate Banking Committee has advanced the nomination of Stephen Miran to the Federal Reserve Board of Governors, setting up a full Senate vote. The decision came in a narrow 13–11 party-line vote, with Republicans in favor and Democrats opposed.

Miran, previously tapped by President Donald Trump to lead the Council of Economic Advisors, is being considered for a temporary Fed seat vacated by Adriana Kugler, whose term ends January 31.

During his confirmation hearing last week, Miran said he would not resign from his role advising the White House even if his time at the Fed extended beyond January.

Miran’s Crypto-Friendly Outlook
Though Miran has made few public statements on digital assets, he signaled in a December interview that “crypto has a big role potentially to play in innovation.” Since joining the Trump administration, however, he has been largely silent on the issue.

If confirmed, Miran would join the Fed as it prepares for an October conference on payments policy, including discussions on stablecoins and tokenization—areas where his openness to crypto innovation could play a role.

Fed Independence Tested
Miran’s nomination comes at a tense moment for the central bank. President Trump recently attempted to remove sitting Fed governor Lisa Cook, citing mortgage fraud allegations in an August 25 letter.

Cook refused to resign, and on Tuesday a federal judge in Washington, D.C., blocked Trump’s order, ruling the president had not provided sufficient cause. The administration has filed an appeal.

The episode underscores ongoing tensions over the independence of the Federal Reserve, with critics warning that political interference could undermine its credibility.

Why This Matters
Miran’s potential appointment would place a “crypto-friendly” figure on the Fed at a pivotal time for digital asset policy. With the central bank set to address stablecoins and tokenization in upcoming discussions, his stance could influence how the Fed balances innovation with oversight.

@ Newshounds News™
Source: CoinTelegraph   

~~~~~~~~~

SEC Postpones Decision on Franklin XRP ETF, Sets New Final Deadline

Commission pushes review to November as optimism builds for XRP ETF approval

Franklin’s XRP ETF Faces Extended Review
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Franklin Templeton spot XRP exchange-traded fund (ETF), setting a new final deadline of November 14, 2025.

Franklin’s proposal dates back to March, when the Cboe BZX Exchange filed to list and trade shares of the ETF. After initial publication in the Federal Register on March 19, the SEC began its statutory review process.

By law, the SEC must rule within 180 days but can extend the review by an additional 60 days if needed. The agency exercised that option this week, citing the need for more time to assess the proposal.

Final Deadline in November
The SEC’s notice makes clear that November 14 will be the final deadline for Franklin’s application. At that point, the agency must either approve or reject the XRP ETF.

If approved, the product would give investors regulated exposure to XRP’s performance, marking a milestone for both Franklin Templeton and the broader digital asset market.

The delay follows a familiar pattern: the SEC has often used the full extension period for crypto-related ETF filings, citing the need to evaluate market structure, custody, and investor protection issues.

Other XRP ETF Applications Also Pending
Franklin’s application is one of several in front of the SEC. Other asset managers—including Grayscale, Bitwise, Canary, 21Shares, and CoinShares—are also awaiting decisions.

The SEC is expected to rule on multiple proposals in mid-October, with Franklin’s deadline now set slightly later.

Market Sentiment Points to Approval
Despite the delay, investor confidence remains strong. Prediction market data from Polymarket shows a 92% probability that XRP ETFs will launch this year, up from 91% last week.

Optimism stems from the SEC’s evolving stance toward digital assets, highlighted by its Project Crypto initiative and recent remarks by SEC Chair Paul Atkins, who declared that “crypto’s time has come.”

Why This Matters
The SEC’s November decision on Franklin’s XRP ETF could open the door to mainstream adoption of XRP as a regulated investment product. With multiple applications nearing resolution, the coming weeks may mark a turning point for digital asset ETFs in the U.S.

@ Newshounds News™
Source: The Crypto Basic

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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MilitiaMan and Crew: IQD News Update-A Big Week Coming-A Century worth of Oil

MilitiaMan and Crew:  IQD News Update-A Big Week Coming-A Century worth of Oil

9-8-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Follow MM on X == https://x.com/Slashn

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=xRQFk7ngt8Y