FRANK26….12-23-24…….12-31-24…STOP
KTFA
Monday Night Conference Call
FRANK26….12-23-24…….12-31-24…STOP
This video is in Frank’s and his team’s opinion only
Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Monday Night Conference Call
FRANK26….12-23-24…….12-31-24…STOP
This video is in Frank’s and his team’s opinion only
Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE
Licensed Counterfeiter? Fed’s Role in America’s Economic Crisis | Peter St Onge
Licensed Counterfeiter? Fed’s Role in America’s Economic Crisis | Peter St Onge
Kitco News: 12-23-2024
What if ending the Federal Reserve was not just a wild idea but a clear path to economic freedom? Economist Peter St. Onge of the Heritage Foundation laid out his bold vision for a world without the Fed in an interview with Jeremy Szafron, Anchor at Kitco News.
St Onge explained how dismantling the central bank could bring an end to inflation, eliminate recessions, and reinvigorate the U.S. economy.
Drawing on history, St. Onge highlighted that America thrived for 140 years without a central bank and argued that returning to a gold-backed currency is not just possible, but essential.
Licensed Counterfeiter? Fed’s Role in America’s Economic Crisis | Peter St Onge
Kitco News: 12-23-2024
What if ending the Federal Reserve was not just a wild idea but a clear path to economic freedom? Economist Peter St. Onge of the Heritage Foundation laid out his bold vision for a world without the Fed in an interview with Jeremy Szafron, Anchor at Kitco News.
St Onge explained how dismantling the central bank could bring an end to inflation, eliminate recessions, and reinvigorate the U.S. economy.
Drawing on history, St. Onge highlighted that America thrived for 140 years without a central bank and argued that returning to a gold-backed currency is not just possible, but essential.
St. Onge also tackled the broader implications of de-dollarization, the rise of Bitcoin as "digital gold," and the impact of Trump-era policies on monetary stability.
With predictions for 2025, he explored whether the U.S. is already in a recession and how alternative financial systems like Bitcoin could reshape global economies.
This interview delivers deep insights into the Fed's role in modern economics and presents a radical alternative to the status quo.
00:00 Introduction
01:03 FOMC Policy Meeting Insights
01:45 Inflation and Economic Concerns
03:21 Trump's Economic Policies and Their Impact
06:14 Recession Fears and Economic Outlook
09:40 The Argument for Ending the Fed
15:30 Legal and Practical Steps to End the Fed
17:46 The Future of the U.S. Dollar
19:27 Global Government Spending Post-COVID
19:43 The Future of the U.S. Dollar and Fiat Currencies
20:39 Gold Reserves and Fort Knox Mysteries
22:27 The Gold Standard and Historical Context
23:54 Potential Changes to the Federal Reserve
26:45 Bitcoin and Gold as Strategic Reserves
27:48 The Role of Elon Musk and DOGE in Government
29:47 Mainstream Media and Political Dynamics
34:15 Gold and Bitcoin Market Predictions
37:46 General Market Outlook and Investment Advice
39:08 Conclusion
More News, Rumors and Opinions Monday PM 12-23-2024
DJ: DID YOU KNOW?
As we watch for the GCR, consider what currency would have to look like for the concept behind the GCR to be effective. The perfect currency would exhibit attributes that ensure seamless functionality in the global economy, stability in valuation, universal acceptability, and public confidence.
Its design would integrate technological innovation, economic principles, and social trust to overcome the limitations of existing currencies.
The currency must be globally accepted to facilitate international trade and reduce the inefficiencies of currency conversion. A universal ledger system, such as a blockchain, could support this, enabling real-time, transparent transactions across borders.
DJ: DID YOU KNOW?
As we watch for the GCR, consider what currency would have to look like for the concept behind the GCR to be effective. The perfect currency would exhibit attributes that ensure seamless functionality in the global economy, stability in valuation, universal acceptability, and public confidence.
Its design would integrate technological innovation, economic principles, and social trust to overcome the limitations of existing currencies.
The currency must be globally accepted to facilitate international trade and reduce the inefficiencies of currency conversion. A universal ledger system, such as a blockchain, could support this, enabling real-time, transparent transactions across borders.
Stability would be essential to prevent inflation or deflation from disrupting economic activities. A perfect currency should be pegged to a diversified basket of assets, including commodities, equities, and global economic indicators, to mitigate fluctuations arising from localized economic issues.
Public confidence in the currency hinges on transparency, security, and governance. A decentralized system, governed by an impartial and algorithmically controlled entity rather than a single nation or private institution, would enhance trust. Advanced cryptographic measures would secure the system against fraud and cyberattacks.
This ideal currency would have to seamlessly flow through the financial system, minimizing transaction costs and delays. Digital form, supported by distributed ledger technology, would allow instantaneous settlements and efficient tracking, reducing the need for intermediaries and clearinghouses, while allowing to transact privately for personal security, but the system must also include mechanisms to prevent illicit activities.
This can be achieved through cryptographic techniques like zero-knowledge proofs. To do this the currency would have to be programmable, allowing for smart contracts to automate trade, enforce agreements, and optimize financial processes. This would lower operational costs and streamline global trade operations.
The currency would have to be able to circulate via a digital, decentralized infrastructure maintained by a network of nodes (blockchain) distributed globally. Transactions would be validated through a consensus mechanism, such as proof-of-stake, ensuring energy efficiency and scalability. Financial institutions would serve as facilitators, providing liquidity and converting existing assets into the new currency.
Currency values would have to reflect a balance of real-time economic indicators, supply and demand, and technological advancements. For global trade, this currency would eliminate exchange rate risks and reduce transaction frictions, encouraging equitable and efficient trade among nations. While the perfect currency as described could endure for many generations, 0n going adjustments would likely still be necessary to adapt to evolving societal, technological, and economic conditions.
These proposed attributes create a solid foundation for long-term sustainability. A decentralized and programmable nature would allow it to evolve without being tied to the political or economic fluctuations of any single nation or entity.
Additionally, linking its value to a diversified basket of assets reduces the risk of systemic collapse due to localized economic crises.
For the theoretical “perfect currency,” a combination of asset-backed and fiat currency principles would likely be the optimal choice.
This ideal currency could endure for generations as a cornerstone of the global economy. But its longevity would depend on its ability to adapt through ongoing refinement and innovation. Just as biological evolution allows species to survive environmental changes, a currency must evolve in response to technological, economic, and social shifts.
With a foundation designed for adaptability. A “Hybrid” type of currency seems the logical alternative. A hybrid currency that combines asset backing for stability and fiat flexibility for adaptability would be the most suitable for the described scenario. It would provide the confidence and security of tangible value while maintaining the liquidity and responsiveness needed for dynamic global trade and modern economic demands.
So while waiting for a GCR, contemplate the above scenario. If you have been watching we see most of the mechanisms above being enacted in real time. It’s like you’ve been dating for 15 years, close but not exactly ready to get engaged.
DJ
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 The word 'shock' is not being just used freely. It is specific to what is about to happen to [the] monetary reform. Once those auctions stop, many Iraqi citizens will start to ask more questions. It will shock most of the citizens that don't know what's going on. It will shock parliament. It will shock the international markets as it travels in a basket. That shock wave that will restructure global finances and the American dollar will be put back on top as the ruler of all currencies on this planet. Mark my words.
Yada ...the contractors received their exchanges, Iraq has removed all the corruption, ISIS, and now they have digital banking in the banks taking the control of the money out of the hands of the CBI. The amendment for the rate changes was done last weekend and the Iraqi people know the rate is changing AND the banks in Iraq are operating with the basket of currencies for international business as we speak.
Global Currency Crisis Begins As Brazil Panic Sells $17 Billion USD In Urgent Rescue
Sean Foo: 12-23-2024
Brazil's recent currency collapse is a reminder to the world - a stronger US dollar is bad for the world. As Trump escalates his tariff war on the world, we are dangerously moving towards a global currency crisis. Here's what you must know.
Timestamps & Chapters:
0:00 Brazil's Currency Crisis
2:49 Why The Collapse Happened
5:45 New Big Risk Coming!
8:33 US Dollar Wrecking Ball
10:16 Fuel For De-Dollarization
13:01 Asia's USD Shock
Iraq Economic News And Points To Ponder Late Monday Afternoon 12-23-24
Central Bank Policy In Light Of Banking Compliance With International Standards Between The Controversy Of Expectations And Requirements
Dr. Haitham Hamid Mutlaq Al Mansour
The debate is raging about the steps taken by the Central Bank of Iraq towards the US Federal Reserve and the US Treasury, and doubts are raised that they are incorrect steps in managing monetary policy.
Other opinions even went so far as to warn of a banking collapse as a result of these agreements and what will result from them at the beginning of next year in terms of the connection of Iraqi/Arab banks with correspondent American banks. These opinions described it as confusion and error in following monetary policies that are not appropriate for the current economic situation.
Central Bank Policy In Light Of Banking Compliance With International Standards Between The Controversy Of Expectations And Requirements
Dr. Haitham Hamid Mutlaq Al Mansour
The debate is raging about the steps taken by the Central Bank of Iraq towards the US Federal Reserve and the US Treasury, and doubts are raised that they are incorrect steps in managing monetary policy.
Other opinions even went so far as to warn of a banking collapse as a result of these agreements and what will result from them at the beginning of next year in terms of the connection of Iraqi/Arab banks with correspondent American banks. These opinions described it as confusion and error in following monetary policies that are not appropriate for the current economic situation.
Therefore, we say in this regard and warn against the incorrectness of these opinions if we take them in good faith, as the aforementioned steps and procedures are nothing but a reflection of the Central Bank's policy to support the national economy in its orientation towards establishing relations with Arab and international correspondent banks and the gradual transition to operations to enhance the advance balance of the accounts of these banks.
This is consistent with what the Central Bank of Iraq announced in 2023 in its plan to gradually reduce reliance on the electronic platform until it ends its work during 2024 and limit it to the operations of recording financial transfers for the purposes of control, auditing and analysis.
The Governor of the Central Bank has confirmed in many places that the Central Bank is determined to support Iraqi banks, enhance their capabilities and prepare them to work in accordance with international practices and agreements that aim to build and enhance the capabilities of our banks internationally.
The monetary policy measures to link the six Iraqi and Arab banks with prestigious, capable and capable international banks is exactly right and consistent with the reality of international activity and practice in import operations, currency transfer and money movement through prestigious international banks. This is because the implementation of this measure is expected to contribute to the following:
Controlling money transfer operations and identifying the final destinations to which they will reach, and thus it will be a control joint in the pre-transfer stage instead of the post-control joint.
The aforementioned linkage supports a number of our qualified banks towards raising their banking status and increasing their acceptance and global penetration, especially since most Iraqi banks suffer from administrative and organizational problems at the operational and investment levels.
Reducing the number of banks that are on the blacklists that practice informal activities that revolve around smuggling or selling dollars at the parallel price, at the expense of practicing banking activity within the limits of lending and investment. And encouraging them to rebuild their activities within the limits of real banking work.
Based on the achievement of the above points and in light of the improvement in the international position of Iraqi banks after they adopted the policy of linkage and compliance and the resulting control and reduction of dollar smuggling and money laundering operations, it is expected to be the nucleus for attracting new financial investments that can work on the development paths of leading economic sectors, and stability will be generated in the cycle of demand for the dollar and from it, stability of price levels on the medium or long-term level.
There will inevitably be a price gap that will raise inflation levels, but it will soon disappear, provided that the procedures for linking and international transfer are scientifically implemented within the terms and instructions of compliance with international standards and the necessity of achieving the above points.
Therefore, in this context, we propose several requirements to raise the ability of Iraqi banks to adhere to compliance standards, stimulate their relations with correspondent banks, and enhance confidence in their performance, including:
Adherence to modern international compliance laws and legislations issued by international regulatory institutions and authorities, including the Basel Committee and the Financial Action Task Force (FATF), which issued its forty recommendations to combat money laundering and terrorist financing.
In addition, the US decisions and laws issued by the Treasury Department represent basic conditions for compliance and constitute an ongoing state for the banking sector in the world, not just the Iraqi and Arab banking sector.
Our banks must invest in the necessary infrastructure for mega development projects such as the Development Road, and apply advanced technology that supports reaching international compliance levels.
Supporting everything that leads to deepening the effective contribution of our banks to development through issuing legal facilities and financial facilitation to support the cycle of banking capital towards foreign trade, industry and investment.
The principle of transparency in banking operations and financial reporting must be adopted to build sustainable trust with the international community, and a comprehensive national plan must be prepared to develop capabilities, training and qualification in the field of banking compliance by establishing a specialized administrative unit for this purpose.
Therefore, this linkage step is a strategic step for the monetary policy of the Central Bank of Iraq, as the size of the Iraqi banking sector’s deposits exceeds $100 billion, which is an incentive to activate the work of banks.
In the same context, if we know that Iraq imports $70 billion worth of money, it would be more economically feasible to cover this money through a solid banking sector that opens credits and is linked to the global financial system and international institutions with efficiency and transparency.
It is concluded from the above and according to the importance of the linkage and compliance step, that the private sector must be ready to start developing and financing the national economy and achieving the desired growth. Especially after the American bank (JP Morgan) recently expressed its readiness to support Iraqi trade financing operations, which is the largest in size and solidity among global banks, and has a major role in correspondence operations between banks worldwide.
290 views 12/23/2024 - https://economy-news.net/content.php?id=51190
The Central Bank Sets New Conditions For Buying And Selling Foreign Currencies
Monday 23 December 2024 21:05 | Economic Number of readings: 57 Baghdad/ NINA /The Central Bank of Iraq set new conditions for buying and selling foreign currencies today, Monday. https://ninanews.com/Website/News/Details?key=1176343
Globally.. Gold Prices Rise After The Dollar Declines
Time: 2024/12/23 09:20:40 Read: 1,729 times {Economic: Al Furat News} Gold rose in spot transactions on Monday, after the dollar fell and because of the Federal Reserve’s cautious stance on cutting interest rates next year.
Spot gold rose 0.2 percent to $2,626.44 per ounce by 0313 GMT. U.S. gold futures fell 0.1 percent to $2,642.10.
The US Federal Reserve's 25 basis point interest rate cut on December 18, its dovish economic outlook note and its expectation of smaller cuts in 2025 pushed gold to its lowest since November 18 last week.
Gold rose on Friday as the US dollar and US Treasury yields fell when US economic data pointed to slowing inflation.
Spot silver rose 0.7 percent to $29.72 an ounce, platinum rose 1 percent to $935.47 and palladium added 0.2 percent to $922.31. LINK
Central Bank's Harvest In 2024 And Its Strategic Axes In 2025
Samir Al-Nusairi As the year 2024 draws to a close, it is clear beyond doubt that the Central Bank’s measures and efforts since the beginning of 2023 until now, with the support and cooperation of the government, have borne fruit and are beginning to yield positive results according to what was planned.
This is what was explained in detailed procedures and administrative, technical and negotiating steps with the US Federal Reserve and the US Treasury Department and understandings to regulate foreign trade financing with Arab and international banks by approving the opening of accounts for Iraqi banks in American, Chinese, European, Emirati, Indian and Turkish correspondent banks to deal directly with them for foreign transfers in the currencies of these countries, which are the dollar, euro, Chinese yuan, Indian rupee, Emirati dirham, Turkish lira, Jordanian dinar and Saudi riyal,
and leaving the electronic platform in 2024 and allowing banks to supply dollars and foreign currencies into Iraq from their accounts with correspondent banks or abroad according to specific controls issued by the Central Bank, as well as reaching the opening of about 40 accounts for our banks in correspondent banks.
The Central Bank's strategy implemented in 2024 to reform the banking sector depends on restructuring, developing and classifying banks and increasing their capital to the ceiling set by the Central Bank according to the specified timeframes.
This will lead to raising the capabilities of our banks to provide the best banking products and services to customers, the economy, investment and development, and moving towards comprehensive digital transformation and compliance with international standards, and helps lift the restrictions imposed on our banks.
Therefore, it can be said that one of the most prominent achievements in the banking reform process in 2024 is that 97% of foreign transfers are made at the official exchange rate, and work is underway to facilitate foreign transfers for small traders and to identify speculators' plans to harm the Iraqi economy.
An annual inflation rate of 3.7% has also been maintained, while controlling the general price level and maintaining a foreign exchange reserve and 153 tons of gold at a rate of 140% to cover imports and local currency in circulation and provide the necessary liquidity to meet the needs of the Ministry of Finance to implement the government's operating budget.
In addition to the developmental measures for the technical, technological and administrative infrastructure of the Central Bank. This confirms that the Central Bank is accurately and comprehensively implementing its banking reform strategy in all its axes.
It is an embodiment of what it has specified in the roadmap that it clarified in cooperation with the government according to what is stated in the government program in Axis 12 (Financial and Banking Reform) and Paragraph 7 thereof, which is concerned with developing and enabling banks to contribute to development and investment.
Here we can summarize the Central Bank’s plan in 2025 to complete its procedures, which it will work to implement with great precision, as follows:
Firstly, one of the Central Bank’s priorities is to achieve a stable financial system that is accompanied by electronic financial systems.
Second: Commitment to establishing the rules of compliance, risk management, transparency and integrity of financial operations.
Third: The transition from a cash economy to a digital economy and the accompanying cooperation and coordination measures have achieved a qualitative shift between the Iraqi government and the Central Bank of Iraq.
Fourth: Implementing the Central Bank’s plan for financial and banking reform by continuing cooperation with international consulting and auditing companies that are characterised by compliance with international standards that keep pace with global developments in the field of the financial digital economy.
Fifth: Working to strengthen international relations, including expanding the establishment of a network of relations with foreign correspondent banks and helping our banks to apply the standard criteria required of correspondent banks.
Sixth: Establishing the Riyada Bank and redirecting work in initiatives to finance small and medium enterprises according to new standards, and banks contribute to its capital and management, in line with the initiative of the Prime Minister (Riyada).
Seventh: Launching a financial inclusion strategy and putting it into effect in coordination with relevant authorities. Eighth: Implementing what is stated in the national strategy for bank lending by relying on the financial capabilities of banks and other entities in cooperation with GIZ in attracting and investing deposits and in providing the best banking products to customers and contributing to sustainable development. Views 292 12/23/2024 - https://economy-news.net/content.php?id=51187
Head Of The Security Committee In Nineveh: The Iraqi Border With Syria Is Fully Secured
Buratha News Agency1052024-12-23 The head of the security committee in Nineveh Governorate, Abdul Qader Al-Dakhil, confirmed that the Iraqi border with Syria is fully secured thanks to the precautionary measures and the strengthening of security measures.
Al-Dakhil said in a press statement that "the borders with the Syrian side in Nineveh are completely secure thanks to the great cooperation between the citizens and the security forces, stressing that Nineveh is 100 percent safe." https://burathanews.com/arabic/news/454214
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
3 Scary Truths About the Future of Social Security
3 Scary Truths About the Future of Social Security
Lydia Kibet Sun, December 22, 2024 GOBankingRates
For millions of Americans, Social Security isn’t just a paycheck. It’s a lifeline. With many reports that Social Security benefits may run out by 2035, it’s unclear what the future holds. Whether you’re already retired or still years away, you need to know these hard truths about the future of Social Security.
The Program Could Be Insolvent by 2035
What most people don’t get is that Social Security isn’t going bankrupt. It’s running a deficit, which means the program doesn’t have enough cash (coming in from upcoming payroll taxes) to fund benefits fully. For this reason, the Social Security Administration (SSA) has been pulling money from its trust funds to avoid the benefit cuts so far.
3 Scary Truths About the Future of Social Security
Lydia Kibet Sun, December 22, 2024 GOBankingRates
For millions of Americans, Social Security isn’t just a paycheck. It’s a lifeline. With many reports that Social Security benefits may run out by 2035, it’s unclear what the future holds. Whether you’re already retired or still years away, you need to know these hard truths about the future of Social Security.
The Program Could Be Insolvent by 2035
What most people don’t get is that Social Security isn’t going bankrupt. It’s running a deficit, which means the program doesn’t have enough cash (coming in from upcoming payroll taxes) to fund benefits fully. For this reason, the Social Security Administration (SSA) has been pulling money from its trust funds to avoid the benefit cuts so far.
As stated by the SSA Trustees report, the current surplus will run out by 2035. However, this doesn’t mean the program will no longer pay benefits. Instead, the program will be able to pay only about 83% of the scheduled benefits. This means your monthly check could be potentially slashed by 17%.
“Policymakers can implement various Social Security reforms to rebuild this surplus, like raising the full retirement age from 66 to 70 or taxing workers on all their earnings,” said Steve Sexton, financial consultant and CEO of Sexton Advisory Group.
“Regardless of whether a surplus is achieved or not via reforms, I wouldn’t recommend leaving this up to chance, and it should motivate individuals who plan to retire in 2033 and beyond to reevaluate their retirement planning strategy. Future retirees should plan to beef up their reserves via other means of retirement income, whether through investments, real estate, part-time work or other income streams.”
According to Taylor Lee, financial advisor at Belmont Capital Advisors, “A scary truth about the future of Social Security is that people are living much longer now and drawing benefits into their 90s, whereas benefits can start as early as 62. It’s common sense that we need to raise the retirement age for Social Security, but no politician is going to do it because they’re afraid to lose votes.”
Inflation Is Eating Away at Benefits
Even if Social Security doesn’t become insolvent, it’s losing its buying power. While Congress adjusts Social Security benefits for inflation each year through the cost-of-living adjustment (COLA), it hasn’t managed to keep up with skyrocketing inflation. This means retirees are losing money each month as their bills surpass their benefits. If inflation keeps outpacing COLA, retirees will lose purchasing power on their benefits yearly.
“A recent analysis by The Senior Citizens League reported Social Security benefits have lost 20% of their buying power since 2010, which means the next generation of retirees cannot realistically depend on their Social Security check to fully support them in their golden years,” Sexton said. “Additionally, as necessities like housing, groceries and healthcare increase, retirees will struggle to afford basic needs if their Social Security benefits don’t keep pace with rising costs.”
TO READ MORE: https://www.yahoo.com/finance/news/3-scary-truths-future-social-120059678.html
The Fed’s Tightrope, Debt, Real Estate, and the Case for Gold
The Fed’s Tightrope, Debt, Real Estate, and the Case for Gold
APMEX: 12-22-2-24
In a rapidly shifting economic landscape, the Federal Reserve (the Fed) finds itself walking a precarious tightrope. As it navigates the dual pressures of stubborn inflation and mounting national debt, the implications of its monetary policy decisions are echoing throughout the economy.
With a staggering $36 trillion national debt and interest expenses that are climbing, the Fed’s actions are poised to have far-reaching consequences, particularly in the realm of commercial real estate.
The Fed’s Tightrope, Debt, Real Estate, and the Case for Gold
APMEX: 12-22-2-24
In a rapidly shifting economic landscape, the Federal Reserve (the Fed) finds itself walking a precarious tightrope. As it navigates the dual pressures of stubborn inflation and mounting national debt, the implications of its monetary policy decisions are echoing throughout the economy.
With a staggering $36 trillion national debt and interest expenses that are climbing, the Fed’s actions are poised to have far-reaching consequences, particularly in the realm of commercial real estate.
Despite the Fed’s best efforts to rein in inflation, which has remained stubbornly above its target, interest rates have risen sharply in response. These elevated rates are intended to cool off the economy and temper inflationary pressures.
However, the result has been a cascade of challenges that threaten the financial stability of various sectors. The burden of high interest rates is particularly acute for small and mid-sized banks, which are already feeling the heat from an escalating commercial real estate crisis.
The commercial real estate sector has become a focal point of concern as rising interest rates lead to higher borrowing costs. Property owners who previously benefited from low-interest loans are now facing a stark reality of ballooning debt expenses. Many are unable to refinance, leading to rising defaults and increasing vacancies. This scenario has created a ripple effect, pushing small and mid-sized banks to the brink as they grapple with rising non-performing loans and a tightening credit environment.
Analysts warn that this crisis could exacerbate existing economic vulnerabilities, particularly as many of these banks are heavily invested in commercial real estate. As defaults increase, confidence in the banking sector erodes, potentially leading to a more significant financial downturn.
With the national debt now exceeding $36 trillion, the U.S. government faces a daunting challenge. Interest payments alone are consuming a significant portion of the federal budget, leaving less room for investment in critical areas such as infrastructure, education, and healthcare. As interest rates remain elevated, these expenses will continue to rise, further straining the government’s financial resources.
Moreover, the ever-increasing debt poses a risk of eroding confidence in U.S. Treasury securities, traditionally viewed as a safe haven for investors. If investors begin to question the sustainability of the U.S. debt, it could trigger a more severe economic fallout, including a potential crisis of confidence in the dollar itself.
As the financial system teeters on the brink of uncertainty, many investors are revisiting the historical role of gold and silver as safe havens. Gold has long been viewed as a store of value, particularly in times of economic distress. Its appeal stems from its ability to maintain value even when fiat currencies face volatility and inflation.
The current economic climate, marked by high inflation and rising interest rates, creates a fertile ground for gold and silver to shine. Investors looking for stability amid the chaos are increasingly turning to these precious metals as a hedge against currency devaluation and economic downturns.
Silver, too, offers a dual advantage as both an industrial metal and a precious metal. With the green energy transition and technological advancements driving demand for silver, its value is expected to remain resilient, even in a turbulent economic environment.
The Federal Reserve is indeed walking a tightrope as it attempts to balance inflation control with the mounting pressures of national debt and a commercial real estate crisis. The consequences of its monetary policy decisions are reverberating across the economy, creating a landscape fraught with uncertainty.
In this climate of financial instability, gold and silver emerge as critical players. As traditional safe havens, they offer a refuge for investors seeking to preserve their wealth amidst rising inflation and potential economic turmoil.
As the Fed continues to navigate these choppy waters, the case for gold and silver becomes ever more compelling, reminding us of their enduring value in uncertain times.
News, Rumors and Opinions Monday 12-23-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 23 Dec. 2024
Compiled Mon. 23 Dec. 2024 12:01 am EST by Judy Byington
Possible Timing:
On Sat. 14 Dec. 2024 Debt Forgiveness & Wealth Redistribution (allegedly) Began: millions worldwide reported canceled mortgages, student loans, and credit card debts. Official encrypted messages confirm this is just the beginning.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 23 Dec. 2024
Compiled Mon. 23 Dec. 2024 12:01 am EST by Judy Byington
Possible Timing:
On Sat. 14 Dec. 2024 Debt Forgiveness & Wealth Redistribution (allegedly) Began: millions worldwide reported canceled mortgages, student loans, and credit card debts. Official encrypted messages confirm this is just the beginning.
Sun. 15 Dec. 2024: The (allegedly) beginning of the new Restored Republic Fiscal Year.
Mon. 16 Dec. 2024: Banks began (allegedly) changing over to the new financial system as the Global Currency Reset rolled out.
Tues. 17 Dec. 2024: XRP, RLUSD, Iraqi Dinar (allegedly) went public. Redemption Centers (allegedly) became fully operational. Banking Systems were (allegedly) beginning to process the new gold/ asset-backed US Treasury Note (USTN).
Wed. 18 Dec. 2024: Beginning of Global Financial Collapse (allegedly) . …G***o TV on Telegram Tues. 3 Dec. 2024
Thurs. 26 Dec. 2024: Announcement of the Global Restoration Plan. Every citizen will receive information about the new economic and legal structures. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024
By Tues. 31 Dec. 2024, Redemption Centers will be (allegedly) open to the general public.
Wed. 1 Jan. 2025: Basil 4 compliance deadline January 2025 – all banks have to (allegedly) prove the money they have in their vault is backed by gold. A new era of Freedom and Prosperity officially begins. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024
Early Jan. 2025: The EBS is set to (allegedly) begin ten days of Communication Darkness.
Wed. 1 Jan. 2025: The R&R payments and Social Security increases will (allegedly) begin.
Fri. 3 Jan. 2025: Global Unity announced as former Alliances (allegedly) restructure. Leaders will present plans for long term peace and cooperation across nations. …Nesara/Gesara on Telegram 5 Dec. 2024
Sun. 5 Jan. 2025: (allegedly) Release of advanced technologies previously suppressed. Free energy devices, healing technologies and environmental restoration tools will be made (allegedly) available to the public. …Nesara/Gesara on Telegram 5 Dec. 2024
Mon. 6 Jan. 2025: The Quantum Financial System (QFS) will officially (allegedly) be activated Worldwide. This secure, transparent and decentralized system will replace the old banking structure, ensuring fairness and equality for all …Nesara/Gesara on Telegram 5 Dec. 2024
End of March 2025: The US Fiat Dollar will be (allegedly) phased out, no longer worth anything.
~~~~~~~~~~~
Global Currency Reset:
Judy Note: WARNING Beware of Banks: Right now there are many banks exchanging certain currencies including the Iraqi Dinar. However, they will give you the present street rate on the Forex, not the much higher rate you can receive at an official Redemption Center, plus a bank is not authorized to redeem Zim. After Jan. 1 2025 Banks will play a different role of services to you, some will close and all will no longer have access to your bank account.
Wed. 18 Dec. 2024: CRITICAL! Banks Are Desperate to Keep You From the Redemption Centers: Iraqi Dinar, ZIM, QFS, and the New Gold Standard Signal the Death of the Fiat Dollar! – Gazetteller
10:02 pm Sat. 21 Dec. 2024 TNTRayRen98: “The latest update is that within 24-36 hours it’s over.”
Sun. 22 Dec. 2024 Wolverine: “I just received news from Mauricio saying that the blessing is coming very soon. Remember that’s from his platform which purely humanitarian Nesara Gesara. I still have faith that we are going to have a Merry Merry Christmas. There are five platforms which are sending out monies. It’s going to be a wonderful Christmas.”
Thurs. 19 Dec. 2024 Bruce, The Big Call: Redemption Center Staff are scheduled to work all day Mon and Tues until noon. They have Christmas off and go back to work the day after Christmas. In the first ten days of Jan. 2025 R&R, increase of SS, NESARA, GESARA kicks in. We could be notified overnight tonight or Friday morning 20 Dec.
Sun. 22 Dec. 2024 Iraqi Trade Bank has announced all cash transfers to the bank have been suspended until Jan. 7 2025.
Sun. 22 Dec. 2024 No more US Dollars are coming to Iraq. The Central Bank has two options: File for bankruptcy, or change the rate because this is what it means when cash is suspended: https://x.com/majeed66224499/status/1870886889583964197
Read full post here: https://dinarchronicles.com/2024/12/23/restored-republic-via-a-gcr-update-as-of-december-23-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick The stopping of the auctions is the biggest clue you could have in your possession right now... That's the bullseye right smack dab in the middle of your forehead. They're going to hit this monetary reform.
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Mr Sammy says the key will be to keep the inflation down once they stop the auctions and then the notes will pop and the rate. But auctions closing will force things. FRANK: Closing the auctions makes them obligated to give you a new exchange rate with lower notes to match it. FIREFLY: Mr. Sammy also says that by December 31st we could see that. So that means it could be before that. FRANK: Regardless whether it be in two weeks or two months it's happening. It's coming. We need to be ready...
Did Warren Buffett Just SELL Before an 80 YEAR CRASH? | David Hunter
CapitalCosm: 2-22-2024
Your Prices Are About To EXPLODE...
Lynette Zang: 12-21-2024
Governments around the world have grown unpayable debt levels and intend to expand those levels. At the same time interest rates force higher payments on new debt, including rolled over debt. Easing into an already easy money environment is a recipe for higher and faster inflation. At some point, control will be lost.
“Coffee With MarkZ” Monday Morning Chat 12-23-2024
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Morning and Merry Christmas
Member: This RV process has taken a much longer time than I anticipated
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Morning and Merry Christmas
Member: This RV process has taken a much longer time than I anticipated
Member: Anybody else getting discouraged and thinking this is never going to happen?
Member: Not discouraged here, I'm excited every day
Member: I believe we are going to have a Happy New Year….even if it’s taken longer than we all hoped
Member: So how is the dinar news today?
MZ: We did see rates pop up briefly again this weekend. Things are getting exciting.
MZ: In Iraq we had $3.47 popping up on the forex sites and some currency sites over the weekend…Showing the IQD at $3.47. I wish I would have been sitting with a bank that was open and currency in hand when it popped.
MZ: We were getting similar numbers from contractors that believe will be the rate for their contracts. It was exciting to see those rates popping up.
Member: I would exchange for that rate in a heartbeat!
MZ: Fines and penalties did not go out yet.
Member: Mark Z Nader drop a video stating that the Iraqi dinar may have revalued for a $1.72 on the forex
MZ: on the bond side it is still quiet this morning. The last update on Saturday is they were still hopeful to be processing this week.
MZ: “Kurdistan Regional government suspends official working hours until Jan 2.” They are shutting down.
MZ: “Parliamentary legal reveals the date of the resumption of parliamentary sessions” they are leaving and not coming back until Jan 9th.
MZ: “EU: Iraq’s development path is an infrastructure for the entire region” This development road will be connecting ports and up through Turkey giving a safe export path for the European market. It is going to be viatal for the entire region and for Europe. Think “International”
MZ: “ Iraqi oil maintains gains with the opening of markets and exceeds $72 dollars a barrel” They want $70 a barrel for the revaluation and it is staying there consistently.
Member: What does it mean for the Iraqi banks closing until Jan. 7th?
Member: Europe banks are on break for a month
Member: MARK!! Like Matt said Saturday about Wells Fargo, I drove by my branch at 6:30pm Sat. and a work team was reconfiguring the personal help areas with high frosted glass partitions.
MZ: Don’t you love it?
Member: What is your gut saying about this week?
MZ: I feel good about this week . My Iraqi contacts are telling me that this is the ideal time to do it now that their government is going on break.
Member: Nader said the 28th
MZ: that wouldn’t surprise me.
Member: Wishing Mark, Mods and everyone a very Merry Christmas
Member: Merry Christmas Mark Z, The Community and All Mods ... Wishing Everyone a Very Safe and Happy Holiday Season
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Seeds of Wisdom RV and Economic Updates Monday Morning 12-23-24
Good Morning Dinar Recaps,
TRUMP TAPS PRO-CRYPTO ECONOMIST STEPHEN MIRAN TO LEAD COUNCIL OF ECONOMIC ADVISERS
Miran will advise Trump on policy and help shape the administration's economic agenda to achieve its goals.
President-elect Donald Trump has nominated Stephen Miran, a former Treasury official from his first administration, to lead the Council of Economic Advisers. By selecting Miran, Trump is bringing experienced leadership back to Washington to help shape economic policy.
Good Morning Dinar Recaps,
TRUMP TAPS PRO-CRYPTO ECONOMIST STEPHEN MIRAN TO LEAD COUNCIL OF ECONOMIC ADVISERS
Miran will advise Trump on policy and help shape the administration's economic agenda to achieve its goals.
President-elect Donald Trump has nominated Stephen Miran, a former Treasury official from his first administration, to lead the Council of Economic Advisers. By selecting Miran, Trump is bringing experienced leadership back to Washington to help shape economic policy.
“Steve will work with the rest of my Economic Team to deliver a Great Economic Boom that lifts up all Americans,” Trump said in a Truth Social post on Sunday.
Miran has openly criticized the Biden administration, specifically targeting Fed Chair Jerome Powell. He condemned Powell for calling for more aggressive fiscal and monetary stimulus in Oct. 2020, just a month before the election, to boost the economic recovery during the pandemic.
Stephen Miran to Help Craft Trump’s Vision for a Booming Economy
The White House Council of Economic Advisers is a three-member team. It advises the president on economic policy. Miran will guide Trump on policy matters and be a key spokesperson to promote those decisions. He will provide insights and recommendations to shape the administration’s economic agenda. His work will help achieve its broader goals.
Currently a senior strategist at hedge fund Hudson Bay Capital Management, Miran said he was honored to be chosen. “I look forward to working to help implement the President’s policy agenda to create a booming, noninflationary economy that brings prosperity to all Americans!” he posted on X.
Miran’s appointment requires Senate confirmation. Last month, Trump named Kevin Hassett as chair of the National Economic Council. And he nominated Paul Atkins to replace Gary Gensler as SEC Chair.
Miran Sees Crypto as Catalyst for Prosperity Under Trump’s Agenda
The crypto community has shown strong support for Miran, including Michael Saylor, executive chairman of MicroStrategy. In a recent interview with The Bitcoin Layer, Miran criticized the current financial regulatory framework, calling it overly restrictive and a barrier to financial institutions.
He also pointed out the importance of innovation for economic growth, highlighting cryptocurrency’s potential role.
“I think crypto will have a big role in innovation and ushering in a Trump administration economic boom,” he said in the interview.
Milan said on X on Sunday that he looks forward “to working to help implement the President’s policy agenda to create a booming, noninflationary economy that brings prosperity to all Americans.”
@ Newshounds News™
Source: CryptoNews
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TRUMP APPOINTS FORMER COLLEGE FOOTBALL PLAYER, GOP HOUSE NOMINEE BO HINES TO HEAD CRYPTO COUNCIL
President-elect Donald Trump announced that Bo Hines, a former college football player who ran unsuccessfully for the House of Representatives in 2022, to lead his “Crypto Council” as the Executive Director of the Presidential Council of Advisers for Digital Assets.
“In his new role, Bo will work with David [Sacks] to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed,” Trump wrote.
Trump also earlier appointed Stephen Miran to head his Council of Economic Advisers. Miran has previously stated that regulations inhibit innovation in the crypto sector.
In posts on Truth Social Sunday, Donald Trump appointed two new figures as advisers on economic issues.
Foremost of concern to crypto investors, Trump announced on Sunday that Bo Hines, a former college football player who secured the Republican nomination for North Carolina's 13th congressional district before succumbing to his Democratic opponent in the general election, will serve as the Executive Director of the Presidential Council of Advisers for Digital Assets, which Trump refers to as the "Crypto Council."
Trump had previously appointed David Sacks to spearhead crypto and A.I. issues at the White House, and refers to Hines working alongside Sacks in his announcement.
"In his new role, Bo will work with David to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed," Trump wrote. "Together, they will create an environment where this industry can flourish, and remain a cornerstone of our Nation's technological advancement."
Hines received funding in his 2022 Congressional race from pro-crypto PACs, The Block previously reported. Some of the money came from FTX executive Ryan Salame, according to Business Insider, who is currently serving a seven-and-a-half year prison sentence after pleading guilty to charges including conspiring to make unlawful political contributions.
Hines ran in the same district in 2024, but failed to secure the Republican nomination, coming in fourth place with 14.4% of the vote. Republican Addison McDowell later won the district in the general election with 69.2% of the overall vote.
Earlier on Sunday, Trump appointed former Treasury Department official Stephen Miran to chair his Council of Economic Advisers.
"I think financial regulation is excessively burdensome and prevents banks from...lending into the economy as much as they as much as they would. And I think sometimes [that] can really inhibit innovation in areas like the crypto-economy," Miran told podcast The Bitcoin Layer earlier this month.
@ Newshounds News™
Source: The Block
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🎄 Holiday Announcement from the Seeds of Wisdom Team 🎄
As the holiday season approaches, we want to ensure everyone has time to enjoy their families and count their blessings. We will be closing our rooms for a few days during Christmas and New Year's to celebrate and recharge.
Telegram Holiday Hours:
Rooms will remain open for READ Only
Closed: December 23rd - December 25th
Open: December 26th
Closed for New Year's: December 30th
Reopen: January 2nd
Newshounds will continue to post in the Morning Newsletter during the Holidays except on Christmas Day and New Year's Day.
Wishing all of you a joyous holiday season filled with love, laughter, and cherished moments. Enjoy your holidays and see you in the New Year!
@ Newshounds News™
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What To Do If You Win The Mega Millions Jackpot
What To Do If You Win The Mega Millions Jackpot
Jordi Lippe-McGraw Sun, December 22, 2024
Did someone ask for a green Christmas?
Should someone win the Dec. 24 Mega Millions drawing, they would be waking up Christmas morning with an estimated $944 million in their pocket.
If won, the prize money, which equates to $429.40 million in cash, would be the largest amount won in December and the seventh largest in Mega Millions history.
No winner was named in the Dec. 20 Mega Millions drawing, which featured a jackpot totaling an estimated $825. The winning numbers were 2, 20, 51, 56 and 67, and 19 for the Mega Ball.
What To Do If You Win The Mega Millions Jackpot
Jordi Lippe-McGraw Sun, December 22, 2024
Did someone ask for a green Christmas?
Should someone win the Dec. 24 Mega Millions drawing, they would be waking up Christmas morning with an estimated $944 million in their pocket.
If won, the prize money, which equates to $429.40 million in cash, would be the largest amount won in December and the seventh largest in Mega Millions history.
No winner was named in the Dec. 20 Mega Millions drawing, which featured a jackpot totaling an estimated $825. The winning numbers were 2, 20, 51, 56 and 67, and 19 for the Mega Ball.
The biggest jackpot in Mega Millions history came in 2023, when one winning ticket in Florida earned someone $1.602 billion.
So, what exactly should you do if you find yourself holding the lucky ticket ?
While big paydays have spawned numerous rags-to-riches stories over the years, they have also spelled disaster for some. Not only do most winners have to deal with people coming out of the woodwork looking for a handout, but there have also been cases of bankruptcy, murder, robbery, drug abuse and various legal woes in the wake of big wins.
So, before you start picking out the gold finishings for your fleet of yachts or buying all your friends a set of matching mansions, here’s a list of nine tips on how to handle a mega windfall from people who know what they’re talking about.
1. Establish proof that it’s your ticket
While signing the back of the ticket is one step a winner will want to take, Robert Pagliarini of Pacifica Wealth Advisors once told TODAY it would be smart to take another step in case you ever need to prove it’s yours.
“I would take a selfie with it,” he said. “I would take a video of the ticket and me smiling.”
2. Keep it on the down low.
That selfie or video clip isn’t for bragging on social media. While no one would blame you for wanting to shout from the rooftops that you’re the latest member of the billionaire club, Pagliarini added, “You really want to keep this as private as possible.”
Or as Laura Adams, author of “Money Girl’s Smart Moves to Grow Rich,” once told TODAY, “Other than a spouse or life partner, I wouldn’t tell anyone about your good fortune until after you’ve created a solid plan with the professionals. Well-meaning friends and family may not offer you the best financial advice.”
3. Hire a team of professionals to manage your money
In fact, a man who won $20 million from a Quick Pick ticket in 2014 considers getting professional help his own top tip.
Cameron, who preferred not to reveal his last name when he spoke with TODAY, said, “Get you a financial advisor and get yourself a lawyer.”
Ric Edelman, chairman and chief executive officer of Edelman Financial Services, recommended using a financial advisor “as a buffer with all those who ask you for money — this will help insulate you and protect your relationships.”
4. Don’t accept the prize money right away
TO READ MORE: https://www.yahoo.com/finance/news/win-1-25-billion-mega-220010350.html
“Tidbits From TNT” Monday Morning 12-23-2023
TNT:
Tishwsh Al-Sudani: Iraq has regained its leading role in the region and has become an influential and effective country
Prime Minister Mohammed Shia al-Sudani confirmed today, Sunday, that Iraq has regained its leading role in the region and has become an influential and effective country in its surroundings.
Al-Sudani's office stated in a statement received by "Mil" that "Al-Sudani met in the city of Mosul, today, Sunday, with a group of tribal sheikhs and representatives of the various components and spectrums in Nineveh Governorate . "
TNT:
Tishwsh Al-Sudani: Iraq has regained its leading role in the region and has become an influential and effective country
Prime Minister Mohammed Shia al-Sudani confirmed today, Sunday, that Iraq has regained its leading role in the region and has become an influential and effective country in its surroundings.
Al-Sudani's office stated in a statement received by "Mil" that "Al-Sudani met in the city of Mosul, today, Sunday, with a group of tribal sheikhs and representatives of the various components and spectrums in Nineveh Governorate . "
Al-Sudani stressed his keenness to "meet the sheikhs, dignitaries, religious men and elite of the province's people," indicating that "his visit to Nineveh comes within the government's work methodology to follow up on the affairs of citizens in the various provinces, lay the foundation stone for a number of projects, follow up on work at Mosul International Airport, and set the tenth of next June as the date for its opening . "
The statement continued, "All the projects that were launched today in Nineveh were destroyed by terrorism, and in the days of celebrating Victory Day over the terrorist gangs, we are rebuilding the ruins of the dark era of ISIS and working to launch new projects . "
Al-Sudani confirmed that "a series of infrastructure projects will be launched in the governorate within 30 days, and the second phase of the ring road project will begin to alleviate traffic congestion in the city," stressing that "the wheel of construction and reconstruction in the governorate continues with the solidarity of its people."
The statement explained that "the true image of the Iraqi people triumphed over what terrorism wanted in targeting security and peaceful coexistence among all components and sects," explaining that "the strife of terrorism and the foreign agenda harmed society in Nineveh, and tried to drive a wedge of division among Iraqis."
He pointed out that "Iraq today is on the right track in building a state that respects the citizen, adheres to the constitution, and builds its institutions in a way that meets the aspirations of the citizens," stressing that "Iraq has regained its leading role in the region and has become an influential and effective country in its surroundings . "
The statement pointed out that "Iraq today is putting forward initiatives, solutions and positions that are consistent with the challenges in the region . "
The statement concluded: "We took the initiative to make contacts and visits with sister countries, and launched an initiative to establish security in Syria. We presented an Iraqi paper at the Aqaba Conference in Jordan regarding Syria, and it was welcomed by all brothers . "link
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Tishwash: 2025.. The year of cautious optimism in Iraq
The international economics specialist, Nawar Al-Saadi, revealed, on Saturday, the future financial and economic expectations for Iraq at the beginning of the new year 2025 .
Al-Saadi told Shafaq News Agency, "The future economic and financial expectations for Iraq at the beginning of the new year carry a mixture of optimism and caution, as they depend largely on a set of economic, political and regional factors that directly affect the country's financial and economic stability ."
He added that "international estimates indicate an improvement in Iraq's economic growth rates, according to reports from the International Monetary Fund, which expected the Iraqi economy to grow by 1.4% next year, with an expected increase of 5.3% in 2025. This growth reflects the recovery of the economy after the challenges it faced in the past years, especially after the economic contraction of 2.2% in 2022, and economic growth will be mainly driven by the stability of oil prices and increased investments in non-oil sectors ."
Al-Saadi pointed out that “there are fears of a deterioration in the financial situation due to the expected deficit in the state’s general budget, as the deficit is expected to widen to 7.6% of GDP during the coming year, compared to 1.3% this year. This deficit is attributed to fluctuations in oil prices, which are the main source of government revenues, and the economic situation is further complicated by the heavy dependence on oil, which constitutes about 90% of Iraq’s revenues. Any decline in its global prices could lead to severe financial pressures on the government .”
“Other challenges relate to inflation rates, which are expected to rise slightly to 3.5% in 2025. This rise reflects the effects of financial pressures and internal economic challenges, including higher prices for goods and services as a result of increased production and import costs. In terms of oil production, Iraq is expected to continue to maintain a high level of production, with plans to boost its production capacity to around 4 million barrels per day by the first quarter of 2025. However, the success of these efforts will remain linked to political stability and relations with OPEC, in addition to achieving long-term investments in energy infrastructure, ” he added.
Al-Saadi continued: “With regard to the banking sector, the government seeks to implement structural reforms to improve the efficiency of the banking system and increase transparency. These reforms come within a larger vision to develop the Iraqi economy and diversify sources of income away from excessive dependence on oil .”
The international economics expert concluded his speech by referring to all the aforementioned data, saying that “Iraq may be facing hot economic and financial events at the beginning of the new year, and the main challenge lies in the government’s ability to manage these challenges effectively through balanced financial and economic policies that aim to enhance economic stability and diversify the economy to achieve sustainable growth link
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Tishwash: Politician: Iraq has no fear of Trump reaching the White House
Independent politician Wael al-Rikabi confirmed on Sunday that Iraq will not be negatively affected by the arrival of US President Donald Trump to power in the United States, pointing out that there is an Iraqi desire to arm from new sources other than the United States.
Al-Rikabi said in an interview with Al-Maalouma Agency, “Iraq has nothing to worry about Trump coming to power in the White House or Biden staying, as it is committed to all international agreements and controls in a way that made it a pivotal state, and the visits that the country has witnessed recently are evidence of that," indicating that "Iraq is the focus of attention of all countries for what it possesses of capabilities and energies, and the state of chaos cannot be returned to it, and it has not broken "any official international agreement."
He added, "The process of changing power in America concerns the United States, and there are agreements between us and them, although the United States violated these agreements," noting that "the Americans did not provide Iraq with the sufficient weapons required, such as air defenses, and Washington did not cooperate with successful Iraqi governments in this file.”
He pointed out that "there is a desire in Iraq to arm itself with countries other than the United States after the recent events in the region, and Iraq is currently able to overcome this issue, and the existing weapons make the situation reassuring," noting that "everyone knows the extent of the United States' defense and support for the Zionist entity at the expense of the countries of the region."
It is noteworthy that several representatives and political forces warned of the danger of the Iraqi army's weak armament in light of the events taking place in the region, the latest of which was the control of terrorist groups over Syria and the threat of the Zionist entity to target Iraq. link
Mot .... and now a Christmas - oooooh oooooooh oooooooh
Mot: .. Sum just can't Take a Joke --- LOL