6 Toxic Money Habits

6 Toxic Money Habits Dave Ramsey, Suze Orman and Other Experts Want You To Avoid

Brooke Barley   Sat, January 11, 2025  GOBankingRates

Getting better with money can be as simple as avoiding some behaviors that can wreak havoc on finances. Experts like Dave Ramsey and Suze Orman have built careers giving advice on how to manage money. They have made empires and helped others do the same.

Here’s what Ramsey, Orman and some of the other top money minds have said when it comes to money habits that need to be broken immediately.

Not Talking About Money

A big money mistake people make? Not talking about it at all. That’s according to Ramit Sethi, self-made millionaire and star of the Netflix show “How to Get Rich.” He’s explained in the past that if people aren’t being open about where their finances stand — at least with themselves — they won’t improve.

“How can you expect to get ahead if you’re not actually talking about money, either solo or with a partner?” he said on X. “Money is a regular topic in any financially successful household.”

Being Prideful, Greedy or Fearful

Radio personality and money expert Ramsey advised that pride, greed and fear will make a person broke. He backs this up by saying he’s been all three and lost money in the process. When describing pride, he said that it’s not worth spending money on things just to earn accolades or attention. “Would I buy this if no one ever saw it? That’s your test on the pride button,” Ramsey explained.

Earning money simply for the sake of it is greedy and Ramsey advised against that behavior. “You can have a money motivation to the exclusion of other things. But if your only button to push is money, that’s greed,” he said in an Instagram video clip.

Fear manifests as desperation according to Ramsey and he considers this the worst thing to be when it comes to money. “Just about twenty seconds later after I get desperate, I get stupid,” he added. “And right after I get stupid, I get broke, right?”

Not Questioning Your Family’s Money Philosophies

TO READ MORE:  https://www.yahoo.com/finance/news/6-toxic-money-habits-dave-230008050.html

“Bits and Pieces” in Dinarland Sunday AM 1-12-2025

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 Sun. 12 Jan. 2025

Compiled Sun. 12 Jan. 2025 12:01 am EST by Judy Byington

Judy Note:  Get Ready For Ten Days of Communication Darkness. The power to the entire World will switch off briefly to install our new Starlink Satellite Internet. Shutdowns will occur, but only in certain areas. Banks will close. ATMs and Credit Cards will stop working. Have at least a month’s supply of food, water, cash, medicine and essential items on hand for yourself, your family and to share with others in case of emergency. If you’re unprepared, don’t worry. The Military will supply what you need. Nonstop education will be broadcast, teaching everyone about the true principles of Freedom and Justice.

Possible Timing:

On Wed. 15 Jan 2025 a 48-Hour Communication Blackout  (allegedly) will begin. There will be GCR GESARA Worldwide Wealth Redistribution while the depth of corruption will be revealed.

Three days later on Inauguration Day Mon. 20 Jan. 2025 ten days of Communication Darkness will (allegedly) begin. The new Star Link Satellite System will(allegedly)  show documentaries 24/7 to inform the public about the fall of the Cabal and it’s fiat US Dollar, independence for all 209 nations participating in the Global Currency Reset and the availability of(allegedly)  long hidden technologies including Med Beds.

On Sat. 25 Jan. 2025, the first phase of the wealth redistribution will officially (allegedly) commence, directly benefiting millions and marking the start of real community rebuilding efforts.

Global Financial Crisis:

Fri. 10 Jan. 2025: Breaking! The BRICS Alliance, NESARA GESARA and Quantum Financial System (QFS): The Deep State’s Greatest Fear Realized! – amg-news.com – American Media Group

Fri. 10 Jan. 2025: Breaking News: Ultimate QFS Security Guide – Protect Your Account with Quantum Encryption, Biometric Verification, UBI Insights, Age Policies & More! – amg-news.com – American Media Group

Read full post here:  https://dinarchronicles.com/2025/01/12/restored-republic-via-a-gcr-update-as-of-january-12-2025/

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man  The 2023, 2024, 2025 budget amendment looks to be on the table.  It was supposed to be read on Monday, it looks like it's slated for Sunday.  So powerful weekend...It looks pretty promising it really does.  

Walkingstick  [Iraqi bank friend Aki update]  AKI:  We are just sitting here waiting for the introduction of the new exchange rate that will come from the '25 budget.  We wait for the budget laws that will expose the budget and its components and the new rate...

Frank26  It used to be they would steal the money...through the auctions but now there is no more auctions.  The cash cow is dead and the security and stability is blossoming inside of Iraq because of the efforts of Sudani, and the United States Treasury...The black market was another powerful weapon they used to manipulate the exchange rate of the Iraqi currency...The black market rate is dropping.  It is dying...The black market does not feed the evil people anymore...

President of the Republic of Iraq finance

Nader:  1-12-2025

https://www.youtube.com/watch?v=ZMmH7lxFwkA

UK’s Assets Crash Just Sent a Massive Warning to the World - What It Means

Sean Foo: 1-11-2025

The UK is suffering from yet another historic bond market sell-off and a currency collapse. This is a result of the US dollar wrecking ball. But that doesn't mean the US economy is off the hook. The system is about to also wreck the US stock market as well as its hegemony in geopolitics.

Timestamps & Chapters:

0:00 UK Assets In Major Crisis

 3:03 Debt Collapse Hits Economy

 6:05 Global Market Sell-Off Begins

8:55 World Will Move Way From U.S.

 11:50 Expect Zero Rate Cuts In 2025

https://www.youtube.com/watch?v=12Xg5s54U4E

“Tidbits From TNT” Sunday Morning 1-12-2025

TNT:

Tishwash:  Economist: The Central Bank’s policy is moving towards globalizing Iraqi banks

Economic expert "Safwan Qusay" confirmed that the Central Bank's policy is moving towards globalizing Iraqi banks, while stressing that it will contribute to raising the status of these banks globally.

Qusay said in an interview: "The Central Bank's policy is moving towards consolidating the issue of globalizing Iraqi banks, and the process of ending dealings with the electronic platform will contribute to accepting local banks that have the ability to provide guarantees and international compliance conditions with international correspondent banks."

He added that "these correspondent banks can carry out the process of changing the Iraqi dinar to any global currency immediately, and for more than a million banks around the world, and there is a possibility to develop the performance of other banks in order to succeed in the international acceptance process, and there is still a possibility to import capital from different countries of the world and re-inject it into the local environment in the form of grants in different investment portfolios, and thus the possibility of achieving the goals of the Central Bank in the matter of development."

He pointed out that "the Central Bank will move from the issue of accepting local banks internationally to the issue of participating in the development process, and this will certainly contribute to achieving part of the government program's goals in employing the unemployed, and in forming productive Iraqi capital, especially since a portion of Iraqis own Iraqi dinars outside the banking system, and whenever we start the issue of convincing them to trust Iraqi banks, we will have new doors to operate this monetary mass."

He stressed that this step will contribute to raising the status of Iraqi banks globally, "meaning that they will succeed in the process of having a name in international financial transfer operations, and gradually confidence between banks will be strengthened, and there is what is called credit cover between Iraqi banks and international banks, and the level of confidence will be reflected in the credit cover."

He pointed out, "Whenever there are transfers and coverage at acceptable credit levels, this level may rise so that we succeed in the process of having Iraqi banks that are accepted internationally - and this is a step that does not exist - as Iraqi banks, especially public ones such as Rafidain and Rashid, have withdrawn from international financial transfers since the eighties of the last century."

Pointing out that "rehabilitating these banks, especially TPI Bank, can contribute to our having international acceptance for international correspondents for these banks." link

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Tishwash:  2025 budget is on the verge of legislation, and delaying the schedules will not stop the decision

Jamal Kojer, a member of the Finance Committee in Parliament, confirmed today, Saturday, that the 2025 budget schedules have not reached Parliament yet, but he stressed that the budget will be legislated during the current legislative session.

Kocher explained in a statement to {Euphrates News} that "the delay in the arrival of the tables will not affect the course of the budget legislation, indicating that the next legislative session will be quieter due to the preoccupation of the representatives with the elections, which will reduce their attendance at the sessions."

It is noteworthy that the financial advisor to the Prime Minister, Mazhar Muhammad Salih, said in a press statement that Article 77/Second of the Federal General Budget Law No. 13 of 2023, which regulates the preparation of the three-year budget, stipulates that the government sends the budget tables for the years 2024 and 2025 to the House of Representatives for approval before the end of the previous fiscal year.

He added that the Ministry of Finance has announced that it is in the process of preparing the general budget schedules for the year 2025, in accordance with the constitutional mechanisms adopted by the aforementioned Triennial Budget Law.

Saleh noted that the federal general budget tables for the year 2025 will be based on the constants of Federal Budget Law No. 13 of 2024, taking into account international and regional economic conditions and their changes, in a way that ensures that the provisions of the budget tables for the year 2025 are adapted within the available legal texts, in addition to relying on the performance of the indicators of the general budget tables for the year 2024. link

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Tishwash:  Salaries are secured and a committee is following up on Kurdistan’s dues.. Details of hosting Taif Sami in Parliament

On Saturday, January 11, 2025, the head of the Finance Committee, Atwan Al-Atwani, revealed the details of hosting the Minister of Finance, Taif Sami, within the committee, while indicating that the minister confirmed securing the salaries of employees during 2025 .

Al-Atwani said in a press statement followed by the "Al-Jabal" platform, "Minister of Finance Taif Sami confirmed during her hosting within the Parliamentary Finance Committee that employees' salaries are secured through 2025."

He added, "We have formed a subcommittee to follow up on the Kurdistan Region's dues for the years 2024-2025," adding, "The committee will submit its report in the next Monday's session regarding amending Article 12 / Second / Paragraph C of the General Budget Law."

Earlier today, the Iraqi Parliament's Finance Committee held a meeting, hosting Iraqi Finance Minister Taif Sami, to discuss the issue of amending the country's general budget law and securing employees' salaries.

A source from within the parliamentary finance committee previously told Al-Jebel platform that “this meeting (with the Minister of Finance) was supposed to be held before the legislative recess, but the travel of senior officials from the Iraqi Ministry of Finance prevented that,” adding that “the finance committee will collect all information related to the subject during the meeting to later submit it to the Speaker of Parliament.” 

The Parliamentary Committee hosted the Minister at the Parliament headquarters to discuss with her the issue of amending the General Budget Law, which the Parliament is scheduled to conduct its first reading of next Monday, and securing the salaries of public sector employees for the year 2025.

The Iraqi Parliament is scheduled to hold a session on Monday, January 13, to discuss and read a set of proposed draft laws, including an amendment to the provisions of Iraq’s General Budget Law No. 13 of 2023.

The aforementioned amendment is related to the resumption of oil exports from the Kurdistan Region abroad.

Member of the Parliamentary Oil and Gas Committee, Sabah Subhi Haider, had previously stated to the Mountain Platform, “We conducted the first reading of the amendment and all that remains is the second reading and voting on it. All expectations are moving towards an agreement, and there is a political agreement as well as an international and regional agreement on the necessity of re-exporting Kurdistan’s oil at a rate of 400,000 barrels per day.”

He added, "The order to resume oil exports from the Kurdistan Region is still in place, through amending (Article 12, Paragraph/Second C) in General Budget Law No. 13 of 2023."

Oil exports from the Kurdistan Region to abroad via the Turkish port of Ceyhan were halted in March 2023, after the International Court of Arbitration in Paris issued a decision to adjudicate a lawsuit filed by Iraq against Turkey regarding (the illegality of exporting Iraqi oil from the port of Ceyhan without coordination with the Iraqi SOMO Company). According to official statements by officials, the losses of Iraq and the Kurdistan Region from stopping the export process exceeded $20 billion since last year. link

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Mot:  Legends Say that Hummingbirds ----

Mot: . I Figured It Out!!! 

More News, Rumors and Opinions Saturday PM 1-11-2025

KTFA:

Clare:  Parliamentary Finance hosts Taif Sami to discuss 2025 budget schedules and salary insurance

1/22/2025  Baghdad

Today, Saturday, the Parliamentary Finance Committee hosted the Minister of Finance, Taif Sami.

An informed source said, "The meeting will discuss the 2025 budget schedules and securing salaries."

He added, "The meeting will also discuss Article 12 of the 2025 Budget Law Amendment, which relates to resuming the export of Kurdistan Region oil and preparing the final draft of the amendment." LINK

Clare:  The House of Representatives discusses amending the Unified Retirement Law and the General Budget

1/11/2025

The Iraqi Council of Representatives is scheduled to resume its sessions tomorrow, Sunday, and the first reading of the draft amendment to the Federal Budget Law is on the agenda, as it proposes extending the retirement age for public sector employees to 63 years.

In this regard, Dr. Narmin Marouf, a member of the Parliamentary Finance Committee, said: “The first session of the first legislative term of the new year will be held on Sunday, as the agenda includes the first reading of the draft law amending the General Retirement Law No. 9 of 2014.”

Dr. Narmin Marouf added: “The main article to be amended in the law is Article 5 related to the retirement age, as the amendment proposes returning the retirement age for public sector employees to 63 years, as it was before the legislation of the aforementioned law, which reduced the retirement age to 60 years.”

The Council of Representatives is scheduled to hold another session on Monday 13/10, and its agenda includes 10 paragraphs, the most important of which is the second reading of the draft amendment to the Federal General Budget Law.

The amendment relates to Article 12 of the Federal Budget Law of the Republic of Iraq for the fiscal years (2023-2024-2025) No. 13 of 2023, and this article concerns the export of oil extracted from the Kurdistan Region through the Iraqi Oil Marketing Company (SOMO).

On 11/7/2024, the Presidency of the Iraqi Council of Representatives decided to extend its legislative term for 30 days, starting from November 9.  LINK

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:  Parliament just announced the next session will include amending the budget.  It's on TV now...Sudani wanted this done by the 6th, no later than the 7th and now they're come out 3 days later saying okay, okay okay we're going to do it.  TV keeps going over the parliament plans on amending the investment budget in the next two sessions that are coming... FRANK:  If they truly do anything with the budge it will be exposing the new exchange rate.

Militia Man  Article "Explains the new mechanism for external transfers after the platform is closed"  Here again we're learning they've changed the dollar auctions to the new reinforcement mechanism ...That's why you're hearing people squeaking pretty loudly about pricing going up on the streets because they can't get the dollar...

Iraq's GDP to Increase Why This Matters for IQD Rate

Edu Matrix:  1-9-2025

Iraq's GDP to Increase Why This Matters for IQD Rate - Iraq is set to embark on a transformative $17 billion project to construct a rail line and motorway to Turkey, generating a promising 20,000 jobs for its citizens!

This development signals a bright future for IQD investors. Dive into the application of Okun's Law, revealing the crucial link between GDP and unemployment rates.

Explore Iraq's ambitious infrastructure projects, including the Central Bank Tower and Grand Al-Faw Port, recognized as top mega projects for 2025 by The B1M.

Meanwhile, BRICS is expanding with nine new partners, now representing half of the global population and a significant portion of the economy. Discover the implications of these shifts, including internal conflicts regarding a common currency.

https://www.youtube.com/watch?v=M2bPmjxogj8

Iraq Economic News and Points to Ponder Saturday Afternoon 1-11-25

 Economist: Electronic Financial Dealing Saves Iraq From The Scarcity Of Cash 

January 9 09:42  Information / Baghdad...  Economic affairs researcher Diaa Abdel Karim said on Thursday that the  shift towards electronic financial dealings and generalizing this to all government and private transactions will save the country from the scarcity of cash liquidity.

Abdel Karim told Al-Maalouma,  “Most of the countries of the world, and Europe in particular, have moved towards electronic financial dealing, so that society has created a culture of dealing with electronic cards in buying and selling in various sectors, and even with the decline of their economy, they will not suffer financially because their financial dealings are electronic".

 He added, "These transactions make it unnecessary for governments to print currency continuously, as this process is financially expensive, and
 
Iraq prints some denominations at home and other denominations of cash are printed abroad, and their
printing costs the financial value of this currency." He stated that
 
"the trend towards electronic dealing needs intensive education so that the cash mass is withdrawn from the street and dealing, especially with large sums, is transformed through electronic cards.
 
Thus, the citizen will not be forced to withdraw large sums of money from banks in order to buy a property or a car, etc., but rather will use His card in order to transfer money to the other party, which ensures the safety of financial dealings and does not waste the cash mass and remove it from the banking framework.” End25n    
  
https://almaalomah.me/news/87668/economy/اقتصادي:-التعامل-المالي-الالكتروني-ينقذ-العراق-من-شح-السيولة  

Economist: Electronic Financial Dealing Saves Iraq From The Scarcity Of Cash
 
    January 9 09:42  Information / Baghdad...  Economic affairs researcher Diaa Abdel Karim said on Thursday that the  shift towards electronic financial dealings and generalizing this to all government and private transactions will save the country from the scarcity of cash liquidity.

Abdel Karim told Al-Maalouma,    “Most of the countries of the world, and Europe in particular, have moved towards electronic financial dealing, so that society has created a culture of dealing with electronic cards in buying and selling in various sectors, and even with the decline of their economy, they will not suffer financially because their financial dealings are electronic"

 He added,  "These transactions make it unnecessary for governments to print currency continuously, as this process is financially expensive, and
 
Iraq prints some denominations at home and other denominations of cash are printed abroad, and their 
printing costs the financial value of this currency." He stated that
 
"the trend towards electronic dealing needs intensive education so that the cash mass is withdrawn from the street and dealing, especially with large sums, is transformed through electronic cards.
 
Thus, the citizen will not be forced to withdraw large sums of money from banks in order to buy a property or a car, etc., but rather will use His card in order to transfer money to the other party, which ensures the safety of financial dealings and does not waste the cash mass and remove it from the banking framework.” End25n    
  
https://almaalomah.me/news/87668/economy/اقتصادي:-التعامل-المالي-الالكتروني-ينقذ-العراق-من-شح-السيولة  

The Central Bank Of Iraq Sets The Rates For Banking Operations For Banks (Documents)
 
January 9, 2025  Baghdad/Iraq Observer
 
The Central Bank of Iraq set the rates for private banks’ operations.
 
Below are the documents:    
 
https://observeriraq.net/wp-content/uploads/2025/01/01379763-0096-4410-8a42-d375d4987b10.jpeg

https://observeriraq.net/wp-content/uploads/2025/01/e3cf277e-53ed-4598-a43c-ec42beb734cc.jpeg
  
https://observeriraq.net/البنك-المركزي-العراقي-يحدد-للمصارف-اس/    
 
 ~~~~~~~~~~
 
[approximate and incomplete translation of the two documents]
 
DATE: 2025/1/7  To/ all private banking banks
 
And/ banking price schedule
 
I look at the tables of the bank's banking processes
Prices and wages are available from you in exchange for providing Egyptian products and services for audiences and we take the opportunity to confirm some
The fundamental issues related to the protection of the public took into account the decision of the Board of Directors of feeding! Bank No. (7117) for 74 "1".
 
Gall The following:
 
«It is the responsibility of banks to adopt a reasonable pricing policy.
To provide digital services and products; In order to ensure raising levels
It is equal to all parties and is far from any prejudice or exaggeration with the rights of the vicinity.
 
2. The bank should mean displaying the commission, wage price and fees for the services and products it provides
For his Zayya »clearly, briefly, easy to understand, misleading, and announced in a way that can be accessed without color
And it will be coded at least on the official website of the bank and digital screens installed in the bank's halls
For customers ’waiting in all its branches, affiliated offices, entities and mobile applications
(Mobile Banking).

3. The bank does not have the right to require the customer to deposit a mamm to open the bank account, impose fees, wages, or deduction Shly the shape of the shapes to fulfill the lower lower backbone of the client. We are entitled to Egypt. Relationship of the account in
If the reckoning balance (zero) is the condition of notifying the Zion before the periods of not decreasing. (60) Days
 
https://observeriraq.net/wp-content/uploads/2025/01/01379763-0096-4410-8a42-d375d4987b10.jpeg
 
4. All private banks must formulate their unified banking price schedule annually
And presented it to this bank at a later date of December of each year, to be compatible with the upper limits
For the proportions specified in the schedule below and the inspection bodies of this bank will follow up on banks ’commitment to that
 
TABLE, in Arabic, TITLED
‘The Upper Ceilings For Banking And Banking Products’
 
We hope to take what is necessary from you and take into account what is mentioned in it when formulating the tables of banking prices
For your banks and to ensure adherence to it ... with appreciation.
 
https://observeriraq.net/wp-content/uploads/2025/01/e3cf277e-53ed-4598-a43c-ec42beb734cc.jpeg
  
https://observeriraq.net/البنك-المركزي-العراقي-يحدد-للمصارف-اس/ 

An Expert Calls For Diversifying Exports Of Extractive Goods Instead Of Relying On Petroleum Ones
 
January 11, 2025  Baghdad/Iraq Observer   Countries depend on their income in foreign currencies from one of the following sources:
 
     exports of goods and services,
     foreign direct investment,
     visitors coming from various countries,
     expatriates who transfer part of their money to their countries, and
     revenues from foreign investments generated by local institutions or persons outside the countries.
 

The head of the Future Iraq Center for Economic Studies and Consultations, Manar Al-Obaidi, stated that
 
although Iraq has
 
     investment opportunities and the
     ability to attract visitors and a number of
     Iraqi expatriates outside Iraq, and
     thousands of Iraqis own investments in various countries,
 
the state was unable to
 
     encourage all of these sectors to create foreign currency revenues and continued. To try to
     increase foreign exchange from sales of one commodity, which is oil. Al-Obaidi added during his speech to the Iraq Observer,
 
 “Iraq’s budget is based on the quantity of oil sold and the price of a barrel of oil,” wondering,
 
“Isn’t it time to try to increase foreign investments, of which more than 18 billion dollars have fled outside Iraq, according to World Bank data?” He continued,
 
"Isn't it time to
 
     encourage investments in extractive projects to
     diversify exports of extractive goods instead of exporting one commodity, which is oil, and to
     encourage exports of local industrial projects and
     adopt a clear export policy for various countries near and far?"  Al-Obaidi continues, asking,
 
“Isn’t it time to
 
     regulate the entry of tourists and

     try to benefit from their presence in Iraq and

     increase their spending in a way that creates other revenue for the Iraqi state by
 
    encouraging religious tourism from the countries with the highest income and therefore the highest spending instead of relying on a poor country to attract tourists, as well as

     establishing the Iraqi Ministry of Expatriates?”

     To communicate with Iraqi expatriates to encourage them to return to their countries and transfer part of their foreign investments to Iraq to contribute to creating income in foreign currencies.” He called for the
 
need to
 
     benefit from thousands of Iraqi cadres capable of selling their services to various companies in various countries of the world, through a remote work system, to provide income in foreign currencies, as well as to
 
     establish external investment funds that create a real return that contributes to supplying the profits of these funds as foreign currency into the country.
 
The economic expert calls on the government to abandon oil wealth and think about solutions outside the box, as the  oil era has ended and discussions about the timing of its end have begun.    
  
https://observeriraq.net/خبير-يدعو-الى-تنويع-صادرات-السلع-الاست/    

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

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 1-11-25

Good Afternoon Dinar Recaps,

RIPPLE'S RLUSD EXPANSION PLANS UNVEILED FOR MAJOR EXCHANGES, INCLUDING COINBASE LISTING STRATEGY

Ripple’s newly launched U.S. dollar-pegged stablecoin, RLUSD, is gaining momentum following its debut on Ethereum and the XRP Ledger last month.

Approved by the New York State Department of Financial Services (NYDFS), RLUSD has already been listed on Bitstamp, and Ripple is now in discussions with major exchanges like Coinbase to broaden its availability.

Jack McDonald, Ripple’s Senior Vice President of Stablecoins, outlined the technical and strategic challenges of exchange listings during an interview. 

“It’s not just a handshake agreement,” he explained, emphasizing the need for exchanges to adapt to different blockchain protocols. Ripple’s CTO, David Schwartz, hinted at eventual expansion to additional networks, further increasing the stablecoin’s reach.  

Challenges in securing listings with major exchanges

Despite Ripple’s approval from NYDFS providing a regulatory edge, McDonald acknowledged the complexities of securing support from major exchanges like Coinbase and Binance, which often maintain exclusivity with certain stablecoins.

For instance, Coinbase’s close partnership with Circle’s USDC presents challenges, though McDonald believes Coinbase might gradually diversify its stablecoin offerings.  

Volume and demand are also critical factors. Exchanges assess the cost-benefit of listing new assets, considering both technical integration and the ongoing support required. “They want to make sure that there is demand for it,” McDonald noted.  

Looking ahead, McDonald predicts that institutional-backed issuers with strong compliance frameworks will dominate the stablecoin market. Smaller players may struggle to meet regulatory costs, leading to a consolidation of market share among established names. Liquidity, regulatory approval, and institutional relationships are likely to play pivotal roles in determining market leaders.  

Ripple’s focus on robust compliance and institutional support positions RLUSD as a key player in this evolving landscape, with further listings expected to drive adoption in 2025.  

In addition, Ripple collaborates with Chainlink to improve RLUSD adoption

@ Newshounds News™

Source:  Traders Union

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XRP LEGAL BATTLE BEGINS ON WEDNESDAY

The SEC, the US Securities and Exchange Commission, has until January 15, 2025, to submit its initial brief on the Ripple case. The court had previously decided that XRP was not a security in and of itself when the appeal was filed.

The financial watchdog contesting some of the ruling’s findings, including how Ripple’s XRP sales on cryptocurrency exchanges and the private XRP sales of Chris Larsen and Brad Garlinghouse, two of the company’s executives, should be categorized. The upcoming brief will most likely revolve around those arguments.

SEC chair Gensler, who has spearheaded the agency’s vigorous targeting of the cryptocurrency sector, will resign on January 20. Donald Trump, the president-elect, will take office on the 20th.

Gary Gensler will be replaced as SEC Chair by Paul Atkins, suggesting possible adjustments to the agency’s stance on crypto regulation. The case may likely be resolved given Gensler’s departure.

Media reports predict that the SEC may cut back on or drop some crypto lawsuits. The SEC may instead prefer settlements, also known as “consent decrees,” which provide industry clarity and permit negotiated resolutions.

These settlements may help the industry meet regulatory requirements without completely abandoning cases by encouraging the SEC to create more precise guidelines and regulations.

Brad Garlinghouse, the CEO of Ripple, voiced optimism, pointing out that Atkins could “bring common sense back to the agency.” “XRP may solidify its non-security status and possibly start a bullish price trend if the SEC withdraws its appeal as a result of this leadership change.

@ Newshounds News™

Source:  FX Leaders

~~~~~~~~~

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FED Pivot Is DEAD: NO Interest Rate Cuts in 2025 as Economy Adds 256,000, Exceeding Expectations

FED Pivot Is DEAD: NO Interest Rate Cuts in 2025 as Economy Adds 256,000, Exceeding Expectations

Lena Petrova:  1-11-2025

The much-anticipated “pivot” by the Federal Reserve – the shift from aggressive interest rate hikes to potential cuts – appears to be firmly off the table, at least for 2025.

This conclusion comes hot on the heels of a robust jobs report that far exceeded expectations, adding 256,000 jobs to the U.S. economy. The data paints a picture of a labor market that remains surprisingly resilient, potentially dashing hopes for a change in monetary policy aimed at easing the pain of high borrowing costs.

For months, investors and economists have been parsing every piece of economic data, searching for signs that the Fed would soon begin to lower interest rates. The logic was straightforward: inflation had begun to cool, and the cumulative effect of prior rate hikes would eventually lead to a slowdown in economic activity, prompting the central bank to ease its grip. However, the latest employment figures throw a significant wrench into these expectations.

The unexpectedly strong job growth isn’t just a number; it’s a signal that the economy is still running hot. With more people employed, the potential for increased consumer spending and continued inflationary pressures remains very real. This puts the Federal Reserve in a precarious position.

 Their primary mandate is to ensure price stability and promote maximum employment. While employment is clearly strong, inflation, while lower than its peak, is still above the Fed’s target of 2%.

The Federal Reserve’s next move will largely depend on upcoming inflation data. If inflation remains stubbornly high despite the strong jobs market, the Fed will likely maintain its current stance. However, a noticeable cooling in inflation could still open the door for rate cuts, albeit later than previously anticipated.

The focus now shifts to subsequent economic reports.

As the Fed continues to monitor the economic landscape, investors and analysts will be closely scrutinizing inflation data, consumer spending figures, and any further shifts in the labor market. The narrative of a quick pivot, it appears, has been replaced by a more cautious and data-dependent approach.

While the strong employment numbers are a positive sign for the labor force, they present a new challenge for the Federal Reserve in their fight to curb inflation. The economic path forward remains uncertain, but one thing is now clear: the prospect of interest rate cuts in 2025 is far from guaranteed.

https://www.youtube.com/watch?v=iwBGFL8tRSg

Weekend News With MarkZ 1-11-2025

Weekend News With MarkZ

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

Mod:  GOOD MORNING ALL! HAPPY SATURDAY! CBD MATT AND LUCAS KICK OFF THE FIRST 45 MINS AND MARK GIVES THE NEWS UPDATE AT 10:30 AM

Member: good Morning one and All

MZ: ” Parliamentary Finance: Political Blocs do not agree to amend article 12 on the region’s oil” HCL gets its second reading on Monday …it appears there will be serious progress on the HCL. This is a case where the title of the article does not reflect the content.

Member: Thought HCL was Approved already a few weeks ago?   They really do like to kick the can

Member: Second Reading on Monday ONLY if not postponed AGAIN

Member: Goldilocks said HCL was done and they were only waiting for 2 laws to be signed in quickly and we are good to go. I believe they were signed in already.

MZ: I am being told if the second reading goes well….they will immediately do the third reading …then Boom we will finally have the HCL.

Member: This is mental gymnastics because it was said that HCL had been already done. They had a second reading before last year. It seems like they are trying to throw off timing on this.

MZ: No updates on CMKX, Mr. C or the bond side yet today

Member: I heard a rumor that Sudani said the IQD would be worth $54 cents in the next 72 hours.

Member: At this point, I don't care what the rate is. Just get it done. I will make it work

MZ: I had not heard that tumor yet…but who would jump on it? I would sure think about exchanging and holding it in a multi currency account

Member: so you hold it in an account like that to just wait for an increase in it's value?  Sounds good

MZ: In today’s banking world where we do not have parity (same rate values) currencies fluctuate against each other.  If you hold currency in a multi currency account –held in the bank account as Iraqi dinars…..not US dollars. Then if the currency rate goes up…..my bank account goes up as well.

Member: If I could bring in 25,000 IQD and hold the rest for later I would jump!

Member: Still hearing no RV until after the inauguration.

MZ: It’s possible. Mr. C is of that belief. But my banking sources still believe there is a good possibility we will have a rate change this evening……..late this evening

MZ: if the news is so good after this evening…..I will be here tomorrow to let you all know.

MZ: It always was stated that the best time to do this was between 11PM est and 2AM est on a Saturday night into a Sunday Morning …so maybe?

MZ: But a number of bond contacts told me very clearly it will happen after the 21st or 22nd.

Member: Will we still get a contract rate on the IQD?

Member: would you explain contract rate vs exchange rate in simple terms.

Member: the exchange rate is for general public. Contract rate is part of an oil contract in Iraq that will pay a higher rate than public rate. We'll get the contract rate on exchange.

MZ: “Zimbabwe’s currency crisis worsens as illegal traders flourish” This is showing us clearly why they need to move forward. Zimbabwe needs the reset- for all of us to go for them to have the liquidity they need.

Member: MilitiaMan is excited

MZ: Yes- we spoke yesterday ….He is excited and I am also very excited…there is a lot of good news coming out of Iraq this weekend.

Member:  Everyone have a blessed weekend. Thanks, MarkZ for all you do.

Member: See everyone Monday …unless something big happens tonight….then see you tomorrow.

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.

THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Youtube:     https://www.youtube.com/watch?v=O_uWFSpytUE

News, Rumors and Opinions Saturday 1-11-2025

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 Sat. 11 Jan. 2025

Compiled Sat. 11 Jan. 2025 12:01 am EST by Judy Byington

Global Financial Crisis:

Fri. 10 Jan. 2025: Rep. Buddy Carter has just introduced a bill to abolish the IRS and the Federal Income Tax.

Fri. 10 Jan. 2025: Major department store is closing 27 locations across 14 states. A major US retailer announced Thursday that it will be shutting down 27 locations across 14 states this year. Of those locations, 10 are located in California.  https://www.msn.com/en-us/money/companies/major-department-store-is-closing-27-locations-across-14-states/ss-BB1rdQ59

Read full post here:  https://dinarchronicles.com/2025/01/11/restored-republic-via-a-gcr-update-as-of-january-11-2025/

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26   Question:  "What do you think Iraq's time to allow international to exchange our notes?  That's their prerogative.  Normally when something like this happens the IMF works with that central bank of that country and they figure out a time frame.  It can be three months...six months.  It can be a year.  The Untied Sates of America never cancelled our 3 zero notes... America never stopped allowing 3 zero notes to be exchanged but I got a feeling Iraq will and they should.

Militia Man  Article: "Al-Nusairi: Explains the new mechanism for external transfers after the platform is closed"  We have been following this and we have been spot on...They finally have done what was expected. This is to get the Central Bank back to normalcy...with international standards. That it a fact. A very good thing to have had correct all along [in our] study of the Iraqi Dinar...

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Silver Price ALERT: Why Andy Schectman Calls It the Opportunity of a Lifetime! | Silver Price 2025

Economy Express:  1-10-2025

Silver Price ALERT: The Untold Story Behind Andy Schectman’s Opportunity of a Lifetime! In today's video, we delve into the critical insights shared by Andy Schectman regarding the silver market and why he believes it represents an unparalleled investment opportunity.

 As the global economy faces unprecedented challenges, Schectman warns that the true value of silver is being suppressed, and a significant price discovery is imminent.

We explore the implications of Federal Reserve policies, rising interest rates, and the systemic risks facing banks. Discover how silver can serve as a hedge against inflation and why now is the time to consider diversifying your portfolio into tangible assets.

https://www.youtube.com/watch?v=4yRn39cG7fs

UN in Turmoil: BRICS Breaks the Chain of Western Control: End of US Influence as We Know It?

Fastepo:  1-11-2025

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 1-11-25

Good Morning Dinar Recaps,

NEW HOUSE FINANCIAL SERVICES LEADERSHIP TARGETS DIGITAL ASSET REGULATION

The House Financial Services Committee has chosen leadership with an eye toward digital asset regulation.

Rep. French Hill (R-Ark.) announced the new appointments Thursday (Jan. 9), promising to “right-size the regulatory system for particularly community banks,” and “create a regulatory framework for digital assets that will protect investors and consumers.”

In addition, Hill said the committee would “ensure agencies are focused on their core statutory directed missions” and not political agendas.

The committee’s vice chairman — a position held by Hill in the last term — will be Rep. Bill Huizenga (R-Mich.). In addition, Hill said, Rep. Mike Lawler (R-N.Y.) will serve as vice chair for communications, and Rep. Mike Haridopolos (R-Fla.) will be committee whip, the latter to “ensure our Republicans are working together toward our common goal.”

In addition, the committee has announced chairs for its various subcommittees, including: Rep. Ann Wagner (R-Maine), Capital Markets; Rep. Andy Barr (R-Ky.), Financial Institutions; Rep. Bryan Steil (R-Wis.), Digital Assets, Financial Technology and Artificial Intelligence.

Rep. Warren Davidson (R-Ohio) was named chair of the Subcommittee on National Security, Illicit Finance, and International Financial Institutions, with Rep. Dan Meuser (R-PA) overseeing the Subcommittee on Oversight and Investigations. Lastly, the Subcommittee on Housing and Insurance will be chaired by Nebraska Republican Rep. Mike Flood.

As PYMNTS wrote earlier this week in a look at the upcoming legislative session, there have been a number of attempts at laws to create frameworks around digital asset markets.

For example, the Financial Innovation and Technology for the 21st Century Act was passed by the House but not the Senate. The act would, among other things, establish standards for digital assets and consumer protections, and segregation of funds.

And then there’s the question of cryptocurrency. Speaking with PYMNTS, Mike Katz, a partner in Manatt, Phelps and Phillips Financial Services Group, said that “despite the razor-thin Republican majorities, there is a growing bipartisan consensus in Congress around the need for thoughtful, innovation-focused crypto and AI legislation.

“It will be interesting to see if any digital asset bills are part of the tax-and-border-focused reconciliation package already being discussed in Congress. I’d expect a strong stablecoin bill to move quickly given existing bipartisan support,” he added.

@ Newshounds News™

Source:  Pymnts

~~~~~~~~~

BRICS NEWS:  BRICS: US DOLLAR REMAINS IN HIGH DEMAND, DE-DOLLARIZATION FAILING

The BRICS alliance which kick-started the de-dollarization agenda is now under the mercy of the US dollar in 2025. The US dollar remained in the green for nine consecutive days in the DXY index and tramping other local currencies. 

The Indian rupee has fallen to a lifetime low of 85.93 and is on the brink of dipping to the 86 level. The Chinese yuan and the Japanese yen are facing similar lows and are unable to take on the rising US dollar.

The US dollar singlehandedly outperformed all local currencies in 2025 taking the top spot in the currency markets. The USD has now reached a high of 109.30 in the DXY index and could breach its all-time high of 109.53. The currencies of BRICS members are the hardest hit despite the alliance pushing the de-dollarization agenda to bring the US dollar down.

BRICS: Here’s Why the US Dollar is Rising and De-Dollarization is Failing

The first boost to the dollar came in early January after US weekly Initial Jobless Claims declined to 201,000 from the previous 211,000. The US Department of Labor (DOL) published the report indicating that the jobs market could ease out leading to employability. 

In addition, Fed Governor Christopher Waller made an announcement saying that inflation could continue to fall in 2025. These two events early this month boosted the US dollar’s prospects and dented the BRICS’ de-dollarization initiative.

The BRICS bloc now remains under pressure as local currencies are facing an uphill task to sustain themselves. The raging US dollar is showing no signs of stopping and is taking the de-dollarization agenda by the horns. 

If the momentum persists, BRICS can only dream of de-dollarization and never make it a reality. The US dollar has sustained many whiplashes over the last seven decades and has faced all challenges head-on.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

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“Tidbits From TNT” Saturday Morning 1-11-2025

TNT:

Tishwash:  It can become a major source of income in the economy.. Al-Sudani directs the maturation of tourism projects

Prime Minister Mohammed Shia Al-Sudani stressed, today, Saturday (January 11, 2025), the necessity of investing in Baghdad as the capital of Arab tourism to launch tourism development projects, considering that it can be transformed into a primary source in the non-oil economy.      

The Prime Minister's media office stated in a statement received by "Baghdad Today" that "Al-Sudani chaired a meeting today, Saturday, devoted to presenting a package of tourism projects planned to be established in the capital, Baghdad, and the rest of the governorates."

According to the statement, Al-Sudani directed to work on maturing tourism projects and offering them as a single package, especially since developing this sector will contribute to strengthening and diversifying the national economy by activating vital sectors, including the tourism sector, which the government is keen to activate for the next stage, based on its government program.

He pointed out that tourism and its components are available in Iraq, and it is possible to transform into a basic source in the non-oil economy, with the availability of opportunities, local need, and the desire of citizens to benefit from and enjoy modern, advanced, and environmentally friendly tourism facilities. It also represents a gateway to expanding the elements of attraction for incoming tourism from abroad.

The Prime Minister explained the importance of investing in the opportunity of choosing Baghdad as the Arab Tourism Capital for the year 2025, building attractive tourist and entertainment facilities and installations, overcoming bureaucratic obstacles, and creating more suitable conditions to attract foreign investment in this sector. 

According to the statement, the meeting approved extending an invitation to a Spanish company specialized in tourism development in order to put projects related to this sector into action, as well as to develop the capabilities of specialized tourism cadres and keep pace with the latest developments witnessed by this sector globally.

21 tourism projects were also reviewed, including hotels, resorts, sustainable forests, cities and entertainment complexes in Baghdad and various governorates, which provide attractions, infrastructure and economic feasibility. link

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Tishwash:  Iraq awaits "financial challenges".. Dollar scarcity, liquidity declines, and salary reserves are sufficient for 6 months

International economics expert Nawar Al-Saadi confirmed today, Friday (January 10, 2025), that Iraq is facing major and dangerous financial challenges, and these challenges must be avoided through real reforms.

Al-Saadi said in an interview with Baghdad Today that “the financial challenges in Iraq are ongoing, but recently they have begun to threaten its monetary stability and raise concerns about their impact on the government’s ability to pay salaries in the coming months.

 I do not believe that they will lead to an inability to pay salaries, as the Ministry of Finance has a reserve that may reach at least 6 months, but this concern stems from several data and indicators that have emerged recently, including that the Iraqi economy depends almost entirely on oil revenues, which represent the main source of government revenues, and any decline in global oil prices leads to a reduction in these revenues, which puts additional pressure on the general budget and increases the possibility of a financial deficit.”

He pointed out that "there are problems related to foreign currency management, as dollar smuggling operations have worsened through some unofficial outlets and weak supervision of banks, which has led to a shortage of dollars in the local market and a decrease in general liquidity. This affects monetary stability and puts the government in difficulty in financing salaries, especially with the increasing reliance on cash reserves to cover this deficit."

He added, "The banking sector suffers from a lack of confidence among citizens, as many prefer to keep their money outside the banking system, and this behavior contributes to reducing the cash flow available in the market, which adds further complexity to the financial situation."

The international economics expert concluded by saying, "In short, Iraq's financial situation requires urgent reform steps that include diversifying sources of income, improving revenue management, and enhancing citizens' confidence in the banking system, to avoid a liquidity crisis that could have broad repercussions on the economy and society." link

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Tishwash:  Reveals details of the restructuring plan for Rafidain and Rashid Banks

An economic expert revealed the government’s plan to restructure its two banks, Rafidain and Rashid.

Salah Nouri told Al Furat News Agency, "The reasons for restructuring Rafidain and Rashid banks are the presence of bad financial assets, most of which are loans granted that were impossible to obtain before 2003, which led to a decline in the credit rating by international financial institutions and the refusal to deal with them."

He explained that "in order to restore international confidence in the two banks, it is necessary to restructure the two banks by excluding bad financial assets from the financial center of the two banks and using modern technology and establishing two parallel banks, one for Rafidain and the other for Rashid, to which the bad financial assets will be transferred."

He explained, "After separating Rafidain Bank into a bank that owns sound financial assets and another parallel Rafidain Bank that owns bad financial assets, as well as Rashid Bank into Rashid Bank that owns sound financial assets and Rashid Bank that owns bad financial assets, Rafidain and Rashid banks, which own sound financial assets, will be merged into one bank, as well as merging Rafidain Bank with bad financial assets with Rashid Bank with bad financial assets into one bank."

Nouri said that "the new bank after the merger with sound financial assets will practice cash and contractual credit activities and dealings with international financial institutions, but the new bank after the merger with sound financial assets needs capital support with not small amounts, and this must be determined by the party that supports the capital, according to the government decision."

He noted that "among the financial activities of the new bank is the use of artificial intelligence in addition to bank employees with high technical skills."

He continued that "the process of restructuring the two banks financially and organizationally since 2011 with the membership of the Federal Board of Financial Supervision, the Central Bank of Iraq, the international auditing firm EY, the Ministry of Finance and the two banks concerned, has stopped, and currently the process of restructuring the financial and organizational structure has been resumed by assigning the international auditing firm according to the methodology referred to above."

Prime Minister Mohammed Shia al-Sudani chaired a special meeting yesterday, Thursday, to discuss the development of the work of government banks, in the presence of representatives of Ernst & Young for Auditing and Financial Consulting.

The Prime Minister explained that "the completion rate of the project to restructure Rafidain Bank has reached its final stages, stressing that it will enter into force in the coming few days, within the framework of a plan that has been studied and implemented according to the established standards and specifications."

Meanwhile, the Prime Minister's financial advisor, Mazhar Mohammed Salih, revealed to {Al Furat News} that a new banking entity is about to be born in Iraq.

Salih said that "the study aims to establish a new banking entity specializing in government banking operations, to meet the needs of the government exclusively. This entity will contribute to achieving the goals of the unified treasury account, which is a crucial tool for regulating cash flows for public finances."

He pointed out that "the study focuses on evaluating the legal status of the two banks, including property rights, evaluating assets and liabilities, and studying the requirements of a strategic partner if necessary, with a focus on developing the two entities to operate according to advanced financial technology that meets the requirements of the national banking market."

He stressed that "the structural reform also aims to enhance the integration of the two banks into the national banking market and enable them to expand into global financial markets, especially in the areas of trade and investment financing for the private sector," indicating that "the two potential entities will rely on modern systems in compliance, governance and risk management, with a focus on digital payments."  link

Mot: . ARE YOU READY!!!??? --- I Am!!!

Mot: Over the Hill……