US Banks Massaging Numbers, it all Comes Crashing Down in 2025

US Banks Massaging Numbers, it all Comes Crashing Down in 2025

Daniela Cambone : 1-15-2025

Ripple effects from store closures, rising vacancies, and mounting debt are poised to trigger a “knock-on” effect in commercial real estate loans in 2025, according to renowned economist Nomi Prins. 

In a recent episode of the “2025 Outlook Series” with Daniela Cambone on ITM Trading, Prins painted a concerning picture of the financial landscape, highlighting a confluence of factors that could destabilize the sector.

Prins, a respected American economist, author, journalist, and public speaker, didn’t mince words when discussing the vulnerabilities within the commercial real estate market. She warned of a potential chain reaction stemming from increasing store closures and rising vacancies, both of which are symptomatic of a broader economic unease fueled by mounting consumer and corporate debt.

“We’re going to see a ‘knock-on’ effect on commercial real estate loans,” Prins stated, emphasizing the interconnectedness of these issues. The core of the problem, as she sees it, lies in the increasing difficulty businesses face in maintaining profitability and solvency, which ultimately impacts their ability to fulfill their lease obligations. This, in turn, leads to vacant properties and a downward spiral in the commercial real estate market.

Beyond the immediate issues within the sector, Prins pointed to deeper structural concerns. She highlighted the exponential growth of U.S. debt and the uncertainties surrounding U.S. trade as significant headwinds that further complicate the situation. These macro-economic pressures, coupled with the ongoing challenges for businesses, are creating a perfect storm for the commercial real estate market.

Prins’s analysis paints a stark picture for the immediate future. The combination of troubled businesses, rising vacancies in commercial properties, and the unsustainable debt burdens held by both consumers and corporations creates a volatile environment susceptible to rapid shifts and potential crises.

The warnings from Prins serve as a crucial reminder of the interconnectedness of the global financial system. The issues she highlights within commercial real estate are not isolated incidents; they are indicative of broader economic vulnerabilities that require careful monitoring and potential intervention.

As we head into 2025, the potential for a “knock-on” effect from commercial real estate loans should be a significant concern for investors, policymakers, and the broader public alike. Prins’s insights underscore the need for a proactive and transparent approach to address these challenges before they escalate into a full-blown economic crisis.

 https://youtu.be/d8OtHOC5qxM

More News, Rumors and Opinions Thursday PM 1-16-2025

KTFA:

Clare: European and Gulf officials.. Baghdad to receive important leaders in the coming days

1/16/2025

Informed sources revealed on Thursday that the Iraqi capital, Baghdad, will receive important international leaders in the coming few days.

The sources told Shafaq News Agency, "Baghdad will witness a series of successive visits by the foreign ministers of France, Italy, and the European Union countries, in addition to the ministers of the countries of the region (neighboring and regional), and the Gulf countries in the coming days."

According to the sources' information, "the visit of important international leaders to Baghdad comes after the end of the Gaza and Lebanon page, and therefore the Syrian file must be discussed in detail with Iraq, and these visits will precede the Baghdad Dialogue Conference scheduled to be held next month."

The sources explained that "the ministers or representatives of those countries, specifically the major countries active in global changes, will convey their governments' visions regarding the Syrian file in parallel with the changes taking place in the region."   LINK

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Clare:  In London.. Iraq signs new memoranda of understanding with British companies in various fields

1/15/2025

Today, Wednesday, in the British capital, London, a ceremony was held to sign a number of memoranda of understanding between the Iraqi public and private sectors and a number of British companies and institutions, in a number of fields, in the presence of the Deputy Prime Ministers (Minister of Foreign Affairs and Minister of Oil).

The Iraqi Prime Minister's Office said in a statement received by Shafak News Agency that a memorandum of understanding was signed between the Ministry of Construction and Housing/General Water Department and IHS Consulting Company, in the field of providing experimental studies for the comprehensive water agreement. 

Another MoU was signed between Trade Bank of Iraq (TBI) and Standard Chartered Bank.

The ceremony witnessed the signing of a memorandum of understanding between Al-Rida Group and the British James Cubitt Company regarding Basra water.

Meanwhile, an ammonia supply contract was concluded with the British company Kibit regarding the establishment of a black urea project for the Iraqi private sector.

A memorandum of understanding was also signed with Jaguar Land Rover to open a branch of the company in Basra Governorate, as well as signing another memorandum of understanding regarding the desalination of Basra water.

While the Iraqi Noor Al Hilal Company signed a memorandum of understanding with the British company Evono Ball, regarding the establishment of chlorine and soda factories.

The Iraqi Najjah Investor Company also signed a memorandum of understanding with Inovo Pool Company regarding the supply of chlorine and soda.

In the field of scientific cooperation, a memorandum of understanding was signed in the educational aspect between Al-Mamoun University College and SOAS University of Middle Eastern Studies, to exchange missions and joint cooperation, making it the first Iraqi private university to sign an economic and academic memorandum of understanding with a reputable British university.  LINK

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

Mnt Goat   Article:  “GOVERNMENT ADVISOR: ASYCUDA SYSTEM IS A VITAL TOOL FOR DEVELOPING CUSTOMS WORK AND BOOSTING INTERNATIONAL TRADE”...“WOW!”... This is another article about these future non-oil revenues...The Prime Minister’s Advisor for Financial Affairs, Mazhar Muhammad Salih, reviewed on Sunday, the importance of adopting the ASYCUDA system in customs administration, noting that it reduces delays at ports and boosts international trade...Remember again that this system needs a link to FOREX currency exchange to get the most current, UpToDate rate of currencies in order to calculate the fees. They cannot “fully” implement it without this tie in.

Fnu Lnu  The budget has been passed. It was read long ago. All they are doing is reading the amendment...therefore there is no need to read the budget again...There is no significance to them NOT reading the entire budget because it isn't on the table. ONLY the amendment to the budget is on the table which is why they read it twice...This is not a noteworthy event...It is business as usual...as it should be

Us Government To Buy XRP As Reserve Asset

Economic Ninja:  1-16-2025

Us Government To Buy XRP As Reserve Asset and this is boosting XRP investors interest in XRP which is also causing the XRP price to hit higher highs and this is great XRP news.

https://www.youtube.com/watch?v=Mth8UMKumJ0

GLOBAL DEBT MARKET YIELDS IN FREEFALL! STOCK MARKET SKYROCKETS! WHAT'S NEXT?

Greg Mannarino:  1-15-2025

https://www.youtube.com/watch?v=g250JU-0UmA

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 1-16-25

Good Afternoon Dinar Recaps,

BRICS: RUSSIA & MYANMAR TO TRADE IN LOCAL CURRENCY, DITCH US DOLLAR

Myanmar’s Foreign Economic Relations Minister, Kan Zaw revealed that they are negotiating a local currency payment system with Russia. “We have been negotiating the kyat-ruble payment system to facilitate the bilateral trade.

However, the central banks of the two countries have been keeping the current series of discussions at a very low profile,” he said. The discussions will only benefit the BRICS bloc and add another feather to its de-dollarization agenda.

“Bilateral trade between the two countries will be increased through constructive dialogues at the national level by exchanging views on the potential of being able to connect with each other based on the needs of the market, resolving the difficulties encountered, and finding collaborative ways,” said Myanmar’s minister. The initiative aligns with the BRICS ideals of reducing the supply of the US dollar for global trade and transactions.

BRICS: Russia & Myanmar Look to End US Dollar Reliance, Promote Local Currency

Myanmar’s Foreign Economic Relations Minister, Kan Zaw revealed that they are negotiating a local currency payment system with Russia. “We have been negotiating the kyat-ruble payment system to facilitate the bilateral trade.

However, the central banks of the two countries have been keeping the current series of discussions at a very low profile,” he said. The discussions will only benefit the BRICS bloc and add another feather to its de-dollarization agenda.

“Bilateral trade between the two countries will be increased through constructive dialogues at the national level by exchanging views on the potential of being able to connect with each other based on the needs of the market, resolving the difficulties encountered, and finding collaborative ways,” said Myanmar’s minister. The initiative aligns with the BRICS ideals of reducing the supply of the US dollar for global trade and transactions.

In addition, BRICS members Russia and Iran will soon sign a defense deal without incorporating the US dollar. Both countries aim to use their local currencies, the rial and ruble, and not the US dollar.

Read here to know more details about the upcoming defense partnership between Russia and Iran. BRICS is advancing the de-dollarization initiative and is threatening the future prospects of the US dollar. Local currencies could take center stage in the next decade and begin to shake the roots of the US dollar.


@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

RIPPLE CEO CALLS SEC’S APPEAL ‘INSANITY’ AS LEGAL FIGHT INTENSIFIES

Ripple remains resolute as it dismisses SEC's latest appeal as groundless repetition of old arguments.

The United States Securities and Exchange Commission (SEC) has submitted its opening brief to challenge a court decision favoring Ripple.

In its Jan. 15 filing, the SEC claims that Ripple’s XRP sales to retail buyers should be classified as unregistered securities transactions.

According to the SEC:

“The district court erred both factually and legally in concluding that defendants’ offers and sales of XRP to public buyers who purchased on crypto asset trading platforms—including retail investors—and Ripple’s offers and sales of XRP for which Ripple received non-cash consideration were not offers and sales of investment contracts.”

The financial regulator also argued that Ripple’s activities fostered profit expectations among buyers, satisfying the criteria for an investment contract under the Howey Test.

Considering this, the financial regulator requested that the Appeals Court vacate the lower court’s erroneous ruling.

The SEC’s appeal follows its partial defeat in July 2023 when Judge Analisa Torres ruled that only XRP sales to institutional investors qualified as securities. The court concluded that sales to retail investors did not violate US federal securities laws, prompting the SEC to seek a reversal of this outcome.

The case began in December 2020 and ended with Ripple fined $125 million in August 2024. However, the SEC’s appeal has added further complexities to the ongoing legal battle.

Ripple’s response

Ripple’s Chief Legal Officer, Stuart Alderoty, has dismissed the SEC’s appeal as a repetition of arguments that have already failed in court.

Alderoty emphasized that Ripple remains resilient, viewing the SEC’s actions as an obstacle to broader regulatory clarity. He stated that the company would respond formally to the brief while continuing to focus on growth in a changing regulatory environment.

He added:

“The SEC’s lawsuit is just noise. A new era of pro-innovation regulation is coming, and Ripple is thriving.”

Ripple CEO Brad Garlinghouse also echoed this sentiment, saying:

“[The SEC’s brief is] one definition of insanity…. Doing the same thing over and over and expecting different results. Gensler’s SEC really took this to heart.”

@ Newshounds News™

Source:  CryptoSlate

~~~~~~~~~

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Ben Stein: 5 Ways You’ll Destroy Your Financial Health

Ben Stein: 5 Ways You’ll Destroy Your Financial Health

Peter Burns   Wed, January 15, 2025   GOBankingRates

From maxing out your credit cards to financing a house you can’t afford, there are many things you can do to decimate your savings and derail your financial future. Personal finance expert and author Ben Stein kept track of the best ways to do just that.

In a fun twist of the financial improvement genre, Stein’s book, “How To Ruin Your Financial Life,” details the different ways you can bankrupt yourself through poor choices. Here are some bad decisions that will lead to financial instability.

Don’t Educate Yourself

It’s no secret that personal finance isn’t a priority in schools. In 2024, only 26 states in the U.S. required a personal finance course for all high schoolers, up from just eight states in 2020. If you’re hoping to remain in financial turmoil for your entire life, Stein suggests not making any attempt to educate yourself and improve your financial practices.

On the other hand, taking the initiative to learn about personal finance will lead to financial independence, less stress and better decisions. Following finance blogs, listening to podcasts, taking online courses and reading books can all help you better understand how money works and how it can work for you.

Keep Up With the Joneses

One of the easiest ways to negatively affect your financial health is by comparing yourself to others. Purchasing things to impress others often results in living beyond your means. Stein explains that spending more than you earn is an unsustainable practice that will drive you to debt.

You will never have to look far to find someone with a more expensive car, a bigger house or the newest gadget. Shifting your mindset toward achieving financial goals that improve your life instead of focusing on outspending your friends, colleagues and neighbors will make you happier in the long run.

Use Credit Cards as Much as Possible

TO READ MORE:  https://www.yahoo.com/finance/news/ben-stein-5-ways-ll-190110626.html

The 10 most powerful currencies in the world.. Arab countries top the list

KTFA:

Clare: The 10 most powerful currencies in the world.. Arab countries top the list

1/16/2025

The strength of the currency is an important indicator of the health of the national economy, political stability, and the financial policies followed.

While many factors influence the value of currencies, sustained economic performance and institutional stability often determine a currency's standing in global markets.

Understanding these dynamics is essential for investors who trade the foreign exchange market and analyze international financial trends.

The Bankrate website monitored, in a report reviewed by Al Arabiya Business, a list of the strongest currencies in the world.

1- Kuwaiti Dinar

The Kuwaiti Dinar is currently the strongest currency in the world, with traders getting 0.31 Kuwaiti Dinars for every US Dollar.

It is worth noting that Kuwait has about 7% of the world's oil reserves, which greatly supports the value of its currency.

2- Bahraini Dinar

The Bahraini Dinar is the second strongest currency in the world, with traders getting 0.38 Bahraini Dinars for every US Dollar.

Bahrain is an oil-rich country, which contributes significantly to the strength of its currency, and the attractive investment environment enhances the stability of the Bahraini dinar.

3- Omani Rial

The Omani Rial is the third strongest currency, with traders getting 0.39 Omani Rial per US Dollar.

Oman has been producing more than 1 million barrels of oil per day since the 1960s, boosting the value of its currency.

4- Jordanian Dinar

The Jordanian Dinar is a strong currency, ranking fourth, with traders getting 0.71 Jordanian Dinars for every US Dollar.

Although Jordan does not have huge oil reserves, its diverse resources such as minerals contribute to the strength of its currency.

5- British pound

The British pound is the fifth strongest currency in the world, with traders getting 0.82 pounds to the US dollar.

Sterling's long history and economic stability, as well as London's stability as a global financial centre, are factors contributing to its strength.

6- Gibraltar pound

The Gibraltar pound is pegged to the British pound in value, with traders receiving 0.82 Gibraltar pounds to the US dollar.

This currency is strongly linked to the pound sterling, along with Gibraltar's thriving tourism and financial sector, which boosts its value.

7- Cayman Islands Dollar

The Cayman Islands dollar ranks seventh, with traders getting 0.83 Cayman dollars to the US dollar.

The Cayman Islands' favourable tax regime, which lacks direct taxes, contributes to the strength of the currency, as well as the high economic activity.

8- Swiss Franc

The Swiss franc is the eighth most powerful currency in the world, with traders getting 0.92 Swiss francs per US dollar.

The Swiss franc is known as a safe haven for investors in times of international crises, as well as the stability of Swiss monetary policy.

9- Euro

The Euro is the ninth most powerful currency in the world, with traders getting 0.98 Euros per US Dollar.

The euro is used in 20 EU countries, which strengthens its strength, along with the presence of economically strong countries such as Germany and Spain.

10- US Dollar

Despite its global dominance, the US dollar is the tenth most powerful currency.

Since the end of World War II, the dollar has become the world's premier reserve currency, allowing the United States to borrow at low interest rates.

While the Kuwaiti dinar is the strongest currency, the Swiss franc is considered one of the most stable currencies thanks to Switzerland's political neutrality, low debt-to-GDP ratio, and conservative monetary policy.   LINK

Markets are at Peak Financial Risk-Financial Reset Coming?

Markets are at Peak Financial Risk-Financial Reset Coming?

Wealthion:  1-16-2025

Is the financial system teetering on the edge?

Chris Vermeulen, Founder and CIO of The Technical Traders, believes we might be. In a recent, eye-opening interview with James Connor on Wealthion, Vermeulen makes a compelling case that we are at or near “peak financial risk,” highlighting a confluence of factors that could lead to significant market turmoil.

 Vermeulen’s analysis, packed with charts and data, paints a picture of a system stretched to its limits, facing challenges across various asset classes.

Vermeulen argues that the market is currently in a “topping phase,” a period characterized by excessive optimism and potentially unsustainable price levels. He suggests that years of easy monetary policy and low interest rates have fueled asset bubbles, particularly in sectors like tech stocks. This exuberance, he contends, is a classic sign that a correction may be on the horizon.

One of the most alarming points Vermeulen raises is the potential for a real estate collapse to trigger a wider financial meltdown. He points to imbalances in the market, such as oversupply in certain areas and the impact of rapidly rising interest rates.

These steep rate increases make mortgages more expensive, potentially leading to defaults and a price correction that could ripple through the entire financial system. This echoes the circumstances that led to the 2008 financial crisis, raising concerns about history repeating itself.

Vermeulen isn’t shy about suggesting that a financial reset, in some form, may be unavoidable.

He emphasizes the interconnectedness of the global financial system and how the current imbalances could unwind in a disorderly fashion. This isn’t necessarily a prediction of doom and gloom, but rather a sober assessment of the challenges the system is facing.

Chris Vermeulen’s analysis provides a stark warning about the potential for significant market volatility and the risks facing various asset classes. His view that we are at or near “peak financial risk” is supported by his analysis of rising interest rates, real estate imbalances, and overbought markets.

While a financial reset may be daunting, Vermeulen’s insights and risk management strategies offer a roadmap for investors to navigate the potentially turbulent times ahead. He encourages investors to be proactive, informed, and disciplined in protecting their capital.

https://youtu.be/WNB9JUd5uo0

“Coffee with MarkZ” Thursday Morning Chat 1-16-2025

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 Mark, Mods and everyone

Member: What is new on the RV front Mark?

Member: Do you feel like everything is done in Iraq and we are simply on the ferris wheel?

MZ: I believe we have crossed the finish line and are just waiting for the announcement in the winners circle!

Member: Mark this weekend is a great weekend for an RV!

Member: I am asking on behalf of thousands….any word from your well connected source who is “beyond connected” and is the 21st and 22nd date still in play?

MZ: Many sources are still looking at the 21st and 22nd. I am cautiously excited and extremely optimistic..

MZ: I have had a couple of check-ins including one from a bond contact in Asia who is being told they should expect it the 21st and 22nd…and  immediately following the inauguration and swearing in they will get extremely busy. These folks have a high level of connections. This is a worldwide event and not just about America.

Member: Yes The US has so many contracts and dealings with all countries in the world. Of course their policies will affect everyone.

MZ: They have everything in place. When bond folks start paying out- we will start making appointments.

Member: If the RV is a private event…..why do we have to wait for after the inauguration and why would any administration take credit for it?

MZ: They won’t be able to keep this big a change totally private …

Member: if we get a new gold backed currency , new financial system and many new millionaires…I believe the public will notice something…lol

Member:  I've been told by sooo many people that this whole rv thing is a scam .

MZ: I believe Warren Buffet and Trump himself who both have invested in the dinar and are pretty smart….I would listen to them before most sources out there.

Member: Just imagine when 10 years ago I was thinking it was going any week. It’s been a tough 10 years! But I have learned a lot.

Member: Mark- Do you know currencies will be in the second basket?

MZ: I have been told there isn’t really a second basket and others will go individually after the first release- when they are ready. I am looking at S. Africa currencies, Mongolia and Afghanistan for long term plays. This is not financial advice. Just what I am looking at. They have resources and strategic locations.

Member: First basket predictions:  1. US 2. UK 3. Kuwait 4. Canada 5. Mexico 6. Russia 7. China 8. Venezuela 9. Iranian Rial 10. IRAQ 11. Indonesia Rupiah 12. Malaysia 13. Vietnamese 14. Brazil 15. Saudi Arabia 16. Qatar 17. United Arab Emirates 18. Turkey 19. Afghanistan possibly20. India 21. Libya 22. Japan23. Zimbabwe

Member: Mark - Majeed posted an article from the CBI saying they are going on the Forex

Member: Hi, all! Last night I saw an "X" post that said the IQD was on Forex yesterday at $4

Member: The IQD needs to be at $4/1 to be the Top Dawg in the Middle East

Member: it supposedly was on Forex at $4.19. However, when I went back to look at it again, I couldn't find it. Did anyone else see it?

MZ: Most of the rates we are seeing on the IQD now is close to $4 bucks. I still believe the dong will be in the low $2 range and the Indonisian rupiah is still reportedly at $1.47 or so. We won’t know for certain until we are at the banks.

Member: Does the Iraq government like Trump?

MZ: Many do…the ones smuggling oil do not….Sudani is looking forward to peace in the region and working with him.

MZ: “Parliamentary Finance responds to state department statements on the budget. Blatant and unacceptable interference “ Matthew Miller from the US state department seems t be trying to push them into passing the budget….Iraq says to stop interfering…they are working hard . Iraq keeps reminding them that they are “sovereign”

MZ: “To protect his savings-dollar fluctuations force Iraqi citizens to acquire gold” the government is encouraging them to buy gold.

MZ: “The regions oil revenues- a prerequisite for guaranteeing salaries and resolving disputes” More on the dispute between Kurdistan and Baghdad.

MZ: “The top Ten most powerful currencies in the world. Arab countries top the list”  Kuwait dinar, the Bahrainian dinar, Omani rial, the Jordanian dinar….top the list. Those currencies will be in the basket with the Iraqi dinar…….The US dollar is in the number 10 slot.

Thanks Mark and mods…..the finish line is in sight…..stay positive

Member: Everyone have a fantastic day

StacieZ joins the stream today . Please listen to the replay for her information and opinions.

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

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Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

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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.

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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

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Iraq Economic News and Points to Ponder Thursday AM 1-16-25

Central Bank: Closing The Electronic Platform Enhances Financial Stability
 
Economical 01/16/2025  Baghdad: Muqtada Anwar   Two weeks after the implementation of the Central Bank of Iraq's decision to close the electronic platform for foreign remittances, opinions differed in economic circles regarding the impact of this measure on the financial situation in Iraq, especially in light of the current economic and political conditions.
 
Despite the initial criticism raised by the decision, many experts and observers believe that it is a “necessary step” to confront the economic challenges that Iraq is currently experiencing, especially with regard to reducing pressure on the central bank’s reserves and enhancing exchange rate stability in the local market.

The Central Bank of Iraq confirmed that closing the platform will not affect the movement of remittances at all, as transfers through this platform until 12/23/2024 represent less than 7 percent of total sales, according to a source at the bank. The source explained to Al-Sabah,
 
“The aim of this step is to
 
     control financial operations,
     work within the international scope in the process of foreign transfers, and
     adopt the correspondent banking method,
 
which contributes to enhancing the stability of the financial sector under the current circumstances.”
 
The Central Bank also indicated that strengthening the balances of Iraqi banks that have correspondent banks abroad will continue as is, explaining that
 
this does not mean stopping “currency selling” operations,
but rather a change in their mechanisms within a method followed throughout the world. He added that
 
the mechanism for enhancing bank balances has changed, as
 
it is now done through the accounts of Iraqi banks with correspondent banks directly, instead of the accounts that were done through the Central Bank, and that
 
this new mechanism is dedicated to meeting the needs of import and foreign trade of goods, goods and services, in a way that contributes to supporting Financial and economic stability of Iraq.
 
For his part, the economic advisor to the Prime Minister, Mazhar Muhammad Saleh, explained that the
 
Central Bank had previously financed foreign trade through the currency sale window to perform two basic functions, the
 
     first was to intervene in the money market to absorb liquidity and maintain exchange rate stability, and the
     second was to finance foreign trade for the private sector,

However, the central bank faced significant challenges due to the requirements of the Federal Reserve and the US Treasury to ensure that the dollar was not used in ways inconsistent with the foreign policy and national security of the United States. Saleh added to "Al-Sabah",
 
"The new system of transfers is based on a direct relationship between Iraqi local banks and foreign correspondent banks, with a focus on compliance issues and combating money laundering." He pointed out that
 
the Central Bank strengthened Iraqi banks' dollar accounts in foreign correspondent banks, which reduced the direct intervention of the Central Bank and provided a greater role for foreign banks in auditing commercial operations. Saleh stressed that
 
the Central Bank has taken steps to diversify its foreign currency portfolio, including the use of the euro, the UAE dirham, and the Chinese yuan, to facilitate transactions with major trading partners, pointing out that
 
the new mechanisms aim to facilitate foreign trade and enhance control over money transfer operations, while ensuring access to... Goods and services to the country correctly and without irregularities. The financial advisor to the Prime Minister also noted that
 
 “these new measures do not affect the smooth flow of supplying the Iraqi economy’s need for dollars, but
 
they are considered a major development aimed at enhancing transparency and compliance with international and local laws.”
 
On the other hand, financial and banking researcher Mustafa Hantoush believes that the Central Bank of Iraq is trying to avoid the damage resulting from the export of the dollar by adopting monetary and currency management policies that ensure reducing its responsibility without affecting its financial strength. Hantoush expressed to “Al-Sabah” his belief that
 
the Central Bank seeks to avoid this responsibility by delegating foreign banks, which hold accounts in correspondent banks on the recommendation of their branches or foreign owners. He also pointed out that
 
if the central bank wants to reduce the gap in the dollar, it must open the door to competition between banks and rely on a basket of currencies to expand the options available in the market,
 
calling for amending the criteria for evaluating local banks and raising their financial capabilities, in a way that contributes to achieving stability and increasing competitiveness. Hence the stability of the dollar price.

He also suggested the possibility of transferring the dollar to trading platforms in the stock market, to be sold to beneficiaries through direct deals instead of sending the dollar exclusively to banks,
 
stressing the necessity of regulating these operations by switching to the “Forex” market, and implementing mechanisms that ensure that funds are not transferred until after the goods arrive. Guaranteed by banks. He explained that
 
these measures would
 
     raise tax revenues and
     reduce illegal trade, which would contribute to
     strengthening the national economy.
 
For his part, economic expert Nabil Jabbar Al-Tamimi said:
 
“The transfer platform at the Central Bank of Iraq was a mechanism for making financial transfers for merchants and importers through local banks, as the platform supervised these operations.” He added to Al-Sabah, saying:
 
 “The Central Bank has created the necessary conditions for making transfers by establishing direct relationships between local banks and international banks through large correspondent banks, which means that transfers can be made in accordance with international standards without the need for the electronic platform.” Al-Tamimi stated that the
 
Central Bank has compensated the electronic platform with regular and natural transfer mechanisms, through reputable local banks, which provides merchants with direct ways to transfer money, stressing that
 
these mechanisms contribute to
 
     them obtaining the dollar at the official price, which helps in gradually
 
     reducing inflation as a result of the stability of the dollar price. Official. He also stressed that"with this measure, the     need to deal in unofficial dollars on the black market is reduced, which
 
     enhances the stability of the financial market in Iraq."    https://alsabaah.iq/108660-.html    

Artificial Intelligence And Jobs Of The Future
 
Economical 01/16/2025  Yasser Al-Metwally    Studies show that 41 percent of companies around the world plan to reduce the number of their employees by 2030 due to artificial intelligence services.
 
This shocking percentage heralds the exacerbation of mass unemployment and its impact on global stability, as
 
unemployment is considered one of the most complex challenges facing governments and causes great troubles for countries.
 
Here we stop at several questions that we put before the Iraqi planner so that they are accessible to the decision maker.
 
If this remarkable prediction is correct, there will be questions that require answering.
 
How do you address unemployment in Iraq, even though it is already widespread and the solutions are still simple for more than 20 years?
 
Are our universities qualified to address such an upcoming challenge in light of the expansion of the number of universities and their outputs?
 
What is the ability of individuals (employees or workers), I mean in the government sector and the private sector, to adapt to the monsters of the coming change?
 
How much time do we need to qualify and prepare a generation armed with information knowledge and capable of dealing with artificial intelligence?
 
This comes in light of the horizontal expansion in public and private universities with specializations that have become traditional and supplying the labor market with specializations that are redundant to the need, which contributes to deepening the extent of unemployment.
 
A sincere call to reconsider investment in education to create a young generation with new skills to occupy the jobs of the future to catch up with the global movement.
 
In parallel with the tireless efforts and continued government interest, and with the follow-up of the Prime Minister and his team, in adopting the digital transformation project and achieving somewhat acceptable results.
 
We hope that this new year will witness the achievement of tangible results.
 
We see the need for a vision from the Council of Ministers in partnership with the private sector (companies, banks, public and private education) for what the country needs in the year 2030 in terms of jobs and investments, and to give instructions to the education sector to be structured from now on to comply with the requirements of Vision 2030.
 
Preparing cadres and qualifying the capabilities of dependable youth to build the country according to the requirements of future jobs so that we do not lag behind the world in responding to rapid changes, while showing that the next five years are short to continue the response.
 
What is required is a medium-term plan, in addition to thinking carefully about a strategic plan that responds to subsequent developments.    https://alsabaah.iq/108661-.html 

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

Seeds of Wisdom RV and Economic Updates Thursday Morning 1-16-25

Good Morning Dinar Recaps,

XRP SEC NEWS TODAY: BILL MORGAN EXPOSES SEC’S MISSTEPS IN RIPPLE LAWSUIT

Bill Morgan, a pro-crypto attorney, has strongly criticised the new opening brief submitted in the XRP lawsuit by the United States Securities and Exchange Commission. He has even questioned the regulator’s understanding of how the crypto market works.

However, in the last 24 hours, XRP has outperformed almost all the top cryptos, marking an impressive growth of nearly 9.4%. Let’s dive in for more details.

SEC’s New Opening Brief and Bill Morgan’s Criticism

As per the SEC’s opening brief, Ripple violated securities law through its XRP sales. The SEC, through the brief, alleged that Ripple’s representations to investors created an expectation of profits.

Exposing the regulator’s lack of understanding of how the cryptocurrency market functions, Bill Morgan, in an X post, retorted that price rises are often driven by market trends, not issuer promotions.

XRP Whale Movements Amid Legal Developments

Reports say that at least 130 million XRP tokens have been moved by whales during recent legal developments.

Whale activities may influence market sentiment. In the last one hour, the market has dropped by 0.2%.

Today, the market has experienced a drop of 1.5%.

XRP’s Long-Term Potential and ETF Speculation

Despite volatility and legal uncertainties, market sentiments for XRP remain bullish. According to a JP Morgan analyst, there is a high chance for the launch of an XRP ETF soon.

In conclusion, Ripple’s XRP remains a focal point in the crypto market, driven by legal developments and whale activity. As the case progresses, XRP’s future remains bright with long-term growth potential and increasing interest in an XRP ETF.
@ Newshounds News™

Source:  CryptoPedia

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VANECK FILES SEC APPLICATION FOR DIGITAL ASSET ECOSYSTEM ETF

VanEck filed an application with the SEC for an "Onchain Economy" ETF that would invest 80% of its assets in digital transformation companies, joining a wave of recent digital asset ETF proposals from major financial firms.

▪️VanEck filed for an “Onchain Economy” ETF with the SEC on January 15, 2025, planning to invest 80% in digital asset ecosystem companies
▪️The fund will focus on software developers, miners, exchanges, infrastructure providers, and payment firms without directly holding cryptocurrencies
▪️Several other major firms including Bitwise, WisdomTree, and Grayscale have recently filed similar ETF applications
▪️The proposed ETF will use fundamental research and market trends to select investments in “Digital Transformation Companies”
▪️The move comes amid speculation about more favorable crypto regulations under the Trump administration

Asset management giant VanEck has submitted an application to the Securities and Exchange Commission (SEC) for a new exchange-traded fund focused on the digital asset industry. The filing, made on January 15, 2025, proposes the creation of the “Onchain Economy” ETF.

Matthew Sigel, who heads VanEck’s digital assets research division, initially shared news of the filing through social media, though the post was later removed. The ETF represents VanEck’s latest attempt to establish a presence in the expanding digital asset investment landscape.

The proposed fund has outlined clear investment parameters, stating it will direct at least 80% of its assets toward companies operating within the digital asset ecosystem. These investments will target what VanEck terms “Digital Transformation Companies,” encompassing various sectors of the industry.

@ Newshounds News™

Read more:  Blockonomi  

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MALAYSIA’S PM WANTS TO DEVELOP CRYPTO AND BLOCKCHAIN POLICIES AFTER MEETING WITH CZ AND UAE LEADERS

Prime Minister of Malaysia, Anwar Ibrahim, says he wants to explore policies for crypto and blockchain technology after his meeting with Binance co-founder CZ and the Abu Dhabi government.

According to a report by media outlet New Straits Times, Ibrahim returned to Malaysia after a three-day visit to Abu Dhabi with plans to start developing policies related to cryptocurrency and blockchain technology so that the nation does not get left behind.

Speaking to reporters, the Prime Minister said he had lengthy conversations with the Abu Dhabi government and the former Binance CEO Changpeng “CZ” Zhao about crypto and blockchain technology.

“We have talked about digital transformation, data centres and artificial intelligence. We now face demands which require us to think about making significant changes,” said Ibrahim.

He claimed that he has requested government agencies such as the Treasury, the Securities Commission, and the national bank, Bank Negara, to study how Malaysia can keep up with the rapid developments of the crypto industry.

Ibrahim assured that he will draft a paper on the need for crypto and blockchain technology policies to be presented for review and endorsement by the cabinet as soon as possible. He emphasized the importance of regulations for crypto in order to “safeguard the people’s interests and prevent leakages.”

“This innovation is just like AI, which would revamp the financial world. We should not sit idly by and wait and later be forced to do so after others have done it already,” he said.

@ Newshounds News™

Source:  Crypto News

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News, Rumors and Opinions Thursday AM 1-16-2025

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 Thurs. 16 Jan. 2025

Compiled Thurs. 16 Jan. 2025 12:01 am EST by Judy Byington

What We Think We Know as of Thurs. 16 Jan. 2025:

The privately owned by bankers Fed is dead, IRS gone. Trump to introduce the new External Revenue Service (ERS) on Mon. 20 Jan. 2025 and later an expected 14%-15% tax on buying new items only, with no tax on food, medicine, income or anything else – giving US taxes back to The People.

Global Currency Reset:

Wed. 15 Jan. 2025 Wolverine: Ok guys it’s definitely coming as things are in motion. Please make sure you have everything ready when we receive the green light.

Remember for the Tier 4B group things won’t start 2 or 3hrs after the inauguration on Mon. 20 Jan.

When you call the 800# it is for an appointment and you will be given a day when you have to go.

Bond Holders are getting ready as any time tomorrow Thurs. 16 Jan. and onwards funds will be release and that is the same with private contracts.

Anyone that is saying that they received payment that is a lie as the trigger funds need to be release first in order for people to receive payment.

Please always thank God for everything that is coming as your life will never be the same again. We are here for one purpose ie besides helping our family and love ones we are here to help humanity.

Also remember you will be under NDA for three months so please keep your mouth shut and get off social media. If you get caught all your money will be frozen.

Once this all happens all telegram channels will be muted and I will let you when I’ll have the Get Together event which will happen around October 2025 as it’s too late now for me to organize it and I much prefer it for you all to come here in Spring or Summer so you can all appreciate the beauty of Sydney Harbor.

God bless you all Wolverine

Tues. 14 Jan. 2025 In Iraq the new Dinar Rate became digital and fully live: https://x.com/majeed66224499/status/1879126834836918451?s=52&t=Ich7hg6RGbObSjhen7byaw

Tues. 14 Jan.: “All the information is saying “Next week.” …JFK Awakening Q17 on Telegram

Wed. 15 Jan. 2025 Nate: Expect the Iraqi Dinar Rate to change Jan. 20-22: https://x.com/realNateCarter/status/1879328680331313318?t=0OaJN2HGGpPKZd3lmWEbBQ&s=09

On Sat. 25 Jan. 2025, the first phase of the wealth redistribution will officially commence for the general public. …JFK Jr. on Telegram

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Welcome to the External Revenue Service (ERS)

Wed. 15 Jan. 2025 President Trump: “For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS). Through soft and pathetically weak Trade agreements, the American Economy has delivered growth and prosperity to the World, while taxing ourselves. It is time for that to change. I am today announcing that I will create the EXTERNAL REVENUE SERVICE to collect our Tariffs, Duties, and all Revenue that come from Foreign sources. We will begin charging those that make money off of us with Trade, and they will start paying, FINALLY, their fair share. January 20, 2025, will be the birth date of the External Revenue Service. MAKE AMERICA GREAT AGAIN!

Read full post here: https://dinarchronicles.com/2025/01/16/restored-republic-via-a-gcr-update-as-of-january-16-2025/

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

Frank26  Security, Stability, those are the two words that is the formula in order for us to have a new  exchange rate.  The CBI floor must be so clean you could eat off of it.  The politicians must not have the ability to steal from  the auctions anymore...Do they have that ability?  No.  Are the auctions there? No, all gone...Everything looks good.  So what do we need? ...The exchange rate.  Where's the exchange rate?  In the budget.  

Nader From The Mid East  I tell you about three things.  Trade, private sector, which it's now very very good...You're going to see a lot of thing about the private sector how good it become and how good they invest into it and the third thing it's Forex.  These three things you have to watch...

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Iraqi PM Visits UK PM and King Charles IQD Exchange Rate

Edu Matrix:  1-16-2025

In our breaking news, Iraqi Prime Minister Mohammed Shia Al-Sudani and UK Prime Minister Keir Starmer have signed a landmark agreement focusing on trade, economic, and strategic cooperation, with a staggering $14.98 billion trade package at its core.

 This partnership not only enhances commercial ties but also aims to address critical issues like security and climate change. As the IQD stabilizes, we invite you to share any firsthand insights in the comments. Stay tuned for updates as we navigate this evolving situation together!

https://www.youtube.com/watch?v=qJ4eREdaH04

“Tidbits From TNT” Thursday Morning 1-16-2025

TNT:

Tishwash:  Iraq calls on the world to conduct a comprehensive reform of the financial system and a dialogue on technology governance

The representative of Iraq to the United Nations in New York, Abbas Kazim Obaid, in his capacity as Chairman of the Group of 77 and China, delivered the group’s statement during the session of the United Nations General Assembly in which the Secretary-General reviewed the priorities of his term for the year 2025, in light of the circumstances and challenges facing the international community.

In his statement, the representative of Iraq stressed the complex and interconnected global challenges, including ongoing conflicts, the effects of climate change, poverty, hunger, high debt levels, limited financing for the Sustainable Development Goals, and the growing digital divide. He stressed the need to support developing countries in financing sustainable development through the Fourth Conference on Financing for Development.

He called for a comprehensive reform of the global financial system to address structural inequalities, ensure equitable access to long-term finance, and advance sustainable development efforts.

He also stressed the importance of fully implementing the decisions of the Conference of the Parties on Climate Change, while supporting the Secretary-General’s efforts to achieve the Sustainable Development Goals by 2030.

Obaid also called for a comprehensive international governmental process to address the digital divide, the establishment of an independent scientific team for artificial intelligence, and the launch of a global dialogue on technology governance.  link

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Tishwash:  Will the implementation of the Oil and Gas Law stop the series of smuggling in the region?

MP Nazim Al-Shabli, a member of the Oil and Gas Committee, revealed today, Wednesday, that the Kurdistan Region does not want to hand over oil revenues to the federal government.  

Al-Shabli said in a statement to Al-Maalouma Agency, “The oil and gas law, which in turn limits oil smuggling in the region, is subject to political differences,” noting that “the importance of enacting the law is to control oil revenues after the procedures to stop the region's exports through the Ceyhan crossing and the intervention of international courts." 

He added, "The region has no real desire to send oil imports, in addition to the continuation of oil smuggling operations."

He pointed out that "the enforcement of the oil and gas law in turn limits oil smuggling and obliges the region to send oil revenues, and stressed the need to send the draft oil and gas law for discussion and approval in the House of Representatives."  link

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Tishwash:  Al-Eidani: Al-Sudani's visit to Britain resulted in removing Iraq from the red list for risk assessment

Basra Governor Asaad Al-Eidani revealed on Wednesday that the investment status in Iraq was raised from the red list to the orange list during Prime Minister Mohammed Shia Al-Sudani’s visit to London. In what he described as an important achievement, he revealed that new security and financial agreements were reached with Britain during the visit.

Al-Eidani, who accompanied the visiting Iraqi delegation to Britain, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "Prime Minister Mohammed Shia al-Sudani's current visit to Britain resulted in the transformation of the risk assessment in Iraq from the red list to the orange list in terms of the investment environment, and this is an important achievement and we may advance to yellow."

He added, "The businessmen accompanying the Prime Minister on the visit welcomed the new assessment, which may be transformed to yellow at a later time."

He continued, "Many British businessmen have concluded agreements with the Iraqi side in several fields, including education and universities, and a number of British businessmen have agreed with their Iraqi counterparts to establish joint laboratories."

He pointed out that "the Prime Minister held a meeting today with the British Home Secretary, and many topics related to security were discussed, especially the file of exchanging expertise between the Iraqi and British Interior Ministries."

He pointed out that "there was also a financial meeting, and an agreement was signed between the Trade Bank of Iraq and British financial institutions. There is also a financial meeting attended by the Prime Minister that could discuss support for the Iraqi private sector from British financial institutions, especially after raising the risk assessment from red to orange  link

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Tishwash:  Parliament conforms to World Bank on the importance of government infrastructure in development

The Parliamentary Finance Committee confirmed to the World Bank delegation, today, Wednesday, the importance of keeping the infrastructure of the development path in the hands of the government.

The media department of the Council of Representatives stated in a statement received by the Iraqi News Agency (INA), that "the head of the Finance Committee, Atwan Al-Atwani, received a delegation from the World Bank headed by Jean-Christophe Carré, Regional Director for the Middle East, to discuss supporting the railway rehabilitation project within the Development Road Project," indicating that "the meeting reviewed the economic and regional vision of the Development Road Project and its strategic importance in stimulating investment movement, maximizing non-oil revenues and providing job opportunities, and also discussed the possibility of the private sector contributing to its implementation."

It added that "the meeting also discussed the multi-stage support provided by the World Bank for the Development Road Project, including modernizing and rehabilitating the current railway network and linking it from southern Iraq through the north and reaching Turkey."

Al-Atwani stressed, according to the statement, that "the infrastructure of the Development Road should be in the hands of the government so that this important project that links Iraq to the countries of the world is not subject to influences," noting that "our vision is for the Development Road Project not to be just a transit point, but rather we seek to be a gateway to revitalizing various economic and commercial activities and developing the infrastructure."

Al-Atwani called on the World Bank delegation to "present new visions and ideas regarding achieving optimal investment in this huge project, which is hoped to make Iraq an economic corridor linking Asia to Europe," stressing "the need to expedite the submission of the feasibility study related to the railway development plan within the Development Road project, and to contribute to mobilizing international expertise and attracting the private sector to invest in it in a way that serves the country's interests."

He continued: "We look forward to holding joint workshops and expanded meetings with the World Bank, to provide a full briefing on the project details and discuss its details in a way that secures broad parliamentary support for this borrowing," stressing that "the Finance Committee supports any loans that are economically feasible and bring great benefit to the Iraqi economy, especially since investment in the railway sector is a successful trend and achieves a large financial return."

For his part, the World Bank delegation appreciated "the valuable comments submitted by the Chairman of the Finance Committee, Atwan Al-Atwani, within the framework of the rapid transition from the planning and vision stage to the implementation stage," stressing the World Bank team's readiness "to submit the feasibility study, the project path and its details by next February."   link

Mot: .. Just Warning Ya!! -- Get Ready!!! 

Mot:  .. Good Job ""Nelson""