Seeds of Wisdom RV and Economic Updates Sunday Morning 1-26-25

Good Morning Dinar Recaps,

CRYPTO ADVOCATES FOCUS ON CONGRESS AS GOP TAKES CONTROL OF US GOV'T

The Republican Party now has total control over the United States Senate, the Executive Branch, and the House of Representatives.

Following the re-election of President Donald Trump in the United States, crypto advocacy groups have shifted their focus to key players in both chambers of Congress, which advocacy groups have characterized as the most pro-crypto Congress in history.

Ron Hammond, the senior director of government relations at the Blockchain Association, told Cointelegraph editor Jesse Coghlan that the Senate Banking Committee and the House Financial Services Committee will play pivotal roles in shaping pro-crypto policies.

Congressman French Hill was selected as chairman of the House Financial Services Committee in December 2024 and is highly critical of the regulatory approach under the previous administration.

Following the appointment, Hill said introducing a crypto market structure bill within the first 100 days of the legislative session was a priority for the GOP leadership.

On January 24, the House Committee on Oversight and Government Reform launched an investigation into Operation Chokepoint 2.0 and sent letters to crypto industry leaders and advocacy groups requesting input.

The Senate Banking Committee

Senator Tim Scott, chairman of the Senate Banking Committee, is pro-crypto and promised sweeping regulatory reform for digital assets prior to the 2024 United States elections.

Speaking to an audience at the Bitcoin 2024 conference, Scott said the former leadership at the Securities and Exchange Commission (SEC) was preventing pro-crypto policies and promised change to US voters.

“We have to get rid of the folks who are in the way,” Scott told pro-Bitcoin voters in the Summer of 2024. Scott also promised Bitcoin voters:

“The one thing I will absolutely guarantee will be done is watching your legislation get a vote, pass the Banking Committee, and we’re going to fight to make it a law in the United States of America.”

Following Scott's pronouncement, Republicans won an electoral sweep in November 2024, securing both chambers of Congress, the Presidential election, and the popular vote.

Senator Lummis appointed chair of the Senate Banking Subcommittee on Digital Assets Wyoming Senator Cynthia Lummis was appointed by Scott to chair the Senate Banking Subcommittee on Digital Assets in January 2025.

Lummis said the primary goals of the subcommittee included passing comprehensive digital asset legislation and preventing overreach by government regulatory agencies.

The Senator added that legislative initiatives would include a comprehensive market structure bill, stablecoin regulations, and provisions for a Bitcoin strategic reserve.

Challenges and looking ahead

Stand With Crypto, a crypto advocacy and voter education group, told Cointelegraph that the current Congress has a "mandate" to pass comprehensive crypto regulatory reform. The group said:

"The 52 million crypto users and innovators across America elected a historic pro-crypto Congress in 2024 — sending 278 pro-crypto candidates to the House of Representatives and 20 to the Senate."

Despite this, challenges remain, as crypto regulations may take a backseat to more pressing political issues or pushback from anti-crypto politicians.

Industry executives and the crypto community have accused Democrats of being anti-crypto and stifling the regulatory process.

Some of crypto's most vocal political opponents include Democrat Senators Elizabeth Warren, Dick Durbin, and California Rep. Brad Sherman — all of whom are still in office after being re-elected in 2024.

Joe Doll, the general counsel for NFT marketplace Magic Eden, also told Cointelegraph that Republicans likely have only two years to pass crypto legislation before midterm elections take place.

Historically speaking, midterm elections tend to see the political pendulum swing the other way and change the balance of power in Congress, Doll said.

The attorney said that Republicans already have a slim majority in the US House of Representatives, which has narrowed to only three seats since Doll spoke to Cointelegraph in December 2024.

According to Doll, a gridlocked government would impede the passage of pro-crypto legislation in the United States.

@ Newshounds News™

Source:  CoinTelegraph

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SEC REVOKES CRYPTO ACCOUNTING RULE FOLLOWING PRESIDENTIAL TRANSITION

While crypto advocates cheer the SEC’s decision, skeptics like Jacob King warn that the industry’s shift toward bank custody contradicts Bitcoin’s original vision of decentralization.

▪️In a dramatic policy shift, the SEC has revoked a crypto regulation that once shackled banks and custodians, marking a fresh start under the new administration.

▪️The controversial rule, introduced in 2022, had drawn fierce criticism from industry leaders who saw it as an unnecessary hurdle for financial institutions dealing with digital assets.

▪️Under Biden’s SEC, crypto firms found themselves entangled in legal battles, with enforcement actions reaching record highs before tapering off in the final months of Gensler’s tenure.

In a significant policy reversal, the United States Securities and Exchange Commission (SEC) has rescinded Staff Accounting Bulletin No. 121 (SAB 121), a controversial accounting guideline that mandated companies holding digital assets for clients to record these holdings as liabilities on their balance sheets.

The revocation came shortly after President Donald Trump’s inauguration, signaling a shift in the regulatory approach toward the emerging economy.

Background and Industry Reaction

Enacted during President Joe Biden’s administration in March 2022, SAB 121 aimed to enhance transparency and risk management in the burgeoning crypto sector.

However, industry stakeholders criticized the rule for imposing burdensome reporting requirements, complicating the custody of digital assets, and increasing compliance costs.

The banking sector also expressed concerns, noting that the rule hindered their ability to serve as secure custodians for digital assets.

The recent revocation has been met with approval from crypto advocates. SEC Commissioner Hester Peirce, known for her pro-crypto stance, celebrated the decision by posting on X (formerly Twitter):

“Bye, bye SAB 121! It’s not been fun.”

Criticism from Outside the Crypto Industry

Despite the positive reception within the crypto community, the repeal has faced criticism from some financial analysts.  Jacob King, CEO of WhaleWire, claims the crypto advocates are wrong for believing the revocation would allow banks to custody Bitcoin BTC for customers.

In response, Carl Horton countered the tweet, noting that many still want loans using their BTC as collateral:

“Some people, like children and the elderly, need custodians. Others want smooth inheritance transfers and others want loans using their BTC in custody as collateral. BTC is freedom money and you can interact with it any way you want.”

Previous SEC Actions Against the Crypto Industry

Meanwhile, under the leadership of former SEC Chair Gary Gensler during the Biden administration, the SEC adopted a stringent regulatory stance toward the cryptocurrency sector.

The agency initiated numerous enforcement actions against crypto companies, alleging violations such as fraud and unregistered securities offerings. While these measures were intended to protect investors and maintain market integrity, critics argued that the aggressive approach stifled innovation and created an uncertain regulatory environment.

A report by Cornerstone Research highlighted that the SEC’s crypto-related enforcement actions declined by 30% in Gensler’s final year, with 33 actions initiated compared to 47 the previous year.

Despite the decrease, monetary penalties reached a record high, underscoring the agency’s continued focus on regulating the crypto industry.

The recent policy changes, including the revocation of SAB 121 and the establishment of a crypto task force under the new administration, suggest a potential shift toward a more balanced regulatory framework that fosters innovation while ensuring investor protection.

@ Newshounds News™

Source:  CoinSpeaker

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7 Ways to Develop Financial Trust in Your Relationship

7 Ways to Develop Financial Trust in Your Relationship

Harris Financial Coaching

If you find that you're constantly fighting about money or hiding how you spend money from your partner, it may be time to rethink your relationship goals and values. Fighting about money can create tension in a relationship and make it challenging to accomplish future goals. When one spouse gets frustrated with the other, it can seem like you're on an island all on your own, trying to resolve a difficult situation. How can couples develop and build financial trust in their relationship?

From creating a long-term goal to paying bills on time, here are several tips for developing financial trust in your relationship.

Share a Joint Credit Card

Opening a joint credit card is a great way to build and develop financial trust. Being transparent and on the same page when it comes to handling money is a crucial aspect in any relationship.

This allows couples to develop a line of credit that'll benefit future investments if both parties maintain a good credit score. It also helps couples define their combined budget, savings, and expenses more than having completely separate finances.

- Gigi Ji, Head of Brand and Business Development, KOKOLU

Establish Clear Boundaries

Couples can develop and build financial trust in their relationship by establishing clear boundaries. In other words, couples need to define what's theirs and what's not clearly. This can help them avoid unnecessary conflicts and misunderstandings and prevent any nasty surprises when one partner wants to spend money on something they've already agreed not to do.

It's also important for couples to address any financial disagreements as soon as possible so they don't fester and become bigger problems later on. When couples ignore their financial disagreements, it can lead to resentment and even result in divorce. Therefore, I believe couples who can talk about their money issues openly and honestly are much more likely to find a solution that works for both parties. - Tiffany Homan, COO, Texas Divorce Laws

Have Regular, Transparent, and Productive Discussions

One way for couples to develop financial trust in their relationship is to have open and honest conversations about finances. This includes discussing each person's income, debts, expenses, savings goals, and any other financial matters that could affect the relationship. It's important for couples to be transparent with each other about their finances and to come up with a plan that works for both of them.

This could include setting a budget, discussing how to save money, and creating an emergency fund. Having these discussions can help couples build trust in each other and their financial decisions, as well as provide peace of mind knowing that both partners are on the same page. - Michael Alexis, CEO, Tiny Campfire

Be Open and Honest About Financial Situations

In marriage, finances are an important issue. One way for couples to build financial trust is by being open and honest about each of their financial situations. Couples should communicate with each other about their income, debts, and investments. They should also agree on a budget that works for both parties. This will ensure they're each aware of how much money is coming in and where it's going. - Jennie Miller, Co-Founder, Midss

TO READ MORE: https://www.harriscashcoach.com/post/7-ways-to-develop-financial-trust-in-your-relationship?fbclid=IwAR2n1HJnL5Bh_R2jMZNHOU06ddMY8ZG5bKwWwxVhSmhawzLmYu0iZroF8o0

“Tidbits From TNT” Sunday Morning 1-26-2025

TNT:

Tishwash:  Governor of the Central Bank of Iraq meets an official delegation from the United States

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received Mr. Steve Lutes, Vice President of the US Chamber of Commerce and Chairman of the US-Iraq Business Council, and his accompanying delegation in Baghdad.

During the meeting, they discussed banking and economic relations between the two countries and the upcoming visit of the Central Bank of Iraq delegation to Washington and their meeting with the US Chamber of Commerce and American companies next April.

The meeting discussed the desire of American companies to invest in the energy, infrastructure and modern technology sectors and to invest in the security stability witnessed by Iraq.

His Excellency the Governor stressed during the meeting that the Central Bank of Iraq supports the economic growth process in Iraq and provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks, noting the importance of diversification in investment sectors.

The two parties also discussed the mechanisms of international trade and the process of Iraq's transition to fully operating in foreign transfers through correspondent banks. The Director General of the Investment Department and the Director General of the Banking Control Department attended from the Central Bank, in addition to His Excellency the Governor.

Central Bank of Iraq 
Media Office 
January 26, 2025  link

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Tishwash: Parliamentary demands to amend Articles 12 and 14 of the budget

student Committee MemberParliamentary LegalpioneerAl-Maliki, today, Sunday, amended Articles 12 and 14 of the Federal Budget Law before voting on them.

He saidMalikiIn an interview withSumerianNews, "Our position on the position of the representatives of the Central and Southern Front, we demand amending Article 12 of the budget for exporting Kurdistan oil, and we also demand amending other articles, most notably Article 14 regarding stopping appointments," adding, "The budget tables are also supposed to be sent so that they are decided at once."

Regarding the possibility of holding a session dedicated to amending the budget law, Al-Maliki explained that “the process of setting the agenda is within the presidency’s jurisdiction, and we do not know how the agenda of the upcoming sessions will be arranged, but we are not in favor of obstructing any paragraph, but we demand that the comments and objections be taken into account.”  link

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Tishwash:  President of the Republic: We cooperate with many countries to invest in Iraq

The President of the Republic, Abdul Latif Jamal Rashid Al-Bast, confirmed that Iraq cooperates with a large number of countries in the region and European countries for investment, expressing his hope that President Trump will succeed in what he proposed regarding ending wars in all parts of the world.

The President of the Republic said in a press interview, followed by "Al-Eqtisad News", that "our presence at the Davos Economic Forum is to give an impression of the current situation in Iraq and the Middle East, which concerns everyone, and as you know now the situation in Syria is a new situation, and in Lebanon a government has recently been formed and we hope that they will succeed in their efforts."

The President of the Republic added: "We emphasized at the Davos Forum the good security situation in Iraq, the good relations with neighboring countries, and the focus on services provided to the Iraqi people, and at the same time improving the infrastructure, and we cooperate with a large number of countries in the region and European countries to invest in Iraq and implement service projects and necessary for the Iraqi people."

He stressed that "Iraq is an independent state, and decisions are in the hands of the Iraqi state, and our relations are good with all countries, and Iraq's decision is independent and based on our independence, and for us and for all Iraqis, government and people, the independence of Iraq is more important than anything now and in the future."

The President of the Republic expressed his hope that "President Trump will succeed in what he proposed regarding ending wars in all parts of the world, and we are very comfortable with this statement, and we hope that it will be implemented, and it will push towards political solutions."

He concluded by saying: "I am optimistic about Iraq, because we have made good political decisions, the system in Iraq is good, and we now have security stability, which is one of the most important needs, and we are continuing with the program to improve services and infrastructure and develop our relations with neighboring countries and the world  link

Mot:  .. Crazy winter weather

Mot: .. My Kind of Guy!!!

News, Rumors and Opinions Sunday AM 1-26-2025

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. 26 Jan. 2025

Compiled Sun. 26 Jan. 2025 12:01 am EST by Judy Byington

Possible Timing:

Soon ten days of Communication Darkness will begin. The new Star Link Satellite System will 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 long hidden technologies including Med Beds.

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

Fri. 24 Jan. 2025 RayRen98@The TNT Team: “Talk Radio is not working. Call delayed. We have good news, though. We have arrived.” TNT

On Sat. 25 Jan. 2025 around 12:30 pm EST a major radio blackout began (allegedly) around the World. All systems were (allegedly down for Australia, Asia, Russia and China as the first phase of the Wealth Redistribution had commenced. Trump announced on Telegram, “The most historic 100 hours in American History – The Gold Age of America – begins now(allegedly (goes to Wed. 29 Jan. 2025 12:30 pm EST) … on Telegram

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

Mon. 27 Jan. 2025 Wolverine: “President Trump has (allegedly signed the executive order on crypto currency finance, which means we can now get started (when banks open on Mon. 27 Jan. 2025). Get ready everyone buckle your seatbelts as we are about to go warp speed. Blessings Wolverine”

The Plan Never Changed. It was Always February. The Chest Will Open Very Soon!” …John F. Kennedy Jr. on Telegram

In the next few weeks, all illigal profits made from birth certificates will be (allegedly returned to each citizen. …JFK Awakening on Telegram

In Aug. 2025 the U.S. Treasury will (allegedly)  send out a computer algorithm to each bank to zero debt balances in a Debt Jubilee. The banks will then (allegedly zero out all mortgage debt, credit card debt, car debt, etc.. Citizens do not have to contact their debtor to ask for the Debt Jubilee. Watch for your new zero balance statement coming out sometime in August. …JFK Awakening on Telegram

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JUST IN! Military Raids Uncover Trillions in Hidden Silver Vaults – QFS Takes Back What’s Rightfully Yours!

The Quantum Financial System (QFS) has(allegedly)   struck a crippling blow to the Cabal, exposing and reclaiming trillions in stolen silver reserves. These massive stockpiles, hidden for decades in underground bunkers, mark a pivotal shift in the battle for humanity’s financial liberation.

Trillions Unearthed in Military Operations: Codenamed Silver Horizon, military forces have uncovered silver reserves hoarded by the elites to manipulate global markets:

Nevada Base: 3,000 metric tons of silver bars stored in a Cold War bunker.

Central America: 4,000 metric tons from Guatemala and Mexico, stolen under exploitative policies.

Manhattan Vault: 7,500 metric tons hidden beneath a major banking institution.

With over $2 trillion in silver recovered this month alone, military insiders confirm this is just the beginning.

Silver Powers the QFS Reset: This reclaimed silver is being rapidly (allegedly)  integrated into the QFS, setting the stage for a financial reset. Experts predict silver’s suppressed value will soar to $1,500/oz as its role in quantum technology and global trade is unveiled. Military engineers have confirmed silver’s use in Starlink satellites and quantum processors, solidifying its place in a liberated economy.

The Introduction of Silver Certificates: Starting January 2025, Redemption Centers are (allegedly)  launching silver-backed certificates, allowing citizens to exchange fiat for physical ownership of these reserves. Each certificate(allegedly)   includes a quantum code tied to the QFS, ensuring transparency and security. Debt relief programs funded by recovered silver are already underway.

Cyberattacks Neutralized: Starlink’s quantum systems (allegedly)  stopped coordinated strikes against Redemption Centers.

Silver Revaluation and Global Liberation: The QFS is (allegedly)  correcting decades of manipulation, turning silver into a tool for freedom and innovation. Financial insiders hint at a public announcement of silver’s revaluation in March 2025, aligning with NESARA/GESARA milestones.

Read full post here:  https://dinarchronicles.com/2025/01/26/restored-republic-via-a-gcr-update-as-of-january-26-2025/

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

Frank26  [Iraq boots-on-the-ground report]   FIREFLY:Sammy says next Tuesday the appeal will be held by the judge on the three laws that have been passed...Several  appealed saying it was unconstitutional. So the budget table set in limbo until that is cleared.  We do believe once it is cleared then they can be given to parliament for the vote that we are waiting for.  FRANK:  Parliament is using every inch of the clip they are standing on and soon they will have no choice but to tell you citizens the truth.  There are no more choices for them except to pass these laws.

Walkingstick  The American dollar, Trump is wanting maybe it should go in a basket with the Iraqi dinar...He wants it in a basket (dinar and dollar) to bring the dinar to $1.00.  He wants other currencies in that basket to help each other...and in doing so, by helping each other in that basket, these currencies will gain security and stability, value, and internationally recognized etc.

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Investing in the VND Why & How - The Dong's History IQD VND Rate

Edu Matrix:  1-26-2025

Investing in the VND Why & How - The Dong's History IQD VND Rate - Discover why the Vietnam Dong (VND) is not just one of the lowest-valued currencies in the world, but also a sought-after exotic currency investment!

In this insightful video, we explore the factors influencing the VND's value, from Vietnam's economic growth and geopolitical shifts to global market trends.

Learn how Vietnam's unique history, political structure, and export prowess have shaped its currency's journey. We'll also discuss the implications of U.S. foreign policy on the VND and its potential for future appreciation.

https://www.youtube.com/watch?v=ztE_ejWUo5s

Some “Iraq News” Posted by Clare at KTFA 1-25-2025

KTFA:

Clare:  IBBC to Host Innovation Conference in Baghdad Next Month

1/25/2025  Baghdad – 

The Iraqi-British Business Council-IBBC announced on Saturday that it will organize an innovation conference next month in the capital, Baghdad, This announcement follows a successful visit by Prime Minister Mohamed Shia’ al-Sudani to the United Kingdom.

In a report followed by the Iraqi News Agency (INA), IBBC stated that “Iraq is stable, its economy is expanding and diversifying to meet the needs of the people. IBBC have been asked by the Iraq Prime Minster, Mr Al Sudani, to hold a Baghdad conference on Innovation”.

“Following a successful visit to the UK by the Prime Minister and several of his top ministers, a significant trade deal was announced with UK and Iraq, estimated at $15bn, across several sectors, to include cutting edge technology and knowledge transfer to Iraq. Some of these companies will be speaking at the Baghdad conference and the conference is dedicated to the theme of delivering innovation,” the statement added.

The statement further noted,"The purpose of the conference will showcase how Iraq is currently delivering Innovation and what might be possible to do soon, with the help of the Uk and International partners. IBBC has several members already delivering innovative solutions and products in Iraq, which will be showcased at the conference. We will be examining the power of knowledge transfer across all the panels and discussing what Iraq needs to do to deliver this internally, and the benefits of delivering innovation successfully".

The statement elaborated that "In his paper on ‘ease of doing business in Iraq’ Professor Frank Gunter, who is speaking, pointed out that modernising and digitising the financial system, not only will enable swifter transactions, access to and international funds, but also reduce the opportunities for corruption. Both EY and Hogan Lovells will explain their work on modernising the Central bank systems of Iraq and consolidation among banks and banking reforms,”

Stressing that “1001 is a leading Anglo- Iraqi streaming company that has already signed up over 2 million subscribers, but it is focused on protecting Intellectual property in Iraq, and this is a new opportunity for Iraqis to produce content, derive income and tax receipts from subscriptions. We expect to be joined by companies discussing 5G technology, and provision of fast internet for the delivery of state-of-the-art communications and explaining the importance of cyber protection for Iraqi assets, communications, and defence”.  LINK

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Clare:  Minister of Trade: The 48th session of the Baghdad International Fair will be distinguished in terms of preparation, size and diversity of participation

1/25/2025   Baghdad /

 Minister of Trade, Athir Dawood Al-Ghariri, confirmed that the 48th session of the Baghdad International Fair will be exceptional this year in terms of preparations, organization, and the size and diversity of participation compared to previous sessions.

Al-Ghariri pointed out, during an inspection tour conducted by the minister on Saturday evening to review the final preparations for the launch of the exhibition activities, scheduled to be held from February 1 to 7, under the patronage of the Prime Minister, and under the slogan "Investment - Development - Prosperity"; that the exhibition will represent an important platform to attract Arab and foreign investors, as meetings will be held for the public and private sectors on its sidelines, in addition to signing partnership contracts for projects in various fields.

The minister explained that "the exhibition will host participants from 20 Arab and foreign countries, with more than a thousand local and international companies, and the Sultanate of Oman is the guest of honor of the 48th session.

" Al-Ghariri stressed that "the new session will be characterized by innovative designs that include green spaces, modern pavilions, restaurants, fountains, and illuminated visual graphics, in addition to implementing new mechanisms for visitors' entry, in addition to organizing cultural and entertainment events and various competitions during the days of the exhibition."

At the end of the tour, the Minister directed the necessity of completing all preparations within the specified timeframes and with the combined efforts of everyone.  LINK

Clare:  Will spending be disrupted by delaying the budget amendment? A government advisor explains

1/24/2025

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained the disbursement mechanism in the event that the amendment to the financial budget law is not approved.

Saleh told Al Furat News Agency: "There is a legal rule that stipulates that the special law restricts the general law, and since the Federal General Budget Law No. 13 of 2023 is the basis for legislation for the state budget for the year 2025 within the scope of the federal general budget legislation and is specialized for three years, there is no other text that adds to the suspension of work on it."

He added, "I also do not see that one article, which is 77/second, related to submitting tables related to estimates for implementing the 2025 budget and according to the required adjustments, will restrict work in implementing the general budget originally legislated in 2023 and resorting to Law No. 6 of 2019, as amended, and we mean the Federal Financial Management Law.

" Saleh continued, "Despite that, we do not see anything that hinders the submission of the state's general budget tables for the year 2025, as the financial authority has the ability and sufficient tools to submit them in the appropriate coming period and according to a broad technical consultation circle between the executive and legislative authorities and in a manner that serves the national interest of the country and the government program."

Saleh said that "government spending is proceeding normally, in addition to public revenues, and there is nothing restricting the elements of implementing the general budget, except for the amendment currently before the House of Representatives."

Raghad  LINK

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Clare:  Good news for Iraqi employees.. Parliamentary Finance announces the date of launching bonuses and promotions

1/24/2025

The Finance Committee in the Iraqi Council of Representatives clarified on Friday that it is waiting for the Iraqi government to send the 2025 budget schedules for approval, and while it expected the date for launching employee allowances and promotions according to the applicable timetable, it confirmed that allowances and promotions are a natural right of employees from the Ministry of Finance. 

"The budget approved in 2023 is a three-year budget for the years (2023, 2024 and 2025), and the change that occurred as a first stage is the amendment to Article 12/Second/C only, which is regarding the resumption of oil exports from the Kurdistan Region with a capacity of 400 thousand barrels of oil, at a cost of extracting and transporting one barrel of $16 instead of $6, and this was read in the first reading, and the discussion remains in the second reading and then voting on the amendment, and after this amendment there are no other amendments to the budget," committee member, Moeen Al-Kadhimi, told Shafaq News Agency.

Al-Kadhimi added, "The Finance Committee is waiting, after the budget amendment is completed, for the government to send the budget tables that will show whether there are specific increases or otherwise."

Regarding employee bonuses and promotions, Al-Kadhimi explained, "This is related to the Ministry of Finance, which issued a statement suspending bonuses until the budget is approved, and according to the timetable in effect, bonuses may be added to employee salaries next February, which is a natural right of employees over the Ministry of Finance."

On January 17, the Iraqi Ministry of Finance confirmed that employees’ rights to bonuses and promotions are “fully preserved.”

The Ministry's media said in a statement received by Shafak News Agency, "Based on the Ministry of Finance's circular No. (555) for the year 2025, we would like to clarify that the procedures related to stopping the transfer of services, promotions, calculating contract services, press and legal services, and others, are regulatory procedures that are adopted annually to accurately determine financial allocations."

She added that "transferring services from one entity to another requires transferring allocations, which currently cannot be implemented due to the lack of 2025 budget schedules, as this allows knowing the financial allocations for each entity to ensure that there are no violations or imbalances in the financial distribution." 

She explained that she is working to "ensure the regulation of government spending and determine the ceilings of financial allocations for ministries and entities not affiliated with a ministry, including the Kurdistan Region." 

The ministry stressed, according to the statement, "the importance of following up on new appointments and knowing the numbers of direct and indirect employees to avoid any funding shortage and ensure that salaries are paid correctly during the current month of January."

The Ministry stressed that "employees' rights to bonuses and promotions are fully preserved, and that they are calculated in accordance with the Legal Department's Circular No. (7497) dated 3/9/2021, which is calculated from the date of entitlement and not from the date of issuance of the ministerial order."

The ministry noted that "the procedures for direct admission of top students and graduates for the year 2024, launched by the Federal Service Council, have not been fully completed, and their data is still being updated." 

The ministry indicated that "most of the financial allocations for the new grades for the year 2024 were included in the schedules of the ministries' headquarters, but the actual direct actions and distribution took place at the level of the departments, and have not yet been sent to the Ministry of Finance. Therefore, the ministry is currently working on following up on the financial costs of the employees to include them correctly and to ensure that there is no shortage in the allocation from the 2025 estimates schedules."  LINK

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

Good Afternoon Dinar Recaps,

COMER INVESTIGATES APPARENT POLITICALLY MOTIVATED DEBANKING OF THIRTY TECH FOUNDERS, FIRST LADY MELANIA TRUMP

WASHINGTON—House Committee on Oversight and Government Reform Chairman James Comer (R-Ky.) is investigating recent reports of financial institutions debanking lawful American businesses and individuals based on political affiliation or involvement in industries viewed unfavorably by the Biden Administration.

On a recent episode of “The Joe Rogan Experience,” renowned tech investor and entrepreneur, Marc Andreessen, revealed thirty tech founders who were debanked over the last four years — describing the debanking as pressure against “political enemies” and “disfavored tech startups.”

Chairman Comer is asking Mr. Andreessen, as well as five additional tech leaders who have spoken publicly about debanking, to share their stories with the Oversight Committee and shed light on why debanking occurs and how it affects business operations.

“Several tech leaders within the cryptocurrency space have been outspoken about their experience being debanked. In 2022, Uniswap Labs Founder and CEO Hayden Adams explained that his bank ‘closed my bank accounts with no notice or explanation,’ and that ‘I know many individuals and companies who have been similarly targeted simply for working in the crypto industry.’  

Coinbase Co-Founder and CEO Brian Armstrong confirmed thirty tech founders were debanked, stating then-Securities and Exchange Commission (SEC) Chair Gary Gensler, ‘tried to unlawfully kill our entire industry[.]’

Coinbase’s Chief Legal Officer, Paul Grewal, said, ‘[f]inancial regulators have used multiple tools at their disposal to try to cripple the digital-asset industry,’” wrote Chairman Comer.

The Oversight Committee is also investigating whether these debanking practices originated from activists within each financial institution or from undue outside pressure.

In May 2014, the Oversight Committee released a staff report exposing the Obama Administration’s efforts to politically force companies the Administration viewed as unfavorable out of the banking system.

Considering the public statements of prominent tech leaders and recent evidence that Melania Trump and Barron Trump were also debanked for their political ties, the Oversight Committee is looking into how the Obama Administration’s overreach may have laid a foundation for the Biden Administration to institute similar tactics.

“These examples are startling, and the Committee is investigating whether this debanking practice originates from the financial institutions themselves or from either implicit or explicit pressure from government regulators,” continued Chairman Comer.

“The Committee is interested in engaging individuals who have been debanked and, specifically, how these actions hurt innovation, entrepreneurs, and workers. Further, to better inform the Committee’s investigation, the Committee seeks to understand the financial institutions and regulators involved, the reasons tech founders were given as to why they were debanked, and how this overreach affected business operations.”

@ Newshounds News™

Source:  House Oversight Committee

Read the letter here:  House Oversight - Letter

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TRUMP PLANS ZERO CAPITAL GAINS TAX FOR US CRYPTO PROJECTS – HERE ARE THE BENEFITS!

▪️The Trump administration is considering a zero capital gains tax for US-based cryptocurrency projects, potentially making them more attractive to investors.

▪️Non-US crypto projects may face a 30% capital gains tax, creating a clear tax advantage for US-based ventures.

▪️The policy could significantly boost US crypto innovation, making the country a key player in the global blockchain industry.

The United States is preparing to introduce a significant tax relief policy aimed at boosting crypto innovation and attracting investment. Eric Trump, son of President Donald Trump information recently suggested that the Trump administration might introduce a zero capital gains tax policy specifically for cryptocurrency projects.

But will this policy benefit only US-based projects, or will non-US ventures also see relief?

Zero Capital Gains Tax for US Crypto Projects

Reports indicate that US-based crypto projects, including popular ones like XRP and HBAR, will benefit from the zero capital gains tax policy. This announcement has stirred excitement in the crypto industry, with many believing that the policy could make US-based projects even more appealing to investors and developers.

Non-US Projects Left Behind

However, the policy is unlikely to offer any relief to non-US crypto projects. Eric Trump stated that these projects would be subject to a 30% capital gains tax. This creates a clear tax divide between US-based and non-US ventures, raising concerns about the potential impact on global crypto competition.

US-based Crypto Projects: An Overview

Experts believe the sharp difference in tax rates is designed to give US projects a competitive edge while encouraging crypto companies to establish operations within the United States. The total market cap of US-linked cryptocurrencies now stands at $550 billion, with a 24-hour trading volume of $37.47 billion

The “Made in USA” category includes cryptocurrencies with strong ties to the United States. The top ten cryptos in this category by market cap are XRP, Solana, USDC, Cardano, Chainlink, Avalanche, Stellar, Hedera, Sui, and Polkadot.

Positive Trends for US-Based Cryptos

Over the past 30 days, most of the top ten cryptos in this category have shown strong growth. XRP has risen by 42%, Solana by 31.7%, and Cardano by 12.3%. Chainlink, Stellar, and Hedera have also experienced positive movements. However, not all US-based cryptos have performed equally well—Avalanche, Sui, and Polkadot saw declines during this period.

Conclusion

The Trump administration’s proposed crypto tax relief policy could be a game-changer for the industry. If implemented, it could create a favorable environment for US-based crypto projects, while potentially challenging non-US players.

The coming months will determine whether this tax relief can turn the US into the ultimate destination for crypto innovation.

@ Newshounds News™

Read more:  Coinpedia

~~~~~~~~~ 

MUSK EXPLORING BLOCKCHAIN USE TO CURB US GOVERNMENT SPENDING: REPORT

Elon Musk has previously stated that he wants to cut $1 trillion to $6.5 trillion in annual federal spending to help balance the budget.

Elon Musk, the head of the Department of Government Efficiency (DOGE), is reportedly exploring implementations of blockchain technology in US government operations to track and reduce federal spending.

According to Bloomberg, the DOGE is also looking at using blockchain to secure data, make payments, and manage buildings as part of the DOGE's efficiency push.

Personnel from the newly commissioned non-government department have also met with representatives from public permissionless blockchain networks to consult about potential use by the US government.

The initiative is part of Musk's broader goal of eliminating trillions of dollars from the annual federal budget and ensuring government accountability through transparency.

Blockchain to force government transparency?

Musk's push to use blockchain technology to force government transparency is not a new idea in US politics.

In April 2024, former Presidential candidate Robert F. Kennedy Jr. said he wanted to put the entire federal budget onchain. The politician told an audience at a Michigan rally:

“Every American can look at every budget item in the entire budget, anytime they want, 24 hours a day. We are going to have 300 million eyeballs on our budget. If somebody is spending $16,000 for a toilet seat, everybody will know about it.”

Kennedy's proposal was met with widespread support from small government and sound money advocates, who argued that US government spending was out of control.

Department of Government Efficiency takes first steps

The Department of Government Efficiency launched its website on Jan. 21 and officially adopted the DOGE logo used by the world's first memecoin, Dogecoin.

Following the website's launch, the price of Dogecoin rallied by approximately 11% to $0.38.

On Jan. 20, former Presidential candidate, entrepreneur, and DOGE co-founder Vivek Ramaswamy announced he was stepping away from the project to focus on running for governor of Ohio.

"I’m confident that Elon and his team will succeed in streamlining government," Ramaswamy wrote in an X post, hinting at his plans to run for office in an official capacity.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

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9 Unexpected Obstacles To Plan For Before It’s Too Late

Wealth Transfers: 9 Unexpected Obstacles To Plan For Before It’s Too Late

Jordan Rosenfeld  Fri, January 24, 2025  GOBankingRates

If you find yourself in the lucky position of either passing along your wealth to your heirs or receiving a wealth transfer from a relative, this is an exciting thing, but it does come with some legal and financial concerns if not done well.

To save you and your beneficiaries from expensive hassles, experts offered nine obstacles to prepare for and get ahead of to avoid messy court battles or tax implications down the road.

Not Laying Out a Vision

Kevin Landis, a CFP, chartered financial analyst and senior vice president with Wealth Enhancement Group, said there are two main types of wealth transfers for those who are not uber-wealthy. The first is beneficiary wealth, leaving your estate to your beneficiaries, and the second is legacy wealth, setting up something that “goes on in perpetuity” such as a trust. You want to decide what kind of wealth transfer is right for you and your beneficiaries ahead of time.

“The bottom line though is just [creating a] vision of what you’d like to see done with your money,” Landis said.

If you don’t leave instructions for your vision, you not only lose control over how your wealth will be disbursed, but you could leave your heirs with a messy legal process on their hands to figure it out, too.

Not Clarifying Tax-Qualified From Nonqualified Assets

Landis shared that the IRS considers wealth transfers such as IRA and 401(k) accounts as “tax qualified” because they have tax benefits. Nonqualified money includes such things as stocks, bonds, brokerage accounts and certificates of deposit (CD).

“So there’s a 10-year rule now that if the kids receive anything that’s tax-qualified, that money has to come out of that tax preferred environment within 10 years, but they lose up to a third of it in income taxes.”

With preplanning, heirs can create a strategy to offset some of that transferred income with other deductions to minimize taxes, he explained.

Not Getting Things in Writing

It’s not enough to just tell your beneficiaries what you want — it needs to be in writing, just in case anyone else contests the right to your money or assets, Landis said. Not having things in writing can send your estate to probate, a long, expensive and often protracted legal process that can also create bad blood among family members and other beneficiaries.

TO READ MORE:  https://www.yahoo.com/finance/news/wealth-transfers-9-unexpected-obstacles-190015566.html

Prepare for Deflation as Economy Crashes

Prepare for Deflation as Economy Crashes

WTFinance:  1-24-2025

The WTFinance recently had the pleasure of welcoming back Henrik Zeberg, a renowned Macro Economist and Founder and Publisher of the Zeberg Report.

During the conversation, Henrik shared his insights on a range of topics, from the surprising resilience of the economy and the Trump economic boom to the potential for a recession, the role of the FED, and the impact of China on the global economy.

Henrik expressed his surprise at the resilience of the economy, particularly in light of the ongoing trade tensions and geopolitical risks. He noted that the economy has been stronger than expected, but warned that this strength may not last.

Henrik attributed much of the current economic strength to the policies of the Trump Administration, including tax cuts and deregulation. However, he cautioned that this boost may be short-lived and that the economy could face headwinds in the coming months.

Henrik suggested that the FED may be making a mistake by raising interest rates, as this could put a strain on consumers and businesses and potentially trigger a recession. He urged the FED to proceed with caution and to carefully consider the potential consequences of their actions.

Henrik was asked if he sees the West moving towards a China-like deflation scenario. He responded that he does not believe this to be the case, as the economies of the West are fundamentally different from that of China. However, he did note that there are some similarities and that the West should be mindful of the risks of deflation.

Henrik was also asked about the impact of China on Europe. He stated that China’s slowing economy is having a negative effect on Europe, particularly in countries with close economic ties to China. He urged European leaders to be aware of this impact and to take steps to mitigate it.

Henrik described his view of the market as “cautiously optimistic.” He believes that there are opportunities for investors, but that they should be selective and focus on companies with strong fundamentals. He also urged investors to be prepared for volatility and to have a well-diversified portfolio.

Henrik stressed that he does not believe that this time is different and that investors should not be lulled into a false sense of security. He urged them to remember the lessons of the past and to be prepared for potential downturns.

Henrik was asked about the current market narrative. He stated that the narrative is currently focused on the potential for a trade deal between the US and China, as well as the impact of the FED’s actions on the economy. He urged investors to pay attention to these narratives but not to let them drive their investment decisions.

Henrik was asked if he sees crypto diverging from the NASDAQ. He responded that he does see the potential for this, as crypto is becoming increasingly mainstream and is seen by some as a safe haven asset. However, he cautioned that the crypto market is still highly volatile and that investors should approach it with caution.

Henrik was unable to provide a specific answer to this question, as the crypto market is highly unpredictable. He urged investors to do their own research and to make informed decisions based on their own risk tolerance.

The one message that Henrik wanted listeners to take away from the conversation was to be vigilant and to remain aware of the risks and opportunities in the current economic environment. He urged them to stay informed and to make decisions based on sound economic principles and their own risk tolerance.

In conclusion, the conversation with Henrik Zeberg provided valuable insights into the current economic environment and the potential risks and opportunities for investors. By staying informed and vigilant, investors can make informed decisions and position themselves for success in the coming months and years.

https://youtu.be/pvPqHLf1j6s

News, Rumors and Opinions Saturday 1-25-2025

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. 25 Jan. 2025

Compiled Sat. 25 Jan. 2025 12:01 am EST by Judy Byington

Global Currency Reset Judy Note: Let’s Connect the Dots: (1) Last week JFK Jr. wrote on Telegram that “The first phase of the wealth redistribution will officially commence on Sat. 25 Jan. 2025.” (2) All this week the White House has been lit up either in red, white and blue, or gold.

The 30+1 Primary Provisions of NESARA GESARA: The Ultimate Blueprint for Global Transformation: BOOOOM! NESARA GESARA Implements the Ultimate Global Reset: The Most Complete List of 30+1 Shocking Protocols Ever! – amg-news.com – American Media Group

Debt Forgiveness: Elimination of all bank-related debts (credit cards, mortgages, loans) caused by illigal banking practices. A financial “jubilee” for the people, freeing them from the grip of oppressive financial institutions.

Abolishment of Income Tax: Complete removal of income taxes and taxes on investments and retirement accounts (IRAs, 401ks, etc.) that were unconstitutionally imposed.

Termination of the IRS: The IRS will be permanently shut down, with its employees reassigned to the new Treasury-based tax collection system.

Flat-Rate Sales Tax: Introduction of a 14% flat-rate sales tax on new, non-essential goods (excluding food, medicine, and used items) to fund government operations. A fairer, more transparent tax system.

Boost to Senior Citizens’ Benefits: Increased benefits for senior citizens, ensuring they are well-supported financially in their later years.

Creation of the Rainbow Currency: Introduction of a new U.S. Treasury currency backed by gold, silver, and platinum, ending the current fiat currency system.

Establishment of the U.S. Treasury Reserve Banking System: The Federal Reserve will be phased out, and a new banking system will be implemented in accordance with Constitutional Law.

Re-indexing of Precious Metals: Gold, silver, and other precious metals will be re-indexed within 30 days of NESARA’s completion, stabilizing the economy.

Federal Reserve Phase-Out: The Federal Reserve System will be dissolved over the course of a year, fully transitioning monetary control to the U.S. Treasury.

Restoration of Financial Privacy: Implementation of systems to protect financial privacy, ending widespread data theft and hacking.

Humanitarian Project Funding: Large-scale funding for domestic and global humanitarian projects, allowing for widespread societal improvements.

Ban on Currency and Precious Metals Dealers: The buying and selling of precious metals will be exclusively conducted through the U.S. Treasury Reserve Banking System, eliminating private middlemen.

Citizen Access to Minted Coins: Citizens will be able to convert their gold and silver holdings into U.S. Treasury-approved minted coins.

Daily Precious Metals Index: The U.S. Treasury Reserve will maintain a daily index for precious metals pricing, ensuring transparency and stability in the market.

Restructuring of Social Security: The U.S. Social Security system will be overhauled to ensure long-term sustainability and fairness.

QFS (Quantum Financial System): The majority of NESARA’s exchanges of foreign currency and bonds will be stored securely in blockchain accounts through the Quantum Financial System.

Banking Reform: Banks will face new limits on rates and fees, while citizens gain stronger custody rights over their funds. Banks will be phased out over 3-5 years post-NESARA.

Reclamation of Stolen Assets: NESARA will reclaim assets stolen by corrupt institutions, including the Federal Reserve, Wall Street, and elites, restoring them to the rightful owners.

Restitution for Unconstitutional Acts: Financial reparations will be made for unconstitutional actions such as illigal taxation, unjust loans, and unlawful property seizures.

Redemption of Currencies and Bonds: Individuals will have the opportunity to redeem or exchange their foreign currencies and ZIM bonds at specific rates for personal use and humanitarian projects.

Read full post here:  https://dinarchronicles.com/2025/01/25/restored-republic-via-a-gcr-update-as-of-january-25-2025/

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

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

Jeff   I'm not trying to give you a date...Iraq can only change the their rate on a Sunday.  The rate will change on what is their Sunday morning before or by the time their banks open.  Their banks open Sunday morning 8am their time...Here's the unknown variable in this. Does Iraq need something like a holiday to legitimately suspend or pause their currency auction on a Sunday allowing them to change the rate?  That's a question none of us can answer.  We don't know...

Frank26   IMO the reason why they're using the three zero notes to educate the Iraqi citizens is not just because they will coexist with the new small category notes but they will look exactly like the old notes.  The only difference is the zeros will be gone... The whole thing falls on one thing - the amendment budget readings...If we're waiting for a float or a basket, what is it that's going to give us the float or the basket?  The amendments...If they pass the amendment, all hell is going to break loose but this time in a good way!

A Massive Economic Crisis Is Coming | Alex Newman

Liberty and Finance:  1-24-2025

Alex Newman discusses the Trump administration’s strong stance against international climate agreements and its withdrawal from the WHO, framing these moves as victories for national sovereignty.

He expresses concern over the likely economic catastrophe that could unfold under the new administration, though he stresses it will not be Trump's fault.

 The crisis will stem from long-standing systemic issues, and how the president responds to it will be critical for the future of the economy and the preservation of liberty.

Newman also highlights growing fears of North American integration and critiques the increasing reliance on technological surveillance as a supposed solution to societal issues. He emphasizes the need for state and individual resistance against federal overreach, especially in areas like monetary policy, and stresses that education and faith are central to safeguarding freedom in society.

INTERVIEW TIMELINE:

 0:00 Intro

1:30 The good, the bad, and the ugly

9:30 Big Daddy government

 13:15 Trump & the financial system

https://www.youtube.com/watch?v=CdfwbsMf0m8

Weekend Coffee with MarkZ. 01/25/2025

Weekend Coffee with MarkZ. 01/25/2025

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: Morning everyone! Praying this is our weekend!!

Member: OK Mr. Mark... tell the powers that be to get this rv started !! I know you have THE final say in this !! lol

Member: Is that a gold shirt? Did you wake up this morning and say”I’m going to mess with them today”

MZ: Im just practicing wearing gold to be ready for when the big show start…lol

Member: I believe tomorrow is a holiday in Iraq

MZ: Iraq right now is looking at a consumption tax instead of an income tax. To me that looks like Nesara. Looks like other countries also looking to scrap income taxes in favor of a consumption tax.

Member: No Income Tax in Iraq - that's GESARA

MZ: Finally a couple bond contacts have reached out to me ….saying they are “positioned “ for this week to be finished…funding is prepared...This coming week starts tomorrow…. Very positive to hear…. But there are still a couple expecting things the first week in Feb.

Member: So are we waiting until mid Feb now?

MZ: I don’t think so…..I believe we may be done by that time

Member: So what’s the hold up on the bonds?

MZ: I don’t think there is a hold up….I believe they did not feel comfortable moving the trillions of dollars until Trump took the oath of office last Monday. Now they have kicked in to moving all those funds and making sure everything is secure and will be going where it is supposed to. While they have tested the system greatly, this is the first time it will be used at full volume. Groups, group leaders and bankers tell me it all went off of “stuck” last Monday.

MZ: Also Groups are expecting funding within days .

MZ: Wealth management/redemption center folks are “on call” this weekend. But, they are being told to expect a couple of long weekends in the very near future. They were specifically told to expect to work next weekend and the next few weekends after that….and to enjoy this last weekend “on call “ because they are about to work a lot. .

Member: MarkZ, President Trump reportedly in Reno last night and Iraq having a Holiday tomorrow, possibly significant???

MZ: From Iraq: “Hanan Fatlawi calls on Parliament to pass the budget amendment as quickly as the three laws were passed”  This level headed lady is skyrocketing in Iraqi politics. There is a big push to get this budget stuff squared away. I believe Parliament reconvenes in a couple days to vote on the budget.

Member: Talking to a guy from Iraq at bank other day . He said country is looking good . There gearing up for visitors . He was trying to talk me and others to go there on vacation.

Member: Do you think the Iraq dinar RV at a high rate, or will it come out low and then rise later?

Member: We all want to know that answer. Might just have to wait for our exchange?

Member: I've been told by the platform that the new treasury is in place, now hoping for funds to be released tonight. Hope it’s true.

Member: Our local credit union has been closed the past 2 Wed. for retraining. Went inside to make a deposit and mentioned about the closing and the teller just smiled and said Big Changes are coming.soon.

Member: Chinese New Year starts on Wednesday the 29th…. RV starting gun a good date?

Member: today planetary parade 1st time in 3.5 billion yrs...everything is aligned for the shift

Mod: SEE YOU ALL BACK ON MONDAY! HAVE AN  AWESOME WEEKEND

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=yLCL1EERqis

Iraq Economic News and Points to Ponder Saturday AM 1-25-25

An Economist Shows The Monthly Government Spending And Its Impact On The Rise Of The Dollar

Friday 24 January 2025 18:48 | Economic Number of readings: 137   Baghdad / NINA / Economic expert Manar Al-Obaidi revealed today, Friday: "The average monthly spending of the Iraqi government in 2024 amounted to about 12 trillion dinars," noting that: "Adding the loans and advances obtained by government agencies and ministries, which are estimated at about 2 trillion dinars per month, raises the total government spending to 14 trillion dinars per month."

Al-Obaidi said in a statement: "The government sector usually works for 20 days a month, which means that the daily spending rate is about 700 billion Iraqi dinars," noting that "to cover this level of spending, the Ministry of Finance needs to sell at least $ 400 million per day to the Central Bank, so that the latter can provide the cash needed to cover government expenditures."

He pointed out: "The Central Bank cannot provide the Iraqi dinar needed by the Ministry of Finance, except by selling its equivalent in dollars."

The economic expert explained: "The dollar sales by the Central Bank are directly linked to the increase in the size of government spending," indicating that: "The more spending, the more the Central Bank needs to sell larger quantities of dollars."

He added: "If this trend continues, we may reach a stage where the market witnesses daily sales ranging between 400 and 500 million dollars through the various mechanisms adopted by the Central Bank," warning that this reflects the direct impact of the rise in public expenditures on the currency market." / End8    https://ninanews.com/Website/News/Details?Key=1181860

Hanan Al-Fatlawi Calls On Parliament To Pass The Budget Amendment As Quickly As The “Three Laws” Were Approved

Friday 24 January 2025 | Politics Number of readings: 103   Baghdad / NINA / The head of the / Will / bloc, MP Hanan Al-Fatlawi, called on the House of Representatives to pass the amendment to the three-year budget law with the same speed with which it passed the three laws.

Al-Fatlawi said in a post on the / X / platform: "I call on the House of Representatives to pass the budget amendment with the same speed with which it passed the three laws within seconds."

She added: "Keeping the budget unamended means that the government will continue to pay one trillion dinars per month in salaries to the region, while companies in the region continue to produce 320 thousand barrels per day (870 billion dinars per month) that are smuggled outside Iraq and sold at low prices, much lower than SOMO prices, in addition to Turkey demanding a fine of $ 24 million per month for not exporting oil through the Iraqi pipeline extending to Ceyhan."

Last Tuesday, the House of Representatives voted on the three controversial laws (amending the Personal Status Law, amending the General Amnesty Law, and the Law on Returning Seized Lands to Their Owners) using the “one-basket” method, which sparked protests and objections from many representatives and political blocs, and resorted to challenging the legality of the vote, considering that the necessary quorum was not completed. https://ninanews.com/Website/News/Details?key=1181868

Prices Fall Below $80

Buratha News Agency 13420  25-01-24  Iraqi oil prices fell during the opening of trading today, Friday (January 24, 2025), below $80 per barrel for the first time in more than two weeks in the global market.

According to data, Basra Heavy crude recorded $76.59 per barrel, while the average recorded $79.85 per barrel, with a change of -0.35, respectively, for March 2025 delivery.

The data also showed a decline in global crude prices, with British Brent crude recording $78.26, while US West Texas Intermediate crude recorded $74.59 per barrel, with a change of -0.03 for both.
https://burathanews.com/arabic/economic/455515

Oil Falls As Trump Pressures For More Supplies, Lower Prices

Economy  | 01/24/2025   Mawazine News – Baghdad  Oil markets fell on Friday, a day after US President Donald Trump urged OPEC and its de facto leader Saudi Arabia to lower prices in a broad effort to boost crude output.

Brent crude futures were down 50 cents at $77.95 a barrel by 0044 GMT. U.S. West Texas Intermediate (WTI) crude was down 31 cents at $74.31. Trump said in a speech on Thursday at the World Economic Forum in Davos, Switzerland, that he would ask OPEC to lower the cost of a barrel of crude. He said he would ask Riyadh to increase its investment package in the United States to $1 trillion, up from $600 billion reported by the Saudi state news agency earlier in the day.

Analysts said uncertainty over Trump’s tariff policies and the possibility that the new president would push for higher U.S. oil production also weighed on crude futures.

But to prevent further declines, U.S. crude inventories fell last week to their lowest since March 2022, data from the U.S. Energy Information Administration showed.   https://www.mawazin.net/Details.aspx?jimare=258939

Saleh: Serious Government Move To Stimulate The Insurance Sector In Iraq

Local | 12:57 - 01/24/2025   Mawazine News – Baghdad The Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Salih, confirmed today, Friday, that there is a serious government trend to activate the insurance sector in Iraq.

Salih said: "Activating the insurance sector in Iraq and addressing the absence of insurance culture as a means of financial protection requires considering several intertwined factors, some of which relate to the movement of the overall economy, and others to the societal culture,

including reviewing existing legislation, including, for example, the importance of providing tax incentives for companies and individuals who choose insurance and supporting small and medium-sized companies to provide innovative insurance products that meet market needs.

" He added, "Based on that, I find it important to design insurance products that suit different categories, such as agricultural insurance and disaster insurance, and to inform citizens that there is mandatory insurance for car accidents, as there is an approved mechanism in this regard that not many people know about, and it is part of the absent societal culture towards mandatory insurance in the country,"

indicating that "citizens' confidence in non-banking financial institutions must be enhanced, including insurance activity in particular, which is reflected in the development of the insurance sector as a whole and its interconnections in the entire national economy."

He added that "the disparity in purchasing power of many segments of society makes them focus on basic needs instead of future financial planning, and for inherited reasons as well due to years of wars, conflicts, and social and economic changes that have affected society."

He pointed out that "the decline in insurance culture is the main factor in the lack of development of this vital sector due to the lack of knowledge of the benefits of insurance and its importance as a means of financial protection, as families, communities, and clans are often relied upon to confront risks instead of resorting to appropriate insurance solutions guaranteed by law."

He stressed "the need to build integrated awareness programs targeting youth and various business sectors and improve the level of services in a way that enhances trust between customers and insurance companies, in addition to increasing the number of options provided by current insurance companies and activating the use of digital technology to improve the customer experience in terms of easy access to insurance services,"

noting "the importance of promoting partnership between the state and the private sector in the scope of life insurance, its services, and its institutions, and I find that it represents the second phase of the financial and economic reform undertaken by the government program."

He pointed out that "there is a serious government trend towards activating the insurance sector as it is the financial guarantor of the individual's and society's life, due to its significant positive impact on the national economy in general and the development of the financial market in particular by reducing risks and enhancing financial stability in the country."https://www.mawazin.net/Details.aspx?jimare=258947

President Of The Republic Reviews Iraq's Long-Term Economic Development Plan In Davos

Politics | 01/24/2025  Mawazine News – Baghdad  President of the Republic Abdul Latif Jamal Rashid reviewed, on Friday, the main points of Iraq's plan for a long-term economic development strategy at the Davos Conference Center.

A statement by the Presidency of the Republic received by "Mawazine News" stated that "President of the Republic Abdul Latif Jamal Rashid participated in a dialogue session entitled (Towards a more stable land through land reclamation) at the Davos Conference Center."

The statement added that "during the session, which was attended by the Under-Secretary-General of the United Nations and Executive Secretary of the United Nations Convention to Combat Desertification Ibrahim Thiaw, the South African Minister of Agriculture Gwen Steenhuizen, the Executive Director of the Consultative Group on International Agricultural Research Asmahan Al-Wafi, the Executive Director and CEO of New Aero Farms Molly Montgomery, and the Deputy Prime Minister of Mongolia Togmeddin Dorjkhand, the President delivered a speech in which he emphasized his experience as an engineer specializing in water management with decades of experience, and he has devoted a large part of his career to addressing water scarcity issues and developing sustainable land use methods."

In his speech, the President explained the pressures that Iraq is facing due to climate change, water scarcity and desertification, stressing that "Iraq does not stand idly by in the face of these challenges, but has taken decisive and tangible steps to confront them through effective policies aimed at achieving sustainable development."

The statement continued, "The President reviewed the main points of Iraq's plan for a long-term economic development strategy, especially in the areas of agriculture, energy and water security," noting that "Iraq is currently participating in ongoing negotiations with neighboring countries such as Turkey and Iran, with the aim of concluding fair agreements to share the waters of the Tigris and Euphrates rivers,"

indicating that "these negotiations represent a strategic priority for the future of our region, in addition to its work at the international level with specialized international organizations to adopt agricultural practices that are resistant to climate change and ensure access to the necessary funding and expertise to achieve success."

The statement continued, "The session was attended by Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein, Chairman of the Advisory and Experts Authority in the Presidency of the Republic Ali Al-Shukri, and the Iraqi Ambassador to the Swiss Confederation Mohammed Al-Dabbagh."
Here is the text of the speech:

“I am pleased to be with you today at this important meeting. As a water management engineer with decades of experience, I have devoted a large part of my career to addressing water scarcity issues and developing sustainable land use methods.

These challenges are not new to me, nor are they merely theoretical issues; they are urgent realities that require us to act quickly. I am pleased to share with you today Iraq’s strategies to address these issues effectively and directly.

Today’s session, entitled “Towards A More Stable Land Through Land Reclamation,” focuses on a critical global challenge: land degradation.

40% of the world’s land has lost its fertility, threatening the stability of our economic and social environments. This phenomenon has caused a decline in agricultural productivity, pollution of waterways, and increasing and accelerating drought, putting economies and livelihoods around the world at risk.

Iraq is no exception to these challenges. About 39% of our land is exposed to desertification, at a time when our water resources, which are the basis of agriculture and livelihoods, are under increasing pressure.

The situation is exacerbated by climate change, rising temperatures, and declining water flows from rivers coming from neighboring countries.

However, Iraq is not standing idly by in the face of these challenges. We are taking decisive and tangible steps to confront them, through effective policies aimed at achieving sustainable development.
Let me review with you some of the main initiatives that we have begun to implement:

* The first and most important step is to improve the management of our existing water resources, by enhancing water use efficiency, developing modern irrigation systems, and collecting rainwater to use it for irrigating land.

* A ten-year federal national program to combat desertification: This program focuses on reforestation, soil conservation, and adopting sustainable agricultural methods.

* Expanding green belt projects: We are in the process of establishing buffer zones around our cities, to reduce the risk of desert encroachment by using local plants that are drought tolerant.

These efforts are an integral part of Iraq’s long-term economic development strategy, particularly in the areas of agriculture, energy and water security.

Sustainable development is the real guarantee of balanced growth that preserves the health of our environment for future generations.

As part of our quest for sustainable development, we are shifting towards renewable energy. We are also working to promote climate-smart agriculture, diversify crops, encourage organic and regenerative agriculture, and tighten legal regulations for sustainable land use practices.
Addressing our water challenges requires cross-border cooperation.

Iraq is currently engaged in ongoing negotiations with neighboring countries such as Turkey and Iran to conclude fair agreements for sharing the waters of the Tigris and Euphrates rivers. These negotiations represent a strategic priority for the future of our region.

Iraq is working internationally, alongside global organizations such as the United Nations Convention to Combat Desertification, the Food and Agriculture Organization (FAO), the World Food Programme (WFP), and the World Bank, to adopt climate-resilient agricultural practices and ensure access to the financing and expertise necessary for success.

In conclusion, we know that sustainable solutions can only be achieved through effective local action and community engagement, which is the foundation of our strategy to address challenges.

Ladies and gentlemen,
land reclamation is not just an environmental imperative, it is a moral responsibility towards future generations.

It is about protecting livelihoods, preserving ecosystems and ensuring a sustainable future for us and our children.  Iraq is committed to this mission and I look forward to working with all of you to achieve these common goals. Thank you."   https://www.mawazin.net/Details.aspx?jimare=258960

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