Tidbits From TNT” Wednesday Morning 1-29-2025

TNT:

Tishwash:  The Finance Committee: Our priorities are to chart a new course for managing the financial situation

The head of the Finance Committee, Atwan Al-Atwani, confirmed today, Wednesday, that the committee has placed at the top of its priorities the development of a new path for managing the financial situation.

A statement by the Finance Committee received by the Iraqi News Agency (INA) stated that "the head of the Finance Committee, Atwan Al-Atwani, met with the delegation currently visiting the United Kingdom, Lord Baroness de Sousa and the Director of the Oversight Unit in the British House of Commons, Alex Knight, each separately, in the presence of specialists from the International Partners Foundation."

He explained that "the discussions were held on the prospects of joint bilateral cooperation between the Finance Committee in the Iraqi Council of Representatives and the specialized committees in the British House of Commons in terms of legislative and oversight work and the exchange of expertise in all fields, in a manner that serves the interests of the two friendly peoples."

The statement continued, "After reviewing the structure of the British House of Commons and the House of Lords and the role of each of them, Al-Atwani stressed the need for the Iraqi Council of Representatives to establish permanent specialized formations of experts and specialists whose mission is to chart the course of legislative work and complete the requirements for enacting laws and consolidating legislation in a manner that achieves the country's supreme interests and is consistent with development plans and service programs."

He pointed out that "strengthening the work of the legislative authority with these specialized formations would mature the laws and assess the government's actual need for the legislation to be enacted, away from personal interpretations."

During his discussions, Al-Atwani reviewed "a number of files and topics of common interest," noting that "his committee has prioritized charting a new path for managing the financial situation in the country through a gradual transition to relying on non-oil revenues, especially since Iraq has financial revenue outlets that can be pillars of building the budget, including customs, taxes, investment of state assets, communications, and other government services."  link

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Tishwash:  Central Bank Governor announces imminent launch of major initiative to finance industrial projects

The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Tuesday, the imminent launch of an initiative to finance industrial projects, while pointing out that financial stability is no less important than political and security stability.

The Governor of the Central Bank, Ali Al-Alaq, said in a dialogue session during the Iraq Energy Conference, which was followed by "Al-Eqtisad News", that "the initiatives undertaken by the Central Bank represent tools to move the wheel of development and enhance economic stimulus, and they are unconventional policies aimed at supporting the overall economy.

" He added that "the Central Bank is one of the global banking institutions that adopt unconventional monetary policies," noting that "the size of the accumulations in the aspects of backwardness in the infrastructure is a major challenge."
He explained that "the Central Bank is concerned with achieving economic stability, especially since energy factors are directly linked to the economic situation by supporting factories, companies, and others."

He pointed out that "the Central Bank intervenes in supporting and financing various projects, including renewable energy projects, whether through direct or indirect support."
He pointed to "the importance of monetary and financial stability," indicating that "it is no less important than political and security stability."

He continued that "the Central Bank has launched multiple initiatives to finance real estate and small and medium-sized projects, as projects worth 13 trillion dinars have been financed since 2016 until now, which has contributed to the sustainability of the economy, in addition to allocating 1 trillion dinars to encourage citizens and companies to purchase solar energy units."

He added that "there are ongoing arrangements to finance industrial projects in coordination with the Trade Bank of Iraq and the Industrial Bank," indicating that "the liquidity available at the Trade Bank of Iraq will be used to support these projects, in addition to the funds of the Industrial Bank, with the aim of launching a major initiative to finance industrial projects, which is expected to see the light soon."

He stressed that "the Council of Ministers has agreed to enhance cooperation between government banks with a financial surplus to finance industrial projects through the Industrial Bank, as it is the competent authority in this field," stressing "the imminent launch of this major initiative  link

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Al-Sudani: We are a cornerstone in the stability of energy markets.. This is how we are viewed

Prime Minister Mohammed Shia al-Sudani said on Tuesday that Iraq has become a cornerstone in the stability of global energy markets, and is on the path to becoming a regional center for energy industries, indicating that countries have begun to view it in this way, and its position has begun to acquire a brighter image, during his speech at the Iraq Energy Conference.

Al-Sudani's office said in a statement:

Prime Minister Mohammed Shia Al-Sudani inaugurated today, Tuesday, the Iraq Energy 2025 Conference, which was held by the Iraq Development Platform in the capital, Baghdad, under the slogan (Together for a Promising Energy Future).

His Excellency stressed, in his speech, that the conference is an opportunity to learn about the state’s policies and programs in the energy sector, which occupies a pivotal position in all the government’s development plans and its commitment to modernizing and developing it, in parallel with the goal of diversifying the economy, in a way that positively reflects on other sectors.

The Prime Minister explained that a tangible digital achievement has been made since the government assumed its responsibility, through a set of commitments, most notably stopping gas flaring by 70%, benefiting from oil wealth, investing in natural gas, and expanding the production of petroleum derivatives, stressing the approach to full self-sufficiency in fuels and moving towards exporting gas oil, within a vision that aims to convert 40% of oil production into transformation industries by 2030.

Mr. Al-Sudani added that the government has proposed integrated energy projects to expand the benefit from oil production in one location, the most important of which is the Artawi field in Basra Governorate, and the accompanying project to desalinate seawater, generate solar energy, in addition to investing in gas, indicating that maximizing the non-oil economy is accompanied by maximizing returns from oil wealth, through expanding refining operations and petrochemical industries.

The following are the highlights of the Prime Minister’s speech during the conference:

The government has moved towards diversifying sources of income horizontally to solve the problems of unemployment and the single economy, towards creating real job opportunities.

Partnership with the private sector was the first window for development, and one opportunity to work with it leads to the creation of many other opportunities.

The government has relied on strategic projects that support all sectors of development and the economy, the most important of which is the “Development Road.”

We have included in the design of the development road lines lines for transporting oil and gas, in addition to communications to achieve the connection between Asia and Europe, and to provide investment opportunities.

We have developed a plan to invest in human capital and develop capabilities and skills to keep pace with technology and techniques, especially with the expansion of artificial intelligence applications.

The electricity sector has become an important developmental and economic nerve, and it can be transformed into a basic gateway to development in Iraq.

Developing the energy transmission and distribution network, and adopting modern and smart technologies, will reduce waste, lower harmful emissions, and enhance sustainable development.

The Ministry of Electricity announced the new economic model for thermal power plants that aims to produce an additional 15,000 megawatts.

The large and important package of energy production projects for gas stations will be announced according to the new model.

Partnership with the private sector is important to save time and effort in confronting climate change and addressing water scarcity in Iraq.

We sought to introduce renewable, clean and alternative energy elements, and we started actual implementation in the field of solar energy.

We have renewable and clean energy projects that will have a production capacity of 4,875 megawatts upon completion.

Purchase of home solar energy systems as part of the Central Bank’s support for the (1 trillion dinars) initiative of loans.

We are proceeding with the electrical connection with the Gulf countries and Turkey, reaching the European Union electricity grid, to achieve diversity and integration in the energy field.

Iraq's global standing is gaining a brighter image in economic growth, reforms and increased levels of cooperation in all energy forums.

Iraq has become a cornerstone of global oil market stability and is on its way to becoming a regional energy hub.

Iraq contributes to the stability of the global oil market by relying on a strong and solid economy. link

Mot:  .. the Ironies of Life!!!! 

Mot: .... Bestest Advice Ever  

FRANK26….1-28-25….BANK STORIES

KTFA

Tuesday Night Conference Call

FRANK26….1-28-25….BANK STORIES

This video is in Frank’s and his team’s opinion only

Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.  

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

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

Iraq Economic News and Points to Ponder Tuesday Evening 1-28-25

Government Advisor Reveals Iraq's Gold Reserves And Hedging Against "Ill-Considered Races" To Buy It

Time: 2025/01/27 19:17:28 Read: 1,410 times   {Economic: Al Furat News} The economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed Iraq’s gold reserves, which are estimated at about 152 tons.

Saleh told {Euphrates News} that: "The gold reserve is undoubtedly an important part of Iraq's foreign exchange reserves, as it contributes to enhancing financial stability and confidence in the national currency. According to the announced data, gold reserves have reached about 152 tons."

e added, "The approximate value of it in the country's foreign investment portfolio is about $14 billion, which constitutes about 13% of the total diversification of that portfolio, which is distributed in standard proportions among other foreign currencies."

Saleh promised that gold is "a safe haven for the balance of the aforementioned investment portfolio, especially when the exchange rates of some currencies or the fluctuation of interest on investing in those currencies are exposed to uncalculated risks in the short term as a result of decline or fluctuation."

He pointed out that "central banks often follow standard guidelines, including our country, in diversifying their investment portfolios in foreign currency, which adopts many criteria, including the density of commercial areas with which they deal in global trade and investment."

Saleh added, "Our country is monitoring this diversification with great precision and with accurate advisory coverage, and it is not necessary to enter into ill-considered races in the yellow metal markets," indicating that "gold often carries its management costs, whether insurance or storage fees in global gold vaults, according to highly accurate mechanisms."

He stressed that "its importance lies in the possibility of issuing bonds when needed, called gold bonds guaranteed by gold," noting that "there are currently buying sprees in the world due to the change in the US administration and the rise in its prices."

According to the statement of Al-Sudani's advisor, "the state of uncertainty surrounding the new US administration has led to a rise in gold prices globally, as gold is a safe haven for investors in times of instability," noting that "despite this, strengthening gold reserves depends on the decisions of the monetary authority and its strategies in maintaining economic stability, and taking the necessary measures at the appropriate time."   LINK

Oil: Iraq's Production Will Reach 7 Million Barrels Per Day And These Are Our New Projects To Enhance Self-Sufficiency

Tuesday 28 January 2025 17:48 | EconomicNumber of readings: 152   Baghdad / NINA / The Ministry of Oil revealed that Iraq's oil production will touch 7 million barrels per day during the next five years, while confirming the completion of new refining projects in the Basra and North refineries, with a total capacity of 220 thousand barrels per day to enhance self-sufficiency in oil derivatives.

Undersecretary of the Ministry of Oil Ali Maaraj said, during his participation in a dialogue session within the activities of the Iraq Energy Conference, which kicked off today, Tuesday, in the capital, Baghdad, that "the ministry seeks to increase production capacity, which will touch 7 million barrels of oil per day during the next five years, as well as address the burning of associated gas and reach zero filler during the same period, and stop importing oil derivatives soon."

He added, "For the first time, Iraq is witnessing the implementation of integrated projects in the oil sector, including oil extraction, refining, and petrochemical industries, as well as electricity generation and transformation industries such as fertilizers. These projects include the "Basra Integrated Project, the Total Project, and other projects in Nasiriyah and Qayyarah."

He explained that "the Ministry of Oil referred" the fifth licensing round, which had been suspended for more than four years, followed by the sixth licensing round and the fifth round supplement, "as well as referring the development of the Artawi oil field, which includes integrated projects including oil extraction, gas processing, seawater desalination, and energy generation through solar stations."

Regarding gas flaring cessation projects, the Undersecretary of the Ministry confirmed that significant progress has been made in the field of treating associated gas, after launching new processing units with a total capacity of 600 million standard cubic feet in the governorates of Basra, Maysan, and Dhi Qar, "noting the suspension of the import of white oil derivatives and gas oil, while working to stop the import of gasoline soon.

The Undersecretary of the Ministry of Oil reiterated the ministry's commitment to preserving the environment and reducing carbon emissions through clean and renewable energy projects, including modernizing refineries and establishing modern facilities according to "Euro 5" and "Euro 4" standards, which contributes to improving the quality of products and reducing pollution.

He continued by saying that "the Ministry of Oil supplies the Ministry of Electricity with all types of derivatives, at a rate of 10,000 liters of gas oil per day," noting that "Iraqi refineries produce 30,000 cubic meters of gas oil, and some products are exported to support the state budget."

He added that "the Ministry of Oil has self-sufficiency in white oil and factories to improve gasoline," indicating that "the production of national refineries currently covers the local need for white oil, black oil and gas oil." / End 5  https://ninanews.com/Website/News/Details?key=1182519

Central Bank Governor Announces Imminent Launch Of Major Initiative To Finance Industrial Projects

Local | 03:43 - 01/28/2025   Mawazine News – Baghdad   The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Tuesday, the imminent launch of an initiative to finance industrial projects, while indicating that financial stability is no less important than political and security stability.

The Governor of the Central Bank, Ali Al-Alaq, said in a dialogue session during the Iraq Energy Conference: "The initiatives undertaken by the Central Bank represent tools to move the wheel of development and enhance economic stimulus, and they are unconventional policies aimed at supporting the overall economy."

He added that "the Central Bank is one of the global banking institutions that adopt unconventional monetary policies," noting that "the size of the accumulations in the aspects of backwardness in the infrastructure is a major challenge."

He explained that "the Central Bank is concerned with achieving economic stability, especially since energy factors are directly linked to the economic situation through supporting factories, companies, and others."

He pointed out that "the Central Bank intervenes in supporting and financing various projects, including renewable energy projects, whether through direct or indirect support."

He pointed to "the importance of monetary and financial stability," indicating that "it is no less important than political and security stability."

He added that "the Central Bank has launched multiple initiatives to finance real estate and small and medium enterprises, where projects worth 13 trillion dinars have been financed since 2016 until now, which has contributed to the sustainability of the economy, in addition to allocating 1 trillion dinars to encourage citizens and companies to purchase solar energy units."

He added that "there are ongoing arrangements to finance industrial projects in coordination with the Trade Bank of Iraq and the Industrial Bank," indicating that "the liquidity available at the Trade Bank of Iraq will be used to support these projects, in addition to the funds of the Industrial Bank, with the aim of launching a major initiative to finance industrial projects, which is expected to see the light soon."

He stressed that "the Council of Ministers has approved enhancing cooperation between government banks with a financial surplus to finance industrial projects through the Industrial Bank, as it is the competent authority in this field," stressing "the imminent launch of this major initiative." https://www.mawazin.net/Details.aspx?jimare=259115

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

Seeds of Wisdom RV and Economic Updates Tuesday Evening 1-28-25

Good Evening Dinar Recaps,

MICROSOFT (MSFT) TO BUY TIKTOK? WHAT IT WOULD MEAN FOR THE STOCK

In a rather surprising development for the company, Microsoft (MSFT) has been rumored to be among those in play to buy TikTok. Indeed, the tech company is one of a slew of high-profile names looking to purchase the immensely popular social media platform, as it looks to secure a US buyer.

US President Donald Trump told reporters Monday that the Windows software developer was “nalized, it would certainly have massive implications for the company’s stock.

Microsoft Looking to Buy TikTok, Trump Says: Why It Could be Huge for MSFT

One of the ongoing business world developments that has caught the attention of the general public has been the race to buy TikTok. Indeed, the incredibly popular application was faced with a nationwide banning as the Biden administration left office.

Early into his second term, Donald Trump signed an executive order to delay that ban by 75 days.

Yet, it has not changed the necessity for the social media platform to be purchased. Now, all eyes are on prospective buyers. There is no shortage of interest, but there have also been no concrete offers being made. That may be changing now, as Microsoft (MSFT) may be in line to buy TikTok.

Trump has confirmed Microsoft’s interest while also noting the process is ongoing. He assured that he is in discussion with multiple parties to purchase the app. Moreover, he noted that the situation would likely be resolved over the next 30 days.

The platform is incredibly popular, with over 170 million American users. Yet, ByteDance, its Chinese owner, has not commented on Microsoft, or any companies, acquisition interest. There is no denying that a sale would be huge for anyone.

However, it could be massive for Microsoft in particular. The firm has not been shy about making significant investments in recent years. It purchased OpenAI after the rise of ChatGPT for $13 billion. That has been called some of the “best money ever spent.” 

Similarly, TikTok could have interesting potential as it creates an avenue of entry for the Microsoft developer into the social media sector

@ Newshounds News™

Source:  Watcher Guru

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PRO-CRYPTO SENATOR LUMMIS FILES LEGAL BRIEF SUPPORTING COINBASE AGAINST SEC

Pro-crypto Sen Cynthia Lummis has filed an amicus brief to support the Coinbase against the US SEC

▪️Senator Cynthia Lummis has filed an Amicus Brief for Coinbase in SEC Lawsuit.

▪️The Senator accused the SEC of overstepping its regulatory authorities.

▪️She wants the court to side with Coinbase and define the SEC’s powers.

Senator Cynthia Lummis, a pro-crypto Republican, is intensifying her fight against the US Securities and Exchange Commission (SEC) policies under former Chair Gary Gensler in support of Coinbase Global Inc.

According to The Block, Lummis recently filed a 29-page amicus brief supporting Coinbase’s appeal against the SEC’s lawsuit. Her legal brief accused the regulatory agency of overreaching in its ongoing case, undermining Congress’s authority over digital assets.

The Case Against Coinbase: Lummis Steps In

The SEC’s lawsuit against Coinbase has become a flashpoint in the debate over the agency’s regulatory overreach. The agency accused Coinbase of operating as an unregistered exchange, broker, and clearing agency.

In response, Coinbase filed an appeal, arguing that the SEC’s actions are unjust and unconstitutional. The exchange claimed the lawsuit infringed on Congress’s authority to create laws.

Binance asked for clearer rules on how federal securities laws apply to crypto. The SEC’s refusal to approve the exchange’s request led to calls for court intervention.

As reported by Coinspeaker, the court sided with Coinbase, ordering the SEC to clarify its decision to reject the petition for crypto-specific regulations.

Senator Lummis, a staunch crypto and blockchain technology advocate, backed Coinbase’s position. In her brief, Lummis argued that the SEC’s aggressive approach to crypto registration is legally flawed and fundamentally un-American.

She criticized the agency’s classification of many digital assets as securities under Chair Gary Gensler. This move enforces strict registration rules that do not fit well with how digital assets work.

The Republican Senator criticized the SEC for being secretive and unfair in enforcing rules. She accused the agency of changing securities laws without being open or accountable.

She emphasized that Congress, not the SEC, has the constitutional authority to set the securities and commodities regulation framework.

Lummis emphasized the need for clear and fair laws to guide the future of the crypto industry. She urged the Second Circuit Court to step in and define the limits of the SEC’s authority.

Shifting SEC Stance Under a New Administration

Senator Lummis is gaining influence, especially with her new role as chair of the Senate Banking Committee panel focused on digital assets. She is working on bills to define the SEC’s role and pushing for laws that create a fairer balance for crypto regulation.

This includes one that would have digital asset exchanges register with the US Commodity Futures Trading Commission (CFTC) instead of the SEC. With President Donald Trumpnow in office, Senator Lummis expects the landscape for crypto regulation to undergo significant changes.

President Trump has nominated Paul Atkins, a crypto-friendly former regulator, as the new head of the SEC. Many in the crypto community hope the agency’s stance on digital assets could become more favorable.

This is due to Atkins’s background in supporting less stringent regulations for digital assets. This shift could lead to clearer guidelines and boost confidence in the market.n

@ Newshounds News™

Source:  CoinSpeaker

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Thank you Dinar Recaps

System Collapse Imminent, Plunder Within Unfolds, Brace for Wild Moves in Gold and BTC

System Collapse Imminent, Plunder Within Unfolds, Brace for Wild Moves in Gold and BTC

Daniela Cambone:  1-27-2025

The United States’ global dominance is teetering on the edge, according to Willem Middelkoop, CEO of the Commodity Discovery Fund and author of “The Big Reset: War on Gold and the Financial Endgame.”

In a recent interview with Daniela Cambone on ITM Trading, Middelkoop argues that the current political and economic landscape is indicative of an empire entering its final phase, pointing to increasingly desperate measures and a looming financial reset.

Middelkoop’s assessment is stark. He highlights President Donald Trump’s controversial proposals, such as the idea of taking over the Panama Canal, as a symptom of this decline. “When you reach the end of an empire, that’s what you’re going to see,” he stated, suggesting that such actions reflect a desperate attempt to cling to power and resources as the U.S. loses its grip on global leadership. These bold, and often ethically questionable, proposals, Middelkoop implies, are not signs of strength, but rather the desperate flailing of a nation facing its twilight.

Beyond political maneuvering, Middelkoop paints a grim picture of the U.S. economic situation. He predicts a sharp rise in gold prices, potentially exceeding $4,000 per ounce, suggesting that the precious metal could be a safe haven for investors weathering the anticipated storm.

This forecast stems from his belief that the U.S. government, under pressure to avoid a complete collapse, will resort to printing more and more money, further devaluing the dollar and fueling inflation. He anticipates that Trump’s potential approach to economic challenges would involve delaying inevitable crises by endlessly injecting liquidity into the system. This tactic, while temporarily alleviating pressure, ultimately exacerbates the underlying instability and fuels the decline.

Middelkoop’s analysis isn’t just about a potential economic downturn; it points to a fundamental shift in the global power structure. He implies that the U.S.’s dominance on the world stage is waning, and its desperate actions are simply delaying the inevitable. The implications are significant: a potential reshuffling of geopolitical alliances, shifts in economic power, and a possible restructuring of the global financial system.

For investors, Middelkoop’s insights serve as a warning, urging them to consider the precarious state of traditional markets and explore alternatives like gold. The predicted surge in gold prices is not merely a prediction, but a symptom of the broader crisis that he believes is unfolding.

While Middelkoop’s views may be considered controversial, they underscore a growing concern among some economists and analysts about the long-term stability of the U.S. empire. Whether or not his predictions come to pass, his analysis offers a thought-provoking perspective on the current global landscape, urging us to consider the possibility of a significant shift in the balance of power and the need to prepare for a potential financial reset.

The conversation surrounding the decline of empires and the future of global power is far from over. However, Middelkoop’s perspective serves as a powerful reminder that even the most dominant forces are not immune to the tides of change.

His analysis highlights the importance of critical thinking and the need to question the status quo as we navigate an increasingly uncertain world.

https://youtu.be/vMs0f-_WCbU

More News, Rumors and Opinions Tuesday PM 1-28-2025

KTFA:

Henig:  From Scott Bessent, the newly confirmed Treasury Secretary on X/Twitter just now:   "As Treasury Secretary, I’m committed to eliminating income taxes, replacing them with a fair consumption tax, and adopting a gold-backed currency. We’ll erase debt, restore financial privacy, and unlock new technologies for a prosperous future. The golden age starts now."   https://x.com/Scott_Bessent/status/1884014609872609669  

Henig:  Here's your bill submitted in Congress that intends to repeal the Federal Income Tax:

H.R.25 - To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States.

Sponsor:Rep. Carter, Earl L. "Buddy" [R-GA-1] (Introduced 01/03/2025)Committees:House - Ways and MeansLatest Action:House - 01/03/2025 Referred to the House Committee on Ways and Means.  

(All Actions)Tracker: Tip

This bill has the status Introduced

Here are the steps for Status of Legislation:

Introduced

Passed House

Passed Senate

To President

Became Law

Summary: H.R.25 — 119th Congress (2025-2026) A legislative analyst in the Congressional Research Service will begin analyzing this legislation after text becomes available. https://www.congress.gov/bill/119th-congress/house-bill/25

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Clare:  World Bank official pledges to Sudani to finance several oil, energy and infrastructure projects

1/28/2025

The Minister Mohammed Shia al-Sudani called on Tuesday on the World Bank's Vice President for the Middle East and North Africa, Osman Dayon, to enhance the experience of economic reforms that support the private sector, while Dayon pledged the bank's financing of a number of oil, energy and other infrastructure projects.

The Prime Minister's media office said in a statement received by Shafaq News Agency that Al-Sudani received Dayon and discussed ways of cooperation between Iraq and the World Bank, and the progress of development projects in Iraq.

The Prime Minister pointed out that development projects that aim to maximize the non-oil economy and contribute to job creation are a priority for government attention, stressing the continuation of economic reforms that support the private sector, and that the World Bank is called upon to enhance this experience.

Al-Sudani explained that the government considers the World Bank an important partner in the reform process, and that the Ministerial Council for the Economy has approved the program that was approved by the Ministry of Planning in cooperation with the World Bank, especially since the results of the reform steps in the customs and tax fields have begun to appear in a tangible and positive way.

The meeting witnessed discussions on financing the old railway rehabilitation project, and financing a number of other development projects, as Dayon pledged to finance a number of oil, energy and other infrastructure projects.

The International Finance Corporation (IFC)’s contribution to financing a number of private sector projects was also discussed, according to the statement.  LINK

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

Frank26  [Iraq boots-on-the-ground report]  FIREFLY: Mr Sammy said...issues with oil and gas will always persist until a new rate appears.  That's the only thing that will actually solve all this [disagreement between Baghdad and Kurdistan]   FRANK:  Yeah, that's absolutely right.  I agree.  All we need is the new exchange rate.  Everything else will iron itself out.

Militia Man   The US and the UK have some of the largest foreign currency in Iraqi dinar in the world outside of Iraq.  When you get worried about them doing things where you don't get any value...it's absolutely false.  The United States isn't going to throw away the trillions of dinar they have nor the UK.  Keep that in mind because that should alleviate some of the significant [fear] of folk thinking Iraq's reinstatement of their currency or giving it a real effective exchange rate isn't going to bring value, it surely will IMO.

51.8% Of Stock Trades Are Now Done IN DARK POOLS

Lynette Zang:  1-28-2025

In today's live we are talking about the recent update that over 51% of all stock trades are done on markets that do not publish trade data. Meaning that these trades are essentially done on a black market...

https://www.youtube.com/watch?v=ZYsfG_F-YAw

Oh Boy... (IS The DEBT MARKET ABOUT TO IMPLODE?) Maybe... And Here Is Why.

Greg Mannarino:  1-28-2025

https://www.youtube.com/watch?v=oUYJ6QzGkEI

Iraq Economic News and Points to Ponder Tuesday Afternoon 1-28-25

Between Economic Experts’ Warnings And Government Denial, The Value Of The Iraqi Dinar Is At Stake

Buratha News Agency512025-01-28   An informed government source denied, on Tuesday (January 28, 2025), that the Iraqi government has any intention to reduce the value of the dinar against the dollar, despite rumors indicating upcoming measures to confront economic pressures and challenges in the international market.

The source confirmed that "the news about the government's intention to reduce the value of the dinar against the dollar is absolutely incorrect." He added: "The government is working to stabilize the official exchange rate set by the Central Bank, and seeks to control the parallel market. Any change in the exchange rate during the current stage or within the 2025 budget schedules will lead to negative results, and that is why the government is committed to strengthening the current rate."

A Different Economic Vision

In contrast, economist Ziad Al-Hashemi believes that reducing the value of the dinar to 1,450 dinars against the dollar could be a possible step to deal with the repercussions of the economic crises. Al-Hashemi said: “This measure may reduce the financial pressure on the government and reduce the cost of supporting the dinar, but it will negatively affect citizens through deteriorating salaries and rising prices of goods and services.”

Al-Hashemi added: “Devaluing the currency may lead to increased inflation rates due to the loss of confidence in the dinar and the increase in demand for the dollar. This decision, despite its limited positive impact in the short term, will have long-term consequences on the markets and the lives of Iraqi citizens.”

The Political Aspect And Trump's Role

On the political front, political affairs expert Nabil Al-Azzawi pointed out that US President Donald Trump, who is expected to return to the White House, may change his policies towards Iraq. Al-Azzawi explained: “Trump, as an economist, realizes that politics is managed through economics. Despite the previous tense relations, indications are that he will deal cautiously with the Iraqi file.”

Al-Azzawi praised what he described as the "wisdom of Al-Sudani's government" in sparing Iraq political crises and international sanctions, considering that relations between Baghdad and Washington may witness positive development after activating the security agreement and strengthening mutual interests.

Between Denial And Warnings

With conflicting positions between government denial and economic warnings, it seems that the Iraqi government is facing a challenge in maintaining the stability of the currency and avoiding the negative repercussions of any ill-considered action.

While economic pressures are increasing, the Iraqi citizen remains the most affected by any change in financial policies.

This file resolves a delicate balance between government decisions and economic recommendations, to ensure financial stability and protect citizens from the repercussions of any decisions that may affect their daily lives.   https://burathanews.com/arabic/economic/455724

The exchange rate of the dollar against the dinar decreased in Baghdad and Erbil

 01/28/2025  Mawazine News – Economy  The US dollar exchange rates fell in the markets of Baghdad and Erbil, the capital of the Kurdistan Region, on Tuesday, with the closure of the country's stock exchanges.

The dollar prices also fell with the closure of the Al-Kifah and Al-Harithiya stock exchanges, recording 149,900 dinars per 100 dollars, while the prices were 150,350 dinars per 100 dollars this morning.

The selling prices in the exchange sector decreased in the local markets in Baghdad, where the selling price reached 151,000 Iraqi dinars per 100 dollars, while the purchase price reached 149,000 dinars per 100 dollars.

In Erbil, the dollar also recorded a decrease, where the selling price reached 150,000 dinars per 100 dollars, and the purchase price reached 149,900 dinars per 100 US dollars. https://www.mawazin.net/Details.aspx?jimare=259126

Al-Sudani: The Government Considers The World Bank An Important Partner In The Reform Process

Politics | 04:12 - 01/28/2025   Mawazine News – Baghdad   Prime Minister Mohammed Shia al-Sudani confirmed today, Tuesday, that the government considers the World Bank an important partner in the reform process.

The Prime Minister's media office stated in a statement received by "Mawazine News" that "Prime Minister Mohammed Shia al-Sudani received today, Tuesday, the Vice President of the World Bank for the Middle East and North Africa, Mr. Osman Dayon, where they discussed ways of cooperation between Iraq and the World Bank, and the progress of development projects in Iraq."

According to the statement, al-Sudani said that "development projects that aim to maximize the non-oil economy and contribute to job creation are a priority for government attention, stressing the continuation of economic reforms that support the private sector, and that the World Bank is called upon to enhance this experience."

He added that "the government considers the World Bank an important partner in the reform process, and that the Ministerial Council for the Economy has approved the program that was approved by the Ministry of Planning in cooperation with the World Bank, especially since the results of the reform steps in the customs and tax fields have begun to appear in a tangible and positive manner."

The Prime Minister's Media Office stated that "the meeting witnessed discussions on financing the old railway rehabilitation project, and financing a number of other development projects, as Dayon pledged to finance the bank for a number of oil, energy and other infrastructure projects. The contribution of the International Finance Corporation (IFC) in financing a number of private sector projects was also discussed."   https://www.mawazin.net/Details.aspx?jimare=259119

Economist: Central Bank Reserves Vary Between Dollars And Gold

2025/01/28 Read: 1,695 times   {Economic: Al Furat News} Economic expert Salah Nouri said today, Tuesday, that the reserve in the Central Bank consists of (the dollar, the euro, and gold priced at the London market price.

Nouri explained in his interview with {Euphrates News} that “the Central Bank’s policy aims to diversify the investment portfolio between the dollar and gold, as this portfolio is managed according to global variables.”

He pointed out that "the Central Bank has investments in the form of debt bonds in the US Treasury with acceptable interest rates."

Nouri continued, saying: “In light of the current international changes and US President Trump’s statements, the Central Bank may turn to gold as a safe haven.”

He added: "According to the Central Bank's announcements, the gold reserve is considered a safe level, in addition to the dollar reserve, which can help maintain economic stability."

Regarding the economic challenges, Nouri pointed out that "the difficulties that Iraq may face are related to the financial policy managed by the Ministry of Finance, as the decline in oil prices, the limitation of the quantity of exports, and the problems with the region lead to a decrease in the ministry's revenues from oil sales in dollars, in addition to the US Federal Reserve's policy that transfers the dollar to the Ministry of Finance."

"These difficulties in financial policy negatively affect the monetary policy followed by the Central Bank of Iraq," Nouri added.   LINK

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

Millionaires Live by These Rules To Build Wealth

Millionaires Live by These Rules To Build Wealth — Experts Explain If They’ll Work for You

Angela Mae   Mon, January 27, 2025  GOBankingRates

There’s an estimated 24.5 million millionaires in the United States. That’s a relatively small percentage of the country’s population, but it’s also not zero — meaning it’s very possible for more people to achieve “millionaire” status. It’s all about being strategic and intentional with your money and financial decisions.

If you’ve decided to truly pursue the goal of becoming a millionaire, you might be wondering how to get started. What types of rules do millionaires — especially self-made ones — follow to build (and maintain) their wealth?

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

Here’s the answer, according to a Forbes article, and how well the average person can follow those rules to do the same, as per the experts.

Pay Yourself First

Building wealth can take a while, but you can get yourself on the right path by prioritizing saving money before you prioritize spending it. In other words, pay yourself first.

According to the Forbes article, you should be saving 20% to 30% of your total income. This means you should save $20,000 to $30,000 for every $100,000 you make. You can do this based on either net or gross income, but gross will result in greater savings potential.

“By prioritizing savings and investments before any discretionary spending, individuals ensure that they are consistently building wealth,” said Shirley Mueller, founder of VA Loans Texas. “The earlier you begin this habit, the more time your money has to grow, particularly through the power of compound interest.”

Live Below Your Means

Millionaires stay millionaires not because they flaunt what they have or spend their money with abandon, but because they live below their means. But they become millionaires because they also think big.

This means spending less than you earn, which could entail eliminating those unnecessary expenses or reevaluating your budget. And it means dreaming of — and planning for — a bigger future.

“Resist the urge to splurge! Once of the most common financial mistakes people make is to drastically increase their expenses as soon as their income increases,” said Melissa Murphy Pavone, founder at Mindful Financial Partners.

“Avoid the urge to spend more as you make more. Instead save more. Invest the difference. As you get a raise, give yourself a raise. Increase your 401(k) contribution. Add to your emergency fund. Your future self will thank you.”

Be Strategic With Debt

TO READ MORE:   https://www.yahoo.com/finance/news/millionaires-live-rules-build-wealth-210100915.html

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 1-28-25

Good Morning Dinar Recaps,

ARIZONA SENATE COMMITTEE APPROVES STRATEGIC BITCOIN RESERVE BILL

Arizona's move to explore digital asset investments, like Bitcoin, signals a growing trend among states to diversify public funds.

▪️Arizona's Senate Finance Committee approved a bill allowing public funds to invest in Bitcoin.

▪️The bill permits investment of up to 10% of public funds in virtual currencies like Bitcoin.

Arizona lawmakers have advanced a bill allowing public funds to invest in Bitcoin and other digital assets, with the state Senate Finance Committee approving the measure in a 5-2 vote on January 27.

Co-sponsored by Wendy Rogers and Jeff Weninger, the proposed legislation, known as SB1025 or “Arizona Strategic Bitcoin Reserve Act,” allows the state to invest up to 10% of public funds, including those held by the state treasurer and retirement systems, in virtual currencies like Bitcoin.

The bill also includes provisions for storing digital asset holdings in a secure segregated account within a potential federal Strategic Bitcoin Reserve if the Secretary of the Treasury establishes a strategic Bitcoin reserve for government holdings.

The US Senate on Monday also confirmed Scott Bessent as Treasury Secretary on a vote of 68 to 29, with bipartisan support. As a supporter of Trump’s economic policies, Bessent opposes a central bank digital currency and is seen as pro-Bitcoin.

Following its passage through the Finance Committee, Arizona’s Bitcoin reserve bill now moves to the Senate Rules Committee, which will set parameters for floor debate and amendments. If approved by the full Senate, the measure will proceed to the House of Representatives.

According to Dennis Porter, CEO and co-founder of the Satoshi Action Fund, Arizona is the first state to have a bill specifically focused on creating a Bitcoin reserve pass through a legislative committee.

If this bill becomes law, Arizona would be the first state to officially invest public funds in Bitcoin.

As of Jan. 27, eleven states have introduced their respective Bitcoin reserve bills, according to Porter. He noted in a separate post, "I can confirm that at least 15 states will introduce ‘Strategic Bitcoin Reserve’ legislation. Maybe even 16."  He also noted, "As a reminder, only 3 months ago this number was zero."
@ Newshounds News™

Source:  CryptoBriefing

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U.S. CRYPTO RESERVES SHOULD INCLUDE XRP TOO: RIPPLE CEO GARLINGHOUSE

▪️Ripple CEO advocates for a U.S. crypto reserve to include Bitcoin and other tokens.

▪️Brad Garlinghouse calls for collaboration, not competition, within the crypto industry.

▪️Bitcoin supporters argue only Bitcoin should be included in the U.S. crypto reserve.

Brad Garlinghouse, the CEO of Ripple, has stirred up the conversation around the U.S. government’s plans to create a national digital asset reserve.

While some Bitcoin supporters argue that only Bitcoin should be included, Garlinghouse believes that the reserve should be more inclusive, featuring Bitcoin alongside other cryptocurrencies like Ripple’s XRP. His bold stance challenges the status quo and raises important questions about the future of digital assets.

Brad Garlinghouse thinks collaboration, rather than competition, is the key to crypto’s success.

A Vision for Crypto’s Growth

Garlinghouse’s main message is that the cryptocurrency industry can thrive more if different cryptocurrencies work together instead of competing against each other. In a recent tweet, he pointed out that focusing on one cryptocurrency over others is not the way forward. He believes success in the industry will come through collaboration, not rivalry.

He stressed that the crypto market should not be a “zero-sum game,” where the success of one digital asset means the failure of another. Garlinghouse, who owns multiple cryptocurrencies, including XRP, Bitcoin, and Ethereum, wants a fairer playing field where all digital assets can succeed.

Why a Diversified Digital Reserve Matters

Garlinghouse believes any government-backed digital asset reserve should be diversified.

“If a government digital asset reserve is created, I believe it should be diversified. It should include more than just one token, whether it’s BTC, XRP, or any other.”

Ripple has been actively working with U.S. regulators to ensure XRP is part of the conversation about digital asset reserves. Garlinghouse believes that having a balanced reserve will help grow the cryptocurrency industry as a whole, benefiting more than just Bitcoin.

Bitcoin Supporters Push Back

Garlinghouse’s suggestion has faced criticism from some Bitcoin supporters. Pierre Rochard, Vice President of Riot Platforms, argues that Bitcoin’s decentralized nature makes it the only suitable cryptocurrency for the reserve. He also believes Ripple is lobbying to get XRP included.

Ryan Selkis, CEO of Messari, shares this viewpoint, stating that Bitcoin’s unique features make it a better fit for the reserve than other cryptocurrencies.

As the U.S. government considers creating a national digital asset reserve, the question remains: will it include only Bitcoin, or will it be open to other cryptocurrencies, as Garlinghouse suggests? This decision could have a big impact on the future of the crypto industry.

@ Newshounds News™

Source:  CoinPedia

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Economist’s “News and Views” 1-28-2025

MARKET WARNING Issued as Valuations Explode Signaling Collapse is THIS CLOSE

Taylor Kenny:  1-28-2025

The stock market is on the brink of collapse as the CAPE ratio signals extreme overvaluation, nearing levels not seen since the dot-com bubble.

With margin debt at record highs and speculation fueling the market, the fallout of the inevitable crash could be devastating.

Learn why this bubble is unsustainable, what history tells us about past crashes, and how you can prepare to protect your wealth today.

CHAPTERS:

00:00 - The Stock Market's Dangerous Overvaluation

00:38 - Historical Context of Market Returns

01:13 - Explaining the CAPE Ratio

 03:00 - The Danger of Overvaluation Today

 03:35 - Debt-Fueled Speculation Driving Growth

 05:08 - The Role of Margin Debt

06:40 - Lessons from the Dot-Com Bubble

 07:06 - The Everything Bubble: What’s Next

 08:12 - How to Prepare for the Crash

https://www.youtube.com/watch?v=zLZ6Mw7_3PI

Central Banks are Selling US Treasuries and Buying Gold Instead

Heresy Financial:  1-27-2025

TIMECODES

00:00 China, Japan & the U.S. Dumping Treasuries

 00:24 U.S. Treasury’s $36 Trillion Debt Explosion

 00:53 The Fed’s Balance Sheet Reversal (Opposite of QE)

02:02 China & Japan Unloading U.S. Debt Holdings

 02:30 Fed’s Share of Total Debt Near Historical Norms

03:24 Central Bank Gold Buys vs. Treasuries

04:49 Why Gold Prices Surged 35% This Year

05:53 Stocks vs. Bonds: S&P Earnings Yield vs. 10-Year

 07:03 Higher Rates & the Crowding-Out Effect

 08:35 The Next Phase of the Long-Term Debt Cycle

09:30 “11th Century Stocks”: Building a 100-Year Portfolio

09:46 Closing Thoughts

https://www.youtube.com/watch?v=Can_5smdMt4

China did Unthinkable to the US and Wiped $1Trillions of the US market: What’s Next?

Fastepo:  1-28-2025

https://www.youtube.com/watch?v=0OINGWWMUIk

Coffee with MarkZ and special guest MustangMedic. 01/28/2025

Coffee with MarkZ and special guest MustangMedic. 01/28/2025

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

Member: Good Morning Mark, Mods and fellow RV’ers

Member: It is truly a beautiful time to be alive, and beautiful things just around the corner

Member: We are into a new beginnings….. will the RV be among them?

MZ: It’s still quiet on the bond and group side. I did get a check in from a Freedom Group (PP) saying one of their leaders have started updating. I have had other contacts from that Prosperity Package saying they were also asked to update their contact information. I found that very positive.

MZ: In Iraq there is a ginormous fight over the budget.  “Parliamentary Finance: Parliamentary pressure on the government to send 2025 budget tables”  There is also unusual international pressure to get it done. Especially from the US. We never seemed to be concerned about this the last 15 years….and now suddenly we are concerned that they pass a budget.

MZ: “ The region demands more dollars-and the center and the south rise up and refuse to pass the budget”   We had seen articles like this in Kuwait just before they released their RV. The same back and forth in articles….and Kuwait said they were not going to increase the rate for 6 months the same exact day they released it….China and Germany did the same thing

MZ: I was told that there is so much pressure and Iraq has agreed to settle in the next 3 days….. also they have a team already in Baghdad from the Kurdish region with great hope to settle this debate on the budget tables and know this budget out.  

Member: I am sure enjoying all the rumors that the Federal Reserve and IRS may be going away….and income taxes…..those would be such a huge help to all US citizens.

Member: Yes, he is (replacing IRS with ERS--External Revenue Service -not Internal)

Member: and our new Treasury secretary said in a post yesterday “I’m committed to eliminating income taxes, replacing them with a fair consumption tax, and adopting a gold-backed currency. We’ll erase debt, restore financial privacy, and unlock new technologies for a prosperous future.”

MZ: I saw that and I am ready for a fair consumption tax. …and no income tax….That would be a great thing.

Member: I wonder what are the odds are that these new tax laws take affect prior to April 15?

Member: I heard the Scott Bessent post was not on a verified account and the account has since been taken down….best to consider it a rumor for now.

Member: Any of the Old RVers Remember Nick Fleming he used to say before he passed away in 2023 back in the Fall 2022 that the RV would go in February. We just didn't know which one.

​​Member: On 4 March 2025 President Trump will give the State of the Union Address before Congress. It was 236 years ago on 4 March 1789 the first meeting of the US Congress under the new Constitution was held.

Member: Hope everyone has a great day today!

Member: May your hope and dreams of a better day come to pass.

Mustang Medic joins the stream today. Please listen to the replay for his thoughts 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

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

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

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=I87gi_3gu6w