“Tidbits From TNT” Sunday Morning 2-2-2025

TNT:

Tishwash:  Iraqi Parliament Approves First Amendment to General Budget Law for 2023-2025

The Iraqi Parliament voted, on Sunday, on the draft law of the first amendment to the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023 - 2024 - 2025) No. (13) of 2023.

For his part, independent MP Ahmed Majeed announced in a statement to Shafaq News Agency that members of the House of Representatives from the central and southern governorates boycotted the parliament session held today, considering that voting on the budget is "a violation of the law and the internal regulations of the council due to the lack of a legal quorum."

Majeed explained that "the number of representatives present does not exceed 140 representatives, which means that the quorum is not achieved," stressing that they doubt the legitimacy of the session.

He added: "We will file an appeal with the Federal Court against the House of Representatives for violating the law and proceeding with the vote on amending the budget law."

The Iraqi Council of Representatives held its fourth session of the first legislative term of the fourth legislative year a short while ago, headed by the First Deputy Speaker of the Council, Mohsen Al-Mandalawi, with the attendance of 176 representatives, and the boycott of about 50 representatives.

A parliamentary source told Shafaq News Agency, "The representatives of the Central and Southern Front boycotted the session in protest against the amendment of the budget law. The number of representatives of the Front is about 50 representatives, most of whom are independents."

The representative of the Central and Southern Front, Raed Al-Maliki, said during a press conference held in the parliament building with the participation of the representatives and attended by a Shafaq News Agency correspondent, "We are a group of representatives from the central and southern governorates who boycotted the parliament session on Sunday because of the paragraph amending the budget law."

Al-Maliki added, "We requested that there be a joint administration with the regional government, and that companies be obligated to review contracts, and that other articles be reviewed, including Article 14 of the budget law, in addition to other articles and the deficit in the budget law."

He stressed, "Our demands relate to implementing the rights of the central and southern governorates and financing the government contracting expenses of companies contracting with local governments."

Parliament Speaker Mahmoud Al-Mashhadani, who is currently visiting the Iranian capital Tehran, announced before his departure that Parliament will approve today, Sunday, amending the general budget in accordance with the text sent by the Council of Ministers.

Earlier today, the Coordination Framework, which brings together Shiite political forces, revealed the existence of a political agreement to pass the amendment to the budget law during the session of the Iraqi parliament scheduled to be held today.

The representative of the framework, Mohammed Radhi, told Shafaq News Agency, "There is a political agreement to pass the amendment to the budget law during today's session, as the text of the amendment was mentioned by the Iraqi government. There is a political and parliamentary will and desire to support the government's steps to resolve the differences with the region."

Radi added, "The agreement to pass the amendment to the budget law came in order to push the government to expedite sending the 2025 budget schedules, as no one wants to disrupt this budget, to prevent obstructing the construction and reconstruction process, and launching many strategic and important projects during this year."

The Finance Committee of the Iraqi Council of Representatives announced yesterday, Saturday, that the Council of Representatives will vote in today’s session, Sunday, on the government’s proposal to amend Article 12 of the General Budget Law.

The draft amendment to Article 12 of the Budget Law includes two paragraphs, the first of which relates to the costs of producing and transporting the Kurdistan Region’s oil after determining the actual estimated costs through the advisory body.”

As for the second paragraph, it stipulates that if the federal and regional governments do not agree on the costs of production and transportation, the Ministry of Oil shall choose a party to determine those costs, and as a result the cost of extracting oil from the oil fields in the region shall be calculated.

In June 2023, the Iraqi Parliament voted on the draft general budget law for the fiscal years (2023, 2024, 2025). link

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Tishwash:  Economist: The Iraqi market is centralized and 40 investment laws need to be reviewed and amended

Economic expert Abdul Rahman Al Mashhadani confirmed today, Friday, that the problem facing foreign investors in Iraq is not limited to the security and political situation only, but rather it is a complex problem.

Al-Mashhadani added to Al-Furat News Agency that "talking about attracting investments is not limited to a specific region, but rather depends on the general situation in the country." 

He explained that "the investment climate in Iraq requires several factors, including the political factor and the conflict between the blocs, in addition to the investment laws that need to be reviewed, as their number has reached about 40 laws."

He pointed out that "there are paragraphs in these laws related to the economy in general."

Al-Mashhadani pointed out that "the Iraqi government is moving towards a capitalist economy and following a market economy according to the principle of supply and demand, which means that the government cannot interfere in all economic details."

He pointed out that "the current laws were enacted a long time ago, and are not compatible with the nature of the current stage."  link

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Tishwash:  Al-Sudani: Iraq's debts have fallen to their lowest levels and investments have exceeded 60 billion dinars

Prime Minister Mohammed al-Sudani said on Saturday, February 1, 2025, that Iraq's external debts have fallen to their lowest levels, noting that foreign investments in Iraq have exceeded 60 billion dinars.

The International Monetary Fund  warned  in a report of a doubling of debt in Iraq, through an increase in the deficit, as it expected “the public finance deficit to reach 7.6% in 2024 and to widen further after that with the expected gradual decline in oil prices in the medium term,” leading to “a near doubling of public debt from 44% in 2023 to 86% by 2029.”

Al-Sudani's media office stated in a statement seen by "Ultra Iraq" that "he opened the 48th Baghdad International Fair this evening, Saturday, with the participation of (1250) companies, in various specializations, representing 22 Arab and foreign countries."

He also "delivered a speech in which he welcomed the representatives of the companies and entities participating in this year's session, which witnessed the return of companies that had been absent from previous sessions, which is an important addition to establishing productive and promising partnerships and stronger cooperation that enhances facing challenges and draws a map of economic growth."

Al-Sudani said, "The real standard for success is the citizen's satisfaction and positive interaction with what the executive service apparatus provides, in addition to economic reform," indicating that "Iraq is heading towards the widest urban movement in the field of housing, and work has begun within the new city projects to reach approximately one million housing units."

He added: "We announced a project to add 15-20 thousand megawatts of electricity production to the national grid, and raise production to the highest levels in meeting the demand for energy." He also said: "We worked to achieve actual participation in clean and renewable energy production projects after it was just talk and statements."

He continued: "After implementing the reforms, foreign investments coming to Iraq exceeded 60 billion dinars, which is a clear indication of the reassurance of capital," and "the government provided a business-friendly investment environment, and legal and moral protection enjoyed by investors and companies operating in Iraq."

He pointed out to "building understandings and agreements with international partners and global financial institutions, and granting sovereign guarantees to the private sector to establish a strategic partnership with industrial countries and major economies," stressing that "the government's steps contributed to consolidating the position of the Iraqi economy, raising the level of credit confidence internationally, and reducing external debt to its lowest levels."

He explained that "the people's project development path will be the most effective to link Asia and Europe, passing through Iraq and the Middle East," and that "the door is open to everyone to contribute to the development path, and the opportunities that will be available on both sides for industrial economic cities and free trade zones."

Last year, Mazhar Muhammad Salih, Al-Sudani’s financial advisor, pointed out a “decrease in the amount of external debts due,” which appeared in the “allocations for external debt payments” in the 2024 budget compared to the 2023 budget schedules “with a difference of a decrease of more than one billion dollars,” due to “Iraq’s regularity in paying its external debts due annually, of which only about 20 billion dollars remain.”  link

Mot: . Um, FYI...

Mot: . Family Notice!!!!!!

Iraq Economic News and Points to Ponder Saturday Evening 2-1-25

Economist: The Iraqi Market Is Centralized And 40 Investment Laws Need To Be Reviewed And Amended

Time: 2025/01/31 19:48:47 Read: 2,055 times  {Economic: Al Furat News} Economic expert Abdul Rahman Al Mashhadani confirmed today, Friday, that the problem facing foreign investors in Iraq is not limited to the security and political situation only, but rather it is a complex problem.
Al-Mashhadani added to Al-Furat News Agency that "talking about attracting investments is not limited to a specific region, but rather depends on the general situation in the country."

He explained that "the investment climate in Iraq requires several factors, including the political factor and the conflict between the blocs, in addition to the investment laws that need to be reviewed, as their number has reached about 40 laws."

He pointed out that "there are paragraphs in these laws related to the economy in general."

Al-Mashhadani pointed out that "the Iraqi government is moving towards a capitalist economy and following a market economy according to the principle of supply and demand, which means that the government cannot interfere in all economic details."

He pointed out that "the current laws were enacted a long time ago, and are not compatible with the nature of the current stage."  LINK

Iraq Faces Crucial Economic Choices.. Will It Resort To Austerity?

Time: 2025/02/01 16:21:45 Read: 3,180 times  {Economic: Al Furat News} In light of the escalating economic challenges, Iraq finds itself at a financial crossroads that requires decisive decisions that may affect the future of public spending. With increasing pressures on financial resources and rising deficit levels, questions are increasing about the possibility of the government resorting to austerity policies to control the financial balance.

Economic expert Salah Nouri considered the austerity policy as an immediate solution that the government could resort to if the Ministry of Finance faces difficulty in providing liquidity due to risks including the decline in oil prices.

Nouri told {Euphrates News} that: "The Central Bank relies on providing liquidity in the Iraqi dinar as much as it has international reserves {gold, dollar, euro}; but this is specific to the Central Bank, which uses it to implement monetary policy to stabilize the dollar exchange rate by meeting external imports.

" He added, "This process went through several stages {currency auction, electronic platform, transfer through limited foreign banks} after the agreement with the US Federal Reserve."

Nouri continued, "As for the liquidity for the Ministry of Finance to implement the general budget, it depends on the amounts of oil revenues, as it buys the dollar at the current exchange rate approved in the budget {1310} dinars, and thus the decline in oil revenues makes it difficult for the Ministry of Finance to implement the federal general budget, and this is what the government is currently facing, represented by the Ministry of Finance."

He pointed out that "the Central Bank's reserves will be indirectly affected if oil sales revenues decrease, and in return, the unregulated import process continues, which the Central Bank meets with dollars, and will use part of the international reserve {the Central Bank's dollar stock}

 The economic expert believes that "the Ministry of Finance will face difficulty in providing liquidity due to the risks {the decline in oil prices, the amount of oil exports through OPEC Plus, problems with the region, the US Federal Reserve's strict policy and monitoring of dollar transfers}".

He noted that "the government resorted to an austerity budget by canceling unnecessary expenses and regulating other items as possible short-term solutions, but in the long term, which is supposed to be implemented for many years, supporting the agricultural sector to provide agricultural crops and basic food products; to reduce imports and provide hard currency, in addition to industrial production, whether through the government sector or the private sector."  LINK

Minister Of Commerce: The Government Has Adopted Strategic Projects And The Ministry Has Facilitated Procedures For Local And Foreign Investors.

Saturday 01 February 2025 | Economic Number of readings: 164  Baghdad / NINA / Minister of Trade Athir Al-Ghariri confirmed today, Saturday, that the government has achieved self-sufficiency in wheat and adopted strategic projects, while indicating that the ministry has facilitated procedures for local and foreign investors.

Al-Ghariri said in a speech during the opening of the 48th session of the Baghdad International Fair: "The government has achieved self-sufficiency in wheat."

He added, "We have facilitated procedures for local and foreign investors," indicating that "the government has adopted strategic projects." https://ninanews.com/Website/News/Details?key=1183214

"Investment - Development - Prosperity" .. The 48th Session Of The Baghdad International Fair Begins This Evening

Saturday 01 February 2025 | Economic Number of readings: 291  Baghdad / NINA / The activities of the 48th session of the Baghdad International Fair will start at six o'clock this evening, Saturday, in the capital, Baghdad, under the slogan "Investment - Development - Prosperity", with the participation of 20 Arab and European countries, and more than 1000 local and international companies, under the patronage of Prime Minister Mohammed Shia Al-Sudani and organized by the Ministry of Trade. The exhibition will continue daily until the seventh of February. https://ninanews.com/Website/News/Details?key=1183155

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

USD Devaluation Is Coming, Gold Repricing, Negative Rates, Monetary Reset & Deep Seek - Luke Gromen

USD Devaluation Is Coming, Gold Repricing, Negative Rates, Monetary Reset & Deep Seek - Luke Gromen

TFTC:  2-1-2025

Luke Gromen breaks down why the U.S. dollar faces massive devaluation and why negative rates are inevitable. He explains the mechanics of Treasury gold repricing from $42/oz, potential Bitcoin integration into Treasury markets, and how China's Deep Seek AI development changes global power dynamics.

The conversation covers impending financial system changes, from gold's role as a neutral reserve asset to the necessity of negative real interest rates for 2-3 years.

Gromen details how private markets are already adapting through Bitcoin-collateralized instruments and stablecoin Treasury requirements.

0:00 - Intro

0:59 - Tariffs

4:53 - DeepSeek

12:32 - Bessent's reset

17:19 - Fold & Bitkey

19:14 - Liquidity crisis and the big print

26:05 - Speculating on a deal with China

30:19 - Unchained

31:20 - Europe is losing

38:47 - Gold price and SBR

45:45 - History of gold's official price

 50:26 - Is the bandaid coming off soon?

 55:26 - Bitcoin-backed lending

1:02:04 - There's hope for cooler heads

1:13:29 - SAB 121 repeal

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

Iraq Economic News and Points to Ponder Saturday Afternoon 2-1-25

Dinar.. Currency and Symbol - Abdul Karim Ahmed Al-Zaidi

January 31, 2025   When a country has its own local currency that it uses in internal transactions, it is inevitably affected by external trade transactions, which require, through financial relations, dealing in foreign currency, which is what we call hard currency that we need in import operations and other financial payments for the various transactions of the country outside its borders.

For this reason, the importance of preserving the value of the local currency appears, and what is meant in our country is the Iraqi dinar with its equivalent value of hard currency in the external trade environment.

The responsibility for this process and preserving the value of the local currency falls on the Ministry of Finance, as it is authorized in these transactions in coordination with the Ministry of Trade and other bodies within its jurisdiction.

What concerns us here, considering that our country is still in dire need of supplying its people’s needs of materials, goods and local market requirements and its reliance on selling crude oil as an economic resource, is to maintain the value of the local currency and enhance its purchasing power against foreign currencies.

To be fair in our presentation of the subject, the Ministry of Finance has done its best in attempts to support the local currency and reduce its impact on the exchange of its equivalent in hard currency.

Perhaps the most prominent of these is offering the sale of hard currency in the financial markets at a price that competes with the inflation in the exchange rate of hard currency and monitoring the implementation of its instructions in the commercial dealings market in an attempt to stop the decline in the value of the local currency.

However, the situation, as it seems, does not represent an ideal solution to this situation after all commercial dealings and markets have become parallel to the exchange value. This matter requires a scientific and practical way out that preserves the value of the local currency and restores its prestige among foreign currencies and strongly fights all efforts to weaken its immunity and weaken its ability to compete again with other circulating currencies.

Perhaps Iraqis remember the market dealings with simple and metal money and small coins, which are not far away, and this is frankly what prompted me to review the history of the beginning of the birth of the Iraqi dinar in the year 1932, and after it was It was linked to the US dollar after 1959, so that each Iraqi dinar became equal to 2.8 US dollars.

It maintained its value until 1973, when it became equal to 3.37 per US dollar after the United States devalued its currency in 1972.

Unfortunately, the situation did not remain the same after Iraq devalued its currency, and the dinar remained in circulation equal to 3.2 per US dollar. It maintained its circulation until the Second Gulf War in 1991, despite the fact that the exchange rate of the Iraqi dinar on the black market was 3 dinars per dollar in late 1989.

I repeat that the supervisory authorities and the Central Bank of Iraq have a responsibility to work on finding a way out of this crisis and to overcome the weakness of the local currency with solutions that go beyond the short-sighted view that many financial and economic experts still resort to without any salvation, and to bring life back to the Iraqi dinar after a long period of slumber and weakness. LINK

Iraq's Dollar Reserves Exceed $100 Billion

Time: 2025/02/01 19:38:08 Read: 1,980 times  {Economic: Al Furat News} Economic expert, Basem Jamil Antoine, revealed Iraq’s dollar reserves.

Antoine told {Euphrates News} that: "The Iraqi gold reserve is good and it is preferable for the reserve to be larger than it is now and commensurate with the size of Iraq's dollar reserve, which currently amounts to more than 100 billion dollars."

He explained that "these assets must be converted into production in the economic and private sectors to create job opportunities for the unemployed and reduce poverty rates," stressing "the need for local reliance in production and not resorting to imports."

Antoine pointed out "the importance of converting surplus cash liquidity into a productive sector that is capable of protecting the country and providing food security in all sectors."

The economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed via {Euphrates News} Iraq's gold reserves, which are estimated at about 152 tons.

Salih explained that its approximate value in the country's foreign investment portfolio is about 14 billion dollars, which constitutes about 13% of the total diversification of that portfolio, which is distributed in standard proportions between other foreign currencies.  LINK

Central Bank Records Explosive Sales During The Week

01/02/2025  Mawazine News – Economy  The total sales of the Central Bank of Iraq of US hard currency exceeded one billion dollars during the days of the auction last week.

Mawazine News correspondent reported that the Central Bank sold during the past week and for the 4 days of the auction, one billion, 166 million, 384 thousand, and 363 dollars, at a daily average of 291 million, 596 thousand, and 90 dollars, higher than last week, when the average sales amounted to 294 million, 385 thousand, and 330 dollars.

The highest sales of the dollar were on Tuesday, when sales amounted to 299 million, 950 thousand, and 287 dollars, while the lowest sales were on Wednesday, when sales amounted to 283 million, 18 thousand, and 598 dollars.

Our correspondent indicated that foreign remittance sales during the past week amounted to one billion, 95 million, 234 thousand, and 363 dollars, compared to cash sales that amounted to 71 million, 150 thousand dollars.   https://www.mawazin.net/Details.aspx?jimare=259238

Dollar Prices Fall In Baghdad And Stabilize In Erbil With Closing

Saturday 01 February 2025 16:39 | Economic Number of readings: 189   Baghdad/ NINA / The dollar prices decreased in the markets of Baghdad and Erbil governorates with the closing of the stock exchange.

The dollar prices recorded a decrease with the closing of the Al-Kifah and Al-Harithiya stock exchanges to record 150,400 dinars for every 100 dollars, while the prices were 150,500 dinars for every 100 dollars this morning.

The selling prices in the field of exchange in the local markets in Baghdad reached 151,500 Iraqi dinars for every 100 dollars, while the purchase reached 149,500 dinars for every 100 dollars.

As for Erbil, the dollar recorded stability, as the selling price reached 150,250 dinars for every 100 dollars, and the purchase price was 150,150 dinars for every 100 dollars. https://ninanews.com/Website/News/Details?key=1183187

Al-Sudani: Iraq Is Fertile Ground For All Economic Dreams

Money and business  Economy News – Baghdad  Prime Minister Mohammed Shia Al-Sudani confirmed, on Saturday, that Iraq is fertile ground for all economic dreams, while indicating that the country is on the verge of the largest urban movement in the field of housing.

Al-Sudani said in a speech during the opening of the 48th session of the Baghdad International Fair, which was followed by "Al-Eqtisad News", "Today we open the 48th session of the Baghdad International Fair to be an addition that inspires hope and aspiration for productive and promising partnerships and stronger cooperation that enhances facing challenges and draws a map of prosperity and confident economic growth."

He added, "I welcome the representatives of 1,250 companies and entities participating in this year's session, which carries messages of communication and constructive partnership plans from 22 sisterly and friendly countries," indicating that "this year's exhibition is being held while Iraq is witnessing a continuous and active movement in every sector and detail of the economy, industry, agriculture, infrastructure, services and energy."

He continued, "We have completed more than twenty-seven months of connected and complementary plans and programs in order to bring about a tangible and clear change within the ceiling of expectations and ambitions carried by the honorable Iraqi citizen," adding, "We have stressed since the start of the government's work that the real criterion for success is the citizen's satisfaction and positive interaction with what the executive service apparatus provides, along with the deep-rooted and long-term economic reform."

He added: "We want the Baghdad Exhibition to be a forum for understanding and a meeting platform where opportunities, understandings and offers gather and companies study the available windows for contribution to the development movement in Iraq," stressing that "Iraq is heading towards the widest urban movement in the field of housing."

Al-Sudani said: "We have a promising and accelerating health sector that we have moved forward in by completing dozens of stalled hospital projects, in addition to adopting the method of joint management and operation and activating health insurance," noting that "foreign investments in Iraq have exceeded 60 billion."

He explained that "all of this comes in addition to building relationships, understandings and agreements with international partners and major global financial institutions," noting that "the strategic development path that extends from the port of Faw to the northern borders and Turkey is linked to the most effective and cheapest trade routes in management and operation, linking Asia and Europe through Iraq and the Middle East."   https://economy-news.net/content.php?id=52415

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

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 2-1-25

Good Afternoon Dinar Recaps,

BRICS CURRENCY: KREMLIN SAYS NO PLANS FOR A COMMON CURRENCY

According to the Kremlin, Russia and BRICS do not have plans for a common currency, contrary to previous reports. Following threats from US President Donald Trump to impose tariffs on the BRICS nation for creating such a currency, the bloc insists that no such plans exist.

Trump on Thursday warned BRICS member countries about replacing the U.S. dollar as a reserve currency by repeating a threat of 100% tariffs he had made weeks after winning the November presidential election. 

“The idea that the BRICS Countries are trying to move away from the Dollar, while we stand by and watch, is OVER,” the President said on Truth Social. 

“We are going to require a commitment from these seemingly hostile Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy.“

Kremlin Denies BRICS Currency Developments

However, Kremlin spokesman Dmitry Peskov says BRICS, of which Russia is a founder, was not talking about setting up its own currency, but merely about creating joint investment platforms. He added U.S. experts should brief Trump in more detail about what BRICS is doing.

BRICS has been in active discussions about developing its own common currency for years. The talks have become more concrete in the last year, with more nations joining in and interest in the bloc growing.

Despite the story of BRICS looking to overthrow the greenback, the bloc recently insisted it’s not pursuing de-dollarization. Peskov’s statement doubles down on this, saying that the bloc never wanted to abandon the USD altogether, simply providing an alternative for countries who have lost trust in the US currency.

More countries are ditching the US dollar for local currency alternatives as the greenback faces continuous pressure. Donald Trump’s tariff plan also stands to put the greenback in more jeopardy, isolating it from countries out East. While Trump is looking to save the US dollar from opposition, he could in turn be adding to the nation’s current economic rivals.

@ Newshounds News™

Source:  Watcher Guru

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XRP LAWSUIT NEWS: CAN ACTING SEC CHAIR MARK UYEDA DROP THE RIPPLE CASE?

▪️Ripple CEO Talks to Trump – Discussions heat up over XRP as a potential U.S. national digital asset reserve.

▪️Ripple Case Removed from SEC Website – What does this move indicate? Settlement rumors spark speculation.

▪️Acting SEC Chair's Role – Why it's unusual for an Acting Chair to drop Ripple's high-profile case.

The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has fueled widespread speculation about a potential settlement. Recent developments suggest that the resolution of this case could be closer than expected, with some pointing to key signs indicating a possible outcome.

Ripple’s CEO Talks to Trump About XRP as National Digital Reserve

One factor intensifying speculation is the revelation that Ripple’s CEO, Brad Garlinghouse, has had direct discussions with President Donald Trump regarding XRP as a potential U.S. national digital asset reserve. While the idea of XRP becoming a national reserve asset remains uncertain, the fact that such discussions are happening is seen as a major development.

Ripple Case Removed from SEC Website: What Does It Mean?

The recent removal of the Ripple case from the SEC’s website is also being widely discussed. While this move has sparked rumors about an imminent settlement, experts warn against reading too much into it.

Sherrie, a well-known expert in the XRP community, said that the SEC didn’t move the case; it’s actually been concluded and is now listed under Award Claims. Once the case was appealed, it received a new case number and can be found on the Court of Appeals website.

Challenges in Dropping the Case: Acting SEC Chair’s Role

When a user enquired about why acting Chairman Mark Uyeda has not yet dropped the case, she explained that it would be unusual for an acting SEC Chair to drop a high-profile case like Ripple’s. Normally, these big cases are handled by the official Chairman

It would be unusual for an Acting Chair to take such a liberty as to drop a high profile case such as Ripple’s. Generally these big cases are dealt with by the actual Chairman. Atkins has an estimated time of getting approved by the Senate around April, 
She Wrote.

@ Newshounds News™

Source:  Coinpedia

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CIRCLE’S USDC STABLECOIN OFFICIALLY GOES LIVE ON LAYER-1 CHAIN APTOS (APT)

Circle’s dollar-pegged stablecoin USDC has officially gone live on the layer-1 chain Aptos (APT).

Aptos’ native token, APT, is up on the news, surging by 5.5% in the past 24 hours.

The 38th-ranked crypto asset by market cap is trading at $7.91 at time of writing.

Coinbase, the top US crypto exchange, has already added Aptos-native USDC to its listing roadmap.

In November, Aptos first announced that it planned to integrate USDC, as well as the fintech giant Stripe’s payment services.

Stripe will provide a fiat on-ramp for the Aptos network. The payments firm reemerged in the crypto sector in October when it rolled out support for USDC settlements. It had previously enabled payments made using Bitcoin (BTC) until 2018, when the firm discontinued its support, citing BTC’s lack of utility as a payments rail.

Native USDC stablecoins are officially issued by Circle and are redeemable 1:1 for US dollars. USDC is the second-largest stablecoin with a market cap of more than $53 billion, second only to Tether’s USDT, which has a market cap of nearly $140 billion.

Despite its gains in the past day, APT remains down by more than 5% in the past seven days and more than 10% in the past month.

@ Newshounds News™

Source:  DailyHodl

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News, Rumors and Opinions Saturday 2-1-2025

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 fro the Restored Republic via a GCR: Update as of Sat. 1 Feb. 2025

Compiled Sat. 1Feb. 2025 12:01 am EST by Judy Byington

Judy Note: On Thurs. 30 Jan. 2025 the privately owned Fed officially (allegedly) dropped dead – with the privately owned IRS on it’s way to a shadowy grave – when the US Treasury withdrew from the Cabal’s Bankrupt Central Banks across the World.

For some time the new US Treasury has been (allegedly)located on an Indian Reservation near Reno Nevada, along with tons of gold collected from the Cabal since Trump took office in 2016 – all awaiting a Global Currency Reset – which was said to be on it’s way.

This week the Quantum Financial System was said to be fully operational for completion of that Global Currency Reset.

Judy Note: What We Think We Know as of Sat. 2 Feb. 2025:

On Fri. 31 Jan. 2025: The highest ranking official in the US Treasury, David Lebryk, resigned today rather than comply with a request by Elon Musk of the Department of Government Efficiency (DOGE), for access to an audit where the Treasury spent trillions a year. …Treasury official exits after DOGE request for payment systems access

On Fri. 31 Jan. 2025: Trump announced he is imposing tariffs on the European Union

Thurs. 30 Jan. 2025: U.S. Department of the Treasury Withdraws from the Network of Central Banks and Supervisors for Greening the Financial System. …Press Release, US Dept. of Treasury (In other words, the Fed is dead).

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Global Currency Reset and NESARA/GESARA Debt Jubilee:

According to JFK Jr. on Telegram:

Fri. 31 Jan. 2025 Wolverine: “I can’t say much, just that we are very close. Get ready.”

Last week JFK Jr. announced that The Plan had always been set for Feb. 2025. It was assumed that meant activation of the Quantum Financial System (Mon. 3 Feb. 2025 through Sun. 9 Feb 2015.) which would be accompanied by Ten Days of Worldwide Communication Darkness.

Thurs. 30 Jan. 2025: A late call from England indicated we are in for an awakening between now and Sun. 2 Feb. Two Iraqi doctors who practice in the state and were clients of mine have bank debit cards that reactivated at $4.75 per Dinar.

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

Mon. 3 Feb. QFS set to Activate Worldwide

Sun. 9 Feb. QFS set to become fully operational with intense military operations.

“In Aug. 2025 the U.S. Treasury will 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. On Wednesday, July 10, 2024 the Debt Jubilee was (allegedly) legalized by Trump. Citizens do not have to contact their debtor to ask for the Debt Jubilee. Watch for your new zero balance statement (allegedly) coming out sometime in August.” …JFK Awakening on Telegram

In Aug. 2025 during a Debt Jubilee, the U.S. Treasury announced they will (allegedly) send out a computer algorithm to each bank to zero out all mortgage debt, credit card debt, car debt and other debt balances.

Back on Wed. 10 July 2024 that Debt Jubilee was legally (allegedly) authorized for America by President Trump after he and JFK Jr. had been installed as President and Vice President of the new American US Republic. It was assumed that other nations participating in the Global Currency Reset would follow with their own Debt Jubilee.

Read full post here:  https://dinarchronicles.com/2025/02/01/restored-republic-via-a-gcr-update-as-of-february-1-2025/

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

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

Frank26  Donald Trump already sent his new Secretary of Treasury to Iraq.  Moments after he was signed in, Trump to his Secretary of Treasury, go see Sudani and Alaq at the CBI.  Lock yourself up behind closed doors.  Don't come home until mission is accomplished...It's close.

Bruce   [via WiserNow] President Trump sent our Treasury Secretary Scott Bessent...to Iraq to make sure that they got everything done – the new rate – and everything was ready to go from Iraq’s point of view... he was told...Don't come back until you believe it's done. So he's planning to fly back and be home to the states by noon Saturday...So I'm gonna say likelihood is good for us finally to come to an end of this ride.  We get notified as early as Saturday or Sunday, and then get started to exchange maybe on Monday or Tuesday...That's where we are right now...that's what I'm hearing.   

The Fed Just Admitted Defeat Against Inflation

Heresy Financial:  2-1-2025

TIMECODES

00:00 Fed Pause & Long-Term Rate Trends

01:16 FOMC Wording & Inflation Reality

02:38 Lessons from the 70s: Repeating Rate Mistakes

03:21 Fiscal Policy & Liquidity Drain

04:39 Quantitative Tightening & Market Volatility

 05:52 Natural vs. Neutral Rate Debate

07:45 Radical Proposal & Final Thoughts

https://www.youtube.com/watch?v=QexagT5HlPY

LIVE! "Invest In GOLD AND CRUDE OIL." Says The Wall Street SUPERBANK Goldman Sachs.

Greg Mannarino:  1-31-2025

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

Weekend Coffee with MarkZ. 02/01/2025

Weekend Coffee with MarkZ. 02/01/2025

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:  ​​CBD MATT AND LUCAS KICK OFF THE FIRST 45 MINS AND MARK GIVES THE NEWS UPDATE AT 10:30 AM

Member: Good Morning and welcome to another weekend and a new month.

Member: Tomorrow is Groundhog Day…….Would love to see our RV happen on it

Member: Maybe we're waiting to go when Punxsutawney Phil sees his shadow.?

MZ: I do have some Wealth managers/Redemption Center contacts at work today. I hope to hear what they accomplished later on today. Was it wealth management related or currency exchange related? If it’s anything good I will tweet it or truth it.

MZ: I have had some bond folks checking in and they are expecting spendable money between the 3rd and the 7th this coming week….. others are looking more towards the 11th or 12th. They could be after the reset….as all bonds do not go before…..that is what I was told.

Member: The Bond people really have been through it for a very long time...all that back and forth, this date and that date, you gotta to be tough to deal with all the back and forth, great is the reward!

Member: Mark, is the new Treasury Secretary in Iraq or is that a rumor?

MZ: I cannot find proof of Mr. Bessent on the ground in Iraq, but I can say factually that he has a team there……

MZ: on budget and salaries there was a breakthrough in Iraq and we hope to see the budget passed tomorrow. They tell us it will be put before parliament tomorrow . Many meetings as they pound through things.

​​Member: Mark, if they pass the budget with the new rate in it tomorrow, does REER automatically get posted on Forex?

MZ: They are kicking off the big expo in Iraq today – the 48th session of the Investment, development, prosperity Baghdad international fair . Happening today. Many are attending from out of the country including 1,000 from the US…

MZ: This will be a very big international fair for them .

MZ: “Regime change is Syria has Iraqi factions backtracking on push for US withdrawal”  Suddenly they want to work with America.

MZ: “ A battle against counterfeiters and money laundering: How does Iraq seek to protect the national currency?”  They print new bills with many more security features in it….. many countries around the world are telling us they are printing new bills with new security features. I think they are hiding the changes is plain sight.

Member: Hoping those new bills are the lower denominations in Iraq.

Member: Besides the concept pics of the New rainbow dollars, are there any pics of USN’s?

Member: I really hope we see them very soon.

Member: Lets kick this whole RV off this weekend!!!

​​Member: Plenty of people need the RV now. This weekend would be epic!

Member: Everyone keep your phones charged and hopes high ……we are very close.

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=bZROM43tvR8

A Global Economic Reset, is it Already Happening?

A Global Economic Reset, is it Already Happening?

Wealthion:  1-31-2025

The global economic landscape is shifting, and according to economist Simon Hunt, we might be on the precipice of a once-in-a-century reset.

 In a recent interview with Anthony Scaramucci on Wealthion, Hunt painted a stark picture of a world undergoing profound changes, driven by a rising BRICS alliance, escalating geopolitical tensions, and the potential for a significant market correction coupled with soaring inflation.

Are we, as Hunt suggests, on the cusp of an economic crisis mirroring the turmoil of the 1970s? Let’s break down the key talking points.

One of the most significant developments Hunt highlights is the growing economic and political clout of the BRICS nations (Brazil, Russia, India, China, and South Africa, with expanding membership). He argues that these emerging markets are actively working to dismantle the existing U.S.-led financial order.

This isn’t merely a shift in influence; Hunt posits it could lead to a fundamental restructuring of global power dynamics, potentially ending decades of U.S. economic dominance. The allure of a multipolar world, offered by the BRICS bloc, is gaining traction, particularly amongst nations seeking alternatives to the traditional Western financial infrastructure.

Central to this power shift is the ongoing struggle between the U.S. and China. Trade wars, sanctions, and escalating tensions are not just isolated incidents; they are symptomatic of a deeper battle for economic and geopolitical supremacy.

 This conflict, according to Hunt, is a key driver of global instability and contributes to the precarious economic environment we face today. The interconnectedness of these two economic giants means that any significant disruption in their relationship reverberates throughout the world.

Beyond the geopolitical arena, Hunt delivers a stern warning about the state of the stock market. He suggests that we could be staring down the barrel of a substantial correction, potentially ranging from 20-40%. This wouldn’t be a minor blip but a dramatic downturn that could significantly impact investors worldwide. He argues that current valuations are unsustainable, and a reckoning is inevitable given the underlying economic pressures.

Perhaps most concerning is Hunt’s prediction regarding inflation. He cautions that we could see inflation surge beyond 13%, mirroring the crisis of the 1970s.

This combination of high inflation and potential market instability creates a toxic cocktail, threatening to erode purchasing power and destabilize the global economy. Hunt connects this inflationary pressure to supply chain disruptions, geopolitical tensions, and the potential for a shift away from the dollar.

Further fueling the shift away from the existing order is the growing interest in gold, particularly from China. Hunt suggests that China’s ongoing accumulation of gold might indicate a desire to create a gold-backed currency, a move that would further challenge the dominance of the US dollar and significantly alter the global monetary system. Such a move would have profound implications for international trade and finance.

Despite the growing emphasis on renewable energy, Hunt emphasizes the enduring influence of oil as the world’s most critical commodity. He underscores that control over energy resources remains a key driver of geopolitical power and that fluctuations in oil prices continue to have a dramatic impact on the global economy. The ongoing energy battle, he argues, will be another catalyst for instability and further accentuate geopolitical tensions.

Ultimately, Hunt’s interview paints a picture of a global economy facing multiple, interconnected threats. Investors, he suggests, need to be vigilant and prepared for a period of heightened volatility. Key risks to watch include escalating geopolitical conflicts, further supply chain disruptions, increasing inflationary pressure, and, of course, the potential for a significant correction in the stock market.

Simon Hunt’s analysis on Wealthion provides a sobering perspective on the current state of the global economy. While not a prediction of inevitable doom, his warnings highlight the potential for a significant economic reset. The rise of BRICS, the U.S.-China power struggle, the threat of a market downturn, and the looming specter of resurgent inflation all point to a period of uncertainty and change.

Whether we are indeed witnessing a once-in-a-century event remains to be seen, but the issues raised by Hunt demand serious attention from investors, policymakers, and anyone concerned about the future of the global economy. The key is to be aware, informed, and prepared for the potential shifts ahead.

https://youtu.be/rnZ58Xzzrbg

Iraq Economic News and Points to Ponder Saturday AM 2-1-25

Are The Large Cash Reserves Really Reassured Or Hide A Future Financial Crisis?
 
Jan 30, 2025 Last update: Jan 30, 2025   Independent/- Despite the remarkable development in the monetary reserves of Iraq, where he ranked third in the Arab world for 2024 after Saudi Arabia and the UAE,  the economic situation in the country is still marred by ambiguity and questions, which makes these numbers a source of controversy instead of pride.

A comfortable number ... but what next?
 
Some sources have announced that Iraq has cash reserves estimated at about $106.7 billion, which is considered greater than the size of the exported currency.
 
It is assumed that this is considered a "wall" wall in front of potential crises, and gives positive signals to foreign investors. But the real question is:
 
Do these reserves really represent a real "stability"?
 
Do these numbers reflect the reality of the Iraqi economy?
 
Despite these figures, the Iraqi economy still depends excessively on oil as a major source of income, which exposes it to any fluctuations in global oil prices.
 
It is true that Iraq has good cash reserves compared to some Arab countries,
 
but most of its economic projects remain involved in unaccounted risks.
 
Can we really consider these reserves as an economic stability tool, while
 
     debts are still ongoing, and
     non-oil resources are almost non-existent?
 
Is Iraq ready to deal with future crises?
 
Although some experts, such as Dr. Nabil Al -Marsoumi, consider that critical precautions are great enough to finance internal projects and protect the Iraqi dinar,
 
it is not possible to ignore the fact that cash reserves are not the only solution to crises. As Imad Al -Muhammadawi indicated,
 
diversity in income sources will be the main factor for real financial stability.

Great allocations, where do you go?
 
With the allocation of 500 billion dinars for service effort projects, the most prominent question remains:
 
Will this money be optimized?
 
Iraq has beautiful numbers, but is this enough to stimulate sustainable development?
 
Or are these numbers only used in projects that are not concluded?
 
Controversy summary:
 
In the end, cash reserves remain mere numbers on paper unless they are translated into realistic economic policies that
 
     diversify income,
     reduce dependence on oil, and
     contribute to achieving real development that touches the lives of citizens.    
  
https://mustaqila.com/هل-الاحتياطيات-النقدية-الكبيرة-للعرا/    

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 2-1-25

Good Morning Dinar Recaps,

ARGENTINA WELCOMES COINBASE: A NEW ERA FOR CRYPTO IN LATIN AMERICA!

Coinbase receives regulatory approval to operate in Argentina, expanding its presence in Latin America.

Argentina's increasing crypto adoption and planned currency liberalization create a favorable environment for Coinbase's entry.

Coinbase's expansion aligns with international crypto collaborations.

In a major move, Coinbase has just secured approval from Argentina’s National Securities Commission (CNV) to operate as a Virtual Asset Service Provider (VASP). This marks a significant milestone in the exchange’s ongoing expansion efforts across Latin America.

Following its 2023 launch in Brazil, coinbase entry into Argentina signals a bigger push to cater to the growing demand for crypto solutions in the region. The goal is to strengthen user protection while complying with local regulations.

Argentina’s Growing Crypto Adoption

Coinbase reports that nearly 5 million Argentinians use cryptocurrency daily, with 76% of adults viewing it as a solution to issues like inflation and high transaction fees. Matías Alberti, a former fintech executive from Buenbit and Clara, will lead Coinbase’s operations in Argentina, helping to guide the company’s growth in the country.

With this approval, Coinbase is now able to offer a full range of services, such as buying, selling, transferring, and storing cryptocurrencies. This expansion strengthens Coinbase’s presence in Latin America, particularly in one of the region’s largest economies, further expanding its global reach.

Markets Get Competitive

Coinbase’s move into Argentina comes as the local market becomes increasingly competitive. Binance also registered in the country in October, while Argentina is preparing for significant changes. By 2025, the country plans to allow free currency circulation, which would include cryptocurrencies like Bitcoin for everyday transactions.

Coinbase’s launch in Argentina coincides with growing international crypto collaboration. In December 2024, Argentina and El Salvador signed an agreement to boost the crypto industry, paving the way for Argentina to become a key player in the global digital asset market.

As more countries open their doors to crypto, digital assets continue to be the buzz of the market. We’ll keep you updated!

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

EL SALVADOR PASSES NEW BITCOIN (BTC) LEGISLATION TIED TO NEW IMF $1,400,000,000 FUNDING DEAL: REPORT

The first country to use Bitcoin (BTC) as a legal tender has reportedly passed a new law that will scale back its crypto efforts.

Reuters reports that awmakers in El Salvador approved a bill to amend the nation’s Bitcoin law in compliance with a deal that the government struck with the International Monetary Fund (IMF).

In December, the government of El Salvador and a staff team from the IMF reached a deal for a $1.4 billion loan facility after agreeing that the Central American nation would allow businesses to decide whether they want to accept cryptocurrency payments.

El Salvador intends to use the fund to support economic reforms. The IMF says the arrangement under the Extended Fund Facility (EFF) will mitigate the country’s Bitcoin-related risks.

“The potential risks of the Bitcoin project will be diminished significantly in line with Fund policies. Legal reforms will make acceptance of Bitcoin by the private sector voluntary. For the public sector, engagement in Bitcoin-related economic activities and transactions in and purchases of Bitcoin will be confined.”

El Salvador’s congress, which is dominated by President Nayib Bukele’s New Ideas Party, approved the reform with 55 votes in favor and two against.

The agreement is still subject to the approval of the IMF Executive Board and conditioned on EL Salvador’s fulfillment of the terms.

@ Newshounds News™

Source:  DailyHodl

~~~~~~~~~

UTAH HOUSE COMMITTEE PASSES BILL FOR STATE TO BUY CRYPTO

The bill now needs to pass by majority vote in Utah’s House and Senate before being approved by state governor Spencer Cox, who appears to be pro-crypto.

A Utah House committee has passed a bill that would allow the state to invest a portion of public funds into crypto, with the measure now heading to the House for a vote.

@ Newshounds News™

Read more:   CoinTelegraph

~~~~~~~~~

SOUTH DAKOTA REPRESENTATIVE PROPOSES BITCOIN RESERVE BILLS

In what is a continuation of the ongoing trend in the United States, one South Dakota representative has proposed not one but two Bitcoin reserve bills. Indeed, state lawmaker Logan Manhart is seeking to make South Dakota one of many hoping to establish a strategic BTC reserve in their state.

The move has made South Dakota the 15th state to introduce a bill that would establish such a reserve, according to Dennis Porter. Moreover, one of the introduced laws would see the state allocate 10% of public funds to acquiring Bitcoin. Additionally, the state is looking to explore the leading cryptocurrency as a hedge against potential inflation.

@ Newshounds News™

Read more:  Watcher Guru

~~~~~~~~~

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The ‘Hermit’ Savings Rules & 8 Frugal Tips for Today’s Economy

The ‘Hermit’ Savings Rules & 8 Frugal Tips for Today’s Economy

Cindy Lamothe   Fri, January 31, 2025   GOBankingRates

When your personal finances combine with your personal space, your spending habits and savings account might be working a bit more harmoniously too. Consumer practices across the world have been altered significantly over the past few years — for obvious reasons and otherwise — in what economists have dubbed “the age of the hermit consumer.”

 “For ‘hermit’ consumers, it can be really easy to make impulse purchases and overspend because of how easy and convenient shopping online is,” said Carter Seuthe, CEO of Credit Summit Consolidation. “Something that can be helpful to maintain a more frugal budget is just to define your expectations and priorities when it comes to the amenities you have.”

Whether it’s how you approach your visit to the grocery store or price-matching your favorite online retailers, the how, when and where you swipe your credit card has simply changed. If you embrace the hermit lifestyle and prefer your saving and spending to be done in a vacuum, below are some expert frugal living tips to thrive in today’s economy.

Embrace a DIY Mentality

“DIY is my new favorite hobby,” said Andrei Vasilescu, co-founder and CEO of DontPayFull. “It’s cost-effective, and YouTube is a great teacher. About 50% more people are getting into DIY now.”

Syed Lateef, business coach and CEO of SyedBNB, agrees. “We can all see it,” Lateef said. “The focus has shifted towards a more home-oriented lifestyle, and I can personally say that more people are embracing do-it-yourself (DIY) activities.”

He said this is a good thing because mastering basic skills for home and car repairs can lead to considerable savings. Simply put, it’s better to invest your time than a third of your paycheck every time you need some general maintenance or repairs done.

“Nowadays, the hundreds of online tutorials and resources makes it easier than ever to learn and perform these tasks ourselves,” he said, “reducing the need to hire professionals.”

Save Money by Cooking at Home

“The driving force behind the hermit economy isn’t entirely clear,” Lateef said. He said it could be due to the lingering hesitation for close-contact services, the increase in remote work or a shift in social values. Instead of dinner and a movie out, you can now meal-plan and binge on your favorite streaming service.

“What’s obvious, though,” he said, “is that consumers are now more inclined to spend on home-centric activities.”

As a result, he said, many followers of the FIRE (financial independence, retire early) movement have come to realize that frequent dining out can be quite costly. So, frugal individuals are embracing the art of cooking at home, experimenting with budget-friendly and nutritious meals.

He added, “Hermit consumers save money but also encourage healthier eating habits.”

TO READ MORE:    https://www.yahoo.com/finance/news/hermit-savings-rules-8-frugal-140043078.html