Dinar Recaps 20 2/2/25 Dinar Recaps 20 2/2/25

Sunday “News and Views” Posted by KTFA Members 2-2-2025

KTFA:

Clare: Shafaq News publishes the first amendment to the budget law for the years 2023-2025

2/2/2025

Shafaq News Agency publishes the text of the first amendment to the Iraqi state general budget law for the years 2023-2025, which was voted on by the Council of Representatives in today's session, Sunday.

The Iraqi Council of Representatives held its fourth session of the first legislative term of the fourth legislative year this evening, Sunday, 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.

KTFA:

Clare: Shafaq News publishes the first amendment to the budget law for the years 2023-2025

2/2/2025

AMENDMENT TO THE BUDGET LAW LINK

Another_Mailman: I believe that today was the last big hurdle that needed to be settled! Imo, the budget was already "read" the necessary amount of times and should be passed within a week. Superbowl Sunday would be great, IMO!

Clare: THIS IS A MAJOR BREAKTHROUGH IMO. IT IS WHAT SUDANI WANTED AND HE MADE SURE IT HAPPENED TODAY! (THAT'S WHY HE HAD THOSE MEETINGS FRIDAY NIGHT.) IMO THIS IS GOOD FOR US!

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

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

2/2/2025

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

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

Clare: After approving the budget amendment, Shakhwan Abdullah announces containing the problem of Kurdistan oil and employees’ salaries

2/2/2025

The Deputy Speaker of the Iraqi Parliament, Shakhwan Abdullah, announced on Sunday that the problems facing the export of oil from the Kurdistan Region have been contained, after passing the amendment to the federal budget law.

Abdullah said in an interview with a number of journalists, including a Shafaq News Agency correspondent, that the budget amendment came after everyone reached this conclusion, and now there are no problems facing oil exports.

He added, "Accordingly, oil will be exported from the Kurdistan Region in the future, and our goal is to contain the problem of employees' salaries."

Abdullah expressed his thanks to all the blocs, with their various names, that voted in favor of the budget bill to resume the export of oil from the Kurdistan Region, considering it "an important step to reconnect the region to global markets."

Abdullah also said, "The decision to sell oil through SOMO removed all excuses for the federal government not to send the budget."

He added: "Despite some problems occurring during the session, everyone eventually reached a conviction to pass this project, because any amendment would have taken us back to square one, especially since this project involves three parties: the regional government, the federal government, and the oil companies."

Abdullah stressed that "there is no longer any obstacle to resuming oil exports," explaining that the project addresses issues related to oil revenues and the return of benefits to the Iraqi government and the Kurdistan Region, and also contributes to resolving disputes related to the region's salaries and oil delivery.

The agreement came after a series of meetings between the Kurdistan delegation and the Iraqi government, the last of which was last Friday.

The issue of salaries of Kurdistan employees tops the list of disputes between Baghdad and the region, especially after the decision of the Iraqi Federal Court last year obligating both the Prime Minister of the Federal Council and the President of the Kurdistan Regional Government to localize the salaries of employees and workers in the public sector in federal banks.

Baghdad confirmed its commitment to the decision, but stipulated the submission of lists of employees’ names, while the regional Ministry of Finance considered that “ambiguity surrounds how to deal with the list.”

The Kurdistan Region has been witnessing a financial crisis and a liquidity shortage since losing its most important financial resources due to the halt of oil exports to Turkey via the Ceyhan Port pipeline after Ankara's decision to stop the flow of crude following an international arbitration ruling requiring it to pay compensation to Baghdad for the damages it suffered.

In turn, the federal government faces the challenge of securing employees’ salaries due to the budget deficit rising to more than 64 trillion Iraqi dinars, while the size of the domestic debt reaches about 14.5 percent of the gross domestic product, according to official data. LINK

Clare: The Prime Minister sponsors the ceremony of handing over the key to Baghdad, the Arab Tourism Capital 2025

2/2/2025

Prime Minister Mohammed Shia Al-Sudani sponsored the ceremony of handing over the key to Baghdad, the Arab Tourism Capital 2025.

Last December, the Arab Tourism Organization chose Baghdad as the Arab Tourism Capital for the year 2025. LINK

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

Clare: Rafidain Bank announces the start of distributing retirees’ salaries for the month of February

2/2/2025

Rafidain Bank announced today, Sunday, the start of distributing retirees’ salaries for the current month of February through electronic payment tools.

The bank's media office said in a statement received by {Euphrates News}, a copy of which said, "The distribution of salaries for civilian and military retirees has begun."

He pointed out that "retirees who receive text messages can go to receive their salaries from wherever they are." LINK

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

Clare: Italy invites Sudani to sign economic agreements

2/2/2025

Prime Minister Mohammed Shia Al-Sudani received today, Sunday, the Italian Ambassador to Iraq, Nicolo Fontana, where His Excellency congratulated him on assuming his new duties, wishing him success in his work.

During the meeting, they discussed bilateral relations between the two countries and support for joint cooperation in various fields and sectors. The meeting also addressed developments in the region, especially the events in Syria and the ceasefire file in both Gaza and Lebanon.

The Italian Ambassador renewed the invitation to the Prime Minister to visit Italy and work on signing a strategic agreement between the two countries, similar to the two agreements signed by Iraq with France and the United Kingdom. LINK

DINARRECAPS8 2/2/25 DINARRECAPS8 2/2/25

Iraq Economic News and Points to Ponder Sunday Afternoon 2-2-25

As Part Of Its War On Counterfeiting, Iraq Enhances The Security Of Its Currency With Improved Marks And Printing New Banknotes

economy 11:47 - 2025-02-01 Today's News - Follow-up Attentions in Iraq are directed towards the efforts made to protect the national currency and enhance its economic security. In this context, the Central Bank of Iraq's disclosure of a set of modern security marks that have been added to the circulating banknotes comes as a qualitative step that reflects the keenness to keep pace with global developments in the field of currency printing and security.

As Part Of Its War On Counterfeiting, Iraq Enhances The Security Of Its Currency With Improved Marks And Printing New Banknotes

On January 19, the Central Bank of Iraq unveiled the security marks of the circulating banknotes, with the aim of educating the public, as well as companies and commercial banks that deal with these banknotes on a daily basis, reviewing these improved security marks, through a technical bulletin, in which it indicated the introduction of prominent marks on the new banknotes to enable the visually impaired to identify the banknote denominations by touch.

Mazhar Muhammad Salih, the economic advisor to the Prime Minister, confirmed in a statement followed by Al-Rasheed, that Iraq's decision to print a new currency is a natural decision that comes within the state's efforts to protect its national currency and enhance its security.

Salih explained that since the first issuance of the currency in 1934, Iraq has printed its currencies at the largest international printing companies, with the exception of the blockade period when the state was forced to resort to local printing.

He pointed out that Iraq still relies on the largest international companies specialized in printing currency, which are companies with a good reputation and high reliability and adhere to the highest international safety standards. He pointed out that this matter is of great importance to the economic security of Iraq and global security in general.

He added that Iraq reprinted its currency after 2003 with the largest international companies, including British and German companies. He explained that reprinting currency is a routine procedure that is carried out periodically to replace damaged papers and introduce new security improvements to the currency to protect citizens from counterfeiting and money laundering.

He stressed that these procedures come within the framework of the state's keenness to protect citizens' economic rights and ensure the stability of the Iraqi economy. He pointed out that the Central Bank of Iraq is the only body authorized to issue currency in accordance with the law, and there is strict security control over the printing and circulation process to prevent the entry of counterfeit currency into the country.

Saleh stressed that the cost of reprinting a single currency is very simple, not exceeding cents compared to its benefits, and that this procedure is an integral part of the policy of central banks around the world to maintain the stability of national currencies and protect national economies. https://today-agency.net/Details/33106

A Battle Against Counterfeiters And Money Laundering.. How Is Iraq Seeking To Protect The National Currency?

Posted on2025-02-02 by sotaliraq All eyes in Iraq are on the efforts being made to protect the national currency and enhance its economic security. In this context, the Central Bank of Iraq revealed a set of modern security features that have been added to the circulating banknotes as a qualitative step that reflects the keenness to keep pace with global developments in the field of printing and securing currencies.

On January 19, the Central Bank of Iraq unveiled the security features of the banknotes in circulation, with the aim of raising awareness among the public, as well as companies and commercial banks that deal with these banknotes on a daily basis.

It reviewed these improved security features through a technical bulletin, in which it indicated the introduction of prominent features on the new banknotes to enable the visually impaired to identify the banknote denominations by touch.

Battle Against Counterfeiters And Money Laundering

Mazhar Mohammed Salih, economic advisor to the Prime Minister, confirmed that Iraq’s decision to print a new currency is a natural decision that comes within the state’s efforts to protect its national currency and enhance its security.

Saleh explained that since the first issuance of the currency in 1934, Iraq has printed its currencies at the largest international printing companies, except for the period of the blockade when the country was forced to resort to local printing.

He pointed out that Iraq still relies on the largest international companies specialized in printing currencies, which are companies that enjoy a good reputation, high reliability and adhere to the highest international safety standards. He pointed out that this matter is of great importance to Iraqi economic security and global security in general.

He added that Iraq reprinted its currency after 2003 by the largest international companies, including British and German companies. He explained that reprinting the currency is a routine procedure that is carried out periodically to replace damaged papers and introduce new security improvements to the currency to protect citizens from counterfeiting and money laundering.

He stressed that these measures come within the framework of the state's keenness to protect citizens' economic rights and ensure the stability of the Iraqi economy. He pointed out that the Central Bank of Iraq is the only body authorized to issue currency in accordance with the law, and there is strict security control over the printing and circulation process to prevent the entry of counterfeit currencies into the country.

Saleh stressed that the cost of reprinting one currency is very simple, not exceeding cents, compared to its benefits, and that this procedure is an integral part of the policy of central banks around the world to maintain the stability of national currencies and protect national economies.

A Good Step.

Financial and banking researcher Mustafa Hantoush believes that the process of printing new currency to replace damaged ones or add to the market in exchange for real balances in international banks is a correct step.

Hantoush said that Iraq is continuing the process of printing local currency to be used in replacing the damaged currency that was originally issued or to be used in issuing a new currency for the first time in exchange for real balances in international banks, indicating that Iraq actually has an excellent balance of foreign currencies and gold and it balances them against any dinar that it prints and it is one of the best equivalents in the world.

He explained that the process of adding security signs to a new currency is a correct process and not a mistake; Iraq in any case needs a currency print to replace the damaged one, and if it has better security features, it is a good sign, especially since issuing the new currency, whether with new security signs or the same as the previous one, will be at the same cost, so there is no problem with it.

He stressed that the issue is not related to a radical change in the form of the currency, but rather it is the same currency but with better security specifications.

Iraqi parliament member Haitham Al-Zarkani stressed that the Central Bank’s talk about steps to issue a currency with security solidity is a commendable effort.

Al-Zarkani explained that any steps to make the Iraqi currency solid and globally accepted are of utmost importance, especially since the Iraqi currency is rarely used in neighboring countries due to the instability of exchange rates and the non-recognition of it by some Arab and European countries as a global currency.

Al-Zarkani attributed this weakness to cases of counterfeiting, noting that issuing a currency that takes into account security aspects and meets the needs of the visually impaired represents an important step on the security, humanitarian and economic levels at the same time, without wasting resources or diminishing the value of the Iraqi currency in global markets.

In 2018, the Central Bank of Iraq issued a second edition of banknotes in denominations (25,000, 10,000, 1,000, 500, 250), and in 2013, it introduced some technical and technological updates to the 2003 edition, except for the (50) dinar denomination, which was withdrawn from circulation in 2015.

At the end of 2015, it issued the (50,000) dinar denomination to complete the current series in circulation.

For his part, economic expert Safwan Qusay confirmed that the Central Bank is striving to make paper currency more secure and difficult to counterfeit and manipulate, by moving towards supporting the policy of financial inclusion and shifting to electronic transactions.

However, Qusay pointed out that the process of withdrawing and issuing money with a higher security force does not pose any risks, especially since the circulating monetary mass of 100 trillion dinars (about 76 billion dollars) is under the control of the Central Bank and there is no new issuance of the currency in a different form, but rather it is merely a replacement of the type of currency existing in the market.

Qusay added that this policy is followed in all countries of the world, as currencies require modern technologies to reduce the possibility of counterfeiting and forgery.

Regarding the Central Bank’s talk about using special inks to serve the visually impaired, the expert confirmed that there is a real interest in this category, and that the process of selecting international printing presses specialized in producing currencies is carried out with high precision to ensure their quality and safety, explaining that the process of caring for the visually impaired comes from the Central Bank’s keenness to meet the needs of all segments of society, and that this decision was not arbitrary, but rather came in response to a real need that the bank had identified in the market.

Qusay stressed that replacing or improving the quality of prints is in line with the Central Bank’s directives to all banks, and that this step will not affect citizens’ confidence in the currency in circulation, noting that the main focus currently is on achieving financial inclusion and enhancing the use of credit cards to ensure the speed and security of transactions and protect the local market from any external interference. LINK

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

DINARRECAPS8 2/2/25 DINARRECAPS8 2/2/25

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 2-2-25

Good Afternoon Dinar Recaps,

INDIAN CRYPTO HOLDERS FACE 70% TAX PENALTY ON UNDISCLOSED GAINS

India will impose tax penalties of up to 70% on undisclosed crypto gains as part of new regulations under Section 158B of the Income Tax Act.

Cryptocurrency traders in India may face significant tax penalties on previously undisclosed profits under new amendments to the country’s tax laws.

Cryptocurrencies will be included under Section 158B of the Income Tax Act, which reports undisclosed income, according to Indian Finance Minister Nirmala Sitharaman’s Union Budget 2025 announcement.

Good Afternoon Dinar Recaps,

The amendment allows cryptocurrency gains to be subject to block assessments if not reported, placing them under the same tax treatment as traditional assets like money, jewelry and bullion.

Crypto will fall under the definition of Virtual Digital Assets (VDAs), according to the new amendment, which states:

“Crypto asset has been defined in section 2(47A) of the Act under the existing definition of Virtual Digital Asset[…] A reporting entity, as may be prescribed under section 285BAA of the Act, will be required to furnish information of crypto asset.”

The new crypto tax proposition will be retrospectively applicable from Feb. 1, 2025.

At the end of December 2024, India’s Minister of State for Finance, Pankaj Chaudhary, said the government had found 824 crore Indian rupees ($97 million) in unpaid goods and service taxes (GST) by several crypto exchanges.

The report came a few months after Indian law enforcement agencies demanded 722 crore Indian rupees ($85 million) in unpaid taxes from Binance in August.

Crypto traders face up to 70% tax penalty on undisclosed crypto gains

As a sign of concern for cryptocurrency holders, Indian authorities may issue a tax penalty of up to 70% on previously undisclosed crypto profits.

This penalty may apply to crypto gains that remained undisclosed for up to 48 months after the relevant tax assessment year, according to the document, that wrote:

“70% of the aggregate of tax and interest payable on additional income disclosed in the updated income tax return [ITR].”

The amendments come two weeks after Bybit exchange suspended its services in India on Jan. 10, citing regulatory pressure as it continues to pursue a full operational license from India’s Financial Intelligence Unit.

Crypto tax laws are gaining prominence worldwide

Crypto tax laws gained increased interest worldwide in June 2024 after the US Internal Revenue Service (IRS) issued a new crypto regulation, which will make US crypto transactions subject to third-party tax reporting requirements for the first time.

Starting in 2025, centralized crypto exchanges (CEXs) and other brokers will start reporting the sales and exchanges of digital assets, including cryptocurrencies.

This decision could push crypto investors to decentralized platforms in a “paradoxical situation” that could make tax revenue harder to track, Anndy Lian, author and intergovernmental blockchain expert, told Cointelegraph.

Showcasing the crypto industry’s backlash, the Blockchain Association filed a lawsuit against the IRS in December 2024, arguing that the rules are unconstitutional because they include decentralized exchanges under the “broker” term, extending data collection requirements to them.

@ Newshounds News™

Source: CoinTelegraph

~~~~~~~~~

SOCIAL SECURITY NUMBERS ARE A PRIVACY LIABILITY

Hundreds of millions of SSNs have been leaked online already, but a privacy-focused identity solution could help fix the problem.

@ Newshounds News™

Read more: CoinTelegraph

~~~~~~~~~

UBS TESTS DIGITAL GOLD PRODUCT ON ETHEREUM LAYER-2 WITH INNOVATIVE BLOCKCHAIN SOLUTIONS

▪️UBS is testing a digital gold investment product using blockchain technology.

▪️The product offers fractional gold investment and real-time pricing features.

▪️This initiative highlights the integration of fintech and blockchain in finance.

Union Bank of Switzerland (UBS), the largest bank in Switzerland, has initiated trials for a digital gold investment product on the Ethereum $2,956-based ZKsync layer-2. The bank is testing gold trading operations using blockchain technology to enhance functionality on a global scale.

Trial Process and Product Details

The product being tested, UBS Key4 Gold, allows users to trade gold units on-chain. It provides individual investors the opportunity to invest in fractional gold while offering real-time pricing, deep liquidity, and secure physical storage options.

Blockchain Technology and Strategies

In this trial, UBS utilized the ZKsync Validium solution under a proof of concept (PoC) framework. The goal was to improve scalability, privacy, and interoperability, contributing to the product’s global expansion.

UBS Key4 Gold operates on a permissioned blockchain infrastructure known as the UBS Gold Network. This network connects vaults, liquidity providers, and distributors, ensuring technical support for the product. It is seen as a step toward the digitization of the gold market.

The testing process is considered significant for establishing a robust technical infrastructure for the product. Additionally, fluctuations in the ZK token price are being closely monitored within the context of market volatility.

The trial provides important insights into the digitization in the fintech sector and the application of blockchain technology in finance. Various technical tests and applications can serve as a guide for the product’s integration into global markets.

@ Newshounds News™

Source: CoinTurk

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link

Follow the Roadmap

Follow the Timeline

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

Dinar Recaps 20 2/2/25 Dinar Recaps 20 2/2/25

More News, Rumors and Opinions Sunday Afternoon 2-2-2025

TNT:

Clare: Iraq imports over 50 kilograms of gold daily: Ministry

Iraq imports between 50 to 75 kilograms of gold daily excluding the Kurdistan Region, the planning ministry said on Wednesday, adding that gold imports are only allowed through airports.

“50 to 70 kilograms of gold is imported daily through the airports,” Iraqi planning ministry spokesperson Abdul Zahra al-Hindawi told Rudaw.

The imported gold arrives through Baghdad, Basra, Najaf, and Kirkuk airports, according to Hindawi.

TNT:

Clare: Iraq imports over 50 kilograms of gold daily: Ministry

While the amount of gold imported does not include the Kurdistan Region, Hindawi said that the ministry has expressed its readiness to coordinate with authorities in the Region to organize the process and obtain accurate numbers.

Gold is also imported through Erbil and Sulaimani airports, both of which have a center for inspecting gold and expensive jewels.

Government regulations in Iraq only permit gold to be imported through the airports.

In late December, a gold inspection center was opened in Kirkuk airport, which authorized the import of gold.

Sheikh Mustafa Abdulrahman, president of the Kurdistan Region’s Importers and Exporters Union, told Rudaw in December 2023 that the Kurdistan Region has become the center of gold trade in the region. link

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

Tishwash: Iraq's dollar reserves exceed $100 billion

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

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

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

Frank26 The fact that Trump has sent his new Secretary of Treasury people along with the Treasury Secretary is gigantic. What do you think they're talking about, the Super Bowl next week? Of course not. They're talking about what they're about to do, to give [Iraqi citizens] purchasing power.

Militia Man Article: "Al-Sudani opens the 48th session of the Baghdad International Fair" The event is underway with 20 countries and up to 1,000... Iraq is looking for the international and Arab investors to come into Iraq. All of which are looking for doing business with assurances they can invest in a secure and stable economic environment...It has been openly stated they have that and will continue with the support of the international community noted by...the United Nations directly this week. This is very good to see.

Gold’s Historic Breakout: A Simple Breakdown of a Complex Collapse

VRIC : 2-1-2025

https://www.youtube.com/watch?v=hyC4LC65a4A

When Confidence Is Lost, HYPERINFLATION ENSUES

Lynette Zang: 2-2-2025

Today's video is about confidence, breaking down the stages of lost confidence, and how it effects you and your security!

https://www.youtube.com/watch?v=F7P0xm2REwA

Dinar Recaps 20 2/2/25 Dinar Recaps 20 2/2/25

States vs. IRS Battle Over Sound Money

States vs. IRS Battle Over Sound Money

Liberty and Finance: 2-1-2025

Amid growing economic uncertainty and a renewed focus on financial stability, a powerful movement is gaining traction across the United States: the push to recognize gold and silver as legal tender.

In a recent discussion on Liberty and Finance, host Dunagun Kaiser and Jason Cozens, CEO of Glint, delved into the intricacies of this burgeoning effort, exploring its potential impact on everything from capital gains taxes to the everyday use of gold as a transactional currency.

States vs. IRS Battle Over Sound Money

Liberty and Finance: 2-1-2025

Cozens revealed the strong grassroots support driving this initiative, emphasizing that it’s not just a fringe idea but a movement fueled by everyday citizens concerned about preserving their purchasing power. He also highlighted the significant involvement of key financial figures actively working to champion gold legislation at the state level.

This convergence of citizen advocacy and financial expertise is creating a powerful force for change.

The core of the argument, as explained by Cozens, lies in the state’s role in safeguarding its citizens’ buying power. In an era of volatile markets and fluctuating fiat currencies, the argument for sound money – historically anchored in precious metals – resonates with many.

By recognizing gold and silver as legal tender, states can empower their residents with a more stable and reliable form of currency, potentially better weathering economic storms.

Beyond serving as a store of value, the discussion also touched upon the practical implications of making gold a transactional currency.

Cozens drew attention to Glint, his company, which offers a platform for people to use gold-backed accounts for everyday purchases. This demonstrates the increasing feasibility of using gold beyond merely an investment asset, highlighting its potential to serve as a genuine form of money for daily transactions.

The conversation also explored the potential changes to gold-related tax policies and legislation. The recognition of gold and silver as legal tender could significantly impact how they’re taxed, particularly in regards to capital gains. This is a key factor that policymakers will need to address as the movement continues to gather steam.

The discussion concluded with a strong affirmation of the importance of sound money in a healthy economy.

With the potential for states to act as incubators for innovative financial practices, the movement to recognize gold and silver as legal tender is more than just a nostalgic throwback to a bygone era. It’s a forward-thinking approach aimed at protecting individuals’ financial well-being and fostering a more resilient economic future.

As the conversation illuminated, the quest for sound money is no longer confined to financial circles; it’s a growing demand echoing from Main Street, and state legislatures are starting to take notice.

The implications, as Kaiser and Cozens pointed out, could reshape the financial landscape as we know it.

https://youtu.be/rbDxDtdsapk

DINARRECAPS8 2/2/25 DINARRECAPS8 2/2/25

Seeds of Wisdom RV and Economic Updates Sunday Morning 2-2-25

Good Morning Dinar Recaps,

TRUMP-IMPOSED TARIFFS TO BEGIN TUESDAY AS MEXICO, CANADA ANNOUNCE RETALIATORY RESPONSE

▪️President Trump on Saturday signed an executive order imposing 25% tariffs on imports from Canada and Mexico, with a 10% tariff on Canadian energy and oil, and an additional 10% tariff on China.

▪️The implementation of the tariffs was delayed to Tuesday at 12:01 am.

▪️Mexico’s President Sheinbaum announced the country would implement both tariff and non-tariff retaliatory measures, while Canadian PM Trudeau said Saturday night Canada would implement 25% tariffs on a swath of American goods in response.

Good Morning Dinar Recaps,

President Trump on Saturday declared steep tariffs on all imported goods from Canada, Mexico, and China, setting the stage for a trade war with the U.S.'s largest trading partners.

Trump set the tariffs at 25% on Canada and Mexico, with a 10% carve-out for Canada's oil and energy exports, and a 10% tariff on all goods from China.

Though the tariffs were initially set to go into effect on Saturday, Feb. 1, the implementation was delayed to Tuesday, Feb 4, at 12:01 am. The tariffs will be imposed on top of any existing tariffs, and have been implemented in response to the flow of illegal drugs into the United States, according to the White House.

"The government of Mexico has afforded safe havens for the cartels to engage in the manufacturing and transportation of dangerous narcotics, which collectively have led to the overdose deaths of hundreds of thousands of American victims," a White House fact sheet states.

Mexico's President Claudia Sheinbaum was the first to announce retaliatory tariffs and non-tariff measures in response, in a post on X Saturday evening.

In the post, Sheinbaum proposed that the U.S. and Mexico establish a working group to combat criminal organizations, warned against using tariffs to solve problems, and forcefully denounced the White House's accusation that the Mexican government has alliances with drug cartels.

"I instruct the Secretary of Economy to implement Plan B that we have been working on, which includes tariff and non-tariff measures in defense of Mexico's interests," a translation of Sheinbaum's post reads.

The Canadian government will also levy counter-tariffs on American goods in response. Canadian Prime Minister Justin Trudeau said in an address to Canadians Saturday night that the country would implement 25% tariffs on a large swath of American goods. Trudeau also said that non-tariff responses affecting the energy sector were being considered.

The Canadian government's response may eventually include export tariffs on energy, Bloomberg reported Saturday, setting the stage for a critical trade war between the U.S. and its largest foreign energy supplier.

The price of energy factors heavily into the cost of mining Bitcoin in the U.S., which has an estimated 36% share of the global hashrate, according to mining firm Luxor.

The Block's GMCI 30 index of the top 30 crypto tokens by market cap is down about 4% over the past 24 hours as the market responds to Trump's executive order.

@ Newshounds News™

Source: The Block

~~~~~~~~~

ARGENTINA DESIGNS FORENSIC PROTOCOLS TO FIGHT CRYPTO CRIME

Argentina has designed and established identification and forensic protocols to guide security and police forces in standardizing their actions to fight crypto crime.

Argentina Establishes Forensic, Identification, and Seizing Protocols for Crypto Crimes

Argentina has taken another step toward empowering its public servants to fight crypto crime.

The Nation’s Security Ministry recently issued Resolution 117/2025, which describes the procedures that public servants, including police and federal security forces, must follow when dealing with digital assets possibly linked to crime.

The protocol, which Argentine authorities must now follow, seeks to standardize the necessary processes to prevent the loss or alteration of digital assets in official procedures.

In the same way, the resolution recognizes and identifies that cryptocurrencies are tools that are being used in money laundering and terrorism financing schemes.

Because of this, the Security Ministry has established the need to strengthen the research and tracking of these assets when they are involved in criminal activities.

With this move, Argentina jumps to the forefront of Latam regarding the treatment of crypto-related crime and recognizes the relevance of digital assets as money proxies.

And with a good reason: the country has been home to several high-profile crypto frauds affecting thousands, mostly related to investment fraud and Ponzi schemes.

The Security Ministry is aware of this crypto crime wave and has been preparing a suite of tools to combat it. In December, the ministry established that the security forces should prevent “unauthorized financial intermediation through the use of cryptoassets,” vowing to preemptively track possibly criminal behavior derived from their usage.

Argentine authorities scored major wins in crypto crime cases last year. In September, one of the first crypto seizures was executed in a money laundering operation that mixed phone smuggling activities and illegal online casinos.

Also, In December, Argentine law enforcement agencies requested the freezing of 3.5 million USDT linked to Rainbowex, an alleged Ponzi scheme. This marked the first time Argentine law authorities interacted directly with Tether in a criminal case, issuing an order for this objective.

@ Newshounds News™

Source: Bitcoin News

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link

Follow the Roadmap

Follow the Timeline

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

DINARRECAPS8 2/2/25 DINARRECAPS8 2/2/25

6 Life-Winning-Lessons From a “Who Wants to Be A Millionaire” Contestant

Who Wouldn’t Want to Be a Millionaire: 6 Life-Winning-Lessons From a “Who Wants to Be A Millionaire” Contestant

By Financial Imaginer

What would you do if you received a $ 1 million jackpot? How does it actually feel to receive a windfall? What to do with it and how could it impact your life in the short, medium and long run?

Let’s first think about what you could possibly do with a large financial windfall?

Who Wouldn’t Want to Be a Millionaire: 6 Life-Winning-Lessons From a “Who Wants to Be A Millionaire” Contestant

By Financial Imaginer

What would you do if you received a $ 1 million jackpot? How does it actually feel to receive a windfall? What to do with it and how could it impact your life in the short, medium and long run?

Let’s first think about what you could possibly do with a large financial windfall?

– splurge (Sir? The Lamborghini in same gold as the Maybach?)

– take a sabbatical and travel to exotic locations, sipping martinis all day long

– travel to Vegas (all or nothing)

– re-invest in lottery tickets

– buy a house and/or pay-off your mortgage

– invest all into Vanguard ETFs and draw an annual $40,000 forever (Trinity study, 4% withdrawal rate)

– keep calm and carry on

Here’s what a Financial Imagineer would do with a $ 1 million windfall:

Keep calm and carry on!

You find this hard to believe?

Looking through all the above options, this clearly appears to be the most boring choice. But hey, I’ve got a rather personal story for you guys today. Let me explain.

Once upon a time, I won a windfall myself.

I wanted to be a Millionaire.

We write the year 2001, my most crazy side-hustling days: During daytime, I was usually studying business administration and economics. Frequently, after sundown, you’d find me baking up to 200 pizzas each night at the first pizza home delivery franchise in my hometown. Saturdays, you’d find me advising clients at a bank counter and Sundays I’d be running the local polling station in our village.

Some wondered if I’d ever catch some sleep.

One evening, I was sitting on our couch watching the Swiss edition of “Who wants to be a Millionaire” on TV3. Somehow, none of the contestants ever seemed to make it past the first 10 questions. It got boring and frustrating. It quickly became painful for me to keep watching. I knew and appreciated the show from abroad and generally liked it because you usually learnt something while watching – infotainment. The entertainment value of the local version was rock-bottom. This tickled a nerve.

Instead of applying the ordinary way, I sent a feedback letter asking them to invite more suitable candidates in order to improve the infotainment value of their show. Little did I know that my written rant would be read and acted upon. Before I knew it, we – my then girlfriend and myself – got invited to participate as contestants at the TV show “Who Wants to Be a Millionaire”.

Turn sound on, click “play” and listen as you read on! https://www.youtube.com/watch?v=OYVAxLJE1ww

Dinar Recaps 20 2/2/25 Dinar Recaps 20 2/2/25

News, Rumors and Opinions Sunday AM 2-2-2025

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 2 Feb. 2025

Compiled Sun. 2 Feb. 2025 12:01 am EST by Judy Byington

Judy Note: What comes next? The Global Alliance tells us Ten Days of Darkness and a Global Currency Reset that puts all countries’ gold/asset-backed currencies on a 1:1 value with each other and back under control of The People.

Sat. 1 Feb. 2025 Project Odin=EBS …JFK Awakening Q17 on Telegram

This will release the NESARA/GESARA funds and then we the people will begin to rebuild. This event is truly biblical.

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 2 Feb. 2025

Compiled Sun. 2 Feb. 2025 12:01 am EST by Judy Byington

Sat. 1 Feb. 2025 Project Odin=EBS …JFK Awakening Q17 on Telegram

This will release the NESARA/GESARA funds and then we the people will begin to rebuild. This event is truly biblical.

Many events will also take place such as:

Bitcoin Server/Data Center will be hacked and shut down forever

99.5% of cryptocurrencies will disappear, including Chinese Coins

ISO20022 coins backed by Precious Metals will be available

The stock market collapsed

Quantum system

Nesara / Gesara / RV

~~~~~~~~~~~~

Possible Timing: (RUMORS)

On Wed. 15 Jan 2025 Trump (allegedly) signed the classified “Gold Directive,” the Cabal’s hidden vaults having been seized. Their gold, stolen for centuries, was now being returned to The People through the QFS.

As of 28 Jan. 2025 Redemption Centers were(allegedly) processing massive amounts of gold-backed currency daily. The banks were powerless. They know their system was finished, and they were scrambling to hold on.

Wed. 29 Jan. 2025 was the Chinese New Year – Julian Assange said that “the Blackout has begun. All systems are go. The EBS is live in certain areas” and last week JFK Jr. said, “The Plan Never Changed. It was Always February. The Chest Will Open Very Soon!”

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 (allegedly) Activates Worldwide

Sun. 9 Feb. QFS(allegedly) becomes fully operational with intense military operations.

In Aug. 2025 the U.S. Treasury will (allegedly) send out a computer algorithm to each bank to zero debt balances in a Debt Jubilee. The banks will (allegedly) then 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 coming out sometime in August. …JFK Awakening on Telegram

~~~~~~~~~~~~

Global Financial Crisis:

Sat. 1 Feb. 2025: Why is President Trump placing massive tariffs on the European Union? Lagarde: Well, because even the European Central Bank President couldn’t dispute the fact that they have been ripping the United States off for decades. …EBS on Telegram

Read full post here: https://dinarchronicles.com/2025/02/02/restored-republic-via-a-gcr-update-as-of-february-2-2025/

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

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

Jeff Question: "How long should we wait to go to the bank if we are not needing money ASAP? In other words do you think it will start floating fairly quickly or will it take some time?" This will be a managed float, which means it can only change plus or minus 10% per day...When the rate changes it'll come out somewhere around the $3.80 range. That's my opinion. I don't think it's going to go over $4 until going into the 2025 budget period...I think it's going to stay below $4 during our 90-day window to exchange. I wouldn't worry about time waiting for it to float... Get it exchanged. Don't wait for this to go up in value because I don't think you're going to have that opportunity or time frame.

Frank26 [Iraq boots-on-the-ground report] FIREFLY:Mr. Sammy says...we see Germany, France, Egypt they're all saying to us, 'just do it.' And ones [investors that arrived] today all praising Iraq saying we are stable and we want to do business with Iraq. Even Kuwait who has the strongest currency in the world is now coming in and supporting us...It's looking pretty good. FRANK: Kuwait holds the most powerful currency in the Middle East but we see the whole world running to Iraq, not Kuwait? ...They know the potential of the float of your currency on an international level is going to be insane. Iraq is the prettiest girl in town and everyone wants to kiss her.

Greg Mannarino: Pandemonium - Debt Market Time-Bomb Now Ready To Implode

Good as Gold Australia: 2-2-2025

In this latest interview, Darryl and Brian Panes from As Good As Gold Australia interview the one and only Greg Mannarino "The Robin Hood of Wall Street".

The world's economy is in tatters. Is the message getting across to the populous at large or are we sinking further into the mire.

Greg provides his thoughtfull insights into this probing question - a must listen.

With many central banks buying up physical gold, will we see a gold standard money supply system in the near future?

In Australia, just over 2 years ago, we had a parliamentary vote on discontinuing cash as a form of money. It was well and truly voted against until at least 2030. Why is it important to have cash as an option?

In Australia in 2024, gold increased in price by 36%. If we go back exactly one year to the day, the price of gold is up over 40%. In the last 5 years, the price of gold has risen 90% (approx. 18% per year).

Everybody talks about the S&P 500 or the Dow Jones, but nobody talks about this spectacular rise in gold - why not?

When you do the calculations on the rise of the world debt and in particular the United States, you can see that the debt level is uncontrollable using fiat currencies, and in effect, debt is impossible to reduce.

History shows that only gold and silver as money will control debt.

Why is this fact seemingly not recognised by our politicians? Since 1971 in the US, there has been a doubling of the debt every 8-10 years. Egon Von Greyerz confirms it is about to accelerate.

How much longer before the system implodes and where to for gold and silver in 2025? Greg's response to all of these questions makes this interview a must-listen - we will be doing this again!

https://www.youtube.com/watch?v=YpLG-X1_kmY

Dinar Recaps 20 2/2/25 Dinar Recaps 20 2/2/25

“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.

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.

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."

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

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

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 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

**********

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!!!!!!

DINARRECAPS8 2/1/25 DINARRECAPS8 2/1/25

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."

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

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/

Dinar Recaps 20 2/1/25 Dinar Recaps 20 2/1/25

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.

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

TFTC: 2-1-2025

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