Iraq Economic News and Points to Ponder Tuesday Afternoon 2-4-25

Gold Continues To Rise And Maintains A Historical Level In Iraq

Stock Exchange  Economy News – Baghdad   The prices of "foreign and Iraqi" gold rose in the local markets in the capital, Baghdad, today, Tuesday, (February 4, 2025).

Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, this morning recorded a selling price for one mithqal of 21 karat Gulf, Turkish and European gold of 595 thousand dinars, and a purchase price of 591 thousand dinars. 

The selling price of one mithqal of 21-karat Iraqi gold reached 565 thousand dinars, and the purchase price was 561 thousand.

As for gold prices in goldsmiths’ shops, the selling price of a mithqal of 21-karat Gulf gold ranges between 595,000 and 605,000 dinars, while the selling price of a mithqal of Iraqi gold ranges between 565,000 and 575,000 dinars.   https://economy-news.net/content.php?id=52498

Joint Statement By The Office Of The Prime Minister And The Central Bank Of Iraq
Economy   | 04/02/2025   Mawazine News – Baghdad    The government, in cooperation with the Central Bank of Iraq, announced today, Tuesday, the launch of a comprehensive initiative for banking reforms, noting that "this step comes as part of the government program aimed at modernizing the banking sector and making it more competitive locally and globally."

According to the joint statement issued by the Prime Minister's Office and the Central Bank, received by "Mawazine News", the new reforms include an integrated strategic process that constitutes a turning point in the history of economic development in Iraq.

These comprehensive reforms aim to keep pace with developments in the countries of the region and the world, and contribute to opening up broader horizons for communication with the outside world in modern banking and financial transactions.

These reform efforts were based on several main areas, according to the statement:

1- Strengthening ownership structures and governance frameworks, by enhancing transparency and accountability, by creating diverse ownership structures and ensuring independent oversight of boards of directors over operations and committees.

2- Raising the level and standards of service, by increasing access to basic financial services for all members of the Iraqi people, by enhancing efficiency, increasing the supply of products, and modernizing the infrastructure of the banking sector.

3- Harmonization and conformity with international standards, by imposing commitment to recognized frameworks and practices in the areas of combating money laundering and combating the financing of terrorism, as well as commitment to financial transparency.

4- Enhancing financial flexibility, by enhancing the financial safety of Iraqi banks and setting strong requirements for capital and cash liquidity, to protect customer deposits and protect the economy in the face of local and international challenges.

The statement noted that "the Central Bank is working to implement and develop regulatory and supervisory frameworks in cooperation with international partners, while the government is working to support the reforms and efforts of the Central Bank to develop the state of the banking sector.

" He added, "This initiative comes within the framework of a broader strategy aimed at modernizing the banking sector, as the Central Bank is currently working to develop it in partnership with Oliver Wyman, a leading global management consulting firm."

The government and the Central Bank confirmed "adopting a common reform vision, which is to establish a modern, transparent and comprehensive banking system that supports the aspirations of the dynamic economy of the Iraqi state.

The executive details of these reforms will be presented at a later time," noting that "this initiative constitutes an important step towards achieving sustainable economic growth and enhancing confidence in the Iraqi financial system, which opens new horizons for cooperation and partnerships at the international level." https://www.mawazin.net/Details.aspx?jimare=259362

Dollar Exchange Rates In Iraq

Economy | 04/02/2025   Mawazine News – Baghdad    Mawazine News publishes today, Tuesday, the exchange rates of the dollar in Iraq against the Iraqi dinar in local markets.

Selling 151,500 Iraqi dinars for 100 dollars.  - Purchase 149,500 dinars for 100 dollars.

https://www.mawazin.net/Details.aspx?jimare=259347

Oil Prices Decline In Global Markets

Economy  | 04/02/2025   Mawazine News – Baghdad  Oil prices fell on Tuesday after U.S. President Donald Trump agreed to suspend heavy tariffs on Mexico and Canada, the United States’ biggest foreign oil suppliers, for a month.

Brent crude futures fell 41 cents, or 0.5 percent, to $75.55 a barrel, while U.S. West Texas Intermediate crude fell 75 cents, or 1 percent, to $72.41. https://www.mawazin.net/Details.aspx?jimare=259339

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 2-4-25

Good Afternoon Dinar Recaps,

JUST IN: SENATOR HAGERTY INTRODUCES GENIUS ACT TO REGULATE STABLECOINS

In a latest development, FOX Business journalist Eleanor Terrett revealed in an X post that Senator Bill Hagerty is set to introduce legislation to establish a regulatory framework for stablecoins, representing the latest effort to promote crypto-friendly policies for an industry prioritized by Donald Trump. This signals clear regulations and a massive boost for stablecoin adoption in the U.S.

Regulatory Framework For Stablecoins

The bill aims to create a clear regulatory framework for stablecoins, which are cryptocurrencies pegged to the US dollar or other stable assets. Supporters believe federal regulation will legitimize the asset class leading to broader adoption.

The bill is called the GENIUS (Guiding and Establishing National Innovation in U.S. Stablecoins) Act and aims to provide clear regulations for stablecoins. 

The GENIUS Act sets rules for issuing stablecoin payments and requires backing with US currency, Treasury bills, Federal Reserve notes and other assets. Stablecoins are key in connecting crypto to traditional finance, according to the bill’s draft seen by Bloomberg.

She also shared the bill’s key points, based on Hagerty’s October draft. The bill sets clear rules for stablecoins, digital assets pegged to the U.S. dollar, ensuring stability in value. 

Stablecoin issuers must meet specific licensing and reserve requirements to ensure they have sufficient backing. Issuers with over $10 billion in stablecoin assets will follow Federal Reserve rules, while smaller issuers will follow state regulations. 

The bill aims to promote financial inclusion, make transactions more efficient, and strengthen the U.S. dollar globally.

Unleashing Innovation!

“My legislation establishes a safe and pro-growth regulatory framework that will unleash innovation and advance the President’s mission to make America the world capital of crypto,” Hagerty, a Tennessee Republican, noted in a statement.

Senators Kirsten Gillibrand, a New York Democrat, Tim Scott of South Carolina and Cynthia Lummis of Wyoming, both Republicans, are co-sponsoring the bill. The legislation also requires stablecoin issuers to provide audited monthly reports on the reserves backing their stablecoins. Falsifying reports would lead to criminal penalties.

Senate staffers expect the bill to move through committees quickly, and it will be discussed further in an upcoming press conference with David Sacks.

Trump’s Order Backs Dollar-Backed Stablecoins

Nonbank stablecoin issuers would be regulated by the Office of the Comptroller of the Currency, part of the Treasury Department. Last month, Trump signed an executive order encouraging the development of lawful, dollar-backed stablecoins globally.

The order also blocked further progress on a central bank digital currency, seen as a competitor to stablecoins.

While it set up a group to recommend a digital asset regulatory framework, the actual policy change would have to be approved by Congress. Both Democrats and Republicans are interested in regulating stablecoins.

@ Newshounds News™

Source:  Coinpedia

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CONGRESS INVESTIGATES BANKING RESTRICTIONS ON CRYPTOCURRENCY COMPANIES

▪️Congress is examining restrictions on cryptocurrency banking access.

▪️Operation Choke Point 2.0 targets banking services for crypto firms.

▪️Investigation results may prompt new regulations for the industry.

On February 6, the U.S. Congress’s Financial Services Committee will scrutinize the Biden administration’s banking access restrictions imposed on cryptocurrency companies. This examination will focus on the political and financial implications of the initiative dubbed “Operation Choke Point 2.0.” Leaders and experts from the cryptocurrency sector will provide testimony during the hearing.

What is Operation Choke Point 2.0?

Operation Choke Point 2.0 is characterized by the obstruction of banking services for cryptocurrency firms. Unlike its predecessor from 15 years ago, this initiative targets political dissenters and technology startups. Some experts argue that these restrictions hinder the industry’s growth.

In the past four years, over 30 cryptocurrency companies have lost access to banking services. Marc Andreessen remarked, “This situation contradicts the principles of a free market.” Financial institutions cite risks associated with the cryptocurrency market as justification for these restrictions, while industry representatives claim the motivations are politically driven.

Objectives of the Investigation

The subcommittee will analyze the economic impact of the cessation of banking services on the cryptocurrency market. It will also investigate whether political pressure has influenced the decisions of financial institutions. Congress members are expected to request documentation from federal agencies and industry representatives during the session.

The U.S. House Oversight Committee is conducting a parallel investigation into the legal basis for financial access restrictions. Cryptocurrency companies highlight that current regulations disrupt innovative projects. The findings of the investigation are anticipated to lead to new regulations for the sector.

@ Newshounds News™

Source:  Cointurk News

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Jaime Carrasco: Gold at the Heart of the New President's Agenda?

Jaime Carrasco: Gold at the Heart of the New President's Agenda?

Palisades Gold Radio:  2-3-2025

In this episode on Palisades Gold Radio, Tom Bodrovics welcomes back Jaime Carrasco. Jaime is Senior Portfolio Manager & Senior Investment Advisor at Harbourfront Wealth Management.

They discuss the global economic landscape and the significance of gold in today's context.

Carrasco expresses his belief that Trump's election and proposed policies could lead to a reset of debt and potential devaluation of US dollars held in treasuries around the world

He emphasizes the importance of understanding history, as previous periods saw significant increases in dividends from gold mining companies during times of monetary instability.

Carrasco encourages investors to consider gold as a hedge against inflation, purchasing power loss, and political instability. He also recommends silver mining companies due to their current undervaluation compared to gold.

Central banks are increasingly buying gold as a safe haven asset, and Trump's actions are aimed at rebuilding America for Americans, possibly necessitating a full reset.

The location of US gold reserves and geopolitical issues like China's policy in Latin America, Europe's response to immigration, and the US-China-Russia alignment are significant sociological factors affecting the global economy.

Despite the current uncertainty, Jaime advocates for a decentralized world where nations can thrive and encourages investors to consider gold, silver, and Bitcoin as financial lifeboats.

 Talking Points From This Episode

0:00 - Introduction

0:42 - Current World State

3:30 - S&P Bond Chart

10:12 - Gold Bonds & Treasury

15:45 - Free Cash Flow Chart

19:23 - Hyper Financial World

 26:00 - Gold & Silver

31:02 - Silver Volatility

34:02 - Shelton & Blockchain

 36:20 - Resource Sec. Valuations

 38:13 - 40-Year Shift?

42:22 - A Financial Reset?

44:52 - Bonds in a Reset

46:22 - PMs & Tariff Risks

 49:18 - A Double Edged Sword

 51:53 - Trump Implementation

53:30 - European Problems

 56:00 - Negotiating Peace?

1:02:09 - Surviving Inflation

1:04:10 - Wrap Up

https://www.youtube.com/watch?v=eSbz8yXzDF0

“Coffee With MarkZ” Tuesday Morning Chat 2-4-2025

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

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

Member: looking forward to some good news from Mark today.

Member: Bond folks get paid yet?

MZ: No fun update from bonds today….not for a lack of looking.

Member: I wish we knew the rates

Member: Don’t worry about the rates….worry about when it starts

MZ: I firmly believe the rates will be acceptable and we will be tickled with them .

Member….anything above 1 to 1 would thrill me…..if they would just do it!!!!

Member: the banks all received a memo about the rates…my banker has confirmed.

MZ: You are not the first person I have heard that from …Some of my contacts said they cannot share but they are seeing the rates now.

Member: Jon Dowling had a good bank story. A customer of a credit union was called in because they suspected she owned foreign currency. They told her they were in training!

Member: I wonder if the bankers who did not believe are rushing out to buy currency?

Member: is the new US sovereign Wealth fund part of the RV?

MZ: When the world operated on a real monetary standard ,  pretty much every nation had a sovereign wealth fund where the wealth of the nation was invested for the future. Many countries are now saying they need a sovereign wealth fund….i think it could be part of Gesara?

MZ: We have not seen a Sovereign Wealth fund since we were on the “Gold Standard”

Member: "U.S. President Donald Trump signed an executive order on Monday ordering the U.S. Treasury and Commerce Departments to create a sovereign wealth fund."

Member: Iraq is also starting a sovereign wealth fund…read the article last week.

Member: Just read an article that was talking about oil prices and for every dollar that oil goes down Iraq losses billions. they need to rv and not tie they're currency to strictly oil.

Member: they are supposed to release the flow of oil and to pay citizens salaries on Tuesday or Wednesday they left it open

MZ: “Kurdistan Regional Government receives nearly one trillion dinars from Baghdad for last months salaries” they are upholding their promises with Erbil. Very important .

Member: #BREAKING: January salaries for public employees in the Kurdistan Region will be paid starting tomorrow,

MZ: I think we are going to see a very interesting week.

Member: Lots going on behind the scenes.

Member: Maybe we are waiting for the announcement in The Gazette Tomorrow! then Boom off to the Bank?

MZ: I do not see it put in the Gazette tomorrow….but there is a good chance it will be in there on Saturday.

Member: I heard Nothing till march 10 till full integration of iso into FED NOW. Hunker down

Member: Ugh. The powers that be have to realize the Free Beer tomorrow signs are getting old.

MZ: Most of what I am hearing now is around Feb 10th.

Member: Doesn't President Trump fly this Friday to Saudia Arabia? President's Day Holiday on Monday...so a 3 day weekend…….Yep Feb 10ish looks like GO time

Member: all this is like watching for water to freeze on a hot summers day.

Member: Hi Mark are you planning to go over the redemption center process with new updates?

Member: I imagine once we get notifications to exchange….we will know everything we need to know.

MZ: Yes…we do not know details yet.

Member: Thanks to all…..Everyone have a great day. See you tonight….

Mark answers “Newby” questions off and on throughout today’s podcast. Listen to replay for all of them

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.

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

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

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

Youtube:     https://www.youtube.com/watch?v=Bw53cHuvSEg

News, Rumors and Opinions Tuesday 2-4-2025

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 Tues. 4 Feb. 2025

Compiled Tues. 4 Feb. 2025 12:01 am EST by Judy Byington

Global Currency Reset

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

Mon. 3 Feb. 2025 Jon Dowling: The shift has officially occurred! The key infiltrators within the Treasury that have help up our blessings have been (allegedly) officially removed. Once it’s confirm in the Iraqi Gazette concerning the gas law in Iraq has been passed, we’ll see the new rate come forth publicly. Just a matter of time at this point. Standby for victory after victory to commence!

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

On Wed. 29 Jan. 2025 an Open Letter was (allegedly) published addressed to President Donald Trump and the US Congress asking them to recognize the Sovereign Nation of the Kingdom of Hawaii. There was  (allegedly) 170,000 metric tons of Gold sitting in the Bank of Hawaii that cannot be used by any government entity until the Kingdom Nation is returned properly to The People. The request was accompanied by a plea to help the over 3,000 victims of the 2023 Kula and Lahaina Maui Hawaii Fires who remain homeless, many living on beaches since 2023. (Signed) Sir Don Kauli’a, Sovereign Regent, Kingdom of the Hawaiian Islands

Read full post here:  https://dinarchronicles.com/2025/02/04/restored-republic-via-a-gcr-update-as-of-february-4-2025/

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

Fnu Lnu   The Dinar is now getting International attention. I was just on a conference call with a very small group of arbitrage experts based in Singapore...Imagine my surprise when the call mentioned Dinar and the second part of the call was about the Dinar...The good news?   The moderator said the RV was completed, which many of us have believed but couldn't prove...The final steps of the RV are contingent upon the completion of the "Financial Integrity and Cross-Border Payments" training program...  [Post 1 of 3....stay tuned]

Fnu Lnu    The "Institute for Financial Integrity" (IFI) based in Washington DC, has announced an initiative aimed at enhancing Iraq's banking systems...in collaboration with the CBI and K2 Integrity, will provide training to the NBI (National Bank of Iraq).  This will be a huge boost for the banking sector, provide essential training, and drive value. This training is vital to insure to the investing world, that Iraq is up to International standards. Though the RV is completed, this last important step is what is causing, what we perceive, as a delay. It is no delay at all. It is about how to distribute the funding. This also signals that we are now so close you can just smell the greenbacks as they are distributed, cross borders, to eagerly awaiting American Dinar investors. [Post 2 of 3....stay tuned]

Fnu Lnu  This call was so information dense that I will have to listen to it several more times to digest all of the content. The function of revaluing the currency is completed. The rate is decided. All the numbers are calculated. What is left to do is to be trained on the physical task of properly distributing it. Crossing the T's and dotting the I's...We are so close now it is crazy. This training can be done in a matter of days. This is why the UST and others are in Iraq right now. This is all brand new ground and you are on the inside of this knowledge.  [Post 3 of 3]

The Giant Credit Bubble & Why Gold Still Rules | Alasdair Macleod

Monetary Metals:  2-3-2025

Timecodes

00:00 Money vs. Credit

 00:35 Is This the Biggest Bubble in History?

01:36 The Pin That Pops the Bubble

03:15 Credit Crunch: How Banks Are Rationing Loans

 05:32 Governments in Debt Traps

07:22 Global Overleverage & Its Consequences

10:55 Equities & Real Estate: The Credit Illusion

 12:00 Why Gold Stands Apart (No Counterparty Risk)

18:09 Can Currencies Survive This Debt Bubble?

 21:00 Lightning Round: Alasdair’s Rapid-Fire Insights

https://www.youtube.com/watch?v=fK9v8wNgYkA

Seeds of Wisdom RV and Economic Updates Tuesday Morning 2-4-25

Good Morning Dinar Recaps,

RIPPLE AND ISDA SET TO BEGIN FACILITATING THE $1.2 QUADRILLION DERIVATIVES MARKET

Ripple’s membership in ISDA and its strategic partnerships with BlackRock and JPMorgan reinforce the growing influence of digital assets in global finance.

Ripple has joined the prestigious International Swaps and Derivatives Association (ISDA) alongside BlackRock and JPMorgan. This strategic partnership positions XRP to facilitate the $1.2 quadrillion derivatives market, with global debt driving trillions into XRP. 

The CryptoTradingFund (CTF) Payment Rewards system, already launched and onboarded by Amazon and Walmart, will further funnel trillions into the XRP Ledger, offering users CTF tokens as rewards for crypto transactions.

XRP’s Expansion into the Derivatives Market

Ripple’s entry into ISDA opens up significant opportunities for XRP in the $1.2 quadrillion derivatives market. With support from BlackRock and JPMorgan, XRP is poised to play a key role in cross-border payments on an unprecedented scale, showcasing the growing acceptance of blockchain in traditional finance.

This integration allows XRP to handle massive derivatives transactions more efficiently, positioning it as a crucial asset in mainstream financial systems.

The Role of CryptoTradingFund (CTF) in XRP’s Future

Ripple’s integration with ISDA enhances the XRP Ledger through the CryptoTradingFund (CTF), which rewards XRP users with CTF tokens for purchases at participating merchants. These tokens can be redeemed for fiat or used to buy goods and services, fostering greater interaction with digital assets.

With Amazon and Walmart already on board, the CTF Payment Rewards system is set to channel billions into the XRP Ledger, increasing adoption and value for XRP users.

CTF Framework Transaction Soars as Demand Increases

CTF token value has garnered significant attention, with projections suggesting it could rise from $1.02 to $748.98. The limited supply of CTF tokens, combined with growing demand from companies like Amazon and Walmart, could drive a massive increase in value. Experts predict that the CryptoTradingFund system could attract up to $9 trillion, impacting CTF token prices substantially.

With trillions flowing into the XRP Ledger, CTF tokens are poised for major growth, establishing a new financial ecosystem centered around Ripple’s blockchain.

The Future of XRP and Blockchain in Global Finance

Ripple’s collaboration with ISDA, BlackRock, and JPMorgan signals a new era for digital currencies in global finance. The ability to handle $1.2 quadrillion in derivatives transactions highlights blockchain’s transformative potential. XRP, along with CTF tokens, stands at the forefront of this financial revolution, offering a new framework for global payments and financial transactions.

Conclusion: A New Era for Digital Assets and Global Finance

Ripple’s membership in ISDA and its strategic partnerships with BlackRock and JPMorgan reinforce the growing influence of digital assets in global finance. With XRP set to facilitate trillions in derivatives transactions and the CTF Payment Rewards system offering innovative rewards, Ripple is well-positioned to shape the future of global finance.

As the XRP Ledger continues to evolve, the financial world is on the brink of a significant transformation, with Ripple at the heart of this blockchain-powered revolution.

@ Newshounds News™

Source:  CryptoNewsLand

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XRP JUMPS 20% AMID SEC’S MAJOR POLICY CHANGE ON CRYPTO INVESTIGATIONS

On Monday, February 3, the U.S. Securities and Exchange Commission (SEC) implemented a new policy that could slow down its crypto-related investigations.

According to Reuters, sources familiar with the matter revealed that SEC lawyers are now required to get approval from politically appointed leadership before formally initiating probes.

This change marks a shift in the SEC’s previous procedures and comes under the agency’s new leadership following President Donald Trump’s administration.

Typically, the SEC is overseen by five commissioners, including the chair, though the commission currently operates with only three members — two Republicans and one Democrat. Commissioners are appointed by the president.

The agency recently saw the departure of former chair Gary Gensler and fellow Democrat Jaime Lizárraga. Currently, Acting Chair Mark Uyeda holds the position until Paul Atkins, nominated by Trump to be SEC chairman, is officially confirmed.

Reacting to the same, former SEC lawyer Marc Fagel wrote, “I was heavily involved in the policy allowing formal order authority to be delegated to the staff, enacted in the wake of the Madoff debacle. So for those whose response to Madoff was “the SEC should move more slowly,” this is great news.”

Amid this news, XRP surged by 19.90% in the last 24 hours, reaching a price of $2.71 after previously dropping to a low of $2.14 and peaking at $2.78. The initial dip in XRP’s value was driven by fears of a trade war following U.S. President Donald Trump’s announcement of high tariffs on Mexico, Canada, and China.

However, analysts now suggest that this drop may have created a solid foundation for a potential strong recovery in the coming days.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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6 Tips To Save Retirees From Financial Disaster

‘Automatic Millionaire’ David Bach: 6 Tips To Save Retirees From Financial Disaster

Ellie Diamond  Sun, February 2, 2025   GOBankingRates

Money expert David Bach, author of “The Automatic Millionaire,” has dedicated his career to helping people achieve financial freedom. His philosophy centers on making smarter money decisions that keep your assets safe.

1. Save More as You Get Older

When CNBC asked Bach in 2018 how much money people should have in retirement savings, he pointed readers to Fidelity Investments’ age-based roadmap. This guideline suggests that a 30-year-old should have one year of their starting salary in savings, then twice their starting salary by age 35.

If you increase that goal by a factor of one every year, you’d have eight times your salary by age 60. Your final goal, Fidelity states, is to have 10 times your salary in the bank by 67.

Bach called this a general guideline, but warned that your target shouldn’t be lower.

2. It’s Never Too Late

As a money expert, Bach has spoken to people whose savings are far below goals like Fidelity’s. Whatever your circumstances, he said, “It’s never too late to start investing, and the best time to start is now.”

His first recommendation is to increase your retirement plan contribution and participate in a 401(k) match with your employer if one is available. The goal is to gradually save 10% to 15% of your income, or more if you need to and are able.

3. Spend Only on What You Value

In his book “The Latte Factor,” Bach wrote about the power of intentional spending. He teaches people that by paying attention to what they spend their money on, they can waste less and save more.

It’s not about giving up the things that bring you joy, he said. It’s about knowing where your money goes and avoiding spending on things that don’t match your values.

TO READ MORE:  https://finance.yahoo.com/news/automatic-millionaire-david-bach-6-140037796.html

“Tidbits From TNT” Tuesday Morning 2-4-2025

TNT:

Iraqi Oil: Starting to deliver Kurdistan’s production to SOMO.. Procedures with Türkiye for export via Ceyhan

Iraqi Oil Minister Hayan Abdul Ghani announced on Monday, February 3, 2025, the start of procedures to deliver Kurdistan Region oil to the marketing company "SOMO", while indicating that there are government procedures towards exporting oil through the port of Ceyhan.

Abdul Ghani said in a press statement followed by "Al-Jabal", "The Ministry of Oil began its movements with the regional government by sending an official letter to deliver oil in a legal manner to the marketing company (SOMO)."

He pointed out that "there are procedures with the Turkish government to prepare the Iraqi-Turkish pipeline to export oil through the port of Ceyhan. 

Abdul Ghani explained that "the specified quantities are not less than 300 thousand barrels per day of the region's oil, delivered to the federal Ministry of Oil, to be exported via the Iraqi-Turkish pipeline link

Tishwash:  Iraq and Jordan discuss work stages in joint border economic city

Prime Minister Mohammed Shia Al-Sudani received today, Monday, the Minister of Industry, Trade and Supply in the Hashemite Kingdom of Jordan, Yarub Al-Qudah, who confirmed the Jordanian government's support for Iraq's efforts to host the Arab Summit in Baghdad, scheduled for this year.

During the meeting, according to a statement by the Prime Minister's Office, a copy of which was received by {Euphrates News}, "the bilateral relations between the two countries were discussed, and ways to strengthen them in various economic and commercial fields, in addition to discussing mechanisms for developing industrial and commercial cooperation between Iraq and Jordan, in light of the work of the Iraqi-Jordanian Joint Trade Committee, as well as confirming cooperation between the Jordanian and Iraqi private sectors."

The meeting touched on the stages of work in the joint border economic city between Iraq and Jordan, which aims to enhance economic integration, stimulate investments and activate partnership, and the returns and benefits it will achieve for the two countries, especially with the continuation of work on the development road project, with its strategic axes and projects. link

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Tishwash:  To discuss military and strategic files.. A "high-ranking" American official will visit Baghdad soon

An Iraqi government official reported on Monday that a high-ranking American official is about to visit Baghdad soon, and that preparations are underway for the visit, noting that the official will discuss the American presence in Iraq and the structuring of the relationship between the two countries. 

The official told Shafaq News Agency, "Special preparations are now underway for a visit by a high-ranking American official to Baghdad in the coming period." 

The official pointed out that "the file of the American presence in Iraq will be discussed in parallel with adjusting the rhythms of the region, in line with the recent changes in Syria, Lebanon and Gaza." 

He said, "The American official will discuss the mechanism for restructuring the relationship between the United States of America, in addition to understandings in the areas of security and defense, along with files related to the US Federal Reserve." 

It is noteworthy that Baghdad and Washington announced months ago an agreement stipulating the withdrawal of the US-led international coalition forces by September 2025.

The Washington Post quoted an Iraqi official as saying that he expected Iraq to request an extension of the stay of US forces, in light of the recent developments in the region following the fall of the Assad regime in Syria.

Since mid-October 2023, armed factions began targeting American bases in Iraq, coinciding with the Gaza War, as the factions announced that their targeting of American forces was in response to American support for Israel.

The previous escalation between the armed factions and America witnessed military responses from Washington, the latest of which was the bombing of the city of Al-Qaim, adjacent to the Syrian border. The US Central Command confirmed at the time that its forces launched air strikes in Iraq and Syria targeting sites of the Quds Force of the Iranian Revolutionary Guard Corps and its affiliated faction groups.

The command said that the US military forces struck more than 85 targets with many aircraft, including long-range bombers, launched from the United States.

The American responses to the targeting of the armed factions also included assassinations of leaders of those factions in the center of the capital, Baghdad, using guided and accurate missiles. link

Mot: . Sooooo Many ""Helpful Hints"" Ya gets frum da Internet!!! 

Mot: and as Ya Season! - ""The Senility Prayer""

MilitiaMan & Crew Iraq Dinar News-Budget Amendment done-Salaries to be Paid- Oil Flow-USA- Sovereign Wealth Fund

MilitiaMan & Crew Iraq Dinar News-Budget Amendment done-Salaries to be Paid- Oil Flow-USA- Sovereign Wealth Fund

2-3-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=fT67o_j4wdw

Iraq Economic News and Points to Ponder Monday Evening 2-3-25

Central Bank Of Iraq: 94% Of Dollar Sales In Today's Auction For Foreign Transfers

03/02/2025  Mawazine News – Economy  The Central Bank of Iraq announced that US dollar remittances sold in Monday's currency auction amounted to more than 94% of total sales, with total sales reaching $297 million, 459 thousand, and 852.

These sales were covered at a basic exchange rate of 1,310 dinars per dollar for documentary credits and international settlements for electronic cards, while the dollar was sold at 1,310 dinars per dollar for external transfers, and at 1,305 dinars for cash dollars.

According to statistics, $281 million, 409 thousand, and 852 were allocated to enhance balances abroad in the form of transfers and credits, representing 94.31% of total sales, while cash withdrawals amounted to only $16 million and 50 thousand.

While 19 exchange companies participated in the auction, 6 banks met requests to enhance balances abroad, while only one bank was satisfied with buying dollars in cash. https://www.mawazin.net/Details.aspx?jimare=259313

Baghdad Stock Exchange Opens Higher... 151,500 Dinars For Every 100 Dollars

economy | 11:59 - 03/02/2025   Mawazine News – Baghdad  The exchange rate of the dollar against the Iraqi dinar witnessed a rise in the currency markets in the capital, Baghdad.

The exchange rate in the Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded 150,350 dinars for every 100 dollars, compared to what was recorded yesterday, Sunday, 150,300 dinars.

The selling price in exchange shops in the local markets in Baghdad reached 151,500 dinars for every 100 dollars, while the purchase price reached 149,500 dinars. https://www.mawazin.net/Details.aspx?jimare=259299

Iraqi Oil Prices Stabilize At $78 In Global Markets

economy | 09:22 - 03/02/2025   Mawazine News – Baghdad   Iraqi oil prices stabilized in weekly trading on the global market, at what they ended last week at $78 per barrel.

Basra Heavy crude recorded $74.98 per barrel, while the average recorded $78.23 per barrel, with a change rate of +0.44, respectively, for April 2025 delivery.

The data also showed a significant increase in global crude prices, as British Brent crude recorded $76.38, while US West Texas Intermediate crude recorded $73.92 per barrel, with a change rate of +0.72 and +1.40, respectively.   https://www.mawazin.net/Details.aspx?jimare=259288

Parliamentary Economy: The Ports Authority Is Performing Its Role Properly

Money and business  Economy News – Baghdad  The Parliamentary Economic and Investment Committee confirmed, on Monday, that the Border Ports Authority is performing its role properly, praising the efforts of the Al-Mundhiriyah Border Port Administration.

Committee member Kazem Al-Shammari said in a statement, followed by "Al-Eqtisad News", that "the Border Ports Authority is working with great efforts that deserve praise and appreciation," stressing that "the authority is following up on its work in the right way at all ports."

He added that "the committee visited the Al-Mundhiriyah border port to follow up on the progress of work, as this is the second visit to evaluate the work of the Border Ports Authority," indicating that "these visits are an integration between the authorities to serve the people of the country." https://economy-news.net/content.php?id=52481

The Ministerial Council For Economy Recommends Stopping The Listing Of New Investment Projects

Monday 03 February 2025 | Economic  Number of readings: 250  Baghdad / NINA / The Ministerial Council for the Economy submitted a recommendation to the Council of Ministers on Monday to stop listing new investment projects.

A statement issued by the Council stated that "Foreign Minister Fuad Hussein chaired the second session of the Ministerial Council for the Economy, which was held in the Council building in the presence of the Ministers of Planning, Finance, Industry, Labor and Social Affairs, the Governor of the Central Bank of Iraq, the Chairman of the Securities Commission, the Deputy Chairman of the National Investment Commission, and the Prime Minister's Advisors for Economic and Legal Affairs."

The Council hosted "the Minister of Industry and Trade, the Director General of Industrial Development, and the Director General of the Trademark Registration Department in the Kurdistan Regional Government and in the federal government as well, in order to discuss mechanisms for unifying the registration of trademarks and factories throughout Iraq."

According to the statement, the Council listened to "the obstacles facing the issue of unifying registration presented by those concerned from both parties by holding joint meetings for the purpose of determining the mechanisms that will be worked on in order to unify the procedures for issuing trademarks and factory licenses in a way that serves this important economic segment, provided that the committee completes its work within 15 days and submits its report to the Council for approval."

The Council discussed "the draft recommendations submitted by some members of the Council to assess the financial and economic situation in light of the economic and political challenges witnessed locally, regionally and internationally."

The Council sent "its recommendation to the Council of Ministers regarding new investment projects to stop listing these projects except for the necessary ones and with the approval of the Council of Ministers and the endorsement of the Ministry of Planning and Finance to provide financial allocation before entering into any financial obligations." https://ninanews.com/Website/News/Details?key=1183589

Foreign Companies Operating In The Fields Include Three Sectors

03/02/2025  Mawazine News – Baghdad  The Ministry of Oil clarified, on Monday, the details of the social benefit projects provided in areas near oil fields, while indicating that the projects are concerned with three sectors.

The ministry said: "Social benefits are service projects provided to areas near fields in which foreign companies operate within licensing rounds and others, and the benefit of them lies in developing the service infrastructure of those areas.

" It added that "the projects are determined in coordination with the local governments of the governorates and the relevant sectoral bodies, and are studied by joint committees that include the foreign company and the ministry."

It confirmed "the provision of many service projects in the fields of education, health and public services, such as paving and tiling streets, establishing and rehabilitating schools, clinics and hospitals, and equipping them with furniture, medical devices and others." https://www.mawazin.net/Details.aspx?jimare=259294

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

Seeds of Wisdom RV and Economic Updates Monday Evening 2-3-25

Good Evening Dinar Recaps,

CBOE TO LAUNCH 24-HOUR STOCK TRADING

Traditional exchanges are seeking to expand trading hours as 24/7 onchain trading gains momentum.

Cboe Global Markets, one of the world’s largest derivatives and securities exchanges, has tipped plans to roll out 24-hour per day trading on weekdays, according to a Feb. 3 announcement.

The planned change “aims to meet growing global customer demand for expanded access to U.S. equities markets,” the exchange said. It comes as real-world asset (RWA) tokenization platforms increasingly offer a 24/7 alternative to traditional securities markets.

“We continue to hear from market participants globally – particularly those in Asia Pacific markets like Hong Kong, Japan, Korea, Singapore and Australia – that they want greater access to U.S. equities trading,” Oliver Sung, Cboe’s head of North American equities, said in a statement.

Sung said Cboe’s experience operating 24-hour exchanges in other markets means the exchange “can seamlessly support a 24x5 trading model for U.S. equities.” It plans to support 24-hour trading Monday through Friday, but not on weekends.

Cboe already offers nearly round-the-clock trading hours for certain derivatives, including S&P 500 Index options, and for its global forex markets.

Demand for extended trading hours

Other traditional US equities exchanges are also seeking to deliver round-the-clock trading for clients. In August, 24X National Exchange filed an amended application to US regulators to launch a securities exchange that could potentially bring 24/7 trading to cryptocurrency exchange-traded funds (ETFs).

In the US, spot cryptocurrency exchanges such as Coinbase operate continuously, but securities exchanges — where crypto ETFs are traded — only handle trades between 9:30 am and 4:00 pm Eastern Time.

Meanwhile, RWAs — tokens representing claims on assets such as stocks, bonds or real estate — surged in popularity after US President Donald Trump’s November election win ushered in a friendlier regulatory environment for cryptocurrencies.

Decentralized exchanges (DEXs) on blockchain networks enable 24/7 trading of RWA tokens

On Feb. 3, RWAs reached a cumulative all-time high of more than $17.1 billion across over 82,000 total asset holders, excluding the value of stablecoins, according to data from RWA.xyz.

RWAs could grow more than 50-fold by 2030, according to a Tren Financial report, which compiled predictions from financial institutions and consulting firms. They represent a $30-trillion market opportunity globally, Colin Butler, Polygon’s global head of institutional capital, told Cointelegraph in an interview.

The most popular RWA funds are the tokenized money market funds Hashnote Short Duration Yield Coin (USDY), BlackRock USD Institutional Digital Liquidity Fund (BUIDL) and Franklin OnChain US Government Money Fund (FOBXX). Tokenized money market funds collectively command more than $3 billion as of Feb. 3, according to RWA.xyz.

On Jan. 30, private equity firm Apollo Global Management said it had partnered with Securitize to launch a tokenized private credit fund.

@ Newshounds News™

Source:  CoinTelegraph

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COINBASE CLO TO TESTIFY IN OPERATION CHOKEPOINT 2.0 HEARING

The first Operation Chokepoint 2.0 hearing is set to hold soon with Coinbase CLO Paul Grewal among the listed testifies

▪️Coinbase CLO to participate in Operation Chokepoint 2.0 hearing

▪️Anchorage and MARA Holdings CEO also joins the witness list

▪️Industry proponents sees the Chokepoint investigation as a major win

Paul Grewal, Coinbase Chief Legal Officer (CLO) is one of the testifiers at the forthcoming Operation Chokepoint 2.0 hearing with the Senate Banking Committee. Billed to take place later this week, Grewal will join other experts includes MARA Holdings CEO Fred Thiel in testifying against the crackdown on the crypto industry.

Operation Chokepoint 2.0 Hearing Witness List

It is worth noting that the hearing regarding the Operation Chokepoint 2.0 claims will be conducted by both the House and Senate respectively. As shared in an X post, the Coinbase CLO features in the witness list for both hearing set for February 6.

Besides Grewal, WSPN CEO Austin Campbell, Fred Thiel will participate in the House Financial Services Committee hearing. Per the update from, the lawmakers noted that more witnesses may still be added to the list.

For the Senate Banking GOP hearing, Nathan McCauley, the founder and CEO of Anchorage Digital will also take part in the hearing. In addition, Stephen Gannon from Davis Wright Tremaine LLP, Mike Ring from Old Glory Bank and Aarond Klein from the Brookings Institution will also take part.

As the Coinbase CLO noted, the lawmakers’ hearing will conduct an “oversight hearing looking into the past clandestine and undemocratic campaign to cut off crypto from banking.”

Coinbase CLO and Industry Leaders Have a Lot to Say

Just like Anchorage Digital, Coinbase also suffered from the impacts of the Operation Chokepoint 2.0. Over the past few weeks, the exchange has uncovered Letters from the US FDIC that shows the role played by the Federal Deposit Insurance Commission (FDIC) in the chokepoint agenda.

Per the content of the unredacted documents, the FDIC instructed banks to cut financial services for the crypto industry. With Paul Grewal running the legal team that got these unredacted files from FDIC in a legal battle, he might shed many insight in the hearing.

Anchorage Digital also potentially faced the Operation Chokepoint as a broad-based financial services provider in the industry. With claims of crackdown in the Bitcoin mining sector, Fred Thiel may also be an invaluable witness in the hearing.

Operation Chokepoint 2.0: Promises Kept

Prior to his election victory, President Donald Trump promised that the war on crypto will be over under his tenure. The appointed Crypto and AI Czar Davids Sacks promised to probe Chokepoint claims from industry leaders.

Also, Rep French Hill also made similar promises in December with confirmation that Reps will investigate the claims in January. Crypto proponents have celebrated the move by the current administration to check regulatory agencies’ excesses.

@ Newshounds News™

Source:  CoinGape

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ONDO FINANCE LAUNCHES ONDO NEXUS TO EXPAND TOKENIZED TREASURY

Ondo Finance has introduced Ondo Nexus, a new initiative aimed at enhancing liquidity for tokenized Treasuries through expanded issuer partnerships and 24/7 redemption capabilities.

The Nexus leverages OUSG’s instant minting and redemption features to provide third-party issuers with improved liquidity for tokenized Treasuries, or “yieldcoins.”

The initiative expands OUSG’s backing to include tokenized Treasuries from Franklin Templeton, WisdomTree, Wellington Management, and Fundbridge Capital.

Additionally, Ondo Nexus integrates liquidity from existing partners like BlackRock and PayPal.

Nathan Allman, CEO of Ondo Finance, said that Ondo Nexus represents a significant advancement in tokenized Treasuries and the broader real-world asset category, emphasizing that by diversifying eligible collateral, they are developing modular infrastructure that enables shared redeemability of tokenized Treasuries to stablecoins across various products.

Ondo Finance is the only tokenized Treasury provider offering 24/7 redemptions at no cost to investors. Currently, OUSG allows redemptions against USDC, with PayPal USD expected to be added soon.

Ondo Nexus will enable seamless redemption of tokenized Treasuries from partner issuers into various stablecoins, further enhancing the asset class’s liquidity and utility.

The tokenized Treasuries sector has grown rapidly, surpassing $3 billion in total value locked in 2024. With Ondo Nexus, Ondo Finance aims to strengthen onchain financial infrastructure, bridging the gap between traditional finance and decentralized finance.

@ Newshounds News™

Source:  Crypto News

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