Seeds of Wisdom RV and Economic Updates Sunday Morning 2-9-25

Good Morning Dinar Recaps,

HOW THE GENIUS ACT WILL LEAD TO CRYPTO-DOLLARS

The pace of regulatory and executive actions pertaining to the cryptoasset and blockchain sectors continues to accelerate, with the first ever U.S. digital asset press conference, the Senate Banking Committee continuing to discuss and roll back debanking initiatives, and SEC Commissioner Hester Peirce’s Crypto Task Force already making progress in establishing guidelines and frameworks for crypto regulation.

With the flurry of headlines and soundbites it would be easy for investors and policy advocates to overlook an important throughline in virtually every policy move under the new Trump administration to date; strengthening and improving the U.S. dollar’s place as the global reserve currency via dollar backed stablecoins.

Senator Bill Hagerty introduced the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, aiming to regulate US dollar-pegged crypto tokens, which according to public comments will focus on creating a safe and pro-growth environment for cryptoassets.

The GENIUS Act builds on previous efforts to integrate stablecoins into the U.S. financial markets and banking system, including the Clarity for Payment Stablecoins Act.

The GENIUS Act details several important aspects of potential forthcoming stablecoin regulation, but will also help accelerate the policy conversation around a crypto-dollar.

The GENIUS Act Increases Specificity To Stablecoins

Some of the much-needed specifics and clarity that the stablecoin sector has been searching for include, but are not limited to, the following. 

First, the bill as it is currently written and being discussed defines stablecoins as digital assets pegged to the U.S. dollar, which would seem to undermine efforts for commodity based or algorithmic-based stablecoins. 

Second, the bill seems to be advocating federal level regulation for two stablecoins in particular via the $10 billion market capitalization threshold for federal regulation; USDT and USDC. 

Since these two stablecoins combined have a market capitalization of nearly $200 billion, obtaining greater regulatory clarity over these two dollar-backed stablecoins is imperative toward greater adoption and utilization by both individuals and institutions.

An additional point of clarity embedded in the bill is the requirement that stablecoin issuers will have to undergo financial audits of reserves on a monthly basis. Seemingly a simple requirement, this addition highlights one of most difficult aspects of stablecoin regulation to date. 

Tether and the USDT token have been, and remain, the dominant dollar-backed stablecoin by a large margin but have been beset by (justifiable) questions around the accounting for reserves and other financial reporting practices for years. 

The GENIUS Act, by (in essence) specifying these reporting requirements and oversight at the federal level, are setting the groundwork for comprehensive, consistent, and comparable regulation for stablecoins seeking to operate in U.S. markets.

The GENIUS Act Will Lead To Crypto Dollars

One of the most important discussions connected to tokenized assets and especially stablecoins is something that is outside of the crypto; how can the United States take effective action to maintain the reserve currency status of the U.S. dollar? 

The dollar has faced challenges to its geo-political dominance in the past, but few instances of these challenges have been combined with the shifting political landscape unfolding at the present. 

The European Union, partially due to increasingly strident language by the U.S. related to tariffs and NATO-affiliated defense spending, is looking to expand the use of the euro on a global basis. 

China, the second largest economy in the world and definitive rival to the United States, is expanding trade, infrastructure, and use of the yuan on a continuous basis.

Lastly, the BRIC nations are actively seeking to develop and deploy a joint currency, which would seek to serve as an international medium of exchange.

@ Newshounds News™

Source:  Forbes

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BRICS: US SIGNALLING RECESSION AS TRUMP TARIFF IMPACT LOOMS

There is no understating of the concern that is taking place within geopolitics this month. As the BRICS and US face-off, the latter is signaling an incoming recession with the potential impact of President Donald Trump’s 100% tariff plan looming large. Indeed, he had already instituted and delayed such import taxes on Mexico and Canada.

Now, the country is set to contend with China on implemented 25% tariffs. All the while, the United States is facing increased economic uncertainty across a host of sectors. Moreover, one key facet of its financial standing is showing evidence that a recession may be incoming.
BRICS Facing Tariffs and US Facing Recession as Geopolitical Tensions Grow

During his campaign for reelection, Donald Trump warned of 100% tariffs on BRICS nations. He justified the action as a way to preserve the US dollar, targeting a collective that has sought to settle trade in their local currencies. Yet he has since expanded that as he prepares to tariff Mexico, Canada, and others.

With the economic policy proving to be his weapon of choice, the United States economy is set to feel the effects. More importantly, as BRICS prepare to face those policies, the US is signaling a recession as those Trump tariff impacts loom large over the nation.

According to data from Global Markets Investors this week, the US job market is flashing recession signals. Specifically, the Bureau of Labor Statistics data shows that the hiring rates as a percentage of total employment dropped in December. Specifically, the figure fell to 3.2%, its second lowest market since the 2020 COVID-19 crisis.

This drop is concerning. It places hiring well below the pre-pandemic 3.8% average that was present from 2015 to 2019. Additionally, it fuels the ongoing concern regarding a labor market that is cooling extensively. For so long, the Federal Reserve had used a thriving labor market to justify its interest rate cuts. Its slowdown could have dire consequences for an economy coping with much more nuanced issues.

@ Newshounds News™

Source:  Watcher Guru

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The “Wait and See” Phase for Gold is Over

The “Wait and See” Phase for Gold is Over

Notes From the Field By James Hickman (Simon Black)  February 6, 2025

In the year 1025, the Byzantine Empire stood at the height of its final golden age.

Basil II had just died, leaving behind a vast and wealthy empire stretching from Southern Italy to Armenia.  At the heart of its economy was the solidus, a gold coin that had served as the bedrock of Mediterranean trade for centuries. Merchants from Venice to Baghdad had so much confidence in its purity that the solidus became the primary currency for international trade as far away as China.

And this ‘reserve currency’ status allowed Byzantium to project economic power far beyond its borders.

But as the empire declined, so did its currency. Successors debased the solidus to cover military costs, mixing in copper and silver until it was barely recognizable.

By the late 11th century, merchants could no longer rely on the Byzantine government to maintain the purity of the solidus... so traders turned to a new, up-and-coming alternative: the Venetian ducat.

This pattern has repeated itself for thousands of years: reserve currencies come and go, and are eventually displaced by another.

Before the solidus, Rome had set the standard with its denarius, but centuries of inflation and political collapse led to its demise.

After Venice, the Spanish real de ocho became the world’s preferred trade currency, thanks to galleons loaded with New World silver. When Spanish power faded, the Dutch guilder took over, only to be replaced by the British pound sterling, which reigned until two world wars left Britain financially exhausted.

Even the US dollar, during its first two and a half decades as the global reserve currency, was based on gold, until in 1971, the dollar was removed from the gold standard.

The whole concept of fiat currency (i.e. paper currency which relies entirely on trust and confidence of the issuing government) holding coveted reserve status is a new phenomenon.

That means trusting the largest debtor in the history of the world, trusting the US financial system, abiding by the US government’s regulations, and dealing with the whims of their central bank—despite its mismanagement, soaring debt, and reckless policies.

So much can go wrong. And at some point in the future—whether years or decades from now—the US dollar will lose its status as the world’s reserve currency.

No currency has ever held that title forever, and it’s naive to assume the dollar will be the exception.

When that moment comes, future historians will look back in astonishment, wondering how it lasted as long as it did. Because a system built entirely on trust can only survive as long as that trust remains.

And for most of this century, the US government has proven time and again that it cannot be trusted.

We explore this topic in depth in today’s podcast, and discuss how and why gold will be the beneficiary of the dollar’s loss.

We also discuss:

• The short term “wins” possible by using tariffs as a political tool

• The long term damage to the dollar done by threatening allies

• What could replace the dollar as the global reserve currency

• The benefits of holding physical gold (for individuals and central banks)

• Investments that offer exposure to gold’s upside, without paying all time highs for physical bullion

We also mention a gold company that we are profiling this month for subscribers to our investment research newsletter, The 4th Pillar, which focuses on real asset investments.

You can listen to the podcast here.

(For the audio-only version, check out our online post here.)

To your freedom,  James Hickman  Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/the-wait-and-see-phase-for-gold-is-over-podcast-152055/

“Tidbits From TNT” Sunday Morning 2-9-2025

TNT:

Tishwash:  Al-Sudani: The door is open for Kuwait to enter into development projects

Prime Minister Mohammed Shia Al-Sudani called on the State of Kuwait, today, Sunday, to invest in vital development road projects in Iraq.

This came during his meeting today in Baghdad with the Kuwaiti Ambassador to Iraq, Hassan Mohammed Al-Zaman.

Al-Sudani pointed out, according to a statement issued by his media office, the depth of relations between the two countries, and the importance of consolidating and expanding them at various levels and stages.

During the meeting, the Prime Minister stressed his aspiration to strengthen constructive bilateral cooperation in several fields, pointing to the available opportunities and the availability of an appropriate investment environment for the work of Arab and foreign companies, including Kuwaiti companies.

The statement quoted Al-Sudani as saying that the door is open for the State of Kuwait to enter into development projects and benefit from the announced investment opportunities, which contributes to strengthening economic integration and interconnected interests between the two countries.   link

Tishwash:  Iraq Ratings Affirmed At 'B-/B'; Outlook Stable

Overview

Iraq passed an expansionary three-year budget program in 2023, which will likely lead to rising general government debt.

The country has a history of under-spending on budgetary targets but heightened regional tensions alongside parliamentary elections in late 2025 will pressure fiscal finances.

Despite OPEC+ production cuts continuing into at least the first half of 2025, we expect Iraq's sizable oil export volumes will support external surpluses and foreign exchange reserves remaining in excess of $100 billion over 2025-2028.

We therefore affirmed our 'B-/B' ratings on Iraq. The outlook is stable. link

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Tishwash:  Al-Sudani: 2024 expenditures from the investment budget amounted to 25 trillion dinars

Prime Minister Mohammed Shia Al-Sudani stressed today, Saturday, the concerted work to transform integrity into a social culture that disavows corruption and besieges it within society.

The Prime Minister's media office stated in a statement that "Prime Minister Mohammed Shia Al-Sudani sponsored the Internal Control Conference organized by the Federal Financial Supervision Bureau under the slogan (Control is the first line of defense in combating corruption and enhancing transparency)."

The Prime Minister stressed, in his speech, that "the conference aims to enhance the work of internal control and consolidate transparency in the performance of duty, in commitment to the first target in the work of the government program, which is represented by combating corruption, which is a basic criterion for the citizen's belief in the system and the political process as a whole," noting "the importance of internal control; as it is the system that corrects the course of the institution's work and guarantees preventing the waste of public money, and it does not mean bureaucracy and obstruction, but rather an honest and transparent path that deals with the law, its spirit and its goals before implementing its instructions."

He pointed out that "what was issued by the supreme religious authority last November proved the government's seriousness in making combating corruption a top priority, and that deviating from this path will affect the performance of the rest of the entitlements in combating unemployment, providing job opportunities, economic reform and services." He explained that "internal oversight is the first line of defense against corruption, to protect the government institution itself, and to purify its work, and the total amount spent on service projects for ministries and governorates during 2024 amounted to 12 trillion dinars," adding that "what was achieved during the past two years gave hope to citizens and confidence in the state and optimism that the country is on the right track."

He explained that "corruption has become like a virus, mutating and adapting itself in light of the measures taken by the oversight bodies, and decisive treatments have been put in place in government work with complete transparency and clarity, and within the framework of the law to combat corruption."

He continued: “We have made the issue of supporting internal oversight and developing its work at the forefront of the procedural links within the anti-corruption methodology, and the levels of internal auditing have been raised to general directorates to ensure full empowerment in their work in combating corruption,” noting that “we have proceeded to find legal legislation in accordance with the Constitutional Article (108) to regulate the work of the directorates and enhance their independence in performing tasks.”

He added: “We supported the recommendations of the first anti-corruption conference, most notably enhancing the work of internal oversight departments with human resources and competencies,” stressing that “periodic evaluation of the performance of those in senior positions is necessary to ensure the effectiveness and performance of government institutions, to prevent corruption.”

He noted that “we have directed to expedite the resolution and completion of reports, complaints and criminal cases, within the legally specified time limits, and we emphasize following up on issues related to public opinion, large amounts of corruption and senior state employees, to impose legal penalties on those convicted,” stressing “the need to emphasize enhancing confidence in accountability and accountability procedures, to ensure achieving general deterrence.”

The Prime Minister stressed, according to the statement, “the concerted effort to transform integrity into a social culture that disavows corruption and besieges it within society,” indicating “his support for all efforts that revealed small details of corruption and led to the recovery of huge sums of public money.” He added, “We have made the recovery of wanted persons and stolen funds a condition and a file in our international relations, and we support the outcomes of your conference and all blessed national efforts to enforce the law and protect Iraqis’ money.”  link

Mot: Ya Knows - Back in My Day 

Mot: . but why does wrong feel so so so RIGHT 

News, Rumors and Opinions Sunday AM 2-9-2025

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. 9 Feb. 2025

Compiled Sun. 9 Feb. 2025 12:01 am EST by Judy Byington

Global Financial Crisis: (Rumors)

Sat. 8 Feb. 2025 The QFS Reclaims Stolen Wealth! …Final Warning on Telegram

The Quantum Financial System (QFS) just delivered a MASSIVE BLOW to the Cabal! Trillions in stolen silver, (allegedly) hidden in underground bunkers for decades, are being seized by military forces and integrated into the QFS. This is a turning point—HUMANITY’S LIBERATION from financial slavery is (allegedly) happening NOW!

As of February 2025, over $2 TRILLION in silver has been (allegedly) reclaimed! And this is just the beginning! Trillions in Silver (allegedly) Unearthed! Military forces have (allegedly) uncovered secret silver reserves hidden by the elites:

Nevada – A decommissioned Cold War bunker(allegedly)  held 3,000 metric tons of silver bars!

Mexico & Guatemala –(allegedly)  Stolen from local mines, 4,000 metric tons recovered!

New York – Beneath a major bank, a vault holding 7,500 metric tons of unregistered silver was (allegedly) seized!

Silver: The Heart of the QFS Reset: The QFS is (allegedly) about to explode silver’s true value—expect prices to SKYROCKET to $1,500/oz or MORE! This isn’t just currency—it’s the backbone of the quantum economy, powering Starlink, military-grade encryption, and advanced tech!

Silver-Backed Certificates & Debt Relief Incoming! In January 2025, silver-backed certificates launched within the QFS! Redemption Centers are(allegedly)  preparing for a MASSIVE ROLLOUT—citizens will soon be able to (allegedly) exchange fiat for silver-backed wealth! Unlike worthless paper money, each certificate is (allegedly) tied to real silver, guaranteeing security and financial FREEDOM!

The Cabal’s Sabotage EXPOSED! Mysterious refinery fire in Utah—a (allegedly) desperate attempt to destroy evidence! Cyberattacks on Redemption Centers—neutralized by Starlink’s quantum AI! Fire news calling it a “conspiracy theory”—a last-ditch effort to keep YOU blind!

Starlink’s Operation SkyNet: Crushing the Cabal! Military forces just (allegedly) intercepted a smuggling ship in the Pacific loaded with 800 metric tons of stolen silver. THE CabaL IS LOSING CONTROL!

March 2025: Silver Revaluation & NESARA/GESARA Looming! Financial insiders say the public announcement is(allegedly)  imminent—the elites are TERRIFIED because their paper money SCAM IS COLLAPSING!

Read full post here:  https://dinarchronicles.com/2025/02/09/restored-republic-via-a-gcr-update-as-of-february-9-2025/

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

MarkZ   [via PDK]  I am hearing a lot of fun stuff from Iraq and from groups. Expectations are through the roof right now...I am almost afraid to tell you all how excited I am for the next few days and the next week or two. This roller coaster is bad enough…but I am quite literally bouncing today. I hope and pray we are through by next Saturday

Frank26    [Iraq] has the potential to come out at a ridiculous exchange rate just like Kuwait did 30 years ago when they went through a re-denomination and a revaluation of their currency...about $15.  But it only lasted for about a week and it went back down to 3 to 1...IMO it was a window created for the whales and sharks to take advantage of...Iraq has learned from Kuwait mistakes.  If you come out at a high rate like that...you destroy everything you worked to create the security and stability of their currency.  And it would destroy their economy, GDP, economic reform, monetary reform.  Inflation would go up.  I don't think we're going to see a ridiculous rate at the onset.  But I think we'll see the same rate that is floating in the Middle East which holds the most powerful currencies in the world at 3 to 1 to the dollar.

Gold Signaling Economic Reset & Banking Failure | Chris Vermeulen

Liberty and Finance:  2-8-2025

Chris Vermeulen forecasts that the rise in gold prices is signaling an impending market reset. He believes that gold is a global barometer, and its increasing value indicates that we are nearing a financial or economic reset, as more people seek to move wealth out of the stock market, real estate, and the banking system.

Vermeulen points out that as gold moves up, it suggests people are preparing for potential market corrections and instability. He emphasizes that physical gold, in particular, is a solid investment right now, as it offers protection against financial system risks.

According to him, this trend of rising gold prices, especially with significant gold transfers to the U.S., is a sign that major global players foresee financial turbulence ahead.

INTERVIEW TIMELINE:

0:00 Intro

1:40 Gold market

 4:51 Retail investors vs insiders

9:49 Silver update

12:27 Stock market

16:28 The Technical Traders

https://www.youtube.com/watch?v=GZ7zFHEMT6g

Saturday Night “Humor While We Wait” Posted by Mot at TNT

TNT:

Mot: "THE HUSBAND STORE"

A store that sells husbands has just opened in New York City , where a woman may go to choose a husband. A mong the instructions at the entrance is a description of how the store operates.

"You may visit the store ONLY ONCE! There are 6 floors and the attributes of the men increase as the shopper ascends the flights There is, however, a catch: you may choose any man from a particular floor, or you may choose to go up a floor, but you cannot go back down except to exit the building."

So, a woman goes to the Husband Store to find a husband. On each floor the signs on the doors read:

FLOOR 1 - These men have jobs.

FLOOR 2 - These men have jobs and love kids.

FLOOR 3 - These men have jobs, love kids, and are extremely good looking.

"Wow," she thinks, but feels compelled to keep going. She goes to the 4th floor and sign reads:

FLOOR 4 - These men have jobs, love kids, are drop-dead good looking and help with the housework.

"Oh, mercy me!" she exclaims, "I can hardly stand it!" Still, she goes to the 5th floor and sign reads:

FLOOR 5 - These men have jobs, love kids, are drop-dead gorgeous, help with the housework, and have a strong romantic streak.

She is so tempted to stay, but she goes to the 6th floor and the sign reads:

FLOOR 6 - You are visitor 3,261,496,012 to this floor. There are no men on this floor. This floor exists solely as proof that women are impossible to please. Thank you for shopping at the Husband Store. 😄

( Author Unknown)

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Mot:  **Advice for Anyone Moving to the South**

1. **Save your bacon grease.** Trust us, you’ll find out why soon enough.

2. **Got your car stuck in a ditch?** Don’t fret. Four guys in a pickup with a tow chain and a 12-pack will show up in no time. Just step aside—they’ve been waiting for this moment.

3. **Language lesson:** “Y’all” is singular. “All y’all” is plural. “All y’all’s” is plural possessive. Got it?

4. **Prepare for the weather talk:** “It’s not the heat, it’s the humidity,” they’ll say. And when August rolls around, you’ll understand.

5. **No one cares how you did it up North.** Really, no one.

6. **Hot?** Don’t worry—it *might* cool off by December. If you’re lucky.

7. **Luxury status symbols?** Forget the Benz. Down here, it’s all about Chevy, Dodge, or Ford.

8. **"Fixin’ to”** doesn’t mean anything’s broken. It just means someone’s about to do something.

9. **Parking priorities:** Shade beats proximity every time.

10. **Road etiquette:** If a slower driver pulls onto the shoulder, that’s called “courtesy.” Take note.

11. **BBQ is sacred.** It’s not grilling burgers and hot dogs—it’s a way of life.

12. **Football is king.** Weddings, funerals, and even divorces are scheduled around the games.

13. **Ranch dressing:** It’s not a condiment; it’s a lifestyle.

14. **Honk at us?** Big mistake. We’ll sit there all day just to prove a point.

15. **Emergency vehicles?** We pull over. Always.

16. **Funeral processions:** We stop, turn off the music, and show respect. Men remove their hats, and some even place a hand over their heart.

17. **“Bless your heart”** isn’t a compliment. It’s Southern for “You’re an idiot.”

18. **Everything’s Coke.** Sprite? Coke. Pepsi? Coke. Mountain Dew? Yep, Coke.

19. **Weather in the South:** Don’t like it? Wait 15 minutes—it’ll probably change.

20. **And finally, it’s all in good fun.** Welcome to the South!

 Mot: . OLD is when...

Mot: . Not So Funny Now -- Is it 

Mot: ooooooooh lordy!!! -- the ""Top Ten""~~~~senior pick up lines

Iraq Economic News and Points to Ponder Saturday Afternoon 2-8-25

Trump Sanctions Send Iranian Currency To Biggest Collapse In 46 Years

08/02/2025  Mawazine News – Economy  Iranian markets witnessed a record collapse of the local currency, the largest in 46 years, as the US dollar jumped by 3,000 tomans to reach 89,000.

This decline comes in light of US President Donald Trump’s return, last Tuesday, to the “maximum pressure” policy against Tehran, which exacerbated the economic crisis and directly affected the foreign exchange market and gold prices, and was followed by the US Treasury imposing sanctions on Iranian oil exporters.

Gold prices also recorded a significant increase in Iran, amid these fluctuations.
According to exchange centers, the euro reached 91,200 tomans, while the British pound reached 111,800 tomans, representing the largest collapse of the Iranian currency since 1979 against the US dollar.

It is noteworthy that at the beginning of the current Iranian year, on March 21, 2024, the dollar was at around 61,000 tomans, reflecting a rapid deterioration in the value of the currency within a short period
https://www.mawazin.net/Details.aspx?jimare=259442

The Historic Resource Shift: Redefining A Country's Key Resources Or Inevitable Collapse

Abbas Karim Saddam 

First: Loss Of The Economic Value Of The Single Resource

Iraq is a rentier country that relies on a single source of income, and oil will begin to lose its economic value before 2050, i.e. after 25 years.

Not to mention its depletion, which represents the greatest danger, although it is remote and depends on many factors, but in the best forecasts it will not exceed 100 years, and this is not important at the current stage, as the debate now is about the loss of its economic value, not its depletion. Over the past century, oil has played its role as one of the most important drivers of the global economy and a major source of energy.

However, this role has begun to witness a clear decline due to the rapid changes in the global economic and technological landscape.

The International Energy Agency forecasts that by 2030 demand will decline significantly, while OPEC reports indicate that it will remain a major energy source until 2045. In any case, it will not be the only and major source of energy as it is now, and therefore demand will decline significantly.

In any case, it will certainly lose its economic value before these periods of time, whether optimistic or pessimistic. The bottom line is that the abundant returns currently achieved cannot be achieved in the very near future, and the loss of its dominant economic position has become a dangerous reality for several reasons supported by facts and indicators:

1. The rapid growth of renewable energy sources:

According to the International Energy Agency (IEA) 2023 report, renewable energy sources such as solar and wind are expected to account for 35% of total global energy production by 2030. This shift is driven by a more than 70% drop in the cost of renewable energy production over the past decade, making it more competitive than oil.

2. Global policies to reduce carbon emissions:

More than 130 countries have committed to achieving carbon neutrality by mid-century, putting oil in the crosshairs of anti-fossil fuel policies. For example, several major economies such as the European Union and China are phasing out fossil-fuel vehicles over the next two decades.

3. Oil price volatility and slow demand:

OPEC data suggests that oil prices are becoming more volatile as a result of declining global demand and changing economic priorities. Slowing population growth in many developed and emerging countries is reducing the need for traditional fuels.

4. Directing investments towards clean technologies:

Global investments in clean energy are set to reach around $1.7 trillion in 2023, surpassing investments in the oil and gas sector for the first time.

5. Energy storage innovations:

Energy storage technologies such as batteries have made a huge leap, with their cost falling by more than 80% since 2010, making renewable energy more viable.

The figure below shows the decline in reliance on crude oil as the sole energy source and the rise of other competing alternatives, and the gap is still growing.

While oil still retains some economic importance today, its future looks uncertain in light of the ongoing transformations. The world is moving steadily towards a carbon-free economy based on sustainable sources, which means that oil may no longer be the primary driver of the global economy it once was. Companies and countries that invest now in clean energy and future technologies will be the winners of this historic transformation.

Second: Increase In Public Spending In The General Budget

In light of these increasing risks that threaten the only source of income, Iraq is still a country that consumes everything and produces nothing, and the consumption bill is increasing annually, in addition to the change in the consumption pattern that necessarily imposes an increase in consumption as well, meaning that the size of spending in the general budget is constantly increasing with or without our desires, in addition to the steady increase in population.

The chart below shows two facts: the first is the extent of the increase in spending over the years, and the second is the degree of its association with fluctuations in crude oil prices, as Iraq witnessed two severe crises due to the decline in prices, in 2014 and what followed, when Iraq was forced to implement austerity policies that reflected a severe recession in local markets in addition to popular anger due to the increasing pressures, and the other in 2019 and what followed due to the Corona crisis.

In both crises, the savior to restore economic activity to normal was the rise in oil prices again, meaning that the crisis had extended for a longer period, the situation would have been very difficult, and unfortunately we did not seize the risks imposed by the fluctuations to carry out real reforms, and the figure below shows The amount of spending increases annually.

Although Iraq mainly focuses on exporting crude oil, there are some other commodities that it also exports, although the volume of their exports does not reach the level of oil exports. The following are the most prominent commodities that Iraq exports:

2.Agricultural products:

Dates: Iraq is one of the largest producers of dates in the world and exports large quantities to the Gulf countries and Europe.

Fruits and vegetables: Exports include watermelons, tomatoes, grapes and cucumbers, and are mainly exported to neighbouring countries.

3. Animal products:

Meat: Iraq exports meat and some animal products to the markets of neighboring countries, such as Saudi Arabia and Jordan.

Eggs and dairy products: Limited exports compared to other countries, but contribute to the diversity of Iraq's non-oil exports.

4. Manufacturing industries:

Chemical products: This includes fertilizers, pesticides and some chemicals that Iraq produces locally.

Plastic Products: Iraq exports some locally manufactured plastic products, such as plastic bags and other supplies.

Metal products: such as iron wires and other metals used in construction and heavy industries.

5. Textiles and clothing:

Iraq has a relatively small textile industry, but some fabrics and clothing are exported to countries in the region.

6.Wood products:

It includes the export of furniture and manufactured wood products in Iraq, but its volume is still limited compared to other exports.

The figure below shows the Iraqi economy's dependence on crude oil and the differences between it and other exported commodities.

Third: Non-Oil Trade Deficit

Despite the export of these products, they do not represent an influential value in the general budget or the local economy, as the non-oil trade balance is witnessing a long and continuously widening deficit. Despite the increase in exports in recent years, the gap is still increasing due to the increase in imports as well, which constitutes pressure.

The trade balance deficit is due to many well-known reasons, including the heavy reliance on imports, weak economic diversification, weak local infrastructure, trade policies, the impact of political and security crises, the difficulty of attracting foreign investments to develop non-oil sectors, the weakness of the agricultural and industrial sector, and the decline in the competitiveness of non-oil exports. The trade deficit leads to several results that negatively affect the economy, the most important of which are:

1. Increasing dependence on oil revenues: The non-oil trade deficit leads to a deepening dependence on oil as a primary source of hard currency, which exposes the economy to the risks of global oil price fluctuations. In the absence of economic diversification, the Iraqi general budget is sensitive to any decline in oil prices.

2. Pressure on foreign exchange reserves: To finance imports and cover the deficit, Iraq relies on its foreign exchange reserves, which leads to the depletion of these reserves, which then leads to a weakening of confidence in the economy and increases the risks of exchange rate volatility.

3. Increase in external debt: Assuming the absence of income generated from the sale of crude oil or the loss of part of it, the trade deficit pushes the government to borrow externally to finance imports and bridge the gap between exports and imports. As a result, the accumulation of debt weakens Iraq’s ability to invest in productive sectors and increases the burden of debt service in the future.

4. Effects on the private sector: The influx of imported goods at low prices leads to unfair competition with local products, which weakens local industry and agriculture, closes local factories and increases unemployment as a result of the decline in competitiveness.

5. Deterioration of the exchange rate: The continued deficit weakens the Iraqi dinar against foreign currencies as a result of the increasing demand for the dollar to pay the import bill, and then the process of defending the stability of the exchange rate leads to the erosion of foreign reserves.

6. Weak economic growth: The trade balance deficit reflects an imbalance in local production, which reduces the contribution of non-oil sectors to economic growth. As a result, reliance on imports limits the development of local productive sectors.

8. Economic instability: The persistent deficit undermines financial and economic stability, making the country more vulnerable to economic and political shocks, and lowers confidence in the economy, leading to a reduction in the flow of foreign and domestic investment.

9. Loss of job opportunities: The weakness of local productive sectors due to reliance on imports leads to a reduction in job opportunities in the industrial and agricultural sectors, and the increase in unemployment increases social and economic challenges. The figure below shows the non-oil trade balance and the widening deficit gap.

Fourth: Available Opportunities
`
Despite this pessimistic outlook, we still have a chance to change the future if we start working now, as we are in a race against time to save our future generations, which requires first understanding the risks facing the country’s future and taking them seriously.

The process of diversifying the economy to create sectors capable of generating income sufficient for consumption with the advent of an era in which oil loses its economic value, i.e. sectors capable of achieving the same level of income that meets the natural needs of the population, is not an easy task, as these sectors must achieve the same returns that suffice the operational needs of the population and the investment needs of the state.

To start creating these sectors, we need time, at a time when we have not yet provided the basics. In order to ensure that these sectors are capable of achieving this level of income, we need years to test, modify, develop and enhance them to ensure their ability to generate this income. The reader can imagine the time that this requires.

Below is a set of solutions that depend on changing the state’s philosophy in view of its main resources, capable of creating economic diversity through a combination of state resource intervention and support for the business sector, relying on the country’s available human resources:

Redefining resources at the level of the Iraqi state, instead of relying on oil as a primary resource, to focus on the human resources that Iraq is distinguished by, as the population structure is concentrated in the youth category as a primary resource for the country.

A revolution in legislation that serves the business sector to build a strong local business sector that contributes to achieving diversity and is able to absorb the country’s young capabilities.

Exploiting the enormous young human energy and transforming them into businessmen capable of contributing to creating diversity instead of employees whose wages are added to the total spending bill.

Modifying labor market inputs to match the jobs required in the market, and adopting global markets as a criterion for modifying inputs. This requires modifying university specializations or intensive systematic training of current capabilities to make them suitable for the next stage.

Encouraging leading companies in the local economy to establish effective business incubators to discover opportunities for added value.

Establishing state-owned business incubators with high financial capabilities managed in a private sector manner to finance projects that private incubators are unable to finance.

Establishing sovereign funds that focus on investing in vital local sectors and carrying out projects described as Mega Projects to give a strong boost to the economy and create diversity and job opportunities.

Identifying the economic sectors that are appropriate for the Iraqi economy and focusing on them, and asking important questions such as which goods to meet local consumption and which to export? Which goods do we import? Which are the target markets? To build a plan based on our comparative advantages in view of other markets.

Implementing the concept of "development from within", which refers to the use of local financial resources to achieve economic and social development and exploit financial abundance by focusing on mobilizing national resources and benefiting from local capabilities to finance development projects.

By mobilizing local resources and utilizing them efficiently. These resources include crude oil revenues, taxes, national savings, and private sector investments.

The most important objectives of financing development from within are to achieve financial independence, as it reduces dependence on external loans, which gives countries the ability to control their economic policies, stimulate sustainable growth, contribute to building a strong and sustainable economic base based on local resources, increase employment, enhance local industries, as well as harness the financial abundance available to a country to serve development.

Sources of financing development from within are represented by oil revenues, which are the most important source of financing development, as financial abundance provides an exceptional advantage to achieve a high level of development, and the tax system: Improving the tax system to achieve revenues from individuals, companies and the private sector:

Stimulating private investments in development projects by improving the business environment and reducing bureaucratic obstacles, and this is done through a package of legal legislation that helps businesses grow.

Restructuring the public sector and privatizing public companies with the aim of transforming them into profitable companies that create added value, in addition to getting rid of their spending bills.

Promoting the country abroad in a systematic and focused manner and rebuilding a new impression of security stability and the availability of important investment opportunities and major opportunities to achieve exceptional profits, which will encourage companies to come to Iraq and rethink establishing large projects. This requires serious work from the Ministry of Foreign Affairs.

Developing the banking sector to make it effective and capable of creating cash flow within the economy by attracting local or foreign deposits and re-employing them through effective lending policies.

These are dangers that threaten us and our future generations, and we must be alert to them. If we do not start seriously today, understanding the dangers surrounding the country, its future will not be better than the worst African country, and this is certain.

The challenges are serious and dangerous at the same time, and they require serious and real work. Starting now in a random manner is better than starting tomorrow in an organized manner, and we do not know when this “tomorrow” will come!   https://economy-news.net/content.php?id=52611

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

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 2-8-25

Good Afternoon Dinar Recaps,

COINBASE TO FACE LAWSUIT OVER UNREGISTERED SECURITIES SALES, JUDGE RULES

Coinbase said the judge’s opinion “narrowed the scope of discovery in this case,” adding, “We look forward to vindicating the remaining claims” in court.

A US federal judge has rejected Coinbase’s argument that it does not meet the definition of a “statutory seller” under federal law, forcing the cryptocurrency exchange to face an investor lawsuit in the state of New York.

According to a Feb. 7 Reuters report, US District Judge Paul Engelmayer has compelled Coinbase to face plaintiffs’ allegations that it sold securities without registering as a broker-dealer. Specifically, the plaintiffs accused Coinbase of selling 79 cryptocurrencies that were securities without proper registration.

As Cointelegraph reported, the class-action lawsuit was initially dismissed in the District Court of Southern New York in February 2023. However, the Circuit Court of Appeals revived parts of the lawsuit more than one year later.

As Reuters reported, Judge Engelmayer said that “customers on Coinbase transact solely with Coinbase itself,” which suggests that the exchange was a seller.

In a written response to Cointelegraph, a Coinbase spokesperson said:

“Coinbase does not list, offer or sell securities on its exchange. Today’s opinion importantly narrowed the scope of discovery in this case, which is significant. We look forward to vindicating the remaining claims in the district court.”

Ongoing lawsuit with the SEC

Coinbase has been mired in a lawsuit with the US Securities and Exchange Commission since June 2023, when the regulator accused the exchange of operating an unregistered securities platform and failing to register as a broker.

In January, Coinbase asked a US appeals court to rule that cryptocurrency trades are not securities. In the filing, Coinbase argued that trades facilitated on its platform should not be classified as securities trades “but asset sales of digital assets rather than physical ones.”

Coinbase has also sued the SEC and Federal Deposit Insurance Corporation for allegedly attempting to “cut off digital-asset firms from essential banking services.” The exchange also alleged that both agencies failed to comply with Freedom of Information Act requests.

Coinbase plays a major role in the US cryptocurrency market. It’s not only the country’s largest crypto exchange by trading volume but is also the largest custodian for the US spot Bitcoin exchange-traded funds.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

PETER SCHIFF SLAMS BITCOIN SUPER BOWL AD, SPARKS DEBATE

Peter Schiff criticized a Bitcoin Super Bowl ad, accusing it of false advertising for claiming Bitcoin is backed by energy.

He argued Bitcoin neither stores nor can be redeemed for energy, urging FTC intervention. 

In response, Dan Victor, CFA, highlighted that Bitcoin relies on decentralized computing power, which requires energy. 

Schiff dismissed this as semantics, asserting Bitcoin resembles fiat currency, backed by faith rather than tangible assets like gold. 

This sparked renewed debate over Bitcoin’s intrinsic value, especially as mainstream promotions like Super Bowl ads amplify crypto’s reach.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

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Gold Shortage Coming? Why $82 Billion Left London Ahead of Trump Tariffs

Gold Shortage Coming? Why $82 Billion Left London Ahead of Trump Tariffs

Daniela Cambone:  2-7-2025

A dramatic shift is occurring in the global gold market as a significant amount of bullion, estimated at $82 billion, is being withdrawn from the vaults of the Bank of England and shipped across the Atlantic to New York.

This exodus raises questions about the stability of London as a gold trading hub and highlights growing anxieties surrounding potential trade disruptions.

The primary driver behind this movement appears to be the looming threat of new tariffs on gold imports into the United States. According to veteran gold market analyst Adrian Day, as interviewed by Daniela Cambone on ITM Trading, the fear is that a future Trump Administration could impose hefty tariffs on gold coming from Europe and Britain.

“No one wants to import gold from Europe or Britain… if there’s a 10 or 20 or 30 percent tariff, no one’s going to do that,” Day explained.

Traders are preemptively relocating their gold reserves to the U.S. in anticipation of these potential levies, effectively stockpiling the precious metal within American borders.

This mass migration could temporarily create premiums due to supply and demand imbalances. However, Day emphasizes that this is likely a short-term phenomenon and won’t fundamentally alter the long-term demand or price of gold.

He believes that more significant drivers are at play, including continued central bank buying, robust consumer demand from China, and the potential for a weakening U.S. dollar. These factors, he argues, will continue to underpin gold’s value regardless of short-term tariff-related fluctuations.

While Day believes the tariff-driven gold shift is a noteworthy development, he is far more concerned about the overall health of the U.S. stock market.

He paints a concerning picture, stating that the market is in a “very dangerous situation” with what he describes as “the worst breadth in its history.” This suggests a growing divergence between the performance of a few mega-cap stocks and the overall market, potentially indicating a bubble waiting to burst.

The current gold rush from London to New York, fueled by fears of impending tariffs, underscores the sensitivity of global markets to political uncertainty and potential trade wars.

While the shift may create temporary market distortions, experts like Adrian Day believe that the long-term fundamentals driving gold demand remain strong. However, his warnings about the U.S. stock market’s fragility should serve as a reminder that macroeconomic risks extend beyond the precious metals market.

The coming months will be crucial in determining whether these fears materialize and how the global economy will respond.

https://youtu.be/w6sQ91pboIw

News, Rumors and Opinions Saturday 2-8-2025

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

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 8 Feb. 2025

Compiled Sat. 8 Feb. 2025 12:01 am EST by Judy Byington

Judy Disclaimer: Please be aware that I can only report the news as I find it, try to credit articles with their original author and am not responsible for the content, which may or may not be true. I encourage you to do your own research and make up your own mind as to what is happening in this great War of Good Against Evil.

Global Financial Crisis:

Fri. 7 Feb. 2025 A retired international banker: “All the big banks, including all international Central Banks, are broke because of fractional banking. They lend out fiat money. They manipulate interest rates on their fiat money. If we did what they commonly do, we’d be in jail.”

~~~~~~~~~~

Rumors:

Fri. 7 Feb. 2025: BREAKING NEWS! NESARA and GESARA Are Here: The Global Financial Reset is Happening NOW! …The 17th Letter on Telegram

Patriots, the moment we’ve been waiting for is upon us. NESARA and GESARA are no longer just whispers—they’re happening right now. The global elite who’ve enslaved us for centuries are crumbling, and a massive wealth redistribution is imminent. The new world order they tried to impose is falling apart, and a new era of freedom and prosperity is dawning.

The Financial Collapse: Banks Crumble, CEOs Resign: Look around—Silicon Valley Bank collapses, financial markets are in chaos, and top CEOs are resigning by the dozens. This isn’t random; it’s the dismantling of the corrupt financial system.

NESARA is draining the swamp, and the Federal Reserve’s time is up. They’re desperately pushing Central Bank Digital Currencies (CBDCs), but it’s too late.

 The NESARA-backed, gold-standard US Treasury system is ready to take over, and the old dollar will soon be history.

New Currency on the Horizon: Rainbow Notes Are Here: Have you seen those strange “special edition” bills? That’s (allegedly) the new Rainbow Currency, quietly being tested across the country. These gold-backed notes are part of NESARA’s plan to wipe out fiat currency and usher in a new era of financial security. The dollar as we know it is about to be replaced—get ready.

Wealth Redistribution: Prosperity for All: The biggest bombshell? The Prosperity Fund. Massive wealth redistribution is coming. Debt forgiveness is already starting, tied directly to the Global Currency Reset and Revaluation (GCR-RV). Soon, every person on this planet will be debt-free, with enough wealth to live freely.

The Revolution Is Here: Prepare Yourself: NESARA and GESARA are transforming the world. The signs are everywhere—bank collapses, CEO resignations, new currencies, and a technological revolution. The global cabal is terrified, but they can’t stop what’s coming. NESARA is inevitable, bringing freedom, peace, and prosperity to every corner of the globe.

Share this message, prepare for change, and step into a world where we, the people, hold the power. The revolution is here—let’s be on the right side of history!

Read full post here:  https://dinarchronicles.com/2025/02/08/restored-republic-via-a-gcr-update-as-of-february-8-2025/

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

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

Militia Man  Article: "Exceptional efforts made by the ministry in coordination with government agencies to hold a 3rd round of negotiations for Iraq's assassin to the World Trade Organization after 16 years as Iraq submitted files for goods and services and reviewed economic reforms..."  I think you guys can get the picture.  If the United States thinks the security and stability is going to be good, they're going to be there. 

Fnu Lnu  [Reference Fnu Lnu 2-6-2025 post below]  The Iraqis should be proud of achieving this [international level of cross border training] status as it is the last of the reforms and the last of many. Such a kickstart and renovation of a nation that has been so far behind the rest of the world has never been attempted before.   It has been a long arduous challenge and the diligence of many brilliant people will very soon bring forth the moment we have all been awaiting. In my 14 years of being involved in this investment...I have never been so pleasantly enlightened and uplifted about our impending success.

Shocking TRUTH About U.S. Debt Revealed

George Gammon:  2-7-2025

https://www.youtube.com/watch?v=vNLkYDliRw8

SILVER ALERT! Silver Has Never Been Closer to BLASTOFF!! Now it's Physical Silver ONLY!!

(Bix Weir)  2-7-2025

This month the COMEX Silver contract will deliver on more physical silver contracts than any previous "Non-Delivery Month" in history! Also, in about 8 days India will announce that a MASSIVE amount of physical silver was imported into India in January 2025. All the signs are there for a Silver BLASTOFF/MOONSHOT!

https://www.youtube.com/watch?v=2vKYAx5Gk30&t=10s

Weekend Coffee With MarkZ 2-8-2025

Weekend Coffee With MarkZ   2-8-2025

MarkZ  Update- Some highlights by PDK-Not verbatim

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

MZ: We start today with the CBD Guru’s fellows for the first 45 minutes and then tackle the news.

Member: Good Morning everyone

Member: Sure would like to see that debt jubilee happen about now

Member: .. a true Jubilee was every 50 years ... all business was setup accordingly ... it was a scheduled date 50 years in advance ... it was a multi-year celebration ... & strict laws concerning it ...

MZ: I am hearing a lot of fun stuff from Iraq and from groups. Expectations are through the roof right now.

MZ: I am hearing the liquidity has been released and More groups right now are sending people to execute payments ect…in the western direction right now -towards Reno. ..These contacts are at the “upper end “ of some groups. One of my best contacts already went there earlier this week. I hope this means we are close.

MZ: Is it possible we will see something Monday morning?  It’s possible. 

MZ: But stay calm as there are a lot of moving pieces right now. There have been tons of comments from groups and contacts in Reno that have suddenly awakened. It is busier then we have seen it in years. Reno contacts are very optimistic.

MZ: More than one person told me that for a short time on the forex they saw the dinar at around one US dollar . I think this may be a little more testing….they have not opened it up for exchange yet….. Don’t panic…I don’t think this is the rate …but if it is I will take it and be happy. (Mark shows a picture of Forex rates) So this puts one IQD just under one US dollar .

MZ: I do find it interesting that a number of regular, traditional , normal bank employees have to work on this weekend…Some have nothing to do with redemption. But there are also some redemption center/wealth management folks working this weekend for the second weekend in a row. They will not tell me what they are doing during these weekends. They are not allowed to. So I take that as a positive sign.

MZ: Some bond contacts believe they may be getting paid on Monday. Most of what I heard is to watch the 10th through the 12th. Monday is the 10th…so perhaps?

MZ: I did have a couple contacts tell me the M1 liquidity (money you can spend) portion is now being distributed and liquid to the groups this weekend for distribution this coming week. It was exciting to hear this and hope it holds up. Now we just need members of the groups to get a call (on Monday?) Saying “Hey- go look at your bank accounts”

MZ: No news from CMKX and Prosperity packages. Doesn’t mean nothing is happening. It just means they are not sharing it right now.

MZ: We do not have the budget or budget tables in today’s Gazette.

MZ: “Iraqi Parliament : Stopping the export of Kurdistan oil cost the treasury 13 trillion dinars”  They want to tell us just how stinking expensive it was when they shut it down. They have resumed selling oil and worked out salaries with Baghdad and Kurdistan….we seemed to be past over 90% of the differences with Baghdad and Erbil.

MZ: There are high level meetings going on in Iraq today with parliamentary members and members of the KRG in Baghdad….seeing if they can finalize those budget tables. We hope to see major progress in Iraq this weekend.

Member: I wonder- Will Iraq have to have a new rate before they start selling their bonds? Heard the bonds are going on sell Monday.

MZ: “Stable outlook for Iraq’s credit rating  for domestic and foreign operations”  projects are starting to pay off ahead of schedule. They are clearly investing in the future.

MZ: “ The IRS-Service outage on Feb. 9th starting at 1AM to 7 AM.” Looks like they are doing some kind of big update.

Member: The politics finally seems to be lining up, including the closure of the IRS

Member: DOGE Squad is operating with military-grade precision, executing full-spectrum ISR (Intelligence, Surveillance, and Reconnaissance) to systematically map, track, and expose entrenched corruption.

Member: NBC 4 Washington NEWS stated DOGE story is putting the FD.I.C on the chopping block this weekend Great!

Member: so no tax on our exchanges?

MZ: I don’t think we will be taxed…but be prepared-just in case. Prepare for the worst and expect the best.

Member: Bloomberg reporting that the UAE is giving Zimbabwe a lifeline of foreign investment

Member: India has a 60 percent tax on cash withdrawals over a small amount if you can't prove where you got it. I am very surprised

MZ: An interesting one. ”China is allowing insurance funds to buy gold” China is trying to shore up its insurance industry. One of these ways is to allow folks to have gold. Gold is where the world is heading and China has been buying up physical gold at historic speeds.

Member: Mark, have we told you lately that we appreciate what you share!

Member: so any chances it will happen this weekend?

MZ: I am almost afraid to tell you all how excited I am for the next few days and the next week or two. This roller coaster is bad enough….but I am quite literally bouncing today. I hope and pray we are through by next Saturday. .

Member: Thanks all and have a wonderful Superbowl weekend….stay safe.

Member: Hoping and praying that next Week is our Boom Boom Boom!!!

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

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

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

THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Youtube:     https://www.youtube.com/watch?v=v3JsuL__RKk

Iraq Economic News and Points to Ponder Saturday AM 2-8-25

Al-Sudani Asks The Trump Administration To Continue Granting Iraq An Exemption From Importing Iranian Gas

Energy   Economy News – Baghdad  Prime Minister Mohammed Shia al-Sudani called on Friday on the administration of US President Donald Trump to continue exempting Iraq from importing Iranian gas after the decision to cancel it.

US President Donald Trump recently cancelled the exemption granted to Iraq to import electricity and gas from Iran, as part of the new package of sanctions on Iran.

Al-Sudani said in an interview with Asharq Al-Awsat, "The previous (US) administration gave us an exemption from these sanctions," adding that "our government did not just request an exemption, but we also took the initiative to invest in the associated gas."

He added, "Iraq has a clear vision. In 2028, gas imports will end, and there will be clear energy independence," stressing that "in the end, we need this exception to continue throughout this period."

Al-Sudani also pointed out that Iraq has begun "the process of linking energy with neighboring countries in order to cover our needs, and this is part of the concept of integration that we seek with our brothers."

He continued by saying, "The connection with Jordan has been implemented and currently western Iraq is being supplied with energy. It is hoped that during this year the connection with Kuwait and the Gulf group will be completed. We have also started contracting for the connection between Iraq and Saudi Arabia. The connection with Turkey has also been implemented and we have started receiving energy and as a result from the European Union."

The Prime Minister continued, "The Iraqi government has found solutions, and we certainly expect our friends in the United States to understand the government's plans so that they will allow us to continue to use Iranian gas until our projects are completed, in which any imported gas will be dispensed with."

For many years, Iraq has relied on importing electricity and gas from Iran, especially during the peak of summer, and thus relies on the ongoing American exemptions, which are issued more than once each year.

Recently, Iraq has moved to import gas from Turkmenistan, and it will also pass through Iranian pipelines, but it has not yet been implemented due to logistical and financial problems.

https://economy-news.net/content.php?id=52592

Iraq Announces A Decrease In Its External Debt And An Increase In Its GDP

Economy | 08:06 - 06/02/2025  Mawazine News – Baghdad  Technical advisor to the Prime Minister, Mohammed Sahib Al-Daraji, confirmed today, Thursday, that the volume of investments in Iraq amounts to about 60 billion dollars, while revealing a decrease in the external debt to 9.8 billion dollars.

Al-Daraji said in a statement to the official agency, which was followed by (Mawazine News): “Iraq’s gross domestic product exceeded $260 billion, which makes the ratio of external debt compared to the domestic product at a very low level, which opens the door to a new phase of external financing, but with studied conditions,” noting that “Iraq’s external public debt witnessed a significant decrease, as it decreased from $20.9 billion to $9.8 billion.”

 He stressed, “The importance of financing being directed towards productive projects capable of paying their debts on their own, instead of focusing on consumer or ill-considered projects.”

Regarding current investments, Al-Daraji indicated that “the volume of local and foreign investments in Iraq amounts to about $60 billion, most of which is in the real estate and housing sector, which is a good thing,” stressing, “the need to strengthen the role of the Iraqi investor and support him to diversify investments.”

He pointed out that “there is a large cash mass among citizens outside the banking system, which makes it economically useless if it remains stored in homes,” calling for, “transferring this money to investment projects.” It contributes to transforming them into assets that support the national economy and enhance sustainable development.”  https://www.mawazin.net/Details.aspx?jimare=259408

$17 Billion In US Oil Imports From 5 Arab Countries In 2024

Economy | 05:11 - 07/02/2025  Mawazine News – Economy  A new report by the Energy Research Unit revealed, on Friday, the amount of oil imports to the United States, which amounted to $17 billion from 5 Arab countries.

The report showed that US oil imports increased in 2024, with 5 Arab countries, led by Saudi Arabia and Iraq, accounting for 9% of the total imports of the world's largest crude oil consumer.

According to the Energy Research Unit report, US crude oil imports increased by 1.5% year-on-year, to reach 2.36 billion barrels (6.45 million barrels per day) during 2024.

The report stated that the volume of US oil imports from Saudi Arabia, Iraq, Libya, the Emirates and Kuwait amounted to nearly 208 million barrels, representing 8.8% of total US imports during the past year.
According to data collected by the Energy Research Unit, the value of US imports from the aforementioned Arab countries amounted to nearly $17.1 billion during 2024. According to the new report, we review the list of the largest Arab oil exporters to the United States during 2024, as follows:

1. Saudi Arabia: 98.14 million barrels.
2. Iraq: 70.51 million barrels.
3. Libya: 16.99 million barrels.
4. UAE: 14.22 million barrels.
5. Kuwait: 7.83 million barrels.

Arab oil exports to the United States from the 5 countries recorded 192 million barrels, equivalent to $16 billion during the first 11 months of 2024, according to periodic data collected by the Energy Research Unit on January 8, 2025.   https://www.mawazin.net/Details.aspx?jimare=259416

Oil Prices Rise Slightly In Early Asian Trade

Friday 07 February 2025 10:17 | Economic Number of readings: 224  Baghdad / NINA / Oil prices witnessed a slight rise in early Asian trading on Friday.

Brent crude futures rose 15 cents to $74.44 a barrel, and are heading for a 3.2 percent decline this week in the biggest decline since last September.

US West Texas Intermediate crude rose nine cents to $71.70 a barrel, and are heading for a 2.7 percent weekly decline.  This will be the first time in five months that prices have fallen for three consecutive weeks. / End2   https://ninanews.com/Website/News/Details?key=1184240

Gold Nears Sixth Straight Weekly Gain

Friday 07 February 2025 10:16 | Economic Number of readings: 234   Baghdad / NINA / Gold prices maintained their record high levels on Friday and are heading towards recording the sixth consecutive weekly gain.

Spot gold rose 0.1 percent to $2,859.59 per ounce, and has risen more than two percent so far this week. "  Gold had recorded an all-time high of $2,882.16 earlier this week."  US gold futures also rose 0.3 percent to $2,884.20. / End2   https://ninanews.com/Website/News/Details?key=1184241

National Security Advisor: We Agreed With Washington To End The Coalition Mission In September 2026

Time: 2025/02/07  Read: 2,685 times   {Politics: Al Furat News} National Security Adviser, Qasim Al Araji, confirmed the agreement with Washington to end the mission of the international coalition in September 2026.

The Commander-in-Chief of the Armed Forces, Prime Minister Mohammed Shia al-Sudani, confirmed in a press statement yesterday, "We have reached an agreement with the United States that there will be a timetable to end the mission of the international coalition over a period of two years ending in 2026, and then we will move to bilateral security relations.

We have actually started a bilateral dialogue with the United States and the rest of the countries of the international coalition, such as the United Kingdom, France, Spain and Italy."

Iraq and the United States announced in a joint statement on September 27, 2024, that the US-led coalition's military mission in Iraq would end by September 2025, with a transition to bilateral security partnerships.

The joint statement explained that the coalition's mission will end within 12 months, and no later than the end of September 2025. He added that the coalition's military mission in Syria will continue until September 2026.

Earlier this month, Baghdad and Washington reached an agreement on the withdrawal of international coalition forces from Iraq, according to a plan that is being implemented in stages.

Sources told Reuters a few days ago that the plan includes the withdrawal of hundreds of US-led coalition forces by next September and the rest by the end of 2026.  LINK

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