Seeds of Wisdom RV and Economic Updates Tuesday Evening 2-11-25

Good Evening Dinar Recaps,

AFTER PAUSING BRICS, SAUDI ARABIA INVESTS $600 BILLION IN THE US

Saudi Arabia was invited to join BRICS in 2023 but the Kingdom is yet to provide a decision on accepting the invitation. It has kept the decision to join the alliance on hold as it’s conducting business deals with the US. 

The Kingdom of Saudi Arabia is reluctant to join BRICS as it needs the support of the US and other Western countries to fulfill its Vision 2030 mission. Ending reliance on the US will only hamper its financial prospects and lead to economic stagnation.

Therefore, after pausing BRICS, Saudi Arabia plans to invest $600 billion in the US over the next four years. Crown Prince Mohammed bin Salman told US President Donald Trump that the Kingdom wants to invest the amount and expand trade. MBS said that the investments would create “unprecedented economic prosperity” for Saudi Arabia and the US.

However, the Kingdom did not detail in which sector the $600 billion will be invested. They did not make it clear if it would be invested in the private or public sector and provided little to no information on how the money would be deployed. The US investments are closely watched by BRICS as the alliance wants Saudi Arabia to join the grouping.

BRICS: Saudi Arabia To Invest $600 Billion in the US

The Crown Prince of Saudi Arabia revealed that the investment could rise if more opportunities arise. This shows that the Kingdom is open to more investments and aims to diversify the money across many sectors.

The investment “could increase further if additional opportunities arise,” said MBS. More than extending close ties with BRICS, Saudi Arabia is extending its arms to the US instead.

Trump seems happy with the deal considering it a trade and commerce victory for the US. “I did it with Saudi Arabia last time because they agreed to buy $450 billion worth of our product.

I said I’ll do it but you have to buy American product, and they agreed to do that,” he said, referring to his 2017 visit to the Gulf kingdom. Considering all these factors, Saudi Arabia might not accept the BRICS invitation as it’s building close relations with the US.

@ Newshounds News™

Source:  Watcher Guru

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EU VOWS COUNTERMEASURES TO US TARIFFS. BOURBON, JEANS, PEANUT BUTTER, MOTORCYCLES ARE EASY TARGETS

BRUSSELS (AP) — U.S. tariffs on steel and aluminum “will not go unanswered,” European Union chief Ursula von der Leyen vowed on Tuesday, adding that they will trigger tough countermeasures from the 27-nation bloc. It means iconic U.S. industries like bourbon, jeans and motorcycles should beware.

“The EU will act to safeguard its economic interests,” von der Leyen said in a statement in reaction to U.S. President Donald Trump’s imposition of tariffs on steel and aluminum on Monday.

 “Tariffs are taxes — bad for business, worse for consumers,”von der Leyen said. “Unjustified tariffs on the EU will not go unanswered — they will trigger firm and proportionate countermeasures.”

The EU trade minister scheduled a first emergency video meeting on the bloc’s response on Tuesday.

“It is also important that everyone sticks together. Difficult times require such full solidarity,” said Prime Minister Donald Tusk of Poland, which holds the EU presidency.

EU could target a range of US exports from motorcycles to whiskey
Just as Trump imposed similar tariffs during his first presidency, the EU countermeasures could easily amount to those that were used to retaliate then if the measures come into force March 12.

Bernd Lange, the chair of the European Parliament’s trade committee, warned that previous trade measures were only suspended and could legally be easily revived.

“When he starts again now, then we will, of course, immediately reinstate our countermeasures,” Lange told rbb24 German radio. ”Motorcycles, jeans, peanut butter, bourbon, whiskey and a whole range of products that of course also affect American exporters” would be targeted, he added.

The EU Commission, which negotiates trade relations on behalf of the bloc, said it is not clear what countermeasures would apply, but officials and observers have said they would target Republican states and traditionally strong U.S. exports.

In Germany, the EU’s largest economy, Chancellor Olaf Scholz told parliament that “if the U.S. leaves us no other choice, then the European Union will react united,” adding: “Ultimately, trade wars always cost both sides prosperity.”

European steel will be hard hit in trade war

European steel companies are bracing for losses.

“It will further worsen the situation of the European steel industry, exacerbating an already dire market environment,” said Henrik Adam, president of the Eurofer European steel association.

He said the EU could lose up to 3.7 million tons of steel exports. The United States is the second biggest export market for EU steel producers, representing 16% of the total EU steel exports. “Losing a significant part of these exports cannot be compensated by EU exports to other markets.”

Trump is hitting foreign steel and aluminum with a 25% tax in the hope that they will give local producers relief from intense global competition, allowing them to charge higher prices.

EU Commission Vice President Maroš Šefčovič said that the tariffs are “economically counterproductive, especially given the deeply integrated production chains established through our extensive transatlantic trade and investment ties.”

“We will protect our workers, businesses and consumers,” Šefčovič said, but added that “it is not our preferred scenario. We remain committed to constructive dialog. We stand ready for negotiations and to find mutually beneficial solutions where possible.”

The EU estimates that the trade volume between both sides stands at about $1.5 trillion, representing some 30% of global trade. “There is a lot at stake for both sides,” he told the EU legislature.

While the bloc has a substantial export surplus in goods, it says that is partly offset by the U.S. surplus in the trade of services.

The EU says that trade in goods reached 851 billion euros ($878 billion) in 2023, with a trade surplus of 156 billion euros ($161 billion) for the EU. Trade in services was worth 688 billion euros ($710 billion) with a trade deficit of 104 billion euros ($107 billion) for the EU.

@ Newshounds News™

Source:  AP News

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REDOTPAY PARTNERS STRAITSX, VISA TO LAUNCH CRYPTO CREDIT CARD

RedotPay teams up with Visa and StraitsX to launch a crypto credit card in Singapore, bridging digital assets with traditional finance

RedotPay has formed a strategic collaboration with Visa and StraitsX to launch a crypto credit card in Singapore.

By leveraging RedotPay’s advanced technology and Visa’s extensive global payment network, the partnership aims to bridge the gap between digital assets and traditional financial systems.

@ Newshounds News™

Read more:  BlockHead

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LIVE: PRES. TRUMP, ELON MUSK SPEAK AFTER EXECUTIVE ORDER SIGNING 

President Trump and Elon Musk answer reporter's questions. Elon explains transparency.

@ Newshounds News™

Source:  Youtube

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Evening News with MarkZ and Dr. Scott Young. 02/11/2025

Evening News with MarkZ and Dr. Scott Young. 02/11/2025

Short Q&A tonight

Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions

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/

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

Youtube:     https://www.youtube.com/watch?v=KBQAubXG1jg

Some “Iraq News” Posted by Clare at KTFA 2-11-2025

KTFA:

Clare:  Federal Court Decides to Cancel State Order to Stop 'Controversial' Laws

2/11/2025

Federal Court: The Constitution defines the system of government and guarantees freedoms and rights in Iraq

Chief Justice of the Federal Supreme Court: No law may be enacted that conflicts with the Constitution

 Federal Supreme Court rejects appeal against general amnesty, personal status and property return laws

The Federal Supreme Court decides to cancel the state order to suspend the implementation of the general amnesty, personal status and real estate return laws  LINK

Clare:  MP calls for enacting oil and gas law to solve salary crisis

2/11/2025

Information / Baghdad .. 

Member of the Oil, Gas and Wealth Committee in Parliament, Nazim Al-Shabli, called on the federal government today, Tuesday, to expedite sending the draft oil and gas law.  

Al-Shabli told / Al-Maalouma / agency, “The legislation of the oil and gas law is sufficient to solve the crisis of salaries of the region’s employees, indicating that the law contributes greatly to stopping oil smuggling in addition to addressing the salary crisis.”

He added that "the salary crisis is ongoing until now and there is hope and a beginning to solve it after the legislation of the oil and gas law in the Council of Representatives," noting that "the region continues to smuggle oil."

He stressed "the need to expedite sending the oil and gas law to solve the giant problems between Baghdad and Erbil." LINK

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Clare:  Iraq and Kuwait announce the imminent start of the meetings of the joint technical committees

2/11/2025

Prime Minister Mohammed Shia Al-Sudani received today, Tuesday, the envoy of the Emir of the State of Kuwait, Mohammed Abdullah Abu Al-Hassan, in the presence of the Kuwaiti ambassador to Iraq.

A statement from the Prime Minister's Office, a copy of which was received by {Al Furat News}, stated that "during the meeting, bilateral relations between the two countries were discussed, and ways to enhance and develop them, as the Kuwaiti envoy conveyed the greetings of the Emir of the State of Kuwait, Mishal Al-Ahmad Al-Jaber Al-Sabah, to the Prime Minister, and his country's satisfaction with the approach taken by the Iraqi government to resolve the common issues with his country."

The statement added that "the meeting witnessed an emphasis on the continuation of dialogue between the two brotherly countries, as it is the best way to settle the remaining files, as they will be discussed during the meetings of the joint technical committees that will start soon, and that the next stage will witness more bilateral dialogues and discussions."   LINK

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Clare:  Finance Minister stresses importance of regional and international cooperation to address growing economic challenges

2/11/2025 Baghdad

Finance Minister Taif Sami stressed, on Tuesday, the importance of regional and international cooperation to confront the growing economic challenges.

During her participation in the 9th Arab Public Finance Forum, organized by the UAE Ministry of Finance in cooperation with the Arab Monetary Fund and the International Monetary Fund, as part of the preliminary day of the World Government Summit 2025, with the participation of Arab finance ministers, economic experts and officials from international and regional financial institutions, according to a statement received by "Al-Eqtisad News",

The Minister of Finance stated, "The importance of adopting flexible financial policies to confront the growing economic challenges and achieve a balance between the requirements of development, financial sustainability and climate action has become an urgent necessity in light of the uncertainty witnessed by the global economy."

She touched on "the importance of structural reforms in enhancing financial stability and achieving sustainability of public spending," stressing "the need to develop financial policy tools to improve spending efficiency and enhance financial transparency."

She stressed "the importance of regional and international cooperation to support the efforts of Arab countries to confront economic challenges and achieve sustainable development."

The statement added that "the forum, held under the title (Public Finance Resilience in an Uncertain World), discussed ways to achieve this balance, through four sessions that discuss the most prominent economic challenges, including the effects of the macroeconomy on public finance, debt pressures, financial policies to adapt to climate change, and developing tax systems to keep pace with economic transformations."

Participants in the forum discussed mechanisms for financing sustainable development, the role of regional and international financial institutions in supporting Arab countries to achieve their economic goals, in addition to discussing the opportunities and challenges associated with adopting modern financial technologies to enhance digital transformation in the financial sector.

The forum concludes with a ministerial roundtable that brings together Arab finance ministers and officials from the International Monetary Fund and the Arab Monetary Fund to discuss mechanisms for regional financial cooperation and priorities for the next stage in economic and financial policies.LINK

Clare:  15 years of false promises... “Our money was lost between the Central Bank and Warka Bank”

2/11/2025 News - Local

Dozens of citizens demonstrated today, Tuesday, in front of the Central Bank in the center of Baghdad To claim their money deposited in Warka Bank for 15 years.

The correspondent said Sumerian News: “Dozens of citizens demonstrated this morning in front of the Central Bank gate.Iraqi in street Al-Rasheed, central Baghdad, to demand the bank's intervention to put an end to their ongoing suffering, as Al-Warka Bank, despite promises, refuses to pay depositors' money, the value of which has fallen by more than half in more than 15 years.

The reporter added, "The demonstrators appealed to all...Governments The previous and current Parliament to no avail, after their failure to appeal to the Central Bank and make false promises to pay their money,” noting that they “described what is happening as a stain on the brow of the banking system.”Iraqi In general and the Central Bank in particular.

 He said, "The demonstrators confirmed that their last resort is to appeal to the religious authority to intervene to put an end to their suffering."

 It is noteworthy that the Central Bank Iraqi He took previous measures against Al-Warka Bank, but to no avail, after his failure to provide solutions to the depositors.   LINK

Economist’s “News and Views” 2-11-2025

Vince Lanci: "Basel III, Tariffs, & Demand Are Setting Stage For Gold Market Reset"

Arcadia Economics:  2-11-2025

Amidst tariff confusion, strong institutional gold demand, and the implementation of Basel III in the US, Vince Lanci reports that we're seeing conditions fall in place that could facilitate a gold market reset.

 To find out more about what he's seeing, and why he feels that way, you'll want to see today's show!

https://www.youtube.com/watch?v=Jr0kkuDdLJ8

Why Sound Money Matters: Daniel Diaz on Gold, Silver, and Financial Freedom

The Morgan Report:  2-11-2025

In this discussion, David Morgan interviews Daniel Diaz, Executive Director of Citizens for Sound Money, about the growing movement to make gold and silver legal tender in the U.S.

Diaz shares his personal story, legislative successes in states like Louisiana and New Jersey, and ongoing efforts in Florida, Missouri, and South Carolina.

 With education initiatives, lobbying efforts, and a new Super PAC, the movement aims to restore financial freedom and push back against government overreach.

https://www.youtube.com/watch?v=V-jV2F3_Fa4

GOLD RUSH TO NYC: Is something BIG About to Happen?

Taylor Kenny:  2-11-2025

A major gold shortage is unfolding at the Bank of England, gold delivery wait times have jumped from days to months, and a mystery buyer is quietly accumulating massive amounts of gold on Wall Street.

 At the same time, the gap between spot and futures prices is widening, something we haven’t seen since 2020, when the financial system almost collapsed

CHAPTERS:

00:00 Wall Street’s Gold Hoarding Begins

01:07 Gold Shortage at the Bank of England

 02:13 Why Spot and Futures Prices Are Diverging

03:58 Is a Mystery Buyer About to Break COMEX?

05:37 Could Gold Be Revalued Soon?

07:13 Paper Gold Won’t Save You—Get the Real Thing

08:50 How to Protect Yourself Before It’s Too Late

https://www.youtube.com/watch?v=imD5kUZ_FsU

Iraq Economic News and Points to Ponder Tuesday Afternoon 2-11-25

Oil Steady As Investors Digest New US Tariffs

Energy   Economy News – Baghdad  Oil prices steadied on Tuesday as traders digested another round of trade tariffs, this time a 25 percent duty on all U.S. steel and aluminum imports, which could hurt global economic and energy demand in the world's biggest oil consumer.

Brent crude futures rose 11 cents, or 0.14 percent, to $75.98 a barrel by 01:28 GMT, while U.S. West Texas Intermediate crude rose 5 cents, or 0.07 percent, to $72.37.

US President Donald Trump decided on Tuesday to increase customs duties on steel and aluminum imports to the United States by 25% "without exceptions or exemptions" to help struggling industries that could increase the risk of a trade war on multiple fronts.

Investors had hoped that a Trump presidency would boost the energy sector, and the tariffs would affect millions of tons of steel and aluminum imports from Canada, Brazil, Mexico, South Korea and other countries.

Tariffs could weaken global economic growth and energy demand, leading to weaker oil prices.

Trump last week postponed imposing 25% tariffs on imports from Mexico and Canada, and 10% on Canadian crude oil, until March 1, pending negotiations with those countries.

The president also imposed an additional 10% tariff on China, to which Beijing responded by imposing its own tariffs on some US imports, including a 10% tariff on crude oil.

The Fed faces the risk of higher inflation. Keeping interest rates at higher levels could limit economic growth, which could impact oil demand growth.  https://economy-news.net/content.php?id=52683

Foreign Remittances Account For More Than 96% Of The Central Bank Of Iraq’s Sales

Buratha News Agency 14120 25-02-11   Foreign remittances, today, Tuesday, recorded a percentage exceeding 96% of the total sales of the Central Bank of Iraq in the hard currency auction, in an indication of the dollar’s ​​continued trend towards strengthening foreign balances.

Its sales in today’s auction amounted to 292 million, 823 thousand, and 314 dollars, at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, and foreign remittances, while the cash exchange rate amounted to 1305 dinars per dollar.

While most of the dollar sales were focused on strengthening external balances in the form of transfers and credits, amounting to 283 million, 373 thousand and 314 dollars, equivalent to 96.86% of total sales, compared to cash withdrawals that did not exceed 9 million and 450 thousand dollars.

The bank explained that only one bank bought the dollar in cash, while six banks met requests to enhance foreign balances, with 14 exchange companies participating in the auction. https://burathanews.com/arabic/economic/456295

Advisor To The Prime Minister: Iraqi-American Relations Are Very Good And The Speculations About Them Are Baseless

Time: 2025/02/11 Reading: 630 times  {Politics: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that relations between Iraq and the United States of America are very good and distinguished, and operate within a high-level diplomatic and economic framework.
Saleh told Al Furat News Agency that "the interests of the two friendly countries are moving in positive directions, especially in the field of economic, investment and trade cooperation."

He explained that "what is being raised by some parties regarding this relationship falls within the framework of political fears, concerns and baseless speculations, and is connected to the changes in the new administration in the United States and its connections with vast political geographies," stressing that Iraq is not a party to it.  LINK

Minister Of Finance Stresses Importance Of Regional And International Cooperation To Address Growing Economic Challenges

Tuesday 11 February 2025 | EconomicNumber of readings: 256  Baghdad / NINA / Minister of Finance Taif Sami stressed today, Tuesday, the importance of regional and international cooperation to confront the growing economic challenges.

Sami stressed, during her participation in the activities of the Ninth Public Finance Forum in Arab Countries, organized by the UAE Ministry of Finance in cooperation with the Arab Monetary Fund and the International Monetary Fund, within the preliminary day of the World Government Summit 2025, with the participation of Arab finance ministers, economic experts and officials from international and regional financial institutions, according to a statement by the Ministry of Finance,

 "the importance of adopting flexible financial policies to confront the growing economic challenges and achieving a balance between the requirements of development, financial sustainability and climate action has become an urgent necessity in light of the state of uncertainty witnessed by the global economy."

She pointed out "the importance of structural reforms in enhancing financial stability and achieving sustainability of public spending," stressing "the need to develop financial policy tools to improve spending efficiency and enhance financial transparency.

" She stressed "the importance of regional and international cooperation to support the efforts of Arab countries to confront economic challenges and achieve sustainable development."

The statement continued, "The forum, which is held under the title (Public Finance Resilience in an Uncertain World), discussed ways to achieve this balance, through four sessions that discuss the most prominent economic challenges, including the effects of the macroeconomy on public finance, debt pressures, financial policies to adapt to climate change, and developing tax systems to keep pace with economic transformations."

The participants in the forum discussed mechanisms for financing sustainable development, the role of regional and international financial institutions in supporting Arab countries to achieve their economic goals, in addition to discussing the opportunities and challenges associated with adopting modern financial technologies to enhance digital transformation in the financial sector.

The forum concludes with a ministerial roundtable that brings together Arab finance ministers and officials from the International Monetary Fund and the Arab Monetary Fund to discuss mechanisms for regional financial cooperation and priorities for the next stage in economic and financial policies. / End https://ninanews.com/Website/News/Details?key=1184958

Syria Asks Iraq To Open Its Borders To Export Goods

Reports

Syria is seeking to strengthen economic relations and resume trade with Iraq, but the emergence of complex obstacles threatens these efforts, starting with Baghdad’s refusal to register new Syrian companies, to the absence of official bank transfers between the two countries, according to Ibrahim Shalash, a member of the Syrian-Iraqi board of directors.

Shalash points out that despite Syria completing the requirements for operating the Albukamal crossing, the Baghdad government is still hesitant to open the border with Damascus, which increases the challenges facing Syrian exporters.

Waiting For The Iraqi Decision

He confirms that "the Syrian side in Albukamal has been ready for 15 days to receive Iraqi cars and trucks wishing to enter Syria, from all security and administrative aspects, including customs and passports," indicating that "the Iraqi side has not opened the borders yet."

“Syrian exporters are suffering from economic sanctions that are gradually being lifted, such as the Caesar Act and US and European sanctions. However, the biggest problem facing trade with Iraq remains the lack of banking cooperation between the two countries, as there are no official bank transfers, forcing traders to use the black market, where money is transferred at a rate of 1,500 Iraqi dinars per dollar, instead of the Central Bank of Iraq’s rate of 1,320 dinars per dollar,” he added.

Shalash pointed out that "this leads to an increase in the costs of Syrian products, in addition to the high cost of shipping between the two countries, which makes Syrian products reach Iraq at high prices compared to Iranian, Jordanian, Turkish, Emirati and Chinese products."

Industry And Market Competition

Shalash continued, saying, "The Syrian industry is one of the strongest industries in the region, whether in the pharmaceutical, textile, clothing or food sectors, as it is distinguished by a quality that surpasses many competing products."

He explained that "the Syrian industry has contributed significantly to reviving the Turkish economy, as between 2 and 3 million Syrians work in it," noting that "most of the Turkish clothes that reach Iraq are in fact manufactured in Syrian factories inside Turkey."

Regarding the export of Syrian medicines to Iraq, Shalash added that “Syrian medicine is widely accepted in Iraq due to its therapeutic effectiveness,” noting that “before the Syrian crisis in 2011, the Iraqi market relied heavily on Syrian products, which constituted about 70 to 80% of the total imported goods.”

He added, "There are more than 50 Syrian factories registered in Iraq and have local agents, but in recent years 15 to 30 new factories have been established, and they need to register with the Iraqi Ministry of Health to be able to export their products to Iraq."

Iraq Hinders Registration Of Syrian Companies

Shalash revealed that, “On January 13, 2025, the Iraqi Ministry of Health issued a decision to prevent Iraqi scientific offices from registering new Syrian companies, even though these factories were primarily targeting the Iraqi market.”

Shalash pointed out that "a meeting was held with the Iraqi Deputy Minister of Health, Hani Al-Aqabi, to discuss the repercussions of the decision and its impact on the Syrian economy, where Al-Aqabi requested a one-month grace period to reconsider the issue after the situation in Syria stabilizes."

He pointed out that "Al-Aqabi expressed his fear of sending a committee from the Iraqi Ministry of Health to Syria for security reasons, despite the assurance to him that the situation in Syria is stable, with guarantees provided to protect the committee by the Syrian security authorities, the Ministry of Health, and the Syrian ambassador in Baghdad, Sattam Al-Dandah."

Shalash stressed that "the security incidents in Syria are limited to specific areas, while Damascus, Aleppo, the Damascus countryside, and the industrial areas are completely safe, and life there is normal."

Iraq Ready to Resume Trade Exchange

For his part, the head of the Iraqi-Syrian Business Council, Hassan Al-Sheikh, said, "The Iraqi side has completed preparations to resume trade exchange with Syria, and has stipulated that the Syrian side establish an integrated outlet at the border, in order to ensure that smuggled goods do not enter."

The sheikh added, "The Syrian side has fulfilled all the requirements of the port, including securing guards, customs, passports and seals, and is now waiting for the Iraqi security leaders to sign an agreement regulating the work of the port, specifying the materials allowed to be exported and the required documents, such as certificates of origin, customs declarations and inspections."

The Sheikh pointed out that "the outlet will be ready during the current week, according to what the Iraqi side was informed of."

As for the materials that will be exchanged between the two countries, the Sheikh explained that “Iraq will export dates and some food and industrial products to Syria, while it will import from Syria sweets, pastries, fruits and vegetables, in addition to cosmetics, perfumes, medicines, medical supplies and others.”

Iraqi Trade Decides The Matter

In turn, the Iraqi Ministry of Trade responded to the issue of trade exchange with Syria.

Mohammed Hanoun, the spokesman for the Iraqi Trade Ministry, said, “There is no governmental cooperation between Syria and Iraq until the situation in Syria stabilizes so that the Iraqi-Syrian committee can complete its meetings and issue a report according to the data of the political system in Syria.”

Hanoun continued, "As for the Iraqi and Syrian private sectors, there is only trade exchange related to vegetables and simple things at the present time."

It is noteworthy that the Syrian Ministry of Economy revealed, in a special statement to (January 25, 2025), its plan to strengthen the local economy, which includes supporting exports, opening new markets for Syrian products, and enhancing trade exchange with friendly countries, including Iraq, in addition to developing the logistical infrastructure to facilitate export operations.

On January 6, 2025, the Syrian Minister of Economy in the interim government, Basil Abdul Hannan, revealed that there are government plans to develop economic relations with Iraq.

Abdul Hanan stressed that "developing economic relations between the two countries includes industrial integration, enhancing trade exchange, as well as providing facilities to facilitate the movement of goods and services, encouraging the establishment of joint investment projects, and simplifying customs procedures."   https://economy-news.net/content.php?id=52690

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

With Gold At an All Time High

With Gold At an All Time High, This Gold Company is Still Insanely Cheap

Notes From The Field By James Hickman (Simon Black) February 10, 2025

And almost on cue, gold is at another all time high today and rapidly closing in on $3,000 per troy ounce.

It’s not hard to understand why.

We’ve been talking about this for quite some time— foreign governments, central banks, and even some large foreign corporations now are trading their dollars for gold. And that’s going to have some unfortunate, negative consequences for the US.

I’m sincerely pulling for Elon and DOGE. I really am. And I think they’ve got a great shot at cutting hundreds of billions of dollars from the federal budget. These guys aren’t messing around and have no qualms about cutting everything that doesn’t make sense.

I also hope Congress and the White House find the courage to make critical reforms to Social Security (though I am less optimistic about that one).

And the final piece to the puzzle of getting America back on track, of course, is slashing regulation and getting back to capitalism. There certainly seems to be a lot of momentum in this direction.

The math is pretty clear: if they manage to succeed at these key challenges, then there is a good chance for the US to grow its way out of debt. But even that is going to take many, many years.

In the meantime the Treasury Department will still need to rely heavily on foreigners to buy (and continue to hold) US government bonds.

I’ve explained before that foreigners own roughly half of all fixed-rate, “marketable” US government debt. So they’re a pretty important lender.

And in order for this turnaround plan to work, the Treasury Department will need those foreign bondholders to keep investing and reinvesting in America’s national debt.

But right now there are a lot of foreign countries that are deeply concerned about holding US Treasury securities. This administration has already threatened even its friends and neighbors with tariffs, and the last administration had an endless fetish for sanctions.

Think about it like this: imagine you hold a good chunk of your money in a faraway bank, and your banker was constantly threatening to freeze your account and cut off access to your funds.

Sure, maybe it’s a very nice and prestigious bank. But after so many threats, would you still keep all of your money there? Would you still want your paycheck direct deposited into that bank, month after month? Or would you start looking around at alternatives?

That’s what’s driving the gold price right now. Foreign governments and central banks are wary about holding official US securities, gold is the most viable alternative. Just like dollars, gold has universal marketability— no central banker is worried about whether they’ll ever be able to sell their gold.

Plus virtually every other government and central bank owns gold, which means it can already be used to settle current and capital account deficits if necessary.

Concern over sanctions, inflation, and America’s gargantuan national debt led foreign officials to buy up more gold over the past couple of years. Overall, they made roughly $80 billion in excess gold purchases in 2023-2024, causing the gold price to jump from about $1,800 to over $2,900.

$80 billion is a drop in the bucket for foreign governments and central banks; they have 100x that much worth of US dollar reserves.

So if $80 billion of excess purchases resulted in a $1,000+ price jump in the gold price, what will happen if they buy $1 trillion or more in gold? That’s the potential scenario that could play out.

Either way, gold is at an all-time high today. But, quite bizarrely, gold-related companies are still at ridiculously cheap levels.

To give you an example, there is a company we presented not long ago to subscribers of The 4th Pillar, our premium investment research service; it’s a profitable gold company with an excellent, clean balance sheet, very little debt, and strong growth. In fact the company even pays a healthy dividend to shareholders.

Yet when we published our research on the company, it was only valued at a mere 5x Free Cash Flow. That’s practically nothing.

The stock has now more than doubled in price as some investors are starting to realize what we discovered and presented to our subscribers many months ago.

But even now, because current and projected earnings have continued to increase, the company is still extremely undervalued even though it doubled in price.

We still see a number of similar opportunities, i.e. gold-related businesses that may be paying strong dividends, have debt-free balance sheets, and are profitable, yet still trade at outrageously low valuations despite gold’s all-time high.

Another report we sent out to our premium subscribers just last week profiled an undervalued gold mining company that has an all-in production price of just $1,500 per ounce. And yet the business is valued at TWO times its expected earnings this year.

It’s really unusual to see such an anomaly, and it almost certainly will not last.

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

https://www.schiffsovereign.com/trends/with-gold-at-an-all-time-high-this-gold-company-is-still-insanely-cheap-152066/

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 2-11-25

Good Afternoon Dinar Recaps,

JUST IN: JEROME POWELL AGREES TO WORK WITH LAWMAKERS TO ADDRESS CRYPTO DEBANKING

In a bold move, Federal Reserve Chair Jerome Powell has called for a “fresh look” at debanking, following criticism that the crypto industry is being denied access to banking services.

Powell Agrees to Help End Crypto Debanking

During a Senate Banking Committee hearing on Tuesday, Tim Scott, the committee’s Chair, asked Jerome Powell if he would work together to ensure that financial regulations are fair and don’t impose unnecessary burdens, to which Powell agreed to collaborate with Tim Scott, stating that the Federal Reserve aims to avoid unnecessary burdens. Powell said that he is “struck” by the increasing number of Bitcoin and crypto firms being debanked.

He also emhasized that it’s important to re-evaluate the issue of debanking. “We don’t intentionally do these things, but sometimes regulation leads things to happen and we need to be working on that,” Powell added. Scott also asked Powell if he would commit to collaborating with lawmakers to end debanking, to which Powell agreed, saying “yes.”

Crypto debanking is once again a hot topic in Washington, with lawmakers holding hearings and launching investigations into the issue. Last week, both the House and Senate held two hearings to address the concern.

Fed Not In A Hurry To Cut Rates

Furthermore, Powell has emphasized that the US central bank is “in no hurry” to reduce interest rates, despite pressure from Donald Trump to lower borrowing costs in the world’s largest economy.

“With our policy stance now significantly less restrictive than it had been and the economy remaining strong, we do not need to be in a hurry to adjust our policy stance.” he noted.

This statement follows the Fed’s decision last month to keep the federal funds target range at 4.25-4.5%, after three consecutive rate cuts that lowered it by 1 percentage point. Most investors expect US rates to stay steady until around May or June this year.

Furthermore, Powell also confirmed that the Fed will not create a Central Bank Digital Currency (CBDC) under his leadership.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

BANKS EXPAND CRYPTO TIES TO CAPTURE IPO DEALS UNDER TRUMP: REPORT

Wall Street banks are pushing to land crypto IPO deals as Trump works to make the U.S. a crypto hub.

Big banks are looking to make more money more with crypto firms as initial public offering opportunities loom, Bloomberg reports, citing people familiar with the matter.

According to a Feb. 10 report, Morgan Stanley is now actively seeking crypto clients, while Bank of America is considering more deals, and Royal Bank of Canada wants to expand its crypto portfolio.

The spark of interest comes as exchanges like Gemini and Bullish consider going public. Kraken and stablecoin issuer Circle have also explored public listings before.

Banks are eager to grab these deals as the Donald Trump administration hints at loosening regulations to make the U.S. a crypto leader. At the Bitcoin 2024 Conference, Trump promised that, if elected, he would make the United States the “crypto capital of the planet.”

Bullish once planned to go public in a $9 billion SPAC deal with Far Peak Acquisition. However, in 2022 the exchange dropped the idea.

Former CEO Brendan Blumer said the deal was called off because the process was taking “longer than expected.” Bank of America is also preparing for more crypto deals, though specifics remain unclear.

Meanwhile, Swedish fintech giant Klarna is making a big push into crypto ahead of its April IPO. As crypto.news reported earlier, Klarna CEO Sebastian Siemiatkowski shared plans on X to add crypto to the platform. With a potential $15 billion valuation, Klarna’s IPO could be one of the biggest this year.

@ Newshounds News™

Source:  CryptoNews

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SWEDISH FINTECH GIANT KLARNA WILL ‘EMBRACE CRYPTO,’ CEO SAYS

Klarna, a Swedish payments firm with 85 million users, is reportedly eyeing a US initial public offering — and its CEO is looking for ideas on how it can integrate digital assets.

This comes as Klarna is preparing for an initial public offering in the US, the Financial Times reported.

@ Newshounds News™

Read more:  CoinTelegraph

~~~~~~~~~

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Global Gold Shortage Brewing? Real Reason Behind Gold Flooding out of London to US

Global Gold Shortage Brewing? Real Reason Behind Gold Flooding out of London to US

Kitco News:  2-10-2025

Gold is on a tear, shattering price records and sparking speculation about its future trajectory. But behind the headlines about surging values, a crucial shift is underway in the physical gold market, raising critical questions about supply, central bank influence, and potential vulnerabilities in the global financial system.

According to Josh Phair, Founder & CEO of Scottsdale Mint, these physical movements, particularly the significant transfer of gold from London to the U.S., are a key indicator of the forces driving the current rally. Speaking with Kitco News, Phair dissected the intricate factors at play, including China’s burgeoning influence and the possibility of a looming gold shortage.

The movement of substantial gold reserves from London, historically a major trading hub, to the U.S. signals a potential shift in power and confidence.

Phair suggests this could be driven by a perception of greater security and stability within the U.S. financial system, or perhaps a strategic positioning in anticipation of future market trends. It also begs the question: is there a rising concern about available gold in London to meet existing obligations? This movement adds fuel to the fire of potential supply constraints.

China’s recent unveiling of a $27 billion gold investment policy is a significant catalyst. This move, Phair emphasizes, is not just about boosting China’s reserves; it has far-reaching implications for the BRICS nations (Brazil, Russia, India, China, and South Africa) and the global economy as a whole. By aggressively accumulating gold, China is solidifying its position as a counterweight to the U.S. dollar and potentially paving the way for a future where gold plays a more prominent role in international trade and reserve management.

The question of a gold shortage is hotly debated. While some dismiss it as mere speculation, Phair contends that the significant physical movements, coupled with increased demand from central banks and individual investors, are creating genuine pressure on supply. The time it takes to discover, mine, and refine new gold is substantial, creating a potential lag between demand and supply.

Central banks, particularly those of China, Russia, and Turkey, are playing a vital role in reshaping the gold market. Their continued accumulation of gold is not just a diversification strategy; it’s a strategic move to de-dollarize their economies and gain greater independence from traditional Western financial institutions. This coordinated effort is adding immense pressure on the available supply and contributing significantly to the price surge.

While the U.S. Treasury Secretary’s stance on gold remains a closely watched indicator, the potential for a revaluation of gold should not be discounted. Some argue that a revaluation could be necessary to restore stability to the global financial system and address the growing debt burden of many nations. While a revaluation is a complex and controversial topic, it remains a possibility that could significantly impact the future of gold.

Despite gold prices reaching record highs, gold stocks have been surprisingly underperforming. Phair suggests this disconnect could be due to various factors, including investor skepticism about the sustainability of the rally, concerns about the operational challenges faced by mining companies, and the overall volatility of the stock market.

The current gold market is characterized by unprecedented volatility, significant physical shifts, and growing geopolitical influence. China’s aggressive gold policy, coupled with rising demand from central banks and potential supply constraints, paints a complex and potentially transformative picture.

While the future remains uncertain, one thing is clear: gold is no longer just a safe-haven asset; it’s a key player in a rapidly evolving global financial landscape. Investors and policymakers alike need to pay close attention to these developments as they navigate the challenges and opportunities that lie ahead.

https://youtu.be/c3l0gfv_gO4

“Coffee With MarkZ” Tuesday Morning Chat 2-11-2025

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: I keep seeing prophecy talking about the wealth transfer.. I know it's coming , it's just the waiting is really hard

Member: Hey Mark. Are we finally going to be able to turn this Page???

Member: The only thing that would be the answer to all of our prayers is the RV

MZ: Tonight with Dr. Scott Young we are doing a podcast on “What to do when we exchange”

MZ: “ Parliamentary Finance: Reveals mountains of information received from the government: Budget tables will arrive” they are saying they will get their budget tables this week.

Member: MP on the law: Budget schedules will be decided in the coming days and parliamentary elections will not be postponed

MZ: Exactly…they are moving forward quickly.

Member: sooo budget tables arriving .. would include the rate change ? We hope?

MZ: “Economist: The unified accounting system is an effective tool to combat corruption.” They are removing the ability to hide funds and move funds. They are pulling a “DOGE” here. Very reassuring to see this in many governments now in Iraq, Vietnam and the US.

MZ: “With the Closure –A new decline in dollar prices in local markets” The dinar is stabilizing after the banking changes.

Member: New Movie in Iraq: Failure to Launch 2

Member: Why do I have a feeling we are not waiting for Iraq—that it is the US we are waiting on?

Member: What exactly are THEY waiting for to release these funds???

Member : Maybe we need an audit of the Federal Reserve and US Treasury before RV is released??? That could take awhile

Member: Mark , I read yesterday that Trump is putting Judy Shelton in as Fed Chair of the Treasury !! I think that was her title . Then at 1:11 Judy Shelton , It's time to make the dollar as good as gold !

MZ: Yes…suddenly she has been very busy again…..and there are rumors in the back halls of Washington DC that President Trump , DOGE and Ron and Rand Paul are going to audit Fort Knox and any day now they will be walking in there with all kinds of presidential clearances to do a physical counting. Wouldn’t that be something?

Member: Let us hope there is still some gold in there!!

Member: Bank of England having big problems giving people their gold back

MZ: On the bond side its exceptionally quiet. I am disappointed with the lack of news but not too surprised We are on day 2 of the three day window they are watching for their funds. The 10th, 11th and 12th.

MZ: We know people are busy working but do they have spendable funds?????

MZ: I think it’s the calm before the storm.

Member: Could bond holders have funds already deposited but being held as “pending”? I hope so.

MZ: They absolutely could. I believe Mike Bara has a contact that’s account is showing deposited funds on “hold” .

Member: What should we expect to see happen with the markets at this point? Will there be a “crash” of any kind?

Member: I wonder what happened to the dinar rates that were on bank and forex sites for awhile?

Member: Red Banner on local bank site today. New "digital" upgrades coming. Working on System Feb - 21-23 - back online Feb 24th!!

Member: I’m hearing from top big sources that beginning of March crap is going to hit the fan . So that could be when our distraction will be to go RV

Member: Do you know if the funds we receive are fiat, or crypto, or something else?

MarkZ reads an article about the auditing of the US Treasury and more called “Override-Inside the revolution rewiring American power”

https://www.sott.net/article/497778-Override-Inside-the-revolution-rewiring-America-power

https://eko.substack.com/p/override

Member: To the older generation what this means is "speed" in the world of tech. It does not slow down or stop till the objective is complete and there is no sleep or rest for many till then.

Member: We owe these coders and whoever selected them a Whole lot of Gratitude!

Member: Three day weekend. President’s Day on Monday the 17th

Member: Hopefully this weekend is the one that we have been waiting for.

Member: Thanks everyone…..have a wonderful day. See everyone tonight and pray we get great news by then.

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=ofq8lAAsDoU

10 Money Rules To Build Life-Changing Wealth

10 Money Rules To Build Life-Changing Wealth, According to Ramit Sethi

Diana Kelly Levey GOBankingRates   Sun, February 9, 2025

You probably have a few money rules that you made for yourself, like setting a budget when you go clothes shopping, never looking at the menu prices when you eat out or setting aside a certain percentage of your income for savings.

Podcaster, author and financial guru Ramit Sethi isn’t shy about voicing his thoughts on money, particularly when it comes to “money rules.” In a video from his YouTube Channel, “I Will Teach You To Be Rich,” Sethi dove into his top 10 money rules for building life-changing wealth.

As Sethi noted in the video, these are his rules. They make him feel happy and secure, and they allow him to continue building wealth. They won’t all work for us — ahem, most Americans can’t afford to buy a house in cash — but you should be able to find ideas from which you can borrow philosophies to help develop and formulate your own unique money rules.

Set Aside a One-Year Emergency Fund

Sethi acknowledged that he’s one of the few personal finance experts to suggest something that extreme — or should we say conservative? Most money experts recommend an emergency fund to cover three to six months’ worth of expenses.

The U.S. Bureau of Labor Statistics found that Americans spent about $73,000 in 2022, up about 9% over the previous year. If piling up $73,000 for a one-year emergency fund sounds daunting, start small. “If something really bad happens, I have extra cash available to tide things over,” Sethi said.

Apply the Rules of 10 and 20

Sethi said he saves 10% and invests 20% of his gross income at a minimum. In his book “I Will Teach You to Be Rich,” Sethi suggested saving 5% to 10% and investing 5% to 10% as part of a conscious spending plan (aka a budget).  So why are his money rules different?

You need to increase the amounts you save and invest as you earn more money, he suggested. If you followed the popular 50/30/20 rule, 50% of your money would go to necessities, 30% to discretionary items and 20% to savings. How you’d want to split that up between emergency funds, general savings and investing is personal.

Pay In Full for Large Expenses

This money rule suggests you have enough money set aside that you’re able to pay in full for large expenses, such as a wedding or a house. As part of this, Sethi has adopted a no-debt policy in his household. And yes, he said he started saving for his wedding before he ever met his now-wife.

Why so strict on this money rule? “I don’t want cost to be the first reason to make a decision, the second or even the fifth,” Sethi said.

Never Question Spending On Books, Appetizers or Charity

TO READ MORE:  https://www.yahoo.com/finance/news/10-money-rules-build-life-160025454.html

Seeds of Wisdom RV and Economic Updates Tuesday Morning 2-11-25

Good Morning Dinar Recaps,

GRAYSCALE FILES FOR CARDANO ($ADA) SPOT ETF WITH NYSE ARCA

The Feb. 10 SEC filing proposes listing and trading shares of the Grayscale Cardano Trust, making it the first standalone ADA investment product in the U.S.

Grayscale Investments has officially filed for a Cardano ($ADA) exchange-traded fund (ETF) with NYSE Arca, marking a significant step toward institutional adoption of the blockchain’s native asset.

The filing, submitted as a proposed rule change (Form 19b-4) to the U.S. Securities and Exchange Commission (SEC) on February 10, seeks approval to list and trade shares of the Grayscale Cardano Trust as a spot ETF.

If approved, this would be Grayscale’s first standalone Cardano investment product and the first spot ADA ETF in the U.S. market.

Institutional Partners and Market Reaction

According to the filing, the Coinbase Custody Trust Company would serve as the custodian for the ETF’s assets, while BNY Mellon Asset Servicing would act as its administrator. The Delaware Trust Company has been named as the trustee.

A Cardano ETF would allow institutional and retail investors to gain regulated exposure to ADA without directly purchasing or storing the cryptocurrency. It would also add credibility to Cardano as an investment asset and open the door for broader adoption in traditional finance.

Grayscale is already a major player in the crypto ETF market, managing products like the Grayscale Bitcoin Trust ETF and Grayscale Ethereum Trust ETF. Adding Cardano to its lineup would further diversify its offerings and provide investors with more blockchain-based investment options.

Regulatory Hurdles and Market Landscape

So far, the SEC has only approved spot ETFs for Bitcoin and Ethereum. Other cryptocurrencies, including Solana (SOL) and XRP, have faced delays due to regulatory uncertainty. The SEC previously classified ADA as a security in its 2023 lawsuits against Binance and Coinbase, which could pose additional challenges for approval.

Despite these hurdles, interest in crypto ETFs continues to grow. Recent filings for XRP, Solana, Dogecoin, and Litecoin ETFs suggest that more assets could soon enter the regulated investment space.

Cardano Joins the Growing ETF Race

Grayscale’s move follows a wave of crypto ETF applications in recent months:

XRP Spot ETFs:

WisdomTree, Bitwise, 21Shares, and Canary Capital submitted four 19b-4 applications to the SEC.

Bitwise filed an initial spot XRP ETF application in October 2024.

WisdomTree launched the Physical XRP ETP (XRPW) in Europe.

Cardano Exchange-Traded Products (ETPs):

Virtune AB launched a Cardano ETP on Nasdaq Helsinki in February 2025.

Tuttle Capital filed for a 2x leveraged ADA ETF in January 2025.

Worth noting, Grayscale is also working to convert its XRP Trust into an ETF.

@ Newshounds News™

Source:  BSC News

~~~~~~~~~

BRICS:  RUSSIA AND INDIA CUT DOLLAR USE: 90% OF DIRECT TRANSACTIONS IN NATIONAL CURRENCIES

Russia and India now conduct nearly 90% of direct transactions in their national currencies, deepening financial ties and accelerating the global shift away from the U.S. dollar.

Moscow and New Delhi Tighten Financial Ties—Is the Dollar Era Ending?

Countries worldwide are increasingly shifting away from reliance on the U.S. dollar in international trade, a process known as dedollarization. Russia and India have strengthened their financial cooperation, with nearly 90% of direct transactions now conducted in their respective national currencies. 

Russian Ambassador to India Denis Alipov stated in an interview with Tass:

Mutual payments in national currencies are stable. As of today, national currencies account for around 90% of direct payments between Russia and India.

He also noted that discussions are ongoing about the mutual recognition of Russia’s Mir and India’s RuPay payment systems, a step that could further enhance financial integration between the two countries.

Trade between Russia and India has continued to expand, with Indian statistics showing an 8.6% increase in the first 11 months of 2024. “According to Indian statistics, bilateral trade added 8.6% in 11M 2024 and amounted to $64.5 bln,” Alipov said.

He further detailed the contributions from each country, emphasizing: “Russian exports reached $60 bln (up by 7.7%), while supplies of Indian goods rose to $4.5 bln (up by 23.3%).

Russia is one of India’s four biggest trade partners, while in terms of the volume of products supplied it is the second-largest after China.” These figures highlight Russia’s growing importance as a key trading partner for India.

The increasing use of national currencies in trade between Russia and India reflects a broader global shift toward reducing dependence on the dollar amid evolving geopolitical and economic conditions. 

As both countries work to integrate their financial systems, the potential recognition of the Mir and Rupay payment networks could simplify trade settlements and further strengthen economic ties between Moscow and New Delhi. With Russia securing its position as India’s second-largest supplier after China, these developments signal deeper financial and trade cooperation between the two nations.

@ Newshound News™

Source:  Bitcoin News

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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