“Tidbits From TNT” Wednesday 2-12-2025
TNT:
Tishwash: Minister of Electricity discusses with US Chargé d'Affaires the development of the energy system in Iraq
Today, Wednesday, the Minister of Electricity, Ziad Ali Fadhil, discussed with the Chargé d'Affairs of the US Embassy the development of the electricity system in Iraq.
The media office of the Minister of Electricity said in a statement received by "Al-Eqtisad News", "The Minister of Electricity, Ziad Ali Fadhil, received in his office the Chargé d'Affairs of the US Ambassador to Iraq, Daniel Rubinstein, and a number of joint files in the electric power sector were discussed,"
TNT:
Tishwash: Minister of Electricity discusses with US Chargé d'Affaires the development of the energy system in Iraq
Today, Wednesday, the Minister of Electricity, Ziad Ali Fadhil, discussed with the Chargé d'Affairs of the US Embassy the development of the electricity system in Iraq.
The media office of the Minister of Electricity said in a statement received by "Al-Eqtisad News", "The Minister of Electricity, Ziad Ali Fadhil, received in his office the Chargé d'Affairs of the US Ambassador to Iraq, Daniel Rubinstein, and a number of joint files in the electric power sector were discussed,"
Noting that "the Minister reviewed during the meeting the ministry's strategic plans to develop the electricity system, improve the energy situation in Iraq, and the vital projects that the ministry intends to implement during the next stage."
He added, "During the meeting, the two sides discussed the investment opportunities available in the Iraqi energy sector, the participation of American companies in electricity infrastructure development projects, and the transfer of modern technologies in the field of production, transmission and distribution of electrical energy link
Tishwash: Advisor to the Prime Minister: Iraqi-American relations are very good and the speculations about them are baseless
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
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Tishwash: Experts: Establishing industrial cities is an advanced step to support the national economy
Economic experts and specialists praised the government's efforts to support the national economy by establishing industrial cities, stressing that this step will contribute to achieving sustainable economic development, providing job opportunities for the unemployed, and supporting local industries.
This comes within the framework of a strategy aimed at diversifying sources of income and strengthening the industrial sector as a basic pillar of economic growth.
Economic expert Salem Mohammed Al Bayati confirmed that the government's move to establish industrial cities is an advanced step towards supporting local industry. He explained that these cities, which will be established on the borders of major cities and international borders, will provide an attractive environment for global companies to establish production factories, which will contribute to creating job opportunities to absorb the workforce and reduce unemployment rates.
Al Bayati added that the industrial cities will be an opportunity to attract foreign capital and introduce the world to local products, which will raise economic growth rates by increasing the volume of investments in various industrial activities. He pointed out that these cities represent a fundamental pillar for achieving sustainable economic development in the long term and will push the wheel of growth forward.
Al-Bayati pointed out that the industrial city projects will support the Iraqi private sector and will contribute to reducing pollution within major cities by moving factories to designated areas outside residential areas. He stressed the need to provide an integrated infrastructure that includes all facilities and services, which will facilitate the process of localizing industry and achieving the goals of comprehensive economic development.
He explained that the industrial cities will help in the establishment and growth of national factories, and will create integration between government and private factories due to their geographical proximity. He added that these cities will contribute to diversifying sources of cash income, which will enhance the national economy's ability to face future challenges.
For his part, economic researcher Alaa Al-Fahd praised the government's efforts to establish industrial cities in cooperation with neighboring countries. He stressed that this approach will support the national economy in all its sectors, not just the industrial sector, and will attract capital and international companies to establish major investment projects in Iraq. Al-Fahd pointed out that Iraq has great economic potential and numerous investment opportunities in various sectors, especially the industrial sector, which makes it an attractive destination for international companies. He added that this step reflects an ambitious economic vision aimed at transforming Iraq into a regional center for industry and investment.
As part of these efforts, Minister of Industry and Minerals Khalid Batal Al-Najm inaugurated the first phase of the industrial city project in Anbar Governorate. Al-Najm explained that the first phase covers 40 percent of the total area of the city, which is 3,000 dunums, where more than 233 sections have been completed and the site has been equipped with water services.
The Minister stressed that this project is an important step towards strengthening the industrial sector and providing a suitable environment for investment, noting that the city will contribute to creating new job opportunities and supporting local industries.
Despite the great praise for this step, experts stress the need to provide an integrated infrastructure and ensure a stable business environment to attract foreign investments. The success of these projects also requires cooperation between the public and private sectors, in addition to adopting economic policies that support local industry and encourage innovation link
Mot: Its un of da Marital Thingies!!!
Mot: age doesnt matter
Coffee with MarkZ and Zester. 02/12/2025
Coffee with MarkZ and Zester. 02/12/2025
PDK Note: I only transcribe RV/Financial news and intel. Not political opinions or most guests on this podcast. If a podcast is mostly political…I may not post it at all. Thank you
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: Zester will start the morning podcast, and I will join part way through.
Member: GM Mark, Zester, magnificent mods, and RV family! Happy Hump Day!
Coffee with MarkZ and Zester. 02/12/2025
PDK Note: I only transcribe RV/Financial news and intel. Not political opinions or most guests on this podcast. If a podcast is mostly political…I may not post it at all. Thank you
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: Zester will start the morning podcast, and I will join part way through.
Member: GM Mark, Zester, magnificent mods, and RV family! Happy Hump Day!
Member: Its great that Zester takes over for his dad once in awhile....
Member: Zester please let the powers that be know it's ok to start this RV. I know they are waiting on your blessing!!
Member: so much circular info on the RV. Hopefully Mark will bring something new! Thanks
Member: Ramadan is approaching fast. I hope we RV before that!!
Member: News ... Feb. 7, 2025, S&P Global Ratings affirmed its 'B-' long-term and 'B' short-term foreign and local currency sovereign credit ratings on Iraq. The outlook is stable.
Member: Stock Market is way down and futures Tanked right before opening of Markets in New York this morning
MarkZ joins stream …he was delayed due to a work meeting:
Member: Any RV news mark on your bond contacts or any banking or redemption center contact information
MZ: Good Morning I was enjoying listening. But I am getting a lot of interesting things from bonds and groups . Where things appeared to have started for them and will continue for the next 6-7 days.
MZ: I am hearing that funds are indeed moving and they just need a release. I have gotten this from about 6 different contacts from groups and bonds overnight.
MZ: Once all the final monies are in place (including for us) then the World court gives a final approval stamp and we all can start hitting the banks.
MZ: I think the furthest time out that I have gotten from contacts for funds is the 19th. Which means we could see things as early as this afternoon…We just don’t know timing just yet.
MZ: I am still piecing through the information since it’s been such a crazy morning. I still have voice messages to listen to on that front. But I am suddenly getting a lot of news from contacts on all sides telling me that they are going through processes for their money right now….as we speak. I have more in my inbox …but may have more news by tonight
Member: Well someone is getting paid. Multiple million $ homes have just sold in Tennessee.
Member: I think Doge will be the path to our Nesara payments and increases to the ss payments to seniors
Member: In Iraq: The budget tables will be sent to Parliament next week, it was an article in the news this morning, they need to adjust the tables due to the voted Article 12 amendments
Member: MM&C updated last evening with statements that the budget tables were complete
Member: According to the Simpsons- predicted that the United States will be tax-free in 2025
Member: Thanks Zester and MarkZ….great and encouraging information…Looking forward to more news tonight.
Member: Everyone have a wonderful day.
StacieZ Joins the stream today. Please listen to the replay for her information.
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!
News, Rumors and Opinions Wednesday 2-12-2025
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 Wed. 12 Feb. 2025
Compiled Wed. 12 Feb. 2025 12:01 am EST by Judy Byington
Tues. 11 Feb. 2025 NESARA: The Revolution in American Economic System Unraveled …JFK Awakening on Telegram
Imagine a world where all your credit card, mortgage, and bank debt vanished. Where the Federal Reserve, the core of modern capitalism, is gone. Sounds impossible? Hold on. This could be reality, triggering the ultimate financial revolution under NESARA, the National Economic Security and Recovery Act.
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 Wed. 12 Feb. 2025
Compiled Wed. 12 Feb. 2025 12:01 am EST by Judy Byington
Tues. 11 Feb. 2025 NESARA: The Revolution in American Economic System Unraveled …JFK Awakening on Telegram
Imagine a world where all your credit card, mortgage, and bank debt vanished. Where the Federal Reserve, the core of modern capitalism, is gone. Sounds impossible? Hold on. This could be reality, triggering the ultimate financial revolution under NESARA, the National Economic Security and Recovery Act.
The Rising Shadow of NESARA. Society is on the verge of a seismic shift, one that could transform the global economy forever. NESARA is the storm on the horizon, quietly talked about by those ‘in the know.’ What does it promise? A debt jubilee, where all credit card, mortgage, and bank debt are wiped out. The Federal Reserve’s worst nightmare is coming true.
The name NESARA makes the elite in Wall Street nervous. Why? Because if it’s fully implemented, NESARA will cripple the profit-making systems that thrive on your debt. The pillars of capitalism are cracking, and the shockwaves are just beginning.
Abolishment of Income Tax and the IRS. NESARA will also eliminate income tax, ending the IRS as we know it. Those who have feared tax audits will be relieved, as the IRS will be transitioned to a national sales tax department.
The Promise of a Flat Sales Tax. NESARA proposes a 14% flat sales tax on new, non-essential items. This means no tax on food, medicine, or used items, protecting the everyday citizen. The government will now depend on luxury consumption for revenue—a drastic shift from the current system.
The Birth of a New U.S. Treasury Currency. The U.S. Treasury will introduce a gold, silver, and platinum-backed currency—a rainbow currency that will finally end the U.S. bankruptcy of 1933. This marks the beginning of a new financial era.
Humanitarian Efforts and Technology Suppression. NESARA will release billions for humanitarian projects and reveal over 6,000 suppressed technologies, from free energy devices to healing machines—technologies hidden under the pretense of national security.
NESARA is more than just legislation. It’s a paradigm shift that challenges everything we know about the economy and power structures. Is the world ready for NESARA? Whether viewed as liberation or chaos, its impact will be unavoidable. The future is here, and it’s NESARA.
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Tues. 11 Feb. 2025 Golden Redemption: The Birth of USN US Note Backed by QFS Gold-Backed Digital Currency. …QFS on Telegram
The collapse of the fiat system has been a long time coming. Historically, fiat money, which lacks intrinsic value, became the global standard in the 20th century. This shift allowed governments and central banks to print money freely, unbound by the tangible value of precious metals.
Over time, this led to rampant inflation, economic bubbles, and numerous financial crises. The 2008 financial crisis, fueled by reckless lending practices and inadequate oversight, exposed the vulnerabilities of the fiat system. Governments responded by printing even more money, further eroding the value of currencies and deepening the crisis of confidence.
In the wake of the 2008 crisis, digital currencies like Bitcoin emerged, offering a decentralized alternative free from the grip of central banks and government control. However, these digital currencies were not without their own issues-high volatility, lack of intrinsic value, and associations with illigal activities limited their ability to truly replace the flawed systems they sought to disrupt.
Enter the USN US Note, a new currency that promises to bridge the gap between the stability of traditional assets and the innovation of digital finance. As the sun rises over the horizon, casting its golden hue across the land, the USN US Note emerges like a phoenix from the ashes of a broken financial system.
This currency is more than just a means of exchange; it is a symbol of financial redemption, a return to an era where money was backed by real value-gold. The USN US Note, backed by the Quantum Financial System (QFS) and the undeniable value of gold, stands as a beacon of hope against the backdrop of economic despair and deceit that has plagued us for generations.
For far too long, our financial systems have been mired in manipulation, deceit, and instability. The fiat currency system, with its lack of intrinsic value, has led us down a path of endless debt and economic uncertainty. Central banks, with unchecked power, have manipulated markets, eroded savings, and fostered financial inequality.
But now, with the advent of the USN US Note, there is a bold departure from this flawed past.
At the core of the USN US Note’s promise is the Quantum Financial System (QFS), a revolutionary financial network that utilizes quantum computing technology to ensure the highest levels of security, transparency, and efficiency. Unlike traditional financial systems, which are susceptible to hacking, fraud, and m**********n, the QFS is virtually impenetrable. It guarantees that every transaction is secure, transparent, and immutable, restoring trust in our financial systems.
The cornerstone of the USN US Note is its gold backing. Each note is backed by a specific amount of gold, ensuring that it retains intrinsic value. This gold-backed stability provides a safeguard against inflation, making the USN US Note a reliable store of value.
It embodies a time-honored principle: money should be grounded in real, tangible assets. By merging the stability of a gold-backed currency with the efficiency and transparency of digital systems, the USN US Note addresses the shortcomings of both fiat and digital currencies.
This new currency represents not just a financial instrument but a revolution in how we perceive and interact with money.
The USN US Note, underpinned by the QFS, is set to redefine the future of finance, offering stability, transparency, and true economic redemption. A new era in finance has dawned, bringing with it the promise of a stable and prosperous future.
Read full post here: https://dinarchronicles.com/2025/02/12/restored-republic-via-a-gcr-update-as-of-february-12-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Fnu Lnu [Response to Newshound Guru Militia Man 2-10-2025 Gold post below] [Guru] Militia Man made a comment... Iraq "bought" approximately 10 tons of gold. That they scrounged up some pocket change. He isn't the first person to remark about Iraq having so much money to buy an amazing amount of gold. I know a little inside baseball about
that. When Iraq was attacked under the excuse of "weapons of mass destruction"...The real reason Iraq was attacked was because Saddam had amassed a huge amount of gold over the years. The reason? He hated the London City Central Banksters and their Central Banks so he was going to mint a Golden Dinar. It would have been the premier money of the world. Real Money! [Post 1 of 2....stay tuned]
Fnu Lnu It would have severely harmed the Central Bank so the CB had Bush attack them to 1) Kill Saddam and 2) recover/steal his gold stash...It didn't work out. They couldn't find the stash. So...they attacked them again and the second time, they found one of the small caches which was rumored to be around 20 tons...There was, however, a huge amount of gold left that wasn't found. Slowly, over time, Iraq has been repatriating the gold into the National Reserves. They aren't buying this gold, they already owned it and are slowly reinserting it into the Treasury. There is no way to know how much they really have but it must be a huge amount. Watch...over time, they will continue to grow the gold reserves but try to find the receipts. [Post 2 of 2]
LIVE! AUDIT THE FED! SEN. ELIZABETH WARREN (D) URGES THE FED CUT RATES IN MARCH...
Greg Mannarino: 2-11-2025
Our Last Message - Schectman, Rickards, Macleod | Gold and Silver News Today | Silver Price
The trading Man: 2-11-2025
Are we on the verge of a historic silver breakout? In this crucial update, top experts Andy Schectman, Jim Rickards, and Alasdair Macleod share their final warning about the silver and gold markets. With economic uncertainty growing, this could be your last chance to prepare!
Iraq Economic News and Points to Ponder Wednesday AM 2-12-25
Serious Steps To Reduce Dependence On Oil
Economic 1225/02/12 Baghdad: Imad of the emirate In the context of efforts to revitalize the national economy, the government is working to adopt ambitious strategies to reduce dependence on oil rent, by activating the productive and service sectors and enhancing non-oil revenues.
This comes in light of the economic challenges facing the country, especially with the fluctuations of global oil prices, which calls for diversification of sources of income and building a more stable economy and the ability to face external influences.
Serious Steps To Reduce Dependence On Oil
Economic 1225/02/12 Baghdad: Imad of the emirate In the context of efforts to revitalize the national economy, the government is working to adopt ambitious strategies to reduce dependence on oil rent, by activating the productive and service sectors and enhancing non-oil revenues.
This comes in light of the economic challenges facing the country, especially with the fluctuations of global oil prices, which calls for diversification of sources of income and building a more stable economy and the ability to face external influences.
The Financial Adviser to the Prime Minister, Dr. Mazhar Mohamed Saleh, stressed that the government attaches great importance to stimulating the productive sectors, especially the agricultural sector.
He pointed out that the current plans focus on supporting farmers by providing facilitated financing and modern agricultural technologies, which contributes to increasing productivity and achieving food security.
Highly productive seasonal programs were also adopted within the general budget of the state, with the aim of enhancing self-sufficiency and reducing dependence on import.
Saleh explained that the government is working to enhance financial discipline by controlling public spending and increasing revenue collection.
He stressed that excessive exchange or negligence in collecting public imports will be reduced, with a focus on directing resources towards productive projects that benefit the national economy.
It was also noted that the importance of launching economic companies in cooperation with the private sector, to support sustainable development programs that contribute to creating job opportunities and increasing productivity.
The financial advisor called for the necessity of controlling the import system, which is witnessing a random expansion that drains the country's foreign reserves.
He stressed that foreign resources should be directed towards productive imports that enhance the economy, rather than excessive consumption that does not contribute to building a strong production base.
He also stressed the importance of adopting accurate commercial policies that encourage sustainable production requirements.
Saleh pointed out that the government is working to convert support in the general budget from comprehensive support to qualitative support, which balances the support of low-income social classes and the productive support that occupies the economy.
Among the programs that have been focused on, is entrepreneurial and financing programs, which contribute to encouraging small and medium enterprises and enhancing the role of youth in the economy.
For his part, Dr. Ahmed Al -Rawi, the economist, stressed the need to take quick measures to address the decline in oil revenues.
He called for a review of the general budget items, with a focus on removing unnecessary expenses and raising the efficiency of spending.
He pointed to the importance of achieving stability in the growth of the budget, so that it is commensurate with the annual growth of the gross domestic product, which contributes to achieving a sustainable financial balance.
Al-Rawi also stressed the importance of activating non-oil revenue systems, such as the tax system and public fees, to increase revenues and reduce dependence on oil.
He also called for the revitalization of other economic sectors, such as industry and tourism, to provide job opportunities for young people and diversify sources of income.
He pointed out that the development of the oil sector must be done in a manner commensurate with the country's reserve energies, with a focus on increasing the added value through local manufacturing.
The narrator stressed that achieving economic development requires fighting corruption in state institutions in all its joints.
He stressed that corruption is a major obstacle to achieving economic efficiency and attracting investments.
He called for adopting serious measures to enhance transparency and governance in public resources management. https://alsabaah.iq/110028-.html
Economic Expert: The Unified Accounting System Is An Effective Tool For Combating Corruption
{Economic: Euphrates News} Economist, Bassem Antoine, stressed that the implementation of the unified accounting system contributes to
reducing corruption and manipulation and
sets limits for the abuses that take place on the accounts.
Antoine told Al-Furat News that "the main issue lies in the application of decisions, as there is a problem in issuing and applying instructions."
He explained that
"follow-up,
monitoring and
scrutiny
is an important issue, and that the monitoring account does not exceed the bureaucracy and obstructing the work." He stressed "the need not to create complications in audit and control operations."
https://alforatnews.iq/news/خبير-اقتصادي-النظام-المحاسبي-الموحد-أداة-فعالة-لمكافحة-الفساد
Bank Deposits Retreated
Economic 1225/02/12 Yasser Al –Mitwalli Iraqi banks have gone through a golden period in the field of returning confidence by depositors in banks after partial stability was achieved with a monetary policy by the central bank in supporting the banking sector that contributed greatly to encouraging depositors in reconciliation with banks.
Here, the topic reduced exclusively (the public deposits) because of its importance in motivating banks to contribute to development programs by expanding loans.
It is useful to note that the banking sector has gone through challenges after the stage of change, especially in the field of borrowers ’failure to pay their loans that help them.
On the other hand, it led to the paralysis of the banking activity, and a part of the banks were crushed.
To the secretariat, the efforts of the central bank years ago resulted in the return of confidence between the parties to the process, the depositors, and the borrowers.
However, reports indicate that deposits decreased in Iraqi banks to (123 trillion dinars in November 2024, which is the lowest level in 22 months), according to these reports.
But what happened to the return of this loss of confidence?
The answer is definitely related to imposing US sanctions on a large number of these banks, and
here is an analytical of the reasons, as I see it, has nothing to do with whether the readings are right or without the right to not explain the real reasons behind these sanctions that I am certain that there is a political side behind the decisions, with acknowledgment of violations. Do not deserve this harsh decision. Perhaps some depositors' concerns about the return of the chaos of the clouds indicating the return of loss of confidence and fears of bankruptcy of banks.
On the other hand, the Central Bank indicated that deposits growth by 4.2 percent during the third chapter of 2024 compared to the same period of the previous year,
but what increases the mud with the worse of confusion and confusion, which promoted it from the loss of liquidity that may disrupt lending and productive projects, with funds turning into investments An alternative like real estate and gold.
From here, banks must develop their banking services to
ensure the continuation of the market and
adhere to restoring confidence in addition to developing and
expanding the role of the deposit guarantee company, transparently and clearly.
Perhaps the repeated financial crises that some countries have gone through have been able to diagnose the defect and find solutions while raising the level of banking culture among the public in full transparency, regardless of the size and details of the financial crises to ensure their exception.
Banks need to develop their media awareness offices. https://alsabaah.iq/110029-.html
The Eighth Arab In Corruption .. Iraq Is Making Progress On The List Of The Most Transparent Countries In The World
Economy Iraq Breaking a report Global transparency 2025-02-10 Shafaq News/ Iraq climbed to the 140th place in the world in the list of the most transparent countries in the world, while it ranked eighth among the list of Arab countries that will be the most corrupt for the year 2024 out of 180 listed in the table.
Transparency International said in a report issued today, Tuesday, and was reviewed by the Shafaq News Agency, that
"the corruption perceptions for the year 2024 shows that corruption is a serious problem in every part of the world, but the change towards the best happens in many countries," noting that
"Corruption perceptions with 180 countries and regions around the world according to the levels of corruption in the public sector. She added that
Denmark ranked first in the least corrupt and transparent countries in the world with 90 points, followed by Finland, which ranked second with 88 points, then Singapore ranked third with 84 points, and New Zealand, which ranked one ranked fourth with 83 points, came Luxembourg Fifth with 81 points. According to the report,
"Iraq ranked 140th globally with 26 points, three points, with the year 2023, and the eighth rank among the most corrupt Arab countries, where countries advanced by: Somalia, Syria, Sudan, Yemen, Libya, Ertia, and Lebanon as the most Arab countries Corruption.
The UAE ranked first in the Arab world and the 68th rank in the world's most transparent countries, followed by Qatar second, Saudi Arabia third, Oman Fourth, and Bahrain Fifth.
South Sudan, Somalia, Venezuela, Syria, and Yemen won the highest ranks by occupying the last ranks in the table, according to the report.
The organization issues an annual report on corruption, which is an evaluation of a scale from zero to 100 countries that classify countries from the most to the least corruption, and
the report is based on statements that the organization gathered from 13 international agencies, including the World Bank and the World Economic Forum. https://shafaq.com/ar/اقتصـاد/الثامن-عربيا-بالفساد-العراق-يحرز-تقدما-ضمن-قا-مة-الدول-ال-كثر-شفافية-بالعالم
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Wednesday Morning 2-12-25
Good Morning Dinar Recaps,
PRO-CRYPTO BRIAN QUINTENZ RETURNS TO CFTC AS TRUMP’S CHAIRMAN PICK
Former CFTC Commissioner Brian Quintenz is set to lead the agency again, signaling a shift in crypto regulation under the Trump administration.
Brian Quintenz, a former commissioner at the Commodity Futures Trading Commission, is expected to return as chairman following his selection by U.S. President Donald Trump, according to Bloomberg.
Good Morning Dinar Recaps,
PRO-CRYPTO BRIAN QUINTENZ RETURNS TO CFTC AS TRUMP’S CHAIRMAN PICK
Former CFTC Commissioner Brian Quintenz is set to lead the agency again, signaling a shift in crypto regulation under the Trump administration.
Brian Quintenz, a former commissioner at the Commodity Futures Trading Commission, is expected to return as chairman following his selection by U.S. President Donald Trump, according to Bloomberg.
If confirmed, he would serve a term running until April 13, 2029, returning to the agency at a time when crypto regulation is a central issue in financial policy.
His nomination aligns with broader efforts by the Trump administration to reshape regulatory oversight of digital assets and derivatives markets.
Quintenz previously served as a Republican commissioner at the CFTC from 2017 to 2021, playing a key role in overseeing the launch of the first fully regulated Bitcoin and Ethereum futures contracts.
During his tenure, he emerged as a strong advocate for a pro-innovation regulatory framework, pushing for clear, well-defined rules that would encourage institutional adoption of digital assets while maintaining market integrity.
His stance earned him comparisons to SEC Commissioner Hester Peirce—dubbed “Crypto Mom” in industry circles—for her similar advocacy of crypto-friendly regulation.
After leaving the CFTC, Quintenz joined Andreessen Horowitz’s (a16z) crypto division in December 2022, where he led policy efforts to influence U.S. crypto regulations.
The venture capital giant, which has investments in projects like Solana, Uniswap, Lido DAO, Optimism, and Eigenlayer, has consistently pushed for CFTC oversight of digital assets rather than SEC jurisdiction.
The crypto industry has long viewed the CFTC as a more accommodating regulator compared to the SEC, which has taken a stricter enforcement-driven approach under Chair Gary Gensler.
The nomination follows months of speculation. In December, reports surfaced that Trump was considering Quintenz among other candidates for the role.
Meanwhile, Trump’s newly appointed AI and Crypto Czar, David Sacks, has outlined plans to work with Congress on market structure legislation, signaling a push for clearer digital asset regulations.
Quintenz’s return could mark a shift in how the $400 trillion derivatives market, which includes a growing share of crypto-related products, is regulated.
Acting CFTC Chair Caroline Pham has expressed support for the nomination, stating that she worked with Quintenz on key initiatives during his previous tenure and believes he will bring the same focus on crypto and innovation back to the agency.
The nomination will now go through the confirmation process, with Quintenz expected to lead the agency as the U.S. debates the future of crypto market oversight.
@ Newshounds News™
Source: Crypto News
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MEMECOIN REGULATION: SEC’S HESTER PEIRCE CHALLENGES GENSLER’S STANCE
Indirectly denouncing former SEC chairman Gary Ggensler stance on whether cryptocurrencies are securities, US Securities and Exchange Commission Commissioner Hester Peirce states that a good number of the memecoins in the market do not come under the purview of the country’s securities regulatory agency.
What makes her statement extremely significant is that Peirce chairs the crypto task force recently appointed by US President Donald Trump to determine which cryptocurrencies fall under the definition of ‘securities’ – thus under the jurisdiction of the SEC – and which do not.
SEC’s Stance on Memecoins
US SEC Commissioner Herster Peirce’s statement on the Memecoin regulatory environment explains what the current position of the securities regulatory agency on the matter is.
It appears that the current SEC leadership does not think it has the legal authority or responsibility to regulate a good number of the memecoins in the market.
Importantly, reports indicate that Peirce even thinks that the US Congress and the Commodity Futures Trading Commission are the competent authorities to address the sensitive matter of memecoin regulation.
Contrasting Views: Former SEC Chair Gensler’s Stance Analysed
Former SEC Chairman Gary Gensler was infamous for his conservative stance on crypto regulation. Under his leadership, the SEC maintained a position that a good number of cryptocurrencies are securities. It was this position that prompted the regulatory agency to open a series of legal battles against prominent crypto companies including Binance, Coinbase and Kraken.
The Memecoin Phenomenon: A Short Overview
The total market cap of the memecoin sector stands at $75,568,127,803 – which makes at least 2.31% of the total market cap of the cryptocurrency sector of $3,267,930,674,001.
As of now, Dogecoin, Shiba Inu, Pepe, Official Trump and Bonk are the top five memecoins by market cap.
The market caps of:
DOGE stands at $37,387,932,934;
SHIB at $9,238,118,808;
PEPE at $4,021,074,346;
TRUMP at $3,080,509,036; and
BONK at $1,345,093,611.
In the last one year, Dogecoin has surged by 214%; Shiba Inu by 68%; Pepe by 850%; and Bonk by 41.4%.
Memecoin Regulation: Concerns and Challenges
Critics express serious concerns about the memecoin market primarily because of its unregulated environment and extreme volatility.
In the last seven days, DOGE has dropped by 4.5%; SHIB by 2%; PEPE by 6.5%; TRUMP by 14.5%; and BONK by 6%.
Moreover, many believe that the market is highly susceptible to fraudulent projects and pump-and-dump schemes.
Recently, a memecoin investor filed a lawsuit with the support of Wolf Popper and Burwick, prominent US law firms, against Pump.Fun, a platform built on Solana to allow users to create and trade meme coins easily, accusing it of violating securities laws by offering extremely volatile memecoins.
In conclusion, Hester Peirce says ‘most memecoins are not securities’, a stance different from Gary Gensler’s. Meanwhile, the memecoin market keeps growing, but concerns over fraud and volatility remain. A new lawsuit against Pump.Fun adds to regulatory uncertainty as the debate over memecoin regulation continues.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
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Is This the Biggest Heist of All Time?
Is This the Biggest Heist of All Time?
Notes From the Field By James Hickman (Simon Black) February 11, 2025
We recently received a question from a reader asking for my thoughts on crypto.
He said we’ve been talking about gold a lot lately, the gold price, and how the price could go a lot higher. Shouldn’t we hold the same views on crypto, given everything that has happened with Bitcoin over the last year or so?
We ended up doing a whole podcast about this today, We talk a lot about gold, and a lot about crypto. To clarify, I’m not anti-crypto. In fact, I brought Bitcoin to our audience’s attention back in 2013, when the price was under $100. But there are some differences to gold.
Is This the Biggest Heist of All Time?
Notes From the Field By James Hickman (Simon Black) February 11, 2025
We recently received a question from a reader asking for my thoughts on crypto.
He said we’ve been talking about gold a lot lately, the gold price, and how the price could go a lot higher. Shouldn’t we hold the same views on crypto, given everything that has happened with Bitcoin over the last year or so?
We ended up doing a whole podcast about this today, We talk a lot about gold, and a lot about crypto. To clarify, I’m not anti-crypto. In fact, I brought Bitcoin to our audience’s attention back in 2013, when the price was under $100. But there are some differences to gold.
Right now, I think there are some major catalysts that could drive the price of gold much higher. It’s a matter of arithmetic, and we walk you through the math on it.
The other important thing is that while gold is at an all time high, gold related businesses have been in the dumps for a long time. And that’s a bizarre anomaly that is simply not going to last.
Conversely, that same dynamic doesn’t seem to exist with crypto related businesses.
And we talk about, in today’s podcast, Microstrategy, as perhaps the best example.
This is essentially now a Bitcoin holding company, with 478,000 Bitcoin, valued at around $45 billion. Yet Microstrategy’s market cap is almost double that.
So if the point is to buy Microstrategy stock as a proxy for Bitcoin, you’re actually paying double the price.
Versus with gold, we have the opportunity to pay less than two times forward earnings for gold companies that have an all in production cost of $1,500 per ounce— roughly half the price of gold.
So it’s a completely different dynamic, and we explore all this and more in today’s podcast.
We even talk about the Microstrategy convertible notes, and why it’s frankly wildly inappropriate at this point to even compare “crypto” and gold.
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/podcast/is-this-the-biggest-heist-of-all-time-podcast-152072/
MilitiaMan & Crew-Dinar-IRAQ-News-Federal Court Ruling-Government Decisions-Sovereign Guarantees-Financial Rights
MilitiaMan & Crew-Dinar-IRAQ-News-Federal Court Ruling-Government Decisions-Sovereign Guarantees-Financial Rights
2-11-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
MilitiaMan & Crew-Dinar-IRAQ-News-Federal Court Ruling-Government Decisions-Sovereign Guarantees-Financial Rights
2-11-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
FRANK26…2-11-25…..”IN A FEW…”
KTFA
Tuesday Night Conference Call
FRANK26…2-11-25…..”IN A FEW…”
This video is in Frank’s and his team’s opinion only
Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Tuesday Night Conference Call
FRANK26…2-11-25…..”IN A FEW…”
This video is in Frank’s and his team’s opinion only
Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE…ORANGE=IMPLEMENTATION
Iraq Economic News and Points to Ponder Tuesday Evening 2-11-25
"Al-Eqtisad News" Publishes The Full Decisions Of The Cabinet Session
Money and business Economy News – Baghdad Al-Eqtisad News publishes the full decisions of the sixth Cabinet session, which was held on Tuesday, headed by Prime Minister Mohammed Shia Al-Sudani.
The Prime Minister's Media Office said in a statement, seen by "Al-Eqtisad News", that "Al-Sudani chaired, today, Tuesday, the sixth regular session of the Council of Ministers, during which general issues in the country were discussed, and the most important economic and service files were reviewed, in addition to discussing the priorities for implementing the government program, and discussing the topics included on the agenda and making decisions regarding them.
"Al-Eqtisad News" Publishes The Full Decisions Of The Cabinet Session
Money and business Economy News – Baghdad Al-Eqtisad News publishes the full decisions of the sixth Cabinet session, which was held on Tuesday, headed by Prime Minister Mohammed Shia Al-Sudani.
The Prime Minister's Media Office said in a statement, seen by "Al-Eqtisad News", that "Al-Sudani chaired, today, Tuesday, the sixth regular session of the Council of Ministers, during which general issues in the country were discussed, and the most important economic and service files were reviewed, in addition to discussing the priorities for implementing the government program, and discussing the topics included on the agenda and making decisions regarding them."
The statement added, "Within the government's ongoing approach to complete stalled and suspended projects, the following was approved:
1. Increase the reserve amount for the component (the residential complex in Diwaniyah Governorate/Sunniyyah) and increase the total cost and supervision amount for the project.
2. Increase the reserve amount for the project (the residential complex in Nineveh Governorate/Tal Afar District).
3. Increasing the reserve amount for the Al-Hamdaniya Sewerage Contracting Company with a capacity of (14,000 m3/day) turnkey, and increasing the total cost of the project.
He explained that "in order to complete the infrastructure projects for Samarra district, the Council of Ministers approved the following:
1. Forming a committee to implement the infrastructure project for the city of Samarra, headed by the Minister of Construction and Housing, and including the Governor of Salah al-Din, the Director General of Sewerage, the Director General of Planning, the Director of the Contracts Department at the Ministry of Construction and Housing, the Mayor of Samarra District, the Directors of the District’s Service Departments, and the Preparatory Committee.
2. The Committee shall undertake the following tasks:
A. The work of the review and approval committee stipulated in the instructions for implementing government contracts (2 of 2014), and supervising the project in all its stages until its completion.
B. The powers granted by the approval of the Prime Minister in accordance with the letter of the Prime Minister’s Office, dated December 22, 2024.
C. Inviting a reputable consulting firm, preferably a foreign one, to review the designs and supervise implementation, with an independent component being included in the project.
D. Identifying the specialized companies to which invitations are directed, and preparing a referral report, in a design and implementation manner, and subject to the approval of the Prime Minister.
The statement added: “In support of the private industrial sector, Cabinet Resolution (24413 of 2024) was approved to amend, with the exception of industrial investment projects that have obtained an investment license in accordance with the Investment Law (13 of 2006) amended from its provisions, and to suffice with the texts contained in the aforementioned Investment Law, the System for the Sale and Lease of State and Public Sector Real Estate and Lands for Investment and Leasehold Purposes (6 of 2017), and Cabinet Resolution (234 of 2019), with its amendment, which stipulates that the transfer of ownership of the industrial project must have been in commercial operation for a period of no less than (3) years as a minimum; to ensure the implementation of the project and verify the seriousness of the investor.”
He pointed out that "in the process of developing work in the banking sector, it was approved to increase the capital of Rashid Bank from (2) billion dinars to (50) billion dinars, from the bank's expansion reserve account, based on the provisions of the Public Companies Law (22 of 1997) as amended, and the Ministry of Finance is taking the necessary measures to implement the above."
He pointed out that "the Council of Ministers approved the authorization of the Minister of Finance to sign an addendum to the contract with the legal advisor to the Ministry of Finance (Clearly Cuttlefish Foundation), based on the text of paragraph (15) of the original contract for the Foundation to work as a legal advisor, regarding the subject of sovereign guarantees, as an exception to the instructions for implementing government contracts (2 of 2014).
The statement continued, "In the food file, it was agreed to sell local wheat at a price of (410) thousand dinars per ton to private mills, from the surplus stock of the General Company for Grain Trade.
Within the framework of efforts to protect local products, the following was approved:
1. Imposing an additional customs duty of (40%) of the unit of measurement of the product (PET roll) made of polyethylene granules, used in the production of healthy water cups, containers and transparent utensils for storing food (for one-time use) imported from all countries and origins, for a period of 4 years without reduction, and monitoring the local market during the period of application of the additional customs duties.
2. The General Authority of Customs shall apply the additional customs duty on the aforementioned product, and shall notify the Department of Industrial Development and Regulation periodically of the quantity of imports of the aforementioned products, the value of the additional customs duties collected on the importer of the foreign product, the value of the importer, the exporting countries, and the importing entities.
3. The Ministry of Industry and Minerals shall take into account the following:
A. The amount of increase in imports compared to the previous three years to determine the extent of an unjustified increase.
B. A statement of the complaining company’s ability to meet market needs in a way that ensures that prices do not inflate.
C. Determine the importance of the protection required for the national economy.
4. Auditing by regulatory authorities of the effects resulting from imposing additional customs protection on the imported product.
5. This decision shall be implemented after (120) days from the date of its issuance.
He explained that "in the energy file, it was agreed to send an official invitation to the company (B1) to submit its offer and enter into negotiations with it to accelerate the implementation of the FSRU floating platform project to import liquefied gas, and to exempt the project from the instructions for implementing government contracts (2 of 2014) and the controls attached to it, and to grant the project management the authority to purchase directly, provided that the results of the negotiations are presented to the Ministerial Council for Energy to submit a specific recommendation to the Council of Ministers."
The statement added, "The Council of Ministers approved the recommendation to the House of Representatives to approve the addition of the National Advisor for Mental Health at the Ministry of Health to the members of the Supreme National Authority for Narcotics and Psychotropic Substances, mentioned in the draft law amending the first law of Narcotics and Psychotropic Substances Law No. (50) of 2017, which was approved by virtue of Cabinet Resolution (24761 of 2024), and sent to the House of Representatives."
He pointed out that "in order to organize and facilitate the performance of the final exams, the Council authorized the General Directorate of Evaluation and Examinations to print exam booklets for the sixth grade of middle school (exclusively), and to prepare them from outside Iraq, based on the justifications stated by the Ministry of Education, in accordance with the contracting methods stipulated in the instructions for implementing government contracts (2 of 2014), for a period of one year only."
He added, "In the field of regulating foreign relations, the Council of Ministers approved the following:
1. Excluding the Czech Republic from Cabinet Resolution No. (24933 of 2024), which includes the cancellation of the draft agreement to avoid double taxation and prevent evasion of taxes imposed on income and capital between the governments of Iraq and the Czech Republic.
2. Authorizing the Iraqi Ambassador to the Czech Republic to negotiate and sign a draft agreement to avoid double taxation and prevent evasion of taxes imposed on income and capital, between the governments of Iraq and the Czech Republic, based on the provisions of the Constitution.
3. The Ministry of Foreign Affairs shall prepare the necessary authorization document in the name of the Government of the Republic of Iraq for the Iraqi Ambassador to the Czech Republic, in accordance with the approved procedures, and submit it to the General Secretariat of the Council of Ministers to obtain the signature of the Prime Minister.
The statement concluded, "The Council approved the controls and conditions for admission to the Iraqi Police College submitted by the Ministry of Interior, taking into consideration the following:
1. Determining the fees for study expenses at the Police College for those covered by Cabinet Resolution No. (24594 of 2024).
2. The controls shall include a clause on reciprocity for other countries for students covered by the aforementioned Cabinet decision, taking into account what is stated in Police College Law No. (37) of 2000 (amended). https://economy-news.net/content.php?id=52699
Gold Prices Hit Record High
11/02/2025 Mawazine News – Economy Gold prices hit a record high on Tuesday after US President Donald Trump announced 25% tariffs on steel and aluminium imports.
Spot gold rose 1.1% to $2,939.80 an ounce, after hitting a record high of $2,942.70 earlier in the session.
US gold futures also rose 1.1% to $2,966 an ounce.
US President Trump announced on Monday that he would raise tariffs on steel and aluminium imports by 25%, without any exemptions or waivers. https://www.mawazin.net/Details.aspx?jimare=259514
Mansour Bank Holds Its Annual Meeting On February 26 To Discuss Final Accounts And Capital Increase
Banks Mansour Investment Bank announced that the annual general assembly meeting will be held on February 26, 2025, to discuss the final accounts for the year 2024 and approve the dividend for shareholders, in addition to voting on increasing the bank’s capital.
The meeting is scheduled to discuss the bank's performance during the past year, review its financial results, and approve increasing the capital by 49 billion Iraqi dinars, bringing the total to 400 billion dinars, compared to 351 billion dinars currently. This step comes within the bank's plans to strengthen its financial position and expand banking and investment services.
The capital increase, based on the decision of the Central Bank of Iraq, aims to enhance the bank's competitiveness and achieve sustainable growth, in line with the requirements of the Iraqi banking market. The meeting will also discuss the business strategy for 2025 and future directions for developing banking products and services. https://economy-news.net/content.php?id=52689
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
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.
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
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!